Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Tensions heighten ahead of first president-opposition chief meeting
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New chief named to anti-corruption body
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New head of doctors' association vows war in case of disadvantage to medical professors
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Asiana Airlines posts all-time record profit
Asiana Airlines, the country’s No. 2 air carrier, reported record high yearly sales of over 5 trillion won ($4.51 billion) in 2010, buoyed by the rising demand for flights, its officials said Thursday.The company said that it reached 5.07 trillion won in sales, an increase of over 30 percent from 2009, and 635.7 billion won in operating profit last year. Both figures are the highest the company ha
Feb. 10, 2011
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Android smartphones top 5 million in Korea
Google-made mobile platform spices up competition against Apple’s iPhoneThe number of people who own an Android-powered smartphone has reached 5 million since it was launched in the local market a year ago.Of the people who own smartphones running on the Android mobile operating system, SK Telecom had the highest number of subscribers ― 3.72 million. It was followed by KT Corp., the exclusive serv
Feb. 10, 2011
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Lotte Group founder’s son promoted to chairman
Lotte Group, a retail-focused Korean conglomerate, promoted Vice Chairman Shin Dong-bin to chairman in a reshuffling carried out Thursday.The group, which operates chains of Lotte Department Store, Lotte Mart and Lotte Super and retail giant GS Group, promoted a total of 172 executives including seven new presidents for its subsidiaries, it said in a statement. Shin Dong-binLotte’s founder and for
Feb. 10, 2011
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KNOC to spend $4 billion on overseas oil assets
Korea National Oil Corp., a state-run energy resources developer, plans to invest as much as $4 billion in overseas oilfields this year as it aims to increase crude production by 33 percent.“We’re interested in assets in Africa, Europe, Asia, the U.S. and Canada,” Kim Seong Hoon, senior executive vice president, said in an interview. “We plan to raise daily output by 60,000 barrels to 240,000 barr
Feb. 10, 2011
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LG Electronics accused of breaching Sony TV patents
LG Electronics Inc. was accused in two lawsuits by Sony Corp. of infringing eight patents for technology used in liquid-crystal display televisions and monitors.Sony filed two new complaints, each listing four patents, yesterday in federal court in Los Angeles. The Tokyo-based electronics maker said LG’s 32LD350 LCD television and E2360V LCD monitor are among the products that infringe its technol
Feb. 10, 2011
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Home appliances getting darker
Black, colored appliances in vogue as customers get style-consciousKim Hye-in, a soon-to-be bride, still faces a myriad of decisions as she prepares for her upcoming wedding, but she is quite firm on one point: no white or pastel appliances. “That’s why I chose black as my color scheme for the appliances I will be buying for our place,” said Kim, who was browsing Hi-Mart, a local electronics retai
Feb. 10, 2011
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Extraordinary eurozone summit in March
BRUSSELS (AFP) ― Leaders of the 17-nation eurozone are to hold a special summit in mid-March to draft a plan of action to avoid a replay of the debt crises that shook the single currency last year.The 17 heads of state and government will meet in “mid-March,” the president of the European Union, Herman Van Rompuy, said in a speech to the European parliament.Earlier a source close to the talks told AFP that the eurozone summit had been agreed for Sunday, March 13. But a major member state later i
Feb. 9, 2011
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Samsung may supply ...display panels for iPad 2
Samsung Mobile Display is reportedly poised to supply liquid-crystal display panels for the next version of Apple’s iPad, industry sources said on Wednesday.According to sources, the company, established in January 2009, is in the final stage of talks on supplying its latest LCD panels for Apple’s iPad 2, which is expected to be released later this year.In response to such reports, a spokesman at
Feb. 9, 2011
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GM Daewoo unveils first Chevy model
GM Daewoo Auto and Technology Co. unveiled the Orlando multipurpose vehicle Wednesday. The vehicle will go on sale here on March 2.Out of the eight new models the automaker plans to launch in the local market this year, the Orlando will be the first model produced by GM Daewoo to be sold under the Chevrolet brand in Korea. In January, the company announced plans to change its name to GM Korea Co.
Feb. 9, 2011
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Hyundai Motor seeks cooperation from group steel unit for fuel-economy goal
Hyundai Motor Co., drawing on ties to Hyundai Steel Co., plans to more than double the proportion of high-strength steel used in its vehicles by 2015 as the carmaker seeks higher fuel efficiency and lower weight across its lineup. By using advanced forms of the metal that match or exceed other Korean and Japanese steelmakers’ alloys in cost and performance, Hyundai Motor will raise the ratio of hi
Feb. 9, 2011
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Manpower: World is entering ‘Human Age’
Manpower Inc., U.S.-based employment agency, said on Jan. 27 at the World Economic Forum in Davos, Switzerland, that the world had entered a new era: The Human Age. The concept was introduced by Manpower CEO Jeffrey Joerres in his presentation “Entering the Human Age –- unleashing and leveraging human potential in the new reality” at the forum. Manpower says this new age has significant implicatio
Feb. 9, 2011
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New iPhone app helps with confession
(MCT)WASHINGTON, (AFP) - A new "Confession" application for Apple's iPhone, iPad and iPod Touch has received the blessing of a Catholic bishop."Confession: A Roman Catholic App," is the first program for the Apple devices created by a South Bend, Indiana-based company called "Little iApps."Its developer, Patrick Leinen, said the app was designed to be used in the confessional and was intended "for
Feb. 9, 2011
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IT exports post strong gain in Jan.
Korea’s exports of IT-related products jumped 16.3 percent in January from a year earlier on strong global demand for semiconductors, displays and mobile phones, the government said Tuesday.The country shipped $12.83 billion worth of IT products abroad, marking the 15th month in a row that exports grew at a double-digit rate, the Ministry of Knowledge Economy said in a monthly report.Exports of se
Feb. 8, 2011
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Toyota to recall Lexus for fuel pipes
Toyota Motor Corp., a Japanese carmaking giant, will recall 2,459 vehicles sold in Korea due to manufacturing defects that could lead to oil leakage, Seoul’s transportation ministry said Tuesday.Subject to the recall are the Lexus IS250 model produced and sold between Sept. 3, 2007 and Dec. 3, 2008, according to the Ministry of Land, Transport and Maritime Affairs. The luxury passenger cars were f
Feb. 8, 2011
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International ferry users hit record high
The number of passengers using international ferry services in and out of Korea rose to a record high last year, bolstered by rebounding economic conditions, the government said Tuesday.International ferry passengers totaled 2.77 million last year, up 32.6 percent from a year earlier, according to the Ministry of Land, Transport and Maritime Affairs. The figure was the highest ever, exceeding the
Feb. 8, 2011
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Android tops iPhone in U.S.
WASHINGTON (AFP) ― Google’s Android surged past Apple’s iPhone last quarter and is closing in on the Blackberry as the most popular smartphone platform in the United States, market tracking firm comScore said Monday.According to comScore, 63.2 million Americans owned smartphones at the end of December, up 60 percent from a year earlier. An Apple Inc. iPhone 4 (front) and a Sony Ericsson Xperia X10
Feb. 8, 2011
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Ballmer is cleaning up house
MS CEO reportedly planning management reshuffle for tech expertiseMicrosoft Corp. Chief Executive Officer Steve Ballmer plans to extend a management reshuffling aimed at adding senior product executives with an engineering background, two people with knowledge of the decision said.Changes may be announced this month, said one of the people, who declined to be named because the plans are private. L
Feb. 8, 2011
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Businesses oppose early adoption of carbon trading
Korea’s major economic organizations called on the government Monday to significantly postpone its plan to introduce a carbon emissions trading system in 2012, saying it could hurt the country’s industrial competitiveness.The five economic organizations, including the Federation of Korean Industries, the largest industry lobby in the country, urged the government to delay the move at least until 2
Feb. 7, 2011
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Korean venture to buy U.S. hallyu site operator
Korea’s video search technology provider, Enswers Inc., said Monday that it has agreed to acquire a Silicon Valley-based online company, Soompi Media LLC, to create a U.S.-based Web portal for Korean pop culture and news.Under the agreement, Enswers will introduce this month a revamped service of Soompi.com powered by its own video search technology in a bid to bring Korean dramas, music, movies a
Feb. 7, 2011
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Kia Motors posts record monthly sales in China
HONG KONG (Yonhap News) ― Kia Motors Corp., Korea’s second-largest automaker, posted record-high monthly sales in China last month, backed by strong demand for its sport utility vehicle, company officials said on Sunday.In January, Kia Motors sold 38,858 units of vehicles in the world’s most populous country, up 22.7 percent from a month earlier and also 13.7 percent from the same period last year
Feb. 7, 2011