Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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[Weekender] How DDP emerged as an icon of Seoul
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Seoul to provide housing subsidy to married couples with newborns
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Rapper jailed after public street fight with another rapper
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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Carmakers strive to increase sales in China
Renault to produce some models in world’s largest automobile marketBEIJING ― Global carmakers including Korean players are competing to increase their market share in China, the world’s largest automobile market.In the past several years, China has overtaken the Untied States in vehicle sales per annum.While General Motors and Volkswagen had dominated the Chinese market, Hyundai Motor has continued to increase its share since it established the Beijing Hyundai corporation and factories a decade
MobilityApril 23, 2012
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Shares end flat before U.S. rate decision
South Korean stocks closed effectively flat on Monday as investors waited for this week’s U.S. interest rate decision and corporate earnings, analysts said. The local currency dipped against the U.S. dollar.The benchmark Korea Composite Stock Price Index gave up 2.02 points, or 0.10 percent, to close at 1,972.63. Trading volume was moderate at 578 million shares worth 3.52 trillion won ($3.08 billion), with losers outpacing gainers 510 to 314.“There was no real upward or downside momentum,” said
April 23, 2012
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Kim MS shares rally on presidential run
Regulators, analysts caution investors against politically-driven stocksManufacturing, materials and rail shares linked to Kim Moon-soo rallied across the board on Monday, following the incumbent Gyeonggi governor’s official announcement that he will run for the presidency at the end of the year.The jump has led the Financial Supervisory Service to strengthen its oversight over political-themed stocks, including ones related to other presidential hopefuls such as Seoul National University profes
April 23, 2012
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Korea says insulated from sudden shortage of rare earth elements
South Korea has secured supply channels and emergency reserves to cope with immediate shortfalls in rare earth elements that are vital for its industries, the government said Monday.The Ministry of Knowledge Economy said despite uncertainties caused by the United States, Europe and Japan reporting China to the World Trade Organization for unfairly controlling the export of rare earth elements, South Korea will not face any challenges to meet its demand.Rare earth elements are 17 materials in the
April 23, 2012
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Insurers’ loan delinquency rate stable in March
The loan delinquency ratio of South Korean insurers remained unchanged in March from the previous month reflecting stable financial market conditions, the financial watchdog said Monday.The average default ratio of loans extended by local life and non-life insurers came in at 0.81 percent as of the end of March, according to the Financial Supervisory Service. This marks the third month in a row that the default rate has remained fixed.The latest report showed that compared to the year before, th
April 23, 2012
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Asian science parks to be discussed on Jeju
About 230 delegates from nine member countries of the Asia Science Park Association gathered on Jeju Island this week to discuss the future of high-tech science parks in Asia.The Jeju Free International City Development Center is hosting the “ASPA Leaders Meeting” at Jeju Science Park from Monday through Wednesday. ASPA is an international organization established in 1997 to help revitalize Asian economies through cooperation among Asian high-tech science parks. This year, participants will exch
IndustryApril 23, 2012
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UNESCAP pursues sense of community
Agency reaches out to SoftBank, POSCO for infrastructure in MongoliaSONGDO, Incheon ― Two years have passed since the United Nations Economic and Social Commission for Asia and the Pacific, Northeast Asia subregional office was established in Songdo.After making connections and contacts with regional think tanks, academics and the private sector, the real challenge is still ahead for Dr. Kilaparti Ramakrishna, the head of the UNESCAP for East and Northeast Asia, which aims to promote unity and g
April 23, 2012
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French golf tournament this week
The French Chamber of Commerce and Industry will hold an amateur golf event on April 27 aimed at improving the relationship of the two countries.The French-Korean Golf Tournament plans to increase awareness of the French brand, “Rendez-vous en France.”The tournament is co-hosted by the France Tourism Development Agency and the Chamber.The event at the Jack Nicklaus Golf Club will also offer the opportunity to network with sponsors, partners and prospective clients in one of the most prestigious
IndustryApril 23, 2012
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Austcham organizes trip to Yeosu
The Australian Chamber of Commerce is organizing a trip to the Yeosu Expo on May 27 to celebrate Australia National day at the fair.The 2012 Yeosu World Expo will be held May 12-Aug. 12 in Yeosu, South Jeolla Province. The Australian event will feature an official welcoming and a concert headlined by Australian performer Jessica Mauboy. To coincide with the function, Austcham and Austrade will lead a mission of up to 20 chamber members and 20 Korean guests to the Expo to join in the Australia da
IndustryApril 23, 2012
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Costco criticizes retailer restrictions
Warehouse giant makes success story in KoreaThe giant warehouse Costco Korea chief has criticized the country’s new regulation forcing large retailers to close one or two days a month or to cut operating hours, contending that the measure will not help small merchants. “This will hurt the very people they are trying to help,” Costco country manager Preston Draper told The Korea Herald last week.“We disagree with (the new regulation) because we fundamentally supply products to the small merchants
IndustryApril 23, 2012
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Scientists find genes linked to aging
British scientists have identified genes that are flicked on and off in the course of the aging process, marking a breakthrough for anti-aging research, Science Daily reported Thursday.The epigenetic changes in four genes related to cholesterol, lung function and maternal longevity seemed to have a significant impact on aging and longevity, researchers at King’s College London and Wellcome Trust Sanger Institute found. Epigenetic refers to hereditary genetic modifications that do not change unde
TechnologyApril 23, 2012
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Seoul shares end flat before U.S. rate decision, earnings reports
South Korean stocks closed effectively flat on Monday as investors waited for this week's U.S. interest rate decision and corporate earnings, analysts said. The local currency dipped against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gave up 2.02 points, or 0.10 percent, to close at 1,972.63. Trading volume was moderate at 578 million shares worth 3.52 trillion won
April 23, 2012
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Hyundai Motor expands aid to suppliers
Hyundai Motor Group plans to up the funds it provides to its subcontractors, giving out about 600 billion won ($530 million) this year. About 320 billion won will support suppliers’ research and development activities and the rest will be allocated as loans with low interest rates, the group said in a statement on Sunday.The automotive group said it is showing its commitment to co-prosperity, as its 11 business units, including Hyundai Motor, Kia Motors and Hyundai Mobis, have signed a pact with
MobilityApril 23, 2012
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Singapore to display respect for environment at Yeosu Expo
The Singapore Pavilion at the Yeosu Expo will showcase how Singapore balances growth and development with environmental sustainability, organizers said.“Presenting the theme ‘Paradox-ity: City of Contrast,’ a story inspired by the creative contrasts within our island city-state, the visitor journey at the pavilion will begin at the facade and continue through four main galleries,” said Eng Tiang Sing, commissioner for the Singapore Pavilion. Through the four main content segments ― waste managem
April 23, 2012
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Low-fat dairy may lower stroke risk
In a large study involving almost 75,000 adults in Sweden ages 45-83, those who ate low-fat dairy products had less risk of stroke, researchers said. First author Susanna Larsson, an associate professor of epidemiology at the National Institute of Environmental Medicine at the Karolinska Institute in Stockholm, Sweden, said at the beginning of the study participants were free of heart disease, str
TechnologyApril 23, 2012
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Texas teen charged with false cancer claim
A Texas teenager was arrested for allegedly conning folks in the El Paso area with a false story about battling cancer.Angie Gomez, 19, Horizon City, was indicted by an El Paso County grand jury on theft-by-deception for allegedly accepting about $17,000 in donations based on claims she had been stricken with leukemia.She was locked up Friday on $50,000 bond.Gomez had told her high school classmat
TechnologyApril 23, 2012
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Light bulb with 20-year life unveiled in US on Earth Day
A prize-winning, super-energy-saving LED bulb from Dutch electronics giant Philips said to last over 20 years went on sale Sunday to coincide with Earth Day.The bulb that won the US Department of Energy's "Bright Tomorrow Lighting Prize" was available from retailers for $50, down from an initial $60 price tag. The company said it was planning discounts to bring the cost down to as little as $25.Th
IndustryApril 23, 2012
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Daum TV brings Web to living room
IT company should look beyond location, Daum CEO says of Jeju relocationJEJU ISLAND ― Daum Communications, the nation’s second-most visited search engine, on Friday unveiled its new Daum TV platform in Jeju Island, where the company recently relocated its headquarters. The first entry into the smart TV market as a local portal site is an effort for Daum to extend its dominance of computing and mobile services to television.The company may also hope to up the ante in its ongoing tussle with rival
TechnologyApril 22, 2012
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Korean food gets ‘C’ in test of public opinion
Korean food has been graded “C” among international cuisine, despite the government’s efforts to promote its cuisine worldwide, according to the Ministry for Food, Agriculture, Forestry and Fisheries on Sunday.Citing a survey of 593 people in five countries on 12 national foods, Korean food got only 73.2 points out of 100 in terms of taste, look, price and service. It ranked seventh in the ministry’s global food index, followed by Turkey, Malaysia and Vietnam.Italian and Japanese dishes were the
IndustryApril 22, 2012
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SMEC develops remote control software
SMEC Co., a Korean machinery and robot developer, said Sunday it had developed an application for mobile devices to operate its products by remote control.The Moricon allows engineers to reset or turn on and off computer numerical control tools and other machines and check their status in real time using their smartphones or tablet computers outside the factory, the company said. The Daejeon-based firm unveiled the application at the Seoul International Machine Tool Show 2012 on April 17-22, a t
IndustryApril 22, 2012