Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Tensions heighten ahead of first president-opposition chief meeting
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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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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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Seoul to provide housing subsidy to married couples with newborns
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New head of doctors' association vows war in case of disadvantage to medical professors
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KAI sale fails to draw enough bidders
The sale of the state-run Korea Aerospace Industries is expected to be further delayed as its first public bidding failed to attract bidders other than Korean Air until the deadline at 3 p.m. Friday. The leading flag carrier had submitted its letter of intent to acquire the nation’s only aircraft maker but its sole participation could not meet the legal conditions for a valid competition to continue the bidding process. “We will discuss future plans including the schedule for the next bidding in
IndustryAug. 31, 2012
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Kolon to file motion against ban on sales of body-armor fiber
DuPont Co., the inventor of Kevlar, won a ruling barring Kolon Industries Inc. from selling a competing version of the product used in protective clothing for police and the military for the next 20 years.U.S. District Judge Robert Payne in Richmond, Virginia, today barred Kolon from selling products in the U.S. made with its para-aramid fiber after a jury found last year that the Korean manufacturer stole trade secrets relating to the Kevlar fiber and should pay more than $919 million in damage
IndustryAug. 31, 2012
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Samsung to roll out premium OLED in Q4
BERLIN ― Samsung Electronics, Korea’s largest consumer electronics company, plans to begin mass producing next-generation organic light-emitting diode televisions in the fourth quarter of this year.This is part of its plan to maintain the top position in the global TV industry, Yoon Boo-keun, president of the company’s consumer electronics division, said during a dinner with the Korean press Thursday.The Korean tech giant has been the top TV producer over the past seven years. OLEDs are expected
IndustryAug. 31, 2012
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Samsung wins over Apple in Japan case
Tokyo court rules Samsung did not infringe on Apple invention for synchronizing music and video data with serversA Tokyo court ruled on Friday in favor of Samsung Electronics, saying the Korean company did not infringe on an Apple patent related to transferring media content from computers to smartphones and tablets.The ruling is the latest in a global court battle between the two tech behemoths over patents used in mobile devices after the U.S. crucial ruling last week that dealt a blow to Sams
TechnologyAug. 31, 2012
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Merck awards 18 for tech contributions
Merck Advanced Technologies, the Korean affiliate of Germany-based chemical and pharmaceutical company Merck KGaA, announced Thursday the winners of its “Merck Award” and “Merck Young Scientist Award” during the 2012 International Meeting of Information at Daegu EXCO. The 18 winners for the Merck Award included a team composed of Hyun Woo-jin of KAIST and three other scientists with the entry “Solution-Processible Corrugated Structure and Scattering Layer for Enhanced Light Extraction from Organ
Aug. 31, 2012
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Intra-group trading grows further
Transactions among affiliated companies of the nation’s major business groups have increased again this year, with most of the deals being made without fair competition, the state-run antitrust watchdog said Thursday. The Fair Trade Commission said it would toughen surveillance on whether any unfair favors were given to their subsidiaries, especially in system integration, logistics and advertising sectors. According to the FTC report, the nation’s 46 conglomerates 1,407 trillion won ($1,240 bil
IndustryAug. 31, 2012
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Internet addiction may have genetic link
Internet addiction may have a molecular basis, German researchers say, linked to a genetic variation that also plays a major role in nicotine addiction.Researchers at the University of Bonn studying people and their Internet habits found a significant number who exhibit problematic behavior, where all their thoughts revolve around the Internet during the day and they feel their well-being is sever
TechnologyAug. 31, 2012
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Baltic sea object is only a glacial deposit, experts say
A ‘mysterious’ object, which was found at the bottom of the Baltic Sea last year and aroused far-fetched speculation is just a glacial deposit from thousands of years ago, Swedish scientists said.Volker Brüchert, associate professor of geology at Stockholm University said in a interview with local media that there was nothing mysterious about the object that was discovered by the Ocean X team.“What has been generously ignored by the Ocean X team is that most of the samples they brought up from t
TechnologyAug. 31, 2012
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Samsung wins over Apple in Japan patent ruling
A Japanese court on Friday found Apple Inc.‘s patent infringement claim on Samsung Electronics Co. invalid, giving an upper hand to the South Korean company that suffered a crushing defeat in a U.S. jury verdict delivered last week.In a preliminary session, the Tokyo District Court ruled Samsung didn’t infringe on Apple‘s technology on transferring media contents from computers to smartphones and tablets.The patent is one of the two intellectual properties the iPhone maker addressed in its Augus
TechnologyAug. 31, 2012
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Korea's industrial output shrinks for 2nd month in July
South Korea's industrial output shrank for the second straight month in July, raising concerns the country's economy might be faltering in the face of headwinds from the eurozone debt crisis and a global slowdown, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries fell 1.6 percent in July from a mon
Aug. 31, 2012
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LTE subscribers top 10 mln mark
The number of South Koreans who use smartphones that run on the fourth-generation long-term evolution (LTE) network has exceeded the 10 million mark in over a year after its debut, industry sources said Friday.According to the sources, the country‘s three mobile carriers reported a total of 10.12 million LTE subscribers as of Wednesday, meaning that one out of five South Koreans use LTE smartphones in the country with a population of 50 million.Market leader SK Telecom had 4.84 million users, wh
IndustryAug. 31, 2012
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Napa Valley vineyard creates ‘Dokdo Wine’
Shinsegae Department Store will launch a special wine product, dubbed “Dokdo Wine,” this Friday.Korean-American dentist Ahn Jae-hyun, who is also founder of the “Dokdo Winery,” has been producing the wine in Napa Valley, United States. The wine is labeled “799-805,” named after Korea’s easternmost Dokdo islets’ postal code.As his individual effort to spread the historial fact that Dokdo belongs to Korea and not Japan, Ahn is donating some of the profits from sales of wine to organizations campai
IndustryAug. 30, 2012
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Sales of diesel, hybrid cars soar
As if reacting to the continued economic slump, more Korean drivers are turning to more fuel-efficient cars with diesel, hybrid or LPG engines.A report from the Korea Automobile Manufacturers Association shows that consumers’ preference for such vehicles rather than gasoline-powered sedans and sports utility cars is increasing.Car industry observers said the increasing cost of fuel seems to be leading drivers to prioritize fuel efficiency. Gasoline prices in Korea have been hovering around 2,000
Aug. 30, 2012
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Surgery for fighting obesity
For severely obese people, gastric bypass surgery can be the surest, and the most cost-effective, way to weight loss, a new study found. Surgeries are expensive, but their long-term economic benefits, in terms of improvements in health and life quality, are greater than traditional weight-loss options such as diet, exercise and medication, the National Evidence-based Healthcare Collaborating Agency said in its recently released research. “They are costly, but far more effective in treating obesi
TechnologyAug. 30, 2012
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Confectioner Orion eyes W1tr sales in China
HONG KONG (Yonhap News) ― Orion Corp., South Korea’s second-largest confectionery company, expects to see its China sales rise 43 percent to reach 1 trillion won ($880 million) in 2012, driven by rising income levels in the world’s most populous country, company officials said Thursday.The company’s operating profit will likely rise to about 100 billion won this year, compared with an operating income of 69 billion won last year, it said.Orion’s strong performance in China stems largely from the
IndustryAug. 30, 2012
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20s cut out clothes, 40s entertainment
Research shows how different generations cope with bad economyFashion-conscious young people in their 20s spent less on clothing to survive the prolonged economic slump, suggested recent research. Hana―SK Card said on Thursday that the credit card use of consumers in their 20s steadily decreased since the fourth quarter last year. The card company analyzed the consuming trend of its customers during the past year. This year marks the first time that clothing purchases have dropped from the top 1
Aug. 30, 2012
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Fruit prices expected to soar after typhoon
Fruit prices are likely to soar as many apples and pears dropped from their trees due to Typhoon Bolaven which hit the nation this week. Another typhoon also on the way, Tembin, may make matters even worse. Insurance payouts to be given to the affected farms are expected to reach 80 billion won ($70.5 million), NongHyup Property and Casualty Insurance said on Thursday. Nonghyup analyzed the financial loss of 9,424 hectares of orchards throughout the nation that were harmed due to the typhoon. Th
IndustryAug. 30, 2012
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Hyundai Motor agrees on wage hikes, work system
The management and labor union of South Korea’s leading automaker Hyundai Motor Co. on Thursday reached a temporary agreement on wake hikes and shorter working hours after months of negotiations.The agreement calls for introducing a two-shift daytime work system. It also includes a wage hike of 98,000 won ($87), or 5.4 percent, with additional bonuses.The new working system will start from March next year, according to the agreement. The company changed the system for the first time in 45 years.
Aug. 30, 2012
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Hyundai Heavy to set up center for former sex slaves
Hyundai Heavy Industries said Thursday it has donated 1 billion won ($880,000) to set up a “healing center” for former sex slaves who were forcibly taken by the Japanese army into sex slavery during World War II. The center, tentatively named the “House for Healing and Peace,” will offer diverse welfare programs for the remaining 60 victims of Japan’s wartime sex crimes here as well as history education for visitors, the company said. Starting with the first case of Kim Hak-soon in 1991, a total
IndustryAug. 30, 2012
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Daewoo E&C supports African ambitions
Following is the fifth in a series of articles about major companies’ social contribution activities at home and abroad. ― Ed.For Daewoo Engineering and Construction Co., its corporate social responsibility activities in Africa are all about sharing with humanity beyond race and nationality.Having proceeded with construction deals in local communities of multiple continents for decades, the construction company has employed a variety of community service projects and aid programs to enhance the
Aug. 30, 2012