Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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Contentious grain bill put directly to plenary meeting for vote
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Today’s K-pop] BTS pop-up event to come to Seoul
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Oh to head KOTRA
Oh Young-ho, executive vice chairman of the Korea International Trade Association, was named the president of the Korea Trade-Investment Promotion Agency.Starting Monday, Oh will succeed Hong Suk-woo who took office as the minister of knowledge economy two weeks ago.Having entered public service in 1980, Oh has served as the chief of the organizing committee of the Seoul G20 Business Summit and first vice minister of commerce, industry and energy, before the Ministry of Knowledge Economy receive
IndustryDec. 2, 2011
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Electricity rates raised by 4.5%
Electricity rates will be raised by 4.5 percent on average starting Monday, with prices of high-voltage power for industrial use going up by 6.6 percent, to induce a reduction in power consumption, the Ministry of Knowledge Economy said Friday.High-voltage, industrial power consumers account for 51.5 percent of the nation’s electricity consumption, followed by households (14.6 percent).Electricity rates for housing and farming will remain unchanged, while the rates for four other categories ― in
IndustryDec. 2, 2011
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Asiana wins another honor as ‘Airline of the Year’
Asiana Airlines was named “Airline of the Year” by a U.S. travel magazine, becoming the first air carrier to win the top award from three different institutions for three years in a row.The Global Traveler named Asiana the “2011 Airline of the Year” and the top airliner in six other categories. Asiana had been named “Airline of the Year” by the industry publication Air Transport World in 2009 and consultancy Skytrax last year. The Global Traveler awarded winners in 68 travel-related categories,
IndustryDec. 2, 2011
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Hana set to seal KEB takeover deal with Lone Star
Hana Financial Group said in a regulatory filing to the Korea Exchange on Friday that it has reached an agreement with Lone Star Funds on an 11 percent cut in takeover price for Korea Exchange Bank. The official announcement, issued right after Hana held a meeting of board members Friday afternoon, marks the beginning of the last phase of the long-protracted acquisition deal that spawned a series of heated public disputes, legal wrangling and rampant speculation about pricing.Under the new deal,
Dec. 2, 2011
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LG Display CEO replaced
LG Chem CEO Kim retained; LG Display’s Kwon moves to Chem’s new battery unitLG Display named Han Sang-beom, head of the company’s television business division, as its new CEO, replacing Kwon Young-soo, in a reshuffle on Friday.Kwon will move to head the new battery project unit at LG Chem, which will focus on work related to secondary batteries, such as small batteries, electric car batteries and those used for energy storage, according to LG officials.Kim Bahn-suk, chief executive and vice chai
IndustryDec. 2, 2011
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Porsche has “overwhelming” orders for $119,000 revamped 911
Porsche AG said it has received ‘overwhelming’ orders in Germany for the revamped 911 sports car two days before the 88,000-euro ($119,000) model goes on sale in Europe.Porsche will have a “particularly strong rush” for the seventh-generation 911 at showrooms in Europe’s biggest economy, the Stuttga
MobilityDec. 2, 2011
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Gov't announces 4.5 percent electricity price hike
SEOUL, Dec. 2 (Yonhap) -- The country's electricity price will be raised by an average 4.5 percent from next week, though rates for households and the agricultural industry will remain intact, the government said Friday.Starting on Monday, prices of electricity used by industrial and educational sec
Dec. 2, 2011
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Apple juice can pose a health risk _ from calories
It's true _ apple juice can pose a risk to your health. But not necessarily from the trace amounts of arsenic that people are arguing about.Despite the government's consideration of new limits on arsenic, nutrition experts say apple juice's real danger is to waistlines and children's teeth. Apple ju
TechnologyDec. 2, 2011
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US report: Arctic much worse since 2006
WASHINGTON (AP) _ U.S. officials say the Arctic region has changed dramatically for the worse in the past five years.It is melting at a near record pace, and it is darkening and absorbing too much of the sun's heat.A new report card from the National Oceanic and Atmospheric Administration rates the
TechnologyDec. 2, 2011
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Apple wins extension on Samsung tablet ban
Apple Inc. won a one-week extension to a ban on Samsung Electronics Co. releasing its latest tablet computer in Australia. High Court Justice Dyson Heydon extended a ban on sales of Samsung's Galaxy Tab 10.1 to Dec. 9, when the court will consider Apple’s request for permission to appeal a lower cou
TechnologyDec. 2, 2011
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Hana, Lone Star agree to cut KEB price: report
Hana Financial Group has reached an agreement with Lone Star Funds on lowering the takeover price for Korea Exchange Bank, Dow Jones Newswires reported Thursday.An anonymous source was quoted by the U.S.-based news provider as saying that “Hana Financial agreed to a deal with Lone Star Funds to buy a 51.02 percent stake in Korea Exchange Bank for 3.916 trillion won ($3.48 billion), 11 percent lower than the original sales price of 4.41 trillion won.”A Hana spokesman declined to confirm the repor
Dec. 1, 2011
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Threat of HIV infection lingers
7,656 Koreans reported HIV positive as of 2010It has been a long time since health experts first declared that AIDS is not transmittable through everyday human interaction or an automatic death sentence.But public perception is still behind scientific and medical knowledge. People infected with HIV are refused entry into the country at immigration while many hide their health status out of fear of being discriminated against by society. According to the Korea Centers for Disease Control and Prev
TechnologyDec. 1, 2011
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Korea, ASEAN creating regional forest agency
Korea Forest Service maps out plans to establish AFoCO after landmark agreement with ASEANSouth Korea took an important step in nurturing global green growth by agreeing last month with ASEAN member states to form the Asian Forest Cooperation Organization, the Korea Forest Service said on Thursday.The agreement, signed at the ASEAN Summit in Bali, is expected to pave the way for international cooperative networks in the field of forest preservation. ASEAN leaders welcomed the agreement at the 14
Dec. 1, 2011
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Global Fund for world health halts new programs
GENEVA (AP) ― The world’s biggest financier in the fight against three killer diseases says it has run out of money to pay for new grant programs for the next two years ― a situation likely to hit poor AIDS patients around the world.An official with the Global Fund to Fight AIDS, Tuberculosis and Malaria said Thursday that its has been forced to cease giving new grants until 2014 because of global economic woes brought on by debt crises in the U.S. and Europe.An independent panel recommended in
TechnologyDec. 1, 2011
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Ewha learns about Arabic world
Ewha Womans University Medical Center on Nov. 24 invited leaders of the Korea-Arab Society to the center to get a better understanding of Middle Eastern society. “Middle East states are distant from Korean people. Some groundless images of terrorism and oppression have been linked with the region, causing public misunderstanding,” said Choi Seung-ho, head of the organization. “It is about time we have opened our door to the area,” he said. Ewha hospital has started placing emphasis on the Arabic
TechnologyDec. 1, 2011
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TnTn Hospital opens joint, spine center
TnTn Hospital specializing in spine and joint treatments has opened a TnTn Joint Training Center at its Eunpyeong, Guro and Jangan branches in Seoul. The centers will provide comprehensive information and exercise regimes to strengthen the spine and joint areas not only for the patients but for anyone interested. The center has invited Ohm Tae-hyun, former team doctor of Olympic gold medalist swimmer Park Tae-hwan, as a lecturer to provide information about his field experiences in exercise. The
TechnologyDec. 1, 2011
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Konkuk Univ. Hospital accredited by WHO
Konkuk University Medical Center said Monday that it has been accredited as a World Health Organization Health Promoting Hospital and Health Service.It conducted a ceremony on the day to hang the accreditation plaque.According to the international organization, the accreditation recognizes four areas: good quality treatment and care in a positive health care setting; extending the treatment of current diseases towards disease prevention and promotion of positive health; strengthening patient ori
TechnologyDec. 1, 2011
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Just 1 in 4 with HIV have infection under control
ATLANTA (AP) ― Only about 1 in 4 Americans with the AIDS virus have the infection under control with medications, federal health officials said Tuesday.Part of the reason is that about 20 percent of those infected with HIV don’t know it. People can have an infection for years without developing symptoms.An infection was once a death sentence, but medications that have been available for 15 years can turn it into a manageable condition, allowing those infected to live longer and healthier lives.H
TechnologyDec. 1, 2011
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Inflammation of the middle ear
Otitis media refers to all types of inflammation of the middle ear caused by an infection. It is the second most frequently diagnosed disease among outpatients of otorhinolaryngology and pediatrics, following upper respiratory tract inflammation. About one-third of infants aged 3 and under suffer from acute otitis media at least three times, and two-thirds at least once. Some infants are found to develop sequelle from this condition. Cases of fatal complications have been dramatically reduced du
TechnologyDec. 1, 2011
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Giving thanks helps psychological outlook
WASHINGTON (AP) ― Count your blessings this Thanksgiving. It’s good for you.While it seems pretty obvious that gratitude is a positive emotion, psychologists for decades rarely delved into the science of giving thanks. But in the last several years they have, learning in many experiments that it is one of humanity’s most powerful emotions. It makes you happier and can change your attitude about life, like an emotional reset button.Especially in hard times, like these.Beyond proving that being gr
TechnologyDec. 1, 2011