Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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What will Yoon, Han talk about at dinner?
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Pantech returns with 'IM-100' smartphone
Pantech Co. made a comeback to the smartphone world with its own smartphone on Thursday after a 20-month hiatus, a litmus test for whether the South Korean firm will be able to regain its stature as the nation's No. 3 mobile phone maker.The mid-tier Sky IM-100 hit the local market through two domestic mobile service providers - KT Corp. and SK Telecom Co.Around 7,000 units were reportedly sold in pre-orders from June 24-29 in spite of fierce competition in the budget phone market.The IM-100's fa
TechnologyJune 30, 2016
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Gender equality undermined at home, school: gov't survey
Stereotypical gender roles at home and school remain a key barrier to gender equality, a government survey showed Thursday.The survey, compiled by the Ministry of Gender Equality and Family on 1,000 adults and 500 students, is part of a government project for the upcoming gender equality week that runs from July 1-7.According to the survey, 49.6 percent of the female adult participants said South Korean families are exposed to gender inequality at home, while only 25.1 percent of the male adult
Social AffairsJune 30, 2016
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N. Korea has well-organized underground banking: report
North Korea appears to have a relatively well-established underground banking system as the country's central bank fails to provide funds to companies amid an economic crisis, a report claimed Thursday.According to the report by the state-run Export-Import Bank of Korea, the North's underground banking, where money is transferred through informal rather than formal banking, took shape in the 1990s as a serious economic crisis made its central bank unable to lend money to corporate borrowers.Unde
North KoreaJune 30, 2016
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Hyundai, Kia’s China market share show first on-year rise
[THE INVESTOR] Hyundai Motor Group’s share of the Chinese market rose in May from a year ago aided by rising SUV sales. According to industry data, the combined market share of Hyundai Motor and Kia Motors came in at 9.2 percent in May, rising 0.2 percentage points compared to the same month last year. The data showed that the two carmakers sold 150,450 units, excluding small commercial vehicles, in May. Compared to May 2015, the figure is an increase of 16.6 percent. Much of the rise was accoun
MobilityJune 30, 2016
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Combined market share by Hyundai, Kia edges up in China
The combined market share by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. edged up in China in May from a year ago, industry data showed Thursday.Data compiled by the China Passenger Car Association showed that the two South Korean carmakers sold a combined 150,450 units in May, accounting for 9.2 percent share in the world’s largest auto market.The figures represent a 0.2 percentage point increase from a year earlier. It marked the first time that the combined market share by Hy
MobilityJune 30, 2016
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Medipost gets US patent for cartilage treatment technology
[THE INVESTOR] Korean pharmaceutical firm Medipost has been granted a US patent for its cell therapeutic technology used in its osteoarthritis treatment solution Cartistem, the company’s spokesperson said on June 29. The mechanism alleviates knee cartilage pains with mesenchymal stem cells extracted from allogeneic umbilical cord blood. Medipost's osteoarthritis treatment solution CartistemMedipost already holds US patents for its two other cell-based technologies that act as bases for treatment
IndustryJune 30, 2016
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TechPLEX launches full-scale operations of next-generation narrowband IoT project
TechPLEX, a producer of mobile communications modules, announced Monday that its next-generation narrowband IoT project will soon enter full-scale operation. “Through this project, we will significantly reduce the data use of numerous IoT devices operating over broadband networks,” CEO Yoon Byeong-ho said. “We are moving ahead with the implementation of this project as quickly as possible, as it is highly likely this market will become very active by the second half of next year.”Communication m
TechnologyJune 30, 2016
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Korean gov’t to restrict overseas projects by state-run energy firms
[THE INVESTOR] The South Korean government will tightly restrict state-run energy firms’ new investment in overseas resource development in the midst of low oil prices as the government pushes for sweeping restructuring efforts, the Ministry of Trade, Industry and Energy said on June 30. The ministry will strengthen monitoring on loss-making overseas assets of public energy firms such as the Korea National Oil, the Korea Gas and the Korea Resources. “All their oversea assets will be subject to t
June 30, 2016
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N.K. pledges to bolster nuke deterrence against U.S.
North Korea on Thursday reiterated its pledge to bolster its nuclear deterrence both in quality and quantity against what it called U.S. hostile acts, the country's state-run media said.North Korea defended its latest test of intermediate range missiles, saying that it is natural for the country to take steps to boost nuclear deterrence to counter Washington's constant threats, according to the Korean Central News Agency.North Korea "will continue taking a series of steps for bolstering up the n
North KoreaJune 30, 2016
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Household debt growing at concerning rate, posing possible threats: BOK
South Korean households are taking out loans at a faster clip than the increase in their income or ability to pay back, suggesting that household debt may cause serious problems down the road, the central bank said Thursday.In a report to the National Assembly, the Bank of Korea said the country's overall financial system remained stable based on improving profitability and financial soundness of local financial institutions.However, "in the case of households, their delinquency rate and debt st
June 30, 2016
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N.K. vows to ease power shortages, improve people's livelihoods at assembly
North Korea has unveiled details of the five-year strategy to boost its economy, vowing to ease the shortages of electric power and improve the livelihood of North Koreans, Pyongyang's media said Thursday.The North called for a thorough implementation of the five-year vision that North Korean leader Kim Jong-un laid out at a rare ruling Workers' Party of Korea congress in May, as it held the meeting of the Supreme People's Assembly, the country's rubber-stamp parliament, on Wednesday.Firmly seek
North KoreaJune 30, 2016