Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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China 10 years from now and Korea’s corporate response
As China speeds up industrial upgrading, Korea will face more competition in all sectorsThe world’s most populous country, China has set expanding domestic demand as a core engine for mid- to long-term economic growth. To facilitate higher consumption, the government is seeking to improve the distribution of wealth. Major initiatives include urbanization, higher worker wages and social welfare improvements. Urbanization and national land development planning are the main factors in the developme
Aug. 21, 2012
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Samsung, SKT picked as best employers
Samsung Electronics Co. and SK Telecom Co. have been chosen as the best workplaces among businesses in Korea in a recent survey.The two companies scored top in their respective sectors of manufacturing and service in the survey of 4,204 workers and human resource experts conducted by the Korean Management Association Consulting for three months starting March.Samsung Electronics has come first four years in a row, and SK Telecom for five consecutive years in the annual KMAC survey.In the manufac
IndustryAug. 21, 2012
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Coffee chains expand beyond Seoul
Café-saturated capital and regulations push local coffee brands to find new markets overseasKorean coffeehouse chains are eyeing markets overseas as Seoul becomes oversaturated with coffee shops. The number of coffee shops in Korea increased from about 6,000 in 2008 to 9,400 in 2011 according to research conducted by Samsung Economic Research Institute. The research also showed that some 40 percent of stores run by the top five Korean brands ― Caffe Bene, Hollys Coffee, Ediya Coffee, Angel-in-us
IndustryAug. 21, 2012
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NASA announces new Mars mission
This image provided by NASA shows an artist rendition of the proposed InSight (Interior exploration using Seismic Investigations, Geodesy and Heat Transport) Lander. (AP-Yonhap News)WASHINGTON (AP) ― After driving all around Mars with four rovers, NASA wants to look deep into the guts of the red planet. The space agency decided Monday to launch a relatively low-cost robotic lander in 2016 to check
TechnologyAug. 21, 2012
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Promise of update spurs Diablo 3 resurgence
Diablo 3’s sagging popularity has rebounded dramatically thanks to news of an upcoming major content and gameplay system update slated for Thursday.Blizzard Entertainment, the developer and distributor of Diablo 3, recently announced the 1.0.4 update plan, which is expected to drastically change the overall game system and upgrade its content. After the announcement, GameNote said the popularity rank of Diablo 3 in Korea jumped to 4th place, climbing 16 steps as of the third week of August. Game
TechnologyAug. 21, 2012
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Dunkin' Donuts sued over racial bias
A chocolate glazed donut and a cup of coffee are arranged for a photograph at a Dunkin' Donuts Inc. store in West Orange, New Jersey, U.S. (Bloomberg)Dunkin' Donuts discriminates against minority owners through unfavorable business locations, a suit filed Monday in New Jersey state court says.The Massachusetts-based Dunkin' Brands operates nearly 7,000 pastry-and-coffee franchises throughout the c
IndustryAug. 21, 2012
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Study: College binge drinkers happier
Binge drinking in college is associated with higher status and binge drinkers appear happier than their abstaining peers, U.S. researchers say.Study co-author Carolyn L. Hsu, an associate professor of sociology at Colgate University, and Landon Reid, a former faculty member at Colgate now attending law school at New York University, said students from higher status groups -- wealthy, male, white, heterosexual and Greek-affiliated undergraduates -- were consistently happier with their college soc
TechnologyAug. 21, 2012
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Astronomers describe death of planet
(Casey Reed/NASA)An international team of astronomers says they've seen the first evidence of a planet's destruction as its aging star became a red giant at the end of its life."A similar fate may await the inner planets in our solar system, when the sun becomes a red giant and expands all the way out to Earth's orbit some 5 billion years from now," team member Alex Wolszczan, a professor of astro
TechnologyAug. 21, 2012
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Chanel wins lawsuit against Korean bar
A small South Korean bar has been ordered to pay damages to Chanel for infringing upon the value held by the French luxury house, court records showed Tuesday.The Seoul Central District Court ordered the local bar, known as the Chanel Business Club, to pay 10 million won (US$8,800) in compensation to Chanel, saying that the bar inflicted damage to the distinctiveness and reputation attached to Cha
IndustryAug. 21, 2012
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U.S. Rep: Pregnancy from rape is 'really rare'
Missouri Congressman Todd Akin, the conservative Republican U.S. Senate candidate, said in a television interview that it is “really rare” for women to become pregnant when they are raped.Akin, a six-term congressman running against incumbent Democrat Sen. Claire McCaskill, was asked in an interview that aired Sunday on St. Louis television station KTVI if there were any circumstances in which he would support a woman's decision to have an abortion.Akin, who has said he's Missouri's most conserv
TechnologyAug. 21, 2012
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Samsung's investment up 22 pct in H1
Investment by Samsung Electronics Co., the world's top smartphone and flat-screen TV maker, jumped 22 percent in the first half of the year compared with a year ago despite bleak economic circumstances, a report showed Tuesday.The tech behemoth spent a total of 19.7 trillion won (US$17.4 billion) on facility investment as well as research and development(R&D) in the January-June period, compared w
IndustryAug. 21, 2012
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Flaw in Apple's iOS risks message hack
A security flaw in Apple's iOS operating system allows text messages to be spoofed, well-known hacker Pod2g says.If exploited, the flaw allows someone to send a text message with a different address on the "reply" line from what appears in the "from" field of the message, Pod2g said.Such a message could appear to be from someone a user trusts, such as a family member, with a message to asking for
TechnologyAug. 21, 2012
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Air passenger traffic rises to new high
Korea’s international air passenger traffic jumped to a new monthly high in July due to a sharp rise in visitors from Japan and China, the governmenty said on Monday.The number of international air passengers to and from Korea surged to 4.34 million last month, up 10.2 percent from the same period last year, according to the Ministry of Land, Transport and Maritime Affairs.“International airline passengers increased greatly in July due to an increase in the number of South Koreans going overseas
Aug. 20, 2012
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Firms face global patent disputes
Korea’s business sector has faced a growing number of patent disputes with foreign enterprises as many local big players are increasing their shares in overseas markets.According to the Korean Intellectual Property Office, the business sector saw the number of international patent lawsuits surge by 80.5 percent over the past two years. In particular, Korean firms are increasingly becoming the target of patent offensives from foreign technology powerhouses.“A growing number of foreign firms have
IndustryAug. 20, 2012
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Minister urges business to raise hiring, investment
Business leaders in Korea need to step up investment and hiring to help boost the domestic economy, the top economic policymaker said Monday, as the country struggles with prolonged market uncertainty from eurozone debt problems and possible global slowdowns.“As a result of slower-than-expected global economic recovery from the slump and its impact on our economic situation, exports and domestic demand, the two growth engines (for Korea), are not fully cranking up,” Finance Minister Bahk Jae-wan
Aug. 20, 2012
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LG hopes to expand global smartphone market share
LG Electronics said Monday that it will expand the global launch of its flagship smartphone Optimus Vu in a bid to widen its presence in other nations.The company said that it will roll out the gadget in Europe next month and then launch it in the Commonwealth of Independent States, Asia and Latin America.The move takes place after the firm released the 5-inch display smartphone in Japan earlier this month, which was the first overseas launch.What is different from the gadget launched in Japan i
IndustryAug. 20, 2012
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Lackluster sales prompt Chung’s visit to U.S.
Hyundai Motor Group chairman Chung Mong-koo is expected to call on the automotive group’s U.S. operation to map out measures against Toyota Motor’s rapid sales growth in North America.Chung has left for Los Angeles where Hyundai’s U.S. sales corporation is located. “The chairman will also visit the Alabama plant of Hyundai Motor and the Georgia plant of (affiliate) Kia Motors,” a group spokesman said Monday.“The U.S. auto market was also hit by the eurozone debt crisis. The chairman’s visit is a
IndustryAug. 20, 2012
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Ssangyong E&C sale in rough waters
Preferred bidder E-Land gives up in last-minute talksSsangyong Engineering and Construction has failed again to find a new owner as its largest shareholder, Korea Asset Management Corp., and the preferred bidder E-Land Group could not reach an agreement in last-minute talks on Monday.At a subcommittee meeting held on the day, the Financial Services Commission decided to suspend the sale of the financially troubled builder Ssangyong E&C, citing a huge difference between the two parties.“E-Land a
IndustryAug. 20, 2012
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Graduates of Ewha, HUFS, Korea strong force in foreign firms’ HR staff
Ewha Womans University graduates made up the largest number of human resources staff at foreign companies in Korea, a recent survey showed.Korea Foreign Company Employee’s Human Network, a non-profit organization founded in 1999, recently looked at 1,026 employees who work in the HR divisions of foreign companies and are members of the network.KOFEN, an internet-based recruitment service specializing in foreign companies, said the survey showed that those who attended Seoul-based four-year colle
Aug. 20, 2012
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STX Group focuses on overseas orders to overcome recession
STX Group, a Korean shipbuilding and trading conglomerate, raked in $3.8 billion in the first half of this year from overseas deals for constructing 70 liquefied natural gas carriers and container carriers alone. With a 30 percent on-year growth in sales, the group has steadily won bids from the world’s major three shipbuilding markets ― Korea, China and Europe ― amid the unfavorable business climate in the wake of the European debt crisis.The group’s Chinese operation, STX Dalian, kicked off th
IndustryAug. 20, 2012