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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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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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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[News Focus] LH Corp. relocation move spurs controversy
Reports on the alleged selection of Jinju as site for head office anger Jeolla politicians, residentsAllegations that state-run land developer Korea Land & Housing Corp. headquarters in Gyeonggi Province would be relocated to Jinju, South Gyeongsang Province are prompting uproar from its rival region of North Jeolla Province.The news came on Sunday from a high-ranking ruling Grand National Party o
IndustryMay 2, 2011
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Inflation slows on price control, fresh food supply
Consumer prices rise 4.2 percent on-year in AprilInflation in April slowed to 4.2 percent on-year, down from a 29-month high of 4.7 percent a month earlier on Seoul’s price controls and lower fresh food prices, a government report said Monday. The figure still exceeded the Bank of Korea’s inflation target of 2 to 4 percent for the fourth consecutive month but was slower than the 4.3 to 4.6 percent
May 2, 2011
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Aekyung chief donates W3b to KAIST
Aekyung Group Chairwoman Chang Young-shin donated 3 billion won ($2.8 million) to the Korea Advanced Institute of Science and Technology, the company said on Monday. “Based on the belief that natural science and engineering is the way to reviving national competitiveness, we give this donation with hope that KAIST will increase its efforts to help foster intelligent young minds who will guide the
IndustryMay 2, 2011
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All That Cruise readies Korea’s largest liner
Cruise ship operator All That Cruise announced Monday that it will begin operating cruise tours from January.The vessel, tentatively named the Hallyu Star, will be used on routes covering China, Japan and Southeast Asian destinations. Hallyu is a Korean word meaning “Korean wave” that refers to the popularity of Korean pop culture in other countries. While other Korea-based cruise operators have t
IndustryMay 2, 2011
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‘Greentech’ to drive KEPCO’s growth
Energy company to invest 3 trillion won, aiming to reach global top fiveState-run Korea Electric Power Corp. said it is to spend 3.1 trillion won ($2.8 billion) to foster environmental technologies including carbon capture storage and smart grids as its fresh growth drivers. “Should KEPCO win in the global ‘green race’ with its challenges and aspirations for green growth, it would be able to lead
IndustryMay 2, 2011
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Sony chiefs ‘sorry’ for security breach
Executives bow in apology for security breach in PlayStation Network online serviceTOKYO (AP) ― Sony executives bowed in apology Sunday for a security breach in the company’s PlayStation Network that compromised the personal data of some 77 million accounts on the online service.“We deeply apologize for the inconvenience we have caused,” said Kazuo Hirai, chief of Sony Corp.’s PlayStation video ga
IndustryMay 2, 2011
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Male doctors more likely to misbehave: study
(MCT)SYDNEY (AFP) - Male doctors are four times more likely to be disciplined for misconduct than female medics, according to a new Australian study which found the biggest cause of complaint was sexual misbehavior.Researchers at the University of Melbourne analyzed 485 cases where doctors had been found guilty of misconduct and disciplined in Australia and New Zealand between 2000 and 2009.They f
TechnologyMay 2, 2011
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Amid ‘war on obesity,’ skeptics warn of stigma
As U.S. tries to curb obesity, some fear increasing discrimination against the overweightThe images are striking: Overweight boys and girls staring somberly from billboards and online videos, real-life embodiments of the blunt messages alongside.“Chubby kids may not outlive their parents,” for example. Or: “Big bones didn’t make me this way. Big meals did.”The ads ― part of a new “Stop Child Obesi
TechnologyMay 2, 2011
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Seoul shares hit new high on earnings, bin Laden's death
Korean stocks finished at a fresh high on Monday as investor sentiment was boosted by strong U.S. earnings reports and news of Osama bin Laden's death, analysts said. The local currency climbed against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose1.67 percent to 2,228.96. Trading volume was thin at 298 million shares worth 8.32 trillion won ($7.8 billion) with gaine
May 2, 2011
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Consumer prices grow 4.2% in April
Korea's consumer prices grew at a slower pace in April, but they still remained relatively high, raising concerns price hikes might undercut the overall momentum of the economic recovery, a report showed Monday.According to the report by Statistics Korea, the country's consumer price index jumped 4.2 percent last month from a year earlier. It was slower than the previous month's 4.7 percent gain b
May 2, 2011
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Netizens slam parents of baby vs. dog video
(YouTube)Commenters have criticized the content of a YouTube video called “Baby And Dog Fight Over Food,” which shows a baby agitating a german shepherd by trying to steal its food.In the video, a baby repeatedly snatches the dog’s bowl while the animal is eating. Although the baby tries hard to keep the bowl, the dog reclaims its food with its front legs and concentrates on eating. Commenters rep
TechnologyMay 2, 2011
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Package of tax, loan supports set for builders
Investors will also get tax benefitsThe government said Sunday it would extend tax benefits to real estate investors in the Seoul metropolitan area and widen financial support for local builders as a way of shoring up the sluggish housing market.In their joint statement, the Land Ministry, the Finance Ministry and the Financial Supervisory Commission said the government will urge banks to roll ove
IndustryMay 1, 2011
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Korea mulling cutting 2011 growth forecast
The South Korea government is considering lowering its projection of economic growth in 2011 to around the upper range of 4 percent while upping its inflation projection to the upper range of 3 percent due to the rising oil prices, sources said Sunday.The Korean government has been targeting around 5 percent economic growth this year while containing inflation at 3 percent, but mounting inflationa
May 1, 2011
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[Herald Interview] From kiwi to beef, Chile looks for greater access
Chile has been a reliable provider of agricultural products to Korea for many years and is looking to expand and hasten new products into the local market.Beef is big business and one that brings heated debate whenever a new country is looking to establish its product in the minds of local consumers.Currently, Korea bans beef from countries that do not vaccinate their cattle against foot and mouth
May 1, 2011
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Korea posts $5.82b trade surplus in April
South Korea’s trade surplus surged to $5.8 billion in April, up sharply from $2.8 billion the previous month on brisk exports of petroleum products and ships, the Ministry of Knowledge Economy said Sunday. Exports rose 27 percent on-year to $49.77 billion last month, with imports rising 24 percent to $43.95 billion, according to the ministry.“The record-high export numbers were the result of local
May 1, 2011
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STX Group chairman targets global market
DALIAN, China ― On Friday, STX Group announced the “Vision 2020” at its shipyard in Dalian, China at an event celebrating the group’s 10th anniversary. The group hopes to become one of South Korea’s seven largest conglomerates with combined sales of 120 trillion won ($112 billion) by 2020.STX Group Kang Duk-soo, however, says that he has his eyes set on the global market. STX Group chairman Kang D
IndustryMay 1, 2011
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Hyundai, Kia launch hybrid Sonata, K5
Hyundai Motor Group’s two carmakers Hyundai Motor Co. and Kia Motors Corp. are receiving orders for their first gasoline-hybrid electric vehicles from Monday.While the carmakers had introduced hybrid electric vehicles based on the compact cars Avante and Forte with liquefied natural gas-electric powertrain, the hybrid Sonata and K5 are their first gasoline-electric hybrids.The vehicles are fitted
IndustryMay 1, 2011
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[Herald Interview] Woman’s touch puts Sempio on the map
In just a month, Sempio Foods has raised its target for the sales of “A Hundred Years” to 60 billion won ($55.9 million) by 50 percent after watching the bottles of citron vinegar fly off the shelves. Behind the smash hit is Suh Dong-soon. The 46-year-old director of marketing is the first female executive at the condiment maker in its 65 years in business. Sempio director of marketing Suh Dong-s
IndustryMay 1, 2011
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Asiana lounge in Incheon named best in Asia-Pacific
Asiana Airlines said Sunday the company’s lounge in Incheon International Airport was picked as the best lounge in the Asia-Pacific region by Priority Pass.The country’s No. 2 air carrier said that its lounge, located on the third floor of the departure section at the airport, was named the Priority Pass lounge of the year in Asia-Pacific, after the group conducted an annual online vote. People r
IndustryMay 1, 2011
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Paralyzed Nonghyup banking system normalized
The nation’s largest banking network at Nonghyup has been normalized since Saturday after weeks of paralysis, which prosecutors suspect was caused by a cyber attack from North Korea.South Korea’s prosecution reportedly said they found evidence of break-ins by Internet Protocol addresses similar to that of the hacker hired by North Korea for the 2009 cyber attack of the presidential office Cheong W
May 1, 2011