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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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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'Queen of Tears' riding high on Netflix chart
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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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Panel advises against prostate cancer screening
WASHINGTON (AP) ― No major medical group recommends routine PSA blood tests to check men for prostate cancer, and now a government panel is saying they do more harm than good and healthy men should no longer receive the tests as part of routine cancer screening.The panel’s guidelines had long advise
TechnologyOct. 13, 2011
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Shares up on eurozone optimism
South Korean stocks closed 0.75 percent higher on Thursday as foreigners snapped up shares on growing hopes the eurozone will succeed in tackling its debt debacle, analysts said. The local currency gained against the U.S. dollar.The benchmark KOSPI climbed 13.6 points to 1,823.1. Trading volume was
Oct. 13, 2011
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Lone Star not to appeal guilty verdict
Hana-Lone Star deal totally up to FSCThe Financial Services Commission will announce the procedures for its coming action under which Lone Star Funds will be deprived of its status as the biggest shareholder of Korea Exchange Bank.The regulator’s stance comes several hours after U.S.-based Lone Star
Oct. 13, 2011
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CJ files suit to allow generic Viagra
Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
IndustryOct. 13, 2011
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Business community welcomes U.S. decision, urges approval in Korea
Korea-based companies and business organizations welcomed the U.S. legislatures’ decision to approve the Korea-U.S. Free Trade Agreement on Thursday.Companies and associations of industries with high dependence on exports were among the most vocal in welcoming the deal. The Korea Automobile Manufact
Oct. 13, 2011
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EU trade chief sees better eurozone next month
The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
IndustryOct. 13, 2011
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Samsung to proceed with legal options on Galaxy Tab ban
Australian court hands another patent victory to Apple Inc.Samsung Electronics said Thursday that it will proceed with immediate legal options after an Australian court slapped a temporary ban on its Galaxy Tab 10.1, handing another victory to its rival Apple in their global patent war.“We express o
IndustryOct. 13, 2011
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Opposition still hurdle for ratifying U.S. FTA
Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
Oct. 13, 2011
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isMedia CEO puts success down to trust with employees
Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca
IndustryOct. 13, 2011
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GM to produce all-electric Chevy Spark in 2013
U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e
IndustryOct. 13, 2011
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Global LTE phone market to quadruple in 2012
The global market for long-term evolution mobile phones is expected to surge four-fold to around 32 million units in 2012, fueled by strong consumer demand, an industry report said Thursday.The report by Strategy Analytics, a global research and consulting firm, predicted market size will expand an
Oct. 13, 2011
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SaKong says leadership needed in world economy
The world needs firm political leadership and robust governance to resolve the ongoing economic calamity and maintain sustainable growth, said SaKong Il, chairman of the Korea International Trade Association.Accompanying President Lee Myung-bak for his five-day state visit to the U.S., SaKong gave a
IndustryOct. 13, 2011
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BOK holds rate, citing growth worries, inflation
Analysts see no rate hike through Q1 next yearThe Bank of Korea kept the key interest rate steady at 3.25 percent for the fourth straight month on Thursday, as worries over the weakening global economy outweighed concerns about the country’s high inflation.“The global economy is forecast to stage a
Oct. 13, 2011
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Plan to limit small payments scrapped
Data shows small card payments account for 30.6% of total transactionsThe Korean government is expected to keep the current credit card payment system, a turnaround from its previous stance announced on Monday, backing down to protests from small retailers and consumers. The Financial Services Commi
Oct. 13, 2011
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Deadly Black Death bug hasn't changed, but we have
WASHINGTON (AP) -- Scientists have cracked the genetic code of the Black Death, one of history's worst plagues, and found that its modern day bacterial descendants haven't changed much over 600 years.Luckily, we have.The evolution of society and medicine _ and our own bodies _ has far outpaced
TechnologyOct. 13, 2011
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Samsung to counter Aussie court’s tablet PC ruling
SEOUL, Oct. 13 (Yonhap) -- South Korean tech behemoth Samsung Electronics Co. said Thursday it will take immediate legal action against an Australian court ruling that temporarily banned sales of its latest tablet computer. "Every legal action and other measures will be taken to ensure that Samsung'
IndustryOct. 13, 2011
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Big businesses plan to invest more this year
SEOUL, Oct. 13 (Yonhap) -- South Korea's 600 largest conglomerates plan to increase investments by 13.7 percent in 2011 but actual spending may be cut due to the global economic slowdown, a poll showed Thursday.The survey conducted by the Federation of Korean Industries (FKI) showed local businesses
IndustryOct. 13, 2011
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BOK freezes key rate at 3.25 percent for 4th month
SEOUL, Oct. 13 (Yonhap) -- South Korea's central bank held steady the key interest rate on Thursday for the fourth straight month as the global economic outlook remains dimmer and inflation growth eased.Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day
Oct. 13, 2011
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KORUS FTA big boon to S. Korean auto parts makers
SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected
IndustryOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in
IndustryOct. 13, 2011