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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Review: Kindle Fire sacrifices to get under $200
NEW YORK (AP) — The Kindle was always an odd product name. Amazon used a verb to name a thing, raising the question: Kindle what? Now we have the answer: Kindle Fire.The Kindle Fire is the first full-color, touch-screen Kindle. It's available in the U.S. starting Tuesday for $199.A price like
TechnologyNov. 14, 2011
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S. Korea's trade terms hit near 3-year low in Q3
South Korea's terms of trade worsened to the lowest level in nearly three years in the third quarter as on-year gains in oil prices jacked up import costs, the central bank said Monday.The country's net terms-of-trade index for goods came in at 78.7 in the July-September period, down 9.9 percent fro
Nov. 14, 2011
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Professionally cleaned teeth may be weapon against heart disease
Yearly teeth-cleaning at the dentist’s office may cut the risk of heart attack by as much as 24 percent compared with those who avoid the treatment, Taiwanese researchers found. Those who had their teeth scraped and polished by a dentist or dental hygienist also had a 13 percent lower risk of s
TechnologyNov. 14, 2011
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Orbital solar power plants touted for energy needs
TechnologyNov. 14, 2011
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Galaxy S2 picked as top smartphone by Consumer Reports
Samsung Electronics Co.'s Galaxy S2 smartphone was named as the best smartphone by a well-known U.S. magazine in its latest handset survey, industry sources said Monday.Consumer Reports recommended the Galaxy sequel as the best smartphone pick for subscribers of three major mobile carriers in the Un
IndustryNov. 14, 2011
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G-Star expands global profile
BUSAN ― This year’s G-Star saw a boost in international recognition, shown through new online and mobile games as well as increased partnerships with overseas firms as it ended Sunday.People waited in hour-long lines to experience online games scheduled for future release ― such as NCsoft’s “Guild Wars 2” and “Lineage Eternal,” Neowiz’s “DIZZEL,” NEXON’s “Epic of the Three Kingdoms” and NHN Hangame’s “Winning Eleven Online.” It was the first time they were unveiled to the global industry.G-Star
IndustryNov. 13, 2011
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Korean Wave impacts overseas product sales: poll
The popularity of Korean pop culture is exerting a positive influence on overseas sales of locally made products, a poll conducted by an international traders association showed Sunday.The Korea International Trade Association said a survey conducted on 1,173 people from Japan, China, Taiwan and Vietnam, revealed that 80 percent of the respondents said that the Korean wave has affected their buying of South Korean goods.The Korean wave, also known as “Hallyu,” refers to the popularity of South K
Nov. 13, 2011
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Imports from EU far exceed exports after FTA
South Korean imports from the European Union grew at a far faster pace than its exports to the economic bloc over the three months since their bilateral free trade deal took effect in July, data showed Sunday.In the July-September period, South Korean imports from the EU came to $12.35 billion, registering an average monthly increase rate of 26.5 percent, according to the data by the Ministry of Knowledge Economy and the Korea International Trade Association.In contrast, South Korean shipments t
Nov. 13, 2011
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Talent search needs ‘fundamental’ shift
ManpowerGroup CEO stresses diversity in corporate talent sourcesKorean companies will need to reinvent their strategies to hire graduates from different talent sources, according to Jeff Joerres, chief executive of ManpowerGroup, the largest U.S.-based staffing company.Criticizing the university culture of developing the same skill sets and studying the same language materials here, the ManpowerGroup chief of 12 years emphasized the importance of prioritizing diversity for Korean companies reach
IndustryNov. 13, 2011
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Samsung to remain top smartphone vendor in Q4
Samsung Electronics will continue to edge out Apple Inc. to stay on top of the ever-fierce smartphone market in the fourth quarter, a U.S. market research firm said.Though Apple’s iPhone 4S is triggering a new consumer frenzy worldwide, Samsung would benefit from its larger display panels, richer product lineup and capability for the faster LTE (Long-Term Evolution) network, according to Strategy Analytics.“Apple will rebound tremendously but it won’t be enough to catch up with Samsung,” Thomas
IndustryNov. 13, 2011
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Hynix to add momentum to SK Group
Uncertainties remain with regards to benefits of acquisitionThe acquisition of Hynix Semiconductor, the world’s No. 2 memory chip maker, will consolidate SK Group’s position as Korea’s third-largest conglomerate and add momentum to its growth.In growing to be the country’s third-largest conglomerate, SK Group has developed petrochemicals and telecommunications businesses as the pillars that support the group.In the 1970s, about 20 years after SK Group’s foundations were laid, the conglomerate br
IndustryNov. 13, 2011
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Local banks’ earnings could fall more than 10% next year
South Korean banks’ earnings are likely to fall 11 percent next year from this year as the cooling economic growth and slowing loan expansion will undercut their bottom lines, data showed Sunday.The combined net income of four major banking groups and two lenders are likely to reach 11.5 trillion won ($10.2 billion) for next year, down from 12.9 trillion won projected for this year, according to an estimate made by financial information provider FnGuide.Korean banks are expected to post stellar
Nov. 13, 2011
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Banks’ long-term foreign borrowing soars in Oct.
South Korean banks’ mid- and long-term foreign borrowing sharply increased in October as lenders rushed to secure foreign currency in a bid to brace against global financial woes, the financial watchdog said Sunday.A total of 12 local banks refinanced 299.3 percent of their maturing mid- and long-term foreign debt through fresh borrowing last month, up from 186.6 percent in September, according to the Financial Supervisory Service.The rollover rate gauges the percentage of fresh overseas borrowi
Nov. 13, 2011
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Regulator set to curb individuals’ derivatives trading
South Korea’s financial watchdog said Sunday it is mulling a set of measures to limit retail investors’ trading of derivatives in a bid to keep them from suffering heavy losses.Currency margin trading is viewed as one of the riskiest derivatives for retail investors as losses from their excessive bets on currency volatility have increased, prompting the financial watchdog to study steps to curb it.Margin trading allows investors to place heavy bets on currency volatilities with a relatively smal
Nov. 13, 2011
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Shares expected to climb as Italy moves to stabilize fiscal woes
South Korean stocks are forecast to gain ground next week as Italy moves to stabilize its fiscal woes, analysts here said Saturday.Stock market analysts said the move by Italian lawmakers to reform its pension plan and dispose of state assets will send the right message to investors and help reduce the European country’s debt that stands at 120 percent of its gross domestic product.The effort follows similar action taken by Greece, Portugal and Spain to ward off disasters that could destabilize
Nov. 13, 2011
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More than 100 senior Korean Air workers let go
Korean Air said Sunday it had dismissed more than 100 senior employees in its volunteer retirement scheme aimed at cutting costs and streamlining operations.The country’s largest carrier brought the program back in five years as it combats eroding profitability in the face of soaring fuel prices and currency issues.The program targets workers who are 40 years old or older and have served for at least 15 years, the company said, but excludes flight attendants and those at overseas units.Although
IndustryNov. 13, 2011
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Card sales competition resurges despite warning
Samsung, Hyundai, Shinhan in campaign to attract more customersCredit card companies are fighting another marketing war despite financial regulators’ warnings against signing up too many customers.The industry’s big three ― Shinhan Card, Hyundai Card and Samsung Card ― have taken the initiative in the issuance competition. Other companies, such as KB Kookmin, Lotte and Hana-SK, are set to follow the move. In particular, Samsung Card, the third-largest issuer, has been aggressive in developing ne
Nov. 13, 2011
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Nongshim launches new instant rice noodles
Nongshim, the nation’s leading food maker, has produced a diverse range of instant rice noodle products since 2010 when the company’s Noksan factory was completed in Busan. Rice noodles, unlike flour-based noodles, make consumers feel full despite being low in calories. They are also a digestible, light food that can be enjoyed by all age groups. The noodles, produced in the new factory line, are unprecedented, the company said. By applying Korea’s traditional food to instant noodles, Nongshim h
IndustryNov. 13, 2011
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Hyundai Motor unveils all-new Genesis Coupe
Hyundai Motor Co., South Korea’s largest automaker, on Sunday unveiled its all-new premium Genesis sports coupe that features more power, a dynamic exterior and passenger comfort.The vehicle, which shares the same external dimensions with the older model launched in October 2008, has a large radiator grill, aggressive head lamps and rear light combinations with liberal use of light emitting diode lights.The car, shown for the first time at the Korea International Circuit in Yeongam, South Jeolla
MobilityNov. 13, 2011
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Hyundai, Kia set milestone in U.S. exports
Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their cumulative sales in the U.S. surpass 10 million units as of October.In the North American market, Hyundai Motor sold about 7.13 million units over the past 25 years and Kia Motors’ sales came to about 3.68 million units over 17 years.Hyundai, which was established in 1967 and experienced first exported of the Pony sedan in 1976 to Ecuador, finally entered the U.S. market in 1986.The company has actively expanded its presence there wi
MobilityNov. 13, 2011