Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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First lady’s Dior bag scandal to be at center of Assembly audit
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Firefighters’ 3,000 won meals spark nutrition concerns
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[KH Explains] Can G-Star level up?
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Seoul to levy tax for transactions among affiliates
The government is to toughen its crackdown on conglomerates’ irregular support for affiliates, often used to evade taxes and hide the transfer of owners’ wealth to their siblings. The Ministry of Strategy and Finance said Thursday the government will widen its investigation into and levy new taxes on corporations unfairly giving orders to subsidiaries. As part of the government’s commitment to est
March 31, 2011
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Telecoms apply for frequency bandwidths
Three major telecom operators submitted applications to the government on Thursday for reassignment of frequency bandwidths to offer the current 2G communication services and prepare for the next generation of network technologies.As the 10-year period for the frequency band expires in June, SK Telecom, KT Corp. and LG Uplus said they asked the Korea Communications Commission for the frequency ban
IndustryMarch 31, 2011
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Panel-makers shifting to cell-type panels
Samsung Electronics, the world’s No. 1 television-maker, is expected to be among the global TV manufacturers forced to sell more cell-type LCD panels due to increasing demands from set-makers who are worried about hostile TV market conditions. “Cell-type panels are soon going to be a substantial trend as more and more set-makers want to reduce costs in the face of the far-from-friendly market cond
IndustryMarch 31, 2011
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Oil prices, nuclear fears to boost solar energy
The protracted nuclear crisis in Japan and sky-high oil prices are lending fresh impetus to the solar power industry.Shares of solar energy firms have soared recently amid rising safety concerns about atomic energy. Analysts are increasingly optimistic of the prospect of Korean companies increasing investment in the sector to catch up with global rivals.Solar power came into prominence with global
IndustryMarch 31, 2011
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BOK vacancy adds deadlock risk to inflation war
The longest vacancy on the Bank of Korea’s monetary board since 1998 raises the risk of policy deadlock as officials struggle to tame inflation while maintaining growth. The seat held by Park Bong-heum, a former budget and planning minister appointed by President Lee Myung-bak’s predecessor, has been empty since April 2010. The lack of a seventh member means deadlocks on interest- rate decisions a
March 31, 2011
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Samil PwC looks to global markets
Samil PricewaterhouseCoopers is seeking to strengthen its global accounting and consulting services as the nation’s largest accountancy marks its 40th anniversary.Chairman Ahn Kyung-tae will unveil the roadmap to become a specialized global player in an anniversary ceremony on Friday.The firm stressed that advancing into the global market is not an option but a necessity.“Samil dispatched skilled
March 31, 2011
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KORES to launch nickel production at Madagascar mine
State-run Korea Resources Corp. said Thursday that it would start production at a nickel mine in Madagascar this year, which is expected to push the country’s self-sufficiency rate for the mineral to over 60 percent.KORES and consortium partners including Sumitomo Corp. and Sherritt International Corp. held a ceremony Wednesday marking the completion of the Ambatovy mine facilities. Since signing
IndustryMarch 31, 2011
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Forum on ‘green’ networking
GreenTouch, a global consortium of wireless service operators, research institutions and non-governmental groups, said Thursday it would hold a forum on sustainable networks and climate change in Seoul next week.The forum, which will take place at Seoul National University on April 8, will unveil the scope of key GreenTouch projects and showcase a proof of concept technology called the GreenTouch
IndustryMarch 31, 2011
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Mahindra says committed to long-term stake in Ssangyong
Mahindra and Mahindra Ltd. has no intention of selling any of its stake in Ssangyong Motor Co. in the near future, and will fully support Ssangyong’s revival, Mahindra and Mahindra vice chairman Arnand Mahindra said Thursday.Speaking at a press conference on the sidelines of the Seoul Motor Show in Goyang, Gyeonggi Province, Mahindra said that his company has a track record of turning companies ar
IndustryMarch 31, 2011
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Obama sets ambitious goal to cut oil imports
Reviving elusive target, Obama calls for one-third reduction in U.S. oil imports by 2025WASHINGTON (AP) ― President Barack Obama on Wednesday called for a one-third reduction in U.S. oil imports by 2025, reviving a long-elusive goal of reducing America’s dependence on foreign supplies as political unrest rocks the Middle East and gasoline prices rise at home.Tackling an issue that has vexed nearly
IndustryMarch 31, 2011
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G20 highlights conflicts over currency
Group’s talks in China focus on monetary reforms, as players clash on currency, other issuesNANJING, China (AP) ― Conflicts over exchange rate policy surfaced Thursday at talks by finance mandarins from the Group of 20 leading economies, with both the U.S. Treasury Secretary and French President Nicolas Sarkozy urging greater flexibility as a strategy for avoiding future crises.Despite Beijing’s i
IndustryMarch 31, 2011
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Rheumatism drug Embrel price slashed
Wyeth Korea said Wednesday that it has reduced the price of its rheumatism medication, Embrel, by 5 percent.As the Ministry of Health and Welfare has decided to cover 90 percent of the medication fee through the national health insurance, the price of the drug will be set to less than 100,000 won a month, the drug distributor said. Previously, the national health insurance covered 90 percent of th
TechnologyMarch 31, 2011
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SNU hospital opens new cancer center
Seoul National University Hospital opened a new cancer center last week. The SNU hospital is the latest addition to the boom in cancer-centers. With SNU famed in Korea for its advanced diagnostic techniques, the center is expected to raise the overall medical service level here. The six-storey building has 26 units, including 15 specialized cancer sections and nine comprehensive units. The center
TechnologyMarch 31, 2011
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More young males seek hair loss help
Hair loss has long been considered a problem of middle-aged men, but nearly half of those visiting medical facilities for the condition are from the younger generation, according to the National Health Insurance Corporation.The public body said the number of those treated for hair loss, which is classified as dermatological disorder, reached 181,000 in 2009, up about 24.8 percent from 145,000 in 2
TechnologyMarch 31, 2011
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Less-invasive prostate surgery available
CHICAGO ― A new minimally invasive procedure designed to shrink the prostate could offer an alternative to surgery for a benign condition that affects millions of men in America.However, doctors cautioned that the benefits found in the small clinical trial presented here need to be duplicated in a bigger, more rigorous study.“The main thing they are showing is that it is safe,” said William Rillin
TechnologyMarch 31, 2011
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‘Folk remedies for colic don’t work’
CHICAGO (AP) ― That nonstop crying of a baby with colic has some parents turning to popular folk remedies. Unfortunately, there’s no good evidence they work, according to a review of 15 studies.The results don’t surprise New York City mom Leni Calas, 32. She tried many treatments studied, including fennel extract, sugar drops and massage, and says nothing worked for baby Roxy, who cried almost non
TechnologyMarch 31, 2011
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New drug hope for hepatitis C sufferers
WASHINGTON (AFP) ― A cocktail of three drugs, including a new class of antiviral agent, has shown encouraging results in treating hepatitis C, a disease which attacks the liver, a study said Wednesday.“This study represents a remarkable advance and a potential cure for people with hepatitis C who have not responded to previous therapy,” said co-author Stuart Gordon, from the Henry Ford Hospital in
TechnologyMarch 31, 2011
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Telecoms struggle to cope with mobile messenger popularity
Telecom carriers are wrestling with the surging popularity of free mobile messengers increasingly jamming networks and snatching away data fees. One option being considered may be blocking or limiting the use of the likes of widely-popular Kakao Talk, which is replacing the voice and text messaging functions at a faster speed. “We have been basically reviewing the impact of social services like Ka
IndustryMarch 31, 2011
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New vehicles highlight start of Seoul Motor Show
(The General Motors concept car / Yonhap News)The start of the 2011 Seoul Motor Show Thursday was highlighted by the introduction of various new vehicles ranging from concept cars making their international debuts to new models that will soon reach customers throughout the globe.The event started with a press day at the Korea International Exhibition Center (KINTEX). It will be open to the public
MobilityMarch 31, 2011
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S. Korea's industrial output grows 9.1 pct in Feb.
South Korea's industrial output grew for the 20th straight month in February, indicating the economy is continuing to expand, a government report showed Thursday. According to the report by Statistics Korea, production in the mining and manufacturing industries rose 9.1 percent last month from the same month a year earlier. Output has increased since July 2009. Output was fueled mainly by s
March 31, 2011