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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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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[Music in drama] An ode to childhood trauma
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New head of doctors' association vows war in case of disadvantage to medical professors
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Seoul to provide housing subsidy to married couples with newborns
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Verdict may affect Samsung-Google deals
Samsung to stick to multi-OS strategy, not solely betting on AndroidThe strong partnership established between Samsung Electronics and Google appears to be shaking following a jury verdict at a San Jose court that turned against the Korean electronics maker.Industry sources had claimed that the patent battle between Samsung ― the top manufacturer of smartphones powered by Google’s Android mobile platform ― and Apple stems from the Cupertino-based firm’s fight against Android.“From what we know,
IndustryAug. 28, 2012
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Moody’s rating upgrade lowers credit risks for Korea
South Korea’s credit default risks eased after a global credit appraiser has raised its sovereign rating on Asia’s fourth-largest economy, reflecting the soundness of its overall economic health, industry data showed Tuesday. The credit default swap premium for the country’s five-year Treasuries stood at 103.6 basis points as of Aug. 27, down 2.9 basis points from the previous day, according to the Korea Center for International Finance. A basis point is 0.01 percentage point. The spread on CDS
Aug. 28, 2012
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Investment in intellectual infrastructure key to Korea’s future
Developing new growth engines is an urgent priority for economies around the world. This is prompting more attention to grooming and acquiring elite science and technology personnel. Advanced countries and emerging economies alike are mounting efforts to foster personnel who can lead the next-generation growth engines of their economy.Technology powerhouses such as Japan and Germany have emphasized home-grown talent. In Germany, the “High-Tech Strategy” adopted in 2005 seeks to nurture expertise
Aug. 28, 2012
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Club parties rise as key marketing tool
Companies say parties help raise brand image, but don’t expect immediate effect on salesAs depressing news on the sluggish economy continues to dampen consumer sentiment, a number of companies are choosing to throw club parties to refresh the mood and draw attention to their products.Parties have been a key marketing tool for consumer goods makers targeting those in their 20s and 30s as club culture spread across the country over the years. The companies do not expect the unlimited supply of fr
IndustryAug. 28, 2012
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Myanmar hopes to attract greater forestry investment
Senior official expects exports of products of high-quality teak to Korea will increaseBorn and raised in attachment to forest by culture and history, Koreans have remained in active partnership with multiple Asian countries such as Indonesia and Vietnam to acquire beautiful wooden products.Myanmar has emerged as Korea’s next overseas investment partner, Korean government officials said, and economic experts crowded the seventh conference for the Korea-Myanmar forestry partnership held in Naypyi
Aug. 28, 2012
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AFoCO the start of ‘forestry diplomacy’ for Korea Forestry Service
The Asia Forest Cooperation Organization, the first-ever international organization led by South Korea, will officially launch early next month after three years of preparation. The Korea Forest Service first suggested an organization regarding forestry during the Korea-ASEAN Special Summit Meeting held in June on the nation’s southern resort island of Jeju, and then held bilateral meetings and negotiations with 10 ASEAN member countries. Member countries finally agreed to establish the organiza
Aug. 28, 2012
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Korea, ASEAN to launch forestry body
Asian ministers gather in Seoul to discuss cooperation before the AFoCO inaugurationA two-day special meeting of forestry ministers from Korea and member countries of the Association of Southeast Asian Nations, or ASEAN, will kick off in Seoul on Wednesday.The conference is aimed at discussing concrete measures among ministers to promote cooperation on forestation and enhance green growth in Asia, Seoul officials said.The Special ASEAN-Korea Ministerial Meeting will take place to commemorate the
Aug. 28, 2012
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3 Hyundai Heavy workers win Master Artisan’s Award
Hyundai Heavy Industries Co., announced Tuesday that three of its employees were honored with the nation’s most prestigious award presented to artisans and technicians. The company said that it has had 26 award recipients since the Korea Master Artisan’s Award was created in 1986. Kim Choon-jin, technical assistant manager in utilities administration; Kim Geum-man, technical manager in engine assembly and test engineering; and Heu Tae-young, technical assistant in material research, were present
Aug. 28, 2012
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Second person dies of hantavirus after Yosemite visit
Yosemite National Park officials say a second person has died of a rare, rodent-borne disease after visiting the park earlier this summer.Spokesman Scott Gediman says health officials this weekend learned of a second death of a person who contracted hantavirus after visiting the park in June.There is one other confirmed case of the illness, and a fourth is being investigated.Park officials are war
TechnologyAug. 28, 2012
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Breast cancer recurrence upped by obesity
Obese women diagnosed with breast cancer and treated with standard chemohormonal therapy had worse outcomes than non-obese counterparts, U.S. researchers say.Lead investigator Dr. Joseph Sparano of the Albert Einstein College of Medicine at the Montefiore Medical Center in New York and therapeutics co-chair of the Eastern Cooperative Oncology Group-American College of Radiology Imaging Network Breast Committee and colleagues analyzed data from 6,885 women with stage 1 to stage 3 breast cancer.Th
TechnologyAug. 28, 2012
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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