Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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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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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Samsung chairman Lee departs for IOC briefing
Samsung Electronics chairman Lee Kun-hee left for the International Olympic Committee’s headquarters in Lausanne, Switzerland, on Tuesday.PyeongChang, like all cities bidding to host the 2018 Winter Olympics, is to participate in an official technical briefing at the organization’s headquarters from May 18-19. Lee is one of the IOC’s 110 members. Lee was escorted by his son Lee Jae-yong, a preside
IndustryMay 10, 2011
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Yeosu Expo kicks off celebrations
Prime minister to visit the port city to drum up supportEvents marking the start of the 365-day run up to the International Exposition Yeosu Korea 2012 kicked off Tuesday with a concert and celebrations in Yeosu, South Jeolla Province.The three-month expo will be held at the southern port city from May 12, 2012 until Aug. 12. The upcoming expo is the second international exposition held in Korea,
IndustryMay 10, 2011
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EU firms pledge $510m investment in Korea
Investment focuses on renewable energy and material industriesFive EU-based companies pledged to invest $510 million in Korea, the Ministry of Knowledge Economy announced Tuesday.The pledges ― two memoranda of understanding and three notifications of investment ― were made at an event held in Berlin attended by Minister of Knowledge Economy Choi Joong-kyung.The two memoranda of understanding were
IndustryMay 10, 2011
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World IT Show highlights media changes
Samsung, LG, KT, SKT to feature gadgets, up-to-date communications technologiesThe 2011 World Information and Technology Show will take place in southern Seoul for four days beginning Wednesday, putting the focus on the new paradigm of multimedia and display.With the theme “Get IT Smart,” the show has prompted the participation of 500 firms, such as well-known local and overseas electronics makers
IndustryMay 10, 2011
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Smart appliances prepare to find groove
Consumers are attracted by efficiency, but don’t want them to control their livesA refrigerator that’s so smart it automatically updates you on what food should go in the trash. A washing machine that can diagnose its’ own malfunctions and suggest the right fix. These are not home appliances from the next century; they are the gadgets available to the smarter users of today.LG Electronics in April
IndustryMay 10, 2011
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Renewables major part of world energy
U.N. Climate change panel says 80% of energy needs could be met by renewables by 2050ABU DHABI (AFP) ― Renewable energy could meet nearly 80 percent of the world’s energy needs by mid-century and play a crucial role in fighting global warming, the U.N.’s climate scientists said Monday in a major report. The 194-nation Intergovernmental Panel for Climate Change said renewable sources had grown rapi
IndustryMay 10, 2011
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Microsoft close to deal for Skype
IndustryMay 10, 2011
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China’s trade surplus jumps to $11.4 billion
BEIJING (AP) ― China reported an unexpectedly large April trade surplus, likely fueling U.S. pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.China’s global trade surplus widened to $11.4 billion as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed Tuesda
IndustryMay 10, 2011
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Greece hit by new downgrade on debt fears
EU officials say Greece may need more help with debt as S&P downgrades Greek bondsLONDON (AP) ― Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout.Experts from the European Union and the International Monetary Fund
IndustryMay 10, 2011
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S. Korean woman dies from unidentified virus
A South Korean woman died on Monday at a Seoul hospital of pneumonia caused by an unidentified virus, the disease control agency said.The 36-year-old woman died in the morning in the intensive care unit at the hospital after being admitted last month for tuberculosis, according to the Center for Disease Control (CDC). The death marks the first mortality here caused by an unidentified virus, it sai
TechnologyMay 10, 2011
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U.S. full face transplant patient makes appearance
BOSTON (AP) -- The nation's first full face transplant recipient said the first thing his young daughter told him when she saw him after the operation was ``Daddy, you're so handsome.''Dallas Wiens, sporting a goatee and dark sunglasses, joined surgeons Monday at Brigham and Women's Hospital in Boston in his first public appearance since the 15-hour procedure in March.This picture shows facial tr
TechnologyMay 10, 2011
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FSC chief skeptical about sharing probe rights
A top government financial regulator on Monday expressed his concern about public criticism of the financial supervisory authorities following a series of scandals.Speaking at a meeting with reporters, Financial Services Commission Chairman Kim Seok-dong admitted his responsibility for the bribery scandals at the Financial Supervisory Service, an executive arm of the FSC.“I, as the chief regulator
May 9, 2011
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Korea, Japan open working-level FTA talks
South Korea and Japan held director-general level talks on a bilateral free trade agreement in Seoul on Monday.Monday’s meeting was the second to be held by director-general level officials from the two countries since the first round of talks held on Sept. 16 in Tokyo.At the latest talks, officials from the two countries discussed non-tariff barriers and other trade-related issues, and plans for
May 9, 2011
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Telecom companies to jointly set up WiFi networks
The wireless Internet connection through WiFi networks in public places is set to improve following joint efforts from the nation’s three telecommunication companies to set up more networks. Industry sources on Monday said the trio ― SK Telecom, KT Corp. and LG Uplus ― has already reached a consensus on the need to jointly establish networks at city halls, airports, train stations and government a
IndustryMay 9, 2011
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Business tycoons likely to miss FKI meeting
The buzz about the May 19 meeting of the Federation of Korean Industries’ executives has begun to fizzle as industry sources said chiefs of the nation’s top conglomerates are unlikely to attend. Samsung Electronics Chairman Lee Kun-hee, LG Group Chairman Koo Bon-moo, SK Group Chairman Chey Tae-won and Hyundai Motor Chairman Chung Mong-koo have all tentatively notified the FKI that they will not be
IndustryMay 9, 2011
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SK Chemicals aims for W3tr sales by 2015
Company aims to earn W2tr from green chemicals businessSK Chemicals will aim to make 3 trillion won ($2.8 billion) in sales in 2015, chief executive Kim Chang-geun recently told his company, SK Chemicals said Monday.SK Chemicals is a pharmaceuticals and chemicals maker affiliated to the country’s third largest conglomerate, SK Group. The company currently holds the largest share of Korea’s market
IndustryMay 9, 2011
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Four financial groups may see 10 trillion won in profit
Four major financial groups are expected to reap more than 10 trillion won ($9.3 billion) in combined net profit this year, mainly buoyed by revised accounting standards.The market is focusing on the growing feasibility of their all-time high earnings as they reported remarkable earnings during the first quarter.Profits posted by the four groups ― KB, Woori, Shinhan and Hana ― reached 2.6 trillion
May 9, 2011
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Ex-FSS, BOK officials on troubled banks’ payrolls
Data shows practice leads to collusion between lenders and watchdogOne in three savings banks suspended in the last decade had hired former officials from the financial watchdog or the central bank as auditors, a report said.Analysts said the data demonstrates long-held collusive ties that public agencies have had with the lenders they supervise.The findings by the Korea Federation of Savings Bank
May 9, 2011
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LVMH gains, Gucci declines in brand value
Louis Vuitton, the French maker of laminated canvas handbags, is the world’s most valuable luxury brand for the sixth consecutive year, a research group said. The brand, owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA, has a value of $24.3 billion, an increase of 23 percent from 2010, according to Millward Brown Optimor’s 2011 BrandZ study published Monday. That’s almost as much as the co
IndustryMay 9, 2011
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Darwin's travels may have led to illness, death
Charles Darwin (AP-Yonhap News) BALTIMORE (AP) -- The very travels that inspired Charles Darwin's theory of evolution and shaped modern biology may have led to one of the illnesses that plagued the British naturalist for decades and ultimately led to his death, modern researchers say. Darwin's ailments are the topic of an annual conference in Baltimore on Friday that offers modern medical diag
TechnologyMay 9, 2011