Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Medical reform committee kicks off despite boycott from doctors
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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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
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Korean consumer sentiment hits 7-month low in Aug.
South Korean consumers' confidence dipped to a seven-month low in August as the protracted eurozone debt crisis and China's slowing economy heightened economic uncertainties, the central bank said Monday.The consumer sentiment index (CSI) -- a gauge of consumers'overall economic outlook, living conditions and future spending -- came in at 99 for August, down from 100 tallied in the previous month,
Aug. 27, 2012
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Apple-Samsung patent war set to continue
U.S. tech giant to file injunction, Samsung says U.S. verdict is ‘not the final word’Apple is setting the next stage of its patent battle against Samsung Electronics by filing sales injunctions against the Korean tech giant’s flagship Galaxy smartphones in the U.S., following a court ruling in favor of the U.S. tech giant.A federal court in San Jose, California near Apple’s headquarters ruled that Samsung infringed on patents for several technology features and designs of Apple’s iPhone and iPad
TechnologyAug. 26, 2012
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Samsung-Apple patent lawsuits
1. GermanyMay 11, 2012: Mannheim court delays proceedings over patent infringement cases.July 24, 2012: Dusseldorf court bans Samsung Galaxy Tab 7.7 in Europe.July 26, 2012: Apple loses appeal against ruling on 3 Samsung devices in Munich court.2. NetherlandsJan. 14, 2012: Court refuses to ban sales of Samsung tablet.June 20, 2012: Court rules in favor of Samsung in 3G-related patent claim against Apple. 3. BritainSept. 12, 2011: Apple files patent violation suit against Samsung.Oct. 6, 2011: Sa
Aug. 26, 2012
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Out-of-wedlock babies on the rise
The number of new babies born out of wedlock in South Korea is expected to top 10,000 this year after a steady growth over the past nine years, officials said Sunday, pointing to changes in views on traditional marriage and a growing aversion to abortion.Statistics Korea said that 9,959 babies were born out of the wedlock last year, marking a year-on-year rise of 3.3 percent, or 320. Approximately 2.1 babies per every 100 were born outside of marriage, it noted.Last year’s figure was the highest
Aug. 26, 2012
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‘Turkey the birthplace of Hindi, English’
CHICAGO (AFP) ― Could the word for mother prove that Turkey was the birthplace of hundreds of languages as diverse as Hindi, Russian, Dutch, Albanian, Italian and English?Researchers using a complex computer model originally designed to map epidemics have traced the evolution of the Indo-European language family to find an answer in a study published Tuesday in the journal Science.Similarities between hundreds of languages spoken from Iceland to India have led to hot debates over where they orig
TechnologyAug. 26, 2012
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Local team develops cancer specific, trackable drug delivery system
A local team of scientists has developed a method of delivering drugs specifically to cancer cells, and to monitor the delivery and absorption of the drugs, the Ministry of Education, Science and Technology said Thursday.In the team led by professors Kim Jong-seung of Korea University and Kang Chul-hoon of Kyung Hee University, the scientists linked the anti-cancer compound camptothecin to a compoung called RGD. The team also attached a fluorescent marker to the compound, enabling tracking of th
TechnologyAug. 26, 2012
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Jellyfish robot ready for action next April
As large numbers of poisonous jellyfish plague the country’s coasts, dealing damage to fishermen and holidaymakers, a team of researchers at Korea Advanced Institute of Science and Technology has come up with a robot for the efficient destruction of the creatures. On Aug. 20, a KAIST team led by professor Myeong Hyun announced that it has developed the robot JEROS for catching and destroying jellyfish.The robot is equipped with cameras and global positioning system or GPS equipment that allows i
TechnologyAug. 26, 2012
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Scientists seek beneficial uses for jellyfish
As jellyfish are appearing in Korea’s coastal waters in increasing numbers each year, the damage caused by the creatures is also on the rise.With some species found in the coastal waters weighing as much as 200 kilograms, jellyfish can not only reduce fishermen’s catch but also tear fishing nets. In addition, jellyfish have blocked water intake pipes at power stations.Damages sustained by the fisheries, power and other industries are estimated at over 300 billion won ($264 million) each year. Fo
TechnologyAug. 26, 2012
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Green Climate Fund to hold next meeting in Korea
GENEVA (AFP) ― The Green Climate Fund, which will help poor countries fight global warming, will hold its next meeting from October 18 to 20 in South Korea, the body said Saturday.The fund was launched at a UN climate conference in Durban, South Africa, last year to help channel up to $100 billion (80 billion euros) a year in aid to poor, vulnerable countries by 2020 via investments from both public and private sources.Its 24-member board wrapped up a first meeting in Geneva on Saturday after th
Aug. 26, 2012
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Magazine awards Hana Bank, KEB as best banks in Korea
Hana Financial Group announced Friday that Hana Bank and Korea Exchange Bank received awards from Hong-Kong-based magazine Finance Asia.The magazine named Hana Bank on Friday the Best Bank in Korea and KEB the Best Foreign Bank in Korea. Finance Asia announces the best banks in different Asian countries every year through Country Awards. The magazine commented that Hana Bank has shown stable financial growth and growing market share despite the unstable financial environment in and out of the co
Aug. 26, 2012