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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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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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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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
IndustryOct. 9, 2011
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Korean stock market expected to outperform Asian peers
South Korea‘s stock market is expected to outperform other Asian markets thanks to its strong manufacturing sector amid growing uncertainties over the global economy, an expert said Friday.South Korea’s equity market has been volatile in recent sessions amid lingering woes over the debt crisis in Eu
Oct. 9, 2011
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Banks face fines for irregular lending cases
Customers pressed to buy financial products in return for loansThe Financial Supervisory Service is set to levy penalties on several banks for habitual irregular loan issuances which burdened borrowers.The banks to face sanctions will likely include Industrial Bank of Korea, according to recent rema
Oct. 9, 2011
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A plastic box that meets global demands
Lock&Lock aims to become global No. 1 in airtight containers by 2013This is the fourth installment of a series that spotlights Korean products enjoyed by people abroad. ― Ed. In June 2002 many foreigners, including college students, visited the country to watch the World Cup soccer
IndustryOct. 9, 2011
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BMW strives to enlarge Mini market with coupe
Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his
MobilityOct. 9, 2011
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Hyundai SUV picked as testbed for European fuel cell undertaking
Hyundai Motor Co.’s Tucson ix has been selected as the sole fuel cell testbed vehicle for Europe, Hyundai Motor Group said last week.The automotive group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection by the European Union parliament showcases the competitiveness
MobilityOct. 9, 2011
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Zions Bank sued in Utah over ‘unconscionable’ fees
SALT LAKE CITY (AP) -- A customer who says Zions Bank makes it difficult -- if not impossible -- to avoid overdraft fees has filed a lawsuit in federal court, making the Utah bank one of dozens whose extra charges have triggered lawsuits from angry consumers.The lawsuit, which seeks class-action sta
Oct. 9, 2011
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Fitch downgrades Italian, Spanish debt ratings
ROME (AP) — The Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing high debt and poor prospects for growth.Separately, Fitch also said it was keeping Portugal‘s debt rating on watch for a poss
Oct. 9, 2011
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Economy adds 103,000 jobs, but it’s not enough
Hiring improves in September as nation adds 103,000 jobs, but it will take more to end crisis WASHINGTON (AP) -- The jobs crisis isn’t getting worse. But it isn’t getting much better, either.The economy added just enough jobs last month to ease fears of a new recession. But hiring is still too weak
Oct. 9, 2011
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GM streamlines Volt plant, delays 2nd shift
DETROIT (AP) -- General Motors Co. is delaying plans to add a second shift at the factory that makes Chevrolet Volt electric cars.The company said Friday it has found ways to make one shift more efficient, so it can produce the same number of cars as two shifts.Spokesman Chris Lee says GM still will
Oct. 9, 2011
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Hyundai helps turn Inner Mongolian desert into grassland
South Korea’s largest carmaker Hyundai Motor Co. said Sunday that it has helped transform 30 square kilometers of desert in Inner Mongolia into grassland as part of its global eco-conservation effort.The company started planting suaeda glauca, or seepweeds, in the Chakanor district of the Kunshantag
IndustryOct. 9, 2011
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Korea seeks to export river restoration technology
Four-river restoration project opponents changing their tune after seeing improvements: ShimFor the last three years, the Lee Myung-bak government has been struggling to convince its own people of the worthiness of its multi-billion-dollar project to modify the country’s four largest river basins. B
Oct. 9, 2011
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Samsung, Google delay product debut citing Jobs’ death
Google Inc. and Samsung Electronics Co. delayed a new product introduction scheduled for an Oct. 11 trade show after the death of Apple Inc. co-founder Steve Jobs.Samsung sent out invitations last month announcing an event in San Diego that would include a look at what’s new for Google’s Android, so
TechnologyOct. 9, 2011
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U.N. opens desertification forum in Changwon
The first U.N. meeting to combat desertification to be held in Korea will focus on defining standards to measure progression of land degradation, a step essential to boost international support and funding, the United Nations Convention to Combat Desertification said.The UNCCD said that starting Mon
IndustryOct. 9, 2011
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Consumer borrowing dropped $9.5 billion in August
WASHINGTON (AP) -- Consumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.Fewer people used their credit cards. And a measure of demand for auto and student loans f
Oct. 9, 2011
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Wholesale stockpiles grew 0.4 percent in August
WASHINGTON (AP) -- Wholesale businesses increased their stockpiles of autos, computer equipment and heavy machinery in August, boosting inventories for a 20th straight month as their sales rose at the fastest pace in five months.The combination of rising sales and inventories should be a good sign f
Oct. 9, 2011
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Disney CEO Iger renewed through March 2015
LOS ANGELES (AP) -- Disney CEO Robert Iger will remain in his job through March 2015 and then serve as executive chairman for another 15 months to help break in a new chief executive, the company said Friday.The definite end to what will be a decade-long tenure suggests the eventual promotion of one
Oct. 9, 2011
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Merkel spells out how to bolster European banks
German Chancellor Merkel spells out how to bolster European banks amid the bloc’s debt crisis BERLIN (AP) -- German Chancellor Angela Merkel said Europe’s banks should look first to raise money in the private sector before turning to governments to bolster their financial cushions against potential
Oct. 9, 2011
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With smartphones, ordinary people can turn mundane life into cinema
BUSAN (Yonhap News) - Ordinary people presented iPhone-made shorts on the sidelines of the Busan International Film Festival over the weekend, demonstrating even a 12-year-old can venture into movie-making as the high-tech handset lowers the threshold. Despite featuring no film luminaries and drawin
TechnologyOct. 9, 2011
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Major KOSDAQ firms meet up with foreign investors
SINGAPORE -- The recent rout in the global financial market has amplified, among other things, the high volatility of the tech-heavy KOSDAQ stock market in South Korea, with many of its small and midsize firms’ shares varying wildly. Benjamin Ng, managing director of Whitefield Capital Manageme
Oct. 8, 2011