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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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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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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[News Focus] Is time up for Nonghyup chairman?
Nonghyup executives under fire as calls mount for chairman’s ousterChoi Won-byung, chairman of the embattled National Agricultural Cooperative Federation, faces intensifying pressure to step down as soon as possible to accept responsibility for the latest network crash at the nation’s largest banking network. On April 19, top unions representing the nation’s agricultural cooperatives gathered toge
April 20, 2011
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Competition brewing over fledging hedge funds
Brokerages seek to capture rich investors on expectations of financial deregulationBrokerages are struggling to capture wealthy investors with high-yielding private equity products as deregulation in homegrown hedge funds looms large.Money poured into hedge fund-style products as soon as top brokerages such as Samsung, Woori Investment and Korea Investment rolled them out in the past month, sparki
April 20, 2011
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KT launches robo-buddy for kids
KT Corp. said Wednesday it will launch “kibot,” a robot for kids, on Monday, as part of plans to create a smart home.The country’s largest fixed-line service operator said kibot will help children with their studies by reading books and singing songs to them. All children have to do is scan the radio frequency identification (RFID) card on the screen at the center of the robot, according to Seo Yu
IndustryApril 20, 2011
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Credit card spending up 16.2% in Q1
South Korea’s credit card spending expanded 16.2 percent in the first quarter from a year earlier amid the country’s consumer price advance, a trade association said Wednesday. Purchases made by credit card amounted to 105.2 trillion won ($96.9 billion) during the January-March period, compared with 90.6 trillion won in the same period last year, according to the Credit Finance Association.The dat
April 20, 2011
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LG unveils ‘smart fridge’ that suggests recipes
South Korea’s LG Electronics Tuesday unveiled a refrigerator which suggests recipes as it forecast a bright future in the potentially lucrative market for “smart” household appliances.LG will roll out smart fridges, washers and other appliances in South Korea and North America by the end of this year to compete against rivals including Samsung Electronics and Whirlpool, Lee Young-ha, president of
IndustryApril 20, 2011
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LG gets best rating on its 3-D television
LG Electronics announced Wednesday that the company’s 3-D television has been given the top rating by a British information and technology magazine for its May edition.The world’s No. 2 flat-screen TV maker said home entertainment magazine “What Hi-Fi! Sound and Vision,” with a global monthly circulation of 50,000, had awarded its highest rating of five stars for LG’s 47LW650 model, naming it the
IndustryApril 20, 2011
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Yuhan-Kimberly launches new diapers
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, launched Huggies Premier diapers on Monday, replacing its main diaper product line Huggies Gold after 13 years. Yuhan-Kimberly is a joint venture of Korea’s Yuhan Corp. and Kimberly-Clark Corp. established in 1970. The company has maintained its place at the top of Korea’s diaper market for 28 years with the Huggies brand. According to
IndustryApril 20, 2011
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‘Auto market shifts to favor Korea, Europe’
Hyundai and Kia overseas sales rise as Japanese rivals suffer from worst disasterThe series of disasters that struck Japan in March could bring significant changes to the world’s automotive industry, including its direction for eco-friendly vehicles.In a recent report, the U.S.-based market research firm Frost and Sullivan projected that the earthquake could not only open opportunities for carmake
IndustryApril 20, 2011
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Automakers plan expansion into China
Global carmakers unveil ambitious China expansion plans as they battle back from tsunamiSHANGHAI (AP) ― Global automakers unveiled ambitious expansion plans for China on Tuesday, targeting the country’s newly prosperous drivers as the industry struggles to recover from Japan’s tsunami.Nissan Motor Co. plans to raise sales by about 15 percent to 1.15 million vehicles this year, said CEO Carlos Ghos
IndustryApril 20, 2011
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Attractive men have long... ring fingers: study
Is your ring finger longer than index finger? (The Korea Herald)PARIS, (AFP) - The longer a man's fourth or ring finger is compared to his index finger, the more likely he is to be judged attractive by women, according to a study released Wednesday.The results, published in the British Royal Society's journal Biological Sciences, unveil intricate links between foetal exposure of males to hormones,
TechnologyApril 20, 2011
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Twitter could be bad for romance: study
(MCT)Twitter users tend to have shorter relationships, an online survey showed. Time Online on Tuesday reported the survey of more than 830,000 people on how they feel about sex. The survey, by dating site OkCupid, showed that the more often people used Twitter, the shorter their relationships were likely to be as they became more self-loving. It also showed that women with curvy bodies tended to
TechnologyApril 20, 2011
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Samsung vs. Apple in copyright showdown
Two of the world’s most prominent IT giants Samsung Electronics and Apple Inc. are poised to fight it out over patent rights.Shortly after Apple said it had sued Samsung for “blatantly copying” its products, Samsung Electronics fired back Samsung would be filing a suit against Apple for copying its communications technology. “We are definitely considering a lawsuit,” said Kim Nam-yong, a spokesman
IndustryApril 19, 2011
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S. Korea aims for top 10 in quality competitiveness by 2015: minister
South Korea aims to reach the top 10 in quality competitiveness in the world by 2015 as part of its ongoing effort to boost its growth potential, the government said Tuesday.The Ministry of Knowledge Economy said South Korea ranked 22nd among the 57 countries checked last year in terms of quality competitiveness in the manufacturing sector, mainly because the general corporate atmosphere was focus
IndustryApril 19, 2011
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World-OKTA pledges to offer 10,000 internships in foreign countries
The largest association of overseas-based Korean business leaders put forward an ambitious vision Monday to offer overseas internship positions for 10,000 young Korean adults as it celebrated its 30th anniversary with a pledge to expand the “business territory” of their homeland.The World Federation of Overseas Korean Traders Association, or World-OKTA, also vowed to take advantage of its deep-rea
April 19, 2011
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Marriages increase as economy recovers
The number of marriages increased 5.3 percent in 2010 in line with the market rebound from the economic crisis between 2008 and 2009, Statistics Korea said Tuesday.The report by the state agency said 326,000 couples married last year, putting the total up 5.3 percent from the year before. The figure is a reverse of declines during 2008-9 which saw marriages dropping by 4.6 percent and 5.5 percent
April 19, 2011
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Bad bank may acquire W4tr in toxic loans
A bad bank, which is about to emerge under financial regulators’ move to write off overdue assets, is expected to absorb as much as 4 trillion won ($3.6 billion) in overdue loans held by financial companies.While regulators are considering setting up the bad bank before the third quarter, sources predicted Tuesday that it could initially purchase around 4 trillion won in soured project finance loa
April 19, 2011
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FSS denies lawmaker’s allegation of wrongdoing
DP legislator claims officials withdrew money before savings bank shutdownThe allegation that former and incumbent financial regulatory officials exploited insider information for their own means has been contentious issue amid the recent liquidity woes in the secondary banking sector.An opposition lawmaker has claimed that several financial regulatory officials withdrew their deposits from saving
April 19, 2011
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Korea seeks South American opportunities
South Korea is seeking to bolster cooperation in energy and raw material with South America while conveying its rapid growth experience to countries in the region, the government said Tuesday. South America has emerged a continent fall of opportunities for Korea despite its distance due to its abundance in natural resources such as crude oil and minerals, as well as its rapidly recovering local ec
April 19, 2011
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GS EPS to build ‘green’ LNG plant
GS Electric and Power Services, a power subsidiary under GS Group, said Tuesday that it will build a “green” high-efficiency liquefied natural gas combined cycle power plant in Dangjin, South Chungcheong Province. The firm spent 460 billion won ($420 million) for the plant which will be completed by August 2013. GS EPS currently operates two other power facilities there.The firm held a groundbreak
IndustryApril 19, 2011
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Global firms launch new cars at Shanghai show
HONG KONG (Yonhap News) ― China’s largest international auto show kicked off on Tuesday with major product launches by global carmakers, showing the growing significance of the world’s most populous country for the auto industry.Auto Shanghai 2011 began its 10-day run with press days scheduled for the first two days in the booming metropolis. The event will be open to the public from Thursday to A
IndustryApril 19, 2011