Most Popular
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Harris, Trump face off as North Korea tests US on Election Day
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[Out of the Shadows] Seoul room clubs offer drugs to compete for clientele
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Trump wins US election, foreshadows policy shift
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Changing K-pop stars: idols begin to speak out
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Yoon congratulates Trump
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Seoul eyes expanding foreign caregiver pilot program
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North Korean leader may seek another summit with Trump, but chances for deal seen as slimmer
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South Korean won tumbles after Trump wins US presidential election
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‘Jang-making’ likely to get UNESCO recognition
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From Bush to Biden: How North Korea sees US elections
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Mercedes adds C-Class coupe to U.S. line to top BMW
Daimler AG’s Mercedes-Benz, seeking to become the top-selling luxury brand in the U.S., added a two-door compact C-Class to its lineup to attract younger buyers from Bayerische Motoren Werke AG’s BMW.The C-Class coupe, which arrived at dealerships this month, may boost sales of the nameplate by as m
MobilityOct. 2, 2011
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Kia may overtake Hyundai at home
Automaker to launch K9, K3, TAM to expand local market sharesKia Motors Corp. has been in close competition with its affiliate Hyundai Motor Co. in domestic sales, narrowing the gap between them in market share.Hyundai Motor Group is focusing on the possibility that Kia will catch up with Hyundai wi
MobilityOct. 2, 2011
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‘Why’ is designer’s most critical question: Bangle
World-renowned designer calls work with Samsung inspiring and challengingFollowing is the sixth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. An upcoming visit by visionary designer Chris B
IndustryOct. 2, 2011
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Earnings forecast for listed firms worsens on global woes
SEOUL, Oct. 2 (Yonhap) -- The outlook for listed companies' 2012 earnings is rapidly taking a turn for the worse as the global financial crisis is feared to dent their performances, a report showed Sunday.At the end of last month, local securities companies put the combined operating profit of 65 ma
Oct. 2, 2011
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National debt expected to rise by over 25 tln won in 2012
SEOUL, Oct. 2 (Yonhap) -- South Korea's national debt is likely to rise by more than 25 trillion won (US$21.1 billion) in 2012 from this year due to an increase in state bond issues, a government report showed Sunday.According to the report by the finance ministry, the country's national debt is est
Oct. 2, 2011
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S. Korea signs anti-counterfeiting agreement
SEOUL, Oct. 1 (Yonhap) -- South Korea on Saturday joined a multilateral accord aimed at combating counterfeiting and piracy of intellectual properties, Seoul's trade ministry said.A group of 11 parties have been in negotiations over the agreement, but eight countries, including Japan, the U.S., Sing
Oct. 2, 2011
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Korean stocks to lose ground on U.S. woes next week
South Korean shares will likely lose ground next week despite growing hopes of a solution for the European debt crisis as concerns over a U.S. economic slowdown will cause downward pressure, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,769.65 on Friday,
Oct. 1, 2011
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Korea's trade surplus shrinks to $1.44 bln in Sept.
South Korea's trade surplus shrank significantly from a year earlier in September as imports grew faster than exports, the government said Saturday.The country's trade surplus reached US$1.44 billion last month, down from $4.41 billion in the same period last year, according to the Ministry of Knowl
Oct. 1, 2011
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Industrial output shrinks for second month in Aug.
South Korea’s industrial output shrank for the second straight month in August amid growing uncertainties surrounding global market situations, a government report showed Friday.According to the report by Statistics Korea, production in the mining and manufacturing industries fell 1.9 percent last m
Sept. 30, 2011
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Hyundai Motor names Kim as new president
Kim Choong-hoHyundai Motor president and co-CEO Yang Seung-suk has resigned for personal reasons and Kim Choong-ho, chief of domestic sales, will take over as new head of the automaker, the company said on Friday.Kim, 60, will be in charge of domestic sales, marketing and business strategy, part of
MobilitySept. 30, 2011
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[URGENT] Hyundai Motor president resigns
Hyundai Motor president and co-CEO Yang Seung-suk has resigned for personal reasons and Kim Choong-ho, chief of domestic sales, will take over as new president for the automaker group, the company said on Friday.Kim Choong-hoKim, 60, will be in charge of domestic sales, marketing and business strate
MobilitySept. 30, 2011
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Samsung Electronics may post 3.5 trillion won in profit for Q3
Samsung Electronics, Asia’s largest technology company, pulled off record earnings last year, but its revenue and operating income for 2011 might underperform heightened expectations, analysts said on Friday.Samsung posted an operating profit of 17.3 trillion won ($14.7 billion) on revenue of 154.6
TechnologySept. 30, 2011
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Korea to monitor prices of products influenced by forex
South Korea will closely monitor products whose prices could be influenced by currency exchange rates as part of its efforts to bring the nation’s runaway inflation under control, the top economic policymaker said Friday.The remarks by Finance Minister Bahk Jae-wan came amid worries that the won’s r
Sept. 30, 2011
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Sempio to unveil soy sauce cotton candy
Local condiment maker Sempio Foods Co. said Friday it would unveil its soy sauce cotton candy on Sunday. In Japan, ice cream and candies that use soy sauce have already been enjoyed. But it is the first time in the world that cotton candy has been made of soy sauce, the company said. Based on the id
IndustrySept. 30, 2011
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FTC, retailers in discord over shared growth
Major department stores on Friday expressed concerns about antitrust authorities’ inspections into their shared-growth efforts with smaller businesses that could start as early as on Oct. 4. Early last month, the Fair Trade Commission reached an agreement with 12 department stores, supermarket chain
IndustrySept. 30, 2011
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Humidifier sterilizer alert issued
The Korea Consumer Agency on Friday urged Koreans to refrain from using humidifier sterilizers, which have been blamed for mysterious deaths of five infants and a pregnant woman. The Korea Centers for Disease Control and Prevention is looking into 28 cases of lung disease with an unidentified cause
IndustrySept. 30, 2011
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LG Display stresses localization in China
HONG KONG (Yonhap News) -- South Korea's LG Display Co. said Friday localization is a priority in its China business in order to further expand its presence in the world's No. 2 economy."For LG Display, China is not a mere market" said Lee Bang-soo, LG Display's vice-president of public affairs and
Sept. 30, 2011
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NASA identifies 90% of largest near-Earth asteroids
LOS ANGELES (AP) -- If you're worried about a killer asteroid wiping out Earth, NASA has some good news.The space agency said Thursday it has identified more than 90 percent of giant, potentially Earth-threatening asteroids, including ones as big as the one thought to have killed the dinosaurs eons
TechnologySept. 30, 2011
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Three medical students sentenced to prison for sexual abuse
Three former medical students from one of South Korea's most prestigious universities were sentenced to jail on Friday for sexually harassing an inebriated female schoolmate during a trip. (Yonhap News)The Seoul Central District Court sentenced a 23-year-old male student surnamed Park, one of
TechnologySept. 30, 2011
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'Alarm clock' gene identified
The human body has a so-called alarm clock gene that wakes up even if one hasn’t set the bedside alarm, U.S. researchers say.Researchers at the Salk Institute for Biological Studies in La Jolla, Calif., said they identified a new component of the biological clock, a gene responsible for starting the
TechnologySept. 30, 2011