Most Popular
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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Contentious grain bill put directly to plenary meeting for vote
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Why is Apple Pay struggling to get purchase in Korea?
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Today’s K-pop] BTS pop-up event to come to Seoul
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[Graphic News] More Koreans say they plan long-distance trips this year
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Yoon's approval rating plunges to all-time low
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Fed: Elevated inflation will likely delay rate cuts this year
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Samsung Electronics’ Q1 hit by LCD prices, tablet sales
The first quarter operating profit of Samsung Electronics, the world’s largest maker of TVs and flat-screen monitors, stood at 2.9 trillion won ($2.66 billion) to mark its smallest quarterly revenue in seven quarters after falling 34 percent from a year earlier, the company said on Thursday.Sales were at 37 trillion won, up 6.8 percent year-on-year, according to Samsung during an earnings guidance
IndustryApril 7, 2011
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LG Uplus introduces wireless N-Screen service
LG Uplus said Thursday it introduced a wireless N-Screen service which enables sharing of data on multiple platforms for mobile phones, tablet PCs, televisions and personal computers.The company said people could easily use the service, dubbed “Uplus Shoot and Play,” by downloading the application on their devices without uploading content or making other inter-device connections.The service is cl
IndustryApril 7, 2011
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Top regulator pledges to increase inspectors
Financial Supervisory Service Gov. Kwon Hyouk-se reiterated Thursday that he would increase the manpower directing probes of financial companies by reshuffling the regulatory body.Kwon, who took office as the chief financial regulator a week ago, told reporters that he would prioritize increasing the ratio of inspectors among FSS staffers in coming months.He cited the slashed ratio of inspectors ―
April 7, 2011
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Korea to contain price hikes of farm products
The government said Thursday that it plans to tackle the recent spike in the price of farm and fisheries products that has contributed to rising inflationary pressure.The announcement by the Ministry for Food, Agriculture, Forestry and Fisheries came after soaring costs for food helped send growth in consumer prices to a 29-month on-year high of 4.7 percent in March. Of total gains, prices for far
April 7, 2011
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Fee war rages among Korean brokers after wrap account stampede
Korean investors were crushed by the market crash that swept the world three years ago. The Seoul stock exchange’s KOSPI Index lost 41 percent during 2008, while the most popular mutual fund fell 39 percent.High-net-worth stock pickers looking for better performance have found Seo Jae-hyeong.Seo’s Korea Creative Investment advisory firm works with brokerages to sell Koreans “wrap accounts” ― packa
April 7, 2011
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Mobile carriers face price fixing probe
Korea’s three mobile service providers are being probed for illegal price fixing after a local civic group filed complaints with the state anti-trust regulator, business sources said.Sources said Fair Trade Commission inspectors carried out on-site inspections at SK Telecom, KT Corp. and LG Uplus on Wednesday, with emphasis placed on checking factory prices of smartphones and the possibility that
IndustryApril 7, 2011
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SC to continue to invest in Korea
Standard Chartered First Bank pays first dividendBritish banking giant Standard Chartered Plc will continue to invest in Korea, its head said Thursday, dismissing speculation that planned closures of some of its branches here may indicate retreats in its investment.“Our business here in Korea is the core part of growth,” Peter Sands, chief executive officer of Standard Chartered, said at a press c
April 7, 2011
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[Herald Interview] Nestle hopes for more ties with Korean suppliers
Nestle S.A., the world’s largest food company, is seeking to boost its beverage and coffee machinery purchase from innovative Korean manufacturers, one of the firm’s high-ranking officials said Thursday. The firm saw the biggest potential of local companies in its leading technologies and dynamics, said Ruguo Hu, head of equipment & system of Nestle R&D Centre Shanghai. The Shanghai R&D center is
IndustryApril 7, 2011
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KNOC spurs overseas resources development
State-run oil firm also seeks to diversify business to crude alternatives State-run Korea National Oil Corp. is stepping up overseas development projects and expanding its portfolio into alternative resources in bid to boost the country’s energy security. Korea, the world’s fifth-largest importer of crude oil, has been vulnerable to global oil price volatility and uncertainties in the market, espe
IndustryApril 7, 2011
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Thyroid gone awry: Grave’s disease
Jerry is a 39-year-old air force pilot whose exceptional agility and speed in maneuvering fighter planes earned him the nickname “Smokin’ Jeeves.” Over the last three months, however, Jerry noticed it was increasingly difficult to achieve the same degree of high performance during his routine physical training exercises. More recently, he felt as though “his heart was beating out of his chest” aft
TechnologyApril 7, 2011
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Surge in emergency CT scans for kids raises concern
CHICAGO (AP) ― Soaring numbers of kids are getting CT scans in emergency rooms, a study found, raising concerns some may be exposed to adult-sized radiation doses and potential risks for cancer down the road.The number of ER visits nationwide in which children were given CT scans surged from about 330,000 in 1995 to 1.65 million in 2008 ― a fivefold increase. The number of kids’ ER visits didn’t i
TechnologyApril 7, 2011
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Severance hospital treats patients with skill, experience
This is the second in a series of articles on international clinics at major medical centers in Seoul. ― Ed.Severance Hospital’s international health care center is the oldest medical facility dedicated to foreign patients in Korea.Established in 1962, the clinic has looked after tens of thousands of foreigners residing in Korea. Recently, it has expanded its care to foreigners outside the country
TechnologyApril 7, 2011
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Trace amount of radiation found in Jeju Island rainwater
A trace amount of radioactive contaminants has been detected in rainwater on Jeju Island off South Korea's southern coast, a state nuclear safety agency said Thursday.The Korea Institute of Nuclear Safety (KINS) said tests conducted on rainwater that fell in the early morning hours of the day showed minuscule traces of iodine-131, cesium-134 and cesium-137.Concentration levels of 2.02 becquerels (
TechnologyApril 7, 2011
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FMD dents demand for Korean beef, pork
Korean beef promotion event is held in Suwon, Gyeonggi Province. (Yonhap News)About half of Korean consumers cut spending on beef and pork due to concerns over foot-and-mouth disease, which has spread nationwide since November and caused significant damage, a survey conducted by Nielsen Company showed Tuesday. The survey was conducted on 1,000 internet users in major cities in Korea including Seou
April 7, 2011
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Korea has highest rate of antibiotic usage
(MCT)An OECD report rates South Korea highest in antibiotic usage, a troubling sign for those concerned about antibiotic-resistant diseases. OECD Health Data 2010 Report said that Korea’s antibiotic use is 31.4 DDD (defined daily dose), the highest among all nations surveyed. Netherlands has the lowest usage of antibiotics at 12.9 DDD. The report was presented at an international symposium Wednesd
TechnologyApril 7, 2011
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Samsung's Q1 profit falls on weak TV, tablet demand
Samsung Electronics Co., the world's largest maker of memory chips, liquid crystal display (LCD) panels and TVs, estimated Thursday that its first-quarter operating profit fell 34.2 percent from a year earlier as weak demand hurt its LCD and tablet businesses. Samsung estimated its operating income for the January-March period at 2.9 trillion won (US$2.67 billion), compared with 4.41 trillio
TechnologyApril 7, 2011
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Most people’s job switches down to salary: study
(MCT)While people move from one company to another for many different reasons, a recent study showed that the biggest factor is salary.In a survey by Korea-based recruitment portal Saramin, about 41.5 percent of respondents who had changed jobs said salary was the main reason. About 2,057 people participated in the research, with 65.8 percent of respondents having experience of moving in their car
April 7, 2011
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S. Korea regains status as top winner of new ship orders in Q1
South Korea recaptured its status as the world's leading shipbuilding nation in terms of new orders in the first quarter by beating China by a wide margin, industry data showed Thursday. According to data compiled by London-based market researcher Clarkson Research Services, South Korean shipbuilders won a combined 3.29 million compensated gross tons (CGTs) in new orders in the January-March pe
April 7, 2011
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Samsung puts Q1 operating profit at 2.9 tln won
Samsung Electronics Co., the world's top maker of memory chips, liquid crystal display (LCD) panels and TVs, estimated Thursday it had posted an operating profit of 2.9 trillion won (US$2.67 billion) for the January-March period. The preliminary estimate represents a 34.2 percent drop from an operating profit of 4.41 trillion won a year ago, Samsung said in a regulatory filing. It is also th
IndustryApril 7, 2011
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LG Chem plant boosts global leadership
CEO says company will seek to supply electric-car batteries to Japanese firmsOCHANG, North Chungcheong Province ― LG Chem, the nation’s largest chemical company, sees South Korea having a global edge as a supplier of lithium batteries for electric vehicles, including in markets such as Japan. Renewing the firm’s pledge to join hands with international carmakers to lead the world’s battery industry
IndustryApril 7, 2011