Most Popular
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Army takes group action against Hybe for neglecting BTS
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Debate rages over ‘overly fatty’ samgyeopsal
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Some junior doctors are returning: Health Ministry
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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[Weekender] Korean psyche untangled: Musok
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Naver will consider company benefits in deciding on selling Line shares: CEO
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Woman dangling from power lines rescued by residents holding blanket
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Hyundai Motor aims to lead hydrogen truck business in US
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LG Display begins mass production of e-paper displays
LG Display Co., the world’s No. 2 flat-screen maker, said Thursday that it started mass production of a thinner and lighter electric paper display.The plastic-based E-Ink display maintains a thickness of just 0.7 millimeters and a weight of 14 grams, much thinner and lighter than a conventional glass-based e-paper display, according to LG Display.LG Display said the 6-inch electric paper display will be rolled out in Europe next month.E-paper is hailed as a new form of display for offering vario
TechnologyMarch 29, 2012
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Shares sink 0.85% on U.S. recovery woes
South Korean stocks dropped 0.85 percent on Thursday on concerns that the U.S. economic recovery is still weak, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI lost 17.33 points to close at 2,014.41, extending its losing streak to a second day. Trading volume was moderate at 446 million shares worth 4.91 trillion won ($4.32 billion) with losers outpacing gainers 603 to 222.“Today’s decline is due mainly to worries over the U.S. economy and the eurozone economy,
March 29, 2012
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Eximbank to offer loans for Vietnam development projects
Export-Import Bank of Korea will extend loans for several development projects pushed by the Vietnamese government.The loans totaling $58 million will be offered to Vietnam via the Economic Development Cooperation Fund, set up by the Korean government in 1987, according to the state-run bank.Korea Eximbank chairman and president Kim Yong-hwan signed a memorandum of understanding with Vietnamese Finance Minister Vuong Dinh Hue on the development funds in Seoul on Thursday.“The projects include pr
March 29, 2012
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Groups eye non-banking sector
Financial firms seek to diversify profit amid control of banks’ loansThe nation’s four major financial groups are revitalizing their competition to expand non-banking businesses to overcome the saturated banking industry.Though chiefs of the groups ― KB, Woori, Shinhan and Hana ― had vowed to enhance the non-banking sector, the ratio of their dependency upon the banking business is still high.The ratio of banking business accounts for more than 80 percent of the total, far surpassing the three m
March 29, 2012
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Daelim Industrial sets sights on power generation
Korea’s No. 5 builder seeks future growth engines, broaden overseas marketsKorea’s construction companies are stepping up efforts to diversify their project portfolios and client lineups in their quest for stable revenue streams amid economic uncertainties.Daelim Industrial Co., Korea’s fifth-largest builder, is seeking to lead the industry’s transition with an array of contracts for housing, infrastructure and plants. Harnessing its technological know-how in dam, bridge, harbor and plant constr
IndustryMarch 29, 2012
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LG aims for lead in high-capacity appliances
Company aligns with trend of refrigerators, washers getting bigger with changing lifestylesLG Electronics is aiming to take the lead in introducing high-capacity home appliances in the local market as well as some overseas regions, ranging from side-by-side refrigerators to drum washing machines.The premium high capacity side-by-side refrigerators in the 800-liter range are gaining popularity in the country as an increasing number of double-income families request more storage space due to their
IndustryMarch 29, 2012
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Cho honored by Asia Society
Korean Air chief executive Cho Yang-ho has been named “Asian business leader” for 2012 by Asia Society Southern California, the country’s largest carrier said Thursday.The non-profit organization picked Cho, 63, for his contribution to the regional economy as chairman of Hanjin Group, the parent company of Korean Air, the company said in a statement.Hanjin owns and is currently redeveloping the historic Wilshire Grand Hotel in downtown Los Angeles into a tower complex. The conglomerate has also
IndustryMarch 29, 2012
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Panic disorder on the rise
Jeon Jin, a TV celebrity and member of boy band “Shinhwa,” recently made a stunning confession. He said he suffered from panic disorder, which made it almost impossible to live a normal life. “I was always anxious. I was seized by thoughts about things that would not happen to me. I carried a baseball bat or a bamboo stick to protect myself from imaginary attackers. I relied on alcohol for months, rarely going outdoors,” he told a television talk show.Jeon is among an increasing number of panic
TechnologyMarch 29, 2012
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Drug-resistant TB blamed on Indian treatment flaws
NEW DELHI (AP) ― India’s inadequate government-run tuberculosis treatment programs and a lack of regulation of the sale of drugs that fight the disease are responsible for the spiraling number of drug-resistant cases that are difficult to treat, health activists said Friday.India adds an estimated 99,000 cases of drug-resistant TB every year, but only a tiny fraction of those infected receive the proper drugs to treat the stubborn disease through the government-funded program. Saturday marks Wor
TechnologyMarch 29, 2012
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More people take longer-lasting options to replace missing teeth
DETROIT ― She wasn’t even wearing heels. But on the sidewalk near the Southfield, Mich., law firm where she works, Arlene Bordman’s loafer got stuck in a crack and “I went right over and landed on my mouth.” A few weeks later, she felt something rattling and loose in her upper jaw. Her dentist ended up pulling out her upper four front teeth, just six weeks before her son’s May 30 wedding.Bordman, 68, of West Bloomfield, Mich., got through the wedding wearing a flipper: fake front teeth attached
TechnologyMarch 29, 2012
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Functional dyspepsia
Most people have experienced gastrointestinal symptoms such as digestive disturbances, abdominal pain, vomiting and heart burn. When these symptoms come up, it’s best to take clinical laboratory tests. This is because Korean people are particularly vulnerable to stomach cancer and gastric ulcers. If you visit our outpatient clinic with these complaints, we will provide clinical laboratory tests as hepatic function tests, blood tests, urinalysis, stool examination, upper gastrointestinal endoscop
TechnologyMarch 29, 2012
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Court orders FDA action on use of antibiotics on farms
WASHINGTON (AP) ― A federal court judge has ordered the Food and Drug Administration to take action on its own 35-year-old rule that would stop farmers from mixing popular antibiotics into animal feed, a practice which is widely believed to have led to a surge in dangerous, drug-resistant bacteria.In 1977, the FDA concluded that the overuse of antibiotics in livestock, poultry and other animals weakened the treatment’s effectiveness in humans. The agency issued an order that would have banned no
TechnologyMarch 29, 2012
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Seasonal veggies boost immune system
As the temperature lingers below the annual average, more people are getting the flu. According to the Korea Centers for Disease and Control and Prevention, 4.66 of every 1,000 patients visiting the doctor recently were diagnosed with influenza. The authorities blame the cold weather, saying it likely brought down overall immunity.According to experts, one way to restore or boost immunity is an extra intake of fruit and vegetables. The effect is much more powerful when coupled with exercise. Sti
TechnologyMarch 29, 2012
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Manufacturers expect better business conditions in 2nd quarter
Korean companies expect market conditions to perk up in the manufacturing sector over the next three months after a nine-month slump, data showed Thursday.According to a survey of 508 local firms conducted by the Ministry of Knowledge Economy and the Korea Institute for Industrial Economics and Trade, the rosy outlook is based on signs of economic recovery in the U.S. and high expectations for the Korea-U.S. free trade agreement. Manufacturers’ earnings in the first three months of this year dip
March 29, 2012
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GM Korea to recall Alpheon sedans for headlight problem
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., is voluntarily recalling its Alpheon sedans for headlight problems, the transportation ministry said Thursday.The 12,747 entry-level luxury cars subject to the recall were manufactured between April 30, 2010 and March 5 this year, according to the Ministry of Land, Transport and Maritime Affairs.Vehicles subject to the recall are the 2.4-liter gasoline and hybrid models as well as those powered by a 3.0-liter engine.The mi
MobilityMarch 29, 2012
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Korea to slap duties on PET film imports
South Korea’s trade commission said Thursday it has decided to extend anti-dumping tariffs on Chinese and Indian wrapping film for three more years to protect local manufacturers.The decision by the Korea Trade Commission calls for anti-dumping duties of 5.87-25.32 percent to be levied on polyethylene-terephthalate film made by the two Asian countries.The latest move comes after Seoul imposed anti-dumping duties of 5.67-25.32 percent on PET films from the same countries since October 2008.“The l
March 29, 2012
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Korea returns to current account surplus in Feb.
South Korea’s current account balance shifted back into the black in February from a deficit a month earlier on solid exports of key products, the central bank said Thursday.The current account surplus reached $640 million last month, compared with a $970 million shortfall in the previous month, according to the Bank of Korea. The February figure, however, was lower than a $1.13 billion surplus a year earlier.In January, the country ran a current account deficit for the first time in two years.
March 29, 2012
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Business sentiment turns negative in April
South Korea’s business sentiment for April fell from a month earlier due to unfavorable overseas trade conditions and concerns over high domestic household debt, a poll showed Thursday.The monthly business survey index for the upcoming month came in at 98.4, down from 106.1 tallied for March, according to the Federation of Korean Industries, the lobbying group of the country’s large businesses.A BSI reading below the break-even 100 mark means pessimists outnumber optimists. The poll surveyed the
March 29, 2012
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Asset managers’ earnings plummet by 30 percent
Asset managers in South Korea saw their earnings shrink almost 30 percent in the first nine months of fiscal 2010 as mutual fund investors increased fund redemption amid market volatility, the financial watchdog said Thursday.The combined net profit of 82 asset managers operating in the country came to 219 billion won ($192 million) in the April-December period, compared with 310 billion won a year earlier, according to the Financial Supervisory Service.The earnings slump came as rising fund red
March 29, 2012
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Korean Air advertisements win consumer awards
Korean Air’s advertising campaign was selected by consumers for having the best television and magazine ads. The airliner on Thursday received awards in the two sections in the annual “Good Ads Selected by Consumers” award ceremony hosted by the Korea Advertisers’ Association and the Ministry of Culture, Sports and Tourism. Korean Air’s commercial highlighting the beauty of the Korean landscape and culture, which was first aired in July, won the top award for television ads.The air carrier’s adv
IndustryMarch 29, 2012