Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Suicide attempts spike among youth in Korea
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Korea, China, Japan vow to address yellow dust and climate change
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Trade ministers of S. Korea, China hold talks in Beijing
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Korea aims to become global bio-health leader
The South Korean government reaffirmed its pledge to support the growth of the nation’s biotechnology and health care sector at the Bio Korea 2016 international convention, which kicked off Wednesday at Coex in southern Seoul.The three-day convention -- which brought together some 23,000 industry officials to discuss and spotlight the latest trends in the local and international bio-health industry -- comes amid Seoul’s efforts to turn it into the country’s next economic growth engine. Prime Min
IndustryMarch 30, 2016
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Seho Tech offers chemical solution for nonflammable material
Overshadowed by big corporate names like Samsung and Hyundai, Korea’s small and medium-sized enterprises with a technological edge have little chance to expose themselves to the global business scene. This is why the Small and Medium Business Administration discovers small and hidden “gems,” driven by innovative technology, and helps them grow into bigger players. Seho Tech, a local chemical materials supplier, is one such company the SMBA recognized as a technological innovation project leader
IndustryMarch 30, 2016
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Park leaves for U.S. for Nuclear Security Summit
President Park Geun-hye left for Washington on Wednesday for a summit with her U.S. counterpart Barack Obama and dozens of other world leaders on how to tackle the threats on nuclear terrorism and to strengthen an international regime for nuclear security.The biennial meeting, scheduled for Thursday and Friday, has been held every two years since Obama hosted the inaugural summit in 2010 as part of efforts to make the world free of nuclear weapons. This year's meeting is to be the final summit.T
DefenseMarch 30, 2016
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[Photo News] Interest in Korean defense equipment
INTEREST IN KOREAN DEFENSE EQUIPMENT -- An official from LIG Nex 1, Korea‘s leading arms contractor, promotes Haesung, a long-range anti-ship cruise missile, to Indian high-ranking military officials Tuesday during the Defexpo India 2016 being held in the West Asian country. (LIG Nex 1)
IndustryMarch 30, 2016
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Samsung named more “reputable” than Apple
South Korea’s Samsung Electronics was named the third-most reputable company in the United States, an industry tracker said Wednesday. Apple, on the other hand, was not included in the top 100.According to research conducted by U.S.-based Reputation Institute, the South Korean tech giant came in third behind Amazon.com and Hallmark Cards in terms of reputation in the country.Food manufacturer Kellogg Company, Japanese tech giant Sony and Johnson & Johnson followed Samsung, along with Switzerland
IndustryMarch 30, 2016
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[Newsmaker] Hanwha hits Doosan DST target
Hanwha Techwin has been chosen as a preferred bidder for Doosan DST by Doosan Group and DST’s sales manager Credit Suisse was perhaps fate, destiny or meant to be. Hanwha Techwin's K9 self-propelled howitzer (Hanwha Techwin)With most analysts, investment bankers and the defense industry having forecast Hanwha Techwin to win armored vehicle and missile launcher system developer DST, Techwin’s announcement Wednesday morning did not come as a surprise. This was because, as industry sources argued,
March 30, 2016
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Samsung launches superpremium fridge
Fridges are not just for storing food anymore. They now have features that allow consumers to order groceries online, watch TV shows and listen to music. Samsung Electronics released Wednesday a top-of-the-line refrigerator, called Family Hub, which has features that include voice control, screen mirroring and digital payment for online shopping. Samsung Electronics’ home appliance chief Seo Byung-sam poses with the firm’s Family Hub refrigerator, which features a 21.5-inch touch screen, in Seo
TechnologyMarch 30, 2016
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NH NongHyup offers checking account with no ATM charges
NH NongHyup Bank, which has the largest number of ATMs in Korea, said its recently-launched checking account would offer limitless ATM charge exemptions.The bank’s NH Main Transaction Preferential Account offers up to 2 percent annual interest with a minimum annual deposit of 1 million won ($866), the nation’s fourth-largest lender said. NH NongHyup Bank runs an event until March for customers who opened a new account in the bank or set an automatic transfer to the bank to give out 3,000 gifts.
March 30, 2016
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Gangnam streaker arrested
A man who strutted through Gangnam naked during the morning rush hour was arrested on Wednesday. Seoul Gangnam Police Station said that at around 7 a.m., the 46-year-old man surnamed Kim spent more than 15 minutes walking around the 10-lane road near Gangnam subway station. (Yonhap)The police said Kim was from North Chungcheong Province, south of Seoul. He slept in Seoul station for six days before deciding to strip naked and strut around in one of the busiest areas of the capital city. Accordi
Social AffairsMarch 30, 2016
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NongHyup eyes global expansion
NongHyup Financial Group said Wednesday it is actively striving for global expansion focusing on Southeast Asia and China under the leadership of chairman Kim Yong-hwan.Since taking office last year April, chairman Kim has stressed global expansion especially during the sluggish financial domestic market and recognized NongHyup’s specialization in agricultural finance, according to the officials. NongHyup Financial Group signs an MOU with Korea Rural Community Corp. in December last year. (Nong
March 30, 2016
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Koreans seek ‘right to disconnect’
Koreans find their constantly buzzing smartphones disorienting, according to a report by the Korea Press Foundation on Wednesday.The KPF surveyed 1,040 employed Koreans over a course of four days between March 17 and 21, regarding their “rights to disconnect.” (123RF)According to the survey, 62.3 percent of the respondents felt that smartphone connectivity added to their workload. Among them, 57.6 percent singled out mobile messenger apps such as KakaoTalk and Line as the prime culprit. Other 23
Social AffairsMarch 30, 2016
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Cnooc tops Sinopec as China's second biggest oil producer
Oil’s plunge has reordered the pecking order among China’s biggest explorers. China Petroleum & Chemical Corp.’s move to close some high-cost fields has caused it to slip to number three in oil and gas production as rival Cnooc Ltd. got a boost from new domestic offshore projects.Sinopec, as China Petroleum is known, produced almost 472 million barrels of oil equivalent in 2015, down 1.7 percent. Cnooc overtook it by pumping about 496 million, jumping nearly 15 percent. PetroChina Co. remained t
World BusinessMarch 30, 2016
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Samsung named No. 3 most reputable firm in U.S.
South Korea's No. 1 tech firm Samsung Electronics Co. was named the third-most reputable company in the United States, an industry tracker said Wednesday, while its top rival Apple Inc. remained out of the top 100.According to research conducted by U.S.-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Samsung Group headquarters in Seoul (Yonhap)Foodstuffs maker Kellogg Company, Japanese tech gian
IndustryMarch 30, 2016
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Incheon Int‘l Airport to open FedEx cargo terminal
Incheon International Airport and FedEx Corp.’s affiliate Federal Express signed an agreement to open and operate an exclusive FedEx cargo terminal, the airport and the Transport Ministry said Wednesday.According to the airport, the 23,425-square-meter exclusive courier terminal will be built north of the airport and will be completed in 2019 with operations beginning in the second half of that year, the airport said. The terminal will be twice the size of cargo terminals currently being operate
IndustryMarch 30, 2016
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Fed
Yellen confident in U.S. growth but stresses ‘gradual’ rate hikesNEW YORK (AFP) -- Federal Reserve Chair Janet Yellen expressed confidence in U.S. economic growth Tuesday but stuck to a dovish stance on monetary policy, saying the Fed still had to keep its eye on international economic and financial frailty.With markets on edge over when the Fed will next raise interest rates, which would increase the cost of money for borrowers worldwide, Yellen signaled clearly that was not likely to come befo
World BusinessMarch 30, 2016
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China to end state corn stockpiling amid glut: Xinhua
China will end its state corn stockpiling program this year, replacing it with other subsidies, amid surging reserves in the world’s second-biggest grower, the official Xinhua News Agency reported.The government will encourage state and private firms to buy corn at market prices and offer credit support to farmers, Xinhua reported late Monday, citing a press briefing by the National Development and Reform Commission. It will also promote changes in crop cultivation and move to reduce existing st
World BusinessMarch 30, 2016
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Japan factory output falls in February at worst pace since 2011
Japan's factory output plummeted in February at its sharpest pace since the aftermath of the 2011 earthquake and tsunami disaster, government data showed Wednesday, the latest setback to efforts to rejuvenate the world's third-largest economy.Prime Minister Shinzo Abe has been trying for more than three years to pull Japan out of years of deflation, stagnant wages and weak consumer spending.Unorthodox measures including a massive bond-buying programme by the Bank of Japan have brought the yen do
World BusinessMarch 30, 2016
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Brexit will hurt world economy: US Treasury chief
If Britain exits the European Union it will have a negative impact on the British, European and world economies, US Treasury Secretary Jacob Lew warned Tuesday.Britons are set to vote in a crucial referendum on June 23 to decide whether to back a so-called Brexit -- or exit from the European Union.The consequences of a Brexit -- in terms of the flow of trade and economic relationships -- would have far-reaching repercussions, Lew told Charlie Rose on public television PBS."I don't think it's goo
World BusinessMarch 30, 2016
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Samsung to post better-than-expected earnings for Q1: analysts
Global smartphone giant Samsung Electronics Co. is anticipated to post better-than-expected earnings for the first quarter following the better-than-expected performance of the Galaxy S7 series, industry analysts forecast Wednesday.South Korean analysts and industry watchers expect the first-quarter operating profit of the tech giant to reach 6 trillion won (US$5.14 billion), in line with 5.98 trillion won posted a year earlier. Samsung Electronics headquarters in Seoul (Yonhap)Analysts earlier
TechnologyMarch 30, 2016
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Korea catching up with advanced nations in R&D spending
Korea maintains its lead as the world's largest investor in research and development (R&D) for its economic size but still has a long way to go to compete with the U.S. and Japan, the government said Wednesday.Korea spent 4.29 percent of its gross domestic product (GDP) in R&D in 2014, ranking first in the world, according to the Ministry of Science, ICT and Future Planning. Research facility (Yonhap)By amount, Korea came in sixth with $60.5 billion. Driven by rising industrial investment, Asia'
March 30, 2016