Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Your home’s age important for child lead exposure
WASHINGTON (AP) ― If you’ve been putting off repairing a peeling windowsill, or you’re thinking of knocking out a wall, listen up: Check how old your house is. You may need to take steps to protect your kids from dangerous lead.The risk of lead-based paint from older homes is back in the news, as the government considers tightening the definition of lead poisoning in babies, toddlers and preschoolers. Lower levels than previously thought may harm their developing brains.That’s a scary-sounding m
TechnologyJan. 12, 2012
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Mobile app provides instant nutrition information
If you are at a supermarket, wondering if a food item will make you fat, a new smartphone app by Korea Food and Drug Administration can tell you.The newly released application, New High-fat and Less Healthy Food Alert-e, contains information about the nutritional value of nearly all popular snacks, candies and ice creams. By simply scanning the barcodes on snack packages, the app will automatically tell whether the food is healthy or not. And by inputting a product name or a main ingredient, con
TechnologyJan. 12, 2012
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Women with larger breasts suffer backaches: hospital
Women with larger breasts are more likely to suffer backaches than those with smaller breasts, TnTn Hospital said Monday. According to Cho Tae-yeon, chief of the network hospital specializing in spinal health, larger breasts could pull the torso forward and in the worst case cause a herniated disk. A herniated disk is a condition when the disk between two bones in the spine presses on the nerves around the backbone.“One additional kilogram on the torso, especially in the chest area, could amplif
TechnologyJan. 12, 2012
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NPS to invest $300 million in Chinese stocks
HONG KONG (Yonhap News) ― Korea’s state-run pension fund is seeking to invest as much as $300 million in Chinese stock markets as it looks to diversify assets worth nearly $300 billion, officials said.The National Pension Service said earlier this week that it received the status of “qualified foreign institutional investor” from the China Securities Regulatory Commission.The pension fund service expects to receive a quota ranging from $100 million to $300 million, equivalent to 0.1 percent or l
Jan. 12, 2012
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Ssangyong Motor unveils new LUV Korando Sports
Ssangyong Motor Co., South Korea’s smallest automaker, on Thursday unveiled the latest version of its diesel-powered leisure utility vehicle in a bid to meet growing consumer demand for outdoor leisure activities.The Korando Sports is equipped with a 2.0-liter e-XDi200 diesel engine, which produces a maximum 155 horsepower. The company said the engine has a high fuel efficiency of 15.6 kilometers per liter and six-speed automatic transmission, the carmaker said.“Ssangyong invested 90 billion won
MobilityJan. 12, 2012
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Money supply grows at same pace in Nov.
The growth of Korea‘s money supply remained at the same pace in November of last year as the previous month although it picked up from a year earlier, the central bank said Thursday. Korea’s M2, a narrow measure of the money supply, totaled 1753.3 trillion won ($1.5 trillion) in November 2011, up 4.4 percent from a year earlier, according to the Bank of Korea.The growth speed of November M2 remained unchanged from a 4.4 percent on-year expansion tallied in October, which marked the sharpest grow
Jan. 12, 2012
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Eurozone woes to impact Korea: HSBC
Uncertainties stemming from the eurozone debt crisis are likely to impact the Korean economy, Asia‘s fourth-largest, by sapping overseas demand for local products, HSBC Bank Plc said Thursday.“The uncertainties may have dampening impacts on (Korea’s) export mechanism ... If consumers are cautious, they will buy less goods,” Steven Major, Global Head of HSBC‘s Fixed Income Research, told reporters in a media session.Major said Germany may be an exception that could help offset weakening demand in
Jan. 12, 2012
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Korean fund market dips below 300 trillion won in 2011
Korea’s fund market suffered a setback last year, with its aggregate amount of money parked for stock and bond investment shrinking amid heightened global growth risks and wobbly financial markets, data showed Thursday. According to the data from the Korea Financial Investment Association, the total amount under management of local funds stood at 298.5 trillion won ($257.4 billion) as of the end of December, down 6.3 percent from 318.8 trillion won a year earlier. The latest figure marked the fi
Jan. 12, 2012
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Samsung plans to widen gap with rivals in TV sales this year
Firm targets 15% TV growth, 49.45 million flat-panel TV setLAS VEGAS ― Samsung Electronics expects to widen the gap in television sales with its rivals this year while targeting 15 percent growth from last year, said the head of its digital media and communications.Yoon Boo-keun, who oversees the television and digital appliance divisions at the world’s top technology firm, told reporters the company expects to sell 49.45 million flat-panel TVs, up from 43 million in 2011.“This year’s strategy f
IndustryJan. 12, 2012
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LG aims for two-digit growth in home appliances this year
LAS VEGAS ― An executive at LG Electronics said the company plans to record two-digit growth in home appliances this year and gain product leadership in smart appliances.“We reached a two-digit growth rate last year and we expect to do so again this year,” said Shin Moon-bum, executive vice president of the firm’s home appliances division. “The most important strategy that should be pursued by LG is gaining product leadership. With the design, product planning and the necessary research and deve
IndustryJan. 12, 2012
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HanmiGlobal acquires environmental consulting firm
HanmiGlobal Co., a Korean construction management firm, has agreed to take over local environmental consulting provider Ecosian Co. to shore up its charge into the fledgling industry, officials said Thursday.Under a deal signed Tuesday, HanmiGlobal and its chairman Kim Jong-hoon each will buy a 30 percent share in unlisted Ecosian for 2 billion won ($1.73 million). Ecosian chief executive Eun Jong-hwan will retain the remainder.Launched in 2001, Seoul-based Ecosian has consulted for a slew of pu
IndustryJan. 12, 2012
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Hyundai Motor chief pledges support for Yeosu Expo
Chairman Chung says the event will be the best-ever marine expoHyundai Motor Group chairman Chung Mong-koo on Thursday pledged continued support for the 2012 Yeosu Expo during his visit to the southern coastal town four months ahead of the fair’s opening. Hyundai Motor, one of the biggest sponsors of the expo, will provide cars for the three-month-long expo that kicks off on May 12 and open an exhibition hall spanning some 1,398 square meters.The automaker has been promoting the expo through tel
IndustryJan. 12, 2012
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Citigroup CEO to visit Korea early next month
Pandit may meet with regulatory officials to discuss investmentCitigroup Inc. chief executive Vikram Pandit plans to visit Seoul early next month as part of the global investment bank’s expansion policy in Asia, a source said Thursday. “On the occasion of the U.S.-based financial group’s 200th anniversary of its foundation, CEO Pandit will pay a visit to Korea and several other Asian countries in early February,” the source said.While his coming trip is seemingly focused on the group’s expanding
Jan. 12, 2012
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Samsung, LG fined for fixing prices of home appliances
The state-run antitrust watchdog said Thursday that it has fined local electronics rivals Samsung and LG for fixing the prices of key home appliances. Samsung was fined 25.81 billion won ($22.28 million) and LG 18.83 billion won, according to the Fair Trade Commission. As part of the regulator’s leniency program for first and second declarers, one of the companies will be exempt from the fines, while the other will get 50 percent cuts. The FTC said its investigation started after a voluntary rep
IndustryJan. 12, 2012
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Shares rise 1.03% on eased eurozone fears
South Korean stocks closed 1.03 percent higher on Thursday as investors snapped up shares on eased eurozone debt woes and signs of moderate U.S. economic growth, analysts said. The local currency inched up against the U.S. dollar.The benchmark KOSPI gained 19.02 points to 1,864.57. Trading volume was heavy at 470.8 million shares worth 5.31 trillion won ($4.57 billion) with gainers outstripping decliners 477 to 338.“Despite lingering uncertainty, investors got a little relief from U.S. markets,”
Jan. 12, 2012
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Foreign direct investment inflows up 4.6% in 2011
Foreign investment in Korea grew a healthy 4.6 percent last year as an inflow of capital from rich countries sharply rose despite persistent uncertainties in the global economy.Foreign direct investment was $13.67 billion last year, up from $13.07 billion in 2010, the Ministry of Knowledge Economy said Thursday. The spike mainly resulted from robust investments by the European Union, the U.S. and Japan, which shot up 33.6 percent year-on-year to nearly $9.7 billion in 2011.EU nations together in
Jan. 12, 2012
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Hyundai Motor tops U.S. brand loyalty survey
Hyundai Motor Co. topped customer loyalty in the U.S. car market with the highest repurchase rate in 2011, a survey by the country’s biggest consumer research company J. D. Power said Thursday.Hyundai Motor released a statement detailing the survey from J. D. Power and said it surpassed the customer loyalty of BMW, Mercedes Benz, Lexus and other brands with a repurchase rate of 64 percent. Ford and Honda tied with 60 percent each, followed by Kia and BMW with 59 percent each.The survey was condu
IndustryJan. 12, 2012
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Samsung, LG fined for fixing prices
South Korea's antitrust watchdog on Thursday fined two major electronics makers including Samsung Electronics Co. a combined 44.64 billion won ($38.5 million) for fixing prices of their major home appliance products. (Yonhap News)Samsung Electronics and LG Electronics Inc. were fined 25.81 billion w
IndustryJan. 12, 2012
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FDA halts orange juice imports for test
The U.S. has temporarily halted shipments of imported orange juice from all countries while they’re being tested, and said it will destroy or ban products containing even low levels from a banned fungicide. If levels of the chemical, carbendazim, are found to be below trace amounts, the products may
IndustryJan. 12, 2012
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Alcohol releases addictive endorphin: study
Drinking alcohol helps to release endorphins in areas of the brain that produce feelings of pleasure and reward, a study found.According to the study led by researchers at the University of California, San Francisco, endorphin release in the nucleus accumbens and orbitofrontal cortex in response to
TechnologyJan. 12, 2012