Most Popular
-
1
Seoul vows action over Naver's Line, Yahoo dispute
-
2
[Grace Kao] American racism against Stray Kids
-
3
Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
-
4
NewJeans' members' parents complained to Hybe, email shows
-
5
Controversy brews over shakeup of prosecutors amid probe of first lady
-
6
Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
-
7
OpenAI gives ChatGPT new powers to see, hear
-
8
[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
-
9
[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
-
10
S. Korea to inject $70m into AI-powered public education
-
Woulfe to clinch deal for tungsten project in Korea
Woulfe Mining, a Canada-based mining company, is near finalizing a deal to invest some 300 billion won ($260 million) to finance the redevelopment of Sangdong tungsten mine in Yeongwol, Gangwon Province, said a source familiar with the situation.The investment would also include building a processing plant in the region, with Woulfe’s strategic partner TaeguTec securing a long-term supply of the rare metal materials used for the production of its special industrial tools.This could be the bigges
IndustryFeb. 24, 2013
-
Sustinvest considers further ties with Sustainalytics
It has been nearly seven years since Sustinvest was established by CEO and founder Ryu Young-jae.Ryu now faces even bigger task of providing analytical information on the environmental, social and governance performance of listed companies as domestic pension funds seek to expand socially responsible investing.As its biggest client, the National Pension Service, which has become a “whale in a small pond,” seeks to increase stock investment for higher returns, Sustinvest will also need to boost i
IndustryFeb. 24, 2013
-
Expert: Coffee mug on desk a germ machine
Reusing a coffee mug at the office is great for the environment, but a U.S. germ expert advises taking the mug home for dishwasher washing. Professor Charles P. Gerba of the University of Arizona's Department of Soil, Water and Environmental Science suggested when drinking a mug of coffee at the office, don't nurse the cup for longer than an hour or so. "Colonies of germs are living in your favorite cup. Twenty percent of office mugs carry fecal bacteria, and 90 percent are covered in oth
TechnologyFeb. 24, 2013
-
Slowly cutting salt use would save lives
Slowly cutting back on U.S. salt consumption to achieve a 40 percent reduction would save 280,000 to 500,000 lives over 10 years, researchers say.Lead author Pamela Coxson, a mathematics specialist in the department of medicine at the University of California, San Francisco, and colleagues used computer simulations and models to project the effects of reducing salt intake by about 5 percent of a teaspoon of salt per day to lower Americans‘ average intake of 3,600 milligrams per day to about 2,20
TechnologyFeb. 24, 2013
-
India tech tycoon donates $2.3 bn to charity
Indian software tycoon Azim Premji said Saturday he has given $2.3 billion to an education charity that he controls, reportedly the biggest charitable donation in the country‘s recent history.It is his second recent big donation after giving almost $2 billion to the charity in 2010, and came shortly after he joined the Giving Pledge club set up by Microsoft co-founder Bill Gates and billionaire investor Warren Buffet.In Saturday’s donation, the chairman of software firm Wipro transferred shares
TechnologyFeb. 24, 2013
-
Seoul shares expected to trade higher on new gov't hope
South Korean stocks are expected to trade higher next week on the back of rising hopes for the country's economy following the upcoming inauguration of President-elect Park Geun-hye, analysts said Saturday.The benchmark Korea Composite Stock Price Index closed up 37.71 points, or 1.9 percent, to 2,018.89 on Friday from the previous week.Earlier this week, the KOSPI moved up as the investor sentiment was heightened by a G20 meeting of finance ministers and central bankers, where officials raised
Feb. 23, 2013
-
Microsoft added to hacker hit list
SAN FRANCISCO (AFP) -- Microsoft joined Facebook and Apple on Friday on the list of US technology titans targeted in recent cyberattacks."As reported by Facebook and Apple, Microsoft can confirm that we also recently experienced a similar security intrusion," Trustworthy Computing team general manager Matt Thomlinson said in a blog post."During our investigation, we found a small number of computers, including some in our Mac business unit, that were infected by malicious software using techniqu
TechnologyFeb. 23, 2013
-
JB Financial Group to make debut
The Financial Services Commission said Friday that it has endorsed the establishment of JB Financial Group, which will be headquartered in North Jeolla Province.The financial group will act as the parent unit of Jeonju City-based Jeonbuk Bank. Jeonbuk Bank had said it was considering a transformation into a financial holding company in a bid to boost its competitiveness through more integrated business of affiliates.The provincial bank also said it was reviewing the shift for the long haul in a
Feb. 22, 2013
-
Court OKs Woongjin’s self-rescue plan
A Seoul court on Friday gave the green light to a self-rescue plan proposed by Woongjin Holdings Co., clearing the way for the cash-strapped mid-sized group to make a fresh start.Under the approved plan, Woongjin Holdings, which owes about 1.57 trillion won ($1.5 billion) to its creditor banks, said it will pay off its debts with proceeds from its stake sale of several subsidiaries.The group will first sell its stake in its chemical unit, Woogjin Chemical Co.; its food unit, Woongjin Foods Co.;
Feb. 22, 2013
-
Judge says Samsung, Apple must narrow patent suit
Apple Inc. and Samsung Electronics Co. must narrow their patent-infringement lawsuit case scheduled for trial in 2014, a judge ruled.U.S. District Judge Lucy Koh in San Jose, California, Friday told lawyers from both companies that they must “focus and streamline” their cases to 25 patent claims, or elements of the patents at issue, and 25 accused products.Koh made the request from the bench Friday in the latest of two related patent cases. The lawsuit was filed last year and covers technology i
TechnologyFeb. 22, 2013
-
New government to drive exports of nuclear plants
The coming Park Geun-hye government is expected to take a two-track policy of promoting exports of nuclear power plants while curbing expansion of the industry at home. The outline of 140 major projects that the presidential transition committee unveiled on Thursday said the new government will support exports of nuclear plants in an attempt to boost the economy. But it didn’t present a clear direction on the increase of nuclear reactors at home. The president-elect has continued to stress the s
IndustryFeb. 22, 2013
-
‘Apple missed shared growth’
Yoo Jang-hee, chief of the National Commission for Corporate Partnership, on Friday accused Apple Inc. of overlooking the need for shared growth with other companies.“Apple has been going through hardship lately because it neglected the importance of shared growth,” Yoo said in a seminar of CEOs hosted by the Korea Employers Federation.Dividing corporate activities into those powered by “tangible motives” such as profit and outcome, and “intangible motives” including social values and humanity,
IndustryFeb. 22, 2013
-
Ergo Daum faces sanction for rigging figures
The Financial Supervisory Service is considering taking punitive measures against Ergo Daum Direct, an online auto insurance firm, for fabricating the ratio of insurance payouts to premiums ― also called loss ratio.Though FSS officials said they have yet to decide on the sanction level, there is a high possibility that the insurance firm will be issued an institutional “warning” or “caution” by the regulator.But the punishment is not expected to deal a heavy blow to the insurance firm’s business
Feb. 22, 2013
-
More youths struggle with debt
Debt rescheduling requests filed by South Koreans in their 20s surged last year largely due to heavy financial burdens from repaying loans for school fees and living expenses amid low employment, data showed Friday.The number of applicants aged 29 or below for a personal debt rescheduling program stood at 6,809 last year, up 4.2 percent from 6,535 the previous year, according to the data by the Credit Counseling and Recovering Service. In South Korea, a borrower who is three months or more behin
Feb. 22, 2013
-
GM renews commitment to Korea
General Motors on Friday renewed its commitment to its Korean operations, pledging to invest 8 trillion won ($7.3 billion) over the coming five years. The promised money exceeds the total 10 trillion won that the U.S. auto giant has poured into the branch over the past 10 years since the establishment of GM Korea. “It’s a real story,” Tim Lee, head of GM’s international operations, during a press conference at the Korean unit’s headquarters in Bupyeong, Incheon.“GM Korea is part of GM’s success
IndustryFeb. 22, 2013
-
Kyobo launches subscription ebook service
Korea’s biggest bookstore chain Kyobo Book Center has launched a subscription-based e-book service ‘Sam’ and a dedicated e-book reader, sparking disputes about whether its pricing might undercut smaller rivals in the nascent market. In a press conference held on Thursday, Kyobo said its e-book service offers a one to two-year membership to readers, during which they can enjoy a certain number of titles every month. The company also rolled out its own e-book device that runs on Android targeting
TechnologyFeb. 22, 2013
-
Zombie stories legacy of modern wars: scholar
A recent surge in popularity of apocalyptic zombie fiction may be attributed to major wars in human history, a U.S. literary scholar claimed in her recent paper.Angela Becerra Vidergar, a doctoral candidate in comparative literature at Stanford University, alleged that depicting apocalyptic futures may be humans’ way of coping with traumatic events such as World War II.In her doctoral dissertation, “Fictions of Destruction: Post-1945 Narrative and Disaster in the Collective Imaginary,” she said
TechnologyFeb. 22, 2013
-
Gender-based traits ‘flexible’: study
A masculine woman or a feminine man may not be such an exception, a study suggested, citing the greater-than-expected volume of character traits shared by men and women.Men, for example, can be as care-giving, empathetic and self-sacrificing as women. Likewise, women can be talented in science or math, think logically, and value looks when finding a mate -- traits traditionally associated with men. The study analyzed the data of 122 behavioral and personality factors from 13,301 participants who
TechnologyFeb. 22, 2013
-
Seoul shares close almost flat on global events
South Korean stocks closed almost flat on Friday as investors set on the sidelines ahead of major events around the globe, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 0.18 percent, or 3.67 points, to 2018.89. Trading volume was moderate at 403.2 million shares worth 3.9 trillion won (US$3.66 billion) with gainers outpacing losers 422 to 375."The stock market moved in a narrow range as investors took a wait-and-
Feb. 22, 2013
-
Seoul shares up 0.47 pct in late-morning trade
South Korean stocks traded 0.47 percent higher late Friday morning due to gains in carmakers and shipbuilders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.46 points to 2,024.68 as of 11:20 a.m.Carmakers led the market gain, with No. 1 player Hyundai Motor advancing 1.39 percent and its smaller affiliate Kia Motors adding 0.73 percent. Top auto parts manufacturer Hyundai Mobis moved up 0.65 percent.Shipbuilders also gathered ground, with Hyundai Heavy Industrie
Feb. 22, 2013