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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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Kia reveals K3 design
Kia Motors unveiled the exterior design of the K3 compact on Sunday.The latest model of the carmaker’s K series sedans is expected to be marketed in September to compete directly with Hyundai Motor’s Avante here. K3, themed on “dynamic muscularity,” carries the signature radiator grille of the K series, bold, “high-tech luxury car” style LED headlamps and a sports coupe-like shape. Kia revealed the design of the new mid-sized sedan on Sunday, one week after an artist’s rendering of the car was
IndustryJuly 29, 2012
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Mysterious ‘Manhattan monster’ spotted in New York
Images of a bizarre pig-like carcass that washed up in New York triggered a series of conspiracy theories, according to news reports.The photos by an amateur photographer Denise Ginley shows a grotesque two-feet-long creature with a snarling snout, sharp teeth and five toes on each foot. “We (Ginley and her boyfriend) were horrified by it and we took some camera phone pictures and then finally we decided to come back with my camera and I got up the courage to climb over the fence and get closer
TechnologyJuly 29, 2012
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LG to release 3rd LTE smartphone in Japan
LG Electronics Inc., the world's fifth-largest mobile phone maker, said Sunday it plans to release its third smartphone in Japan that runs on the long-term evolution (LTE) network. LG is set to release the Optimus Vu via Japan's top mobile carrier NTT DoCoMo Inc. starting Aug. 3, the company said in a statement. Reservations for the phone have begun last week. The Optimus Vu, which hit local
TechnologyJuly 29, 2012
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Police arrest two in KT data leak case
Police said Sunday they have arrested two people for allegedly hacking into the network system of KT Corp., South Korea's No.2 mobile carrier, and selling the data.The 40-year-old suspect, identified only by his family name Choi, and another were accused of leaking personal information of about 8.7 million mobile phone subscribers from February until recently, the National Police Agency's cyber te
IndustryJuly 29, 2012
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Arrogant bosses insecure, disparage others
(123rf)Arrogant bosses are typically poor performers who cover up insecurities by disparaging subordinates and can hurt a company's bottom line, U.S. researchers say.Professor Stanley Silverman, dean of the University of Akron's Summit College, and colleagues at Michigan State University, developed a Workplace Arrogance Scale to help organizations identify arrogant managers before they have a cost
TechnologyJuly 29, 2012
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Minister voices concern on corporate bashing
Korea's knowledge economy minister on Saturday warned that growing calls for economic democracy should not lead to an assault on local conglomerates."Conglomerates have and will continue to contribute to the local economy. (I) oppose indiscriminate attacks on those companies," Knowledge Economy Minister Hong Suk-woo said in a conference held by the Federation of Korean Industries.The FKI, led by G
July 28, 2012
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Seoul shares look to ECB, Fed next week
South Korean stocks are likely to be affected by European and U.S. policy measures next week as investors keep tabs on the European Central Bank and the U.S. Federal Reserve amid lingering worries over economic uncertainties, analysts said Saturday.The benchmark Korea Composite Stock Price Index rose 0.34 percent from a week earlier to end at 1,829.16 this week, with the market sinking to the 1,76
July 28, 2012
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Apple, Samsung set for blockbuster U.S. patent trial
SAN FRANCISCO (AFP) - Apple and Samsung are set to square off in a California court Monday in what is seen as the biggest patent U.S. trial in recent memory.Apple is seeking more than $2.5 billion in a case accusing the South Korean firm of copying designs and other patents from the iPhone and iPad maker in the trial in San Jose, California, federal court.Samsung however alleges that Apple infring
IndustryJuly 28, 2012
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KTX breaks down in tunnel
A high-speed train on its way from Seoul to Busan broke down for 68 minutes in a tunnel on Friday, news reports said. The KTX train stopped running suddenly near Busan between 3:42 p.m. and 4:50 p.m. while passing through Geumjeong Tunnel, the country’s longest, just 5 minutes from Busan station. A mechanical malfunction is believed to have been the cause but further inspection is necessary, a spokesman of Korea Railroad Corp. said.All the electric devices including air conditioning system stopp
July 27, 2012
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Woori Financial sale falls though
The sale of Woori Finance Holdings fell through on Friday as none of the expected bidders made a bid. The state-controlled financial company failed to be privatized as no one applied for the preliminary bids for the 57 percent government stake in Woori. KB Financial Group decided not to make a bid two days ahead of the deadline for preliminary bidding, and so did Kyobo Life Insurance, the Korean Federation of Community Credit Cooperatives, which had considered forming consortia for the bid, and
July 27, 2012
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Lee calls for efforts to prevent blackouts
President Lee Myung-bak instructed state bodies managing the electricity supply on Friday to cope with rising demand so there is no repeat of last year’s rolling blackouts.Lee made the remarks during his visit to Korea Power Exchange in southern Seoul to check whether the electricity supply was stable.There have been concerns that the nation could fail to meet soaring power demand as electricity demand spikes due to scorching temperatures. According to news reports, the country’s energy reserve
July 27, 2012
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Shares jump 2.62% on ECB chief’s pledge
South Korean stocks rallied 2.62 percent Friday as cheering remarks by the European Central Bank chief offered investors a sense of reassurance against the persistent eurozone crisis, analysts said. The local currency gathered ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index rose 46.69 points to close at 1,805.92. Trading volume was moderate at 393.4 million shares worth 4.54 trillion won ($3.95 billion) with gainers far outstripping losers 641 to 186.The ECB Presid
July 27, 2012
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Food cluster to open in North Jeolla Province
The Ministry for Food, Agriculture, Forestry and Fisheries announced on Friday plans to establish Korea National Food Cluster in North Jeolla Province by 2015. The 3.58-square-kilometer cluster to open in Iksan, named FOODPOLIS, will focus on boosting research and development in the food industry and expanding exports and developing related culture, ministry officials said.It aims to be a new hub for the global food market, said officials at the Agriculture Ministry’s Korean National Food Cluste
IndustryJuly 27, 2012
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Current account surplus hits record high in June
Korea’s current account surplus widened to a record high in June as imports declined amid falling oil prices and the bleaker economic outlook, the central bank said Friday.The current account surplus reached $5.84 billion in June, up from a revised $3.57 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The June data marked the largest surplus ever and the fifth straight month of the surplus run, according to the BOK.The
July 27, 2012
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NHN introduces translation app
NHN, the operator of Korea’s largest search engine Naver, has developed a proprietary voice-recognition application that enables users to search for foreign language expressions.Android-based smartphone consumers can access and download the app, named “Link,” which will introduce a list of foreign expressions after they speak into their phone in Korean.When users say, for instance, “hello” or “could you check in my luggage, please” in Korean, the Link app will translate and show how to say the p
TechnologyJuly 27, 2012
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Kia sees earnings surge by 25 percent
Kia Motors reported an operating profit of 2.3 trillion won ($2 billion) during the first half of 2012, up 25 percent on the same period last year.The automaker also saw its sales increase by 9.5 percent to 24.3 trillion won and net profit rise by 10.4 percent to 2.2 trillion won, posting all-time high figures on its financial statements.Despite global economic uncertainties, Kia recorded sales growth of 17.8 percent in the United States, 24.5 percent in Europe and 16.3 percent China.It sold 289
IndustryJuly 27, 2012
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Samsung Electronics posts record Q2 profits
Net reaches $4.5b as smartphones remain growth driver, but chip profits continue slideSamsung Electronics, the world’s largest tech company in terms of revenue, posted record earnings in the second quarter of this year, despite the global economic slowdown.The tech giant posted net profit of 5.2 trillion won ($4.5 billion) from April to June this year, up 48 percent from 3.5 trillion won a year earlier. Its operating profit reached 6.7 trillion won, up 79 percent from 3.8 trillion won, with reve
IndustryJuly 27, 2012
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Orange juices help keeping beauty
A study found that orange juices help become more beautiful.The research conducted by 200 beauty industry workers shows that a daily glass of orange juice improves skin, hair and nails because of the containments like vitamin C, potassium and folic acid.Yellow pigments of vitamin C help reducing sun-induced skin damage and improving elasticity of the skin.“Beauty experts are starting to see the benefits of a glass of this nutrient packed product, realizing it isn’t just what you put on your bod
TechnologyJuly 27, 2012
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Seoul shares jump 2.62 percent on ECB chief's pledge
South Korean stocks rallied 2.62 percent Friday as cheering remarks by the European Central Bank (ECB) chief offered investors a sense of reassurance against the persistent eurozone crisis, analysts said. The local currency gathered ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 46.69 points to close at 1,805.92. Trading volume was moderate at 393.4 mil
July 27, 2012
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‘Strange sea creatures?’ Mysterious video released
German wharf-men released a controversial online video about a mysterious discovery. The video features fleshy, tube-shaped objects with tentacles.The video described them as “strange sea creatures,” but some skeptical commenters dismissed them as floating intestines.A writer for Deep Sea News explained that the “double layer of membrane that contains blood vessels, lymph vessels, and nerves and connects the two parts of the small intestine” proves that the mysterious creature is definitely a la
TechnologyJuly 27, 2012