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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[Weekender] How DDP emerged as an icon of Seoul
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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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[KH Explains] No more 'Michael' at Kakao Games
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Samsung chairman coming out of shell?
Samsung Electronics Chairman Lee Kun-hee on Tuesday met executives of Samsung financial affiliates to discuss management issues at the company’s headquarters in southern Seoul as a part of his regular visits to the Seocho head offices. Lee, who had previous not frequented the Seocho headquarters, recently began meeting executives at Samsung affiliates, starting with key aides such as Kim Soon-taek
IndustryMay 3, 2011
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Seoul pushes benefit sharing for mutual growth
New scheme suggested as alternative to controversial ‘profit-sharing’ planThe government will encourage big businesses to share the benefits of cost reduction and technology development with their smaller subcontractors, as an alternative scheme after conglomerates blasted its controversial profit-sharing plan.The Ministry of Knowledge Economy said that sharing benefits would be a more viable opti
May 3, 2011
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Hana Tour travel show to open May 20
The Hana Tour International Travel Show will be held at the KINTEX exhibition center in Goyang, Gyeonggi Province from May 20 to 22.The show, organized by the country’s top travel agency Hana Tour Services Inc., will have booths displaying travel options by region and theme, the company said. Visitors browse last year’s Hana Tour International Travel Show at KINTEX in Goyang, Gyeonggi Province. (H
IndustryMay 3, 2011
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KEB set to decide on quarterly dividends
Korea Exchange Bank will convene a board meeting next week to determine whether to pay quarterly interim dividends, the bank said Tuesday, raising the chances of its biggest shareholder Lone Star Funds raking in profits.Board members are scheduled to meet on Monday to discuss the issue, and the potential dividend payout will be based on the bank’s first-quarter earnings due out on the same day, Ko
May 3, 2011
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Major builders’ Q1 orders fall 10%
New orders won by South Korean major builders dropped 10 percent in the first quarter from a year ago mainly due to a slump in the domestic market, a trade association said Tuesday. According to the Korea Federation of Construction Contractors, 31 builders won new orders worth 18.8 trillion won ($17.6 billion) in the January-March period, compared with 20.9 trillion won a year ago. The builders’ d
IndustryMay 3, 2011
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FSS, BOK probe more banks
Authorities look to stem risks from currency speculationThe nation’s financial regulator and the central bank said Tuesday they would increase the number of banks dealing with foreign currency trading, which would be subject to their ongoing joint probe.The period of their joint inquiry into the foreign exchange banks will also be extended, according to the Financial Supervisory Service and the Ba
May 3, 2011
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Internet banking use rises 6.3% in Q1
The use of Internet banking in South Korea rose 6.3 percent in the first quarter from three months earlier as more people conducted financial transactions online, the central bank said Tuesday.Online banking transactions reached an average of 38.7 million per day in the January-March period, compared with 36.4 million the previous quarter, according to the Bank of Korea (BOK). The data is based on
TechnologyMay 3, 2011
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SKT increases network investment to new level
SK Telecom said Tuesday that it will invest an additional 300 billion won ($280.12 million) in network establishment this year, raising the total sum to 2.3 trillion won, up from 1.8 trillion won last year.This year’s investment portfolio, which amounts to 17.3 percent of expected sales for this year, is the largest amount ever chipped in by the country’s biggest mobile carrier. The company invest
IndustryMay 3, 2011
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Korea International School goes digital with MacBooks
SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world.“One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school wh
IndustryMay 3, 2011
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Hangeul domain names to debut
Registrations for Hangeul domain names accepted from this month amid douThe nation’s top telecommunications regulator announced Tuesday that it will begin accepting registrations for Korean-letter domain names later this month.The Korea Communications Commission said that the Korea Internet and Security Agency will be in charge of the registration process and it will first collect the preferred do
TechnologyMay 3, 2011
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Top 10 science & technology tasks in 2011
Korea needs to create opportunities for growth by reinforcing link between research and FTAsThis is the 44th in a series of articles introducing the Korean government’s R&D policies. Researchers at the Science & Technology Policy Institute will explain Korea’s R&D initiatives aimed at addressing major socioeconomic problems facing the nation. ― Ed.The science and technology community is filled wit
TechnologyMay 3, 2011
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Left-handers more likely to be fearful
(MCT)Left-handed people feel more fear than right-handers, recent research revealed. In a test reported by the Telegraph Sunday, people were asked to watch an eight-minute video clip from “Silence of the Lambs” and recall scenes from the horror thriller. The left-handed participants remembered only fragments of the scenes and their descriptions about them were filled with more repetition, showing
TechnologyMay 3, 2011
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Child millionaires get richer
The recent increases in Korean stock prices have boosted the number of child millionaires who are members of chaebol families.The number of under-12 children with assets of more than 100 million won ($95,000) totaled 87 as of April 29, according to chaebol.com, an Internet site specializing in information on family-owned conglomerates.The number increased from last year’s 79.Of them, 23 kids were
May 3, 2011
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S. Korea's reserves top $300 billion for first time
South Korea's central bank says the country's foreign reserves have topped $300 billion for the first time as the nation's key buffer against potential financial turmoil surged to its fourth straight record high.The Bank of Korea said in a statement Tuesday that the nation's official foreign reserves totaled $307.20 billion at the end of April. That was $8.58 billion higher than the previous recor
May 3, 2011
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Police investigating bomb threat
(Yonhap News)Police rushed to Samsung Electronics’ headquarters in southern Seoul Tuesday in response to an e-mailed bomb threat following the killing of Osama bin Laden. The Canadian unit of the electronics firm received an e-mail at 4 a.m. from an unidentified person who threatened to bomb Samsung’s main office and some Middle Eastern countries’ embassies in Seoul. The countries were Turkey, Pa
IndustryMay 3, 2011
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Eagle has phantom pregnancy
The eagle, thought to be having a phantom pregnancy, has sat on pebbles since last month at the shelter of a bird protection organization. (Yonhap News)An eagle, which never made it home due to a broken wing, is thought to be having a phantom pregnancy as it incubates pebbles instead of eggs, domestic reports said Monday. The eagle migrated to Korea 10 years ago from Mongolia to spend winter here
TechnologyMay 3, 2011
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Dollar falls below 1,070 won
Intervention effect may be minimal amid global trendThe won has been in a gaining spree in its value against the greenback, due to the U.S.’s cheap dollar-oriented policy as well as Korea’s increased trade surplus.The dollar closed at 1,065 won on Monday, down 6.5 won from a trading session earlier, posting the cheapest level since it slid to 1,062.5 won on Aug. 25, 2008.After being traded between
May 2, 2011
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Renault Samsung restores production back to normal levels
Renault Samsung Motors Co.’s plant in Busan will resume after-hours production and weekend operations, the company announced Monday.Extra production during weekdays resumed Monday, and weekend production will be resumed for eight hours each Saturday from May 14, the company said. Renault Samsung had stopped extra production after working hours since March 18 due to parts shortages caused by the Ma
IndustryMay 2, 2011
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KT&G launches ‘2nd generation’ This Plus
KT&G Corp., the nation’s largest tobacco producer, said Monday that it has extended the product line of its steady-selling brand This Plus.The firm is to start selling This Real and This Wild, which has higher tar content with 6.5 milligrams and 8 milligrams, respectively, on Tuesday. The original This Plus contains 5.5 milligram of tar. This WildKT&G, meanwhile, has changed the packaging of This
IndustryMay 2, 2011
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Security concerns rise over Wi-Fi networks
Security concerns involving the country’s wireless Internet networks are rising again following findings that global firms Google and Apple both used the Wi-Fi networks to collect user information.Two companies reportedly collected the location logs of their smartphone users from the wireless networks provided by local telecoms in Korea. The problem stems from many smartphone owners’ habit of conn
IndustryMay 2, 2011