Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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Korea leads driving eco-innovation for SMEs of ASEM
For the past four years, Korea has made contributions to bridging between developed and developing countries in many sectors, ranging from political to business areas. Green growth is one such sector as the nation has taken a leading role globally by adopting green growth as one of its key development strategies for the first time in the world in 2009. In line with a vision for a green future, the Small and Medium Business Administration under the Ministry of Knowledge Economy has made contribut
Oct. 29, 2012
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Kyobo Life chief wins Asia insurance award
Kyobo Life Insurance chairman Shin Chang-jae won the top award at this year’s Asia Insurance Industry Awards in recognition for his exceptional leadership and pioneering a new life insurance culture.Shin was chosen as the “Personality of the Year” at the annual award ceremony held in Kuala Lumpur on Sunday, being the first Korean insurance company chief executive to receive the honor.“Shin has endeavored to put the company on the right track and establish a firm customer-oriented corporate cultu
Oct. 29, 2012
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Scientists discover method to ’read dreams’
Japanese scientists claimed that they have found a way to decipher dreams, according to a report in science journal Nature.By analyzing activity in certain brain regions of a person who is dreaming, it is possible to predict the contents of the dream, according to Yukiyasu Kamitani of ATR Computational Neuroscience Laboratories in Kyoto, Japan.“We built a model to predict whether each category of content was present in the dreams,” said Kamitami. His study was presented earlier this month, at th
TechnologyOct. 29, 2012
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Naro rocket launch set for mid-November
The Korea Space Launch Vehicle-1, or the Naro rocket, will be launched between Nov. 9 and 24 after a thorough investigation into the cause of a parts failure that forced the cancellation its initial Oct. 26 liftoff date, officials said on Monday.The Ministry of Education, Science and Technology and Korea Aerospace Research Institute said they also plan to file with global agencies such as the International Civil Aviation Organization and the International Maritime Organization on Tuesday to get
TechnologyOct. 29, 2012
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Two-thirds of Australians overweight: study
Two-thirds of Australia‘s adult population are overweight or obese, a key study found Monday, with rates continuing to climb despite a drop in smoking and drinking.The Australian Bureau of Statistics (ABS) said people were continuing to pile on the kilos despite other findings indicating a switch to healthier habits.The study found 63.4 percent of the population are now classified as overweight or obese -- an increase of more than two percent from four years ago.Australia is ranked fifth among a
TechnologyOct. 29, 2012
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Women may add 10 years by quitting smoking
Smoking costs women at least 10 years of life on average, but quitting at about age 30 may gain back those years, researchers in Britain said.“Both in Britain in the United States, women born around 1940 were the first generation in which many smoked substantial numbers of cigarettes throughout adult life,” Richard Peto of the University of Oxford said in a statement. “Hence, only in the 21st century could we observe directly the full effects of prolonged smoking, and of prolonged cessation, on
TechnologyOct. 29, 2012
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Osteoporosis, a symptom-free disease
Osteoporosis is a “silent” bone disease because most people -- the disease affects 10 million U.S. adults -- are unaware of it until a fracture, an expert said.Dr. Khashayar Sakhaee, chief of the mineral metabolism division at the University of Texas Southwestern Medical Center in Dallas, said most often osteoporosis affects postmenopausal women who undergo a dramatic drop in estrogen -- a hormone that assists in the absorption of calcium and prevents calcium loss from the bone. However, the dis
TechnologyOct. 29, 2012
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Seoul shares open higher on improved U.S. data
South Korean stocks opened higher Monday as investor sentiment was boosted by the better-than-expected gross domestic product growth in the U.S. in the third quarter, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.58 percent, or 10.93 points, to 1,902.36 in the first 15 minutes of trading.Shares gathered ground across the board, with market bellwether Samsung Electronics Co. gaining 0.54 percent while top automaker Hyundai Motor Co. added 0.22 percent. Leading steel
Oct. 29, 2012
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Seoul likely to set new date for space rocket launch
South Korea will likely set a new date for the launch of its first space rocket Monday after a Russian-made defective part of the rocket made it impossible to send off the rocket last week, officials said.The Launch Preparation Committee was to be convened at 11 a.m. to decide when the launch of the Korea Space Launch Vehicle-1 (KSLV-1) will take place.The rocket, also known as Naro-1, was originally set to be launched Friday, but the launch was called off due to a broken rubber seal in the conn
TechnologyOct. 29, 2012
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SpaceX capsule completes successful first mission
The unmanned SpaceX capsule made a safe splashdown in the Pacific Sunday after successfully delivering its first commercial payload to the International Space Station.The capsule parachuted into the water at 1922 GMT after an 18-day mission to resupply the station and was now being recovered by a team of divers, US-based SpaceX said in a brief statement on its website. The mission -- the first of 12 planned trips in SpaceX's $1.6 billion contract with US space agency NASA -- is a milestone for A
TechnologyOct. 29, 2012
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Stronger won expected despite low growth
The Korean won is continuously appreciating against the U.S. dollar despite a series of gloomy indices over Korea’s economic growth for this year.Though growth of the nation’s gross domestic product stayed at 1.6 percent in the third quarter of the year, falling below 2 percent for the first time since the third quarter of 2009, the dollar continued to lose ground against the Korean currency.The dollar finally slid below 1,100 won last week after gradually losing value over the past few months ―
Oct. 28, 2012
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U.S. scientists make embryos with ...2 women, 1 man
NEW YORK (AP) ― Scientists in the U.S. have created embryos with genes from one man and two women, using a provocative technique that someday could be used to prevent babies from inheriting certain rare incurable diseases.The researchers at Oregon Health & Sciences University said they are not using the embryos to produce children, and it is not clear when or even if the technique will be put to use. But it has already stirred a debate over its risks and ethics in Britain, where scientists did s
TechnologyOct. 28, 2012
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Anti-aging compound discovered
Staying fit through exercising and dieting helps maintain health and prevent age-related diseases.However, many find it difficult to run a mile or two every day, or even regularly, as muscles and cells degenerate as they age.Scientists at Korea Advanced Institute of Science and Technology have discovered a compound that could boost people’s metabolism and possibly prevent diseases associated with aging such Parkinson’s and Alzheimer’s.A team led by professor Kim Dae-soo of KAIST’s department of
TechnologyOct. 28, 2012
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POSCO says talks to buy Arrium still under way
SYDNEY (Yonhap News) ― The Australian unit of South Korea’s top steelmaker POSCO is still in talks to buy Australian miner and steelmaker Arrium Ltd., which recently rejected a takeover offer, its head said.In early October, Arrium rebuffed a takeover bid by a consortium including POSCO Australia Pty and Noble Group Ltd. valued at A$1.01 billion ($1.04 billion).“The consortium continues to have talks with Arrium,” Shin Soo-cheol, managing-director of POSCO Australia, told reporters on Friday.“We
IndustryOct. 28, 2012
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Uljin nuclear reactor shuts down on malfunction
ULJIN (Yonhap News) ― A nuclear power generator in the southeast came to a halt early Sunday morning due to a problem related to its turbine control system, but no radioactive leak has been reported, its operators said.The Reactor-2 at Uljin Nuclear Power Plant in this southeastern region of the country automatically shut down at about 2:45 a.m., according to the operators. The reactor stopped after a problem was detected in a system designed to supply steam into turbines. That problem also forc
Oct. 28, 2012
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Makgeolli exports to Japan plunge amid chilled relations
Exports of South Korea’s traditional alcoholic beverage “makgeolli” to Japan dropped sharply during the first nine months of this year, apparently affected by chilled relations between the two countries, customs data showed Sunday.South Korea exported a total of 21,743 tons of makgeolli during the January-September period, down 28.6 percent from the same time a year earlier, showed the data by the Korea Customs Service. The exports were estimated at $27.36 million, which also marked a 28 percent
IndustryOct. 28, 2012
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Shares may gain ground this week
The South Korean stock market may gain ground this week, but advances are not likely to be large amid nagging concerns about the global economy, analysts said Saturday.The benchmark Korea Composite Stock Price Index finished at 1,891.43 this week, down 2.7 percent from a week earlier, beset by the eurozone debt problems and weak corporate earnings results.The KOSPI fell below the 1,900-point for the first time in more than one month Friday after the central bank said that Korea’s third-quarter g
Oct. 28, 2012
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Korea to log W20tr in fiscal deficit annually
South Korea will post about 20 trillion won ($18.2 billion) in fiscal deficit every year until 2016, a parliamentary office said Sunday, casting doubt over the government’s push to achieve a balanced budget in a couple of years.According to data provided by the National Assembly Budget Office, South Korea will post about 18.5 trillion won in fiscal deficit next year, far higher than the government’s deficit forecast of 4.8 trillion won.The larger-than-expected shortfalls come mainly from the off
Oct. 28, 2012
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Korea’s pension system lags overseas versions
South Korea’s retirement income system is among the worst in the world, according to data released by an Australian research center on Sunday. The Australian Center for Financial Studies’ October 2012 Melbourne Mercer Global Pension Index showed that Korea ranks 16th among 18 researched countries in terms of the retirement income system, marking an overall index value of 44.7. Denmark topped the list with 82.9 points. China came in 15th with 45.4 points, Japan 17th with 44.4 points and India 18t
Oct. 28, 2012
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Nongshim ordered to recall imported noodles in China
The Chinese government ordered a recall of six types of South Korean instant noodles Friday that were found to contain benzopyrene, a substance classified as a carcinogen.China’s General Administration of Quality Supervision, Inspection and Quarantine announced on its website that it had ordered importers to immediately recall the noodles. It also directed its affiliated agencies to strengthen inspections to keep the products out. “The KFDA confirmed the detection of benzopyrene in the six (type
IndustryOct. 28, 2012