Most Popular
-
1
Debate rages over ‘overly fatty’ samgyeopsal
-
2
40 flights canceled on Jeju Island due to bad weather
-
3
[Weekender] Korean psyche untangled: Musok
-
4
N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
-
5
Pandemic left Korea more depressed than before: report
-
6
Gov't appears to shelve punitive measures against mass walkout by doctors
-
7
[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
-
8
From fake prostitution ring to nonexistent robber, prank calls hamper police
-
9
Missing S. Korean traveler in Paris found safe after 2 weeks
-
10
S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
-
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
-
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
-
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
-
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
-
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
-
Book signing event for N.K. defector
The French Korean Chamber of Commerce and Industry will hold a cocktail party and book signing on Tuesday. A 26-year-old North Korean defector, who goes by the assumed name of Kim Eun-sun, will present her book titled “North Korea: The Nine-Year Escape from Hell.” The event will take place at the French bistro and restaurant Le Saint-Ex in Itaewon. The book’s co-author, Sebastien Falletti, will also attend. Falletti works as a Seoul-based correspondent for the French newspapers Le Figaro and Le
June 18, 2012
-
Luxury brands join charity donations
Louis Vuitton, Gucci, Ferragamo and Hermes begin charity programs with eye on growing Korean marketLouis Vuitton Korea signed Wednesday an agreement to help the Purme Foundation, a non-profit organization devoted to building rehabilitation hospitals in Korea. The France-based luxury fashion brand made a donation toward patient treatment and construction of speech disorder treatment rooms at Sejong Maeul Purme Center, the first-ever private sector-led rehab institution for disabled children to be
IndustryJune 18, 2012
-
Homeplus CEO calls for embracing new CSR model
Homeplus CEO Lee Seung-han, said that corporations should embrace a new type of corporate social responsibility model in order to stay competitive in the changing economic times. Lee made the remarks during a lecture he gave at the Rio +20 Corporate Sustainability Forum, held in Rio de Janeiro, Brazil, on Saturday.Lee, who also serves as the president of the U.N. Global Compact Korea Network, said that corporations should make social and environmental issues a part of their core business, especi
June 18, 2012
-
Obesity could end human race
A study found that overweight people could end the human race by eating all the world’s food.Conducted by the London School of Hygiene and Tropical Medicine, the study revealed that the number of obese people has been growing and said the demand for food resources will surge.According to the United Nations, the world’s food resources are expected to be depleted by 2050 as the global population grows.“Our study shows population fatness is also a major threat,” said professor Ian Robert, who led t
TechnologyJune 18, 2012
-
S. Korea, Mexico agree to resume FTA talks before September
South Korean President Lee Myung-bak and Mexican President Felipe Calderon agreed Sunday to resume stalled negotiations on a free trade agreement between their countries this year, an official said.The two leaders reached the agreement during summit talks held after Lee arrived in the Mexican resort city of Los Cabos for a summit of the Group of 20 major economies, set for Monday and Tuesday.South
June 18, 2012
-
'Vampire' rites still have bite in Bulgaria
This picture taken on Thursday shows a skeleton with an iron piece before being exposed at the National History museum in Sofia. (AFP-Yonhap News)The ancient skeleton of a man, pinned down in his grave in order not to turn into a vampire, was put on show in Bulgaria last week, where vampire tales and rites still keep their bite even nowadays.The 700-year-old skeleton -- unearthed in the necropolis
TechnologyJune 18, 2012
-
Seoul shares open higher on Greek election results
South Korean stocks opened higher Monday following the victory of pro-bailout parties in the Greek elections that could allow the country to stay within the eurozone, analysts said.The Korea Composite Stock Price Index (KOSPI), which fell Friday due to mounting concerns ahead of Greece's critical elections, moved up 1.97 percent, or 36.69 points, to 1,894.85 in the first 15 minutes of trading.Mark
June 18, 2012
-
6.4 quake hits off east coast of Japan: USGS
A 6.4-magnitude undersea earthquake on Monday jolted the sea area off the east coast of Honshu, the main island of Japan, US seismologists said, but no tsunami alert was issued.The US Geological Survey said the quake had a depth of 31 kilometers (20 miles) and hit at 5:32am (2032 GMT Sunday) some 140 kilometers east of the city of Sendai.In March last year a 9.0-magnitude undersea earthquake off J
TechnologyJune 18, 2012
-
Samsung, Apple dominate smartphone markets
Samsung Electronics and its close rival Apple are dominating the global smartphone markets, accounting for more than a half of the share.The number of smartphones that hit the markets totaled 145 million in the first half of this year, according to data by ABI Research, a tech research firm.This is an increase of 41 percent from the same period a year ago.The Korean tech manufacturing giant enjoyed sales of 43 million Galaxy series phones in the first quarter, becoming the number one in the sect
TechnologyJune 17, 2012
-
CJ O to open TV shopping channel in Thailand
CJ O Shopping Co., one of South Korea’s major home shopping channels, will launch a 24-hour TV shopping channel in Thailand on Monday in a joint venture with a local firm, a company spokesman said Sunday.G“CJ O Shopping, a joint venture with the biggest Thai entertainment and media group GMM Grammy, will show Korean as well as foreign-made electronic consumer products and other goods to 12 million households in the Southeast Asian nation, the spokesman said.G”CJ O Shopping is the fifth of its ki
IndustryJune 17, 2012
-
Trade group to set payment limit of exporters to Iran
The Korea International Trade Association said Sunday that it started controlling local companies’ exports to Iran from June 12 following the European Union’s tightened sanctions on the Middle Eastern country. The EU enacted rules in March to stop insurance coverage on all tankers carrying Iranian crude oil starting July 1 as part of sanctions on Iran to force it give up its nuclear program. With the temporary measure taken by the quasi-state trade agency, Korean companies can face restrictions
IndustryJune 17, 2012
-
Shipbuilding industry likely to begin rebounding in 2014: BOK
South Korea’s shipbuilding industry will likely begin picking up in 2014 despite the slumping global economy caused by lingering concerns over the eurozone debt crisis, a report said Sunday.The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index reached 103.21 points.SBI is a measure of shipbuilding demand, shipping business sentiment, global trading volume and several other factors affecting the shipbuilding industry developed by the Bank of Kore
June 17, 2012
-
Hanaro Mart under fire for opening alone
Civic groups and small and medium-sized merchants are calling for the revision of a controversial law so that Nonghyup Hanaro Mart and Hanaro Club close two days per month along with other retail giants such as E-Mart. People’s Solidarity for Participatory Democracy, one of the leading civic groups, is petitioning for the revision of the law and is contacting members of the opposition parties for support, according to reports. More than 70 percent of the nation’s discount retailers such as E-Mar
IndustryJune 17, 2012
-
Gas station operators threaten to close over discount retailers
Operator association resists government’s plan to open more inexpensive oil stationsGas station operators have threatened to close temporarily at the same time unless the government halts plans to open more discount gas stations in their efforts to curb rising gasoline prices. The Korea Oil Station Association claimed on Friday that the government’s policies to increase discount gas stations disregard the gas station market which is suffering from its worst-ever financial strain. KOSA said the m
IndustryJune 17, 2012
-
Foreign IBs positive on Nexon’s NCsoft takeover
HONG KONG (Yonhap News) ― Foreign investment banks have a positive view on South Korea’s online game giant Nexon Korea Corp.’s takeover of its smaller rival on the home turf, bank officials said Friday.In a surprise move, Nexon announced last Friday it had acquired a majority stake in NCsoft Corp. from the latter’s founder and chief executive Kim Taek-jin through a private transaction.Following the deal, Nexon is now the largest shareholder of NCsoft with a 14.7 percent stake, followed by Kim wi
June 17, 2012