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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Samsung banned from selling some smartphones in Netherlands
BRUSSELS (Yonhap News) -- A Dutch court on Wednesday issued a preliminary injunction against the sale of smartphones by South Korea's Samsung Electronics Co. in the Netherlands in a patent dispute raised by U.S. electronics manufacturer Apple Inc.The injunction, issued by a district court in the Hag
TechnologyAug. 24, 2011
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Economists see minimal impact from Japan cut
By Cynthia J. KimThe Korean economy faces minimal impact from Japan’s sovereign credit rating cut by Moody’s Investors Service as the deteriorating fiscal conditions had already been factored in the market, economists said Wednesday.Local experts pointed out that the rating is unlikely to weaken the
Aug. 24, 2011
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Caff Bene favored most among specialty coffee brands: survey
By Lee Ji-yoonCaff Bene, a Korean coffee house chain, received the best reviews in a recent consumer survey, while other local coffee retailers also scored high compared to international rivals.Korea Consumer Agency and KAIST Center for Fair Trade and Consumer Protection announced Wednesday the resu
IndustryAug. 24, 2011
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Samsung Electronics expected to unveil new tablet
By Kim Ji-hyunSamsung Electronics is expected to roll out a tablet PC running on a Microsoft operating system at a global electronics trade show scheduled to open in Germany next month, industry sources said on Wednesday.The new tablet is reportedly the brainchild of the company’s IT solution busine
IndustryAug. 24, 2011
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Homeplus ‘virtual store’ to open in subway station
By Lee Ji-yoonHomeplus, a local supermarket chain, said Wednesday it will open a “virtual store” in a subway station in southern Seoul so that customers can buy products without visiting an outlet. The virtual store will start operation from Thursday at Seonreung Station in Yeoksam-dong. According t
IndustryAug. 24, 2011
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POSCO puts UV-coating to commercial production
By Choi He-suk POSCO began mass producing steel plates coated using ultraviolet rays on Wednesday, becoming the world’s first steelmaker to use the method on commercial scale. Named POSCOTE-UV, short for POSCO smart coating technology-ultraviolet, is more resistant to scratches and its surface is br
IndustryAug. 24, 2011
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FSS to warn Hyundai Capital, Nonghyup
By Kim Yon-seRegulatory sanctions against Hyundai Capital and the National Agricultural Cooperative Federation, or Nonghyup, are imminent, officials of the Financial Supervisory Service said Wednesday.The two financial companies have come under intensive regulatory investigations for incurring a cri
Aug. 24, 2011
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‘Little chance of Korean rating cut’
By Cynthia J. Kim and news reports Korea’s Finance Minister Bahk Jae-wan on Wednesday dismissed concerns over a possible cut in South Korea’s sovereign credit rating.“There is little chance that our nation’s ratings will be lowered,” Yonhap news agency quoted Bahk as telling reporters after attendin
Aug. 24, 2011
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KEPCO leads the way for shared-growth
The country’s main electricity supplier Korea Electric Power Corp., which marked its 50th anniversary this year, is renewing its efforts to become a socially responsible company.In addition to drawing up plans for becoming one of the world’s top five energy and engineering firms by 2020, the c
IndustryAug. 24, 2011
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Korean builders brace for post-Gadhafi boom
Korean engineering and construction firms are ratcheting up their ambitions in Libya as the waning days of a six-month civil war signal new business opportunities in the North African country. Colonel Moammar Gadhafi’s fate remains uncertain and rebel forces face a long slog to stabilize the country
Aug. 24, 2011
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Scientists identify origin of current cholera pandemic
A team of scientists has successfully identified the original source of the current global cholera pandemic, a finding that could help scientists understand the mechanisms behind the spread of the disease, the Seoul-based International Vaccine Institute (IVI) said Thursday.By analyzing the genomes o
BusinessAug. 24, 2011
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Greenpeace finds toxic chemicals in branded clothing
BEIJING (AFP) - Traces of toxic chemicals harmful to the environment and to human health have been detected in products made by 14 top clothing manufacturers, Greenpeace said Tuesday.Samples of clothing from top brands including Adidas, Uniqlo, Calvin Klein, H&M, Abercrombie & Fitch, Lacoste, Conver
IndustryAug. 24, 2011
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Report says Sprint to get iPhone in October
NEW YORK (AP) — Sprint Nextel Corp., the country's third-largest cellphone company, will start selling the iPhone in mid-October, The Wall Street Journal said Tuesday.Citing unnamed people familiar with the matter, the newspaper said the wireless company will get to sell both the new iPhone 5
TechnologyAug. 24, 2011
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Japan Credit Rating Cut to Aa3 by Moody's
Japan’s sovereign-credit rating was lowered by Moody’s Investors Service, which cited “weak” prospects for economic growth that will make it difficult for the government to rein in the world’s largest public debt burden. Moody’s lowered the grade by one step to Aa3, with a stable outlook, it said in
Aug. 24, 2011
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Korea bans citizens from traveling to Syria
South Korea on Tuesday banned its citizens from traveling to Syria amid deepening conflict between protesters and government forces in the country, the foreign ministry said.The travel ban will go into effect next Tuesday and will be in place for six months, according to the ministry. Those who do n
BusinessAug. 23, 2011
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Korea’s external debt hits fresh high of $398 billion
Korea’s external debt hit a fresh high of $398 billion as of the end of June on steady inflow of foreign capital on bonds, the Bank of Korea said Tuesday.The growth of short-term foreign debt, considered more volatile to external shocks, grew $1.3 billion to $149.7 billion in the three months. Overs
Aug. 23, 2011
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Busan to host international AIDS forum
4,000 experts from 70 countries to attend 10th Asia-Pacific AIDS CongressA major international conference on AIDS kicks off its five-day run on Friday at BEXCO in the southern port city of Busan, the local organizing committee said Tuesday. The 10th International Conference on AIDS in Asia and the P
TechnologyAug. 23, 2011
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With sense of crisis, Korea braces for software war
Korea’s information technology industry is facing crisis after enjoying a top spot for about 20 years with the government only stressing hardware and thinking less of software.Following recent mergers of global firms, such as Google’s acquisition of Motorola and Hewlett-Packard’s takeover of Autonom
IndustryAug. 23, 2011
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Samsung’s Lee stresses role of female executives
Samsung Electronics chairman Lee Kun-hee on Tuesday said women must be encouraged to become corporate CEOs when he lunched with a handful of the group’s female executives.“Women whose careers end before having a chance to become a CEO may not have fully exerted their potential,” Lee was quoted as sa
IndustryAug. 23, 2011
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Top 4 firms lose big in bearish market
Companies with greater global exposure lost almost W130trThe stock value of local conglomerates took a nosedive this month, with the total market capitalization of the nation’s top four companies shedding 128.8 trillion won ($11.8 billion).The decline over the past 15 days was an average 22.8 percen
IndustryAug. 23, 2011