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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Asiana lounge in Incheon named best in Asia-Pacific
Asiana Airlines said Sunday the company’s lounge in Incheon International Airport was picked as the best lounge in the Asia-Pacific region by Priority Pass.The country’s No. 2 air carrier said that its lounge, located on the third floor of the departure section at the airport, was named the Priority Pass lounge of the year in Asia-Pacific, after the group conducted an annual online vote. People r
IndustryMay 1, 2011
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Paralyzed Nonghyup banking system normalized
The nation’s largest banking network at Nonghyup has been normalized since Saturday after weeks of paralysis, which prosecutors suspect was caused by a cyber attack from North Korea.South Korea’s prosecution reportedly said they found evidence of break-ins by Internet Protocol addresses similar to that of the hacker hired by North Korea for the 2009 cyber attack of the presidential office Cheong W
May 1, 2011
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[News Focus] Doubts plague new ‘Cinderella’ law
Rule to limit access to video games likely hard to enforceThe National Assembly passed a controversial bill to ban teenagers from accessing online games midnight last Friday. But parliament is immediately facing criticism about the measure’s effectiveness. The law goes into effect in November. Critics are raising doubts about effectiveness as user information, such as the age of registered people
IndustryMay 1, 2011
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Renault cars get SKT-developed navigation
Renault Samsung Motors Co. announced on Wednesday that a new vehicle navigation system developed in collaboration with SK Telecom will be applied across its lineup from 2012.The carmaker said that it has been working with SK Telecom, the country’s largest mobile telecom service provider, since December to develop a new navigation system.According to the company, the new system was developed as a “
MobilityMay 1, 2011
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Porsche to launch limited 911 GT3 RS 4.0
The German high-performance specialist Porsche will be introducing the 911 GT3 RS 4.0. Limited to 600 vehicles, the 911 GT3 RS 4.0 is fitted with a six-cylinder, 4-liter engine capable of putting out 500-brake horsepower. 911 GT3 RS 4.0The 911 GT3 RS 4.0, fitted with a six-speed sports transmission, can reach 100 kilometers per hour in 3.9 seconds and double its speed in under 12 seconds. The veh
MobilityMay 1, 2011
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Mercedes holds Children’s Day event
Children’s Day may fall on May 5, but Mercedes-Benz Korea will be celebrating the occasion all month.Throughout May, the company is offering a discount of up to 30 percent on Mercedes-Benz collection bicycles and pedal cars for children. The company is also holding a drawing competition for Mercedes-Benz owners’ children under age 9. The competition is open from May 2-27. Three winners will be giv
MobilityMay 1, 2011
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New Bentley Continental GT hits Korea
Bentley Korea launched the new Continental GT on the local market on Wednesday. The new Continental GT is fitted with a 6-liter twin turbo engine that puts out 575-brake horsepower, 15-brake horsepower more than the engine used in the previous version. The new Bentley Continental GTThe new Bentley’s speed tops out at 318 kilometers per hour, and requires 4.6 seconds to reach 100 kilometers per hou
MobilityMay 1, 2011
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Sales campaign for small motorcycles
Honda Korea is holding a sales campaign for small motorcycles until the end of May.During the period, the company is offering two coupons for free checkup services on all Honda motorcycles with engine displacements of 125 cubic centimeters or less. Models eligible for the promotion include the scooters PCX and SCR110, and the CBR125R sports motorcycle. Honda PCXThe coupons also cover free engine o
MobilityMay 1, 2011
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Korea to be first market for Chevrolet Malibu
GM Korea Co. on Friday it would be the first to begin producing GM’s new Malibu midsized sedan.The company said that the new model will go into production at its plant in Bupyeong, Incheon during the third quarter of the year. Chevrolet Malibu (GM Korea Co.)Korea will also be the first among the 100 countries where the vehicle will be marketed to see the Malibu launched, the company said. The Mali
MobilityMay 1, 2011
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Hyundai, Kia: best family cars in U.S.
Hyundai Motor Group’s two carmakers Hyundai Motor Co. and Kia Motors Corp. announced Wednesday that two of their vehicles were selected as “Best Cars for Families 2011” by the U.S.-based business magazine Kiplinger. Hyundai Sonata Kia Sorento RAccording to the two Korean carmakers, the magazine selects vehicles included in the IIHS’ Top Safety Pick and rates them on a range of categories including
MobilityMay 1, 2011
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China jails 14 in tainted milk case
BEIJING (AP) ― Chinese courts have sentenced 14 people to prison for producing or selling melamine-tainted milk powder, news reports said Saturday, highlighting Beijing’s struggle to stamp out rampant sales of phony or tainted food and medicine.Three years after use of melamine in infant formula killed six babies and prompted a shake-up of China’s dairy industry, authorities still are seizing tons
IndustryMay 1, 2011
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Obama calls for end to oil firm tax breaks
Expecting soaring pump prices, U.S. keeps up push to end tax breaks for oil, gas companiesWASHINGTON (AP) ― President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.“These tax giveaways aren’t right,” Obama said in his weekly radio and Internet address Saturday. “They aren’t smart. And
IndustryMay 1, 2011
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S. Korea's trade surplus reaches $5.82 bln in April
South Korea's trade surplus reached $5.82 billion in April up sharply from US$2.78 billion the previous month amid brisk exports, a government report showed Sunday.April marks the 15th straight month that the country has posted a favorable balance. Exports rose 26.6 percent on-year to $49.77 billion last month, with imports rising 23.7 percent to $43.95 billion, according to the report by the Mini
May 1, 2011
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Seoul shares likely to be range-bound next week
South Korean stocks are expected to trade in a tight range next week as investors will likely take a breather after the benchmark index's sharp rise, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,192.36 on Friday, down 0.25 percent, or 5.46 points, from one week ago.Although the KOSPI finished this week lower, the market staged a rally during the whole
April 30, 2011
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Industries for smaller players to be chosen
A semi-government committee on mutual growth said it will select in August the industries conglomerates would be discouraged from entering or expanding in to give their smaller counterparts more opportunities.At their meeting in Seoul, the members, led by former Prime Minister Chung Un-chan, said for now, they have confirmed the selection guidelines and will be choosing the industries based on how
IndustryApril 29, 2011
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7 savings banks to be auctioned off
Regulators plan to select preferred bidders in JuneThe nation’s top financial watchdog decided Friday to put seven debt-saddled savings banks up for auction to find preferred bidders among bigger financial companies.“After conducting due diligence on them and launching the bidding process in May, we plan to pick preferred bidders in June,” the Financial Services Commission said in a statement.The
April 29, 2011
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Hana Daetoo, Wise Asset rapped
Financial regulators on Thursday issued sanctions against a Korean asset management firm and a brokerage house for incurring huge losses after allegedly making reckless investments in stocks last November.The Financial Supervisory Service held a committee meeting where they fine-tuned the level of penalties they would levy against Wise Asset and Hana Daetoo Securities for their alleged negligence
April 29, 2011
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STX Group sets sights on seventh-biggest spot
DALIAN, China ― STX Group aims to become one of South Korea’s seven largest conglomerates in terms of assets by 2020, the company announced in Dalian on Friday.The business group revealed its “Vision 2020” plan to coincide with the conglomerate’s 10 year anniversary event held in the Chinese city. Among other things, the plan calls for increasing the group’s annual sales to 120 trillion won ($112
IndustryApril 29, 2011
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Samsung profit lowest in 7 quarters
World’s top memory chipmaker sees tough conditions in coming quarterSamsung Electronics Co. said Friday it logged 2.95 trillion won ($2.7 billion) in net profits for the first quarter of this year amid globally weak demand for flat panels and TVs sets. It is a 33 percent decline from the same period last year and it is the lowest operating profit in seven quarters.Its sales stood at 36.99 trillion
IndustryApril 29, 2011
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Jesus problem led Russian genius to Poincare
MOSCOW, (AFP) - The reclusive Russian maths genius who solved one of the world's most perplexing mysteries said in a rare interview Thursday that he began his training by figuring out how Jesus walked on water.Grigory Perelman shot to international fame by solving the seemingly intractable Poincare conjecture and then turning down the million-dollar prize awarded in the mathematics world's version
TechnologyApril 29, 2011