Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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Gov't appears to shelve punitive measures against mass walkout by doctors
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Walmart fires iPad-throwing workers
Executives at Walmart say the shoe dropped for a group of employees seen on video throwing and intentionally dropping new iPads at a Kentucky store.An unspecified number of nightshift workers at the Pikeville store were shown the door after a video showing their antics hit the Internet.“As anyone can imagine, it made us wince,” a Walmart representative told NBC News. “We are also embarrassed.”On the bright side, the rep said the store had not recorded anyone returning damaged iPads they had purc
TechnologyNov. 11, 2012
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Seoul shares slip on renewed economic woes
South Korean stocks closed 0.52 percent lower on Friday as investor sentiment was dampened by resurfacing uncertainties over the economic recovery, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 10.00 points to finish at 1,904.41. Trading volume was heavy at 628.2 million shares worth 4.74 trillion won ($4.35 billion) with decliners outpacing advancers 444 to 360.“Investors hate uncertainties. Now with the U.S. election over an
IndustryNov. 9, 2012
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‘Anipang’ creator targets global game market
Lee Jung-woong, founder of mobile game developer Sundaytoz and creator of “Anipang the Quiz,” plans to plant itself firmly in the global mobile game industry. Originally, “Anipang” was a game on social network platform Cyworld. As Sundaytoz formed a partnership with mobile SNS developer Kakaotalk, it launched the mobile version of “Anipang” on July 30. “When I went to the United States lately to check out how people play games there, I found out that only half of the American players would play
TechnologyNov. 9, 2012
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11 Street opens English site
Online shopping mall 11 Street opened its English domain to attract a larger number of foreign shoppers, the nation’s third largest e-shopping portal said Friday.The new domain displays product information, the payment process and other services in English. Expats can sign up for 11 Street using their email addresses. “We look forward to introducing excellent Korean products to our customers at home and abroad,” said an 11 Street official. “The English domain will help Korean small and medium-si
IndustryNov. 9, 2012
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Daesung chief to co-chair global energy organization
Kim Young-hoon, the chairman of Daesung Group, has been elected to co-lead the World Energy Council.The decision was made at the council’s Executive Assembly in Monaco on Thursday, industry sources said Friday. After serving as co-chair for three years, Kim will move on to become the chairman starting in 2016, in accordance with WEC regulations. Kim became another Korean to serve on an international organization, following in the footsteps of U.N. Secretary-General Ban Ki-moon and Kim Yong, pres
IndustryNov. 9, 2012
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Hyundai aims to expand market share in Brazil
Hyundai Motor is stepping up efforts to aggressively expand its presence in Brazil ― the only BRIC nation where, Korea’s largest carmaker admits, it has yet to be successful. With the recent completion of its first Latin American plant in the region, Hyundai now aims to sell 200,000 vehicles next year, becoming one of the top five carmakers in Brazil.“We have completed preparations for a new leap in Brazil. We will ramp up efforts to continue our success stories in India, China and Russia,” said
IndustryNov. 9, 2012
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Lotte Shopping sales to improve on Hi-mart takeover
Lotte Shopping Co., South Korea’s No. 1 retailer, is expected to fare better next year on improved sales in electronic goods following its acquisition of a local appliance retailer, analysts said Friday.The retail giant’s sales for 2013 are forecast to reach 30 trillion won ($27.4 billion), up 23 percent from this year’s estimate, according to a report released by Korea Investment & Securities Co.“Following the retailer’s acquisition of Hi-mart Co., Lotte Shopping can seek synergy among its dive
IndustryNov. 9, 2012
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Subscribe for shirts, buy brand-name goods online
Online shopping mall Shirts Magazine offers subscriptions for shirts, not magazines ― literally.For 100,000 won a year, you get a crisp new shirt delivered to your home every month. It’s like having your monthly-subscribed magazine in your mailbox. And you get to choose the color and design each month from a range of choices on the net. “I got the subscription for my husband,” says housewife Lee, who only wished to reveal her last name. Her husband is an urban professional in Seoul, who is requi
IndustryNov. 9, 2012
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S. Korea watchdog finds cracks in nuclear reactor
South Korea said Friday minor cracks were found at a nuclear reactor that have not caused a leak but still mean the facility will be kept offline, prompting fears of power shortages in the coming winter.The cracks were found during maintenance work on control rod tubes at a unit in the Yeonggwang nuclear complex, where two other reactors were recently shut down for several months to replace unvetted components.Half of Yeonggwang's six reactors will now be offline until January at the earliest, t
TechnologyNov. 9, 2012
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Crocodile jaws are super-sensitive to prey
Crocodile and alligator jaws are more sensitive than human fingertips and their sense of touch is among the most acute among animals, U.S. researchers say.Scientists, writing in the Journal of Experimental Biology, say the animals' jaws, covered with small, pigmented bumps that dot their skin, particularly around the face, are extremely sensitive to pressure and vibration, Discovery News reported.A previous study suggested the bumps -- known technically as "integumentary sensor organs" or ISOs -
TechnologyNov. 9, 2012
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Smart insole can help improve walking
A University of Utah engineering professor say her smart insole design using sensors and gyroscopes can help correct walking abnormalities.Stacy Bamberg of the university‘s department of mechanical engineering says her insole, which she calls the Rapid Rehab system, will eventually help correct walking problems for people with artificial legs, hip replacements and broken legs.The system uses a custom gel insole with force sensors, accelerometers and gyroscopes to detect a person’s gait, or walki
TechnologyNov. 9, 2012
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BOK freezes key rate at 2.75 percent
The country’s central bank left the key rate untouched on Friday, reflecting a hopeful outlook on the nation’s economy based on the brisk export growth in October. As widely expected, the Bank of Korea’s Monetary Policy Committee announced that it would keep the rate frozen at 2.75 percent for November to keep tabs on the impact of the quarter-point rate cut in the previous month. The economic downturn slowed in Korea as exports, consumption and investment improved, said BOK Governor Kim Choong-
Nov. 9, 2012
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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