Most Popular
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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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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Seoul snowfall now third heaviest on record
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Samsung shakes up management, commits to reviving chip business
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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NewJeans terminates contract with Ador, embarks on new journey
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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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Samsung wins over Apple in Japan patent ruling
A Japanese court on Friday found Apple Inc.‘s patent infringement claim on Samsung Electronics Co. invalid, giving an upper hand to the South Korean company that suffered a crushing defeat in a U.S. jury verdict delivered last week.In a preliminary session, the Tokyo District Court ruled Samsung didn’t infringe on Apple‘s technology on transferring media contents from computers to smartphones and tablets.The patent is one of the two intellectual properties the iPhone maker addressed in its Augus
TechnologyAug. 31, 2012
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Korea's industrial output shrinks for 2nd month in July
South Korea's industrial output shrank for the second straight month in July, raising concerns the country's economy might be faltering in the face of headwinds from the eurozone debt crisis and a global slowdown, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries fell 1.6 percent in July from a mon
Aug. 31, 2012
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LTE subscribers top 10 mln mark
The number of South Koreans who use smartphones that run on the fourth-generation long-term evolution (LTE) network has exceeded the 10 million mark in over a year after its debut, industry sources said Friday.According to the sources, the country‘s three mobile carriers reported a total of 10.12 million LTE subscribers as of Wednesday, meaning that one out of five South Koreans use LTE smartphones in the country with a population of 50 million.Market leader SK Telecom had 4.84 million users, wh
IndustryAug. 31, 2012
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Napa Valley vineyard creates ‘Dokdo Wine’
Shinsegae Department Store will launch a special wine product, dubbed “Dokdo Wine,” this Friday.Korean-American dentist Ahn Jae-hyun, who is also founder of the “Dokdo Winery,” has been producing the wine in Napa Valley, United States. The wine is labeled “799-805,” named after Korea’s easternmost Dokdo islets’ postal code.As his individual effort to spread the historial fact that Dokdo belongs to Korea and not Japan, Ahn is donating some of the profits from sales of wine to organizations campai
IndustryAug. 30, 2012
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Sales of diesel, hybrid cars soar
As if reacting to the continued economic slump, more Korean drivers are turning to more fuel-efficient cars with diesel, hybrid or LPG engines.A report from the Korea Automobile Manufacturers Association shows that consumers’ preference for such vehicles rather than gasoline-powered sedans and sports utility cars is increasing.Car industry observers said the increasing cost of fuel seems to be leading drivers to prioritize fuel efficiency. Gasoline prices in Korea have been hovering around 2,000
Aug. 30, 2012
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Surgery for fighting obesity
For severely obese people, gastric bypass surgery can be the surest, and the most cost-effective, way to weight loss, a new study found. Surgeries are expensive, but their long-term economic benefits, in terms of improvements in health and life quality, are greater than traditional weight-loss options such as diet, exercise and medication, the National Evidence-based Healthcare Collaborating Agency said in its recently released research. “They are costly, but far more effective in treating obesi
TechnologyAug. 30, 2012
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Confectioner Orion eyes W1tr sales in China
HONG KONG (Yonhap News) ― Orion Corp., South Korea’s second-largest confectionery company, expects to see its China sales rise 43 percent to reach 1 trillion won ($880 million) in 2012, driven by rising income levels in the world’s most populous country, company officials said Thursday.The company’s operating profit will likely rise to about 100 billion won this year, compared with an operating income of 69 billion won last year, it said.Orion’s strong performance in China stems largely from the
IndustryAug. 30, 2012
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20s cut out clothes, 40s entertainment
Research shows how different generations cope with bad economyFashion-conscious young people in their 20s spent less on clothing to survive the prolonged economic slump, suggested recent research. Hana―SK Card said on Thursday that the credit card use of consumers in their 20s steadily decreased since the fourth quarter last year. The card company analyzed the consuming trend of its customers during the past year. This year marks the first time that clothing purchases have dropped from the top 1
Aug. 30, 2012
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Fruit prices expected to soar after typhoon
Fruit prices are likely to soar as many apples and pears dropped from their trees due to Typhoon Bolaven which hit the nation this week. Another typhoon also on the way, Tembin, may make matters even worse. Insurance payouts to be given to the affected farms are expected to reach 80 billion won ($70.5 million), NongHyup Property and Casualty Insurance said on Thursday. Nonghyup analyzed the financial loss of 9,424 hectares of orchards throughout the nation that were harmed due to the typhoon. Th
IndustryAug. 30, 2012
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Hyundai Motor agrees on wage hikes, work system
The management and labor union of South Korea’s leading automaker Hyundai Motor Co. on Thursday reached a temporary agreement on wake hikes and shorter working hours after months of negotiations.The agreement calls for introducing a two-shift daytime work system. It also includes a wage hike of 98,000 won ($87), or 5.4 percent, with additional bonuses.The new working system will start from March next year, according to the agreement. The company changed the system for the first time in 45 years.
Aug. 30, 2012
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Hyundai Heavy to set up center for former sex slaves
Hyundai Heavy Industries said Thursday it has donated 1 billion won ($880,000) to set up a “healing center” for former sex slaves who were forcibly taken by the Japanese army into sex slavery during World War II. The center, tentatively named the “House for Healing and Peace,” will offer diverse welfare programs for the remaining 60 victims of Japan’s wartime sex crimes here as well as history education for visitors, the company said. Starting with the first case of Kim Hak-soon in 1991, a total
IndustryAug. 30, 2012
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Daewoo E&C supports African ambitions
Following is the fifth in a series of articles about major companies’ social contribution activities at home and abroad. ― Ed.For Daewoo Engineering and Construction Co., its corporate social responsibility activities in Africa are all about sharing with humanity beyond race and nationality.Having proceeded with construction deals in local communities of multiple continents for decades, the construction company has employed a variety of community service projects and aid programs to enhance the
Aug. 30, 2012
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BMW to build mammoth driving center in Korea
Korea becomes first Asian country to have such a BMW facilityBMW Group Korea announced Thursday that it will build a large-scale driving center on Yeongjong Island, where Incheon International Airport is located, by 2014.This will mark the fourth driving center of Munich-based BMW Group, following two in Germany and one in the United States.The import automobile brand plans to pour 70 billion won ($61.9 million) into construction of the BWM Group Driving Center on a site of 250,000 square meters
MobilityAug. 30, 2012
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Legislation underway to prohibit sale of energy drinks in school zones
Fast-growing energy drink industry meets growing pressure over health risks The local market for energy drinks which contain large amounts of caffeine has grown remarkably over the past two years, but is expected to face regulations due to health risks.Rep. Choi Dong-ic of the main opposition Democratic United Party is gathering fellow lawmakers’ support to submit a revised bill next month to ban the sale of energy drinks near schools to limit children’s access to the caffeinated beverages which
IndustryAug. 30, 2012
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Samsung wows crowd with new Galaxy Note 2, Galaxy Camera
Firm becomes world’s first to roll out Windows 8 handsetSamsung Electronics on Thursday featured the new 5.5-inch Galaxy Note 2 as well as a new device called Galaxy Camera at its mobile unpack event ahead of the IFA electronics trade show in Berlin. The world’s top smartphone maker also wowed the crowd of about 1,500 people by introducing its new “ATIV” lineup of smart PC, tablets and smartphones
IndustryAug. 30, 2012
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New diet craze: No food restrictions, so eat everything you want...every other day
“Alternate-day dieting” is when you gorge yourself with whatever you want to eat one day and eat only 500 calories the next day, according to news sources. This diet came into popularity the airing of a BBC documentary with health journalist Dr. Michael Mosley. In the feature, Mosley ate normally five days a week and only ate 600 calories the other two days. After a month, he lost 14 pounds and reduced his body fat by about 25 percent. The diet is now known as the 5/2 diet. Additionally, scienti
TechnologyAug. 30, 2012
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'Talking' brain found better at math
Mathematical calculation requires the two sides of the brain to "talk" to each other, U.S. scientists say, and the stronger the talk, the better the outcome.The research sheds light on the neural basis of human math abilities and suggests possible help for those who suffer from dyscalculia -- an inability to understand and manipulate numbers, the University of Texas at Dallas reported Wednesday.Pr
TechnologyAug. 30, 2012
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Math says Earth safe from asteroid
Russian scientists say recalculation of the path of a large asteroid named Apophis indicates a significantly low likelihood of a hazardous encounter with Earth.Researchers at the Institute of Astronomy of the Russian Academy of Sciences have re-run the numbers on the asteroid, thought to be the size of two football fields, institute research fellow Viktor Shor said Wednesday.The orbit of Apophis, discovered in 2004, is slightly offset to that of Earth‘s, and astronomers have determined the aster
TechnologyAug. 30, 2012
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Samsung unveils Galaxy Note 2
Samsung Electronics Co., the world‘s top smartphone maker, on Thursday unveiled its latest Android platform-based Galaxy Note 2 at an European trade fair, grabbing the spotlight ahead of rival Apple Inc.’s new iPhone release.Samsung debuted the Galaxy Note 2 at the IFA trade show inBerlin on Wednesday (local time), with plans to release its latest “phablet” model in October. The phablet, a cross between a smartphone and a tablet computer, features larger displays than smartphones but are more po
TechnologyAug. 30, 2012
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Planet search moves to Antarctica
Chinese astronomers say they are using survey instruments in Antarctica to search actively for Earth-like planets that may sustain life.They installed the first of three Antarctic Survey Telescopes at Dome Argus, located at the highest elevation on the Antarctic continent, at the beginning of the year, China‘s official Xinhua news agency reported.They use satellite phones to give orders to and receive data from their unmanned survey instruments in the harsh environment but can only receive limit
TechnologyAug. 30, 2012
