Most Popular
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Hybe's multilabel system tested amid conflict with Ador
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ministry denies blame for Jamboree debacle
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Playfulness may help attract women
(MCT)Humans, unlike most other mature mammals, play throughout their lives and U.S. researchers say that may have something to do with mating.Garry Chick, professor and head of the Department of Recreation, Park and Tourism Management at Pennsylvania State University, said playfulness may serve an evolutionary role in human mating preferences by signaling positive qualities to potential long-term
TechnologyAug. 5, 2012
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Korea’s per-capita GNI to reach all-time high in 2012: data
South Korea's per-capita gross national income (GNI) will likely reach an all-time high this year despite gloomy global economic conditions, data showed Sunday.The country's nominal GNI are forecast to reach about US$23,159 this year, up 3 percent from $22,489 reported a year earlier, according to the data provided by the Finance Ministry.The figures are based on the ministry's 3.3 percent economi
Aug. 5, 2012
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Three companies get go ahead for space taxi plans
Boeing Co.'s CST-100 capsule (left), Sierra Nevada Corp.'s Dream Chaser space plane (middle) and SpaceX's Dragon capsule(right). (NASA)Three aerospace firms were awarded a combined1.1 billion dollars from NASA Friday to develop commercial spaceshipsto carry astronauts into space within the
TechnologyAug. 4, 2012
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Samsung defeats Apple bid for sanctions over evidence
Samsung Electronics Co. defeated a bid for judicial sanctions sought by Apple Inc. over a release of evidence in the iPhone patent dispute now on trial in San Jose federal court in California. U.S. District Judge Lucy Koh today dismissed Apple’s request to punish a Samsung lawyer’s public disclosure of evidence excluded from trial. Koh polled jurors on the matter and concluded they could remain in
TechnologyAug. 4, 2012
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Foreigners dump local stocks for 4th month
Foreign investors offloaded local stocks for a fourth consecutive month in July mainly due to continuing external uncertainties stemming from the debt-mired eurozone, the financial regulator said Friday.Overseas investors sold off a net 710 billion won ($627.2 million) worth of local equities last month, with their shareholdings reaching 379.9 trillion won as of the end of July, the Financial Supervisory Service said.Foreign stock ownership inched up to 31.6 percent of the market cap last month
Aug. 3, 2012
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KEPCO seeks 4.9% hike in electricity bill
The Korea Electric Power Corp. announced Friday that its board of directors has agreed to increase electricity charges by an average of 4.9 percent from as early as September, with additional hikes being considered within the year.The fee hikes, implemented differently across industries, would amount to 7 percent for businesses, 3 percent for homes and 3 percent for the agricultural sector, according to the state-run power company KEPCO. KEPCO, calling the long freeze in electricity prices the m
IndustryAug. 3, 2012
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Average monthly import car sales top 10,000
Import car sales in the local market continued their boom last month although Korean automakers and three foreign companies that operate production factories in Korea are still suffering sluggish vehicle sales.According to the Korea Automobile Importers & Distributors Association, the nation’s import car sales exceeded 10,000 units for the fifth consecutive month.“Sales of import cars came to 10,768 units in July, up 21.5 percent from a year before,” a KAMA spokesman said on Friday. “After posti
IndustryAug. 3, 2012
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Bill cuts capital gains tax for multiple homeowners
The Finance Ministry on Friday unveiled a revised tax bill which removes the additional capital gains tax burden on multiple homeowners as part of efforts to stimulate the property market. Multiple homeowners, with the exception of those possessing three or more homes in speculative regions, will be applied the same capital gains tax rates as those who own a single home when selling their houses. The bill also includes raising the minimum tax rate for large companies that receive various tax ben
Aug. 3, 2012
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GS Caltex to expand ties with China’s Shandong
GS Caltex and China’s Shandong Province have agreed to further expand their business and cultural cooperation. According to the nation’s second-largest oil refiner, its chairman Hur Dong-soo and Shandong Province governor Jiang Daming held a meeting for a strategic partnership as a delegation from the Chinese province visited the GS Caltex plant in Yeosu, South Jeolla Province, on Thursday. “I appreciated the achievements we have made over the past 10 years in China under a strong partnership wi
IndustryAug. 3, 2012
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FSS strives to retain supervision power
Regulator poised to intervene in KDIC’s probe of savings banksFinancial regulators are sticking their noses into the Korea Deposit Insurance Corp.’s independent investigative authority over mutual savings banks, many of which it failed to supervise.The situation comes after the Financial Services Commission and the Financial Supervisory Service hindered the National Assembly from allowing the Bank of Korea to independently conduct a probe of financial firms last year.The FSS is in talks with the
Aug. 3, 2012
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Sex-related keywords peak in summer
A recent study in the U.S. showed that people tend to use date-related keywords in Google searches most frequently in the early summer, and December and January, according to a report on livescience.com.“Wherever we looked within these three different areas -- whether it was searches for ‘eHarmony,’ or for ‘brothel’ -- there was this exact same pattern,” said study researcher Patrick Markey, who is a psychology professor at Villanova University. He added that this trend was proven to be consiste
TechnologyAug. 3, 2012
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Seoul shares dip 1.11 percent on eurozone woes
South Korean stocks dropped 1.11 percent on Friday after the European Central Bank (ECB) failed to meet market expectations it would buy bonds issued by Spain and Italy, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 20.72 points to 1,848.68. Trading volume was light at 254.6 million shares worth 3.6 trillion won ($3.2 bi
Aug. 3, 2012
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KEPCO seeks 4.9% hike in electricity bill
The Korea Electric Power Corp. announced Friday that its board of directors has agreed to increase electricity charges by an average of 4.9 percent from as early as September, with additional hikes being considered by the end of the year. The fee hikes, that would be implemented differently across industries, would amount to 7 percent for businesses, 3 percent for homes, 3 percent for the agricultural sector, a KEPCO board member told in an interview. The 4.9 percent increase proposal will be re
IndustryAug. 3, 2012
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Seoul shares open lower on ECB disappointment
South Korean stocks got off to a weak start Friday as investors were disappointed with lukewarm actions by the European Central Bank (ECB), analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 19.55 points, or 1.05 percent, to 1,849.85 in the first 15 minutes of trading.Most shares traded in negative territory, with market bellwether Samsung Electronics falling 0.87 percent a
Aug. 3, 2012
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Eland tapped as prime bidder for Ssangyong E&C
Eland Group, a South Korean operator of outlet malls, has been picked as the preferred bidder for the purchase of local builder Ssangyong Engineering & Construction Co., the state-run debt clearer said Thursday. Eland will likely be acquiring a 50.07 percent stake from existing creditors worth 90 billion won ($79.5 million), and taking over new stocks worth 150 billion won through a rights of
IndustryAug. 3, 2012
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Is your problem gluten or faddish eating?
ATLANTA (AP) ― It sounds like an unfolding epidemic: A decade ago, virtually no one in the U.S. seemed to have a problem eating gluten in bread and other foods. Now, millions do.Gluten-free products are flying off grocery shelves, and restaurants are boasting of meals with no gluten. Celebrities on TV talk shows chat about the digestive discomfort they blame on the wheat protein they now shun. Some churches even offer gluten-free Communion wafers.“I don’t know whether there’s more people getting
TechnologyAug. 2, 2012
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Depression in kids and adolescents
It is natural to feel unhappy during times of frustration or loss at different points in our lives. Children and adolescents can also experience such feelings like adults. These depressive symptoms are usually temporary and are relieved in a few days. However, when this mood progresses to depression, it lasts for a longer period and it is difficult to overcome on one’s own. Therefore, early detection and intervention with regards to depression in children and adolescents is important. The depres
TechnologyAug. 2, 2012
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Screening for atopic dermatitis
Summer is a cruel season for atopic dermatitis patients and their families. The heat and humidity exacerbate the itchiness and pain that come with the disorder. Worried parents often stay up all night fanning their children kept awake by itchy and swollen skin. According to the British National Health Service, atopic eczema, also known as atopic dermatitis, is the most common form of eczema. It mainly affects children, but can continue into adulthood.The number of people diagnosed with atopic d
TechnologyAug. 2, 2012
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LG Electronics sets sales record for Optimus LTE2 smartphone
LG Electronics has posted a new sales record for its Optimus LTE2 smartphone, making it the company’s fastest selling mobile phone to date.The Korean electronics giant achieved a benchmark setting record of 500,000 units sold in just 70 days, according to a Yonhap News report on Thursday. The product was launched this May and is the latest in the company’s flagship smartphone Optimus LTE line. The previous version, “Optimus LTE,” took more than 80 days to achieve this figure, Yonhap reported. L
IndustryAug. 2, 2012
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KT makes all-out effort to grab more LTE share
KT is beefing up its efforts to grab a bigger share in the local Long Term Evolution handset market, with the firm offering incentives to all employees who join its marketing drive.The country’s second-largest mobile carrier said it will hand out incentives, amounting up to 5 million won ($4,418), to all of its 32,000 workers ― not only in sales but in all departments ― who are successful in getting customers to sign on to KT’s LTE smartphone service. According to the company, workers of departm
IndustryAug. 2, 2012