Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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KT launches new mobile plans for foreign residents
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Local firms’ overseas direct investment jumps in Q1
South Korean companies’ overseas direct investment soared 18.7 percent on-year to $10.98 billion in the first quarter of this year as firms beefed up their operations abroad, the government said Wednesday.The total is the fifth-largest quarterly overseas direct investment since such data tracking began in 1980, the Ministry of Strategy and Finance said. A record $18.09 billion was recorded in the second quarter of last year.“There has generally been a steady rise in overseas direct investment in
May 17, 2012
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SK Telecom raises $318m in Swiss franc-denominated bonds
SK Telecom, Korea’s largest mobile carrier, has successfully raised funds in the Swiss bond market, despite Europe’s economic woes.The company said that it issued Swiss franc-denominated bonds worth CHF 300 million ($318 million), with an annual interest rate of 1.75 percent at a maturity of 5 years.The fund-raising was part of plans to seek low-cost capital sources and repay its debt, it said. The company’s outstanding debt stood at 11.6 trillion won at the end of 2011, according to financial s
May 17, 2012
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Eximbank issues $1.25b in Samurai bonds
Lender succeeds in selling yen-dominated bonds at low interest rates for second yearThe Export-Import Bank of Korea said Thursday it has issued Samurai bonds worth 100 billion yen ($1.25 billion), the largest amount ever to be issued by an Asian institution, despite instability in global financial markets.Samurai bonds are yen-denominated bonds issued in Tokyo by non-Japanese companies, and are subject to Japanese regulations. The maturities are two years for bonds worth 51.4 billion yen, three
May 17, 2012
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Samsung supplies 40% of handsets with Android, Gartner says
Samsung Electronics Co. sold more than 40 percent of all Android mobile phones in the first quarter as the South Korean manufacturer became the world’s largest handset maker, research company Gartner Inc. said. Global handset sales declined 2 percent to 419 million, dragged down by a drop in low-end handsets, Stamford, Connecticut-based Gartner said on Thursday in a report. Smartphone sales rose 45 percent, the researcher said. Samsung, which also makes screens and other hardware used in smartph
TechnologyMay 17, 2012
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U.S. economy picks up after early spring slump
WASHINGTON (AP) ― Maybe the U.S. economy’s strength this winter wasn’t just weather-related after all.Home construction is near a three-year high. And factory output has risen in three of the year’s first four months.The data released Wednesday suggest growth in the April-June quarter is off to a good start, helped by falling gas prices and solid hiring gains. Fears of a spring slump are easing.“It’s all very encouraging,” said Paul Ashworth, chief U.S. economist at Capital Economics. “Things lo
May 17, 2012
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Fed: Several members could support further easing
WASHINGTON (AP) ― Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.Minutes of the central bank’s April 24-25 meeting released Wednesday stated that “several members” thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough.The minutes did not spell out what circumstances would trigger further Fed efforts to lower interest rates to boost the economy. B
May 17, 2012
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Greek turmoil spreads pessimism across markets
NEW YORK (AP) ― The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil, and the euro all dropped to multi-month lows.Greece called a new round of elections for June 17 after coalition talks to form a government fell apart. The president said depositors were pulling hundreds of millions of euros out of banks, weakening the country’s strained financial system.The main cause for investor
May 17, 2012
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Lee Won-chang to head new KOBACO
Lee Won-chang, head of the Korea Broadcast Advertising Corp. or KOBACO, was named the new CEO of the soon-to-be-inaugurated organization that will succeed KOBACO.According to a revision approved by the National Assembly in February, the new KOBACO will be inaugurated on May 23. KOBACO’s executive board approved the appointment after evaluating and recommending candidates following an open call for the position, according to the Korea Communications Commission. The 69-year-old Lee is a graduate o
May 17, 2012
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Bicyclists are preparing for another season
DETROIT ― When Don and Darla Daley dine at restaurants near their Royal Oak, Michigan, home, they no longer drive their car.It’s the same with quick trips to the store or nearby Royal Oak Farmers Market. They hop on the bicycles they bought two years ago ― their favorite form of recreation and exercise.The Daleys are discovering what many people are getting to know. Bicycling is a great route to fun and fitness for people of all ages.In the two years since the Daleys purchased their bikes, Darla
TechnologyMay 17, 2012
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Seonam Hospital to provide free smoking cessation program
Seonam Hospital is holding a free clinic to help people quit smoking from May 24 through June 28. The program consists of nicotine-dependence measurement; free provision of nicotine patches, gum and candies; once-a-week face-to-face consultation; and regular educational sessions.After the program wraps up, the hospital plans to stay in touch with the patients through SMS messages for another six months to keep them focused on the goal. “Smoking is more than a habit. It is a disease. Seeking prof
TechnologyMay 17, 2012
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All hospitals to display patents’ rights on site
From August all medical institutions should post patients’ rights and responsibilities on a wall or on LED panels inside their main building, the Ministry of Health and Welfare said Tuesday. According to a relevant law revision that will come to effect from Aug. 2, rights and responsibilities should be exhibited on the walls of reception sections, emergency rooms and websites. The patients have the right to be treated, notified and decide their own treatments; to have their personal information
TechnologyMay 17, 2012
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Mechanism of delirium identified
A group of medical doctors here said they have identified the mechanism causing delirium, or sudden severe confusion and rapid changes in brain function that occur in physical or mental illness, a first internationally.According to professor Kim Jae-jin and his team at Gangnam Severance Hospital, one of the main mechanisms causing the mental disease is the incongruity of the basal ganglion of the cerebrum and the midbrain. Lack of congruity allows only one of them to operate actively to cause th
TechnologyMay 17, 2012
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Flesh-eating germ rare, especially for the healthy
ATLANTA (AP) ― Aimee Copeland, a Georgia grad student, is fighting for her life because of the flesh-eating bacteria that infected her after she gashed her leg in a river two weeks ago. One of her legs was amputated and her fingers will be too, her father says, because of the spreading infection.She has a rare condition, called necrotizing fasciitis, in which marauding bacteria run rampant through tissue. Affected areas sometimes have to be surgically removed to save the patient’s life.● How oft
TechnologyMay 17, 2012
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Watch out for preeclampsia during pregnancy
In the year of the black dragon many people are planning to have babies with “good fortune.”However, pregnancy takes caution as well as enthusiasm. One thing expectant mothers should bear in mind ― especially those older than 35 ― is preeclampsia. Preeclampsia is when a pregnant woman develops high blood pressure and protein in the urine after the 20th week, which is in the middle of the second trimester of pregnancy.The U.S. National Institute of Health says the main symptoms of preeclampsia ar
TechnologyMay 17, 2012
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LG Display receives recognition for W-OLED technology
Executive of OLED Development Group gets bronze medal for technologyLG Display’s technology for making large organic light-emitting diode displays has been recognized ahead of Invention Day with one of its executives scheduled to win the bronze medal on Friday.The Korea Invention Promotion Association will give the industrial bronze medal to LG Display’s senior vice president Ahn Byung-chul of the OLED Development Group for coming up with the firm’s proprietary White-OLED technology for 55-inch
IndustryMay 17, 2012
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Business calls for stricter regulation of troubled savings banks: survey
Most businessmen and economic experts demand that regulations on insolvent savings banks’ restructuring be made stricter, according to a survey released by the Korea Chamber of Commerce and Industry on Thursday.In the poll of about 150 businessmen and analysts, 47.1 percent of the respondents said that previous regulations failed to prevent the savings banks’ risky management. About 34 percent demanded more measures to aid victims. Such sentiments come after Solomon, Mirae II, Hanju and Korea sa
May 17, 2012
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Shares gain on technical rebound
South Korean stocks gained 0.26 percent Thursday on a modest technical rebound from the previous session’s tumble triggered by mounting Greek and eurozone woes, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index picked up 4.71 points to 1,845.24, after falling for six straight sessions. Trading volume was light at 434 million shares worth 5.58 trillion won ($4.78 billion), with gainers outpacing losers 449 to 382.“The bourse recovered b
May 17, 2012
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Korea unveils new high-speed train
Traveling time from Seoul to Busan to be cut to one-and-a-half hours by 2015CHANGWON, South Gyeongsang Province ― Korea’s new high-speed train HEMU-430X showed its long, navy nose to the public for the first time in this southeastern city of Changwon on Wednesday. The faster and bigger successor to the KTX-Sancheon is the nation’s second bullet train developed with local technologies and its production has been carried out in the city by Hyundai Rotem, the train maker. The HEMU, short for High-s
IndustryMay 17, 2012
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Facebook contributes to rise of ‘dumb’ crimes
Recent Facebook-related crimes are exposing a number of less-than-intelligent criminals who use the social networking service.Such was the case of two men in Colombia who recently robbed an Internet cafe. They waited until the time was ripe, held the owner at gunpoint, took the cash and made a clean getaway on a motorcycle.They did everything right except for one thing; forgetting to log out of a Facebook account that had detailed information about one of the culprits, allowing police to simply
TechnologyMay 17, 2012
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Video shows massive cat enjoying good vacuum
An online video clip on Thursday showed a massive cat letting his owner give him a vacuuming.Normally, cats hate the loud sound of a vacuum cleaner and hide under the couch once the vacuum starts up.However, the YouTube video showed that the cat lying on the floor even rolls over onto his back to let the owner give him a thorough vacuuming. One comment said the cat would have run away if it had no
TechnologyMay 17, 2012