Korea ups economic growth forecast to 3% for 2017

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Obama to ramp up U.S. oil production

U.S. plans steps to speed up oil production but moves won’t calm gas prices any time soon WASHINGTON (AP) ― Amid growing public unhappiness over gas prices, President Barack Obama is directing his...

Updated : 2011.05.15 18:37

Korean high-speed train halts again due to brake system malfunction

High-speed KTX-Sancheon train was launched in March, 2011. (Yonhap News) CHILGOK - A high-speed KTX-Sancheon train from Seoul abruptly stopped Saturday in the southern part of the country for nearly...

Updated : 2011.05.15 10:09

Samsung Heavy filed for 1,099 patents in 2010

Samsung Heavy Industries Co. applied for 1,099 patents last year, industry sources said Friday. The company is the first in the industry to have applied for more than 1,000 patents in one year. Dur...

Updated : 2011.05.13 19:45

Korean Air wins award for in-flight meals

Korean Air announced Friday that it received the top prize for in-flight meals in the 2011 World Traveller Awards. Organized by China’s largest travel magazine World Traveller, the annual event awar...

Updated : 2011.05.13 19:44

Global resource consumption to triple by 2050: U.N.

UNITED NATIONS (AFP) ― Global consumption of natural resources could almost triple to 140 billion tons a year by 2050 unless nations take drastic steps, the United Nations warned Thursday. A U.N. en...

Updated : 2011.05.13 19:40

China may limit rate increases after raising bank reserve ratio

China may limit interest-rate increases over the rest of the year, focusing on other tools for combating inflation as the government seeks to cool prices without choking off growth. The central bank...

Updated : 2011.05.13 19:40

Debt crisis may still spread to core: IMF

Updated : 2011.05.13 19:39

Korea to curb rise in farm emissions

South Korea plans to considerably decelerate the growth in greenhouse gases emitted by the country’s farming sector as part of its broader efforts to help stem global warming, the government said Thu...

Updated : 2011.05.12 19:12

Korean Air to hire 500 more flight attendants

Korean Air, the country’s No. 1 air carrier, said Thursday that it will recruit an additional 500 flight attendants this month. The recruitment, which is on the largest scale ever, comes shortly aft...

Updated : 2011.05.12 19:11

Google’s Android dominates OS market, boosted by key vendors

Recent research has found that more than three in 10 wireless gadget users own an electronic device that runs on Google’s Android mobile operating system, putting strong emphasis on its openness. Ac...

Updated : 2011.05.12 19:11

Samsung ‘unfazed’ by competition

Group’s semiconductor chief skeptical of Elpida’s DRAM chip claims Samsung Electronics appeared to be keeping its cool despite concerns about intensifying competition posed by global IT companies ...

Updated : 2011.05.12 19:10

LG announces mutual growth scheme

40 billion won R&D plan to start with focus on boosting productivity LG Electronics said Thursday that it will invest 40 billion won ($36.86 million) in research and development with its subcontract...

Updated : 2011.05.12 19:04

LG Chem to place bigger emphasis on batteries

LG Chem plans to have half of its business in batteries and information materials by 2015, based on the belief the sectors will lead the firm to join the ranks of global top-tier companies. “Our bu...

Updated : 2011.05.11 19:33

KTX-II train examined due to structural fault: sources

One of the 19 KTX-Sancheon high-speed trains has been pulled off line as the system is now under examination by the manufacturer due to a serious structural fault, sources said Wednesday. KTX-Sanche...

Updated : 2011.05.11 19:18

Samsung denies reports of abandoning solar batteries

Samsung Group on Wednesday denied news reports that its owner Lee Kun-hee instructed his company to reconsider the plans for developing solar batteries, saying Samsung has already earmarked the busin...

Updated : 2011.05.11 19:09