Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Inflation eases in April, continues bumpy ride
-
3
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
4
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
5
Seoul alerts overseas missions to NK terror threats
-
6
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
7
S. Korean children, teens grow taller, mature faster than before: study
-
8
Some junior doctors are returning: Health Ministry
-
9
Public backlash against division of Gyeonggi Province under 'corny' name
-
10
[Robert J. Fouser] AI changes rationale for learning languages
-
China jails 14 in tainted milk case
BEIJING (AP) ― Chinese courts have sentenced 14 people to prison for producing or selling melamine-tainted milk powder, news reports said Saturday, highlighting Beijing’s struggle to stamp out rampant sales of phony or tainted food and medicine.Three years after use of melamine in infant formula killed six babies and prompted a shake-up of China’s dairy industry, authorities still are seizing tons
May 1, 2011
-
Obama calls for end to oil firm tax breaks
Expecting soaring pump prices, U.S. keeps up push to end tax breaks for oil, gas companiesWASHINGTON (AP) ― President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.“These tax giveaways aren’t right,” Obama said in his weekly radio and Internet address Saturday. “They aren’t smart. And
May 1, 2011
-
Industries for smaller players to be chosen
A semi-government committee on mutual growth said it will select in August the industries conglomerates would be discouraged from entering or expanding in to give their smaller counterparts more opportunities.At their meeting in Seoul, the members, led by former Prime Minister Chung Un-chan, said for now, they have confirmed the selection guidelines and will be choosing the industries based on how
April 29, 2011
-
STX Group sets sights on seventh-biggest spot
DALIAN, China ― STX Group aims to become one of South Korea’s seven largest conglomerates in terms of assets by 2020, the company announced in Dalian on Friday.The business group revealed its “Vision 2020” plan to coincide with the conglomerate’s 10 year anniversary event held in the Chinese city. Among other things, the plan calls for increasing the group’s annual sales to 120 trillion won ($112
April 29, 2011
-
Samsung profit lowest in 7 quarters
World’s top memory chipmaker sees tough conditions in coming quarterSamsung Electronics Co. said Friday it logged 2.95 trillion won ($2.7 billion) in net profits for the first quarter of this year amid globally weak demand for flat panels and TVs sets. It is a 33 percent decline from the same period last year and it is the lowest operating profit in seven quarters.Its sales stood at 36.99 trillion
April 29, 2011
-
Samsung Electronics Q1 net down 30% on weak TV, PC demand
Samsung Electronics Co., the world's top memory chip and liquid crystal display (LCD) panel maker, said Friday that its first-quarter earnings fell 30.3 percent on-year, hurt by weak demand for TVs and PCs that eroded component prices.Net profit reached 2.78 trillion won (US$2.59 billion) in the January-March period, compared with 3.99 trillion won during the same period a year earlier, the compan
April 29, 2011
-
Hyundai Motor, Steel post strong first-quarter figures
Hyundai Motor Co.’s quarterly sales increased 21.4 percent from a year ago, while that of its affiliate Hyundai Steel rose to record levels.In a regulatory filing, Hyundai Motor revealed that its first quarter sales increased 21.4 percent compared to the same period last year to come in at 18.23 trillion won, while operating profits soared 45.6 percent over the same period to come in at more than
April 28, 2011
-
Two top mobile carriers launch Apple’s iPad 2
Two top mobile carriers SK Telecom and KT Corp. said they will release Apple’s iPad 2 in the local market Friday, according to companies’ officials Thursday.KT, which was the first telecom to service Apple’s iPhone in November 2009, said it will release two different models ― one that operates only on the Wi-Fi network and another which runs on Wi-Fi and 3G networks ― beginning at 10 a.m. at its o
April 28, 2011
-
Samsung’s Lee welcomes calls for more shareholding activity of funds
Samsung Electronics Chairman Lee Kun-hee on Thursday supported a presidential aide’s call for public funds to more actively exercise their rights as shareholders.The business tycoon said he was not only unperturbed by the remarks, but he “welcomes the idea of having shareholders publicly exercise their rights.”Lee was remarking on a speech given Tuesday by Kwak Seung-jun, head of the presidential
April 28, 2011
-
Hynix posts solid profit despite fall in prices of chips
Hynix Semiconductor Inc., the world’s second-largest computer memory chipmaker, announced Thursday it posted 2.79 trillion won in sales and 323 billion won in operating profit for the first quarter, slightly up from the previous quarter largely due to an increase in shipping.The figures indicate that the total sales and operating profit rose 1.5 percent and 9.9 percent, respectively, in the first
April 28, 2011
-
Hyundai seals China commercial car venture
Hyundai Motor Co. finalized the deal with China’s Sichuan Nanjun Automobile Co. to establish a commercial vehicle plant in China on Thursday.The two companies had signed a memorandum of understanding on setting up a joint venture in October.Sichuan Nanjun Automobile Co. is China’s 11th-largest producer of commercial vehicles. The company operates two plants with a combined annual production capaci
April 28, 2011
-
3-D firm posts record earnings in Q1
Red Rover Co., a local 3-D services provider, said Thursday that it has posted record earnings of 2.4 billion won ($2.2 million) in the first quarter, up 298 percent from the same period last year.The firm’s sales reached 9.2 billion won, up 203 percent from the January-March period last year, though it was little lower than that of the year’s fourth quarter, it said. “The record performance was p
April 28, 2011
-
Japan output logs record fall
April 28, 2011
-
Hyundai, Kia hybrids pack in new features
At the recent Seoul Motor Show, Hyundai Motor Co. and Kia Motors Corp. each unveiled their first gasoline-electric hybrid vehicles based on their midsized sedan’s Sonata and K5.While the carmakers had introduced hybrid electric vehicles based on the compact cars Avante and Forte powered by a combination of an electric motor and a liquefied natural gas engine, the hybrid Sonata and K5 mark their fi
April 28, 2011
-
LG Electronics back on track with smart appliances
LG Electronics this week posted an operating profit, signaling that the global electronics maker is getting back in the groove with well-paced strategies and cutting-edge technologies.LG Electronics, the world’s second-largest flat-screen television maker and third-largest handset maker, has been avidly making its way up in the smart device industry under the guidance of its CEO Koo Bon-joon to pr
April 28, 2011
-
Korean Air introduces premium in-flight services
By Cho Ji-hyunKorean Air, the country’s largest air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services.At a press event in Incheon, the company said it will upgrade the in-flight menu for economy seat passengers beginning in June, serving a healthier meal option -- salmon
April 27, 2011
-
Hyundai Heavy’s packaged power stations go online in Japan
By Choi He-sukThe packaged power stations Hyundai Heavy Industries provided to Tokyo Electric Power Co. began operations Wednesday.Developed by Hyundai Heavy, a packaged power station is a piece of diesel-fueled power generating equipment contained within a 40-feet long container.The world’s largest shipyard sent over four packaged power stations to Japan after TEPCO’s Fukushima Daiichi nuclear po
April 27, 2011
-
POSCO expands fair trade, shared growth programs
Industry and goverment officials including POSCO chief executive Chung Joon-yang (fourth from left, front row), Fair Trade Commission Chairman Kim Dong-soo (fifth from left, front row) and head of the Commission on Shared Growth for Large and Small Companies Chung Un-chan (sixth from left, front row) at POSCO’s office in Seoul after the steelmaker and subsidiaries signed an agreement to promote fa
April 27, 2011
-
Korean Air introduces premium services
Korean Air, the country’s top air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services. Heather Cho (fourth from left), senior vice president at Korean Air and DAVI’s chairman Carlo Mondavi (third from left) after featuring a new amenity cosmetic skin care set for business a
April 27, 2011
-
Prices of DRAM chips remain below $1: report
Prices of dynamic random access memory (DRAM) devices rose marginally in the second half of this month but stayed below the $1 level, an industry report showed Wednesday, casting doubts on the prospect for their quick recovery.The contract price of the benchmark DDR3 1-gigabit 128Mx8 1066-megahertz device rose 1.03 percent from the first half of this month to $0.98 in the second half, according to
April 27, 2011