Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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Partial solar eclipse dims sky
The moon slides across the sun, showing a blazing halo of light, during an annular eclipse at a waterfront park in Yokohama, near Tokyo, Monday. (AP-Yonhap News)A partial solar eclipse was witnessed across the world on Sunday and Monday.In Seoul, the event started around 6:23 a.m. and ended around 8:48 p.m., peaking at 7:32 a.m., when 80 percent of the Sun was covered.It was the first time since J
TechnologyMay 21, 2012
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LVMH Korea union protests, calling for better pay, bonuses
A Korean unit of the Paris-based luxury goods company LVMH Group is mired in a labor dispute over pay that could halt sales of some luxury perfumes and cosmetics. Union members of LVMH Perfumes and Cosmetics Korea, most of whom are sales people, have staged protests since its latest negotiations with management over pay and conditions failed early last week. The company owns several high-end makeup chains, including Dior, Guerlain, and Make Up For Ever. The union is demanding wage increases, a f
IndustryMay 20, 2012
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Korea warned of export dependency on China
Korea, celebrating the 20th anniversary of its official ties with China, needs to be cautious about its growing export dependency on the world’s second-largest economy, a report warned Sunday.According to the report by the Korea International Trade Association, Korea’s exports to China saw a more than 50-fold growth from $2.65 billion in 1992 to $134.19 billion last year.The portion of exports to China also soared from 3.5 percent to 24.2 percent during the same period. Over the past two decades
IndustryMay 20, 2012
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Samsung tops global smartphone, LTE phone sales
Global display market shrinks in first quarterSamsung Electronics has become the biggest seller of mobile phones, smartphones and LTE phones in the world, according to reports.In the global smartphone market, Samsung continued to show its prowess, edging out Nokia for the first time in the first quarter of this year, Strategy Analytics, a market research firm said.Samsung sold a total of 92.5 million mobile phones, accounting for 25 percent globally, surpassing the 22.4 market share of Nokia, wh
TechnologyMay 20, 2012
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Firms learning to communicate with expats
Firms offer real-time communication channels, hire more foreign staffKorean firms are rushing to communicate better and more often with expats as the number of foreign residents now surpasses 1.1 million.Kevin Ascott, a Canadian living here, said he was able to find the authorized service center for his malfunctioning smartphone through KT’s social networking hotline ― something he had been seeking for days to figure out on several websites.“I got great service when I went there,” he wrote to th
IndustryMay 20, 2012
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Seoul wary of easing rules on U.S. beef
WASHINGTON (Yonhap News) ― South Korea’s top trade official strongly indicated last week that talks on expanding American beef imports are unlikely for the time being due to the latest case of mad cow disease here.Trade Minister Bark Tae-ho stressed that public confidence in U.S. beef in South Korea is the most important factor.“Consumption of U.S. beef dramatically dropped in South Korea as this (mad cow) case dealt a complete blow to public trust,” he said in a meeting with South Korean corres
May 20, 2012
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Stocks to fall further due to eurozone woes
South Korean stocks are expected to undergo further adjustments this week, weighed down by mounting eurozone uncertainties and their impact on the global economy, local analysts said.The country’s key stock index, the KOSPI, closed at 1,782.46 on Friday, a drop of 7.03 percent or 134.67 points from a week earlier, mainly due to fears that Greece may exit the eurozone and concerns that the continent’s fiscal woes have started to spill over into the banking sector. The plunge is significant becaus
May 20, 2012
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KDB said to plan sale of Samurai bonds
Korea Development Bank plans to tap the Japanese bond market following Thursday’s record Samurai offering by its peer state-owned lender Export-Import Bank of Korea, said a person familiar with the matter.KDB, whose parent is the nation’s largest state-owned banking group, is planning a sale of yen-denominated bonds as soon as early June, the person said, asking not to be identified as details are private. Banks have been asked to submit proposals to arrange the offering and KDB is expected to c
May 20, 2012
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Business group calls for eased rules on dividend tax
A leading South Korean business organization said Sunday it has requested the government soften taxation rules for dividends companies receive from their domestic and overseas subsidiaries.“Taxes on dividend income are tantamount to double taxation because they are levied after subsidiaries pay corporate taxes,” the Korea Chamber of Commerce and Industry said. “All dividends received from subsidiaries should be exempt from taxation.”Currently, South Korean companies have 30-50 percent of their d
May 20, 2012
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State think tank cuts growth forecast to 3.6%
The state-run Korea Development Institute lowered its forecast of South Korea’s economic growth for this year to 3.6 percent on Sunday, citing global economic uncertainties.The latest projection is down from the 3.8 percent made by the KDI in November and lower than the government’s estimate of 3.7 percent. The think tank also predicted the country’s economic growth to rise to 4.1 percent next year.“The South Korean economy has been stuck in a slowdown since the second half of last year due to w
May 20, 2012
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SK Telecom connects Expo with fast wireless networks
YEOSU ― Entering Yeosu Expo from the bullet train station mainly built for this gala, visitors will face a cluster of spotless and architecturally unique corporate pavilions.One exhibition center, situated at the end of the Northeast edge overlooking the sea, stands out: a three-story pavilion covered with what looks like a giant fishing net, colored in white and shaped like a cloud.This belongs to SK Telecom, Korea’s biggest mobile carrier and the only telecom company to exhibit here.The net sy
IndustryMay 20, 2012
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China’s car dealerships struggle as stockpiles increase
Chinese dealers are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the nation’s biggest automobile dealers’ association.Dealerships for Honda Motor Co., Chery Automobile Co., BYD Co. and Geely Automobile Holdings Ltd. carried more than 45 days of inventory as of the end of April, exceeding the threshold that foreshadows debilitating price cuts, Su Hui, vice president of the auto market division at the state-backed China Automobile Dealers A
MobilityMay 20, 2012
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Color matters
Drivers embrace more colors in their cars with brown becoming the new blackWhen Kia Motors took the wraps off its new premium sedan K9 early this month, the automaker carried out an experiment by introducing the car in brown rather than typical black. Brown is gaining popularity in overseas markets, especially Europe, as the color goes well with the beige seat covers of high-end cars. And now Korean drivers are recognizing the color’s beauty. “Brown is ‘the new black’ in the global car industry
MobilityMay 20, 2012
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Researcher apologizes for study of gay therapy
NEW YORK (AP) _ A prominent retired psychiatrist is apologizing to the gay community for a decade-old study that concluded some gay people can go straight through what's called reparative therapy.Dr. Robert L. Spitzer, formerly of Columbia University, now says he no longer believes his work showed that.For the study, Spitzer had interviewed 200 people who'd claimed some degree of change. The ``fat
TechnologyMay 20, 2012
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S. Korea think tank cuts 2012 growth outlook
South Korea's state-run think tank Sunday cut the nation's growth forecast for this year to 3.6 percent from 3.8 percent estimated in November, citing weakening demand amid a global slowdown. The Korea Development Institute, in its twice-yearly economic forecast report, said however the global economy would likely pick up pace in 2013 to help Asia's fourth-largest economy to expand 4.1 percent
May 20, 2012
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Doctors accidently kill baby
Doctors accidently killed a baby during delivery at a hospital in Aracaju, northeastern Brazil.The tragedy occurred after at least five doctors had tried for six hours to deliver the baby naturally.They struggled as the baby boy’s shoulders became stuck, inadvertently tearing off his head.The 22-year-old mother told her family that she knew something was wrong when one of the doctors shouted “Marcos, are you crazy?”The baby‘s dead body remained inside the mother and had to be removed by Caesaria
TechnologyMay 20, 2012
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Losing sunglasses puts eyes at risk
More than 55 percent of U.S. adults lose or break their sunglasses each year, putting their eyes at risk of sunburn or eye disease, eye experts say.The Vision Council found for those who lost their sunglasses, and the 27 percent of adults who do not wear sunglasses, exposure to ultraviolet radiation could result in result in short-term damage from bloodshot or sensitive eyes, or painful conditions
TechnologyMay 20, 2012
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Woman swallows toothbrush
Israeli doctors say they were able to safely remove a toothbrush from a woman's stomach after she accidentally swallowed it.Bat-El Panker, 24, came home from work May 11, and went to brush her teeth. When she bent over the faucet with the toothbrush in her mouth, she said it slipped down her throat.Panker told Ynetnews she tried to get it out, but to no avail. She rushed to the hospital and had a
TechnologyMay 20, 2012
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Seoul stocks to undergo adjustment weighed down by eurozone woes
South Korean stocks are expected to undergo further adjustments next week, weighed down by mounting eurozone uncertainties and their impact on the global economy,local analysts said Saturday. The country's key stock index, the KOSPI, closed at 1,782.46 onFriday, a drop of 7.03 percent or 134.67 points from a weekearlier, mainly due to fears that Greece may exit the eurozone andconcerns that the
May 19, 2012
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Facebook falls flat in market debut
Facebook stumbled on its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to its enormous hype. The stock, priced at $38 on Thursday in the largest-ever initial public offering for a technology firm, eked out a gain of just 0.61 percent to end at $38.23, amid record volume of more than 575 million sh
May 19, 2012