Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Suspect in murder of girlfriend's mugshot, name made public
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PC DRAM price fall to curb SK Hynix earnings: report
HONG KONG (Yonhap News) ― SK Hynix Inc., the world’s second-largest memory chipmaker, will see its earnings restrained by weakening prices of dynamic random-access memory used in manufacturing PCs, a report said Thursday.Macquarie said in the report that it is downgrading its rating on SK hynix by one notch to “neutral” from “buy,” saying the company’s operating profit will be affected by the delayed recovery of the PC DRAM market. It also slashed its target price for the South Korean firm to 21
TechnologyJuly 19, 2012
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Listed firms cut dividend payouts on uncertainties
Korean listed firms sharply reduced their cash dividends paid out to their shareholders this year as growing economic uncertainties have led them to secure capital amid a dim earnings outlook, data showed Thursday. The combined interim cash dividends of six local listed firms that logged their dividend payouts in the regulatory filings stood at 118.4 billion won ($103.6 million) as of June 19, down 57.2 percent from 276.4 billion won a year ago, according to the data compiled by financial inform
July 19, 2012
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Korea’s growth could slow to 1 percent range: BOA
Korea’s economic growth rate could drop to the 1-percent range this year if worsening external market conditions make a dent in its exports, a report indicated Thursday.Bank of America Merrill Lynch forecast that Asia’s fourth-largest economy could expand 1.8 percent this year, according to the report compiled by the Korea Center for International Finance. This is much lower than the government’s estimate of 3.3 percent and the Bank of Korea’s 3 percent growth projections. The government and the
July 19, 2012
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Shares up 1.56 percent on U.S. recovery hope
Korean stocks closed 1.56 percent higher Thursday as signs of recovery in the U.S. housing market prompted investors to snap up shares following a sharp fall in the previous session, analysts said. The local currency climbed against the U.S. dollar.The benchmark Korea Composite Stock Price Index jumped 28.05 points to 1,822.96, rebounding from a 1.48 percent decline on Wednesday. Trading volume was moderate at 482.3 million shares worth 4.6 trillion won ($4 billion), with gainers outnumbering de
July 19, 2012
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Discount outlet, department store sales tumble
Sales at South Korea’s major discount outlets and department stores fell from a year earlier last month, the government said Thursday, apparently reflecting worsening consumer sentiment amid rising prices.Sales at the country’s three major discount outlet chains dropped 7.2 percent in June from the same period in 2011, according to the Ministry of Knowledge Economy. The outlet chains are Lotte Mart, E-Mart and Homeplus.June marked the third consecutive month combined sales of the three outlet ch
July 19, 2012
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ING labor union to go on strike
The labor union of ING Life Insurance announced on Wednesday it will go on a strike later this month as the company refused to guarantee its members’ job security. The labor union will start the strike between July 25 and 31, to last for an indefinite period. “We are going on a strike because the company lacked sincerity when negotiating about employment security and the issue of irregular workers. The company deliberately delayed discussions so there was no progress,” said Lee Gi-cheol, the uni
IndustryJuly 19, 2012
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KT to sell copper cables to focus on faster network operations
KT plans to sell its old copper cables that used to be the main telecommunication lines for telephones and the Internet in the 1990s.With the emergence of smarter devices and demand for faster data, copper cables have gradually been replaced by fiber-optic cables, which are lighter and transmit data faster with greater bandwidth.KT said Thursday that it will sell over 26,000 tons of copper cables via a public auction to waste and recycling companies by the end of August.With the proceeds from th
TechnologyJuly 19, 2012
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KCC establishes TV app innovation center
The Korea Communications Commission said Thursday that it has set up a center aimed at supporting developers to create applications for smart TVs.The country’s communications watchdog established the support center in southern Seoul with leading tech and content companies such as Samsung Electronics, LG Electronics and CJ HelloVision.The KCC said the center aims to support and encourage college students, venture tech start-ups and small and medium-sized enterprises to develop world-class apps fo
TechnologyJuly 19, 2012
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Three of eight pro baseball teams turn profits in 2011: reports
Fewer than half of baseball teams in the nation’s top competition turned a profit last year, reports showed Thursday, despite the sport’s recent run of massive popularity.According to reports by the Financial Supervisory Service and the Ministry of Culture, Sports and Tourism, three of the eight clubs in the Korea Baseball Organization made profits in the fiscal year 2011. The Lotte Giants made 3.7 billion won ($3.2 million), followed by the Doosan Bears with 2.3 billion won and the Samsung Lion
July 19, 2012
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Farm clusters group aims at agriculturally-advanced Korea
Lee takes over helm of agency supporting marketing for nearly 70 farm clustersLee Kyung-soo, president of the National Agro Food and Beverage Cluster Association, stressed that a real change in the local agricultural industry should start from a brand new mindset among CEOs at individual project clusters nationwide. “CEOs’ mindsets are very important. If cluster CEOs make changes, our farming and fishing villages would change, transforming Korea into an advanced agricultural country,” Lee said i
IndustryJuly 19, 2012
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SK holds forum to mark China ties
SK Group’s academic institute opened a two-day forum in Seoul to mark the 20th anniversary of diplomatic relations between Korea and China.The Korea Foundation for Advanced Studies, a private non-profit educational organization founded by the conglomerate, organized the forum titled “International Academic Symposium in Commemoration of the Korea-China 20th Diplomatic Anniversary.” About 42 prominent Chinese scholars with at least a one-year stay in Korea since 2000 attended the academic conventi
July 19, 2012
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Ewha identifies new rare hereditary disease
A group Korean doctors have identified a new hereditary disease, which has been acknowledged by international academia.Dr. Choi Byoung-ok of Ewha Womans University and others on Wednesday said that the rare breed of a hereditary illness they found for the first time in the world in 2011 was named “Peripheral Neuropathy, Myopathy, Hoarseness and Hearing Loss” by the U.S. National Institute of Healt
TechnologyJuly 19, 2012
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Man’s battle with eating disorder sheds light, breaks stereotypes
CHICAGO ― Rob hated to run. But he hated to stop even more.That’s when his disparaging inner voice, the one that had belittled him since seventh grade, would emerge. If he didn’t keep going, it said, he was going to get fat. He would never have the shredded abs that taunted him from every fitness magazine. He would be just a regular guy ― not the superman he felt driven to become.So on he ran. And when even six hours a day of exercise weren’t enough to quiet the voice, he started skipping meals,
TechnologyJuly 19, 2012
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Rainy season and skin problems
Many patients complain of skin problems during the warm and humid rainy seasons. During this season, the skin is more vulnerable to infection due to heat and humidity, which is ideal for the growth of microorganisms.The warmth and the humidity allow the rapid growth of fungi and bacteria, which are why some skin conditions are more prevalent during the rainy season. We will now look into some common skin conditions which can develop during the rainy season.Athlete’s footAthlete’s foot is common
TechnologyJuly 19, 2012
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Highly anticipated weight-loss pill wins approval
WASHINGTON (AP) ― A new weight-loss pill that many doctors consider the most effective of a new generation of anti-obesity drugs got the approval of the Food and Drug Administration on Tuesday.The pill, called Qsymia, was approved for patients who are overweight or obese and also have at least one weight-related condition such as high blood pressure, diabetes or high cholesterol.The drug offers hope for those who have failed to lose weight in other ways, but its path to approval also underscores
TechnologyJuly 19, 2012
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Things you might want to know about sepsis
How much do you know about sepsis?Probably not many Koreans are aware of the illness since the government has designated sepsis vaccination as mandatory. The threat and fear of sepsis is very low here. Still, there is always a chance of contracting the disease as improper wound or injury management can easily lead to it. Dr. Ron Daniels, a specialist physician at Critical Care and Anaesthesia and CEO of the Global Sepsis Alliance, shared some information about sepsis in his written interview wit
TechnologyJuly 19, 2012
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‘Economy’ of on-line game resembles real-life
Malicious rumors have caused the cost of materials to skyrocket and momentarily frozen the markets. Some materials are 100 times more expensive than they were a few months ago.This is not happening in Zimbabwe, where hyperinflation has run rampant, but in popular online games in Korea.Real-money trading in South Korea took off in the late 1990s with online game Lineage. Ten years later, the practice is firmly set among Korean gamers.The phenomenon is particularly noticeable in Blizzard Entertain
TechnologyJuly 19, 2012
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Exoplanet smaller than Earth discovered
Astronomers say a planet two-thirds the size of Earth and 33 light-years away may be the nearest world to our solar system smaller than our home planet.Only a handful of exoplanets smaller than Earth have been found beyond the sun so far, astronomers said, and UCF-1.01 is the first ever identified with the Spitzer space telescope -- pointing to a possible role for the orbiting astronomy platform in helping discover potentially habitable, terrestrial-sized worlds -- NASA‘s Jet Propulsion Laborato
TechnologyJuly 19, 2012
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Rare stellar magnetic ‘monster’ discovered
A fleet of X-ray telescopes in space has identified a rare breed of dead, spinning star that may be a pulsar or a magnetar, European astronomers say.Magnetars are a type of neutron star, the dead cores of massive stars that collapse in on themselves after burning up all their fuel and explode as dramatic supernovas, showing persistent X-ray emissions and the most intense magnetic fields known in t
TechnologyJuly 19, 2012
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Microsoft: Windows 8 will go on sale Oct. 26
Microsoft says Windows 8 will go on sale Oct. 26. The upgrade to its operating system is designed to work better with touch screens and on tablet computers.Microsoft announced the date in a blog post and at its annual sales meeting Wednesday. The software company had said earlier that Windows 8 would go on sale in October.Microsoft is releasing the software as a downloadable upgrade that day for P
TechnologyJuly 19, 2012