Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Tensions heighten ahead of first president-opposition chief meeting
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New chief named to anti-corruption body
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Prominent nuclear industry leaders to gather in Seoul
A number of high-profile nuclear industry officials will attend the two-day Nuclear Industry Summit starting Friday aimed at bolstering international cooperation to enhance nuclear safety and security.Co-chairs of the NIS International Advisory Committee such as John Ritch, director general of the World Nuclear Association; Roger Howsley, president of the World Institute for Nuclear Security; Laurent Stricker, chairman of the World Association of Nuclear Operators; and Marvin Fertel, president o
IndustryMarch 22, 2012
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Industrial electricity sales up in Feb.
Electricity consumption by South Korea’s industrial sector gained 9.7 percent from a year earlier last month, fueled by solid export growth, the government said Thursday.Sales of industrial electricity reached 21.09 billion kilowatt-hours in February, according to the Ministry of Knowledge Economy. The increase represents a rebound from 0.6 percent minus growth tallied in the first month of the year when the country recorded a trade deficit caused by weak exports.Industrial electricity sales ser
March 22, 2012
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Study of ‘meth babies’ finds behavior problems in childhood
The first study to look at methamphetamine’s potential lasting effects on children whose mothers used it in pregnancy finds these kids at higher risk for behavior problems than other children.The behavior differences - anxiety, depression, moodiness - weren’t huge, but lead researcher Linda LaGasse called them “very worrisome.”Methamphetamine is a stimulant like crack cocaine, and earlier research showed meth babies have similarities to so-called “crack babies” - smaller in size and prone to dro
TechnologyMarch 22, 2012
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IBM, NYC hospital training Watson in cancer
WHITE PLAINS, New York (AP) _ The medical training of IBM's speedy Watson computer will continue with a residency at a renowned Manhattan cancer hospital. FILE - This Jan. 13, 2011 photo provided by IBM shows the computer system known as Watson at IBM's research center in Yorktown Heights, N.Y. The
TechnologyMarch 22, 2012
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Bird-like wings carry man 330 feet
A Dutch man said he completed a flight of about 330 feet using homemade wings based on those of a bird. Jarno Smeets, 31, an engineer, said he controlled the 55-foot wings using two Nintendo Wii controllers, the accelerometers from an HTC Wildfire S smartphone and Turnigy motors when he took off Sunday at a park in The Hague and flew for about a minute. "Ever since I was a little boy I have been inspired by pioneers like Otto Lilienthal, Leonardo da Vinci and also my own grandfather," Smee
TechnologyMarch 22, 2012
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Baldness protein found in study that may lead to treatments
(MCT)Bald spots had an excessive amount of a protein called prostaglandin D2 or PGD2, according to a study in Science Translational Medicine. Merck’s experimental treatment for facial flushing and Actelion’s allergy compound, both in late- stage studies, block the protein. About eight out of 10 whit
TechnologyMarch 22, 2012
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Spongebob beware: ‘Robojelly’ eyes the oceans
“Robojelly” mimicks the action of the jellyfish, which uses a circular muscle to open out a bell-like body and then sharply close it, which expels water and moves the creature forward. This undated photo released by the BMDL and CEHMS labs at Virginia Tech in Blacksburg, Virginia, show the robo
TechnologyMarch 22, 2012
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Google customers sue over changes to privacy policy rules
Google Inc. (GOOG) customers sued the company over claims they were deceived by its new privacy rules merging separate policies for about 60 services into one. The suit seeks to represent in a group, or class action, people who held Google accounts and mobile phones powered by its Android operating
TechnologyMarch 22, 2012
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One-person, single-parent households surge: stats
The number of single-parent homes and single-person households grew to almost half of the country’s total family units, reflecting demographic changes that came with more people living alone and divorces, Statistics Korea said Wednesday. More than 48 percent were households with one or two occupants in 2010, up from 29.6 percent in 1995. The average number of occupants per household dropped to 2.69 for 2010, from 3.4 in 1995.“The sharp increase can be attributed to the rise in single adults and
March 21, 2012
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No new duty-free shop licenses for conglomerates
More pressure on chaebol to pull out from sectors for small businessesConglomerates will be refused business licenses for new duty-free shops catering to foreign tourists, the government said Wednesday. The duty-free shop license policy and other related measures were decided at the government’s crisis management meeting to protect small businesses. Under the plan, the Korea Customs Service will no longer grant duty-free shop rights to big businesses, favoring instead small and medium-sized com
March 21, 2012
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Seoul to curb unfair pricing that undermines free trade pacts
South Korea will crack down on unfair pricing practices in the distribution sector that undermine free trade pacts with its trading partners, top economic policymakers said Wednesday.Officials including Finance Minister Bahk Jae-wan said in a weekly economic review meeting that Seoul will closely examine the consumer prices of products that have benefited from free trade agreements.If there is a wide gap between import and consumer prices, which can be a sign of excessive profit taking, the gove
March 21, 2012
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Top 10 firms suffer decline in 2011 profits
South Korea’s top 10 business groups saw their earnings decline in 2011 on the economic downturn and rising costs of raw materials, data showed Wednesday.According to the data compiled by Chaebol.com, a corporate information provider on large businesses, the combined net profit of 81 listed companies affiliated with the country’s top 10 conglomerates reached 35.8 trillion won ($31.8 billion) last year, a drop of 19 percent from a year earlier.Their operating income also declined 13.3 percent to
March 21, 2012
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E-Mart promises greater support for suppliers
E-Mart, the country’s largest supermarket chain, said Wednesday that it will provide support funds worth 300 billion won ($260 million) to its partner firms as part of its shared growth plan.In a press conference that invited 100 chiefs of its partner firms, E-Mart chief executive Choi Byung-ryul announced four major directions for shared growth including developing products together with its partners and giving greater financial support to smaller firms.The other two are expanding the number of
IndustryMarch 21, 2012
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Korea discusses cooperation with developing countries
About 50 investment authorities and high-level officials from 32 developing nations attended a forum in Seoul on Wednesday to explain their development plans and meet with Korean officials and businessmen. The Korean government spelled out its policy for industrial and resource cooperation as well as official development assistance plans for developing countries at the Global Industry Cooperation Forum hosted by the Korea Trade-Investment Promotion Agency.About 30 foreign diplomats in Seoul and
March 21, 2012
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Germany to show futuristic marine tech at Yeosu Expo
Germany is getting ready to showcase the country’s futuristic marine technologies at the 2012 Yeosu Expo with its deputy ambassador to Korea introducing its planned pavilion at an event in Seoul on Wednesday.“Expo 2012 Yeosu is very meaningful and important for Korea and Germany since both nations are closely related to the sea,” Johannes Regenbrecht, German deputy ambassador to Korea, said during a press conference. The event’s motto is “Seavolution,” meaning preservation of the sea and sustain
March 21, 2012
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Gori-1 unit chief decided not to report power loss: NSSC
The Nuclear Safety and Security Commission on Wednesday said the chief of the Gori-1 nuclear power plant had decided not to report a power outage at the unit on Feb. 9 to higher authorities.The panel last week launched a probe into the temporary power failure at the Gori-1 unit in Busan and why it was only reported to the head of the Korea Hydro and Nuclear Power Co. more than a month later.“The chief of the Gori-1 unit entered the main control room during the power loss and decided not to repor
IndustryMarch 21, 2012
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Samsung gets tough on antitrust obstruction
Conglomerate says still deciding disciplinary action after watchdog’s W400m fineSamsung Electronics chairman Lee Kun-hee was reportedly enraged over its flagship electronics arm’s antitrust hindering, with Samsung Group announcing it will devise prevention measures involving the incident on Wednesday.“I heard that the chairman was in fury over the incident. There was a strong reprimand,” said Rhee In-yong, chief of communications at Samsung Group, during a weekly briefing following the meeting
IndustryMarch 21, 2012
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KNOC to join group for El Paso assets
Korea National Oil Corp., South Korea’s state energy developer, said it will join an Apollo Global Management LLC-led group that agreed to buy El Paso Corp.’s oil and gas exploration business for $7.15 billion.The group, which includes Riverstone Holdings LLC and Access Industries Inc., will probably make the acquisition in the first half, the Anyang, South Korea-based company, known as KNOC, said on Tuesday in an e-mailed statement, without giving a value or details of its proposed holding.“The
March 21, 2012
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RBS to shut down some units in Korea
Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, will wind down some operations in South Korea, Indonesia and Singapore, retreating from an earlier plan to sell them.The U.K. lender is to close the cash equities, equity capital markets and corporate finance units in Korea, as well as the cash equities operations in Indonesia and Singapore, Yuk Min-hui, a spokeswoman for RBS in Hong Kong, said in an e- mailed response to queries. About 70 people will be affected, she said.R
March 21, 2012
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KB chief invited to G100 meeting
KB Financial Group chairman Euh Yoon-dae has been invited to the meeting of globally influential chief executives, dubbed G100 Europe.It will be the first time for a Korean CEO to participate in the meeting of about 100 global senior figures, which will be held in London from March 27-28.He is scheduled to attend a variety of discussions such as “The role of CEOs during the changing period” and “Changes in the banking sector’s effects on the manufacturing industry.”The G100 members include Jack
March 21, 2012