Most Popular
-
1
Controversy rekindled over when to name criminals, suspects
-
2
Seoul transit pass for travelers to be available starting July
-
3
Hybe-Ador CEO conflict gets messier
-
4
Battery makers ramp up efforts to diversify graphite supply chain
-
5
Prosecutors to summon pastor who allegedly gave Dior bag to first lady
-
6
‘Monk’ DJ spreading Buddhism goes global
-
7
[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
-
8
Court's ruling set to shape path of medical school expansion
-
9
Loans of self-employed swell 50% in four years
-
10
1 passenger dies after falling overboard on cruise ship
-
Advanced facial contouring surgery attracts attention
A triangular-shaped face is popular among young Koreans in their 20s and 30s because they think it is beautiful. Demand for surgical operations to have this “V-line” shape is growing. But many of those who want to change their looks often find difficulty choosing surgical methods because many facial surgeries carry a high risk of side effects and cause excruciating pain.To this, Siot osteotomy has been grabbing attention because it cuts a smaller part of the chin bone than other existing methods
TechnologyMay 9, 2013
-
Study: Fish oil doesn’t help prevent heart attacks
Eating fish is good for your heart but taking fish oil capsules does not help people at high risk of heart problems who are already taking medicines to prevent them, a large study in Italy found.The work makes clearer who does and does not benefit from taking supplements of omega-3 fatty acids, the good oils found in fish such as salmon, tuna and sardines.Previous studies have suggested that fish oil capsules could lower heart risks in people with heart failure or who have already suffered a hea
TechnologyMay 9, 2013
-
Namyang apology doesn’t go down well
The latest public apology issued by Namyang Dairy Products did not appear to be as effective as the company had hoped, especially vis-a-vis the suppliers who refused to accept it. “There was much room for improvement in that apology, not to mention that most of the preventive measures the company announced seemed impractical,” said Lee Chang-sub, head of an organization of distributors supplying to Namyang. He called on the nation’s largest dairy maker to issue a proper apology, adding that Namy
IndustryMay 9, 2013
-
FSS monitors lenders over unfair practices
Financial regulators are set to crack down on irregular business practices committed by financial service companies to help prevent consumers from being bullied.The supervisory policy toward enhanced consumer protection comes after angry citizens recently criticized an employee of Namyang Dairy Products for verbally abusing a wholesaler in the manufacturing sector.The irregular practices in the financial sector include commercial banks allegedly demanding unreasonable conditions in loan issuance
May 9, 2013
-
6m stores to join boycott
The nationwide rage against Namyang Dairy Products Co., which allegedly strong-armed distributors into ordering more products, reached new heights on Thursday, as millions of independent store owners vowed to join an ongoing boycott against one of the country’s largest dairy producers.More than 150 associations of pro-small business activists and independent store owners called on Namyang to fully compensate for the “material and emotional damage it caused to the victims.” They added that some s
May 9, 2013
-
French chamber launches Business Women’s Club
The French Korean Chamber of Commerce and Industry launched a Business Women’s Club in a bid to promote women’s role in the workforce through discussions to improve the work-life balance for women in Korea.FKCCI board directors Jenny Kim, a tax attorney at law firm Kim & Chang, and celebrity and businesswoman Ida Daussy launched the club which will be open to all businesswomen in Korea including those working for foreign companies.“The rate of female executives is very high among French companie
IndustryMay 9, 2013
-
American Airlines launches direct flights from Seoul to Dallas
American Airlines announced Thursday that it would from Friday begin a non-stop service connecting Seoul and Dallas, the first direct route by the U.S. airline between the two countries. The daily flight will be operated by a three-class Boeing 777-200 aircraft with a late afternoon departure from Incheon arriving into Dallas the same afternoon, local time, the company said. American Airlines is seeking to expand its presence in Asia, with its merger with U.S. Airways awaiting antitrust approval
IndustryMay 9, 2013
-
Forum to discuss action plans for water crisis
The 7th World Water Forum slated for 2015 in Korea will focus on developing action plans for implementation to tackle water shortages and pending issues the world is facing, a top organizer said.“Discussion of the 2015 Forum will start at the kick-off meeting to be held May 14 and 15 in Daegu, and one of top agendas will be how to implement discussed solutions for the global water crisis,’’ said chairman Lee Jung-moo of the National Committee for the 2015 World Water Forum.Speaking in an intervi
May 9, 2013
-
SK Hynix to appeal U.S. court order on Rambus payment
SK Hynix, the world’s second-largest chip supplier, on Thursday said it would appeal a recent U.S. court order reducing its payment to Rambus, a U.S.-based designer of high-speed memory chips. The two firms are currently enmeshed in a patent litigation. SK Hynix had hoped for the payment to be thrown out entirely. The order said the payment should be slashed by $250 million, as Rambus had obstructed related evidence. The South Korean chipmaker said it was planning an appeal as soon as the court
IndustryMay 9, 2013
-
KB chief warns of capital outflow from Asia
KB Financial Group chairman Euh Yoon-dae on Thursday raised the possibility that Asian countries may experience a massive outflow of funds in the wake of some developed countries’ quantitative easing.His remarks come during the first day of the two-day summit of some 120 Asian financial leaders, dubbed the 2013 Institute of International Finance Asia CEO Summit, at the Westin Chosun Hotel in downtown Seoul.“Should developed countries unexpectedly adopt an exit strategy (from Asia) upon world eco
May 9, 2013
-
Women are born to be overeaters: study
Women gorging or vomiting are generally considered those who have failed to adapt to cultural pressure and are obsessed with thin bodies. However, according to a recent study from Michigan State University, women are biologically born to be more likely to overeat than men.The researchers led a feeding experiment on 60 rats, half of them male and half female. Scientists studied the eating habits of each gender group by regularly replacing the food pellets with vanilla frosting.The experiment res
TechnologyMay 9, 2013
-
Samsung executive apologizes for gaffe over gas leak
An executive of Samsung Electronics Co. apologized on Thursday for his “careless” comments about a recent gas leak at the company’s chip factory.Jun Dong-soo, who heads the memory division of Samsung’s semiconductor business, reportedly told reporters that he “just has to make money” when asked about the hydrofluoric acid gas leak at the company’s chip plant last week.“I sincerely apologize for causing a fuss by making careless comments,” Jun said via a public letter of apology he posted on the
IndustryMay 9, 2013
-
Seoul shares spike 1.18 pct on rate cut
South Korean stocks rallied 1.18 percent Thursday as the central bank's decision to cut its key interest rate boosted investor sentiment here, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 23 points to finish at 1,975.45. Trading volume was moderate at 324.8 million shares worth 4.9 trillion won (US$4.56 billion) with gainers outnumbering decliners 521 to 291. Analysts said the rise came as South Korea's central
May 9, 2013
-
Money talks, after all
Higher income seems to improve happiness even if the amount of earnings exceeds a certain level, National Bureau of Economic Research found. The NBER conducted research on the top 25 countries with the highest population in the world to analyze the relationship between income and happiness, and concluded that people’s happiness is proportional to their family income. The degree of happiness, however, was found to be different depending on the country. Among families from the top 25 countries wit
TechnologyMay 9, 2013
-
Won gains most among global currencies in one month
The South Korean won has strengthened against the U.S. dollar at the fastest clip compared with other currencies in the last few weeks, spawning concerns over a sudden in and outflow of foreign funds, data showed Thursday. The local currency has soared 4.9 percent to the greenback in the last four weeks, closing at 1,086.50 won as of Wednesday, breaching the 1,100 won mark for the first time since Sept. 29, 2008, according to the Bank of Korea (BOK) and the Seoul foreign exchange market. The won
May 9, 2013
-
Seoul shares up 0.93 pct in late-morning trade
South Korean stocks traded 0.93 percent higher late Thursday morning on the central bank's decision to cut its key interest rate, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) moved up 18.13 points to 1,974.58 as of 11:20 a.m. Shares gathered ground across the board, with market behemoth Samsung Electronics rising 1.08 percent and top chipmaker SK hynix climbing 1.75 percent. Top steelmaker POSCO added 0.62 percent. South Korea's central bank delivered the first in
May 9, 2013
-
A romp for the Heat, who top Bulls 115-78
The Miami Heat recorded its most lopsided playoff win in franchise history and inflicted the heaviest such defeat on Chicago by beating the Bulls 115-78 on Wednesday, squaring their NBA Eastern Conference semifinal series 1-1.Nine technical fouls, two ejections and a lot of pushing and shoving also injected some venom into the series, as the Heat turned what was a close game in the first half into a blowout.In Wednesday's other game, the Golden State Warriors withstood a big comeback from San An
TechnologyMay 9, 2013
-
BOK cuts rate to 2.50%
The Bank of Korea made a surprising cut of its key interest rate to 2.50 percent from 2.75 percent, a move seen aimed at boosting the economy and exports hit by low growth and the weak yen.But critics said the central bank made the rate cut, the first in seven months, in the face of growing pressure from political circles and the administration.They said the decision could undermine the central bank’s credibility as an independent entity, which BOK Gov. Kim Choong-soo had emphasized was especial
May 9, 2013
-
Foreign ownership of listed shares drops to 8-month low
The combined foreign ownership of shares listed on South Korea's main bourse fell to an eight-month low as of Tuesday, apparently due to the protracted economic slowdown, data has showed. Overseas investors held 34.02 percent of the total market value, marking the lowest number since 33.98 percent tallied in September last year, according to the Korea Financial Investment Association data that came out Thursday. Foreigners' presence on blue-chip exporters fell, with their stakes in Samsung Elec
May 9, 2013
-
Seoul shares open higher on U.S. gains
South Korean stocks opened higher Thursday, tracking overnight gains on Wall Street on rising hopes for an economic recovery, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved up 8.05 points, or 0.41 percent, to 1,964.50 in the first 15 minutes of trading.Shares gathered ground across the board, with market behemoth Samsung Electronics rising 0.81 percent and top steelmaker POSCO moving up 0.16 percent. Leading builder Hyundai Engineering & Construction Co. advanced 0.6
May 9, 2013