Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Global IT gurus search for Korean partnerships
Top executives of U.S. companies make successive visits for cooperationNovember has been an especially busy month for the local IT industry with a number of IT gurus from the U.S. visiting Korea, intending to devise business plans for next year.The visits started with Eric Schmidt, chairman of Google Inc., who arrived for the second time in Seoul since 2007, followed by Qualcomm chairman Paul Jacobs and Microsoft International’s president Jean-Philippe Courtois later in the month.The government,
TechnologyNov. 29, 2011
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Kim nominated to head life insurers’ association
Kim Gyu-bok, a former chairman & CEO of the Korea Credit Guarantee Fund, has been nominated as the only candidate for chairman of Korea Life Insurance Association.The 60-year-old, who is expected to replace the current KLIA chairman Lee Woo-chul, will be appointed to the post on Dec. 5, according to the life insurance lobby.Born in 1951 in Gimhae, South Gyeongsang Province, Kim graduated from Seoul National University and University of Pennsylvania.He had mostly served in government as a public
Nov. 29, 2011
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Hyundai charity to back startup hopefuls
Asan Sharing Foundation, a charity founded by Hyundai Heavy Industries and its affiliates, launched an institution on Tuesday in Seoul to help nurture young entrepreneurs.The institution is the maiden project for the charity, which was set up last month by Hyundai Heavy’s largest stakeholder, Rep. Chung Mong-joon of the ruling Grand National Party, and chiefs of the shipbuilder’s affiliates with 500 billion won ($435.8 million). Asan is the pen name of late Hyundai Group founder Chung Ju-yung.Lo
IndustryNov. 29, 2011
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FSC staff opposed chief on Lone Star ruling
Financial Services Commission chief Kim Seok-dong pushed ahead with the decision to impose a “mild sanction” on Lone Star Funds despite some working-level officials’ resistance, financial sources said.The sources said Kim finalized the heated issue on how to sanction the U.S. buyout fund, convicted of stock manipulation, despite reluctance among a group of investigators in the FSC.“I have found that the staff were unwilling to (issue a light sanction),” a former high-ranking official of the FSC
Nov. 29, 2011
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Hanwha Pharma awarded “Best Family Friendly Management” by gender ministry
Hanwha Pharma Co. was recognized as a “Best Family Friendly Management” company by the Ministry of Gender Equality and Family Affairs on Nov. 22.The company is the first small to medium-sized pharmaceutical firm to be awarded such an accreditation.The “Best Family Friendly Management” award is given
TechnologyNov. 29, 2011
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Australian air safety bureau probes smoking iPhone
Australia's aviation safety watchdog said Tuesday it was investigating after an Apple iPhone apparently began glowing red and emitting smoke after a flight to Sydney last week.Australian carrier Regional Express (Rex) said a passenger's mobile "started emitting a significant amount of dense smoke, a
TechnologyNov. 29, 2011
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S. Korea revises key inflation index
South Korea's state-run statistics office said Tuesday that it has overhauled the composition and calculation of its consumer price index, a key gauge of the country's inflation, in order to better reflect price trends of key items.Statistics Korea said it changed the base year for the calculation o
Nov. 29, 2011
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Creative thinkers more likely to cheat
TechnologyNov. 29, 2011
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First CJD death reported in Korea
(Yonhap News)The Korea Centers for Diseases Control and Prevention on Tuesday confirmed the first death from Creutzfeldt-Jakob disease here.Authorities stressed that the strain of the disease was different from variant CJD, which is known to spread to people who eat beef infected with bovine
TechnologyNov. 29, 2011
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Kindle sales quadrupled on Black Friday: Amazon
Online retailing giant Amazon said Monday that sales of its Kindle e-readers and tablets quadrupled on Black Friday over the previous year's annual pre-Christmas national shopping orgy.The company gave no specific data on Kindle sales last Friday, but said its new tablet computer, the Kindle F
TechnologyNov. 29, 2011
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Groupon Korea fined for posting deceptive reviews
South Korea's antitrust watchdog said Monday that it has fined Groupon Inc.'s Korean office for posting fake reviews and for fabricating the number of products sold.An employee at Groupon Korea wrote 147 reviews of products on the Groupon Web site pretending to be a customer who purchased and used t
IndustryNov. 28, 2011
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Samsung rolls out Galaxy Note
Samsung Electronics rolled out the new smart device Galaxy Note, which has characteristics of both smartphones and tablet PCs, in Seoul on Monday.The local electronics giant also unveiled two other gadgets in its Galaxy series ― the Galaxy Nexus smartphone and the Galaxy Tab 8.9 LTE.The gadgets were previously introduced at global events like the IFA electronics trade show in Berlin, but the 5.3-inch Galaxy Note and the Galaxy Tab 8.9 released here could run on the fourth-generation communicatio
IndustryNov. 28, 2011
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Korea braces for electricity shortage
Lee leads drive to avert possible blackouts in winterPresident Lee Myung-bak on Monday stressed the need for public participation in the government’s drive to save electricity as the nation braces for power shortages this winter.He urged Koreans to lower thermostat settings, switch off unneeded lights and install energy-efficient appliances in their homes and offices. “Although the government has drawn up measures to cope with the looming electricity crunch, I’d like to make an urgent request fo
Nov. 28, 2011
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OECD cuts S. Korea's economic growth forecast for 2012
South Korea's economy is expected to grow at a slower pace next year than previously anticipated largely due to a slowdown in global trade and weak domestic demand, the Organization for Economic Cooperation and Development said Monday.In its latest outlook for Korea, the Paris-based organization pre
Nov. 28, 2011
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‘Kakao Talk most popular app in Korea’
Mobile messenger Kakao Talk is the most frequently used Android app in South Korea, Nielsen said on Monday. The survey by Nielsen, an insights and analytics provider, showed that 92.8 percent of Android-based smartphone users here used Kakao Talk, developed by a Korean firm, at least once in the Aug-Sept. period.Coming behind were Google Android Market (88.6 percent), Google Map (53.3 percent) and Naver (52.6 percent). U.S. users data revealed a different pattern as Android Market topped the lis
TechnologyNov. 28, 2011
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Amore Pacific to build new facilities in Shanghai
Amore Pacific on Monday held a groundbreaking ceremony for its new production and research facilities in Shanghai, which the company said will boost its efforts to expand Chinese business. The cosmetics company says it plans to renovate its existing production center, which opened in 2002, and build new facilities on the 92,788 square-meter site in Jiading District, northwestern Shanghai. When construction is completed in March 2013, the facilities will be the largest in China established by a K
IndustryNov. 28, 2011
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Hyundai, Kia tapped as top automotive brands in U.S.
Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two largest carmakers, have been tapped as top automotive brands in the U.S. market, industry sources said Monday.Hyundai and Kia both received “A-plus” marks from TrueCar.com in the latest Grades for Manufacturers and Brands review, they said, adding only Jeep received the same high marks in the monthly evaluation by the U.S. automotive solutions and information provider.Japanese carmakers such as Honda and Subaru received the
MobilityNov. 28, 2011
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Nexon slammed over security measures
Nexon on Monday announced a plan to strengthen security measures against hacking, but faced a public backlash after a massive leak of personal information of millions of users. On Thursday, the company found that its massively multiplayer online role playing game “Maple Story” had had its backup server hacked and the information of 13.2 million of the 18 million registered users had been stolen.This is the third-largest case of its kind in the three months since the biggest-ever hacking case in
IndustryNov. 28, 2011
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‘Korea to seek sustainable growth’
Finance Minister Bahk says greater uncertainty calls for long-term policy measuresKorea’s finance minister said on Monday the government will focus on revitalizing the economy and pushing for sustainable growth next year. Finance Minister Bahk Jae-wan said in a meeting with the heads of think tanks that the global sovereign debt crisis is generating high volatility and low growth, which will continue for a considerable period of time. Bahk’s remarks come as the Korean economy is confronting a sl
Nov. 28, 2011
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Cable TV operators stop relaying terrestrial TV programs
Local cable TV system operators on Monday stopped relaying high-definition programs from terrestrial TVs to households nationwide after negotiations over the cost of digital broadcasting retransmissions broke down.They replaced the HD programs with lower-level standard-definition programs, causing i
Nov. 28, 2011