Most Popular
-
1
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
2
Contentious grain bill put directly to plenary meeting for vote
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Yoon's approval rating plunges to all-time low
-
6
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
7
[Today’s K-pop] BTS pop-up event to come to Seoul
-
8
[Graphic News] More Koreans say they plan long-distance trips this year
-
9
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
10
North Korea removes streetlights along cross-border roads with South
-
New stem-cell treatment saves many lives
Petcharat Pokrang says it is a miracle that her 7-year-old son Palwawat, or “Ton Kla,” survived after being diagnosed with severe aplastic anaemia ― a condition in which bone marrow fails to produce sufficient new blood cells ― in April last year. Doctors in Saraburi told her the boy would not survive without a bone-marrow transplant, which costs up to 1 million baht ($32,400). Petcharat could not afford it. But as the boy’s condition worsened ― the whites of his eyes turned red and he experienc
TechnologySept. 24, 2012
-
Cell scientist pushes to clone extinct mammoth
A South Korean private bioengineering laboratory led by disgraced stem cell scientist Hwang Woo-suk said Monday it is stepping up efforts to make progress in cloning an extinct woolly mammoth.To that end, the Sooam Biotech Research Foundation signed an agreement Sunday with Russia’s North-Eastern Federal University that gives the foundation the exclusive right to study the mammoth remains found in northwestern Siberia, according to lab officials. The agreement came six months after both parties
TechnologySept. 24, 2012
-
Kumho Asiana chief named honorary citizen in China
Kumho Asiana Group chairman Park Sam-koo was conferred honorary citizenship by authorities in Nanjing, China, for his contribution to development of the region.Park has been evaluated as one of the key business leaders, who have pushed ahead with bilateral economic cooperation between Korea and China.Kumho Tire’s Nanjing plant, set up in 1994 as a joint venture with a Chinese tire manufacturer, currently produces 5 million tires every year, accounting for 14 percent of the world’s fastest-growin
IndustrySept. 24, 2012
-
SK Communications begins merger talks with Kakao Talk
SK Communications Co., South Korea‘s third-largest Internet portal service provider, is in an early stage of merger talks with the developer of South Korea’s most prominent social network service, sources said Monday.SK Communications, which operates Cyworld, once South Korea‘s most prominent social networking service, is seeking to merge with Kakao Corp. that operates a namesake mobile messenger service, several financial sources in Hong Kong confirmed.The move could possibly lead to the format
TechnologySept. 24, 2012
-
Korean researcher pushes to clone extinct mammoth
(123rf)A Korean private bioengineering laboratory led by disgraced stem cell scientist Hwang Woo-suk said Monday it is stepping up efforts to make progress in cloning an extinct woolly mammoth.To that end, the Sooam Biotech Research Foundation signed an agreement Sunday with Russia's North-Eastern Federal University that gives the foundation the exclusive right to study the mammoth remains found i
TechnologySept. 24, 2012
-
Pacifiers may stunt boys emotionally
U.S. researchers for the first time have linked heavy pacifier use among baby boys to poorer emotional maturity through to adulthood.Lead author Paula Niedenthal, a psychology professor at the University of Wisconsin-Madison, said a baby with a pacifier in its mouth is less able to mirror expressions -- a child‘s first communication.The researchers found 6- and 7-year-old boys who had spent more time with pacifiers in their mouths when younger were less likely to mimic the emotional expressions
TechnologySept. 24, 2012
-
Top 30 conglomerates‘ annual salary stands at 63 mln won
Employees of South Korea’s leading 30 conglomerates earned an average of 63 million won last year, with Hyundai Motor Group workers topping the list, data showed Monday. Hyundai Motor Group, the nation‘s second-largest chaebol by asset, eclipsed others with 84 million won, according to the data by corporate information tracker Chaebol.com., which analyzed the annual income of under-department manager-level employees at 193 listed affiliates of the conglomerates,Hyundai Heavy Industries Group cam
IndustrySept. 24, 2012
-
New NASA photo satellite joins mission
SIOUX FALLS, South Dakota (AP) ― A fleet of picture-snapping NASA satellites that for 40 years has documented forest fires, tsunamis and everyday changes in the Earth’s geography will soon get a new member.With Landsat 8 set for a February launch, nearly 140 scientists and engineers from more than 25 countries are scheduled to gather in South Dakota next week to discuss how to best download, process and distribute the millions of data-rich images used in agriculture, education, business and gove
TechnologySept. 23, 2012
-
Foundation to lead nanotech commercialization
The Ministry of Education, Science and Technology and the Ministry of Knowledge Economy launched the Nano-convergence Foundation on Tuesday.The foundation, led by former chief of Korea Institute of Science and Technology’s Institute for Multidisciplinary Convergence of Materials Park Jong-ku, will oversee the nano-convergence 2020 program.The foundation’s responsibilities will include planning, assessing and managing the 2020 program, carrying out studies on the demand and outlook for related te
TechnologySept. 23, 2012
-
Healing from within
Local research team overcomes limitations in cancer immunotherapyA local research team has succeeded in developing a new method for treating cancer using materials found naturally in the human body.Advances in the medical sciences over the years have given rise to radiotherapy and to numerous different chemicals for treating cancer.While such methods have dramatically increased the chance of survival for cancer patients, medical professionals have been searching for alternatives due to the sever
TechnologySept. 23, 2012
-
Gas prices soar 2.3-fold in 14 years
The price of gasoline sold in South Korea has more than doubled since 1997 when the country lifted restrictions on oil prices, industry data showed Sunday.According to the data compiled by the Korea National Oil Corp., the gasoline price at the pump averaged 1,929 won ($1.73) per liter last year, up 130 percent from 838 won in 1997.The price of diesel also skyrocketed over the cited period. A liter of diesel oil was 376 won in 1997 but jumped 364 percent to 1,745 won in 2011.The KNOC data showed
IndustrySept. 23, 2012
-
Private think tank cuts Korea’s growth estimate
South Korea’s economic growth rate for 2012 is expected to slow to 2.5 percent from an earlier estimate of 3 percent due to a global economic slowdown, a private think tank said Sunday.The growth projection by the LG Economic Research Institute is much lower than the government’s 3.3 percent estimate. The central Bank of Korea expects the economy to expand 3 percent this year.The LGERI also said the South Korean economy, Asia’s fourth-largest, will likely expand 3.3 percent next year without ent
IndustrySept. 23, 2012
-
Makgeolli exports shrink 22.4%
Overseas shipments of South Korea’s traditional rice wine, makgeolli, shrank sharply in the first eight months of the year in the midst of a deepening global slowdown, customs data showed Sunday.According to the data by the Korea Customs Service, makgeolli exports totaled US$29 million in the first eight months of the year, down 22.4 percent from a year earlier. The volume of the beverage fell 24.1 percent on-year to 22 million liters over the eight-month period.Exports of makgeolli had jumped 8
IndustrySept. 23, 2012
-
Shares expected to take recess this week
South Korean stocks are expected to take another breather this week, moving only in a tight range due to the lack of any major drivers to spur the market, analysts said Saturday.The benchmark Korea Composite Stock Price Index finished at 2,002.37 last week, down 0.6 percent from a week earlier when the key index surged to a five-month high of 2,007.58.Foreign investors purchased a combined net 1 trillion won ($895 million) worth of shares, while institutional investors sold off a net 800 billion
Sept. 23, 2012
-
Borrowings for stock investment surge
A growing number of small investors are investing in stocks on the secondary KOSDAQ market, particularly by applying for loans as they bet on a bullish market ahead of the Dec. 19 presidential election.According to the Financial Investment Association, stock investment-oriented outstanding loans to individuals increased by 29.8 percent over the past three months ― from 1.33 trillion won ($1.18 billion) at the end of June to 1.73 trillion won as of Sept. 20.The sort of lending means that investor
Sept. 23, 2012
-
Top 10 big firms hiring fewer staff than they can afford
Hyundai Heavy, Hyundai Motor, POSCO had the lowest employment rateKorea’s top ten companies have been slow and reluctant to hire new employees despite a sharp increase in revenue over the years, according to media reports citing data by the Financial Supervisory Service and the Korea Chamber of Commerce and Industry.The number of people employed by the top 10 in their respective sectors such as consumer electronics, automobile, steel and retail only stood at 294,652 last year, up from 222,995 in
IndustrySept. 23, 2012
-
Yongsan development plan in jeopardy
Korea’s historic property project faces another feud among largest shareholdersKorea’s largest-ever urban development plan in Seoul is falling into further disarray as its two major shareholders clash over control of the 31-trillion won ($27 billion) project. Yongsan, located in the heart of Seoul, is planned to receive a large-scale facelift and transformation into an international business hub by 2016. The project includes the construction of the world’s second-tallest building and 22 other sk
IndustrySept. 23, 2012
-
Porsche, Daimler indicate Europe’s car crisis spreading
Daimler AG and Porsche AG provided evidence that the worst European car market in 17 years has started to spread to the luxury brands, mirroring a broader recession that has spilled from southern Europe to Germany. Stuttgart, Germany-based Daimler said yesterday that operating profit at Mercedes-Benz Cars will fall this year, lowering a previous target of matching the 2011 figure, while Porsche plans to build fewer than the 155,000 cars and sport- utility vehicles originally planned for next yea
MobilitySept. 23, 2012
-
Hyundai Motor targets Africa, Brazil markets
Indian plant takes on exports to Africa; Brazilian plant starts car productionHyundai Motor is expanding its presence in Africa and Brazil ― two of the several automobile markets with mammoth growth potential ― by diversifying export models.While the largest carmaker in Korea is making the most of its manufacturing factory in India for its vehicle exports to African nations, it launched regular operation of its Brazilian factory over the weekend.Hyundai Motor has been closely competing with Toy
MobilitySept. 23, 2012
-
Lee ranks 100 in Bloomberg rich list
Lee Kun-hee, the chairman of Samsung Group, Korea’s largest family-run conglomerate, has been ranked 100th in the Billionaires Index by Bloomberg, a U.S. media firm.It said that Lee owns assets worth some $10 billion (11 trillion won), joining the world’s 100 wealthiest individuals for the first time. The index has been expanded to 100 from 40.Carlos Slim, the Mexican telecom magnate, remains the richest man with a $74.5 billion fortune, followed by Bill Gates, founder of Microsoft, with $64.8 b
IndustrySept. 23, 2012