Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Probe of first lady on Dior bag allegations set to begin
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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Government to help failed entrepreneurs try again
The Korea Herald is publishing a series of articles scrutinizing key aspects and sectors related to the creative economy promoted by the Park Geun-hye government. The series will feature interviews with top government officials and IT gurus, and strategies that embody the policy. The special articles were made in cooperation with the Ministry of Science, ICT and Future Planning and the Ministry of Trade, Industry and Energy. This is the seventh installment of the series. ― Ed.Choi Mun-kee, Korea
Sept. 25, 2013
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Microsoft offers trade-in program targeting iPhone users
Microsoft is to kick off a new promotion dubbed “timetoswitch” in select stores in the U.S. and Canada on Friday, giving out cash points at a minimum of $200 that can be used to buy their own products in exchange for a used iPhone 4S or 5, Forbes reported on Tuesday. Citing Microsoft sources, Forbes predicted marginal success, saying, “the trade-in campaign may be a little too late,” referring to millions of consumers who are “not only freshly tied to a new contract but overtly prefer the iOS pl
Sept. 25, 2013
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Samsung set to launch curved smartphone in Q4
Samsung Electronics Co., the world's largest smartphone maker, is planning to roll out mobile devices with slightly curved screens in the fourth quarter of this year, a senior company official said, in a move to continue its dominance in the market.Park Sang-jin, CEO of Samsung SDI, told reporters that the country's tech giant plans to release the new portable device that adopts plastic organic light-emitting diode (OLED) panels."As plastic liquid crystal displays are strong enough to neither sh
Sept. 25, 2013
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Pantech vice chairman offers to step down
Park Byeong-yeop, the vice chairman of Pantech Co., South Korea’s third-largest maker of mobile phones, has tendered his resignation mainly due to poor health, industry sources said Tuesday.The 50-year-old executive founded Pantech in 1991 and led the transformation of the small mobile venture into the country’s No. 3 mobile phone maker.Market watchers said the decision came as the company’s earnings continued to remain stagnant in recent months. Pantech posted an operating loss of 49.5 billion
Sept. 24, 2013
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Samsung, LG reconcile over display suits
Samsung, LG reconcile over display suits Samsung Display and LG Display, the world’s top rival display makers, on Monday said they have dropped all lawsuits against each other in a reconciliatory gesture.“This agreement will give us a chance to resolve our legal dispute and together move in a more productive direction,” said Kim Gwang-joon, executive vice president of intellectual property at Samsung Display.LG Display spoke in a similar vein, saying in a statement that the two sides will put as
Sept. 23, 2013
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Korean students win third straight science olympiad
South Korean high school students swept the top awards at the annual international science competition, claiming the overall crown for the third year in a row, the Science Ministry announced Monday. The Ministry of Science, ICT and Future Planning said the country’s national team grabbed the championship at the International Earth Science Olympiad by winning three gold medals and one silver medal. The competition was held in Mysore, India, from Sept. 11 to 19. Korea shared the top spot with Taiw
Sept. 23, 2013
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Apple’s iPhone poised for record as China joins global debut
Apple Inc. attracted long lines of shoppers today for the global debut of its latest iPhones, the company’s biggest product introduction this year.In New York, customers lined up around the block to get into Apple’s flagship Fifth Avenue store, while in Munich about 2,000 gathered to buy the new iPhone 5s and 5c, and in London the waiting crowd stretched about a mile. Apple Chief Executive Officer Tim Cook and other executives visited customers at stores in Palo Alto, California, near the compan
Sept. 21, 2013
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Samsung, LG likely to falter in third quarter
A number of top brokerages on Monday cut their third-quarter earnings forecasts for Samsung Electronics and LG Electronics, but expected both to make a strong comeback in the fourth quarter on improved smart device sales and rising chip demand. Samsung Securities lowered its forecast for Samsung’s third-quarter net profit to 9.8 trillion won ($9 billion) from 10.2 trillion won, while Kyobo Securities also expected a quarterly profit of around 9.8 trillion won. “Sales of consumer electronics are
Sept. 16, 2013
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Confiscation of smuggled gold increases sharply
The customs agency said Monday that it has confiscated a total of 127 kilograms of gold being smuggled into the country so far this year.The amount is much higher than 13 kilograms of confiscated gold last year, according to data provided by the Korea Customs Service. It is valued at 6.8 billion won ($6.3 million). The increase is attributable to the agency’s recently stepped-up crackdown efforts. In May, the KCS launched teams exclusively tasked with investigating gold smuggling attempts. “We h
Sept. 16, 2013
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[Graphic News] Twitter Inc. to go public
Twitter Inc. filed for an initial public offering last week, gearing up for the most high-profile debut in the tech sector since Facebook’s last year. Global attention is also being paid to whether Twitter shares will decline following its IPO as Facebook did.
Sept. 15, 2013
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Samsung closer to ushering in ‘Tizen’ era
Samsung Electronics hinted at the advent of the open-source operating system “Tizen” under co-development with Intel by saying it would apply it to a wide array of products including televisions and smartphones. In a recent interview with Die Welt, a German publication during the IFA 2013 trade show in Berlin, Yoon Boo-keun, Samsung’s chief of consumer electronics business said, “Tizen is going to be used on some of our smartphones, along with our TVs and on home appliances.” He added that this
Sept. 13, 2013
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Public medical spending for seniors soars in H1
Senior citizens' medical expenses covered by South Korea's national health insurance jumped on-year in the first half of 2013, data showed Friday, apparently due to the country's fast-aging trend.According to the data by the National Health Insurance Service (NHIS), medical expenses for people aged 65 and older came to 8.9 trillion won (US$8.2 billion) in the January-June period, up 7.8 percent from a year earlier.The number accounts for nearly 36 percent of the 24.7 trillion won spent by the fi
Sept. 13, 2013
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NASA: Voyager 1 probe has left the solar system
Voyager 1 has crossed a new frontier, becoming the first spacecraft ever to leave the solar system, NASA said Thursday.Thirty-six years after it was launched from Earth on a tour of the outer planets, the plutonium-powered probe is more than 11 1/2 billion miles (18.51 billion kilometers) from the sun, cruising through interstellar space _ the vast, cold emptiness between the stars, the space agency said.Voyager 1 actually made its exit more than a year ago, according to NASA. But it's not as if
Sept. 13, 2013
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Samsung to inject $500 mln in Xian plant
Samsung Electronics, the world's leading chipmaker, will be strengthening a part of its operations in China by injecting an additional $500 million into its envisioned plant under construction in the city of Xian.The move came after the company started work on a semiconductor plant in the central Chinese city in September 2012 as a part of its move to diversify production lines and meet growing demand for NAND flash memory chips.The construction project was aimed to be completed by next year, pr
Sept. 12, 2013
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[Graphic News] Arctic ice ice increases 60% in 2013
NASA satellite images showed about 6.9 million square kilometers of the Arctic Ocean covered in ice in 2013, a whopping 60 percent increase from 2012, stoking debate over whether it is a sign of global warming stopping or just a recovery from last year’s lowest level since 1979.
Sept. 12, 2013
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Computer-related conditions
With the increased use of computers and the Internet, many people are spending extended periods of time using computers at work and at home. This has led to an increase in conditions related to such activity. Computer-related health problems are called VDT syndrome, or “computer related diseases.” VDT syndrome refers to pain in the neck and shoulders due to shoulder-arm-neck syndrome, and other musculoskeletal symptoms, fatigued eyes and foreign sensation, skin conditions and neuropsychiatric pr
Sept. 12, 2013
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Suicide, a preventable tragedy
Suicide is preventable, experts say, but only when society starts to take it seriously enough and make more conscious and concerted efforts, areas in which Korea still has a long way to go. “People who commit suicide constantly talk about death and tell their family or friends that they want to die. People near them must take that as an urgent sign and pay the utmost attention to them,” said Lee Weon-young, a preventive medicine professor at ChungAng University in Seoul.“If concerned, their stat
Sept. 12, 2013
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KT tops sustainability index
Mobile service provider KT said Thursday that it was named one of the world’s most sustainable telecommunications companies for three consecutive years in a review by Dow Jones Sustainability Indices.S&P Dow Jones Indices, one of the world’s largest providers of financial market indices, and RobecoSAM, an investment company focusing on sustainable investment, announce the review every year that evaluates 2,500 global firms on their financial and non-financial performance including supply chain m
Sept. 12, 2013
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IT exports jump 11.4% in Aug.
South Korea’s exports of information technology products rose from a year earlier in August, continuing their on-year growth for the 12th consecutive month, the government said Monday.Outbound shipments of IT products reached $14.5 billion last month, up 11.4 percent from the same period last year, according to the Ministry of Science, ICT and Future Planning.The country‘s trade surplus in the IT sector widened to $8.13 billion, the second highest in the country’s history, as its imports only ga
Sept. 11, 2013
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LG CNS boosts ICT-enabled energy efficiency
LG CNS, an information technology service provider, is pushing to expand the use of smart energy management systems in line with growing interest in power saving and renewable energy around the world. Last month, LG CNS launched its energy management system for small and medium-sized shops, which is designed to reduce energy consumption and simplify energy management. The system automatically cuts off standby power ― power consumed by electronics while they are switched off or in standby mode ―
Sept. 11, 2013