Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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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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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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LG to launch flagship Optimus G next week
LG Electronics unveiled plans Tuesday to roll out its new flagship smartphone Optimus G in the local market next week through the nation’s three mobile carriers.The firm also said the 4.7-inch display gadget ― running on fourth-generation Long Term Evolution networks as well as third-generation networks ― will be launched in Japan next month and in the U.S. and other Asian markets in November.The Optimus G, which was dubbed LG’s new flagship smartphone by the company’s mobile chief Park Jong-seo
IndustrySept. 18, 2012
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‘BMW is unlike Toyota and Volkswagen’
Son of BMW’s legendary former CEO Kuenheim now leads fast growing Asian businessBMW Group’s new Asia chief Hendrik von Kuenheim remembers when Hyundai Motor launched its first passenger car Pony in the U.S. market back in 1986 when he worked as a sales manager in Los Angeles. “Hyundai is a remarkable success story. It has come a long way in design and quality. Hyundai and Kia will become a tremendous challenge to (the world’s top sellers) Toyota and Volkswagen,” he said during a press conference
IndustrySept. 18, 2012
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Book discusses Asia’s financial future
The Institute for Global Economics, a leading private think thank in Korea, published on Thursday a book containing reports and summaries of the two-day international financial conference held in Seoul. Titled “Asia in the New Global Financial Scene,” the book goes over all the sessions and discussions of the conference held from May 17-18 under the same name, co-hosted by the Institute for Global Economics, Asian Development Bank, Institute of International Finance and KB Financial. Influential
Sept. 18, 2012
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Anti-Japan sentiment does no harm to Korean firms in China
South Korean companies in China have suffered no damage yet from the recent wave of anti-Japanese protests sweeping across China over a territorial dispute with Tokyo, industry sources said Tuesday. The South Korean firms, however, are bracing for any possible fallout from the demonstrations, as protesters torched a factory of Japanese electronics maker Panasonic and a Toyota dealership.The latest outbreak of anti-Japan sentiment flared over Japan’s recent decision to buy some disputed islands i
Sept. 18, 2012
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Prices of farm product imports fall in Aug.
Prices of imported farm products in South Korea declined last month, customs data showed Wednesday, despite worries that recent extreme weather conditions in major farmlands would cause price hikes.According to the data by the Korea Customs Service, the price index of imported agricultural, livestock and fishery products stood at 114.2 in August, down 4.3 percent from a year earlier. The index is also down 3 percent from July.Import prices of agricultural products fell 3.5 percent on-year in Aug
Sept. 18, 2012
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‘P&G Korea responds faster to demands’
Procter & Gamble Korea’s new chief executive Lee Sue-kyung said on Tuesday that her company will respond faster to market demands and changes from now on.“P&G has suffered several times in the past in competition with Korean companies, which are very quick in both information gathering and action,” Lee said in a press conference.“Agility is one of the three most important virtues required at P&G, along with strategic thinking and leadership skills. The ability to swiftly cope with market situati
IndustrySept. 18, 2012
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‘Holland’s Martha Stewart’ helps widen choice of home furnishings
The choice of home decor in Korea has been rather limited, considering the country’s burgeoning population of fastidious shoppers.They either had to choose from a handful of local home furnishing companies or go to Namdaemun Market to hunt down unofficially imported candle holders or teapots that meet their tastes. Worse still, some put up with the exorbitantly overpriced foreign brands sold in department stores. That is what drove a Korean importer to open Asia’s first Riviera Maison store near
IndustrySept. 18, 2012
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Enjoying nature is easy in and around Seoul
Eddie Provencher wasn’t always interested in bird watching. It took an eco-tour of the demilitarized zone along Koreas’ border in 2009 to make him realize that not only were there many interesting birds to see in nature, but that the urban areas of Korea were also alive with birds. “Birds are everywhere, so you don’t need to go anywhere to observe them,” says Provencher. “You just need to look around yourself and listen.”Although Seoul is a sprawl of urban mass, there is still wildlife and many
Sept. 18, 2012
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History of rivers and the great powers
This article was contributed by the Korea Water Resources Corp. to mark the opening of the 2012 World River Forum in Daegu on Wednesday. ― Ed. Fresh water, like air, is the most precious substance of all things on our Earth. Lacking fresh and temperate flowing water, we would be either red-hot like Venus, or frozen over like Mars. Water controls our every life, and forms the greater part of our human bodies. While we often forget it, humankind is a species whose destiny relates at all times to t
Sept. 18, 2012
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Samsung’s Kwon named among MediaGuardian 100
Samsung Electronics vice chairman and CEO Kwon Oh-hyun was ranked 88th in the MediaGuardian 100 2012 organized by British newspaper the Guardian.The MediaGuardian 100 is an annual selection of the most powerful people in TV, radio, newspapers, magazines, digital media, advertising marketing and PR. Kwon is the only Asian to be included on the list. He was selected because he contributed to Samsung outdoing Nokia as the world’s biggest seller of mobile phones, according to the newspaper.The top h
Sept. 18, 2012
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Healthy food makes people better looking
Foods that make a person healthier also make them better looking, a U.S. food expert says. "Vitamin C rich foods, especially strawberries, can help keep your skin glowing and bright. Vitamin C is an important building block for collagen, which supports the underlying structure of your skin. Just 1 cup of delicious strawberries contains over 100 percent of your daily vitamin C recommendation," Phil
TechnologySept. 18, 2012
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Aspirin may help men with prostate cancer
DALLAS, Sept. 17 (UPI) -- Men treated for prostate cancer -- either with surgery or radiation -- could benefit from taking aspirin regularly, U.S. researchers suggest. First author Dr. Kevin Choe of the University of Texas Southwestern Medical Center in Dallas said preclinical studies showed aspirin and other anti-coagulation medications -- warfarin, clopidogrel, enoxaparin, and/or aspirin -- might inhibit cancer growth and metastasis, but clinical data had been limited previously.The current st
TechnologySept. 18, 2012
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Black hole ‘sounds’ reveal their history
British astronomers say the death “sounds” of black holes could reveal the cosmic crash that created them in the first place.In black holes gravity is so strong not even light can escape, making them truly dark objects that don‘t emit any form of radiation.However, scientists at Cardiff University say black holes that become deformed through collisions with other black holes or stars are known to emit a form of radiation called gravitational waves, predicted by Einstein nearly a hundred years ag
TechnologySept. 18, 2012
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Camera sees light from 8 billion years ago
Zoomed-in image from the Dark Energy Camera of the center of the globular star cluster 47 Tucanae, which lies about 17,000 light years from Earth. (Dark Energy Survey Collaboration-UPI)The most powerful sky-mapping machine ever created has captured and recorded light from 8 billion years ago, U.S. researchers say.After eight years of planning and construction by scientists, engineers, and technici
TechnologySept. 18, 2012
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Seoul shares opens higher on tech gains
South Korean stocks started higher Tuesday, led by gains in big tech firms, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) gained0.81 points, or 0.04 percent, to 2003.16 in the first 15 minutes of trading.Big-cap tech names led the rise, with market bellwether Samsung Electronics increasing 0.99 percent and SK hynix climbing 0.87 percent.The local currency was trading at 1,1
Sept. 18, 2012
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Samsung chairman fails to appeal compensation ruling
Samsung Electronics chairman Lee Kun-hee did not lodge an appeal by the due date against the latest high court ruling that found him guilty of malpractices carried out to make his son's takeover of the conglomerate easier, industry and court officials said Monday. South Korea's richest man showed no signs of filing an appeal at the Daegu District High Court, which was due on Sept. 12 if he had dec
IndustrySept. 18, 2012
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New electronic payment system threatens credit card firms
A new type of electronic payment system with lower commissions than credit cards is due to launch around the end of this year, portending a major shakeup in the market for money transfers. Consumers will be able to buy products and services using just their phone numbers or smartphone applications, according to sources at the Financial Services Commission and in the electronic finance industry.“The technologies for the service are ready,” an FSC official said. “We expect to unveil the service on
Sept. 17, 2012
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Wolsung Unit-1 breakdown fans fear on old nuke plants
Wolsung Unit-1 nuclear power plant in North Gyeongsang Province broke down on Sunday at 4:51 p.m., amplifying concern over old nuclear plants. The Korea Hydro and Nuclear Power Co. said that the plant stopped producing power as its power transformer failed, leading the power-generating turbine to grind to a halt. The KHNP said that it would take approximately three days to replace the parts. The accident took place amid the state assessment period of the unit’s suitability for continued operatio
Sept. 17, 2012
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Consumer slump deepens
In a sign that Korea’s consumer contraction is deepening, sales at major discount outlets and department stores dropped from a year earlier for the third consecutive month in August.According to a report released Monday by the Ministry of Knowledge Economy, the nation’s three biggest supermarket chains ― Lotte Mart, E-Mart and Homeplus ― saw their combined sales fall 3.3 percent on-year last month. The three biggest department stores also suffered a decline of their sales by 6.9 percent.Analysts
Sept. 17, 2012
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Government injects W100b into Eximbank
The government said Monday that it has injected 100 billion won ($89.6 million) into the Export-Import Bank of Korea to help the policy lender secure better trade financing capacity for exporters.The capital increase was made in the form of stock contribution as the government used about 9.55 million shares in the state-run Korea Express Corp., according to the Finance Ministry.The move is aimed at providing more financing capacity for the bank so that it can help strong but liquidity-strapped e
Sept. 17, 2012