Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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S. Korea's producer price growth hits 3-month low in Oct.
South Korea's producer prices grew at their slowest on-year pace in three months in October due to eased growth of oil costs and the won's ascent, the central bank said Friday.The producer price index, a barometer of future consumer inflation, inched up 0.2 percent in October from a year earlier, slowing from a 1 percent on-year gain in September, according to the Bank of Korea (BOK). The October figure marked the slowest expansion since July, when producer prices fell 0.1 percent on-year.The in
Nov. 9, 2012
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Pelvic inflammatory disease
Pelvic inflammatory disease (PID) is caused by bacteria, or more uncommonly viruses, infecting the reproductive organs. It is a broad term that includes endometritis, salpingitis, perioophorosalpingitis, and abscess in the ovaries or pelvic peritonitis caused by abscess in the ovaries. Pelvic inflammatory disease is often caused by sexually transmitted infections such as gonorrhea and trachomatis. Other anaerobic bacteria such as vaginalis, which cause bacterial vaginosis, can also lead to pelvi
TechnologyNov. 8, 2012
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Shares sink 1.19% on profit taking
South Korean stocks fell 1.19 percent Thursday as investors opted to lock in part of recent gains following the outcome of the U.S. presidential poll, analysts said.The local currency lost ground against the U.S. dollar. The Korea Composite Stock Price Index retreated 23.14 points to finish at 1,914.41. Trading volume was heavy at 6.53 million shares worth 5.31 trillion won ($4.87 billion), with losers outnumbering gainers 532 to 268. “The ‘Romney shares’ such as energy and oil issues tumbled in
Nov. 8, 2012
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AmorePacific Q3 net rises 9.1 percent
AmorePacific Corp., South Korea’s leading cosmetics manufacturer, said Thursday its third-quarter earnings increased 9.1 percent from a year earlier on the back of increased sales.Net profit reached 69.6 billion won ($64 million) in the July-September period, compared with a profit of 63.8 billion won a year earlier, the company said in a regulatory filing. Sales rose 17.7 percent on-year to 733 billion won in the period and operating profit gained 18 percent to 90 billion won. In the first thre
Nov. 8, 2012
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Manufacturing sector growth falters in Q3
South Korea’s manufacturing sector growth lagged behind the service sector for the first time in 39 months in the third quarter amid the global economic slowdown, data showed Thursday. The country’s manufacturing industry grew 1.3 percent in the July-September period from a year earlier, compared with a 2.4 percent on-year advance logged by the service sector, according to data by the Bank of Korea. In the third quarter, Korea’s economy grew 1.6 percent from a year earlier and 0.2 percent from t
Nov. 8, 2012
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NHN net profit jumps 25 percent in Q3
NHN Corp., South Korea’s top Internet portal operator, said Thursday its third-quarter earnings soared 25 percent from a year earlier on robust advertising revenue.Net profit totaled 127 billion won ($117 million) in the July-September period, compared with a profit of 102 billion won a year earlier, the company said in a regulatory filing.Sales climbed 12.5 percent on-year to 596 billion won in the cited period, and operating profit rose 4.3 percent to 156 billion won.The surge in the third-qua
Nov. 8, 2012
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G-Star game exhibition opens in Busan
BUSAN ― G-Star, the nation’s largest international game exhibition, kicked off in Busan on Thursday, drawing in many spectators with the newest and most popular games.Reflecting the high popularity of online and mobile games, visitors packed the main hall at BEXCO for the eighth run of the annual game festival. Some of them formed a 100-meter line to watch the opening of the show.Held under the theme “Game, Touching the World,” the global game convention drew traditional game lovers as well as f
TechnologyNov. 8, 2012
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Export-oriented firms suffer as won rises
South Korea’s export-oriented firms are suffering as the won continues to strengthen. The won-dollar exchange rate dipped below 1,100 won last month and has not risen above that value since. For some industries, the exchange rate has already fallen below the minimum needed to secure profit, which averaged 1,086.2 won per dollar, according to a survey conducted by the Korea Chamber of Commerce and Industry on about 500 companies. About 57 percent of the surveyed companies said that their profits
IndustryNov. 8, 2012
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HHI to make construction equipment engines
Hyundai Heavy Industries held a ground-breaking ceremony to build a production line for its joint venture with Cummins, a U.S.-based construction equipment engine maker, in an industrial complex in Daegu on Thursday.Hyundai-Cummins Engine, the 50-50 joint venture between the two companies, will complete the diesel engine production site by May 2014 by investing 87 billion won ($80 million), Hyundai Heavy said in a press release. It added that once the plant is completed, the joint venture firm w
IndustryNov. 8, 2012
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Officials oppose supervisory revamp
Senior financial regulatory officials expressed opposition to the presidential candidates’ election campaign pledges to overhaul the financial supervisory structure.The opponents include the top two officials ― Financial Services Commission chairman Kim Seok-dong and Financial Supervisory Service governor Kwon Hyouk-se.Aside from the political sector, many college professors and economists have continued to express skeptical views over the nation’s regulatory structure and system.“Korea ranked 5
Nov. 8, 2012
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Korean biz bodies hail Obama’s reelection
South Korea’s major business organizations welcomed the reelection of U.S. President Barack Obama on Wednesday as they tried to gauge opportunities and challenges Obama’s second term could bring to local companies and their exports.The Korean Chamber of Commerce and Industry said it hopes that Seoul and Washington will strengthen their economic cooperation and that Obama’s firm leadership will improve conditions of South Korean exporters.The Federation of Korean Industries, the lobby for the cou
Nov. 8, 2012
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Korea holds IR session in H.K.
HONG KONG (Yonhap News) ― South Korea urged investors in Hong Kong Thursday to invest in Asia’s fourth-largest economy by offering a variety of incentives.South Korea’s Ministry of Knowledge Economy opened a national investor relations session in Hong Kong earlier in the day, designed to woo Hong Kong-based large-scale funds and other foreign capital.South Korean officials, led by Knowledge Economy Deputy Minister Moon Jae-do, promised various incentives, and private business meetings will be he
Nov. 8, 2012
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LG Hausys offers on-site tour for clients from Europe
LG Hausys, the building material arm of LG Group, has invited about 50 key clients from European countries, including Russia and Turkey, to Korea and offered them a field trip to its headquarters and shops. “The field trip, which lasted from Nov. 5 to Nov. 9 in the company’s Cheongju factory, was designed to offer European clients a hands-on experience of our competitiveness in product design and technology,’’ a company official said. High-ranking officials invited work for construction and buil
IndustryNov. 8, 2012
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Hyundai allowed to bid for Brazil rail project: report
SAO PAULO (AFP) ― Brazil has cleared the way for South Korean industrial giant Hyundai to put in a construction bid for a bullet train to link Rio with Sao Paulo and Campinas, according to a report Wednesday.Economic daily Valor said the federal government has agreed to lower a requirement for prospective bidders: instead of requiring a ten year record of operating high-speed trains without accident, bidders would only need five.Hyundai, which has only eight-and-a-half years of high-speed train
IndustryNov. 8, 2012
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Hyundai’s HB20 named Brazil car of the year
Hyundai Motor’s new Brazil-only hatchback, HB20, has recently won the Car of the Year award in the Latin country, just one month since its official debut there, company officials said Thursday. Brazil’s auto magazine Auto Esporte, which has named the best car of the year since 1966, gave the top honor to Hyundai’s HB20 among the five finalists, including Chevrolet’s Sonic, Citroen’s C3, Pugeot’s 308 and Toyota’s Etios. The flex-fuel model HB20 was exclusively developed for the Brazilian market a
IndustryNov. 8, 2012
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Overseas investors threat or opportunity?
A company’s national identity has become more complex now that the majority of the country’s top 30 enterprises are replete in foreign investment. Overseas investors hold more than a 50 percent stake in some of the largest companies here. Well-known names such as Samsung Electronics, KB Kookmin Bank, KT Corp., Hyundai Motor, LG Electronics and POSCO are now better identified as “global firms” due to the significant percentage of foreign shareholders.“Foreign shareholders are now almost a part of
IndustryNov. 8, 2012
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’Smart pills’ concern U.K. experts
The research field of human enhancement, which lets people work without tiring and recall every conversation, is moving fast and will be a tangible reality to prepare for, experts said. Recently introduced “smart” pills, originally made for dementia patients, are already widely used for students who want to stay up late studying. One commonly used “smart” drug is modafinil (brand name Provigil), which is normally prescribed for sleep disorders, and another is the drug methylphenidate (brand name
TechnologyNov. 8, 2012
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Newfound “Super-Earth” may be habitable for life
An exoplanet that may be capable of supporting life has been found, according to European researchers.The distance between the planet HD 40307g and its host star HD 40307 suggests the planet may have liquid water on its surface, according to a study led by Mikko Tuomi of the University of Hertfordshire in the United Kingdom. This increases the possibility that the planet may support living organisms.“The longer orbit of the new planet means that its climate and atmosphere may be just right to su
TechnologyNov. 8, 2012
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Wi-Fi, heat from laptop damage sperm
A British couple who struggled to have a baby for six months were stunned when doctors said their laptop was to blame. Scott Reed, the 30-year-old electrician, was told that using his computer on his lap caused heat damage to his sperm. After he went through an examination from the hospital, he started using his laptop on a table instead and three months later his wife became pregnant with the couple’s daughter. “When the doctors told us it was a real shock. Scott would use his laptop in the eve
TechnologyNov. 8, 2012
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Online persona can affect real life
Creating a persona in the virtual world can influence a person’s actual life, according to a new study by U.S. researchers.Making an avatar in the online world allows an individual to easily try on new appearances and characteristics and may potentially push the person toward a more positive direction, claimed lead researcher Elizabeth Behm-Morawitz, assistant professor at the University of Missouri, who specializes in communications. “That alter-ego can then have a positive influence on a perso
TechnologyNov. 8, 2012