Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
[Weekender] How DDP emerged as an icon of Seoul
-
6
Rapper jailed after public street fight with another rapper
-
7
Woman gets suspended term for injuring boyfriend with knife
-
8
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
9
[KH Explains] No more 'Michael' at Kakao Games
-
10
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
Electricity consumption hits record highs: KPX
The state-run supervisor of electricity supply and consumption warned on Wednesday that power consumption nationwide has been hitting new records in the past couple of days, mostly due to the scorching summer heat. The Korea Power Exchange reported on Wednesday that the maximum consumption rate hit 73.3 million kilowatts between 2 p.m. and 3 p.m., slightly higher than the day before. Between these hours, the average temperature nationwide reached 33 degrees Celsius, or 91.4 Fahrenheit. According
July 25, 2012
-
International air passenger traffic jumps 14.6% in H1
Korea’s international air passenger traffic jumped 14.6 percent on-year in the first half due to a sharp rise in foreign visitors and more Koreans traveling abroad, the government said Wednesday.The number of international air passengers came to 22.87 million, the highest number ever for the six-month period, according to the Ministry of Land, Transport and Maritime Affairs.The previous first-half record was reached in January-June of last year, when numbers hit 19.95 million.The ministry said c
July 25, 2012
-
Samsung becomes sole DDR3 provider for supercomputer center
Samsung Electronics said Wednesday that it has become the sole supplier of low-power memory interface technology for the Leibniz Supercomputing Center, which hosts the powerful supercomputer in Europe.The company said that it has won the order to produce 30 nano-class, 4-gigabyte green double data rate type-three synchronous dynamic random access memory (DDR3 SDRAM) modules, applying the green memory in advanced computing systems.The DDR3, also known as synchronous DRAM, is the new generation of
IndustryJuly 25, 2012
-
Korea aims to export method for four-river project to Thailand
Government-led consortium will join race to participate in Thailand’s water management projectA government-led consortium plans to jump into an international bidding war to participate in a large-scale water management project in Thailand, which Seoul officials say could become the first case of exporting Korea’s own four-river restoration project. The Ministry of Land, Transportation and Maritime Affairs said Wednesday the consortium, named “Dream Team,” will join the first-round bidding to par
IndustryJuly 25, 2012
-
Consumer group prepares class action suit over rate fixing
A Korean consumer advocacy group said Wednesday that it is preparing for a class action suit against banks’ alleged collusion to rig key money-market rates, as suspected rate fixing is presumed to add to households’ debt burden.The Fair Trade Commission, the country’s anti-trust watchdog, last week launched an investigation into major local banks and brokerage houses over their suspected involvement in rigging rates on the 91-day certificate of deposit, or the benchmark for bank lending rates.Th
July 25, 2012
-
Tax agency, hotels team up to promote traditional liquor
The National Tax Service said on Wednesday it has teamed up with five-star hotels across the country to boost sales of traditional liquor such as makgeolli.Sixty-eight hotels agreed to sell traditional liquor in their Japanese and Chinese restaurants as well as Korean restaurants, in addition to providing storytelling booklets on the history of traditional liquors, regions where they are produced and how they are made. Forty-two hotels in Seoul, Busan and Jeju started traditional liquor sales on
IndustryJuly 25, 2012
-
Consumer sentiment hits 5-month low in July
Korean consumers’ confidence fell to a five-month low in July as the economic outlook became bleaker due to the eurozone debt crisis, the central bank said Wednesday.The consumer sentiment index ― a gauge of consumers’ overall economic outlook, living conditions and future spending ― came in at 100 for July, down from 101 tallied in the previous month, according to a survey by the Bank of Korea.The July data marked the lowest level since the index reached an identical 100 in February, the bank s
July 25, 2012
-
KB Financial decides not to bid for Woori
Woori sale hangs in air as strong potential bidder backs outThe sale of Woori Finance Holdings hangs in the air once again as KB Financial Group decided not to make a bid, two days ahead of the deadline for preliminary bidding. Board directors of the nation’s largest financial group concluded in a meeting on Wednesday that they will not take part in the preliminary bidding for Woori Finance.Ten board directors including KB Financial chairman Euh Yoon-dae, KB Kookmin Bank chief executive Min Byon
July 25, 2012
-
Samsung to provide ‘smart hotel’ service via Galaxy S3 for Olympics
Samsung Electronics announced on Wednesday that vacationers will be able to use the company’s Galaxy S3 mobile phone to access “smart hotel” services during the 2012 London Olympics. The company said that it has teamed up with multinational hotel chain Holiday Inn to provide services for vacationers at the chain’s London-Stratford location. Those with a Galaxy S3 will be able to use the device to access the hotel’s services, such as operating the TV, lighting and air-conditioning units in their
TechnologyJuly 25, 2012
-
Samsung to sell smartphone for direct consumer purchase
Samsung Electronics Co. said Wednesday it plans to introduce the country’s first smartphone model that consumers can directly buy, opening the way for getting mobile devices outside of wireless operators.The Galaxy M Style model, which runs on the third-generation network, will hit local shelves on Thursday, according to the world’s largest smartphone maker.Consumers can directly purchase the smartphone and open accounts with two of the country’s three mobile carriers, SK Telecom Co. and KT Corp
TechnologyJuly 25, 2012
-
‘Mobile ads are the future’
Semantic Rep’s CEO says firm in talks with U.S. company for M&A, allianceFrom newspapers, television to the Internet, the birth of new media has introduced novel ways for advertisers to market brands and products over the years.The Internet, for instance, has offered new ad solutions such as Web banners and search advertising.The emergence of smart devices and Long Term Evolution is about to launch a new era of mobile video advertising that will offer a lot more interactivity with consumers than
TechnologyJuly 25, 2012
-
LG’s mobile unit posts 56.7b won loss in Q2
LG Electronics said Wednesday it posted 349 billion won ($302.95 million) in operating profit for the second quarter, down about 22 percent from the previous quarter.In a quarterly regulatory filing, the country’s electronics giant also said it recorded 12.85 trillion won in sales, which is an increase of 5.16 percent compared to the first quarter.The operating profit figure, however, was up more than 120 percent from the 158.23 billion won reached in the same period last year with its sales dow
IndustryJuly 25, 2012
-
Seoul shares fall 1.37 pct on Spain, Greece woes
South Korean stocks hit a yearly low on Wednesday as worries over debt-mired Spain and Greece further weighed on investor sentiment already dampened by a worsening global economy, analysts said. The local currency lost ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) retreated 24.62 points to 1,769.31, the lowest close for the year.Trading volume was moderate
July 25, 2012
-
France to request surveillance of EU-Korea free trade deal
France is to ask the European Union to put its Free Trade Agreement with South Korea under surveillance as part of a recovery plan for its auto sector, according to elements of the plan obtained by AFP.The plan, to be presented to cabinet Wednesday, will also boost purchasing bonuses for buying environmentally friendly cars and see the government committing to 25 percent of its new vehicles being
July 25, 2012
-
Apple‘s ‘Mountain Lion’ has been released
Apple's new mac OS X 'Mountain Lion' has been released on Wednesday.When Apple releases its quarterly earnings report at the end of the business day Tuesday, Mac users can also anticipate the official release of the upgraded operating system, dubbed Mountain Lion.“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Apple CEO Tim Cook. “We’ve also just updated the entire MacBook line, will release Mountain Lion on Wednesday and will be launching iOS 6 this Fall. We are
TechnologyJuly 25, 2012
-
How not sleeping affects your body
Even men in excellent health have their attention and working memory decreased along with an increase in stress hormones when not sleeping for a day, according to Samsung Medical Center’s psychiatry professor Hong Seung-bong’s team.Professor Hong’s team held a study on how sleep deprivation affects a person’s attention and working memory. The team forbade five healthy men to sleep for 24 hours, who had an average age of 25.3 with normal sleeping patterns. This experiment was put on the Journa
TechnologyJuly 25, 2012
-
High-salt diet depletes body of calcium
Canadian researchers say people who eat high-salt diets tend to develop kidney stones and osteoporosis because when sodium leaves the body, so does calcium.Principal investigator Todd Alexander and his team at the University of Alberta discovered an important link between sodium and calcium -- they both appear to be regulated by the same molecule in the body.When sodium intake becomes too high, th
TechnologyJuly 25, 2012
-
BOK sees weakening growth momentum of Korean economy
South Korea’s central bank said Wednesday that the recovery pace of the local economy is weakening as exports are losing steam, hit by the eurozone debt crisis and China’s slowing growth.The Bank of Korea (BOK) delivered a surprise rate cut to 3 percent on July 12, underscoring its urgency to shield the local economy from bitter impacts of the eurozone debt problems. Market players bet on an addit
July 25, 2012
-
Seoul shares open sharply lower on eurozone fear
South Korean stocks began sharply lower Wednesday, as signs of a worsening debt crisis in Spain and Greece unnerved investor sentiment, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 28.60 points, or 1.59 percent to 1,765.33 in the first 15 minutes of trading.Shares lost ground across the board, with market bellwether Samsung Electronics slumping more than 2 percent and
July 25, 2012
-
Banks under fire for improper profits
Local banks are increasingly under public criticism for their alleged improper profiteering from loan interest rates. A 50-something living in Seoul vented anger, saying that she recently failed to reimburse her loan because the bank informed her anew that there are penalties when paying back in advance. “The bank offered a low interest rate when I first went to get a loan, but the rate got higher later even though I once changed it to a interest rate, seeing the economic situation worsening. Th
July 24, 2012