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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Medical reform committee kicks off despite boycott from doctors
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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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
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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
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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
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‘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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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LG top in LTE patents: report
A report showed on Monday that LG Electronics owns the highest number of patents related to Long Term Evolution, the fourth-generation communications network technology.The report released by U.S.-based technology and intellectual property research firm TechIPm said the country’s electronics firm LG was noted to be the leading possessor of LTE essential patents as of the second quarter this year. LG was followed by Nokia, Samsung, Motorola, Nortel, InterDigital and Qualcomm, according to the rep
IndustryJuly 9, 2012
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Samsung said to plan Windows RT tablet
Samsung Electronics, the largest phone maker, will release a tablet that features Microsoft Corp.’s Windows RT software when the operating system debuts, people with knowledge of the matter said. Samsung has made a handheld computer built on Windows RT, the first version of Windows that works on ARM Holdings Plc technology, said the people, who asked not to be identified because the plans haven’t been made public. Windows RT devices will be released in October, one person said. The decision to s
TechnologyJuly 9, 2012
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Renault Samsung to build solar power plant
Carmaker aims to enhance its eco-friendly leadership in auto industryRenault Samsung Motors said Monday that it would convert the parking lots and rooftops of its Busan factory into the world’s largest solar power plant to be located within a manufacturing facility by December. The carmaker said the Busan Shinho Solar Plant will be located on the 300,000 square-meter wasteland within the 500,000 square-meter factory site, with arrays of photovoltaic panels being installed there. For the solar p
IndustryJuly 9, 2012
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Seoul bourse little affected by rate cuts in China, Europe: report
HONG KONG (Yonhap News) ― The South Korean stock market has received neither a boost nor a drag from last week’s rate cuts in China and Europe as it is more affected by their macroeconomic data, Goldman Sachs said Monday.Last Thursday, the People’s Bank of China, China’s central bank, and the European Central Bank concurrently announced rate cuts in an apparent attempt to boost their weakening economies.The rate cuts did not affect the South Korean market directly, but China’s macroeconomic data
July 9, 2012
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Corporate bond sales up 9.4 percent in H1
Korean companies’ bond sales rose 9.4 percent in the first half from a year earlier, led by state-run firms, as borrowing costs have been on the decline amid economic uncertainty, the securities depository agency said Monday.Bond issuances by financial and non-financial firms amounted to 154.2 trillion won ($135 billion) in the January-June period, compared with 141 trillion won a year earlier, according to the Korea Securities Depository.State-run companies sold bonds worth 45.4 trillion won in
July 9, 2012