Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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[Herald Interview] Why Toss invited hackers to penetrate its system
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Vegetable prices soar on kimchi-making season
The prices of vegetables, including radishes, has skyrocketed recently due to increasing demands ahead of the kimchi-making season, government data showed Sunday.The season, which lasts for about two months through December, is when Koreans prepare kimchi for the winter, a major event in traditional Korean households as families prepare for the long, cold season when vegetables are scarce.“Kimchi” is a spicy fermented side dish made from cabbage, radish and various seasonings such as garlic, chi
IndustryOct. 21, 2012
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Korea, Qatar ink MOU to expand joint investment
South Korea and Qatar have reached a preliminary agreement to expand cooperation for joint investment in third countries.The memorandum of understanding, signed in Seoul between the Ministry of Land, Transport and Maritime Affairs and Qatar Holding LLC, outlines the creation of a joint infrastructure cooperation taskforce for such purposes.The joint taskforce will arrange consultative meetings twice a year, help concerned parties share information on prospective investment projects and carry out
IndustryOct. 21, 2012
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Japan court rejects iPhone sales ban
A Japanese court has dismissed an injunction filed by South Korea’s Samsung Electronics Co. against U.S. smartphone manufacturer Apple Inc., finding no patent infringement as claimed by Samsung, a Japanese newspaper reported Saturday.According to the local daily, the Asahi Shimbun, a Tokyo district court rejected Samsung’s injunction on Sept. 14 and then again on Oct. 11. The South Korean company, the world’s largest supplier of smartphones, claimed Apple’s iPhone had violated its patents on tec
IndustryOct. 21, 2012
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Stocks expected to continue upward movement
South Korean stocks are expected to show an upward movement this week though the movement range may be limited by external uncertainties that remain in the global market, analysts said.The country’s key stock index, the Korea Composite Stock Price Index, closed 10.58 points or 0.54 percent higher from the previous week’s close at 1,943.84 last Friday.The index dropped more than 15 points on Friday alone following what market analysts called poorer-than-expected corporate earnings for the third q
Oct. 21, 2012
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Fast-expanding Japanese stores face backlash from small retailers
Large foreign marts are facing a backlash from South Korean merchants for being excluded from government sanctions to protect small retailers. The Korea Merchant Association announced on Sunday an investigation into Japanese “super supermarkets” within the week. Large Japanese supermarket chains in Korea include Trial and Valor, which have both been rapidly expanding in Korea since their launch here in 2005 and 2011, respectively. Both mark over 3 trillion won ($2.7 billion) in total sales per y
IndustryOct. 21, 2012
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LG’s LTE phone sales top 3m units
LG Electronics said Sunday that its LTE smartphone sales in Korea topped 3 million units since the firm released its first model in the market in October 2011.Company officials said its variety in the LTE handset lineup, creative user experience, good quality after service and strong LTE patent portfolio contributed to improved sales on its home ground.Starting with the Optimus LTE a year earlier, LG has been rolling out models like the 5-inch Optimus Vu and the Optimus LTE 2, which was equipped
IndustryOct. 21, 2012
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Consumers with disposal income below W500,000 banned from getting new cards
Financial consumers whose disposal income does not exceed 500,000 won ($450) will be ineligible to apply for a new credit card under new measures.“Irrespective of consumers’ personal credit standing, credit card firms will be allowed to issue a new card to those with monthly disposal income ― or total earnings minus debt payment ― above 500,000 won,” the Financial Supervisory Service said in a statement on Sunday.An FSS official said the action is designed to prevent issuers from recklessly doli
Oct. 21, 2012
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Green fund a boon to economy, globalization
Hosting GCF secretariat would generate 380 billion won worth economic effect per year, analysts sayBusinesses welcomed the nation’s luring of the headquarters of the U.N.’s Green Climate Fund to Songdo, a newly developed international town in Incheon Metropolitan City, expecting the move to put life into an array of service industries ranging from conventions to tourism. The Korea Development Institute, a state-run think tank, on Sunday estimated the economic effect created by the GCF setting up
IndustryOct. 21, 2012
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Renault-Nissan alliance plans to double cost savings by 2016
Renault SA and Nissan Motor Co. said they aim to double annual cost savings from their alliance within four years, while denying a Reuters report that they are reviewing their cross-shareholdings. “We have an internal goal of 4 billion euros ($5.2 billion) in synergies in 2016,” Rachel Konrad, an alliance spokeswoman, said by e-mail. “We expect more every year.” The two plan to boost synergies from their partnership to 2.1 billion euros this year from 1.7 billion euros in 2011.Renault is not loo
MobilityOct. 21, 2012
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Premium import car sales set for milestone
Foreign automakers expected to sell 10,000 units priced more than 100 million won in 2012Yearly sales of import cars with a price tag above 100 million won ($90,100) are expected to surpass 10,000 units for the first time in the nation.Amid the brisk sales of premium vehicles despite the economic slowdown, the import automobile industry saw its sales of cars priced more than 100 million reach 8,035 units for the first nine months of 2012, up about 10 percent over the same period last year.Accor
MobilityOct. 21, 2012
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Int'l passenger traffic hits new quarterly-high in Q3
The number of passengers on international flights to and from South Korea reached a record high in the third quarter on increased demand from Chinese and Japanese tourists.The number of international passengers reached 12.95 million in the July-September period, up 10.4 percent from a year earlier, according to statistics by the Ministry of Land, Transport and Maritime Affairs.The figure is 1.22 million higher than the previous quarterly record of 11.73 million during the same period last year.T
Oct. 21, 2012
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Mars rover gets a taste of Martian soil
NASA's Mars rover Curiosity has swallowed its first solid sample into an analytical instrument inside the rolling laboratory, mission scientists said.The rover's Chemistry and Mineralogy instrument, or CheMin, is analyzing the sample to determine what minerals it contains, NASA's Jet Propulsion Laboratory in Pasadena, Calif., reported Thursday."We are crossing a significant threshold for this mission by using CheMin on its first sample," Curiosity's project scientist John Grotzinger said. "This
TechnologyOct. 21, 2012
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AIPPI kicks off intellectual property congress in Seoul
The International Association for the Protection of Intellectual Property (AIPPI) will open the 43rd World Intellectual Property Congress in COEX, southern Seoul, on Saturday to discuss IP protection and other issues.A number of international intellectual property professionals arrived in Seoul to take part in the 2012 congress, one of the biggest IP-related events, to run until Oct. 23. It is the first time for Seoul to host the World IP Congress of AIPPI, the world’s oldest global IP associati
Oct. 19, 2012
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World experts to discuss protection and future of intellectual property
Following is the opening address to be delivered at the opening ceremony of the 43rd AIPPI World Intellectual Property Congress in Seoul on Saturday evening. ― Ed.On behalf of the entire Bureau of the International Association for the Protection of Intellectual Property, I am honored to welcome all of you who have come to attend the 2012 AIPPI World Intellectual Property Congress in Seoul.Established in 1897, AIPPI has done a wonderful job of protecting intellectual property. AIPPI has contribut
Oct. 19, 2012
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Kolon vows fight against U.S. trade secret charge
Kolon Industries Inc., a leading South Korean textile maker, said Friday that it will fight U.S. Justice Department charges that it stole trade secrets, expressing deep regret over the legal action.The prosecutor of the Eastern District of Virginia on Thursday charged Kolon and five company executives for theft of trade secrets regarding aramid fiber products of DuPont Co. and Japan’s Teijin Ltd. Aramid is a class of heat-resistant, strong synthetic fiber.The Department of Justice’s allegations
IndustryOct. 19, 2012
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HSBC projects 3.8% growth for Korea in 2013
Hongkong and Shanghai Banking Corp. forecast 3.8 percent economic growth for Korea next year, higher than this year’s projected 2.6 percent, as exports are expected to pick up on China’s economic recovery.Frederic Neumann, co-head of Asian Economic Research for HSBC, told reporters here on Friday that the Korean economy faces a “challenging outlook for exports and industrial output” in the last three months of this year, but that economic growth would likely pick up in 2013 as Asia’s fourth-larg
Oct. 19, 2012
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GM Korea hopes to acquire KDB stake
Carmaker reportedly wants to strengthen Korean operations but skeptics suspect plan to ‘cut and run’Industry rumors of GM Korea accosting state-run Korea Development Bank to sell its stake in the carmaker is bringing back old nightmares of what is referred to as a “cut-and-run” scheme. GM Korea is reportedly hoping to buy back its 17.02 percent stake from KDB, which is said to be hemming and hawing over the implications of the sale.Three years ago, Ssangyong Motor Co. ― the nation’s smallest aut
IndustryOct. 19, 2012
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Singles need more money when ill, elderly
Singles, especially those without children, will need to budget more money for healthcare in old age than those who are married, U.S. researchers say. The MetLife Mature Market Institute's monthly Market Trends report said the 2010 Census revealed married couples are 48 percent of U.S. households. Those with children age 18 and younger comprised just 20 percent of households and those with two children were 8 percent. From a planning perspective it is harder to control costs when injured
TechnologyOct. 19, 2012
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Personality is revealed by the body’s position: research
A British news report said a new research found that more than half of people in the U.K. tend to curl up their bodies in a fetal position when they sleep in bed -- which indicates that they are worriers.About 58 percent of people researched sleep with their knees up and heads down, the report said.The second-most common position, 28 percent, was the “log,” which can be associated with people’s rigid personalities, according to body language expert Robert Phipps.Phipps categorized four sleeping
TechnologyOct. 19, 2012
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Study: Dolphins are always half awake
Dolphins can remain alert for two weeks at a time with no sign of fatigue because only half of their brains sleep at a time, U.S. researchers say.Researchers at the National Marine Mammal Foundation in San Diego and colleagues found dolphins can use echolocation with near-perfect accuracy continuously for as long as 15 days, identifying targets and monitoring their environment.The researchers studied two dolphins, one male and one female, and found that they were capable of this task with no sig
TechnologyOct. 19, 2012