Most Popular
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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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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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Korean Air gets European nod to become Northeast Asia’s largest airline
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Samsung shakes up management, commits to reviving chip business
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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BOK makes surprise 2nd rate cut to boost growth
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LG CNS wins Malaysian bid on railroad mobile system
LG CNS, a Korea-based provider of information technology services, announced Wednesday that it has become the first Korean company to build a mobile service network for the mass rapid transit system, or the MRT, in Kuala Lumpur, Malaysia. Beating 24 rival global firms to form a consortium with local firm APEX Communications in the 140 billion won ($128 million) bid, LG CNS plans to install IT-based framework consisting of wireless communication system, surveillance cameras, metro broadcasting fa
TechnologyOct. 24, 2012
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Pulmuone invites foreigners to kimchi museum
Eco-friendly food maker Pulmuone invites foreigners to take part in an educational program that includes kimchi-making from Wednesday through the end of November at its kimchi museum in COEX, southeastern Seoul.Participants of the program “I Love K,” short for “I love Korea and kimchi,” are given a chance to look around the kimchi museum which shows the history and different types of kimchi, traditional storage methods for the Korean pickled cabbage as well as kimchi-related antiques and materia
IndustryOct. 24, 2012
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Korea, 15 Asia-Pacific nations to open regional FTA talks
South Korea and 15 other countries are set to launch negotiations on a regional free trade pact next month, which could bring huge economic impact to Asia’s fourth-largest economy, Seoul’s Trade Ministry said Wednesday.According to the ministry, the so-called Regional Comprehensive Economic Partnership involves the 16 countries ― the 10 ASEAN members plus China, Japan, South Korea, India, Australia and New Zealand, and aims to liberalize trade in goods, services and investment in the Asian regio
IndustryOct. 24, 2012
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Shares slip on economy, earnings woes
South Korean stocks fell 0.67 percent on Wednesday as concerns about the economic slowdown and weak corporate earnings continued to weigh down investor sentiment, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index declined 12.85 points to 1,913.96, marking the fourth straight session of losses. Trading volume was moderate at 558.4 billion shares worth 5.58 trillion won ($5.06 billion) with losers outpacing gainers 491 to 328.“Without cl
Oct. 24, 2012
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Kia pins high hopes on K3 to expand China sales
SHANGHAI ― A Shanghai dealership for Kia Motors has seen its number of visiting customers rise more than 10 percent since anti-Japan sentiment across China escalated last month amid their bitter row over a group of uninhabited islets. “We have 15-18 percent more customers recently following the China-Japan territorial disputes,” said He Renzhou, general manager at the best-selling Kia outlet in Shanghai. “Even before that, the car sales of Japanese companies had been declining. Meanwhile, Kia ha
IndustryOct. 24, 2012
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Samsung expects to beat counterparts with ATIV PC
Samsung Electronics said Wednesday that it expects to beat top global makers of personal computers with its new smart PC which operates on the upcoming Windows 8, named ATIV PC. The world’s largest tech firm unveiled ATIV PC at a media event in its Seoul headquarters. The new product maximizes convertibility in design, portability in use and compatibility with smartphone apps, the company said.“The vendors of personal computers will jump into the war by the end of this year to take more market s
TechnologyOct. 24, 2012
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LGE comes back into black for Q3
LG Electronics said Wednesday it posted an operating profit of 221 billion won ($195.06 million) for the third quarter of this year, with its mobile business unit coming back into the black.In its regulatory filing for July-September, the local electronics firm also said that it recorded 12.37 trillion won in total sales and 157 billion won in net profit.The figures indicate that total sales for the third quarter slid 4 percent from 12.9 trillion won recorded during the same period last year. Bu
IndustryOct. 24, 2012
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SK Hynix to cut 20% of executives
SK Hynix, the result of SK Group’s highly publicized merger with Hynix Semiconductor this year, is expected to dismiss up to 20 percent of its executives within the next two months. Industry sources said the dismissal rate could go up to as high as 30 percent when including some non-executive employees.The sources said SK Hynix has been without an owner for too long, and had become too big and unwieldy for SK to cope with.“Think about it. It has had no owner for a decade. It’s high time that the
IndustryOct. 24, 2012
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2012 AIPPI Congress presents roadmap for its future
The International Association for the Protection of Intellectual Property, the world’s biggest intellectual property association, presented a roadmap for the future of its organization during the 43rd AIPPI Congress in Seoul which ended Tuesday after a four-day run. AIPPI’s vice president John Bochnovic, who will serve AIPPI as president for 2013-2014, made the presentation based on a recent report published by a consulting firm on Tuesday. The report consisted of a strategy and recommendations
TechnologyOct. 24, 2012
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‘Game fiction has huge potential as creative content’
Many people stick to the misperception that game fiction writers are some sort of anti-social hermits who spend days and nights playing games, be it at home or in dark, sketchy PC rooms.However, the testimony of a 22-year-old Korean game fiction writer Lee Byung-ha poses powerful counterevidence to such an illusion. The young game fiction prodigy is a senior majoring international economics at the University of Heilongjiang in Harbin, China, whose mother never saw him spending hours in front of
TechnologyOct. 24, 2012
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Game meets literature for perfection
In the past, games were just all about clearing the given quests. Nobody really cared about the game characters or storylines ― let’s take online games “Fortress” and “Lineage” for example.When playing these games, people focused on targeting their competitors with the given weapons to score the most points or get the items that boost their ranks within the online gaming world.However, that trend is changing and many people are now in search of games with a strong and appealing storyline, which
TechnologyOct. 24, 2012
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U.S. film association chief seeks stronger ties with Korea
The Motion Picture Association of America wants more collaboration with the Korean film industry, MPAA chairman Christopher Dodd said in Seoul on Wednesday.Dodd was speaking at a luncheon hosted by the American Chamber of Commerce in Korea. The former U.S. Democratic Party senator said Korea was one of the U.S.’ most significant trade partners, adding that the partnership between the two nations would only deepen in the years to come. Commenting on the success of Korean films by directors Im Kwo
IndustryOct. 24, 2012
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Korea ranks 108th in gender equality: WEF report
South Korea ranked among the lowest group in the world in gender equality, a report showed Wednesday, indicating that it needs to step up efforts to bolster women’s economic participation and their access to education.According to the report by the World Economic Forum, South Korea came in at 108th out of 135 countries it surveyed in terms of gender equality this year. The ranking was one notch lower than the previous year and it was also similar to countries such as the United Arab Emirates, Ku
Oct. 24, 2012
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Dogs react to yawning after 7 months
LUND, Sweden (UPI) -- Dogs, like humans, are susceptible to contagious yawning, but it develops gradually and puppies younger than 7 months seem immune, Swedish researchers say.Researchers at Lund University, writing in the journal Animal Cognition, report a developmental, age-related trend in susceptibility to contagious yawning seems to operate in both humans and dogs.Previous research has demonstrated contagious yawning in humans, adult chimpanzees, baboons and dogs, and suggests it is eviden
TechnologyOct. 24, 2012
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Group slams sex advice website aimed at teens in U.K.
British family campaigners criticized a website that gives advice on sex acts to children as young as 13, local media reported Wednesday.The respectyourself.info website, provided by the “Respect Yourself” project, features explicit images of naked people as well as detailed information on sexual acts. The project was funded by Warwickshire Council and the EU and was designed by the National Health Service,“This is a grossly irresponsible website and a complete misuse of taxpayers’ hard-earned c
TechnologyOct. 24, 2012
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E-ink phone could go a week on a charge
A Chinese company says it is developing a smartphone with a display akin to those on e-readers to create an Android phone you only have to charge once a week.Chinese manufacturer Onyx International is working on the phone that would use the same kind of easy-on-the-eyes, long-lasting "e-ink" technology used in current e-readers, TG Daily reported.E-ink screens can be read in even the brightest conditions, but many consider their best feature to be extended battery life.Onyx is apparently looking
TechnologyOct. 24, 2012
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SK Hynix to dismiss 20% of executives by year’s end
Group wants to slim down, put SK people in Hynix to revamp SK Hynix, the brainchild of SK Group’s highly publicized merger with Hynix Semiconductor this year, is expected to dismiss up to 20 percent of its executives within the next two months. Industry sources said the dismissal rate could go up to as high as 30 percent when including some of the non-executive employees.The sources said SK Hynix has been without an owner for too long, and had become too big and unwieldy for SK to cope with.“Th
IndustryOct. 24, 2012
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Mars canyon star of dramatic cosmic image
A European spacecraft orbiting Mars has captured new images of one of the solar system's most dramatic geological features, scientists say.Valles Marineris on Mars is a chasm 125 miles wide, more than 6 miles deep and stretching for almost 2,500 miles, making it the largest canyon in the solar system.It is 10 times longer and five times deeper than Earth's Grand Canyon, a release from the Paris headquarters of the European Space Agency said Monday.The latest image of Valles Marineris, in near-t
TechnologyOct. 24, 2012
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Facts and figures on the new iPad mini
These are the principal features, pricing and availability of the new iPad mini tablet computer unveiled by Apple on Tuesday:-- the iPad mini has a 7.9-inch (20.06-centimeter) touchscreen when measured diagonally, smaller than the 9.7-inch (24.6-cm) display on the original iPad-- the iPad mini weighs 0.68 pounds, 53 percent lighter than Apple's third generation iPad-- it is 7.2 millimeters (0.28 inches) thick, 23 percent thinner than the original iPad and thinner than a pencil-- the iPad mini ha
TechnologyOct. 24, 2012
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Apple reveals iPad Mini starting at $329
Apple Inc.'s pencil-thin, smaller iPad will cost much more than its competitors, signaling the company isn't going to get into a mini-tablet price war.The company debuted the iPad Mini Tuesday, with a screen two-thirds smaller than the full model, and half the weight. Customers can begin ordering the new model on Friday. In a surprise, Apple also revamped its flagship, full-sized iPad just six months after the launch of the latest model.Apple's late founder Steve Jobs once ridiculed a small tabl
TechnologyOct. 24, 2012