Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Deepest-ever view of universe in new image
MUNICH, Germany (UPI) -- Ten years of images from the Hubble space telescope have been combined for the best, deepest-ever view of the universe, U.S. and European astronomers say.The photo, assembled by combining a decade of NASA/European Space Agency Hubble observations of a patch of sky within the original Hubble Ultra Deep Field, has been dubbed eXtreme Deep Field or XDF, the Hubble European Sp
TechnologySept. 27, 2012
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Protection of 'digital afterlives' needed?
Federal laws are needed to regulate social networking sites to give users the right to determine what happens to their "digital afterlives," a U.S. expert says.Jason Mazzone, a University of Illinois expert in intellectual property law, says allowing social networking sites to set policy regarding the content of accounts of deceased users does not adequately protect individual and collective inter
TechnologySept. 27, 2012
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New comet is on path toward sun
(MCT)A new comet discovered by Russian skywatchers could be one of the brightest objects in the sky when it approaches Earth next year, astronomers say.Presently appearing as just a tiny dot in the sky beyond Jupiter, the comet was discovered Sept. 21 by Vitali Nevski and Artyom Novichonok of the International Scientific Optical Network in Russia and confirmed Tuesday by the International Astronom
TechnologySept. 27, 2012
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5,000-year-old tree unearthed in Britain
The trunk of a giant oak tree unearthed from a field in Britain may be more than 5,000 years old, forestry experts say.They called the 44-foot Norfolk bog oak “the largest-ever intact 5,000-year-old sub-fossilized trunk of an ancient giant oak,” but said they believe it could be just a section, possibly just a quarter, of the original tree.Until about 7,000 years ago the East Anglia fenland basin, a naturally marshy region in eastern England, was densely forested by gigantic oak trees. That chan
TechnologySept. 27, 2012
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Kukdong files for court receivership
Kukdong Engineering & Construction on Wednesday filed for court receivership. The 65-year-old firm, an affiliate of Woongjin Group, announced its insolvency on Tuesday. It is the second time the firm has filed for court receivership, having previously applied in 1998. The firm, which ranks 38th in the construction field, had led the country’s advance into the Middle East market in the late 1970s a
IndustrySept. 26, 2012
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Samsung gathers ammunition for new trial
Firm alleges ‘juror misconduct’ to see Apple verdict thrown outSamsung Electronics appeared to be busy gathering ammunition to overturn a recent billion-dollar verdict from a U.S. federal court that Samsung “willfully” infringed Apple’s software patents. “Juror misconduct” is the latest argument from the Suwon-based electronics maker, which alleges that the foreman of the nine-member panel which deliberated on the high-stakes patent battle with Apple failed to reveal his previous involvement in
IndustrySept. 26, 2012
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KEB gets in sharing spirit for Chuseok
CEO delivers gift and certificates to children’s social welfare institutionThe following is the eighth in a series of articles featuring companies’ social contribution activities. ― Ed.Korea Exchange Bank is sharing more with those in need in time for Chuseok, the Korean thanksgiving holiday, the bank said on Wednesday. KEB is holding the KEB 2012 Chuseok Holiday Love Sharing Campaign from Sept. 19-28. The event has been held twice a year ― on Seollal (Lunar New Year) and Chuseok ― by KEB Founda
Sept. 26, 2012
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S-Oil supports knowledge transfer to developing world
S-Oil Science Prodigy and Culture Foundation has decided to support “International Knowledge Donation Program,” the oil company said Tuesday. The program is organized as an extension of “Encore Korea Project,” a project for transferring overseas the on-site experience and knowledge of retired Korean veteran scientists and technologists to developing countries. Founded in 2011, the non-profit foundation has donated about 300 million won ($270,000) so far to the Korea Technology and Research Insti
Sept. 26, 2012
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Daewoo E&C wins $92m deal in Singapore
Daewoo Engineering & Construction Co. said Wednesday it has won a $92 million contract to build a condominium in Singapore.The deal calls for South Korea’s third-largest builder to construct the condominium that can be used for both residences and offices in downtown in the city state.Construction of the building will be completed 33 months after work begins next month, Daewoo E&C said.The latest order came a day after Daewoo E&C announced a US$180 million contract to build an exhibition center
Sept. 26, 2012
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Mando’s Chinese holding firm eyes Hong Kong listing
HONG KONG (Yonhap News) ― South Korean auto parts manufacturer Mando Corp. plans to list its Chinese holding firm on the Hong Kong stock market, as part of its efforts to boost its presence in China, company officials said Wednesday.The date for an initial public offering of Mando China Holdings Ltd. has yet to be decided, the Mando officials said. Mando, an affiliate of South Korea’s Halla Group, is the second-largest auto parts maker in South Korea, following Hyundai Mobis Co., an affiliate of
Sept. 26, 2012
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Foreign ownership of Korean land rises in Q2
The amount of land here owned by foreigners rose in the second quarter, largely on purchases of forestry and arable lands, the government said Wednesday.The amount of South Korean land owned by foreign entities, including foreign-invested companies, came to 224.71 square kilometers as of the end of June, up 0.9 percent from the previous quarter, according to the Ministry of Land, Transport and Maritime Affairs.The amount represents only 0.2 percent of the country’s total area.The number of real
Sept. 26, 2012
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Shares dip on Spain woes
South Korean stocks fell 0.55 percent Wednesday as concern over the future of Spanish bailout negotiations sapped investor confidence, analysts said. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index retreated 10.97 points to close at 1,980.44. Trading volume was heavy at 1.19 billion shares worth 4.76 trillion won ($4.25 billion) with decliners outstripping gainers 547 to 277. The trading volume was the largest since Sept. 14, as a swarm of
Sept. 26, 2012
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Korean tobacco farmers protest regulations in Manila
Korean tobacco farmers joined a worldwide anti-regulation protest Tuesday in Manila, the Philippines, voicing opposition to measures to curb tobacco farming expected to be announced at a tobacco control convention in Seoul in November. Titled “Save Our Farms” and led by the International Tobacco Growers Association, the global protest reflects millions of Asian tobacco growers’ fears of having their livelihoods destroyed upon the implementation of a series of “radical guidelines,” the Korea Toba
Sept. 26, 2012
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Korean Air signs deal to repair U.S. F-16 fighters
Korea’s leading flag carrier Korean Air said Wednesday that it has signed a contract with the U.S. Air Force in the Asia Pacific region over repair work on F-16 fighters to improve combat capability. The 35 billion won ($31 million) project includes stealth coating, inspection of wings and restoration and replacement of major parts of F-16 fighter jets from October until 2018. The company declined to comment on the number of fighters that it would repair, calling it a trade secret. Korean Air sa
IndustrySept. 26, 2012
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Samsung’s heir apparent off to U.S., Mexico
Lee Jay-yong is scheduled to meet Mexico’s billionaire Carlos SlimSamsung heir apparent Lee Jay-yong left for North America on Wednesday for talks with leaders of major global mobile carriers including billionaire Carlos Slim in Mexico.Lee, the chief operating officer of Samsung’s flagship unit Samsung Electronics, will be meeting with U.S. telecommunications officials and visit its overseas office on his business trip during the Chuseok holiday.During the meetings, he will most likely discuss m
IndustrySept. 26, 2012
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LG chief calls for market dominance
Chairman Koo vows to replace CEOs when businesses lag behind competitorsLG Group chairman Koo Bon-moo called for efforts by CEOs of companies within the conglomerate to dominate markets at home and abroad, indicating that he would replace those who fail to attain the goal.The tycoon unveiled his personnel policy during a meeting of chief executives of the group’s subsidiaries, held at the headquarters in Yeouido, Seoul, on Wednesday.“Though we’ve grappled to take the lead in the market over the
IndustrySept. 26, 2012
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Apple choice of thin display seen driving iPhone 5 shortage
Apple Inc.’s decision to create a smartphone that boasts a thinner, lighter touch screen contributed to the component shortfall that caused demand to outstrip supply of the iPhone on its debut weekend.With the latest version of the iPhone, Apple is for the first time using so-called in-cell screen technology, which combines the display and the touch sensor into a single part. The components are made by LG Display Co. and Japan Display Inc.Apple used the technology in the first major iPhone overh
TechnologySept. 26, 2012
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Samsung on verge of winning German court battle with Apple
BERLIN (DPA) ― Samsung Electronics was on the verge of winning a court battle in Germany against Apple, a judge indicated Tuesday, as the tech giants engage in a global dispute over patents for mobile devices.The judge is considering a case in which Apple alleges that five Samsung tablet products from their Galaxy range imitate the look and feel of Apple’s iPad.Judge Johanna Brueckner-Hofmann did not issue a verdict, but said she was not convinced that consumers would mistake the Samsung product
TechnologySept. 26, 2012
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Shinhan Financial Group aims to build up consumer trust
Lender announces plans to improve loan procedures, interest rate systemShinhan Financial Group announced on Thursday plans to build up public trust as well as protect the financial market from external variances and support economy recovery. It follows the meeting between Financial Services Commission chairman Kim Seok-dong and six financial group heads in August to discuss banking groups’ roles in social contributions. Shinhan said in a press release that it will launch a special team that will
Sept. 26, 2012
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Smartphone race is on
Samsung Electronics launches new Galaxy Note 2 in KoreaThe launch of Samsung Electronics’ latest digital gadget Galaxy Note 2 on Wednesday is driving fierce competition in Korea’s high-end smartphone market.Samsung announced that it rolled out the new 5.5-inch quad-core smartphone, running on the fourth-generation Long Term Evolution networks, for the first time in Korea through the nation’s three mobile carriers.The launch takes place shortly after its other two competitors ― LG Electronics and
TechnologySept. 26, 2012