Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Pandemic left Korea more depressed than before: report
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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Automakers unveil local China brands
Global carmakers adopt China-specific brands seen as tool to wrest technology from abroadSHANGHAI (AP) ― Some of the new Chinese cars unveiled at this week’s Shanghai Auto Show are affordable for millions of buyers ― a happy development for Beijing that might prove costly for the global automakers producing them.General Motors Co. unveiled the 630 sedan, the first model from its new Baojun badge d
April 25, 2011
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Sony ‘rebuilding’ PlayStation Network after outage
NEW YORK (AP) ― Sony Corp. said it is rebuilding its PlayStation Network to bring it back online after an “external intrusion” caused it to suspend the service.The company said it turned off the service, which lets gamers connect in live play, so that it could strengthen its network infrastructure. Qriocity ― the company’s online entertainment platform ― was also affected.“Though this task is time
April 25, 2011
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State regulator launches query on Apple
The state media regulator said Monday it launched an investigation against Apple Inc. over its collection of information of its smartphone users in Korea.The Korea Communications Commission said it requested Apple to promptly answer a questionnaire and return it by “the earliest date.”State authorities asked the company to clarify the duration and regularity of the location information storing on
April 25, 2011
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SK chairman suffers investment loss of over W100b
The chief of SK Group, a South Korean conglomerate, has suffered a loss of more than 100 billion won ($92.5 million) from futures investment, sources said Saturday.The National Tax Service, the country’s tax agency, found that Chey Tae-won had invested in the futures, but lost most of his money, according to the sources. The tax agency launched tax probes into the group’s key affiliates, such as S
April 24, 2011
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Hyundai Motor Group reaches new high in U.S. midsized market
Hyundai Motor Group’s share of the United States’ market for midsized sedans for the first quarter of the year rose to a record high, industry data showed Sunday.According to industry data, 66,554 units of Hyundai Motor Co.’s Sonata and Kia Motors Corp.’s K5, known as the Optima in overseas markets, were sold in the U.S. during the first three months of the year, giving the companies’ a combined m
April 24, 2011
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Struggling chaebol take out loans on stocks
Owners of top industrial companies took out loans against their own shareholdingsOwners of some of the nation’s top “chaebol” industrial groups have obtained loans from creditors by offering nearly all of their own company stocks as collateral, data from the Financial Supervisory Service and online corporate sources showed on Sunday.Almost 80 percent of Dongbu Group Chairman Kim Jun-ki’s 15.41 mil
April 24, 2011
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GM likely to retake No. 1 spot from Toyota
The auto giant’s sales are up in U.S. and China, coming back from bankruptcyDETROIT (AP) ― General Motors is almost certain to claim the title of world’s biggest automaker this year, retaking the top spot from Toyota, which has been hurt by production problems since the Japanese earthquake and still can’t escape the shadow of major safety recalls.The No. 1 title, a morale booster for the winner’s
April 24, 2011
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KCC demands explanation for smartphone location log
Korean regulator to ask Apple’s on nature of location collected on devices An Apple Inc. logo hangs above the entrance at the Fifth Avenue store in New York. (Bloomberg)Korea’s top communications regulator will request that Apple Inc. address the privacy concerns caused by recent allegations that the company has been accumulating location information of its users. Officials of the Korea Communicat
April 24, 2011
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Sony chairman credited with developing CDs dies
TOKYO (AP)- As a young man, aspiring opera singer Norio Ohga wrote to Sony to complain about the quality of its tape recorders.That move changed the course of his life, as the company promptly recruited the man whose love of music would shape the development of the compact disc and transform the Japanese electronics maker into a global software and entertainment empire.Sony's president and chairma
April 24, 2011
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Hyundai, Renault Samsung to recall 74,000 mid-size cars
Hyundai Motor Co. and Renault Samsung Motor Co. will recall around 74,000 mid-size passenger cars sold in South Korea due to a manufacturing defect and a safety problem, respectively, Seoul's transportation ministry said Sunday.Renault Samsung, the local unit of French automaker Renault SA, will recall 55,648 units of its mid-size car SM5 produced between Aug. 12, 2009 and Oct. 29, 2010, and 65,15
April 24, 2011
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SK Group chairman suffers investment loss of over 100 billion won
Chief of SK Group, a South Korean conglomerate, has suffered a loss of over 100 billion won ($92.5 million) from futures investment, sources said Saturday.The National Tax Service, the country's tax agency, found that Chey Tae-won had invested in the futures, but lost most of his money, according to the sources.The tax agency launched tax probes into the group's key affiliates, such as SK Telecom
April 23, 2011
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Samsung files countersuits against Apple
Company launches 10 patent suits in Korea, Japan and GermanySamsung Electronics said Friday it has filed countersuits against Apple Inc. over patent rights in courts located in Korea, Japan and Germany.The world’s second-largest mobile phone manufacturer said Apple’s iPhone and iPad violated 10 of the company’s patents, leading it to file a complaint with the Seoul Central District Court over alle
April 22, 2011
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Trade groups concerned about Australian tobacco packaging rules
South Korean trade organizations are expressing concern over Australia’s decision to regulate tobacco products’ packaging.The “Plain Packaging” law proposed by the Australian government on April 7 calls for tobacco products to be packaged in plain wrappings without logos or trademarks. The new compulsory cigarette packet is plastered with health warnings. (AFP-Yonhap News)The decision is aimed at
April 22, 2011
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POSCO Q1 sales reach W9.1 trillion
POSCO, Korea’s largest steelmaker, posted operating profit of 921 billion won (about $900 million) in the first quarter, a 36 percent decrease from the same period last year, amid continuing high raw material prices. In its earnings report released Friday, the company said it recorded sales of 9.1 trillion won, up 31 percent from the same period last year.The steelmaker attributed the sluggish ear
April 22, 2011
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Samsung, LG jockeying to position their 3-D TVs
Samsung heads to China for joint partnership, while LG holds large-scale event in ParisRival giants LG Electronics and Samsung Electronics are looking for overseas opportunities to gain ground in the competitive global 3-D television market. LG Electronics, the world’s No. 2 flat-screen TV maker, said Friday that it held an event in Paris called “The Biggest 3-D Experience Ever” on Thursday, which
April 22, 2011
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U.S. economy struggles for momentum: report
April 22, 2011
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Obama suspects energy market fraud
April 22, 2011
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China signals ready to invest more in Europe
April 22, 2011
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Samsung increasingly under siege, Lee says
Samsung Electronics Chairman Lee Kun-hee on Thursday said Samsung was coming under intense scrutiny from more and more firms, saying it was not only Apple, but even those outside the IT industry trying to keep his company at bay. “It’s a matter of (wanting) to hammer in a protruding nail,” Lee told reporters during a rare visit to Samsung Electronics headquarters in Seocho-dong, southern Seoul. He
April 21, 2011
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Korea, China to collaborate on rare earths processing
State-run Korea Resources Corp. said Thursday that it is to jointly develop technologies for processing rare earths with a Chinese think tank.The local developer said it will share equipment, facilities, human resources and technological information with Baotou Research Institute of Rare Earths, the largest of its kind in the communist state. KORES chief executive Kim Shin-jong and the institute’s
April 21, 2011