Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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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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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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[Weekender] How DDP emerged as an icon of Seoul
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Woman gets suspended term for injuring boyfriend with knife
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Med schools expect 1,500+ new admission slots next year
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S. Korea unlikely to face fast spread of 'unidentified virus': gov't agency
The unidentified virus that might have caused the death of a South Korean woman earlier this week does not seem to be spreading quickly, the nation's disease control agency said Wednesday. The 36-year-old woman died on Monday in the intensive care unit at a Seoul hospital after being admitted last month for tuberculosis. Her infection and death were caused by an unidentified virus, the first o
TechnologyMay 11, 2011
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LG Chem to place bigger emphasis on batteries
LG Chem plans to have half of its business in batteries and information materials by 2015, based on the belief the sectors will lead the firm to join the ranks of global top-tier companies. “Our business focus on batteries and information materials will be increased to become on par with our petrochemical division,” Kim Bahn-suk, vice chairman and CEO of the nation’s leading chemical company, told
IndustryMay 11, 2011
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KTX-II train examined due to structural fault: sources
One of the 19 KTX-Sancheon high-speed trains has been pulled off line as the system is now under examination by the manufacturer due to a serious structural fault, sources said Wednesday. KTX-Sancheon, or KTX-II, is the first high-speed train produced with locally developed technology that went into service early last year. The train has been in the spotlight in recent months due to frequent break
IndustryMay 11, 2011
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Samsung denies reports of abandoning solar batteries
Samsung Group on Wednesday denied news reports that its owner Lee Kun-hee instructed his company to reconsider the plans for developing solar batteries, saying Samsung has already earmarked the business as one of its future engines of growth.“We will continue to push forward in the (solar battery) business,” said Rhee In-yong, vice executive president of Samsung’s communications team, in a press b
IndustryMay 11, 2011
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Korean Air refuses to let cancer patient onto flight
Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board
IndustryMay 11, 2011
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Ministers discuss smart society, its challenges
Global ministerial meeting focuses on digital convergence, social networking servicesMinisters and vice ministers from 21 countries gathered in Seoul on Wednesday to share views about how innovative solutions and next-generation technologies could reshape people’s lives and offer new opportunities.“A smart society has come, which puts an emphasis on digitalization, mobility and two-way services wi
May 11, 2011
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Ministry sets area of new park in Yongsan
The Ministry of Land, Transport and Maritime Affairs on Wednesday designated 2.43 square kilometers of the land currently occupied by the U.S. Army’s Yongsan Garrison to be converted into a park.Central government agencies and the Seoul city government have been reviewing plans to convert the land occupied by the Yongsan Garrison into a park since 2008 once control of the land is returned to the K
May 11, 2011
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Road map for Woori Finance sale due out next week: FSC
Korea will unveil its road map for the sale of a controlling stake in the second-biggest banking group Woori Finance Holdings Co. next week in a bid to restart its stalled privatization, the financial regulator said Wednesday.The Public Fund Oversight Committee, which handles the sale of state-owned firms, will announce on May 17 how to sell the 56.97 percent government stake in Woori Finance, the
May 11, 2011
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BOK likely to hike key rate: poll
Korea’s central bank is widely expected to resume its tightening move in May by raising the key interest rate by a quarter of a percentage point in a bid to stem inflationary pressure, a poll showed Wednesday.A total of 14 out of 17 economists forecast that the Bank of Korea will raise the benchmark seven-day repo rate to 3.25 percent on Friday, according to the survey by Yonhap Infomax, the finan
May 11, 2011
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Event to bring massive economic benefits for Korea
The International Exposition Yeosu Korea 2012 that will open its doors to visitors on May 12, 2012, is expected to bring more than visitors to South Korea.According to the organizing committee for Expo 2012 Yeosu Korea and local think-tanks, the cost of building the facilities and operating them for the three-month event will be about 2.1 trillion won ($1.9 billion).While significant, the figure i
IndustryMay 11, 2011
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Real interest rates below zero percent
Real interest has stayed below inflation for the past year, devaluing returns on bond investments and deposits at banks, a government report said Wednesday.The interest rate on 1-year savings products at most commercial banks is just over 4 percent, leaving no room for profit given on-year inflation in the 4 percent range on top of a 15.4 percent tax on interest income. “Real returns on deposits w
May 11, 2011
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36% of recent college graduates out of work
The number of unemployed fresh college graduates increased by 0.2 percent in April from a year earlier despite a drop in the overall jobless rate, Statistics Korea said Wednesday. Some 63.6 percent of college graduates in their twenties were part of the workforce, posting a 0.3 percent drop from a month earlier, indicating a persistent structural mismatch between the reality of the job market and
May 11, 2011
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Lee Kun-hee names new chief secretary
Samsung C&T Corp.’s executive vice president Park Pil was appointed as the head of Samsung Electronics chairman Lee Kun-hee’s assistant team on May 1.Operating under the chief of Samsung’s corporate strategy office, the head of the chairman’s assistance team is widely considered to be an important step on the way to key posts within Samsung Group.Although the team acts as the chairman’s assistance
IndustryMay 11, 2011
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[Meet the CEO] LG Chem targets 25% global market share
CEO Kim says company is developing ‘second generation’ electric car batteriesLG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to carve out a leading share of global markets. He also talked about LG Chem’s vision for its people, and how that vision helped turn the company around since he came to office in 2006, a time when LG Chem was
CompaniesMay 11, 2011
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Expo packed with cultural events
The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development.However, organizers also have a host of cultural events to entertain visitors.During the 93-day expo, more than 3,200 performances and other cultural events will take place within the grounds.The performances and events planned
IndustryMay 11, 2011
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Yeosu Expo to present future of marine development
Organizing committee steps up efforts for flawless Exposition opening next MayThe International Exposition Yeosu Korea 2012 is now a year away from its opening and its organizers are stepping up the efforts to bring preparations to a smooth close. The event, held under the theme “Living Ocean and Coast” will be held in Yeosu, South Jeolla Province from May 12 to Aug. 12.According to the Expo organ
IndustryMay 11, 2011
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Google unveils cloud-based music service
(Yonhap News)NEW YORK (AP) - Google Inc. unveiled its long-planned music service Tuesday, but it will likely need deals with the recording industry to reach its full potential.Called ``Music Beta by Google,'' the service lets users store their tunes remotely and access them from any compatible device, including mobile phones, tablets and computers. So far, it does not offer music downloads or song
TechnologyMay 11, 2011
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Rice makes you stronger, healthier than bread: study
Rice allows one to work out nearly 50 percent longer than bread and is more effective in reducing cholesterol, a new study suggested.The Korea Food Research Institute unveiled the result of its recent research on the health effects of Koreans’ staple food in a public forum on Wednesday.In a test on university students, researchers measured how long they can perform exercise after eating rice or br
TechnologyMay 11, 2011
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Korean Air refuses to let cancer patient onto flight
Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board
IndustryMay 11, 2011
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S. Korea's jobless rate inches down to 3.7 pct in April
S. Korea's jobless rate inches down to 3.7 pct in April South Korea's jobless rate inched down in April from a year earlier as the private sector continued to expand recruitment, fueled by strong exports, a government report showed Wednesday. The jobless rate was 3.7 percent last month, down from 3.8 percent in the same month a year earlier, according to the report by Statistics Korea. It was
BusinessMay 11, 2011