Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
Rapper jailed after public street fight with another rapper
-
6
Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
-
7
[Weekender] How DDP emerged as an icon of Seoul
-
8
[KH Explains] No more 'Michael' at Kakao Games
-
9
Woman gets suspended term for injuring boyfriend with knife
-
10
Med schools expect 1,500+ new admission slots next year
-
Lenovo launches ‘LePad’ in China
SHANGHAI (AFP) ― Chinese computer giant Lenovo has launched its own tablet computer at home as it tries to compete for a share of an increasingly crowded market dominated by Apple’s iPad.The LePad ― powered by Google’s Android software ― was launched in China on Monday at a Chinese-media only event.Lenovo will begin selling LePad directly to Chinese consumers this week through its own retail store
IndustryMarch 29, 2011
-
Korea to nurture new growth technologies
South Korea is pushing a 1.5 trillion won national project to develop six promising technology sectors that would lead the nation’s growth in future decades.The government has recently set out long-term research and development plans with an aim to join the league of top five international technology powerhouses by 2020. Convergence-based technologies are expected to generate sales of 380 trillion
IndustryMarch 29, 2011
-
Korea to bolster new system for mobile payment
The government, telecom operators, handset makers and credit card companies are teaming up to expedite the development of a new mobile payment technology. The Korea Communications Commission announced Tuesday the launch of a coalition to foster near-field communication technology, which allows shoppers to apply their mobile devices to an electronic reader at the check-out to pay for goods and serv
IndustryMarch 29, 2011
-
SK Telecom, Samsung at war over phone bills
Telecom industry giant and world’s No. 2 phonemaker struggling to shirk blame for high call feesSK Telecom and Samsung Electronics, known for their airtight alliance on phone marketing and sales, are showing signs of a major rift with both parties attempting to shift blame for spiking call fees, according to industry watchers. On the government’s mounting demands on telecom companies to slash the
IndustryMarch 29, 2011
-
Korea-EU FTA to be put to assembly for the third time
The Trade Ministry is to again revise the Korean-language version of the Korea-EU free trade agreement, and resubmit the bill for ratification to the National Assembly for the third time.“The government was recently informed that several errors were found while reviewing the Korea-EU FTA’s Korean translation,” Rep. Nam Kyung-pil, National Assembly’s Foreign Affairs, Trade and Unification Committee
IndustryMarch 29, 2011
-
Banks seek to go global via IB services
Korean commercial and state-controlled banks are seeking to strengthen their investment banking sectors in the belief they will be their new growth engines.Beyond the saturated loan issuance market, most local banks share the view that investment banking is one of many priorities for globalization in the coming years.Among them are KB Kookmin Bank, Woori Bank, Shinhan Bank and Industrial Bank of K
March 29, 2011
-
Kyobo Life bets on pension plans as nation ages
Kyobo Life Insurance Co., Korea’s third-largest life insurer, is seeking to broaden its client base in the retirement pension market by providing custom-tailored products for multinational firms operating here.The company ranks second in the corporate pension segment, with 1.43 trillion won ($1.28 billion) in assets under management as of February. About 2,800 companies adopted Kyobo’s pension pla
March 29, 2011
-
Hynix pins high hopes on specialty products
Memory chipmaker looks to growth in non-PC sector including mobile, graphic, server DRAMHynix Semiconductor Inc., the world’s second-largest maker of computer memory chips, looks to new growth opportunities in specialty products in the premium market.The company’s premium product line-up in the non-PC sector, which includes mobile, graphic and server dynamic random access memory (DRAM), is expecte
IndustryMarch 29, 2011
-
Translation not between languages, but generations
Amid the flooded mobile application market, already awash with new creative programs, another app has been introduced -- to help parents better understand their children.The “Woteva” (slang for “whatever”) app, expected to be officially available by summer, will provide users with definitions of teenagers’ slang, reported the Daily Mail.Due to the Internet and the use of text messages, youngsters
TechnologyMarch 29, 2011
-
S. Korea's current account surplus widens to $1.18 bln in Feb.
South Korea's current account surplus widened in February from the previous month mainly because spending on overseas travel decreased amid still brisk exports, the central bank said Tuesday. The current account surplus reached $1.18 billion in February, up sharply from a revised $154.7 million the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure
March 29, 2011
-
Firms make preliminary bids for Korea Express
Creditors of Korea Express Co. have accepted preliminary bids from three local conglomerates, including steel giant POSCO, to buy Korea‘s largest logistics firm, sources said Monday. Co-sales managers Nomura Securities and the state-run Korea Development Bank (KDB) accepted letters of intent in early March from POSCO, retail giant Lotte Group and leading food conglomerate CJ Group to buy a 37.6 pe
IndustryMarch 28, 2011
-
Korea set to be world’s most aged country in 2050
Seniors to make up 38% of populationResearch forecast Monday that Korea will become the world’s most aged society by 2050, raising an urgent need to prepare a safety net for the elderly and cope with a shrinking labor force.People aged 65 or older are predicted to make up 38.2 percent of Korea’s total population in 2050, according to the report by the Korea Institute of Finance, more than tripled
March 28, 2011
-
POSCO completes new thick-plate plant in Gwangyang
POSCO completed a new thick-plate producing facility within its steelworks in Gwangyang, South Jeolla Province, on Monday.The new plant has an annual production capacity of 2 million metric tons, pushing up POSCO’s total thick-plate production capacity to 7 million tons. Thick-plates are hot-rolled products that are thicker than 6 millimeters used in a variety of products including ships and indus
IndustryMarch 28, 2011
-
Incheon Airport marks decade of rapid growth
Incheon International Airport marks its 10th anniversary Tuesday after a span of rapid growth establishing it as a major Northeast Asian hub and the world’s best airport. The country’s main gateway opened in 2001 and has grown by an average 6 percent per year in terms of passenger numbers, according to the Ministry of Land, Transportation and Maritime Affairs.Though it encountered diverse oppositi
IndustryMarch 28, 2011
-
Homeplus under probe over product description
The Fair Trade Commission said Monday it is looking into whether Homeplus broke the law with an allegedly misleading advertisement for discount LED monitors sold at its stores last week.Homeplus, the country’s No. 2 retail chain, was offering the LED monitors for as low as 199,000 won ($178.56) at its 122 stores nationwide. Some buyers, however, were angry to discover that the monitors were not eq
IndustryMarch 28, 2011
-
KOTRA to support firms’ online marketing
The state-run Korea Trade-Investment Promotion Agency said Monday that it will start assisting local firm’ overseas marketing through online social media. The trade body’s latest move comes as the world’s e-commerce market has been growing rapidly in recent years to reach a size of $9 trillion as of last year, KOTRA said.KOTRA will promote local information technology companies through social netw
IndustryMarch 28, 2011
-
Shinhan looks to Asia for growth
New chairman pledges to regain market confidence after management feudShinhan Financial Group Co. is seeking acquisitions of Asian lenders to increase its presence in the region as domestic growth opportunities stall, its new chairman said Monday.“We’re looking at various ways to enter Asian markets, including M&A,” Han Dong-woo, chairman and chief executive officer, told reporters. The company ai
March 28, 2011
-
Venture aims at billion-seller apps
Podotree, a recently-launched local mobile application venture firm, announced Monday that it aims at 1 billion downloads and 1 trillion won in sales within the next five years.In a press conference held in downtown Seoul, it unveiled its lineup of four applications in three different genres ― story of mankind, inspiring toy and study 101.“The role of podotree is meaningful in that it is not fight
IndustryMarch 28, 2011
-
Samsung, Sumitomo Chemical to align on key LED component
Samsung LED Co. on Monday said that it has agreed with Japan’s Sumitomo Chemical Co. to form a joint venture to produce sapphire wafers that are necessary components of light-emitting diode, a semiconductor light source.The LED manufacturer said the 50-50 venture will be capitalized at 80 billion won ($72 million), with production of sapphire ingots and wafers scheduled to begin early next year.Th
IndustryMarch 28, 2011
-
Sony Ericsson smartphone to debut in Korea in April
Sony Ericsson on Monday said it will be releasing its new smartphone, “Xperia Arc” in South Korea next month through SK Telecom. South Korea will be the second nation to see the launch of Xperia Arc, following the firm’s home turf of Japan.“We want Xperia Arc to be known not only for its design, but as a phone defining new smartphone standards,” said Han Youn-hee, head of the firm’s South Korean m
IndustryMarch 28, 2011