Most Popular
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Yoon's approval rating plunges to all-time low
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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S. Korea votes in favor of Palestinian bid for UN membership
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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Lee talks phone strategies, more money in Vietnam
Samsung Electronics chairman Lee Kun-hee met Vietnamese Deputy Prime Minister Hoang Trung Hai in Hanoi on Friday to discuss ways to expand the Korean company’s investment in that country, company sources said.Lee has also called in all his confidantes — Lee Jay-yong, his son and president of Samsung Electronics; Shin Jong-kyun, the company’s mobile chief; and Choi Gee-sung, head of Samsung Group’s corporate strategy office — for the three-day trip. The executive meeting will focus on Samsung’s
IndustryOct. 12, 2012
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Hanwha Life Insurance buys office building in London
South Korea’s Hanwha Life Insurance Co. has purchased a premium office building in London in an effort to beef up its return from asset management, industry sources said Friday.Hanwha Life Insurance acquired the Wood Street headquarters building of international law firm Eversheds in London’s financial district for 250 billion won ($224 million) in August, according to the sources.“We will try to minimize investment risks by purchasing properties overseas for lease and seek stable investment ret
Oct. 12, 2012
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Foreigners-only duty-free shops plan scrapped
The government’s plan to open foreigners-only duty-free shops across the nation was aborted in the face of opposition from a government regulation committee, officials said on Friday.The committee expressed opposition to the plan based on the potential for discrimination against Korean nationals and concerns about future earnings.The Korea Customs Service had pushed for the project designed to serve foreigners in cities instead of at airports or harbors, for the convenience of the rising number
IndustryOct. 12, 2012
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Shares flat despite upbeat U.S. jobs data
South Korean stocks closed almost unchanged on Friday as investor sentiment remained tepid despite an improvement in U.S. jobs data, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index inched up 0.17 points, or 0.01 percent, to 1,933.26, snapping a four-session losing streak. Trading volume was moderate at 390.4 million shares worth 3.72 trillion won ($3.35 billion), with gainers outnumbering decliners 448 to 371. “There were some opti
Oct. 12, 2012
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Incheon Airport accused of favoring Louis Vuitton
A lawmaker said Friday the state-run Incheon International Airport spent 18.7 million won ($16,840) on a customer survey exclusively for the French fashion house Louis Vuitton, which opened its first duty-free shop last year at the nation’s main gateway. According to Rep. Shim Jae-cheol of the ruling Saenuri Party, Incheon Airport questioned 500 Korean, Chinese and Japanese passengers using the Louis Vuitton store in November and December on their favorite item, purpose of purchase and service s
IndustryOct. 12, 2012
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Samsung gains more ground in patent battle with Apple
With sales ban lifted on Galaxy Tab 10.1, Galaxy Nexus follows trackSamsung Electronics is gaining more strength in its global patent battle with Apple Inc., winning a bid to continue selling the Galaxy Nexus smartphone in the U.S. market.The U.S. Court of Appeals for the Federal Circuit on Thursday granted Samsung’s request to lift a lower court’s ban on sales of its Galaxy Nexus.With a feature in the handset that assists data searches becoming the center of controversy, the appeals court said
IndustryOct. 12, 2012
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Brain scan can predict reading skills
Brain scans can predict children‘s reading ability and the finding may eventually influence the way pre-elementary children learn to read, U.S. researchers say.Scientists at Stanford University scanned the brain anatomy of 39 children once a year for three consecutive years. The students then took standardized tests to gauge their cognitive, language and reading skills.In each case the rate of dev
TechnologyOct. 12, 2012
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Distant planet may be mostly diamond
llustration of the interior of 55 Cancri e — an extremely hot planet with a surface of mostly graphite surrounding a thick layer of diamond, below which is a layer of silicon-based minerals and a molten iron core at the center. (Haven Giguere)A rocky planet twice Earth's size orbiting a nearby star in our Milky Way galaxy is partly made of diamond, U.S. astronomers say.Scientists at Yale Universit
TechnologyOct. 12, 2012
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Survey: 30 percent have faked being sick
The Chicago website CareerBuilder said its annual survey indicates 30 percent of workers have played hooky from work in the past year.The online survey of 3,976 U.S. workers and 2,494 hiring managers and human resources professionals, conducted on behalf of CareerBuilder by Harris Interactive, found 30 percent of respondents admitted calling in sick without an actual illness, while 31 percent of e
IndustryOct. 12, 2012
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Samsung unveils Galaxy S3 mini
Samsung Electronics Co., the world's top smartphone maker, on Friday unveiled its Galaxy S3 mini phone, a compact version of the flagship Galaxy S3 device, to cater to consumers looking for a practical option. The 4-inch smartphone is powered by Jelly Bean, the latest version of the Android operating system, and runs on a dual-core processor, Samsung said in a press release, noting the device is
TechnologyOct. 12, 2012
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Seoul shares open lower on U.S. losses
South Korean stocks got off to a weak start Friday following overnight losses on Wall Street as investors remained jittery over the global economic slowdown, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 0.90 points, or 0.05 percent, to trade at 1,932.19 in the first 15 minutes of trading.Market bellwether Samsung Electronics fell 0.38 percent, and top carmaker Hyundai
Oct. 12, 2012
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NASA releases dramatic nebula images
The first systematic survey of planetary nebulas in our cosmic neighborhood has produced a galley of striking images of distant dying stars, NASA says.Images of four planetary nebulas have been released from the first survey of such objects made with NASA‘s orbiting Chandra X-ray Observatory.They are part of a survey of 21 planetary nebulas within about 5,000 light years of the Earth, the Smithsonian Astrophysical Observatory in Cambridge, Mass., reported Thursday.The observatory controls Chandr
TechnologyOct. 12, 2012
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Chimps said attacking humans in Africa
Habitat loss may be the cause of some violent attacks by chimpanzees on humans in the war-torn eastern Democratic Republic of the Congo, scientists say.At least one person, a child, has been killed in recent months in a chimpanzee attack just south of Virunga National Park in the area around the city of Goma, park officials said.The park lies on the border between the DRC, Uganda and Rwanda.A woman attempted to scare the chimp away to protect the child but the chimp reacted aggressively, said Al
TechnologyOct. 12, 2012
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U.S. appeals court allows sales of Samsung's smartphones
A U.S. appeals court on Thursday allowed Samsung Electronics Co. to continue selling its new smartpones in the U.S. market, reversing an injunction by a district court.The ruling by the U.S. Court of Appeals for the Federal Circuit is part of complicated patent lawsuits between the South Korean electronics giant and Apple Inc.Apple has accused Samsung of having copied some features of its products
TechnologyOct. 12, 2012
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BOK lowers interest rate to 2.75 percent
Central bank cuts 2012 growth outlook to 2.4%Korea’s central bank cut the nation’s economic growth forecast for this year to 2.4 percent and slashed its key interest rate to 2.75 percent, as exports and consumption showed no signs of recovery.The Bank of Korea’s monetary policy committee announced on Thursday it decided to cut the key interest rate by 0.25 percentage point after freezing it at 3 percent for two consecutive months. The last time the nation’s key interest rate was in the 2-percent
Oct. 11, 2012
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Fibromyalgia
Fibromyalgia commonly occurs in adult women aged between 20 and 60 years old. There are broad areas of the body that are painful and there is chronic pain in the musculoskeletal pain. Patients often complain of fatigue, sleep disturbance and sub-chronic spasticity, irritable bowel syndrome, edema, poor circulation in the fingers or extremities, anxiety and depression and loss of function. An important characteristic of the pain is pressure pain, which occurs when a certain part of the body is pr
TechnologyOct. 11, 2012
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Breast cancer quadruples in 15 years
Number of patients in their 50s and 60s has sharply increasedThe number of Korean women diagnosed with breast cancer quadrupled over the last 15 years due to a more westernized lifestyle and lower birth and breastfeeding rates, health experts said. According to a report by the Korea Breast Cancer Society, the number of patients with the disease surged to 16,398 in 2010 from 3,801 in 1996. The number of breast cancer patients in the population per 100,000 people also jumped to 67.2 in 2010 from 1
TechnologyOct. 11, 2012
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Galaxy Note 10.1 beats new iPad in sales
Daily sales of Samsung Electronics Co.’s Galaxy Note 10.1 tablet in South Korea are estimated to have surpassed those of rival Apple Inc.’s new iPad sales, sources said Thursday.Sales of the Galaxy Note 10.1 came to a daily average of 1,800 units so far since the launch of the gadget in mid-August, putting its combined domestic sales at over 100,000 units, according to the sources. Apple’s total sales of the new iPad, which was locally released in April, likely topped those of the Galaxy Note 10
IndustryOct. 11, 2012
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Woongjin, creditors in discord on sale of water purifier
Woongjin Group appears to be at odds with its creditors over the sale of Woongjin Coway Co., a leading local water purifier maker that serves as a cash cow for the mid-size ailing conglomerate, industry sources said Thursday. Woongjin Holdings, the parent company of Woongjin Coway, pushed for the sale of its 30.9 percent stake, or 21.88 million shares, in the purifier unit to MBK Partners Ltd., a leading local private equity fund, for 1.2 trillion won ($1 billion).The stake sale, however, was su
IndustryOct. 11, 2012
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Producer price growth hits 4-month high in Sept.
South Korea’s producer prices grew at the fastest pace in four months in September mainly because costs of agricultural products shot up due to typhoons, the central bank said Thursday.The producer price index, a barometer of future consumer inflation, rose 1 percent in September from a year earlier, accelerating from the 0.3 percent on-year gain in August, according to the Bank of Korea.The September figures marked the fastest expansion since May when producer prices rose 1.9 percent on-year.Th
IndustryOct. 11, 2012