Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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Samsung mocks Apple over iPhone alarm glitch
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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Speaker floats dual citizenship as solution to falling births
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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
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BMW to build mammoth driving center in Korea
Korea becomes first Asian country to have such a BMW facilityBMW Group Korea announced Thursday that it will build a large-scale driving center on Yeongjong Island, where Incheon International Airport is located, by 2014.This will mark the fourth driving center of Munich-based BMW Group, following two in Germany and one in the United States.The import automobile brand plans to pour 70 billion won ($61.9 million) into construction of the BWM Group Driving Center on a site of 250,000 square meters
MobilityAug. 30, 2012
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Legislation underway to prohibit sale of energy drinks in school zones
Fast-growing energy drink industry meets growing pressure over health risks The local market for energy drinks which contain large amounts of caffeine has grown remarkably over the past two years, but is expected to face regulations due to health risks.Rep. Choi Dong-ic of the main opposition Democratic United Party is gathering fellow lawmakers’ support to submit a revised bill next month to ban the sale of energy drinks near schools to limit children’s access to the caffeinated beverages which
IndustryAug. 30, 2012
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Samsung wows crowd with new Galaxy Note 2, Galaxy Camera
Firm becomes world’s first to roll out Windows 8 handsetSamsung Electronics on Thursday featured the new 5.5-inch Galaxy Note 2 as well as a new device called Galaxy Camera at its mobile unpack event ahead of the IFA electronics trade show in Berlin. The world’s top smartphone maker also wowed the crowd of about 1,500 people by introducing its new “ATIV” lineup of smart PC, tablets and smartphones
IndustryAug. 30, 2012
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New diet craze: No food restrictions, so eat everything you want...every other day
“Alternate-day dieting” is when you gorge yourself with whatever you want to eat one day and eat only 500 calories the next day, according to news sources. This diet came into popularity the airing of a BBC documentary with health journalist Dr. Michael Mosley. In the feature, Mosley ate normally five days a week and only ate 600 calories the other two days. After a month, he lost 14 pounds and reduced his body fat by about 25 percent. The diet is now known as the 5/2 diet. Additionally, scienti
TechnologyAug. 30, 2012
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'Talking' brain found better at math
Mathematical calculation requires the two sides of the brain to "talk" to each other, U.S. scientists say, and the stronger the talk, the better the outcome.The research sheds light on the neural basis of human math abilities and suggests possible help for those who suffer from dyscalculia -- an inability to understand and manipulate numbers, the University of Texas at Dallas reported Wednesday.Pr
TechnologyAug. 30, 2012
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Math says Earth safe from asteroid
Russian scientists say recalculation of the path of a large asteroid named Apophis indicates a significantly low likelihood of a hazardous encounter with Earth.Researchers at the Institute of Astronomy of the Russian Academy of Sciences have re-run the numbers on the asteroid, thought to be the size of two football fields, institute research fellow Viktor Shor said Wednesday.The orbit of Apophis, discovered in 2004, is slightly offset to that of Earth‘s, and astronomers have determined the aster
TechnologyAug. 30, 2012
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Samsung unveils Galaxy Note 2
Samsung Electronics Co., the world‘s top smartphone maker, on Thursday unveiled its latest Android platform-based Galaxy Note 2 at an European trade fair, grabbing the spotlight ahead of rival Apple Inc.’s new iPhone release.Samsung debuted the Galaxy Note 2 at the IFA trade show inBerlin on Wednesday (local time), with plans to release its latest “phablet” model in October. The phablet, a cross between a smartphone and a tablet computer, features larger displays than smartphones but are more po
TechnologyAug. 30, 2012
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Planet search moves to Antarctica
Chinese astronomers say they are using survey instruments in Antarctica to search actively for Earth-like planets that may sustain life.They installed the first of three Antarctic Survey Telescopes at Dome Argus, located at the highest elevation on the Antarctic continent, at the beginning of the year, China‘s official Xinhua news agency reported.They use satellite phones to give orders to and receive data from their unmanned survey instruments in the harsh environment but can only receive limit
TechnologyAug. 30, 2012
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Twin stars found with multiple planets
This scene from movie "Star Wars" shows a fictional planet Tatooine, which orbits two stars.U.S. astronomers say the Kepler planet-hunting mission found the first multi-planet solar system orbiting a binary star, bringing images of "Star Wars" to mind."It's Tatooine, right?" University of Texas at Austin astronomer Michael Endl said, referring to the fictional planet with twin suns in the popular
TechnologyAug. 30, 2012
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Korean investments in overseas securities fall in Q2
South Korean investments in overseas securities fell for the first time in three quarters in the second quarter as the eurozone debt crisis hit share prices, the central bank said Thursday.Institutional investors' investments in foreign stocks, bonds and so-called Korean Paper reached an outstanding $54.44 billion as of the end of June, down $2.2 billion from three months earlier, according to the
Aug. 30, 2012
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Seoul shares open lower on blue-chip losses
South Korean stocks got off to a weak start Thursday, dented by losses in blue chips, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) fell 12.04 points, or 0.62 percent, to 1,916.50 in the first 15 minutes of trading. Large-cap shares dipped across the board, with market bellwether Samsung Electronics sinking 1.06 percent and No. 1 automaker Hyundai Motor sliding 1.02 percen
Aug. 30, 2012
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Korea submits FTA with Turkey to parliament for ratification
South Korea's government on Wednesday submitted a free trade deal with Turkey to the National Assembly for ratification, the final step needed for Seoul to put the pact into effect, the trade ministry said.After nearly two years of negotiations, South Korea and Turkey signed the free trade agreement on manufactured goods on Aug. 1.The two countries plan to hold further talks this year to conclude
Aug. 29, 2012
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Asset deflation clouds Korean economy
Falling prices of property, stocks deal blow on consumptionFears of an asset deflation are casting a shadow over the Korean economy as prices of real estate and stocks continue their downward streaks.Murky outlooks on the recovery of asset prices dampen consumption and investment in the long term, which in turn pulls down asset prices further. The value of real estate, which takes up about 80 percent of assets owned by Korean households, has been dropping over the past four years.Apartment price
Aug. 29, 2012
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‘Four rivers’ worth W52tr, Dokdo W7.4b: Land Ministry
The Land Ministry estimated the asset value of Dokdo at 7.4 billion won and the refurbished four rivers at 51 trillion won, according to a report the ministry submitted to the National Assembly.Land Ministry officials said that the government reevaluated all state-owned land assets including Dokdo and the nation’s major four rivers. The report calculates the total properties under the supervision of the ministry as worth around 542.7 trillion won, which takes up about 35.6 percent of state asset
Aug. 29, 2012
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POSCO E&C expands social contributions
Following is the fourth in a series of stories about companies’ social contribution activities. ― Ed.POSCO Engineering & Construction, a leading Korean builder, is stepping up efforts in social contribution activities by encouraging employees to participate in volunteer programs both in Korea and abroad. The construction unit of the world’s fourth-largest steelmaker POSCO last year announced its new slogan “Happy Builder,” which represents the company’s willingness to create a happier society.
IndustryAug. 29, 2012
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Vieworks further pushes for global leadership
Global No. 1 industrial camera maker eyes growth in OLED, X-ray markets Liquid crystal display manufacturing involves sophisticated technology.It also involves high-end inspection equipment and systems to make sure manufacturers such as Samsung Electronics can produce the world’s top quality LCDs.High-performance industrial cameras such as those made by Vieworks are crucial parts of such equipment that can detect even the tiniest flaws, unnoticeable to the human eye, before products are shipped
TechnologyAug. 29, 2012
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Justice comes under spotlight in Samsung-Apple verdict
Fairness has come under spotlight over the recent verdict on the patent lawsuit between Samsung Electronics and Apple.Local market observers including some analysts remained cynical over the situation that Apple won a billion dollars last week, after a jury ruled that Samsung had copied a handful of features from the iPhone.They cast doubt if the jury really profoundly reviewed a variety of documents, tendered from both sides, which involve technology-related sophisticated content. “While attorn
IndustryAug. 29, 2012
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Korea’s current account surplus hits new high
South Korea’s current account surplus rose to a new high in July as imports fell at a steeper pace than exports amid weakening demand and falling oil prices, the central bank said Wednesday.The current account surplus reached $6.1 billion in July, up from a revised $5.88 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The July data marked the sixth straight month of the surplus run, worth a cumulative $19.85 billion, a
Aug. 29, 2012
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Hyundai Heavy has highest credit rating among top 10 chaebol: study
Among the nation’s 10 conglomerates, Hyundai Heavy Industries marked the highest credit rating, according to recent research. CEO Score, a CEO and company appraising website, said on Wednesday that Hyundai Heavy Industries issued a total of 1.2 trillion won ($1.06 billion) worth of corporate bonds between July last year and Aug. 24 this year, at an average annual interest rate of 3.51 percent. The interest rate was the lowest among the ten conglomerates researched, which signifies that the compa
Aug. 29, 2012