Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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[Kim So-hyun] The quiet taxi driver from Paris
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KB set to take over ING Life Korea
Two sides reach ‘virtual’ settlement over terms of price: sourceKB Financial Group will soon take over the Korean insurance unit of ING Group, with the two sides having almost settled pending issues, financial sources in Seoul said on Friday.Negotiations between KB Financial, the nation’s second largest financial group and the sole contender in the bid for the Netherlands-based insurance group’s Korean arm, are in the final phase and they will soon conclude the deal, according to the sources inv
Sept. 7, 2012
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Nokia caught faking TV ad
ESPOO (UPI) -- Finnish phone company Nokia admitted that it had been caught red-handed faking a television ad for its new Lumia 920 mobile phone.An article in The Verge called Nokia on the ad after spotting a reflection of a camera filming for the advertisement that was said to be an example of how great the phone‘s video technology looked.Nokia was touting the phone camera’s “PureView” capability, which makes it possible to film a moving object from a moving platform.The Los Angeles Times repor
TechnologySept. 7, 2012
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Non-alcoholic wine lowers blood pressure
BARCELONA (UPI) -- Men at high risk for heart disease had lower blood pressure after drinking non-alcoholic red wine for four weeks, researchers in Spain say.Gemma Chiva-Blanch of the Hospital Clinic de Barcelona and colleagues studied 67 men with diabetes, or three or more cardiovascular risk factors, who ate a common diet plus one of the following drinks -- about 10 ounces of red wine, a similar amount of non-alcoholic red wine or about 3 ounces of gin.All of the men tried each diet/beverage c
TechnologySept. 7, 2012
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Green tea good for the memory
The chemical properties of green tea affect the generation of brain cells, providing benefits for memory and spatial learning, researchers in China say. Professor Yun Bai of the Third Military Medical University in Chongqing, China, and his team focused on the organic chemical epigallocatechin-3 gallate, known as EGCG, an antioxidant in green tea. "Green tea is a popular beverage across the worl
TechnologySept. 7, 2012
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Study: Death of dinosaurs was second event
The dying of dinosaurs 65 million years ago may have been the second of two extinction events, following one that killed marine life, U.S. scientists say.The extinction of dinosaurs is thought to be due to an asteroid at least 6 miles in diameter slamming into Mexico‘s Yucatan Peninsula, but new evidence shows life on the seafloor was already perishing at the time of the impact because of the effects of huge volcanic eruptions on the Deccan Plateau in what is now India.Researchers at the Univers
TechnologySept. 7, 2012
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IT ventures suffer manpower shortage: poll
South Korean information technology ventures are suffering from manpower shortages as fewer skilled people enter the field, a poll showed Friday.According to the survey on 1,800 small and mid-size tech firms conducted by the Korea Venture Business Association, 44.6 percent of respondents said they are suffering from a lack of skilled labor.They also cited financial strains, a sales slump, slow progress in research and development and stiff competition as business difficulties.The survey noted th
IndustrySept. 7, 2012
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Vietnam Agent Orange victims get Scientology 'detox'
Dozens of Vietnamese victims of Agent Orange on Thursday embarked on a controversial detoxification treatment plan developed by the Church of Scientology, a Hanoi hospital director said.US aircraft sprayed chemical defoliants such as Agent Orange over vast swathes of jungle during the Vietnam War in an attempt to flush out Viet Cong communist guerrillas by depriving them of tree cover and food.Th
TechnologySept. 7, 2012
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Q2 growth revised down to 0.3%, rate cut expected
Korea’s economy grew at a slower pace than earlier estimated in the second quarter of this year due to weaker demand and sluggish exports, data showed on Thursday.The Bank of Korea said Korea’s gross domestic product grew by a revised 0.3 percent in the second quarter compared to the previous three months, down from an earlier estimate of 0.4 percent.The slower growth is expected to mount pressure on the central bank to cut interests rate again to spur growth. The central bank froze the key rate
Sept. 6, 2012
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Fitch upgrades Korea
Fitch Ratings upgraded South Korea’s sovereign credit rating by one notch on Thursday.This is is the first time in 15 years that Korea has regained the “AA-” rating, which is on par with Saudi Arabia and a step higher than China and Japan.The global rating firm cited its continued economic and financial stability as well as the government’s fiscal discipline.Fitch raised Korea’s government bond rating to “AA-” from “A+”, roughly 10 months after changing the outlook to “positive” from “stable.”It
Sept. 6, 2012
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Shares up ahead of ECB meeting
Korean stocks closed 0.38 percent higher on Thursday as investors pinned hopes on the upcoming European Central Bank meeting, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 7.21 points to 1,881.24, snapping a two-session losing streak.Trading volume was heavy at 733.7 million shares worth 4.2 trillion won ($3.7 billion), with gainers outnumbering decliners 448 to 345.“There were concerns that Germany would be opposed to EC
Sept. 6, 2012
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AmorePacific opens shop in Singapore
AmorePacific Corp., South Korea’s leading cosmetics manufacturer, has opened its first “Sulhwasoo”brand outlet in Singapore as it steps up efforts to make inroads into the Southeast Asian market, company officials said Thursday. The outlet in a department store in Singapore’s popular Orchard Road shopping district sells the company’s top-of-the-line brand, which uses traditional herbal treatments. It is Amore Pacific’s 18th overseas outlet. The company also has Sulhwasoo brand stores in such cit
Sept. 6, 2012
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BMW Korea first in Asia to announce new 7 Series
BMW Korea unveiled on Thursday the new BMW 7 Series, the facelift models of the latest fifth generation of the German carmaker’s flagship luxury line. The Seoul launch was the first in Asia. “We plan to import some 600 new 7 Series vehicles this year. Of them, reservations for 500 have already been made,” said BMW Korea CEO Kim Hyo-joon at a launching event held in southern Seoul. Despite their expensive prices hovering at 130-180 million won ($110,000-150,000) here, the 7 Series models have bee
IndustrySept. 6, 2012
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SC Bank Korea halves dividend payout after public criticism
Standard Chartered Bank Korea bowed to public criticism and decided to pay out a total of 100 billion won ($88.2 million) in interim dividends, half of the originally planned amount.The Korean unit of the British banking group, which had been under fire for its planned payments of a high dividend, made the decision at a board meeting on Thursday.“The dividend amount was determined with consideration to our responsibility to the shareholders to remit a regular dividend flow, but also the local ec
Sept. 6, 2012
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Public firms’ assets largest in OECD, but debts alarming
When it comes to public firms’ net asset value, Korea is No. 1 in the OECD with a total of $177.7 billion, according to data from the organization. Korea was followed by France ($157.7 billion), Norway ($131 billion) and Italy ($105.4 billion).Despite their growing, crucial roles in the nation’s economy, however, there are also concerns that their bigger size may undermine the nation’s fiscal stability because their debts are growing at an alarming level.The combined debts of 286 state-run firms
Sept. 6, 2012
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Samsung hits 20 million Galaxy S3 sales
Tech giant’s products to ‘come out strong’ despite legal challenges with Apple, analysts saySamsung Electronics, the world’s largest tech company by revenue, saw record sales of its flagship Galaxy S3 in a short period of time, despite recent difficulties over legal issues with its rival Apple.The company said Thursday that it sold more than 20 million Galaxy S3 smartphones globally in 100 days since its introduction in late May.In the first 50 days, Samsung sold 10 million Galaxy S3 smartphones
TechnologySept. 6, 2012
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Tick-borne virus, new to Americas, identified in Missouri
Federal scientists have isolated a virus in ticks that has never before appeared in the Western Hemisphere and are calling on other scientists to look for evidence of the disease-causing pathogen.Virus hunters from the Centers for Disease Control and Prevention said the virus causes an illness nearly identical to ehrlichiosis, a tick-borne disease that is caused by a bacterium.The newfound pathogen, known as a phlebovirus, was isolated in 2009 in two Missouri men who doctors knew had been bitten
TechnologySept. 6, 2012
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Australian gets the world’s first prototype bionic eye
SYDNEY ― An Australian woman robbed of her sight 30 years ago told Thursday how she saw a “little flash of light” after being implanted with the world’s first prototype bionic eye.Dianne Ashworth, 54, went blind through an inherited condition called retinitis pigmentosa but had some vision after the device was surgically implanted in a Melbourne hospital and connected up to a laboratory unit.“All of a sudden I could see a little flash ... it was amazing,” Ashworth said in a statement from the Bi
TechnologySept. 6, 2012
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DNA database unlocks map to genetic disease
CHICAGO (AFP) ― A massive DNA database has generated a map of the genetic switches which impact everything from hair loss to cancer and opened the door to revolutionary treatments for a host of deadly diseases, researchers said Wednesday.“This is a major step toward understanding the wiring diagram of a human being,” said lead researcher Michael Snyder of Stanford University.The Encyclopedia of DNA Elements ― or ENCODE ― has enabled scientists to assign specific biological functions for 80 perce
TechnologySept. 6, 2012
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Guard against colon cancer
Many think that colon cancer is something that people aged over 50 should be worried about, but it pays to be on guard against the disease at a much earlier age, doctors say. A study released Thursday by the Korean Society of Coloproctology found that over 20 percent of men in their 30s who underwent colonoscopies between 2009 and 2011 had one or more polyps, the primary seed of colon cancer. It was a surprisingly high rate for the age group, which was regarded as less vulnerable, researchers sa
TechnologySept. 6, 2012
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Cystitis
Cystitis is an inflammation of the bladder lining which can be caused by microorganisms (bacteria, protozoa or viruses), allergies, radiation and pharmacological agents. The most common mechanism of cystitis is bacterial infection through the urethra. Because women have shorter urethras than men, they are more prone to urinary tract infections. This is because the bacteria from the urethra, vagina or the cervix can flow back to the bladder. In this case, the main bacterial organisms are those of
TechnologySept. 6, 2012