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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Car exports reach record high in 2011
The auto industry’s exports posted a record high last year, up 13.7 percent from the year before as shipments to Europe and emerging markets proved surprisingly buoyant, government data showed Tuesday.The industry shipped a total of 3,151,930 vehicles last year, surpassing three million for the first time and posting a considerable jump from 2,772,107 in 2011, the Ministry of Knowledge Economy said.“Demand from the U.S. and Europe continued to recover and growth in emerging markets was solid in
IndustryJan. 10, 2012
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Avante wins top award in Detroit
Hyundai edges out Ford, Volkswagen for North American Car of the YearHyundai Motor’s Avante, dubbed the Elantra in overseas markets, has been named the 2012 North American Car of the Year.The winner was confirmed at the North American International Auto Show in Detroit after the compact sedan polled the highest number among a group of 50 motoring journalists from the U.S. and Canada. The Avante has been in a tight race with its fellow finalists ― the Volkswagen Passat and the Ford Motor Focus. T
Jan. 10, 2012
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Google to support global success of Korean IT startups
Google Inc. will help the global success of Korean IT developers as the California-based search giant agreed on Tuesday to participate in the Korean government’s program supporting Internet startup businesses here. Google and the Korea Communications Commission signed a memorandum of understanding on Tuesday to cooperate for the state telecom regulator's startup support program called “Global K-Startup Program.”The agreement came after President Lee Myung-bak and Google chairman Eric Schmidt me
IndustryJan. 10, 2012
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Shares rise 1.46% on institutional buying
South Korean stocks rebounded 1.46 percent Tuesday as institutions scooped up shares following the U.S. markets’ rally, analysts said. The local currency rose against the U.S. dollar.Snapping a four-session losing streak, the benchmark KOSPI gained 26.73 points to 1,853.22. Trading volume was moderate at 383.2 shares worth 4.86 trillion won ($4.18 billion), with gainers outpacing losers 591 to 238. “After undergoing losses for the last four days, investors increased their bets, boosted by a Wall
Jan. 10, 2012
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Government to keep watch on falling satellite
As a Russian Mars probe that stalled in orbit may fall to the Earth sometime next week, the government announced Tuesday that it would broadcast its location real time on the websites of related agencies and via Twitter until its crash.The 13.2-ton probe named Phobos-Grunt, launched last November, w
TechnologyJan. 10, 2012
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Hyundai hit by stoppage after worker suicide bid
Unionised workers at South Korea's largest carmaker Hyundai Motor stopped work at engine plants in one factory Tuesday after a union member set himself ablaze due to alleged bullying by bosses. (Yonhap News)The union said workers at the five engine plants in the southeastern city of Ulsan stopped pr
MobilityJan. 10, 2012
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TVs you can talk to, without sounding crazy
Talking to the TV is usually a sign of extreme agitation, mental instability or loneliness. TV manufacturers are set to make it a more rational behavior this year, with a range of sets that respond to speech. (Yonhap News)LG Electronics on Monday said it will sell a remote with its high-end fla
IndustryJan. 10, 2012
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Hawking: Mankind must colonize space
(AP)British physicist Stephen Hawking says mankind faces the threat of nuclear annihilation and should build colonies on Mars and beyond.Hawking made the remarks on a radio program to mark his 70th birthday, responding to questions submitted by listeners, The Daily Telegraph reported Friday."It is p
TechnologyJan. 10, 2012
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Nicotine could ward off memory loss: study
Older adults who are starting to have problems with memory may benefit from small amounts of nicotine therapy, according to a US study published on Monday.The research in Neurology, the medical journal of the American Academy of Neurology, included 74 non-smokers with an average age of 76. Half were
TechnologyJan. 10, 2012
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Apple CEO Tim Cook could top pay list in 2011
LOS ANGELES (AP) _ Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died. An Associated Press review of a securities filing shows Cook's pay pac
TechnologyJan. 10, 2012
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Global warming delays natural patterns of glaciation, researchers say
Unprecedented levels of greenhouse gases in the Earth's atmosphere are disrupting normal patterns of glaciation, scientists said.The Earth's current warm period that began about 11,000 years ago should give way to another ice age within about 1,500 years, according to the study published online Jan.
TechnologyJan. 10, 2012
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MSCI opens Korea office; no hint of imminent status upgrade
Head of index compiler MSCI Inc. said Monday that the Korean stock market’s failure to achieve developed status stems from its “inefficiencies." “There are two important areas that need further development,” said Henry Fernandez, chairman and CEO of MSCI, at a news conference held in Seoul to mark the official launch of the company’s Seoul office. Fernandez said the first issue was the structural problems that hamper the market access for international investors who want to rebalance their equi
Jan. 9, 2012
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Samsung sweeps Russian mobile handset market
Samsung Electronics Co., the world’s second-largest handset maker, swept the Russian mobile phone market, ranking first in four categories in November last year, a research firm said Monday.Samsung Electronics took first place in the Russian mobile phone market in terms of units sold and their value in November, while its smartphones were named best products for both sales volume and revenue, according to global market researcher GfK Group.It was the first time that the Samsung Electronics toppe
IndustryJan. 9, 2012
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Korea seeks to boost textile exports by 6.4% in 2012
South Korea’s textile industry seeks to increase its exports to a 12-year high this year amid hopes of growing shipments to the United States following the soon expected implementation of a free trade agreement , a local industry group said Monday.The Korea Federation of Textile Industries said the country’s total exports this year will likely reach $17 billion, up 6.4 percent from $16 billion last year.“Economic conditions are still not very good due to the financial crisis in Europe, but the f
IndustryJan. 9, 2012
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New Park Hyatt general manager checks in
The Park Hyatt Seoul has appointed Frederic Boulin as general manager of the hotel. “As the hotel’s new general manager, I will forge ahead with our partners and our talented, devoted team to bring out the unique luxury positioning of the Park Hyatt Seoul,” he said.Boulin has extensive experience in Asia, most notably as executive assistant manager of food and beverages at the Grand Hyatt Seoul in 2002, and with the Grand Hyatt Hong Kong and Shanghai working in the Food and Beverage Development
IndustryJan. 9, 2012
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Healthy eating may help ADHD kids: U.S. study
WASHINGTON (AFP) ― Simply eating healthier may improve the behavior of children with attention deficit hyperactivity disorder if therapy and medication fail, said a study published Monday in the journal Pediatrics.Researchers, however, said that their review of recent controlled scientific studies had shown conflicting evidence on the impact of supplements and restricted diets ― in some cases they were no better than the placebo effect.Nutritional interventions should therefore be considered an
TechnologyJan. 9, 2012
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Consortium to develop Panama copper mine
A South Korean consortium led by state-run Korea Resources Corp. said it will begin development of a Panama copper mine in the first half of this year.The announcement comes after Panama’s environmental protection agency approved development plans for the Cobre Panama mines, in Colon Province 120 kilometers west of Panama City, KORES said in a press release last week.It said the approved environment and social impact assessment comprehensively authorizes the building of roads, ports and a coal-f
IndustryJan. 9, 2012
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Hyundai plastic plant to resume operations
An engineering plastic plant that exploded and caused the death of three workers in August will go back on-line after undergoing repairs, Hyundai EP Co. said.The company said it has been repairing the destroyed polystyrene production facility in Ulsan, 414 kilometers southeast of Seoul, with the plant to be ready for operations by February.The facility is needed to make engineering plastic products.It said both in-house and outside safety reviews have been sought as part of its effort to restart
IndustryJan. 9, 2012
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Hanjin Shipping aims to return to black
Hanjin Shipping Co., South Korea’s top container line, said that it will strive to swing back to the black in 2012 after suffering huge losses last year.The shipper is estimated to have logged a loss of over 800 billion won in 2011, hit by higher fuel costs and falling freight rates.During the fourth quarter of last year alone, Hanjin Shipping is projected to have suffered a loss of some 250 billion won.The shipper’s accumulated net loss and operating loss in the first three quarters of last yea
Jan. 9, 2012
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Korea to offer better biz environment for foreigners
South Korea will beef up efforts to provide a better business environment for foreign enterprises by “actively” reflecting their opinions in its policymaking process, the nation’s finance minister said Monday.“We will actively reflect the opinions of the EU Chamber of Commerce, and make redoubled efforts to improve areas such as investor protection and property rights registration,” Bahk Jae-wan told a meeting with European business people.Bahk promised to push ahead with measures to lower land
Jan. 9, 2012