Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
[Graphic News] 77% of young Koreans still financially dependent
-
4
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
5
Yoon’s jailed mother-in-law excluded from latest parole list
-
6
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
-
7
[Pressure points] Leggings in public: Fashion statement or social faux pas?
-
8
Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
-
9
Aging population to drive down Korea's housing prices from 2040: experts
-
10
North Korea holds drills simulating nuclear counterattack against enemy
-
Shinhan raises W56.4b fund to create jobs
Shinhan Financial Group raised 56.4 billion won ($48.7 million) for the JOB S.O.S. II project, which saves up installments for those who found work at small or medium-sized companies and provides funds to such companies to encourage employment. The financial group has been showing particular interest in making social contributions. It was the first local bank to publish a report on social duties in 2005. It has been conducting many charity events, making donations and raising funds for social ca
June 19, 2012
-
Industrial electricity sales rise 4.2% in May
The growth of electricity consumption by South Korea’s industrial sector rose 4.2 percent on-year in May due mainly to export gains in energy intensive industries, the government said Tuesday.Sales of industrial electricity moved up to 21.53 billion kilowatt-hours last month from 20.67 billion kilowatt-hours reached a year earlier, according to the Ministry of Knowledge Economy. The gain marks a slowdown from an 8.5 percent on-year increase tallied in May 2011, although numbers accelerated from
June 19, 2012
-
Kyobo Life Insurance rated ‘AAA’ for sixth year
Kyobo Life Insurance was given an “AAA” credit rating by NICE, one of the top three South Korean credit rating agencies, for the sixth consecutive year. The insurance company announced on Tuesday that it received the top grade in NICE’s Insurer Financial Strength Rating. The IFSR is an overall assessment of an insurer’s financial health, profitability and risk management skills, it noted. The “AAA” grade signifies that it is unlikely that its financial strength will drop due to environmental cha
IndustryJune 19, 2012
-
NCsoft to cut up to 800 workers, move seen as a pre-merger step
Firm plans to give 6-12 month salaries for laid-off workersNCsoft said Tuesday that it will lay off up to 800 people this month, a plan announced shortly after Nexon acquired the largest stake of its rival online game firm.The company notified its employees on the same day that it will run a “small but strong and effective” organization with plans to provide compensation programs for the laid-off workers.NCsoft plans on offering six- to 12-month salaries as compensation to those leaving the com
IndustryJune 19, 2012
-
Hyundai seeks Samsung’s support for car semiconductors
Automaker officials foresee alliance after developing their own technologiesChances are growing in the automotive industry that Hyundai Motor could eventually be backed by factories of Samsung Electronics for its car-oriented semiconductor business in about a year.Officials of the two big companies have seemingly not ruled out the feasibility of their comprehensive partnership for what industry analysts call a lucrative car-semiconductor business.Hyundai Motor executives appear to be more positi
IndustryJune 19, 2012
-
Why companies should stay young
Koreans have recently begun using a buzzword called “9988.” This refers to living healthily until the age of 99. These days, an “upgraded” version called “9988234” is popular, which means living lively until 99, ailing for only two or three days before death. The average lifespan of Korean people is about 80. However, people wish to live longer in good health. Increasingly many senior citizens live younger than their age both in terms of their body and mind. There are even new terms referring to
June 19, 2012
-
Seoul stocks end flat on Spain jitters
South Korean stocks closed effectively unchanged Tuesday as troubles in Spain's bonds market offset Greece's upbeat election results, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 0.06 points to close at 1,891.77. Trading volume was light at 362 million shares worth 3.44 trillion won (US$2.97 billion), with losers
June 19, 2012
-
Undersea object probably not a UFO
A mysterious object at the bottom of the Baltic Sea isn't a UFO, Swedish researches say, but they add they don't have a sure idea of what it is, either.The object, located on the sea floor between Sweden and Finland, is some sort of "natural, geological formation," Peter Lindberg, the leader of the Ocean Explorer team, told FoxNews.com.Lindberg and other scientists and divers spent 12 day explorin
TechnologyJune 19, 2012
-
Model files lawsuit against Abercrombie & Fitch
A former employee of Abercrombie & Fitch has filed a lawsuit claiming he was forced to conduct sexual acts at a photo shoot in order to look more “relaxed.”Benjamine Bowers claims that the casting director of the retailer sent him to a modeling agent, Brian Hilburn, who made him take off his clothes and pleasure himself in front of the camera.Bowers is filing the suit for $1 million, British media reported Sunday. At the photo shoot, which allegedly took place June 17, 2011, Hilburn persuaded
IndustryJune 19, 2012
-
Indian women claim 'Right to Pee'
Women in India, assailing the lack of public toilets available to them, have begun a Right to Pee Campaign, a report said Thursday.The humorous slogan, coined by the Mumbai, India, media, masks the dependence of the population on public restrooms, and the imbalance of men's rooms to those available to women, The New York Times said Thursday.A government study indicated the public sanitation system
TechnologyJune 19, 2012
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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