Most Popular
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Court refuses injunction on medical school expansion
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Is NewJeans headed for a long 'break'?
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Kepco to raise electricity prices as total debt soars past W200tr
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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GCF, World Bank offices open in Songdo
President Park Geun-hye said Wednesday that Korea would fully support developing and underdeveloped economies in tackling climate change through the Green Climate Fund.At the ceremony for the opening of the GCF’s permanent headquarters in Songdo, Incheon, the president said that Korea would continue to invest in technologies such as renewable energy, carbon capture and storage and energy management systems as part of efforts to make the world more environmentally friendly.She urged not only the
Dec. 4, 2013
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[Graphic News] Export outlook by industry
Semiconductor chips, petrochemical products, automobiles and IT-related products including mobile phones and displays, will continue to lead Korea’s exports in 2014, according to a forecast by the Korea International Trade Association. KITA expects the export of semiconductor chips to reach $60.8 billion.
Dec. 4, 2013
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Korea’s exports to break new record
Korea’s trade volume this year will once again exceed $1 trillion for three consecutive years despite persistent negative factors in the global market, officials said Wednesday.The country will attain the $1 trillion line on Friday, while its total amount is estimated to be about $1.08 trillion by year-end, according to the Ministry of Trade, Industry and Energy and the Korea International Trade Association.The nation is also to become the world’s seventh-largest exporting country for four cons
Dec. 4, 2013
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Asiana Airlines’ new safety chief stresses preemptive action
Asiana Airlines’ new chief safety officer, Akiyoshi Yamamura, on Wednesday stressed preemptive actions to prevent fatal accidents such as the air carrier’s crash-landing in July, hinting at a large-scale review of existing risk-monitoring systems. During his first media meeting at the company’s Seoul headquarters, the senior executive vice president who oversees Asiana’s recently elevated safety and security management division, compared aviation accidents to catching a cold: “There are some ear
IndustryDec. 4, 2013
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FSS chief promises global standard in financial regulations
Financial Supervisory Service Governor Choi Soo-hyun said Wednesday that Korea will meet global standards in regulating domestic and foreign financial firms’ local operations.He delivered the pledge at a luncheon meeting with members of the American Chamber of Commerce in Korea in downtown Seoul to mark the 60th anniversary of the institution’s establishment.While Choi reiterated that the authorities would foster a level playing field between domestic and foreign capital on the basis of global s
Dec. 4, 2013
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Ex-Hana Financial chief quits adviser post
Former Hana Financial Group chairman Kim Seung-yu expressed his willingness to step down from his post as adviser to the financial firm.His departure comes after the Financial Supervisory Service said it was investigating allegations that Kim had engaged in irregular business practices during his tenure as the group’s chief.Hana Bank owns about 4,000 pieces of artwork. Kim is known to be an art lover but the FSS suspects there is more to the bank’s unusually large art collection.On Tuesday, the
Dec. 4, 2013
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KRA appoints Hyun new chairman
The Korea Racing Authority said Wednesday that it has appointed Hyun Myung-kwan, former Samsung C&T chairman, as its new chairman and CEO.Born on Jejudo, the newly appointed chairman studied law at Seoul National University and served as a senior official at the Board of Audit and Inspection after passing the civil service examination in 1965.He then went on to serve in various positions with Samsung Group, including chief secretary to Samsung owner Lee Kun-hee. He twice ran unsuccessfully in th
Dec. 4, 2013
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Korea, Canada make progress at FTA talks
Trade ministers of South Korea and Canada have agreed to work toward early conclusion of a bilateral free trade agreement, citing what they called “significant progress” made at the latest round of talks, the Korean government said Wednesday.“Minister Yoon Sang-jick and Canadian Minister of International Trade Ed Fast noted that there had been significant progress in negotiations for the Korea-Canada FTA,” the Ministry of Trade, Industry and Energy said.The Yoon-Fast meeting was held earlier in
Dec. 4, 2013
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Dongbu Daewoo takes on the world
Embracing religious, cultural and regional aspects of global markets with its products, Dongbu Daewoo Electronics Corp. is making waves in the world’s home appliances market. For instance, most Iranian women wash their hijab by hand, mostly because the delicate fabric can tear in a washing machine. Also, Muslim women don’t want their head scarves to be washed together with dirty laundry. Considering these cultural factors, Dongbu Daewoo Electronics came up with the idea of adding a washing funct
TechnologyDec. 4, 2013
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LGE begins global pitch for G Flex
LG Electronics, one of the world’s top five smartphone makers, has begun the global marketing pitch for its first curved smartphone, starting in Asian countries such as Hong Kong, Singapore and Taiwan, the company said Wednesday. On Tuesday, LG held a launching ceremony at Hong Kong’s Charter House building for the local press to announce that the curved G Flex will start selling in Hong Kong on Dec. 13 through five of the nation’s main network carriers. In Singapore, preorders will begin on Dec
TechnologyDec. 4, 2013
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Global computer sales continue to drop amid tablet rise: sources
The sales of personal computers are expected to continue to drop amid the rising demand for tablets and smartphones, according to industrial sources. This year’s global sales of computers and laptops are expected to have dropped 10 percent from last year, according to market research company International Data Corporation. Global shipments fell 9.7 percent to 315 million units. “As tablets’ overall specifications including performance, speed and display are improving, more users have turned to t
IndustryDec. 4, 2013
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Samsung’s global share in mobile memory nears 50%
South Korean tech giant Samsung Electronics Co. saw its market share in the global mobile memory industry reach 50 percent in the second quarter thanks to growing demand for mobile devices, a market researcher said Wednesday.Samsung Electronics sold about 1.41 billion units of mobile dynamic random access memories in the second quarter of this year, according to a report by market researcher IHS iSuppli.Its global market share stood at 49.4 percent at the end of June.The numbers are calculated b
TechnologyDec. 4, 2013
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Korea develops new shark-repelling device
South Korea has developed a new shark-repelling device that provides safety to both humans and sharks, the government said Wednesday.The device uses solar panels set on top of floating buoys to create a curtain of magnetic fields that is only irritating to sharks, according to the Ministry of Oceans and Fisheries.Each solar panel creates a magnetic current of less than 5 volts, which is virtually undetectable to humans or other fish, a ministry official said.“The country sees a considerable numb
TechnologyDec. 4, 2013
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Federal study warns of sudden climate change problems
WASHINGTON (AP) ― Hard-to-predict sudden changes to Earth’s environment are more worrisome than climate change’s bigger but more gradual impacts, a panel of scientists advising the federal government concluded Tuesday.The 200-page report by the National Academy of Sciences looked at warming problems that can occur in years instead of centuries. The report repeatedly warns of potential “tipping points” where the climate passes thresholds, beyond which “major and rapid changes occur.” And some of
TechnologyDec. 4, 2013
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ISON confirmed dead after brush with sun
WASHINGTON (AFP) ― A comet that grabbed attention worldwide for being likened to a massive snowball in space did not survive its brush with the sun last week, NASA confirmed on Tuesday.“Though the exact time of ISON’s death is uncertain it does appear to be no more. All that is left is a cloud of debris without a nucleus,” C. Alex Young of the NASA Goddard Space Flight Center told AFP in an email.Dubbed the “Christmas Comet,” the icy giant described as a massive and dirty snowball skimmed past t
TechnologyDec. 4, 2013
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Gift guide: Plenty of laptops, even on budget
NEW YORK (AP) ― There’s no shortage of laptop computers to pick from this holiday season, even for shoppers on tight budgets. A Chromebook optimized to run Google’s Internet services can be bought for as little as $200, while a few hundred dollars more gets you a laptop that’s not so dependent on having a continuous online connection.Although smartphones and tablet computers get much of the attention these days, laptops are still more desirable for people who do a lot of typing or other heavy-du
TechnologyDec. 4, 2013
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[Photo News] Starbucks santas
IndustryDec. 4, 2013
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Seoul shares drop 1.12 percent on Fed tapering woes
South Korean stocks sank 1.12 percent Wednesday as better-than-expected economic data from the United States revived woes that its central bank may scale back a massive stimulus measure in the near future, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 22.56 points to 1,986.80. Trading volume was low at 226 million shares worth 3.57 trillion won ($3.36 billion) with losers outpacing gainers 521 to 283.Analysts said Se
Dec. 4, 2013
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Seoul shares trade lower in late-morning trade
South Korean stocks traded 0.85 percent lower late Wednesday morning on losses in technology firms and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) shed 17.15 points to 1,992.21 as of 11:20 a.m.Tech shares continued to trade mostly lower, with market behemoth Samsung Electronics falling 1.3 percent and flat panel maker LG Display losing 2.1 percent. Top chipmaker SK hynix, in contrast, gained 0.43 percent.Mobile carriers traded bearish, with SK Telecom m
Dec. 4, 2013
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LTE subscribers near 27m in S. Korea
The number of subscribers to the so-called long-term evolution (LTE) mobile network in the country reached 27 million last month, with over 50 percent of mobile phone users using the faster wireless coverage, industry data showed on Wednesday.According to the data compiled by the country's three mobile carriers, some 27.35 million people subscribed to the LTE service as of end-November, accounting for slightly more than half of the country's 54.4 million mobile phone users.The end-November figur
TechnologyDec. 4, 2013