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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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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How $70 funeral wreaths became symbol of protest in S. Korea
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NewJeans to terminate contract with Ador
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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BOK makes surprise 2nd rate cut to boost growth
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Renault-Nissan renews commitment to Korea
Investment plan lacks specific measures to boost Renault Samsung’s sagging salesIn his surprise visit to Korea last week, Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance, expressed his commitment to reviving the ailing Korean unit Renault Samsung Motors. Ghosn, who is also chairman of Nissan Motor, unveiled a 170 billion won ($160 million) investment plan in the production of Nissan vehicles at Renault Samsung Motors’ Busan plant during a news conference held in Seoul on Friday. “W
MobilityJuly 22, 2012
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Gray hair may indicate good health
Graying hair is typically regarded as an indicator of senility, but new study suggested it may actually be a sign of health, according to a report on Livescience.com.Researchers from Museo Museo Nacional de Ciencias Naturales in Spain recently found that some wild boars with reddish furs tend to be more vulnerable to cell damage. Red fur points to abundant pheomelanin, a pigment that produces col
TechnologyJuly 22, 2012
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Sugary drinks can change muscles in month
Sugary drinks lead to alterations in muscles similar to those in people with obesity problems and type 2 diabetes, researchers in Britain said. Dr. Hans-Peter Kubis of Bangor University in England said the research showed regularly drinking soft drinks changed the way muscles use food as fuel, making them prefer to burn sugars over fats. "This study proved our concerns over sugary drinks have bee
TechnologyJuly 22, 2012
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Korea's high-speed wireless Internet penetration tops 100 percent
South Korea's high-speed wireless Internet penetration rate has topped the 100 percent mark for the first time among member nations of the Organization for Economic Cooperation and Development (OECD), a report showed Sunday.The penetration rate of high-speed wireless Internet service in South Korea amounted to 100.6 percent as of the end of last year, the highest among the 34 members of the Paris-
TechnologyJuly 22, 2012
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LG Electronics to release limited edition ‘king-size’ smart TV
LG Electronics plans to release a limited edition of its new ultra-definition, 3-D light-emitting diode smart television from July 20 to Aug. 20.Korea’s second largest consumer electronics company said that it will introduce the 84-inch LED TV model named 84LM9600, which is slightly bigger than the standard 2-meter-long king mattress.Targeting the premium TV market, LG’s ultra-definition LED TV offers four times as high resolution as full high-definition 1,920 by 1,080-size TVs, the company said
TechnologyJuly 20, 2012
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Samsung asks to restrict Apple references to Jobs at patent trial
Samsung Electronics asked a federal judge to restrict references by Apple Inc.’s lawyers to the company’s late founder Steve Jobs at a jury trial scheduled for July 30 over mobile-device patents. Harold McElhinny, a lawyer for Apple, told U.S. District Judge Lucy Koh in San Jose, California, Wednesday that he plans to show jurors two slides of Jobs during opening statements in the case. The slides include one when Jobs announced the release of the iPhone in 2007 ― an “announcement that went arou
TechnologyJuly 20, 2012
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Shares close flat on mixed market signs
Korean stocks closed nearly flat on Friday as concerns over weak U.S. data slightly outweighed firm gains in technology shares, analysts said. The local currency fell against the U.S. dollar. After a rangebound trading session, the benchmark Korea Composite Stock Price Index slipped 0.03 points to 1,822.93. Trading volume was moderate at 405.6 million shares worth 3.6 trillion won ($3.2 billion), with decliners outnumbering gainers 404 to 381.“Basically, there was no strong market-driving factor
July 20, 2012
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LG Display, SNU join hands for next-generation displays
LG Display, Korea’s second-biggest display panel maker, has formed a partnership with Seoul National University for the research and development of next-generation display technology.The company said that the two sides will establish the LGD-SNU Cooperation Center within the university’s Research Institute of Advanced Materials to push forward in making Korea the “Mecca” of the world’s leading R&D in display.The corporate-academic center will house top engineers, researchers and professors from
TechnologyJuly 20, 2012
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FSS governor calls for stronger risk management
Korean brokerage houses and other financial investment companies should beef up risk management as uncertainties surrounding the eurozone crisis and the global economic slump are expected to last for some time, the top financial regulator said Friday. “Financial firms need to step up efforts to manage risks as their internal control stands vulnerable to external shocks,” said Kwon Hyouk-se, head of the Financial Supervisory Service.In a meeting with the chief executives of local financial firms,
July 20, 2012
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Woori Financial says will tighten its belt
Woori Financial Group announced on Friday it will tighten its belt and work toward “slim management” to increase profitability despite the unstable economic situation. Under the plan, the group will control large-scale group-level investments, make liquidity-increasing a priority and hold back unnecessary costs. Investment plans of more than a certain amount of money will be closely analyzed in terms of expected profits, said the group through a press release. CEOs of all affiliates of the group
July 20, 2012
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Renault-Nissan to invest $160 million in local unit
The Renault-Nissan Alliance said Friday it will pour $160 million (170 billion won) into the ailing Korean unit Renault Samsung Motors for the production of Nissan models at the carmaker’s factory in Busan from 2014. The new investment plan came as Nissan Motor CEO Carlos Ghosn, who is also chairman and CEO of the strategic partnership between French and Japanese auto giants Renault and Nissan, arrived in Korea four years after his previous visit. Under the plan, the Renault Samsung factory in t
IndustryJuly 20, 2012
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Rate-rigging may hurt confidence in Korea
International lawsuits likely to follow if collusion is foundConcerns about a possible fall in international confidence in Korea’s financial markets are rising after the government launched a probe into alleged collusion by banks and brokerages to rig rates on certificates of deposit earlier this week. Market observers said if allegations of the collusion are found to be true, it may lead foreigners to exit from the nation’s derivatives markets based on CD rates.They also raised the possibility
July 20, 2012
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Seoul Auto Salon attracts crowd
The Seoul Auto Salon 2012 and the Seoul Auto Service 2012 ended in a great success on July 15.(Yonhap News)Seoul Auto Salon, the country’s leading auto show dedicated to aftermarket and tuning cars, wrapped up its run on July 15 amid heightened public attention. The automotive event celebrated its 10th anniversary this year, luring in some 150,000 visitors. New programs such as “Seoul auto film sh
MobilityJuly 20, 2012
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Gray hair may indicate good health
Graying hair is typically regarded as an indicator of senility, but new study suggested it may actually be a sign of health, according to a report on Livescience.com.Researchers from Museo Museo Nacional de Ciencias Naturales in Spain recently found that some wild boars with reddish furs tend to be more vulnerable to cell damage. Red fur points to abundant pheomelanin, a pigment that produces color in fur. Scientists found that more pheomelanin boars have, more likely they are to lack glutathio
TechnologyJuly 20, 2012
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Bones give clues to Neanderthal lifestyle
This photo is not directly related to this article.(123rf)Spear hunting may not have given Neanderthals their powerful right arms; it may have come from scraping animal skins for clothes and shelters, researchers say.Skeletons show Neanderthals, our closest known extinct relatives, had unusually strong right arms, as their right humerus -- the long arm bone associated with the biceps and triceps -
TechnologyJuly 20, 2012
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Moms may not see if kids are overweight
Many mothers can‘t tell whether their toddlers are big kids or too-big kids, U.S. researchers discovered.Dr. Erin Hager of the University of Maryland School of Medicine and colleagues had low-income moms of overweight toddlers choose silhouettes that the moms thought represented the size of their child.“Ninety-four percent of the mothers of overweight toddlers chose a silhouette that was two or mo
TechnologyJuly 20, 2012
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Seoul shares open higher on U.S. gains
South Korean stocks opened higher on Friday as overnight rallies on Wall Street cheered investors, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 1.03 points, or 0.06 percent, to 1,823.99 in the first 15 minutes of trading.U.S. stocks closed higher on Thursday as earnings from technology companies outweighed concerns over weak employment data.Tech issues led the gai
July 20, 2012
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Rate-rigging probe gains traction as brokerage confesses
Consumer groups plan class-action lawsuits, FSC mulls new rate to replace CD rateA brokerage firm admitted after the nation’s antitrust watchdog launched a probe that it colluded with other companies to rig interest rates of certificates of deposit, financial sources said on Thursday. Financial observers said the CD rate-rigging case could develop into a Korean version of the LIBOR or the London Interbank Offered Rate fixing scandal in Britain and have huge ramifications.Under the Fair Trade Com
July 19, 2012
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Samsung gains edge in Apple patent war
U.K. court orders Apple to post notices that Samsung’s tablets didn’t copy iPad designSamsung Electronics has gained an edge in its global patent battle with its rival Apple Inc. as a U.K. court ordered the Cupertino-based firm to publish public notices that Galaxy tablet PCs did not copy the iPad’s designs.On Wednesday, U.K. Judge Colin Birss ordered Apple to post a notice on the firm’s U.K. website and in British newspapers alerting people that Samsung did not copy the designs of the iPad for
IndustryJuly 19, 2012
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Internet wine sales sow division in government, wine industry
Last month, the Fair Trade Commission appeared to have won over the National Tax Service. Just weeks later, both sides are back to the drawing board after months of wrangling ― over Internet wine sales.The commission has been arguing for months in favor of allowing online wine sales, an initiative to counter consumer dissatisfaction over continued high wine prices even with the implementation of free trade agreements with Chile and the European Union. The commission says the Internet path will s
IndustryJuly 19, 2012
