Most Popular
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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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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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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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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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Why is a Porsche like a peacock‘s tail? And who wants to date a guy in a Honda Civic?
A Porsche 911 Black Edition is seen at the Porsche SE annual shareholders meeting in Stuttgart, Germany, on Friday, June 17, 2011. (Bloomberg-Yonhap News)Everyone knows the racier the car, the racier the hormones.Now, researchers at the University of Minnesota have brought scientific precision to that age-old observation. To wit:Sexual signalling really works _ but not necessarily the way a young
TechnologyJune 21, 2011
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Aerosol reflectors in space proposed as climate change solution
Rajendra Kumar Pachauri, Chair of the Intergovernmental Panel on Climate Change IPCC speaks during the opening of the Nansen Conference on Climate Change and Displacement in the 21st Century in Oslo Monday June 6. 2011. (AP-Yonhap News)An U.N. body plans to develop a radical geo-engineering technology to blast aerosol "mirrors" in the space to tackle climate change, the Telegraph reported.The Int
TechnologyJune 21, 2011
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Hyundai-Kia top Asian carmaker in Europe
Hyundai Motor and its affiliate Kia Motors have secured the No. 1 position in sales among Asian carmakers in the European market, outstripping Toyota Motor.According to the European Automobile Manufacturers’ Association, Hyundai-Kia sold 58,585 vehicles in 28 European countries in May, grabbing 4.7 percent of the market.Though the two affiliated companies saw their market share inch down 0.5 perce
June 20, 2011
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Korea may struggle to meet power demand
Korea may be hard pressed to meet an expected hike in summer power use as demand growth is likely to exceed the country’s supply capabilities, the government said Monday.The country’s maximum power demand from June through August is forecast to rise 7 percent on-year to 74.77 million kilowatts, while supply will likely go up 6.2 percent to 78.97 million kilowatts, the Ministry of Knowledge Economy
June 20, 2011
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Samsung Electronics enters Japanese LTE market
Samsung Electronics marked its splash into the global fourth-generation telecom market in earnest with a contract for providing long-term-evolution equipment to Japan’s second-largest mobile phone operator.Samsung will be offering its LTE equipment to KDDI to help the firm launch its LTE services starting next year, the Seoul-based electronics company said on Monday.LTE is the fourth-generation of
IndustryJune 20, 2011
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Softbank aims for world top 10 in 30 years
CEO Son says company will help renewable energy industry through Internet technologyMasayoshi Son, chairman of Softbank Corp., said Monday that the company aims to be listed as one of the world’s top 10 firms in market capitalization in the next 30 years.In a press conference held in downtown Seoul, the 53-year-old chief executive officer said the firms belonging to the top 10 list have changed ra
IndustryJune 20, 2011
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Economy to expand 4.5% in 2011: KIET
Korea’s economic growth is expected to expand 4.5 percent on-year in 2011 as the steady pace of the global economic recovery contributes to more exports, a state-run think tank said Monday.The forecast by the Korea Institute for Industrial Economics and Trade is up from its earlier prediction of 4.3 percent.Last year, the Korean economy, Asia’s fourth-largest, expanded 6.2 percent. “The economy wi
June 20, 2011
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Think tank chiefs call for additional rate hike
The heads of Korea’s major think tanks Monday emphasized the importance of the nation’s continued efforts to “normalize” macroeconomic policies, citing a sufficient amount of liquidity unleashed in the domestic market.In their meeting with Finance Minister Bahk Jae-wan in central Seoul, they also shared the view that Korea’s economy is faced with growing external risks from slowing recovery in adv
June 20, 2011
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POSCO listed as world’s most competitive steelmaker for 2nd time
The steelmaker POSCO announced Monday that it was ranked top in the U.S.-based steel industry analysis firm World Steel Dynamics’ World-Class Steelmaker’s list for the second consecutive year. In this year’s report, World Steel Dynamics rated 34 steelmakers in 23 categories including technological capability, profitability and access to raw materials. POSCO scored 8.12 points to take the top spot.
IndustryJune 20, 2011
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STX to build shipyard in Russia
STX Corp. announced Monday that it signed a memorandum of understanding on building a shipyard for Russia’s state-run shipbuilder United Shipbuilding Corp. at the international economic forum held in St. Petersburg on Friday.Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg. The c
IndustryJune 20, 2011
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40-hour week means no new mobiles on Saturdays
Mobile retail outlets will not be able to activate new mobile phones on Saturdays starting from next month as the government plans to enforce the 40-hour per week work scheme for smaller workplaces.The country’s three mobile carriers ― SK Telecom, KT Corp. and LG Uplus ― said that electronics systems at the mobile retail outlets will not function on Saturdays beginning July 1.The move comes as the
IndustryJune 20, 2011
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Hyundai Securities hit by network glitch
Cyber network problems have occurred again in the nation’s brokerage sector, following similar cases in NH Investment & Securities, Leading Investment & Securities, and Dong Yang securities earlier this year.Customers of Hyundai Securities suffered troubles in their online investment in stocks for about an hour early Monday due to a glitch in the brokerage firm’s network system.The investors could
June 20, 2011
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Customs agency uncovers overseas money laundering
The largest money-laundering scam conducted through overseas tax-havens has been uncovered by the Korea Customs Service.According to reports, the Korea Customs Service uncovered a money laundering scam by a local intermediate trading firm involving foreign currencies valued at 762.5 billion won ($704.1 million).The company imports petrochemical products, which it then exports to other markets. The
June 20, 2011
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[Herald Inteview] Korean banks’ short-term external debt rising: Fitch
Credit rating agency Fitch noted the rising short-term external debt held by Korean banks in recent months, but said its portion relative to overall external debt was still sustainable.“The South Korean government has been trying to reduce the industry’s short-term external debt but the level is back on the rise,” Andrew Colquhoun, Fitch’s head of Asia Pacific sovereign ratings, said in an intervi
June 20, 2011
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World Bank sees Korea as global role model
Korea can provide a role model for sustainable growth to other emerging economies, a senior World Bank official said in Seoul on Monday.Inger Andersen, vice president of World Bank’s sustainable development unit, is seeing ample potential in Korea’s human resources and technological prowess. “Korea has a lot to offer,” she said in an interview on the sidelines of the Global Green Growth Summit in
IndustryJune 20, 2011
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Global forum touts green growth paradigm
Participants share promoting green growth as a fresh driver for future economyPoliticians, scholars and industry leaders Monday touted a global shift toward green growth and called for enhanced cooperation to tackle the environmental challenges facing mankind.About 90 academics, businessmen and officials from 25 national governments and international institutions shared views at the first Global G
IndustryJune 20, 2011
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Nintendo may fail to replicate Wii success as iPhone games bloom
Takaki Kawatsu, a 33-year-old real estate agent, says he’ll be among Nintendo Co. customers who will pass on the company’s next Wii game console. “I bought the original Wii because it was popular, new and seemed like a great item to have at a party,” said Kawatsu, who owned the game console for four years before selling it three months ago. “This time, there is nothing surprising or fresh.” Kawats
IndustryJune 20, 2011
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Rising mortgage rates could dampen spending
Mortgage rates hit a 30-month high fueled by Bank of Korea’s rates hike this month, raising concerns for damaging effects to the economy.On June 10, the central bank raised the benchmark rate by 0.25 percentage points to 3.25 percent in an effort to counter the rising inflationary pressure. Against market expectations, the central bank had kept the rates frozen for two consecutive months in April
June 19, 2011
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Korea’s public debt soars in first quarter
Korea’s public debt jumped by more than 50 trillion won ($46 billion) in the first quarter of this year as governments and public corporations increased borrowing to meet their financial needs, data showed Sunday.According to the data by the Ministry of Strategy and Finance and the Bank of Korea, debts owed by the central government, provincial administrations, state-invested companies and social
IndustryJune 19, 2011
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Cnet picks Samsung’s PDP TV as best TV
Cnet.com, a major U.S. technology review site, selected Samsung Electronics Co.’s plasma display panel (PDP) TVs as the best TV of the year, industry sources said Sunday.Cnet said the D8000 series, which consists of a string of Samsung’s PDP TV models, outperformed rivals’ products released in the U.S. market this year, according to a Samsung official.Judges of the U.S. review site evaluated desig
IndustryJune 19, 2011