Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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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 alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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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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S. Korea, China bust phone scam ring targeting S. Korea
Chinese prosecutors have arrested 23 suspects over phone fraud on South Koreans, Seoul's prosecutors said Sunday, the first bust on a scam ring after the two neighboring countries agreed to thwart voice phishing scams that have caused huge financial damage in South Korea in recent years.Voice phishing involves random phone calls to dupe victims to siphon their bank accounts. Callers, growingly tra
TechnologyApril 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
IndustryApril 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
IndustryApril 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
IndustryApril 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
IndustryApril 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
IndustryApril 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
IndustryApril 22, 2011
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U.S. economy struggles for momentum: report
IndustryApril 22, 2011
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Obama suspects energy market fraud
IndustryApril 22, 2011
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China signals ready to invest more in Europe
IndustryApril 22, 2011
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3D porn film beats Avatar at Hong Kong box office
HONG KONG (AFP) - A Hong Kong movie billed as the world's first 3D porn film has broken the city's first-day box office record previously set by Hollywood blockbuster Avatar."3-D Sex and Zen: Extreme Ecstasy" notched up HK$2.8 million ($360,000) on its first day last week, outpacing director James Cameron's science fiction epic which drew HK$2.6 million, the porn movie's publicist told AFP Thursd
TechnologyApril 22, 2011
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Samsung Electronics sues Apple over patents
A Samsung Electronics' Galaxy Tab is displayed at its a showroom of the headquarters in Seoul, South Korea, Tuesday, April 19, 2011. Apple Inc. has sued Samsung Electronics Co., saying the South Korean company's Galaxy line of smartphones and tablet computers copy Apple's popular iPad and iPhone.(AP-Yonhap News)Samsung Electronics Co., the world's second-largest maker of mobile phones, said Friday
TechnologyApril 22, 2011
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French workers strike against English speaking management
About 184 staff at Thermal Ceramics in France have gone on strike against what they called ‘Aglo Saxon Imperialism,’ according to reports. The London based company was established in 1856 and is a division of Morgan Crucible Company.Thierry Juvin, the workers’ representative, said “We say hello in French but then communication stops.“We have to have someone who translates everything into English,
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
IndustryApril 21, 2011
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KOSPI rallies on IT shares
Earnings-driven buying sprees in IT shares, in a market waiting for a second round of capital inflows, are pushing Seoul shares to record high levels, analysts said Thursday.“Investors, including foreigners, are holding their long positions as they’re waiting for more capital inflows to push up the KOSPI. Because there is less selling, the index keeps breaking all-time highs with even small purcha
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
IndustryApril 21, 2011
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Savings banks recoup W1tr every year in service fees
The nation’s savings banks have reaped more than 1 trillion won ($900 million) in service fees per annum over the past five years, a lawmaker revealed Thursday.Citing data gained from financial regulators, Rep. Bae Young-shik of the ruling Grand National Party unveiled the figure during a two-day parliamentary hearing on the Financial Services Commission and the Financial Supervisory Service on po
April 21, 2011
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Financial industry to tighten IT security
Companies considering bigger budget and greater restrictions to protect dataThe local financial sector geared up to tighten security of its IT systems after watching hackers take advantage of security loopholes in the nation’s top financial firms, sources said Thursday. Major banks here said they were devising measures to step up security, such as beefing up their oversight teams or banning employ
April 21, 2011
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BAT Korea raises cigarette prices
British American Tobacco Korea said Thursday it has raised the price of its cigarette products by 200 won ($0.20) to 2,700 won per pack on rising raw material prices.The price increase of 8 percent is the first in six years for the firm which holds an 18 percent-market share in the country. It is widely known for popular brands such as Dunhill, Kent and Vogue.“BAT Korea has been making every effor
IndustryApril 21, 2011
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International 3-D Society to open Korean branch in May
KT Corp., the country’s largest fixed-line service operator, said Thursday it will lead the launch of the International 3-D Society’s Korean branch next month.KT organized a reception for the creation of a new country branch, inviting experts and industrial leaders in the field of 3-D, including Samsung Electronics, LG Electronics, broadcasters KBS, SBS, EBS and KT Skylife. Participants also inclu
IndustryApril 21, 2011