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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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Jim Kim: Obama makes surprise pick for World Bank
Passing over better-known candidates, President Barack Obama nominated global health expert and Dartmouth College President Jim Yong Kim on Friday to lead the World Bank. It was a surprise pick aimed in part at fending off challenges from developing nations eager to end the U.S. monopoly of the top
March 25, 2012
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ISS crew takes shelter to avoid passing space junk
A piece of an old Russian satellite whizzed by the International Space Station on Saturday, forcing its six-member crew to temporarily take shelter in two Soyuz escape capsules, officials said. The International Space Station (AP-Yonhap News)The incident was the third of its kind in more than a deca
TechnologyMarch 25, 2012
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Industry leaders agree to share info, reduce HEU
Representatives of power companies, international organizations vow stronger cooperation for nuclear security, safetyMore than 200 nuclear industry leaders from 36 countries agreed to enhance nuclear security and minimize the use of highly enriched uranium on Friday at the Seoul Nuclear Industry Summit.The Seoul NIS, given the theme of “The Role of the Nuclear Industry in Enhancing Nuclear Security and Safety,” was held at the Grand Intercontinental Hotel as an auxiliary event of the Nuclear Sec
IndustryMarch 23, 2012
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Kim Jong-shin, a nuclear specialist
Kim Jong-shin is president and chief executive of Korea Hydro & Nuclear Power Co. since 2007. His second term began in 2010. Born in 1945 in Masan, South Gyeongsang Province, Kim began his career at Korea Electric Power Corp. in 1972 as an engineer with a specialty in nuclear power technology. He held several posts at the state-run enterprise and headed the Korea Western Power between 2004 and 2007.In 2008, he received the Legion of Honor from the French government for his commitment to the nucl
IndustryMarch 23, 2012
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Korea’s atomic power industry faces challenge
Anti-nuclear sentiment grows while government pushes for more reactors, bolsters safetyA string of breakdowns, aging reactors and aftereffects of the Fukushima meltdown have come together to trigger the biggest crisis in Korea’s nuclear industry since its birth.With a parliamentary election less than three weeks away, some opposition candidates are joining forces to call for the scrapping of atomic energy plants. The intensifying political onslaught, emboldened by safety jitters among the public
IndustryMarch 23, 2012
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SC Bank Korea offers fees exemption for migrant workers
A certain portion of expat employees in Korea will be exempted from service charges on their overseas cash transfer when they use the preferred service offered by Standard Chartered Bank Korea.The commercial bank said the service is applicable to employees from 48 countries such as Bangladesh, Cambodia, Laos, Myanmar and Nepal.The 48 nations were designated by the United Nations and the service will continue until Sept. 19.Banks operating in Korea have been bolstering their services for foreign
March 23, 2012
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Shares edge up after volatile trade
Korean stocks finished a tad higher on Friday as bargain hunting by foreign and retail investors helped recover earlier losses, analysts said. The local currency fell against the U.S. dollar. After falling as much as 0.61 percent, the benchmark KOSPI added 0.04 percent, or 0.71 percentage point, to reach 2,026.83. Trading volume was moderate at 500 million shares worth 4.77 trillion won with losers outpacing gainers 422 to 382. “Foreigners resumed net buying, mostly picking up shares of base met
March 23, 2012
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BOK requests joint household debt probe
The Bank of Korea has asked the Financial Supervisory Service to conduct a joint probe into the country’s household and corporate debt situations. The BOK made the decision Thursday and the financial regulator of its intention, a move that reflects its expanded supervisory role. The formal request marked the first time the central bank revealed its intent to play a role in stabilizing the overall financial system in addition to its primary function of keeping inflation at bay. In the document se
March 23, 2012
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Sohn Kyung-shik reelected as Korea chamber chief
The Korea Chamber of Commerce and Industry said Friday that it reelected Sohn Kyung-shik as chairman of the nation’s influential business lobby group.Chamber members agreed in a unanimous vote to offer another three-year term to the CJ Group co-chairman, who has led the Seoul chamber since November 2005.According to chamber officials, Sohn has been recognized for linking the business community with the government as he also serves as the chairman of the Presidential Council on National Competiti
IndustryMarch 23, 2012
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Kim Seung-yu finishes 15 years as top banker
Hana Financial Group chairman Kim Seung-yu finished his 15-year career as chief of the financial company on Friday.Kim worked as chief executive of Hana Bank between 1997 and 2005 and as the first chairman of Hana Financial Group between 2005 and 2012.The 68-year-old banker has been highly evaluated as one of the few figures to foster their organizations via mergers and acquisitions in the nation’s financial industry.Hana, which took over Seoul Bank in 2002, Boram Bank in 1999 and Chungcheong Ba
March 23, 2012
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Spot oil trading system to start within March
New trading system expected to stabilize oil prices and improve transparencyThe Korean government said on Friday it would kick off a spot oil electronic trading system within March to help rein in stubbornly high oil prices and improve transparency in the local oil market. The electronic market will be run by the Korea Exchange, the country’s bourse operator, and government officials said the new system will contribute to stabilize oil prices. Korea relies on foreign imports for all of its oil n
March 23, 2012
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Nuclear energy giant Areva sees Korea as aggressive competitor
Areva, the Paris-based nuclear energy giant, said Friday that Korean nuclear companies have become more aggressive competitors while also serving as customers of the firm.“I think the Korean industry is a competitor and a customer and we respect both,” said Areva’s president and chief executive Luc Oursel in a press conference on the sidelines of the 2012 Seoul Nuclear Industry Summit in southern Seoul.“We obviously see a more aggressive competitor and we like competition.”Areva, a well-known na
IndustryMarch 23, 2012
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KHNP hosts industry summit, steps up safety
Korea Hydro & Nuclear Power Co. said it has been stepping up its efforts to boost safety and energy security as the operator of the country’s 23 nuclear power plants. The state-run utility hosted the two-day Nuclear Industry Summit in Seoul on Friday, setting the stage for leaders from across the globe to share their experience and knowledge in enhancing the safety of atomic power ahead of the Nuclear Security Summit on March 26-27. After being spun off from Korea Electric Power Corp. in 2001, t
IndustryMarch 23, 2012
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Raising accredited security professionals ‘essential’
Korea needs to foster more sufficiently accredited nuclear security professionals to stand out as a reactor exporter in an expanding global atomic power plant market, Roger Howsley, president of the World Institute for Nuclear Security, said on Friday.The British expert on nuclear security said exporting of nuclear power plants should come with safety management for the reactor post-construction.“I think it’s essential to have accredited professionals for safety and emergency management. Raisin
IndustryMarch 23, 2012
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Hanwha chairman Kim sells stake in Hanwha Securities
Hanwha Group chairman Kim Seung-youn sold his entire holdings of Hanwha Securities, the brokerage said in a filing to the Korea Exchange on Friday. Kim held about 323,000 shares in the securities house, or 0.39 percent. Hanwha Securities said that Kim’s sale was to “simplify the stake ownership” and its affiliate Hanwha Time World took over Kim’s entire stake in order not to have an impact on the market. The stake sale came after Hanwha Group went through a turbulent period concerning Kim and fo
March 23, 2012
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Study shows potential for mind manipulation
A group of U.S. scientists have succeeded in artificially manipulating memories in mice brains, offering possibility for weakening harmful thoughts in mental patients, Science Daily reported Thursday.It has been known that stimulating certain parts of the brain can induce behaviors or memories, but the mechanism behind those memory functions has remained a mystery.Now a new study by the Scripps Research Institute suggests a clue to understanding the complexity of the human mind.Researchers genet
TechnologyMarch 23, 2012
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Foods needed to quit smoking
The eating habits of smokers are not only that they have a higher intake of high-calorie foods, including fatty foods or alcohol, as compared with non-smokers, but also that they are more vulnerable to a variety of cancers as well as arteriosclerosis due to a lower intake of fresh vegetables and fruits, both of which are dietary sources of anti-oxidant vitamins (vitamins C, E and A).Besides, they have a greater preference for foods such as coffee. Their eating habits are also more irregular.Seru
TechnologyMarch 23, 2012
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Scientists develop stem cells that may help treat dementia
A joint research team from South Korea and Germany said Friday they have created stem cells that have the potential to help treat people suffering from dementia and spinal cord trauma.Scientists from Konkuk University and the Max Planck Institute said they have successfully used somatic cells from mice to create so-called induced neural stem cells (iNSCs) that can be cultivated for over a year under laboratory conditions.The iNSCs have also been injected into the brains of mice and differentiate
TechnologyMarch 23, 2012
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Scheduled feeding may lower baby's IQ
Babies breastfed or bottle-fed to a schedule may not perform as well in school as babies fed on demand, British researchers found. (MCT image)Study leader Dr. Maria Iacovou of the Institute for Social and Economic Research at University of Essex and at the University of Oxford said this was the firs
TechnologyMarch 23, 2012
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Scientists develop stem cells that may help treat dementia
A joint research team from South Korea and Germany said Friday they have created stem cells that have the potential to help treat people suffering from dementia and spinal cord trauma.Scientists from Konkuk University and the Max Planck Institute said they have successfully used somatic cells from m
TechnologyMarch 23, 2012