Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
First-ever meeting of president, opposition chief set to finally happen
-
3
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
4
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
5
Experts raise concerns about Japan putting pressure on Naver over Line
-
6
South Korea to launch space security center under spy agency
-
7
More med professors to take day off each week while govt. urges them to stay
-
8
Hybe refutes Ador CEO Min's denial of breach of trust
-
9
S. Korea, Japan could consider simplified entry agreement: Seoul official
-
10
Legoland Korea Resort to open until 9 p.m.
-
KEPCO completes coal plant in Jordan
Korea Electric Power Corp. has completed its coal-fired power plant in Jordan with a capacity of 373 megawatt, the state-run utility said Tuesday.A consortium led by Korea’s sole power grid operator in July 2008 grabbed the deal worth $460,000, the company’s first in the Middle East. Under the contract, KEPCO will keep a 25 percent stake in the facility for the next 25 years and its affiliate Korea Southern Power will maintain and operate it. The Jordanian government will provide a payment guara
IndustryFeb. 28, 2012
-
Asan Nanum launches venture capital fund
The Asan Nanum Foundation, a charity set up by Hyundai Heavy Industries and its affiliates, said it launched on Tuesday a venture capital fund to help young entrepreneurs.Hyundai Heavy and its affiliates together will channel an additional 100 billion won ($88.8 million) into the fund, the shipbuilder said. Three companies ― KCC, Korea Flange and Hyundai Department ― have joined the initiative. The fund will be operated in consultation with industry experts and angel investors, the company added
IndustryFeb. 28, 2012
-
Shares up 0.63 percent on chipmakers, shipbuilders
Korean stocks rose 0.63 percent Tuesday, boosted by a rally in chipmakers and shipbuilders, analysts said. The local currency rose against the U.S. dollar.The benchmark KOSPI advanced 12.53 points to end at 2,003.69. Trading volume was moderate at 599 million shares worth 6.26 trillion won ($5.57 billion) with decliners leading gainers 383 to 450.“Concerns over rising oil prices eased ... and chipmakers rallied on hopes that they will benefit down the road with increased market shares,” said Kim
Feb. 28, 2012
-
Agency organizes team to track down tax evasion
The National Tax Service said Tuesday that it has created a team of 219 officials to tackle wealthy individuals evading taxes. The team, divided into 17 lots across the country, is tasked with tracking down those suspected of illegal wealth transfers and dodging taxes by hiding funds in tax haven countries. The formation of the new team is a follow up measure after NTS last year proclaimed that 2011 will be a year of investigating tax evasion.“However they try to conceal their wealth we will tra
Feb. 28, 2012
-
Card firms to challenge fees bill in court
Controversial law may pass National Assembly ahead of April electionsCredit card firms are considering filing a petition with the Constitutional Court to ban lawmakers from providing the government with the right to lower the services fees on card payments.A revision of the Credit Finance Business Act allows the government to set the rates of credit card service fees charged on retailers.Ahead of the April 11 general elections, the bill has been pushed by a dominant number of ruling and oppositi
Feb. 28, 2012
-
KT ready for NFC globalization
Firm jointly features NFC roaming coupon service with DoCoMo in BarcelonaKT Corp. announced Tuesday that it will launch the near field communication roaming coupon service for the first time together with Japan’s NTT DoCoMo beginning in April.Demonstrating the NFC coupon service at the Mobile World Congress in Barcelona, the firm said owners of its NFC mobile phones will be able to download discount coupons by placing their handsets on smart posters or reading the QR codes displayed at the airpo
IndustryFeb. 28, 2012
-
Conglomerates encroach on SME biz areas: report
Korea’s large family-owned conglomerates encroached on business areas fit for small and medium enterprises, a report by the country’s corporate watchdog said Tuesday.The Fair Trade Commission report showed 74 affiliates of 22 conglomerates doing business in such areas as retails, import and distribution, and so-called maintenance, repair and operations.It said of these companies, 17 were owned or managed by the children of the business groups such as Samsung, Lotte and Shinsegae.The antitrust co
Feb. 28, 2012
-
Scientists find key to immortality for asexual worms
British scientists have found that a species of flatworm can overcome the process of ageing to become potentially immortal, Reuters reported. (123rf image)In a study published in the Proceedings of the National Academy of Sciences journal on Monday the researchers found that the flatworms, kno
TechnologyFeb. 28, 2012
-
iPad 3 price hike is rumored
SAN FRANCISCO (UPI) -- The upcoming iPad 3 -- expected to be announced in a little more than a week-- could carry a $70-$80 price hike over its iPad 2 predecessor, analysts say.The MacRumors Web site posted an image Monday of a purported pricing sheet found on the popular Chinese microblogging site
TechnologyFeb. 28, 2012
-
Active video games don't boost exercise
Children who play active video games do not engage in more physical activity than those who play inactive video games, U.S. and Hong Kong researchers suggest. MCTTom Baranowski of the Children's Nutrition Research Center at Baylor College of Medicine in Houston, Ester Cerin of the Institute of Human
TechnologyFeb. 28, 2012
-
SK Telecom chief urges payment for network use
BARCELONA, Spain ― SK Telecom president Ha Sung-min on Monday made clear his opposition to companies that gain profits from network use but refuse to share the cost of the growing traffic burden with network providers. It was the first time that the head of the nation’s largest telecom operator had expressed his opinion openly on the widening disputes over network neutrality. “The surging network traffic was one of the concerns raised by global telecom carriers during a board members’ meeting of
IndustryFeb. 28, 2012
-
Big Brazilian firms setting sights on Korean bourse
Several big-cap Brazilian petrochemical makers, resource developers and food companies are seeking to list their shares on the Korean bourse in a bid to tap a new funding source, market watchers said Tuesday.Brazilian companies setting sights on the South Korean stock market include Braskem, the largest petrochemical company in the Americas, and Brasilfoods, the world‘s third-largest meat processor.The Brazilian companies have been sounding out the possibility of share listings on the Korea Exch
Feb. 28, 2012
-
Scientists say big asteroid bears watching
VIENNA (UPI) -- Scientists at a United Nations meeting in Vienna say they're keeping a close eye on a large asteroid that may pose an impact threat to Earth in a few decades.An artist`s illustration of asteroids. (European Space Agency/P. Carril)The subject of the asteroid known as 2011 AG5 was on t
TechnologyFeb. 28, 2012
-
Origin of photosynthesis revealed by a ‘living fossil’
Recently, the complete genome of a glaucophyte alga (Cyanophora paradoxa) has been unraveled by an international consortium led by Dr. Debashish Bhattacharya from Rutgers University. A schematic image of the "living fossil" Cyanophora paradoxa that is a member of the algal phylum Glaucophyta.
TechnologyFeb. 28, 2012
-
S. Korea posts current account deficit of $770 mln in January
South Korea posted a current account deficit in January for the first time in two years as exports slumped amid the eurozone debt crisis, the central bank said Tuesday.The current account deficit reached $770 million last month, shifting from a surplus of $2.81 billion the previous month, according
Feb. 28, 2012
-
Weight affected by some medications
Weight gain or loss may not always be caused by diet and exercise; it could be affected by medications, a U.S. pharmacist said.Ryan Roux, chief pharmacy officer, Harris County Hospital District, said certain medicines can cause significant weight changes. Fox example, weight side-effects are common
TechnologyFeb. 28, 2012
-
Elder sister sues Samsung chairman over inheritance
The elder sister of Samsung Electronics Co. chairman Lee Kun-hee has filed an inheritance suit against her brother, demanding some 190 billion won ($169million) in shares left by their late father, Samsung Group founder Lee Byung-chull, a law firm said Tuesday.The move comes two weeks after Lee Kun-hee, 70, was sued on similar grounds by his eldest brother Lee Maeng-hee, who demanded some 710 billion won in shares and cash.The sister, Lee Sook-hee, filed the suit with the Seoul Central District
Feb. 28, 2012
-
Korea, China, Japan to meet on investment
Korea, China and Japan will hold a meeting this week for a three-way accord aimed at promoting corporate direct investment, Seoul’s Trade Ministry said Monday.The gathering will be held in Tokyo from Tuesday to Thursday, the ministry said.The three nations have been negotiating the trilateral investment treaty since 2007 and the upcoming round of talks may be the last one to finalize the terms of the accord, officials said.The pact may be signed by the leaders of the three nations in May when th
Feb. 27, 2012
-
Pension fund’s investment return tumbles in 2011
Korea’s national pension fund saw its investment yield tumble last year as the eurozone debt crisis and the global economic downturn increased market instability, it operator said Monday.The National Pension Service, the country’s largest stock investor, said it earned around 7.67 trillion won ($6.8 billion) last year, or a 2.31 percent investment return. That compares with a 10.39 percent return in 2010 and a 10.41 yield in 2009.The NPS said the detailed figures on its portfolio investment will
Feb. 27, 2012
-
Linked workshop for sales professionals
Linked Seoul, a business networking community, plans to hold a hands-on workshop in Seoul on March 6 for salespeople.The seminar is designed to help salespeople apply a variety of tools and techniques by using practical skill-building exercises.The workshop will be at the Renaissance Hotel’s Orchid Room in southern Seoul from 7-9 p.m. Attendance is 25,000 won and it will start with a networking session before the workshop. More information can be found at www.linkedseoul.org.
Feb. 27, 2012