Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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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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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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[Music in drama] An ode to childhood trauma
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Korean Air eyes buyout of state-run aircraft maker
Korea’s leading flag carrier Korean Air plans to join a bidding race to acquire the nation’s sole aircraft maker Korea Aerospace Industries, industry sources said Tuesday. The company has already secured 1 trillion won ($900 million) for the potential acquisition, said Cho Yang-ho, chairman of Hanjin Group, which owns Korean Air, in a recent interview with a local vernacular news daily. A shareholders’ committee of KAI, consisting of state-run financial firm Korea Finance Corporation, Samsung Te
IndustryAug. 7, 2012
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Tech giants step up global marketing
Samsung and LG release flagship gadgets in Europe and Mid EastLocal electronics giants are stepping up global marketing, launching flagship gadgets such as the Galaxy Note 10.1 and Optimus L-Series in European and Middle Eastern nations.Samsung Electronics said on Tuesday that it will roll out its new tablet PC Galaxy Note 10.1 in Germany, the United Arab Emirates and the Middle East.It is also scheduled to launch in Korea sometime this month. Equipped with a 10.1-inch display, the new tablet co
IndustryAug. 7, 2012
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Korea’s corporate debt jumps in Q1
Korea’s corporate debt rose sharply in the first quarter of this year, data showed Tuesday, spawning concerns that the high indebtedness is feared to weigh on the already weakening economic growth.Local companies’ debt reached 107 percent of the country’s gross domestic product as of end-March, well hovering above a tipping point of 90 percent, according to the Korea Insurance Research Institute. In 2010, the ratio came in at 104 percent.The corporate debt ratio fell to 78 percent in 2004 after
Aug. 7, 2012
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Air conditioner sales spike on heat wave
Sales of air conditioners in South Korea are on a roll as heat-battered consumers are rushing to escape the scorching weather, market watchers said Tuesday.Sales at major retailers jumped more than 20 percent in July from a year earlier, while they skyrocketed between 240-260 percent in the last few days of the month when the mercury hovered above 33 degrees Celsius in most parts of the country, according to the watchers.Due to a spike in demand, consumers have to wait a week on average for thei
IndustryAug. 7, 2012
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Shares edge up on eased eurozone woes
Korean stocks closed marginally higher on Tuesday as investors took a pause after recent rallies amid eased concern over the eurozone debt crisis, analysts said.The local currency inched up against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 0.92 points, or 0.05 percent, to finish at 1,886.80. Trading volume was moderate at 320.6 million shares worth 3.47 trillion won ($3.07 billion), with gainers outstripping losers 502 to 317. “Investors took a breather as signals fr
Aug. 7, 2012
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Monthly stock trading dips below W100tr
Korea’s monthly stock trading volume has remained below the 100 trillion won ($88.6 billion) mark for four straight months this year as global uncertainties arising from the debt-ridden eurozone are sapping investor appetites, data showed Tuesday. The monthly trading turnover of stocks listed on the main bourse stood at 90.5 trillion won as of the end of July, according to the data by the Korea Exchange and the Korea Financial Investment Association. Trading turnover figures had stood above the
Aug. 7, 2012
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EU reviews French call for watch of Korean cars
Chances are unlikely that the bloc will impose higher tariffs: expertsThe European Commission, the European Union’s executive body, has begun reviewing France’s request to require Korea to give advanced warning of planned car exports to the EU.“The European Commission confirms it has received a note from the French authorities requesting ... prior surveillance measures for South Korean car imports,” EU’s trade spokesman John Clancy said in a statement. “The Commission is reviewing carefully the
Aug. 7, 2012
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Foreign car firms look beyond Seoul
Regional cities see import car sales increase rapidlyForeign automakers in Korea are expanding their businesses in the nation’s major provincial cities as import vehicle sales continue to hit all-time highs.The trend follows the growing percentage of sales in big regional cities. The proportion of import car sales in Seoul among the total in the nation stood at 19.2 percent in July, down from 21.7 percent a year before.Gyeonggi Province and South Gyeongsang Province held the second and third pos
IndustryAug. 7, 2012
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German Merck Group offers family business template
‘Choose management wisely,’ advises senior exec of world’s oldest pharmaceutical and chemical companyFor the German Merck Group, South Korea remains a worthwhile investment. “We have invested a lot of money in Korea … (and it’s) an important market and always has been,” said Frank Stangenberg-Haverkamp in an interview with The Korea Herald in Seoul on Monday.Stangenberg-Haverkamp serves as chairman of the Board of Partners as well as vice chairman of the Executive Board and Family Board for E. M
Aug. 7, 2012
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Ancient bridge unearthed in China
A 2,000-year-old wooden bridge found in Shaanxi province, home of the famous Terracotta Army, may have been the world's biggest at that time, scientists say.Remnants of the bridge's piers were unearthed in a suburb of Xi'an, the province's capital, China's state-run Xinhua News Agency reported.The bridge is estimated to have been almost 1,000 feet long and 65 feet wide, Li Yufang, a researcher at
TechnologyAug. 7, 2012
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Scientists find eating behavior gene
Findings of animal experiments could lead to new treatment for obesityA Korean team of scientists has discovered genes closely involved in regulating feeding behavior, opening new possibilities for treating obesity and metabolic disorders. Led by Yu Kweon, principal researcher at Korea Research Institute of Bioscience and Biotechnology’s Aging Research Center, the team found that the fruit fly gene minibrain, or mnb, and mammalian functional equivalent DYRK1a gene control the expression of neuro
TechnologyAug. 7, 2012
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'Apewoman’ to return to Mexico
The remains of carnival attraction and “Apewoman” Julia Pastrana will be returned to her native Mexico, Oslo University in Norway said. Her body has been kept in Norway since the 1920s for research purposes, but a letter from Oslo University to Mexico‘s Ministry of Education, published in the scientific journal Uniforum, announced plans for a return to her home country for burial, the Norwegian news agency The Local reported Monday.Pastrana was a dancer, born in 1834 in Mexico with hypertrichosi
TechnologyAug. 7, 2012
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S. Korea issues power shortage alert
South Korea's state-run electricity distributor issued a power shortage alert Tuesday due to a surge in electricity consumption caused by high temperatures, the second such move in as many days.The Korea Power Exchange issued an initial warning at 11:20 a.m. after the country's electricity reserve dropped to below 4 million kilowatts.The company later upgraded the warning to its third-highest leve
Aug. 7, 2012
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Woman donates kidney, saves five lives
A single mother of four children from North Carolina, donated her kidney and ultimately saved five lives.Honica Brittman, 35, decided to donate her kidney after seeing her family member struggle to get a kidney. She found a program named “kidney swap,” where there is a waiting list of people who need a kidney. When someone on the waiting list receives a kidney, the recipient’s loved one donates their kidney to someone else on the waiting list. Brittman started the chain reaction by donating her
TechnologyAug. 7, 2012
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Alcohol may help prevent osteoporosis
Women in menopause who drink about two small glasses of wine a day have less of a risk of developing weaker bones, U.S. researchers say. Researchers at Boston University Medical Center said their study involved 40 healthy postmenopausal women of an average age of 56. The authors measured factors that relate to osteoporosis -- body fails to form enough new bone, when too much old bone is reabsorbed by the body, or both -- in postmenopausal women who were consuming alcohol. They were tested after
TechnologyAug. 7, 2012
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Families help ADHD students in college
College students with attention-deficit hyperactivity disorder need support from family members and university staff to succeed, a U.S. researcher says.Kristy Morgan, a recent doctoral graduate in student affairs and higher education at Kansas State University in Leavenworth, said ADHD affects 1 percent to 4 percent of college students and the transition from high school to college is the most difficult. Morgan interviewed eight freshmen -- four men and four women -- to talk about their transiti
TechnologyAug. 7, 2012
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Apple pulling its YouTube app from iOS 6
Apple Inc. has removed its YouTube app from its latest beta version of iOS 6, with the Cupertino, Calif., company saying its license from Google has expired.The app will not be included in the next version of its mobile operating system for the iPhone and iPad, The Wall Street Journal reported Monday.Since the iPhone went on sale in 2007, Apple‘s YouTube app has come pre-installed on the company’s mobile devices.It‘s the latest sign of a growing gulf in the relations between Apple and Google, wh
TechnologyAug. 7, 2012
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Seoul shares turn higher after weak start
SEOUL -- South Korean stocks turned a tad higher Tuesday after opening lower, helped by positive signs from the eurozone overnight, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.30 points, or 0.07 percent to 1,887.18 in the first 15 minutes of trading.Oil refiners and machineries led the climb, with top player SK Innovation jumping 2.14 percent and equipment maker Do
Aug. 7, 2012
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Power shortage warning issued amid heatwave
The nation’s oldest reactor in Kori to resume operationThe nation’s state-run power company issued a power shortage warning on Monday, with electricity consumption soaring amid high temperatures. Korea Electronic Power Corp. issued the warning at 11:05 a.m., less than an hour after it announced an electricity shortage alert at 10:17 a.m. The warning followed a large-scale nationwide blackout on Sept. 15 last year. The government said that Monday’s electricity demand exceeded the ordinary level a
IndustryAug. 6, 2012
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Korea, U.S. open joint particle acceleration center
The Korea-U.S. Cooperation Center for Accelerator Science will begin operations on Tuesday, the Ministry of Education, Science and Technology announced Monday. The center is located within the Fermi National Accelerator Laboratory in Batavia, Illinois, and is established as part of an agreement signed in June by the U.S. organization and Korea’s Institute for Basic Science to collaborate on research using particle accelerators. The Fermi National Accelerator Laboratory operates the world’s secon
TechnologyAug. 6, 2012