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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How $70 funeral wreaths became symbol of protest in S. Korea
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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Survey: 30 percent have faked being sick
The Chicago website CareerBuilder said its annual survey indicates 30 percent of workers have played hooky from work in the past year.The online survey of 3,976 U.S. workers and 2,494 hiring managers and human resources professionals, conducted on behalf of CareerBuilder by Harris Interactive, found 30 percent of respondents admitted calling in sick without an actual illness, while 31 percent of e
IndustryOct. 12, 2012
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Samsung unveils Galaxy S3 mini
Samsung Electronics Co., the world's top smartphone maker, on Friday unveiled its Galaxy S3 mini phone, a compact version of the flagship Galaxy S3 device, to cater to consumers looking for a practical option. The 4-inch smartphone is powered by Jelly Bean, the latest version of the Android operating system, and runs on a dual-core processor, Samsung said in a press release, noting the device is
TechnologyOct. 12, 2012
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Seoul shares open lower on U.S. losses
South Korean stocks got off to a weak start Friday following overnight losses on Wall Street as investors remained jittery over the global economic slowdown, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) lost 0.90 points, or 0.05 percent, to trade at 1,932.19 in the first 15 minutes of trading.Market bellwether Samsung Electronics fell 0.38 percent, and top carmaker Hyundai
Oct. 12, 2012
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NASA releases dramatic nebula images
The first systematic survey of planetary nebulas in our cosmic neighborhood has produced a galley of striking images of distant dying stars, NASA says.Images of four planetary nebulas have been released from the first survey of such objects made with NASA‘s orbiting Chandra X-ray Observatory.They are part of a survey of 21 planetary nebulas within about 5,000 light years of the Earth, the Smithsonian Astrophysical Observatory in Cambridge, Mass., reported Thursday.The observatory controls Chandr
TechnologyOct. 12, 2012
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Chimps said attacking humans in Africa
Habitat loss may be the cause of some violent attacks by chimpanzees on humans in the war-torn eastern Democratic Republic of the Congo, scientists say.At least one person, a child, has been killed in recent months in a chimpanzee attack just south of Virunga National Park in the area around the city of Goma, park officials said.The park lies on the border between the DRC, Uganda and Rwanda.A woman attempted to scare the chimp away to protect the child but the chimp reacted aggressively, said Al
TechnologyOct. 12, 2012
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U.S. appeals court allows sales of Samsung's smartphones
A U.S. appeals court on Thursday allowed Samsung Electronics Co. to continue selling its new smartpones in the U.S. market, reversing an injunction by a district court.The ruling by the U.S. Court of Appeals for the Federal Circuit is part of complicated patent lawsuits between the South Korean electronics giant and Apple Inc.Apple has accused Samsung of having copied some features of its products
TechnologyOct. 12, 2012
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BOK lowers interest rate to 2.75 percent
Central bank cuts 2012 growth outlook to 2.4%Korea’s central bank cut the nation’s economic growth forecast for this year to 2.4 percent and slashed its key interest rate to 2.75 percent, as exports and consumption showed no signs of recovery.The Bank of Korea’s monetary policy committee announced on Thursday it decided to cut the key interest rate by 0.25 percentage point after freezing it at 3 percent for two consecutive months. The last time the nation’s key interest rate was in the 2-percent
Oct. 11, 2012
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Fibromyalgia
Fibromyalgia commonly occurs in adult women aged between 20 and 60 years old. There are broad areas of the body that are painful and there is chronic pain in the musculoskeletal pain. Patients often complain of fatigue, sleep disturbance and sub-chronic spasticity, irritable bowel syndrome, edema, poor circulation in the fingers or extremities, anxiety and depression and loss of function. An important characteristic of the pain is pressure pain, which occurs when a certain part of the body is pr
TechnologyOct. 11, 2012
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Breast cancer quadruples in 15 years
Number of patients in their 50s and 60s has sharply increasedThe number of Korean women diagnosed with breast cancer quadrupled over the last 15 years due to a more westernized lifestyle and lower birth and breastfeeding rates, health experts said. According to a report by the Korea Breast Cancer Society, the number of patients with the disease surged to 16,398 in 2010 from 3,801 in 1996. The number of breast cancer patients in the population per 100,000 people also jumped to 67.2 in 2010 from 1
TechnologyOct. 11, 2012
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Galaxy Note 10.1 beats new iPad in sales
Daily sales of Samsung Electronics Co.’s Galaxy Note 10.1 tablet in South Korea are estimated to have surpassed those of rival Apple Inc.’s new iPad sales, sources said Thursday.Sales of the Galaxy Note 10.1 came to a daily average of 1,800 units so far since the launch of the gadget in mid-August, putting its combined domestic sales at over 100,000 units, according to the sources. Apple’s total sales of the new iPad, which was locally released in April, likely topped those of the Galaxy Note 10
IndustryOct. 11, 2012
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Woongjin, creditors in discord on sale of water purifier
Woongjin Group appears to be at odds with its creditors over the sale of Woongjin Coway Co., a leading local water purifier maker that serves as a cash cow for the mid-size ailing conglomerate, industry sources said Thursday. Woongjin Holdings, the parent company of Woongjin Coway, pushed for the sale of its 30.9 percent stake, or 21.88 million shares, in the purifier unit to MBK Partners Ltd., a leading local private equity fund, for 1.2 trillion won ($1 billion).The stake sale, however, was su
IndustryOct. 11, 2012
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Producer price growth hits 4-month high in Sept.
South Korea’s producer prices grew at the fastest pace in four months in September mainly because costs of agricultural products shot up due to typhoons, the central bank said Thursday.The producer price index, a barometer of future consumer inflation, rose 1 percent in September from a year earlier, accelerating from the 0.3 percent on-year gain in August, according to the Bank of Korea.The September figures marked the fastest expansion since May when producer prices rose 1.9 percent on-year.Th
IndustryOct. 11, 2012
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Shares down 0.78% as global woes nag
South Korean stocks closed 0.78 percent lower on Thursday as investors remained antsy about China’s slowing growth and lingering issues in the eurozone, analysts said.The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 15.13 points to 1,933.09. Trading volume was moderate at 456.7 million shares worth 4.61 trillion won ($4.14 billion), with decliners outnumbering gainers 479 to 342.“Continued concerns on the fate of the global economy are weighi
Oct. 11, 2012
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Sungjoo chairwoman makes political foray
Kim Sung-joo, seasoned businesswoman and head of Sungjoo Group, on Thursday expanded her area of expertise to politics by taking up the joint helm of leading Saenuri Party’s election campaign team. “Kim is an international CEO, and someone who has much insight and capacity,” the party’s presidential candidate Park Geun-hye said regarding the appointment. Kim is well known both at home and abroad for her bold moves in the fashion industry that led to the inflow of prominent foreign brands to the
IndustryOct. 11, 2012
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Banks overcharge borrowers on faulty interest rate
The erroneous disclosure of an index has been linked to overpriced loan interest rates for more than 40,000 borrowers in the local financial market.The cost of funds index, a barometer for the benchmark interest rate, published on Sept. 17 was based on miscalculated data, and major banks have been charging borrowers higher interest rates over the past few weeks, market insiders said Thursday.As a result, interest was miscalculated for about 40,800 loans issued by seven banks ― KB Kookmin, Woori,
Oct. 11, 2012
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Sony unveils new lineup of cameras, camcorder
Full-frame digital imaging technology to offer fresh experienceSony unveiled on Thursday a new lineup of cameras and a camcorder that features its latest full-frame digital imaging technology.Aiming to release all three electronic devices within this year, the A99, equipped with translucent mirror technology, will roll out in the local market later this month.The launch of Sony’s handycam called the NEX-VG900 will follow on Nov. 5 and the compact camera RX1 will also be rolling out this year.“I’
IndustryOct. 11, 2012
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2013 World Energy Congress agenda unveiled
The World Energy Council, a London-based global network of stakeholders in the energy sector, will host the 2013 World Energy Congress, the world’s premier energy gathering in Daegu on Oct. 12-17 next year.The WEC is a triennial event that provides a global platform for all stakeholders in the energy sector, including governments, businesses and media, to debate key energy issues. “The 2013 WEC in Daegu will make the council’s network and study more visible,” World Energy Council chairman Pierr
Oct. 11, 2012
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POSCO completes auto steel processing plant in China
HONG KONG (Yonhap News) ― POSCO, South Korea’s leading steelmaker, said Thursday that it has dedicated a car steel processing plant in north eastern China as part of efforts to expand its presence in China’s steel market.The new plant in the Jilin province, initially capitalized at $165 million, will process 200,000 tons of cold and hot-rolled steel annually. The completion came about one year after POSCO and a Chinese steelmaker jointly began in August last year.In June 2011, the South Korean f
IndustryOct. 11, 2012
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Toyota’s massive global recall may hit Korean unit again
Recall will deal a blow to Japanese carmaker’s effort to recover image: analystsToyota Motor Korea is on alert after its Japan-based headquarters decided to recall more than 7 million vehicles in the U.S., Europe and elsewhere around the world over a faulty power-window switch.Though the carmaker’s Korean unit tried to placate local consumers stressing that the recall does not involve vehicles sold to Korean consumers, some analysts said it could hamper Toyota Motor’s effort to bounce back in th
IndustryOct. 11, 2012
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Korea’s overseas energy development flops
Debts at energy-related state-run companies surge to $50 billionThe success of Korea’s overseas energy development projects, is being called into question as the debt of the top three state-owned energy-related corporations was found to be snowballing to 51 trillion won ($50 billion) as of October. The data was revealed in a report by Rep. Cho Kyong-tae from the main opposition Democratic United Party for the National Assembly’s regular audit on the Ministry of Knowledge Economy early this week.
Oct. 11, 2012
