Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Tensions heighten ahead of first president-opposition chief meeting
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Seoul to provide housing subsidy to married couples with newborns
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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[Weekender] How DDP emerged as an icon of Seoul
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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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Korean Air to resume direct flights to Saudi Arabia
South Korea’s top air carrier Korean Air Lines Co. said Tuesday that it will resume direct flight services to Saudi Arabia in November after a 15-year break.Korean Air said it will offer three weekly flights to the Saudi capital of Riyadh and the country’s largest port city of Jeddah starting from Nov. 9 with the 218-seat A330-200 passenger jet.The flag carrier operated direct flight services to Saudi Arabia from 1977 to 1997.The planned resumption of direct flights to Saudi Arabia is designed t
IndustrySept. 25, 2012
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Hyundai to supply hydrogen Tucson ix to Copenhagen
Hyundai Motor said Tuesday that it will provide its hydrogen fuel cell electric car Tucson ix to the city of Copenhagen next year with the aim of joining Denmark’s initiative for environmentally friendly transportation. Fifteen Tucson ix sport utility vehicles will be leased for official use by the Danish city government in the first half of next year, following a memorandum of understanding for a pilot program that was signed in May last year. While Hyundai has recently joined hands with Europe
IndustrySept. 25, 2012
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Consumer sentiment stays below par for 2nd month
South Korean consumers’ confidence stayed below par for the second straight month in September as the protracted eurozone debt crisis heightened economic uncertainties, the central bank said Tuesday.The consumer sentiment index ― a gauge of consumers’ overall economic outlook, living conditions and future spending ― came in at 99 for September, unchanged from the previous month, according to a survey by the Bank of Korea.The September figure marked the lowest level since the index hit 98 in Janu
Sept. 25, 2012
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Politics-driven stocks fluctuate ahead of presidential election
Volatility marked the politics-driven stocks listed on the stock exchanges of South Korea where election season has rolled around.Investors who bet on these so-called “political” stocks lost 1.55 trillion won ($1.3 billion) between June 11 last year and May 31 this year, according to the Financial Supervisory Service. The FSS had recently conducted a survey on some 35 stocks that appeared to be moving in tandem to the current political climate or the three central figures running in the presiden
Sept. 25, 2012
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2013 budget allocates more for welfare, small businesses
Government promises over 100,000 jobs for youth, greater budget to fight sex crimes and school violenceThe government’s 2013 budget plan appears to focus on support for more welfare programs to stabilize the livelihood of ordinary people, while maintaining a budget balance. The budget plan includes expanded support for small and mid-sized companies from 69.5 trillion won this year to 78 trillion won, and an additional 10 billion won for companies that open branches overseas. The government plans
Sept. 25, 2012
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Samsung SDS offers glimpse of 2013 IT mega trends
List includes big data, cloud services and IT consolidationSamsung SDS, the country’s IT services provider, announced its selection of IT mega trends for next year, in order to help different industries prepare for the future.While categorizing the 2013 mega trends into four categories ― new values, new threats, new creativities and new growth ― the company said the nine elements of next year’s trends are valuable big data, progress in cloud services, IT consolidation, advanced cyber attacks and
IndustrySept. 25, 2012
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Newest expansion for ‘World of Warcraft’ unveiled
Blizzard Entertainment on Tuesday showcased its latest edition “World of Warcraft: Mists of Pandaria” at a press conference held in Seoul. Launched three years after its predecessor “World of Warcraft: Cataclysm,” "Mists of Pandaria" premiered in Korea as Blizzard’s the fourth expansion set. The game company will give the public a chance to try out the new "Mists of Pandaria" for free starting on Thursday. "Mists of Pandaria" will begin nationwide charged service on Oct. 1. The new game involves
IndustrySept. 25, 2012
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Hyundai Capital taps China’s auto financing market
Hyundai Motor Group announced Tuesday that its automobile financing subsidiary has successfully made inroads into the Chinese market through a joint venture.“Hyundai Capital Services launched Hyundai Capital China, a joint venture firm in collaboration with Beijing Automotive Industry Group Investment,” the automotive group said in a statement.It said the joint entity, headquartered in Beijing, will provide Chinese consumers with auto financing for Hyundai and Kia vehicles.The group’s initial in
IndustrySept. 25, 2012
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Asia drives global shopping center revival
Asia and Latin America’s economic growth has fueled an upturn in retail activity, with increasing rent reflecting high demand for the limited amount of prime retail opportunities in both regions.Changes in consumer preferences, spending patterns and technological advances have impacted owners and retailers in all regions. Owners of prime shopping centers throughout the world are constantly repositioning their properties to provide consumers with their desired full shopping “experience.” With the
Sept. 25, 2012
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Solvay looks to Korea future with R&D center
Belgian CEO speaks on business, new entity to replace EUCCKAndre Nothomb has two official work titles: one is chief executive of Solvay Korea Co. and the other is finance officer of Solvay Special Chemicals global business unit.He earned the latter title as the Belgian chemical company with a history of 149 years chose Seoul as the headquarters for its special chemicals business last year.A Solvay research and development center is under construction within the Ewha Womans University campus in S
IndustrySept. 25, 2012
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Minors to be banned from revealing too much on air
Minors will soon be subject to costume regulations when they go on air, said the Korea Communications Standards Commission Tuesday.The commission stated on its website that it will push for a new rule to regulate revealing clothing for teen and child performers in order to control exposure.“Broadcasters must pay attention to and refrain from excessively exposing female minors during program recordings. Overly suggestive screen shots of girl groups composed of a large number of minors must also b
Sept. 25, 2012
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Did rock-swapping bring life to Earth?
(123rf)Microorganisms embedded in fragments of distant planets that crashed to Earth might have been seeds of life on our planet, U.S. and European researchers say.Scientists from Princeton University, the University of Arizona and the Centro de Astrobiologia in Spain, writing in the journal Astrobiology, said there is a possibility that life came to Earth -- or spread from Earth to other planets
TechnologySept. 25, 2012
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History of Earth‘s oxygen studied
SEATTLE (UPI) -- Microbial life may have migrated from Earth’s oceans to land by 2.75 billion years ago, producing oxygen earlier than previously thought, U.S. scientists say.Research reported from the University of Washington suggests the land-based microbes were producing oxygen well in advance of what geologists refer to as the “Great Oxidation Event” about 2.4 billion years ago that initiated
TechnologySept. 25, 2012
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Safe data storage for millions of years?
TOKYO (UPI) -- Japanese electronics firm Hitachi says it has invented a way of storing data that could keep it safe and stable for hundreds of millions of years.The technology behind the long-term storage capability involves a laser that is employed to encode data into a piece of quartz glass with dots corresponding to binary code that can be read back by an optical microscope, ZDNet reported.Hita
IndustrySept. 25, 2012
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NASA sees ‘gateway’ for space missions
NASA has proposed a candidate for its next major mission, a “gateway” spacecraft on the far side of the moon as a staging base for moon and Mars missions.The spacecraft would hover in orbit on the far side of the moon, support a small permanent crew and function as “stepping stone” for missions to the lunar surface and possible flights to Mars.NASA Administrator Charles Bolden briefed the White House earlier this month on details of the proposed “gateway,” but it was unclear if any administratio
TechnologySept. 25, 2012
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On Apple Maps, all roads lead to Google
CUPERTINO (UPI) -- U.S. technology giant Apple’s foray into mobile maps with its iPhone 5 had to do with advertising and a growing rivalry with Google, industry observers said.Apple’s iPhone 5, which went on sale Friday included a new online maps service that was “littered with flaws, some laughable,” The New York Times reported Monday.But behind the effort to compete with Google is the lucrative
TechnologySept. 25, 2012
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Consumer sentiment stays below par for 2nd month in Sept.
South Korean consumers' confidence stayed below par for the second straight month in September as the protracted eurozone debt crisis heightened economic uncertainties, the central bank said Tuesday.The consumer sentiment index -- a gauge of consumers' overall economic outlook, living conditions and future spending -- came in at 99 for September, unchanged from the previous month, according to a s
Sept. 25, 2012
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Kumho Tire reaches tentative wage deal with union
Kumho Tire Co. reached a tentative wage deal with its union early Tuesday after overnight marathon negotiations, the company said.Under the agreement, South Korea's second-biggest tire maker will give workers 2.5 million won (US$2,200) and 50 percent of their monthly wages as lump-sum incentive payments.The labor union will vote on the tentative agreement on Thursday.The tentative deal came more t
IndustrySept. 25, 2012
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Testosterone may hold key to male lifespan: local study
Testosterone may hold the key to the disparity in men and women’s life spans, research on Korean eunuchs suggested Monday. On average, females of mammalian species including humans have 10 percent longer life spans. Professor Min Kyung-jin of Inha University and professor Lee Cheol-koo of Korea University analyzed the family records of 81 Joseon Dynasty eunuchs who lived between 1556 and 1919. The records showed that the eunuchs lived on average 14 years longer than the ruling-class males of tha
TechnologySept. 25, 2012
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Yearly salary at top 30 groups tops W63m
The average salary for workers in the nation’s 30 major conglomerates has come to 63 million won ($56,300) per year, according to a corporate information tracker.Hyundai Motor Group eclipsed the rest with a yearly wage payment of 84 million won last year, data gathered by chaebul.com showed. The nation’s No. 2 business group has 10 listed subsidiaries including Hyundai Mobis and Kia Motors.Hyundai Heavy Industries ranked second with 76.4 million won, followed by Samsung Group with 74.8 million w
IndustrySept. 24, 2012