Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
[Weekender] How DDP emerged as an icon of Seoul
-
6
Rapper jailed after public street fight with another rapper
-
7
Woman gets suspended term for injuring boyfriend with knife
-
8
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
9
[KH Explains] No more 'Michael' at Kakao Games
-
10
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
Ssangyong E&C wins orders from Iraq
South Korean builder Ssangyong Engineering & Construction Co. said Thursday it has won an order from Iraq. Under a deal with the Kurdistan regional government, Ssangyong E&C will build a water treatment plant and transmission and storage facilities in the cities of Halabja and Sulaymaniah in Iraq’s self-ruled northern Kurdish region under a project financed by the Japan International Cooperation Agency, the company said. The company is scheduled to receive 45 billion won ($40 million) as an adva
IndustrySept. 20, 2012
-
Four in 10 exporters eye export rebound in late 2013
Four out of 10 South Korean exporting companies expect their faltering exports stemming from a slowdown in China and Europe to bounce back as early as the second half of next year, a poll showed Thursday. According to the survey of 500 exporters by the Korea Chamber of Commerce and Industry, 40 percent of the respondents said their sluggish overseas shipments will begin to recover in the second half of 2013. Another 17.2 percent expected their exports to rebound from the second half of 2014. “Ex
Sept. 20, 2012
-
International air passenger traffic hits new high in Aug.
South Korea’s international air passenger traffic surged to a new monthly high last month on a spike in visitors to and from Japan and China, the Transportation Ministry said Thursday.The number of international passengers to and from South Korea jumped 11.6 percent from a year earlier to 4.72 million in August, according to the Ministry of Land, Transport and Maritime Affairs.The August tally marks a new monthly record. The previous record of 4.34 million passengers was set only the previous mo
Sept. 20, 2012
-
Shares down 0.87% on weak China data
South Korean stocks closed 0.87 percent lower on Thursday as concerns over China’s weak manufacturing data weighed on investor sentiment here, analysts said. The local currency dropped against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 17.55 points to 1,990.33. Trading volume was heavy at 612.4 million shares worth 5.28 trillion won ($4.7 billion), with decliners outnumbering gainers 461 to 366.“The market expects the Chinese economy to make a turnaround. However, this
Sept. 20, 2012
-
KT to make electric vehicle communication system
KT said that it has been chosen to build an information and communications system for electric vehicles in Korea.The state-run Korea Environment Corp. selected the country’s second-largest telecom company to establish infrastructure that can support KECO to operate an EV transportation system, including recharging of the eco-friendly automobiles.KT plans to use advanced software, and WCDMA and radio-frequency identification networking technologies for the establishment of the EV communication sy
TechnologySept. 20, 2012
-
Hanwha Life focuses on customer satisfaction
Hanwha Life Insurance, which recently changed its name from Korea Life Insurance, is seeking to hone an image as a youthful, vigorous company that offers customized services. Hanwha Group changed its insurance subsidy’s name in July, 10 years after it acquired the insurer, with the aim of creating a uniform brand image. All subsidies of the group are now named Hanwha. Revamped, the insurer vowed to improve the Home Visit Service, which was first introduced by the company in 2007. By visiting tho
IndustrySept. 20, 2012
-
Herald Ecofarm set to pioneer organic market
Chef mixes organic fruit juices with invigorating herbsFresh fruit juice is sold in almost all cafes these days as people place more emphasis on their health, but organic fruit juice is still extremely rare.Only around 1 percent of Korea’s fruit and vegetable produce is organic, according to the National Agricultural Products Quality Management Service.Herald Ecofarm, a food business affiliated with Herald Corporation, is getting ready to pioneer the organic juice market with healthy products th
IndustrySept. 20, 2012
-
Korea sees massive inflows of foreign capital
Global investors’ holding of local stocks to hit record high of W500trForeigners recently became net buyers of Korean stocks amid policies of the U.S. and European Union to boost the regional and global economies.Data released by the Financial Supervisory Service showed that foreign investors have bought local stocks and bonds worth a net 40.3 trillion won ($35.9 billion) so far this year.Their net buying of bonds and shares came to 15.3 trillion won and 25 trillion won, respectively, between Ja
Sept. 20, 2012
-
Meteor impact may have started Ice Ages
(123rf)A huge meteor striking Earth 2.5 million years ago may have generated a massive tsunami and plunged the world into the Ice Ages, Australian researchers suggest.Scientists at the University of New South Wales say because the meteor -- more than a mile across - crashed into deep water in the southern Pacific Ocean, most researchers have discounted its potential for catastrophic impacts on coa
TechnologySept. 20, 2012
-
Seoul shares open lower on blue-chip losses
South Korean stocks opened lower on Thursday as shares lost ground across the board, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 8.61 points, or 0.43 percent, to 1999.27 in the first 15 minutes of trading.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 1.07 percent and its smaller rival LG Electronics losing 0.26 percent. Leading car
Sept. 20, 2012
-
Koreans receive 0.24 spam messages a day
How many mobile phone spam texts do you receive a day? According to government data released on Wednesday, Koreans received an average of 0.24 spam messages per day during the first half of this year.The figure was a 42.9 percent drop from a year earlier and telecommunication officials said the fall came as a result of government and industry efforts to block junk messages.One of the measures the government has taken is to limit the number of forwarded messages to 500 a day.The data collected fr
Sept. 19, 2012
-
Economic blues push up lottery sales
Sales of lottery tickets in South Korea surged nearly 18 percent on-year in the first half of the year, data showed Wednesday, as more people sought to hit the jackpot amid a prolonged economic downturn.Lottery sales came to 1.62 trillion won ($1.45 billion) during the January-June period, up 17.7 percent from a year earlier, according to the data by the Finance Ministry.Total lottery proceeds reached 641 billion won in the six-month period, up 13.1 percent from a year earlier, while prize payou
Sept. 19, 2012
-
Shares gain 0.15% on Japan stimulus
South Korean stocks rose 0.15 percent on Wednesday as the Japanese central bank surprised the market with an asset purchase program to prevent a further slowdown, analysts said. The local currency gathered ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index climbed 2.92 points to 2,007.88. Trading volume was heavy at 946.1 million shares worth 5.72 trillion won ($5.12 billion) with gainers outstripping losers 491 to 320. “Expectations for upward momentum revved up aga
Sept. 19, 2012
-
Samsung, LG, Philips sued by Illinois over price fixing
Samsung Electronics Co., LG Electronics Inc. and Philips Electronics North American Corp. were sued by Illinois over alleged price fixing, based on claims the companies inflated costs for computer monitors and televisions.Illinois Attorney General Lisa Madigan filed the suit Tuesday in state court in Chicago. The complaint, which also names Hitachi Ltd. and Toshiba Corp. among others, claims the companies agreed to fix the price of, and limit production of, cathode-ray tubes from March 1, 1995,
TechnologySept. 19, 2012
-
Samsung to scale back spending on chip business
Samsung Electronics Co., the world’s top memory chip maker, is likely to cut back its spending on semiconductor business next year in the face of the economic slowdown, company officials said Wednesday.“It will be difficult to make aggressive investments next year due to an economic slowdown,” Samsung’s memory business chief Jun Dong-soo told reporters, adding that Samsung is likely to take a conservative stance on investments.Jun, however, said nothing has been decided since the company is stil
Sept. 19, 2012
-
Prof. Chang opposes drastic chaebol reform
University of Cambridge professor Chang Ha-joon expressed skepticism over politicians’ move to introduce strong regulations for big business groups under the buzzword of “economic democratization.”In his lecture for chief executives of Samsung Group subsidiaries on Wednesday, Chang said that revamping the conglomerate sector is not a prerequisite for economic democratization.Concerning calls in the market for conglomerates’ business diversification, he said, “If they had not widened the scope of
Sept. 19, 2012
-
SK Hynix develops smaller, faster graphics chip
SK Hynix, the world’s second-largest chipmaker, said it has developed the industry’s first 4-gigabite DDR3 DRAM chip for graphics using a 20 nanometer-class processing technology.The double data rate, type-three synchronous dynamic random access memory chip can process 3.6 gigabytes of data per second via 16 lines of data channels at an operating speed of 1.8 Gbps.The company also noted that, when operating at 1.35 volts, the graphics chip consumes 30 percent less power than its 30 nanometer-cla
TechnologySept. 19, 2012
-
Saudi Aramco to set up Korean branch
The Saudi Aramco, the world’s largest oil company in terms of crude oil reserves and daily production, is considering setting up a Korean operation to expand its presence in the nation’s energy market, industry sources said Wednesday. The state-run oil company already registered its new branch named Aramco Asia Korea Ltd. in May and is currently recruiting employees. Its office will be located in the Seoul Finance Center in Gwanghwamun, central Seoul. The company, which is the largest shareholde
IndustrySept. 19, 2012
-
Kia Motors poised to export K9
Destinations include Middle East, China and Southeast AsiaKia Motors is considering exporting the K9 sedan in the coming months, having sold the premium sedan exclusively in the local market until now.The automaker’s first export destinations will likely be the Middle East, China and Southeast Asian countries, according to company executives. The K9 will be dubbed the Quoris in overseas market.“After targeting the Asian market later this year and early next year, we will fine-tune the timing of
IndustrySept. 19, 2012
-
NPS’ stake in top firms hits record high
Pension fund’s stake in 10 largest groups surpasses 4 percentThe National Pension Service saw its average stake in 10 major business groups’ subsidiaries, listed on the stock market, come to an all-time high of more than 4 percent.The pension fund, as a result, is expected to exercise its shareholder right in the conglomerate sector more actively, stock research analysts predicted.According to Chaebul.com, a conglomerate-tracking website, the average stake held by the NPS in 93 companies of the
IndustrySept. 19, 2012