Most Popular
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Confusion over alleged S. Korean drone intrusion: Who's behind it?
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More homeroom teachers asking to be replaced amid teachers rights dispute
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N. Korea sends 20 more trash balloons toward S. Korea: JCS
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Han Kang’s Nobel Prize opens new horizons for Korean literature
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Biden proposes holding trilateral summit this year
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Jennie tops iTunes charts in 47 countries with 'Mantra'
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K-pop song once recommended by Nobel laureate Han Kang returns to music charts
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Riize speaks out on Seunghan’s return
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SK heiress weds Chinese American entrepreneur
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2 Filipinas who left pilot program cite overwork, excessive surveillance
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[News focus] Seoul faced with calls to slash oil taxes
Government twists refiners’ arms but under fire for failing to share responsibilityThe heat is increasingly being turned on the government for failing to curb the soaring gas prices, especially as critics are pounding Seoul for failing to address a more direct cause of the price increase ― the high taxes slapped onto gas. Instead, the government has turned to twisting the arms of local refiners to
April 8, 2011
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N-Screen service becomes popular in one-person-multi-device era
Getting connected to the Web on a smartphone, while simultaneously watching a show on a smart TV is becoming a common scene for many people nowadays as the country enters a “one-person-multi-device era.”The number of people who own multiple smart gadgets ― such as smartphones, tablet PCs and smart TVs ― is rapidly increasing, pushing telecoms to introduce N-Screen (numerous screen) services which
IndustryApril 8, 2011
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Shinsegae heir ready to tie the knot again?
Rumors fly over Shinsegae heir marriage plansBy Kim Ji-hyunChung Yong-jin, 42, vice chairman of Shinsegae Group, may be ready to tie the knot -- again -- this time with flutist Han Ji-hee, according to inside sources.Sources said that Han, 30, and Chung are making preparations for a wedding ceremony next month. Chung’s fiancee teaches at Sungshin Women’s University and has studied in Austria, Fran
IndustryApril 8, 2011
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S. Korea's producer price growth hits 28-month high in March
South Korea's producer prices grew at the steepest pace in 28 months in March on the back of a hike in oil and commodity prices, the central bank said Friday, indicating growing inflationary pressure. The producer price index, a barometer of future consumer inflation, jumped 7.3 percent in March from a year earlier, up from6.6 percent tallied the previous month, according to the Bank of Korea (
April 8, 2011
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Knowing the facts on antibiotics
More than half of Koreans still believe penicillin can treat coldsThere was a time when antibiotics were used as “magic drugs” to cure any illness or disorder. From treatments for small inflammations to coughing, people wanted antibiotics.But antimicrobials are often associated with various side effects and invite resistance ― some diseases such as multidrug-resistant tuberculosis are now untreata
TechnologyApril 7, 2011
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Trade Ministry to review all FTA texts
The Trade Ministry said Thursday it will review the Korean-language texts of all free trade agreements the nation has signed after more than 200 mistakes were found in the pact with the European Union.The ministry is currently reviewing the texts of its pacts with the United States and Peru which have yet to be approved by the parliament. “In addition to the two FTAs, we will conduct rereading of
April 7, 2011
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Samsung Electronics’ Q1 hit by LCD prices, tablet sales
The first quarter operating profit of Samsung Electronics, the world’s largest maker of TVs and flat-screen monitors, stood at 2.9 trillion won ($2.66 billion) to mark its smallest quarterly revenue in seven quarters after falling 34 percent from a year earlier, the company said on Thursday.Sales were at 37 trillion won, up 6.8 percent year-on-year, according to Samsung during an earnings guidance
IndustryApril 7, 2011
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LG Uplus introduces wireless N-Screen service
LG Uplus said Thursday it introduced a wireless N-Screen service which enables sharing of data on multiple platforms for mobile phones, tablet PCs, televisions and personal computers.The company said people could easily use the service, dubbed “Uplus Shoot and Play,” by downloading the application on their devices without uploading content or making other inter-device connections.The service is cl
IndustryApril 7, 2011
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Top regulator pledges to increase inspectors
Financial Supervisory Service Gov. Kwon Hyouk-se reiterated Thursday that he would increase the manpower directing probes of financial companies by reshuffling the regulatory body.Kwon, who took office as the chief financial regulator a week ago, told reporters that he would prioritize increasing the ratio of inspectors among FSS staffers in coming months.He cited the slashed ratio of inspectors ―
April 7, 2011
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Korea to contain price hikes of farm products
The government said Thursday that it plans to tackle the recent spike in the price of farm and fisheries products that has contributed to rising inflationary pressure.The announcement by the Ministry for Food, Agriculture, Forestry and Fisheries came after soaring costs for food helped send growth in consumer prices to a 29-month on-year high of 4.7 percent in March. Of total gains, prices for far
April 7, 2011
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Fee war rages among Korean brokers after wrap account stampede
Korean investors were crushed by the market crash that swept the world three years ago. The Seoul stock exchange’s KOSPI Index lost 41 percent during 2008, while the most popular mutual fund fell 39 percent.High-net-worth stock pickers looking for better performance have found Seo Jae-hyeong.Seo’s Korea Creative Investment advisory firm works with brokerages to sell Koreans “wrap accounts” ― packa
April 7, 2011
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Mobile carriers face price fixing probe
Korea’s three mobile service providers are being probed for illegal price fixing after a local civic group filed complaints with the state anti-trust regulator, business sources said.Sources said Fair Trade Commission inspectors carried out on-site inspections at SK Telecom, KT Corp. and LG Uplus on Wednesday, with emphasis placed on checking factory prices of smartphones and the possibility that
IndustryApril 7, 2011
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SC to continue to invest in Korea
Standard Chartered First Bank pays first dividendBritish banking giant Standard Chartered Plc will continue to invest in Korea, its head said Thursday, dismissing speculation that planned closures of some of its branches here may indicate retreats in its investment.“Our business here in Korea is the core part of growth,” Peter Sands, chief executive officer of Standard Chartered, said at a press c
April 7, 2011
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[Herald Interview] Nestle hopes for more ties with Korean suppliers
Nestle S.A., the world’s largest food company, is seeking to boost its beverage and coffee machinery purchase from innovative Korean manufacturers, one of the firm’s high-ranking officials said Thursday. The firm saw the biggest potential of local companies in its leading technologies and dynamics, said Ruguo Hu, head of equipment & system of Nestle R&D Centre Shanghai. The Shanghai R&D center is
IndustryApril 7, 2011
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KNOC spurs overseas resources development
State-run oil firm also seeks to diversify business to crude alternatives State-run Korea National Oil Corp. is stepping up overseas development projects and expanding its portfolio into alternative resources in bid to boost the country’s energy security. Korea, the world’s fifth-largest importer of crude oil, has been vulnerable to global oil price volatility and uncertainties in the market, espe
IndustryApril 7, 2011
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Thyroid gone awry: Grave’s disease
Jerry is a 39-year-old air force pilot whose exceptional agility and speed in maneuvering fighter planes earned him the nickname “Smokin’ Jeeves.” Over the last three months, however, Jerry noticed it was increasingly difficult to achieve the same degree of high performance during his routine physical training exercises. More recently, he felt as though “his heart was beating out of his chest” aft
TechnologyApril 7, 2011
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Surge in emergency CT scans for kids raises concern
CHICAGO (AP) ― Soaring numbers of kids are getting CT scans in emergency rooms, a study found, raising concerns some may be exposed to adult-sized radiation doses and potential risks for cancer down the road.The number of ER visits nationwide in which children were given CT scans surged from about 330,000 in 1995 to 1.65 million in 2008 ― a fivefold increase. The number of kids’ ER visits didn’t i
TechnologyApril 7, 2011
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Severance hospital treats patients with skill, experience
This is the second in a series of articles on international clinics at major medical centers in Seoul. ― Ed.Severance Hospital’s international health care center is the oldest medical facility dedicated to foreign patients in Korea.Established in 1962, the clinic has looked after tens of thousands of foreigners residing in Korea. Recently, it has expanded its care to foreigners outside the country
TechnologyApril 7, 2011
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Trace amount of radiation found in Jeju Island rainwater
A trace amount of radioactive contaminants has been detected in rainwater on Jeju Island off South Korea's southern coast, a state nuclear safety agency said Thursday.The Korea Institute of Nuclear Safety (KINS) said tests conducted on rainwater that fell in the early morning hours of the day showed minuscule traces of iodine-131, cesium-134 and cesium-137.Concentration levels of 2.02 becquerels (
TechnologyApril 7, 2011
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FMD dents demand for Korean beef, pork
Korean beef promotion event is held in Suwon, Gyeonggi Province. (Yonhap News)About half of Korean consumers cut spending on beef and pork due to concerns over foot-and-mouth disease, which has spread nationwide since November and caused significant damage, a survey conducted by Nielsen Company showed Tuesday. The survey was conducted on 1,000 internet users in major cities in Korea including Seou
April 7, 2011