Most Popular
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Yoon visits ancient Uzbek city, wraps up Central Asia trip
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[AtoZ into Korean Mind] Korea's broken ladder of social mobility
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N. Korean military's construction activities spotted inside DMZ: source
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Top 4 conglomerates convene strategy meetings to navigate uncertainties
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[Weekender] IV drips: A quick energy shot for overworked Koreans
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[Drama Tour] Follow Suwon’s fortress to find traces of ‘Lovely Runner’
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Yoon returns amid tensions over Putin's Pyongyang visit
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Doctors to go on indefinite walkout as government rejects final demands
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Unlicensed driver rams day care center van into wall
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How Korean convenience stores became big names in Central Asia
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U.S. film association chief seeks stronger ties with Korea
The Motion Picture Association of America wants more collaboration with the Korean film industry, MPAA chairman Christopher Dodd said in Seoul on Wednesday.Dodd was speaking at a luncheon hosted by the American Chamber of Commerce in Korea. The former U.S. Democratic Party senator said Korea was one of the U.S.’ most significant trade partners, adding that the partnership between the two nations would only deepen in the years to come. Commenting on the success of Korean films by directors Im Kwo
IndustryOct. 24, 2012
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Korea ranks 108th in gender equality: WEF report
South Korea ranked among the lowest group in the world in gender equality, a report showed Wednesday, indicating that it needs to step up efforts to bolster women’s economic participation and their access to education.According to the report by the World Economic Forum, South Korea came in at 108th out of 135 countries it surveyed in terms of gender equality this year. The ranking was one notch lower than the previous year and it was also similar to countries such as the United Arab Emirates, Ku
Oct. 24, 2012
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Dogs react to yawning after 7 months
LUND, Sweden (UPI) -- Dogs, like humans, are susceptible to contagious yawning, but it develops gradually and puppies younger than 7 months seem immune, Swedish researchers say.Researchers at Lund University, writing in the journal Animal Cognition, report a developmental, age-related trend in susceptibility to contagious yawning seems to operate in both humans and dogs.Previous research has demonstrated contagious yawning in humans, adult chimpanzees, baboons and dogs, and suggests it is eviden
TechnologyOct. 24, 2012
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Group slams sex advice website aimed at teens in U.K.
British family campaigners criticized a website that gives advice on sex acts to children as young as 13, local media reported Wednesday.The respectyourself.info website, provided by the “Respect Yourself” project, features explicit images of naked people as well as detailed information on sexual acts. The project was funded by Warwickshire Council and the EU and was designed by the National Health Service,“This is a grossly irresponsible website and a complete misuse of taxpayers’ hard-earned c
TechnologyOct. 24, 2012
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E-ink phone could go a week on a charge
A Chinese company says it is developing a smartphone with a display akin to those on e-readers to create an Android phone you only have to charge once a week.Chinese manufacturer Onyx International is working on the phone that would use the same kind of easy-on-the-eyes, long-lasting "e-ink" technology used in current e-readers, TG Daily reported.E-ink screens can be read in even the brightest conditions, but many consider their best feature to be extended battery life.Onyx is apparently looking
TechnologyOct. 24, 2012
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SK Hynix to dismiss 20% of executives by year’s end
Group wants to slim down, put SK people in Hynix to revamp SK Hynix, the brainchild of SK Group’s highly publicized merger with Hynix Semiconductor this year, is expected to dismiss up to 20 percent of its executives within the next two months. Industry sources said the dismissal rate could go up to as high as 30 percent when including some of the non-executive employees.The sources said SK Hynix has been without an owner for too long, and had become too big and unwieldy for SK to cope with.“Th
IndustryOct. 24, 2012
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Mars canyon star of dramatic cosmic image
A European spacecraft orbiting Mars has captured new images of one of the solar system's most dramatic geological features, scientists say.Valles Marineris on Mars is a chasm 125 miles wide, more than 6 miles deep and stretching for almost 2,500 miles, making it the largest canyon in the solar system.It is 10 times longer and five times deeper than Earth's Grand Canyon, a release from the Paris headquarters of the European Space Agency said Monday.The latest image of Valles Marineris, in near-t
TechnologyOct. 24, 2012
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Facts and figures on the new iPad mini
These are the principal features, pricing and availability of the new iPad mini tablet computer unveiled by Apple on Tuesday:-- the iPad mini has a 7.9-inch (20.06-centimeter) touchscreen when measured diagonally, smaller than the 9.7-inch (24.6-cm) display on the original iPad-- the iPad mini weighs 0.68 pounds, 53 percent lighter than Apple's third generation iPad-- it is 7.2 millimeters (0.28 inches) thick, 23 percent thinner than the original iPad and thinner than a pencil-- the iPad mini ha
TechnologyOct. 24, 2012
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Apple reveals iPad Mini starting at $329
Apple Inc.'s pencil-thin, smaller iPad will cost much more than its competitors, signaling the company isn't going to get into a mini-tablet price war.The company debuted the iPad Mini Tuesday, with a screen two-thirds smaller than the full model, and half the weight. Customers can begin ordering the new model on Friday. In a surprise, Apple also revamped its flagship, full-sized iPad just six months after the launch of the latest model.Apple's late founder Steve Jobs once ridiculed a small tabl
TechnologyOct. 24, 2012
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Korea lags behind in spending for space development
Korea lags far behind other economies such as the U.S., Russia and Japan in space technology investment.The country is also behind China and India, which have made significant investments in the development of their lunar probe programs.The country hopes to conduct its first successful space rocket launch this week after two failed attempts in August 2009 and June 2010. The Korea Space Launch Vehicle-1, also known as Naro-1, is the country’s first locally assembled space rocket.Its first-stage t
TechnologyOct. 23, 2012
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Ssangyong E&C wins $180m deal in Singapore
Ssangyong Engineering & Construction Co. said Tuesday that it has won a $180 million contract to build a new college campus in Singapore.The deal signed with the National University of Singapore on Monday, calls for the South Korean company to build facilities, including dormitories, a library and lecture halls for Yale-NUS College.Ssangyong E&C said the project will be completed 29 months after work begins later this month.The latest order comes weeks after Ssangyong E&C’s creditor banks announ
Oct. 23, 2012
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POSCO Q3 net earnings more than triple
POSCO, South Korea’s leading steelmaker, said Tuesday that its third-quarter earnings more than tripled from a year earlier on cost-cutting efforts and a one-time factor.Net profit reached 723 billion won ($656 million) on a consolidated basis in the July-September period, compared with a profit of 229 billion won a year earlier, the company said.Sales, however, slipped 7.2 percent on-year to 15.74 trillion won, and operating income also dropped 17.6 percent to 1.06 trillion won over the cited p
Oct. 23, 2012
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Shares slip on earnings woes
South Korean stocks closed 0.76 percent lower as bleak corporate earnings outlook of local big-name companies weighed heavily on the market, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 14.78 points to 1,926.81. Trading volume was moderate at 528.4 million shares worth 4.11 trillion won ($3.72 billion), with decliners outnumbering gainers 435 to 377.“Investors already knew that companies performed bad in the third quarter.
Oct. 23, 2012
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EU rejects France’s complaint against Korean carmakers
The European Union has dismissed France’s request to monitor imports of Korean cars more closely to restrict the soaring sales of them in the country.According to the Trade Ministry in Seoul, the European Commission officially decided on Monday to reject France’s demand to put Korean autos on a prior surveillance list.Trade officials said the executive body of the EU reviewed the French request made in July and decided not to accept it. France apparently made the request with the aim of driving
Oct. 23, 2012
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GE Korea opens energy tech center
General Electric Korea, the Korean unit of General Electric Co., opened a new energy technology center near Seoul on Tuesday, seeking more business partnerships with domestic firms.Built within the firm’s research and development complex, in Pangyo, Gyeonggi Province, the energy technology center supports sustainable growth and efficient solutions, company officials said. “The work going to be done here is the synergy between the high-end research and application-oriented work that will bring be
IndustryOct. 23, 2012
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Hyundai eyes million-car production in China
BEIJING ― Following territorial disputes between Beijing and Tokyo, the dramatic fall-off in demand for Japanese vehicles has been an unexpected boon for Korea’s Hyundai in the all-important Chinese market. In September, when Toyota Motor Corp. saw its Chinese sales almost halve from a year ago, Hyundai Motor’s sales in China increased by 15 percent to post record sales. Some industry watchers warn the Toyota-led sales slump could drag down the Chinese car market overall. But Hyundai seems more
MobilityOct. 23, 2012
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Apple offered Samsung unfair deal: Groklaw
A U.S. legal news provider revealed an allegation that Apple Inc. made an unfair licensing offer to Samsung Electronics over patent payments in October 2010.Apple had offered Samsung an additional 20 percent discount for the Korean smartphone manufacturer’s usage of Apple’s licenses, including Windows phones and tablets, under the scenario of a cross license deal, Groklaw said in its recent report.The failed offer was based on the U.S. firm’s alleged intention to pressure Samsung to scrap its us
IndustryOct. 23, 2012
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Firms bogged down by Q3 woes
Fears of an earnings shock are sweeping across Korean industries as several major companies have already reported sharply declining profits in the third quarter.Amid economists’ diagnosis that the Chinese and U.S. economies hit bottom in the three months to September, both Korean companies’ exports and domestic sales have been worse than expected. Businesses are undercutting their earnings forecasts for the third quarter, although they are hopeful things will perk up in the final quarter of this
IndustryOct. 23, 2012
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Mattel builds on lifestyle brands with local partners
Barbie has been loved around the world for over half a century since 1959, and now she is more than just a perfectly figured doll that comes in various themes, professions and ethnicities.“Barbie is not a character brand; it is a fashion brand that has hundreds of licensees or partners that make Barbie perfumes, Barbie shoes, cosmetics, jewelry, laptops and even hair salons,” Claire Gilchrist, Mattel’s top executive of consumer products in the Asia Pacific region, said in an interview with The K
IndustryOct. 23, 2012
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Tobacco makers oppose new rules on social contribution
A silent but potent war is brewing between tobacco makers and the government over whether the companies should be permitted to contribute to social causes. In September, the Ministry of Health and Welfare signaled that it was time to end what they consider to be “promotion-oriented” contributions from cigarette companies by announcing a new legal revision. Under the new rule, companies, which had been permitted to sponsor sports-related campaigns for raising social awareness on significant issue
IndustryOct. 23, 2012