Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Depression triggers all around us
Donuts, streetlights, pills, the Internet, cigarettes and cosmetic surgery are all everyday sparks that can cause depression, the Daily Mail reported. Although money and relationship matters are well-known causes of depression, experts revealed that our everyday activity ranging from eating behavior to exposure to the sun can also trigger depression.First, comfort foods such as donuts can lead to
TechnologyJune 30, 2011
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Temperatures in Korea to rise 6 degrees in 21st century
The National Institute of Meteorological Research announced that Korea’s average temperature will increase by 6 degrees centigrade by the end of the century if the current rate of economic growth continues without further actions to reduce greenhouse gas emissions.On Tuesday, the NIMR released the report based on the fifth report of Intergovernmental Panel on Climate Change, which is to be publish
TechnologyJune 30, 2011
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Samsung seeks U.S. import ban on Apple products
SEOUL, June 30 (Yonhap) -- Samsung Electronics Co., the world's second-biggest maker of mobile phones, said Thursday that it has filed a complaint with the U.S. International Trade Commission (ITC) against Apple Inc., seeking import bans on six Apple products, including the iPhone, the iPad and the iPod. Apple violated five patents of Samsung, including wireless communications technology and techn
IndustryJune 30, 2011
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Scientists discover brightest, earliest quasar
This artist's conception provided by the European Southern Observatory shows ESO's Very Large Telescope and a host of other telescopes' discovery of the most distant quasar found to date. This brilliant beacon, powered by a black hole with a mass two billion times that of the Sun, is by far the brightest object yet discovered in the early Universe. (AP-Yonhap News)LOS ANGELES (AP) _ A team of Euro
TechnologyJune 30, 2011
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LG Global Challenger
(LG Group)LG Group chairman Koo Bon-moo (left) hands the symbol for the LG Global Challenger program to the representative of students taking part at the company’s office in Seoul on Wednesday. The program is in its 17th year, and allows participants to take part in research projects and visit other countries.
IndustryJune 30, 2011
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Three funds bid for Woori Financial
Three private equity funds have submitted letters of intent to take over Woori Financial Group while no financial group will participate in the M&A competition.The Public Fund Oversight Committee, which closed the receiving of LOIs on Wednesday, said the potential buyers are MBK Partners, Vogo Investment, and TStone Partners.The committee, under the wing of the Financial Services Commission, plans
June 29, 2011
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Hyundai execs invited to White House forum
Korea’s leading automaker Hyundai Motor Co. said Wednesday that its executives will take part in a White House policy meeting aimed at improving the fuel economy of cars sold in the United States.The company said Ron Bloom, senior counselor for manufacturing policy to President Barack Obama, and Gary Guzy, deputy director of the Office of Environmental Quality, will be present at the meeting sched
June 29, 2011
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Samsung Engineering wins order from India
Samsung Engineering Co. Ltd., Korea’s largest industrial plant builder, said Wednesday that it has won a $230 million order to build a petrochemical plant in western India.Under the deal with ONGC Petro-additions Ltd., a unit of India’s state-run Oil & Natural Gas Corporation Ltd., Samsung Engineering will complete the plant by July 2013 with an annual production capacity of 340,000 tons of high-d
June 29, 2011
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Yeosu-Fukuoka sea route opened for World Expo 2012
The state-run Korea Tourism Organization said Wednesday that it has secured a sea route linking the southern port city of Yeosu to Fukuoka, southwestern Japan, in preparation of next year’s Yeosu World Expo.The organization, together with the South Jeolla provincial government and the Yeosu city government, has arranged for a chartered ferry service by Japan’s Kyushu Railway Co. (JR Kyushu) over t
June 29, 2011
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Korean conglomerates expand global network
SK Innovation’s oil platform in operation at an offshore mining area in Vietnam. (SK Group)Local firms look for opportunities for old and new businesses abroadFaced with a fast saturating domestic market, local firms have increasingly been seeking growth in overseas markets.For some, such as Hyundai Motor Group, overseas expansion has been an extension of their main businesses.Others, such as SK
IndustryJune 29, 2011
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CJ Group hit by acquisition costs
Korea Express union opposes takeover, worries about job losses from potential merger with GLSHefty acquisition costs and bad blood with Samsung have left CJ Group pondering how to overcome the multiple hurdles it faces as the preferred bidder for logistics giant Korea Express, industry watchers said.At the top of the agenda is addressing industry concerns that CJ would have a tough time coming up
IndustryJune 29, 2011
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Hyundai-Kia overtakes 6 competitors in a decade
Hyundai Motor and its affiliate Kia Motors emerged as one the world’s top five automakers in global sales last year, selling more than 5 million vehicles.About a decade ago, the two companies under the wing of Hyundai Motor Group ranked 11th worldwide in total sales volume.Climbing six notches in less than 10 years was not a simple accomplishment, as it required stepping over global players includ
MobilityJune 29, 2011
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Corporate Korea braces for multiple unions
Companies quietly pulling out all stops to keep unions to minimumFollowing is the second in a two part series featuring multiple labor unions that will be introduced in Korea on Friday. ― Ed.The top brass at Korean companies are on high alert over challenges they could face when multiple unions become legal as of July 1. Conglomerates, some of which have enjoyed years without the nagging presence
IndustryJune 29, 2011
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Seoul worried by financial sector’s short-term debt
Korea held an emergency meeting with major banks Wednesday to express its concern over growing short-term debt held by financial institutions here, the Finance Ministry said.The meeting was held earlier in the day at the government’s complex building in Gwacheon, south of Seoul, with officials of nine banks, including three foreign institutions, in attendance, according to the Ministry of Strategy
June 29, 2011
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Rare earths deposits found in central Korea
Korea has found rare earths reserves in the North Chungcheong and Gangwon provinces, with a sufficient supply for the next 50 years, a state-run think tank said Wednesday.The deposit in Chungju, 147 kilometers southeast of Seoul, contains 71,500 metric tons of rare earths. The one in Hongcheon in the country’s east has about 76,000 metric tons, the Korea Institute of Geoscience and Mineral Resourc
June 29, 2011
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Well begun is ‘half’ done: The Korea-EU FTA
Kim Jong-hoonTomorrow, the free trade agreement between the Republic of Korea and the European Union will finally enter into force. With the publication of the agreement in the official gazettes of the two sides the day before yesterday, all the required procedures have been completed and we are now about to embark upon the smooth implementation of the agreement.As is often said, well begun is hal
June 29, 2011
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FSC targets OECD average in controlling household debt
The financial authorities on Wednesday pledged to bring snowballing household debt down to the Organization for Economic Cooperation and Development average.With household debt at a record high of more than 800 trillion won ($740 billion), the Financial Services Commission reiterated its commitment to tackling the issue.“We plan to stabilize the market gradually with the goal of lowering the debt
June 29, 2011
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Lagarde chosen to lead IMF; first woman in top job
French Finance Minister Christine Lagarde poses before giving a television interview, Tuesday June 28, 2011 in Paris, after she has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization.(AP-Yonhap News)WASHINGTON (AP) _ French Finance Minister Christine Lagarde was chosen Tuesday to lead the International Monetary
June 29, 2011
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Koreans top in digital literacy: OECD
From news reports Young South Koreans learn the best from computers and the Internet according to a survey of 15 year-olds in 19 countries, the Organization for Economic Cooperation and Development said on Monday. The OECD, which groups 34 of the world’s most advanced economies, tested the digital literacy of students in 16 member countries as well as Colombia and the Chinese cities of Hong Kong a
TechnologyJune 29, 2011
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Pope tweets for the first time
VATICAN CITY (AP) _ Pope Benedict XVI has tweeted for the first time, announcing the launch of a Vatican news information portal.Benedict's tweet on Tuesday read: ``Dear Friends, I just launched News.va Praised be our Lord Jesus Christ! With my prayers and blessings, Benedictus XVI''.The portal www.news.va for the first time aggregates information from the Vatican's various print, online, radio an
TechnologyJune 29, 2011