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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International airline traffic surges 22.6%
South Korea’s international air passenger traffic surged 22.6 percent in April from a year earlier due to a sharp rise in visitors from Japan and other countries, and more Koreans going abroad, the government said Monday.The number of international air passengers came to some 3.75 million last month, the highest number for the month of April, according to the Ministry of Land, Transport and Maritime Affairs.The previous record was reached in April 2011, when numbers hit 3.07 million.The ministry
May 28, 2012
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Korea to build world’s largest hydrogen-powered town
The Ministry of Knowledge Economy said Monday that it will launch the “Hydrogen Town Pilot Project” to establish futuristic energy infrastructure that uses waste hydrogen and hydrogen fuel cell technologies to meet the nation’s energy consumption needs.With a budget of 9 billion won ($7.6 million) coming from the government and industries, the project will create the world’s largest hydrogen-powered town in Korea, potentially by late this year when related facilities are completed as scheduled,
May 28, 2012
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EUCCK to meet on nuclear power plant
The European Chamber of Commerce in Korea, or EUCCK, will hold an executives’ round table meeting in Seoul on June 7.It will be held at the EUCCK headquarters, located in Euljiro 4-ga, Jung-gu.Seoul Metropolitan City’s Chief of the Climate Environment Department, Lim Ok-ki, will discuss the possibility of turning off a nuclear power plant in the city.For more information, please visit www.eucck.org.
May 28, 2012
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FKCCI to host Caf du Commerce
The French Korean Chamber of Commerce and Industry, or FKCCI, will hold an informal networking session on June 7.As part of its Cafe du Commerce series, the event will take place at the Novotel Ambassador Gangnam from 6:30 p.m. to 8:45 p.m.Guests can enjoy a French-style buffet featuring regional as well as traditional dishes. Wine will also be offered. The event costs 26,000 won. For more information, call (02) 531-6868 or e-mail novogfbcoord@ambatel.com.
May 28, 2012
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Business Start-up School invites expats
The Seoul Global Center is inviting future entrepreneurs to the second session of its Business Start-up School for this year, officials said.The program provides expats in Seoul with the necessary information to set up and run a business successfully as well as a chance to network with other expats and local professionals, the officials said.The Business Start-up School is a tuition-free program run by the Seoul Metropolitan Government.The program will last for 10 days starting June 25 at the Se
May 28, 2012
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Tax seminar for foreign businesses at COEX
The Seoul Global Business Support Center will hold a tax seminar on Tuesday for foreign businesses operating in Korea, organizers said.The seminar will run from 6:30-9p.m. at a COEX conference room on the third floor in southern Seoul. Tax experts Bae Jin-ho and Lee Young-mi will speak about how to operate a business in Korea and make it successful, according to the organizers.After the speech, a question-and-answer session and networking time will be given to participants.
May 28, 2012
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AMCHAM members hold campaigns to benefit underprivileged
Members of the American Chamber of Commerce in Korea, or AMCHAM Korea, held more than 19 corporate social responsibility events or activities during the first quarter of 2012. The events help companies give back to the local community, and the chamber says in its official publication that it is a cornerstone of AMCHAM membership. Many of the programs helped benefit local students or the underprivileged. PPG Industries Korea offered scholarships for eight female Korean students majoring in chemis
May 28, 2012
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AMCHAM to hold 8th CEO Servers’ Night
The American Chamber of Commerce in Korea will host a charity event that emphasizes fun on June 5. Called “The 8th AMCHAM CEO Servers’ Night,” the event will take place at the Banyan Tree Club & Spa Seoul, located in Jangchung-dong, central Seoul. During the event, business executives will dress up as waiters and serve a four-course dinner to their clients, employees and family members. Participating CEOs will be required to attend an afternoon training session that will be held on the same day.
May 28, 2012
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Vector Korea chief seeks harmony between corporate cultures
One year after getting permanent residency, Geyer reflects on Korean business worldGerman-born business executive Thomas Geyer is a big fish in a small, exclusive pond.According to the 43-year-old president of Vector Korea IT Inc., one of the perks enjoyed by foreign executives in the Land of the Morning Calm is the exposure to movers and shakers in the Korean political and business circles.“I meet people I would never have met in Germany. Assemblymen from Parliament, the Justice Ministry. … It’
May 28, 2012
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Quake reveals day when Jesus died
Scientists have deduced the exact day of Jesus’ death to be Friday, April 3, 33 A.D., based on earthquake activities of the time, Discovery News reported Thursday.To find out the precise point Jesus had passed away, an international team of geologists focused on a verse from the Gospel of Matthew, which describes the crucifixion of Jesus.“And when Jesus had cried out again in a loud voice, he gave up his spirit. At that moment the curtain of the temple was torn in two from top to bottom. The ear
TechnologyMay 28, 2012
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U.K. shop sells salt made from human tears
A London emporium has launched a type of cooking salt made from human tears, the Daily Mail reported. Customers can choose the salt product from a range of tears, including anger, sorrow, laughter, chopping onions or sneezing.According to the shop, Hoxton Street Monster Supplies, their salt “combines centuries-old craft with the freshest human tears which are gently boiled, released into shallow
IndustryMay 28, 2012
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New study uncovers gene linked to sperm development
Scientists have discovered a gene that is critical to sperm development, good news both for people who want children and those who do not, Science Daily reported ThursdayAccording to a research by University of Edinburgh, a gene “Katnal1” is essential in enabling sperm to mature. Katnal1 helps formation of cells that provide nutrients to sperm.Researchers are hoping that by manipulating the gene, they can help sperm mature, or block the development process. A stand-out benefit of a contraceptive
TechnologyMay 28, 2012
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Number of Expo visitors growing steadily
More than 100,000 people visited the World Expo under way in South Korea’s Yeosu on Sunday for the first time since the event opened about two weeks ago, the organizing committee said.A three-day holiday through Buddha’s Birthday Monday is believed to have led to the rise.The 93-day event is the first Paris-based Bureau of International Exhibitions approved event hosted by South Korea since the 1993 Daejeon Expo.The increase was helped by Hyundai Motor Group, the world’s fifth largest automotive
IndustryMay 27, 2012
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Mando completes construction of Brazilian plant
Mando Corp., one of South Korea’s leading auto parts manufacturers, said Friday that it completed construction of a plant in Brazil that will allow it to make inroads into the South American market.It said the plant located in Limeira, in the eastern part of the Brazilian state of Sao Paulo, has been built on 55,000 square-meters of land and has a factory floor space of 13,000 square meters.The company said it invested $50 million into the plant, which will hire around 100 local employees and ma
IndustryMay 27, 2012
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KOTRA signs $200m export contract
Freezer manufacturer KEPCM said it has signed a large-scale export sales contract with a Chinese energy corporation, paving the way for a deal worth an estimated $200 million during the next five years.Called the “Green IT System Building Project,” the contract between KEPCM and a Chinese energy management corporation in Wuhan was signed at the KOTRA-organized Global Smart SOC Initiatives 2012, which took place at the Imperial Palace Seoul on May 24 and 25. Under the deal, KEPCM will work towar
IndustryMay 27, 2012
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GS E&C wins $500 million hospital order in Singapore
GS Engineering and Construction Corp. has became the sole company to sign a $500 million contact with Singapore Ministry of Health to build three additional hospital wards in the outskirts of Jurong, Singapore. The order is the company’s second and largest project in Singapore, following its construction project for Fusionopolis, a research and development complex, in 2011. The country’s leading construction company said that the expected construction period is 32 months. Slated to open in early
IndustryMay 27, 2012
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Eximbank seeks to change name to meet expanded role
The Export-Import Bank of Korea is set to have a bill submitted to the 19th National Assembly, scheduled to open this Wednesday, to change its name to reflect its expanded role beyond export financing support. The state-run bank plans to rename itself the Korea Bank for International Cooperation to better represent its capacities as an investment bank, supporter of small-and medium-sized companies, manager of funds to support developing countries and supporter of economic cooperation with North
May 27, 2012
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LG’s LTE smartphone sales top 3 million units
LG Electronics said Sunday that it sold more than 3 million LTE handsets worldwide.The company plans on rolling out more smartphones running on the fourth-generation Long Term Evolution networks in 20 different countries, including nations in the Middle East, up from the current 10.The electronics manufacturer has mainly targeted two different markets with its high-speed handsets ― North America and Korea. It also announced earlier this month that sales of the Optimus LTE had topped the 1 millio
IndustryMay 27, 2012
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Samsung, Apple to meet in U.S. court in July
Korean company files opposition to Apple’s new motion last FridaySamsung Electronics vice chairman Choi Gee-sung said little when he returned from patent negotiations with Apple CEO Tim Cook late Friday.“It’s difficult to discuss matters involving the patent dispute,” said Choi as he arrived at Gimpo International Airport at 11 p.m.“I’ve been ordered to keep completely silent about the negotiations because it is part of the ongoing court case. I’ll notify the details if there are any changes mad
IndustryMay 27, 2012
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Seoul on course for growth target: finance minister
South Korea’s growth target for 2012 remains achievable despite mounting downside risks triggered by persistent eurozone woes, the country’s top economic policymaker said Friday.In a press conference, Finance Minister Bahk Jae-wan said the developments taking place in the European Union pose greater challenges, but data indicates there may not be any need to change Seoul’s 3.7 percent growth forecast for this year.He stressed that the government is not considering artificial measures to bolster
May 27, 2012