Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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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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Experts raise concerns about Japan putting pressure on Naver over Line
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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Legoland Korea Resort to open until 9 p.m.
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[Weekender] How DDP emerged as an icon of Seoul
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U.S.: More work needed to stop smoking in young people
RICHMOND, Va. (AP) ― More work needs to be done to keep young Americans from using tobacco, including creating smoking bans and increasing taxes on tobacco products, the U.S. Surgeon General’s office said in a report released Thursday.Almost one in five high school-aged teens smokes, down from earlier decades, but the rate of decline has slowed, the report said.It says it’s particularly important to stop young people from using tobacco because those who start smoking as teenagers can increase th
TechnologyMarch 15, 2012
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Gastritis
Mr. K is 40 years of age, and recently experienced a digestive disturbance and felt pain at the epigastrium, or upper central region of the abdomen, after overeating. He also sometimes presented with such symptoms as vomiting or heart burn. He therefore visited a local clinic. Through an interview with Mr. K, the physician recognized the symptoms and performed an abdominal examination. This was followed by a gastric X-ray, where it was found that Mr. K had no serious problems such as an ulcer or
TechnologyMarch 15, 2012
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Making meat in your diet history
More Koreans turn vegetarian though skepticism remains about its health effectsThirty-two-year-old office worker Kim Jin-ee recently decided to become a vegan. She removed all meat, milk, fish and eggs from her fridge to start. It was not her first time trying out a vegetable-oriented diet. She tried a couple of years ago, but failed. “People around haven’t been too generous with vegetarians. The company dinners were all about meat or sashimi, and everywhere you go you would have more than one o
TechnologyMarch 15, 2012
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Handset makers, telecom carriers slapped for deceptive pricing
SKT fined the largest amount of 20.25 billion won The nation’s antitrust watchdog said Thursday that it imposed fines totaling 45.33 billion won ($39 million)on local handset makers and telecom carriers for inflating cell phone prices via a deceptive pricing policy. According to the Fair Trade Commi
IndustryMarch 15, 2012
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Handset makers, carriers fined for deceptive pricing
The nation’s antitrust watchdog said Thursday that it imposed fines totaling 45.33 billion won ($39 million) on local handset makers and telecom carriers for inflating cell phone prices via a deceptive pricing policy. According to the Fair Trade Commission, almost all the major players in the telecom market have colluded to inflate the prices of cell phones for years while advertising that they were offering cheaper deals through subsidy plans. SK Telecom was fined with the largest amount of 20.
IndustryMarch 15, 2012
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Korea to set up $500m fund for industrial plant building
Korea will establish a $500 million industrial plant building fund to help local builders win overseas contracts, the government said Thursday.The plan, outlined at a weekly economic policymakers meeting, calls for the pooling of money from local pension operators and Middle East sovereign funds so Korean engineering and construction companies can better secure new deals.“Since construction projects are becoming bigger, value-added and high risk ventures, the ability of builders to come up with
IndustryMarch 15, 2012
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Korea’s jobless rate lowest in OECD
Korea’s unemployment rate was the lowest among the 34 leading industrialized economies for the sixth consecutive month in January, a report showed on Thursday.The Organization for Economic Cooperation and Development report said Korea’s jobless rate moved between the 3.1 percent to 3.3 percent range from August to January.In January, the jobless rate of Asia’s fourth-largest economy reached 3.2 percent, or 5 percentage points lower than the OECD’s average.The latest report showed double-digit un
March 15, 2012
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Number of stock trades jumps in February
Korea’s stock transactions surged to a 33 month-high in February due to the influx of investors attracted by rising share prices, data showed Thursday. According to the data by the Korea Exchange and the Bank of Korea, 13.2 billion shares were bought and sold last month, up 53.6 percent from 8.6 billion shares traded in January.Last month’s trading volume was the highest since May 2009, with the total value of shares changing hands reaching a six-month high of 143.8 trillion won ($127.1 billion)
March 15, 2012
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Study: Dinosaurs' exit not mammals' cue
An Australian study challenges a theory that the disappearance of dinosaurs 65 million years ago is what allowed modern mammals to flourish, researchers say.Researchers at the University of New South Wales say their study suggests mammals had already begun to diversify long before the asteroid-linke
TechnologyMarch 15, 2012
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Human-like fossils in China caves puzzle scientists
The most recent fossils ever found of a human-like species in southeast China have presented scientists with a mystery about what may be an unknown Stone Age culture, researchers said Wednesday.Sometimes called the "red deer people," the remains are about 11,500 to 14,500 years old and appear to sho
TechnologyMarch 15, 2012
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New frog species discovered in New York City
Amazed biologists have uncovered a new species of frog in the jungle -- New York's concrete jungle. An illustration of a frog (MCT)The mottled green creature was for years mistaken as belonging to a widespread variety of the leopard frog. But now scientists realize this is new."For a new species to
TechnologyMarch 15, 2012
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‘FTA will create momentum for economy’
KITA chairman forecasts herald interview 7-8 percent growth for Korea’s trade volumeThis is the second of a series of interviews of top officials on FTAs in light of the Korea-U.S. FTA taking effect. ― Ed.Despite persistent signs of fragility clouding the world economy, free trade pacts will lend a fresh impetus to Korea and its counterparts, said Han Duck-soo, chairman of the Korea International Trade Association.With the Korea-U.S. FTA taking effect Thursday, Han predicts that trade volume for
March 14, 2012
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Tax office promises fewer, easier audits on foreign firms
Korea’s tax authorities said they would reduce the frequency and scope of tax audits on foreign companies doing business here in a bid to attract more long-term investment. “Korea’s economic success has been greatly helped by the participation of foreign companies. We need to get rid of all uncertainties in tax probes to help create a business-friendly environment,” National Tax Service deputy commissioner Kim Moon-soo told a meeting of foreign company chiefs Wednesday. Explaining the change, NT
IndustryMarch 14, 2012
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Punishment due on officials who delayed nuke power loss report
Knowledge Economy Minister Hong Suk-woo on Wednesday apologized for delayed reports of the temporary power loss at the Gori nuclear power plant in Busan on Feb. 9 and vowed to reprimand those responsible. Kim Jong-shin, chief executive of Korea Hydro & Nuclear Power Co., said he will take responsibility if necessary, adding that he only learned about the accident on Sunday and reported it to the ministry and nuclear security authorities on Monday.“I apologize for the belated reports on the power
March 14, 2012
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Samsung supplies Apple with screen for new iPad
Samsung Electronics Co. will supply the screen for Apple Inc.’s new iPad after LG Display Co. and Sharp Corp. didn’t meet the U.S. company’s quality requirements, according to an analyst with iSuppli. Samsung, the world’s top flat-panel maker, currently is the sole vendor of the display for the 9.7-inch, touch-screen device, said Vinita Jakhanwal, a senior manager at iSuppli, a unit of Englewood, Colorado-based IHS Inc. The new tablet goes on sale March 16. The supply deal deepens Apple’s partne
TechnologyMarch 14, 2012
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NCsoft to see China sales surge: report
HONG KONG (Yonhap News) ― NCsoft Corp., a leading online game developer in South Korea, will likely see its sales in China rise sharply this year largely thanks to its new partnership with a Chinese distributor, Goldman Sachs said Wednesday.NCsoft currently distributes its flagship massively multiplayer online role-playing games ― Lineage I, Lineage II and Aion ― in China through a contract with Shanda Interactive Entertainment Ltd., a Shanghai-based operator of online games. The company has ter
TechnologyMarch 14, 2012
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Economic downturn hurts consumer goods makers: poll
Korea’s economic slowdown and a general drop in demand has put a dent in roughly half of all consumer product manufacturers in the country, a poll showed Wednesday.The survey of 350 domestic demand oriented companies conducted by the Korea Chamber of Commerce and Industry showed 47.7 percent of the respondents saying they are feeling the pinch of sluggish economic growth.Asia’s fourth-largest economy is expected to grow 3.7 percent this year, down from 3.8 percent last year and 6.2 percent growt
March 14, 2012
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Seoul shares hit 7-month high on U.S. optimism
South Korean stocks soared to a seven-month high on Wednesday as exporter shares posted firm gains on the back of optimism over the U.S. economy, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI climbed 20.04 points, or 0.99 percent, to 2,045.08, the highest close since 2,066.26 on Aug. 3. Trading volume was heavy at 534.4 million shares worth 6.3 trillion won ($5.6 billion), with gainers outnumbering decliners 461 to 356.“Better-than-expected retail sales data
March 14, 2012
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Retailers to boycott Samsung Card
Company attacked for offering exclusive benefits to Costco in service feesAbout two million retailers nationwide are poised to boycott consumers’ payments via Samsung Card from next month.They demand the nation’s third-largest credit card issuer cut settlement service charges on retailers and cease offering exclusive benefits to Costco Wholesale Korea, a large discount chain.The association, composed of small- and mid-sized retailers, demanded the card issuer cut the service fee to 1.5 percent o
March 14, 2012
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Samsung lead triples in Chinese market as iPhone fails to gain
Apple Inc. got a second partner in China to sell the iPhone in the world’s biggest mobile-phone market. The deal may be too late to catch Samsung Electronics Co., with a market share that’s three times larger and growing. China Telecom Corp. began selling the iPhone last week as Apple tries to build on its 7.5 percent share of the country’s smartphone sales. Samsung controlled 24.3 percent of the market for phones that can play videos and games, according to Gartner Inc., using a strategy of all
TechnologyMarch 14, 2012