Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Banks ordered to cut down forward trading
The financial authorities will soon instruct banks to slash their forward trading, as part of government measures to crack down currency speculation by regulating foreign exchange positions.The Ministry of Strategy and Finance and the Bank of Korea said on Thursday that they have decided to order banks dealing with foreign currency trading to reduce the ceiling of forward trading by about 20 perce
May 19, 2011
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Hana-KEB deal delay weakens both: Moody’s
Analyst says extended FSC deadlock especially damaging for KEBThe financial regulator’s delay in approving Hana Financial Group’s bid of Korea Exchange Bank is credit negative for both lenders but especially for the lender long been put up for sale, credit rating agency Moody’s said Thursday. “We gave an A2 to KEB because one, their performance was good and two, we expected it to be sold over to H
May 19, 2011
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[Herald Interview] ‘Tighter rules needed before Woori sale’
Bancorp CEO says new rules would be desirable for megabanks in KoreaBetsy Cohen, founder and CEO of U.S. internet retail bank Bancorp Inc., said tightening capital and liquidity rules should come before the creation of the megabank due to be formed by the privatization of Woori Financial Holdings.“Size is not protected easily. Activities of large institutions carry a great deal of risk for a wider
May 19, 2011
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[Herald Interview] ‘Electronic traveler’s checks gaining popularity’
An electronic version of the traveler’s check, which has gained popularity among Western travelers for its convenience and security, is also drawing interest in Korea.“In the past, we prepared traveler’s checks when going on a trip, but these days we need to hold a traveler’s card instead of traveler’s checks,” said Richard Kim, country manager of Card Services Korea. Card Services Korea country m
May 19, 2011
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Coffee cuts risk of lethal prostate cancer: study
WASHINGTON (AFP) ― More is better when it comes to drinking coffee to ward off the risk of deadly prostate cancer, according to a major U.S. study released by researchers at the Harvard School of Public Health.Men who drank six or more cups per day had a 60 percent lower risk of developing the most lethal type of prostate cancer and a 20 percent lower risk of forming any type of prostate cancer co
TechnologyMay 19, 2011
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Endoscopic management of urinary stone disease
Urinary stones are hard buildups of minerals that form in the urinary system and cause urinary tract infection, the obstruction of urinary flow and sometimes renal dysfunction. They may also be accompanied by pain and bleeding. The structural order and chemical components of a urinary stone, as well as abnormalities shown in the urine, began to be unraveled in the 20th century with the advent of a
TechnologyMay 19, 2011
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Ways to tackle tummy trouble
Although there is no cure, irritable bowel syndrome can be managedWhen he was a college student, Lee Sang-woo used to memorize the location of toilets at every subway station between his home and school. “Because I had diarrhea frequently, I never took the bus,” said the 32-year-old office worker who has suffered from irritable bowel syndrome for more than 10 years. Even though his symptoms have i
TechnologyMay 19, 2011
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IMF's Strauss-Kahn resigns amid sex charges
Dominique Strauss-Kahn (AP-Yonhap News)WASHINGTON (AP) _ Dominique Strauss-Kahn, the embattled managing director of International Monetary Fund, resigned saying he wanted to devote ``all his energy'' to battle the sexual assault charges he faces in New York.The IMF's executive board released a letter from the French executive Wednesday in which he denied the allegations lodged against him but said
May 19, 2011
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Lonely planet guide: Planets that have no stars
Astronomers on Wednesday said they had found a previously inconceivable phenomenon: planets that do not appear to be anchored to a host star but instead wander the heavens.In a two-year scan of the cosmos, 10 planets with roughly the mass of Jupiter, the largest planet of our Solar System, have been found at such enormous distances from the nearest star that some of them could be said to float fre
TechnologyMay 19, 2011
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Hyundai Capital faces sanctions over hacking case
The financial watchdog said Tuesday that it is considering penalizing Hyundai Capital and several of its staff for incurring cyber attacks due to negligent internal controls.Those subject to the regulatory sanctions will possibly include several executives, including CEO Ted Chung, of the loan issuance company jointly owned by Hyundai Motor Group and U.S.-based GE Capital, the Financial Supervisor
May 18, 2011
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Korea rises to 22nd in global competitiveness
By Cynthia J. KimKorea’s rating in the World Competitiveness Yearbook by a Switzerland business school rose by one place to No. 22 this year, the highest level the country has reached since joining the list in 1997.The annual report of the world’s 59 most competitive countries by the International Institution for Management Development ranked Korea higher on government and business efficiency, rai
May 18, 2011
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Neowiz Games records highest quarterly earnings
Neowiz Games Corp., a Korean online game publisher, said Wednesday it reached 147.7 billion won ($136 million) in sales and 33.8 billion won in operating profit in the first quarter, breaking its quarterly record due to sharply rising overseas sales.The company, well-known for its game portal Pmang, expanded overseas sales by 141 percent ― taking up 48 percent of its overall sales ― compared to th
IndustryMay 18, 2011
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KEPCO wins $46m power cable project in Dominican Republic
Korea Electric Power Corp., the state-run energy company, said Wednesday that it has won a $46 million order from the Dominican Republic to install power transmission lines in the Caribbean island nation.KEPCO said it signed the deal with the Dominican government on Tuesday in Santo Domingo, the country’s capital, to replace 400 kilometers of old power cables in three major cities there by May 201
IndustryMay 18, 2011
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GS chairman Huh highlights challenge, innovation and practice
GS Group chairman Huh Chang-soo emphasized the value of challenge, innovation and practice at a forum with executives of the conglomerate’s affiliates Wednesday. The Value Creation Forum was created last year to “uplift and settle the significance of innovation and change” in the corporate culture by sharing successful cases of innovation management among affiliates, GS said. About 400 officials f
IndustryMay 18, 2011
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Hana Financial may target Woori for M&A
A variety of predictions concerning the next step by Hana Financial Group are being issued in the market as its chairman Kim Seung-yu continued to express its willingness to acquire a bank.The situation comes amid growing uncertainty about the conclusion of the deal between Hana Financial and U.S. Lone Star Funds to trade shares of Korea Exchange Bank.As financial regulators indefinitely delayed t
May 18, 2011
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Seoul-Busan KTX line cuts air travel to Gyeongsang
The number of people traveling the Seoul-Ulsan air route fell 39.4 percent since the last section of the Seoul-Busan high-speed railway was opened, the Ministry of Land, Transport and Maritime Affairs said Wednesday.The Seoul-Busan line connected the East Daegu-Busan line to the Seoul-East Daegu line that was completed earlier, and KTX high-speed trains began operating on the route on Nov. 1.Accor
IndustryMay 18, 2011
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Korea, Latin America to work on energy, green growth
The two-day High-Level Forum on Korea-LAC Partnership began in Seoul on Wednesday. Held for the third time, high-level officials from 11 Latin American countries including First Vice President of Costa Rica Alfio Piva Mesen are attending the event.The main topic of this year’s discussions are ways to increase cooperation between Korea and Latin American nations in the field of trade, investment, e
May 18, 2011
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Mobile trading soars amid network concerns
Korean bourse says it will tighten supervision of stock trades made on mobile devicesStock trading through smartphones, tablet computers and other wireless devices is expected to exceed 150 trillion won ($138 billion) this year amid growing concerns about network security, market watchers said on Wednesday.The Korea Exchange said the amount of stock trading done using wireless mobile devices toppe
May 18, 2011
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[Meet the CEO] Fuji Xerox aims to sell 100,000 printers
Company increases Korean sales target for this year to 80 billion wonWith a goal of selling 1 million printers in the Asia-Pacific region, Fuji Xerox Printers Korea plans on introducing its products to 100,000 people here this year.Hwang Yoo-chun, chief executive officer of the company, said that it has fixed its target at 100,000 printers in Korea alone, as well as 500,000 printers in China.“We’v
IndustryMay 18, 2011
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Businesses fire up anti-smoking efforts
Companies use incentives, anti-smoking aids and negative evaluation to help smokers quitKeeping abreast with growing anti-smoking campaigns, major companies are stepping up efforts to drive cigarette smoke from the workplace. Some big companies use a “carrot and stick” policy, such as offering incentives, anti-smoking aids and even negative evaluation, to help employees quit smoking.The world’s fo
IndustryMay 18, 2011