Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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Seoul shares open higher on upbeat U.S. data
South Korean stocks got off to a strong start Thursday, tracking overnight gains in U.S. markets buoyed by improved economic data, analysts said.The Korea Composite Stock Price Index (KOSPI) rose 3.46 points, or 0.19 percent to 1,821.11 in the first 15 minutes of trading.Shares gathered ground across the board, with memory chipmaker SK hynix and leading carmaker Hyundai Motor rising nearly 1 perce
June 28, 2012
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S. Korea's current account surplus hits 6-month high in May
South Korea's current account surplus hit a six-month high in May due mainly to a fall in dividend payouts to foreign investors, the central bank said Thursday.The current account surplus reached $3.61 billion in May, up from a revised $1.73 billion the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.The May data marked the la
June 28, 2012
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Hyundai Motor sells 310,000 units in China
HONG KONG (Yonhap News) ― Hyundai Motor Co. sold more than 310,000 vehicles in China in the first five months of this year, a market researcher said Wednesday, indicating Korea’s largest automaker has managed to maintain growth in the world’s largest auto market. According to LMC Automotive, a global research firm for the automotive industry, Hyundai Motor sold 314,600 units in China during the January-May period, up 2 percent from a year earlier.In May, Hyundai Motor sold 62,350 units, compared
TechnologyJune 27, 2012
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OLED to overtake plasma, cathode ray tubes in TVs
Organic light-emitting diode television, the next emerging display technology following liquid crystal display TVs, will soon replace plasma display panels and traditional cathode ray tube TVs in people’s living rooms, according to DisplaySearch.The global OLED TV market is forecast to grow 10-fold annually by 2014, and reach over 10 million sets in terms of annual sales by 2016, the global display research firm said.With Samsung Electronics and LG Electronics, two leading global TV giants, expe
TechnologyJune 27, 2012
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Renault to expand car lineup in Korea
A top Renault Group executive unveiled a plan to launch a new lineup of small crossover compact utility vehicles in its Korean unit despite shrinking sales here.“The market in Korea is changing, and the fragmentation of the market is increasing, therefore we have set to introduce by late 2013 a brand-new model which is going to be a small crossover that will strongly enhance the competitiveness after four years,” Renault Group chief operating officer Carlos Tavares said in a news conference in S
MobilityJune 27, 2012
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Hybrid car sales remain sluggish despite price cut
Hyundai Motor has continued to post lethargic sales of fuel-efficient cars including the Avante and Sonata hybrids.The automaker’s monthly sales of the Avante hybrid dropped to 118 units on average in May despite a price cut, while the average monthly figure stood at 175 units throughout 2011.Monthly sales of the Sonata hybrid have also fallen to 969 units, compared to the average figure of 1,027 units last year.Though Hyundai Motor has actively been promoting the hybrid models since the first h
IndustryJune 27, 2012
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Iran import ban may hit about 600 firms
Government maps out contingency plan to contain fallout from possible embargoAbout 600 Korean companies may face financial difficulties if Iran halts all Korean imports in protest of Seoul’s decision to ban Iranian oil following European Union sanctions, analysts said Wednesday.The Iranian Embassy to Seoul has said the country may stop Korean imports if Seoul imposes the import ban on Iranian oil.If Iran implements the ban, Korea’s small and mid-sized enterprises trading with the country could b
IndustryJune 27, 2012
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Shares flat on lingering eurozone woes
South Korean stocks closed marginally lower Wednesday as lingering concerns over the eurozone debt crisis kept investors reluctant to make risky bets, analysts said. The local currency rose against the U.S. dollar.The Korea Composite Stock Price Index edged down 0.15 points, or 0.01 percent, to finish at 1,817.66. Trading volume was moderate at 315.3 million shares worth 4.26 trillion won ($3.68 billion), with losers outpacing gainers 465 to 338.“There’s nothing from the ‘outside’ to invite inve
June 27, 2012
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LG Display union launches scholarship program
Union members of LG Display, Korea’s display-making giant, will reach out and support children of firefighters and police officers who died in the line of duty.LG Display’s union said Wednesday that it forged ties with the Korea National Council on Social Welfare to provide scholarship funds to those children living in Gyeonggi Province and North Gyeongsang Province.The union plans to give scholarships of 1 million won each annually to children in elementary, junior and high schools, and 2 milli
June 27, 2012
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Chances of Woori-KB merger in spotlight
Tie-up of two largest banks would require trimming staff to stay productive, analysts sayEyes are drawn to the likelihood of a merger between the nation’s two largest financial groups as their chiefs appear to be setting the mood by making favorable remarks. Market watchers, however, are skeptical about the productivity of the mega bank they would create.Woori Financial Group chairman Lee Pal-seung expressed once again his positive stance towards a merger with KB Financial Group.“We are open to
June 27, 2012
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Global PC sales may fall up to 10% in Q3: report
Global sales of personal computers may drop as much as 10 percent in the third quarter from a year earlier due to weakening demand, according to a Forbes report known in Seoul on Wednesday.PC sales could fall around 5-10 percent in the July-September period from the previous year as PC giants such as Dell and Hewlett-Packard continue to suffer softening demand, according to a recent Forbes report that cites Jefferies & Company Inc. analyst Peter Misek.Misek said China-based Huawei’s possible exp
TechnologyJune 27, 2012
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NCsoft holds Lineage 2-related art exhibition in Gyeonggi Province
NCsoft will hold an exhibition of its online game “Lineage 2” until Sept. 2 at the Gyeonggi Museum of Modern Art, the gaming company said Wednesday.Based on the story line written for its popular online game, collections such as photos, sculptures and videos related to the game will be displayed throughout the art gallery, according to NCsoft officials. The show has been named “Bartz Revolution” to commemorate the biggest event in the game’s history when an alliance called “Dragon Knights” took
TechnologyJune 27, 2012
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Samsung weighs legal options on U.S. Galaxy Tab ban
U.S. court blocks sales of Samsung’s flagship tablet PCSamsung Electronics said Wednesday that it will take legal action against a U.S. court’s decision to immediately block the U.S. sales of the firm’s flagship tablet PC Galaxy Tab 10.1, taking Apple’s side on patent infringement.“We regret the fact that our statement wasn’t accepted in this ruling but given that we already have a diverse product lineup, we’re confident that it will have a limited impact in our U.S. sales,” a Samsung spokespers
IndustryJune 27, 2012
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Cameras get smarter, sleeker in smart society
Samsung, Sony, Canon go after premium compact, smart camera marketsWith the country’s craze for smart gadgets like smartphones and tablet PCs, cameras are also getting smarter, sleeker and more stylish to attract wider attention.Camera makers such as Sony, Samsung Electronics and Canon are now going after the premium compact and mirrorless camera market with products that exceed the functionalities of those attached to handsets and wireless devices.The camera industry can be split into three cat
TechnologyJune 27, 2012
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Samsung, LG's key display technologies leaked by Israeli firm
Key technologies to manufacture advanced flat-panel displays at Samsung Mobile Display and LG Display have been leaked by an local unit of an Israeli company, local prosecutors said Wednesday, raising concerns the leakage could pose a major threat to the national interest.The Seoul Central District Prosecutors' Office indicted under physical detention three employees at the local unit of an Israel
TechnologyJune 27, 2012
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Meteor metal among solar system's oldest
(123rf)U.S. scientists say they've discovered a new primitive mineral in a meteorite that they believe to be among the oldest minerals formed in the solar system.Researchers from the California Institute of Technology studying a meteorite that fell in Mexico more than 40 years ago report they discovered the new mineral, dubbed panguite, embedded in the space rock.The mineral, a titanium oxide, i
TechnologyJune 27, 2012
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Seoul shares inch down on lingering eurozone woes
South Korean stocks closed marginally lower Wednesday as lingering concerns over the eurozone debt crisis kept investors reluctant to make risky bets, analysts said. The local currency rose against the U.S. dollar.The Korea Composite Stock Price Index (KOSPI) edged down 0.15 points, or 0.01 percent, to finish at 1,817.66. Trading volume was moderate at 315.3 million shares worth 4.26 trillion won
June 27, 2012
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Sony introduces new color for PlayStation Vita
Sony Computer Entertainment Korea will unveil on Thursday a white version of the PlayStation Vita. The Wi-Fi-enabled game console will be coated in Crystal White, the first color variation for the gadget from the original piano black. PS Vita is designed to help users experience “a portable entertainment world” in their daily life with a 5-inch OLED touch-sensitive screen, dual analog stick and sophisticated motion sensors.To celebrate the launch, Sony will give away a white accessory pack which
TechnologyJune 27, 2012
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Apple wins preliminary injunction against Samsung tablet
Apple Inc. won a court order immediately blocking U.S. sales of Samsung Electronics Co.’s Galaxy Tab 10.1 tablet computer while the companies litigate Apple’s patent-infringement claims. U.S. District Judge Lucy Koh in San Jose, California, issued the order today after rejecting a similar request in December. Apple’s request, part of a broader patent dispute over smartphones and tablets, was based on an appeals court finding that it will probably win its patent-infringement claim relating to the
TechnologyJune 27, 2012
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Mexico doctors remove child’s 33-pound tumor
Mexican doctors say they have successfully removed a 33-pound (15-kilogram) benign tumor from the body of a 2-year-old child.Dr. Gustavo Hernandez says the tumor was heavier than the child who at the time of the June 14 surgery weighed 26 pounds (12 kilograms).Hernandez said Tuesday the child from the northern state of Durango was born with a lump that eventually covered the right side of his body from his armpit to his hip.Hernandez says it took doctors at the La Raza Medical Center in Mexico C
TechnologyJune 27, 2012