Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Weekender] How DDP emerged as an icon of Seoul
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Tensions heighten ahead of first president-opposition chief meeting
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Seoul to provide housing subsidy to married couples with newborns
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[Music in drama] An ode to childhood trauma
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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Rapper jailed after public street fight with another rapper
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New head of doctors' association vows war in case of disadvantage to medical professors
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Hyundai Heavy adds to SMEs R&D support
The world’s largest shipbuilder Hyundai Heavy Industries announced on Tuesday that it would set up a 30 billion won ($27 million) fund for supporting small and medium sized enterprises’ research and development efforts in collaboration with the Small and Medium Business Administration.The shipbuilder and the Small and Medium Business Administration will each be responsible for raising 15 billion w
IndustryFeb. 15, 2011
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Shinhan starts work to restore image
New chairman to put group in gear for competition with KB, WooriHan Dong-woo, nominated to head Shinhan Financial Group, faces the daunting challenge of restoring the group’s reputation and mending in-house frictions. The former vice chairman of the group’s insurance unit was tapped as the next chairman of the nation’s third-largest financial group Monday.Shinhan has suffered a management crisis d
Feb. 15, 2011
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Seoul left behind in bourse consolidation
Global stock exchange tie-ups to reduce trading options for Korea ExchangeA fresh wave of international stock exchange integration poses a bigger challenge to Korea Exchange lagging behind in trading infrastructure and networks with major global players, analysts said.Three major alliances are under way among top bourses in the U.S. and Europe representing more than 40 percent of the world’s trade
Feb. 15, 2011
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Will mobile messengers end texting?
Competition among mobile messenger operators to get more fierceKim Ji-young was dumbfounded to find out that she had not used up all of her mobile text messages when she checked her monthly plan last month.It was unusual for the 30-year-old to be in this situation, for she would normally be charged 10,000 to 20,000 won ($8.88-$17.78) more per month, just on text message fees.When asked what kept h
TechnologyFeb. 15, 2011
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NASA spacecraft speeds toward comet encounter
WASHINGTON, (AFP) - A NASA spacecraft is just hours from its long-anticipated encounter with a comet, and skywatchers hope the flyby will shed light on how the comet's surface has changed since it skimmed by the Sun in 2005.The US space agency's Stardust-NExT mission spacecraft "is within a quarter-million miles (402,336 kilometers) of its quarry, comet Tempel 1, which it will fly by tonight," NAS
TechnologyFeb. 15, 2011
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NASA spacecraft speeds toward comet encounter
WASHINGTON, (AFP) - A NASA spacecraft is just hours from its long-anticipated encounter with a comet, and skywatchers hope the flyby will shed light on how the comet's surface has changed since it skimmed by the Sun in 2005.The US space agency's Stardust-NExT mission spacecraft "is within a quarter-million miles (402,336 kilometers) of its quarry, comet Tempel 1, which it will fly by tonight," NAS
TechnologyFeb. 15, 2011
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Samsung to release low-end smartphone
Device will be priced below $150; company aims to sell 300m cell phones, 7.5m tablet PCs and 6m samrtphones this yearBARCELONA, Spain (Yonhap News) ― Samsung Electronics Co., the world’s No. 2 cell phone supplier, plans to release a cheaper smartphone in an effort to sharply boost its smartphone sales by meeting rising demand for lower-end phones, its mobile chief said Monday. “This year, we will
IndustryFeb. 15, 2011
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Obama lauds S. Korea for wider access to broadband Internet
WASHINGTON, (Yonhap) -- U.S. President Barack Obama on Monday called for more investment in building infrastructure to catch up with South Korea and other outperforming countries.In a message to Congress attached to his budget for the 2012 fiscal year, Obama said the U.S. "lags behind other nations when it comes to the infrastructure of the future," noting that "only 63 percent of American househo
TechnologyFeb. 15, 2011
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S. Korea's female workers up in 2010 on economic recovery
The number of female workers in South Korea grew in 2010 as the economic recovery boosted employment among women job seekers, data showed Tuesday.The average number of female workers came to 9.91 million last year, up 142,000 from a year earlier, according to the data offered by the Ministry of Strategy and Finance and Statistics Korea.Female workers have been on a steady increase in recent years
Feb. 15, 2011
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US sees China as top economy: poll
WASHINGTON, (AFP) - Most Americans believe China is the world's leading economy, even though in reality the rising Asian power's GDP trails that of the United States, a poll said Monday.Some 52 percent of Americans said China was the "leading economic power in the world today," against 32 percent who said their own country, the Gallup poll said. The percentage who said China has soared over recent
Feb. 15, 2011
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Shinhan, Woori pick chairman candidates
Shinhan Financial Group nominated Han Dong-woo, a former vice chairman of the group’s life insurance unit, as the single candidate for its chairman ship Monday.The nation’s third-largest financial group said its candidate selection committee picked Han out of the four potential candidates for the top post.Woori Finance Holdings Co., Korea‘s top financial services company, also named two candidates
Feb. 14, 2011
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30 conglomerates have 231 units in tax havens: data
More than one in 10 overseas corporations owned by Korea’s 30 major conglomerates are based in tax havens, a website reported on Monday.According to online data service provider chaebol.com, Korea’s 30 major business groups operate 231 subsidiaries in tax-havens such as Hong Kong, Luxembourg, Bermuda and the Cayman Islands.Samsung Group topped the list with 38 units in tax havens including Hong Ko
Feb. 14, 2011
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Apple developing smaller, cheaper iPhones: report
WASHINGTON (AFP) ― Apple is developing new lines of smaller and cheaper iPhones and overhauling its software to facilitate users’ access to entertainment, photos and video, The Wall Street Journal reported Sunday.The new device ― code-named “N97” ― will be about half the size of the iPhone 4 and cost about half as much as Apple’s main line of iPhones, the Journal said, citing a person who saw a pr
IndustryFeb. 14, 2011
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Obama budget to cut $1.1 trillion in deficits
Proposal trims defense spending, limits tax benefits for the rich and freezes many domestic programsWASHINGTON (AP) ― President Barack Obama will send Congress on Monday a $3 trillion-plus budget for 2012 that promises $1.1 trillion in deficit reduction over the next decade by freezing many domestic programs for five years, trimming military spending and limiting tax deductions for the wealthy.Jac
Feb. 14, 2011
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Laughing gasreturning as option for laboring moms
CONCORD, New Hampshire (AP) ― Labor pain is nothing to laugh at.Yet.The use of nitrous oxide, or laughing gas, during childbirth fell out of favor in the United States decades ago, and just two hospitals ― one in San Francisco and one in Seattle ― still offer it. But interest in returning the dentist office staple to the delivery room is growing: respected hospitals including Dartmouth-Hitchcock M
TechnologyFeb. 14, 2011
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Korea Resources, Daewoo submit bid for Australian coal miner
Daewoo International Corp., the trading company controlled by Posco, and Korea Resources Corp. made an initial bid for Whitehaven Coal Ltd., an Australian producer with a market value of A$3.6 billion ($3.6 billion).State-run Korea Resources is leading the bid, Kim Beom-suk, a spokesman for Daewoo International said Monday by phone. The offer was confirmed by Kang Shin Young, a spokesman for Seoul
IndustryFeb. 14, 2011
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LG to help nurture bilingual specialists
LG Group said Monday that it would provide bilingual education to 400 children from multicultural backgrounds.In a joint effort with Hankuk University of Foreign Studies, the country’s fourth-largest conglomerate said that it would offer online bilingual education programs to 300 Chinese and 100 Vietnamese elementary school students this year.The group supported about 70 children from multicultura
IndustryFeb. 14, 2011
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Hanjin Heavy to close over labor dispute
Shares in Hanjin Heavy Industries & Construction tumbled on Monday after the Korean shipbuilder said it decided to shut down three operations in Korea due to labor strife. Hanjin said in a statement that it had submitted reports to local governments that it would close one shipyard and two plants, saying ongoing strike activity since 2009 had hampered its production.Hanjin, the only unprofitable s
IndustryFeb. 14, 2011
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Korea’s foreign sell-off heaviest in Asia
Overseas investors sell stock in response to inflation fears but not thought as part of long-term trendForeign investors pulled out the biggest amount of capital from Seoul stocks in Asia this month, reversing earlier snap ups on inflation fears.The selling spree was part of a regional outflow as investors fled to rebounding advanced economies, away from continued monetary tightening in emerging e
Feb. 14, 2011
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Global telecoms closer to offering open mobile app platform
Major telecoms, including Korea’s KT Corp. and SK Telecom, have moved a step closer to commercializing an open mobile applications platform established by a multinational alliance of telecoms and device manufacturers.At the global mobile industry show which launched in Barcelona Monday, local mobile carriers KT and SKT demonstrated some of their to-be-commercialized applications that follow the gl
IndustryFeb. 14, 2011