Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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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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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Hopes rise for possible Gaza truce deal
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Leaders of S. Korea, Angola agree to boost economic, trade cooperation
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SKT takes English-study mobile service to Indonesia
SK Telecom said on Wednesday the company held a ceremony to mark the start of its new mobile service for learning English in Indonesia.Titled “English Bean,” the mobile service enables users to learn English regardless of time and location, the country’s leading telecommunication company said. The smart-learning program runs on several platforms, including its website, Facebook page, mobile phones and landlines.The telecommunications company has included a multitude of Facebook content such as E
TechnologyMay 9, 2012
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Treasury yields sink as turmoil deepens in Greece
NEW YORK (AP) ― Rattled investors took refuge in U.S. government bonds after stock markets dropped around the world.Investors were alarmed by the deepening political turmoil in Greece, which threatens to undermine that country’s financial rescue program.The leader of a left-wing party declared that Greece was no longer bound by its pledges to impose steep spending cuts in return for relief from international lenders. Alexis Tsipras is struggling to form a new government two days after Greek vote
May 9, 2012
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Left-wing leader rejects Greek austerity pledge
ATHENS (AP) ― The smoldering debate over European austerity flared hotter Tuesday as the left-wing politician trying to form a new Greek government declared that his country is no longer bound by its pledges to impose crippling cutbacks in return for rescue loans.The comments by Alexis Tsipras flew in the face of EU leaders’ insistence on fiscal discipline and sent the Greek stock market tumbling just two days after Greek voters rejected mainstream pro-austerity politicians. Instead, the people
May 9, 2012
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Missouri resident claims rock is alien skull
A witness in the U.S. claimed Sunday to have found an “alien skull,” a civilian UFO research organization said.According to Mutual UFO Network, the witness discovered something appearing to be a unique type of skull in a creek.The unidentified witness from Missouri said they wanted to have the “skull” checked for alien DNA.“I’ve had it a couple of years and would love to find out once and for all if it’s a real alien skull or just a cool looking rock,” the witness said.It was the latest in the s
TechnologyMay 9, 2012
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Facebook ‘Like,’ not protected as free speech
A U.S. judge said Facebook’s “like” buttons are not protected as free speech and employees fired for “liking” something written on Facebook cannot protected by the legal shield, according to news reports.The ruling came after six employees of Hampton Virginia Sheriff B.J. Roberts were fired for supporting Roberts’ opponent Jim Adams during his 2009 re-election campaign. At that time, three of the six had “liked” the Facebook page of Adams. The six employees filed a lawsuit in the Eastern Distric
TechnologyMay 9, 2012
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Light from distant 'super Earth' detected
NASA's Spitzer Space Telescope has, for the first time, detected light emanating from a so-called super-Earth planet beyond our solar system, scientists say.Although the planet is not habitable, detecting it is a historic step in the ongoing search for signs of life on other planets, NASA's Jet Propulsion Laboratory in Pasadena, Calif., said Tuesday.Super Earths are more massive than Earth but lig
TechnologyMay 9, 2012
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Brain scans decipher the thoughts of dogs
MCTA U.S. researcher who looked into what dogs think said he was inspired to do the research when he saw a Navy dog was on the team that killed Osama bin Laden.Gregory Berns, director of the Emory Center for Neuropolicy, said he was amazed when he saw pictures of what military dogs can do.“I realized that if dogs can be trained to jump out of helicopters and airplanes, we could certainly train the
TechnologyMay 9, 2012
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Savings banks probe expands to corruption
Mirae head suspected of embezzling W300bState investigators on Tuesday were expanding their probe into alleged irregularities to include accounting fraud, embezzlement and illegal loans at four suspended mutual savings banks, with one of their chairmen in detention. Kim Chan-kyung, chairman of Mirae Savings Bank, is suspected of embezzling over 300 billion won ($264 million) by issuing illegal loans and withdrawing company money as he prepared for his flight to China early this month, news repor
May 8, 2012
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Korea to launch multipurpose observation satellite May 18
Korea will launch its third satellite to observe the Earth from a Japanese space center on May 18, officials announced Tuesday.The KOMPSAT-3, also known as Arirang-3, is designed to provide geographical information of the Korean Peninsula with better technology than its two predecessors.Loaded on a Japanese rocket, the multipurpose satellite will lift off from the southern island of Tanegashima, some 115 kilometers south of Kyushu. The launch is due at 1:39 a.m. on May 18 from the Tanegashima Sp
TechnologyMay 8, 2012
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New questions raised about U.S. beef safety
Views conflict over dangers of BSE; government ignores pressure to stop customs clearanceMadThe safety of U.S. beef imports into Korea faces new questions after U.S. authorities confirmed a case of mad cow disease in a dairy cow from a California farm on April 24.The latest discovery was the first in six years and the country’s fourth case ever.For Korea, bovine spongiform encephalopathy (BSE), more commonly known as mad cow disease, is a high-profile issue affected by political considerations a
TechnologyMay 8, 2012
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BSE has long incubation period, no treatment
Bovine Spongiform Encephalopathy, commonly known as mad cow disease, is a progressive, fatal disease of the nervous system in cattle. The disease has a long incubation period (averaging four to five years) and there is currently no treatment or vaccine for the disease. BSE is one of a group of diseases known as transmissible spongiform encephalopathy (TSE). Other TSEs include scrapie in sheep, chronic wasting disease in deer and elk, and Creutzfeldt-Jakob disease in humans.The measures to deal w
TechnologyMay 8, 2012
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Korea to buoy demand amid global woes
The government plans to bolster domestic consumption and fuel the country’s overall economic buoyancy to cope with mounting global market uncertainties, the finance ministry said Tuesday.In its monthly “green book” report, the Ministry of Strategy and Finance said that economic data in such areas as industrial production, retails, business investment and construction all backtracked in March.Industrial production, a key barometer of economic health, contracted 3.1 percent in the cited month from
May 8, 2012
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Korea’s trade with China lags far behind Japan
HONG KONG (Yonhap News) ― South Korea’s trade with China lagged behind Japan in the first quarter of this year due to fierce competition from a rival exporting country in the world’s most populous market, a Chinese government report showed Tuesday. Trade between South Korea and China reached $60.3 billion in the January-March period, compared with Tokyo’s trade volume of $79.4 billion with Beijing, according to the report by the Chinese Ministry of Commerce.Taiwan, the majority of whose exports
May 8, 2012
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Korea’s car export growth slows in April
South Korea’s car export growth slowed in April as overseas sales by smaller local carmakers contracted from a year earlier, a government report showed Tuesday.Overseas vehicle shipments reached 276,639 units last month, up a modest 3.9 percent gain from 264,934 units sold a year earlier, the report by the Ministry of Knowledge Economy said.The latest tally marks the second month in a row export growth numbers fell compared to the previous month, it said.In February, exports surged 51.2 percent
May 8, 2012
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Japan’s Peach launches route to Seoul
Peach Aviation, a Japanese budget carrier, on Tuesday launched its first international route linking Seoul and Osaka, signaling fiercer competition with Korean and foreign low-cost airlines here. The low-cost unit of All Nippon Airways, based in Osaka, is the first budget carrier in Japan, and was established in February last year. Considering its low brand awareness in Korea, the late comer into the market pledged to focus more on a very basic principle ― offering cheaper deals, CEO Shinichi In
IndustryMay 8, 2012
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‘Most Remarkable Award’ for Avante at Beijing show
Hyundai Motor’s Avante won the Most Remarkable Award at the Beijing International Motor Show, the country’s leading carmaker said on Tuesday. Winning the most out of the 6.75 million votes counted, the award-winning sedan has made a promising premier in the automobile market, the company said. First presented in 2005, the Most Remarkable Award is given by three major motor shows in China, Shanghai Motor Show, Beijing International Motor Show and Guangzhou International Motor Show. The award is p
MobilityMay 8, 2012
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Investment by 600 major firms to hit record high in 2012
The combined investment of the nation’s 600 major enterprises is projected to reach an all-time high this year despite uncertainties surrounding the business environment at home and abroad.According to a survey by the Federation of Korean Industries, local enterprises including Samsung Electronics and Hyundai Motor plan to invest 140.7 trillion won ($124.5 billion) ― the largest scale in history ― in 2012, up 12.1 percent a year earlier.“The survey shows that uncertainties like the eurozone debt
IndustryMay 8, 2012
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Samsung, IT firms to make wireless charger
Joint project to develop device that charges remotelySamsung Electronics said Tuesday it has joined forces with other IT giants like Qualcomm and SK Telecom to develop a different wireless charger from the current device-on-pad method.The world’s largest maker of smartphones said it has formed a group called the Alliance for Wireless Power (A4WP) to introduce the resonant wireless battery charger. Members include Germany’s Peiker Acustic, U.S.-based accessory firm Ever Win International, furnitu
IndustryMay 8, 2012
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Producer price gain slows to 2.4% in April
South Korea’s producer price growth decelerated to a 26-month low in April mainly due to a slower gain in costs of manufactured products, the central bank said Tuesday.The producer price index, a barometer of future consumer inflation, rose 2.4 percent on-year to 125.3 last month, compared with a 2.8 percent increase in March, according to the Bank of Korea. The on-year gain is the lowest since the 2.4 percent advance reported for February 2010.Producer prices also edged down 0.1 percent from th
May 8, 2012
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Shares rise on U.S., European gains
South Korean stocks closed 0.54 percent higher Tuesday as investor sentiment got a boost from gains in U.S. and European markets, analysts said. The local currency rose against the U.S. dollar.The benchmark KOSPI moved up 10.57 points to 1,967.01, a turnaround from a three-session losing streak. Trading volume was moderate at 484 million shares worth 4.10 trillion won ($3.61 billion), with gainers outpacing losers 544 to 276.Market watchers said investors were buoyed by overall gains in the U.S.
May 8, 2012