Most Popular
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Naver’s Line ownership in jeopardy as Japan ups pressure
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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[Today’s K-pop] NewJeans' single teasers release amid intrigue
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BASF to invest in Korea
The chemicals company BASF SE will begin looking ofr a Korean firm to invest in, on Tuesday as part of the Global Alliance Project Series program, the Ministry of Knowledge Economy announced Monday. Through the program, the German chemicals giant will present investment plans to local battery and or
IndustryAug. 29, 2011
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Korea unveils world’s largest tidal power plant
Korea introduced the world’s largest tidal power plant on Monday, eight years after it broke ground for a project aimed at boosting renewable energy use. The facilities in Sihwa on the western outskirts of Seoul will enter full-fledged operation in December with a total capacity of 520 megawatts, th
IndustryAug. 29, 2011
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Samsung’s insurance units top payment reserve lists
Samsung Life and Samsung Fire & Marine hold the largest payment reserves among local life and non-life insurance companies, according to the Financial Supervisory Service.FSS data showed that Samsung Life holds 99.1 trillion won ($91.7 billion) in provisions for insurance payments to customers, topp
Aug. 29, 2011
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BAT Korea eyes premium cigarette market in Korea
Company targets sector that grows fastBritish American Tobacco Korea is striving to shore up its presence in the Korean market with premium cigarette products.The Korean unit of the global manufacturer has been diversifying its portfolio of pricey cigarettes with Dunhill and Kent brands in a bid to
IndustryAug. 29, 2011
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BAT Korea committed to social contribution
British American Tobacco Korea is shoring up its social responsibility efforts through community services and funds for social enterprises and cultural foundations.The multinational group’s local unit said it has been striving to map out campaigns that contribute to Korean society, offering more tha
IndustryAug. 29, 2011
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Apple wins more delay from Samsung in Australia tablet sale
Apple Inc. won a further delay in the release of Samsung Electronics Co.’s newest tablet computer in Australia, with the South Korean company agreeing not to sell the Galaxy Tab 10.1 until the end of September. Apple, based in Cupertino, California, sued Samsung in Sydney Federal Court last month, c
TechnologyAug. 29, 2011
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SK Telecom wins 'golden' spectrum license for 995b won
SK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The Korea Communications Commission said KT decided to raise the whit
TechnologyAug. 29, 2011
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Glass ceiling remains in S. Korea's big firms
SEOUL, Aug. 29 (Yonhap) -- South Korean women working for big companies remain at a disadvantage in getting promotions despite calls for more female CEOs and senior managers, a report by a local think tank said Monday.The Korean Women's Development Institute (KWDI) said that as of late last year, th
IndustryAug. 29, 2011
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Korea could lower growth outlook for this year: minister
South Korea could revise downward its growth outlook for this year, the nation's top economic policymaker hinted Monday, citing lingering uncertainties at home and abroad."Overall, there are downside risks (on growth)," Finance Minister Bahk Jae-wan told a forum held in central Seoul. "We stick to o
Aug. 29, 2011
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S. Korea's current account surplus hits 9-month high in July
South Korea's current account surplus increased to the highest level in nine months in July as exports hit a record high even amid global economic uncertainty, the central bank said Monday.The current account surplus reached US$4.94 billion in July, more than doubling from a revised $2.03 billion th
Aug. 29, 2011
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Three decades of arduous struggles against HIV/AIDS epidemic
In the three decades since HIV and AIDS were first identified, patients, activists and medical researchers have been struggling against not only the disease itself but also the social stigma it brings.Thanks to their strenuous efforts, AIDS is now perceived as a chronic illness rather than a death s
TechnologyAug. 28, 2011
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U.S. air travel disrupted
By Shin Hyon-heeHurricane Irene triggered cancellations of thousands of flights over the weekend as the storm raced up the United States’ northeastern shore. Korean Air, Korea’s top airline, pre-canceled its routes to and from New York on Saturday and Sunday, and delayed Washington-bound services by
IndustryAug. 28, 2011
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Kia hybrid seeks Guinness record
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Optima hybrid mid-size car will try to set a new Guinness World Record for the best mileage car by driving through the United States.The Guinness challenge started with an Optima sedan leaving its production plant in West
MobilityAug. 28, 2011
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BMW expects Mercedes-Benz to start 2012 as top seller
Bayerische Motoren Werke AG’s BMW, on a pace to become the top-selling luxury auto brand in the U.S. this year, will probably be outsold by Daimler AG’s Mercedes-Benz early next year, a top executive said. Updated C-Class compact Mercedes models will go on sale later this year and probably mak
MobilityAug. 28, 2011
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Prejudice about HIV/AIDS persists
Experts say continuing stigma makes medical situation worseBUSAN ― Despite advancements in treatment, the struggles of people living with HIV/AIDS will never end as long as stigma and discrimination against them continues, activists and medical researchers said during an international forum here las
TechnologyAug. 28, 2011
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‘Break your silence and speak out’
BUSAN ― Leaders at the forefront of global endeavors to combat HIV/AIDS called on those suffering from the epidemic to break their silence and speak out during an international forum here last week. They also stressed that an embracive social, legal environment is crucial to help them come out and g
TechnologyAug. 28, 2011
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Starbucks to sell VIA instant coffee in Korea
Korean consumers will be able to enjoy sipping instant coffee offered by Starbucks from next month, the Seattle-based company’s Korean branch said Sunday. The Korean introduction of the Starbucks VIA Ready Brew is scheduled for Sept. 16 at 363 Starbucks coffee houses here, Starbucks Korea spokeswoma
IndustryAug. 28, 2011
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Chung’s W500b breaks Korean donation record
Latest in an increasing number of charity pledges by nation’s tycoonsKorea’s top businessmen are relaying to make personal donations as Hyundai Motor Group Chairman Chung Mong-koo launched his own initiative on Sunday.Chung donated 500 billion won ($462 million) of his personal funds to the charity
IndustryAug. 28, 2011
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Eyes on KT over wireless spectrum auction
Bidding for 1.8 gigahertz bandwidth to go over 1 trillion won MondayAll eyes are now on KT Corp.’s participation in the country’s first wireless broadband spectrum auction as the company has put pause to the process Friday after the bidding price neared 1 trillion won ($928.33 million).The bidding c
IndustryAug. 28, 2011
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POSCO takes social responsibility projects to African nations
POSCO on Friday began works on a children’s center in Zimbabwe as part of its efforts to strengthen corporate social responsibility programs in Africa.The steelmaker’s related projects in the region began in July when it collaborated with the Korea International Cooperation Agency to send volunteers
IndustryAug. 28, 2011