Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Samsung ordered to compensate local designer for copyrights infringement
Samsung Electronics Co., Korea's electronics giant, has been ordered to compensate a local designer for illegally using the designer's flower pattern creation on its refrigerator models, court records showed Saturday. The Seoul Western District Court recently delivered the order for the
IndustryOct. 29, 2011
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Samsung ordered to compensate local designer for copyright infringement
Samsung Electronics Co., Korea's electronics giant, has been ordered to compensate a local designer for illegally using the designer's flower pattern creation on its refrigerator models, court records showed Saturday.The Seoul Western District Court recently delivered the order for the electronics m
BusinessOct. 29, 2011
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Samsung posts forecast-beating quarterly earnings
But quarterly net income reaches 3.44 trillion won, 23 percent down on-yearSamsung Electronics on Friday posted 41.27 trillion won ($37.35 billion) in sales and 4.25 trillion won in operating profit for the third quarter of this year, a better-than-expected performance on the strength of record-breaking sales of mobile handsets.The world’s top memory chip supplier and second-biggest handset maker also recorded 3.44 trillion won in quarterly net income, representing a 23 percent decrease year-on-
IndustryOct. 28, 2011
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Korea to cool lottery fever
The government said on Friday it is considering setting a limit on the total number of lottery tickets issued in a bid to cool red-hot lottery fever. The Korea Lottery Commission, an agency under the Ministry of Strategy and Finance, raised the lottery ticket issuance limit for this year to 2.8 trillion won ($2.5 billion) on Thursday, up from 2.5 trillion won, to meet the surging demand.The Finance Ministry is now trying to stem the lottery boom from heating up further after the launch of a pens
Oct. 28, 2011
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Samsung to introduce flexible displays for mobile handsets in 2012
Samsung Electronics said Friday that it expects to introduce flexible displays for mobile handsets during the first half of 2012.“We’re looking to roll out flexible displays sometime in 2012, hopefully the earlier part rather than the latter,” Robert Yi, vice president of investor relations at Samsung Electronics, said during its quarterly earnings conference call.“We will start with handsets and migrate to tablet PCs and other devices.”Kang Bong-ku, vice president of the firm’s television busin
IndustryOct. 28, 2011
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iPhone 4S gets radio approval
Apple’s latest smartphone iPhone 4S has gotten radio approval in Korea, the National Radio Research Agency said Friday. The radio approval, however, does not necessarily indicate imminent sales of iPhone 4S in Korea. The Apple handset will have to receive approval from the Korea Broadcasting Commission, with the launch date to be decided among local telecom providers. Considering that it took more than a month for the previous model iPhone 4 to be marketed here after radio approval, industry sou
IndustryOct. 28, 2011
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Non-regular workers numbered at 6 million
College graduates make up 30% of irregular workforceThe number of “irregular” workers with low pay and less job security in Korea reached nearly 6 million, data showed on Friday, underscoring that the country’s employment condition continues to deteriorate. Statistics Korea said the number of non-regular workers in Korea stood at 5.99 million as of end-August, accounting for a 34.2 percent share in the total workforce. The total number of salaried workers, including temporary employees, rose 2.7
Oct. 28, 2011
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Google chief to meet KT head in Seoul
Google chairman Eric Schmidt will visit Korea early next month for a series of talks with KT chairman Lee Suk-chae and other leaders of tech companies, industry sources said Friday. This will be the second time for the Google chief executive to visit Korea.Amid diverse smartphone-related issues expected to be discussed during the talks, industry sources predicted that mobile payment services would be the main topic. KT, which in February acquired the nation’s top credit card firm BC Card, this w
Oct. 28, 2011
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Financial market gains ground
CDS premium down, KOSPI up on improved sentimentKorea’s stock market ended higher on Friday, helped by a new European deal aimed at slashing Greece’s massive debt, amid declining credit default swap premiums pointing to stabilizing sentiment. The benchmark KOSPI closed up 0.39 percent at 1,929.48 on foreign and institutional buying. The tech-heavy KOSDAQ, however, dropped 1.3 percent to 490.59. The Korean won closed at 1,104.9 won against the U.S. dollar, strengthening from 1,115.2 won a day ear
Oct. 28, 2011
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Making money bigger priority than preserving it, SEI says
Increasing their wealth is a priority for more high-net-worth families than merely maintaining what they already have, according to a survey of individuals with an average household net worth of more than $20 million.About 74 percent of those surveyed said that growth of wealth was a priority over t
Oct. 28, 2011
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Aspirin slashes cancer rate for those with hereditary risk
Long-term, daily doses of aspirin led to a fall of some 60 percent in cases of colorectal cancer among people with an inherited risk of this disease, the journal The Lancet reported on Friday.The trial -- considered to be broad in sample and long in duration -- confirms evidence elsewhere that aspir
TechnologyOct. 28, 2011
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Nokia unveils Windows smartphones to catch rivals
HELSINKI (AP) -- Nokia Corp. on Wednesday launched its long-awaited first Windows cellphones, hoping to claw back market share it has lost in the tough, top-end smartphone race to chief rivals, Apple Inc.'s iPhone, Samsung and Google's Android software. Multicoloured Nokia Lumia 800 smartphones are
TechnologyOct. 28, 2011
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US ties newer birth control drugs to blood clots
WASHINGTON (AP) -- Safety concerns about the popular birth control pill Yaz increased Thursday as federal health scientists reported that the Bayer drug and other newer birth control treatments appear to increase the risk of dangerous blood clots more than older medications.A new study released by t
TechnologyOct. 28, 2011
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Seoul shares open higher on U.S. gains, eased eurozone woes
SEOUL, Oct. 28 (Yonhap) -- South Korean stocks got off to a strong start on Friday, tracking overnight rallies on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) soared 33.79 points, or 1.76 percent, to 1,955.83 in the first 15 minutes of trading.Financial shares,
Oct. 28, 2011
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Teeth study shows big dinosaurs trekked for food
LOS ANGELES (AP) — What did giant plant-munching dinosaurs do when they couldn't find enough to eat in the parched American West? They hit the road. An analysis of fossilized teeth adds further evidence that the long-necked dinosaurs called sauropods — the largest land creatures —
TechnologyOct. 28, 2011
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S. Korea's current account surplus jumps in Sept.
SEOUL, Oct. 27 (Yonhap) -- South Korea's current account surplus jumped more than 10-fold in September from the previous month on brisk exports, the central bank said Friday, showing that overseas shipments are weathering global economic uncertainty.The current account surplus reached US$3.1 billion
Oct. 28, 2011
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NATO to formally end Libya operations Oct 31
BERLIN (AP) _ NATO's secretary-general says the alliance will on Friday confirm a decision to end its operations in Libya by Oct. 31.Anders Fogh Rasmussen said Thursday after meetings in Berlin with German Chancellor Angela Merkel that the U.N.'s resolution adopted earlier in the day “reflects
Oct. 28, 2011
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Samsung Electronics Q3 net plunges 23 percent
Samsung Electronics Co., the world's top memory chip supplier and second-biggest handset maker, said Friday that its third-quarter earnings declined 23 percent from one year ago, hurt by a slow recovery in consumer electronics markets worldwide. Net profit reached 3.44 trillion won (US$3.09 billion)
IndustryOct. 28, 2011
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Korea’s economy shows no sign of pickup in growth
GDP rises 3.4 percent in Q3 from year earlier, slowest in 21 monthsSouth Korea’s economy failed to show a meaningful sign of improving in the third quarter, hurt by lackluster consumer spending and weaker capital investment, Bank of Korea data showed on Thursday. According to the advance estimate of the BOK, the country’s gross domestic product grew 3.4 percent in the July-September period from a year earlier, marking the slowest pace in 21 months. The on-quarter GDP growth slumped to 0.7 perce
Oct. 27, 2011
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Merck files pigment patent suit against two Korean companies
Merck Patent GmbH, the intellectual property arm of the chemicals and pharmaceutical group, said Thursday it has filed a lawsuit in Korea against CQV Co. and Sungmin Chemicals, claiming the two local firms infringed upon its patents for pigment technology.The Darmstadt, Germany-based company had attempted to resolve the patent issue with CQV after claiming that the Korean firm’s pearl luster pigments used to create unique gold color effects for cosmetics copied its products. Sungmin distributes
IndustryOct. 27, 2011