Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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S. Korea votes in favor of Palestinian bid for UN membership
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Farming households dip below 1m for first time in 2023
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Seoul Motor Show attests to industry recovery
Top global brands showcase latest models at city’s largest-ever eventThe country’s largest automotive industry show, the Seoul Motor Show, opens to the public Friday with carmakers vying to catch the attention of the expected 1 million visitors with new models and technologies.The show, which will be held until April 10 at the KINTEX exhibition center in Goyang, Gyeonggi Province, is being held on
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
March 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
March 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
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
March 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
March 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
March 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
March 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
March 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
March 31, 2011
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6 potential buyers submit bids for Kim's Club
E-Land Group, a leading South Korean fashion retailer, said Wednesday that six potential buyers have submitted their bid proposals for Kim's Club Mart Co., the group's supermarket chain operator. E-Land, however, did not reveal the names of the potential buyers, citing a confidentiality agreement with them. According to industrial sources familiar with the sale of Kim's Club, Lotte Shopping C
March 30, 2011
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Samsung Group to strengthen legal compliance education
Samsung Group, the country’s top conglomerate, said Wednesday that it will strengthen legal compliance within the first half of this year by upgrading training sessions for its executives.In a weekly meeting of the group’s presidents, Kim Sang-kyun, Samsung’s president of legal and compliance office, said the group plans on completing all preparations for compliance operations by June. He also ask
March 30, 2011
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Seaweed, mask sales soar on radiation fears
Fears of radiation from Japan have pushed up sales of masks and food such as kelp considered to help prevent poisoning, local retailers said Wednesday.Concerns over radiation have been rising during the past few days on news that traces of radioactive materials are being detected throughout the nation following a nuclear crisis in Japan.The state-run Korea Institute of Nuclear Safety confirmed Mon
March 30, 2011
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Renault Samsung to cut production by 20% in April
Renault Samsung Motors Co. announced Wednesday that it will cut output by 20 percent during April due to a parts shortage caused by the disasters in Japan. Renault Samsung, which stopped extra production after working hours and Saturday production on March 18, said its sole plant in Busan has been experiencing shortages in some engines and transmission supplied by Japanese firms.Renault Samsung sa
March 30, 2011
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Hynix doles out first cash dividend
World’s No. 2 computer memory-chip supplier sanguine on global marketICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and expected more to come on the back of rosier forecasts for the memory chip market.“We expect the demand for memory chips to continue rising and as long as we continue to see profit exceeding our objectives
March 30, 2011
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Rising exports testament to Renault Samsung’s growing capacity
Renault Samsung Motors Co., the Korean arm of the French carmaker Renault S.A., is rapidly becoming a key player in Renault Nissan Alliance’s global sales operations with exports rising at an unprecedented pace. On March 25, the company celebrated more than 400,000 units exported since 2000.Established in September 2000, Renault Samsung’s exports have grown at a rate unseen among Korean carmakers
March 30, 2011
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LG Group leads campaigns to support suppliers
Chairman Koo urges affiliates to help achieve ‘shared growth’ with smaller partnersLG Group is leading the corporate sector’s campaign to buttress the competitiveness of smaller vendors and firms to help achieve a level playing field for all parties. The group’s chairman Koo Bon-moo this year proclaimed that LG would stand at the forefront of supporting mutually beneficial growth with its partner
March 30, 2011
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Hong Kong opens world’s highest hotel
HONG KONG (AFP) ― The world’s highest hotel opened its doors in Hong Kong on Tuesday, housed in the city’s tallest skyscraper and offering unrivalled panoramic views of the world famous Victoria Harbor.Towering some 490 meters above the bustling, chaotic streets of the Southern Chinese city, the Ritz-Carlton Hotel is making a grand comeback after temporarily closing in 2008.Visitors peered out of
March 30, 2011
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Smartphone market to grow 50% in 2011: IDC
WASHINGTON (AFP) ― The worldwide smartphone market will grow nearly 50 percent this year and Google’s Android will take over as the leading operating system, a technology market research firm said Tuesday.International Data Corp. said smartphone vendors are expected to ship more than 450 million smartphones in 2011 compared to 303.4 million last year.IDC said the smartphone market will grow more t
March 30, 2011
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Japan crisis affecting Toyota, Honda
Toyota restricts orders from U.S. dealers to preserve supply of some parts; Honda to cut outputDETROIT (AP) ― Shortages of auto parts from Japan are hitting North American operations at Honda and Toyota.Toyota Motor Corp. on Tuesday said it wants its U.S. car dealers to stop ordering more than 200 replacement parts made in Japan because it’s worried about running out of them. And Honda Motor Co. s
March 30, 2011