Most Popular
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Yoon calls for dialogue, trust from medical community
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NK leader guides firing drills involving super-large multiple rocket launchers
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Dyson founder visits Seoul for global debut of new hair dryer
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Leaders call for action against threats to democracy posed by AI
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Asiana Airlines wins data transfer certification in China
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Dispute heats up over dispatch of scandal-ridden envoy to Australia
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Dodgers beat S. Korea in final exhibition before MLB opener in Seoul
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Disgraced ex-K-pop star released after serving time for sex crimes
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Trump unlikely to unravel IRA: experts
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Yoon says medical licenses should not be used as tool against people
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Sales of imported vehicles jump 22 pct in May
SEOUL (Yonhap) -- Sales of imported vehicles in South Korea surged 22 percent last month from a year earlier on demand for new models and aggressive marketing strategies by local dealers, a trade association said Tuesday.A total of 8,777 imported vehicles were sold here in May, compared with 7,193 units sold a year earlier, according to the Korea Automobile Importers and Distributors Association (
MobilityJune 7, 2011
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Still-frail Jobs appears to hail Apple's latest
SAN FRANCISCO (AP) - Steve Jobs re-emerged from his latest medical leave Monday to show off Apple Inc.'s latest innovations and sustain the hope that he eventually will return to dream up more ways to reshape technology. The highlight, as usual, came at the end of Jobs' presentation. He was onstage for less than 30 minutes during a nearly two-hour event that primarily featured his subordinate
TechnologyJune 7, 2011
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Germany backtracks on sprouts as E. coli source
HAMBURG, Germany (AP) _ First they pointed a finger at Spanish cucumbers. Then they cast suspicion on sprouts from Germany. Now German officials appear dumbfounded as to the source of the deadliest E. coli outbreak in modern history, and one U.S. expert has called the investigation a ``disaster.'' Backtracking for the second time in a week, officials Monday said preliminary tests have found n
TechnologyJune 7, 2011
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Three-way ties can create level playing field
A tripartite tie-up between multinational companies, conglomerates and small- and mid-sized firms is one way the Korean government can attempt to cope with the daunting task of leveling the corporate playfield, says the head of the Korean CEO’s Association of Multinational Corporations.“We may have the drive and means for helping these small- and mid-sized companies, but it can’t be done without a
IndustryJune 6, 2011
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3-D LCD panel sales surge in first quarter
Sales of locally made three-dimensional liquid crystal displays surged 104 percent in the first quarter compared to the last three months of 2010, mainly fueled by a rise in global demand, an industry report showed Monday.According to the report by market research firm DisplaySearch, Korean-made 3-D LCD shipments reached 1.90 million units in the three-month period. It said the size of the market
IndustryJune 6, 2011
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Volvo recalls trucks with faulty steering
Volvo Group Korea is recalling 49 FH and FM truck models due to a fault in the steering system, the Ministry of Land, Transport and Maritime Affairs announced Monday. According to the ministry, the bolt keeping the steering arm in place in FH 6X4, FH 6X2 and FM 6X2 trucks produced between Dec. 13 and Jan. 14 may come loose. The recall applies to 39 FH 6X2 trucks, and five each of FH 6X4 and FM 6X2
IndustryJune 6, 2011
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Koreans still favor instant coffee fix
Although the country’s thriving coffee market has stoked demand for espresso and drip coffee in recent years, instant coffee remains Korea’s preferred drink, a recent survey showed. Last year, Koreans consumed 22.8 billion cups of coffee collectively, according to the survey by Nielson Korea and Dongsuh Foods Corp., the top local instant coffee maker. That translates as 452 cups for every Korean o
IndustryJune 6, 2011
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POSCO to begin work on magnesium smelting plant
POSCO will begin work on its first magnesium smelting plant on Friday.The plant, to be located within an industrial complex in Gangneung, Gangwon Province, is scheduled for completion in June 2012. Once complete, the plant will be capable of producing 10,000 metric tons of magnesium ingots on an annual basis, reducing imports by an estimated 35 billion won ($32 million) each year.According to indu
IndustryJune 6, 2011
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More firms plow money into solar energy
Samsung SDI, LG Chem, Hanwha participate in solar power projectsAn increasing number of firms are betting on solar energy projects as solar power is figured to be one of the fastest-rising new growth engines in the country.Large businesses, such as Samsung SDI, LG Chemical, Hanwha and SK subsidiary SKC, are gearing up to increase production to prepare for the rising demand for solar energy.Accordi
IndustryJune 6, 2011
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BOK to decide key rates on June 10
The Bank of Korea will meet on June 10 to decide interest rates as policy makers try to tame inflation without damping an economic recovery.Korea’s inflation climbed 4.1 percent from a year earlier in May, exceeding the central bank’s target for a fifth straight month and adding to the case for an increase in interest rates even as export and output growth cools. Exports last month advanced 23.5 p
June 6, 2011
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Shares expected to gain further ground this week
Korean stocks are expected to continue their upward trend this week on a series of events that may keep market sentiments afloat, analysts said.The benchmark Korea Composite Stock Price Index closed this week at 2,113.47, up 0.63 percent from a week earlier.The KOSPI lost ground at the beginning of last week, dipping to 2,093.79 on program and foreign sell-offs. The index rebounded to the 2,100 le
June 6, 2011
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Korea’s farm, food product exports jump 34.3% this year
Korea’s food and agricultural exports surged 34.3 percent on-year in the first five months of 2011 mainly due to a rise in demand from Japan and other Asian countries, the government said Monday.The Ministry for Food, Agriculture, Forestry and Fisheries said outbound shipments reached $2.82 billion in the cited period, fueled by solid overseas demand for such goods as ginseng, processed food and v
June 6, 2011
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Budget carriers permitted to start operations to Vietnam
Korea’s smaller-sized budget carriers may start flight operations to Vietnam under a new arrangement reached between Seoul and Hanoi, the government said Monday.The Ministry of Land, Transport and Maritime Affairs said that under the new pact, both countries will abolish restrictions imposed on how many carriers can offer flight services.The two countries signed a so-called open skies accord in 20
June 6, 2011
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Local food prices rise sharply in May
Local food product costs rose twice as fast as national consumer prices in May, fueling inflationary concerns that could exert a negative influence on economic growth, a government report showed Monday.The joint report by the Bank of Korea and Statistics Korea showed prices of 38 staples such as pork fat back cuts, various traditional stews and noodles shot up by more 8 percent last month compared
June 6, 2011
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Lone Star plans another dividend under new deal
Lone Star Fund is in talks with Hana Financial Group to recoup another quarterly dividend off the Korea Exchange Bank as part of its re-negotiation to sell its majority stake over to Hana, sources involved in the negotiation said Monday.The insider said details of the payout dividend are expected to arrive when the two officially extend the $4.3 billion takeover deal of KEB for six months. The two
June 6, 2011
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BRICS pose both opportunities, risks for global economy: report
The emergence of BRICS economies in recent years poses both opportunities and risks for the global economy, which needs to be carefully monitored, a government report said Monday.The report by the finance ministry said the economies of Brazil, Russia, India and China as well as South Africa, which joined the ranks of the other large, rapidly growing countries this year, have contributed to a surge
June 6, 2011
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European business delegation promoting partnership in Korea
A European Union delegation focusing on construction, building technologies, environment and energy-related technologies is in town until June 10.The Gateway Program is comprised of 51 specially selected European small- and medium-sized enterprises.“Participating European companies possess outstanding technologies and products in their field and receive comprehensive support aimed at developing bu
June 6, 2011
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Nexon, Bluehole Studio set up at L.A. game trade show
The Electronic Entertainment Expo 2011, the world’s largest game trade show participated in by local players Nexon and Bluehole Studio, will take place at the Los Angeles Convention Center from June 7-9.Nexon and Bluehole Studio will set up their own booths throughout the exhibition to make public their line-up of online games.Nexon, which took part in the show for the first time last year, will f
IndustryJune 6, 2011
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China shops for Latin American oil, food, minerals
CARACAS, Venezuela (AP) ― Latin America is blessed with a wealth of natural resources such as oil, copper and soy, and seeks investment and loans to capitalize on them. China needs the commodities to keep its economy growing and has about $3 trillion in reserves to burn.Those interests have come together in a burgeoning and unorthodox partnership, as China lends and invests tens of billions of dol
IndustryJune 6, 2011
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Magician shows preview of iOS 5
(YouTube)German magician Simon Pierro has given Internet users a taste of what Apple’s soon-to-released iOS 5 software might be like -- as part of his magic show. He created the magic performance with his iPad 2, playing on the upcoming iOS 5 release, social media news blog Mashable reported. The video clip of the show has attracted more than 300,000 clicks on YouTube as of June 6. He brings objec
TechnologyJune 6, 2011