Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Dunkin' Donuts sued over racial bias
A chocolate glazed donut and a cup of coffee are arranged for a photograph at a Dunkin' Donuts Inc. store in West Orange, New Jersey, U.S. (Bloomberg)Dunkin' Donuts discriminates against minority owners through unfavorable business locations, a suit filed Monday in New Jersey state court says.The Massachusetts-based Dunkin' Brands operates nearly 7,000 pastry-and-coffee franchises throughout the c
IndustryAug. 21, 2012
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Study: College binge drinkers happier
Binge drinking in college is associated with higher status and binge drinkers appear happier than their abstaining peers, U.S. researchers say.Study co-author Carolyn L. Hsu, an associate professor of sociology at Colgate University, and Landon Reid, a former faculty member at Colgate now attending law school at New York University, said students from higher status groups -- wealthy, male, white, heterosexual and Greek-affiliated undergraduates -- were consistently happier with their college soc
TechnologyAug. 21, 2012
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Astronomers describe death of planet
(Casey Reed/NASA)An international team of astronomers says they've seen the first evidence of a planet's destruction as its aging star became a red giant at the end of its life."A similar fate may await the inner planets in our solar system, when the sun becomes a red giant and expands all the way out to Earth's orbit some 5 billion years from now," team member Alex Wolszczan, a professor of astro
TechnologyAug. 21, 2012
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Chanel wins lawsuit against Korean bar
A small South Korean bar has been ordered to pay damages to Chanel for infringing upon the value held by the French luxury house, court records showed Tuesday.The Seoul Central District Court ordered the local bar, known as the Chanel Business Club, to pay 10 million won (US$8,800) in compensation to Chanel, saying that the bar inflicted damage to the distinctiveness and reputation attached to Cha
IndustryAug. 21, 2012
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U.S. Rep: Pregnancy from rape is 'really rare'
Missouri Congressman Todd Akin, the conservative Republican U.S. Senate candidate, said in a television interview that it is “really rare” for women to become pregnant when they are raped.Akin, a six-term congressman running against incumbent Democrat Sen. Claire McCaskill, was asked in an interview that aired Sunday on St. Louis television station KTVI if there were any circumstances in which he would support a woman's decision to have an abortion.Akin, who has said he's Missouri's most conserv
TechnologyAug. 21, 2012
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Samsung's investment up 22 pct in H1
Investment by Samsung Electronics Co., the world's top smartphone and flat-screen TV maker, jumped 22 percent in the first half of the year compared with a year ago despite bleak economic circumstances, a report showed Tuesday.The tech behemoth spent a total of 19.7 trillion won (US$17.4 billion) on facility investment as well as research and development(R&D) in the January-June period, compared w
IndustryAug. 21, 2012
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Flaw in Apple's iOS risks message hack
A security flaw in Apple's iOS operating system allows text messages to be spoofed, well-known hacker Pod2g says.If exploited, the flaw allows someone to send a text message with a different address on the "reply" line from what appears in the "from" field of the message, Pod2g said.Such a message could appear to be from someone a user trusts, such as a family member, with a message to asking for
TechnologyAug. 21, 2012
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Air passenger traffic rises to new high
Korea’s international air passenger traffic jumped to a new monthly high in July due to a sharp rise in visitors from Japan and China, the governmenty said on Monday.The number of international air passengers to and from Korea surged to 4.34 million last month, up 10.2 percent from the same period last year, according to the Ministry of Land, Transport and Maritime Affairs.“International airline passengers increased greatly in July due to an increase in the number of South Koreans going overseas
Aug. 20, 2012
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Firms face global patent disputes
Korea’s business sector has faced a growing number of patent disputes with foreign enterprises as many local big players are increasing their shares in overseas markets.According to the Korean Intellectual Property Office, the business sector saw the number of international patent lawsuits surge by 80.5 percent over the past two years. In particular, Korean firms are increasingly becoming the target of patent offensives from foreign technology powerhouses.“A growing number of foreign firms have
IndustryAug. 20, 2012
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Minister urges business to raise hiring, investment
Business leaders in Korea need to step up investment and hiring to help boost the domestic economy, the top economic policymaker said Monday, as the country struggles with prolonged market uncertainty from eurozone debt problems and possible global slowdowns.“As a result of slower-than-expected global economic recovery from the slump and its impact on our economic situation, exports and domestic demand, the two growth engines (for Korea), are not fully cranking up,” Finance Minister Bahk Jae-wan
Aug. 20, 2012
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LG hopes to expand global smartphone market share
LG Electronics said Monday that it will expand the global launch of its flagship smartphone Optimus Vu in a bid to widen its presence in other nations.The company said that it will roll out the gadget in Europe next month and then launch it in the Commonwealth of Independent States, Asia and Latin America.The move takes place after the firm released the 5-inch display smartphone in Japan earlier this month, which was the first overseas launch.What is different from the gadget launched in Japan i
IndustryAug. 20, 2012
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Lackluster sales prompt Chung’s visit to U.S.
Hyundai Motor Group chairman Chung Mong-koo is expected to call on the automotive group’s U.S. operation to map out measures against Toyota Motor’s rapid sales growth in North America.Chung has left for Los Angeles where Hyundai’s U.S. sales corporation is located. “The chairman will also visit the Alabama plant of Hyundai Motor and the Georgia plant of (affiliate) Kia Motors,” a group spokesman said Monday.“The U.S. auto market was also hit by the eurozone debt crisis. The chairman’s visit is a
IndustryAug. 20, 2012
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Ssangyong E&C sale in rough waters
Preferred bidder E-Land gives up in last-minute talksSsangyong Engineering and Construction has failed again to find a new owner as its largest shareholder, Korea Asset Management Corp., and the preferred bidder E-Land Group could not reach an agreement in last-minute talks on Monday.At a subcommittee meeting held on the day, the Financial Services Commission decided to suspend the sale of the financially troubled builder Ssangyong E&C, citing a huge difference between the two parties.“E-Land a
IndustryAug. 20, 2012
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Graduates of Ewha, HUFS, Korea strong force in foreign firms’ HR staff
Ewha Womans University graduates made up the largest number of human resources staff at foreign companies in Korea, a recent survey showed.Korea Foreign Company Employee’s Human Network, a non-profit organization founded in 1999, recently looked at 1,026 employees who work in the HR divisions of foreign companies and are members of the network.KOFEN, an internet-based recruitment service specializing in foreign companies, said the survey showed that those who attended Seoul-based four-year colle
Aug. 20, 2012
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STX Group focuses on overseas orders to overcome recession
STX Group, a Korean shipbuilding and trading conglomerate, raked in $3.8 billion in the first half of this year from overseas deals for constructing 70 liquefied natural gas carriers and container carriers alone. With a 30 percent on-year growth in sales, the group has steadily won bids from the world’s major three shipbuilding markets ― Korea, China and Europe ― amid the unfavorable business climate in the wake of the European debt crisis.The group’s Chinese operation, STX Dalian, kicked off th
IndustryAug. 20, 2012
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Korea focus: House rich, cash poor
Korea’s real estate market has been weak for some time. Since the 2008 global financial crisis, property prices have grown at only half their long-term rate. Momentum remains skewed toward the downside, with national prices recording their sharpest monthly decline in more than three years. Lower property prices decrease homeowners’ assets. Through the wealth effect, these households will respond by reducing their consumption. This is important because consumption in Korea has the highest sensiti
Aug. 20, 2012
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Foreign luxury brands donate little despite booming sales
Some wire home 90 percent of profits while making zero charity donationsFailing to bear corporate social responsibility ethics among foreign luxury brands has prompted criticism from both consumers and the business community. The Financial Supervisory Service and online conglomerate tracker chaebul.com released financial reports in August of foreign luxury brands’ operating in Korea. Foreign luxury brands saw a large-scale increase in sales by about 270 percent, from 1.42 trillion won ($1.25 bil
Aug. 20, 2012
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After marriage: Men drink less, women more
Men who drink tend to stem their alcohol use once they marry, while women tend to increase their drinking after marriage, U.S. researchers found. Corinne Reczek of the University of Cincinnati, Tetyana Pudrovska of Pennsylvania State University, Deborah Carr of Rutgers University and Debra Umberson of the University of Texas at Austin found married men reported consuming the lowest number of drinks compared with single, divorced and widowed men.The researchers analyzed survey data from the Wisco
TechnologyAug. 20, 2012
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LA restaurant offers discount to phone-free diners
A Los Angeles restaurant is offering a deal to customers who agree to look at their fellow diners instead of their phone screens.Eva Restaurant is giving a 5 percent discount to customers who will leave their cellphones with staff when they are seated.Owner Mark Gold told KPCC radio (http://bit.ly/Pn6Jx1 ) on Tuesday that the policy isn‘t about other diners who might be annoyed by cellphone chatter or the glow of smartphone screens, but an attempt to create an environment where diners connect to
IndustryAug. 20, 2012
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Company that Google Execs should really fear?
Google’s biggest rivals seem to be Facebook and Apple but Google executives should worry more about one company actively taking money out of their pockets, a news report said. Google’s real rival to watch over the next few years is Amazon, according to the report by Business Insider. Google makes money from the searches people do before buying something online because those searches are where the ads are placed. These searches make up 20 percent of Google’s total searches.The Google executives f
Aug. 20, 2012