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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[Weekender] How DDP emerged as an icon of Seoul
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Today’s K-pop] NewJeans' single teasers release amid intrigue
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GM, Ford, Toyota accept Obama’s efficiency standard
Automakers agreed to double the fuel economy of the vehicles they sell in the U.S. to a fleetwide average of 54.5 miles per gallon by 2025, President Barack Obama said. The White House negotiated the proposal, which will take effect in 2017, with automakers including General Motors Co., Ford Motor Co. and Toyota Motor Corp. The administration proposed a 56.2 mpg requirement last month, up from a f
IndustryJuly 31, 2011
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Moody’s says U.S. should retain top rating
Moody’s says it now thinks U.S. will be able to keep ‘AAA’ ratingWASHINGTON (AP) ― Moody’s Investors Service said late Friday that the United States should be able to keep its “AAA” credit rating as long as Washington works out a deal that lets it continue to pay bondholders.The credit rating agency said it thinks that even if the nation’s $14.3 trillion borrowing limit isn’t raised by Tuesday’s d
IndustryJuly 31, 2011
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Kang named Hanwha Investment CEO
Kang Shin-woo, chief investment officer of Korea Investment Management, has been designated as the first CEO of the merged entity between Hanwha Investment Trust Manager and Prudential Asset Management.With the appointment of the 50-year-old fund manager, Hanwha Investment is poised to revamp its management structure and has set the goal of becoming the nation’s No. 1 asset management player. Kang
July 31, 2011
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Researchers say humans crowded out Neanderthals
WASHINGTON (AP) — Were the Neanderthals simply crowded out by the ancestors of modern humans?That's the theory of a pair of British researchers, who say early modern humans outnumbered Neanderthals by 10-to-1 in a region of southwestern France they studied.Scientists have long debated the circumstances in which modern people replaced Neanderthals across Europe about 40,000 years ago. Leading resea
TechnologyJuly 31, 2011
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Earth shares its orbit with tiny asteroid
NEW YORK (AP) -- Like a poodle on a leash, a tiny asteroid runs ahead of Earth on the planet's yearlong strolls around the sun, scientists report.The discovery of this companion, which measures only about 300 meters across, makes Earth the fourth planet in the solar system that's known to share its orbit with an asteroid. This handout image released on July 27, 2011 illustrates the orbit of 2010 T
TechnologyJuly 31, 2011
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Apple, Samsung overtake Nokia in smartphone market
HONG KONG (AFP) - Apple and Samsung have overtaken long-time leader Nokia for the top two spots in the global smartphone market, a report said Friday, underscoring the Finnish handset maker's ongoing struggles.US-based research firm Strategy Analytics said the US and Korean smartphone makers outpaced Nokia in the second quarter, with the sector posting record quarterly shipments of 110 million uni
TechnologyJuly 31, 2011
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Missing pilot took out huge insurance policies before crash
Asiana Airlines Co. remained tight-lipped as it was revealed on Saturday that one of the two still-missing pilots of its crashed cargo plane had taken out a number of different life and property insurance policies a month before the accident.The Boeing-747 aircraft, operated by South Korea's second-largest air carrier, crashed into waters about 107 kilometers west of the southern resort island of
IndustryJuly 31, 2011
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Apple, Samsung overtake Nokia in smartphone market
HONG KONG, July 29, 2011 (AFP) - Apple and Samsung have overtaken long-time leader Nokia for the top two spots in the global smartphone market, a report said Friday, underscoring the Finnish handset maker's ongoing struggles.US-based research firm Strategy Analytics said the US and Korean smartphone makers outpaced Nokia in the second quarter, with the sector posting record quarterly shipments of
IndustryJuly 29, 2011
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SK Broadband ordered to compensate 400 mln won for information leak
SEOUL, July 29 (Yonhap) -- A Seoul court on Friday ordered SK Broadband Co., a high-speed Internet service provider, to pay a combined 400 million won (US$379,686) in compensation to its customers whose personal information was leaked by the company.About 2,500 SK Broadband customers filed class-action suits between 2008 and 2010, claiming the Internet service firm, formerly called Hanaro Telecom,
IndustryJuly 29, 2011
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KB Q2 earnings swing back to net profit
KB Financial Group posted a net profit of 817 billion won ($776.9 million) for the second quarter, swinging back into the black after posting a 217 billion won loss in the same period last year. The group attributed the boost to lower loan-loss reserves and provisional cost cuts of more than one-third from a year ago.“The group has been reducing the allowance for bad debts for the past six months
July 29, 2011
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Samsung Electronics’ Q2 sales up 4%
Samsung Electronics, the world top television and memory chip maker, posted its operating profit for the second quarter of 3.75 trillion won ($3.55 billion), down 25.2 percent from the same period last year.The company also announced it recorded 39.44 trillion won in revenue ― a 4-percent increase year-on-year ― and 3.51 trillion won in net income from April-June, down 18 percent compared to last
IndustryJuly 29, 2011
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Firms roll up sleeves to help victims of devastating rains
Korea’s business community is coming forward to help those affected by the heavy rains that wreaked havoc across the country this week.On Friday, some of the country’s largest conglomerates said they would provide money, goods and repair services for those affected by the rains. Chung Eui-sun (left), vice chairman of Hyundai Motor Group, poses with Han Joong-gwang, chairman of Korea Disaster Relie
IndustryJuly 29, 2011
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Industrial output slows in June
June industrial production posted slower than expected growth of 0.7 percent, a government report said Friday.Output in the construction, service, mining and manufacturing sectors expanded by 6.4 percent from a year ago, down from a revised 8.1 percent growth forecast in March, Statistics Korea said. The 0.7 percent on-month expansion is the slowest output growth in nine months, and a slow down fr
July 29, 2011
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Netizens blast SK unit over leaked personal information
Thousands are voicing their anger with SK Communications online after it was found that personal information of 35 million online users had been hacked this week, an event that marked the country’s worst security breach.More than 3,200 people registered to voice their opinions in an online community (http://cafe.naver.com/hacknate) designed to take collective action against the company which opera
IndustryJuly 29, 2011
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U.S. jobless claims, housing data offer economic hope
IndustryJuly 29, 2011
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Republicans put off vote on debt limit
Legislation to raise ceiling and cut $1tr on hold as votes fail to materializeWASHINGTON (AP) ― An intensive endgame at hand, Republican leaders abruptly postponed a vote Thursday night on legislation to avert a threatened government default and slice federal spending by nearly $1 trillion.“The votes obviously were not there,” conceded Rep. David Dreier, R-California, after Speaker John Boehner an
IndustryJuly 29, 2011
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Samsung's Lee stresses software, talent, patents
SEOUL, July 29 (Yonhap) -- Lee Kun-hee, chairman of Samsung Electronics Co., emphasized the importance of software technologies, a talented workforce and patents in a speech to Samsung's executives, the electronics giant said Friday. His remarks came after the consumer electronics giant reported a slump in its second-quarter profit as consumer spending in the advanced economies is weighed down by
IndustryJuly 29, 2011
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Fat is more dangerous for South Asians
WASHINGTON (AFP) -- Weight gain can be more dangerous for South Asians than for Caucasians because the fat clings to organs like the liver instead of the skin, said a study published Thursday.The main difference between Caucasians and South Asians comes down to how much space there is to store fat in the body and where it holes up, said Sonia Anand, lead author of the study in the public access jo
TechnologyJuly 29, 2011
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Smartphone users check their device 34 times a day
Smartphone users check their IT gadgets 34 times a day or once every 10 minutes on average, CNN reported. A man uses an Apple Inc. iPhone in New York, U.S. (Bloomberg)Quoting a study published in an IT journal, CNN said that the users tend to repetitively check e-mails and other applications not because they needed to check them but because it had become a habit. The checking habit emerges and is
TechnologyJuly 29, 2011
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Are hot dogs as bad as cigarettes?
Eating hot dogs may be as hazardous to one’s health as smoking cigarettes, according to civil activists in the United States.Sonya "The Black Widow" Thomas, center right, wins the first Nathan's Famous Women's Hot Dog Eating World Championship after consuming 40 hot dogs and buns, Monday, July 4, 2011, Monday, July 4, 2011, at Coney Island, in the Brooklyn borough of New York. (AP-Yonhap News)The
TechnologyJuly 29, 2011