Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
3
First-ever meeting of president, opposition chief set to finally happen
-
4
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
5
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
6
Experts raise concerns about Japan putting pressure on Naver over Line
-
7
Samsung mobile chief, Google device head meet in Seoul
-
8
South Korea to launch space security center under spy agency
-
9
More med professors to take day off each week while govt. urges them to stay
-
10
Hybe refutes Ador CEO Min's denial of breach of trust
-
Korea to use radio waves for breast cancer detection
The Korea Communications Commission said Tuesday that the country will be able to use radio waves instead of radioactive rays to examine breast cancer by 2017.The government agency said its affiliate Electronics and Telecommunications Research Institute has put in a total of 3.8 billion won ($3.23 million) since last year and completed elementary research on the use of radio waves for breast cancer check-ups.The new technology enables doctors to detect a lump in the breast that is about 5 millim
IndustryMay 29, 2012
-
Visitors left fuming after Expo scraps booking system
Long wait times frustrated visitors at the Yeosu Expo after the organizing committee hastily scrapped the exhibit booking system due to complaints.Visitors had to wait for up to seven hours to see the aquarium on Monday, with lines extending as long as three kilometers.Until Sunday noon, eight exhibition halls, including the aquarium, the Korea Pavilion and the Theme Pavilion, required reservations made through the Internet or kiosks at the expo site. The system was aimed at reducing wait times.
May 29, 2012
-
POSCO completes first steel processing plant in India
POSCO announced Tuesday that it has completed its first steel manufacturing plant in India, further strengthening its manufacturing capability in overseas markets. The steelmaker said that its three global steel production mills in Mexico, China and now India will pave the way for POSCO to make inroads into the fast-growing emerging markets. The new plant, located within the Vile Bhagad Industrial Complex in Maharashtra Province, west India, will produce 450,000 tons of hot galvanized steel pla
IndustryMay 29, 2012
-
Mobile game firms fined for refusing refunds
The nation’s antitrust watchdog said Tuesday that it had imposed punitive measures, including corrective orders and a combined 64 million won ($54,000) in fines, on 16 mobile game makers for their policies refusing refunds. According to the Fair Trade Commission, companies have deliberately hidden from users their legal right to have unused cyber cash returned if the request is made within seven days of a purchase. The game makers, including market leaders Nexen and NHN, however, stressed a no r
IndustryMay 29, 2012
-
Galaxy S3 launched in 28 countries
Samsung Electronics said Tuesday that it launched its new flagship smartphone Galaxy S3 in 28 countries at once, showing greater confidence as the world’s top smartphone maker.The company said it plans to roll out the new 4.8-inch gadget running on third-generation network technology in the U.K., France, the United Arab Emirates and Saudi Arabia, as well as countries in Europe and the Middle East. But it also said it will take as long as three weeks to supply the new pebble blue Galaxy S3 in som
IndustryMay 29, 2012
-
Citibank teaches teens how best to use their money
‘Think Money’ program provided to over 270,000 students, parents and multicultural familiesBased on its expertise as a global financial company, Citibank Korea has offered a financial education program for teenagers in partnership with the Young Women’s Christian Association of Korea since 2006 with 2.56 billion won grant by Citi Foundation.The program titled “Think Money” was launched out of an acute need for real-world financial education as teenagers’ financial knowledge and understanding bec
May 29, 2012
-
Shares rise 1.41% on big-cap gains
South Korean stocks rose 1.41 percent Tuesday as big-cap gains more than offset persistent fiscal uncertainties in eurozone economies, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index surged 25.74 points to 1,849.91, the third consecutive session of gains.Trading volume was light at just 319 million shares worth 3.69 trillion won ($3.13 billion), with gainers outpacing losers 520 to 310.“The market got a big boost from a rise in big-c
May 29, 2012
-
Korean firms expect worse conditions in H2: poll
Nearly six out of 10 South Korean companies expect overall economic conditions to deteriorate in the second half of this year mainly due to mounting eurozone woes and a slowdown in the Chinese economy, a poll showed Tuesday.The survey on 500 local companies by the Korea Chamber of Commerce and Industry showed 59 percent of all respondents predicting worsening conditions ahead, with 96 percent claiming economic conditions are already bad.The report by the country’s largest private economic organi
May 29, 2012
-
KDB to invest W4tr in startups, small firms
Korea Development Bank announced Monday plans to invest 4 trillion won ($3.4 billion) in young people looking to start their own businesses, venture businesses and small and middle-cap companies. KDB is willing to see a 10 percent loss in profits for the plans that will contribute to society, said the bank. “The international trend in terms of management goals is shifting from profit-seeking to customer-seeking. We aim to secure future sources of profit by investing in startups, venture and smal
May 29, 2012
-
Financial authorities brace for Lone Star’s international suit
U.S. fund thought to be eyeing suit focused on failed deal with HSBCSouth Korean financial authorities are closely watching the moves of Lone Star as the U.S.-based buyout fund seems to be preparing for an international law suit against them. Financial authorities said on Monday that Lone Star handed in a document to the Korean Embassy in Belgium on the previous Tuesday requesting consultations with the Korean government on the issue of alleged damages to its investors. According to the Financia
May 29, 2012
-
Hyundai Group seeks to expand financial business
Hyundai Group chairwoman Hyun Jeong-eun has been striving to find new growth engines for the conglomerate amid the stalled inter-Korean business led by its tourism unit Hyundai Asan.Following its takeover of Banyan Tree Club & Spa Seoul, a six-star luxury resort in Seoul, early this year, Hyundai Group ― in particular ― is seeking to expand its financial business, based upon its brokerage unit.According to financial industry sources, Hyundai Securities, which acquired the debt-saddled Daeyeong S
IndustryMay 29, 2012
-
Korea an inspiration for cosmetic brands: Benefit CEO
Rougeot says Korea is a global test bed, trendsetter for beauty productsCosmetic sales are rarely affected by economic downswings. Sometimes they even surge during times of slugglish economic activity as consumers are more inclined to buy less costly luxury goods instead of houses, cars or fur coats.“They call it the ‘lipstick effect’ as lipstick sales tend to remain constant through economic slumps,” Jean-Andre Rougeot, chief executive of Benefit Cosmetics, told The Korea Herald during a visit
IndustryMay 29, 2012
-
Samsung’s Galaxy S3 hit shelves in 28 nations
South Korea's Samsung Electronics said it would start selling its newest smartphone in 28 countries from Tuesday as it seeks to cement its position as the world's top-selling mobile phone maker. The Galaxy S3, unveiled in London earlier this month, will hit shelves Tuesday in nations including Britain, France and the United Arab Emirates, the firm said in a statement. The phone will be available i
TechnologyMay 29, 2012
-
Senior gardening plans save money, improve quality of life
A project in Britain that paired seniors and gardening enthusiasts increased the quality of life of both and saved healthcare funds, officials said. Sarah Jackson, a horticulturalist, found volunteers who had no access to land to plant a garden with older people who wanted to maintain their gardens but could no longer work on them anymore. Three years later, Jackson said not only did the elderly
TechnologyMay 29, 2012
-
Pointy faces are perceived negatively
The simple geometric features of a downward-pointing triangle can make us feel threatened, scientists have revealed.Researchers from Warwick University asked thirty volunteers to rate hundreds of pictures of faces that were surrounded by large triangles.When a downward-pointing triangle appeared, people were more hesitant to identify the face as positive.“Our study shows downward-pointing triangles in particular convey negative emotions and we pick up on them quickly and perceive them as a threa
TechnologyMay 29, 2012
-
Police: Facebook pic led to robbery
Police in Australia are warning people to be cautious online after a picture of cash posted to Facebook led to a home invasion robbery.New South Wales police said a 17-year-old girl was helping her 72-year-old grandmother count her savings at the older woman's Sydney home May 24 and the teenager posted a picture of the large amount of cash to her Facebook page.Police said two men armed with a kni
TechnologyMay 29, 2012
-
Entertainment agencies expand into new areas
Dining, drama production and tourism business new way up for South Korean entertainment agenciesAfter heating up the world, especially Asia, with the Korean Wave, South Korean entertainment agencies are starting to explore other business realms like dining, drama and musical productions and even tourism. SM Entertainment, one of the top three agencies here armed with popular K-pop groups like Girls’ Generation and Super Junior, will open SM Kraze next month in Cheongdam-dong, southern Seoul, in
IndustryMay 28, 2012
-
Korea to launch geostationary research satellite in 2018
South Korea plans to launch its own geostationary orbit satellite by 2018 for atmospheric environmental research over the Korean Peninsula and Northeast Asia, the Environment Ministry said MondayThe National Institute of Environmental Research will pick a foreign firm within this year to jointly develop the new satellite, officials said.Under the development plan, Seoul is to build the main body of the satellite and a ground station for its launch in 2015. Europe and the U.S. currently use low-e
TechnologyMay 28, 2012
-
Is sewage the next energy source?
New research improves microbial fuel cells that feed on waste waterKorean scientists have reported major progress in turning microbes in waste water into sources of electricity.The researchers from the Gwangju Institute of Science and Technology claimed that they have significantly improved the capacity of microbial fuel cells by modulizing them. The device converts the chemical energy from organisms into electricity using bacterial metabolism as the catalyst. It is regarded as one of the most p
TechnologyMay 28, 2012
-
Samsung takes step toward workforce diversity
Firm recruits more women, disabled people, high school graduatesSamsung Electronics has upped its efforts to diversify its workforce, from those with physical disabilities to women and high school graduates to create a company open to various environmental spectrums.The country’s IT behemoth, which is famous for recruiting workers from top universities, recently announced that it picked two female commissioned officers as part of the firm’s special recruitment program.“In the case of female offi
IndustryMay 28, 2012