Most Popular
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SK hynix pledges W20tr to ramp up DRAM production at home
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SNU profs to suspend treatment for one day
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Hybe's multilabel system tested amid conflict with Ador
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Creative thinkers more likely to cheat
TechnologyNov. 29, 2011
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First CJD death reported in Korea
(Yonhap News)The Korea Centers for Diseases Control and Prevention on Tuesday confirmed the first death from Creutzfeldt-Jakob disease here.Authorities stressed that the strain of the disease was different from variant CJD, which is known to spread to people who eat beef infected with bovine
TechnologyNov. 29, 2011
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Kindle sales quadrupled on Black Friday: Amazon
Online retailing giant Amazon said Monday that sales of its Kindle e-readers and tablets quadrupled on Black Friday over the previous year's annual pre-Christmas national shopping orgy.The company gave no specific data on Kindle sales last Friday, but said its new tablet computer, the Kindle F
TechnologyNov. 29, 2011
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Groupon Korea fined for posting deceptive reviews
South Korea's antitrust watchdog said Monday that it has fined Groupon Inc.'s Korean office for posting fake reviews and for fabricating the number of products sold.An employee at Groupon Korea wrote 147 reviews of products on the Groupon Web site pretending to be a customer who purchased and used t
IndustryNov. 28, 2011
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Samsung rolls out Galaxy Note
Samsung Electronics rolled out the new smart device Galaxy Note, which has characteristics of both smartphones and tablet PCs, in Seoul on Monday.The local electronics giant also unveiled two other gadgets in its Galaxy series ― the Galaxy Nexus smartphone and the Galaxy Tab 8.9 LTE.The gadgets were previously introduced at global events like the IFA electronics trade show in Berlin, but the 5.3-inch Galaxy Note and the Galaxy Tab 8.9 released here could run on the fourth-generation communicatio
IndustryNov. 28, 2011
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Korea braces for electricity shortage
Lee leads drive to avert possible blackouts in winterPresident Lee Myung-bak on Monday stressed the need for public participation in the government’s drive to save electricity as the nation braces for power shortages this winter.He urged Koreans to lower thermostat settings, switch off unneeded lights and install energy-efficient appliances in their homes and offices. “Although the government has drawn up measures to cope with the looming electricity crunch, I’d like to make an urgent request fo
Nov. 28, 2011
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OECD cuts S. Korea's economic growth forecast for 2012
South Korea's economy is expected to grow at a slower pace next year than previously anticipated largely due to a slowdown in global trade and weak domestic demand, the Organization for Economic Cooperation and Development said Monday.In its latest outlook for Korea, the Paris-based organization pre
Nov. 28, 2011
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‘Kakao Talk most popular app in Korea’
Mobile messenger Kakao Talk is the most frequently used Android app in South Korea, Nielsen said on Monday. The survey by Nielsen, an insights and analytics provider, showed that 92.8 percent of Android-based smartphone users here used Kakao Talk, developed by a Korean firm, at least once in the Aug-Sept. period.Coming behind were Google Android Market (88.6 percent), Google Map (53.3 percent) and Naver (52.6 percent). U.S. users data revealed a different pattern as Android Market topped the lis
TechnologyNov. 28, 2011
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Amore Pacific to build new facilities in Shanghai
Amore Pacific on Monday held a groundbreaking ceremony for its new production and research facilities in Shanghai, which the company said will boost its efforts to expand Chinese business. The cosmetics company says it plans to renovate its existing production center, which opened in 2002, and build new facilities on the 92,788 square-meter site in Jiading District, northwestern Shanghai. When construction is completed in March 2013, the facilities will be the largest in China established by a K
IndustryNov. 28, 2011
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Hyundai, Kia tapped as top automotive brands in U.S.
Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two largest carmakers, have been tapped as top automotive brands in the U.S. market, industry sources said Monday.Hyundai and Kia both received “A-plus” marks from TrueCar.com in the latest Grades for Manufacturers and Brands review, they said, adding only Jeep received the same high marks in the monthly evaluation by the U.S. automotive solutions and information provider.Japanese carmakers such as Honda and Subaru received the
MobilityNov. 28, 2011
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Nexon slammed over security measures
Nexon on Monday announced a plan to strengthen security measures against hacking, but faced a public backlash after a massive leak of personal information of millions of users. On Thursday, the company found that its massively multiplayer online role playing game “Maple Story” had had its backup server hacked and the information of 13.2 million of the 18 million registered users had been stolen.This is the third-largest case of its kind in the three months since the biggest-ever hacking case in
IndustryNov. 28, 2011
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‘Korea to seek sustainable growth’
Finance Minister Bahk says greater uncertainty calls for long-term policy measuresKorea’s finance minister said on Monday the government will focus on revitalizing the economy and pushing for sustainable growth next year. Finance Minister Bahk Jae-wan said in a meeting with the heads of think tanks that the global sovereign debt crisis is generating high volatility and low growth, which will continue for a considerable period of time. Bahk’s remarks come as the Korean economy is confronting a sl
Nov. 28, 2011
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Cable TV operators stop relaying terrestrial TV programs
Local cable TV system operators on Monday stopped relaying high-definition programs from terrestrial TVs to households nationwide after negotiations over the cost of digital broadcasting retransmissions broke down.They replaced the HD programs with lower-level standard-definition programs, causing i
Nov. 28, 2011
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LS Cable launches R&D center in China
LS Cable & System Ltd., Korea’s leading maker of electrical wiring, said Monday it has established a laboratory for its research and development programs in China.Located in Wuhan in central China, the facility will develop ultra-high-voltage cables and products for special applications including mining and wind turbines, the company said. “We’re planning to set up an institute with secured top-notch, comprehensive R&D capabilities in the global power distribution and communications industry by
IndustryNov. 28, 2011
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Shares soar 2.19 percent on Italy hopes
South Korean stocks closed 2.19 percent higher on Monday as investor sentiment was underpinned by prospects that the International Monetary Fund may consider a bailout for Italy, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index jumped 38.88 points to 1,815.28. Trading volume was moderate at 272.2 million shares worth 4.2 trillion won ($3.63 billion) with gainers outpacing losers 555 to 267.“Speculation about the IMF’s help for Italy l
Nov. 28, 2011
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Brokerage firms under regulatory probe
The Financial Supervisory Service has launched a probe into the local brokerage industry to weed out irregularities and prevent financial accidents.The regulator is targeting 62 securities firms and eight futures trading firms, chiefly their internal controlling.The companies have been ordered to submit reports on their operations for internal monitoring by Dec. 10.The irregular practices also include unauthorized insider trading with major shareholders and unfair sales of retirement pension fun
Nov. 28, 2011
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Eximbank focuses on green growth projects
Chairman Kim to discuss measures for low carbon-based growth at high-level aid forum in BusanKorean policymakers are paying close attention to green growth at home and abroad as one of the nation’s future development engines.The 4th High Level Forum on Aid Effectiveness, slated for Nov. 29-Dec. 1 at the BEXCO in Busan, is expected to be an opportunity for the nation to take the initiative in emphasizing the need for global cooperation on green growth.Kim Yong-hwan, chairman and president of Expo
Nov. 28, 2011
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U.S. law firms plan to follow trade deal with Korea offices
Cleary, Gottlieb, Steen & Hamilton LLP, Samsung Life Insurance Co.’s adviser on South Korea’s biggest initial public offering, plans an office in Seoul now that a free trade deal is allowing foreign law firms in. Yong Guk Lee, who will move from Hong Kong to open the new office in the first half of 2012 said it will help the New York- based firm serve Korean clients who are investing and facing more litigation overseas. South Korean lawmakers last week ratified the free trade agreement first neg
IndustryNov. 28, 2011
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Korea on path for ecosystemic development
Lee promotes ‘kinder capitalism’ that seeks shared growth between large and small companiesLarge conglomerates such as Samsung, LG and Hyundai have been the key driving forces and big brothers of the Korean economy for decades, shepherding in thousands of smaller suppliers.But with the conglomerates’ dominance having risen to an extent that many suppliers are bullied to cough up the lowest possible prices and put up with irregular trading practices, calls for greater social responsibility among
IndustryNov. 28, 2011
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Korea, Abu Dhabi join hands on patient referrals, cooperation
The Ministry of Health and Welfare and the Health Authority-Abu Dhabi signed a pact Friday to let the United Arab Emirates refer its patients to four medical institutions in Korea. The four hospitals are Samsung Seoul Hospital, Seoul National University Hospital, Asan Medical Center and Seoul St. Mary’s Hospital. This is the first agreement between Korea and another country regarding official referral and transfer of foreign patients. The deal paves the way for patients recommended and directed
TechnologyNov. 27, 2011