Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Police officer jumps barefoot into drainage tunnel to save man
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Yoon interacts with public for 1st time since election defeat
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Lee Sun-kyun's posthumuous film to hit theaters in August
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Moderate to binge drinking can hurt brain
Moderate to binge drinking -- drinking less during the week and more on weekends -- reduces the structural integrity of the adult brain, U.S. researchers say.Lead author Megan Anderson, a graduate student working with Tracey J. Shors, a professor in the Department of Psychology at Rutgers University, The State University of New Jersey, and postdoctoral fellow Miriam Nokia of the University of Jyvaskyla in Finland, said a blood alcohol level of 0.08 percent -- the U.S. legal driving limit -- aff
TechnologyOct. 28, 2012
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S. Korea to log 20 tril. won in fiscal deficit annually until 2016
South Korea will post about 20 trillion won ($18.2 billion) in fiscal deficit every year until 2016, a parliamentary office said Sunday, casting doubt over the government's push to achieve a balanced budget in a couple of years.According to data provided by the National Assembly Budget Office, South Korea will post about 18.5 trillion won in fiscal deficit next year, far higher than the government's deficit forecast of 4.8 trillion won.The larger-than-expected shortfalls come mainly from the off
Oct. 28, 2012
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Korea's rocket launch expected in mid-November
South Korea is likely to make its third attempt to launch its first-ever space rocket in mid-November at the earliest after being forced to postpone it hours before liftoff due to a technical glitch, officials said Saturday.On Friday, South Korea postponed its latest attempt to launch the Korea Space Launch Vehicle-1 (KSLV-1), also known as Naro-1, after a potential fuel leak was detected during the final inspection.Officials at the Ministry of Education, Science and Technology and the Korea Aer
TechnologyOct. 28, 2012
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German doctors remove 28-kilo tumor from woman
Doctors in Germany said Friday they had removed a tumor weighing 28 kilogram’s (62 pounds) from a 60-year-old woman who had previously been diagnosed as obese.A spokesman from the university clinic in the eastern city of Dresden said the woman, Irmtraud Eichler, had made a full recovery after the seven-hour operation and was now able to walk again with crutches.The so-called "borderline" tumor, measuring 60 centimeters (24 inches) by 50 centimeters, attached itself to an ovary and Eichler began
TechnologyOct. 28, 2012
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POSCO says talks to buy Arrium still under way
The Australian unit of South Korea's top steelmaker POSCO is still in talks to buy Australian miner and steelmaker Arrium Ltd., which recently rejected a takeover offer, its head said.In early October, Arrium rebuffed a takeover bid by a consortium including POSCO Australia Pty and Noble Group Ltd. valued at A$1.01 billion ($1.04 billion)."The consortium continues to have talks with Arrium," Shin Soo-cheol, managing-director of POSCO Australia, told reporters on Friday."We are discussing the iss
IndustryOct. 27, 2012
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China's health authorities order recall of Korean instant noodles
China's health authorities have ordered a recall of Nongshim Co.'s instant noodle products that were found to have been tainted in its home country South Korea, officials said Saturday.China's General Administration of Quality Supervision, Inspection and Quarantine made the announcement on its Web site against six types of instant noodles products made by South Korea's largest instant noodle maker.The affected noodles include popular Neoguri, bowl-type Neoguri and Saeng Saeng Noodle. They were f
IndustryOct. 27, 2012
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Seoul shares may gain ground next week: analysts
The South Korean stock market may gain ground next week, but advances are not likely to be large amid nagging concerns about the global economy, analysts said Saturday.The benchmark Korea Composite Stock Price Index finished at 1,891.43 this week, down 2.7 percent from a week earlier, beset by the eurozone debt problems and weak corporate earnings results.The KOSPI fell below the 1,900-point for the first time in more than one month Friday after the central bank said that Korea's third-quarter g
Oct. 27, 2012
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Korea Southern said to seek stake in $8 billion carbon project
Korea Southern Power Co., a unit of the nation's monopoly power distributor, is in talks to buy a stake in a British carbon-capture project that may cost 5 billion pounds ($8 billion) to develop, people familiar with the discussions said.The level of Korean equity ownership in the project owned by 2Co Energy Ltd. would be determined after 2Co determines how much funding it can obtain from European investors, said the people who asked not to be named because the discussions are confidential. One
BusinessOct. 27, 2012
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Korea falls in love with horses
Equestrian sports seem to be all the rage, punctuated by international singer Psy’s enticingly addictive “horse dance,” and industry watchers expect the trend to stay. “It all goes back to maybe a decade ago that Koreans, mostly from the wealthier class, started to take an interest in riding,” said Park Kyung-won, manager of the Korea Racing Authority’s equestrian sports promotion team. “More people are now slowly but steadily catching on, and I believe in another 10 years, horseback riding will
IndustryOct. 26, 2012
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Helping children by horsing around
INCHEON ― Seeing kids change is the most incredible feeling, says Yoon Ga-eun, one of the three instructors and professional riding therapists at Riding Healing Center in Incheon Metropolitan City. “I’ve seen many of these kids brighten up after just a few classes. They used to have no idea why they were sent here, but these days they come running to me to tell me how happy and more adjusted they feel,” Yoon told The Korea Herald. “Kids gain confidence simply by sitting tall on horseback. I tell
IndustryOct. 26, 2012
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Riding helps heal strained teens
INCHEON ― Looking nervous, five middle school girls stepped timidly into the riding ring on Wednesday afternoon at the Riding Healing Center in Incheon. They whispered among themselves while awkwardly putting on their riding gear in the corner, refusing to set their eyes on any other object or person there. But at the sight of their instructor and horses, they seemed to instantly relax. There was also a tinge of delight and excitement in their eyes as they bowed deeply to one another. Following
IndustryOct. 26, 2012
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SK Innovation profit tumbles
SK Innovation Co., South Korea’s top refiner, said Friday that its third-quarter net profit nosedived 72 percent from a year earlier due to decreased refining margins.Net income came to 509.7 billion won ($465 million) in the July-September period compared with 1.82 trillion won a year ago, the company said in a regulatory filing.Sales, however, rose 7.5 percent to 18.5 trillion won on-year in the period, while operating profit fell 24.7 percent to 648.7 billion won.Compared with the previous qu
IndustryOct. 26, 2012
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Hyundai Steel swings to black in Q3
Hyundai Steel Co., South Korea’s second-largest steelmaker, said Friday that it swung to a profit in the third quarter thanks to cost-cutting efforts.Net profit reached 232.9 billion won ($212.5 million) in the three months ended Sept. 30, compared with a net loss of 136.9 billion won a year ago, Hyundai Steel said in a regulatory filing.Sales, however, fell 9.06 percent on-year to 3.4 trillion won in the period and operating profit fell 19.4 percent to 230 billion won.Hyundai Steel said decreas
IndustryOct. 26, 2012
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LIG Group chairman pledges to compensate for fraud victims
Koo Cha-won, chairman of embattled LIG Group on Friday vowed to compensate for the victims of the latest fraud committed by LIG affiliates, indicating he may dip into his own pockets if necessary. “I deeply apologize to all the victims of the commercial paper fraud, and regardless of exactly who or what was the cause of this issue, I will take full responsibility,” said a teary Koo at a press conference held at the LIG Group headquarters in Seoul. He said he would establish detailed compensatio
IndustryOct. 26, 2012
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Seoul shares sink 1.72 percent on growth woes
South Korean stocks fell 1.72 percent Friday as the country’s weaker economic growth put a dent in investor sentiment amid a lack of market momentum, analysts said. The local currency gathered ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 33.07 points to close at 1,891.43. Trading volume was moderate at 432.1 million shares worth 4.54 trillion won ($4.14 billion), with losers far outstripping gainers 680 to 171.“The market is taking the quarterly growth a li
Oct. 26, 2012
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LG Display logs first operating profit in 2 years
South Korean display giant LG Display Co. on Thursday reported its first operating profit in two years in the third quarter, driven by increasing sales of specialty products and seasonal demand growth.Net profit came to 158.2 billion won ($144.5 million) in the July-September period, reversing from a 687.5 billion won loss the previous year, the company said in a regulatory filing.Revenue rose 21.1 percent on-year to 7.6 trillion won, while operating profit came to 253.4 billion won, shifting fr
IndustryOct. 26, 2012
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Naro rocket launch delayed
Korea canceled the launch of the Korea Space Launch Vehicle-1, or the Naro rocket, on Friday after detecting a gas leak in the helium injection system.Officials of the Ministry of Education, Science and Technology and Korea Aerospace Research Institute said that it would have to postpone the launch by at least three days until engineers and researchers fixed the problem.Korea has until the end of this month to launch the Naro rocket.Otherwise, the country will need another clearance from global
TechnologyOct. 26, 2012
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Apple posts ’mini’ notice admitting Samsung didn’t copy design
Apple Inc. on Friday posted a notice on its U.K. website admitting that Samsung’s tablets do not infringe on its iPad design, but tucked it away in a hard-to-find place.To uphold a U.K. court’s ruling to post the notice, Apple inserted a line saying “Samsung/Apple UK judgment” at the very bottom of the website, next to “Terms of Use” and “Private Policy.” When users click onto it, it opens a page outlining the ruling that sided with Samsung. “On 9th July 2012, the High Court of Justice of Englan
TechnologyOct. 26, 2012
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Japan mulls manned space capsule by 2017
Japan intends to be launching astronauts into space aboard a manned capsule by 2017, officials with the Japan Aerospace Exploration Agency say.The proposed capsule or mini-shuttle would carry a crew of three and deliver up to 880 pounds of cargo into orbit to destinations such as the International Space Station.The capsule, which would be similar in capacity to the U.S. SpaceX Dragon spacecraft, is being proposed in two versions: a 15,400-pound design that would use parachutes for return to Eart
TechnologyOct. 26, 2012
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Korea's space rocket launch delayed due to technical glitch
South Korea postponed its launch of a space rocket Friday due to a problem that was detected only hours before its scheduled liftoff. Cho Yul-rae, vice minister of education, science and technology, said the launch of the Korea Space Launch Vehicle-1 (KSLV-1) will be delayed at least three days. "A leak has been detected from a connection between the first-stage rocket of the KSLV-1 and the launch pad," Cho told a press briefing. The problem was detected during a final inspection of the s
TechnologyOct. 26, 2012