Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Hotel Skypark looks beyond Toyoko Inn
Newcomer aims to become Korea’s tourism-focused business hotel chainChoi Young-jae still reminisces about his days in the ‘90s as a sports reporter at a local daily, struggling to find an affordable place to stay when he traveled other parts of the country.That is exactly what has dragged the 53-year-old journalist-turned-entrepreneur into the hospitality industry, launching Hotel Skypark in Myeongdong, downtown Seoul last year.“I thought we could penetrate a niche market for those who feel bur
Oct. 23, 2011
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IMF sees Korea's debt will drop to pre-crisis level in 2012
SEOUL, Oct. 23 (Yonhap) -- The International Monetary Fund (MF) predicts South Korea's national debt is expected to fall to the level of before the 2008 global financial crisis in 2012, the finance ministry said Sunday.The ratio of South Korea's national debt to its gross domestic product (GDP) will
Oct. 23, 2011
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No reports yet of debris from falling satellite
In this undated artist rendering provided by EADS Astrium the scientific satellite ROSAT is seen. On Sunday, Oct. 23, 2011, between 1:45 UTC (3:45 CEST) and 2:15 UTC (4:15 CEST) ROSAT re-entered Earth's atmosphere. (AP-Yonhap News)BERLIN (AP) _ Scientists were trying to establish how and where a def
TechnologyOct. 23, 2011
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Imports of Japanese fisheries goods dip on radiation scare
SEOUL (Yonhap) -- South Korea's imports of Japanese fisheries products tumbled 37 percent on-year in the first nine months of this year in the wake of the March radiation leakage in the neighboring country, a report showed Sunday.South Korea imported 33,700 tons of fisheries goods from Japan in the
Oct. 23, 2011
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S. Korea’s growth rate to hover below inflation gain this year
SEOUL, Oct. 23 (Yonhap) -- South Korea’s economic growth rate is expected to fall below its inflation gain this year due mainly to sluggish exports and rising consumer prices, data showed Sunday.The average forecast of South Korea’s 2011 growth by 10 foreign investment banks came to 3.7 percent as o
Oct. 23, 2011
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Global population set to reach 7 billion this month
SEOUL, Oct. 23 (Yonhap) -- The world's population is expected to hit 7 billion by the end of this month, more than quadrupling from 100 years earlier, a report showed Sunday.According to the report by insurance giant Allianz Group, the planet's population is set to reach the new milestone at the end
Oct. 23, 2011
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EU summit likely to affect S. Korea's stock market direction next week
South Korean stocks stand to be affected by the outcome of next week's summit talks among European leaders as the fiscal debt crises in Greece and other eurozone countries still weigh on the overall market sentiment here, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI)
Oct. 22, 2011
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Korea soon to finalize currency swap expansion deal with China
The government will soon finalize the won-yuan swap expansion deal with Chinese authorities to boost the $26 billion currency swap currently in place, multiple sources at the Finance Ministry confirmed on Thursday. A senior ministry official said the expansion of the won-yuan swap was proposed by th
Oct. 21, 2011
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Samsung ahead of Apple in Q3 smartphone sales
Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, while Apple’s f
IndustryOct. 21, 2011
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Builders expect boom in orders after Gadhafi’s death
South Korean construction companies said Thursday that they expect a boom in construction business with the death of Moammar Gadhafi, which could end the civil war in the North African country.The death of the former Libyan leader, announced by Libya’s National Transitional Council, could mean the s
Oct. 21, 2011
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Latin America base for Korea to access U.S.
Korean construction and telecommunications companies have been growing business opportunities in Latin America to use the region as a strategic base to access the U.S. market, said the head of Inter-American Development Bank.“Logistics, and cost of transportation will come to play an important role
Oct. 21, 2011
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POSCO Q3 sales, profits increase
POSCO’s consolidated net profits for the third quarter of the year fell 78.4 percent from a year to 233 billion won ($203 million), the steelmaker said Friday.Over the same period, POSCO’s consolidated sales and operating profits respectively increased by 51.5 percent and 5.2 percent.The company att
IndustryOct. 21, 2011
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SC First sets out on early retirement
Lay-off may be extended to non-executive posts as bank struggles with extended strikeStandard Chartered First Bank Korea began speeding up its manpower restructuring, as unionized workers’ long-running walkout failed to garner wide support from the public.This week, the bank launched one-on-one talk
Oct. 21, 2011
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Shinhan Bank opens first branch in western China
HONG KONG (Yonhap News) – South Korea's second-largest lender Shinhan Bank said Friday it has opened its first branch in the western region of China, amid rapid economic growth recently witnessed in China's less developed region.Shinhan Bank said its twelfth Chinese branch opened in Changsha,
Oct. 21, 2011
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Hyundai Motor buys local life insurer
Hyundai Motor Group, South Korea's second-largest family-owned conglomerate, bought a local life insurer as it moves to expand in financial sector portfolio, business sources said Friday.Financial sources said that Hyundai secured Green Cross Life Insurance for 228.3 billion won ($198.3 million) fro
IndustryOct. 21, 2011
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No link to cancer in large-scale mobile phone study
PARIS (AFP) - The largest study of its kind found no link between long-term use of mobile phones and increased risk of brain tumours, the British Medical Journal (BMJ) reported on Friday.Danish researchers found no evidence of enhanced risk among more than 350,000 mobile-phone subscribers whose heal
TechnologyOct. 21, 2011
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Male-minded safety puts female drivers at risk: study
WASHINGTON (AFP) - Women are more likely to sustain injuries in an auto accident because safety features are designed more with men in mind, a study said Thursday.Combing through a decade of data about US motor vehicle accidents, three researchers found the odds of serious injury for female drivers
TechnologyOct. 21, 2011
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Samsung trumps Apple in Q3 smartphone sales
(Yonhap News)Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, wh
TechnologyOct. 21, 2011
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Satellite pieces may hit Earth on weekend
BERLIN (AP) -- Pieces of a retired German satellite hurtling toward the atmosphere may crash to earth this weekend, the German Aerospace Center said Thursday. Undated artist rendering provided by EADS Astrium shows the scientific satellite Rosat. The German Aerospace Center said the retired satellit
TechnologyOct. 21, 2011
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FTC to step up antitrust probe on large retailers
The Fair Trade Commission plans to intensify its crackdown on major department stores for alleged irregularities in transactions with smaller vendors, its top regulator said Thursday, exerting further pressure for retailers to cut commission fees.“We intend to look into details of dealings between d
IndustryOct. 20, 2011