Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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Korean firms target EV charging market in US
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Samsung pursuing ‘human digitalism’
Company outlines ‘access, align, amaze and act’ as guidelinesLAS VEGAS ― Samsung Electronics’ Yoon Boo-keun had memorized his lines perfectly. Yes, his English was a bit stilted and he didn’t get the jokes quite right, but his keynote speech sent the message that Samsung was out to give: Sound human. The right photo shows Samsung Electronics’ promotional booth. (Yonhap News)Product demonstrator Mi
Jan. 9, 2011
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‘Africa crucial for Korea to see $1tr trade’
South Korea with Africa should forge a win-win cooperation model where they maximize the use of Africa’s abundant resources and Korea’s technology and development experience, a senior government official said Friday. “Korea needs to start seeing Africa as a major emerging market for the country to achieve an annual trade volume of $1 trillion,” Second Vice Minister of Knowledge Economy Park Young-
Jan. 7, 2011
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LG Electronics showcases tablet PC
LAS VEGAS ― LG Electronics and German-based telecommunications firm T-Mobile on Wednesday (Las Vegas time) unveiled the G Slate, the first tablet PC manufactured by LG.The world’s third-largest handset manufacturer sought to re-enter the smart device race after it lost out in the smartphone battle last year. The G Slate underscores the company’s attempts to get back into the groove, industry watch
Jan. 7, 2011
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Samsung expects to raise $200 billion before 2015
Electronics firm to look overseas to help raise competenceLAS VEGAS ― Samsung Electronics expects up to $200 billion in sales by 2015, noting that it has recorded about 150 trillion won ($132 billion) this year.Samsung Electronics is scheduled to reveal its fourth quarter earnings on Friday in Korea. “I believe we were not wrong to believe that we can hit the $400 billion sales mark by 2020,” said
Jan. 7, 2011
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Korea vows all-out effort to tame inflation
The Bank of Korea’s top policy priority this year will be to stabilise inflation, while adjusting monetary policy in view of the global economic situation, the central bank said Thursday.Separately, the Finance Ministry pledged to make an effort “on all fronts” to curb price pressures, at a time when surging oil and commodities prices are fanning inflation expectations around the region.The govern
Jan. 6, 2011
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Korea halts imports of German pork, poultry
Korea has effectively halted imports of German pork and poultry products after high levels of dioxin were discovered, the government said Thursday.The Ministry for Food, Agriculture, Forestry and Fisheries said it has confirmed recent media reports that dioxin, a toxic compound that can damage the human immune system and cause cancer, has been detected in pork, poultry meat, eggs and animal feed m
Jan. 6, 2011
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LG Display bets on new 3-D technology
Company resumes business with Sony after seven-year lull: CEOLAS VEGAS ― Leading LCD panel manufacturer LG Display on Wednesday (Las Vegas time) offered a sanguine business outlook for this year, predicting that its cheaper 3-D television panels that better protect the eyes would dominate the market with a 70 percent stake.The Seoul-based firm also said that, as of the end of last year, it has beg
Jan. 6, 2011
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Think tank chief warns against price controls
Government intervention to control rising food and necessities prices should be resisted, the head of a South Korean free market think tank said Wednesday.Center for Free Enterprise head Kim Chung-ho said that any government attempts to micro-manage prices of food and other necessities were destined to fail and were more characteristic of a “command economy.”Food prices surged more than 33 percent
Jan. 6, 2011
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S. Korea's registered cars jump in 2010
The number of registered cars in South Korea jumped last year as consumers purchased more vehicles amid recovering economic conditions, the transportation ministry said Thursday.The number of registered cars reached 17.94 million at the end of last year, up 616,000 from a year earlier, according to the ministry. The increase was the second largest following a jump of 637,000 in 2003.The ministry a
Jan. 6, 2011
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S. Korean home mortgage loans soar in Dec.
Mortgage loans extended by South Korean financial firms grew by the largest amount in four years in December, as low borrowing costs and eased rules on home-backed lending spurred demand, data showed Thursday.Home-backed loans handled by local financial institutions grew by 4.9 trillion won (US$4.36 billion) on-month to 379.3 trillion won in December, according to data by the Financial Supervisory
Jan. 6, 2011
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Economic gap between Koreas widens further
The economic gap between South and North Korea remained wide across the board with differences in income level and trade more apparent than in other areas, data showed Wednesday. According to the data by Statistics Korea, South Korea’s per-capita gross national income amounted to $17,175 at the end of 2009, about 18 times larger than the $960 tallied for the North. During the cited year, the South
Jan. 5, 2011
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Economic gap between two Koreas remains wide: data
The economic gap between South and North Korea remained wide across the board with differences in income level and trade more apparent than in other areas, data showed Wednesday.According to the data by Statistics Korea, South Korea's per-capita gross national income (GNI) amounted to US$17,175 at the end of 2009, about 18 times larger than the $960 tallied for the North.During the cited year, the
Jan. 5, 2011
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Korea Pension may form fund for resources
National Pension Service, Korea’s biggest investor, may set up a private equity fund with the nation’s business groups, including Samsung Group and Hyundai Motor Group, to invest in overseas resource development. SK Group, GS Group and KT Corp. may also join the plan, Kim Seok-joo, a spokesman for the pension fund, said by phone Tuesday. The timing and size of the fund have yet to be decided, he s
Jan. 4, 2011
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Korea seeks to secure more rare earths
Korea will seek to secure more rights to rare earth element deposits in the new year to counter moves by China to reduce its export quota for the vital resource, the government said Tuesday.The Ministry of Knowledge Economy said action must be taken to deal with potential shortfalls in supply that could have a serious industrial impact.Rare earth elements, deposits of which are centered in only a
Jan. 4, 2011
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$1.8b set aside to expand airports
Five-year plan seeks to meet increased demand for international flightsThe government is to invest 2.1 trillion won ($1.8 billion) to upgrade airport facilities over the next five years, the Ministry of Land, Transportation and Maritime Affairs said Tuesday. The plan includes further expanding Incheon International Airport to help cope with rising flight demand and consolidate its status as a Nort
Jan. 4, 2011
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Smart TVs, tablets stars of global gadget show
Smart devices and tablet computers are expected to steal this year’s largest electronics tradeshow, which kicks off Thursday in Las Vegas. “We expect smart devices to be the most central feature of this show,” said Choi Jun-hyuk, a spokesman for LG Electronics. “Now that the consumers are familiar with the smart trend, we’ll be focusing more on how to make the devices more convenient and more user
Jan. 4, 2011
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Broadcasting regulator under fire
KCC accused of expedience in awarding cable TV licensesThe government has come under fire for its recent selection of new TV channel operators. Critics say it will cause excessive competition in a saturated market and aggravate large conservative newspapers’ dominance of public opinion.Experts are also voicing doubt about the selection committee’s fairness and correctness in assessing applicants.T
Jan. 3, 2011
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Seoul shares rally to record high
Korean stocks rose 0.93 percent to a record high on Monday as foreigners and institutions snapped up shares on expectations for a rally at the start of the year, analysts said. The local currency gained against the U.S. dollar.On the first trading session, the benchmark KOSPI surged 19.08 points to 2,070.08, renewing its previous record close of 2,064.85 on Oct. 31, 2007. Trading volume was modera
Jan. 3, 2011
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Korea expands animal vaccinations to stem foot-and-mouth spread
Korea decided Monday to greatly expand animal vaccinations to stem outbreaks of foot-and-mouth disease, which continues to spread throughout the country despite nationwide quarantine efforts, the government said.Farm Minister Yoo Jeong-bok said in a news briefing that shots will be administered to all animals in Gyeonggi Province surrounding Seoul and large parts of Chungcheong in the country’s ce
Jan. 3, 2011
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Trade surplus reaches record $41.7b in 2010
Korea’s trade surplus reached a record $41.7 billion in 2010 as locally made products made solid inroads into overseas markets, a government report showed Saturday.The annual tally showed exports surging 28.6 percent on-year to $467.4 billion, with imports moving up 31.8 percent to $425.7 billion, the Ministry of Knowledge Economy said. The favorable trade balance for last year surpasses the previ
Jan. 2, 2011