Most Popular
-
1
Yoon’s jailed mother-in-law excluded from latest parole list
-
2
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
-
3
Korea’s homegrown nanosatellite successfully launches into space
-
4
Nicaragua shuts down Seoul embassy
-
5
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
6
SNU profs to suspend treatment for one day
-
7
SK hynix pledges W20tr to ramp up DRAM production at home
-
8
Hybe's multilabel system tested amid conflict with Ador
-
9
Over-50s, men, single-person households take up majority of those filing for bankruptcy
-
10
Aging population to drive down Korea's housing prices from 2040: experts
-
Cosmetics, food exports to Asia double in 3 years
The popularity of cosmetic products and food made in Korea is growing in Asian countries. Exports of such products to China, Japan, Thailand, Vietnam, Indonesia, Philippines and Malaysia more than doubled during the past three years, according to the Korea Customs Service on Thursday. Cosmetics exports increased from about $216.73 million in 2008 to $485.11 million in 2011, and is expected to surpass $561 million this year, which would be a jump by 16 percent compared to last year. Exports to th
IndustryNov. 1, 2012
-
Scientists look at climate change, superstorm
WASHINGTON (AP) ― Climate scientist Michael Oppenheimer stood along the Hudson River and watched his research come to life as Hurricane Sandy blew through New York.Just eight months earlier, the Princeton University professor reported that what used to be once-in-a-century devastating floods in New York City would soon happen every three to 20 years. He blamed global warming for pushing up sea levels and changing hurricane patterns.New York “is now highly vulnerable to extreme hurricane-surge fl
TechnologyNov. 1, 2012
-
When Hakomi meets oriental medicine
Korean oriental medicine doctors are embracing “Hakomi,” a body-centered, somatic psychotherapy developed in the United States, to treat mental illnesses.Professor Kang Hyung-won of Wonkang University Oriental Medical Center has been leading a group of doctors to develop Hakomi-based programs to treat mental and emotional disorders from depression to “hwabyeong,” a repressed anger syndrome.The word originates from the Hopi Indian language, meaning “How do you stand in relation to these many real
TechnologyNov. 1, 2012
-
Jeju health care town takes shape with Greenland
SEOGWIPO, Jeju ― An hour’s drive south from the island’s main airport, there is an expanse of flat land with nothing but pebbles and sand.To its north stands Hallasan, Korea’s tallest mountain, while the ocean can be seen just a few feet to the south.The site seems perfect to build a town for tourists seeking medical treatment while on holiday, especially after one has seen the area’s sunsets.This is where Jeju Free International City Development Center, or JDC, plans to develop a 1.5 square-kil
TechnologyNov. 1, 2012
-
Hypertension and kidney disease
Several organs in our body affect the blood pressure. Among these organs, the kidneys are said to be the most important in blood pressure. People with poor kidney function can have hypertension, and conversely, untreated chronic hypertension can lead to poor kidney function. Therefore, the kidneys and blood pressure are like a needle and a thread. Those with poor kidney function must regulate their blood pressure carefully. This is because hypertension can lead to further decline in kidney funct
TechnologyNov. 1, 2012
-
Company pulls out all stops for rewarding employees
It took only three months for the happy couple to walk down the aisle. Short as it was, the courting period was unforgettable for the bride and groom, both of whom are employed at SK Hynix. They declined to be identified, but at SK Hynix, they have garnered recognition as the couple who met through the company’s “happy matchmaking program.” Speaking about the series of memorable events they went through before tying the knot, the bride said that she accidentally flushed her engagement ring down
IndustryNov. 1, 2012
-
SK Hynix cherishes workers, social contributions
SK Hynix will strive to create a favorable workplace that puts a strong focus on its employees as well as social welfare projects, the chipmaker said.Since Hynix was acquired by SK Telecom in March this year, the company has been launching various activities to include the word “happiness” in its business operations.Over 10,000 employees at the maker of dynamic random access memory chips and NAND Flash memory have taken part in volunteering efforts as of September. The activities range from offe
IndustryNov. 1, 2012
-
Samsung CEO stresses future competitiveness
Samsung Electronics on Thursday celebrated its 43rd anniversary with its chief asking its employees to work toward transforming the firm into a global top 5 brand.“With the global economy continuously expected to see low growth, the electronics industry has met huge changes which we have never experience in the past,” said the company’s chief executive Kwon Oh-hyun. “If we stay satisfied with our current results and don’t gain future competitiveness, we will collapse before we even realize it.”I
IndustryNov. 1, 2012
-
SKT, SK Hynix hold first joint global technology summit
SK Telecom and SK Hynix on Thursday jointly held their first global technology summit at Silicon Valley with about 40 Korean industry experts working in the U.S.At the event dubbed “Global Tech Leader Summit,” which was presided over by SKT chief executive Ha Sung-min, they discussed the future growth engines in the sectors of telecommunications and semiconductors as well as non-telecommunications, according to SKT officials.They also shared strategies and technologies valued by the two tech fir
IndustryNov. 1, 2012
-
Trade surplus widens to $3.8b in Oct.
South Korea’s trade surplus more than doubled in October from a year earlier as exports posted positive growth, ending their three-month losing streak, the government said Thursday.The country’s trade surplus is estimated to have reached $3.8 billion in October, compared with $1.44 billion in the same month last year, according to the Ministry of Knowledge Economy. The figure also marks a slight growth from the trade surplus of $3.15 billion in the previous month.The country’s exports are estima
Nov. 1, 2012
-
Shares dip on autos, shipbuilders
South Korean stocks sank 0.71 percent Thursday as investors dumped auto shares on a dim industry outlook in addition to the recent appreciation of the local currency. The Korean won lost against the U.S. dollar. The benchmark Korea Composite Stock Price Index retreated 13.62 points to finish at 1,898.44. Trading volume was moderate at 395.6 million shares worth 5.17 trillion won ($4.74 billion) with decliners outpacing gainers 505 to 305. “There are growing negative market prospects about auto s
Nov. 1, 2012
-
Consumer prices gain 2.1% on-year in Oct.
South Korea’s consumer prices grew at the fastest pace in four months in October on higher prices of farm products, but they remained within the central bank’s inflation target band, a government report showed Thursday.The country’s consumer prices index rose 2.1 percent in October from a year earlier, compared with a 2 percent on-year gain in the previous month, according to the report by Statistics Korea. The index fell 0.1 percent from September when the consumer prices rose 0.7 percent on-mo
Nov. 1, 2012
-
Samsung Engineering wins $2.4b UAE order
Samsung Engineering Co., South Korea’s largest industrial plant builder, said Thursday that it has won a $2.4 billion order to build carbon black and delayed coker units in the United Arab Emirates.Under the deal with Abu Dhabi Oil Refining Co., the state-run company known as Takreer, on Wednesday, Samsung Engineering will build the units in the refining complex in Ruwais, west of Abu Dhabi, by January 2016.The units, when completed, can produce 40,000 tons of carbon black per year and 30,000 ba
Nov. 1, 2012
-
Samsung Heavy Q3 net more than doubles
South Korean shipbuilder Samsung Heavy Industries Co. said Thursday that its third-quarter earnings more than doubled from a year earlier on increased orders for offshore facilities.Net profit reached 277 billion won ($254 million) on a consolidated basis in the July-September period, compared with a profit of 111 billion won a year earlier, the company said.Sales rose 19 percent on-year to 4.06 trillion won over the cited period, and operating income surged 39.2 percent to 324 billion won.In th
Nov. 1, 2012
-
Korea, China end FTA talks with little progress
Korea and China ended their fourth round of negotiations for a free trade agreement on Thursday with little progress.But the two sides reached an agreement to include intellectual property in items to be discussed in negotiations.Trade Ministry officials in Seoul said the FTA talks held in Gyeongju, North Gyeongsang Province, did not yield specific results, expressing hope that the two countries would reach a consensus in the next negotiation talks in China.“The Korean government will seek to pr
Nov. 1, 2012
-
Hyundai Motor sales hit monthly high
Hyundai Motor, the nation’s largest carmaker, logged its best monthly sales in October, with its global sales increasing by 13.9 percent to reach 412,189 vehicles. It was the first time that the Korean auto giant has ever seen its monthly sales exceed the 400,000 mark, officials said. The record sales came as Hyundai’s overseas production succeeded in meeting the growing demand globally, while the domestic car market also showed some sign of recovery. In Korea, the company sold 61,486 vehicles,
IndustryNov. 1, 2012
-
Japanese cans face antidumping duties from Korea
South Korea is moving to freshly impose antidumping tariffs on Japanese aluminium bottle cans, the government said Thursday.Following a yearlong investigation that began at the request of a local manufacturer, TechPack Solutions Inc., the Korea Trade Commission concluded that Japanese products were effectively damaging local manufacturers by preventing them from establishing firm ground for their business here.“The commission’s decision is the first of its kind in which the commission applied an
Nov. 1, 2012
-
Instant coffee makers seek success abroad
Some instant coffee mix producers are tapping or aiming at the global stage amid heated competition in the local market.Korea’s typical instant coffee product features three-in-one coffee mix sachets containing powdered coffee, powdered cream and sugar for a single serving.Namyang Dairy has initiated the moves abroad, called “coffee reexports,” by recently making inroads into countries such as China, the United States and Australia.Though the company’s current sales target in the overseas market
IndustryNov. 1, 2012
-
Income inequality in rural Korea hits record high
Income inequality in rural South Korea reached its worst level in 2011 due largely to the government’s misguided agricultural policies, a report showed Thursday.The top 20 percent of the rural households earned an average of 74.62 million won ($68,400) in 2011, a whopping 12.3 times the 6.09 million won for the bottom 20 percent, according to the report released by Rep. Hwang Ju-hong of the main opposition Democratic United Party.The income gap between the two brackets was much larger than 9.7 t
Nov. 1, 2012
-
Lotte, Hi-mart aim for retail top spot
Lotte Shopping and Hi-mart on Thursday made their merger official by launching their new name, “Lotte Hi-mart,” an entity both parties hope will help take them to the top in the electronics and retail industries. Experts said the acquisition by Lotte Shopping is expected to bring forth a positive synergy effect, despite Moody’s credit rating agency slashing its rating on Lotte, citing likely deterioration in the company’s financial profile. “For now, the M&A is no doubt weighing on Lotte’s finan
IndustryNov. 1, 2012