Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Aging population to drive down Korea's housing prices from 2040: experts
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North Korea holds drills simulating nuclear counterattack against enemy
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Samsung, Apple to meet in U.S. court in July
Korean company files opposition to Apple’s new motion last FridaySamsung Electronics vice chairman Choi Gee-sung said little when he returned from patent negotiations with Apple CEO Tim Cook late Friday.“It’s difficult to discuss matters involving the patent dispute,” said Choi as he arrived at Gimpo International Airport at 11 p.m.“I’ve been ordered to keep completely silent about the negotiations because it is part of the ongoing court case. I’ll notify the details if there are any changes mad
IndustryMay 27, 2012
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Seoul on course for growth target: finance minister
South Korea’s growth target for 2012 remains achievable despite mounting downside risks triggered by persistent eurozone woes, the country’s top economic policymaker said Friday.In a press conference, Finance Minister Bahk Jae-wan said the developments taking place in the European Union pose greater challenges, but data indicates there may not be any need to change Seoul’s 3.7 percent growth forecast for this year.He stressed that the government is not considering artificial measures to bolster
May 27, 2012
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U.S. accuses Korea of intervening in market
The United States government said Friday it will keep pressing South Korea to refrain from interventions in the foreign exchange market.“The Korean authorities continue to intervene in the foreign exchange market, and the won remains weak compared to its pre-crisis levels,” the Department of the Treasury said in a semiannual report to Congress on international economic and exchange rate policies.“We will continue to press the Korean authorities to limit their foreign exchange interventions to th
May 27, 2012
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Seoul stocks eye technical rebound
South Korean stocks will try to pull off a technical rebound this week, in the face of persistent eurozone uncertainties that have weighed down global economic recovery efforts, local analysts said Saturday.The country’s key stock index, the KOSPI, closed at 1,824.17 points on Friday, up 2.34 percent from a week earlier after China expressed its resolve to stimulate its economy, and U.S. housing market figures showed signs of improvement.The announcement and positive data helped calm market jitt
May 27, 2012
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Sonata hybrid wins top satisfaction award
Hyundai Motor Co., South Korea’s top automaker, said Friday its Sonata hybrid has received the “top satisfaction” award from a U.S.-based automotive research company.The carmaker said the mid-size car ranked No. 1 in the hybrid and electric-powered passenger car segment checked by AutoPacific Inc. This car segment was first launched in 2010 with the Mercury Milan hybrid and Lincoln MKZ hybrid being the early winners.Hyundai’s Sonata hybrid was first introduced in the U.S. market a year ago.The A
MobilityMay 27, 2012
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Hyundai to advance release of new Equus, Genesis
Automaker sees sales of 2012 models stutter due to launch of K9, cheaper import carsHyundai Motor is considering moving up the release dates for the Equus and Genesis 2013 versions as sales of the 2012-versions of the premium models have been sluggish.The recently sagging sales of the two models were attributable to a growing popularity of affiliate Kia Motors’ K9, a V8-powered luxury sedan, which was unveiled in early May.With many consumers acquainted with the news of the K9’s debut and active
MobilityMay 27, 2012
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Dinosaur with tiny arms unearthed in Argentina
Argentine experts have discovered the near-complete remains of a new species of Jurassic-era dinosaur that stood on its rear legs and had tiny arms, a leading paleontologist said Thursday.(AFP)The find belongs to the Abelisaurus family, "the most common carnivorous species in the southern hemisphere during the Cretaceous Period," some 70 to 100 million years ago, paleontologist Diego Pol told AFP.
TechnologyMay 27, 2012
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‘Aliens won’t enslave humans’
Will aliens endanger Earth like in movies? One alien hunter says not likely. Extraterrestrial intelligence that is evolved enough to reach Earth probably will not want to enslave or attack humans, according to renowned astronomer Jill Tarter.Tarter, outgoing director of Center for SETI (Search for Extraterrestrial Intelligence) Institute, said such alien species would have technology so advanced that they would not need slaves, food, or other planets, Space.com reported Friday.Tarter said she di
TechnologyMay 27, 2012
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Dragon makes history with space station docking
The private company SpaceX made history with the docking of its Dragon capsule to the International Space Station, the most impressive feat yet in turning routine spaceflight over to the commercial sector.The docking Friday marked the first time a business enterprise delivered a supply ship to the space station.“There's so much that could have gone wrong and it went right,” said an elated Elon Mus
TechnologyMay 27, 2012
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Yeosu Expo visitor turnout surpasses 50,000 mark on Friday
The 2012 Yeosu Expo, which has been struggling with low turnouts, reported over 50,000 visitors entering the fairground for the first time on a weekday, organizers said Saturday.Organizers said the number of visitors reached 54,474 on Friday, with the total number of people who visited the exposition hitting 565,718 since opening on May 12.The increase was helped by Hyundai Motor Group, the world'
IndustryMay 27, 2012
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Lack of vitamin D ups stroke risk in some
Japanese-American men who did not eat foods rich in vitamin D had an increased risk of stroke later in life, U.S. researchers found.Lead author Dr. Gotaro Kojima of the John A. Burns School of Medicine at the University of Hawaii in Honolulu said sunlight is generally the greatest source of vitamin D, but synthesizing it from the sun gets more difficult as one ages, so older people are advised to
TechnologyMay 26, 2012
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Hazelnuts may provide better baby formula
University of Georgia researchers say human breast milk is the best source of food for infants, but a new second best-formula may be made from hazelnut oil.Casimir Akoh -- a distinguished research professor of food science and technology in the College of Agricultural and Environmental Sciences -- developed a new nutrient based on hazelnut oil that mimics the structure of mother's milk, making it
TechnologyMay 26, 2012
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Consumer sentiment improves
South Korea’s consumer confidence improved for the fourth consecutive month in May on higher economic growth prospects and job market conditions, the central bank said Friday.The consumer sentiment index, which gauges consumers’ overall economic outlook, living conditions and future spending, stood at 105 for this month, compared with 104 tallied in April, according to a survey by the Bank of Korea. This is the highest CSI reading since February 2011.A CSI reading above the benchmark 100 means o
May 25, 2012
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Shares gain on eurozone hopes
South Korean stocks rose 0.53 percent Friday on a European Union move to address its fiscal woes and prevent Greece from exiting the eurozone, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index added 9.70 points to 1,824.17. Trading volume was light at just 379 million shares worth 3.49 trillion won ($2.96 billion), with gainers outpacing losers 534 to 293.“Investor confidence got a boost from European leaders’ resolve to keep Greece wi
May 25, 2012
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LG-Hitachi to develop sewage water recycling facility in Yeosu complex
LG-Hitachi Water Solutions plans to develop a facility in Yeosu where it can reuse the city’s sewage water as a clean source for the city’s industrial complex.The company said Friday that it has signed a memorandum of understanding with the Yeosu government to invest in the infrastructure, which will be able to treat and recycle 35,000 tons of sewage and cost 45 billion won ($40 million). It did not give any development timeline for the project. However, the reusable water will be supplied to Ye
IndustryMay 25, 2012
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Hyundai E&C steps closer to $10b goal
Hyundai Engineering & Construction, Korea’s biggest construction company, is looking to achieve $10 billion in orders globally this year.As the builder secured a line of projects overseas, its orders, including for a Qatari highway construction and Saudi Arabian alumina refinery, are expected to amount to already half of its target by the end of next month, analysts said.Potential projects such as Venezuelan refinery and Indonesian geothermal power plant are also in the pipeline, which would fur
IndustryMay 25, 2012
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Korea, Colombia close to striking FTA
Trade officials in Seoul indicated Friday that South Korea and Colombia will soon conclude a free trade agreement.The officials denied a news report that the two countries would declare the FTA concluded within next month, but said it was true that discussions are in the final stages. “There still remain some issues which each side has a completely different stance on. Such issues should all be resolved in order to be able to reach a final agreement, so now is a difficult time to expect when it
May 25, 2012
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KNOC to open more discount gas stations
Oil corporation strives to meet target of 1,300 outlets by 2015The state-run Korea National Oil Corp. is stepping up its push for discount gas stations by establishing a support center and a task force for the project aimed at curbing petrol prices.The Oil Distribution Support Center began operation on Thursday, with the aim to set up over 1,100 more discount gas stations throughout the nation. The KNOC created the center and the Domestic Supply & Distribution Taskforce after the government an
IndustryMay 25, 2012
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Senior executive of suspended Mirae Mutual Savings Bank found hanged
A senior executive of the suspended Mirae Mutual Savings Bank has been found hanged in an apparent suicide that would be the fourth such case in nine months, police said Friday. The 50-year-old banker only identified by her surname Kim was found hanging by her scarf at a motel room in Seoul Friday afternoon, they said. She checked in the motel around 11:20 p.m. on Thursday and was set to be su
May 25, 2012
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Hyundai Sonata hybrid wins 'top satisfaction' award
Hyundai Motor Co., South Korea's top automaker, said Friday its Sonata hybrid has received the "top satisfaction" award from a U.S.-based automotive research company. The carmaker said the mid-size car ranked No. 1 in the hybrid and electric-powered passenger car segment checked by AutoPacific Inc. This car segment was first launched in 2010 with the Mercury Milan hybrid and Lincoln MKZ hybrid b
MobilityMay 25, 2012