Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Korea enters full election mode
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Immigrant woman stabbed to death by Korean husband
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Seoul’s bus union prepares for strike
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Rooftop garden soothes patients
Cancer center offers respite, spiritual oasis for the sickHACKENSACK, New Jersey ― For just a moment, patients can forget they’re in a cancer center.The Manhattan skyline offers a spectacular background for lush boxwoods, vibrant flowers, and the herbs and vegetables growing in the rooftop garden at the John Theurer Cancer Center at the Hackensack University Medical Center.The garden, outside a gl
TechnologyJune 13, 2011
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Scientists find genes linked to migraines
Scientists have uncovered a trio of genes tied to migraine headaches, including one in which the link is exclusive to women, according to a study published Sunday. Migraines are acutely debilitating headaches -- sometimes with an "aura", in which patients have the impression of seeing through frosted glass -- that strike up to 20 percent of the population. Scientists describe the condition,
TechnologyJune 13, 2011
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Roubini says ‘Perfect Storm’ may threaten global economy
June 13 (Bloomberg) -- A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini said in a June 11 interview in Singapore. Other possible outcomes are “anemic but
June 13, 2011
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Monster black hole twins found in galaxy center
Scientists have found two rare active, “supermassive” black holes about 425 million light-years away, Space.com reported. The galaxy Markarian 739 in the constellation Leo is known to have one enormous black hole at its core. New observations by NASA’s Swift satellite and the Chandra X-Ray Observatory revealed that the galaxy, which resembles a smiling face, has another monster black hole at its c
TechnologyJune 13, 2011
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SKT short of savvy in overseas markets
Unsuccessful ventures eat into mobile carrier’s valueSK Telecom, the nation’s No.1 wireless service provider, has proved to be far from savvy when it comes to overseas ventures. After unsuccessfully knocking on the doors of numerous overseas markets including the U.S. and China for six years, the company was forced to call it a day. The failure was such that former SKT chief executive Chung Man-wo
IndustryJune 12, 2011
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Hyundai Heavy to build world’s 1st offshore LNG storage unit
Hyundai Heavy Industries announced Sunday that it would build the world’s first floating storage and re-gasification unit for liquefied natural gas.A floating storage and re-gasification unit or FSRU is a vessel for storing liquefied natural gas at sea. It is connected to facilities on land by pipelines, through which re-gasified LNG is transferred.According to the company, it was awarded a $500 m
IndustryJune 12, 2011
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Hyundai family eyeing Hynix Semiconductor
Hyundai powerhouses are reportedly interested in acquiring the 15 percent stake in Hynix Semiconductor that will be put up for sale later this month, financial sources said on Sunday. Among them, Hyundai Heavy Industries is seen as one of the most viable candidates, industry sources said. The biggest motivation for the company is its undying desire to gather all the Hyundai affiliates under one ro
IndustryJune 12, 2011
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Shares likely to be range-bound
South Korean stocks are expected to trade in a narrow range this as investors step to the sidelines amid a lack of upward momentum and signs of a slowdown in the U.S. economy, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed last week at 2,046.67, down 3.16 percent from a week earlier.The KOSPI got off to a weak start at the beginning of the weak, as downbeat j
IndustryJune 12, 2011
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Korea to pull out all stops against inflation
The government plans to make all-out efforts to stem growing inflationary pressure as South Korea faces potential difficulties in taming inflation in the second half, officials said Sunday.Finance Minister Bahk Jae-wan presided over a meeting with ministers on Friday to discuss ways to stabilize consumer prices where he suggested 22 policy steps, including the stable management of macroeconomic fa
IndustryJune 12, 2011
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Seoul mulls public funds to rescue savings banks
South Korea is mulling injecting public funds to rescue ailing local savings banks in an effort to overhaul the troubled sector in the second half, sources said Sunday.The government is seeking to put seven teetering savings banks up for sale this year, whose operations have been suspended since January due to a pile-up in soured construction loans and weak capital positions.The Financial Services
IndustryJune 12, 2011
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Emirates passengers slam response to delay
Emirates Airlines is in hot water over its response to a delayed flight from Incheon to Dubai.While the flight was delayed due to unforeseen circumstances, passengers for the flight complained that the company’s response was inefficient and unprofessional. According to one passenger, the company did not make a public announcement explaining the situation, and the explanations provided at the airpo
IndustryJune 12, 2011
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Blue House dragging feet on BOK vacancy
Seat on rate-setting committee has been empty for over a yearThe presidential office has failed to address filling a vacant seat at the central bank’s interest rate-setting panel for 14 months despite the growing need to fight mounting inflationary pressure.In tandem, Bank of Korea Governor Kim Choong-soo has been criticized for allegedly glossing over laws on the BOK concerning the bank’s Monetar
June 12, 2011
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Hyundai Mobis wins Mitsubishi, Subaru order
MobilityJune 12, 2011
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Small cars to take up half of import market
Small vehicles with low engine displacement are expected to account for 50 percent of the total sales of import vehicles in South Korea as early as the third quarter.The ratio of cars with an engine capacity of less than 2.0 liters to the total number of cars sold came to 45.2 percent in May.They sold 3,969 small-sized cars ― at low and medium priced ― out of the total 8,777 units last month, acco
MobilityJune 12, 2011
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SK Telecom unsavvy operator in overseas markets
Unsuccessful ventures eat into No.1 mobile carrier’s value SK Telecom, the nation’s No.1 wireless service provider, has proved to be far from savvy when it comes to overseas ventures. After unsuccessfully knocking on the doors of numerous overseas markets including the U.S. and China for six years, the company was forced to call it a day. The failure was such that former SKT chief executive Ch
TechnologyJune 12, 2011
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Buffett lunch auction raises record $2.63 million for charity
Warren Buffett’s annual charity lunch auction raised a record $2.63 million on the final day of the weeklong contest after the bidder who’d already won offered more cash to set the mark. The revised winning bid for a steakhouse meal with the 80-year-old billionaire beat by $100 the record set last year by an unidentified donor. This year’s contest is the 12th benefiting San Francisco’s Glide cha
June 12, 2011
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Argentine lab clones cow to produce human-like milk
BUENOS AIRES (AFP) – An Argentine laboratory announced that it had created the world‘s first transgenic cow, using human genes that will allow the animal to produce the equivalent of mothers’ milk.“The cloned cow, named Rosita ISA, is the first bovine born in the world that incorporates human genes that contain the proteins present in human milk,” Argentina‘s National Institute of Agrobusiness Tec
TechnologyJune 12, 2011
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U.S. urges Korea to press on Iran sanctions
The United States urged South Korea to press on Iran sanctions during a meeting of senior financial officials from the two countries Friday, a Seoul official said.Undersecretary David Cohen of the U.S. Treasury Department met Deputy Minister Choi Jong-ku of the South Korean Finance Ministry at the ministry building in Gwacheon, south of Seoul.The United States, along with the International Atomic
IndustryJune 10, 2011
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Korea strives to work ‘smarter’
Mobile devices, flextime, telecommuting boost workplace efficiency, flexibility“Work smarter, not harder.” This catchphrase has finally caught on in Korean companies as they pursue better ways of working to fit this all-connected world.An increasing number of businesses are embracing the “smart work” policy including flextime, telecommuting, remote work, virtual meetings and freer office environme
IndustryJune 10, 2011
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BOK hikes rate to 3.25 percent in inflation fight
Central bank expects 3.9% inflation and 4.5% growth this yearThe Bank of Korea on Friday raised its benchmark interest rate by a quarter percentage point to 3.25 percent, surprising the market that expected another rate freeze to accommodate slowing exports and surging debt burdens on households. The monetary policy committee at the central bank lifted the seven day repurchase rate for the third t
June 10, 2011