Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Man who let his father die due to financial difficulties to be released on parole
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Actor Yoo Ah-in accused of sexual attack
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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Korea’s only women’s cancer center leaps forward
New director expects to attract breast cancer patients from Asian nationsRenowned breast cancer specialist Paik Nam-sun has never hesitated to try something new. Despite the doubts of his colleagues, he carried out Korea’s first breast-conserving cancer surgery in 1986. He is also among the Korean doctors to have treated the largest number of foreign patients at more than 15,000 cases. Paik, now 6
TechnologyMay 26, 2011
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Boy bald after pulling out hair
A boy from Iowa who is only 11 has apparently gone bald after pulling out his hair.The child suffers from trichotillomania, a mental disorder that makes patients compulsively pull out their own hairs.“He started to pull out his eyebrows when he was in second grade, then he quit. Then, when he started fourth grade, he started to pull out his hair,”his mother told ABC.It is known that this type of a
TechnologyMay 26, 2011
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Watching too much 3-D TV could harm eyes: report
Samsung 3-D TV (Yonhap News)Watching too much 3-D TV could harm kids’ eyes, NBC reported, citing Samsung’s warning which states children and teenagers may be more at risk of having vision problems or seizures if they watch too often.Ophthamologist Dr. Gregory Haffner said in the interview with NBC that as kids’ eyes are in the developmental stages until age 10 and watching 3-D TV may alter the way
TechnologyMay 26, 2011
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Samsung products to be sent to Apple after patent ruling
Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the
IndustryMay 25, 2011
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SKT to open T-Store in China, Japan
SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr
IndustryMay 25, 2011
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Companies fear loss in profit on won ascent: poll
A majority of Korean businesses believe their earnings will worsen this year due to the local currency’s ascent against the U.S. dollar, a poll showed Wednesday.According to the survey by the Federation of Korean Industries, 55.9 percent of respondents said the local currency will likely trade at a band of 1,000 won to 1,050 won to the greenback this year, up from the 2010 average of 1,156 won.The
May 25, 2011
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Household debt threatens bank industry
BOK report shows debts surpassed 800 trillion won for the first time in Q1 of the yearSnowballing household debts have emerged as a main factor undermining financial status of the middle- and low-income brackets of the local banking industry.According to the Bank of Korea, the nation’s household debts have surpassed 800 trillion won for the first time during the first quarter of the year.Outstandi
May 25, 2011
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Shares fall 1.26% on eurozone woes
Korean stocks finished 1.26 percent lower on Wednesday as foreigners extended their selling amid concerns over Europe’s debt risks, analysts said. The local currency lost ground against the U.S. dollar.After starting higher, the benchmark Korea Composite Stock Price Index slumped 25.89 points to 2,035.87. Trading volume was moderate at 341.8 million shares worth 6.84 trillion won ($6.2 billion), w
May 25, 2011
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Finance chief-nominee to prioritize inflation fight
Finance minister nominee Bahk Jae-wan said the fight against inflation will stay as the priority with focus on flexible macroeconomic measures, revealing his intention to maintain the policy stance currently in place.Answering questions at the parliamentary confirmation hearing on Wednesday, Bahk said he will try to make people in the middle class and low-income brackets feel the improving busines
May 25, 2011
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Korea should be watchful of uncertainties: experts
Korea should be alert against economic uncertainties at home and abroad, such as the eurozone debt crisis and household debt, as they will serve as downside risks to the growth path, experts said.The Korean economy has maintained its upward momentum, aided by sustained exports, but its growth path is fraught with a set of economic uncertainties, which warrant a close watch, experts said in a month
May 25, 2011
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Korea to get tougher on ‘unfair trading’
Korea plans to clamp down on stock market manipulation and trading on undisclosed information after $26 billion was wiped from the value of the nation’s listed companies in a matter of minutes last November.The Financial Services Commission is drafting revisions to capital-markets laws to increase penalties, said Ernst Lee, a spokesman at the regulator. The revisions, which will require approval b
May 25, 2011
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Hana calls emergency meeting on Lone Star
Board to discuss on eurozone woes possible extension of KEB takeover dealHana Financial Group plans to hold an emergency board meeting as early as this week to conclude the issue on whether to extend the expiry date of a takeover deal with U.S. Lone Star Funds.The initial contract between Hana and Lone Star to trade shares of Korea Exchange Bank expired on May 24 and they have all been entitled to
May 25, 2011
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[Herald Interview] Chile beckons Korean entrepreneurs
Recent university graduates face the daunting task of figuring out what to do with the rest of their lives. Chile might have an answer for graduates with tech ideas. “Startup Chile is a program that’s aimed to attract innovation and obtain the positive spillover effects of technology ventures,” said Chile Executive Vice President of the Foreign Investment Committee Matias Mori.The idea is to attra
IndustryMay 25, 2011
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[Herald Interview] Zippo to ignite new flame in Korea: exec
Zippo, most widely known in Korea and around the world for its portable lighters dating back to the second world war, is aiming to rebrand in efforts to reach out to more consumers in search of individuality.“On a global basis, Zippo is moving aggressively from a lighter manufacturing company to a lifestyle products marketing company,” David B. Warfel, the global marketing director of Zippo Manufa
IndustryMay 25, 2011
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How do Korean CEOs cope with stress?
Top businessmen seek extreme sports, photography and paintings to relieve tensionWhen talking about the country’s top businessmen, stress may seem to come with the job. While a great motivator, stress can cripple not only physical and emotional health but also concentration and creative thinking. To tackle such risks, CEOs adopt various strategies. It can be extra work in some cases, or extreme sp
IndustryMay 25, 2011
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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)‘Apple COO Tim Cook visited Korea to discuss bilateral cooperation’ Apple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as m
IndustryMay 25, 2011
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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)Apple COO Tim Cook visited Korea to discuss bilateral cooperationApple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as many
IndustryMay 25, 2011
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Peugeot 508 makes Asia-premier debut in S. Korea
Hanbul Motors Corp., the local importer and distributor of French automaker PSA Peugeot Citroen, introduced the new Peugeot 508 in South Korea on Wednesday, also marking the vehicle's Asia debut. The passenger sedan comes in two trims -- the chaste Allure version with a 2.0-liter engine and the sportier GT version with a 2.2-liter HDi engine. The Peugeot 508 Allure has a maximum horsepower
MobilityMay 25, 2011
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Brooding men, smiling women seen as sexy: study
TechnologyMay 25, 2011
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5 pct of youth vulnerable to Internet addiction: study
About 5 percent of South Korean youths are vulnerable to Internet addiction, a government study showed Wednesday. According to a joint report on Internet usage of 1.81 million students by the Ministry of Gender Equality and Family and the education ministry, 89,755, or 4.9 percent, were deemed at risk of falling into cyber addiction. Of those, 23,085 were put in the high-risk category, while
TechnologyMay 25, 2011