Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Tensions heighten ahead of first president-opposition chief meeting
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New chief named to anti-corruption body
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New head of doctors' association vows war in case of disadvantage to medical professors
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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
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Dancing, boxing video games burn calories
Active video gaming with dancing and boxing was associated with higher energy expenditure in children, researchers in Britain said. Stephen R. Smallwood and colleagues from the University of Chester in England examined the physiologic responses and energy expenditure of active video gaming using a video game with a webcam-style sensor device and software technology that allows the player to intera
TechnologySept. 26, 2012
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Samsung launches Galaxy Note 2 in S. Korea
Samsung Electronics Co., the world‘s top smartphone maker, on Wednesday started selling the Galaxy Note 2 on its home turf, the latest version of its Galaxy Note lineup, whose sales topped 10 million units worldwide.Samsung debuted the Galaxy Note 2 at a trade show in Berlin last month. The phablet, a cross between a smartphone and a tablet computer, features larger displays than smartphones but are more portable than tablets.The 5.5-inch Galaxy Note 2, an upgraded version of the 5.3-inch Galax
TechnologySept. 26, 2012
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Study: Contraception an economic issue
Most U.S. women say they use contraceptives because they could not afford to take care of a baby at that time, researchers say.Jennifer Frost and Laura Lindberg of the Guttmacher Institute in New York said few U.S. studies ask women why they use contraception and what benefits they expect or have achieved from its use.Frost and Lindberg surveyed 2,094 U.S. women receiving services at 22 family pla
TechnologySept. 26, 2012
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Parents have big impact in reducing weight
SAN DIEGO (UPI) -- Parents can make a big difference by helping to instill healthy behaviors in their children, a U.S. health and wellness company says. Dr. Mary Jane Osmick, vice president and medical director of health services for American Specialty Health -- which provides fitness and exercise programs for health plans, insurance carriers and employer groups -- said obesity now affects 17 perc
TechnologySept. 26, 2012
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Public sector should improve transparency, debt control: minister
South Korea's public sector should double up its efforts to improve its business health by increasing management transparency and keeping debt under control, the finance minister said Wednesday."We hope that the public sector institutions will raise the trust of people by enhancing their transparency and push for systematic management, including debt analysis," Bahk Jae-wan told a crisis managemen
Sept. 26, 2012
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Eurozone economy unlikely to improve until next year: BOK head
South Korea's top central banker said Wednesday that the eurozone economy is not likely to improve until next year as the global economic outlook remains subdued."A set of economic data coming from the eurozone has given mixed signals, repeatedly producing positive and negative news together," Bank of Korea (BOK) Gov. Kim Choong-soo said in a monthly meeting with economists."The eurozone economy i
Sept. 26, 2012
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Korea to spend 342.5 trillion won in 2013
Next year’s budget aims to support public welfare and revitalize economyThe government plans to spend 342.5 trillion won ($305.6 billion) in 2013, an increase of 5.3 percent compared to the previous year, with the aim of boosting the sagging economy while maintaining fiscal health.The Finance Ministry announced on Tuesday the final budget proposal to be presented to the National Assembly for approval.According to the budget plan, the government will designate 10.8 trillion won to create about 60
Sept. 25, 2012
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Bosch to invest W200b in Korea
Bosch Group will spend 200 billion won ($178.7 million) on facility expansion in South Korea by next year and hire 300 workers, the head of the German auto part manufacturer’s local unit said Tuesday.Hermann Kaesse, president of Robert Bosch Korea Ltd., told reporters that the planned spending is based on the belief that the South Korean car industry will further develop.Bosch Group has Korean units such as Robert Bosch Korea, Bosch Electrical Drives Co., Bosch Rexroth Korea Ltd., and ETAS Korea
IndustrySept. 25, 2012
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Shares fall on foreign selloff
South Korean stocks closed 0.6 percent lower Tuesday as foreigners snapped a 12-day buying streak to opt for profit-taking, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index slid 12.03 points to finish at 1,991.41. Trading volume was moderate at 523.9 million shares worth 4.55 trillion won ($4.06 billion) with decliners outpacing advancers 570 to 257. “Foreigners chose to take profits, but the amount is not big, meaning that they are
Sept. 25, 2012
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Hyundai Motor sells $1b in global bonds
South Korea’s top automaker Hyundai Motor Co. said Tuesday its U.S. financial unit has raised a combined $1 billion by selling dollar-denominated bonds in New York in a bid to secure funds for marketing promotions.Hyundai Capital America issued two kinds of $500 million bonds denominated in dollars due in either three or five years, Hyundai Motor said in a statement.The three-year bond has a coupon rate of 1.625 percent, 1.3 percentage points above U.S. treasury bond yields, while the five-year
IndustrySept. 25, 2012