Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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[Weekender] How DDP emerged as an icon of Seoul
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Seoul to provide housing subsidy to married couples with newborns
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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[Music in drama] An ode to childhood trauma
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Minister vows to deregulate further to support companies
Finance Minister Bahk Jae-wan said Friday that the private sector needs to take a bigger role in the economy, vowing to create a business-friendly environment. In his first meeting with heads of the nation’s five major business lobby groups, Bahk attributed the economy’s fast recovery from the financial crisis to “jobs created, overseas investments made and taxes paid” by the private sector busine
June 24, 2011
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EUCCK calls for non-tariff barrier removal
The European Union Chamber of Commerce in Korea is turning up the heat on the Korean government to reduce non-tariff barriers and modify regulations to align them with international standards.On Friday, a week ahead of the tentative implementation of the Korea-EU free trade agreement, the EUCCK published a report outlining non-tariff issues regarding access to the Korean market in 20 categories. S
IndustryJune 24, 2011
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S. Korea likely to approve world's 1st stem cell therapeutic drug
SEOUL, June 24 (Yonhap) -- South Korea's drug safety agency will likely approve a stem cell therapeutic drug this month in what could be the world's first move to permit the sale of a stem-cell medicine, officials said Friday.The Korea Food and Drug Administration (KFDA) is expected to finalize all procedures needed to permit the sale of "Hearticellgram-AMI," a stem cell therapy for acute myocardi
TechnologyJune 24, 2011
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Japan makes fastest ever computer
Marking a leap forward in computing technology, Japan has created the world’s fastest super computer, called “The K supercomputer,” according to the Daily Mail. It is as fast as 1 million desktop PCs put together, performing eight quadrillion calculations per second. It is the first time in seven years that Japan has held the title of having the world’s fastest machine. The previous title-holder w
TechnologyJune 24, 2011
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9 out of 10 workers experience ‘mind leaving syndrome’: survey
(MCT)“Mind leaving syndrome” describes the urge to flee, for anywhere, leaving everything behind including job and family.In research conducted by Saramin, a local online recruitment website, about 87.8 percent respondents experienced the syndrome.Women showed a higher percentage reaching 94.1 percent, while men recorded 80.2 percent.They said the major reasons were “chronic fatigue and health,” f
June 24, 2011
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Study links potatoes, among other foods, to weight gain
(MCT)LOS ANGELES — Public Enemy No. 1 in America's battle of the bulge isn't cupcakes, soda or double bacon cheeseburgers. It's the simple potato, according to Harvard University researchers.Daily consumption of an extra serving of spuds — french fried, sliced into crispy chips, mashed with butter and garlic, or simply boiled or baked — was found to cause more weight gain than downing an additiona
TechnologyJune 24, 2011
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S. Korean consumer sentiment dips in June
SEOUL, (Yonhap) -- South Korea's consumer confidence declined in June from the previous month on concerns that rising inflation and growing household debt could crimp consumer spending, the central bank said Friday.The consumer sentiment index (CSI) -- a gauge of consumers' overall economic outlook, living conditions and future spending -- stood at 102 for June, down from 104 for May, the Bank of
June 24, 2011
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Politicians, tycoons in feud over testimony
Friction between politicians and the business community is escalating, fueled by the National Assembly’s plans to call Federation of Korean Industries chairman Huh Chang-soo and other top businessmen to its hearings.At a press conference Tuesday, Huh said that he was opposed to the plans to remove tax benefits for businesses. He criticized policies such as halving university tuition fees as impuls
IndustryJune 23, 2011
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Korea to foster local growth engine sectors
The government said Thursday it plans to boost support for growth industries in the country’s provincial metropolitan areas by injecting 285 billion won ($265 million) this year.The program is the latest in a string of projects that the Ministry of Knowledge Economy has pushed since 2009 to develop regional technology hubs.Under the plan, the ministry will fund nearly 20 billion won this year for
IndustryJune 23, 2011
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Ministry, refineries differ on how to end temporary oil price cut
The government is seeking to alleviate the fallout of local oil refiners’ move to raise product prices that were temporarily lowered to help stem inflationary pressure, sources said Thursday.The Ministry of Knowledge Economy recently held talks with local oil companies and called for a “soft landing” approach when they move to mark up gasoline and diesel fuel after July 6, they said.In April, SK I
June 23, 2011
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HTC unveils first 4G phone, tablet
HTC on Thursday unveiled its EVO 4G smartphone and Flyer 4G tablet, the first fourth-generation smart devices to hit the nation. Starting July 1, the Taiwan-based smartphone maker will be distributing the phones via KT Corp. Prices have yet to be set. Both the phone and the tablet will be capable of transmitting data at up to three times as fast as current smartphones, HTC said. HTC unveils its EV
IndustryJune 23, 2011
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Ministry plans heavier speeding fines
The Ministry of Land, Transport and Maritime Affairs unveiled a draft package of traffic safety measures at a public hearing in Seoul on Thursday, which consists of increased speeding fines, brighter crosswalks and tougher penalties for drunk driving. Though the number of deaths from road accidents in Korea has declined by nearly half over the last decade to about 5,500 in 2010, the figure per 10,
June 23, 2011
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Business leaders call for lower taxes
Local chambers of commerce join to press government to stick to tax policyRepresentatives of one of the nation’s top private economic organizations on Thursday called for the government and politicians to stay committed to tax reduction to help the corporate sector. “Tax reduction is necessary to enhance corporate competitiveness and attract foreign capital,” the heads of the country’s 71 regional
IndustryJune 23, 2011
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Global chip market forecast to grow 7.2%
The worldwide semiconductor market is forecast to expand 7.2 percent in 2011 from last year, driven by robust demand for smartphones and tablet PCs, a market researcher said Thursday.Revising up its earlier forecast, IHS iSuppli estimated that global semiconductor revenues will reach $325.9 billion this year, compared with $304.1 billion in 2010. It previously estimated 7 percent annual growth.The
IndustryJune 23, 2011
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Watchdog vows to curb household debt
Korea’s financial watchdog plans to curb excessive growth of household debt by tightening banks’ loan-to-deposit ratios and requiring non-bank institutions to raise loan-loss reserves, its head said Thursday.Korea is grappling with snowballing household debt as heavy indebtedness is feared to crimp economic growth by putting restraints consumer spending. The government plans to unveil a set of mea
June 23, 2011
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Eximbank should focus on overseas projects: minister
Korea Eximbank should focus on long-term projects of a global scale as the key export credit agency of the country, Finance Minister Bahk Jae-wan said Thursday. Speaking at a forum organized by the state-run bank, Bahk said, “The Bank should reduce short-term products such as trade financing, which can be mainly provided by the private sector, but increase mid- to long-term financing for large-sca
June 23, 2011
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Emergence of big investment bank not in sight
Failure of two brokerages’ merger dims prospectsThe nation is facing a stumbling block in establishing a large-scale investment bank although the chief financial regulator has unveiled a policy toward activation of IB businesses.The pessimistic view comes after KDB Financial Group failed to take over Woori Financial Group amid an uneasy sentiment between the two state-run financial companies.There
June 23, 2011
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Samsung launches Galaxy S2 in Japan
Samsung Electronics Co., the world’s No. 2 mobile-phone maker, said Thursday that it has released the Galaxy S2 smartphone in Japan through the country’s largest mobile carrier, hoping to build on the popularity of its earlier model. NTT DoCoMo Inc. has started sales of Samsung’s latest Android smartphone earlier in the day, Samsung said in a statement. The Korean company added that the latest Gal
IndustryJune 23, 2011
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LG-Ericsson aims for sales peak
LG-Ericsson said Thursday that it hoped the launch of its Long Term Evolution network would give it the top spot in the country’s telecommunications industry.Lee Jae-ryung, chief executive officer of LG-Ericsson, said that the company expects to surpass its peak sales figure of 1.1 trillion won recorded in 2008 with the nationwide introduction of fourth generation LTE networks.“It’s difficult for
IndustryJune 23, 2011
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Nexon, CJ E&M sign publishing agreement for Sudden Attack
Online game publishing companies Nexon and CJ Entertainment and Media agreed Tuesday to jointly publish the popular Sudden Attack from July 11.People will be able to access the free-to-play first person shooter game on both CJ E&M’s Netmarble and Nexon’s platforms until July 10, 2013, officials at Nexon said.The agreement was signed after debate was sparked on May 30 when CJ E&M began publicizing
IndustryJune 23, 2011