Most Popular
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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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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Korea still weak on resources: SERI
Korea’s resource developers should boost investment and productivity to ensure stable energy supplies and better cope with price swings, a think tank warned. Despite a recent upsurge in investment by state-run utilities and trading firms, their competitiveness remains weak compared to with their international peers due to a lack of technological knowhow and experience and passive risk taking, Samsung Economic Research Institute said in a report released last week.“Korea is in urgent need of its
IndustryApril 22, 2012
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European car sales fall to 14-year low as economy stalls
European car sales fell to a 14- year low last month, with Fiat SpA, Renault SA and PSA Peugeot Citroen posting the biggest drops, as the region’s sovereign- debt crisis caused economic growth to stall. Registrations in the 27-member European Union plus Switzerland, Norway and Iceland fell 6.6 percent from a year earlier to 1.5 million vehicles, the lowest figure for March since 1998, the Brussels-based European Automobile Manufacturers’ Association said today in a statement. First- quarter sale
MobilityApril 22, 2012
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U.S. regulators to examine electric-car battery safety
The U.S. auto-safety regulator said it will hold a forum on lithium-ion batteries in electric cars next month, almost a year after a General Motors Co. Chevrolet Volt caught fire following crash-testing. The National Highway Traffic Safety Administration announced a meeting May 18 in Washington to convene government officials and auto and battery-industry representatives to talk about “safety considerations” for cars powered by lithium-ion batteries. The meeting was announced in a posting on the
MobilityApril 22, 2012
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Renault Samsung looks to overseas markets
At home, automaker pinning hopes on electric vehicles to offset sluggish salesRenault Samsung Motors is seemingly prioritizing overseas markets over sales at home as consumption in Korea sags and the Chinese market enjoys rapid growth.During the first quarter of 2012, Renault Samsung posted exports of 27,505 units, 64 percent of its total sales of 42,939 units.Between 2000, when France’s Renault acquired the then Korean carmaker, and 2010, the carmaker’s yearly domestic sales exceeded exports.Th
MobilityApril 22, 2012
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Meat-eating contributed to human evolution: study
Recent study suggests that introduction of meat-eating worked as a key factor in the booming population growth of humankind and ultimately its domination, Science Daily reported Friday.A high-quality diet made possible by devouring meat caused prehistoric humankind to wean faster, allowing them to be more productive, according to a research by a group of scientists from Lund University in Sweden.“Eating meat enabled the breast-feeding period and thereby the time between births to be shortened,”
TechnologyApril 22, 2012
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Hen has chick without laying egg
A hen in Sri Lanka gave birth to a chick without an egg, veterinary officials said.(Photo courtesy of Manula Kumarage)Instead of being laid by the hen and incubated in the nest, the egg was incubated inside the hen for 21 days and then the chick hatched inside the mother.The chick is normally formed and healthy, veterinarians say, although the mother hen died.The government veterinary officer in t
TechnologyApril 22, 2012
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Twins charged with stock fraud
U.S. finance regulators said 21-year-old twins from Britain sold investors on a fraudulent computer program they said would make investment choices.The brothers Alexander and Thomas Hunter created a newsletter called Doubling Stocks and sold investors on a robot program called Marl, which made their investment decisions, The Financial Times reported Saturday.The Securities and Exchange Commission
April 22, 2012
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Africa said rich in underground water
The continent of Africa is sitting on a vast reservoir of groundwater in underground aquifers holding 100 times the amount found on the surface, scientists say.Researchers from the British Geological Survey and University College London have mapped the amount and potential yield of groundwater resources for the entire continent.While rivers and lakes are subject to seasonal changes that can limit
TechnologyApril 22, 2012
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Strict eating rules can up child obesity
A Swedish researcher warns parents against strict rules on what children may eat because such rules can result in less healthy eating.(MCT)Nutritionist Elisabeth Lind Melbye at the University of Stavanger in Sweden studied what worked and what didn't when parents sought to teach their offspring about healthy eating practices.The proportion of child obesity in the United States and Britain and sout
TechnologyApril 22, 2012
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Finance chief urges global efforts to curb oil prices
South Korea’s finance minister has called for greater international cooperation to control the surging price of crude oil, which can weigh down economic growth, the government said Friday.“The minister met with counterparts from China, India, Mexico and Canada, as well as the head of the World Bank, and exchanged views on what measures can be taken to deal with crude prices,” the Ministry of Strategy and Finance said in a press release in Seoul.Bahk Jae-wan is in Washington to take part in a two
April 20, 2012
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Shares fall 1.26% on weak U.S. economic data
South Korean stocks fell 1.26 percent on Friday due to disappointing U.S. job and technology sector data and eurozone concerns, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 25.21 points to close at 1,974.65. Trading volume was moderate at 508 million shares worth 4.74 trillion won ($4.14 billion), with losers outpacing gainers 602 to 247.“Weaker-than-expected U.S. economic data related to the labor and housing markets and
April 20, 2012
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EN Technologies aims to grow into global power equipment maker
Samsung, LG-invested tech company eyes IPO, joint venturesGoing global may not be an easy task for a small company, but EN Technologies, a Korean electric power equipment and parts developer, wants to prove that nothing is impossible for a venture tech firm like itself.“My goal, at a personal level, is to show that even a venture firm in Korea can truly become a global enterprise like U.S. companies that started out as start-ups in Silicon Valley,” CEO and founder Tay Lee said in an interview wi
IndustryApril 20, 2012
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Samsung pushes ahead with Apple patent suits
Korean company files eight more patent infringement suits in CaliforniaSamsung Electronics said Friday it filed another suit against its rival Apple Inc. at a Californian court this week, requesting that the U.S. firm stop selling the new iPad, Mac laptop and Apple TV.The Korean IT behemoth has filed eight different patent infringement cases against Apple, seen as a move taken to fight Apple’s U.S. federal lawsuit against Samsung earlier in February.The lawsuits included Samsung’s claims that A
IndustryApril 20, 2012
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Samsung Total’s entry draws mixed responses
The entry of Samsung Total Petrochemicals into the country’s retail petrol market is stirring up mixed responses, according to industry sources on Friday.Although some say it will have limited impact in the industry in the short term, it is expected to facilitate Samsung’s entry into the nation’s tightly-controlled petroleum market, currently dominated by four big industrial names ― SK, GS, Hyundai and S-Oil, the sources said.“The level of impact will be insignificant at first because of its sma
IndustryApril 20, 2012
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Korea to ban online collection of resident numbers
Companies can face fines up to 1 percent of revenue for data leaksResident registration numbers will no longer be requested by websites and companies as the government announced Friday measures for better data protection. The online sector will be first banned from collecting resident registration numbers from as early as August, followed by public organizations and private companies in phases. The Korea Communications Commission, the Ministry of Public Administration and Security and the Financ
IndustryApril 20, 2012
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First gene linked to common form of psoriasis identified
Scientists have identified the first gene directly linked to the most common form of psoriasis, a chronic skin condition. The research led by Washington University School of Medicine in St. Louis shows that rare mutations in the CARD14 gene, when activated by an environmental trigger, can lead to plaque psoriasis. This type of psoriasis accounts for 80 percent of all cases and is characterized by
TechnologyApril 20, 2012
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Apple IPhone 5 May Debut in October, Analyst Munster Says
Apple Inc.’s next iPhone is likely to be introduced in October and will feature a new body design and work with faster wireless networks, according to Gene Munster, an analyst at Piper Jaffray Cos. who had expected an August release for the top-selling smartphone.In a note today, Munster wrote that October is more probable after chipmaker Qualcomm Inc. announced it is having trouble meeting demand
TechnologyApril 20, 2012
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LG Chem posts W5.75tr in sale in Q1
LG Chem on Thursday posted 5.75 trillion won ($5.05 billion) in sales and 459 billion won in operating profit for the first quarter, indicating that the slowing demand in China has contributed to the loss of sales.The firm said its sales grew 2.8 percent compared to the final quarter of last year, but its operating profit figure was down 8.2 percent during the same period.However, its net profit during January to March amounted to 380 billion won, a slight rise of 1 percent compared to the previ
IndustryApril 19, 2012
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Open bidding plan for new KTX line unveiled
The Ministry of Land, Transport and Maritime Affairs announced on Thursday a formal open bidding document for a new KTX line, whose route involves Suseo, rekindling disputes over the privatization of the bullet train system. The plan confirmed the government’s resolve to allow private companies to run part of the train network. Opposition parties and civic groups, however, protested that the move is a step toward the privatization of KTX, which will lead to higher rates. The Suseo route of the K
April 19, 2012
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Retail chains to open earlier
South Korea’s large retail chains are starting their business earlier to minimize the expected decline in revenues due to the new regulations that govern business hours. Homeplus, one of the biggest retail chains here, said it has adjusted the opening time from 10 a.m. to 9 a.m. for its 22 branches across the nation.Other retailers such as Emart and Lotte Mart are reportedly moving in the same direction, starting their business 30 minutes or 1 hour earlier. The move came as the retailers face a
IndustryApril 19, 2012