Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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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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Sales at supermarkets drop in September
Sales at South Korea’s major discount chains dropped from a year earlier last month, reflecting a worsening consumer sentiment in the wake of a possible global economic slowdown, the government said Monday.Sales at the country’s three major discount chains slipped 1.1 percent from the same period la
Oct. 17, 2011
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FSC may expedite KEB stake sale
Regulator could order sale at extra panel meetingThe Financial Services Commission has decided to speed up procedures to order Lone Star Funds, convicted of stock manipulation, to sell a large portion of its stake in Korea Exchange Bank.The financial regulator is likely to order the U.S. buyout fund
Oct. 17, 2011
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Suspected hacker in Hyundai Capital incident arrested in Philippines
SEOUL, Oct. 17 (Yonhap) -- A suspected hacker wanted on suspicion of stealing customer data earlier this year from Hyundai Capital, an affiliate of South Korea's top automaker, has recently been arrested in the Philippines, police here said Monday.The 35-year-old man, identified only by his surname
IndustryOct. 17, 2011
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Premature babies 5 times more likely to be autistic: study
WASHINGTON, Oct 17, 2011 (AFP) - Babies who are born early and small are five times as likely as normal infants to develop autism, according to a two-decade-long US study released Monday.Premature babies have long been known to risk a host of health problems and cognitive delays, but the study in th
TechnologyOct. 17, 2011
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Disgraced Korean scientist unveils cloned coyotes
SEOUL, Oct 17, 2011 (AFP) - Disgraced South Korean stem cell scientist Hwang Woo-Suk unveiled eight cloned coyotes Monday in a project sponsored by a provincial government.Hwang delivered the clones to a wild animal shelter at Pyeongtaek, 50 kilometres (35 miles) south of Seoul, in a ceremony chaire
TechnologyOct. 17, 2011
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Regulator begins procedure of Lone Star's KEB sale
SEOUL, Oct. 17 (Yonhap) -- South Korea's financial regulator on Monday took the first administrative step toward ordering U.S. private buyout firm Lone Star Funds to sell the bulk of its controlling stake in Korea Exchange Bank (KEB).The Financial Services Commission (FSC) said in an e-mailed statem
Oct. 17, 2011
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Climate change downsizing fauna, flora: study
PARIS (AFP) -- Climate change is reducing the body size of many animal and plant species, including some which supply vital nutrition for more than a billion people already living near hunger's threshold, according to a study released Sunday.From micro-organisms to top predators, nearly 45 percent o
TechnologyOct. 17, 2011
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S&P to hold annual meeting in S. Korea
SEOUL, Oct. 17 (Yonhap) -- Global credit appraiser Standard & Poor's (S&P) will have its annual meeting with South Korean policymakers this week to assess the nation's overall economic situations and credit status, the finance ministry said Monday.A delegation led by Kim Eng Tan, S&P's senior direct
Oct. 17, 2011
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Samsung files suits against Apple in Japan, Australia
SEOUL, Oct. 17 (Yonhap) -- Samsung Electronics Co. said Monday that it asked judges in Japan and Australia to temporarily ban sales of the iPhone 4S, accusing Apple Inc. of violating its mobile and user interface patents.In Japan, Samsung is also seeking to win a court injunction on the iPad 2
IndustryOct. 17, 2011
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Korean firms' direct financing slips in Sept.
SEOUL, Oct. 17 (Yonhap) -- South Korean companies' direct financing marginally declined in September from a month earlier as companies scaled back their debt sales, the financial watchdog said Monday.Local firms raised 10.4 trillion won (US$9 billion) by issuing stocks and bonds last month, down 27.
IndustryOct. 17, 2011
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Exports of Hyundai's Equus luxury sedan surge
SEOUL, Oct. 17 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. said Monday that exports of its flagship Equus passenger car have surged thanks to its globally competitive performance.The carmaker said overseas sales of its second generation Equus that was first launched in March 2009 reach
MobilityOct. 17, 2011
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S. Korean firms face cash crunch amid financial turmoil
SEOUL, Oct. 17 (Yonhap) -- The bulk of South Korea's large companies are confronted with worsening liquidity conditions as a result of global economic uncertainty, data showed Monday.The annual excess cash flow forecast of 83 listed companies reached 43 trillion won (US$37 billion), nearly halving f
IndustryOct. 17, 2011
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Tesco-Homeplus Academy to nurture global retail leaders
INCHEON ― The Tesco-Homeplus Academy will offer the highest standard of retail education programs, Homeplus CEO Lee Seung-han said Friday, celebrating the 100th day of the employee training institute in Korea. Homeplus, the nation’s No. 2 supermarket chain, started in 1999 as a joint venture between
IndustryOct. 16, 2011
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SK to work with Chinese company on depression meds
SK Biopharmaceuticals Co. announced Sunday that it signed a licensing deal with a Chinese pharmaceuticals maker on a potential treatment for depression and bipolar disorder. Established in April, SK Biopharmaceuticals is a subsidiary of the SK Group’s holdings company SK Corp. Under the contract, SK
IndustryOct. 16, 2011
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High-level meeting on desert expansion opens in Changwon
The United Nations Convention to Combat Desertification said on Sunday it will hold an official ceremony on Monday, an event that comes seven days after the opening ceremony of its 10th Conference of the Parties to the UNCCD.Under the theme “Care for Land, Land for Life,” senior officials from gover
Oct. 16, 2011
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Mobile Web surfing gains momentum among Korean users
The red-hot boom of smartphones in South Korea is reshaping the way people surf the Web, heralding changes in the cyberspace in favor of greater mobile access rather than conventional media such as desktop and laptop computers. The proportion of those accessing major Korean portals and social networ
TechnologyOct. 16, 2011
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Firms develop ‘socially responsible’ products
Maeil, CJ, Amore Pacific make special products for minorities as part of CSRChung Hye-jin discovered her baby daughter had phenylketonuria, or PKU, 12 years ago. The rare disease affects only one in 60,000 babies here. In order to avoid damage to the brain, people with PKU should adhere to a strict
IndustryOct. 16, 2011
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Korea to send mobile alerts in case of power shortage
South Korea’s state-run power company said Sunday that it will send mobile text messages to the public in the event of low electricity reserves in a bid to swiftly alert people to potential power outages.The move comes one month after the country was caught off guard by one of the worst power cuts i
IndustryOct. 16, 2011
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Banks’ overseas earnings double in H1
South Korean lenders saw their combined net profit from overseas operations grow more than two-fold in the first half from a year earlier on the back of increased interest income, the financial regulator said Sunday.Net income by 131 overseas units and branches managed by 11 local banks reached $429
Oct. 16, 2011
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Global efforts on eurozone crisis to help stock market
South Korean shares are expected to gain some ground this week as the international community moves to resolve the eurozone crisis, analysts said Saturday.The forecast comes as the benchmark KOSPI closed at 1,835.40 on Friday, up 75.63 points, or 4.3 percent, from a week earlier. The index had risen
Oct. 16, 2011