Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Korean brokerages’ foreign units see losses widen in 2011
Korean securities firms saw losses at their foreign operations widen in fiscal 2011 from a year earlier, due mainly to increased deficits in their Hong Kong businesses amid worsening offshore market conditions, the financial regulator said Tuesday. The 93 foreign units of 19 local brokerages saw their combined net loss reach $93.8 million during the year that ends on March 31 2012, compared with a loss of $62.6 million a year earlier, according to the Financial Supervisory Service. The firms clo
July 10, 2012
-
IT exports shrink 5.2% in first half
Korea’s exports of information technology products sank 5.2 percent on-year during the first half of the year, mainly due to weak demand from European consumers gripped by protracted eurozone debt problems, data showed Tuesday.The country shipped $73.27 billion worth of IT products during the January-June period, down from $77.32 billion a year earlier, according to the data released by the Ministry of Knowledge Economy.During the same period, South Korea also saw its IT imports drop 6.5 percent
TechnologyJuly 10, 2012
-
Eurozone crisis to weigh down on industrial conditions in H2: KCCI
The Korea Chamber of Commerce and Industry announced Tuesday that industrial conditions will worsen in the latter half of this year due to the economic crisis occurring in the eurozone.In research conducted with 11 different organizations, the second-half forecast for the information and telecommunications and machinery sectors is on the bright side with a slightly mixed outlook for semiconductor, automobile and petrochemical businesses.But outlooks for the steel, oil refinery, clothing and cons
IndustryJuly 10, 2012
-
KEPCO proposes 10.7% hike in electricity charges
The board of directors of Korea Electric Power Corp. agreed to propose a 10.7 percent increase in electricity charges to the government, the state-run energy supplier said on Tuesday. KEPCO insisted that the proposal is inevitable to stabilize living costs and meet rising production costs. “Electricity is a precious shared resource that is produced at only 40 percent efficiency from 100 percent imported carbon-emitting energy sources, such as oil, coal and liquefied natural gas,” said Lee Gi-pyo
July 10, 2012
-
Genes offer business tips
What is life? By definition, life refers to organisms that reproduce, metabolize, grow and respond to stimulus. Richard Dawkins, an evolutionary biologist, made a different interpretation of life in his iconic book “The Selfish Gene.” He argued that life was a method by which genes reproduce and evolve while adapting to environments. Since the first life appeared on Earth 3.7 billion years ago, there have been five mass extinctions that wiped out 60-80 percent of living creatures on this planet.
July 10, 2012
-
CJ Group fosters innovative corporate culture
Conglomerate allows speedy promotion to executives, grills workers to quit smokingCJ Group recently introduced a package of unconventional systems as part of its move to set up a unique corporate culture.A new eye-catching system is “fast-track promotion,” which gives employees opportunities to become an executive within 10 years of being hired.Under the unprecedented personnel benefit, more CJ employees in their 30s may be promoted to executives.Formerly, as in the case of other conglomerates,
IndustryJuly 10, 2012
-
Seoul shares down 0.36 percent on eurozone woes
South Korean stocks closed 0.36 percent lower on Tuesday as investors' sentiment was undermined by fruitless European meetings and pessimistic Chinese economic data, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 6.68 points to 1,829.45. Trading volume was light at 363.9 million shares worth 3.3 trillion won ($2.89 billio
July 10, 2012
-
Sitting less may extend American lives: study
(123rf)American adults may boost their life expectancy by two years by sitting for fewer than three hours a day, researchers said Tuesday, while admitting this was a tough task.Reducing television viewing to under two hours a day could similarly add1.4 years, the US team said in a paper in the online journal BMJ Open.A recent study found that US adults spend about 7.7 hours per day engaged in "s
TechnologyJuly 10, 2012
-
‘Irreplaceable’ dinosaur fossil destroyed
An “irreplaceable” dinosaur fossil destroyed at a dig in western Canada is the fourth fossil to be damaged in the last two months, a paleontologist says.The skeleton of a duck-billed Hadrosaur was discovered in Alberta June 15 by paleontologist Phil Bell and a team from the University of Alberta, CBC News reported.At that time, the fossil was partially uncovered by the team and then reburied so it could be removed from the site in mid-July.When Bell visited the site Thursday, he discovered the 3
TechnologyJuly 10, 2012
-
13 South Korean companies on Fortune’s Global 500
Thirteen South Korean companies made the ranks of Fortune Magazine’s Global 500 list on Monday. According to the magazine’s online edition, Samsung Electronics Co. was ranked 20th in terms of sales in 2011. SK Holdings, which was 82nd in 2011, climbed to 65th this year. However, Hyundai Motor Co. slid from 55th to 117th.Samsung Electronics Co. was also 32nd on the Most Profitable list, which was first place among South Korean corporations.Royal Dutch Shell, the Netherlands-based energy company,
July 10, 2012
-
Math anxiety higher in girls than in boys?
More girls than boys are likely to experience math anxiety that may hurt their classroom performance in the subject, British researchers say.High math anxiety was a stronger predictor of poor test performance for girls than for boys, researchers from Cambridge and Oxford Universities said -- and could keep girls from persisting with their math education and pursuing careers that require quantitati
TechnologyJuly 10, 2012
-
Sounds of Northern Lights confirmed
(123rf)Sounds associated with auroras, or northern lights, described in folktales and by wilderness wanderers, have been confirmed by Finnish researchers.Scientists at Aalto University using microphones determined the crackles or muffled bangs are formed about 70 meters above ground level."Our research proved that, during the occurrence of the northern lights, people can hear natural auroral sound
TechnologyJuly 10, 2012
-
Sitting less may extend American lives: study
American adults may boost their life expectancy by two years by sitting for fewer than three hours a day, researchers said Tuesday, while admitting this was a tough task.Reducing television viewing to under two hours a day could similarly add1.4 years, the U.S. team said in a paper in the online journal BMJ Open.A recent study found that U.S. adults spend about 7.7 hours per day engaged in "sedent
TechnologyJuly 10, 2012
-
Seoul shares open higher on foreign buying
South Korean stocks started higher on Tuesday as foreign investors scooped up shares of local heavyweights, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.02 points, or 0.22 percent, to 1,840.15 in the first 15 minutes of trading.Market bellwether Samsung Electronics climbed 0.36 percent and its smaller rival LG Electronics rose 0.33 percent.Shipbuilders also lent sup
July 10, 2012
-
EUCCK members concerned about imposition of W4.5b fine
Some key members of the European Union Chamber of Commerce in Korea expressed concerns on Monday about Korea’s tax authorities’ decision to levy a 4.5 billion won fine ($3.95 million) on the EUCCK for failing to report and pay income generated from its in-house magazine ad sales.A senior member of the 26-year-old organization said the EUCCK may have to close its doors due to the heavy fine.“Most likely, (the EUCCK) will not be able to pay, (as) it is close to bankrupt,” he told The Korea Herald,
July 9, 2012
-
SK Telecom world’s first in sending 3-D broadcast through LTE network
SK Telecom said Monday that it transmitted 3-D broadcasting content through its Long Term Evolution networks for the first time in the world.In an opening ceremony of the 3-D Media Lab in Sangamdong, Seoul, SK Telecom successfully field-tested the 3-D broadcasting transmission.This marks the first time where media and telecommunications technologies of 3-D broadcasting equipment and LTE networks have been integrated, SK Telecom noted.As 3-D visuals take up a lot more data space than conventional
TechnologyJuly 9, 2012
-
Smoothie King Korea buys parent company
Smoothie King Korea announced Monday that it has completed an M&A takeover of its U.S.-based parent company, making it the first Korean beverage chain to stage a takeover of its overseas head office. According to the company, the takeover was finalized on July 7.The Korean franchise of the beverage and health food chain was able to complete the process thanks to a 58 billion won ($50.9 million) investment from Standard Charted Private Equity, the National Pension Service, and other investors. Co
July 9, 2012
-
Celebrity-run shopping malls fined for unfair trading practices
The nation’s antitrust watchdog said Monday that it had imposed a combined 38 million won ($33,260) in fines on six online shopping malls run by TV celebrities for unfair business practices. The companies included Aura-J, run by actress Jin Jae-young, I Am Yuri by singers Yuri and Baek Ji-young, and Amai by singer Hwang Hye-young, all of which posted sales last year ranging from 2 billion won to 20 billion won. The Fair Trade Commission investigated the nation’s top 10 online shopping malls base
IndustryJuly 9, 2012
-
Korea’s economy forecast to expand in H2: OECD
South Korea’s economy is expected to expand in the second half of this year despite cloudy external market situations caused by prolonged eurozone debt problems, data showed Monday.According to the data released by the Organization for Economic Cooperation and Development, the composite leading indicator of economic activity for South Korea inched up to 100.1 in April, up from 99.9 in the previous month.This is the first time in 11 months the indicator for Korea has surpassed the 100 mark. South
IndustryJuly 9, 2012
-
LG CNS to issue ID cards on smartphones
LG CNS, an information technology service firm, said Monday that it will have its employees carry their identity cards inside their smartphones for office access.With plans to test the system in October, the firm signed an agreement to cooperate with telecoms KT and LG Uplus on near-field communication technology which is deemed to strengthen information security on the same day.The firm will equip the employee’s smartphone with a universal subscriber identity module applet which will enable the
IndustryJuly 9, 2012