Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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KITA chairman wins Van Fleet Award
Korea International Trade Association said on Monday that its chairman and former Prime Minister Han Duck-soo has won the Van Fleet Award 2012 in New York. The Korea Society, an American non-profit organization to promote understanding and cooperation between Korea and the U.S., said that it chose Han for his contribution to strengthening economic ties and friendship between the two nations. The award is named after General James A. Van Fleet, commander of the U.S. Eighth Army during the 1950-1
June 4, 2012
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After gory incidents, online 'zombie' talk grows
First came Miami: the case of a naked man eating most of another man's face. Then Maryland, a college student telling police he killed a man, then ate his heart and part of his brain.It was different in New Jersey, where a man stabbed himself 50 times and threw bits of his own intestines at police. They pepper-sprayed him, but he was not easily subdued.He was, people started saying, acting like a
TechnologyJune 4, 2012
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Seoul shares tumble 2.8 % on eurozone woes, weak U.S. data
South Korean stocks plunged 2.8 percent Monday on persistent eurozone woes and disappointing U.S. economic data, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI nose-dived 51.38 points, to 1,783.13, marking the fourth straight session of decline. Trading volume was light at 369 million shares worth 4.85 trillion won ($4.10 billion), with losers clearly outpacing
June 4, 2012
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‘Mad’ scientists find out why geniuses ‘go mad’
From the movie “A Beautiful Mind” to television drama “House M.D.,” the notion of the psychotic genius has always been popular to public audiences. However, scientists with a history of various mental conditions themselves have suggested that there is an actual correlation between being mentally ill and being smart, according to an article on the website Livescience.In the report, a group of panelists at the annual World Science Festival in New York on Thursday said that a previous study in 2010
TechnologyJune 4, 2012
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Korea’s foreign reserves shrink $6b in May
South Korea’s foreign exchange reserves shrank in May from a record high reached in the previous month as a weaker euro and a softer British pound reduced the conversion value of non-dollar assets, the central bank said Monday.The country’s foreign reserves reached $310.87 billion at the end of last month, down $5.97 billion from April, according to the Bank of Korea. In April, the country’s foreign reserves reached an all-time-high of $316.84 billion.Asia’s fourth-largest economy first saw its
June 4, 2012
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Foreign IT companies pay highest
Among a total 7.54 million tax payers in South Korea, 8.3 percent earned over 80 million won (about $73,000) per year and most of them work at local conglomerates or foreign companies, according to Payopen (www.payopen.co.kr), an annual salary website. According to the website’s analysis of a report on the 2011 national tax statistics released by the National Tax Service, the average annual income of high-paid workers was 119 million won. Among foreign companies, those in the finance, electrics,
June 4, 2012
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Daily dark chocolate lowers heart risk
(MCT)Dark chocolate lowers blood pressure and cholesterol, making it a cheap and tasty way to lower cardiovascular disease risk, Australian researchers say.Professor Christopher Reid, Dr. Alice Owen, Dr. Dianna Magliano and Ella Zomer, a doctoral student at Monash University, and Danny Liew of the University of Melbourne predicted daily dark chocolate consumption could prevent 70 non-fatal and 15
TechnologyJune 4, 2012
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Seoul shares open lower on weak U.S., Chinese data
South Korean stocks fell sharply Monday, following last week's disappointing economic data from the United States and China, analysts said.The benchmark KOSPI dropped 2.60 percent, or 47.63 points, to 1,786.88 in the first 15 minutes of trading.Market bellwether Samsung Electronics dived 2.84 percent, with top automaker Hyundai Motor also plunging 2.52 percent.The local currency was trading at 1,1
June 4, 2012
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Government to use public funds to spur economy: finance minister
South Korea plans to use various state-run funds to help stimulate its economy that has been affected by the general global slowdown this year, a top economic policymaker has said.In a meeting with reporters over the weekend, Minister of Strategy and Finance Bahk Jae-wan said the country has made headway toward economic stability in the past year, but there is a need to fuel vitality and growth.He
June 4, 2012
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Korea's foreign reserves shrink in May
South Korea's foreign exchange reserves shrank in May from a record high reached in the previous month as a weaker euro and a softer British pound reduced the conversion value of non-dollar assets, the central bank said Monday.The country's foreign reserves reached US$310.87 billion at the end of last month, down $5.97 billion from April, according to the Bank of Korea (BOK). In April, the country
June 4, 2012
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Korea’s third rocket launch attempt set for October
Despite two previous failures, Korea is gearing up to launch the country’s first rocket from its own territory in October, a top government official confirmed.Minister of Education, Science and Technology Lee Ju-ho said on Friday that the first stage of the KSLV-1 launch vehicle has been completed and will be delivered from Russia to Korea before the end of August. Lee made the comment after visiting Russia’s Khrunichev Space Center in Moscow, which designed and assembled the lower part of the s
TechnologyJune 3, 2012
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Going green pays off
The world needs a green transition. That is crucial to our children’s and grandchildren’s welfare and well-being. In 2030, the world will have 3 billion more middle-class consumers than today, which will put massive pressure on the Earth’s resources and place serious strain on the climate and environment. There is no way around a new growth strategy. We need a smart new growth strategy where we create jobs through commercial solutions to the Earth’s resource problems. Smart growth can only be cr
TechnologyJune 3, 2012
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Lock & Lock eyes 1,000 stores in China
HONG KONG (Yonhap News) ― South Korean plasticware maker Lock & Lock Co. aims to set up 1,000 franchise stores in China by 2015 as it continues to expand in the world’s No. 2 economy, company officials said Friday.Lock & Lock plans to boost the number of its Chinese franchise stores by 50-fold in three years from the current 20, the officials said. The number is expected to reach 100 by the end of this year.Sales in China have recently made up 45 percent of the South Korean firm’s total revenue.
June 3, 2012
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Visitors to Yeosu Expo top 1 million
YEOSU (Yonhap News) ― More than 1 million people have so far flocked to the World Expo in South Korea’s southern coastal city of Yeosu, organizers said Sunday.The Yeosu Expo has attracted 1.03 million people as of Saturday since the 93-day fair opened on May 12, the organizers said.If the current trend continues, the visitor turnout is expected to reach about 5 million, only about half of what South Korea had hoped to attract.The organizers hope that vacationers and school students will visit th
June 3, 2012
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Skyscrapers to replace U.S. base as office glut looms for Seoul
Seoul’s Yongsan area, for a century the site of Japanese and U.S. military bases, is set to be remade in a $26 billion project that will add office towers to a city where the vacancy rate is almost 10 percent. Construction of the development, the biggest in South Korea’s history, is slated to start in the first half of next year and be completed by the end of 2016. With a master design by Daniel Libeskind, the U.S. architect best known for the Jewish Museum in Berlin and New York’s One World Tra
June 3, 2012
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Language institutes for precollegiate students lead market
Foreign language institutes for precollegiate students have eclipsed those for adults in sales, as many of them franchised themselves, a report by a think tank affiliated with KB Financial Group showed.Revenue of foreign language hagwon for preschoolers, elementary, middle and high school students such as Cheongdahm Learning, JLS and Avalon, increased 22.4 percent on average annually from 137.5 billion won in 2006 to 378.6 billion won last year, according to the industry analysis.This contrasts
IndustryJune 3, 2012
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Hyundai Samho Heavy seeks lucrative offshore plant business
Hyundai Heavy Industries Group said Sunday that its subsidiary Hyundai Samho Heavy Industries has won an order to build a semi-submersible oil-drilling ship for Norway’s leading offshore drilling company Seadrill. The $570 million deal will pave the way for the company to enter the lucrative offshore plant business, said Hyundai Samho, the world’s fourth largest shipbuilder in terms of production capacity. The deal includes the entire process of engineering, procurement and construction of the d
IndustryJune 3, 2012
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Samsung releases multimedia laptop
Samsung Electronics, Korea’s biggest tech manufacturing firm, has released its all-new laptop computer line with high-performance multimedia applications, targeting young consumers.The laptop, named “Series 5 Boost,” in 15-inch and 17-inch display models, is embedded with the latest audio and video software and hardware, the company said on Sunday in a press release.It has audio speaker systems provided by the U.S.-based JBL, with subwoofers that can process low-pitched audio frequencies into hi
TechnologyJune 3, 2012
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Korea’s GDP by purchasing power tops $30,000, think tank says
South Korea is about to join the ranks of advanced countries in terms of gross domestic product based on purchasing power parity, a local think tank said Sunday in a report on Koreans’ actual living standards.The Hyundai Research Institute said that South Korea’s per capita GDP reached $22,778, the 34th largest in the world, in 2011, but its GDP by PPP per capita is estimated at $31,714, the world’s 25th highest.The wide gap between nominal and PPP-based GDP data apparently stems from below-aver
June 3, 2012
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LG Display to feature advanced tech in OLED, mobile panels in U.S.
LG Display will exhibit its technology prowess in OLED and mobile panels at the Society for Information Display conference, held at the Boston Convention and Exhibition Center from June 3-8 in the U.S. state of Massachusetts.The Korean display manufacturing giant said that it plans to showcase its 55-inch OLED panel, developed for the first time in the world, which it had originally considered too difficult to construct for large televisions.Using oxide-thin film transistor and four-color pixel
IndustryJune 3, 2012