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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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Coffee buzz: Study finds java drinkers live longer
One of life's simple pleasures just got a little sweeter. After years of waffling research on coffee and health, even some fear that java might raise the risk of heart disease, a big study finds the opposite: Coffee drinkers are a little more likely to live longer. Regular or decaf doesn't matter.The study of 400,000 people is the largest ever done on the issue, and the results should reassure an
TechnologyMay 17, 2012
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S. Korea's fundamentals remain strong despite Greek shock: official
South Korea's economic fundamentals remain strong despite global financial market uncertainty triggered by worries Greece will exit the eurozone, a government policymaker said Thursday. Vice Finance Minister Shin Je-yoon said in an economic review meeting that political turmoil in Greece following anti-austerity election results have fueled overall market woes and affected global stock markets
May 17, 2012
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Survey counts Earth-threatening asteroids
A NASA space telescope has completed the best assessment yet of our solar system's population of potentially hazardous asteroids, the space agency said.(MCT)Observations from the Wide-field Infrared Survey Explorer (WISE) have revealed new information about the total numbers, origins and the possible dangers the asteroids may pose, NASA reported Wednesday.Potentially hazardous asteroids, or PHAs,
TechnologyMay 17, 2012
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Patient moves robotic arm by thoughts
Robot arms used for surgery at the UM Hospital in Miami. Robot development is on the rise. (MCT)Two U.S. patients paralyzed by stroke learned to make reach-and-grasp movements with a robotic arm, guided by their thoughts, researchers say.The trial’s lead investigator, Dr. Leigh Hochberg -- an associate professor of engineering at Brown University in Providence, R.I., and a critical care neurologi
TechnologyMay 17, 2012
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iPhone with larger screen said imminent
Apple Inc. is getting ready to launch an iPhone with a larger screen than its previous models, The Wall Street Journal reported.The company has ordered screens measuring at least 4 inches diagonally from its Asian suppliers, the Journal reported Wednesday, calling its sources “people familiar with the situation.”The sixth-generation iPhone would be the first in Apple‘s phone line to have a screen
TechnologyMay 17, 2012
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KOGAS finds fourth deposit in Mozambique
The Korea Gas Corp. announced on Wednesday that it has detected a new deposit of natural gas off the coast in Mozambique for the fourth time. The gas company had previously discovered deposits of natural gas three times in Mozambique, in October 2011, February 2012 and March 2012. Now it has made its fourth discovery in the 12,956 square-kilometer basin area in Rovuna, northern Mozambique, the company said.Eni S.p.A. of Italy holds a 70 percent stake in the project. KOGAS, Portugal’s Galp Energi
May 16, 2012
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Hyundai Rotem signs $100m Ukraine train maintenance deal
Hyundai Rotem Co., a South Korean rolling stock manufacturer, said Wednesday it has reached a $100 million train maintenance service contract with Ukraine’s public railroad company.The deal with Ukraine Railway Speed Company, the operator of state-run Ukrainian Railways, calls for maintenance and repair work to be conducted on the 90 high speed inter-city trains built by Rotem for the country under an agreement sealed in late 2010. The electric-powered trains have a top speed of about 160 kilome
IndustryMay 16, 2012
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Warm weather lifts camping gear sales
Local retailers are seeing a sharp rise in sales of camping gear such as tents, outdoor table sets and cookware thanks to the five-day school weeks and the early arrival of summer.All primary and secondary schools across the nation adopted the five-day school week starting in March, allowing a greater number of families to go on weekend camping trips.With the temperatures hitting near 30 degrees Celsius, major retailers have already begun special sales promotions for camping equipment, which the
IndustryMay 16, 2012
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Hyosung chief calls for Korea-Japan FTA
Hyosung Group chairman Cho Suck-rai stressed that Korea and Japan should seek a comprehensive and high-level of bilateral trade liberalization.His remarks came during his keynote speech as the chief of the Korean delegation during the 44th annual gathering of Korea-Japan business leaders in Osaka, which kicked off Wednesday.“Like the members of the European Union, it would be better for us ― Asian countries ― to push for market integration,” Cho told participants. “For the success of the Asian m
IndustryMay 16, 2012
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GS chief eyes innovation as growth engine
GS Group chairman Huh Chang-soo stressed the importance of workplace innovation at a group forum Wednesday, describing it as the conglomerate’s future growth engine.Huh said innovative efforts outside the office would be the key to the group’s development in the future. The GS Value Creation Forum was organized by the group to share the success stories of innovation among workers and executives at its affiliates.Huh also stressed the importance of the group’s human resources, saying they were se
IndustryMay 16, 2012
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Exporters find FTA helpful: KCCI survey
The Korea Chamber of Commerce and Industry said Wednesday that free trade agreements benefit domestic companies that export products to the U.S. and Europe. From May 7-10, KCCI conducted a survey for 600 companies that export both to the U.S. market and the European market. The survey inquires whether these companies can actually benefit from the free trade agreements.According to the survey, 68 percent of the companies found Korea-EU FTA helpful, and 59 percent found Korea-U.S. FTA favorable to
May 16, 2012
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SK, Lotte vying for No. 1 in M&A market
Two powerful acquirers tender bids for both Hi-Mart, Woongjin CowaySK Group and Lotte Group are engaging in fierce competition to take over big enterprises in the mergers and acquisitions market.The groups’ units -- SK Networks and Lotte Shopping -- have submitted letters of intent for the bidding to take over Hi-Mart. They also tendered bids for Woongjin Coway.The participation of the nation’s third-largest and fifth-largest business groups in the two biddings is drawing wide attention in the m
IndustryMay 16, 2012
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Korea needs to boost economic vigor: minister
South Korea should seek to resuscitate its economic vitality and plot a policy of long-term sustainable growth to counter mounting global financial uncertainty, the top economic policymaker said Wednesday.Minister of Strategy and Finance Bahk Jae-wan told a weekly meeting of economic officials that anti-austerity election results in European countries such as Greece have fueled financial market jitters.“To effectively cope with such developments, the country must take steps to ensure long-term e
May 16, 2012
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Korea’s jobless rate falls to 3.5% in April
South Korea’s jobless rate decelerated in April thanks mainly to more positions created in the service sector, a government report showed Wednesday.The jobless rate stood at 3.5 percent last month, down from 3.7 percent a year earlier, according to the report by Statistics Korea. Last month’s tally also represents a drop from a jobless rate of 3.7 percent reached in March.A total of 455,000 jobs were added to payrolls in April with 24.75 million people employed in the country overall, the report
May 16, 2012
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Seven banks fined for forcing borrowers to buy extra services
The nation’s top financial regulator on Wednesday slapped seven banks with fines of up to 50 million won ($42,000) each for making borrowers purchase financial products to have their loan applications approved. The seven banks were found to have sold financial products such as deposits and insurances worth 33 billion won in exchange for issuing loans between Sept. 26, 2009 and June 30, 2011, the Financial Supervisory Service said. “The banks failed to establish or run internal control systems to
May 16, 2012
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KB Kookmin CEO on tour of overseas units
KB Kookmin Bank chief executive Min Byong-deok has embarked on a global tour to check on the bank’s overseas sales strategies and strengthen its international network, starting with London.Min went over the sales strategies of KB Kookmin’s London arm ranging from how to secure more corporate clients doing business there to establishing ties with local financial institutions during his visit to London on Tuesday. He also met the top management of London-based global financial institutions includ
May 16, 2012
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Stocks dive on European economic woes, Apple’s Elpida chip orders
Volatility likely to increase unless EU resolves crisis: analystsSeoul stocks took a nosedive Wednesday amid increasing concerns over the European debt crisis, driving foreign investors to sell and seek safer investment assets such as the U.S. dollar and gold, analysts said.Also, the news that Apple is likely to decrease its DRAM memory chip orders from Samsung Electronics, Korea’s biggest blue chip traded on the Seoul market, increased downward pressure on Korean stocks. The benchmark KOSPI fin
May 16, 2012
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GM to pull ads from Facebook: report
NEW YORK (AFP) ― General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter.The news comes at a bad time for Facebook, which is expected to launch an initial public stock offering Friday valuing the social networking site at around $100 billion.GM’s pullback comes as other marketers are questioning the value of paid ads on Facebook despite the vast amounts of
TechnologyMay 16, 2012
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Is Facebook worth the bet? Doubts amid the frenzy
WASHINGTON (AFP) ― Everyone knows it is a giant of the Internet that will make money for a long while. But is Facebook worth investing in at its elevated initial public offering price? Analysts have some doubts: the company has huge value, and could be very worthwhile over the long term. But there might be cheaper opportunities elsewhere on the market.On the other hand, demand for Facebook shares is so strong that, fundamental valuations aside, an investor might score big in any case.For one, th
TechnologyMay 16, 2012
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Samsung keeps top spot in TV market
Samsung Electronics Co., the world’s largest maker of TVs, maintained its dominant global market position in the first quarter of this year, international market researchers said Wednesday.According to the Germany-based GfK Group and NPD Group, a U.S. market researcher, Samsung products accounted for 30.2 percent of all flat-panel TVs sold throughout the world in the January-March period.Flat-panel TVs cover liquid crystal display, plasma display panel , and three-dimensional units, as well as s
TechnologyMay 16, 2012