Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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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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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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FSS reprimands Hana Daetoo, Wise Asset
Financial regulators on Thursday issued sanctions against a local asset management firm and a brokerage house for incurring huge losses after conducting allegedly reckless investments in stocks last November.The Financial Supervisory Service held a committee meeting where they fined-tuned the level of penalties against Wise Asset and Hana Daetoo Securities for their alleged negligence in internal
April 28, 2011
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State media regulator to soon question Google over location log
The Korea Communications Commission said Thursday that it plans on sending a questionnaire to Google Inc. involving the collection of location information of its smartphone users here.The event takes place a few days after the state media and telecommunications regulator launched an investigation against Apple Inc. on Monday over collection of information of its smartphone users.In a questionnaire
April 28, 2011
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Won hits 32-month high
The dollar slid to 1,071.2 won on Thursday, posting its lowest level in 32 months against the Korean currency.The Korean currency’s value rose by 8.3 won from a day earlier, bringing it to its highest point since Aug. 22, 2008, when it stood at 1,062.5 won per dollar.Economists attributed the won’s rise in value to U.S. policymakers’ stance which hinted at easing ― or a wait-and-see approach towar
April 28, 2011
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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
IndustryApril 28, 2011
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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
IndustryApril 28, 2011
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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
IndustryApril 28, 2011
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2012 budget plan aims to reduce fiscal deficit
Budget spending focused on investment in new growth enginesThe Ministry of Strategy and Finance on Thursday unveiled its policy to improve the nation’s fiscal soundness next year by slashing unnecessary expenditure.The government is aiming to minimize the 2012 fiscal deficit by curbing the growth of total expenditure, ministry officials said citing its report to the Cabinet meeting held earlier in
April 28, 2011
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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
IndustryApril 28, 2011
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Current account surplus hits three-month high in March
South Korea’s current account surplus rose to the highest level in three months in March as exports of ships and other key products remained robust, the central bank said Thursday.The current account surplus reached $1.43 billion in March, up from a revised $1.13 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The March
April 28, 2011
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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
IndustryApril 28, 2011
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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
IndustryApril 28, 2011
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Foreign insurers struggle to join mainstream
Despite their long presence in Korea, global giant life insurers still don’t come close to their major local rivals in terms of size, according to industry sources Friday.Nine foreign life insurers operating in the country hold 68.9 trillion won ($63.7 billion) in assets, or 16.9 percent of the industry’s total. The figure does not even meet half of that held by industry leader Samsung Life Insura
April 28, 2011
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Japan output logs record fall
IndustryApril 28, 2011
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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
IndustryApril 28, 2011
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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
IndustryApril 28, 2011
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U.S. study probes how surgery makes diabetes disappear
TechnologyApril 28, 2011
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Chosun opens holiday emergency rooms
Chosun University Hospital in Gwangju has opened an emergency room dedicated to the treatment of minor ailments at night and during holidays. The center will help people with less serious conditions visit doctors outside of regular hours, the hospital said. Ten doctors from various departments are stationed with three nurses. The operation hours are 5:30 p.m.-8:30 a.m. during weekdays; 12:30 p.m.-
TechnologyApril 28, 2011
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Warning against thalidomide posted
The Korea Food and Drug Administration has posted a warning against thalidomide, which is used to treat multiple myeloma. The announcement followed a similar measure posted by German authorities, which reported possible side-effects including myocardiac infarction, cerebrovascular disease and others. The KFDA plans to conduct further studies that will be reflected in the future authorization of th
TechnologyApril 28, 2011
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Malaria warning issued in Korea
The Korea Centers for Disease Control and Prevention are asking people to watch out for possible malarial infections. The number of people infected with the disease marked 1,772 last year, a sharp increase from 1,023 in 2008, the authorities said. Currently, Ganghwa Island of Incheon is designated as a danger zone, while six regions of Gyeonggi Province, two in Gangwon Province and three in Incheo
TechnologyApril 28, 2011
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What is MR-HIFU therapy?
Conventionally, ultrasound has been used in hospitals to look into the body for diagnostic purposes, but it has increasingly been used in therapy. High-intensity focused ultrasound therapy could be compared to setting a fire by focusing sunrays with a magnifying glass. Sunrays are warm, but unable to induce fire by themselves. However, once they are concentrated on a very small spot, the heat gene
TechnologyApril 28, 2011