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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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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KT launches new mobile plans for foreign residents
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Sony shows wearable 3-D personal theater
TOKYO (AP) _ Sony is launching a head mounted display that provides a three dimensional theater of music videos, movies and games. Head Mounted Display “Personal 3D Viewer” (HMZ-T1) (www.Sony.net)Sony Corp. showed the 60,000 yen ($800) ``HMZ personal 3-D viewer‘’ Wednesday. The machine is set to go
TechnologyAug. 31, 2011
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Mandarin Chinese most useful business language after English
Mandarin, China’s official tongue, is also the top language worldwide for business other than English, according to Bloomberg Rankings.Mandarin, spoken by 845 million people, scored highest in a ranking of languages, excluding English, based on business usefulness. The ranking scored languages accor
Aug. 31, 2011
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Samsung Electronics to spend over W10tr on R&D this year
Samsung Electronics Co., the world’s largest memory chipmaker, may spend over 10 trillion won ($9.3 billion) on research and development this year as part of efforts to enhance its global competitiveness, sources said Tuesday.In the first half, the company’s R&D expenditures totaled 4.98 trillion wo
Aug. 30, 2011
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Companies’ H1 profits slip on global slowdown
The first half net profit of some of the country’s largest companies dropped more than 7 percent from a year ago, while one in 10 companies posted net losses, damped by global economic slowdown, data showed Tuesday.According to the Korea Exchange and the Korea Listed Companies Association, the combi
Aug. 30, 2011
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Samsung to aid retired cancer-diagnosed workers
Samsung Electronics announced Tuesday it will support the treatment costs of workers at semiconductor and liquid crystal display manufacturing lines if diagnosed with cancer within three years of retirement.The company said it will pay the patient’s treatment costs for 10 years and provide 100 milli
IndustryAug. 30, 2011
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Hyundai Group drops libel suit against Hyundai Motor Group
Hyundai Group said Tuesday that it has decided to withdraw its lawsuit against Hyundai Motor Group in a sign of a thaw in their relations, long sour since an acquisition battle for Hyundai Engineering & Construction Co.In November, Hyundai Group filed a libel suit against Hyundai Motor for publishin
IndustryAug. 30, 2011
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Medium-sized builders face crisis
Troubled Prime Group companies headed for workout programThe fates of Prime Development Co. and affiliate Sam An Corp. will be decided Friday with their creditors set to decide on whether to allow them to begin debt workouts, sources said Tuesday.According to industry sources, Nonghyup and other cre
IndustryAug. 30, 2011
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Smaller firms to get W19.4tr in financial support
The government will provide 19.4 trillion won ($18.06 billion) in loans and other financial support for small and medium enterprises as part of its efforts to stabilize the livelihoods of ordinary people ahead of the Chuseok holiday, the finance ministry said Tuesday.Under the plan, which was approv
Aug. 30, 2011
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Korean builders to spend $500,000 in Libyan aid
Korea’s 16 construction firms on Tuesday unveiled a plan to provide $500,000 worth of humanitarian aid to Libya’s new leaders, joining the government’s efforts to step up economic and diplomatic ties.The Ministry of Land, Transport and Maritime Affairs named Hyundai Engineering & Construction and Da
IndustryAug. 30, 2011
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Hana Financial sees growth with soundness
In the years since the 2008 global financial crisis, Hana Financial Group has been successful in attaining qualitative growth and asset soundness at home and abroad over the past few years.A variety of indices show that the nation’s fourth-largest financial group has made headway in its move to crea
Aug. 30, 2011
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Firms’ loan growth hits near-2-year high in Q2
South Korean financial firms’ corporate loans grew at the fastest pace in nearly two years in the second quarter as the economic recovery continued, the central bank said Tuesday.Corporate lending extended by banks and non-bank institutions stood at 746.5 trillion won ($695.1 billion) as of the end
IndustryAug. 30, 2011
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Questions arise over loan controls
Skepticism emerges on real role of financial authoritiesTop financial regulators’ move to curb the growth of household lending in the banking sector doesn’t appear to have gained widespread support, even among ordinary regulatory officials.Financial Services Commission chairman Kim Seok-dong has rep
Aug. 30, 2011
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IFA 2011 to feature new wireless gadgets, 3-D TVs
Samsung plans to unveil new Bada phones; LG readies smart 3-D TVs with new contentLocal firms are preparing to showcase a wide range of wireless gadgets as well as 3-D TVs for the global trade show IFA which is scheduled to be held from Sept. 2-7 in Berlin.LG Electronics, which is expected to concen
TechnologyAug. 30, 2011
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Two ramyeon brands face mixed fates
Two prominent figures in Korea’s instant noodle industry gambled with new products this year, with totally different consequences revealed on Tuesday. Nongshim, the nation’s largest instant noodle maker, announced Tuesday it has decided to stop producing Shin Ramyun Black, whose sales started four m
IndustryAug. 30, 2011
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Medieval plague may be extinct
WASHINGTON (AP) -- The version of plague that caused the Black Death in 14th century Europe may now be extinct, researchers report, but other deadly forms remain in circulation today.The plague that ravaged Europe wiped out nearly a third to two-thirds of the population according to various estimate
TechnologyAug. 30, 2011
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Amazon tablet seen as worthy iPad rival
With Amazon reportedly poised to launch a tablet computer, technology research firm Forrester is predicting the device could be the first legitimate challenger to Apple's iPad.Forrester Research analyst Sarah Rotman Epps, in a blog post accompanying a report released Monday, said Amazon taking on Ap
IndustryAug. 30, 2011
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U.N. warns of bird flu resurgence, new Asian strain
ROME (AP) _ The United Nations warned Monday of a possible resurgence of the deadly bird flu virus, saying wild bird migrations had brought it back to previously virus-free countries and that a mutant strain was spreading in Asia. (MCT)A mutant strain of H5N1, which can apparently sidestep defenses
TechnologyAug. 30, 2011
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LS Cable develops electric car charger
LS Cable and System has become the first Korean firm to develop a portable electric vehicle charger, the company announced Monday.According to the company, the charger supplies 3.3 kilowatts of electricity to the vehicle using the standard outlet installed in homes. The device can fully recharge bat
IndustryAug. 29, 2011
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Hyundai Motor to offer suppliers advance payments
Three major units of Hyundai Motor Group have decided to pay their subcontractors in advance ahead of the Chuseok holidays.There are about 2,800 Hyundai subcontractors, with the advance payments for their coming auto parts supply to total 1.15 trillion won ($1.06 billion), group officials said Monda
Aug. 29, 2011
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SKT wins coveted wireless spectrum
Fierce bidding for the 1.8 GHz bandwidth ends at 995 billion wonSK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The K
IndustryAug. 29, 2011