Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ministry denies blame for Jamboree debacle
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Better 2Q performance for online portals: analysts
The country’s top internet portals are expected to make comebacks in the second quarter of this year, despite lackluster earnings in the first quarter, analysts said.Last week, the No.1 online portal NHN posted 576.7 billion won ($503 million) in sales and 161.8 billion won in operating profit from January to March.The firm’s sales figure surged 14.2 percent from the same period a year ago, but slipped 3.7 percent in operating profit.However, NHN, better known for its search engine Naver, was no
IndustryMay 13, 2012
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SKT taps into black box business
SK Telecom said Sunday that it will tap into the wireless digital tachograph service market by rolling out black boxes for cars in collaboration with small and mid-sized firms.The country’s top mobile carrier said that it formed a consortium with device makers Dongsun Electronics and Choyoung Automotive as well as system operator UB First and its affiliate SK Marketing and Company to build the car accident data recording system, also known as the black box.Called the “smart digital” black box, i
IndustryMay 13, 2012
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Lotte, Shinsegae sanctioned for deceptive labeling
Antitrust regulator slaps only 45 million won in fines on 9 online malls The Fair Trade Commission said Sunday that it has sanctioned some conglomerate-based online shopping malls for fabricating product labels in violation of laws on electronic commerce.They included the cyber shopping malls for the nation’s big three department stores ― Lotte (lotte.com), Hyundai and Shinsegae ― and four home-shopping operators ― GS, CJ, NS and Lotte (lotteimall.com).Two other players were the Interpark INT an
IndustryMay 13, 2012
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Smartphones drive robust demand for AMOLED: report
HONG KONG (Yonhap News) ― Global demand for active-matrix organic light-emitting diode displays is expected to remain robust thanks to their increased use in smartphones, a report said Friday. “Our channel checks indicate that Samsung is likely to expand its AMOLED capacity from July 2012 to meet robust demand for AMOLED-based smartphones. We expect AMOLED equipment vendors to benefit from this development,” said Shin So-yun, an analyst at Macquarie Securities, in the report. AMOLED displays are
TechnologyMay 13, 2012
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Korea, Vladivostok reach open-skies accord
South Korea and the Russian city of Vladivostok reached an open-skies accord in an effort to meet growing two-way demand for passengers and cargo, the government said Saturday.Under the agreement, South Korean airlines will be allowed to fly an unlimited number of times per week to the city in the eastern edge of Russia, the Ministry of Land, Transport and Maritime Affairs said.At present, only one South Korean and one Russian airline company offer regular flights. Korean Air Lines Co., the coun
May 13, 2012
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Seoul stocks to follow European, U.S. development, economic data
South Korean stocks are expected to be influenced by European political developments and U.S. economic data next week, local analysts said Saturday.The country’s key stock index, the KOSPI, closed at 1,917.13 on Friday, a drop of 3.62 percent or 72.02 points from a week earlier, mainly due to anti-austerity election results in France and Greece and disappointing U.S. labor market reports. The KOSPI tends to track Wall Street and reacts to overseas developments affecting trade and investments. Th
May 13, 2012
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Korea’s overseas property purchases reach $49m in Q1
Local residents’ acquisition of overseas real estate reached $49.5 million in the first three months of this year, government data showed Sunday.The figure represents an increase from $27.7 million recorded during the last quarter of last year but falls far short of $63 million, the quarterly average between 2010 and 2011, according to the Ministry of Strategy and Finance.North America was the most popular destination between January and March for South Korean real estate buyers, accounting for
May 13, 2012
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Korea, China can conclude trade talks in 2 years: Lee
BEIJING (Yonhap News) ― South Korea and China can conclude bilateral free trade negotiations in two years if both sides find a compromise on “sensitive issues” for each other, such as agricultural and fishery products for Seoul, President Lee Myung-bak said in an interview televised Saturday.Earlier this month, Seoul and Beijing declared the launch of government-level negotiations to forge a bilateral pact to free up trade between the two of Asia’s biggest economies. The first round of talks are
May 13, 2012
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How to get to the Expo
The Yeosu Expo site is located inside Yeosu City, a southern coastal port in South Jeolla Province, the nation’s southwestern region.For visitors from Seoul and the surrounding Gyeonggi Province, the most convenient way to get to the venue is to take the KTX, or Korean Train Express. Yeosu Expo Station connects to Gate 3 of the Expo directly, minimizing the walking distance for visitors. KTX passengers can also get 30 percent off their train fare if they show their Expo tickets to the ticketing
May 13, 2012
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Obama sends congratulatory message for Yeosu Expo
U.S. President Barack Obama on Saturday sent a congratulatory message for the opening of the Yeosu Expo and expressed a close bond to its maritime theme, saying he grew up living by the sea.Images of sea life and the marine environment floated across a large water screen as Obama spoke in a video message projected onto it. The speech marked the opening of the U.S. Pavilion at the 2012 World Expo, which opened in the southern coastal city of Yeosu early in the day. The global fair, themed “The Li
May 13, 2012
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Koh Young eyes 3-D inspection in non-memory chips
Global top inspection player seeking share buybacks, M&As, CEO saysChips connected with tiny electronic components and circuits are made through long manufacturing lines. They must be assembled and produced with maximum precision and perfection. Otherwise consumers are left with malfunctioning mobile devices and computers.In between those lines, there is inspection equipment such as solder paste and automatic optical inspection that makes sure such electronic components are put together and made
TechnologyMay 13, 2012
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Yeosu Expo kicks off 93-day journey
Foreign tourists satisfied with exhibit reservation system, facilitiesYEOSU, South Jeolla Province ― About 36,000 people visited the Expo 2012 Yeosu on the first day of the three-month world fair on Saturday, the expo organizing committee said Sunday.The figure was a lot less than its projection of 100,000, but the committee expects more visitors when the summer vacation season starts. “The reason the number of visitors was not as much as we had anticipated is probably because people thought th
May 13, 2012
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S. Korea's overseas property purchases reach $49 mil. in Q1
Local residents' acquisition of overseas real estate reached $49.5 million in the first three months of this year, government data showed Sunday.The figure represents an increase from $27.7 million recorded during the last quarter of last year but falls far short of $63 million, the quarterly average between 2010 and 2011, according to the Ministry of Strategy and Finance.North America was the mos
May 13, 2012
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Jogging mother called ‘selfish cow’ during pregnancy
British woman Jenny Wright said in a news report that she was called “selfish cow” by internet users because she kept on jogging during her pregnancy. According to the report, she was six months pregnant in January when she ran almost every day. She had posted her jogging experience on a website, with the encouragement of her doctor. There were hundreds of emails and comments by readers. Critics said that she could have caused brain damage in the unborn child; that her exercising was for feminis
TechnologyMay 13, 2012
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S. Korea, China, Japan agree to push to launch 3-way FTA this year
Trade ministers from South Korea, Japan and China said on Saturday that they agreed to push to launch negotiations for a three-way free trade agreement by the end of this year.The agreement reached in Beijing by South Korean Trade Minister Bark Tae-ho, Japanese Economy, Trade and Industry Minister Yukio Edano and Chinese Commerce Minister Chen Deming is to be recommended to a trilateral summit sla
May 13, 2012
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Man installs iPod holder… in his body
Dave Hurban just loves his iPod so much that he would do anything nearly anything for it; even go through painful operation.The tattoo artist has surgically implanted four magnets in his wrist in order to hold his iPod Nano in a ‘cool way’, without bothering with wristbands.In a video produced by Kaledioscope Kreative, Hurban barely winces as he performs the surgery himself.He says the implants are in fact, not that unique as one might think.“Those magnets are actually called micro-dermal anchor
TechnologyMay 13, 2012
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Seoul stocks to follow European, U.S. developments, economic data
South Korean stocks are expected to be influenced by European political developments and U.S. economic data next week, local analysts said Saturday.The country's key stock index, the KOSPI, closed at 1,917.13 on Friday, a drop of 3.62 percent or 72.02 points from a week earlier, mainly due to anti-austerity election results in France and Greece and disappointing U.S. labor market reports. The KOSP
May 12, 2012
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Dynamic shows open Yeosu Expo
Big O Show, K-pop, pansori performances adorn opening ceremony of world maritime fair YEOSU, South Jeolla Province -- Multimedia shows and fireworks embroidered the skies above the waters off this southern coastal town Friday evening during the Expo 2012 Yeosu opening ceremony.About 2,400 people including President Lee Myung-bak and Bureau International des Expositions secretary general Vicente Gonzalez Loscertales attended the ceremony on the eve of the official opening of the 93-day world mari
May 11, 2012
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Hanwha to build solar power plant in Portugal
Hanwha Group said Friday that it will start the construction work of a solar power plant in Portugal. The group said its affiliate Hanwha Solar has recently formed a consortium with Martifier Solar, a Portuguese photovoltaic energy firm, to build a 17.6-megawatt solar power plant in Lisbon. Even though the construction of the power plant was not scheduled to be completed until March next year, officials said it would be possible to start electricity generation in phases from as early as December
IndustryMay 11, 2012
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Shares fall 1.43% on lack of leads
South Korean stocks closed 1.43 percent lower Friday on lack of upward momentum and growing European debt concerns, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 27.80 points to 1,917.13, in its third straight session of decline.Trading volume was moderate at 522 million shares worth 4.32 trillion won ($3.76 billion), with losers clearly outpacing gainers 607 to 206.“There was no real momentum to bolster the bourse and counter
May 11, 2012