Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Court upholds jail term for man who attempted to murder ex-girlfriend
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S. Korea to boost support for single-parent families
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Yellow dust engulfs S. Korea, advisory alert issued
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Kia EV9 wins world car of year
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Lee Jong-sup resigns as envoy to Australia
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EU trade chief sees better eurozone next month
The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
IndustryOct. 13, 2011
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Samsung to proceed with legal options on Galaxy Tab ban
Australian court hands another patent victory to Apple Inc.Samsung Electronics said Thursday that it will proceed with immediate legal options after an Australian court slapped a temporary ban on its Galaxy Tab 10.1, handing another victory to its rival Apple in their global patent war.“We express o
IndustryOct. 13, 2011
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Opposition still hurdle for ratifying U.S. FTA
Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
Oct. 13, 2011
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isMedia CEO puts success down to trust with employees
Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca
IndustryOct. 13, 2011
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GM to produce all-electric Chevy Spark in 2013
U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e
IndustryOct. 13, 2011
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Global LTE phone market to quadruple in 2012
The global market for long-term evolution mobile phones is expected to surge four-fold to around 32 million units in 2012, fueled by strong consumer demand, an industry report said Thursday.The report by Strategy Analytics, a global research and consulting firm, predicted market size will expand an
Oct. 13, 2011
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SaKong says leadership needed in world economy
The world needs firm political leadership and robust governance to resolve the ongoing economic calamity and maintain sustainable growth, said SaKong Il, chairman of the Korea International Trade Association.Accompanying President Lee Myung-bak for his five-day state visit to the U.S., SaKong gave a
IndustryOct. 13, 2011
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BOK holds rate, citing growth worries, inflation
Analysts see no rate hike through Q1 next yearThe Bank of Korea kept the key interest rate steady at 3.25 percent for the fourth straight month on Thursday, as worries over the weakening global economy outweighed concerns about the country’s high inflation.“The global economy is forecast to stage a
Oct. 13, 2011
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Plan to limit small payments scrapped
Data shows small card payments account for 30.6% of total transactionsThe Korean government is expected to keep the current credit card payment system, a turnaround from its previous stance announced on Monday, backing down to protests from small retailers and consumers. The Financial Services Commi
Oct. 13, 2011
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Deadly Black Death bug hasn't changed, but we have
WASHINGTON (AP) -- Scientists have cracked the genetic code of the Black Death, one of history's worst plagues, and found that its modern day bacterial descendants haven't changed much over 600 years.Luckily, we have.The evolution of society and medicine _ and our own bodies _ has far outpaced
TechnologyOct. 13, 2011
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Samsung to counter Aussie court’s tablet PC ruling
SEOUL, Oct. 13 (Yonhap) -- South Korean tech behemoth Samsung Electronics Co. said Thursday it will take immediate legal action against an Australian court ruling that temporarily banned sales of its latest tablet computer. "Every legal action and other measures will be taken to ensure that Samsung'
IndustryOct. 13, 2011
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Big businesses plan to invest more this year
SEOUL, Oct. 13 (Yonhap) -- South Korea's 600 largest conglomerates plan to increase investments by 13.7 percent in 2011 but actual spending may be cut due to the global economic slowdown, a poll showed Thursday.The survey conducted by the Federation of Korean Industries (FKI) showed local businesses
IndustryOct. 13, 2011
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BOK freezes key rate at 3.25 percent for 4th month
SEOUL, Oct. 13 (Yonhap) -- South Korea's central bank held steady the key interest rate on Thursday for the fourth straight month as the global economic outlook remains dimmer and inflation growth eased.Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day
Oct. 13, 2011
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KORUS FTA big boon to S. Korean auto parts makers
SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected
IndustryOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in
IndustryOct. 13, 2011
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KEB sale to gather pace as Lone Star gives up appeal
SEOUL, Oct. 13 (Yonhap) -- Lone Star Funds' decision not to appeal a Seoul court verdict is expected to speed up the U.S. buyout fund's long-stalled plan to sell its controlling stake in Korea Exchange Bank (KEB), clearing legal uncertainties that have blocked the sale, market watchers said Thursday
IndustryOct. 13, 2011
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Apple wins ban on Samsung Galaxy Tab 10.1 sales in Australia
SYDNEY, Oct 13, 2011 (AFP) - US technology giant Apple on Thursday won a temporary ban on Samsung selling its Galaxy Tab 10.1 in Australia after launching legal action on the grounds that it copied Apple's top-selling iPad.The Federal Court handed down its long-awaited judgement in Sydney but said t
TechnologyOct. 13, 2011
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80 percent of US boys use condoms the first time
CHICAGO (AP) _ A surprising 80 percent of teenage boys say they are using condoms the first time they have sex, a government survey found in a powerful sign that decades of efforts to change young people's sexual behavior are taking hold.But another promising trend _ a drop since the 1980s in the nu
TechnologyOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ Sporadic outages of BlackBerry messaging and email service spread to the U.S. and Canada on Wednesday, as problems stretched into the third day for Europe, Asia, Latin America and Africa.Research In Motion Ltd., the Canadian company that makes the phones, said users in the Americas `
TechnologyOct. 12, 2011
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Samsung replaces smartphone feature to bypass Dutch ban
Samsung Electronics Co., the world's No. 2 mobile phone maker, said Wednesday that it has replaced a feature in its Galaxy smartphones to avoid a sales ban in the Netherlands.The company, which is locked in a series of legal battles with Apple Inc. over mobile patents and design, faced a sales ban i
TechnologyOct. 12, 2011