Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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Korea ranks 5th in global auto production
Korea retained its status as the world’s fifth-largest automaking nation last year with over 4.2 million vehicles produced, a local industry body said Tuesday.The country’s five automakers produced some 4,272,000 cars in 2010, up 21.6 percent from a year earlier, according to the Korea Automobile Manufacturers Association (KAMA).China, the world’s largest market for automobiles, became the world’s
Feb. 15, 2011
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Lee tapped to serve 2nd term as Woori chief
Woori Finance Holdings Co., Korea’s No. 2 financial services company, on Tuesday nominated its incumbent chairman to remain at the helm, which analysts say will help accelerate the stalled privatization of the state-run banking group.The group’s ad hoc chairman selection committee chose incumbent Woori Finance Chairman Lee Pal-seung, 67, as the new chairman nominee, allowing him to serve another t
Feb. 15, 2011
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Foreign investors see KT shares as ‘undervalued’
HONG KONG (Yonhap News) ― Shares of Korean telecom giant KT Corp. are seen as undervalued among foreign investors, as Korea’s telecom industry is expected to further expand, boosted by smartphones, financial sources here said Monday.“Institutional investors in Hong Kong as well as in Singapore are looking into opportunities to buy KT shares, as they consider those shares are substantially underval
Feb. 15, 2011
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Korea posts trade surplus for 12 straight months in Jan.
Korea posted a trade surplus for 12 straight months in January, driven by robust exports of ships and vehicles, the nation’s customs office said Tuesday.The trade surplus amounted to $2.92 billion last month, according to data provided by the Korea Customs Service. This marked the 12th consecutive month of surplus since February 2010.Exports totaled $44.68 billion, up 45.4 percent from a year earl
Feb. 15, 2011
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Imports of crude, oil products soar in 2010
Korea’s imports of crude and refined oil products surged in 2010 from a year earlier, fueled by greater local and export demand, a government report showed Tuesday.According to the report by the Ministry of Knowledge Economy, the country brought in $89.6 billion worth of crude and refined oil products last year, compared with $65.5 billion the previous year.Crude imports jumped 35.4 percent on-yea
Feb. 15, 2011
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Finance minister warns of growing inflation burden
Korea’s economy could face a “burden” from growing inflationary pressure, the nation’s top economic policymaker said Tuesday, stressing that the government will push to head off price instability.“If raw material prices continue to rise, it could pose a burden on our economic recovery,” Finance Minister Yoon Jeung-hyun was quoted as saying during a meeting with other key policymakers.“In the short
Feb. 15, 2011
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Artificial retina helps some blind people
LONDON (AP) ― For two decades, Eric Selby had been completely blind and dependent on a guide dog to get around. But after having an artificial retina put into his right eye, he can detect ordinary things like the curb and pavement when he’s walking outside.“It’s basically flashes of light that you have to translate in your brain, but it’s amazing I can see anything at all,” said Selby, a retired e
TechnologyFeb. 15, 2011
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LG hopes to sell 30m smartphones in 2011
BARCELONA, Spain (Yonhap News) ― LG Electronics Inc., the world’s besieged No. 3 cell phone maker, aims to more than quadruple its smartphone sales from last year to 30 million units in 2011 in a bid to revive its money-losing mobile business, a company executive said Tuesday.LG will also lift its overall mobile phone sales by 30 percent to 150 million units, aiming to outnumber the industry’s sta
TechnologyFeb. 15, 2011
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MS says to bring full power of Web to phones
Multitasking, speedy IE9 coming to windows phoneBARCELONA (AFP) ― Microsoft announced Monday an Internet-friendly revamp of its Windows Phone operating system to help capture new territory in the smartphone wars.Microsoft chief Steve Ballmer unveiled a series of improvements this year to Windows Phone, which got a major boost last week when it was adopted by leading handphone maker Nokia.The softw
IndustryFeb. 15, 2011
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EU ministers agree on larger bailout fund
Eurozone to put up $674b for post-2013 bailout fund, disagreement over debt crisisBRUSSELS (AP) ― European finance ministers decided Monday to provide 500 billion euros ($674 billion) for a new crisis fund that will come into force in 2013, but continued to fight over the best way to combat the current debt crisis that has crippled the eurozone over the past year.The ministers “agreed on the provi
IndustryFeb. 15, 2011
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Hyundai Heavy adds to SMEs R&D support
The world’s largest shipbuilder Hyundai Heavy Industries announced on Tuesday that it would set up a 30 billion won ($27 million) fund for supporting small and medium sized enterprises’ research and development efforts in collaboration with the Small and Medium Business Administration.The shipbuilder and the Small and Medium Business Administration will each be responsible for raising 15 billion w
IndustryFeb. 15, 2011
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Shinhan starts work to restore image
New chairman to put group in gear for competition with KB, WooriHan Dong-woo, nominated to head Shinhan Financial Group, faces the daunting challenge of restoring the group’s reputation and mending in-house frictions. The former vice chairman of the group’s insurance unit was tapped as the next chairman of the nation’s third-largest financial group Monday.Shinhan has suffered a management crisis d
Feb. 15, 2011
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Seoul left behind in bourse consolidation
Global stock exchange tie-ups to reduce trading options for Korea ExchangeA fresh wave of international stock exchange integration poses a bigger challenge to Korea Exchange lagging behind in trading infrastructure and networks with major global players, analysts said.Three major alliances are under way among top bourses in the U.S. and Europe representing more than 40 percent of the world’s trade
Feb. 15, 2011
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Will mobile messengers end texting?
Competition among mobile messenger operators to get more fierceKim Ji-young was dumbfounded to find out that she had not used up all of her mobile text messages when she checked her monthly plan last month.It was unusual for the 30-year-old to be in this situation, for she would normally be charged 10,000 to 20,000 won ($8.88-$17.78) more per month, just on text message fees.When asked what kept h
TechnologyFeb. 15, 2011
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NASA spacecraft speeds toward comet encounter
WASHINGTON, (AFP) - A NASA spacecraft is just hours from its long-anticipated encounter with a comet, and skywatchers hope the flyby will shed light on how the comet's surface has changed since it skimmed by the Sun in 2005.The US space agency's Stardust-NExT mission spacecraft "is within a quarter-million miles (402,336 kilometers) of its quarry, comet Tempel 1, which it will fly by tonight," NAS
TechnologyFeb. 15, 2011
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NASA spacecraft speeds toward comet encounter
WASHINGTON, (AFP) - A NASA spacecraft is just hours from its long-anticipated encounter with a comet, and skywatchers hope the flyby will shed light on how the comet's surface has changed since it skimmed by the Sun in 2005.The US space agency's Stardust-NExT mission spacecraft "is within a quarter-million miles (402,336 kilometers) of its quarry, comet Tempel 1, which it will fly by tonight," NAS
TechnologyFeb. 15, 2011
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Samsung to release low-end smartphone
Device will be priced below $150; company aims to sell 300m cell phones, 7.5m tablet PCs and 6m samrtphones this yearBARCELONA, Spain (Yonhap News) ― Samsung Electronics Co., the world’s No. 2 cell phone supplier, plans to release a cheaper smartphone in an effort to sharply boost its smartphone sales by meeting rising demand for lower-end phones, its mobile chief said Monday. “This year, we will
IndustryFeb. 15, 2011
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Obama lauds S. Korea for wider access to broadband Internet
WASHINGTON, (Yonhap) -- U.S. President Barack Obama on Monday called for more investment in building infrastructure to catch up with South Korea and other outperforming countries.In a message to Congress attached to his budget for the 2012 fiscal year, Obama said the U.S. "lags behind other nations when it comes to the infrastructure of the future," noting that "only 63 percent of American househo
TechnologyFeb. 15, 2011
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S. Korea's female workers up in 2010 on economic recovery
The number of female workers in South Korea grew in 2010 as the economic recovery boosted employment among women job seekers, data showed Tuesday.The average number of female workers came to 9.91 million last year, up 142,000 from a year earlier, according to the data offered by the Ministry of Strategy and Finance and Statistics Korea.Female workers have been on a steady increase in recent years
Feb. 15, 2011
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US sees China as top economy: poll
WASHINGTON, (AFP) - Most Americans believe China is the world's leading economy, even though in reality the rising Asian power's GDP trails that of the United States, a poll said Monday.Some 52 percent of Americans said China was the "leading economic power in the world today," against 32 percent who said their own country, the Gallup poll said. The percentage who said China has soared over recent
Feb. 15, 2011