Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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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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BOK freezes key rate at 3.25 percent for 4th month
SEOUL, Oct. 13 (Yonhap) -- South Korea's central bank held steady the key interest rate on Thursday for the fourth straight month as the global economic outlook remains dimmer and inflation growth eased.Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day
Oct. 13, 2011
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KORUS FTA big boon to S. Korean auto parts makers
SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected
IndustryOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in
IndustryOct. 13, 2011
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KEB sale to gather pace as Lone Star gives up appeal
SEOUL, Oct. 13 (Yonhap) -- Lone Star Funds' decision not to appeal a Seoul court verdict is expected to speed up the U.S. buyout fund's long-stalled plan to sell its controlling stake in Korea Exchange Bank (KEB), clearing legal uncertainties that have blocked the sale, market watchers said Thursday
IndustryOct. 13, 2011
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Apple wins ban on Samsung Galaxy Tab 10.1 sales in Australia
SYDNEY, Oct 13, 2011 (AFP) - US technology giant Apple on Thursday won a temporary ban on Samsung selling its Galaxy Tab 10.1 in Australia after launching legal action on the grounds that it copied Apple's top-selling iPad.The Federal Court handed down its long-awaited judgement in Sydney but said t
TechnologyOct. 13, 2011
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80 percent of US boys use condoms the first time
CHICAGO (AP) _ A surprising 80 percent of teenage boys say they are using condoms the first time they have sex, a government survey found in a powerful sign that decades of efforts to change young people's sexual behavior are taking hold.But another promising trend _ a drop since the 1980s in the nu
TechnologyOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ Sporadic outages of BlackBerry messaging and email service spread to the U.S. and Canada on Wednesday, as problems stretched into the third day for Europe, Asia, Latin America and Africa.Research In Motion Ltd., the Canadian company that makes the phones, said users in the Americas `
TechnologyOct. 12, 2011
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Samsung replaces smartphone feature to bypass Dutch ban
Samsung Electronics Co., the world's No. 2 mobile phone maker, said Wednesday that it has replaced a feature in its Galaxy smartphones to avoid a sales ban in the Netherlands.The company, which is locked in a series of legal battles with Apple Inc. over mobile patents and design, faced a sales ban i
TechnologyOct. 12, 2011
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Tax breaks to boost electric car sales
The government proposed on Wednesday tax cuts worth up to 4.2 million won ($3,600) for purchasers of electric vehicles, as part of its bid for next-generation transportation that is convenient, affordable and energy-efficient.Starting next year, all electric car buyers will receive a 5-percent reduc
IndustryOct. 12, 2011
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Ex-Lone Star Korea CEO appeals ruling
Paul Yoo, former CEO of Lone Star Korea, has appealed to the Supreme Court against Seoul High Court’s Oct. 6 verdict that he engaged in manipulation of Korean stocks in 2003.But the appeal is only related to his individual case and not the financial authorities’ ongoing probe into U.S.-based Lone St
Oct. 12, 2011
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Seoul shares end up 0.81% on brokerages, refiner gains
South Korean stocks finished 0.81 percent higher Wednesday as investors snapped up shares of brokerages and oil refiners, brushing off concerns over U.S. corporate earnings, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI added 14.48 points to close at 1,809.5, ext
Oct. 12, 2011
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NPS grows banking industry clout
Pension fund holds major stake in 4 financial groupsThe National Pension Service has expand its presence financial industry after regulators paved the way for the fund to increase its stake in commercial banks earlier this year.Experts are divided over the national pension fund’s active buying of sh
Oct. 12, 2011
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Breast cancer pinkwashing questioned
PITTSBURGH, Pennsylvania (AP) ― The country is awash in pink for breast cancer awareness month, and some women are sick of it.While no one is questioning the need to fight the deadly disease, some breast cancer activists are starting to ask whether one of the most successful charity campaigns in rec
TechnologyOct. 12, 2011
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Demand for smartphone DRAMs to spike
Demand for dynamic random access memory devices for smartphones are expected to outdo the overall DRAM market and post a triple-digit annual growth this year, an industry report said Wednesday.DRAM shipments in smartphone handsets are forecast to grow 164.4 percent in 2011 from last year, according
IndustryOct. 12, 2011
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Seoul to reduce rice production land
South Korea will continue to reduce its farming area for rice next year, the agriculture minister said Wednesday, despite earlier forecasts the country’s rice harvest this year will fall to the lowest level in 31 years. The government “plans to reduce the area for rice farming by 40,000 hectares nex
IndustryOct. 12, 2011
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Conglomerates help SMEs enter overseas markets
International expansion for SMEs emerges as new engine of shared growthShared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main economic policies.Many of the country’s largest businesses have taken up the cause and now operate a number
IndustryOct. 12, 2011
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Korea, EU agree on close cooperation
South Korea and the European Union agreed Wednesday to closely cooperate in economic policies amid uncertainties over the European debt crisis, Seoul’s Trade Ministry said.Both sides will also utilize the so-called Trade Committee as a consultation body for bilateral cooperation, according to the mi
Oct. 12, 2011
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Money supply accelerates, household loans slow: BOK
Korea’s money supply expanded at its fastest pace in five months in August and banks’ household loan growth slipped to an eight-month low in September, the Bank of Korea said on Wednesday.The data came ahead of the central bank’s rate-setting meeting slated for Thursday amid widespread expectations
Oct. 12, 2011
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FTC warns against fraud on social commerce sites
The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deals online, has grown rapidly into a 500 billion won market in Korea. FTC chairman Kim Dong-soo (Y
IndustryOct. 12, 2011
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ITU picks Busan for communications conference in 2014
The Korea Communications Commission announced Wednesday that the plenipotentiary conference of the International Telecommunication Union will be held in Busan in 2014.The meeting, which will be organized for three weeks from Oct. 20-Nov. 7, is a meeting launched every four years by the ITU, an organ
Oct. 12, 2011