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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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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‘VCHA, Katseye and Dear Alice are not K-pop groups,’ industry experts say
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Ador claims exclusive contracts with NewJeans still valid
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Japan will pay for failing to honor promises, minister says
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‘Green aurora’ is Seoul's color of 2025
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Firefighter holds truck driver for 45 minutes to save him from falling off bridge
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[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors
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Invisible braces make teeth realignment comfortable
Incognito, the latest development in lingual aligners, allows patients to straighten their teeth with minimum discomfort. Unlike conventional braces, aligners are fitted on the back of the patient’s teeth, which makes them virtually invisible from the outside. For this reason, lingual aligners are favored by those who do not want their appearance to be altered by a visible metal device attached to their teeth.For Incognito, doctors use computer aided design and manufacturing to make a 3-D image
TechnologyFeb. 21, 2013
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[Photo News] Aiming for top in home appliances
IndustryFeb. 21, 2013
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Q4 household credit hits record on housing tax benefit
South Korea’s household credit rose to a fresh record high in the fourth quarter as the government’s temporary housing tax benefits raised demand for mortgage loans, the central bank said Thursday.Household credit totaled 959.4 trillion won ($997.2 billion) as of the end of December, up 23.6 trillion won from three months earlier, in contrast to an 11.8 trillion won gain in the third quarter, according to the Bank of Korea.The on-quarter growth picked up, but compared with a year earlier, the gr
Feb. 21, 2013
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Merck to release new LED phosphor products in Korea
Merck Advanced Technologies, the Korean affiliate of Germany’s Merck, said Thursday it would begin commercial supply of red nitride LED phosphors, used in lighting products, in the first half of this year, in addition to its green LuAG and more reliable silicate phosphors to meet rising demand in the LED market and diversify LED packaging.LED phosphors are used to coat blue light emitting diodes to transform the blue light into white light, as recognized by human eyes. More than 90 percent of th
IndustryFeb. 21, 2013
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Watchdog begins audit on E-Mart lobbying allegations
South Korea’s anti-trust watchdog has opened an internal audit into allegations that E-Mart Co., the country’s largest discount chain operator, lobbied its officials to stop them from reporting the company’s unfair trading practices, industry sources said Thursday. The audit comes after the recent leak of confidential documents of Shinsegae Group, the parent company of the discount chain operator, that included E-Mart’s illegal lobbying of Fair Trade Commission officials in a bid to have them ke
Feb. 21, 2013
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Daewoo bags $1.1b deal for offshore platform
Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Thursday that it has won a $1.1 billion contract to build part of an offshore oil production platform.Under the deal with Statoil of Norway, Daewoo Shipbuilding will deliver the topside of the platform by the end of 2016, the company said in a statement.The platform has a capacity of producing 63,000 barrels of oil and 90,000 cubic meters of natural gas on a daily basis, according to Daewoo Shipbuilding.So far this ye
Feb. 21, 2013
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KT&G offers limited The One Maxim Edition
Tobacco manufacturer KT&G has put 1 million packs of The One Impact Maxim Edition on sale for a limited four-week period. The outer cover was designed in collaboration with Maxim, the world’s best-selling men’s monthly magazine, to attract young male smokers in their 20s and 30s ― who comprise about 70 percent of The One series sales ― the tobacco maker said. The One Impact Maxim Edition is the first limited-edition and sixth product from the low-tar, hard-filtered The One lineup since the brand
IndustryFeb. 21, 2013
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Shares down following rally
South Korean stocks closed 0.47 percent lower on Thursday as investors took a breather following a six-session rally, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index slid 9.42 points to 2,015.22. Trading volume was moderate at 385.9 million shares worth 4 trillion won ($3.7 billion), with decliners outnumbering gainers 527 to 279.Foreigners extended their net buying to a fourth straight session, while institutions shifted to selling.
Feb. 21, 2013
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Beneficiaries of Chung foundation reach 15,000
Hyundai Motor’s Chung Mong-koo Foundation offered a new round of scholarships to some 1,400 talented underprivileged students on Thursday. The recipients included students who showed promise in basic science or cultural arts, those who lost their parents in car accidents and defector college students from North Korea. Since its creation in 2009, the scholarship program has provided 15 billion won to about 15,000 students as of 2012, the foundation said. The foundation was established in 2011 whe
IndustryFeb. 21, 2013
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5,000-plus ministers, CEOs, experts likely to attend Daegu energy congress
More than 5,000 energy-related ministers, CEOs and experts from about 100 countries are expected to attend the 22nd World Energy Congress slated for October in Daegu, organizers in Seoul said on Thursday.The organizing committee also unveiled the first speaker lineup, including names and titles of 100 speakers, in a bid to attract more global attention to the event. “South Africa’s Energy Minister Dipuo Peters has recently confirmed his participation in the event as the 100th speaker,” the commi
IndustryFeb. 21, 2013
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Extended network key benefit of Korea-Colombia FTA
Korea’s free trade agreement with Colombia builds on a nexus of FTAs for the Andean nation and will facilitate a trading platform for Korean companies to export to other economies in the region, according to Colombia’s trade minister.“We have an important internal market with a population of 50 million people, but we also have an important nexus of FTAs with many of the surrounding economies giving Korean companies a platform for exports into those other markets,” said Sergio Diaz-Granados, mini
Feb. 21, 2013
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Hycore offers alternative motor for electric cars
Hycore Co., founded by Hanyang University Holdings, has developed a new dual compound motor system that reduces the energy consumption of existing electric motors. In the envisaged era of electric vehicles, electric motors and batteries would replace traditional engines in automobiles. Existing electric motors that are widely used in electric cars and bikes consume excessive energy when used for long periods. It also takes a lot of financial investment in order to improve their performance. Inst
IndustryFeb. 21, 2013
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Russian energy giant eyes more cooperation projects with Korea
The inauguration of Korea’s new government may rev up cooperation between Korea and Russia, particularly in the energy field. President-elect Park Geun-hye, who is to take office on Monday, earlier pledged to stabilize domestic energy supplies and to achieve a logistics network covering Eurasia.Eying such potential, En+ Group, a Russia-based diversified mining, metals and energy group, is poised to seek more energy-related cooperation with Korea, including a cross-border electricity supply proje
Feb. 21, 2013
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Seoul shares down 0.47 pct following rally
South Korean stocks closed 0.47 percent lower on Thursday as investors took a breather following a six-session rally, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slid 9.42 points to 2,015.22. Trading volume was moderate at 385.9 million shares worth 4 trillion won (US$3.7 billion), with decliners outnumbering gainers 527 to 279.Foreigners extended their net buying to a fourth straight session, while institutions shifted
Feb. 21, 2013
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Scarred for life
Children who are victimized by playground bullying are more likely to develop anxiety disorders, depression and suicidal thoughts when they become adults than those who are not, according to new research by U.S. psychiatrists.A group of researchers from Duke University looked at 20 years of data from over 1,000 participants and found that bullying victims can sustain profound damage later in life unless the problem is addressed immediately.“This psychological damage doesn’t just go away because
TechnologyFeb. 21, 2013
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National Pension Service chief to resign
National Pension Service chairman Jun Kwang-woo said he would tender his resignation Friday.“Chairman Jun’s decision to step down from his post comes in line with the upcoming expiration of President Lee Myung-bak’s tenure (on Feb. 24),” a senior official at the NPS told The Korea Herald.Though Jun’s term was recently extended by one more year until December 2013, he has decided to resign before the Park Geun-hye administration takes office on Feb. 25, said the official.Jun, who worked as the na
Feb. 21, 2013
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NASA instrument sees giant sunspot forming
NASA says it Solar Dynamics Observatory has detected a giant sunspot that has grown to over six times the diameter of Earth in the last two days.Sunspots form on the sun‘s surface as magnetic fields rearrange and realign.Beginning Tuesday, instruments on the solar observatory detected a sunspot that grew to giant proportions in just under 48 hours, the space agency said Wednesday.The spot has quickly grown into what astronomers call a delta region, in which the lighter areas around the sunspot,
TechnologyFeb. 21, 2013
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[Photo News] All New Range Rover
MobilityFeb. 21, 2013
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More people sit at work, more disease risk
The more people sit the more they are at risk for chronic diseases even if they had a similar body mass index with those who sat less, U.S. researchers say.Richard Rosenkranz, assistant professor of human nutrition, at Kansas State University and colleagues examined the associations of sitting time and chronic diseases in middle-aged Australian males. Rosenkranz, and Emma George and Gregory Kolt, both at the University of Western Sydney, said the study involved 63,048 men ages 45-65 from the Aus
TechnologyFeb. 21, 2013
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Seoul shares down 0.46 pct in late-morning trade
South Korean stocks traded 0.46 percent lower late Thursday morning due to losses in brokerage houses and logistics firms, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) decreased 9.26 points to 2,015.38 as of 11:20 a.m.Brokerage houses traded lower, with Samsung Securities falling 1.05 percent and KDB Daewoo Securities losing 1.21 percent. Woori Investment & Securities moved down 1.17 percent.Logistics shares also lost ground, with Hanjin Shipping declining 2.19 percent a
Feb. 21, 2013