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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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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NASA rover Curiosity shoots a Mars rock with laser
NASA’s Curiosity rover has zapped its first Martian rock, aiming its laser for the sake of science.During the target practice on Sunday, Curiosity fired 30 pulses at a nearby rock over a 10-second window, burning a small hole.Since landing in Gale Crater two weeks ago, the six-wheel rover has been checking out its instruments including the laser. During its two-year mission, Curiosity was expected to point the laser at various rocks as it drives toward Mount Sharp, a 3-mile (5-kilometer)-high mo
TechnologyAug. 20, 2012
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Bill calls for disclosure of tycoons’ pay
Top executives of listed companies including chaebol chiefs may have to disclose their income under a recently submitted bill as the political drive for “economic democratization” gains momentum.Rep. Rhee Mok-hee of the Democratic United Party and nine other lawmakers submitted a revised bill that requires listed firms to make public the compensation of each board member and the standards by which the wage was calculated.Following similar bills that were laid out in the 17th and 18th National As
Aug. 19, 2012
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Gasoline prices approach 2,000 won
Gasoline prices continued to climb over the past month in the local market, marking an average figure of nearly 2,000 won ($1.76) per liter, with international crude oil prices spiking.According to the Korea National Oil Corp., retail gasoline prices surged to 1,980.05 won per liter on average as of Aug. 19, compared with 1,891.86 won on July 16.The nation’s gasoline prices on average had risen at a moderate pace, but accelerated from mid-July. After surpassing 1,900 won on July 24, they reached
IndustryAug. 19, 2012
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Near-speed-of-light collisions fundamental to rare isotope generation
Since opening the Korea-U.S. Cooperation Center for Accelerator Science and beginning work on the design of the rare isotope accelerator, the Institute for Basic Science has sped up preparations for the country’s first particle accelerator of its kind. The purpose of a rare isotope accelerator is to produce isotopes of elements that do not or rarely occur naturally. An isotope is a variant of an element that has a different number of neutrons in the nucleus.Under the plans the IBS’ accelerator,
TechnologyAug. 19, 2012
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CO2 emissions in U.S. drop to 20-year low
PITTSBURGH (AP) ― The amount of carbon dioxide being released into the atmosphere in the U.S. has fallen dramatically to its lowest level in 20 years, and government officials say the biggest reason is that cheap and plentiful natural gas has led many power plant operators to switch from dirtier-burning coal.Many of the world’s leading climate scientists didn’t see the drop coming, in large part because it happened as a result of market forces rather than direct government action against carbon
TechnologyAug. 19, 2012
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Star births seen on cosmic scale in distant galaxy
WASHINGTON (AP) ― Scientists have found a cosmic supermom. It is a galaxy that gives births to more stars in a day than ours does in a year.Astronomers used NASA’s Chandra X-Ray telescope to spot this distant gigantic galaxy creating about 740 new stars a year. By comparison, our Milky Way galaxy spawns just about one new star each year.The galaxy is about 5.7 billion light years away in the center of a recently discovered cluster of galaxies that give off the brightest X-ray glow astronomers ha
TechnologyAug. 19, 2012
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‘Basic science research key to nation’s advancement’
New research institute hopes to bring big changes for nation’s science communityThe Institute for Basic Science will change the way Korea carries out research and development to allow creative and original research, according the organization’s first chief Oh Se-jung. The institute launched in November seeks to hire top-class scientists from across the world.“Our target is not just for Korea, but a research institution that can compete on the international stage,” Oh said. Oh said that while Kor
TechnologyAug. 19, 2012
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Korean firms up stake in global TV market
South Korean TV makers raised their stakes in the global market in the second quarter on the back of their strong brand awareness and product lineups, a report said Sunday.According to the report compiled by market research firm DisplaySearch, South Korean TV makers such as Samsung Electronics Co. and LG Electronics Inc. sold a combined 19.82 million units in the second quarter of the year, up 2.3 percent from a year earlier.Their combined market share stood at 38.4 percent in the April-June per
Aug. 19, 2012
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Preferred bidder for ING to be picked this week
The likelihood is increasing that ING Life Korea’s new owner will be decided within the week. According to industry resources on Sunday, ING Group will open a board meeting at its Netherlands headquarters within the week to decide on the preferred bidder of ING Life Asia-Pacific. Whether ING Life Korea will be sold separately or together with the insurance firm’s Southeast Asian arm is also likely to be decided at the meeting. KB Financial and AIA Life Insurance jumped into the bidding to take o
IndustryAug. 19, 2012
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Taxi, bus fares to rise within months
Hike likely to surpass 30 percent; Seoul taxis’ minimum charge may exceed 3,000 wonPolicymakers hinted that the nation’s cab and inter-city bus minimum fares will rise by up to 33.3 percent alongside the general increase in food and energy prices. Express train and subway charges will remain the same. Government sources said on Sunday that the nationwide minimum taxi charges, which currently range from 2,200 won ($1.94) to 2,400 won, could possibly pass the 3,000 won mark after the upcoming pric
IndustryAug. 19, 2012
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Corporate failures fall to 4-month low in July
The number of South Korean corporate bankruptcies declined to a four-month low in July due to falls in failures of manufacturers and builders, the central bank said Sunday.The number of companies that went belly-up totaled 95 in July, compared with 103 tallied in the previous month, according to the Bank of Korea.The July data marked the lowest level since the number of corporate failures hit a record low of 90 in March.Meanwhile, the number of newly established companies came in at record 7,127
IndustryAug. 19, 2012
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Half of Koreans say they are poor
Only 1.9% respond they belong to high-income bracketA survey by a local think tank showed that about half of Koreans classified themselves as members of the low-income class with little expectation for advancing to higher strata.In the poll of 1,011 adults across the nation, 50.1 percent said they belong to the low-income bracket, more than triple the actual share announced by the government, Hyundai Research Institute reported on Sunday. Statistics Korea said last year that low-income household
Aug. 19, 2012
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Honda’s new Accord brings investment, jobs to Ohio
CINCINNATI (AP) ― Honda’s new Accord sedan to be unveiled Monday at a central Ohio plant has led to more than $220 million in investments and more jobs in two of its other Ohio plants, with companies that supply Honda with products and services also getting a boost. Economic development officials in central Ohio, U.S., are hopeful the new Accord to be produced at Honda’s Marysville plant in Union County will lead to even more Honda investment in Ohio and bring more economic benefits to their are
MobilityAug. 19, 2012
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GM chief seen planning global reorganization against ‘fiefdoms’
General Motors Co. chief executive officer Dan Akerson is planning a reorganization of the automaker that would move it away from long-entrenched regional authority toward a structure built on global functions, said two people familiar with the planning. Power would shift from regional chiefs to global leaders in areas such as marketing, purchasing and product development, said the people, who asked not to be identified because the matter is private. While details are still being determined, the
MobilityAug. 19, 2012
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Cars and creativity
Automakers experiment with new ideas to enhance driver comfort and convenienceAs auto technologies continually evolve, auto companies are now competing not just for speed and fuel efficiency but also for enhanced driving emotions. Kia Motors’ luxury sedan K9 was developed to vie directly with European premium brands BMW and Mercedes-Benz as well as its sister company Hyundai Motor’s Genesis and Equus. The upscale model of the carmaker’s flagship K series, which was released in May, offers rear-w
MobilityAug. 19, 2012
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KRA fosters therapeutic horse riding
30 riding ‘healing centers’ to help treat teens’ emotional disturbanceThe Korea Racing Authority will open 30 KRA Riding Healing Centers by 2022 to help treat teenagers with emotional problems. The KRA vowed last week to put up 100 billion won ($88.4 million) to build the centers and train professionals to teach therapeutic horse riding. Each center will be able to treat about 2,000 teenagers per year, which will add up to over 60,000 per year by 2022. Therapeutic horse riding is a well-known tr
IndustryAug. 19, 2012
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U.S. men prefer beer, women love wine
WASHINGTON (AFP) -- U.S. men like to drink beer, though wine is the beverage of choice for women and older adults, a poll showed Friday.The annual Gallup poll found that, as with previous years, wine drinkers are mostly based on the East Coast while beer aficionados live in the Midwest.Drinking is commonplace in the United States, with two thirds (66 percent) of Americans saying they consume alcohol, and 44 percent saying they drank at least one alcoholic beverage a week.While just 12 percent of
TechnologyAug. 19, 2012
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New spider family found in U.S. caves
A team of amateur cave explorers and arachnologists has found a new family of spiders in caves and old-growth redwood forests in Oregon and California, US researchers said Friday.Entomologists at the California Academy of Sciences said the spider, named Trogloaptor -- or "cave robber" -- for its lethal front claws, had such unique evolutionary features that it represented not just a new genus or s
TechnologyAug. 19, 2012
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Hyundai Motor to hire 3,000 subcontract workers as regulars
Hyundai Motor, Korea’s largest automaker, said that it will change the status of some 3,000 subcontractor laborers working for its Ulsan plant to regular employees.The company said in a statement that it will recruit 3,000 of its 8,000 in-house subcontractors as regular employees by 2016 as a means to “follow and honor” rulings by Seoul courts and government agencies.It will begin by hiring 1,000, and then increase its employment to 3,000 over the next four years.Labor-management relations have
IndustryAug. 17, 2012
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Mobile social game giant ready to join Korean market
GREE’s senior executive says it seeks strategic partnerships with Korean firmsCOLOGNE, Germany ― GREE, a Japan-based mobile social game firm, said Friday that it plans to dive into the Korean market after establishing a game studio in the region this year.Ryotaro Shima, senior vice president at GREE, said that Korea is an attractive market for the company and has many good engineers.“We’ve already established a game studio in Korea and we’re developing games suitable for the Korean market,” he
IndustryAug. 17, 2012