Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Doctors' group picks new leader amid tense standoff over increased enrollment quota
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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[Hello India] Corporate Korea sees new growth drivers in India
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Seoul’s bus union prepares for strike
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Five hospitals picked for infants
The Ministry of Health and Welfare has added five hospitals to the list of those that must be equipped with intensive care units for newborns. The selected hospitals are Bundang Seoul National University Hospital in Gyeonggi Province, Inha University Hospital in Incheon, Dankook University Hospital in Daejeon, Chosun University Hospital in Gwangju and Ulsan University Hospital in Ulsan. With the latest designation there are now 18 general hospitals that have or will have special units for infant
TechnologyMarch 1, 2012
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Women have rare egg-producing stem cells, Harvard scientists claim
WASHINGTON (AP) ― For 60 years, doctors have believed women were born with all the eggs they’ll ever have. Now Harvard scientists are challenging that dogma, saying they’ve discovered the ovaries of young women harbor very rare stem cells capable of producing new eggs.If Sunday’s report is confirmed, harnessing those stem cells might one day lead to better treatments for women left infertile because of disease - or simply because they’re getting older.“Our current views of ovarian aging are inco
TechnologyMarch 1, 2012
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Beware of spring depression
It is high time to beware of seasonal depression. It occurs most frequently before or after the winter, when the early spring breeze begins to blows away the winter cold. As the spring gets closer, however, we are at increased risk of committing suicide as symptoms of depression are most intense. In recent years several Korean celebrities have committed suicide while suffering from depression. Most of these deaths occurred in the spring. Suicide is the greatest potential evil that can result fro
TechnologyMarch 1, 2012
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Keep your eyes healthy during spring
Eyes become sensitive just after winter; yellow dust may cause various symptomsSpring is right around the corner, but whole many look forward to warmer weather, some dread the season because of pollen, dust and other allergies. Our eyes are especially sensitive in spring. The dryness and extreme temperature differences between morning and nighttime during winter weakens the immune system, leaving yellow dust and pollen able to cause intolerable itchiness, sneezing, tears and more. Dr. Kim Jin-gu
TechnologyMarch 1, 2012
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Miracle diet pill? A safe drug is elusive
WASHINGTON (AP) ― The battle of the bulge has been a big, fat failure for U.S. drugmakers. But that hasn’t stopped them from trying.For nearly a century, scientists have struggled to make a diet pill that helps people lose weight without side effects that range from embarrassing digestive issues to dangerous heart problems.Earlier this week, a government panel recommended the FDA approve the latest diet drug Qnexa. The recommendation raises hopes that the U.S. could approve the first anti-obesit
TechnologyMarch 1, 2012
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Dinosaurs had fleas too -- giant ones, fossils show
WASHINGTON (AP) -- In the Jurassic era, even the flea was a beast, compared to its minuscule modern descendants. These pesky bloodsuckers were nearly an inch (25 millimeters) long.New fossils found in China are evidence of the oldest fleas _ from 125 million to 165 million years ago, said Diying Hua
TechnologyMarch 1, 2012
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Overseas card spending hits record high in 2011
Koreans’ overseas credit card spending climbed to a record high in 2011 as solid economic growth and the local currency’s ascent increased the number of outbound travelers, the central bank said Wednesday. Overseas credit card bills totaled $8.62 billion last year, up 18.5 percent from $7.27 billion the previous year, according to the Bank of Korea.Last year, the South Korean economy grew 3.6 percent on-year, but its growth slowed from the 6.1 percent gain the previous year.The Korean currency t
Feb. 29, 2012
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Korea to increase number of cheaper gas stations
South Korea will open more “bargain” gas stations in 2012 as part of efforts to ease the pain of ordinary citizens from heavy energy costs, the Finance Ministry said Wednesday.The bargain gas stations, which were launched in December, usually receive their fuel from state-run agencies at cheaper prices than other existing gas stations. The government plans to increase the number from 369 to 430 by the end of March.In a related move, the government will also unveil a comprehensive package of meas
Feb. 29, 2012
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Intel makes more mobile inroads with new phones
SAN JOSE, California ― Further demonstrating its resolve to expand beyond the personal computer market, Intel Corp. on Monday announced that three more new smartphones incorporating its microprocessors will be introduced in other countries this year.The smartphone makers are Orange, Lava International and ZTE. Intel CEO Paul Otellini, who made the announcement at the Mobile World Congress in Barcelona, Spain, said more smartphones containing Intel’s brainy chips will be unveiled in the next year
TechnologyFeb. 29, 2012
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KT mobile chief focuses on service quality
BARCELONA, Spain ― Pyo Hyun-myung, president of the mobile business unit at KT Corp., said Tuesday that the company would not compete with other telecom carriers to be the first to offer voice calls on the Long Term Evolution network. “Goals like starting the voice-over-LTE within the year are more like rhetoric from the perspective of service providers. What’s more important is the service quality regardless of whether it’s 3G or 4G,” he told reporters at the Mobile World Congress being held in
IndustryFeb. 29, 2012
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Samsung vows to stamp out collusion
Amid simmering criticism over collusion and price fixing among industry giants, Samsung on Wednesday mapped out a set of measures to head off the rampant illicit practices within Korea’s largest conglomerate.The package, a follow-up to its November program, is aimed at establishing “systemic safeguards against any temptations to collude in tough business environments,” Samsung Group said in a statement. Under the plan, the company will conduct regular monitoring on all affiliates, expand its e-m
IndustryFeb. 29, 2012
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Livestock farmers to get cash subsidies over FTA
Livestock and dairy farmers who are hurt by free trade pacts will be eligible to receive direct cash assistance from the government, the Farm Ministry said Wednesday.The ministry said it has set up an evaluation system to measure fallout in the livestock sector caused by opening the domestic market to cheaper meat and dairy products from abroad.It said cash assistance will be given if prices of locally produced farm products such as meat, milk and eggs fall noticeably after a free trade agreemen
Feb. 29, 2012
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Hyundai Motor family firms up grip on group
Hyundai Motor Group chairman Chung Mong-koo and his son Eui-sun have been expanding their presence in the group’s subsidiaries.Chairman Chung is to take on the role of a standing director in Hyundai Engineering & Construction, which was acquired by the automotive group in March 2011, Hyundai Motor said Wednesday.Last Friday, Chung Eui-sun, Hyundai Motor vice chairman and Kia Motors president, was named a standing director of Hyundai-Steel.According to Hyundai spokespeople, their direct involveme
MobilityFeb. 29, 2012
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Industrial output shrinks 2 percent on-year in January
Korea’s industrial output shrank on-year for the first time in 31 months in January as its export-driven economy is under growing pressure from persistent global market uncertainties, a government report showed Wednesday.According to the report by Statistics Korea, production in the mining and manufacturing industries contracted 2 percent last month from a year earlier, compared with a 2.8 percent gain in December.This marked the first contraction since June 2009 when the output inched down 0.6
Feb. 29, 2012
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Homeplus chief’s remarks against SSM regulation get mixed reaction
Major discount store chains oppose rules that limit business hoursA sharply worded remark by the chief of the nation’s second largest supermarket chain against politicians over the regulation of the retail giants’ business hours aroused mixed views across the industry Wednesday. The central and local governments are pushing for banning large retail outlets’ activities from midnight through 8 a.m. and making them close for a day or two a month under a law that passed the National Assembly late la
IndustryFeb. 29, 2012
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Samsung, KT, LG win at trade show
Samsung Electronics’ Galaxy S2 was chosen as the best smartphone at the Mobile World Congress in Barcelona on Wednesday.Presented by the Global System for Mobile Association, Samsung’s flagship smartphone Galaxy S2 competed with other handsets like Galaxy Nexus, Apple’s iPhone 4S, HTC’s Desire S and Nokia’s Lumia 800. It was also given the Device Manufacturer of the Year award at the event.It was the first time for the firm to take home the best device manufacturer award and the third time it w
TechnologyFeb. 29, 2012
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[News Focus] Will Samsung chief take legal action against siblings?
Industry sources say Samsung is on the lookout for lawyerAll eyes are on the future course of action Samsung Electronics chairman Lee Kun-hee will take in response to inheritance suits from his sister and brother.Industry sources close to the matter raised the possibility that Lee will refuse compromise and seek to end the dispute through a legal means. The sources said the country’s largest conglomerate is currently on the lookout to hire a lawyer who would officially take charge of the legal p
IndustryFeb. 29, 2012
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Shares spike 1.33 percent on broad market gains
Korean stocks surged 1.33 percent Wednesday, boosted by a rally in chipmakers and shipbuilders as well as broad gains in large caps, analysts said.The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index advanced 26.56 points to end at 2,030.25. Trading volume was moderate at 555 million shares worth 6.71 trillion won ($5.99 billion) with gainers leading losers 542 to 289.The market rally was fueled by hopes that the global economy is on a recovery track. U
Feb. 29, 2012
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Samsung, BMW to partner on batteries, software
Samsung president Lee Jae-yong in Germany to meet executives at BMW, SiemensSamsung Electronics Co. will partner with BMW to combine more of its technology with the German vehicles’ battery and in-car software, Samsung said on Wednesday. A team of Samsung executives led by CEO Lee Jae-yong left for Munchen earlier in the day for a series of meeting with counterparts at BMW and Siemens, including Norbert Reithofer, CEO of BMW, according to Samsung.“COO Lee had a meeting with Dr. Reithofer and bot
IndustryFeb. 29, 2012
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Standard Chartered avoids labor strike
Bank and union agree on pay raise, creation of task force on other issuesStandard Chartered Bank Korea has reached a compromise with its union on a wage hike, though there are still unsettled aspects to their talks.The two sides agreed to pay raises of 2 percent and 4.1 percent for 2010 and 2011 salaries, respectively, late Tuesday.Their talks on the salary hike have continued over the past two years amid the possibility of a general strike of unionized workers.They also tentatively compromised
Feb. 29, 2012