Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Samsung coyness puts smartphone crown in dispute
Smartphones are the hottest gadgets in the world. But who's the biggest smartphone maker? We don't really know. (AP-Yonhap News)Samsung, Apple's chief competitor, gives only vague indications of how many it makes, which means industry watchers come up with widely diverging estimates. Apple Inc. reports its iPhone sales down to the thousands. In the January to March period, it shipped 35,064,000. S
IndustryApril 29, 2012
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Seoul stocks to track eurozone developments
South Korean stocks are expected to track developments in eurozone countries and global and domestic economic data next week, local analysts said Saturday.The country's key stock index, the KOSPI, closed at 1,975.35 on Friday, a dip of 0.1 percent from a week earlier, mainly due to North Korea's geopolitical risk, and persistent eurozone woes fueled by the downgrading of Spain's long-term credit r
April 28, 2012
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‘Korea will not halt quarantine checks’
Korea has no plans to suspend quarantine inspections on U.S. beef, Agriculture Minister Suh Kyu-yong said Friday, despite high public concern after a dairy cow in California was found infected with mad cow disease.A report from Washington confirmed that the infected animal was a dairy cow over 10 years old and that it had contracted a very rare “atypical” form of the brain-wasting disease, Suh told reporters during his visit to a quarantine facility in Yongin, Gyeonggi Province.The minister said
April 27, 2012
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Digital never dies
Users urged to manage digital reputation and be careful in putting personal info onlineIt is not uncommon to see public figures suddenly fall into disgrace and infamy due to reckless comments made in a public place or interview with the media. But in the era of Facebook and Twitter, people are now faced with the bewildering reality that a single careless comment on social networks, even years ago, could backfire spectacularly. A striking case in point is Kim Gu-ra, a comedian who built up his ca
TechnologyApril 27, 2012
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Samsung Electronics posts record profits
Smartphones, displays up, chips down for tech giant in first quarterSamsung Electronics saw its first-quarter earnings hit an all-time high thanks to brisk global sales of smartphones, the company said on Friday.The Korean tech manufacturing giant said that its operating profit reached a record 5.85 trillion won ($5.15 billion) from January to March, up 98.4 percent from 2.95 trillion won a year earlier.It posted sales of 45.3 trillion won in the first quarter of 2012, up 22.4 percent from about
TechnologyApril 27, 2012
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Shares end higher on corporate earnings
South Korean stocks closed 0.58 percent higher on Friday as positive earnings reports and overnight gains on Wall Street helped alleviate persistent eurozone concerns, analysts said. The local currency rose against the U.S. dollar.The benchmark KOSPI added 11.31 points to close at 1,975.35. Trading volume was moderate at 470 million shares worth 5.27 trillion won ($4.62 billion), with gainers outpacing losers 434 to 394.“The downgrading of Spain’s long-term credit rating by two notches, which ra
April 27, 2012
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Current account surplus tops $3b
South Korea’s current account surplus widened sharply in March from the previous month, backed by strong auto and petrochemical exports, the central bank said Friday.The current account surplus reached $3.04 billion last month, up from $560 million in the black tallied in the previous month, according to the Bank of Korea. The figure is larger than the $1.33 billion surplus tallied a year earlier. Asia’s fourth-largest economy logged a surplus of $3 billion in goods trade, fueled by strong overs
April 27, 2012
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Kia’s quarterly earnings climb to record high
Following Hyundai Motor, affiliate Kia Motors reported all-time high quarterly earnings on the back of its robust vehicle sales in the overseas market.Kia said Friday that its operating profit reached 1.12 trillion won ($1 billion) during the first quarter of 2012, up 33.4 percent over the same period last year.The carmaker also saw its net profit climb by 26 percent to 1.2 trillion won. Its sales came to 11.7 trillion won.On a quarterly basis, the figures for the operating profit, net profit an
MobilityApril 27, 2012
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Com2us looks to acquisitions, partnerships for global expansion
Top mobile gamer to boost publishing, reenter EuropeCom2us may not be as big as NCsoft, Neowiz or Nexon, Korea’s best-known gamers. But Com2us had a head start in the mobile gaming market, and being first is everything in today’s fast-changing mobile technology landscape.Com2us chief financial officer Choi Baek-yong said that acquisition is part of plans to maintain its edge in the market that is bound to become more competitive as big online gamers enter the mobile scene.“We are interested in
TechnologyApril 27, 2012
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Samsung ends Nokia’s 14-year phone lead
Samsung Electronics Co. overtook Nokia Oyj as the world’s biggest vendor of mobile-phones last quarter, ending the Finnish company’s 14-year run as the global industry leader, according to researcher Strategy Analytics.Samsung shipped 93.5 million handsets in the first quarter, 36 percent more than a year earlier, and compared with 82.7 million for second-ranked Nokia, Strategy Analytics said in an e-mailed statement today. It is the first time the Suwon, South Korea-based company led in phone s
TechnologyApril 27, 2012
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LG smart TVs receive high praise abroad
LG Electronics Co.’s latest Cinema 3-D Smart TVs are getting favorable reviews from influential IT media abroad.CNET Asia, the largest tech media website in Asia and Oceania, selected the LG 55LM960, the premium line of the 55-inch Cinema 3-D Smart TV, as its editor’s choice, calling it a “solid all-rounder featuring a sleek design along with most of the latest bells and whistles such as WiDi and gesture control.”CNET Asia gets about 1.6 million visitors and 4.6 million page views each month.“Th
IndustryApril 27, 2012
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Hyundai Motor to train European jobseekers
Korean carmaker to offer education program to 10,000 students in 15 nationsHyundai Motor Co., Korea’s largest carmaker, will offer a series of vocational education program for young jobseekers in 15 European countries for the next two years under its social contribution activities, company officials said Friday.The program, dubbed “Skills for the Future,” is designed to support employment of vocational school students aged between 15 and 18 years old in Europe, the company said.Hyundai’s oversea
MobilityApril 27, 2012
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U.S. Olympians sue Samsung for damages
Samsung Electronics said on Friday that it has taken all necessary legal steps for the launch of its Facebook app, named the U.S. Olympic Genome Project.“As an Olympic sponsor, the company has followed the necessary protocol with the Olympic Committee and with the sports athletes before launching the app,” its spokesperson said.In a separate statement released to the media, Samsung Electronics said, it was “disappointed by the lawsuit,” and that “Samsung will continue to support Team USA and the
April 27, 2012
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Eating pizza could be good for you
Pizza is one of the most popular foods all over the world, and many will be pleased to know that the cheesy treat may be healthier than previously thought.According to a recent study, scientists have found that oregano, a seasoning usually used in pizza, may help fight prostate cancer.Pizza may help fight prostate cancer, according to a recent research. (MCT)Researchers from Long Island University
TechnologyApril 27, 2012
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SKorea retailers halt US beef sales over mad cow
SEOUL, South Korea - Two major South Korean retailers pulled U.S. beef from their stores Wednesday following the discovery of mad cow disease in a U.S. dairy cow. Reaction elsewhere in Asia was muted with Japan saying there’s no reason to restrict imports.South Korea’s No. 2 and No. 3 supermarket chains, Home Plus and Lotte Mart, said they halted sales of U.S. beef to calm worries among South Kore
April 27, 2012
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Pigeons have a ‘compass’ in their brains
A pair of pigeons touch beaks at an exhibit at a zoo, Thursday, April 26, 2012. (AP)Pigeons navigate by recording information about Earth’s magnetic field, using certain brain cells as a sort of biological compass, U.S. scientists say.The finding gives insight into how many birds can migrate thousands of miles, flying day and night, even when the sun or stars are obscured by clouds, the researcher
TechnologyApril 27, 2012
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Korea's current account tops $3 billion in March
South Korea's current account surplus widened sharply in March from the previous month, backed by strong auto and petrochmical exports, the central bank said Friday. The current account surplus reached $3.04 billion last month, up from $560 million in the black tallied in the previous month, according to the Bank of Korea (BOK). The figure is larger than the $1.33 billion surplus tallied a year
April 27, 2012
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Samsung Electronics posts record profits
Smartphones, displays up but chip down for tech giant in Q1 By Park Hyong-kiSamsung Electronics saw its first-quarter earnings hit an all-time high thanks to brisk global sales of smartphones, the company said on Friday.The Korean tech manufacturing giant said that its operating profit reached a record of 5.85 trillion won ($5.15 billion) in the period of January to March, up 98.4 percent from 2.9
TechnologyApril 27, 2012
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Korean economy to grow 3.5%: OECD
Report says the nation should take caution in developing social welfare programsThe Organization for Economic Cooperation and Development forecast Korea’s economic growth to be around 3.5 percent this year and 4.3 percent next year despite a slowdown in world trade. If the global economy were to experience a serious downturn, Korea can respond with fiscal stimulus, given its strong fiscal position, and monetary policy easing, the OECD said in its 2012 economic survey.The OECD said Korea faces tw
April 26, 2012
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Korea’s GDP grows 2.8% in 1st quarter
South Korea’s gross domestic product grew a modest 2.8 percent on-year in the first quarter mainly as facility investments and the steady pace of consumption offset losses in construction investment, the central bank said Thursday.The advance estimate is the lowest since the 1 percent gain tallied for the first quarter of 2009, but a solid 0.9 percent gain from the previous three-month period, the Bank of Korea said.The BOK said the 0.7 percent on-quarter drop in construction investment brought
April 26, 2012