Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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More med professors to take day off each week while govt. urges them to stay
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Study: Dolphins are always half awake
Dolphins can remain alert for two weeks at a time with no sign of fatigue because only half of their brains sleep at a time, U.S. researchers say.Researchers at the National Marine Mammal Foundation in San Diego and colleagues found dolphins can use echolocation with near-perfect accuracy continuously for as long as 15 days, identifying targets and monitoring their environment.The researchers studied two dolphins, one male and one female, and found that they were capable of this task with no sig
TechnologyOct. 19, 2012
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One-person households surge
Single-person households increased rapidly to take up over a quarter of Korea’s total thanks to delayed marriages and an aging population.The reshaping of Korean households is changing the investment landscape in favor of certain industries and companies catering to individualism. They include health care, cosmetics, convenience stores, home meal manufacturing, dining, online shopping and leisure product makers. Two-person homes were dominant until last year, but were overtaken by one-person hou
Oct. 18, 2012
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Translation app tops chart to mixed reviews
As the automatic translation application “GenieTalk” has taken the No. 1 spot on AppStore’s free popular app chart just one day after launching, early adopters across the nation and overseas are busy posting reviews on social network services ― on both the good and the bad. “GenieTalk,” a free Korean-English translation app developed by the Electronics and Telecommunication Research Institution with support from the Ministry of Knowledge Economy, was introduced on Wednesday and jumped straight t
TechnologyOct. 18, 2012
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Bruxism (teeth clenching or grinding)
Some of us will have had the experience of sleeping next to a person who grinds their teeth. Occasional teeth grinding is not a big deal, but if this happens regularly, it causes inconvenience for both the person and those around them.Bruxism often occurs during sleep and it seems to be one of many known sleep disorders. The mechanism of bruxism is believed to be similar to that of kicking your leg during sleep.There are several hypotheses to explain the possible causes of bruxism. Traditional v
TechnologyOct. 18, 2012
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Korea on propofol alert
The 2009 death of pop legend Michael Jackson brought propofol, the anesthetic that killed him, to the world’s attention. Before the tragic incident, people knew little about the drug and how dangerous it could be when administered for non-medical purposes and by unqualified personnel.Korea is no longer safe from the threat of propofol too, as a series of the drug abuse cases involving the anesthesia drug have been reported. Propofol has been classified as a psychotropic drug since last year in K
TechnologyOct. 18, 2012
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KB Kookmin scores top in survey of custodian banks
KB Kookmin Bank received the highest marks to become among the “top rated” custodian banks for the seventh year in a row in an annual service evaluation by a British magazine. The Global Custodian has assessed the services of custodian banks worldwide since 1990, becoming a key trade journal for reference when global financial institutions and institutional investors choose their custodian banks.A custodian bank is a specialized financial institution responsible for safeguarding a firm or indivi
Oct. 18, 2012
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Korean banks resilient to household debt: Moody’s
HONG KONG (Yonhap News) ― South Korean banks are resilient to the country’s heavy household debt, as they have a solid capital buffer against possible debt defaults, Moody’s Investors Service said Thursday.Heavy household debt has often been cited as one of the major concerns for the South Korean economy, which could pose a serious threat to the already slowing economy.“One reason for this resilience is that the loan portfolios of Korean banks, which account for about half of the household credi
Oct. 18, 2012
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Shares edge up ahead of European meeting
South Korean stocks edged up 0.2 percent Thursday as investors sat on the sidelines ahead of a key policymaking meeting in Europe, analysts said. The local currency rose to a new yearly high against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 3.97 points to 1,959.12. Trading volume was moderate at 490 million shares worth 4.22 trillion won ($3.82 billion), with losers outpacing gainers 540 to 277.“There are no bigger issues to push up the main index further following a
Oct. 18, 2012
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Self-employed people take hit from slump
The number of self-employed people shutting down their business last year jumped to a four-year high, suggesting that owners of mom-and-pop stores bore the brunt of the slowing economic growth, data showed Thursday.According to the data by the National Tax Service, business closures by self-employed people totaled 829,669 last year, up 3 percent or about 24,000 from a year earlier. It marked the largest number since 2007 when the figure was 848,000. By sector, the service sector including hair s
Oct. 18, 2012
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United Pharm first Korean firm to export anti-cancer drugs to Europe
Korea United Pharm Inc. will export two kinds of cancer-treating medicine to Poland, becoming the first Korean firm to ship such drugs to Europe, the Korea Trade-Investment Promotion Agency said Thursday. KOTRA officials said the Korean pharmaceutical firm and Polish buyers had signed a contract to export the drugs it developed to treat lymphoma and prostate cancer. The first drug export deal will pave the way for more medical exports to the European market, the officials said.The deal involves
IndustryOct. 18, 2012
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SK chairman to focus on Southeast Asia
Chey in week-long visit to Thailand, Singapore, MalaysiaSK Group’s chairman Chey Tae-won flew to Thailand on Thursday to kick off his week-long business cooperation expansion effort with Southeast Asian countries.Beginning his trip by taking part in the two-day Asia Business Council Forum in Bangkok, Chey will stop by countries including Singapore and Malaysia and return to Seoul next Wednesday, according to SK officials. Chey, who is the head of the nation’s third-largest conglomerate, is expec
IndustryOct. 18, 2012
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Cheapest BMW to hit Korean market
BMW Korea launched Thursday the new 1 Series hatchback, which the German luxury carmaker says will reenergize competition in the nation’s premium compact car market. A total of six rear-wheel models, consisting of the five-door Urban Line and the more dynamic Sports Line, were unveiled for the Korean launch. The new 1 Series is the only compact model equipped with 8-speed automatic transmission, which lowers background noise and reduces fuel consumption, according to the carmaker. Fuel efficienc
IndustryOct. 18, 2012
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Strong won worsens profitability worries
Korean currency gains value against dollar rapidly compared to other foreign currenciesConcerns are rising that companies’ global competitiveness may be weakened as the U.S. dollar recently lost ground against the Korean won, amid the eurozone woes.The possibility that the Korean currency will rise in value up to nearly 1,000 won against the dollar is growing with the recent strenghtened position of the won after quantitative easing by the U.S. government.The dollar slid again to 1,104.3 won on
IndustryOct. 18, 2012
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Hyundai, Kia enjoy brisk sales in Europe in Sept.
South Korea’s leading automakers Hyundai Motor Co. and Kia Motors Corp. saw steady sales growth in Europe last month despite the region’s contracted demand in the midst of the financial crisis, industry data showed Thursday.Hyundai and Kia, the flagship companies of Hyundai Motor Group, sold a combined 73,000 units in September in 27 European countries, up 3.7 percent from a year ago, according to the data.Their market share rose 0.9 percentage points to 6.6 percent last month.For the first nine
MobilityOct. 18, 2012
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Anipang boom boosts mobile game growth
South Koreans have a thing for lining up objects. Omok, a traditional board game in which two players compete to first line up five baduk stones, has flourished as a favorite pastime throughout generations.A similar game that requires nimbler hands, smartphones and mobile messenger friends, is now sweeping South Korea, one of the world’s most digitalized countries, as a new pastime.Whether it be a commuter subway or a lunchtime cafeteria queue, it’s easy to spot people squinting their eyes and c
TechnologyOct. 18, 2012
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Refiners bet on batteries to recharge business
Oil refiners seek transformation into energy companies for growth potential“New growth engine” has been one of the most bandied about phrases in the local corporate world over the past few years.With the global economic downturn being prolonged, companies have had no choice but to step up efforts to find new revenue sources within or beyond their core businesses. The nation’s top two oil refiners have bet on the rechargeable battery market to find a stable revenue source as their core oil refini
IndustryOct. 18, 2012
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NHN selects game literature winners
NHN Corp., the nation’s leading Internet portal operator, hosted its literature awards ceremony in Seoul on Thursday to foster creative talent shedding light on the genre. NHN Game Literary Award, an annual event taking place for the third time, was presented to 24 teams of awardees this year, including grand-prix winner Lee Byung-ha, whose work was chosen from a total of 1,500 long and short game scenarios. “At first we were unsure whether we could carry on, but now we see that the game literat
TechnologyOct. 18, 2012
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Samsung wins patent battle with Apple in U.K.
Samsung Electronics won another victory in its global patent battle with Apple Inc. as a court in London upheld an earlier decision that Galaxy tablet PCs did not copy the iPad’s design.The ruling in the United Kingdom is likely to deal a blow to Apple, especially considering that it is a matter involving what the U.S. company values most ― its design.The ruling reaffirmed an earlier order that Apple publicly declare that Samsung had not copied its design.Apple has been labeling Samsung as a “co
IndustryOct. 18, 2012
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“GenieTalk” tops app chart to mixed reviews
As the automatic translation application “GenieTalk” has taken the No. 1 spot on AppStore’s free popular app chart just one day after launching, early adopters across the nation and overseas are busy posting reviews on social network services -- on both the good and the bad.“GenieTalk,” a free Korean-English translation app developed by the Electronics and Telecommunication Research Institution w
TechnologyOct. 18, 2012
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Planet found at sun's closest neighbor
(ESO-UPI)European astronomers say they've discovered a planet about the mass of the Earth orbiting a star in the Alpha Centauri system, the nearest star system to Earth.Alpha Centauri, only 4.3 light-years away, is actually a triple star -- a system consisting of two stars similar to the Sun orbiting close to each other, designated Alpha Centauri A and B, and a more distant and faint red component
TechnologyOct. 18, 2012