Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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Pandemic left Korea more depressed than before: report
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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Korea’s household debt problem as serious as Spain’s: KCCI report
Korea’s ratio of household debt to gross domestic product has exceeded the average figure held by members of the Organization for Economic Cooperation and Development.According to the Korea Chamber of Commerce and Industry, Korea’s household debt-to-GDP ratio reached 81 percent, surpassing 73 percent of the OECD average.The level is quite serious as it is similar to the ratio (85 percent) of Spain which is suffering from a financial crisis and far exceeding that (61 percent) of Greece, one of th
June 14, 2012
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KCC to restrict websites from collecting national ID numbers
The Korea Communications Commission said Thursday that it will soon begin restricting websites from requiring subscribers or users to register their resident identification numbers.This measure follows a law revision that will be implemented beginning August 18, in an effort to make Korea a “clean Internet” society, which had been vulnerable to hacking and ID theft.All online sites, including portals, e-commerce and shopping malls, will not be able to ask or demand that consumers type in their n
IndustryJune 14, 2012
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Korean cosmetics sales rise at Seoul duty free shops
Beauty products are the most sold Korean-made products in Seoul’s duty free shops. According to research released by Seoul Main Customs Office on Thursday, sales of products made in Korea steadily increased at six duty free shops in Seoul, led by the popularity of cosmetics goods. The total sales of made-in-Korea products for the first four months of this year hit 166.8 billion won ($142 million), a 64 percent increase compared to the same period last year. Last year, the overall figure was 396.
IndustryJune 14, 2012
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Construction begins on Saemangeum sea port
The construction of a new international port in Saemangeum kicked off on Thursday with a groundbreaking ceremony in Gunsan, North Jeolla Province, paving the way to a boost of the local economy, officials said. Planned to be built upon Saemangeum, a massive plot of reclaimed land along the southwest coast, the new port will induce the creation of 22,400 jobs, the Ministry of Land, Transportation and Maritime Affairs said. The Land Ministry plans to pour 2.5 trillion won ($2.1 billion) into the p
June 14, 2012
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Recovering tire producers eye expansion
Hankook seeks new growth engine; Kumho strives to resume building U.S. plantThe nation’s two largest tire manufacturers ― Hankook and Kumho ― are preparing for stiffer competition at home and sales battles with global players overseas.Though the companies had to delay investment and a variety of projects, their recent painstaking efforts to improve their financial status and management structure have been highly evaluated in the market.Kumho Tire, which has been under joint control of creditor
IndustryJune 14, 2012
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Greece’s exit from eurozone a matter of time: expert
Shin Hyun-song, Princeton University professor and former advisor to President Lee Myung-bak on international economy, said Thursday that Greece’s exit from the eurozone was a matter of time.“We don’t know whether it will be determined by the Greek election this weekend or later, but since there is a fundamental contradiction, it can’t keep going,” Shin told reporters at the Bank of Korea.“We don’t know the timing or the level of support Greece will get from other EU countries, but if the contag
June 14, 2012
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Seoul shares gain 0.65% as investors remain calm
South Korean stocks gained 0.65 percent Thursday as investors remained calm in the face of mounting eurozone woes and took a wait-and-see stance ahead of the Greek elections, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index, after a choppy session, moved up 12.16 points to 1,871.48. Trading volume was light at 4.14 million shares worth 4.77 trillion won ($4.09 billion), with gainers outpacing losers 432 to 379.“The downgrading of Spai
IndustryJune 14, 2012
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SKT launches fraud compensation service
SK Telecom, Korea’s largest mobile carrier, has launched a service that will ensure consumers receive compensation when hit by financial fraud via mobile networks.The service, named “Safe and Joy,” will offer its customers compensatory damages of between 1 to 3 million won, which they can use to take legal action, should they fall victim to voice and messenger phishing, and credit card misuse. Parents of Safe and Joy’s customers who had been exposed to such fraud can also receive the same financ
June 14, 2012
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Banks slapped on wrist for misconduct
FSS says most unlawful practices detected at large institutionsMajor banks have been caught for misconduct such as failing to confirm real names in financial transactions or making borrowers purchase financial products to have their loan applications approved, the Financial Supervisory Service said Thursday. The nation’s top financial regulator said it reprimanded numerous banks 53 times and punished 348 bank employees over the past two years.The FSS issued institutional warnings to KB Kookmin B
June 14, 2012
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Apple bid to stop Samsung smartphone in U.S. stalled
SAN FRANCISCO (AFP) ― Apple’s effort to stop South Korea’s Samsung from launching its newest iPhone challenger in the U.S. has been derailed by complex maneuvering in the patent war between the companies.Apple backed off a last-minute request to block the Galaxy S3 model’s U.S. release after U.S. District Court Judge Lucy Koh warned that it would force a postponement of a June 21 hearing in the patent infringement case.“If Apple seeks to file a motion to enjoin sales of the Samsung Galaxy S III,
TechnologyJune 14, 2012
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Nexon fined 771 million won for passing on users’ private info
The Korea Communications Commission on Thursday fined Nexon Korea 771 million won ($660,880) for passing on private user information to a client firm without users’ consent.The state media regulator agreed in a committee’s general meeting that the country’s biggest game firm pay the amount for not obtaining users’ permission in providing its short message service with Mobilians from 2006-2010.“During the five years, it has been discovered that the company did not get the permission from owners o
IndustryJune 14, 2012
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KEPCO promises ‘perfect’ nuclear plants in UAE
Korea’s power giant to hold support rally for nuclear power plant deal with the Middle Eastern countryThe nation’s state-run energy supplier Korea Electric Power Corp. will hold a resolution rally at its Seoul headquarters Friday, vowing for the safety, quality and integrity of its ongoing nuclear power plant deal with the United Arab Emirates.About 500 executives and staff from KEPCO, Doosan Heavy Industries and Construction Co., Hyundai Engineering and Construction Co., Samsung C&T Corp. and o
IndustryJune 14, 2012
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Experimental diabetes drugs offer patients hope
TRENTON, New Jersey (AP) ― Some experimental diabetes treatments in late testing offer patients hope of better controlling their blood sugar and weight and preventing dangerously low blood sugar, all big challenges for millions of diabetics.Results from studies of several new diabetes medicines and insulin products, just announced at the premiere U.S. conference for diabetes specialists, likewise hold the promise of billions in annual revenue for drugmakers that have dominated the diabetes marke
TechnologyJune 14, 2012
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Reasons for bruising
We can get bruises from bumping into objects without knowing, getting hit by objects or falling over. Black bruises are formed when the blood vessels beneath the skin are damaged. When the blood pigment is absorbed the bruise becomes blue.Bruises and swelling are more obvious in areas with particularly thin skin. Women tend to bruise more easily than men because women have thinner layers of skin, their tissues are more delicate and they are more likely to get thrombocytopenia ― a lack of platele
TechnologyJune 14, 2012
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CDC: Older teens often text while behind the wheel
ATLANTA (AP) ― Think your teen would never text while driving? More than half of high school seniors admitted in a government survey that they’ve done just that.It’s the first time the question was asked in a teen poll on risky behavior, and the finding comes amid a renewed federal crackdown on distracted driving.Texting and cellphone use behind the wheel is “a national epidemic,” Transportation Secretary Ray LaHood said Thursday.“We need to teach kids, who are the most vulnerable drivers, that
TechnologyJune 14, 2012
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WHO’s cancer agency: Diesel fumes cause cancer
LONDON (AP) ― Diesel fumes cause cancer, the World Health Organization’s cancer agency declared Tuesday, a ruling it said could make exhaust as important a public health threat as secondhand smoke.The risk of getting cancer from diesel fumes is small, but since so many people breathe in the fumes in some way, the science panel said raising the status of diesel exhaust to carcinogen from “probable carcinogen” was an important shift.“It’s on the same order of magnitude as passive smoking,” said Ku
TechnologyJune 14, 2012
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Implantable pain disc may help those with cancer
BALTIMORE _ An estimated 3.5 million cancer patients around the globe are in severe pain from their disease, but many get no relief.In poor countries the cost is considered too high for drugs like morphine when such opioids are often stolen, abused or not taken according to instruction.But some Johns Hopkins University scientists have been working on a solution for those patients, as well as some in the United States, that uses a flexible button-sized disc implanted under the skin that releases
TechnologyJune 14, 2012
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Staying healthy in the summer heat
The summer heat has gripped the nation early, pushing the mercury above 29 degrees Celsius around the country. Premature hot weather often causes illnesses. Here are some tips to keep you healthy in the summer. Take extra care when working outdoors: heat cramps prevail when you lose salt after sweating too much. Spasms can last for 2-3 minutes on the arms, legs and abdomen. Massage the body parts and take saline water. In case of heat exhaustion, which can occur when working in the heat for more
TechnologyJune 14, 2012
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KB Kookmin Bank and GS Energy to share GS Power
A KB Kookmin Bank consortium and GS Energy signed on Thursday sales contracts with GS Caltex for each to purchase a 50 percent share of GS Power. GS Power, a subsidiary of GS Caltex, the nation’s second-largest crude oil refiner, became the first company shared by an industrial and financial company. GS Energy took over management control. Many investors showed interest in the stake sale of GS Power announced in October last year. The KB Kookmin Bank consortium was selected as a preferred bidder
June 14, 2012
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Spray tans causes cancer
A study found that spray tans can cause cancer. Scientists in the U.S. discovered that spray tans contain a chemical which if inhaled causes asthma, lung cancer, emphysema and chronic obstructive pulmonary disease.“The lungs have a huge surface area, so this compound gets into cells and gets absorbed into the bloodstream. The consequences of that have not been shown to be safe,” said Dr. Rey Panettieri at the University of Pennsylvania.He said that people who use the spray once a month should no
TechnologyJune 14, 2012