Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Some junior doctors are returning: Health Ministry
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[Robert J. Fouser] AI changes rationale for learning languages
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Woman dangling from power lines rescued by residents holding blanket
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Hyundai begins work on 3rd blast furnace
Hyundai Motor Group’s steelmaker Hyundai Steel broke ground for the third blast furnace at its integrated steelworks in Dangjin, South Chungcheong Province on Tuesday.The company is injecting 3.26 trillion won ($2.89 billion) into the project, which is scheduled for completion in September 2013.The furnace will have an annual production capacity of 4 million metric tons, pushing the facility’s out
April 12, 2011
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First Korean 3-D animation to be released in Canada
Korea’s first 3-D animation movie “Bolts & Blip” will be released on DVD in Canada later this year, its producer Redrover said.The company signed a copyright deal with Canadian home entertainment group Nelvana last week at MIPTV 2011, the world’s largest entertainment content market in Cannes, France. Set on the moon in 2080, the comedy follows the adventures of two misfit robots, Bolts and Blip.I
April 12, 2011
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Apple to stay ahead in tablet boom: Gartner
April 12, 2011
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Cyworld back in the game with robust profit
Korea’s SNS pioneer plans to regain lost glory with mobile apps, acornsCyworld, in many ways a Korean pioneer in social networking services, is back with a vengeance this year on the back of robust “acorn” sales and closer collaboration with up-and-coming technology. Acorn ― “dotori” in Korean ― is the unit of virtual money that Cyworld users spend on all sorts of items for decorating and personal
April 12, 2011
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U.S. fast-food chains bet on India to drive growth
April 12, 2011
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Toyota: Summer car shortage possible
April 12, 2011
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Fed to stick with low rates, despite oil rise
April 12, 2011
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[Meet the CEO] Nespresso shapes Korean espresso culture
Nespresso is confident that booming enthusiasm for coffee among Koreans and the surging popularity of homemade espressos will continue to shore up its brisk sales growth in the market, the chief of Korean operations said.Since the coffee business unit of Swiss food giant Nestle launched its single-serve “coffee capsules” in December 2007, it has led the local portion coffee market which has been e
April 12, 2011
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Kakao Talk looks to overseas expansion
Popular mobile messenger service breaks threshold of 10 million downloadsKakao, a venture firm that invented the popular mobile messenger app Kakao Talk last year, announced Monday that it will branch out to overseas markets this year with the aim of garnering 100 million downloads.In a press conference celebrating more than 10 million registered Kakao Talk users, its founder Kim Beom-su said the
April 12, 2011
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Builders’ domestic orders tumble in Feb.
Domestic orders of Korean builders plunged 17 percent in February from a year earlier due to a prolonged slump in the local property market and a drop in orders from the public sector, a trade association said Monday. The local builders’ domestic orders came to 5.09 trillion won ($4.69 billion) in February, compared with 6.15 trillion won tallied a year earlier, the Construction Association of Kor
April 12, 2011
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3-D industry waiting for cue on adult content
The success of “Sex and Zen” is most likely to mark a watershed moment in the 3-D industry as the fate of adult movies seems to be hinging on the movie’s performance.“It’s a matter of time, but we are in dire need of some concrete evidence to accept that 3-D adult entertainment will take off in earnest,” said Han Dong-hoon, a spokesperson for N’tree Media, an adult-image content provider. “Sex and
April 11, 2011
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Foreigners make robust property gains
Foreign funds reap better returns than locals on real estate investmentsForeign funds have outperformed domestic institutions in terms of capital gains on real estate investments in Korea over the past decade, market researcher JUSTR said Monday. Foreign investment groups such as Lone Star Funds, Goldman Sachs and Government of Singapore Investment Corp. have recorded an average capital gain of 48
April 11, 2011
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Female entrepreneurs see old challenges, new successes in Korea
When Shim Yeo-lynn was replaced by her colleague with better English-speaking skills for a meeting with foreign clients, she did not just set out to hone her English skills. She founded a start-up herself.After hopping from one English prep school to another and taking a series of one-on-one lessons from native speakers, she realized that there was no service that teaches how to communicate in the
April 11, 2011
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Obama to announce new spending plan
WASHINGTON (AP) ― One budget deal down, President Barack Obama and Congress began to pivot Sunday from the painful standoff over this year’s spending to a pair of defining debates over the nation’s borrowing limit and the election-year budget.Much will be revealed at midweek, when the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama reveals his plan
April 11, 2011
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Iceland rejects debt deal to repay U.K., Dutch
REYKJAVIK, Iceland (AP) ― Voters in Iceland rejected a government-backed deal to repay Britain and the Netherlands for their citizens’ $5 billion worth of deposits in a failed online bank, referendum results showed Sunday ― sending the dispute to an international court and plunging the economically fragile country into new uncertainty.Final results showed the “no” side had just under 60 percent of
April 11, 2011
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Hyundai Heavy completes world’s largest gas power plant
Hyundai Heavy Industries announced Sunday that it completed building the world’s largest gas-powered power station in Saudi Arabia.Located in Jubail in Eastern Saudi Arabia, the plant was built as part of a $2.7 billion contract for a power and desalination plant issued by the state-run utilities firm Marafiq in 2007. The contract was awarded to an international consortium composed of Hyundai Heav
April 10, 2011
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Korean firms seek ‘optimum’ bid for Brazil bullet train project
The South Korean consortium bidding for Brazil’s $20-billion high-speed rail service downplayed the impact of its recent loss of construction partners.The group said it is in talks with big-name constructors in Korea such as Hyundai Engineering and Construction and POSCO Engineering and Construction to form a new lineup before submitting its proposal. It is also contacting some large Brazilian con
April 10, 2011
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CJ Cheiljedang to invest W3tr on bio products
CJ Cheiljedang Corp. will spend three trillion won ($2.78 billion) by 2015 on building facilities and an R&D center to make bio products, the food maker said Friday. “We’re making investment into our Asia and North American market where we will invest about three trillion won,” it said. The investment may include building new factories or establishing strategic alliance with food companies abroad,
April 8, 2011
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Home prices, rents grow faster than income
In Korea, it takes more than a decade for the average salaried worker to buy his or her own house, as numerous surveys have shown over the years. But now it looks like renting homes has become equally trying, according to data released by a local property-information portal on Friday. Real Estate Bank said “jeonse” costs are surging as more people opt to rent homes instead of buying them, not to m
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
April 8, 2011