Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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‘Kids absorb 1.5 times the electro waves of adults’
Research showed Monday that a five-year-old takes in 1.5 times more electromagnetic waves than a 20-year-old.According to research conducted by a team at the Electronics and Telecommunications Research Institute, children’s maximum specific absorption ratio for the waves was much higher than for adults.The maximum SAR for a five-year-old boy was 124 microwatts per kilogram, while the figure was 83
May 23, 2011
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Shares tumble 2.64 percent on foreign selling
Korean stocks plunged 2.64 percent on Monday as foreign investors unleashed holdings on falling risk appetite, analysts said. The local currency dipped against the U.S. dollar.The benchmark Korea Composite Stock Price Index plunged 55.79 points to 2,055.71. Trading volume was moderate at 289.8 million shares worth 6.24 trillion won ($5.7 billion), with losers far outnumbering gainers 691 to 146.“F
May 23, 2011
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Bidding for 7 savings banks to begin today
Bidding competition for debt-saddled ailing savings banks in business suspension will be launched Tuesday, according to the Korea Deposit Insurance Corp.The state-run KDIC has decided to make a public notice for sale of the seven savings banks on Tuesday, aiming to select preferred bidders by July.In a bid to induce close competition and fast conclusion of deals, the government agency will lower t
May 23, 2011
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Rising utility bills, food costs fan inflation fears
The government is considering raising public utility prices in the coming months to correct the growing deficit by major public corporations plagued by rising raw material and production costs.Burdened by rising prices in grain, sugar, corn and wheat, food makers are also expected to raise the prices of processed foods in the second half. Seoul is mulling raising subway fares by 300 to 400 won aft
May 23, 2011
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Internet bosses woo world leaders at ‘e-G8’
PARIS (AFP) ― The world’s most powerful Internet and media barons gather in Paris on Tuesday in a show of strength to leaders at the G8 summit, amid international rows over online access, copyright and regulation.Top executives from online giants like Google, Facebook and Microsoft will tout the economic potential of the Internet, which their host, French President Nicolas Sarkozy, has put on the
IndustryMay 23, 2011
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Korea’s consumer confidence slumps in Q1: report
South Korea’s consumer confidence index scored 51 in the first quarter of this year, marking the lowest since the first quarter of 2010, Nielson said Monday. The index figure appears to have been weakened by the rising inflation rate following unusual weather conditions and food-and-mouth disease outbreaks, the market research firm said. In the same period, global consumer confidence index rose t
May 23, 2011
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Creditors may delay Hynix sale into June
Creditors of Hynix Semiconductor Inc. said Monday that they may kick off the process to sell a major stake in the second-largest computer memory chipmaker next month, delaying the sale from their previous schedule. Creditors, including Korea Exchange Bank, Woori Bank and state-run Korea Finance Corp., had initially planned to start the process to sell their combined 15 percent stake in Hynix
IndustryMay 23, 2011
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GM Korea unveils Cruze hatchback in Seoul
(Yonhap News) GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., on Monday introduced its all-new hatchback, the Chevrolet Cruze5, in South Korea, adding what it called a "sexy and smart" vehicle to its Chevrolet lineup. Based on GM's mid-size passenger car the Chevrolet Cruze, the hatchback comes in two trims -- with a 1.8-liter gasoline engine or a 2.0-liter turbo diese
MobilityMay 23, 2011
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Irrespective of sanctions, Lone Star could sell shares to Hana Financial
Financial regulatory officials have floated the possibility that Lone Star Funds could be ordered to sell most of its controlling stake in Korea Exchange Bank under a punitive action.Such a scenario could raise the issue of whether the Texas-based buyout fund would still be allowed to choose a particular investor, including Hana Financial Group, to dispose of the KEB shares.The headquarters of Kor
May 22, 2011
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Resources development rush boosts revenue, fund investment
Korean firms’ aggressive drive to explore overseas resources is shoring up their revenue and helping them secure a stable supply while boosting public demand for commodity investment products. Natural resources such as oil, gas and rare metals have been deemed a promising revenue source by companies including POSCO, STX and Hyundai Heavy Industries amid energy price surges. The developers are sett
IndustryMay 22, 2011
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TV makers take third of global market
About a third of televisions sold across the world during the first quarter of the year were produced by South Korean firms, a report showed Sunday.According to a report by the display market research firm DisplaySearch, Samsung Electronics sold 8.87 million flat panel televisions during the period taking 18.5 percent of the 47.9 million-unit global market. During the same period, LG Electronics s
IndustryMay 22, 2011
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Volvo Cars back in black for full-year 2010
China-owned Volvo Cars on Thursday said it was back in the black in 2010 following an 11.6 percent rise in sales over the previous year.“During 2010, we witnessed a turn-around in the car market and we have now returned to profitability,” chief executive Stefan Jacoby said in a statement.Volvo Cars said its operating EBIT (earnings before interest and taxes) was $361 million.It added it sold about
MobilityMay 22, 2011
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Audi Korea launches app for iPad
Audi Korea, the local importer of luxury German car brand Audi, said it launched an iPad application for customers to view Audi magazine. The free application allows iPad users to keep up with the latest news about the German cars and promotional offers.Audi magazine, sent to its customers on a quarterly basis, not only covers Audi products but also contains exclusive interviews with sports stars
MobilityMay 22, 2011
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Toyota starts gearing up U.S. production
Toyota released a bit of good news Wednesday as its U.S. operation announced it would return to 70 percent production capacity by June.As Japan’s infrastructure recovers from the mammoth March earthquake and tsunami, parts were flowing again into the important U.S. market. U.S. production had fallen to 30 percent of capacity in May, with most factories closed for much of each week.Toyota said it p
MobilityMay 22, 2011
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Jaguar Land Rover offers wedding cars
Jaguar Land Rover said it is offering wedding cars for couples who have their marriage ceremony at the Shilla Hotel in Seoul. An all new XJ, the British carmaker’s flagship model, will be offered to Shilla customers on their way to their honeymoon, the company said.“Young couples nowadays are looking for unique wedding experiences and their taste for wedding cars has been changing fast too. We hop
MobilityMay 22, 2011
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BMW offers discount on repairs
The local unit of German carmaker BMW Group said it will offer a 20 percent discount on repairs for its older sedans and convertibles, including the M3, X3, Z3 and Z4.The “refresh” campaign will be available for BMW customers whose cars have been registered before April 30, 2006. The offer will be available until June 3 at the company’s official service centers across the country. BMW Korea launch
MobilityMay 22, 2011
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Renault targets 100,000 car sales in return to India
Renault SA aims to sell 100,000 cars a year in India by the end of 2013, as the French automaker introduces its first model in the Asian country since exiting a joint venture with Mahindra & Mahindra Ltd. last year.The carmaker will introduce the Fluence sedan May 23 in New Delhi and plans to sell as many as five models by December 2012, when it expects to have 100 dealers across the country, Marc
MobilityMay 22, 2011
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Two-wheelers gain amid soaring gas prices
Rising gas prices may be inconvenient but they make scooters and motorbikes better options, especially with summer just around the corner. Compact motorbikes have been gaining popularity among riders, particularly those in their 20s and 30s looking to add style to their riding experience. Scooters and motorbikes come with fuel efficiency of at least 30km per liter, making them especially attractiv
MobilityMay 22, 2011
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IMF approves $36.8b loan to Portugal
WASHINGTON (AFP) ― The International Monetary Fund on Friday approved a 26-billion-euro ($36.8 billion) three-year loan to Portugal as part of a European Union bailout of the struggling eurozone country.The “front-loaded” program makes about 6.1 billion euros “immediately available to Portugal” from the IMF, the Washington-based institution said in a statement.“The financing package is designed to
IndustryMay 22, 2011
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Germany backs Lagarde for IMF job
BERLIN (AP) ― Germany’s finance minister on Saturday added to a chorus of calls for France’s Christine Lagarde to become a new leader of the International Monetary Fund.Lagarde has emerged as a front-runner to replace Dominique Strauss-Kahn, also of France, who resigned this week to face charges in New York that he tried to rape a hotel maid. He denies the charges. French Finance minister Christin
IndustryMay 22, 2011