Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Yoon rebuffs opposition's call for special probe into wife
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Ador CEO's dismissal to be decided on last day of May
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Suzy, Park Bo-gum star in AI fantasy romance ‘Wonderland’
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Police officer jumps barefoot into drainage tunnel to save man
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Why companies should stay young
Koreans have recently begun using a buzzword called “9988.” This refers to living healthily until the age of 99. These days, an “upgraded” version called “9988234” is popular, which means living lively until 99, ailing for only two or three days before death. The average lifespan of Korean people is about 80. However, people wish to live longer in good health. Increasingly many senior citizens live younger than their age both in terms of their body and mind. There are even new terms referring to
June 19, 2012
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Seoul stocks end flat on Spain jitters
South Korean stocks closed effectively unchanged Tuesday as troubles in Spain's bonds market offset Greece's upbeat election results, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 0.06 points to close at 1,891.77. Trading volume was light at 362 million shares worth 3.44 trillion won (US$2.97 billion), with losers
June 19, 2012
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Seoul shares open lower on Spain's financial woes
South Korean stocks opened lower Tuesday as jitters over Spain's banking and bonds market raised fears that eurozone woes will continue to weigh down the global economy, analysts said.The Korea Composite Stock Price Index (KOSPI), which rallied Monday on Greece's election results, fell 0.27 percent, or 5.13 points, to 1,886.58 in the first 15 minutes of trading.Market bellwether Samsung Electronic
June 19, 2012
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S. Korean consumers think FTA will improve economic health: poll
South Korean consumers think free trade pacts will help improve the country's overall economic health and competitiveness, a poll showed Tuesday.The nationwide survey by the Korea Chamber of Commerce and Industry (KCCI) showed 70.2 percent of all respondents saying open trading systems will improve economic health by fueling fair and constructive competition.Only 10.8 percent of those polled said
June 19, 2012
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S. Korea, Canada agree to resume free trade talks
South Korean President Lee Myung-bak and Canadian Prime Minister Stephen Harper agreed Monday to resume stalled free trade talks between the two countries this year.The two leaders reached the agreement during a meeting on the sidelines of a summit of the Group of 20 major economies in Mexico's resort city of Los Cabos, sharing a need to further boost trade and investment between the two countries
June 19, 2012
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Skilled international workers in high demand: recruitment executive
For a lucky few, it’s a myth that there aren’t enough jobs to go around. Rather, employers are willing to shell out big bucks for Generation Xers and Yers with a special set of skills, according to a top executive of multinational recruitment firm Robert Walters.“In many of the countries in which we operate, we’ve seen increased requirements for bilingual (or) multilingual people who have worked in an international environment,” said David Swan, the managing director of Robert Walters Japan and
June 18, 2012
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Markets buoyed by Greek election results
Korea’s stock markets rallied on Monday along with other Asian bourses as fears of Greece’s exit from the eurozone receded after pro-bailout parties won enough seats to control parliament. The Korean won gained against the U.S. dollar for the fourth trading day in a row.Financial authorities in Seoul breathed a sigh of relief at the Greek election results, but warned that financial risks in Europe still persisted. The Financial Services Commission and the Financial Supervisory Service discussed
June 18, 2012
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Korea-China FTA to increase international use of yuan: expert
HONG KONG (Yonhap News) ― A free trade pact between South Korea and China will likely bolster the international use of the yuan as more traders may use the Chinese currency for their transactions, a Chinese researcher said Monday.“The increasing bilateral trade and economic cooperation will provide a foundation for the development of the financial sector involving the two countries,” Dong Yan, a research fellow at the Chinese Academy of Social Sciences, said in a report. “South Korean exporters
June 18, 2012
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New nuclear reactor halted again on glitch
GYEONGJU (Yonhap News) ― One of the new nuclear reactors under trial operation here has shut down due to a technical glitch, a week after resuming a test run following a stoppage due to flaws in coolant pumps in March, officials said Monday. The Shin (New) Wolsong 1 reactor went offline on Sunday morning after its turbine generator was automatically stopped, said officials at the Korea Hydro & Nuclear Power Co. It did not cause any leaks of radioactive materials or other serious accidents, but r
June 18, 2012
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Korean firms, Jilin province agree on W3.9tr investment projects
South Korean firms and China’s Jilin province agreed to engage in joint venture projects worth 3.9 trillion won ($3.4 billion), a local business organization said Monday.Under the memorandum of understanding reached in Seoul, 48 South Korean companies and 48 Chinese regional government agencies and businesses will form partnerships to move forward on various business projects, the Korea Chamber of Commerce and Industry said.The two sides will engage in such areas as agriculture, construction, en
June 18, 2012
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British Chamber organizes rooftop BBQ
The British Chamber of Commerce in Korea will hold a “Rooftop BBQ Shindig” on June 28. A celebration for the upcoming London 2012 Summer Olympics, the party will take place at the serviced residence called Somerset Palace Seoul, located in Susong-dong. Casual sportswear is recommended, and attendees will also get an opportunity to win prizes such as air tickets and wine.For enquiries, email administrator@bcck.or.kr.
June 18, 2012
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Philips Electronics kicks off health campaign
Philips Electronics Korea kicked off the local version of a global health and wellness initiative called “Simply Healthy @ Schools” on Friday, on the Korean islets of Dokdo and Ulleungdo. The Dutch multinational company’s community wellness program has been held in 50 countries and has benefited about 14,000 children to date, according to company officials. The company also donated defibrillators and LED lamps to schools and institutions on Ulleungdo, and also held a CPR training program for stu
June 18, 2012
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Book signing event for N.K. defector
The French Korean Chamber of Commerce and Industry will hold a cocktail party and book signing on Tuesday. A 26-year-old North Korean defector, who goes by the assumed name of Kim Eun-sun, will present her book titled “North Korea: The Nine-Year Escape from Hell.” The event will take place at the French bistro and restaurant Le Saint-Ex in Itaewon. The book’s co-author, Sebastien Falletti, will also attend. Falletti works as a Seoul-based correspondent for the French newspapers Le Figaro and Le
June 18, 2012
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Homeplus CEO calls for embracing new CSR model
Homeplus CEO Lee Seung-han, said that corporations should embrace a new type of corporate social responsibility model in order to stay competitive in the changing economic times. Lee made the remarks during a lecture he gave at the Rio +20 Corporate Sustainability Forum, held in Rio de Janeiro, Brazil, on Saturday.Lee, who also serves as the president of the U.N. Global Compact Korea Network, said that corporations should make social and environmental issues a part of their core business, especi
June 18, 2012
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S. Korea, Mexico agree to resume FTA talks before September
South Korean President Lee Myung-bak and Mexican President Felipe Calderon agreed Sunday to resume stalled negotiations on a free trade agreement between their countries this year, an official said.The two leaders reached the agreement during summit talks held after Lee arrived in the Mexican resort city of Los Cabos for a summit of the Group of 20 major economies, set for Monday and Tuesday.South
June 18, 2012
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Seoul shares open higher on Greek election results
South Korean stocks opened higher Monday following the victory of pro-bailout parties in the Greek elections that could allow the country to stay within the eurozone, analysts said.The Korea Composite Stock Price Index (KOSPI), which fell Friday due to mounting concerns ahead of Greece's critical elections, moved up 1.97 percent, or 36.69 points, to 1,894.85 in the first 15 minutes of trading.Mark
June 18, 2012
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Shipbuilding industry likely to begin rebounding in 2014: BOK
South Korea’s shipbuilding industry will likely begin picking up in 2014 despite the slumping global economy caused by lingering concerns over the eurozone debt crisis, a report said Sunday.The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index reached 103.21 points.SBI is a measure of shipbuilding demand, shipping business sentiment, global trading volume and several other factors affecting the shipbuilding industry developed by the Bank of Kore
June 17, 2012
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Foreign IBs positive on Nexon’s NCsoft takeover
HONG KONG (Yonhap News) ― Foreign investment banks have a positive view on South Korea’s online game giant Nexon Korea Corp.’s takeover of its smaller rival on the home turf, bank officials said Friday.In a surprise move, Nexon announced last Friday it had acquired a majority stake in NCsoft Corp. from the latter’s founder and chief executive Kim Taek-jin through a private transaction.Following the deal, Nexon is now the largest shareholder of NCsoft with a 14.7 percent stake, followed by Kim wi
June 17, 2012
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U.S. urges retailers to stop sales of Korean oysters
WASHINGTON (AFP) ― U.S. health authorities have urged restaurants and food outlets to stop selling all fresh, frozen and canned oysters, clams and mussels that came from South Korea over contamination fears.“These products and any products made with them may have been exposed to human fecal waste and are potentially contaminated with norovirus,” the Food and Drug Administration said in a statement issued late Thursday.The FDA said the measure also applies to any scallops that arrived in the Unit
June 17, 2012
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Airliners need focus on biofuels for growth
Renewable fuels show long-term promise in curbing carbon emissions, says Air France execThe world’s commercial airline industry needs to research and promote renewable sources of energy like biofuels, or it faces a risk of limited growth in the future due to the expanding carbon footprint of air travel, said Air France’s Vice President of Environment Pierre Albano. “Unless we reduce air pollution, (airlines) will not be allowed to grow anymore,” he said in an interview with The Korea Herald in S
June 17, 2012