Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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Sharp rise in women over 40 giving birth
The number of women who gave birth in their 40s or older has almost doubled over the past decade, according to a government report on Monday.Mothers in their 40s and 50s gave birth to over 10,600 babies last year, according to Statistics Korea. The figure is the largest-ever since 1981. Even taking into account twins, at least more than 10,000 mothers older than 40 gave birth last year, said the government agency. The number of these older mothers has been increasing for six consecutive years. I
Sept. 3, 2012
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Founder under pressure as Facebook continues to fall
Facebook Inc.’s struggle continues with no end in sight, especially after its stock prices hit a record low and marketers expressed skepticism whether Facebook ads were really working.Shares of the world’s largest social network operator plummeted 5.4 percent to close at $18.06 in New York on Friday, the lowest amount since it went public on May 17 with $38 per share.The fall of the company’s stock to half of its initial value is a shameful outcome, while its earlier projection of stock prices w
TechnologySept. 3, 2012
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KCC to crack down on tampering with electronic anklets
The Korea Communications Commission said Monday that it plans to stage a crackdown on devices that intentionally disturb the radio waves sent off by sex offenders’ electronic anklets.Together with its affiliate the Central Radio Management Office, the country’s media regulator will focus on detecting the electronic devices that mask the location of sex offenders with the anklets.The move takes place as the nation has been seeing a growing number of shocking sex crimes recently. Last week’s kidna
Sept. 3, 2012
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Founder’s death stirs speculation about church’s business empire
The death of Rev. Moon Sun-myung, the founder of the Unification Church, on Monday, is prompting speculation over the future management of the church’s business arm and other affiliated organizations, whose combined assets are estimated at around 6 trillion won ($5.3 billion).While his youngest son Rev. Moon Hyung-jin is widely thought to be the de facto successor to run the church, the church’s business empire Tongil Group is currently chaired by the fourth son Kook-jin, a 42-year-old Harvard U
IndustrySept. 3, 2012
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Samsung, Apple to resume battle this week
Ruling in Netherlands seen crucial as it will likely affect other European courtsAside from Samsung Electronics’ multibillion dollar patent suit against Apple Inc. in the U.S., the two are expected to stage another battle at a court in the Netherlands this Friday.According to Samsung, the two parties are set to face off again in Europe, starting at a court in The Hague on Friday.Earlier in June, the court in The Hague handed the first victory to Samsung by claiming Apple violated the Suwon-based
IndustrySept. 3, 2012
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Korean tech firms beef up patent management, legal staff
Korean electronics firms are moving to bolster their patent management in an effort to better cope with growing technology infringement lawsuits with overseas rivals, market watchers said Monday.LG Electronics Inc., which set up a patent center in 2001, plans to increase its current 200-strong staff by 30 percent by the end of next year, according to the company.The plan comes on the heels of several patent rows involving foreign companies. LG Electronics and LG Innotek Co. have been embroiled i
TechnologySept. 3, 2012
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Consumer price growth slows to 12-year low in Aug.
Korea’s consumer prices grew at the slowest click in over 12 years last month amid government efforts to keep inflationary pressure down, a report showed Monday.The country’s consumer price index rose 1.2 percent from a year earlier in August, compared with a 1.5 percent on-year gain the previous month, according to the report by Statistics Korea.August’s reading marks the slowest gain since May 2000 when consumer prices rose 1.1 percent on-year. August also marks the second month in a row the c
Sept. 3, 2012
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LG Electronics sees fast growth in Germany
Local unit chief: LG aims to edge over Samsung to become top TV brand in 2013BERLIN ― LG Electronics has been seeing fast growth in Germany’s television market over the past year, despite the economic slowdown in the region stemming from the eurozone crisis.The Korean tech company saw its share in Germany, which accounts for 25 percent of EU demand, rise to 10 percent from 7 percent last year.With Japanese TV makers such as Sony, Sharp and Panasonic having gone through restructuring and lacklust
TechnologySept. 3, 2012
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‘Global economic woes delaying Korean recovery’
The global economic slowdown may continue to weigh down on the South Korean economy for some time, effectively preventing the country’s economic recovery, the nation’s finance minister said Monday.“Exports shrank for a second consecutive month in August as the economies of the United States, China and the eurozone continued to slow down,” Bahk Jae-wan was quoted as saying in a special meeting on economy revitalization.The trade ministry earlier said the country’s exports dropped 6.2 percent from
Sept. 3, 2012
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Hanwha assists Iraqi national soccer team
Hanwha Engineering and Construction said Sunday that it would sponsor the Iraqi national soccer team while they are in Seoul in preparation for a World Cup qualifying match against Japan later this month. The Iraqi squad arrived in Korea on Saturday and the construction unit of Hanwha Group plans to fund all expenses during their stay here, officials said. Hanwha has built a friendly relationship with Iraq as it signed an $8 billion contract in May to build a housing complex in Bismayah, a plann
IndustrySept. 3, 2012
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Hanwha E&C seeks to cement Iraq ties
Hanwha Engineering and Construction, one of Korea’s leading builders, is seeking to cement business cooperation with Iraq, hoping to lead the “second Middle East boom” as the Mideast country rebuilds after war.For Korean builders, the Middle East has been a major construction market since 1965, when Korea started doing construction overseas. Since then, Korean builders have secured a combined $500 billion in overseas construction orders as of June. Behind Korea’s surprise performance, there may
IndustrySept. 3, 2012
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Citibank Korea launches wealth management service for millionaires
Citibank Korea opened its first private wealth management service center in Seoul last month. Citigold Private Client Center, opened in Gangnam Finance Center in southern Seoul on Aug. 17, targets top-tier clients of the bank who have a minimum total balance of 1 billion won ($882,000), half of which is in investment assets. The new center is part of the bank’s move to separate clients who require professional investment advice to provide unique, differentiated products and research backed by to
Sept. 3, 2012
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Foreign firms turn to welfare to boost morale
Family-friendly foreign companies help employees ‘connect the dots’ in child careKoreans have associated foreign companies with a public image of workplaces with a democratic decision-making process and advanced welfare policies. Different foreign companies offer different degrees of financial support for children’s education. But they have similar parent-friendly welfare policies, particularly on paid maternity leave, paternity leave ― often shorter than maternity leave ― and half-day policies
Sept. 3, 2012
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K-pop stars become Adidas Asia models
Adidas Korea announced Tuesday it will hire Korean girl group 2NE1 as new models for its “All Originals Represent” advertisement campaign in Asia. In addition to the four-member K-pop group, hip-hop artists Nicki Minaj and Big Sean, NBA player Derrick Rose and Adidas fashion designer Jeremy Scott will show up in the advertisement. Scheduled to be first aired on YouTube, the advertisement clip shows an interesting episode which takes place on crosswalks of multiple nations in Asia, the Americas a
Sept. 3, 2012
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Samsung, Apple set another patent battle in Europe this week
Ruling in Netherlands seen crucial as it will likely affect other European court verdicts Aside from Samsung Electronics’ multibillion dollar patent suit against Apple Inc. in the U.S., the two are expected to stage another battle at a court in the Netherlands this Friday.According to Samsung, the two parties plan to face off again in Europe, starting at a court in The Hague on Friday, local time,
IndustrySept. 3, 2012
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Build huge muscles without ever exercising again: experts
Researchers have found a way to automatically build muscle mass at Galvan Institute of Medical Research in Australia, according to news sources.The report, published in The FASEB Journal, said that blocking the function of Grb10, nicknamed the “Hulk” protein, showed signs of increased muscle growth without any change in activity, diet, or adverse health effects. Researchers compared infant and adult mice of two groups: a normal group and a group whose Grb10 function was halted. The study showed
TechnologySept. 3, 2012
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California to allow self-drive cars in tests
California lawmakers have passed a bill that could make the state the second in the United States to approve self-driving cars on its roads.The bill, passed unanimously by the state senate, will go to Gov. Jerry Brown, who is expected to sign it into law, TG Daily reported Friday.Under the law, the California Department of Motor Vehicles would be required to create standards and licensing procedur
TechnologySept. 3, 2012
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Seoul shares dip after high start
South Korean stocks opened higher on Monday but swung to negative territory due to losses in major blue chips, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 9.28 points, or 0.49 percent, to 1,895.84 in the first 15 minutes of trading.Samsung Electronics slumped 2.11 percent following Apple Inc.'s move to add more products to its patent infringement list. Top steelmaker
Sept. 3, 2012
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S. Korea's consumer price growth slows to 12-year low in Aug.
South Korea's consumer prices grew at the slowest click in over 12 years last month amid government efforts to keep inflationary pressure down, a report showed Monday.The country's consumer price index rose 1.2 percent from a year earlier in August, compared with a 1.5 percent on-year gain the previous month, according to the report by Statistics Korea.The so-called core inflation, which excludes
Sept. 3, 2012
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Apple-Samsung patent battle intensifies
Apple adds Galaxy S3, Galaxy Note to infringement list, Samsung seeks counteractionThe patent battle between Samsung Electronics and Apple Inc. is intensifying as the U.S.-based tech giant took legal action against the Korean firm’s latest flagship smartphones.Apple added Samsung’s Galaxy S3 and Galaxy Note to the list of the products that it claimed infringed its patents when it submitted a revised filing at a U.S. federal court last Friday.Galaxy 3 is the latest in Samsung’s smartphone series,
TechnologySept. 2, 2012