Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Contentious grain bill put directly to plenary meeting for vote
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Seoul says Fu Bao loan 'not going to happen'
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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Samsonite pulls bags from HK amid safety scare
Samsonite International SA pulled its ``Tokyo Chic'' line of luggage from Hong Kong stores on Monday after a local consumer group reported finding high levels of compounds linked to cancer in the handles, although the company insisted the bags were safe.The Hong Kong Consumer Council said last week it found that the side handles on three Samsonite suitcases had higher levels of polycyclic aromatic
IndustryJune 19, 2012
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Microsoft unveils 'Surface' tablet in iPad challenge
Microsoft on Monday unveiled a Surface tablet computer as the technology titan steps in with its own hardware to take on Apple's market-ruling iPads.Microsoft chief executive Steve Ballmer described the iPad challenger as a tablet that "works and plays" when he showed it off at a press event in Los Angeles.Surface is also the name of table and poster-sized touch screen computers that Microsoft ha
TechnologyJune 19, 2012
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Ancient warming turned Antarctica green
Ancient global warming allowed the greening of Antarctica and substantial vegetation sprouted on the frozen continent 15 million years ago, researchers say.Ancient Antarctica was warmer and wetter than previously suspected -- enough to support vegetation, including stunted trees, along its edges -- researchers from the University of Southern California, Louisiana State University and NASA‘s Jet Propulsion Laboratory reported Sunday.Summer temperatures along the Antarctic coast 15 million to 20 m
TechnologyJune 19, 2012
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Bronze Age necropolis uncovered in Serbia
This image is not directly related to the story (Image from movie "Lord of the Rings")Serbian archaeologists say a 4,000-year-old Bronze Age necropolis was unearthed during road construction work near Vranje, 170 miles south of Belgrade.The site contains the remains of individuals burned in funeral pyres, Aleksandar Bulatovic, the coordinator of a project of archaeological research and preservatio
TechnologyJune 19, 2012
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Seoul shares open lower on Spain's financial woes
South Korean stocks opened lower Tuesday as jitters over Spain's banking and bonds market raised fears that eurozone woes will continue to weigh down the global economy, analysts said.The Korea Composite Stock Price Index (KOSPI), which rallied Monday on Greece's election results, fell 0.27 percent, or 5.13 points, to 1,886.58 in the first 15 minutes of trading.Market bellwether Samsung Electronic
June 19, 2012
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S. Korean consumers think FTA will improve economic health: poll
South Korean consumers think free trade pacts will help improve the country's overall economic health and competitiveness, a poll showed Tuesday.The nationwide survey by the Korea Chamber of Commerce and Industry (KCCI) showed 70.2 percent of all respondents saying open trading systems will improve economic health by fueling fair and constructive competition.Only 10.8 percent of those polled said
June 19, 2012
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S. Korea, Canada agree to resume free trade talks
South Korean President Lee Myung-bak and Canadian Prime Minister Stephen Harper agreed Monday to resume stalled free trade talks between the two countries this year.The two leaders reached the agreement during a meeting on the sidelines of a summit of the Group of 20 major economies in Mexico's resort city of Los Cabos, sharing a need to further boost trade and investment between the two countries
June 19, 2012
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Skilled international workers in high demand: recruitment executive
For a lucky few, it’s a myth that there aren’t enough jobs to go around. Rather, employers are willing to shell out big bucks for Generation Xers and Yers with a special set of skills, according to a top executive of multinational recruitment firm Robert Walters.“In many of the countries in which we operate, we’ve seen increased requirements for bilingual (or) multilingual people who have worked in an international environment,” said David Swan, the managing director of Robert Walters Japan and
June 18, 2012
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Markets buoyed by Greek election results
Korea’s stock markets rallied on Monday along with other Asian bourses as fears of Greece’s exit from the eurozone receded after pro-bailout parties won enough seats to control parliament. The Korean won gained against the U.S. dollar for the fourth trading day in a row.Financial authorities in Seoul breathed a sigh of relief at the Greek election results, but warned that financial risks in Europe still persisted. The Financial Services Commission and the Financial Supervisory Service discussed
June 18, 2012
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LS Cable wins French power cable deal
LS Cable & System Ltd., South Korea’s top wire and cable maker, said Monday it has landed a deal to build a high-voltage power line in France, the first local company to do so.Under the deal with state-run Electricity of France, LS Cable said it will set up a 5.5-kilometer, 225-kilovolt transmission line for a power plant in northwestern France.LS Cable said the contract also calls for supplying materials for associated connectors, laying the cables and supervising the overall project. Financial
IndustryJune 18, 2012
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SK unit forms NFC alliance
Group of six tech companies aims to boost mobile payment marketSK Planet, a Korean mobile platform operator, has formed a business alliance with six other Korean tech firms to boost the technology and use of near-field communication in Korea.The six, which each has its own technological specialization in NFC, are: SK C&C, Ubivelox, QnSolv, Mcom, Harex Infotech and AT Solution.The newly launched alliance is called “NFC Biz Partner Group,” noted SK Planet, which is a wholly owned subsidiary of SK
TechnologyJune 18, 2012
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New Samsung Electronics CEO stresses global competitiveness
Kwon promises delegation of authorities to enhance innovationSamsung Electronics’ new chief executive Kwon Oh-hyun officially took office on Monday by encouraging his employees to enhance the firm’s competitiveness amid the era of rapid change in the electronics industry.“Samsung Electronics is at the turning point of becoming a genuine top global firm,” Kwon said in a message sent to employees. “We must not hesitate or settle with where we are right now, but transform into an innovative company
IndustryJune 18, 2012
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Korea to accelerate spending to boost growth: ministry
The government plans to make certain that the state budget earmarked for use in the second half will be spent in a timely manner to bolster economic growth, the Finance Ministry said Monday.In a budget review meeting chaired by Vice Finance Minister Kim Dong-yeon, Seoul said it will do its best to inject money into projects in the coming months without delay.“The goal is to reduce the size of funds that are carried over into next year or not used at all because of various obstacles,” the senior
June 18, 2012
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Blizzard to offer compensation, refunds for poor service of Diablo 3
Blizzard Entertainment has finally given in to growing demands by consumers for refunds and compensation over its poor data-server management and service for Diablo 3.It will fully pay back 55,000 won to unsatisfied users who digitally downloaded Diablo 3 via the Battle.net account, or those who purchased the packaged game after 5 a.m. on June 21, according to Blizzard’s Diablo 3 website.Players whose game level is below 40 can also apply for a refund, it noted.Blizzard will begin accepting refu
TechnologyJune 18, 2012
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Korea-China FTA to increase international use of yuan: expert
HONG KONG (Yonhap News) ― A free trade pact between South Korea and China will likely bolster the international use of the yuan as more traders may use the Chinese currency for their transactions, a Chinese researcher said Monday.“The increasing bilateral trade and economic cooperation will provide a foundation for the development of the financial sector involving the two countries,” Dong Yan, a research fellow at the Chinese Academy of Social Sciences, said in a report. “South Korean exporters
June 18, 2012
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New nuclear reactor halted again on glitch
GYEONGJU (Yonhap News) ― One of the new nuclear reactors under trial operation here has shut down due to a technical glitch, a week after resuming a test run following a stoppage due to flaws in coolant pumps in March, officials said Monday. The Shin (New) Wolsong 1 reactor went offline on Sunday morning after its turbine generator was automatically stopped, said officials at the Korea Hydro & Nuclear Power Co. It did not cause any leaks of radioactive materials or other serious accidents, but r
June 18, 2012
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Korean firms, Jilin province agree on W3.9tr investment projects
South Korean firms and China’s Jilin province agreed to engage in joint venture projects worth 3.9 trillion won ($3.4 billion), a local business organization said Monday.Under the memorandum of understanding reached in Seoul, 48 South Korean companies and 48 Chinese regional government agencies and businesses will form partnerships to move forward on various business projects, the Korea Chamber of Commerce and Industry said.The two sides will engage in such areas as agriculture, construction, en
June 18, 2012
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Self-employed tradesmen threaten Lotte Card boycott
Self-employed tradesmen across the country have threatened to boycott Lotte Card starting next month in protest of the low commission rate Lotte Mart applied to its credit card affiliate. A group of about 1 million self-employed businesspeople and some 60 organizations representing massage parlors, motels, restaurants and bars said Monday they will start boycotting Lotte Card and Lotte Mart from July 1. Lotte VIC Market, a warehouse store chain established by Lotte Mart to launch late this month
June 18, 2012
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British Chamber organizes rooftop BBQ
The British Chamber of Commerce in Korea will hold a “Rooftop BBQ Shindig” on June 28. A celebration for the upcoming London 2012 Summer Olympics, the party will take place at the serviced residence called Somerset Palace Seoul, located in Susong-dong. Casual sportswear is recommended, and attendees will also get an opportunity to win prizes such as air tickets and wine.For enquiries, email administrator@bcck.or.kr.
June 18, 2012
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Philips Electronics kicks off health campaign
Philips Electronics Korea kicked off the local version of a global health and wellness initiative called “Simply Healthy @ Schools” on Friday, on the Korean islets of Dokdo and Ulleungdo. The Dutch multinational company’s community wellness program has been held in 50 countries and has benefited about 14,000 children to date, according to company officials. The company also donated defibrillators and LED lamps to schools and institutions on Ulleungdo, and also held a CPR training program for stu
June 18, 2012