Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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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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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Kia’s K3 hints at fierce race in compact car market
Kia Motors unveiled its new compact K3 on Monday, paving the way for fiercer competition in the nation’s small sedan market where Hyundai Motor’s Avante and Renault Samsung Motors’ SM3 have been dominant players. Kia revealed its annual sales target of 55,000 units during a press conference held at Alpensia Resort in PyeongChang, Gangwon Province, with some 200 company officials and reporters in attendance. “Kia cars are creating a sensation in Korea and overseas markets with their unique desig
IndustrySept. 17, 2012
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FTC chairman warns big firms on irregularities
Antitrust regulator poised to take stern action over unfair practices against suppliersThe nation’s top antitrust regulator said on Monday that it will weed out irregularities at large companies.The Fair Trade Commission said the warning will be given to business leaders when FTC chairman Kim Dong-soo meets them on Tuesday. “The meeting between FTC chairman Kim and the chief executives is designed to prevent big firms from bullying subcontractors,” the FTC said in a statement.Participants will l
IndustrySept. 17, 2012
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KT plans content development fund
KT, Korea’s second-largest mobile carrier, said Monday that it plans to set up a fund to invest in the development of content such as animation, games and music by small and medium-sized firms.Speaking at a news conference, KT chairman Lee Suk-chae said the company will allocate around 100 billion won ($89 million) to the fund, which will be established by the end of this year and be operated for content development over the next three years.The company plans to allocate some 20 billion won of i
Sept. 17, 2012
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FSS promotes Seoul as financial hub in H.K.
Financial Hub Korea, a unit of the Financial Supervisory Service, jointly hosted the 2012 Financial Hub Seoul IR with the Seoul Metropolitan Government in Hong Kong last week. Over 200 executives from about 70 global finance institutions attended the event aimed at promoting Seoul’s bid to attract foreign financial companies and become a leading financial hub, officials said.Participants included John McCormick, chairman of Royal Bank of Scotland Group, Asia Pacific; Wong David See Hong, deputy
Sept. 17, 2012
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‘Reliability sustains Miele brand’
Premium home appliance maker hopes to win Korean consumers for 100 years, CEO saysAnyone in Korea who has lived in Germany or other parts of Europe before uses it.Rhie Won-bok, who studied in Germany and is known for his comic books “Far Countries, Neighboring Countries,” uses it. Cha bum-kun, who played soccer in Germany and is a regular World Cup newscaster, uses it. Yoon Boo-keun, CEO of Samsung Electronics’ consumer electronics division, praised it during his visit to Germany’s IFA electroni
Sept. 17, 2012
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KDI cuts Korea’s growth estimate to 2.5 percent
South Korea’s economy is expected to grow 2.5 percent this year, a state-run think tank said Monday, slashing its growth outlook sharply on slowing exports growth affected by heightened global uncertainty.The latest growth projection is far lower than the 3.6 percent expansion that the Korea Development Institute forecast in May. It is also much lower than the government’s 3.3 percent growth estimate for this year. “We expect that the economic growth rate will fall to 2.5 percent this year as bo
Sept. 17, 2012
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For S. Korean men, makeup a foundation for success
Cho Won-hyuk stands in front of his bedroom mirror and spreads dollops of yellow-brown makeup over his forehead, nose, chin and cheeks until his skin is flawless. Then he goes to work with a black pencil, highlighting his eyebrows until they're thicker, bolder. “Having a clean, neat face makes you look sophisticated and creates an image that you can handle yourself well,” the 24-year-old college s
IndustrySept. 17, 2012
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French doctors blast drug companies
Two French doctors contend in a new book that half of all drugs prescribed in the country are useless at best and dangerous at worst.Professor Philippe Even, director of the Necker Institute, and Bernard Debre, a physician and member of Parliament, maintain the French health service could save as much as 10 billion euros ($13 billion) annually if dozens of drugs were no longer prescribed, The Guar
TechnologySept. 17, 2012
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Showing the goal amount motivates saving
A U.S. psychologist says people don‘t save because they don’t do the math to calculate the result of their savings -- if they did, it would motivate them. Craig McKenzie, a cognitive psychologist with the Rady School of Management at the University of California, San Diego, said his experiment with a simple intervention demonstrated the enormous benefits of earning compound interest motivated his
Sept. 17, 2012
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Believers in luck = unhealthier lifestyle
People who have a greater faith in luck or fate are more likely to live an unhealthy lifestyle, Australian researchers say.Professor Deborah Cobb-Clark, director of the Melbourne Institute of Applied Economic and Social Research, also found people who said they believed their life can be changed by their own actions ate healthier food, exercised more, smoked less and avoided binge drinking.“Our research shows a direct link between the type of personality a person has and a healthy lifestyle,” Co
TechnologySept. 17, 2012
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Seoul shares open higher on U.S. gains
South Korean stocks opened higher on Monday as investor sentiment got a boost from the U.S. Fed's latest stimulus measure, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) climbed0.85 points, or 0.04 percent, to 2008.43 in the first 15 minutes of trading.Tech blue chips drove up the shares, with LG Electronics gaining 1.59 percent and SK hynix, the world No. 2 memory chipmake
Sept. 17, 2012
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People who read labels weigh less
Women who read food labels weigh nearly 9 pounds less than women who didn‘t read labels, researcher in Spain said.Lead author Maria Loureiro of the University of Santiago de Compostela and colleagues at the University of Tennessee, the University of Arkansas and the Norwegian Institute for Agricultural Finance Research used data from the annual National Health Interview Survey conducted by the U.S. Centers for Disease Control and Prevention.Some 25,640 observations were collected on health, eati
TechnologySept. 17, 2012
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Re-launching pet supply firm offer special discount
Online pet supply store Monami Pet is offering a special discount in September to celebrate the brand’s re-launching and the inauguration of its new CEO, Song Ha-kyung, company officials said on Sunday.Starting Sept. 1, the online pet supply store has been selling about 5,000 types of pet supplies, including best-selling pet feed brand ANF and Natura at prices lower than at competing retailers, the officials said.In addition, Monami Pet has been promoting other events such as free testing events
BusinessSept. 16, 2012
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Scientists develop high stability, sensitivity disease probe
A local team of scientists have developed a new method for detecting particles specific to particular conditions, opening new possibilities for early diagnosis.With many chronic conditions, early detection is crucial for effective treatment. Even with incurable conditions such as acquired immunodeficiency syndrome, or AIDS, entering a treatment regime early on can extend the patient’s life expectancy for as much as several decades. As different conditions can have similar effects on the body i
TechnologySept. 16, 2012
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Agro-fisheries CEOs emphasize exports
About 20 CEOs leading the National Agro Food and Beverage Cluster Association under the Ministry of Food, Agriculture, Forestry and Fisheries held their second CEO Forum last week in southern Seoul to discuss ways to boost the nation’s agriculture and fisheries industry. Lee Kyung-soo, head of the association as well as president of Jebba Food & Beverage Corp., a guild of bokbunja growers in Gochang, North Jeolla Province, stressed in the meeting that CEOs in the agriculture and fisheries indust
IndustrySept. 16, 2012
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‘Protectionism’ concerns rise after patent disputes between Samsung, Apple
ITC initially rules Apple did not infringe Samsung patentsProtectionism is rising as a hot topic following the U.S. International Trade Commission’s initial ruling last week that Apple did not violate four of Samsung Electronics’ patents.Edward Gildea, administrative law judge at the ITC, said in a notice posted on its website that the Cupertino-based Apple’s gadgets ― such as the iPhone, iPad and iPod ― did not infringe on Samsung’s intellectual properties earlier on Saturday, local time.The ev
IndustrySept. 16, 2012
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Korea seeks to globalize won via tie-up with China
South Korea is seeking to expand the use of the won in trade with China as part of its efforts to internationalize its currency by reducing heavy reliance on the dollar and better cope with risks from external turbulence, the finance minister said.To that end, the government will tap into the Korea-China currency swap line, through which it lends money to Chinese firms and encourages them to settle payments for trade by using the won, he added.This is the first meaningful action by the governmen
Sept. 16, 2012
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Stocks expected to continue upward move this week
South Korean stocks are expected to keep their upward momentum this week on improved investor sentiment following recently-unveiled stimulus measures by the U.S. Federal Reserve, analysts said Saturday.The country’s key stock index, the KOSPI, jumped 4.04 percent, or 78 points, last week to close at a five-month high of 2,007.58 on Friday.On Friday alone, the index rallied 2.92 percent as investors cheered the Fed’s decision to purchase mortgage bonds as long as it needs and keep interest rates
Sept. 16, 2012
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QE3 raises need for Korea to smooth capital inflows: BOK
South Korea’s top central banker has stressed the need to smooth the volatility of cross-border capital flows as emerging countries cannot block liquidity inflows stemming from advanced economies’ monetary easing steps.Central banks in the U.S. and the eurozone announced in September moves to take unconventional monetary easing steps in a bid to prop up their fragile economies, dogged by the eurozone debt crisis.The Federal Reserve pledged Thursday to pump $40 billion every month into the U.S. e
Sept. 16, 2012
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Shareholders to announce 2nd bidding for KAI sale
Major shareholders of Korea Aerospace Industries Ltd. plan to make a second public notice of bidding this week to sell a 41.75 percent stake in the aircraft manufacturer, Korea Finance Corp. said Sunday.The state-run Korea Finance Corp., which is in charge of the sale as the biggest shareholder of KAI with a 26.41 percent interest, will announce the second bidding on Monday, it said. The deadline to submit preliminary bids is Sept. 27.Other major shareholders include Hyundai Motor Co. and Doosan
Sept. 16, 2012