KIC calls off plan to raise BOA stake

Sovereign wealth fund Korea Investment Corp. said Thursday it won’t buy additional Bank of America shares, postponing its earlier plans to increase its stake of 69 million shares in the bank.“We decided to call off purchasing additional shares with the dividend from our existing stake. It has been p

Sept. 29, 2011

Study: Dialysis 3 times weekly might not be enough

LOS ANGELES (AP) -- A major study challenges the way diabetics and others with failing kidneys have been treated for half a century, finding that three-times-a-week dialysis to cleanse the blood of toxins may not be enough.Deaths, heart attacks and hospitalizations were much higher on the day after

TechnologySept. 29, 2011

Study: Dads less likely to die of heart problems

Fatherhood may be a kick in the old testosterone, but it may also help keep a man alive. New research suggests that dads are a little less likely to die of heart-related problems than childless men are.The study -- by the AARP, the government and several universities - is the largest ever on male fe

TechnologySept. 29, 2011

Scores got sick, 1 died trying to kill bedbugs

ATLANTA (AP) -- Bedbugs don’t make you sick. But the poisons used to kill them can.A government study released Thursday found that dozens of Americans have fallen ill from the insecticides, and a North Carolina woman died after using 18 cans of chemical fogger to attack the tiny blood suckers.Becaus

TechnologySept. 29, 2011

Build resistance to flu-type illnesses

Everyone must have had a cold.And flu is one of the most common acute diseases, which can easily strike a whole family at once. However, not many people can tell how to prevent flu-type illnesses easily. Influenza, or flu, is a respiratory infection caused by a variety of viruses. They are composed

TechnologySept. 29, 2011

Eating just the right amount

Have you ever kept eating even when you are full?Overeating can cause not only weight gain but also gastroesophageal reflux, which can damage the internal organs. Prof. Kim Jong-gab of Konkuk University Institute of Body Culture Study said people nowadays are more likely to overeat than in the past.

TechnologySept. 29, 2011

Korea‘s population aging faster than advanced nations

More than one out of 10 people in South Korea were aged 65 or older last year, data showed Thursday, indicating the nation is aging at a faster pace than other major advanced nations.According to the data provided by Statistics Korea, the number of people in the senior age group came to 5.36 million

Sept. 29, 2011

Korea to open world’s 11th super science computing hub

South Korea will soon open a super science data computing hub capable of processing more than 20 petabytes of information, joining a select group of 10 countries that operate such a facility, the science ministry said Thursday.The new Global Science Experimental Data Hub Center (GSDC) will begin ser

TechnologySept. 29, 2011

Air Asia X slashes fares as it seeks expansion in Korea

Air Asia X, a Malaysian long-haul low cost carrier, is offering flights to Kuala Lumpur for as little as 100,000 won ($85) as part of its drive to expand its presence in the Korean market.According to the company’s CEO Azran Osman-Rani the limited time offer, which ends on Oct. 4, is only a small pa

IndustrySept. 29, 2011

Gmarket rewards merchants for making overseas sales

Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on

IndustrySept. 29, 2011

Income gap between firms, household widens faster

The income growth rate of Korean corporations jumped rapidly last year, widening the gap with the growth trend of household income, the Bank of Korea data showed on Thursday.The total income of firms here was tallied at 280.6 trillion won ($240 billion) in 2010, up 18.3 percent from a year earlier.

Sept. 29, 2011

Korean Air awarded for top first class cabin

Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel

IndustrySept. 29, 2011

China tells police to use social media

China has ordered police nationwide to make more use of social networking sites to ensure greater openness and "dispel misunderstandings", the state Xinhua news agency said Tuesday.Huang Ming, vice-minister of public security, delivered the message at a conference on Monday aimed at helping law enfo

TechnologySept. 29, 2011

Samsung, Microsoft expand smartphone partnership

NEW YORK (AP) -- Microsoft and Samsung Electronics have agreed to cross-license each other's patent portfolios, with Microsoft getting royalties for the mobile phones and tablets Samsung sells that run the Android operating system.Microsoft Corp. and Samsung Electronics Co. said Wednesday that they

TechnologySept. 28, 2011

Samsung hints at all-out war against new iPhone

Samsung Electronics Co. will seek a global sales ban on the upcoming iPhone as part of an all-out war against Apple Inc., a high-ranking company official said Wednesday, signaling a shift in its position on the deepening legal row.Samsung, which is embroiled in some 20 patent lawsuits with Apple aro

TechnologySept. 28, 2011