Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Radiation therapy: significance of proton therapy
Pyo Hong-ryullRadiation therapy, together with surgery and chemotherapy, has become one of the three most commonly used methods for treating cancer today. Since the discovery of X-ray, many improvements ― such as the linear accelerator (LINAC), 3-Dimensional conformal radiotherapy and intensity modulated radiation therapy (IMRT) ― have been seen in the field of radiotherapy. Proton therapy can be
TechnologyJuly 7, 2011
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How to exercise during rainy season
The official jangma, or rainy season, has reached its peak with up to 200 millimeters of rainfall pounding the nation throughout the week. Heavy rain like this will be a disappointment for most joggers and outdoor activity fanatics. Some people enjoy exercise in the rain but doctors advise people to keep to indoor activities. Dr. Park Won-ha of Samsung Medical Center suggested ways to enjoy safe e
TechnologyJuly 7, 2011
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Heart disease is No. 1 killer, can sneak up on women: report
WASHINGTON (AP) ― Heart disease can sneak up on women in ways that standard cardiac tests can miss.It’s part of a puzzling gender gap: Women tend to have different heart attack symptoms than men. They’re more likely to die in the year after a first heart attack.In fact, more than 40 percent of women still don’t realize that heart disease is the No. 1 female killer. One in 30 women’s deaths in 2007
TechnologyJuly 7, 2011
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SKT, STX bid for Hynix
SK Telecom and STX Group have submitted letters of intent to acquire Hynix Semiconductor.Friday marked the deadline for a sale broker’s receiving LOIs for a 15 percent stake, whose value ranges between 2.34 trillion won ($2.18 billion) between 2.74 trillion won, in the world’s 2nd-largest semiconductor firm.According to industry sources, SK Telecom has the strong willingness that it “would not los
IndustryJuly 7, 2011
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KCC likely to bid in Hynix on Hyundai’s behalf
STX Group also continues to express interest to the last minute By Kim Ji-hyun and Choi He-suk KCC Corp., a member of Hyundai’s sprawling industrial empire, may submit its letter of intent for a stake in Hynix Semiconductor, industry sources said on Thursday. Reports of KCC’s intention to participate in the bidding came shortly after Hyundai Heavy Industries said it would not be participating in
TechnologyJuly 7, 2011
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Iceland's Hekla volcano shows signs of activity
A cloud of ashes billows from the Puyehue volcano near Osorno, 870 km south of Santiago, on June 15. (AFP-Yonhap News)REYKJAVIK, Iceland (AP) -- Scientists are monitoring unusual underground activity that could signal an eruption at the Hekla volcano in southern Iceland.University of Iceland geophysicist Pall Einarsson said Wednesday that magma appears to be moving deep beneath the volcano. He say
TechnologyJuly 7, 2011
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Three global firms bid for E-Mart Chinese operations
By Cho Ji-hyunThree well-known global companies are taking part in the bid for E-Mart’s Chinese operations, according to a U.K.-based company specializing in information on M&As.Mergermarket, an independent mergers and acquisitions intelligence service, told The Korea Herald that Wal-Mart, Tesco and Ren Ren Le are most likely in line to take over E-Mart’s Shanghai operations and that the players w
IndustryJuly 7, 2011
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Corporate Korea efforts for PyeongChang paid off
The collective effort from the local corporate sector played a pivotal role in giving PyeongChang its long-coveted wish of hosting the 2018 Winter Olympics. ####CaptionIOC member and Samsung Group chief Lee Kun-hee (front) and Bid Committee and Hanjin Group chairman Cho Yang-ho visit the Durban Riverside Hotel on Monday, where the Korean delegation is staying to promote PyeongChang’s bid to host t
IndustryJuly 7, 2011
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Four major banks under probe over irregular lending
The nation’s top financial regulator is investigating four major commercial banks in connection with lending irregularities, banking sources said Wednesday.Kookmin, Woori, Shinhan and Hana banks are suspected of forcing borrowers to buy their financial products including time deposits, pension and insurance in exchange for lending, they said.The Financial Supervisory Service has recently completed
July 6, 2011
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SC First Bank punished for illegal metal loan service
Korea's financial watchdog said it has decided to penalize SC First Bank for its violations of local banking laws such as the illegal handling of metal loan services to corporate customers. The Financial Supervisory Service (FSS) said it will impose fines worth 4.5 million won ($4,225) and punish 41 officials of the Korean unit of Standard Chartered Plc after the bank violated regulations on metal
July 6, 2011
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Goldman Sachs faces probe over fraud charges
Prosecutors are investigating Goldman Sachs Group on allegations that the investment bank defrauded local insurers Heungkuk Life Insurance and Heungkuk Fire & Marine Insurance.The Seoul Central District Prosecutor’s Office said Wednesday it was taking on complaints by the two insurers that the U.S. investment bank sold a high risk, high yielding investment product known as collateralized debt obli
July 6, 2011
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Four banks under probe over unfair lending
The nation’s financial regulator is investigating four major commercial banks on suspicion of unauthorized lending, banking sources said Wednesday.The four facing a probe are Kookmin, Woori, Shinhan and Hana, and the Financial Supervisory Service has recently completed its preliminary examination of the banks, the sources said.The unauthorized lending practice refers to banks’ demand that borrower
July 6, 2011
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SK Group’s Chey family hit by series of scandals
A member of SK Group’s Chey family is once again under the scrutiny of the investigative authorities, adding to the growing list of suspect goings on at the country’s third largest conglomerate.In the latest investigation involving a member of the Chey family, prosecutors have banned vice chairman Chey Jae-won from leaving the country as they look into the allegation that he has slush funds amount
IndustryJuly 6, 2011
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Koo urges LGE to take the right path
Koo Bon-joon. (Bloomberg)Koo Bon-joon, vice chairman and CEO of LG Electronics, on Wednesday stressed the need for employees to take the “right path,” indicating he would be cracking down on corruption. “We will be dealing strictly with any violation or corruption to set an example,” Koo said in an emailed message.The chief executive lamented that since he created his email account on May 1, askin
July 6, 2011
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Ssangyong launches new Chairman W
Ssangyong Motor Co. CEO Lee Yoo-il (right) and labor union leader Kim Kyu-han (second from right) unveil “New Chairman W,” the newest version of its flagship sedan, the Chairman, in Seoul on Wednesday. (Yonhap News)Ssangyong Motor unveiled the new Chairman W in the local market more than three years after it launched the Chairman W in February 2008.At a press conference in Seoul on Wednesday, the
July 6, 2011
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Korea, Indonesia to meet on FTA this week
Korea and Indonesia will hold the first round of feasibility study talks on a bilateral free trade deal this week, the Trade Ministry in Seoul said Wednesday.In 2007, a free trade agreement between South Korea and the Association of Southeast Asian Nations, which includes Indonesia, went into effect. But Seoul has been seeking to forge higher-level separate free trade deals with Indonesia, Malaysi
July 6, 2011
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Korean auto exports hit record in H1
Korea’s automotive exports reached a record high in the first half of the year as local automakers increased their shares in overseas markets on the back of improved quality, a trade association said Wednesday.According to the Korea Automobile Manufacturers Association, local automakers exported a total of 1.55 million units in the first six months of the year, up 15.1 percent from a year earlier.
July 6, 2011
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Hyundai Heavy says it will not bid for Hynix
Hyundai Heavy Industries Co., the world’s leading shipbuilder, said Wednesday it will not bid for a stake in Hynix Semiconductor Inc., raising speculation that creditors may fail again to sell the world’s second-largest computer memory chipmaker.Hyundai Heavy had been regarded as the sole potential investor for the 15 percent stake up for sale.“We decided not to submit a bid for Hynix Semiconducto
July 6, 2011
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Samsung forecast to log lower Q2 profit on weak panels, TVs
Samsung Electronics Co. will likely report lower-than-expected earnings for the second quarter, hit by flagging demand for TVs and slumping display prices, analysts said Wednesday. Samsung, Asia’s largest maker of smartphones, TVs, chips and display panels, is estimated to have earned 3.35 trillion won ($3.14 billion) in the April-June period, compared with 4.28 trillion won a year earlier, accord
July 6, 2011
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Banks, brokerages face limited impact from Korea-EU FTA
Korea’s financial industry is to face limited impact from the Free Trade Agreement with the European Union as there are few barriers in market access. On the other hand, the insurance industry is expected to benefit from the overall increase of trade.The Korea-EU FTA, which took effect July 1, is pushing banks, insurance companies, asset managers and other financial institutions in both economies
July 6, 2011