Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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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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Experts raise concerns about Japan putting pressure on Naver over Line
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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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S. Korea, Japan could consider simplified entry agreement: Seoul official
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Legoland Korea Resort to open until 9 p.m.
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[Weekender] How DDP emerged as an icon of Seoul
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EU parliamentary panel endorses Korea FTA
BRUSSELS (AFP) ― A key European parliament committee endorsed Monday a major free trade deal with Korea after securing safeguards to protect Europe’s auto makers.The International Trade Committee voted overwhelmingly, 21-4, to send the deal, hailed as the most ambitious free trade pact ever negotiated by the European Union, to the full parliament for a final vote.Doubling EU trade with Korea, the
Feb. 8, 2011
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Samsung’s share in N. American cell phone market hits record
Samsung Electronics Co., the world’s second-largest mobile phone maker, maintained its lead in the North American cell phone market last year with a record share, industry data showed Tuesday. Samsung shipped 58.4 million cell phones in 2010 in the United States and Canada, claiming 30.2 percent of the handset market there, according to the data by market research firm Strategy Analytics, Inc. The
TechnologyFeb. 8, 2011
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Banks eye Asian credit card markets
Korea’s banking giants are tapping China, Vietnam and other Asian countries as they wade through competition in the highly saturated local credit card market, industry watchers said Tuesday.The overseas push comes as Korean card firms have been beefing up their marketing expenses in a bid to lure more subscribers with spin-offs and new entries expected to further intensify competition to grab a bi
Feb. 8, 2011
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Economy faces risks despite recent pickup
Korea‘s economy still faces many uncertainties despite its recent rebound, a government report said Tuesday, urging more efforts to achieve a “sustained” recovery by coping with lingering downside risks at home and abroad. Debt problems in advanced nations, growing inflationary pressure in emerging countries and unrest in the Middle East are cited as downside factors that could weigh on the Korean
Feb. 8, 2011
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Internet banking use up 27 percent last year
The use of Internet banking in Korea rose 27 percent last year from a year earlier as more people conducted financial transactions online for convenience, the central bank said Tuesday.Online banking transactions reached 33.7 million per day on average in 2010, compared with 26.5 million the previous year, according to the Bank of Korea. The data is based on users checking financial records, trans
TechnologyFeb. 8, 2011
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Kindle puts readers and friends on same page
SAN FRANCISCO (AFP) – Amazon on Monday released a preview version of a Kindle software update that puts electronic book readers on the same page with friends still clinging to ink and paper works.Page numbers in tens of thousands of Kindle digital books, including bestsellers, have been matched with those in real-world copies of the titles.“Our customers have told us they want real page numbers th
TechnologyFeb. 8, 2011
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AOL steps up news, ad push with Huffington Post
SAN FRANCISCO (AP) ―AOL Inc.’s $315 million deal to buy news hub Huffington Post signals that it is serious about building its profile as a media company as its legacy dial-up Internet business dies away.The acquisition announced Monday is AOL CEO Tim Armstrong’s most aggressive play so far as he tries to reshape a fallen Internet icon and boost efforts in news and online advertising. It is the la
TechnologyFeb. 8, 2011
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Android tops iPhone in U.S.
WASHINGTON (AFP) ― Google’s Android surged past Apple’s iPhone last quarter and is closing in on the Blackberry as the most popular smartphone platform in the United States, market tracking firm comScore said Monday.According to comScore, 63.2 million Americans owned smartphones at the end of December, up 60 percent from a year earlier. An Apple Inc. iPhone 4 (front) and a Sony Ericsson Xperia X10
IndustryFeb. 8, 2011
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Central government to directly manage rivers
The central government plans to tighten its grip on the management of water resources nationwide in a move apparently aimed at expediting its controversial river renovation projects. The work to clean up and develop Han, Nakdong, Geum and Yeongsan rivers has been delayed by the recalcitrant provincial governments in charge of them. The Ministry of Land, Transportation and Maritime Affairs said Tue
Feb. 8, 2011
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KT to buy 20% of BC Card to expand mobile services
KT Corp., Korea’s largest phone and Internet company, agreed to buy a 20 percent stake in BC Card Co. from Woori Bank to expand into mobile-payment services.Woori will have the option of buying back a portion of the stake if KT begins its own credit-card business, Lee In Won, a spokesman for the Seongnam, Korea-based phone carrier, said Tuesday. The deal is subject to further internal approval, he
Feb. 8, 2011
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G20 sherpa Rhee to move to ADB
Rhee Chang-yong, vice-chief of the G20 Preparation Committee is nominated as an economist at the Asian Development Bank, the Finance Ministry said Tuesday.The post makes Rhee, the second Korean economist at the regional lender after Lee Jong-hwa, presidential economic aide. Rhee Chang-yongRhee has a bachelors degree in economics from Seoul National University. He served in numerous private posts
Feb. 8, 2011
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Investor exodus continues in bond market
The Korean bond market continues to see an outflow of funds for a third month as investors flee to capture rising yields elsewhere and tab on bullish equities. The investor exodus is led by foreigners who were fast to exit the market to avoid a revived tax of as much as 14 percent on interest income which Seoul imposed in January to limit capital inflows. Analysts attributed the continued price de
Feb. 8, 2011
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4G LTE-A network expected to make life easier
Imagine yourself using your smartphone to download a movie during a single bus journey.In addition to the longer time required to complete the download, one could consider himself or herself lucky if it is completed in a single go with the current third generation networks.The government announced late last month that the state-run Electronics and Telecommunications Research Institute in Daejeon d
TechnologyFeb. 8, 2011
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Ballmer is cleaning up house
MS CEO reportedly planning management reshuffle for tech expertiseMicrosoft Corp. Chief Executive Officer Steve Ballmer plans to extend a management reshuffling aimed at adding senior product executives with an engineering background, two people with knowledge of the decision said.Changes may be announced this month, said one of the people, who declined to be named because the plans are private. L
IndustryFeb. 8, 2011
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Sales of imported vehicles surge 35.8 pct in Jan.
Foreign vehicle brands in South Korea saw a large boost to their sales last month, flashing a green light to their goal of selling over 100,000 cars in the local market for the first time, a local trade association said Tuesday. A total of 8,659 imported vehicles were sold here in January, up 35.8 percent from the same period last year, according to the Korea Automobile Importers and Distribu
MobilityFeb. 8, 2011
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140,000 calorie burger goes viral on YouTube
A video clip, entitled “The Sloppy Roethlisberger -- Epic Meal Time,” has become an Internet hit on YouTube, drawing nearly 1.5 million viewers after it was posted on Feb. 1 ahead of this year’s Super Bowl, the British Metro reported. The video features the Epic Meal Time crew introducing the 24.5 kilogram jumbo burger that includes 9 kilograms of bacon, 6 kilograms of ground beef and 5 kilograms
Feb. 8, 2011
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Public service rates up despite anti-inflation efforts
Prices of public services in Korea grew at the fastest pace in more than four years in January, adding to burdens in the daily lives of low- and mid-income people, data showed Monday.According to the data offered by the finance ministry and the statistics agency, the average prices of the nation’s 32 major public services, including heating gas and tap water, rose 0.9 percent last month from Decem
Feb. 7, 2011
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Stock market cap returns to $1tr level
Korea’s stock market capitalization returned to the $1 trillion level for the first time in three years in 2010 as an economic recovery and corporate profit gains led to strong rallies, the bourse operator said Monday.The country’s total market cap of its main board and the tech-heavy junior market reached $1.92 trillion at the end of 2010, up 30.8 percent from a year earlier, the Korea Exchange s
Feb. 7, 2011
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Korea’s foreign reserves hit new high in January
Korea’s foreign exchange reserves rose to a fresh high in January as a soft U.S. dollar bolstered the conversion value of assets in other currencies, the central bank said Monday.The country’s foreign reserves reached $295.96 billion as of the end of January, up $4.39 billion from the previous month, according to the Bank of Korea.The reserves rose for the second straight month in January, surpass
Feb. 7, 2011
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Regular workers hit record high in 2010
The number of regular workers in Korea reached an all-time high last year as businesses increased their number of longer-term workers amid rebounding economic conditions, data showed Monday.The number of workers who remained employed for a year or longer totaled 10.09 million last year, the highest since related statistics started to be compiled in 1989, according to the data provided by the finan
Feb. 7, 2011