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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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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Korea enters full election mode
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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[Hello India] Corporate Korea sees new growth drivers in India
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Seoul shares open higher on Fed expectations
South Korean stocks opened higher Tuesday, as investors await with hope for the U.S. Federal Reserve to bring about another solution for an economic boost, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) gained 7.83 points, or 0.41 percent, to trade at 1,925.70 in the first 15 minutes of trading.Upward moves in telecom and financial shares drove the index, with top mobile ca
Aug. 28, 2012
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Apple seeks sales ban on Samsung's eight products
Emboldened by a triumph in the first round of a U.S. patent suit against Samsung, Apple made a formal request Monday to a U.S. federal judge to ban the sales of eight products of the South Korean firm.Those are Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail, according to a list submitted to the Northern District Cou
TechnologyAug. 28, 2012
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Samsung to fight jury verdict in San Jose
Company says it will make utmost efforts until U.S. judge’s final rulingSamsung Electronics said Monday that it will give its utmost effort to alter the jury verdict announced by a San Jose court over its patent battle with Apple last week.“There is no case in which a firm achieved continuous growth by only winning a court suit and not competing on fair grounds,” its officials posted on its internal blog.“The U.S. judge still needs to release a final ruling on the case and we still have many st
IndustryAug. 27, 2012
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Top 10 conglomerates’ sales equal 76% of GDP
The combined sales of 10 major business groups in 2011 were equivalent to 76 percent of the nation’s gross domestic product, an online financial data provider showed Monday.According to the chaebul.com, total sales of the 10 largest conglomerates including Samsung and Hyundai Motor reached 946.1 trillion won ($837.2 billion) last year.The figure corresponds to 76.5 percent of Korea’s 2011 GDP of 1.23 quadrillion won.The portion of the 10 conglomerates’ sales as part of GDP stood at 53.4 percent
IndustryAug. 27, 2012
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80% of Koreans skeptical over strike: KCCI
Four out of every five Koreans responded that they were skeptical about a large-scale strike mulled by one of the nation’s progressive labor unions, a major business lobby group said.Citing its survey of 510 adults, the Korea Chamber of Commerce & Industry said it has found that about 80 percent of them responded that the upcoming strike was not an appropriate way to resolve disputes with employers.Those respondents said a general strike will have a negative effect on the economy.The Korean Conf
IndustryAug. 27, 2012
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Seoul, ASEAN to launch joint group on forest cooperation
South Korea, together with the 10 member countries of the Association of Southeast Asian Nations, will launch an international organization on forest cooperation that will help fight deforestation and climate change, the country’s forest authority said Monday.The Asian Forest Cooperation Organization will officially be launched early next month, following a two-day forest ministers’ meeting in Seoul from next Wednesday.“The AFoCO with 11 member countries will be further expanded into an internat
Aug. 27, 2012
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First auto reliability survey fails to attract consumers, carmakers
The nation’s first state-run consumer survey on vehicles is gaining lackluster participation by car owners, and automotive companies are raising questions about its reliability. In July, the Fair Trade Commission launched a pilot program questioning local drivers on the product quality of their own sports utility vehicles via its website for consumer information. The survey, which collects reviews on 133 SUV models of Korean and foreign carmakers until Aug. 31, has attracted only some 50 partici
IndustryAug. 27, 2012
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Samsung-Apple patent case leads to motion filing
Questions arise over fairness of verdict in less than three daysThe latest verdict in favor of Apple by a nine-member jury at a U.S. federal court in San Jose, California, will lead Samsung Electronics to file a motion that it hopes will alter the course of the ongoing dispute between the two tech giants.The Korean company will take the next step of motion filing to re-address its arguments and ask the court to reconsider its points, which it believes have not been fully reflected in this trial,
TechnologyAug. 27, 2012
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Korea-China FTA talks pick up pace
Seoul, Beijing agree to remove tariffs on sensitive items 10 years after FTA takes effectKorea’s bargaining for a free trade agreement with China is picking up pace, while FTA talks between Seoul and Tokyo are unlikely to resume any time soon amid a diplomatic row over a territorial dispute.Korea and China agreed during their third round of FTA negotiations last week to remove tariffs on sensitive items 10 years after an FTA takes effect.The two sides agreed to eliminate tariffs on general items
Aug. 27, 2012
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Tongyang Securities’ ‘My W ETF Research Solution’ draws attention
Tongyang Securities’ ETF Wrap is drawing attention in the market for making stable profits. The security firm’s My W ETF Research Solution No. 2 reached an 8 percent earnings rate on Aug. 8, only 56 days since it launched in May 21. My W ETF Research Solution No. 3, which kicked off on June 28, also reached its earnings rate goal on Aug. 9. Both are now stably run, transferred 100 percent to bond-type ETF. The ETF Wrap product is first run as a mixture of equity-type and bond-type ETFs best ass
Aug. 27, 2012
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IFC Seoul Office Tower promoted as landmark in financial district of Yeouido
The IFC Seoul Office Tower buildings in Yeouido will open this week amid attention from the real estate industry over whether it will serve as a landmark in the financial district in Seoul.The IFC compex is composed of four buildings. They are the 32-story One IFC Seoul Office Tower, the 29-story Two IFC Seoul Office Tower, the 55-story Three IFC Seoul Office Tower and the 38-story hotel Conrad Seoul with 434 guest rooms. There will be an underground 3-story IFC Mall in the complex. GS Engineeri
Aug. 27, 2012
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IBs lower Korea’s private consumption outlook below 2%
Foreign investment banks lowered their 2012 outlooks on South Korea’s consumption growth in the private sector to the 1 percent range, the Korea Center for International Finance said on Wednesday. HSBC scaled down Korea’s forecast for private consumption growth from 2.1 percent to 1.8 percent year-on-year, lower than the Bank of Korea’s revised outlook of 2.2 percent in July. The global investment bank said that negative outlooks on the nation’s sluggish real estate market prevail, and the secto
Aug. 27, 2012
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Greater opportunities attract female talent to foreign firms
Higher salaries, less male-dominant corporate culture lure career womenMore women jobseekers prefer to look for employment at foreign-invested companies, hoping to avoid some of the barriers at Korean firms and seek a larger pool of opportunities.More women candidates are emerging in the high-end human resources market, according to one executive recruitment firm.“Now Korean conglomerates are looking at ideal business leaders from different angles,” said Kim Kuk-gil, chairman of Stanton Chase Ko
Aug. 27, 2012
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First auto reliability survey fails to impress both consumers, carmakers
The nation’s first state-run consumer survey on vehicles is gaining lackluster participation by car owners, with automotive companies raising questions about its reliability. In July, the Fair Trade Commission launched a pilot program questioning local drivers on the product quality of their own sports utility vehicles via its website for consumer information. The survey, which collects reviews on 133 SUV models of Korean and foreign carmakers until Aug. 31, has attracted only some 50 participan
IndustryAug. 27, 2012
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Pedophiles increasingly using social media to target girls
Pedophiles are increasingly targeting victims through social networking sites, according to news sources. The U.K.’s Child Exploitation and Online Protection Center said it has been receiving an increasing number of reports of older men trying to groom and convince younger girls to perform sexual acts on webcams.According to CEOP, the number of reports of inappropriate online behavior has increased from 400 a month to 1,000 in just a few years. The older predators create accounts on networking s
TechnologyAug. 27, 2012
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Psychological interventions help skin
Psychological interventions can provide benefits to patients with skin conditions such as psoriasis and atopic dermatitis, researchers in Britain said. Researchers at the University of Sheffield, England, conducted a meta-analysis of 22 studies involving more than 900 participants. The meta-analysis, published in the British Journal of Dermatology, found psychological interventions had a medium-sized effect on skin conditions but that a number of different factors influenced the effectiveness of
TechnologyAug. 27, 2012
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Moody’s scales up Korea to Aa3
Rating agency recognizes Korea’s efforts to improve economic health; ministerMoody’s Investors Service upgraded South Korea’s sovereign credit rating one notch from A1 to Aa3 on Monday, citing strong fiscal fundamentals, a high degree of economic resilience and competitiveness, reduced external vulnerability of the banking sector and continuation of the status-quo in North-South geopolitics. “Korea’s strong fiscal fundamentals enable a relatively large degree of policy space to cope with conting
Aug. 27, 2012
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Theaters going digital or die
U.S. movie theaters with antiquated projection equipment must convert to costly digital technology or face extinction, an industry official says.Minneapolis Star Tribune reported Saturday that by the end of the coming year the six major movie studios will only release new titles in digital format. The old 35-millimeter film format won‘t be an option.That means theaters with mechanical projectors face spending $70,000 to $85,000 apiece to upgrade to digital versions.The National Association of Th
IndustryAug. 27, 2012
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Apple to unveil mini iPad in October: report
Apple will unveil a new, smaller version of its wildly popular iPad in October after the release of the latest version of its iPhone next month, the All Things Digital website reported Sunday.“First comes the latest iteration of the tech giant’s hugely popular smartphone, which will be unveiled at an as yet unannounced event on September 12,” the website said.“Only after the next-generation iPhone is out the door and on sale will Apple announce the smaller iPad it’s been working on,” it said.“T
TechnologyAug. 27, 2012
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Samsung shares plunge after U.S. Apple patents verdict
(AFP)Shares in Samsung Electronics opened 6.75 percent lower Monday after a U.S. court fined the South Korean firm $1.05 billion for breaching Apple's patents.After 15 minutes of trading the shares had fallen by 6.81 percent to 1,187,000 won.A jury in San Jose, California ruled Friday that Samsung infringed six Apple patents for smartphones or tablet PCs.Analysts said the judge in the case could l
Aug. 27, 2012