Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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Apple says pre-orders of iPhone 4S break record
NEW YORK (AP) -- Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year's model. Apple CEO Tim Cook talks about the iPhone 4S during an announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 4, 2011. (AP-Yonhap News)Apple Inc. an
Oct. 11, 2011
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SC First Bank set to drop Korean name
Standard Chartered First Bank will drop the “First” from its name, becoming Standard Chartered Bank within this year, the bank said Monday. “It’s not going to happen within this month, but we plan to change the bank’s name before the end of the year,” the bank’s Seoul official said Monday.The change
Oct. 10, 2011
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Nuclear power is a bridge for cleaner future
Nuclear power is an essential source of energy that requires more understanding on the part of the public, Korea Nuclear Energy Promotion Agency Chairman Rhee Jae-hwan said.Stating that while nuclear power has its dangers, it will continue to be an essential energy source until alternative sources a
Oct. 10, 2011
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LG unveils ultra-high-speed smartphone
LG Electronics Monday launched a new smartphone with ultra-high-speed network technology in a bid to catch up with rivals Apple and Samsung. LG, the world’s third-largest handset maker, said its Optimus LTE smartphone based on 4G wireless technology offers photos and videos with “true natural colors
Oct. 10, 2011
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Regulator considering limiting micro credit card payments
The Financial Services Commission said Monday that it is considering allowing businesses to reject credit cards for small payments.The potential upper limit would be 10,000 won ($8.55) similar to the United States and Canada, which impose a $10 cap, the nation’s top financial regulator said. “This i
Oct. 10, 2011
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General Motors to celebrate centennial of Chevrolet
General Motors will celebrate the 100th anniversary of its flagship brand Chevrolet in Detroit, U.S., this week where the first Chevy was built in 1911, GM Korea said on Monday.Chevrolet traces its roots to the dawn of the U.S. auto industry and has expanded from its traditional markets in North Ame
Oct. 10, 2011
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IAEA forum aims to lift awareness of nuclear power
Nuclear experts aim to allay fears of atomic energy after Japan crisisThe International Atomic Energy Agency’s workshop for public information on new nuclear power plants kicked off in Seoul on Monday.The five-day event organized by the Korea Nuclear Energy Promotion Agency in collaboration with the
Oct. 10, 2011
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Samsung reports LED breakthrough
Samsung Electronics Co. said Monday that its researchers reported a breakthrough in light-emitting diode technology that will allow production of ultra-large advanced display panels on ordinary glass, such as window panes. Samsung Advanced Institute of Technology succeeded in fabricating nearly sing
Oct. 10, 2011
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Samsung, LG family names used illegally for overseas fraud
Small, independent firm LKH Investment Group was discovered using the names of business tycoons Lee Kun-hee and Koo Ja-hak without permission in an apparent financial scam. Lee is chairman of Samsung Electronics, international tech giant, and Koo is the third son of the LG Group founder and married
Oct. 9, 2011
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
Oct. 9, 2011
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A plastic box that meets global demands
Lock&Lock aims to become global No. 1 in airtight containers by 2013This is the fourth installment of a series that spotlights Korean products enjoyed by people abroad. ― Ed. In June 2002 many foreigners, including college students, visited the country to watch the World Cup soccer
Oct. 9, 2011
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Hyundai helps turn Inner Mongolian desert into grassland
South Korea’s largest carmaker Hyundai Motor Co. said Sunday that it has helped transform 30 square kilometers of desert in Inner Mongolia into grassland as part of its global eco-conservation effort.The company started planting suaeda glauca, or seepweeds, in the Chakanor district of the Kunshantag
Oct. 9, 2011
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U.N. opens desertification forum in Changwon
The first U.N. meeting to combat desertification to be held in Korea will focus on defining standards to measure progression of land degradation, a step essential to boost international support and funding, the United Nations Convention to Combat Desertification said.The UNCCD said that starting Mon
Oct. 9, 2011
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Samsung profit beats forecasts
Company expects third-quarter profit at $3.5 billion, 12% up from second quarterSamsung Electronics on Friday expected its quarterly profit to exceed market forecasts on the back of brisk smartphone sales and a weak local currency. The world’s largest technology company said in a statement that prof
Oct. 7, 2011
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IAEA workshop to discuss promotion of nuke power
The International Atomic Energy Agency’s workshop regarding public information on introducing new nuclear power plants will kick off in Seoul on Monday.The workshop organized by the Korea Nuclear Energy Promotion Agency will be held at Lotte Hotel World in Jamsil, southeastern Seoul until Friday.The
Oct. 7, 2011
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Manpower named one of U.S.’ top staffing firms
The human resource services provider Manpower has been included in the Best of Staffing Talent list, the company said Friday.Compiled by the U.S.-based research firm Inavero Inc., the Best of Staffing Talent list includes staffing firms whose services are rated highly by job seekers. According to th
Oct. 7, 2011
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Samsung puts Q3 operating profit at 4.2 trillion won
SEOUL (Yonhap News) -- Samsung Electronics Co., the world's biggest maker of computer memory chips and the No. 2 mobile-phone maker, estimated Friday that it had logged an operating profit of 4.2 trillion won ($3.49 billion) in the third quarter.The preliminary estimate for the July-September period
Oct. 7, 2011
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Koreans offer condolences, praise Jobs’ legacy
The local IT scene on Thursday paid tribute to Apple founder and visionary Steve Jobs following the news of his death. The mastermind behind iMac, iPhone and iPad died from cancer aged 56, the California-based firm announced Thursday. The stock prices of Samsung Electronics, whose relationship with
Oct. 6, 2011
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Steve Jobs' death to have limited impact on S. Korean biz, Samsung suits
SEOUL, Oct. 6 (Yonhap) -- Although the death of Steve Jobs aroused waves of sadness and condolences among South Koreans on Thursday, his absence is not expected to have an immediate impact on the country's information technology industry or his company's bitter lawsuits with Samsung Electronics Co.,
Oct. 6, 2011
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Sales of imported vehicles jump 25.3% in Sept.
Sales of imported vehicles in South Korea jumped 25.3 percent in September from a year earlier, helped by new car models and importers’ aggressive marketing, a local trade association said Thursday.A total of 10,055 imported vehicles were sold in the country last month, compared with 8,022 units sol
Oct. 6, 2011