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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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Woman gets suspended term for injuring boyfriend with knife
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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KOSPI posts biggest daily rally in 2 years
Local currency strengthens 0.79% to 1,070 against dollarSeoul shares took a dramatic upturn Tuesday, rising 4.83 percent to close at 1,879.87 as foreign investors buoyed by overnight gains in the U.S. turned into net buyers for the first time in 10 days. It is the biggest daily jump the benchmark KO
Aug. 16, 2011
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Korea logs trade surplus for 18th month
South Korea posted a trade surplus for the 18th straight month in July, fueled by strong exports of petroleum products, ships and automobiles, the customs office said Tuesday.The trade surplus came to $6.3 billion last month, up from $2.8 billion reported a month earlier, according to data by the Ko
Aug. 16, 2011
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Hyundai, Kia models named best low-cost cars to own in Australia
Cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. have been rated as the best low-cost ownership models in Australia, raising hopes for stronger sales down the road, industry sources said Tuesday.Hyundai’s i30 hatchback family car and Starex van and Kia’s Sportage R compact sport uti
IndustryAug. 16, 2011
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Scam fears for SNS dating
Some abuse dating websites as more singles flock online to find loveA 34-year-old company secretary recently kicked up a ruckus when she posted a question on a website where women chat about their love lives. The woman, who used an alias to tell of her predicament, said she had met a guy a few month
TechnologyAug. 16, 2011
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Lee tapped to head new port authority
Lee Sang-jo, president of the Korea Container Terminal Authority, has been selected as new chief of the Yeosu-Gwangyang Port Authority, the government said Sunday. Lee Sang-joThe Ministry of Finance and the Ministry of Land, Transport and Maritime Affairs reviewed three applicants for the post and p
IndustryAug. 16, 2011
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Farmers, producers agree on raw milk price hike
Dairy farmers and milk producers reached a long delayed agreement Tuesday on a hike in the price of raw milk, a move feared to make milk products more expensive and add to inflationary pressure. (Yonhap News)The agreement, effective immediately from Tuesday, calls for raising the average price of ra
IndustryAug. 16, 2011
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Youngsters growing tired of social media
Youngsters are growing tired of social networking services including Facebook, You Tube and Twitter, according to a survey. In research conducted by marketing company Gartner, the frequency of total visits to those websites is ever-decreasing, while one out of four users between 18 and 29 said the o
TechnologyAug. 16, 2011
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Coffee's anti-cancer link explained: study
WASHINGTON (AFP) - Coffee has been shown to reduce the risk of skin cancer by helping kill off damaged cells that could otherwise turn into tumors, according to a US study published on Monday.The findings indicate that moderate caffeine drinking, or perhaps even applying coffee to the skin, could be
TechnologyAug. 16, 2011
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Studies show 15 minutes of daily exercise can help
LOS ANGELES (AP) -- Don't despair if you can't fit in the recommended 30 minutes of daily exercise. Growing evidence suggests that even half that much can help.It's still no excuse to slack off. Regular exercise strengthens muscles, reduces the risk of some diseases and promotes mental well-be
TechnologyAug. 16, 2011
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Google's patent play: $12.5b for Motorola Mobility
SAN FRANCISCO (AP) -- It may be boldest move yet by a company known for being audacious: Google is spending $12.5 billion to buy Motorola Mobility. But the big prize isn't Motorola's lineup of cellphones, computer tablets and cable set-top boxes. A Motorola Mobility Xoom tablet is shown at Google he
IndustryAug. 16, 2011
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Europe accounts for half of foreign selling in Korea
Fitch, S&P to visit Seoul for yearly assessmentForeign investors pulled investments worth about 5 trillion won ($4.6 billion) out of Korea’s stock market over the past two weeks amid the fiscal woes in Europe and the United States.Funds from Europe accounted for more than 50 percent of the capital o
Aug. 15, 2011
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More SMEs warm to shared growth
The number of small and medium sized enterprises positively rating the government-led shared growth drive has almost doubled since the introduction of a comprehensive plan last year, the Ministry of Knowledge Economy said Monday.The government implemented a comprehensive plan for supporting shared g
IndustryAug. 15, 2011
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LGE ships record amount of smartphones
LG Electronics has shipped a record amount of smartphones in the second quarter of this year to step closer to its goal of rejoining the ranks of top-tier phone makers, sources said on Monday. The world’s third-largest handset maker showed a 590 percent increase in its shipment of smartphones in the
IndustryAug. 15, 2011
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Conglomerates’ market cap slips near 20%
The sharp decline triggers concerns of revisit of 2008 financial crisisThe nation’s top 10 conglomerates’ market capitalization declined significantly, by about 130.46 trillion won ($120.59 billion) in the aftermath of the latest stock market volatility.The amount, tallied as of Aug.12, was roughly
Aug. 15, 2011
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Korea, China may begin FTA talks to boost exports
South Korea and China may start talks on a free trade agreement to increase the export of goods and services between the two countries, South Korean Trade Minister Kim Jong-hoon said. “This can be a win-win,” Kim said Aug. 13 in Manado, Indonesia, where he attended a meeting of Association of Southe
Aug. 15, 2011
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Woori privatization hits further snag
The process of privatizing Woori Financial Group may once again be stalled with Vogo Fund hinting that it will not take part in the preliminary bids for the financial group.The Korea Deposit Insurance Corp. currently holds 56.97 percent of Woori Financial Group. The state-run firm plans to sell more
Aug. 15, 2011
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Debt crisis may rekindle ‘currency war’
Skepticism over G20 pledge to refrain from manipulation is growingThe latest fiscal woes in Europe and the U.S. are expected to invite wider skepticism on the efficacy of the Group of 20 meetings despite pledges from the G20 members for coordinating their efforts to weather global economic difficult
Aug. 15, 2011
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83-year-old woman gets breast implants
83-year-old woman gets breast implantsAn 83-year-old American woman had a breast implant surgery last month to improve her appearance, the New York Times reported.Marie Kolstad, from California, has four children, 13 grandchildren and 12 great-grandchildren.“Physically, I’m in a good health, and I j
TechnologyAug. 15, 2011
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Luxury brands sold more despite economic woes
The demand for luxury goods is heating up among deep-pocketed Korean shoppers despite lingering global economic uncertainties, as shown in the sales data from global luxury brands. Sales of Louis Vuitton, Chanel, Hermes, Prada and Gucci in Korea jumped 17 percent to 78.4 billion won ($72.5 million)
IndustryAug. 15, 2011
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Strange planet is blacker than coal
PARIS (AFP) -- A planet orbiting a distant star is darker than coal, reflecting less than one percent of the sunlight falling on it, according to a paper published on Thursday.The strange world, TrES-2b, is a gas giant the size of Jupiter, rather than a solid, rocky body like Earth or Mars, ast
TechnologyAug. 15, 2011