Most Popular
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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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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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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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More med professors to take day off each week while govt. urges them to stay
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South Korea to launch space security center under spy agency
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Nuclear energy giant Areva sees Korea as aggressive competitor
Areva, the Paris-based nuclear energy giant, said Friday that Korean nuclear companies have become more aggressive competitors while also serving as customers of the firm.“I think the Korean industry is a competitor and a customer and we respect both,” said Areva’s president and chief executive Luc Oursel in a press conference on the sidelines of the 2012 Seoul Nuclear Industry Summit in southern Seoul.“We obviously see a more aggressive competitor and we like competition.”Areva, a well-known na
IndustryMarch 23, 2012
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KHNP hosts industry summit, steps up safety
Korea Hydro & Nuclear Power Co. said it has been stepping up its efforts to boost safety and energy security as the operator of the country’s 23 nuclear power plants. The state-run utility hosted the two-day Nuclear Industry Summit in Seoul on Friday, setting the stage for leaders from across the globe to share their experience and knowledge in enhancing the safety of atomic power ahead of the Nuclear Security Summit on March 26-27. After being spun off from Korea Electric Power Corp. in 2001, t
IndustryMarch 23, 2012
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Raising accredited security professionals ‘essential’
Korea needs to foster more sufficiently accredited nuclear security professionals to stand out as a reactor exporter in an expanding global atomic power plant market, Roger Howsley, president of the World Institute for Nuclear Security, said on Friday.The British expert on nuclear security said exporting of nuclear power plants should come with safety management for the reactor post-construction.“I think it’s essential to have accredited professionals for safety and emergency management. Raisin
IndustryMarch 23, 2012
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Hanwha chairman Kim sells stake in Hanwha Securities
Hanwha Group chairman Kim Seung-youn sold his entire holdings of Hanwha Securities, the brokerage said in a filing to the Korea Exchange on Friday. Kim held about 323,000 shares in the securities house, or 0.39 percent. Hanwha Securities said that Kim’s sale was to “simplify the stake ownership” and its affiliate Hanwha Time World took over Kim’s entire stake in order not to have an impact on the market. The stake sale came after Hanwha Group went through a turbulent period concerning Kim and fo
March 23, 2012
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Study shows potential for mind manipulation
A group of U.S. scientists have succeeded in artificially manipulating memories in mice brains, offering possibility for weakening harmful thoughts in mental patients, Science Daily reported Thursday.It has been known that stimulating certain parts of the brain can induce behaviors or memories, but the mechanism behind those memory functions has remained a mystery.Now a new study by the Scripps Research Institute suggests a clue to understanding the complexity of the human mind.Researchers genet
TechnologyMarch 23, 2012
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Foods needed to quit smoking
The eating habits of smokers are not only that they have a higher intake of high-calorie foods, including fatty foods or alcohol, as compared with non-smokers, but also that they are more vulnerable to a variety of cancers as well as arteriosclerosis due to a lower intake of fresh vegetables and fruits, both of which are dietary sources of anti-oxidant vitamins (vitamins C, E and A).Besides, they have a greater preference for foods such as coffee. Their eating habits are also more irregular.Seru
TechnologyMarch 23, 2012
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Scientists develop stem cells that may help treat dementia
A joint research team from South Korea and Germany said Friday they have created stem cells that have the potential to help treat people suffering from dementia and spinal cord trauma.Scientists from Konkuk University and the Max Planck Institute said they have successfully used somatic cells from mice to create so-called induced neural stem cells (iNSCs) that can be cultivated for over a year under laboratory conditions.The iNSCs have also been injected into the brains of mice and differentiate
TechnologyMarch 23, 2012
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Scheduled feeding may lower baby's IQ
Babies breastfed or bottle-fed to a schedule may not perform as well in school as babies fed on demand, British researchers found. (MCT image)Study leader Dr. Maria Iacovou of the Institute for Social and Economic Research at University of Essex and at the University of Oxford said this was the firs
TechnologyMarch 23, 2012
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Scientists develop stem cells that may help treat dementia
A joint research team from South Korea and Germany said Friday they have created stem cells that have the potential to help treat people suffering from dementia and spinal cord trauma.Scientists from Konkuk University and the Max Planck Institute said they have successfully used somatic cells from m
TechnologyMarch 23, 2012
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Industry leaders open forum on nuclear safety
Nuclear energy industry leaders from around the world kicked off a two-day meeting in Seoul Friday to help advance atomic safety and support global security.The Nuclear Industry Summit will offer viable recommendations to leaders of 58 nations and international organizations who will participate in
IndustryMarch 23, 2012
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Noodle firms fined W135.4b for price-rigging
Ramen makers tangled up in shady deals for nine years: FTCThe Fair Trade Commission said Thursday that it imposed fines totaling 135.4 billion won ($120 million) on four major instant noodle makers here for colluding to fix prices. Nongshim, the market leader, was fined the largest amount of 107.7 billion won, followed by Samyang with 11.6 billion won, Ottogi with 9.7 billion won and Korea Yakult with 6.2 billion won. The four companies had exchanged product information and fixed the prices of k
IndustryMarch 22, 2012
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Nuclear industry discusses safety
Industry leaders to discuss role of private sector in enhancing nuclear safety, securityMore than 200 representatives of nuclear power companies and related international organizations, such as the International Atomic Energy Agency, will gather in Seoul on Friday for discussions on how to ensure nuclear safety.The two-day Nuclear Industry Summit, themed “The Role of the Nuclear Industry in Enhancing Nuclear Security and Safety,” is being held in conjunction with the Seoul Nuclear Security Summi
IndustryMarch 22, 2012
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Hyundai Heavy, 40, targets W100tr sales
Hyundai Heavy Industries has set the goal of achieving 100 trillion won ($88 billion) in yearly sales within four years.The shipbuilding group’s sales target was announced during an event celebrating the 40th anniversary of its foundation on Thursday.While the group posted sales of 66 trillion won in 2011, it is aiming at 52 percent growth in four years to reach 100 trillion won in 2015.Hyundai Heavy CEO Lee Jae-sung vowed to meet new challenges for further development during his speech at the e
IndustryMarch 22, 2012
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Biz bodies warn politicians against populist pledges
Korea’s major business organizations urged politicians Thursday to refrain from making populist pledges to win votes, stressing such moves will hurt the country’s economy in the long run.The Federation of Korean Industries, the lobby for the country’s family-controlled conglomerates, and four other organizations claimed that resorting to populism poses problems for the country’s fiscal health and can seriously affect economic growth potential.“There is a rush by politicians and some civic groups
March 22, 2012
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LG Uplus enters Japanese Web storage service market
LG Uplus, one of the nation’s three telecom carriers, on Thursday started Web-based file storage services in Japan in a partnership with the Tokyo-based IT solution firm Computer Engineering & Consulting. This is the first time that a local Web storage service has entered an overseas market. LG Uplus, the nation’s No. 1 online storage service provider, hopes to achieve more than 30 billion won ($27 million) in accumulated sales by 2015. Under their agreement made in November, LG Uplus will devel
IndustryMarch 22, 2012
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Samsung offers partners R&D funds
Samsung Group said on Thursday that it would offer 770.7 billion won ($682.3 million) as research and development funds to its partner firms this year at its event held to promote fair trade and mutual growth.At the event organized at Samsung’s office in southern Seoul, 11 Samsung affiliates signed a treaty with 3,270 primary suppliers, while they also signed treaties with 1,269 secondary suppliers, according to company officials.It was attended by representatives from the Fair Trade Commission,
IndustryMarch 22, 2012
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Samsung picks Xian for Chinese factory
Samsung Electronics is expected to build its second overseas NAND Flash manufacturing plant in Xian, Shaanxi province, after signing an agreement with the regional government late Wednesday.Samsung, the world’s top memory chip maker, will hold working-level talks with the government of Xian, which the Korean IT behemoth picked as its preferred candidate city, after getting the green light from the Korean government to construct a memory chip plant in China last December.Samsung currently has one
IndustryMarch 22, 2012
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BOK urged to raise key interest rate
Korea’s central bank should raise its policy rate to help cement its commitment toward price stability in Asia’s fourth-largest economy, a state-run think tank said Thursday.The Korea Development Institute said the Bank of Korea should “normalize” its rate policy in a bid to secure market trust, and needs to deliver a signal to the market that price stability is its top priority.“The authorities are urged to normalize macroeconomic policies and need to guard the economy against growing uncertain
March 22, 2012
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Hana Bank CEO takes office
Kim Jong-jun, former chief executive of Hana Capital, launched his two-year term as Hana Bank CEO on Thursday.His predecessor Kim Jung-tai will take office as chairman of Hana Financial Group on March 26.The new Hana Bank CEO has said he would do his best to help the parent company Hana Financial become one of the world’s top 50 financial groups by supporting the new chairman.Born in Busan in 1956, Kim graduated from Sungkyunkwan University before he began his career as a banker at Korea Investm
March 22, 2012
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Shares end flat amid lack of momentum
Korean stocks finished almost unchanged on Thursday as the absence of new momentum and upcoming events such as the nuclear summit put investors on the sidelines, analysts said. The local currency rose against the U.S. dollar. After moving in a narrow range, the benchmark Korea Composite Stock Price Index ended at 2,026.12, down 0.05 percent, or 1.11 points. Trading volume was moderate at 534 million shares worth 5.22 trillion won ($4.62 billion) with losers leading gainers 569 to 265. “The big p
March 22, 2012