Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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Pandemic left Korea more depressed than before: 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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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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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Sperm donors father ‘families’ in U.S., Canada
Concerns raised about lax rules on use of donated sperm in North AmericaMONTREAL (AFP) ― In a scenario straight from science fiction, experts are increasingly concerned about lax rules for sperm donors in the U.S. and Canada where some men have anonymously fathered dozens of children.Unlike in some
TechnologyOct. 10, 2011
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Korea rice output to fall to 31-year low
South Korea’s rice production is expected to fall to the lowest level in 31 years due to bad weather and a steady decrease in the size of rice paddies, a government report showed Monday.The report by Statistics Korea said the country’s rice production could reach 4.21 million tons this year, down 1.
Oct. 10, 2011
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River project at core of Korea’s green growth vision
New reservoirs to ratchet up water security, renewable energy useThe government’s five-year river refurbishment project epitomizes Korea’s commitment to “green growth,” a development model aimed at balancing environmental conservation and economic prosperity. President Lee Myung-bak has stressed cle
Oct. 10, 2011
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FTA boosts European car sales in Korea
European carmakers have far surpassed Korean companies in vehicle sales growth since the implementation of the Korea-EU Free Trade Agreement on July 1.Hyundai Motor and its affiliate Kia Motors saw their yearly sales growth inch up 2.7 percent at home, according to the Korea Automobile Research Inst
MobilityOct. 9, 2011
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Merck Korea opens new R&D laboratory on OLED
Merck Ltd. Korea said on Sunday that its new Application Development Laboratory has gone into operation at the Advanced Technology Center in Poseung, Pyeongtaek in southwestern Gyeonggi Province. The multinational company started the operation after holding an opening ceremony for the laboratory, bu
Oct. 9, 2011
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Samsung, LG family names used illegally for overseas fraud
Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married
IndustryOct. 9, 2011
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KRX holds investor session in Hong Kong for Korean firms
HONG KONG ― The KOSDAQ Global Investors Conference took place at Shangri-La Hotel on Friday, offering a venue for an investment relations session for 12 South Korean companies traded on the tech-heavy KOSDAQ. The first-ever IR conference for the leading firms listed on the secondary stock market was
Oct. 9, 2011
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KDB in talks with HSBC to take over Seoul branch: report
KDB Financial Group has been in talks with HSBC to take over the foreign bank’s Seoul branch, according to a news report on Sunday.The KDB refused to reveal details. “It is true that we are moving to acquire a bank. But it is uncertain at the current stage as to whether it (M&A target) will be HSBC,
Oct. 9, 2011
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BMW strives to enlarge Mini market with new cabriolet
Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his
MobilityOct. 9, 2011
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Hyundai SUV picked as testbed for European fuel cell undertaking
Hyundai Motor Co.’s Tucson ix has been selected as the sole fuel cell testbed vehicle for Europe, Hyundai Motor Group said last week.The automotive group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection by the European Union parliament showcases the competitiveness
MobilityOct. 9, 2011
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
IndustryOct. 9, 2011
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Korean stock market expected to outperform Asian peers
South Korea‘s stock market is expected to outperform other Asian markets thanks to its strong manufacturing sector amid growing uncertainties over the global economy, an expert said Friday.South Korea’s equity market has been volatile in recent sessions amid lingering woes over the debt crisis in Eu
Oct. 9, 2011
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Banks face fines for irregular lending cases
Customers pressed to buy financial products in return for loansThe Financial Supervisory Service is set to levy penalties on several banks for habitual irregular loan issuances which burdened borrowers.The banks to face sanctions will likely include Industrial Bank of Korea, according to recent rema
Oct. 9, 2011
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A plastic box that meets global demands
Lock&Lock aims to become global No. 1 in airtight containers by 2013This is the fourth installment of a series that spotlights Korean products enjoyed by people abroad. ― Ed. In June 2002 many foreigners, including college students, visited the country to watch the World Cup soccer
IndustryOct. 9, 2011
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BMW strives to enlarge Mini market with coupe
Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his
MobilityOct. 9, 2011
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Hyundai SUV picked as testbed for European fuel cell undertaking
Hyundai Motor Co.’s Tucson ix has been selected as the sole fuel cell testbed vehicle for Europe, Hyundai Motor Group said last week.The automotive group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection by the European Union parliament showcases the competitiveness
MobilityOct. 9, 2011
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Zions Bank sued in Utah over ‘unconscionable’ fees
SALT LAKE CITY (AP) -- A customer who says Zions Bank makes it difficult -- if not impossible -- to avoid overdraft fees has filed a lawsuit in federal court, making the Utah bank one of dozens whose extra charges have triggered lawsuits from angry consumers.The lawsuit, which seeks class-action sta
Oct. 9, 2011
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Fitch downgrades Italian, Spanish debt ratings
ROME (AP) — The Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth.Separately, Fitch also said it was keeping Portugal‘s debt rating on watch for a poss
Oct. 9, 2011
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Economy adds 103,000 jobs, but it’s not enough
Hiring improves in September as nation adds 103,000 jobs, but it will take more to end crisis WASHINGTON (AP) -- The jobs crisis isn’t getting worse. But it isn’t getting much better, either.The economy added just enough jobs last month to ease fears of a new recession. But hiring is still too weak
Oct. 9, 2011
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GM streamlines Volt plant, delays 2nd shift
DETROIT (AP) -- General Motors Co. is delaying plans to add a second shift at the factory that makes Chevrolet Volt electric cars.The company said Friday it has found ways to make one shift more efficient, so it can produce the same number of cars as two shifts.Spokesman Chris Lee says GM still will
Oct. 9, 2011