Most Popular
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Criminals who drugged teens' drinks with meth sentenced to up to 18 years
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Rival parties unite to form 4-way body to break med school standoff
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Korea to certify safety of EV battery from October
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Wartime sexual slavery victims file for Japanese govt. asset disclosure
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S. Korea logs current account surplus for 3rd month in July
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Producer Teddy's girl group Meovv debuts, showcasing dual feline charms
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Farewell summit: Yoon, Kishida pledge to keep momentum in revitalizing ties
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Man to pay W727m for opening plane door before landing
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Two Korean women arrested for stealing tourist's bag in Turkey
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Frieze Seoul sees slower sales, yet confirms stronger art scene in Seoul
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[Graphic News] Koreans own 8.8 luxury items on average
Purchasing luxury goods was nothing unusual for more than 45 percent of Korean customers, a survey showed on Wednesday.According to the poll conducted by the Korea Consumer Agency, spending on premium designer brands ― such as Hermes, Cartier and Bvlgari ― accounted for 5 percent of household income on average, compared to 4 percent in Japan.Amid the recent surge in consumption of French and Italian premium brands, Korean adults have an average of 8.81 luxury items in their closet, said the poll
IndustryApril 10, 2013
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[Graphic News] Baby boomers have highest economic participation rate
The economic participation rate of the 50-59 age group soared to 73.8 percent in 2012, the highest rate since 2000, data showed Tuesday. The rate was 73.1 percent in 2011 and 72.7 percent in 2010. According reports from the Korea Exchange and Statistics Korea, however, the economic participation rate of the so-called “baby boomer generation” of those born between 1955 and 1963 is expected to abruptly decline as they will soon reach retirement age. The baby boomers make up about 14 percent of the
April 9, 2013
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[Graphic News] China boosts bird flu response as cases rise
China reported three more cases of human infection of a new strain of bird flu on Sunday, raising the total number of cases to 21.Six of those who contracted the H7N9 virus have died. All 21 cases have been reported in the eastern part of the country.Health officials believe people are contracting the virus through direct contact with infected fowl and say there’s no evidence the virus is spreading easily between people.China’s official Xinhua News Agency reported two new cases in Shanghai and o
World NewsApril 8, 2013
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[Graphic News] Economic slump takes toll on online sales
The global economic slump appears to be taking a toll on local internet shoppers, with online sales posting a record-low monthly growth since the government first started to compile the data, Statistics Korea said.Internet shopping sales declined by 2 percent in February from the same period last year to record the lowest monthly growth figure since 2009, the agency said. In January that year, monthly internet sales fell 1.8 percent. For the year, sales increased by 15.1 percent from 2008, addin
IndustryApril 7, 2013
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[Graphic News] Korea ranked No. 3 originator of spam emails
Korea was ranked the world’s No. 3 source of spam email in February, data showed.According to a report released by Russian firm Kaspersky Lab, Korean sources sent 13.7 percent of spam emails worldwide last month, following the U.S. and China, recording 16.9 percent and 14.4 percent, respectively.Spam emails are among the most frequently used methods to spread malicious codes for cyber attackers.Korea was ranked No. 10 last November. However, it rose as one of the most leading sources of spam wor
IndustryApril 4, 2013
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[Graphic News] Sejong has highest rate of heavy drinkers, smokers
A new survey revealed that citizens of Sejong City, Gangwon Province and Jeju Island drink, smoke and weigh more than people in other regions. Sejong City recorded the highest male smoking rate at 51.3 percent, followed by Gangwon at 49.9 percent and Jeju with 49.4 percent. These areas also recorded the highest rate of high-risk drinking, with Sejong at 20.4 percent, Gangwon 19.5 percent and Jeju 18.8 percent. Jeju had the highest obesity rate with 30.1 percent, with Gangwon at 26.7 percent and
Social AffairsApril 3, 2013
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[Graphic News] Music digitalization bodes well for K-pop
The music industry reported global sales growth last year for the first time since 1999 on rising online sales, prompting analysts to paint a rosy picture for the K-pop industry.The increase, 0.3 percent, was minimal, and the total revenue of $16.5 billion was nothing comparable to its peak of $38 billion over a decade ago, figures reported by the International Federation of the Phonographic Industry showed.But the digital revolution, which appeared to be killing the music industry with rampant
IndustryApril 2, 2013
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[Graphic News] Summer to be 6 months by 2091: KMA
Seoulites may spend more than half the year sweating in the summer heat during the last decade of this century, according to a forecast by the Korea Meteorological Administration, the nation’s weather agency. A recent KMA report forecast that the summer would last 174.9 days a year from 2091-2100 in the absence of action to reduce greenhouse gases. Summer is predicted to be two months longer than it was in 2001-10, when it lasted 121.8 days on average.Summer days are defined as such when the dai
NationalApril 1, 2013
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[Graphic News] Galaxy most valuable brand in Korea
Samsung Electronics’ Galaxy smartphone line was ranked first in a survey of Korea’s top 100 brands in the first quarter, a local brand equity evaluator said Sunday. According to the survey by Brand Stock, the nation’s most popular smartphone brand retained the top spot for the second consecutive year with the highest score of 938. E-mart, the nation’s largest discount franchise, came in second. Olleh, the flagship brand of KT, was named the third-most popular brand in Korea. KB Kookmin Bank and
March 31, 2013
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[Graphic News] India main source of DDoS attacks in Korea
A recent study found that connections used in cyber attacks more frequently came from Internet Protocol addresses based in India, according to the Korea Internet and Security Agency.The agency on Thursday said that India had the highest number of IP addresses that were used for distributed denial of service (DDoS) attacks against Korean websites in the second half of last year.With India accounting for more than 12.9 percent of the foreign IP addresses participating in the cyber attack, Brazil,
IndustryMarch 28, 2013
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[Graphic News] Consumers’ optimism about economy grows
Consumers’ expectations for economic recovery in March marked the highest in 10 months, the Bank of Korea said on Wednesday. The BOK’s data showed that the consumer sentiment index hit a record-high 104 in March, a two-point increase from a month ago. A CSI over 100 means that consumers have a positive view of the country’s economic status. Additionally, the consumer sentiment for expenditure reached as high as 109, implying that consumers find themselves capable of spending more money in the fu
March 27, 2013
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[Graphic News] Girls more dependent on smartphones than boys, survey finds
Female students were found to be three times more prone to smartphone addiction than their male counterparts, according to a new survey. Nearly 6 percent of students were at high or potentially high risk of addiction, according to the survey of 1,600 students conducted late last year by Gangbuk I will Center, a public institution to fight Internet addiction.This broke down into 8.3 percent of female students and 2.8 percent of male students. These students at high risk are hooked on mobile devic
Social AffairsMarch 26, 2013
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[Graphic News] Seoul’s working seniors outnumber youth
People aged over 55 outnumbered those between 15 and 29 years of age in the working population in Seoul last year, reflecting the aging society and growing youth jobless, the metropolitan government said on Monday.This demographic reversal among the employed is the first since employment statistics began in 1989. The number of working Seoul citizens aged over 55 reached 956,000 in 2012, a 54.4 percent increase from 619,000 in 2002.During the same period, the corresponding number of workers betwe
Social AffairsMarch 25, 2013
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[Graphic News] Seoul’s aid shrinks as North ties chill
South Korea’s assistance to North Korea in 2012 fell to the lowest level in over a decade with the cross-border ties chilled by Pyongyang’s continued provocations and Seoul’s policy of linking aid to efforts at openness and denuclearization. The Park Geun-hye government on Friday issued its first approval of humanitarian aid to the North despite heightening tension over its nuclear test. Charity Eugene Bell was given permission to deliver tuberculosis medicine worth 678 million won ($605,000) to
North KoreaMarch 24, 2013
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[Graphic News] Government agencies most common target of cyber attacks
Government agencies and public institutions have been more exposed to cyber attacks than any organization in the private sector, a study showed.The private Financial Security Agency said Thursday that the number of daily responses to cyber attacks from government and public organizations in 2011 was an average 20.5 times.The financial sector, which was a target of Wednesday’s hacking attack, also responded 11.8 times on a daily basis to Advanced Persistent Threats. APT is a type of targeted cybe
March 21, 2013
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[Graphic News] Chinese tourists outnumber Japanese for first time
The number of Chinese travelers to Korea exceeded Japanese travelers for the first time in February, the Korea Tourism Organization said Wednesday.KTO data revealed that about 219,400 Chinese tourists flew to Korea in February, a steep 61 percent increase compared to 132,900 in February, 2012. This indicates that three out of every 10 foreign tourists to Korea are Chinese, the KTO said. The data showed that the number of Japanese tourists who entered the country by flight between January and Feb
March 20, 2013
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[Graphic News] Airbus makes biggest sale in aviation history
Airbus set a new record in the aviation industry on Monday when it completed the biggest aircraft sale in history.The order for 234 Airbus aircraft by Indonesian carrier Lion Air was worth close to $24 billion, beating by some $2 billion the previous record held by Boeing and American Airlines.The achievement by the French aircraft manufacturer was welcome news for the French economy, which is currently struggling with an unemployment rate of over 10 percent. By John Power (john.power@heraldcorp
PoliticsMarch 19, 2013
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[Graphic News] Economic happiness fades with age
Dogged by job in security and retirement plans, Koreans in their 50s and 60s are less satisfied with their financial situation than younger people, a study showed Monday.The private Hyundai Research Institute said its economic happiness index for 2012 showed that all age groups tended to self-evaluate their economic happiness as very low in general ― an average 40.4 points out of a maximum 100.The index takes into account six factors: income level, economic distribution, expenditure level, job s
March 18, 2013
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[Graphic News] Korea’s labor supply to peak in 2021
The nation’s working-age population is expected to fall after peaking in 2021, a state-run think tank said on Sunday.The nation’s labor force participation rate, an indicator for the size of the working-age population of an economy, is forecast to hit a record high of 61.6 percent before falling steadily, the Korea Development Institute said. It added the rate was likely to fall to the 50 percent range in 2030, which means Korea will face a shortage of labor. An aging population and low birth ra
March 17, 2013
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[Graphic News] Korea trails OECD in number of 100-year-olds
About 1 in 500 Koreans lived to age 100, a lower proportion than in most of the Organization for Economic Cooperation and Development, according to recent research.The study showed that 1,826 among 908,490 Korean people in the 50-54 age bracket in 1961 became centenarians in 2011.In terms of the centenarian rate, Korea ranked 26th of 32 countries in the OECD, according to the report released by Kim Jong-in, a professor of health and welfare at Wonkwang University. Japan topped the list, proving
March 14, 2013