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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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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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GS’s Huh calls for crisis management
GS Group chairman Huh Chang-soo on Wednesday urged company executives to innovate and challenge growth fields to triumph over escalating economic turmoil.“Frontrunners in every industry have established an innovative and distinct business structure with no exception,” Huh said. “When the storm clear
IndustryOct. 19, 2011
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Samsung, Google unveil Galaxy Nexus
New Android-powered phone to compete with Apple’s iPhone 4SHONG KONG ― Samsung Electronics and Google Inc. unveiled the first smartphone running on the Android’s latest mobile operating system at a global launch event in Hong Kong on Wednesday.“We’re very excited to be introducing our next-generatio
IndustryOct. 19, 2011
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Regulators pile more pressure on ‘corporate greed’
Financial firms rebut mounting criticism over compensationKorea’s financial regulators continued their push to force the local financial industry to shape up, but changed their tone, mindful of excessive meddling in the private sector.The industry is under fire for getting away with large paychecks
Oct. 19, 2011
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Seoul shares up 0.93% on eurozone hopes
South Korean stocks closed 0.93 percent higher on Wednesday as pensions and retail investors snapped up shares on hopes an increased eurozone rescue fund would help the region move closer to a debt crisis resolution, analysts said. The local currency shot up against the U.S. dollar.After swerving in
Oct. 19, 2011
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Credit card firms rage over further commission cut plan
SEOUL, Oct. 19 (Yonhap) -- South Korean credit card companies on Wednesday voiced strong opposition to the ruling party's move to unify their commission rates on retailers of different industries and sizes.On Tuesday, Grand National Party leader Hong Joon-pyo tabled a bill that would ban card firms
Oct. 19, 2011
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UK taxi driver becomes first mummy for 3,000 years
A former British taxi driver has become the first person in the world for 3,000 years to be mummified in the same way as the pharaohs. Channel Four viewers will see Alan Billis turned into a mummy over the space of a few months as his body is preserved using the techniques which the ancient Egyptian
TechnologyOct. 19, 2011
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US woman shocked by $200,000 cell phone bill
MIAMI (AP) -- A Florida woman got a shock when she opened a recent mobile phone bill: she owed $201,000.It was no mistake.Celina Aarons has her two brothers on her plan. They are deaf and cannot speak, so the easiest way for them to communicate is by texting. Normally, that's not a problem. Aarons h
TechnologyOct. 19, 2011
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Samsung wins dismissal of some apple smartphone patent claims in U.S. suit
Samsung Electronics Co. won dismissal of some of Apple Inc. (AAPL)’s claims over smartphone patents in a lawsuit in federal court in California. The iPhone maker’s claims that Samsung misrepresented its intent to license certain patents on fair terms was dismissed and Samsung’s request to throw out
IndustryOct. 19, 2011
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Financial firms refute growing backlash on excessive greed
South Korean financial firms on Wednesday rebutted rising public criticism of their large paychecks and high profit margins as the ongoing "Occupy" protests in the United States and elsewhere fueled local anger about corporate greed. (Yonhap News)Following the start of the "Occupy Wall Street" movem
Oct. 19, 2011
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Study: Vaccine reduces malaria in African children
ATLANTA (AP) — The quest for the world's first malaria vaccine appears to have taken a big step: A study in Africa shows experimental shots cut the risk of disease in young children by half.The initial results from a final stage of vaccine testing were released Tuesday, and the vaccine's devel
TechnologyOct. 19, 2011
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Samsung heir, Apple chief discuss long-term parts cooperation
As Samsung Electronics Co. and Apple Inc. wage legal battles across the world, two of their top executives have met to discuss long-term parts cooperation and maintaining existing partnerships. (Yonhap News)Lee Jae-yong, chief operating officer (COO) of Samsung Electronics said Wednesday he had disc
TechnologyOct. 19, 2011
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S. Korea, Japan to discuss expansion of currency swap line
SEOUL, Oct. 18 (Yonhap) -- Leaders of South Korea and Japan plan to discuss the expansion of the won-yen swap line in an effort to stabilize the two financial markets, the Seoul government said Tuesday.South Korean President Lee Myung-bak was to hold a summit with Japanese Prime Minister Yoshihiko N
Oct. 19, 2011
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S. Korea, Brazil agree to boost trade, investment
SEOUL, Oct. 19 (Yonhap) -- South Korea and Brazil have agreed to expand their bilateral trade and investment as part of efforts to boost their overall economic cooperation, officials said Wednesday. The countries also shared the view that they and other emerging countries should keep their fiscal he
Oct. 19, 2011
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Korea’s financial market fast stabilizing
Fear indicator down, KOSPI makes back recent lossesSouth Korea’s financial markets have been shifting back to normal faster than earlier predicted after suffering a series of shocks sparked last month by fears of a global recession. Investment sentiment, though still cautious, is turning positive at
Oct. 18, 2011
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Kia’s Soul dominates N. America’s boxy hatchback market
Kia Motors Corp., South Korea’s second-largest automaker, said Tuesday that its Soul box-type hatchback is dominating rivals in the North American market for the third year in a row.The Soul compact that hit the U.S. and Canadian markets in 2009 has been the best-selling car in both countries since
IndustryOct. 18, 2011
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FTA levels playing field for U.S. car makers in Korea: Kirk
WASHINGTON (Yonhap News) ― U.S. Trade Representative Ron Kirk said Monday that a free trade agreement with South Korea, approved by Congress last week, will enable South Koreans to buy American cars “at an affordable price” and reaffirmed a plan to renew a push for opening South Korea’s beef market
IndustryOct. 18, 2011
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Trade surplus with 5 FTA partners more than doubles
South Korea saw its trade surplus with five economic entities with which it has free trade agreements more than double last year, as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry, South Korea logged a combined
Oct. 18, 2011
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SK unit to export naphtha tech to China
SK Innovation, Korea’s top refiner, said Tuesday it has clinched a deal with China’s Yanchang Petroleum Corp. to export its catalyst technology used to break down naphtha. First developed by SK and the Korea Research Institute of Chemical Technology in 2008, the Advanced Catalytic Olefins process al
IndustryOct. 18, 2011
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Samsung boosts smartphone clout
Tech giant to unveil Galaxy Nexus in Hong Kong this WednesdaySamsung Electronics is moving to further expand its market share in smartphones, while continuing its patent fight against rival Apple Inc.On Wednesday Samsung is to unveil a new smartphone dubbed the “Galaxy Nexus,” which will run on the
TechnologyOct. 18, 2011
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Seoul shares fall 1.41 percent on fading eurozone optimism
South Korean stocks closed 1.41 percent lower on Tuesday as remarks from Germany dampened investor hopes on the eurozone debt crisis resolution ahead of a European Union summit later this week, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI slumped 26.28 points to
Oct. 18, 2011