Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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GM Korea celebrates 10 years as fastest-growing automaker
Celebrating its 10th anniversary on Wednesday, GM Korea, the local unit of the U.S.-based General Motors Co., claims itself as the world’s fastest growing carmaker. Over the past 10 years, the company’s car sales have surged more than five times from some 280,000 units in 2002 to 2.05 million last year, the nation’s third-largest carmaker said Tuesday. Its accumulative car sales have surpassed 15 million vehicles. During the same period, its revenue has also seen a four-fold growth to reach 15
IndustryOct. 16, 2012
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Chaebol-bashing tops election agenda
Conglomerates worried and indignant about possible reformsThe country’s top three presidential candidates don’t seem to agree on much, but one policy initiative they all seem fixated on is “economic democratization.” Generally speaking, the term indicates a process of leveling out the playing field so that all players, big and small, have an equal chance of success in the economic and financial markets, according to the key people who are configuring the pledges for each presidential camp. The g
Oct. 16, 2012
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Experts call for more support for seed industry
The seed industry, which deals with total science technologies integrating genetic information and scientific expertise, is the link that connects various sectors including the food industry, preventive medicine industry and life science industry, said Kim Byung-dong, honorary professor at Seoul National University. “We should not be satisfied with domestic consumption (in the seed industry) but seek for a bigger development in the sector by grafting life-science technologies to it and making it
IndustryOct. 16, 2012
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Mystery of giant eyeball solved
(UPI)A mystery giant eyeball that washed up on a Florida beach last week most likely came from a large swordfish, scientists say.Cut marks on the eyeball suggest it was cut out of the fish's head at sea by a fisherman who then tossed it overboard, NBC News reported Monday.There had been speculation the eye might have come from a giant squid or even a whale, but officials at the Florida Fish and Wi
TechnologyOct. 16, 2012
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LG Uplus, Google team up for new TV service
South Korean mobile carrier LG Uplus Corp. and U.S. tech giant Google Inc. said Tuesday they plan to launch a new program incorporating the two companies‘ television services.The program, called “u+tv G,” will combine the No. 3 mobile carrier’s existing Internet Protocol (IPTV) service with the Android giant‘s “Google TV” service, the two companies said.By setting up a u+tv G set-top box, users who subscribe to the monthly service will get access to 119 channels as well as Google’s signature fea
TechnologyOct. 16, 2012
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Distant planet found circling with 4 stars
(Haven Giguere/Yale University-UPI)Two U.S. citizen scientists have discovered a planet in a system with four different suns, the first known of its type, U.S. and British astronomers say.The distant planet orbits one pair of stars while a second pair of stars orbits around it, they said.The planet was discovered by two U.S. volunteers using the Planethunters.org website who spotted faint dips in
TechnologyOct. 16, 2012
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You can die of broken heart for real
The death of a spouse is one of the most tragic events in a person’s life, often causing an enormous amount of stress andaffecting even the health of the surviving partner. Other extremely traumatic events, new research finds out, can literally break the heart of an individual. The research, done at the University Clinic of Rostock in Germany, studied how heart-breaking experiences affect the heart conditions of subjects. Distressed patients’ hearts force the body to pour out adrenaline and othe
TechnologyOct. 16, 2012
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Video shows how to check skin for cancer
The American Academy of Dermatology says its new video demonstrates how a U.S. adult can check his or her own skin for skin cancer. Dr. Thomas E. Rohrer, a board-certified dermatologist in Chestnut Hill, Mass., said current estimates show 20 percent of U.S. adults will be diagnosed with skin cancer in their lifetime, so it‘s important to be familiar with your skin, especially moles.“Checking your skin for skin cancer only requires your eyes and a mirror,” Rohrer said in a statement. “Examining y
TechnologyOct. 16, 2012
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‘14th century African king was the richest person of all time’
The wealthiest person ever to have lived is a 14th century king who ruled Malian Empire in Africa, a website claimed.Celebrity Net Worth, a website which keeps track of celebrities’ incomes, estimated the net worth of wealthiest people in history and sorted out the 25 richest people of all time, and found that Mansa Musa I of Mali ranks No.1.The website adjusted the respective wealth of rich people to incorporate the inflation: For example, $100 million in 1913 is equal to $2.3 billion in 2012.
Oct. 16, 2012
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Avoiding sugary drinks helps with weight
BOSTON (UPI) -- Overweight and obese U.S. teens gain less weight when they consume fewer sugary drinks, researchers say.Cara Ebbeling and Dr. David Ludwig of Boston Children‘s Hospital and colleagues said their study involved 224 overweight or obese ninth- and 10th-graders who regularly drank 1.7 sugary beverages a day.The year-long study intervention was designed to reduce consumption of these be
TechnologyOct. 16, 2012
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New Apple Mac Mini may be imminent
Apple may announce a new Mac Mini when it unveils the iPad Mini, and a 13-inch Retina MacBook Pro may also join them, websites are reporting.The new Mac Mini will come in three models, with two differentiated by processor and storage capacity and the third running as an OS X server, 9to5Mac reported.With the Mac Mini not having an upgrade since 2010, it‘s likely the new models with feature the latest-generation Intel Core processors, larger hard drives and faster graphics, Slash Gear said.The Ma
TechnologyOct. 16, 2012
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U.S. retailer sues Seoul gov't over Sunday closure
Costco Wholesale Korea, an affiliate of U.S. retail giant Costco Wholesale Corp., has filed a lawsuit against three of Seoul's autonomous districts, claiming that their ordinance for mandatory Sunday closure and restrictions on operating hours are invalid, judicial officials said Monday.In the lawsuit filed with the Seoul Administrative Court against heads of Seocho-gu, Jungnang-gu and Yeongdeungp
IndustryOct. 16, 2012
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Seoul shares open higher on foreign buying
South Korean stocks started higher on Tuesday as foreign investors scooped up local shares, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) increased 0.73 percent, or 14.13 points, to 1939.72 in the first 15 minutes of trading.Shares gathered ground across the board, with market bellwether Samsung Electronics rising 1.31 percent and flat panel giant LG Display gaining 2.59 pe
Oct. 16, 2012
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US duo win Nobel Economics Prize
STOCKHOLM (AP)-- Americans Alvin Roth and Lloyd Shapley were awarded the Nobel economics prize on Monday for research that helps explain the market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients.The Royal Swedish Academy of Sciences cited the two economists for ``the theory of stable allocations and the practice of market
Oct. 15, 2012
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AMCHAM launches new innovation council
The American Chamber of Commerce in Korea announced on Monday the launch of a new council, which will focus on promoting innovation in both U.S and Korean companies, ahead of its 60th anniversary next year. The AMCHAM Council on Innovation for the Future was established to strengthen the already-strong economic ties by encouraging sharing of innovation expertise and expanding strategic partnerships between U.S. and Korean companies, said AMCHAM officials. “Both U.S. and Korea are leaders in inno
IndustryOct. 15, 2012
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Crisis theory looming over Korean economy
Coming election may hamper countermeasures against eurozone crisisThe overall economy could face severe difficulties in the coming months due to a combination of uncertainties at home and abroad, according to projections by some local economists.They forecast that the government would fall short of being able to effectively cope with the worsening debt crisis in Southern European countries, mainly because Korea has to cope with election season and a new president. “For Korea, it would not be eas
Oct. 15, 2012
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Lotte, Orion in Russian choco pie showdown
A time-old rivalry between snack giants Orion and Lotte over a popular chocolate-and-vanilla snack is being rekindled in the overseas markets, most recently in Russia where a copycat version is threatening the original. In 1974, Orion was the first in Korea to launch the choco pie, which is a small round chocolate-flavored snack with a marshmallow center. Five years later, the Lotte choco pie made its debut. The latter was obviously a copycat product, although Lotte begs to differ. Orion was not
IndustryOct. 15, 2012
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Offshore money laundering soars
Korea Customs Service said Monday that it unearthed 52 cases of illegal money laundering by Koreans in foreign countries from January to August whose combined amount reached 187.7 billion won.According to a report by KCS sent to the National Assembly, the agency detected 33 cases worth 33.5 billion won in 2009 and 44 cases worth 92.4 billion won in 2010.This year, most money laundering by Koreans was done in the United States, which accounted for 157.5 billion won of the total.(From news reports
Oct. 15, 2012
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Korean researchers find gene linked to Alzheimer’s
Korea researchers said they have identified a gene that produces neurotoxic components in Alzheimer’s disease, in a step forward to finding a cure for the degenerative brain disease. The state-run Korea National Institute of Health said on Monday that a team led by Dr. Koh Young-ho at its biomedical science division found small ubiquitin-related modifier (SUMO) 1 protein.The team found in lab testing with mice that SUMO1 integrates with BACE1, a key enzyme which accelerates the production and de
TechnologyOct. 15, 2012
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World Bank to open Seoul office next year
The World Bank said Monday that it will open its office in South Korea next year in order to deepen joint efforts between the two sides in finding development solutions for emerging countries.The Seoul government also agreed to launch a $90 million fund with the global lender to step up cooperation in supporting emerging countries for their development, according to heads of the two sides.The “Korea-World Bank Partnership Facility” will support a broad range of economic development opportunities
Oct. 15, 2012