Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
7
North Korea removes streetlights along cross-border roads with South
-
8
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
9
Farming households dip below 1m for first time in 2023
-
10
S. Korea votes in favor of Palestinian bid for UN membership
-
Teen solves centuries-old math problem
A 16-year-old in Germany who solved a centuries-old math problem credited his accomplishment to "schoolboy naivety."Shouryya Ray, whose family moved from India to Dresden when he was 12, solved a pair of fundamental particle dynamics problems posed by Isaac Newton more than 350 years ago to make it possible to calculate the flight path of a ball and predict how it will hit and bounce off a wall, T
TechnologyMay 25, 2012
-
Thinking of death makes some compassionate
Some people try to avoid all thoughts of death but U.S. researchers advise thinking about death can bring out the good in people.Kenneth Vail at the University of Missouri reviewed experiments involving people thinking about death. He also reviewed assessments of how people who were not directly involved in catastrophes responded after learning about them.Vail said people commonly felt a need to r
TechnologyMay 25, 2012
-
Agencies’ dispute over online shopping of wine
Wine may soon be available online as Cheong Wa Dae hinted that it is in favor of such sales. High-level officials from the presidential office said that they tentatively agreed on allowing online sale of imported wines, according to reports, after a lengthy meeting on Wednesday with officials from the National Tax Service and the Fair Trade Commission. The FTC has been pushing to allow online wine sales since earlier this year, saying it will bring down the price of imported wines. The tax autho
IndustryMay 24, 2012
-
Seoul to support Korean companies returning home
Survey shows about 13% of Korean firms interested in coming backThe government said on Thursday it will organize task forces to help Korean companies relocate their overseas facilities to Korea as part of efforts to spur domestic investment. The Ministry of Knowledge Economy expects about 50 Korean companies to return home over the next five years and create more than 13,000 jobs domestically.The ministry says it sees high demand for return to Korea among companies in the accessories, clothing,
IndustryMay 24, 2012
-
POSCO exec named new ISSF chairman
POSCO announced that the company’s senior executive vice president Kim Joon-sik has been named the new CEO of the International Stainless Steel Forum, or ISSF. The appointment was made during the ISSF 16th Annual Conference, which opened in Beijing, China on May 16. Kim previously served as co-vice chairman for the ISSF’s executive board. Industry insiders said the appointment reaffirmed the Korean steel conglomerate’s global status, which ranks among the best in the industry. Kim said that duri
IndustryMay 24, 2012
-
Carmakers showcase tech prowess at Busan auto show
BUSAN ― Hyundai Motor Co. introduced five models, including its new Avante Coupe, in the Busan International Motor Show that opened on Thursday, along with an array of automobiles and IT-combined technologies to compete with foreign automakers.Based on the previous four-door Avante model, Avante Coupe will enter the local market in the second half of the year, Hyundai officials said. Embracing the slogan “Motor Show that Satisfies the Customers’ Emotions,” Hyundai president Kim Choong-ho said th
MobilityMay 24, 2012
-
Hana Financial ex-chief may face probe over savings bank scandal
The prosecution’s investigation into irregularities at savings banks is zeroing in on the alleged involvement of Kim Seung-yu, former chairman of Hana Financial Group, in the paid-in capital increase into troubled Mirae Savings Bank last year.The prosecution is looking into why one of the nation’s four largest financial groups decided to invest in a secondary lender on the verge of insolvency. Mirae was suspended early this month with three other savings banks as they failed to meet government s
May 24, 2012
-
Conglomerates under tougher probe by tax, anti-trust agencies
The conglomerate sector has been a key investigation target of the National Tax Service and the Fair Trade Commission as the political power of the incumbent administration has weakened.The prosecution is also investigating some conglomerates’ business units for irregular practices.Over the past few months, the investigative authorities have been widening the scope of inquiries into several units of major business groups for alleged practices like tax evasion, embezzlement and price-fixing.Congl
IndustryMay 24, 2012
-
Korea’s household credit dips
South Korea’s household credit dipped in the first quarter due to a drop in demand for fresh loans and people cutting back on spending, the central bank said Thursday.Household credit totaled 911.4 trillion won ($774.5 billion) as of the end of March, down 500 billion won from a record high of 911.9 trillion won tallied three months earlier, according to the Bank of Korea. Compared with a year earlier, household credit rose 7 percent in the cited period, marking the third quarter in a row that n
May 24, 2012
-
Eurozone woes may hurt Korean exports: think tank
The eurozone’s fiscal troubles could seriously hurt South Korea’s exports and cause a slow down in economic growth, a private think tank said Thursday.The Hyundai Research Institute said persistent fiscal troubles facing European Union countries such as Greece are affecting worldwide trade.“If the EU cuts back on imports, this will have direct bearing on South Korea and could even cause a hard landing for the country’s exports,” it said. Europe accounted for 9.5 percent of South Korea’s trade la
May 24, 2012
-
Shares gain on eurozone optimism
South Korean stocks rose 0.32 percent Thursday as investor sentiment was buoyed by a European Union move to tackle its fiscal problems and prevent Greece from defaulting on its debt, analysts said. The local currency fell against the U.S. dollar.After choppy trading, the benchmark Korea Composite Stock Price Index added 5.85 points to 1,814.47. Trading volume was light at just 400 million shares worth 3.47 trillion won ($2.94 billion), with gainers outpacing losers 415 to 376.“Conditions surroun
May 24, 2012
-
NCL Environ eyes global growth with ‘77’ cleaning product
NCL Environ is looking to expand overseas with its newly developed product “NCL 77.”The Korean industrial cleaning solution firm is a subsidiary of the U.S.-based National Chemical Laboratories.It said that the Korean company had received interest from countries such as China, Japan and Australia for product dealership and cleaning services. NCL Environ plans not only to provide its cleaning product and services but also NCL’s chemical products to its overseas potential clients through franchise
TechnologyMay 24, 2012
-
Possible legislation of labor laws favoring workers concern firms
Working restrictions on holidays picked as most concerning factor among HR executivesThe most concerning factor among human resource executives in Korea is pending labor laws restricting employers to make their employees work on holidays.In a survey of some 300 executives at Korean companies by The Korea Chamber of Commerce and Industry, over 53 percent voiced such concern over the issue which is expected to be discussed at the National Assembly next month.The law may also include making compani
May 24, 2012
-
Hyundai Heavy Industries donates electric power stations to Ecuador
Hyundai Heavy Industries said that it has donated two electric power stations to Ecuador in an effort to help the South American nation combat an electricity shortage.The Ulsan-based Korean shipbuilding giant held a ribbon-cutting ceremony Thursday on Ecuador’s Santa Cruz Island, part of the larger Galapagos island chain, to commemorate the event. Hyundai Heavy Industries vice president Kim Jung-hwan, Ecuador’s Electricity Minister Esteban Albornoz, Galapagos Gov. Jorge Torres and other official
IndustryMay 24, 2012
-
Samsung unveils printers with proprietary chip
Samsung Electronics on Thursday unveiled its first line of laser multifunction printers equipped with the firm’s proprietary chip, aiming to take 30 percent of the global business-to-business printer market.Nam Seong-woo, executive vice president of IT solutions at Samsung, said the firm will release 11 new models ― four A3 multifunction printers and seven A4 laser printers ― for this year at a launch event in southern Seoul.The A3 multifunction printers are large printers designed for business
IndustryMay 24, 2012
-
KT receives top award for LTE technology
KT said Thursday it received the top prize for a Long Term Evolution network operator at an awards ceremony held by Informa Telecoms and Media.At the LTE Awards 2012 in Barcelona the country’s biggest fixed-line service provider received the award for “Most Significant Development for Commercial LTE Network by an Operator” for its network technology LTE WARP, its officials said. The event took place on the sidelines of the LTE World Summit 2012.“We’re delighted that the competitiveness of KT’s t
IndustryMay 24, 2012
-
Incheon airport still hungry for growth
Korea’s main gateway named world’s best airport for seven consecutive yearsSINGAPORE ― Lee Chae-wook, CEO of Incheon International Airport Corp., may have had a feeling of dj vu on Wednesday when he was congratulated by Airports Council International for Incheon winning the World’s Best Airport title this year. Korea’s main gateway has topped the non-profit association’s annual airport service quality report for the seventh year running, followed by Singapore and Beijing. Since the industry’s to
IndustryMay 24, 2012
-
McDonald’s names new Asia-Pacific chief
McDonald’s Corp. appointed Dave Hoffmann, a senior vice president of the company's Asia/Pacific, Middle East and Africa operations to president of the region.Hoffmann, a 16-year McDonald's veteran, succeeds Tim Fenton who recently was promoted to McDonald’s chief operating officer.McDonald’s CEO-elect Don Thompson, who replaces retiring CEO Jim Skinner, said, “Throughout his career, Dave has demonstrated outstanding leadership and strategic insight. Jim and I are very confident in Dave’s abiliti
IndustryMay 24, 2012
-
U.S. suggests lung cancer CT scans, but only for high-risk groups
CHICAGO (AP) ― New lung cancer screening guidelines from three medical groups recommend annual scans but only for an older group of current or former heavy smokers.The advice applies only to those aged 55 to 74. The risks of screening younger or older smokers or nonsmokers outweigh any benefits, according to the guidelines.About 8 million Americans would be eligible for screening under the new criteria, and if all of them got the scans, about 4,000 lung cancer deaths per year could be prevented,
TechnologyMay 24, 2012
-
4 hospitals, Abu Dhabi sign for patient referral and transfer
Four local hospitals signed a special pact with Health Authority-Abu Dhabi on patient referral and transfer, the Ministry of Health and Welfare said Wednesday.Severance Hospital will specialize in bone cancer, Ewha Womans University Medical Center in gynecological cancers, Cha Medical Center in infertility, and Wooridul Hospital in spinal treatments when the Abu Dhabi administration requests patient referral and transfer. The hospitals and four others ― Samsung Seoul Hospital, Seoul National Uni
TechnologyMay 24, 2012