Most Popular
-
1
Medical profs at top hospitals suspend surgeries, clinics
-
2
Exports to US reach all-time high, widen gap with China
-
3
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
4
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
5
Shinsegae faces showdown with investors over SSG.com's delayed IPO
-
6
Hopes rise for possible Gaza truce deal
-
7
Ex-pro baseball player who killed debtor appeals sentence
-
8
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
9
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
10
[Music in drama] Rekindle a love that slipped through your fingers
-
Hand gestures for in-car controls?
Japanese carmaker Toyota says it is developing technology to allow drivers to control certain in-car functions such as radio volume with simple hand gestures.The head of Toyota‘s U.S. division said the company is working on new hand-motion technology that could have in-car applications to help limit distracted driving by keeping a driver’s eyes on the road.“We believe the driver must always be engaged,” Jim Lentz told The Wall Street Journal at the Los Angeles Auto Show. “It‘s really, really cri
TechnologyDec. 4, 2012
-
Study reveals many lipsticks contain lead
Many of the lipsticks in the market today contain lead, according to recent research, and some scholars said they may pose a threat to the health of the general public.Underwriters Laboratories, a global safety and quality certification company, did random testing on 22 different lipsticks and lip glosses and found that 12 of them contained lead, with the highest levels at 3.22 parts per million. The study was commissioned by U.S. broadcaster ABC’s “Good Morning America.”While this is below the
TechnologyDec. 4, 2012
-
Snow cover in Northern Hemisphere shrinks
Snow cover in Earth‘s Northern Hemisphere is shrinking with the level last June the lowest since satellite observations began 45 years ago, researchers say.Satellite data shows the maximum amount of snow across the Northern Hemisphere is slowly decreasing while spring snow, particularly at high latitudes, is melting significantly earlier, the European Space Agency reported Monday.The data shows record lows in Eurasia for June each year since 2008, while three of the past five years have seen rec
TechnologyDec. 4, 2012
-
S. Korea forecast to grow at 2 pct range next year
The South Korean economy is projected to expand at the 2-percent range in 2013 from this year, dampened by exhausted global stimulus measures and unabating eurozone debt troubles, foreign investment banks (IBs) said Tuesday. As of end-November, 10 global IBs, including Nomura and UBS, estimated the growth rate for Asia's fourth-largest economy to average 3 percent for 2013 and 2.3 percent this year, according to their data compiled by the Korea Center for International Finance (KCIF). Korea mark
Dec. 4, 2012
-
Korea to invest 930 bln won in nano industry until 2020
Korea will invest 930 billion won ($858.7 million) until 2020 to boost the nano industry as part of its efforts to make the country one of the world's top three players in the area, the government said Tuesday.The envisioned investment consists of 650 billion won set aside by the central government for its budget and 280 billion won assigned by the private sector and municipal governments, according to the Ministry of Knowledge Economy. The money will be spent on research and development activit
TechnologyDec. 4, 2012
-
Seoul shares open lower on pessimism
South Korean stocks opened lower Tuesday as poor U.S. data stoked growing concerns about a lackluster recovery, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 0.41 percent, or 7.96 points, to 1,932.06 in the first 15 minutes of trading.Most shares traded in negative territory, with market bellwether Samsung Electronics falling 0.7 percent and top air carrier Korean Air dipping 0.23 percent.The Dow Jones industrial average closed down 0.46 percent after U.S. manufactur
Dec. 4, 2012
-
AMCHAM hopes for business-friendly Korean president
The head of the American Chamber of Commerce in Korea expressed hope that the country would elect a business-friendly leader during the Dec. 19 presidential election.AMCHAM chairman Pat Gaines said Korea’s next president should be someone who is able to create an environment that helps bring down barriers for foreign business. “When you take a look at the amount of jobs created in Korea by foreign investment, the numbers are phenomenal. It means jobs. It means careers. It means money,” he said i
IndustryDec. 3, 2012
-
Consumer inflation slows on food price stability
Consumer inflation slightly slowed in November to 1.6 percent on-year, dipping below 2 percent for the first time in three months. On a monthly basis, the consumer price index dropped another 0.4 percent in November after shedding 0.1 percent in October as prices of vegetables and fruits stabilized after a jump in September due to a typhoon. The Finance Ministry forecast an annual inflation in the low 2 percent range, provided that prices maintain the current stability. The slowing inflation can
Dec. 3, 2012
-
Workers oppose CCTV use in nuke plant control rooms
A plan to install CCTV in the main control rooms of nuclear power plants across the nation is facing opposition from workers concerned about privacy.“We are reviewing the policy in a bid to reduce human errors in the main control room, which will help to rebuild public trust in nuclear power plants,” an official from the Korea Hydro & Nuclear Power said.CCTV has already been adopted in many areas of power plants except for their main control rooms, where workers oversee the operations. The offic
Dec. 3, 2012
-
Lee to ponder Samsung’s next move in Hawaii
Samsung Electronics Chairman Lee Kun-hee is expected to spend the remainder of the year in Hawaii, reportedly to mull over Samsung’s next step, industry sources said on Monday.Earlier in the day, Lee headed out to the island, accompanied by his wife. He is to stay in Hawaii for around a month. In particular, Lee is said to be concerned about Samsung’s next move, despite the fact the electronics company posted record-high earnings this year.He has warned several times that Samsung is in crisis, a
IndustryDec. 3, 2012
-
Korea, U.S. to hold business talks this week
A delegation composed of 14 government and business leaders will hold talks with their U.S. counterparts for bilateral economic cooperation in Washington this week, the Korea Chamber of Commerce and Industry said Monday.The Korean leaders included Knowledge Economy Minister Hong Suk-woo, KCCI chairman Sohn Kyung-shik, and Samsung Electronics vice chairman Kang Ho-moon.They are scheduled to visit Atlanta, Georgia and Washington, D.C. between Dec. 4-8. This will mark the first time for the two cou
IndustryDec. 3, 2012
-
British Airways launches Incheon-Heathrow route
British Airways resumed its direct flights between Seoul and London on Monday, upping its efforts in the growing Asian aviation market.Starting on Monday, the air carrier operates two airplanes ― BA17 and BA18 ― six times a week non-stop between Seoul’s Incheon International Airport and London’s Heathrow Airport. It was the company’s return to Korea 14 years after its route between Gimpo and Heathrow was shut down during the Asian Financial Crisis in the late 1990s. “We celebrate a milestone in
IndustryDec. 3, 2012
-
Shares up on foreign buying
South Korean stocks closed 0.37 percent higher on Monday as foreigners snapped up local shares amid easing eurozone fears and positive economic data, analysts said.The local currency slipped against the U.S. dollar. The benchmark Korea Composite Stock Price Index gained 7.12 points to 1,940.02. Trading volume was moderate at 304.6 million shares worth 3.3 trillion won ($3 billion), with decliners outnumbering gainers 484 to 318. “We saw some positive economic data in China and South Korea as wel
Dec. 3, 2012
-
Winter energy-saving campaign kicks off
The government launched an energy-saving campaign for the winter season with related public and private organizations, including the Korea NGO’s Energy Network, on Monday. The launch of the campaign was noticed in advance as a series of breakdowns of nuclear power plants due to different reasons triggered concerns of a power shortage during the winter. The campaign, which will last until Feb. 22, 2013, targets both citizens and large-sized office buildings. For citizens, the campaign will advise
Dec. 3, 2012
-
Audi Volkswagen Korea names new chief
Audi Volkswagen Korea said Monday that it has named Johannes Thammer as the new Korean representative of Volkswagen Group, seller of the Audi, Volkswagen and Bentley brands. He will also have the role of managing director of Audi Korea, while Park Dong-hoon remains managing director of Volkswagen Korea, said the Korean unit of the German carmaker. Thammer, born in Germany in 1955, is an automobile expert with more than 30 years of extensive experience ranging from product control to marketing, b
MobilityDec. 3, 2012
-
Firms stockpile cash to brace for global economic uncertainties
Corporate coffers in Korea are filling up as nervous local companies cut back on investment spending.The corporate sector has increasingly been tightening its purse strings as the economy has failed to manifest a clear rebound. Instead, companies are opting to keep their coffers filled with cash to prepare for future uncertainties, industry sources said on Monday.“We want to be stocked in cash and liquid assets in case the global economy fails to pick up,” said one executive, declining to be ide
IndustryDec. 3, 2012
-
Tax cut helps car sales recover
Korea’s five major automakers including Hyundai Motor sold 778,187 vehicles at home and abroad last month, posting a 8.9 percent on-year increase despite the global economic slowdown.Hyundai Motor said Monday that its vehicle sales at home and abroad logged 420,365 units in November, up 11.9 percent from a year earlier.The largest carmaker in Korea sold 61,608 units in the local market and 358,757 units in the overseas market, reporting 12.6 percent and 11.8 percent on-year growth, respectively.
IndustryDec. 3, 2012
-
Foreign financial firms’ earnings nosedive
Foreign financial firms here saw sharp declines in both profit and market share this year, with some packing up to leave the country blaming double regulation and bias in addition to domestic banks’ dominance.Third-quarter net profits of Standard Chartered Bank Korea and Citibank plummeted 64 percent to 40.8 billion won ($37.7 million) and 73.3 percent to 37.1 billion won, respectively, compared to last year.Goldman Sachs Asset Management decided last month to shut down its Seoul office five yea
Dec. 3, 2012
-
Missing Pacific island riddle solved: researcher
A New Zealand researcher Monday claimed to have solved the riddle of a mystery South Pacific island shown on Google Earth and world maps which does not exist, blaming a whaling ship from 1876.The phantom landmass in the Coral Sea is shown as Sandy Island on Google Earth and Google maps and is supposedly midway between Australia and the French-governed New Caledonia.The Times Atlas of the World appears to identify it as Sable Island, but according to Australian scientists who went searching last
TechnologyDec. 3, 2012
-
Sense of smell key to successful relationship: study
Having an impaired sense of smell can cause trouble when maintaining a relationship because it can cause people to be insecure, according to a new study by European scientists.“It may well be that we are exchanging much more information through body odors than we are aware of,” study co-author Thomas Hummel, from the University of Dresden in Germany, said in an interview with Livescience.com.He added people are “governed by our noses in some ways.”Researchers analyzed data from the people suffer
TechnologyDec. 3, 2012