Most Popular
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Raising bookworms or robots? Why private reading academies thrive
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What is South Korea’s 4B movement?
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Yoon struggles amid lowest approval rating
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LG Display unveils world's most stretchable display
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Korean shipbuilders upbeat on Trump’s call for collaboration
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LG eyes footing in aerospace with possible SpaceX deal
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Dialogue launches without junior doctors, main opposition
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Student backlash erupts as Dongduk Women's University weighs coed future
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Fire at Posco plant in Pohang extinguished, but raises safety concerns
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BTS’ Jin to spread happiness with 1st solo album ‘Happy’
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Study suggests beautiful people 'selfish by nature'
A new study suggests that people blessed with attractive symmetrical faces are less likely to be cooperative and more likely to be selfish.The Observer, a British Sunday newspaper, this week reported the result of research by Santiago Sanchez-Pages, who works at the universities of Barcelona and Edi
TechnologyAug. 14, 2011
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Electronic ‘tattoo’ may offer new flexible way to monitor brain, heart
Weightless, skin-like bandages with microelectronic components may one day replace the bulky monitors and electrode patches now used in hospitals to monitor patients’ vital signs, researchers said.Weightless, skin-like bandages with microelectronic components may one day replace the bulky monitors a
TechnologyAug. 12, 2011
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Taxi black boxes protect drivers but invade privacy
Local authorities and taxi operators have eagerly adopted event data recorders, commonly known as black boxes, to protect drivers involved in accidents.However, increasingly common use of such devices in taxis has also given rise to privacy issues. While automobiles are becoming increasingly tech-he
Aug. 12, 2011
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Korea considers options to stem stock volatility
South Korea’s financial authorities said Friday they were weighing options to stem stock market volatility in response to growing concerns over foreign “hot money” that allegedly exaggerates the market’s moves. The local regulators’ latest gesture to stabilize the local stock market came after they
Aug. 12, 2011
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‘Turkey hopes to sign FTA with Korea by yearend’
Turkey’s Economy Minister Zafer Caglayan said Friday his country hopes to sign the free trade agreement with Korea on product trading by the end of this year.“We have had our differences regarding product trading in the past, but it seems the issues have been taken care of in various aspects and the
IndustryAug. 12, 2011
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Seoul slams ‘biased’ foreign reports on Korea
South Korea’s top financial regulator on Friday slammed “biased” analyst reports on the country by foreign brokerages and asked them to “properly” inform the market of the economy’s resilience.“A few foreign securities companies have released reports that made arbitrary judgments about the Korean ec
Aug. 12, 2011
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Samsung, Hynix confront plunging chip prices
Lee Kun-hee speculated to focus on faltering memory spot businessSamsung Electronics Co., the world’s biggest memory chip maker, and eighth-ranked Hynix Semiconductor Inc. are bracing for a steeper price plunge in memory chip prices. Nomura Securities issued a report Friday that the majority of chip
TechnologyAug. 12, 2011
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Seoul shares drop 1.33% on foreign selling
South Korean stocks closed 1.33 percent lower Friday on continued foreign selling as rosy U.S. jobs data failed to boost weak investor sentiment, analysts said. The local currency gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slumped 24.13 points to 1,
Aug. 12, 2011
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Billionaire Soros' ex-girlfriend files $50m suit
George Soros (Bloomberg)NEW YORK (AP) -- The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50 million lawsuit.Adriana Ferreyr filed the suit in Manhattan court on Wednesday.The 28-year-old Br
IndustryAug. 12, 2011
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No further monetary tightening by S. Korea expected this year: Moody's
South Korea is expected to hold off on further monetary tightening for some time, probably for the rest of this year, amid growing confidence of bringing inflation under control, Moody's Analytics said Thursday."Monetary tightening has likely ended for this year," said Alaistair Chan, an economist a
Aug. 12, 2011
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Gunman opens fire in Estonian ministry
TALLINN, Estonia (AP) — A gunman opened fire inside Estonia's Defense Ministry and tried to take hostages on Thursday, but he apparently was shot and killed by police who stormed the building, an official said.The attacker entered the ministry in downtown Tallinn at midday, threw a smoke bomb,
Aug. 11, 2011
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U.S. stocks rise on small but positive economic signs
NEW YORK (AP) — Wall Street's wildest week since 2008 continued with another 300-point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy isn't headed into another recession.Fewer Americans joined the unemployment line last week and a techn
Aug. 11, 2011
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US stock futures fall again after another big drop
NEW YORK (AP) -- U.S. stock futures fell Thursday, following European markets lower and a day after another big drop on Wall Street.Worries have focused on the health of European banks, particularly those in France, this week. France's central bank said Thursday that the country's banks are solid an
Aug. 11, 2011
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Stocks strengthen for second day
The nation’s stock market saw gains for the second consecutive day amid emerging investor sentiment that the Korean economy is not critically exposed to external woes.The Korea Composite Stock Price Index climbed by 11.2 points from a day before to close at 1,817.44 though the index plunged during t
Aug. 11, 2011
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Lee stresses importance of foreign press briefings
President Lee Myung-bak has instructed the Finance Ministry to notify foreign investors of Korean financial markets’ capability to weather the European debt crisis, government officials said Thursday.Lee called for officials to carry out the mission by holding press conferences for foreign media dur
Aug. 11, 2011
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Is Korea’s ‘open’ market a curse?
Officials concerned about greater volatility from structural problemsOpenness in financial markets is supposedly a positive thing. But this rule does not exactly apply to Korea’s “open” stock market that has been fluctuating in a way deemed more volatile than that of its peers in Asia and elsewhere.
Aug. 11, 2011
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U.S. downgrade may hurt IT, auto exports: report
The U.S. credit rating downgrade is feared to hurt exports of South Korean-made information technology products and automobiles, a report by a private economic think tank said Wednesday.The Hyundai Research Institute report said last week’s move by Standard and Poor’s Ratings Services to cut its cre
Aug. 11, 2011
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Ministry denies report on fuel import from Japan
Officials at the Ministry of Knowledge Economy denied news reports that the government is considering importing petroleum products including gasoline from Japan in a bid to slash fuel prices.“We have no knowledge of petrol imports or any examination underway,” a ministry official told The Korea Hera
IndustryAug. 11, 2011
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Ticket Monster sale signals shift in industry
The selling of No. 1 social commerce giant Ticket Monster is signaling massive restructuring for the local fast-growing market, experts said Thursday. “This incident is deemed to become the beginning of an industrial restructuring,” said Ryu Han-seok, executive director of the TLC Institute, who is
IndustryAug. 11, 2011
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SK Comm. under fire for poor security
Company to unveil additional plan to counteract recent security breachSK Communications said Thursday it is getting ready to release its second set of countermeasures as early as this week, following the country’s worst security breach.On Thursday, police confirmed that a hacker used an Internet Pro
IndustryAug. 11, 2011