Most Popular
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Yoon's approval rating plunges to all-time low
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S. Korea votes in favor of Palestinian bid for UN membership
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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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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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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Korea ranks 40th in gold reserves
Gold has emerged as one of the safest assets as uncertainties mount in the global economy. Following other countries eager to buy gold, Korea has joined the move to diversify foreign exchange reserves, becoming 40th in the global ranking in terms of gold holdings.Korea’s gold holdings amounted to 70.4 tons, valued at $2.98 billion, as of the end of August, accounting for 0.9 percent of the country’s total foreign reserves of $316.88 billion, the World Gold Council said. In June 2011, Korea’s cen
Sept. 18, 2012
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Hanwha Chemical expands EVA plant in Korea
South Korean chemicals maker Hanwha Chemical Corp. said Tuesday it has expanded its ethylene-vinyl acetate plant in the country’s southeastern part to sharpen its global competitive edge. The expansion will increase the plant’s annual production capacity to 160,000 tons from the current 120,000 tons and generate additional sales of 100 billion won ($89.5 million), Hanwha Chemical said in a press release. EVA, a high-value chemical that was produced in 1985 for the first time in South Korea by Ha
IndustrySept. 18, 2012
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SK Innovation completes battery plant
SK Innovation completed on Tuesday its second plant for automobile batteries in Seosan, South Chungcheong Province, heralding fiercer competition in the automobile battery market, company officials said. About 250 billion won ($223 million) was invested in the construction of the plant, which has a production capacity to supply 10,000 electric cars, or about 20,000 hybrid cars, per year.Built on a 231,000 square-meter tract of land, the Seosan plant comprises three major parts, the battery, form
IndustrySept. 18, 2012
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Guy Sorman opposes overreaction to recession
French economist and columnist Guy Sorman said Tuesday that the global economy was still optimistic despite its continued economic slowdown and the financial struggles in the eurozone. “The worst scenario in an (economic) crisis is to overreact to the crisis. Crises are bad, but they cannot be avoided,” the author of “Diary of an Optimist” said in a global business forum co-hosted by the Institute for Global Economics and Samsung Electronics. Sorman stressed that economic recovery requires a sta
Sept. 18, 2012
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LG to launch flagship Optimus G next week
LG Electronics unveiled plans Tuesday to roll out its new flagship smartphone Optimus G in the local market next week through the nation’s three mobile carriers.The firm also said the 4.7-inch display gadget ― running on fourth-generation Long Term Evolution networks as well as third-generation networks ― will be launched in Japan next month and in the U.S. and other Asian markets in November.The Optimus G, which was dubbed LG’s new flagship smartphone by the company’s mobile chief Park Jong-seo
IndustrySept. 18, 2012
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‘BMW is unlike Toyota and Volkswagen’
Son of BMW’s legendary former CEO Kuenheim now leads fast growing Asian businessBMW Group’s new Asia chief Hendrik von Kuenheim remembers when Hyundai Motor launched its first passenger car Pony in the U.S. market back in 1986 when he worked as a sales manager in Los Angeles. “Hyundai is a remarkable success story. It has come a long way in design and quality. Hyundai and Kia will become a tremendous challenge to (the world’s top sellers) Toyota and Volkswagen,” he said during a press conference
IndustrySept. 18, 2012
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Book discusses Asia’s financial future
The Institute for Global Economics, a leading private think thank in Korea, published on Thursday a book containing reports and summaries of the two-day international financial conference held in Seoul. Titled “Asia in the New Global Financial Scene,” the book goes over all the sessions and discussions of the conference held from May 17-18 under the same name, co-hosted by the Institute for Global Economics, Asian Development Bank, Institute of International Finance and KB Financial. Influential
Sept. 18, 2012
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Anti-Japan sentiment does no harm to Korean firms in China
South Korean companies in China have suffered no damage yet from the recent wave of anti-Japanese protests sweeping across China over a territorial dispute with Tokyo, industry sources said Tuesday. The South Korean firms, however, are bracing for any possible fallout from the demonstrations, as protesters torched a factory of Japanese electronics maker Panasonic and a Toyota dealership.The latest outbreak of anti-Japan sentiment flared over Japan’s recent decision to buy some disputed islands i
Sept. 18, 2012
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Prices of farm product imports fall in Aug.
Prices of imported farm products in South Korea declined last month, customs data showed Wednesday, despite worries that recent extreme weather conditions in major farmlands would cause price hikes.According to the data by the Korea Customs Service, the price index of imported agricultural, livestock and fishery products stood at 114.2 in August, down 4.3 percent from a year earlier. The index is also down 3 percent from July.Import prices of agricultural products fell 3.5 percent on-year in Aug
Sept. 18, 2012
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‘P&G Korea responds faster to demands’
Procter & Gamble Korea’s new chief executive Lee Sue-kyung said on Tuesday that her company will respond faster to market demands and changes from now on.“P&G has suffered several times in the past in competition with Korean companies, which are very quick in both information gathering and action,” Lee said in a press conference.“Agility is one of the three most important virtues required at P&G, along with strategic thinking and leadership skills. The ability to swiftly cope with market situati
IndustrySept. 18, 2012
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‘Holland’s Martha Stewart’ helps widen choice of home furnishings
The choice of home decor in Korea has been rather limited, considering the country’s burgeoning population of fastidious shoppers.They either had to choose from a handful of local home furnishing companies or go to Namdaemun Market to hunt down unofficially imported candle holders or teapots that meet their tastes. Worse still, some put up with the exorbitantly overpriced foreign brands sold in department stores. That is what drove a Korean importer to open Asia’s first Riviera Maison store near
IndustrySept. 18, 2012
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Enjoying nature is easy in and around Seoul
Eddie Provencher wasn’t always interested in bird watching. It took an eco-tour of the demilitarized zone along Koreas’ border in 2009 to make him realize that not only were there many interesting birds to see in nature, but that the urban areas of Korea were also alive with birds. “Birds are everywhere, so you don’t need to go anywhere to observe them,” says Provencher. “You just need to look around yourself and listen.”Although Seoul is a sprawl of urban mass, there is still wildlife and many
Sept. 18, 2012
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History of rivers and the great powers
This article was contributed by the Korea Water Resources Corp. to mark the opening of the 2012 World River Forum in Daegu on Wednesday. ― Ed. Fresh water, like air, is the most precious substance of all things on our Earth. Lacking fresh and temperate flowing water, we would be either red-hot like Venus, or frozen over like Mars. Water controls our every life, and forms the greater part of our human bodies. While we often forget it, humankind is a species whose destiny relates at all times to t
Sept. 18, 2012
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Samsung’s Kwon named among MediaGuardian 100
Samsung Electronics vice chairman and CEO Kwon Oh-hyun was ranked 88th in the MediaGuardian 100 2012 organized by British newspaper the Guardian.The MediaGuardian 100 is an annual selection of the most powerful people in TV, radio, newspapers, magazines, digital media, advertising marketing and PR. Kwon is the only Asian to be included on the list. He was selected because he contributed to Samsung outdoing Nokia as the world’s biggest seller of mobile phones, according to the newspaper.The top h
Sept. 18, 2012
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Healthy food makes people better looking
Foods that make a person healthier also make them better looking, a U.S. food expert says. "Vitamin C rich foods, especially strawberries, can help keep your skin glowing and bright. Vitamin C is an important building block for collagen, which supports the underlying structure of your skin. Just 1 cup of delicious strawberries contains over 100 percent of your daily vitamin C recommendation," Phil
TechnologySept. 18, 2012
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Aspirin may help men with prostate cancer
DALLAS, Sept. 17 (UPI) -- Men treated for prostate cancer -- either with surgery or radiation -- could benefit from taking aspirin regularly, U.S. researchers suggest. First author Dr. Kevin Choe of the University of Texas Southwestern Medical Center in Dallas said preclinical studies showed aspirin and other anti-coagulation medications -- warfarin, clopidogrel, enoxaparin, and/or aspirin -- might inhibit cancer growth and metastasis, but clinical data had been limited previously.The current st
TechnologySept. 18, 2012
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Black hole ‘sounds’ reveal their history
British astronomers say the death “sounds” of black holes could reveal the cosmic crash that created them in the first place.In black holes gravity is so strong not even light can escape, making them truly dark objects that don‘t emit any form of radiation.However, scientists at Cardiff University say black holes that become deformed through collisions with other black holes or stars are known to emit a form of radiation called gravitational waves, predicted by Einstein nearly a hundred years ag
TechnologySept. 18, 2012
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Camera sees light from 8 billion years ago
Zoomed-in image from the Dark Energy Camera of the center of the globular star cluster 47 Tucanae, which lies about 17,000 light years from Earth. (Dark Energy Survey Collaboration-UPI)The most powerful sky-mapping machine ever created has captured and recorded light from 8 billion years ago, U.S. researchers say.After eight years of planning and construction by scientists, engineers, and technici
TechnologySept. 18, 2012
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Seoul shares opens higher on tech gains
South Korean stocks started higher Tuesday, led by gains in big tech firms, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) gained0.81 points, or 0.04 percent, to 2003.16 in the first 15 minutes of trading.Big-cap tech names led the rise, with market bellwether Samsung Electronics increasing 0.99 percent and SK hynix climbing 0.87 percent.The local currency was trading at 1,1
Sept. 18, 2012
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Samsung chairman fails to appeal compensation ruling
Samsung Electronics chairman Lee Kun-hee did not lodge an appeal by the due date against the latest high court ruling that found him guilty of malpractices carried out to make his son's takeover of the conglomerate easier, industry and court officials said Monday. South Korea's richest man showed no signs of filing an appeal at the Daegu District High Court, which was due on Sept. 12 if he had dec
IndustrySept. 18, 2012