Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Medical feud leaves hospitals in financial crisis
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Speaker floats dual citizenship as solution to falling births
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Firms develop ‘socially responsible’ products
Maeil, CJ, Amore Pacific make special products for minorities as part of CSRChung Hye-jin discovered her baby daughter had phenylketonuria, or PKU, 12 years ago. The rare disease affects only one in 60,000 babies here. In order to avoid damage to the brain, people with PKU should adhere to a strict
IndustryOct. 16, 2011
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Korea to send mobile alerts in case of power shortage
South Korea’s state-run power company said Sunday that it will send mobile text messages to the public in the event of low electricity reserves in a bid to swiftly alert people to potential power outages.The move comes one month after the country was caught off guard by one of the worst power cuts i
IndustryOct. 16, 2011
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Banks’ overseas earnings double in H1
South Korean lenders saw their combined net profit from overseas operations grow more than two-fold in the first half from a year earlier on the back of increased interest income, the financial regulator said Sunday.Net income by 131 overseas units and branches managed by 11 local banks reached $429
Oct. 16, 2011
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Global efforts on eurozone crisis to help stock market
South Korean shares are expected to gain some ground this week as the international community moves to resolve the eurozone crisis, analysts said Saturday.The forecast comes as the benchmark KOSPI closed at 1,835.40 on Friday, up 75.63 points, or 4.3 percent, from a week earlier. The index had risen
Oct. 16, 2011
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Credit card firms to cut fees under pressure
Credit card firms plan to lower transactions fees by 0.2 percent in a reluctant response to merchants decrying the “unfair” fees.The plan to cut transaction fees is part of a broader reform to woo merchants after complaints led the financial regulator to consider allowing businesses to reject credit
Oct. 16, 2011
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G20 to strengthen financial safety net
Seoul split on need for currency swapThe Paris meeting of the world’s leading economies this weekend was a step forward in improving the financial safety net protecting the market from destabilizing capital movements, Finance Minister Bahk Jae-wan said. The G20 finance chiefs agreed to allow the Int
Oct. 16, 2011
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Hyundai adds cheapest car to India lineup to challenge Suzuki
Hyundai Motor Co., poised to earn the most profit among Asian carmakers this year, will step up its campaign to weaken Suzuki Motor Corp.’s loosening grip on India’s automobile market with a new hatchback.The Seoul-based company on Thursday introduced the Eon, its cheapest model in India so far, wit
MobilityOct. 16, 2011
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Garuda targets Korean travelers
Indonesian airline adds new flights, hires Korean flight attendantsJAKARTA ― Garuda Indonesia, after years of concentration on safety improvements, is preparing to aggressively target Korean passengers, adding new flights and hiring Korean flight attendants. “Korea is a prospective market for us. Bu
IndustryOct. 16, 2011
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Regional twists keep GM designs global: Welburn
DETROIT ― General Motors Corp. may be renowned for its mass scale of production across 140 countries, but little is known of its ability to differentiate designs across regions. GM designs are found in all regions, but there are unique twists in Korea, China, Thailand and India to suit local driving
MobilityOct. 16, 2011
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U.S. runs $1.3 trillion budget deficit in 2011
WASHINGTON (AP) ― The government ran a $1.3 trillion deficit for the budget year that ended last month, the third straight year it has operated more than $1 trillion in the red.The 2011 budget deficit was the second highest on record. It’s slightly ahead of the previous budget year’s $1.29 trillion
Oct. 16, 2011
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G20 considers boosting IMF role in eurozone
World’s leading economies ask IMF to draw up ways to help stem eurozone crisis as Italy, Spain strugglePARIS (AP) ― The finance chiefs of the world’s leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone’s escalating debt troubl
Oct. 16, 2011
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Samsung-Apple war enters new phase
Samsung is likely to have turnaround opportunity in long term: sourcesWhile the debate surrounding the global patent war staged by Samsung Electronics and Apple Inc. is garnering wide attention, industry watchers say Samsung has a good chance of creating a turnaround even after its three defeats aga
IndustryOct. 16, 2011
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Seoul to rein in financial firms’ pay packages
Korea’s financial regulators said they were considering measures to address the controversy over generous salaries and dividends in the banking, securities and other financial sectors. “Modifying the regulatory system is now being reviewed concerning some of the high compensation executives in the f
Oct. 16, 2011
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Korea to toughen rules on dog registration in 2013
Dog owners residing in South Korea will be required by law to register their pets, officials said Sunday, as the government is set to expand its mandatory pet registration rule nationwide starting in 2013. The push to widen the obligatory registration of companion dogs comes as the number of abandon
Oct. 16, 2011
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Samsung heir to attend Jobs memorial service at Stanford
Lee Jae-yong, chief operating officer of Samsung Electronics Co., is planning to attend a memorial service for Steve Jobs, the late co-founder of Apple Inc., in the U.S. this weekend, industrial sources said Sunday.Lee, the only son of Samsung Electronics Chairman Lee Kun-hee, has been invited by Ap
TechnologyOct. 16, 2011
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iPhone’s Siri voice command to reach Korean users next year
Apple Inc. is expected to offer a Korean-language version of its Siri voice command feature starting in 2012, the U.S.-based technology giant said Saturday.The company said on its website that it will begin offering Siri services in Korean, Japanese, Chinese, Italian and Spanish starting next year,
TechnologyOct. 16, 2011
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1in 6 mobile phones contaminated with fecal bacteria
One in six mobile phones in Britain is contaminated with faecal matter, ScienceDaily reported Saturday. According to new research released ahead of Global Handwashing Day, the most likely reason for the potentially harmful bacteria festering on so many gadgets is people failing to wash their hands p
TechnologyOct. 16, 2011
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New iPhone launch turns into remembrance for Jobs
NEW YORK (AP) — It wasn't just the latest iPhone that drew people to Apple stores Friday.Many consumers waited in lines for hours — sometimes enduring chilly temperatures and overnight thunderstorms — to remember Steve Jobs, Apple's visionary who died last week.The company's first
TechnologyOct. 15, 2011
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G-20 finance ministers seek joint effort to handle financial crisis
PARIS, Oct. 15 (Yonhap) -- Finance ministers from the world's leading industrialized and emerging economies plan to outline ways to tackle the current global financial crisis that is vital for economic growth, government sources said Saturday.Official sources said the communique to be released at th
Oct. 15, 2011
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With Netherlands ruling, Samsung's patent offensive against Apple hits snag
SEOUL, Oct. 15 (Yonhap) -- Samsung Electronics Co.'s patent offensive against its rival Apple Inc. hit a snag after a Dutch court on Friday (Korea time) rejected the Korean firm's injunction to ban sales of the U.S. company's iPhones and iPads.The ruling by the district court in the Hague may pose p
IndustryOct. 15, 2011