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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Seoul snowfall now third heaviest on record
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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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No comparison between space programs of two Koreas: U.S. gov't
The U.S. government made clear Thursday that it makes no sense to compare the rocket launches of the two Koreas."You know our view that there is no basis for comparing the behavior of the ROK in space with the behavior of the DPRK," State Department spokeswoman Victoria Nuland said at a press briefing. She was using the acronym of the formal names of the Koreas -- the Republic of Korea and the Democratic People's Republic of Korea.Earlier in the day, South Korea succeeded in its third attempt to
TechnologyJan. 31, 2013
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S. Korea's new satellite makes contact with ground station
South Korea's new science satellite successfully made contact with a ground station here Thursday, marking a complete success in the country's launch of its first-ever space rocket on the previous day, officials said.The first communication contact was made at 3:27:12 a.m., according to officials from the country's Satellite Technology Research Center at the Korea Advanced Institute of Science and Technology in Daejeon, 160 kilometers south of Seoul.The contact came after the Korea Space Launch
TechnologyJan. 31, 2013
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Top NCO retires
BusinessJan. 31, 2013
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Toyota says to recall 900,000 cars
Japanese auto giant Toyota said Wednesday it would recall more than 900,000 vehicles in Canada, Japan, Mexico and the United States because of an airbag problem.Toyota will replace parts used in some 907,000 hatchbacks, named Voltz in Japan and Corolla and Corolla Matrix overseas, and produced between 2001 and 2004, a company spokesman said.(AFP)
IndustryJan. 30, 2013
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Korea makes contact with newly launched satellite
The Korea Aerospace Research Institute announced that it has made contact with the country’s new scientific satellite, completing a mission to send a satellite into orbit for the first time from its own soil.The satellite first communication contact was made at 3:27:12 a.m., according to officials from the country‘s Satellite Technology Research Center at the Korea Advanced Institute of Science and Technology in Daejeon, 160 kilometers south of Seoul.Korea on Wednesday successfully launched its
TechnologyJan. 30, 2013
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What’s next after Naro?
Korea plans to develop a three-stage indigenous space rocket, the KSLV-2, by 2020. Before that, it aims to develop a 75-ton thrust engine by 2018. Kim Seung-jo, president of the Korea Aerospace Research Institute, said earlier that the country should look to a private space firm called SpaceX for its future space model. The California-based firm’s two-stage rocket uses the Merlin engine, which provides a 66-ton thrust using liquid oxygen and kerosene. The first stage has nine Merlin engines clus
TechnologyJan. 30, 2013
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Korea takes crucial step toward space era
With the successful launch of the Naro rocket on Wednesday, Korea made a major stride in its decade-old bid to gain entry into the elite club of players in space technology and the lucrative space services market.The 33.5-meter, 140-ton Korea Space Launch Vehicle-1 blasted off from the Naro Space Center on the south coast, putting the nation’s 15th satellite into orbit. Korea became the 11th nation to have successfully sent a domestic satellite from its own soil.The achievement marks a momentous
TechnologyJan. 30, 2013
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U.S. looks to futuristic guns for safety
NEW YORK (AP) ― It sounds, at first, like a bold, next-generation solution: personalizing guns with technology that keeps them from firing if they ever get into the wrong hands.But when the White House called for pushing ahead with such new technology as part of President Obama’s plan to cut gun violence, the administration did not mention the concept’s embattled past. As with so much else in the nation’s long-running divisions over gun rights and regulation, what sounds like a futuristic vision
TechnologyJan. 30, 2013
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LGE posts solid quarterly profit
LG Electronics said Wednesday that it posted 13.49 trillion won ($12.42 billion) in sales and 107.2 billion won in operating profit for the final quarter of last year, boosted by rising sales of smartphones and TVs.The electronics maker also said that the quarterly operating profit and sales increased 25 percent and 9 percent, respectively, compared to the same period last year.In total, the company recorded 50.96 trillion won in annual sales and 1.13 trillion won in annual operating profit for
IndustryJan. 30, 2013
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Doosan seeks to buy Italian energy firm
Doosan Heavy Industries and Construction, in a move to advance in the lucrative power plant business, shaped up its plan to take over an overseas company possessing original technology in nuclear power generation.The engineering, procuring and construction company recently made its preliminary bid on Ansaldo Energia, an energy generating subsidiary of Finmeccanica, Italy’s state-run defense company.Ansaldo, especially its nuclear power production arm Ansaldo Nucleare, possesses refined technolog
IndustryJan. 30, 2013
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Foreign CEOs invited for forum on Park’s policy
The foreign business community in Korea is expected to be offered a rare opportunity to directly converse with the incoming Park Geun-hye government. On March 20, The Korea Herald and The Herald Business will jointly host a dialogue between global companies here and the five top government officials of the Park government in the fields of economy, welfare, labor, finance and defense. The event will be held for over 500 businesspeople in the foreign corporate community here, at Millennium Hilton
IndustryJan. 30, 2013
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Korea’s income inequality 3rd highest in OECD
Income disparity among Koreans aged 65 and older is widening as the population rapidly ages with fewer job opportunities for the elderly.Income inequality in Korea among those 65 and older reached an all-time high of 0.419 on the Gini index in 2011, according to the country’s statistics bureau and the Korea Labor Institute.The number broke the 0.5 mark after measuring incomes after subtracting public assistance funds and basic insurance benefits for senior citizens.A coefficient approaching 1 si
Jan. 30, 2013
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Top conglomerates have thick glass ceiling
The ratio of female executives at South Korea’s top conglomerates reached 1.5 percent, data showed Wednesday, raising concerns over the severe gender imbalance in the local firms’ C-suite.Women accounted for 77 of the total 5,201 executives at 94 affiliates of the country’s 10 major business groups as of Friday, according to the data compiled by research firm CEO Score.Samsung Group, South Korea’s top conglomerate, employed 39 high-ranking female officials, accounting for more than half of the t
Jan. 30, 2013
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Hana Bank raises $500m via bond sale
Hana Bank, South Korea’s No. 4 bank, said Wednesday that it has raised $500 million by selling global bonds in order to repay maturing foreign currency debt. The lender said the three-year bonds carry an interest rate of 1.375 percent, which translates into a rate of 1.05 percentage points higher than the yield on three-year U.S. Treasuries.The debt sale was co-arranged by five foreign investment banks, including Barclays and BoA-Merrill Lynch, the bank added. (Yonhap News)
Jan. 30, 2013
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Samsung to top Apple in smartphone market in 2013
South Korea-based tech behemoth Samsung Electronics Co. will likely see its share of the world smartphone market far outpace that of iPhone maker Apple Inc. this year with new Galaxy devices set to hit the market, data showed Wednesday.Samsung is expected to ship 320.4 million units of smartphones worldwide in 2013, compared with an estimated 159 million units of the iPhone shipped by Apple, according to the data by market researcher Strategy Analytics.LG Electronics Inc. of South Korea comes ne
TechnologyJan. 30, 2013
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Four key IT technologies that will shape the future
Cloud computing, business analytics, mobile, social business. There is no mystery why we are hearing so much about these technologies. They are completely reshaping how business gets done and rewriting strategic playbooks across industries. In these spaces, new business possibilities are emerging and some companies are equipped to innovate at the forefront of these fast-moving technology trends and drive strategic advantages for their organizations.In fact, CEOs say that during the next three to
TechnologyJan. 30, 2013
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Major telecoms offer unlimited data plans for LTE smartphones
The monthly unlimited data schemes for handsets running on the fourth-generation Long Term Evolution networks have been the talk of town since their debut last week.LG Uplus, the smallest of the nation’s three mobile carriers, was the first to announce the new unlimited data usage plan for LTE smartphone owners, with the plan starting from 95,000 won.The move was immediately followed by KT on the same day, featuring a similar monthly usage scheme.However, it took longer for industry leader SK Te
TechnologyJan. 30, 2013
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How to fend off sexual harassers on buses, subways (2)
1. A harasser approaches a woman from the front as shown in Picture 1, leaving very little or no personal space.There are two ways of getting out of this tight situation. One is the silent approach without drawing attention from nearby people, and the other is to aggressively stand against the opponent causing commotion.Here is how to actively fend off harassers on public transport.2. Take a step away from the opponent. Bend both arms to bring both hands toward your chest and block the opponent
TechnologyJan. 30, 2013
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New hair transplant device developed to improve success rate
The number of people in Korea suffering from hair loss has now reached 10 million. Recently, it’s not only because of genetic reasons, but also due to environmental factors such as excessive stress, drinking, smoking and irregular eating habits.A growing number of hair loss patients are in their 20s and 30s, and most of them have difficulties in their social life.The most common way to prevent or treat hair loss is by taking drugs such as finasteride and minoxidil. But patients with genetic caus
TechnologyJan. 30, 2013
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Entrepreneur finds an opportunity in home care for elderly Asians
PHILADELPHIA ― It’s hard for anyone to care for an ailing, aging family member, but Choi Im-ja faced extra challenges when her mother’s stomach cancer was diagnosed in 2002.Choi’s mother, who had come to the United States from Korea in 1978 to help raise Choi’s children, had never learned to speak English or enjoy American food. Choi thought she would be miserable in a nursing home.But her mother weighed 62 pounds and had a colostomy bag when she got out of the hospital. Choi and her husband bot
TechnologyJan. 30, 2013
