Most Popular
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S. Koreans' happiness rising slowly but surely: presidential panel
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No. of depression patients exceeds 1m in 2022
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Seoul subway fare to rise 12% beginning Saturday
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Races tighten in Seoul as parties battle for Assembly control
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Korean Air to submit new merger plan to ease antitrust concerns
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6-year-old Uzbek girl found dead in Daegu
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US House votes to remove Speaker Kevin McCarthy
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US calls on China to encourage N. Korea's return to diplomacy
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Korea to begin experiment with central bank digital currency
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22 Chinese apprehended after illegal entry attempt
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KRIHS, World Bank sign deal for urban development
Korea Research Institute for Human Settlements President Park Yang-ho (right) and the World Bank Group’s manager of the urban development unit Abha Joshi-Ghani, after signing an agreement to exchange resources on sustainable urbanization. (KRIHS)The Korea Research Institute for Human Settlements, a state-run think tank, said Thursday it has forged an agreement with the World Bank Group to share re
IndustryJuly 7, 2011
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FTA to cut cosmetics, medical prices
Competition is set to become intense between cosmetics and medical equipment firms in Korea and the European Union after the two regions’ free trade agreement came into effect on July 1.Though it will take up to seven years until all the tariffs are eliminated, Korean manufacturers are stoking fears that cheaper European products will erode their competitiveness in the market.European leaders, on
IndustryJuly 7, 2011
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FSS wants savings banks to offer more micro-loans
Financial regulators plan to activate micro-loan issuances to individuals from the savings banking industry by curbing excessive competition among credit card companies.The plan comes as credit card issuers have been vying to issue loans despite customers’ low credit standings.“Though the savings banking industry has been severely damaged due to construction-related toxic loans, there are still ma
July 7, 2011
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‘Apple to unveil new iPhone in third quarter’
Shoppers enter the Apple Inc. Store on Fifth Avenue in New York. (Bloomberg)NEW YORK (AFP) ― Apple plans to launch its next-generation iPhone during the third quarter of the year, The Wall Street Journal reported on Wednesday.The newspaper, citing “people familiar with the situation,” said Apple has placed orders for key components to used in the new version of the iPhone and that it would be thin
IndustryJuly 7, 2011
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Auto industry on hiring spree in U.S.
In two years since brush with death, auto industry has added jobs faster than rest of economyDETROIT (AP) ― Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.Two years after the end of the Great Recession, the auto industry is hiring
IndustryJuly 7, 2011
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LG Electronics cuts smartphone target by 20 pct
LG Electronics Inc., the world's third-largest maker of mobile phones, said Thursday that it expects to sell 24 million smartphones this year, 20 percent fewer than its earlier target, as competition in the lucrative handset market intensifies.The reduced sales target may complicate LG's efforts to revive its money-losing mobile business, which is expected to report a fifth straight quarterly loss
IndustryJuly 7, 2011
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Gene tied to relapse of breast cancer
A group of doctors here have found a gene that could detect the possible recurrence of breast cancer. If cancer treatment is effective, recurrence remains a major threat. The finding could contribute to improved treatment for breast cancer, Prof. Kim Lee-su of Hallym University said.When there are cancer cells, and when teh cancer spreads to the lymph nodes, normal cells’ production of αB-Crystall
TechnologyJuly 7, 2011
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CAU hospital seeks test candidates
Chung Ang University Hospital is looking for candidates for a clinical test of its asthma treatment. Those applying should have been diagnosed with asthma before they reached 40 years of age. They should be either non-smokers or those who have quit mild smoking (less than 10 packets of cigarettes a year) for more than a year. The candidates must be taking steroids.Those selected will be able to ge
TechnologyJuly 7, 2011
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Vocal cord nodules hit mostly women
The majority of people suffering from vocal cord nodules are female, especially teachers, the National Health Insurance Corporation said Monday. According to its report, 91,430 women were treated for vocal cord nodules in 2010, far outnumbering the 49,317 men who received treatment.The number of patients receiving treatment each year has steadily increased: from 123,000 in 2006 to 141,000 in 2010.
TechnologyJuly 7, 2011
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Radiation therapy: significance of proton therapy
Pyo Hong-ryullRadiation therapy, together with surgery and chemotherapy, has become one of the three most commonly used methods for treating cancer today. Since the discovery of X-ray, many improvements ― such as the linear accelerator (LINAC), 3-Dimensional conformal radiotherapy and intensity modulated radiation therapy (IMRT) ― have been seen in the field of radiotherapy. Proton therapy can be
TechnologyJuly 7, 2011
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How to exercise during rainy season
The official jangma, or rainy season, has reached its peak with up to 200 millimeters of rainfall pounding the nation throughout the week. Heavy rain like this will be a disappointment for most joggers and outdoor activity fanatics. Some people enjoy exercise in the rain but doctors advise people to keep to indoor activities. Dr. Park Won-ha of Samsung Medical Center suggested ways to enjoy safe e
TechnologyJuly 7, 2011
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Heart disease is No. 1 killer, can sneak up on women: report
WASHINGTON (AP) ― Heart disease can sneak up on women in ways that standard cardiac tests can miss.It’s part of a puzzling gender gap: Women tend to have different heart attack symptoms than men. They’re more likely to die in the year after a first heart attack.In fact, more than 40 percent of women still don’t realize that heart disease is the No. 1 female killer. One in 30 women’s deaths in 2007
TechnologyJuly 7, 2011
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SKT, STX bid for Hynix
SK Telecom and STX Group have submitted letters of intent to acquire Hynix Semiconductor.Friday marked the deadline for a sale broker’s receiving LOIs for a 15 percent stake, whose value ranges between 2.34 trillion won ($2.18 billion) between 2.74 trillion won, in the world’s 2nd-largest semiconductor firm.According to industry sources, SK Telecom has the strong willingness that it “would not los
IndustryJuly 7, 2011
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KCC likely to bid in Hynix on Hyundai’s behalf
STX Group also continues to express interest to the last minute By Kim Ji-hyun and Choi He-suk KCC Corp., a member of Hyundai’s sprawling industrial empire, may submit its letter of intent for a stake in Hynix Semiconductor, industry sources said on Thursday. Reports of KCC’s intention to participate in the bidding came shortly after Hyundai Heavy Industries said it would not be participating in
TechnologyJuly 7, 2011
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Iceland's Hekla volcano shows signs of activity
A cloud of ashes billows from the Puyehue volcano near Osorno, 870 km south of Santiago, on June 15. (AFP-Yonhap News)REYKJAVIK, Iceland (AP) -- Scientists are monitoring unusual underground activity that could signal an eruption at the Hekla volcano in southern Iceland.University of Iceland geophysicist Pall Einarsson said Wednesday that magma appears to be moving deep beneath the volcano. He say
TechnologyJuly 7, 2011
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Three global firms bid for E-Mart Chinese operations
By Cho Ji-hyunThree well-known global companies are taking part in the bid for E-Mart’s Chinese operations, according to a U.K.-based company specializing in information on M&As.Mergermarket, an independent mergers and acquisitions intelligence service, told The Korea Herald that Wal-Mart, Tesco and Ren Ren Le are most likely in line to take over E-Mart’s Shanghai operations and that the players w
IndustryJuly 7, 2011
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Corporate Korea efforts for PyeongChang paid off
The collective effort from the local corporate sector played a pivotal role in giving PyeongChang its long-coveted wish of hosting the 2018 Winter Olympics. ####CaptionIOC member and Samsung Group chief Lee Kun-hee (front) and Bid Committee and Hanjin Group chairman Cho Yang-ho visit the Durban Riverside Hotel on Monday, where the Korean delegation is staying to promote PyeongChang’s bid to host t
IndustryJuly 7, 2011
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Four major banks under probe over irregular lending
The nation’s top financial regulator is investigating four major commercial banks in connection with lending irregularities, banking sources said Wednesday.Kookmin, Woori, Shinhan and Hana banks are suspected of forcing borrowers to buy their financial products including time deposits, pension and insurance in exchange for lending, they said.The Financial Supervisory Service has recently completed
July 6, 2011
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SC First Bank punished for illegal metal loan service
Korea's financial watchdog said it has decided to penalize SC First Bank for its violations of local banking laws such as the illegal handling of metal loan services to corporate customers. The Financial Supervisory Service (FSS) said it will impose fines worth 4.5 million won ($4,225) and punish 41 officials of the Korean unit of Standard Chartered Plc after the bank violated regulations on metal
July 6, 2011
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Goldman Sachs faces probe over fraud charges
Prosecutors are investigating Goldman Sachs Group on allegations that the investment bank defrauded local insurers Heungkuk Life Insurance and Heungkuk Fire & Marine Insurance.The Seoul Central District Prosecutor’s Office said Wednesday it was taking on complaints by the two insurers that the U.S. investment bank sold a high risk, high yielding investment product known as collateralized debt obli
July 6, 2011
