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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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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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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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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KCC demands explanation for smartphone location log
Korean regulator to ask Apple’s on nature of location collected on devices An Apple Inc. logo hangs above the entrance at the Fifth Avenue store in New York. (Bloomberg)Korea’s top communications regulator will request that Apple Inc. address the privacy concerns caused by recent allegations that the company has been accumulating location information of its users. Officials of the Korea Communicat
April 24, 2011
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Sony chairman credited with developing CDs dies
TOKYO (AP)- As a young man, aspiring opera singer Norio Ohga wrote to Sony to complain about the quality of its tape recorders.That move changed the course of his life, as the company promptly recruited the man whose love of music would shape the development of the compact disc and transform the Japanese electronics maker into a global software and entertainment empire.Sony's president and chairma
April 24, 2011
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Hyundai, Renault Samsung to recall 74,000 mid-size cars
Hyundai Motor Co. and Renault Samsung Motor Co. will recall around 74,000 mid-size passenger cars sold in South Korea due to a manufacturing defect and a safety problem, respectively, Seoul's transportation ministry said Sunday.Renault Samsung, the local unit of French automaker Renault SA, will recall 55,648 units of its mid-size car SM5 produced between Aug. 12, 2009 and Oct. 29, 2010, and 65,15
April 24, 2011
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SK Group chairman suffers investment loss of over 100 billion won
Chief of SK Group, a South Korean conglomerate, has suffered a loss of over 100 billion won ($92.5 million) from futures investment, sources said Saturday.The National Tax Service, the country's tax agency, found that Chey Tae-won had invested in the futures, but lost most of his money, according to the sources.The tax agency launched tax probes into the group's key affiliates, such as SK Telecom
April 23, 2011
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Samsung files countersuits against Apple
Company launches 10 patent suits in Korea, Japan and GermanySamsung Electronics said Friday it has filed countersuits against Apple Inc. over patent rights in courts located in Korea, Japan and Germany.The world’s second-largest mobile phone manufacturer said Apple’s iPhone and iPad violated 10 of the company’s patents, leading it to file a complaint with the Seoul Central District Court over alle
April 22, 2011
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Trade groups concerned about Australian tobacco packaging rules
South Korean trade organizations are expressing concern over Australia’s decision to regulate tobacco products’ packaging.The “Plain Packaging” law proposed by the Australian government on April 7 calls for tobacco products to be packaged in plain wrappings without logos or trademarks. The new compulsory cigarette packet is plastered with health warnings. (AFP-Yonhap News)The decision is aimed at
April 22, 2011
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POSCO Q1 sales reach W9.1 trillion
POSCO, Korea’s largest steelmaker, posted operating profit of 921 billion won (about $900 million) in the first quarter, a 36 percent decrease from the same period last year, amid continuing high raw material prices. In its earnings report released Friday, the company said it recorded sales of 9.1 trillion won, up 31 percent from the same period last year.The steelmaker attributed the sluggish ear
April 22, 2011
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Samsung, LG jockeying to position their 3-D TVs
Samsung heads to China for joint partnership, while LG holds large-scale event in ParisRival giants LG Electronics and Samsung Electronics are looking for overseas opportunities to gain ground in the competitive global 3-D television market. LG Electronics, the world’s No. 2 flat-screen TV maker, said Friday that it held an event in Paris called “The Biggest 3-D Experience Ever” on Thursday, which
April 22, 2011
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U.S. economy struggles for momentum: report
April 22, 2011
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Obama suspects energy market fraud
April 22, 2011
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China signals ready to invest more in Europe
April 22, 2011
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Samsung increasingly under siege, Lee says
Samsung Electronics Chairman Lee Kun-hee on Thursday said Samsung was coming under intense scrutiny from more and more firms, saying it was not only Apple, but even those outside the IT industry trying to keep his company at bay. “It’s a matter of (wanting) to hammer in a protruding nail,” Lee told reporters during a rare visit to Samsung Electronics headquarters in Seocho-dong, southern Seoul. He
April 21, 2011
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Korea, China to collaborate on rare earths processing
State-run Korea Resources Corp. said Thursday that it is to jointly develop technologies for processing rare earths with a Chinese think tank.The local developer said it will share equipment, facilities, human resources and technological information with Baotou Research Institute of Rare Earths, the largest of its kind in the communist state. KORES chief executive Kim Shin-jong and the institute’s
April 21, 2011
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BAT Korea raises cigarette prices
British American Tobacco Korea said Thursday it has raised the price of its cigarette products by 200 won ($0.20) to 2,700 won per pack on rising raw material prices.The price increase of 8 percent is the first in six years for the firm which holds an 18 percent-market share in the country. It is widely known for popular brands such as Dunhill, Kent and Vogue.“BAT Korea has been making every effor
April 21, 2011
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International 3-D Society to open Korean branch in May
KT Corp., the country’s largest fixed-line service operator, said Thursday it will lead the launch of the International 3-D Society’s Korean branch next month.KT organized a reception for the creation of a new country branch, inviting experts and industrial leaders in the field of 3-D, including Samsung Electronics, LG Electronics, broadcasters KBS, SBS, EBS and KT Skylife. Participants also inclu
April 21, 2011
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Hanwha wins $1b order for Saudi plant
Builder to construct power station and desalination plantHanwha Engineering & Construction said Wednesday that it has signed a $1.05 billion deal to build a power station and desalination plant in Saudi Arabia.The builder said it is to establish the plant at Yanbu industrial complex, the biggest of its kind in Saudi Arabia and located on the western side of the country, by 2014 under the deal with
April 21, 2011
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Korea to halt old reactor for security check
Nuclear reactor stoppages raise controversy over life extension of aged power plantsState-run Korea Hydro & Nuclear Power Co. said Wednesday that it had decided to temporarily halt the operation of a nuclear reactor in Busan which experienced a power failure last week.“We decided to carry out a thorough safety check on the Gori-1 unit and resume its operation after its safety has been confirmed,”
April 20, 2011
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LS Cable and System launch committee to help suppliers
LS Cable and System, the country’s largest producer of cables and wires, joined the growing ranks of large firms promoting shared-growth with small- and medium-sized enterprises.Shared-growth refers to large companies’ efforts to support smaller suppliers and associated companies’ expansion efforts, which has gained increasing attention with the government promoting it as a major policy. LS Cable
April 20, 2011
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Obama calls for more investment in broadband to catch up with Korea
WASHINGTON (Yonhap) ― U.S. President Barack Obama Tuesday called for more investment in broadband lines and other infrastructure in the United States to catch up with South Korea and other countries.“Our roads, our bridges, our sewer systems are all deteriorating,” Obama told a town hall meeting at Northern Virginia Community College, in Annandale, Virginia. “We don’t even have a serious high-spee
April 20, 2011
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KT launches robo-buddy for kids
KT Corp. said Wednesday it will launch “kibot,” a robot for kids, on Monday, as part of plans to create a smart home.The country’s largest fixed-line service operator said kibot will help children with their studies by reading books and singing songs to them. All children have to do is scan the radio frequency identification (RFID) card on the screen at the center of the robot, according to Seo Yu
April 20, 2011