Most Popular
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N. Korea fires multiple short-range ballistic missiles toward East Sea
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Samsung’s yearly dilemma looms: Exynos vs. Snapdragon
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Yoon to visit Prague next week to forge 'nuclear energy alliance'
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Is NewJeans leaving Hybe?
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1 in 4 Korean workers extend Chuseok holiday with paid leave: survey
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Life sentence finalized for killer in Sillim rampage
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Korea removes over 1,300 Chinese-made security cameras from barracks
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N. Korea publicly discloses uranium enrichment facility for 1st time
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Celltrion secures contract to supply Herzuma to Brazil for 5th year
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What comes after love? Ex-lovers cross paths in new Coupang Play series
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Quiet digital revolution under way in North Korea
PYONGYANG, North Korea (AP) -- As his right hand grips the mouse, the physics major's eyes are fixed on a flat-screen monitor labeled with a red sticker reminding him the computer was a gift from Kim Jong Il.People work on library computers at the Grand People's Study House in Pyongyang, North Korea. North Korea is undergoing a digital revolution of sorts, even as it holds some of the strictest c
TechnologyJuly 25, 2011
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Major employers hire more high school graduates
Banks, major firms expand hiring of high school graduatesAll eyes are now trained on the corporate sector amid high expectations that South Korean companies at large would hire more high school graduates following an unprecedented move in the banking sector. Last week, Korea’s 18 banks said they would double their hiring quota for high school graduates, largely prompted by the government’s policy
July 24, 2011
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TV stations to talk with cable networks
The conflict between terrestrial and cable television operators over broadcast rights is expected to take a new turn as chiefs of terrestrial TV stations agreed to form a negotiation panel last Friday.In a meeting organized by Choi See-joong last week, chairman of the state media regulator, representative of five major broadcast stations ― SBS, KBS, MBC, EBS and OBS ― said a panel must be formed t
July 24, 2011
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Supermarkets see slower growth on rising competition
Supermarkets saw the smallest sales increase among retailers during the first quarter of the year affected by rising consumer prices and the increase in the number of other forms of retailers.According to Statistics Korea, the combined first quarter sales of supermarkets in the country rose 3.4 percent to about 5.9 trillion won ($5.6 billion), while other types of retailers saw double-digit growth
IndustryJuly 24, 2011
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TV makers wrestle with flimsy sales
Korea’s electronics giants Samsung and LG are grappling with faltering television businesses as slack demand in wealthy countries and nose-diving display prices combined to dent their second-quarter earnings.Samsung Electronics, the world’s top TV producer, estimated its operating profit at 3.7 trillion won ($3.5 billion) in the three months to June, down nearly 27 percent year-on-year. LG Display
IndustryJuly 24, 2011
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Kakao Talk moving to launch Internet call services
Competition is heating up between mobile messenger operators in Korea as Kakao Talk, the formidable smartphone application, appears to be developing its internet phone call services. Industry watchers said Sunday the venture firm has been recruiting engineers who have experience in mobile voiceover Internet protocol, technology that enables voice and multimedia communications between users via bro
IndustryJuly 24, 2011
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Hyundai’s Chung pushes hybrid car marketing
Hyundai Motor Group chairman Chung Mong-koo has instructed his staff to actively publicize at home and abroad that Hyundai Motor and Kia Motors have become global players with competitive technologies. Chung Mong-kooDespite marked growth in overseas sales, Hyundai and Kia had failed to garner international acknowledgement in the core technology sector.But this year, Chung’s pride and promotion str
MobilityJuly 24, 2011
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Prada Korea shuns good causes
Prada Korea transferred most of its net profits for 2009 to its parent firm, while providing nothing in the way of social contributions to Korea, placing the company among foreign firms accused of turning a blind eye to social causes.The Korean vendor of the Italian fashion brand is wholly owned by Prada Far East, based in the Netherlands. According to Prada Korea’s regulatory filings, more than 1
IndustryJuly 24, 2011
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Foreign capital liquidity...tops regulatory agenda
Policymakers worried about EU debt crisisThe nation’s chief financial regulator has picked stabilization of the foreign exchange market as the most urgent task in the financial market.Over the weekend, Financial Services Commission Chairman Kim Seok-dong pledged to put priority on securing liquidity in banks’ foreign currency trading, saying that the issue was “the No. 1 regulatory target for this
July 24, 2011
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Mitsubishi takes positive view on green cars
MobilityJuly 24, 2011
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Kia launches K2 on Chinese market
Kia Motors Corp., South Korea second largest carmaker, has launched the small-medium K2 sedan in China. Kia’s compact sedan K2. (Yonhap News)More than 500 prominent figures, including Chinese government officials and executives from Hyundai Automotive Group, attended the function in Chengdu, Sichuan province, on July 20.Kia officials said K2 is a compact car strategically designed for Chinese cust
MobilityJuly 24, 2011
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Renault Samsung’s departing CEO proud of growth
Jean-Marie Hurtiger, the outgoing CEO of Renault Samsung Motors Co., expressed satisfaction over the achievements in his nearly six-year reign and urged the company to continue localizing automotive components. Jean-Marie HurtigerIn his final official interview as chief, Hurtiger said he is proud to have renewed all of RSM’s vehicles, including the SM3, SM5, SM7 and QM5, as well as leading its cus
MobilityJuly 24, 2011
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Kia’s focus on design bears fruit
Kia Motors Corp., the nation’s second-largest carmaker, is increasingly betting on cutting-edge design to expand its market share, and the effort is showing off.Kia vehicles were taking over the first ever Automotive Brand Contest organized by the German Design Council in the past week. It was the winner in four categories. It was ranked “Best of the Best” after the compact Sportage SUV, Rio and a
MobilityJuly 24, 2011
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Porsche eyes supercar for growth
Porsche AG may develop a supercar positioned higher than the 911 GT2 RS to broaden its line-up and sustain growth as orders cool from record deliveries last year. The car could be combined with additional variants of the Cayman and Boxster as well as extended-wheelbase and convertible versions of the Panamera four-door coupe, Bernhard Maier, Porsche’s sales chief, said in an interview. It would ai
MobilityJuly 24, 2011
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Kakao Talk moving to launch internet call services
Competition is heating up between mobile messenger operators in Korea as Kakao Talk, the formidable smartphone application, appears to be developing its internet phone call services. Industry watchers said Sunday the venture firm has been recruiting engineers who have experience in mobile voiceover Internet protocol, technology that enables voice and multimedia communications between users via bro
TechnologyJuly 24, 2011
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Prada Korea sends most of earnings to overseas parent
Prada Korea transferred most of its net profits for 2009 to its parent firm, while providing little in the way of social contributions to Korea, placing the company among foreign firms accused of turning a blind eye to social causes.The Korean vendor of the Italian fashion brand is wholly owned by Prada Far East, based in the Netherlands. According to Prada Korea’s regulatory filings, more than 15
IndustryJuly 24, 2011
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Tall people more likely to get cancer
Research suggests that tall people are at greater cancer risk as the likelihood of developing the disease rises by 16 percent for every extra 10cm in height in both sexes, the Telegraph reported.Dr. Jane Green and her colleagues, who published the finding in The Lancet Oncology, point to two reasons for such correlation.“One possible reason is fairly obvious -- tall people have more cells so there
TechnologyJuly 24, 2011
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Fake Kia ad stripped of Cannes award
Creatives of a Brazilian campaign agency, Moma Propoganda, have been banned from next year’s Cannes Lions International Festival of Creativity after they used fake Kia Motors ads to win two awards at the Cannes awards.Intended to promote the Kia Sportage’s dual-zone hot-and-cold climate control feature, the agency creatives illustrated family-friendly images on one side, juxtaposed with adult fant
IndustryJuly 24, 2011
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S. Korea's GNI forecast to jump to $30,000 by 2014: finance minister
JEJU ISLAND, South Korea, July 23 (Yonhap) -- South Korea's gross national income (GNI) is forecast to grow to $30,000 per capita by 2014 before increasing by an additional $10,000 in the four years that follow, the finance minister said on Saturday."Our country's gross national income may exceed $30,000 in the first quarter of 2014 and $40,000 in 2018," Finance Minister Bahk Jae-wan said in a for
July 23, 2011
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SC First Bank’s striking workers to fly to London for protest
The striking labor union at SC First Bank said that it would fly to Britain on Saturday to visit the bank’s headquarters in London as part of its fight against management in Korea.Speaking at a news conference in Seoul on Friday, the union members said they plan to hold a joint news conference with Britain’s labor organizations and to request a meeting with Standard Chartered PLC CEO Peter Sands.T
July 22, 2011
