Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Korea enters full election mode
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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HTC unveils first 4G phone, tablet
HTC on Thursday unveiled its EVO 4G smartphone and Flyer 4G tablet, the first fourth-generation smart devices to hit the nation. Starting July 1, the Taiwan-based smartphone maker will be distributing the phones via KT Corp. Prices have yet to be set. Both the phone and the tablet will be capable of transmitting data at up to three times as fast as current smartphones, HTC said. HTC unveils its EV
IndustryJune 23, 2011
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Ministry plans heavier speeding fines
The Ministry of Land, Transport and Maritime Affairs unveiled a draft package of traffic safety measures at a public hearing in Seoul on Thursday, which consists of increased speeding fines, brighter crosswalks and tougher penalties for drunk driving. Though the number of deaths from road accidents in Korea has declined by nearly half over the last decade to about 5,500 in 2010, the figure per 10,
June 23, 2011
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Business leaders call for lower taxes
Local chambers of commerce join to press government to stick to tax policyRepresentatives of one of the nation’s top private economic organizations on Thursday called for the government and politicians to stay committed to tax reduction to help the corporate sector. “Tax reduction is necessary to enhance corporate competitiveness and attract foreign capital,” the heads of the country’s 71 regional
IndustryJune 23, 2011
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Global chip market forecast to grow 7.2%
The worldwide semiconductor market is forecast to expand 7.2 percent in 2011 from last year, driven by robust demand for smartphones and tablet PCs, a market researcher said Thursday.Revising up its earlier forecast, IHS iSuppli estimated that global semiconductor revenues will reach $325.9 billion this year, compared with $304.1 billion in 2010. It previously estimated 7 percent annual growth.The
IndustryJune 23, 2011
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Watchdog vows to curb household debt
Korea’s financial watchdog plans to curb excessive growth of household debt by tightening banks’ loan-to-deposit ratios and requiring non-bank institutions to raise loan-loss reserves, its head said Thursday.Korea is grappling with snowballing household debt as heavy indebtedness is feared to crimp economic growth by putting restraints consumer spending. The government plans to unveil a set of mea
June 23, 2011
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Eximbank should focus on overseas projects: minister
Korea Eximbank should focus on long-term projects of a global scale as the key export credit agency of the country, Finance Minister Bahk Jae-wan said Thursday. Speaking at a forum organized by the state-run bank, Bahk said, “The Bank should reduce short-term products such as trade financing, which can be mainly provided by the private sector, but increase mid- to long-term financing for large-sca
June 23, 2011
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Emergence of big investment bank not in sight
Failure of two brokerages’ merger dims prospectsThe nation is facing a stumbling block in establishing a large-scale investment bank although the chief financial regulator has unveiled a policy toward activation of IB businesses.The pessimistic view comes after KDB Financial Group failed to take over Woori Financial Group amid an uneasy sentiment between the two state-run financial companies.There
June 23, 2011
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Samsung launches Galaxy S2 in Japan
Samsung Electronics Co., the world’s No. 2 mobile-phone maker, said Thursday that it has released the Galaxy S2 smartphone in Japan through the country’s largest mobile carrier, hoping to build on the popularity of its earlier model. NTT DoCoMo Inc. has started sales of Samsung’s latest Android smartphone earlier in the day, Samsung said in a statement. The Korean company added that the latest Gal
IndustryJune 23, 2011
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LG-Ericsson aims for sales peak
LG-Ericsson said Thursday that it hoped the launch of its Long Term Evolution network would give it the top spot in the country’s telecommunications industry.Lee Jae-ryung, chief executive officer of LG-Ericsson, said that the company expects to surpass its peak sales figure of 1.1 trillion won recorded in 2008 with the nationwide introduction of fourth generation LTE networks.“It’s difficult for
IndustryJune 23, 2011
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Nexon, CJ E&M sign publishing agreement for Sudden Attack
Online game publishing companies Nexon and CJ Entertainment and Media agreed Tuesday to jointly publish the popular Sudden Attack from July 11.People will be able to access the free-to-play first person shooter game on both CJ E&M’s Netmarble and Nexon’s platforms until July 10, 2013, officials at Nexon said.The agreement was signed after debate was sparked on May 30 when CJ E&M began publicizing
IndustryJune 23, 2011
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Hyundai supports parts makers in Europe
In road show, Italy focuses on Korean auto parts makersHyundai Motor Group held a fair in Italy to give Korean auto parts manufacturers the opportunity to make inroads into the southern European market.The automotive group said Thursday that it held a “Fiat Tech Fair,” a road show for auto components, at Fiat Group Automobiles in Turin, Italy. Hyundai Mobis, a unit of Hyundai Motor Group, hosted t
MobilityJune 23, 2011
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Sony Ericsson eyes Android market with new phones
SINGAPORE (AP) ― Mobile phone maker Sony Ericsson unveiled two new Android models Wednesday in a bid to grab more of the burgeoning smartphone market.The company, a joint venture between L.M. Ericsson and Sony Corp., plans to launch the Xperia ray and Xperia active models during the third quarter, Chief Marketing Officer Steve Walker announced in Singapore. A staff member submerges the Xperia Acti
IndustryJune 23, 2011
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Bayer’s impotence drug gets KFDA approval
Bayer Healthcare’s erectile dysfunction treatment Levitra gained import approval from the Korea Food and Drug Administration Tuesday.Levitra is the first orodispersible tablet that melts inside the mouth and is designed to be easy to swallow without water. The product was first released in European countries in 2010 and Korea is the first country in Asia to distribute the pills.According to Bayer,
TechnologyJune 23, 2011
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‘Robot surgery no better than regular operation’
Endoscopic surgeries and open surgeries are just as effective as robot surgeries but are much cheaper, the National Evidence-based Healthcare Collaborating Agency said Tuesday. After its researchers surveyed 171 international and domestic papers, the institute concluded that robot surgery for prostate cancer had the survival rate, relapse rate and serious side effects as endoscopic or open surgeri
TechnologyJune 23, 2011
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Hospice care does not shorten life: study
About half of terminally ill cancer patients die within 70 days of diagnosis and just 18 percent survive six months, a group of researchers found Tuesday. Hospices provide compassionate care for people in the last phases of an incurable disease so that they may live as fully and comfortably as possible instead of undergoing excessive treatments and therapies. But opting for hospice care does not l
TechnologyJune 23, 2011
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Standing desks rise in popularity
WALNUT CREEK, California ― Last year, Kerri Campbell made a decision: She would no longer sit at her desk eight hours a day. Today, the retail broker for Daymon Worldwide in Pleasanton, Calif., stands on a couple of black pads, each about an inch think. Her keyboard is on a wooden stand built by her husband, and her monitor rests at eye level on a box, a hard drive dock and a ream of paper.It’s no
TechnologyJune 23, 2011
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What are better treatment options for spinal stenosis?
Lumbar spinal stenosis is a degenerative spinal disorder that develops when the foramina of the lumbar vertebrae become narrowed resulting in compression of the nerve roots. This compression of the spinal canal causes back pain and neurological symptoms in the lower limbs. Spinal stenosis may be congenital (idiopathic) or acquired (degenerative). The main symptoms of the disease are limping and ba
TechnologyJune 23, 2011
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U.S. ups anti-smoking ante but will Korea?
USFDA OKs hard-hitting warnings on cigarettes but tobacco lobby checks similar Korean moveWith the unveiling of nine graphic images that will adorn every cigarette pack sold in the U.S. from the fall of 2012, government officials and outside experts predict there will be an initial wave of smokers seeking help in quitting. The U.S. Food and Drug Administration says the graphic labels released Tues
TechnologyJune 23, 2011
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U.S. marine gets leg back with injection of pig bladder hormone
A U.S. marine who almost lost his right leg due to a bomb blast in Afghanistan, has become the first to see it grow back, thanks to regenerative medicine that uses a substance from a pig bladder, the Daily Mail reported.Marine Corporal Isaias Hernandez lost 70 percent of his right thigh muscles that would normally require amputation. However, rather than cutting it off, the remaining leg muscles w
TechnologyJune 23, 2011
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World’s millionaires rose by 8.3% last year, Merrill Lynch says
Global millionaires’ ranks rose by 8.3 percent last year as the Asia-Pacific region overtook Europe for the first time, according to a report by Capgemini SA and Merrill Lynch Global Wealth Management. The number of individuals with at least $1 million of investable assets increased to 10.9 million after markets rebounded following the financial crisis, according to the 15th annual World Wealth Re
June 23, 2011