Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Jilted fruit flies slurp alcohol to forget: study
Frustrated male fruit flies, whose sexual advances are rejected by females, turn to alcohol to drown their sorrows, a study published Thursday revealed.(MCT image)Scientists at the University of California, San Francisco discovered that rejected male flies have a tiny neuropeptide F molecule in thei
TechnologyMarch 16, 2012
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‘Exporters should perk up marketing in U.S.’
Minister Hong wants to be remembered for fostering SMEs into larger, stronger companies, benefit sharingThis is the third of a series of interviews with top officials and trade-related association chiefs on FTAs in light of the Korea-U.S. FTA taking effect. ― Ed. Knowledge Economy Minister Hong Suk-woo called for aggressive marketing from Korean exporters, in addition to price cuts to maximize the effect of the Korea-U.S. Free Trade Agreement that took effect Thursday. “Companies could make the
March 15, 2012
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KPR opens social media research lab
Local public relations agency KPR said Thursday that it has set up a research center to study ways for companies to better communicate via social network services. The Social Communication Research Lab is aimed at conducting research activities regarding diverse social phenomenon related to social media and SNS, as well as communication tools using the new trend, the company said. KPR said that Kim Jong-rae, former IT journalist and online PR director at KPR, has been named the first head of the
IndustryMarch 15, 2012
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Chung foundation launches education program for poor
The Chung Mong-koo foundation of Hyundai Motor Group has set up an educational program dubbed “On Dream School.”The program is designed to foster outstanding figures among students from underprivileged households, Hyundai Motor said in a statement.Its main functions will include providing students ― from elementary to college ― with scholarships and opportunities for high-quality education.On Thursday, the social foundation signed a pact with the Ministry of Education, Science and Technology on
MobilityMarch 15, 2012
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Korea posts $1.5b trade surplus in Feb.
Korea’s trade balance shifted to the black in February from a deficit a month earlier thanks to sold export gains, a customs office report showed Thursday.According to the report by the Korea Customs Service, South Korea’s trade surplus amounted to $1.5 billion last month, compared with a shortfall of $2.2 billion in January.The monthly figure was smaller than a surplus of $2.2 billion projected by the Ministry of Knowledge Economy for February earlier this month.Exports soared 20.6 percent on-y
IndustryMarch 15, 2012
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Reactor blackout fans nuclear safety concerns
The government came under pressure as a soaring number of Koreans are casting doubt on atomic energy after plant operators were found to have attempted to conceal power loss at a nuclear reactor in Busan. Despite no damage or radiation leakage, the accident infuriated the public and anti-nuclear protesters. They raised questions over the public workers’ integrity and whether they are prepared for a longer outage that could result in a disaster like that seen in Japan.The 12-minute blackout occur
IndustryMarch 15, 2012
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IT, carmakers to lead Q1 earnings scoreboard
LG set to swing to profit, Samsung expects record earnings as sector eyes 38% profit jumpKorea’s key IT companies are expected to post solid earnings for January-March this year, data showed Thursday. The most striking feature in the current quarter is that LG Electronics is set to swing to profit, restoring confidence among investors following a dismal performance last year, according to the stock information company FnGuide. Samsung Electronics, Asia’s biggest technology company, is also saili
March 15, 2012
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Financial asset growth slows sharply in 2011: BOK
Korea’s financial asset size increased at a much slower pace in 2011 due to sluggish economic growth, the central bank said Thursday.The Bank of Korea said the country’s financial asset value stood at 10,894.4 trillion won ($9.65 trillion) as of the end of December, up 5.5 percent or 565.8 trillion won from a year earlier. The growth rate is the lowest reached since 2003.“The drop can be attributed to the country’s weak growth rate that fell to 3.8 percent last year from 6.2 percent reached in 2
March 15, 2012
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Shares take a breather at seven-month high
Korean stocks ended almost flat on Thursday as investors took to the sidelines after the key index hit a seven-month high in the previous session. The local currency fell against the U.S. dollar.After swerving in and out of positive terrain, the benchmark Korea Composite Stock Price Index slipped 1.32 points, or 0.06 percent, to close at 2,043.76. Trading volume was moderate at 470 million shares worth 5.91 trillion won ($5.24 billion), with decliners outnumbering gainers 499 to 327.“There are s
March 15, 2012
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KEB targets rich Koreans in U.S.
CEO says bank also plans to open branches in South AmericaKorea Exchange Bank CEO Yun Yong-ro unveiled his global business strategy to focus on the private banking sector and attract wealthy Koreans residing in the U.S.“We are considering reentering the (retail banking) market in the western and eastern parts of America,” he told a news conference in downtown Seoul on Thursday. In 2004, KEB had to close down its retail banking business in Los Angeles and New York City due to U.S. financial regul
March 15, 2012
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85 local governments designate smoke-free zones
Watch out smokers: 85 local district offices have banned smoking on boulevards and at other public spots. According to the Ministry of Health and Welfare, 10 metropolitan or provincial governments and 75 district offices have designated communal parks, playgrounds, bus stops, beaches and boulevards as no-smoking zones as of Feb. 29. People who do not abide by the rules will be fined up to 100,000 won per case, the authorities said. The 10 metropolitan or provincial governments are Seoul, Busan,
TechnologyMarch 15, 2012
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Samsung Hospital to open on Saturdays for checkups
Samsung Seoul Hospital said it will open on Saturdays for health checkups, allowing wider access for people who cannot spare time during weekdays. “Previously, people had to wait for about a couple of months in order to receive checkups after a reservation. But the Saturday openings will reduce the wait time dramatically,” the hospital said in a press release. “More companies are asking for checkups on their workers. They could surely use their Saturdays for checkups. It also allows people livin
TechnologyMarch 15, 2012
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EWUH signs patient referral pact with Vietnam
Ewha Womans University Hospital has signed a memorandum of understanding with the Vietnamese Embassy in Seoul on Wednesday to ensure that the patients referred from the Vietnamese government receive ample treatment at the hospital. At the signing of the contract were Kim Kwang-ho, head of the hospital, and Tran Trong Toan, the Vietnamese ambassador to Korea. The pact is expected to facilitate human resources exchange between the medical facilities in Vietnam and at EWUH. “I was impressed that th
TechnologyMarch 15, 2012
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U.S.: More work needed to stop smoking in young people
RICHMOND, Va. (AP) ― More work needs to be done to keep young Americans from using tobacco, including creating smoking bans and increasing taxes on tobacco products, the U.S. Surgeon General’s office said in a report released Thursday.Almost one in five high school-aged teens smokes, down from earlier decades, but the rate of decline has slowed, the report said.It says it’s particularly important to stop young people from using tobacco because those who start smoking as teenagers can increase th
TechnologyMarch 15, 2012
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Gastritis
Mr. K is 40 years of age, and recently experienced a digestive disturbance and felt pain at the epigastrium, or upper central region of the abdomen, after overeating. He also sometimes presented with such symptoms as vomiting or heart burn. He therefore visited a local clinic. Through an interview with Mr. K, the physician recognized the symptoms and performed an abdominal examination. This was followed by a gastric X-ray, where it was found that Mr. K had no serious problems such as an ulcer or
TechnologyMarch 15, 2012
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Making meat in your diet history
More Koreans turn vegetarian though skepticism remains about its health effectsThirty-two-year-old office worker Kim Jin-ee recently decided to become a vegan. She removed all meat, milk, fish and eggs from her fridge to start. It was not her first time trying out a vegetable-oriented diet. She tried a couple of years ago, but failed. “People around haven’t been too generous with vegetarians. The company dinners were all about meat or sashimi, and everywhere you go you would have more than one o
TechnologyMarch 15, 2012
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Handset makers, telecom carriers slapped for deceptive pricing
SKT fined the largest amount of 20.25 billion won The nation’s antitrust watchdog said Thursday that it imposed fines totaling 45.33 billion won ($39 million)on local handset makers and telecom carriers for inflating cell phone prices via a deceptive pricing policy. According to the Fair Trade Commi
IndustryMarch 15, 2012
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Handset makers, carriers fined for deceptive pricing
The nation’s antitrust watchdog said Thursday that it imposed fines totaling 45.33 billion won ($39 million) on local handset makers and telecom carriers for inflating cell phone prices via a deceptive pricing policy. According to the Fair Trade Commission, almost all the major players in the telecom market have colluded to inflate the prices of cell phones for years while advertising that they were offering cheaper deals through subsidy plans. SK Telecom was fined with the largest amount of 20.
IndustryMarch 15, 2012
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Korea to set up $500m fund for industrial plant building
Korea will establish a $500 million industrial plant building fund to help local builders win overseas contracts, the government said Thursday.The plan, outlined at a weekly economic policymakers meeting, calls for the pooling of money from local pension operators and Middle East sovereign funds so Korean engineering and construction companies can better secure new deals.“Since construction projects are becoming bigger, value-added and high risk ventures, the ability of builders to come up with
IndustryMarch 15, 2012
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Korea’s jobless rate lowest in OECD
Korea’s unemployment rate was the lowest among the 34 leading industrialized economies for the sixth consecutive month in January, a report showed on Thursday.The Organization for Economic Cooperation and Development report said Korea’s jobless rate moved between the 3.1 percent to 3.3 percent range from August to January.In January, the jobless rate of Asia’s fourth-largest economy reached 3.2 percent, or 5 percentage points lower than the OECD’s average.The latest report showed double-digit un
March 15, 2012