Most Popular
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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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Some junior doctors are returning: Health Ministry
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[Robert J. Fouser] AI changes rationale for learning languages
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Woman dangling from power lines rescued by residents holding blanket
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Obama unveils plan to revive U.S. economy
WASHINGTON (AP) -- Barack Obama, looking to jolt both the U.S. economy and his presidency, proposed a $447 billion plan for creating jobs in a high-profile, nationally televised speech before Congress late Thursday.Obama, facing a tough re-election fight next year, looked to stem the eroding confide
Sept. 9, 2011
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Personal data of 800,000 Samsung Card customers may have been leaked
(Yonhap News) Samsung Card Co., South Korea's leading card firm, is suspected of having come under an online security breach that could have leaked about 800,000 customers' personal data, sources said Thursday. Samsung Card has asked the police to investigate an employee regarding the sus
BusinessSept. 9, 2011
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BOK holds key interest rate at 3.25%
The Bank of Korea kept the benchmark interest rate unchanged at 3.25 percent Thursday despite inflationary pressures, leaving it steady for the third consecutive month.The decision of the central bank’s Monetary Policy Committee reflected global uncertainty, including the eurozone debt crisis, BOK G
Sept. 8, 2011
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Korea to put anti-inflation, jobs on front burner
South Korea will put the top priority of its macroeconomic policy on taming inflation and boosting jobs as part of efforts to stabilize the livelihoods of ordinary working-class people, the Finance Ministry said Thursday.The ministry also said it will carry out its macroeconomic policy in a “flexibl
Sept. 8, 2011
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Daewoo Shipbuilding to employ, train high school graduates
Daewoo Shipbuilding and Marine Engineering Co. announced Thursday it will set up an institute for training high school graduates.The company said that the institution, which will be headed by the company’s chief technology officer Lee Yeong-man, will put high school graduates through a four-year tra
IndustrySept. 8, 2011
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Daewoo International buys Indonesia palm oil firm
Daewoo International Corp., the country’s largest grain trader, announced Thursday it has acquired an 85 percent stake in an Indonesian palm oil producer, upping the ante for its overseas agricultural business.Through the 57 billion won ($53 million) deal with PT. Bio Inti Agrindo, Daewoo plans to c
IndustrySept. 8, 2011
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Suicide top cause of death for under 40s
Suicide was the main cause of death for Koreans aged 40 or younger in the past year, followed by accidents and cancer, Statistics Korea said Thursday. The government agency report said the country’s suicide rate was the highest among member nations of the Organization for Economic Cooperation and De
Sept. 8, 2011
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SK E&C ships world’s largest crude column
The crude column produced by SK Engineering and Construction Co. sits on board the Dutch ship that will carry it to the United Arab Emirates at an Ulsan port on Wednesday. (SK E&C)SK Engineering and Construction Co. announced Thursday that it shipped the largest ever crude column to the United Arab
IndustrySept. 8, 2011
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New rules to prop up small SI firms
Korea considers banning corporate affiliates from public projectsThe government is considering banning system integration companies affiliated with conglomerates from competing for public sector SI projects for fear of stamping out the smaller players, the Ministry of Knowledge Economy said on Thurs
IndustrySept. 8, 2011
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Foreign luxury brands slow to ‘give back’
Foreign luxury brands have seen their sales in Korea almost triple in recent years but they were stingy in giving back to society, research found Thursday. The Korea sales of the top 15 foreign high-end brands jumped from 1.42 trillion won ($1.32 billion) in 2005 to 3.87 trillion won last year, said
IndustrySept. 8, 2011
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Korea puts off plan to raise limit on duty free shopping
The nation’s customs agency on Thursday again put off raising the limit on the duty free allowance for travelers coming from overseas, citing economic uncertainties inside and outside of the country. Under the current law, Korean travelers are required to report their overseas purchases in excess of
IndustrySept. 8, 2011
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Daewoo’s capital plan may cause problem
Daewoo Securities Co.’s plan for a big capital increase is feared to dent its share price as the move is unlikely to do much to boost its earnings and competitive edge, analysts said Thursday, downgrading their price targets on the company.Daewoo Securities, South Korea’s No. 2 brokerage by market c
Sept. 8, 2011
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Markets notice little of Bahk’s inflation fight
Three months into his term as the country’s finance minister, Bahk Jae-wan’s efforts to tame inflation and stabilize the market have received little notice in an economy at risk of excessive debt at home and abroad. And economic indicators spell trouble for Bahk. Coming into office on June 2, he pri
Sept. 8, 2011
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FSS bows to banks on fees cut
Financial regulators have postponed instructing banks to slash service fees on transactions via automated teller machines due to complaints from the banking sector, sources said.The Financial Supervisory Service had planned to announce the policy to force banks to cut service fees on money transfers
Sept. 8, 2011
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[News Focus] 3-D display technology to meet transition era
A model showcases a 27 inch “Cinema 3-D TV” in Seoul on Thursday. (LGE)Samsung likely to go LG way in 3-DThe information and technology industry is a rapidly changing one where the hottest trend of yesterday becomes an old one and gets replaced by another even before one realizes it.In the midst of
IndustrySept. 8, 2011
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Hyundai launches new fuel-efficient Accent ‘Blue Saver’
South Korea’s largest carmaker Hyundai Motor Co. on Thursday launched its new fuel-efficient Accent subcompact model on the domestic market. The new “Blue Saver” model of the popular small-sized car can run 17.7 kilometers on a liter of gasoline compared to 16.7 kilometers for the conventional 1.6-l
MobilitySept. 8, 2011
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[Herald Interview] Standards body keen on Korea’s smart grids
Korea’s growing technological prowess and the business community’s brisk participation in standardization works will help expand global markets for smart grids, executives of the Institute of Electrical & Electronics Engineers’ Standards Association said.The standards body is a unit within the IEEE,
IndustrySept. 8, 2011
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University, POSTECH team up on stem cells
From as early as 2014, anti-cancer stem cell treatment will be available through a joint firm established by Pohang University of Technology and Science and Catholic University of Korea, the schools said Monday. According to the joint venture “PoCaStem,” the treatment “GX-051” involved injecting ade
TechnologySept. 8, 2011
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Ewha ties up with Mongolia cancer center
Ewha Womans University Medical Center has signed a memorandum of understanding with the Mongolian National Cancer Center for research and treatment, the hospital said Thursday.Under the agreement, the Seoul hospital will diagnose and treat transferred Mongolian patients, refer the process to the Mon
TechnologySept. 8, 2011
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Eye infection alert issued
The Korea Centers for Disease Control and Prevention asked parents to take extra care on their children’s eyes as eye infections are increasing since the school term kicked off. According to the center, which received reports from 80 medical facilities nationwide, the number of people with epidemic
TechnologySept. 8, 2011