Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Woman: Psychologist implanted horrific memories
ST. LOUIS (AP) -- The memories that came flooding back were so horrific that Lisa Nasseff says she tried to kill herself: she had been raped several times, had multiple personalities and took part in satanic rituals involving unthinkable acts. She says she only got better when she realized they were
TechnologyDec. 4, 2011
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Geoengineering could save Earth, or destroy it
DURBAN, South Africa (AP) -- Brighten clouds with sea water? Spray aerosols high in the stratosphere? Paint roofs white and plant light-colored crops? How about positioning ``sun shades'' over the Earth?At a time of deep concern over global warming, a group of scientists, philosophers and legal scho
TechnologyDec. 4, 2011
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US court rejects Apple request on Samsung sales
Samsung Electronics Co. welcomed Saturday a U.S. court decision that turned down Apple Inc.'s request for a preliminary injunction against its mobile devices, a major victory for the Korean firm in a series of high-stakes global legal battles against the iPhone maker.The ruling, delivered by a U.S.
TechnologyDec. 4, 2011
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Stealthy cellphone software stirs outcry
SAN FRANCISCO (AP) -- Technology bloggers are asking if our cellphones are spying on us after a security researcher said a piece of software hidden on millions of phones was recording virtually everything people do with them.Amid a broad outcry, Sen. Al Franken is calling for an investigation. A cla
TechnologyDec. 3, 2011
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Seoul shares likely to gain ground next week
South Korean stocks are expected to move upward in the coming week, as an upcoming central bank meeting and a summit in Europe drive investor expectations for more actions to tackle the eurozone crisis, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) jumped 7.86 percent,
Dec. 3, 2011
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Shares end flat after surge
South Korean stocks finished nearly unchanged on Friday as investors sat on the sidelines after the key index’s rally in the previous session, analysts said. The localcurrency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index edged down 0.01 percent, or 0.14 points, to 1,916.04. Trading volume was moderate at 382 million shares worth 5.73 trillion won ($5.08 billion) with gainers leading losers 434 to 389. “There was no market trigger,” said Kwak Joong-bo, an analyst a
Dec. 2, 2011
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BOK purchases more gold in November
South Korea’s central bank said Friday it had raised its holdings of gold in four months in November in an effort to diversify its portfolio of foreign exchange reserves worth more than $300 billion. South Korea purchased 15 tonnes of gold, raising the country’s gold holding to 54.4 tonnes at a value of $2.17 billion at the end of November, according to the Bank of Korea.The move marked the BOK’s second purchase of the precious metal so far this year. It bought 25 tonnes of gold bullion in June
Dec. 2, 2011
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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