Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Police officer jumps barefoot into drainage tunnel to save man
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Lee Sun-kyun's posthumuous film to hit theaters in August
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State-led adoption system to be established to ensure adoptees' well-being, minimize overseas adoption
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Workers in combat training
Companies have employees train like Marines to bolster morale, teamwork and competitivenessTAEAN, South Chungcheong Province ― About two dozen men and women shout military chants at the top of their lungs as they jump off from an 11-meter tower with ropes tied around their legs and hips.Wearing a Marine uniform, no one dares to back out.“I was really scared before jumping. But it gets much easier after the first jump,” said Jie Tae-hwan, a sales employee of Narae Nanotech Corporation which makes
Sept. 7, 2012
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Marine-like camps booming
There are a slew of agencies that run training camps led by former Marine Corps drill instructors for corporate employees and students.The first was set up in 2002, and its four drillmasters, all ex-Marines, branched out to start their own companies due to differences in training style.Now, more than a dozen can be found on the Internet, though only about five are operating properly and actually have former Marine instructors in command, according to Lee Hee-seon, chief of Camp Tank. Kong Ki-you
IndustrySept. 7, 2012
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Ssangyong Motor to unveil concept car at Paris show
Ssangyong Motor Co., South Korea’s smallest automaker, said Friday it will unveil the latest version of its electric concept car at an auto show in Paris later this month in a bid to tap deeply into the European market.The e-XIV concept car, the electric model of its crossover utility vehicle, will make its debut at the 2012 Paris Motor Show slated for Sept. 27, according to Ssangyong. The company has introduced a series of XIV concepts in motor shows at home and abroad.The South Korean carmaker
IndustrySept. 7, 2012
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Shares up 2.57% on ECB bond plan
South Korean stocks closed 2.57 percent higher on Friday as investors cheered the European Central Bank’s bond-buying program amid a recent lack of upward momentum, analysts said. The local currency climbed against the U.S. dollar.The benchmark Korea Composite Stock Price Index soared 48.34 points to 1,929.58. Trading volume was heavy at 581.4 million shares worth 5.8 trillion won ($5.1 billion), with gainers far outnumbering decliners 607 to 197.“There had been wide-spread anxiety over uncertai
Sept. 7, 2012
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Major TV networks allowed to offer 24-hour service
The government on Friday announced its decision to lift a decades-long ban on late-night broadcasting of terrestrial television broadcasters to put them on an equal footing with cable TV channels.The decision was made during a plenary session of the Korea Communications Commission, which oversees the government’s broadcasting policies, according to the commission.Currently, the nation’s three terrestrial TV broadcasters ― KBS, MBC and SBS ― can air programs for 19 hours a day (from 6 a.m. to 1 a
Sept. 7, 2012
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LG phone wins top rating from German magazine
A smartphone produced by LG Electronics Inc., the world’s No. 3 handset maker, has been chosen as the best model by a German trade magazine, industry sources said Friday. The tech giant’s LG Optimus 4X HD, first introduced to the European market in May, topped the September review of six smartphone models in the Germany-based consumer magazine Connect. The LG Optimus 4X HD, with a 4.7-inch True HD IPS display, is powered by a quad-core processor and runs on Google Inc.’s Ice Cream Sandwich opera
IndustrySept. 7, 2012
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EUCCK closes to launch new entity
The European Union Chamber of Commerce in Korea said on Friday it decided to shut down after it was slapped with fines and overdue taxes worth 4.5 billion won, and launch as a new organization in cooperation with the Korean tax office.“What the EUCCK has been doing was very important, so it will be replaced by a new institution in the coming weeks,” Andre Nothomb, EUCCK vice president and head of Solvay Korea, told The Korea Herald.“It will have a new name but the same objective for the members.
IndustrySept. 7, 2012
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Hyundai not modifying sales goal despite slump
Hyundai Motor Group has decided to keep its yearly sales target of 7 million vehicles at home and abroad untouched, despite the union’s partial strike in August and weak domestic demand.Hyundai Motor and its affiliate Kia Motors suffered a production drop by 130,000 units compared to a monthly average due mainly to the labor dispute last month.The two automakers also saw sales in the local market fall by 30 percent from the previous year.“Though we’ve suffered difficulties, we are pinning hopes
IndustrySept. 7, 2012
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Apple’s move to reduce Samsung parts to have limited impact
Apple still chooses to go with the Korean tech giant on application processorsSamsung Electronics is unlikely to suffer heavily Apple’s alleged move to pressure the Korean tech firm by cutting down its orders for components in its iPhone 5, which is expected to be released next Wednesday, analysts here said on Friday.According to industrial sources, Apple is on the move to depend less on its biggest rival Samsung as the U.S.-based firm did not put in orders for some of its parts such as the mob
IndustrySept. 7, 2012
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KB set to take over ING Life Korea
Two sides reach ‘virtual’ settlement over terms of price: sourceKB Financial Group will soon take over the Korean insurance unit of ING Group, with the two sides having almost settled pending issues, financial sources in Seoul said on Friday.Negotiations between KB Financial, the nation’s second largest financial group and the sole contender in the bid for the Netherlands-based insurance group’s Korean arm, are in the final phase and they will soon conclude the deal, according to the sources inv
Sept. 7, 2012
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Nokia caught faking TV ad
ESPOO (UPI) -- Finnish phone company Nokia admitted that it had been caught red-handed faking a television ad for its new Lumia 920 mobile phone.An article in The Verge called Nokia on the ad after spotting a reflection of a camera filming for the advertisement that was said to be an example of how great the phone‘s video technology looked.Nokia was touting the phone camera’s “PureView” capability, which makes it possible to film a moving object from a moving platform.The Los Angeles Times repor
TechnologySept. 7, 2012
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Non-alcoholic wine lowers blood pressure
BARCELONA (UPI) -- Men at high risk for heart disease had lower blood pressure after drinking non-alcoholic red wine for four weeks, researchers in Spain say.Gemma Chiva-Blanch of the Hospital Clinic de Barcelona and colleagues studied 67 men with diabetes, or three or more cardiovascular risk factors, who ate a common diet plus one of the following drinks -- about 10 ounces of red wine, a similar amount of non-alcoholic red wine or about 3 ounces of gin.All of the men tried each diet/beverage c
TechnologySept. 7, 2012
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Green tea good for the memory
The chemical properties of green tea affect the generation of brain cells, providing benefits for memory and spatial learning, researchers in China say. Professor Yun Bai of the Third Military Medical University in Chongqing, China, and his team focused on the organic chemical epigallocatechin-3 gallate, known as EGCG, an antioxidant in green tea. "Green tea is a popular beverage across the worl
TechnologySept. 7, 2012
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Study: Death of dinosaurs was second event
The dying of dinosaurs 65 million years ago may have been the second of two extinction events, following one that killed marine life, U.S. scientists say.The extinction of dinosaurs is thought to be due to an asteroid at least 6 miles in diameter slamming into Mexico‘s Yucatan Peninsula, but new evidence shows life on the seafloor was already perishing at the time of the impact because of the effects of huge volcanic eruptions on the Deccan Plateau in what is now India.Researchers at the Univers
TechnologySept. 7, 2012
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IT ventures suffer manpower shortage: poll
South Korean information technology ventures are suffering from manpower shortages as fewer skilled people enter the field, a poll showed Friday.According to the survey on 1,800 small and mid-size tech firms conducted by the Korea Venture Business Association, 44.6 percent of respondents said they are suffering from a lack of skilled labor.They also cited financial strains, a sales slump, slow progress in research and development and stiff competition as business difficulties.The survey noted th
IndustrySept. 7, 2012
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Vietnam Agent Orange victims get Scientology 'detox'
Dozens of Vietnamese victims of Agent Orange on Thursday embarked on a controversial detoxification treatment plan developed by the Church of Scientology, a Hanoi hospital director said.US aircraft sprayed chemical defoliants such as Agent Orange over vast swathes of jungle during the Vietnam War in an attempt to flush out Viet Cong communist guerrillas by depriving them of tree cover and food.Th
TechnologySept. 7, 2012
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Q2 growth revised down to 0.3%, rate cut expected
Korea’s economy grew at a slower pace than earlier estimated in the second quarter of this year due to weaker demand and sluggish exports, data showed on Thursday.The Bank of Korea said Korea’s gross domestic product grew by a revised 0.3 percent in the second quarter compared to the previous three months, down from an earlier estimate of 0.4 percent.The slower growth is expected to mount pressure on the central bank to cut interests rate again to spur growth. The central bank froze the key rate
Sept. 6, 2012
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Fitch upgrades Korea
Fitch Ratings upgraded South Korea’s sovereign credit rating by one notch on Thursday.This is is the first time in 15 years that Korea has regained the “AA-” rating, which is on par with Saudi Arabia and a step higher than China and Japan.The global rating firm cited its continued economic and financial stability as well as the government’s fiscal discipline.Fitch raised Korea’s government bond rating to “AA-” from “A+”, roughly 10 months after changing the outlook to “positive” from “stable.”It
Sept. 6, 2012
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Shares up ahead of ECB meeting
Korean stocks closed 0.38 percent higher on Thursday as investors pinned hopes on the upcoming European Central Bank meeting, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index climbed 7.21 points to 1,881.24, snapping a two-session losing streak.Trading volume was heavy at 733.7 million shares worth 4.2 trillion won ($3.7 billion), with gainers outnumbering decliners 448 to 345.“There were concerns that Germany would be opposed to EC
Sept. 6, 2012
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AmorePacific opens shop in Singapore
AmorePacific Corp., South Korea’s leading cosmetics manufacturer, has opened its first “Sulhwasoo”brand outlet in Singapore as it steps up efforts to make inroads into the Southeast Asian market, company officials said Thursday. The outlet in a department store in Singapore’s popular Orchard Road shopping district sells the company’s top-of-the-line brand, which uses traditional herbal treatments. It is Amore Pacific’s 18th overseas outlet. The company also has Sulhwasoo brand stores in such cit
Sept. 6, 2012