Most Popular
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After opposition U-turn, Korea to repeal plan for financial capital gains tax
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[Breaking] North Korea fires short-range ballistic missiles: JCS
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Amid record-low approval rating, Yoon forgoes Assembly budget address
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Gangnam Station ramming suspect to face detention
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South Korea and Central Asia set stage for first summit
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Local food festivals enjoy unexpected popularity as snacks go viral
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Ruling party leader condemns North Korea troop dispatch as crime against humanity
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Harris, Trump face off as North Korea tests US on Election Day
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‘Children have the right to great stories': Head of Astrid Lindgren Award stands firm against book ban
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SK chief vows to tackle AI bottleneck along with Nvidia, TSMC
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Google+ the fastest-growing social network ever
WASHINGTON (AFP) ― Google is a latecomer to social networking but its new site, Google+, is growing much more rapidly than Facebook, Myspace and Twitter did in their early days, technology experts said Tuesday.While Google+ may be the fastest-growing social network ever, it remains to be seen, howev
IndustryAug. 3, 2011
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U.S. automakers warn of fragile demand
IndustryAug. 3, 2011
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Spain, Italy debt risk premiums hit euro-era records
MADRID (AFP) ― Italian and Spanish sovereign debt risk premiums soared to euro-era record highs Tuesday, threatening to ensnare two major eurozone countries in an expanding debt crisis.Spain’s prime minister delayed plans to leave on vacation and Italy’s finance minister met with the central bank an
IndustryAug. 3, 2011
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U.S. avoids default, but fails to dispel fears
IndustryAug. 3, 2011
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Apple fined for illegal collection of location data in S. Korea
South Korea‘s telecom regulator said Wednesday that it decided to slap a fine on Apple Inc. for illegally collecting iPhone users’ location data.Apple violated the country‘s location information laws and was ordered to pay a 3 million won ($2,829) fine, the Korea Communications Commission said in a
TechnologyAug. 3, 2011
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Gyms take the work out of workout
BALTIMORE ― Go ahead and bang a drum, hang from the curtains and spin that hula hoop. Gym instructors say it’s good for you, even if you don’t realize it.The unconventional workouts are part of a movement to keep the masses focused on their fitness by disguising exercise as playtime, like spinach in
TechnologyAug. 3, 2011
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Fake Ikea store thrives in China
A fake Ikea store is operating in Kunming, China, where stores selling Apple counterfeits were recently detected, according to the Netherlands online newspaper nu.nl.The shop is named “11 Furniture,” which sounds similar to “Ikea” in Chinese. The interior and exterior design of the building featurin
Aug. 3, 2011
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Long life is in the genes: study
WASHINGTON, Aug 3, 2011 (AFP) - Israeli researchers studied a population of Ashkenazi Jews who have lived to age 95 and older and found that their eating and lifestyle habits were no better than those of the general population.In fact, men in the long-lived group drank slightly more and exercised le
TechnologyAug. 3, 2011
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Fatty foods tell your brain to be happy
A team of Belgian scientists claimed they found out the reason why emotionally stressed people stretch out for sweet junk food.Comfort from absorbing fatty foods is not just derived from the pleasant experience of eating but also through gut-brain signaling, said scientists from University of Leuven
TechnologyAug. 3, 2011
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Asian stocks fall amid worries over US economy
Asian stocks fell Wednesday amid increasing pessimism over economic prospects in the United States, despite the country having avoided a potentially catastrophic debt meltdown.Japan's Nikkei 225 index declined 1.7 percent to 9,675.46. South Korea's benchmark Kospi fell 2.3 percent to 2,072.59. Stock
Aug. 3, 2011
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Samsung will launch new Galaxy Tab in Australia as planned
Samsung Electronics Co. said Tuesday that it will release the new version of its Galaxy Tab tablet computer in Australia this month as scheduled, denying media reports that Apple Inc.'s lawsuit has prompted the Korean company to postpone sales there."The Galaxy Tab 10.1 model for the Australian mark
IndustryAug. 2, 2011
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BOK buys gold for first time in 13 years
Foreign reserves rise to record-high $311 billion in JulyThe Bank of Korea said Tuesday it bought 25 tons of gold in the June-July period ― its first purchase since the 1997-98 financial crisis.The purchase touched off speculations about its motives at a time when gold prices are hitting record high
Aug. 2, 2011
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Demand for hybrid sedans rising
Hyundai Motor and Kia Motor are posting a rapid growth in sales of hybrid sedans at home, following outstanding performances in the U.S. market.In July, about 15 percent of Hyundai-Kia’s customers who purchased the automakers’ Sonata and K5 picked the hybrid version of the sedans, Hyundai Motor Grou
MobilityAug. 2, 2011
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Minister’s remarks on salaries irk business community
Minister of Knowledge Economy Choi Joong-kyung, who has made several stern comments about large companies’ practices, once again earned the ire of the country’s business community on Sunday.This time, the minister’s remarks were aimed at executives and their huge paychecks, ruffling the feathers of
IndustryAug. 2, 2011
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Social commerce company in U.S. buys Korea’s Ticket Monster
LivingSocial, the No. 2 social commerce provider in the U.S. after Groupon, has acquired South Korea’s biggest player Ticket Monster (TMon), underscoring the popularity of discount deals through social network services amid the dearth of mergers and acquisitions in other sectors. TMon said on Tuesda
Aug. 2, 2011
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Conglomerates may follow Samsung’s MRO selloff ...
Speculation is rising that the country’s large businesses will follow Samsung’s newly unveiled plan to withdraw from business involving procuring maintenance, repair and operation supplies.Korea’s top conglomerate said Monday its flagship electronics unit and eight other affiliates plan to sell a co
IndustryAug. 2, 2011
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Farmers threaten to halt milk production
Price negotiations with dairy companies stalled amid concern over milk shortageConcerns over a nationwide milk shortage are escalating as farmers threatened to halt Wednesday’s milk supply to dairy companies, demanding a price increase.The government continued on Tuesday last-minute efforts to media
IndustryAug. 2, 2011
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Watchdog puts 2 more firms on watch list
South Korea’s antitrust watchdog said Tuesday that it has placed two more companies on its watch list that limits mutual investments and loan guarantees.According to the Fair Trade Commission, the number of companies on the list stood at 1,580 from a total of 55 business groups as of Monday, compare
Aug. 2, 2011
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Korea to begin work at tidal power plant
South Korea plans to begin operations at a tidal power plant in Sihwa, Gyeonggi Province, on Wednesday, the Ministry of Land, Transport and Maritime Affairs said Tuesday.Ministry officials said it decided to advance the operating schedule by three months in consideration of rising demand of electric
Aug. 2, 2011
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Foreign bank units see profits fall
Branches’ combined income slides 43 percent year-on-yearForeign bank branches in South Korea saw their earnings plunge in the first half of this year, hurt by losses linked to the sharp rise in the value of the Korean won and interest rate fluctuations, the country’s top financial regulator said Tue
Aug. 2, 2011