Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over 8 million jobs taken by 50s or older
The number of employed people over 50 has exceeded 8 million for the first time, reflecting an older workforce brought on by Korea’s fast-aging society. Statistics Korea said Thursday that the number stood at 8.02 million as of the end of April, up 313,000 from the previous month. The figure is the highest ever recorded for the age group and is more than double the level in 1991, 4.03 million.The
May 12, 2011
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Korean Air to hire 500 more flight attendants
Korean Air, the country’s No. 1 air carrier, said Thursday that it will recruit an additional 500 flight attendants this month.The recruitment, which is on the largest scale ever, comes shortly after the company hired a total of 500 employees in February and March, company officials said.The air carrier also said that it will hire another group of 500 in the latter half of this year, which means 1
IndustryMay 12, 2011
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Google’s Android dominates OS market, boosted by key vendors
Recent research has found that more than three in 10 wireless gadget users own an electronic device that runs on Google’s Android mobile operating system, putting strong emphasis on its openness.According to a market research firm Strategy Analytics’ data, the Android OS garnered a 35.9 percent share in the global OS market, followed by Nokia’s Symbian and Apple’s iOS with 26.3 percent and 18.1 pe
IndustryMay 12, 2011
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Samsung ‘unfazed’ by competition
Group’s semiconductor chief skeptical of Elpida’s DRAM chip claimsSamsung Electronics appeared to be keeping its cool despite concerns about intensifying competition posed by global IT companies such as Apple, Elpida and Intel, with officials saying there was no cause for real alarm.In addition to the latest move from Apple Inc., which in April sued Samsung for copyright infringement ahead of the
IndustryMay 12, 2011
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Money supply growth declines to 7-year low
Korea’s money supply grew at the weakest pace in nearly seven years in March as payments of corporate tax drained money circulation, the central bank said Thursday. The country’s M2, a narrow measure of its money supply, reached 1,677.5 trillion won ($1.55 billion) in March, marking a 4.3 percent increase from the figure posted a year earlier, according to the Bank of Korea. The March reading was
May 12, 2011
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Banks to buy W1tr in toxic loans in June
Eight major commercial banks will next month purchase toxic loans totaling 1 trillion won ($923.6 million) issued to the construction sector as part of a bid from the nation’s financial regulators to minimize the negative impact of such loans on the market.Financial companies have issued loans to builders in the name of “project financing” over the past few years. But in the wake of the 2008 globa
May 12, 2011
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Home-backed lending jumps W2.4tr in April
Korean banks’ home-backed loans grew by the largest amount in four months in April as the economic recovery spurred loan demand, the central bank said Thursday.Local banks’ mortgage loans reached an outstanding 292.3 trillion won ($269 billion) as of the end of April, up 2.4 trillion won from the previous month, according to the Bank of Korea.The April number jumped from a 2.1 trillion won on-mont
May 12, 2011
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FSC delays ruling on Lone Star’s eligibility
Decision spurns speculation that Hana Financial-Lone Star deal may break downThe Financial Services Commission announced Thursday that it has decided to indefinitely delay its ruling on whether Lone Star Funds of the U.S. was eligible to buy Korea Exchange Bank in 2003.With the decision, speculation is rising in financial markets that the preliminary contract between Hana Financial Group and Lone
May 12, 2011
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Safdie bids for Incheon Airport terminal No. 2
Famed architect Moshe Safdie on Thursday said his team aimed to incorporate elements unique to Korean culture in his design bid for a second terminal at Incheon International Airport. Addressing reporters in Seoul, the star designer of Singapore’s Marina Bay Sands Resort detailed his ambitions to take on what would be his third airport project. “In the old days, people coming to Seoul felt their f
May 12, 2011
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Samsung eyes $10b revenue in southern Africa by 2015
NAIROBI (Yonhap News) ― Samsung Electronics Co. aims to post $10 billion in revenue by 2015 in Sub-Saharan Africa with its consumer electronics and mobile products built for the market, the chief of the company’s African unit said Wednesday.Samsung has been stepping up efforts to make inroads into the African market, which has a population of 1 billion with a growing number of middle-class people,
May 12, 2011
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LG announces mutual growth scheme
40 billion won R&D plan to start with focus on boosting productivityLG Electronics said Thursday that it will invest 40 billion won ($36.86 million) in research and development with its subcontractors for the next five years as part of its mutual growth plan.In a meeting with about 200 subcontractors at its R&D Center in southern Seoul, the company’s vice chairman Koo Bon-joon said they were all i
IndustryMay 12, 2011
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Fatty heart increases heart disease risk
Having a lot of fat around your heart leaves you susceptible to cardiovascular diseases even if you are not overweight, a group of local doctors said.According to research by Prof. Chun Eun-joo and Choi Sang-il of Seoul National University Bundang Hospital on 402 people, those with a lot of fat around their heart were 10 times more likely to get coronary artery stenosis, a narrowing of the carotid
TechnologyMay 12, 2011
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Lupus awareness campaign in Seoul
The Korean Lupus Support Group is holding a campaign to raise awareness about lupus, a chronic autoimmune disease, at Cheonggye Plaza in central Seoul on Friday. The event marks World Lupus Day that fell on Tuesday.According to the Lupus Foundation of America’s definition, lupus is disease that can affect any part of the body as the “malfunctioning” immune system turns the body against itself. Nor
TechnologyMay 12, 2011
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St. Mary’s Hospital adds sickbeds
Seoul St. Mary’s Hospital added 161 beds to its 1,159 sickbeds in the main building on Wednesday. A total of 44 beds and 16 armchairs will be located at the cancer center for use by chemotherapy outpatients. About 87 percent, or 125, of the beds will be allocated to wards that have five beds covered by the national health insurance. “The increase of sickbeds will enable more patients to receive in
TechnologyMay 12, 2011
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U.S. schools debate chocolate milk ban
LOS ANGELES (AP) ― Chocolate milk has long been seen as the spoonful of sugar that makes the medicine go down, but the nation’s childhood obesity epidemic has a growing number of people wondering whether that’s wise.With schools under increasing pressure to offer healthier food, the staple on children’s cafeteria trays has come under attack over the very ingredient that made it so popular ― sugar.
TechnologyMay 12, 2011
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Study: Prostate cancer surgery helps younger men
Men under 65 with early prostate cancer had better survival odds if they had surgery right away instead of waiting for treatment only if their cancer got worse, a study in Sweden found.That was true even for tumors thought to be low-risk because they didn’t look very aggressive under a microscope.Doctors have long debated whether and how to treat such early cases, and the study shows “there clearl
TechnologyMay 12, 2011
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Over-the-counter drug danger rises
FORT LAUDERDALE, Florida ― Raids on South Florida pill mills have drawn attention to the dangers of prescription drugs. But also life-threatening can be the aisles of over-the-counter medications at drug stores, where seemingly harmless pain relievers and other products account for a growing number of overdoses.Calls to the Florida Poison Information Center Miami, which handles all of South Florid
TechnologyMay 12, 2011
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Dizziness: Look into your ears
Dizziness covers a whole range symptoms of unsteadiness when one is in a perfectly stable environment. From a floating sensation and lightheadedness to breakdown and unconsciousness, someone who feels dizzy faces various symptoms. In the case of vertigo, the sufferer feels his or surrounding environment to be spinning around constantly. Dr. Chung Won-ho of Samsung Medical Center checks a patient’s
TechnologyMay 12, 2011
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Eat rice rather than bread
Rice provides more energy, research suggestsMore people are enjoying bread or pastries for breakfast for convenience’s sake. Thirty-two-year-old office worker Kim Sang-il is one of them. Single, living alone in his studio and eating out everyday, Kim barely makes anything at home. He eats toast with jam and yogurt for breakfast.“If I try to have steamed rice with side dishes, the Korean traditiona
TechnologyMay 12, 2011
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Google-powered laptops to go on sale June 15
Sundar Pichai, senior vice president of Chrome at Google Inc., speaks during a keynote address at the Google I/O conference in San Francisco, California, U.S., on Wednesday, May 11, 2011. Google Inc.'s new Chromebook line of laptops, manufactured by Samsung Electronics Co. and Acer Inc., will go on sale next month, furthering the company's push into computer hardware. (Bloomberg-Yonhap News)SAN FR
TechnologyMay 12, 2011