Most Popular
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NewJeans to terminate contract with Ador
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Korean Air gets European nod to become Northeast Asia’s largest airline
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NewJeans terminates contract with Ador, embarks on new journey
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Ador claims exclusive contracts with NewJeans still valid
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Firefighter holds truck driver for 45 minutes to save him from falling off bridge
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Heavy, wet snow to fall more often this winter
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[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
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SNU professors join growing movement calling for Yoon's resignation
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Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
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Seoul to explore supporting children born outside of marriage: Yoon's office
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
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New government to drive exports of nuclear plants
The coming Park Geun-hye government is expected to take a two-track policy of promoting exports of nuclear power plants while curbing expansion of the industry at home. The outline of 140 major projects that the presidential transition committee unveiled on Thursday said the new government will support exports of nuclear plants in an attempt to boost the economy. But it didn’t present a clear direction on the increase of nuclear reactors at home. The president-elect has continued to stress the s
IndustryFeb. 22, 2013
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‘Apple missed shared growth’
Yoo Jang-hee, chief of the National Commission for Corporate Partnership, on Friday accused Apple Inc. of overlooking the need for shared growth with other companies.“Apple has been going through hardship lately because it neglected the importance of shared growth,” Yoo said in a seminar of CEOs hosted by the Korea Employers Federation.Dividing corporate activities into those powered by “tangible motives” such as profit and outcome, and “intangible motives” including social values and humanity,
IndustryFeb. 22, 2013
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Ergo Daum faces sanction for rigging figures
The Financial Supervisory Service is considering taking punitive measures against Ergo Daum Direct, an online auto insurance firm, for fabricating the ratio of insurance payouts to premiums ― also called loss ratio.Though FSS officials said they have yet to decide on the sanction level, there is a high possibility that the insurance firm will be issued an institutional “warning” or “caution” by the regulator.But the punishment is not expected to deal a heavy blow to the insurance firm’s business
Feb. 22, 2013
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More youths struggle with debt
Debt rescheduling requests filed by South Koreans in their 20s surged last year largely due to heavy financial burdens from repaying loans for school fees and living expenses amid low employment, data showed Friday.The number of applicants aged 29 or below for a personal debt rescheduling program stood at 6,809 last year, up 4.2 percent from 6,535 the previous year, according to the data by the Credit Counseling and Recovering Service. In South Korea, a borrower who is three months or more behin
Feb. 22, 2013
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GM renews commitment to Korea
General Motors on Friday renewed its commitment to its Korean operations, pledging to invest 8 trillion won ($7.3 billion) over the coming five years. The promised money exceeds the total 10 trillion won that the U.S. auto giant has poured into the branch over the past 10 years since the establishment of GM Korea. “It’s a real story,” Tim Lee, head of GM’s international operations, during a press conference at the Korean unit’s headquarters in Bupyeong, Incheon.“GM Korea is part of GM’s success
IndustryFeb. 22, 2013
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Kyobo launches subscription ebook service
Korea’s biggest bookstore chain Kyobo Book Center has launched a subscription-based e-book service ‘Sam’ and a dedicated e-book reader, sparking disputes about whether its pricing might undercut smaller rivals in the nascent market. In a press conference held on Thursday, Kyobo said its e-book service offers a one to two-year membership to readers, during which they can enjoy a certain number of titles every month. The company also rolled out its own e-book device that runs on Android targeting
TechnologyFeb. 22, 2013
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Zombie stories legacy of modern wars: scholar
A recent surge in popularity of apocalyptic zombie fiction may be attributed to major wars in human history, a U.S. literary scholar claimed in her recent paper.Angela Becerra Vidergar, a doctoral candidate in comparative literature at Stanford University, alleged that depicting apocalyptic futures may be humans’ way of coping with traumatic events such as World War II.In her doctoral dissertation, “Fictions of Destruction: Post-1945 Narrative and Disaster in the Collective Imaginary,” she said
TechnologyFeb. 22, 2013
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Gender-based traits ‘flexible’: study
A masculine woman or a feminine man may not be such an exception, a study suggested, citing the greater-than-expected volume of character traits shared by men and women.Men, for example, can be as care-giving, empathetic and self-sacrificing as women. Likewise, women can be talented in science or math, think logically, and value looks when finding a mate -- traits traditionally associated with men. The study analyzed the data of 122 behavioral and personality factors from 13,301 participants who
TechnologyFeb. 22, 2013
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Seoul shares close almost flat on global events
South Korean stocks closed almost flat on Friday as investors set on the sidelines ahead of major events around the globe, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 0.18 percent, or 3.67 points, to 2018.89. Trading volume was moderate at 403.2 million shares worth 3.9 trillion won (US$3.66 billion) with gainers outpacing losers 422 to 375."The stock market moved in a narrow range as investors took a wait-and-
Feb. 22, 2013
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Seoul shares up 0.47 pct in late-morning trade
South Korean stocks traded 0.47 percent higher late Friday morning due to gains in carmakers and shipbuilders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.46 points to 2,024.68 as of 11:20 a.m.Carmakers led the market gain, with No. 1 player Hyundai Motor advancing 1.39 percent and its smaller affiliate Kia Motors adding 0.73 percent. Top auto parts manufacturer Hyundai Mobis moved up 0.65 percent.Shipbuilders also gathered ground, with Hyundai Heavy Industrie
Feb. 22, 2013
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LG to release Optimus G in Europe
South Korean handset maker LG Electronics Inc. said Friday it will release its flagship Optimus G smartphone in Europe this month.LG said the 4.7-inch display phone that runs on Qualcomm Inc.'s Snapdragon S4 Pro processor will go on sale in Sweden this month before being released in France and Germany.The move comes after LG released the premium smartphone in Canada, Japan, South Korea and the United States as part of its efforts to regain its presence in the mobile market.The company has sold m
TechnologyFeb. 22, 2013
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Seoul shares open lower on U.S. losses
South Korean stocks got off to a weak start on Friday, tracking overnight losses on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.68 points, or 0.33 percent, to 2,008.54 in the first 15 minutes of trading.Shares lost ground across the board, with market behemoth Samsung Electronics losing 1.35 percent, and top steelmaker POSCO falling 0.82 percent. No. 2 carmaker Kia Motors moved down 0.73 percent.U.S. stocks ended lower Thursday on concerns that the F
Feb. 22, 2013
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KEPCO facing worst debt problems in public sector
State-run power company Korea Electric Power Corp. (KEPCO) is facing the worst debt problems among public organizations due to government regulations, a report said Friday.The report by the Korea Institute of Public Finance classify public organizations in four categories in terms of financial stability -- very dangerous, dangerous, cautious and safe -- and said that KEPCO's financial status is "very dangerous" given its current debt problems.KEPCO received the worst grading as its debt came to
TechnologyFeb. 22, 2013
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Park’s economic team to focus on growth, jobs
With Cho Won-dong named chief economic aide to President-elect Park Geun-hye, joining Finance Minister-nominee Hyun Oh-seok in the incoming government, the economic duo, who are described as “two of a kind,” are expected to first tackle issues on rising household debt through growth policies focused on boosting welfare.Park’s full economic lineup is yet to be established, as top new posts for the Financial Services Commission, the Fair Trade Commission, the National Tax Service and the Korea Cus
Feb. 21, 2013
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Top 30 Korean brands worth over W90tr
Korea’s top 30 corporate brands were worth a combined 94.36 trillion won ($86 billion). Topping the list was Samsung Electronics, whose brand value accounted for one-third of the combined amount, according to Interbrand and Fortune Korea on Thursday.Interbrand is a leading global brand consultancy that annually announces the world’s 100 best brands. Jez Frampton, the chief executive at Interbrand, said that Korea was a key market driving innovation, and that was why Interbrand had eyes on Korea.
IndustryFeb. 21, 2013
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Yahoo unveils new features to regain luster
U.S. Internet portal Yahoo Inc. has revamped its main page, highlighting news of interest in a bid to attract more visitors and better compete with rival search engines.The makeover is led by Yahoo CEO Marissa Mayer, who took the reins in July 2012 after 13 years at Google, the most visited site in the U.S. last year and the company’s archrival.While providing expanded news content, Yahoo now offers customizable content modules to help users choose content that suits their tastes. “Whether you a
TechnologyFeb. 21, 2013
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[Graphic News] Korea’s ‘pain at the pump’ eases
How much do Korean drivers hit by high gasoline prices feel the pain at the pump? According to the latest Bloomberg Gas Price Ranking released last week, Korea ranked 32nd among 60 countries by pain at the pump, which is measured by the proportion of average daily income needed to buy a gallon of fuel.The average daily income in Korea was $65 and the share of a day’s income needed to buy a gallon (with a price of $6.77 per gallon) was about 10 percent, the report said. Last year, Korea ranked 20
Feb. 21, 2013
![[Graphic News] Korea’s ‘pain at the pump’ eases](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/02/21/20130221001260_0.jpg&u=20130221201128)
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Smog causes surge in heart deaths: study
PARIS (AFP) ― Exposure to higher levels of fine particulates ― the airborne pollution that is an emerging problem in many Asian cities ― causes a sharp rise in deaths from heart attacks, a study published on Wednesday said.Research published in the European Heart Journal pointed the finger at so-called PM2.5 pollution, which comprises tiny particles measuring 2.5 micrometers across or less.They are mainly generated by burning coal and oil for power stations, and petrol and diesel for transport.A
TechnologyFeb. 21, 2013
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Uterine myoma
Many women have been frequently asking me: “I have been told that I have uterine fibroid (myoma). Do I need to have an operation?” I think the reason for this is that with the emphasis on the importance of early diagnosis of cervical cancer, more women are regularly getting checkups for gynecological cancers, leading to findings of even small uterine myomas that would have gone unnoticed in the past.Uterine myoma is a benign tumor of the muscles in the uterus. It is a common gynecological condit
TechnologyFeb. 21, 2013
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Study: Better TV might improve kids’ behavior
SEATTLE (AP) ― Teaching parents to switch channels from violent shows to educational TV can improve preschoolers’ behavior, even without getting them to watch less, a study found.The results were modest and faded over time, but may hold promise for finding ways to help young children avoid aggressive, violent behavior, the study authors and other doctors said.“It’s not just about turning off the television. It’s about changing the channel. What children watch is as important as how much they wat
TechnologyFeb. 21, 2013
![[Graphic News] Korea’s ‘pain at the pump’ eases](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/02/21/20130221001260_0.jpg&u=20130221201128)
