Most Popular
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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Samsung unveils 'personalized AI' for all devices
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Market uncertain on Korea's October rate cut despite slowed inflation
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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Special counsel bill to probe first lady scrapped
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Coldplay to celebrate release ‘Moon Music’ with Han River drone show
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Bahk promotes wet markets to spur domestic demand
Finance Minister Bahk Jae-wan on Wednesday visited a wet market with representatives of business groups, making a timely move to coordinate with the private sector to revive sagging domestic demand. The visit to Sooyu Traditional Market in northern Seoul, along with ruling Grand National Party leader Hong Jun-pyo and Huh Chang-soo, chairman of the Federation of Korean Industries, is aimed at promo
July 20, 2011
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LG Chem logs high sales, Hana Financial profits up
LG Chem, the nation’s leading chemical company, on Wednesday logged record-high quarterly sales of 5.69 trillion won ($5.3 billion) for the second quarter of this year to record a 13.4-percent increase from last year.Operating profit and net profit, however, declined on the back of sluggish market conditions and soaring material costs, the company said. Operating profit stood at 775.4 billion won,
IndustryJuly 20, 2011
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Companies to sue Seoul over ...N.K. sanctions
About 10 South Korean companies are preparing to file a suit against the government over economic losses caused by Seoul’s sanctions on Pyongyang, a businessman said Wednesday.South Korea imposed sanctions on the North last year in retaliation to the communist country’s two deadly attacks on the South that killed 50 South Koreans.The punitive measures suspended all trade and exchange programs with
July 20, 2011
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False public disclosures up on KOSDAQ: KRX
False public disclosures surged on the tech-heavy KOSDAQ stock market this year, the Korea Exchange said on Wednesday. As unfair and misleading disclosures by the listed firms tend to increase volatility and distort stock prices, the KRX had toughened its crackdown on such irregularities last year, resulting in a decrease of incidences. But the practice seems to be returning. In the first half of
July 20, 2011
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FSC strives to boost savings banking
Financial regulators plan to allow savings banks which meet requirements for financial soundness to operate an installment financing business unit.The regulatory decision comes under the Financial Services Commission’s strong commitment to reviving the distressed savings banking industry.Savings banks are required to satisfy two requirements to open an installment financing unit: They should see t
July 20, 2011
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Young women overtake men in job market
Overall job market still dominated by men, especially for workers in their 40s and 50sKorea’s overall job market is still dominated by male workers. But when it comes to new jobs for Koreans in their 20s, the opposite is true.The employment rate among women in their 20s hit 59.2 percent in the April-June period this year, slightly above men’s 58.5 percent, Statistics Korea said Wednesday. The late
July 20, 2011
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Banks’ foreign exchange deposits rise in first half
Korean banks’ foreign currency deposits rose in the first half on solid exports and prospects that the local currency’s sharp ascent may ease soon, industry data showed Wednesday.Foreign currency-denominated deposits at five major banks amounted to $14.56 billion as of end-June, up $2.27 billion from the end of last year, according to industry data.The rise came even as the local currency apprecia
July 20, 2011
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GS Group chief stresses innovation
GS Group chairman Huh Chang-soo called on group executives to go beyond developing new products and services as the group aims to become an “ultra first-rate” corporation. Huh Chang-sooSpeaking at the executives meeting for the third quarter on Wednesday, Huh also said that corporations need to go beyond developing new products and services if they are to address current issues.“The aim of managem
IndustryJuly 20, 2011
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LG Innotek touted for mutual growth efforts
LG Innotek, the LG Group’s component-making affiliate, received the highest score in its cooperative business partnership with smaller businesses, the state-run antitrust regulator said Wednesday.The Fair Trade Commission conducted an evaluation of 21 major conglomerates that have signed a “shared-growth agreement” between March and June. A total of 93 major businesses here have agreed to the volu
IndustryJuly 20, 2011
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LGE making ripples with water treatment drive
Global electronics maker building reputation to attain industry leadershipLG Electronics is increasing the drive to ratchet up its market share in the water treatment industry, a move considered to be both timely and lucrative due to the mounting concerns for water shortage amid a global initiative to promote eco-friendly growth. “Climate change and environmental pollution are expected to continue
IndustryJuly 20, 2011
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Overseas projects fuel KEPCO’s growth
Power plants, resource development complement KEPCO’s business modelKorea Electric Power Corp.’s rapidly expanding overseas portfolio is fueling the company’s growth and its drive to become one of the top five players in the world’s power industry.Earlier this year, the company announced a set of long-term plans under which it aims to raise its annual sales to 85 trillion won ($80.5 billion) by 20
IndustryJuly 20, 2011
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Iran warns it may halt crude supplies to India
TEHRAN (AFP) ― Iran on Tuesday issued a new warning that it will halt supplies of crude to India unless the issue of billions of dollars in overdue payments is resolved.“If the Iranian side feels it cannot receive the money for its exported oil punctually and under desirable conditions, it will reconsider” its crude exports to India, foreign ministry spokesman Ramin Mehmanparast told his weekly pr
IndustryJuly 20, 2011
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PCs start to look like tablets
iPad’s advantages make it a threat to entire computer marketNEW YORK (AP) ― The response by computer makers to the iPad stealing sales from them: Make their PCs more like iPads.The “if you can’t beat ‘em, join ‘em” strategy is prompting a wave of experimentation with the design of the laptop, which has been largely unchanged for two decades. Touch-sensitive screens and the use of Google’s Android
IndustryJuly 20, 2011
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Too much screen time? Experts might say you’re facing technology addiction
DALLAS ― Michael Decker is always reachable. The 42-year-old creative director from Dallas sleeps with his phone nearby on his nightstand. From when he wakes up and checks it until he sets it down before bed, his phone is constantly with him.“It’s an intrusion into your own private life,” he says. “It leads to burnout if you can never turn it off.”Decker, who owns an iPhone, a laptop and an iPad,
TechnologyJuly 20, 2011
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Sound savings banks allowed to offer consumer finance
South Korea plans to permit healthy savings banks to engage in consumer finance in a bid to help them secure stable sources of income, the financial watchdog said Wednesday.The Financial Services Commission (FSC) said consumer finance loans will be allowed for savings banks with more than 10 percent capital adequacy ratio and less than 8 percent sub-standard loan ratio. Consumer finance refers to
July 20, 2011
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Busan Savings Bank draws fresh suspicion for shady land deals
A ruling party lawmaker on Wednesday disclosed fresh allegations of embezzlement involving Busan Savings Bank, insisting that the corruption-ridden lender bought real estate along the southwest coast for inflated prices that were up to 10 times more expensive than the market value.Rep. Ko Sung-doug of the Grand National Party (GNP) said the Busan-based institution, which was suspended in February
July 20, 2011
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Modern baby lives 20 years longer than those before WWII
Compared to the generation born before World War II, modern toddlers reportedly have a life expectancy of 20 years longer, according to a report by the Daily Mail. A nurse inspects a newborn baby at a nursery in a hospital in Taipei. (AFP-Yonhap News)Due to remarkable economic development and medical science, as well as healthier lifestyles and working conditions, average life expectancy is up to
TechnologyJuly 20, 2011
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Sleep deprivation drives us mad
A new study revealed that people who don’t get enough sleep are more likely to blame others depending on the outcome as lack of sleep leads to skeptical and negative judgments, MSNBC reported. (MCT)Associate professor of psychology at the University of Arkansas, David Mastin presented the abstract of his research which linked sleepiness to alteration in people’s thoughts, at SLEEP 2011, the 25th a
TechnologyJuly 20, 2011
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Apple directors talked CEO job with recruiters: report
IndustryJuly 20, 2011
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Samsung betting big on Galaxy Tab 10.1
Samsung Electronics appeared to be full of confidence as it launched its second-generation tablet PC, the Galaxy Tab 10.1, in Korea on Wednesday at the company’s headquarters in southern Seoul. (Samsung Electronics Co.)Shin Jong-kyun, chief of the global electronics company’s mobile business unit, pledged to sell more than five times more tablets than last year, despite the first Galaxy Tab not ha
TechnologyJuly 20, 2011
