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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How $70 funeral wreaths became symbol of protest in S. Korea
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NewJeans terminates contract with Ador, embarks on new journey
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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Stomachache and diarrhea in children during summer
In the summer, the warm weather allows the rapid growth of bacteria contamination in food, causing food poisoning and bacterial diarrhea. Children who consume foods contaminated with bacteria develop nausea, severe abdominal pain and diarrhea after 3-24 hours. They can also experience headaches or fever. Food poisoning often occurs in group catering, such as restaurants, parties, summer camps and kindergarten meals. Foods such as meats, fish, seafood, ham, salad, cream, eggs and milk often are a
TechnologyAug. 23, 2012
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Mental benefits of music lessons last a long time
LOS ANGELES ― Lapsed musical instrumentalists (and their disappointed parents): Take heart! The child that gets even a few years of formal musical training before quitting those weekly lessons continues to show evidence that his or her brain has been changed in ways that improve mental function, says a new study.The latest research found that even years after they stopped practicing, young adults who had taken as little as two or three years of instrumental music training in their elementary or
TechnologyAug. 23, 2012
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Concern raised over kids’ use of smartphones
Use of digital devices at early age can do kids more harm than good, experts warnAs smartphones and tablet computers become more popular, more parents are using them to babysit their children, with plenty of apps available to entertain infants, toddlers and pre-school kids. “A smartphone and for-kids apps are a must for our family at restaurants, in the car or often at home,” said Kim Sun-min.Her 28-month-old daughter is a frantic fan of Pororo, the main character of TV animation series “Pororo
TechnologyAug. 23, 2012
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Conglomerates, financial sector tighten belts on economic slump
A slew of companies are tightening their belts by cutting jobs and wages and making employees go on mandatory leaves of absence as the stagnant economy drags out, with mounting household debts discouraging consumption.Korea’s second-quarter household credit, or credit purchases and loans for households extended by financial institutions, hit a record high of 922 trillion won ($814.5 billion) as of the end of June, up 10.9 trillion won from three months earlier, the Bank of Korea said Thursday.Wi
IndustryAug. 23, 2012
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DHL opens new global logistics hub in Busan
DHL Global Forwarding, the air and ocean freight operator of Deutsche Post DHL, said Thursday that it has opened a global logistics hub in Korea’s southern port city of Busan ― the eighth of its kind globally and first in Northeast Asia. The Bonn, Germany-based company said it has injected 500,000 euros ($627,000) in completing the Busan Multinational Gateway that will reduce transit times by up to seven days through new 13 direct services. “Busan’s location between Japan and China makes it an i
IndustryAug. 23, 2012
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Shares inch up 0.38% on bargain hunting
South Korean stocks edged up 0.38 percent Thursday as investors scooped up local shares for bargain hunting following a recent fall, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 7.35 points to close at 1,942.54, snapping a four-session bearish run. Trading volume was heavy at 594.7 million shares worth 4.15 trillion won ($3.67 billion), with gainers outpacing losers 460 to 335.“Foreign investors picked up large-cap shares t
Aug. 23, 2012
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In U.S., Hyundai chief stresses product quality
Hyundai Motor Group chairman Chung Mong-koo stressed a prompt response to the recent sales recovery of Japanese rivals in his visit to the Korean auto behemoth’s U.S. operations on Wednesday. Chung urged, among other things, to secure product quality as Hyundai has already increased production capacity by recently switching from a two-shift to a three-shift system, where three sets of workers change turns each day, in U.S. factories. “The smooth operation of U.S. plants is essential in order to
IndustryAug. 23, 2012
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Iran’s Bank Mellat loses lawsuit in Korea over financial sanctions
An Iranian bank has lost a legal battle with Korea’s Finance Ministry to cancel a 2010 decision that suspended the bank’s local branch, a measure following international sanctions over Tehran’s suspected nuclear weapons program, court officials said Thursday. The Seoul Administrative Court in a Thursday ruling rejected a request from Bank Mellat to nullify the decision, officials said. Korea put 102 Iranian entities, including the Bank Mellat branch, and 24 individuals under government supervisi
Aug. 23, 2012
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SKT develops image-recognition solution for ads
SK Telecom, Korea’s biggest telecom operator, has developed an image recognition solution for outdoor advertising.The solution, which will be adopted at the International Finance Center in Yeouido, can analyze a group of people visiting the IFC Mall for demographic information such as age and gender, after photographing them with full high-definition cameras placed above or below large digital advertising screens.Such real-time customer statistics gathered through SK Telecom’s image solution wil
TechnologyAug. 23, 2012
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Business lobby group opposes move to raise corporate taxes
KCCI tenders wish list to ruling and opposition parties ahead of presidential electionFour months ahead of the Dec. 19 presidential election, a major business lobby group submitted their wish list to political parties urging them not to raise corporate taxes.In the recommendation letter handed over to ruling and opposition parties on Thursday, the Korea Chamber of Commerce & Industry said it hopes, above all, the next administration will not raise corporate taxes.The KCCI claimed that the recent
IndustryAug. 23, 2012
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KEPCO tightens belt to close deficit
Korea Electric Power Corp. has adopted a series of cost-cutting measures to offset its deficit caused by the nation’s below-cost electricity rates.Officials at the state-run company said they have saved about 1.4 trillion won ($1.2 billion) on average annually from in-house measures over the past four years. The cost-saving measures included a voluntary return of salaries of executives in 2008 and a wage freeze of employees and executives in 2009 and 2010. KEPCO has also downsized its organizat
Aug. 23, 2012
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Dissonance hinders aid to small businesses
Mismatch remains in views of what small exporters needAhn Yong-joon opened his auto frame manufacturing company TLtek in 2000, using former business connections to form contracts with car companies in Japan. Looking beyond doing business locally, he set his sights abroad from the start. “There is no other choice than to export,” Ahn said, considering the limited size of the local market.A decade later, nearly 60 percent of his $26.4 million in sales in 2011 came from exporting to Japan, Europe a
Aug. 23, 2012
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10 employees chosen for lunch with Samsung boss
Samsung Electronics chairman Lee Kun-hee will hold a luncheon with 10 company employees on Sept. 4 in a bid to strengthen communication channels with its staff.According to Samsung Group, a total of five male and five female employees at Samsung affiliates were chosen to join the luncheon conducted for the first time.“We reviewed the person’s gender, company and rank in a comprehensive manner to develop the final list,” said a Samsung official. “Rather than focusing on the unique applications, w
IndustryAug. 23, 2012
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KPMA picks Dong-A’s Kim as new board chairman
Korea Pharmaceutical Manufacturers Association picked Kim Won-bae, CEO of Dong-A Pharm, as its 10th chairman of the board during a meeting on Wednesday.Kim graduated from Seoul National University and has worked at Dong-A Pharm since 1974. He served as head of the research team of the company and became its CEO. KPMA also elected 12 new vice chairs who are either CEOs or senior executive vice presidents of pharmacy companies, such as Kim Jung-woo, president of Chong Kun Dang Pharm.Kim replaced Y
Aug. 23, 2012
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Google online maps embark on Arctic adventure
Google set out Wednesday to take users of its free online mapping service on an Arctic adventure with help from an Inuit community in the Canadian tundra.Prime Minister Stephen Harper joined the effort as the Internet titan's Street View team arrived in the hamlet of Cambridge Bay in the Northwest Passage for one of its most remote projects to date."The goal of this project is to share with a glob
TechnologyAug. 23, 2012
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Green tea fights cancer, but drinking it won’t work
A chemical found in green tea can fight two types of skin cancer cells, experts say.Drinking the tea has no effect on cancer cells because the extract is too weak. However, when green tea extract is directly applied to cancer cells, the cells shrink or even disappear, according to news sources.Scientists at the University of Strathclyde and the University of Glasgow found in their research that green tea extract has epigallocathechin gallate (EGCg), a chemical that fights cancer cells without an
TechnologyAug. 23, 2012
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Officials: West Nile outbreak one of largest in U.S.
The current West Nile outbreak is one of the largest in the U.S., with four times the usual number of cases for this time of year, federal health officials said Wednesday.It's still too early to say how bad the year will end up because most infections are reported in August and September. But never before have so many illnesses been reported this early, said Dr. Lyle Petersen, of the Centers for D
TechnologyAug. 23, 2012
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Much-anticipated major update of Diablo 3 is under way
The newest update of Diablo 3 is under way as of Thursday 11 a.m., drawing much anticipation from Korean PC gamers.Blizzard Entertainment, the developer and distributor of Diablo 3, announced the 1.0.4 update plan last week, which will upgrade the game system and its content in a way that reshapes many of the game play rules. According to Jay Wilson, the game’s director, the new game system called “Paragon System” will allow players to enjoy playing after level 60 to reach additional 100. “New L
TechnologyAug. 23, 2012
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Employment rate of college graduates up slightly
The average employment rate for new college graduates has risen slightly in the past year with those from two-year vocational colleges or with medical majors showing a higher success rate, the education ministry said Thursday.According to a survey by the ministry of 498,833 people who finished college or graduate schools in August last year and in February this year, 59.5 percent had landed a job at home or abroad.This year‘s figure was higher than last year’s 58.6 percent, though the ministry c
IndustryAug. 23, 2012
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New AIDS-like disease in Asians, not contagious
Researchers have identified a mysterious new disease that has left scores of people in Asia and some in the United States with AIDS-like symptoms even though they are not infected with HIV. The patients' immune systems become damaged, leaving them unable to fend off germs as healthy people do. What triggers this isn't known, but the disease does not seem to be contagious.This is another kind of ac
TechnologyAug. 23, 2012
