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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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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KT launches new mobile plans for foreign residents
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Study links potatoes, among other foods, to weight gain
(MCT)LOS ANGELES — Public Enemy No. 1 in America's battle of the bulge isn't cupcakes, soda or double bacon cheeseburgers. It's the simple potato, according to Harvard University researchers.Daily consumption of an extra serving of spuds — french fried, sliced into crispy chips, mashed with butter and garlic, or simply boiled or baked — was found to cause more weight gain than downing an additiona
TechnologyJune 24, 2011
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S. Korean consumer sentiment dips in June
SEOUL, (Yonhap) -- South Korea's consumer confidence declined in June from the previous month on concerns that rising inflation and growing household debt could crimp consumer spending, the central bank said Friday.The consumer sentiment index (CSI) -- a gauge of consumers' overall economic outlook, living conditions and future spending -- stood at 102 for June, down from 104 for May, the Bank of
June 24, 2011
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Politicians, tycoons in feud over testimony
Friction between politicians and the business community is escalating, fueled by the National Assembly’s plans to call Federation of Korean Industries chairman Huh Chang-soo and other top businessmen to its hearings.At a press conference Tuesday, Huh said that he was opposed to the plans to remove tax benefits for businesses. He criticized policies such as halving university tuition fees as impuls
IndustryJune 23, 2011
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Korea to foster local growth engine sectors
The government said Thursday it plans to boost support for growth industries in the country’s provincial metropolitan areas by injecting 285 billion won ($265 million) this year.The program is the latest in a string of projects that the Ministry of Knowledge Economy has pushed since 2009 to develop regional technology hubs.Under the plan, the ministry will fund nearly 20 billion won this year for
IndustryJune 23, 2011
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Ministry, refineries differ on how to end temporary oil price cut
The government is seeking to alleviate the fallout of local oil refiners’ move to raise product prices that were temporarily lowered to help stem inflationary pressure, sources said Thursday.The Ministry of Knowledge Economy recently held talks with local oil companies and called for a “soft landing” approach when they move to mark up gasoline and diesel fuel after July 6, they said.In April, SK I
June 23, 2011
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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