Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Samsung rules in smartphones
It was no surprise to see Samsung Electronics, the world’s biggest maker of memory chips and smartphones, post a more than 40 percent increase in its first quarter net profit on the back of brisk shipments of its flagship Galaxy lineup. Net profit reached 7.15 trillion won ($6.44 billion), up from the 5.05 trillion won in the previous quarter a year earlier, the company said on Friday. On the same day, Samsung Electronics Vice Chairman Lee Jay-yong and his fellow executives met with Google CEO L
TechnologyApril 26, 2013
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Seoul shares edge down on weak momentum
South Korean stocks closed 0.36 percent lower Friday as investors sat on the sidelines due to the weak growth momentum in the market, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 7.04 points to finish at 1,944.56. Trading volume was low at 274.5 million shares worth 4 trillion won ($3.6 billion) with gainers outnumbering decliners 428 to 365.“Investors took a wait-and-see approach due to the lack of upward momentum in the sto
April 26, 2013
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KB, Hana post weak Q1 earnings
KB Financial Group reported weak quarterly earnings beset by weak lending amid the economic slowdown.The financial holdings giant posted a net profit of about 413 billion won in the first quarter of this year, down more than 32 percent from 608.4 billion won a year earlier, the company disclosed Friday.It performed below the market consensus of a 30 percent decrease in profit at around 420 billion won.Its sales reached 6.2 trillion won, down about 10 percent from 6.9 trillion won in the same per
April 26, 2013
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LGE rises to world’s No. 3 in smartphones
LG Electronics became the world’s third largest smartphone vendor for the first time since it began to sell the devices back in 2009, the Seoul-based company said on Friday, citing research data from Strategy Analytics.LG shipped a total of 10.3 million smartphones in the first quarter, which was more than double the 4.9 million units it recorded a year earlier, with its market share standing at 4.9 percent, the data showed.“LG was a star performer as its global shipments doubled year-over-year
TechnologyApril 26, 2013
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Business circles condemn ‘anti-corporate’ bills
The nation’s five major business bodies loudly voiced their disapproval on Friday of bills for extending the retirement age and other pro-welfare initiatives stemming from President Park Geun-hye’s economic democratization policies. “We express our collective concern over the anti-corporate sentiment that is evident in recent bills proposed by lawmakers,” said Kim Young-vae, vice president of the Korea Employers Federation at an emergency press conference at Plaza Hotel.The KEF was joined by the
April 26, 2013
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Sexually explicit material affects behavior, but not by much
Viewing sexually explicit material via the Internet, videos and magazines may affect teen and adult sex behavior but less than thought, Danish researchers say.Gert Martin Hald of the University of Copenhagen in Denmark and colleagues conducted an online survey of 4,600 people ages 15-25, who lived in The Netherlands.The survey revealed 88 percent of males and 45 percent of females said they watched sexually explicit material via the Internet, magazines, videos, television or other media in the p
TechnologyApril 26, 2013
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Seoul shares open lower on Q1 earnings woes
South Korean stocks opened lower Friday, as investors' sentiment was dented by the rising concerns over the listed firms' first-quarter earnings, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 3.61 points, or 0.18 percent, to 1,947.99 in the first 15 minutes of trading.Carmakers traded bearish, with No. 1 industry player Hyundai Motor falling 0.77 percent and its smaller affiliate Kia Motors losing 0.76 percent. Top auto parts maker Hyundai Mobis shed 1.12 percent.Tec
April 26, 2013
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Samsung Q1 net jump 42 pct on Galaxy boom, higher chip prices
Samsung Electronics Co., the world's top maker of computer memory chips and smartphones, said Friday its first-quarter profit spiked 42 percent from a year earlier, buoyed by robust shipments of its flagship Galaxy S3 handsets.Net profit came to 7.15 trillion won ($6.44 billion) in the January-March period, compared with 5.05 trillion won a year earlier, the company said in a regulatory filing.Revenue soared 16.8 percent on-year to 52.87 trillion won in the first quarter and operating profit cli
IndustryApril 26, 2013
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Creditors agree to provide STX Offshore with 600 bil. in emergency loans
Creditors of STX Offshore & Shipbuilding agreed Thursday to provide the ailing South Korean shipbuilder with 600 billion won (US$540 million) in emergency loans, the main creditor bank said. STX Offshore, the shipbuilding unit of STX Group, a South Korean shipping and shipbuilding conglomerate, has been suffering a credit crunch as demand for new ships has fallen sharply in the past few years. A senior official at Korea Development Bank (KDB), the main creditor, said that seven creditor bank
IndustryApril 25, 2013
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Korea urged to play bigger role in fighting AIDS, TB, malaria
A global financing institution to fight HIV/AIDS, tuberculosis and malaria requested Korea to play a bigger role in international efforts to defeat the diseases that threaten hundreds of millions of lives, especially in poor countries.“This is a historic opportunity to defeat the three diseases. I am appealing to Korea to consider what Korea wants to contribute to this global effort,” Christoph Benn, external relations director of the Global Fund to Fight AIDS, Tuberculosis and Malaria, said in
TechnologyApril 25, 2013
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Authorities at odds over growth
The Bank of Korea and the Ministry of Strategy and Finance seem to be at odds over the country’s growth prospects, raising the possibility of another round of debate over the key base rate.The central bank announced Thursday better-than-expected gross domestic product growth of 0.9 percent in the first quarter owing to improved exports and revived facility investment. But the government still says it is time for monetary policy to kick in and work alongside fiscal policy so the economy can break
April 25, 2013
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[Graphic News] Seoul posts poor growth in equities
South Korea lagged far behind major countries in growth of stock prices this year due mainly to lackluster private consumption and a slowdown in export performance upon Japan’s weakening yen. According to an adjusted index unveiled by the U.S.-based Morgan Stanley Capital International, the country recorded minus 0.5 percent growth on-quarter of composite equity prices during the first quarter.The MSCI Index for the shares on the Korean bourse dropped from 575.311 at the end of 2012 to 572.151 a
April 25, 2013
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Fish feat: Reef predator uses sign language to hunt
PARIS (AFP) ― The roving coralgrouper, a predator fish of the tropical reef, uses sign language to advise fellow hunters of hiding prey, according to a study published on Tuesday.It is the first time that a fish has been known to make “referential gestures,” or specific signs that alert a partner to an object of mutual interest, it said.Reporting in the journal Nature Communications, a trio of biologists at Switzerland’s University of Neuchatel and Cambridge University in England studied how the
TechnologyApril 25, 2013
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KISTI launches first English journal on IT
The state-funded Korea Institute of Science and Technology Information has launched the first English-language journal of information science in Korea. The quarterly Journal of Information Science Theory and Practice publishes outcomes of research on diverse theories of information science and their application. KISTI plans to increase its publication frequency in the years to come. The institute held an event April 18 at its headquarters in Daejeon to celebrate the launch of the journal.Co-edit
TechnologyApril 25, 2013
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KFDA bans sale of children’s Tylenol syrup
The Korea Food and Drug Administration has prohibited sale of two Tylenol syrup products for children, saying they may contain unsafe levels of acetaminophen, officials said.Acetaminophen, generally used for inflammatory pain, is known to be safe but the drug can cause liver damage if taken in excess, they added.The drug administration has also informed hospitals and pharmacies of its decision and requested them not to prescribe or sell the drug. The two products are Children’s Tylenol Syrup 100
TechnologyApril 25, 2013
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KCDC issues malaria alert to travelers
Travelers planning overseas trips need to pay extra attention to malaria infection, as the major transmission season for the disease starts in June, the state-run Korea Centers for Disease Control said Thursday.Seventy-eight percent of malaria cases in Korea last year occurred between June and September. The country had about 500 malaria reports, mostly from plasmodium vivax, the most frequent cause of recurring malaria. KCDC officials recommended travelers to wear long shirts and pants outdoors
TechnologyApril 25, 2013
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Underarm odor
There are two types of sweat glands ― the apocrine glands that produce odor, and the eccrine glands that produce ordinary sweat. Osmidrosis refers to over-secretion of the apocrine glands in the axillary region, or the armpit, causing an unpleasant underarm odor. 1. Sweat glandsApocrine glands are distributed over the skin of the body from 4-5 months after birth, and gradually disappear, leaving behind those in only a few places such as the axilla, external auditory canal, areola, around the nav
TechnologyApril 25, 2013
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Panel recognizes FTA damages for SMEs
The Korean Trade Commission ruled that three small-sized companies last year suffered direct trade losses from the effectuation of the Korea-EU or Korea-U.S. free trade agreements, officials said Thursday.The three corresponding firms were a pork processor, a spinning machine accessory producer and a wine manufacturer.The first two experienced a drastic fall in sales in the first half of last year due to the increase of imports from Europe. The wine company was hit by the mass imports of U.S. wi
IndustryApril 25, 2013
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Incheon Airport to host ACI conference in 2014
Incheon International Airport won the bid to host the 2014 Airports Council International Asia-Pacific Regional Assembly, Conference and Exhibition, company officials said Thursday. The selection was made at this year’s conference held in Phuket, Thailand, from April 22-25. Lee Young-keun, acting president of the airport, said the conference will be held from May 26-28 at COEX in southeastern Seoul, adding that he expected to welcome around 600 guests. “Incheon Airport has been named the best ai
April 25, 2013
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Samsung Electro-Mechanics Q1 net soars 39 percent
Samsung Electro-Mechanics Co., a South Korean industrial parts maker, said Thursday its first-quarter net profit jumped 39 percent from a year earlier on the back of growing demand for mobile components.Net profit reached 97.8 billion won ($87.5 million) in the January-March period, compared with a profit of 70.4 billion won in the previous year, the company said in a regulatory filing.Revenue climbed 17 percent on-year to 2.04 trillion won in the past quarter, and operating profit surged 20 per
April 25, 2013