Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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Early bird special for AMCHAM picnic
The American Chamber of Commerce in Korea will hold an early bird special for this year’s Labor Day Picnic on Sept. 1.Those who register by Aug. 10 will receive discounts between 10,000 won and 20,000 won. The event is free for children under age 8. The event will be held at the Misari Motorboat Racing Park, located in Hanam, Gyeonggi Province. Visit www.amchamkorea.org for more details. (renee@heraldm.com)
July 30, 2012
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3M Korea holds science camp for students
3M Korea said Sunday that it has successfully held the 11th session of an annual science camp for middle school students. About 120 outstanding science students participated in the one-day event, which took place at a local training center in Cheonan, South Chungcheong Province. A variety of hands-on activities were offered, including a forensic science project, where students learned how to analyze blood stains found at a “crime scene,” as well as a tower-stacking activity involving colorful ca
TechnologyJuly 30, 2012
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Ten big ideas about marketing to Koreans
It is important to keep certain rules of thumb in mind when marketing to Koreans. While not every Korean will share the following outlooks completely, these ideas represent conventional social views in Korea and are applicable and useful for a wide range of marketing purposes. Idea 1 ― Koreans aspire to high achievement quickly Koreans credit much of their success to one thing: hard work. Even today, with government-mandated shorter workweeks, many Korean “salarymen” still put in full days at th
July 30, 2012
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Alstom Korea seeks partnerships with private firms
Local CEO of French company says wind and tidal energy look promising for KoreaMultinational companies often face challenges when doing business in foreign countries. For Alstom Korea, one of the ways to overcome these problems is to pursue strategic partnerships.“Local manufacturers tend to have a monopolistic grip (in the power and transport industries) and they don’t have any real challenges ... so the key to growth for Alstom here is strategic partnering with local companies,” said Barry How
IndustryJuly 30, 2012
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Seoul shares up 0.8 percent on Europe optimism
South Korean stocks finished 0.8 percent higher Monday on optimism that European policymakers will take action to ease the debt crisis, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) gained 14.63 points to close at 1,843.79. Trading volume was moderate at 333.1 million shares worth 3.8 trillion won ($3.3 billion) with gainers
July 30, 2012
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Rich men, poor women exposed to obesity
Women on low incomes are more likely to be obese, while the opposite is true for men, according to a statistical report by the Korean Ministry of Health and Welfare.In a report titled “2010 National Health Statistics,” the ministry classified 8,000 people into four groups based on their monthly income.The relationship between income and obesity rates were opposite for men and women. Men’s obesity rate went up in high-income groups -- 41.0 percent compared to 31.8 percent for their low-income cou
TechnologyJuly 30, 2012
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$15,000 hidden in oven goes up in smoke
An Australian woman burned 15,000 Australian dollars ($15,700) without knowing that her husband hid the money in oven without telling her. The man, who was not identified, hid A$15,000 he had made by selling his car, intending to use it to pay the mortgage. However, his wife did not know about this and destroyed the money when she turned on the oven to make chicken nuggets.“It was everything I had,” the man said.He said he thought it would be safe to put the money in the oven because nobody used
July 30, 2012
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Capone‘s armored Cadillac up for sale
Al Capone‘s green and black Cadillac touring car was among the items on the block Saturday at a Michigan auction. Alan Squindo of RM Auctions told the Detroit News the car could go for as much as $500,000 at the sale in Plymouth, Mich. The event was not open to the public. Squindo said the car would be valuable even without its history. “This is a very special automobile, not withstanding its Capone history,” Squindo said. “It is a luxury car from a classic era as one of the first bulletproof ca
MobilityJuly 30, 2012
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Tick bite may cause red meat allergy
People who have been bitten by a tick, may develop an allergy to red meat, U.S. researchers say. Dr. Susan Wolver and Dr. Diane Sun of Virginia Commonwealth University said delayed anaphylaxis -- a severe, life-threatening allergic reaction -- to meat is a new syndrome identified initially in the southeastern United States. Patients may wake up in the middle of the night, with hives or anaphylaxis
TechnologyJuly 30, 2012
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Mom-to-be diet tied to child hypertension
The offspring of mothers on a low-protein diet are more likely to develop hypertension as adults, U.S. researchers say.Drs. Haijun Gao, Uma Yallampalli and Chandra Yallampalli of the University of Texas Medical Branch at Galveston said in rats, the high maternal testosterone levels associated with a low-protein diet are caused by reduced activity of an enzyme that inactivates testosterone.This inc
TechnologyJuly 30, 2012
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Seoul shares open higher on eased European woes
South Korean stocks got off to a strong start Monday driven by optimism that European leaders will take practical actions to save the euro, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 19.08 points, or 1.04 percent to 1,848.24 in the first 15 minutes of trading.Shares gathered ground across the board, with top-cap Samsung Electronics jumping 2.35 percent and leading c
July 30, 2012
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Hanwha chief praises Jin for winning gold
Hanwha Group said Sunday that its chairman Kim Seung-youn praised pistol shooter Jin Jong-oh for capturing Korea’s first gold medal at the London Olympics on Saturday. “I’m very proud of Jin for impressing the public with the nation’s first gold medal. I feel boosted on my way to Iraq,” he was quoted as telling Jin’s coach by phone from a Dubai airport. On Saturday, Kim was leaving for Iraq where Hanwha Engineering & Construction will carry out a $8 billion housing project for 100,000 houses in
IndustryJuly 29, 2012
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Renault Samsung sees customer satisfaction as winning path
Renault Samsung Motors has gained popularity in the local market with its SM sedan series over the past decade.Of the automaker’s lineup, the mid-sized sedan SM5 and compact SM3 have long been among the top sellers in their respective segments.The mid-sized and compact sedan segments collectively account for about 50 percent of Korea’s passenger car market.Company executives say that the quality of its vehicles is the secret of its success, and a string of awards and consumer survey results back
MobilityJuly 29, 2012
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Housing market continues to suffer stagnation
Experts concerned by government’s hasty measures to save sinking housing marketThe housing market is continuing to stagnate, with industry sources saying sales volume dropping by 20-50 percent every month compared to the same period last year. Following the sluggish demand, house prices are falling in the metropolitan area. Prices for apartments in Gangnam, where prices peaked in 2007, have been decreasing steadily since 2010. The 149.79-square-meter apartments at Daechi I’Park, which were price
IndustryJuly 29, 2012
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Minister, tycoon lash out at chaebol bashing
Hong stresses growth; FKI chief says existing rules enoughPoliticians’ latest calls for “economic democratization,” or efforts to promote balanced growth, prevent market domination by a select few and abuse of economic power, are drawing critical responses from policymakers and business leaders.Both ruling and opposition lawmakers have tabled a number of economic democratization bills to toughen regulations on large conglomerates ahead of the Dec. 19 presidential election. Knowledge Economy Mini
July 29, 2012
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Business sentiment falls to 3-year low on euro crisis
Korea’s business sentiment for August fell to a three-year low due to growing concerns over a global economic slowdown sparked by the persistent European debt crisis, a poll showed Sunday.The monthly business survey index for the upcoming month came in at 82.7, the lowest point in more than three years since March 2009, when the figure stood at 76.1 amid the global financial crisis, according to the survey by the Federation of Korean Industries, the lobbying group for the country’s large busines
July 29, 2012
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SKT expands VoLTE coverage to west islands
BAENGNYEONGDO, Incheon ― SK Telecom announced Friday that it has expanded its domestic VoLTE, HD Voice service, to the West Sea islands of Korea, in the latest move by the telecommunications provider to broaden its service network for customers. The company held a successful trial run of the service on Baengnyeongdo, located about 380 km west of Seoul on Friday. According to a company official, the area has traditionally been isolated and has received spotty reception compared to other regions,
TechnologyJuly 29, 2012
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Shares look to ECB, Fed this week
Korean stocks are likely to be affected by European and U.S. policy measures next week as investors keep tabs on the European Central Bank and the U.S. Federal Reserve amid lingering worries over economic uncertainties, analysts said Saturday.The benchmark Korea Composite Stock Price Index rose 0.34 percent from a week earlier to end at 1,829.16 last week, with the market sinking to the 1,760 level at one point.On Wednesday, the main index slumped to an yearly low of 1,769.31 as concerns over Sp
July 29, 2012
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LG Electronics to release Optimus Vu in Japan
LG Electronics said Sunday that it will roll out its smartphone Optimus Vu in Japan on Aug. 3, the first overseas launch for the flagship phoneThe company said that the smartphone, which will be serviced by NTT Docomo, has been taking pre-orders since Saturday. The gadget, which features a 5-inch display, will be the third LTE handset to be unveiled in Japan.The firm also said it will sell 15,000 limited units which have the image of Hirohiko Araki’s popular comic “JoJo’s Bizarre Adventure” on t
IndustryJuly 29, 2012
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Eased casino rules spark investment worries
Lawmakers and gambling industry members have raised concerns over a government plan to lower entry barriers for foreign investors into the local casino business. The Ministry of Knowledge Economy on July 23 announced a revision to a law on business within the nation’s free trade zones, which aims to boost the inflow of overseas capital into the local gambling industry. Thus far, foreign investors who want to operate a casino here have been required to invest $300 million and undergo evaluation f
IndustryJuly 29, 2012