Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Electronics firms go ‘mini’
Critics raise concerns over strategy of making devices in several sizesWith the rising trend of bigger is better, are wireless gadgets getting too big for the global consumer market?That is the question that comes to mind as major electronics makers push mini versions of their already-released wireless gadgets.Samsung Electronics unveiled the Galaxy S3 mini at an event in Germany last week.The 4-inch Galaxy S3 mini is 0.8 of an inch smaller than the firm’s flagship smartphone Galaxy S3 but has t
TechnologyOct. 17, 2012
-
Secrets of mysterious asteroids plumbed
(NASA)U.S. scientists say they have uncovered new clues in the ongoing mystery of the Jovian Trojans -- asteroids that orbit the sun on the same path as Jupiter.The asteroids are unusual in that they travel in packs, with one group leading the way along the orbit in front of the gas giant planet, with a second group trailing behind.Data from NASA's Wide-field Infrared Survey Explorer has revealed
TechnologyOct. 17, 2012
-
Health authorities confirm first West Nile virus infection
South Korean health authorities confirmed Wednesday the country's first West Nile virus case involving a patient who contracted the disease while traveling in Africa.According to the Korea Centers for Disease Control and Prevention (KCDC), the patient, whose identity was withheld for privacy reasons, traveled to Guinea from January to June and returned to the country after developing symptoms of W
TechnologyOct. 17, 2012
-
‘Predator X’ not as fearsome as thought
A monstrous prehistoric marine reptile that had been hailed as one of the biggest and most fearsome creatures ever is smaller than expected, Norwegian scientists said.Paleontologists Espen Knutsen, Patrick Druckenmiller and Jørn Hurum from the University of Olso discovered the remains of two big pliosaurs -- marine reptiles from the Jurassic and Cretaceous period with short-necks and large jaws -- between 2004 and 2012 on the Arctic island of Svalbard.The specimen, dubbed “Predator X” and “The M
TechnologyOct. 17, 2012
-
LG Display unveils 84-inch panel for electronic chalkboard
LG Display Co., the world‘s No. 2 display maker, introduced an 84-inch ultra definition (UD) panel for an electronic chalkboard on Wednesday as part of its moves to jump-start growth in the burgeoning market.The market for electronic chalkboards, which enable schools and businesses to share and utilize multimedia contents in addition to existing analog features, is expected to grow to 1.05 million units next year.LG’s 84-inch UD panel, which the company claimed is the largest in the world, is 3.
IndustryOct. 17, 2012
-
Korean cigarettes said to contain addictive substances
Cigarettes produced by South Korean manufacturers may contain substances that make people become addicted to them more and faster, a report showed Wednesday, suggesting a possible change of tactics in future damage suits against tobacco companies.So far there have been three damage suits filed against South Korea’s tobacco manufacturers, but none were ruled in favor of the customers or plaintiffs.
TechnologyOct. 17, 2012
-
Flip-flop of Earth‘s magnetic field probed
Some 41,000 years ago a complete reversal of the Earth’s magnetic field occurred and compass needles would have pointed south not north, German scientists say.Researchers at the Helmholtz Center Potsdam -- GFZ German Research Center for Geosciences report the most remarkable feature of the phenomenon was the speed of the reversal.“The field geometry of reversed polarity, with field lines pointing into the opposite direction when compared to today‘s configuration, lasted for only about 440 years
TechnologyOct. 17, 2012
-
Carmakers see exports worsen amid eurozone woes
Sales of foreign-made autos offset fall in exports for Hyundai-KiaFollowing the prolonged slump in car sales at home, five major automakers here saw their exports continue to decline over the past few months on a year-on-year basis.According to the Korea Automobile Manufacturers Association, exports of these five companies ― Hyundai Motor, Kia Motors, GM Korea, Renault Samsung Motors and Ssangyong Motor ― collectively stood at 232,025 units in September, down 7.2 percent from a year earlier.Thei
IndustryOct. 16, 2012
-
Korea’s rice production continues to shrink
South Korea’s rice production is expected to decline 3.5 percent this year due to typhoons that devastated farmland across the country, the government said.According to projections by Statistics Korea, South Korea’s rice production will amount to 4.07 million tons this year compared with last year’s 4.22 million tons, becoming the lowest since 1980 when rice production plunged to 3.55 million tons affected by relatively cold weather conditions during the growing season.Arable rice paddies fell 0
Oct. 16, 2012
-
Scientists develop new stem cell tech
Korean scientists reported a breakthrough technology that can more efficiently and safely reprogram adult cells to an embryo-like state, where they can grow into organs. The two research teams led by professor Park Se-pill at Jeju National University Stem Cell Research Center and Mirae Biotech succeeded in generating induced pluripotent stem cells using non-viral vectors of nanoparticles and liposomal magnetofection. Non-viral vectors usually consist of DNA that can be delivered to a target cell
TechnologyOct. 16, 2012
-
Shipbuilders’ global dominance weakens in 2012
Orders for new ships won by South Korean shipbuilders have plunged over 50 percent from a year earlier so far this year though the country continues to maintain its dominance in the global ship market, the government said Tuesday.In the first nine months of the year, South Korean shipbuilders reaped orders for 5.2 million compensated gross tons, worth $18.9 billion, according to the Ministry of Knowledge Economy.The figures for total weight and monetary value dropped 58.6 percent and 56.9 percen
Oct. 16, 2012
-
No. of Samsung Electronics’ foreign workers tops 1,000
Foreign employees at Samsung Electronics Co., the world’s biggest maker of smartphones, memory chips and flat-panel televisions, totaled more than 1,000, industry watchers said Tuesday.The figure is almost twice the roughly 600 foreign headcount from early 2009, mirroring the company’s growing presence in the global job market, they said.The increase is also in line with Samsung’s heightened brand value. The company is ranked the world’s ninth best global brand with its brand value coming to $32
IndustryOct. 16, 2012
-
Banks’ foreign-currency deposits hit high in Sept.
Foreign currency deposits at South Korean banks rose to a fresh high in September on gains in the trade surplus and a rise in corporate sales of overseas bonds, the central bank said Tuesday.Outstanding foreign currency-denominated deposits held by local residents reached a record $39.26 billion as of the end of September, up $3.43 billion from the previous month, according to the Bank of Korea.Residents includes individual citizens and firms but does not cover foreign nationals with residency s
Oct. 16, 2012
-
Inter-affiliate trading grows among conglomerates
Transactions among affiliates of large business groups in South Korea have increased over the past year with one in five firms making over 70 percent of their sales with sister firms, a report showed Tuesday.According to the report by Chaebol.com, which tracks the country’s conglomerates, 211 or 18.1 percent of 1,165 firms affiliated with the country’s top 30 business groups had over 70 percent of their sales with their sister companies last year.The figure is up from 190 and 11.1 percent a year
IndustryOct. 16, 2012
-
Shares up 0.83% on upbeat data
South Korean stocks rose 0.83 percent on Tuesday as investor sentiment got a boost from upbeat China and U.S. economic data as well as overnight gains on Wall Street, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 15.95 points to 1,941.54. Trading volume was moderate at 516.9 million shares worth 3.64 trillion won ($3.29 billion), with gainers outnumbering decliners 470 to 340.“It was mostly external factors, such as slowi
Oct. 16, 2012
-
Eximbank backs projects to support Tanzania, Uganda
The Export-Import Bank of Korea said Tuesday it agreed to provide $50 million for an irrigation project in Tanzania and $26.8 million for a vocational training program in Uganda as part of its efforts to support African economies.Eximbank chief executive Kim Yong-hwan inked the agreements with finance ministers William Mgimwa of Tanzania and Maria Kiwanuka of Uganda on the sidelines of a biennial ministerial meeting for economic cooperation between Korea and Africa.The four-day Korea Africa Econ
Oct. 16, 2012
-
Shinsegae buys Central City in Gangnam
Shinsegae Group said Tuesday that it will acquire a controlling stake in Central City, the landlord of its department store’s outlet in Gangnam, southern Seoul, in a bid to fend off competition from rival retailers.Shinsegae, which recently sold off its Incheon outlet to Lotte Department Store, said it will buy a 60-percent stake worth over 1 trillion won ($903 billion) in Central City from four Malaysia-based investment companies owned by a foundation of the Unification Church.Spanning over 59,
IndustryOct. 16, 2012
-
Korean food hits Tesco shelves in U.K.
Twelve Tesco outlets in Britain will begin regular sales of Korean-made food products such as bulgogi sauce, a pomegranate-flavored health drink that contains vinegar, chocolate-dipped snacks called Pepero, soy sauce, ramyeon and soju on Thursday. Forty-nine food items from 19 Korean companies, chosen from a wider range of products that were temporarily displayed at a Tesco store in London, have earned regular spots on the shelves of 11 more stores thanks to the excellent consumer response, Home
IndustryOct. 16, 2012
-
Ex-officials head 30% of public firms
Only 17.5 percent hired from within companyThree out of 10 heads of institutions run by government agencies were found to be former officials of those same agencies.Among 286 public companies run by some 30 ministries and other state-run agencies, 82 executives were found to have, at one point, worked for one of the ministries or agencies, according to Alio, a website compiling management information on publicly run firms on Tuesday. These former officials accounted for almost 30 percent of the
IndustryOct. 16, 2012
-
AIPPI to open 2012 congress in Seoul
The International Association for the Protection of Intellectual Property (AIPPI) said on Tuesday it will hold its 43rd annual congress in COEX, Seoul, between Oct. 20-23.“The World Intellectual Property Congress is one of the biggest intellectual property events in the world. In the upcoming Seoul congress, around 2,000 intellectual property professionals from over 80 countries are expected to attend,’’ AIPPI Korea, the organizer of the 2012 Congress, said in a statement. High-ranking officials
Oct. 16, 2012