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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Seoul's first snowfall could hit hard, warns weather agency
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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BOK makes surprise rate cut to lift growth
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Cameras get smarter, sleeker in smart society
Samsung, Sony, Canon go after premium compact, smart camera marketsWith the country’s craze for smart gadgets like smartphones and tablet PCs, cameras are also getting smarter, sleeker and more stylish to attract wider attention.Camera makers such as Sony, Samsung Electronics and Canon are now going after the premium compact and mirrorless camera market with products that exceed the functionalities of those attached to handsets and wireless devices.The camera industry can be split into three cat
TechnologyJune 27, 2012
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Samsung, LG's key display technologies leaked by Israeli firm
Key technologies to manufacture advanced flat-panel displays at Samsung Mobile Display and LG Display have been leaked by an local unit of an Israeli company, local prosecutors said Wednesday, raising concerns the leakage could pose a major threat to the national interest.The Seoul Central District Prosecutors' Office indicted under physical detention three employees at the local unit of an Israel
TechnologyJune 27, 2012
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Meteor metal among solar system's oldest
(123rf)U.S. scientists say they've discovered a new primitive mineral in a meteorite that they believe to be among the oldest minerals formed in the solar system.Researchers from the California Institute of Technology studying a meteorite that fell in Mexico more than 40 years ago report they discovered the new mineral, dubbed panguite, embedded in the space rock.The mineral, a titanium oxide, i
TechnologyJune 27, 2012
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Seoul shares inch down on lingering eurozone woes
South Korean stocks closed marginally lower Wednesday as lingering concerns over the eurozone debt crisis kept investors reluctant to make risky bets, analysts said. The local currency rose against the U.S. dollar.The Korea Composite Stock Price Index (KOSPI) edged down 0.15 points, or 0.01 percent, to finish at 1,817.66. Trading volume was moderate at 315.3 million shares worth 4.26 trillion won
June 27, 2012
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Sony introduces new color for PlayStation Vita
Sony Computer Entertainment Korea will unveil on Thursday a white version of the PlayStation Vita. The Wi-Fi-enabled game console will be coated in Crystal White, the first color variation for the gadget from the original piano black. PS Vita is designed to help users experience “a portable entertainment world” in their daily life with a 5-inch OLED touch-sensitive screen, dual analog stick and sophisticated motion sensors.To celebrate the launch, Sony will give away a white accessory pack which
TechnologyJune 27, 2012
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Apple wins preliminary injunction against Samsung tablet
Apple Inc. won a court order immediately blocking U.S. sales of Samsung Electronics Co.’s Galaxy Tab 10.1 tablet computer while the companies litigate Apple’s patent-infringement claims. U.S. District Judge Lucy Koh in San Jose, California, issued the order today after rejecting a similar request in December. Apple’s request, part of a broader patent dispute over smartphones and tablets, was based on an appeals court finding that it will probably win its patent-infringement claim relating to the
TechnologyJune 27, 2012
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Mexico doctors remove child’s 33-pound tumor
Mexican doctors say they have successfully removed a 33-pound (15-kilogram) benign tumor from the body of a 2-year-old child.Dr. Gustavo Hernandez says the tumor was heavier than the child who at the time of the June 14 surgery weighed 26 pounds (12 kilograms).Hernandez said Tuesday the child from the northern state of Durango was born with a lump that eventually covered the right side of his body from his armpit to his hip.Hernandez says it took doctors at the La Raza Medical Center in Mexico C
TechnologyJune 27, 2012
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Global PC sales may fall up to 10 percent in Q3: report
Global sales of personal computers (PCs) may drop as much as 10 percent in the third quarter from a year earlier due to weakening demand, according to a Forbes report known in Seoul on Wednesday.PC sales could fall around 5-10 percent in the July-September period from the previous year as PC giants such as Dell and Hewlett-Packard continue to suffer softening demand, according to a recent Forbes r
IndustryJune 27, 2012
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Seoul shares open lower on Spain woes
South Korean stocks got off to a weak start Wednesday, as low demand on Spanish bonds last night sapped hopes for a smooth bailout of the debt-mired region, analysts said.The Korea Composite Stock Price Index (KOSPI) slipped 14.31 points, or 0.79 percent to 1,803.50 in the first 15 minutes of trading.Shares fell across the board, with market behemoth Samsung Electronics dipping 0.53 percent.The lo
June 27, 2012
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New Natural Drug for Diabetes Reaches Second-stage Trial
Han Wha Pharma(Kim, Kyoungrak / President) revealed on June 19 that it has won the Korea Food and Drug Administration’s approval to conduct a second-stage clinical trial for its new herbal medicinal products against diabetic endothelial dysfunction. The drug, “YJP-14” is made from natural substances and has been proven safe for long term use based on animal tests. Its effects increase nitric oxide
TechnologyJune 27, 2012
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Iran warns of possible embargo on S. Korean imports
Iran may halt all South Korean imports in protest against Seoul's decision to ban Iranian oil following European Union sanctions against the Middle East nation, Iran's top envoy here warned Wednesday.Iranian Ambassador Ahmad Masumifar said in an interview with Yonhap News Agency that his country "may decide to fully stop importing Korean goods" if Seoul imposes the import ban on Iranian oil.He als
June 27, 2012
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EU sanctions on Iran raise fears over oil supply
The European Union decided to impose the embargo on Iranian crude oil starting this Sunday as planned, signaling setbacks in crude supply to Korea and a rise in petroleum product prices. The EU said in a statement on Monday after a meeting of the foreign ministers of the 27 member countries that all contracts for importing Iranian oil will have to be terminated from July 1. European companies will also be prohibited from insuring shipping companies that transport Iranian oil as part of the sanct
June 26, 2012
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Scientists successfully transplant engineered organs to monkeys
South Korean scientists have successfully transplanted organs from a genetically modified pig to monkeys, a state research center said Tuesday, significantly raising the prospect of successful animal-to-human organ transplants.A heart and a kidney from the engineered pig were given to two separate monkeys on May 31, according to the National Institute of Animal Science, a research arm of the Rural Development Administration. The pig used in the latest experiment was an offspring of Xeno, the cou
TechnologyJune 26, 2012
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Research finds gene linked to depression
A new international study led by a Korean researcher has succeeded in identifying a gene linked with depression, which may create a new target for drugs for the mood disorder.In a series of experiments on rats, researchers found that a gene called neuritin in the brain plays a key role in depression and other mood disorders. They also discovered that by boosting the gene’s activity one can protect the brain from the disorders.To test whether neuritin is directly linked to depressed behavior, Son
TechnologyJune 26, 2012
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Unionized construction workers to go on strike
Unionized construction workers will go on strike Wednesday to demand a better guarantee of labor rights, including due payment of wages, the nationwide union of construction workers said.About 29,000 union members as well as non-members are expected to take part in the indefinite strike, with a massive rally in Seoul planned for Thursday, the union said.The planned walkout comes after unionized truckers launched a separate strike Monday to demand higher trucking fees and a cut in fuel costs, amo
June 26, 2012
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Samsung’s Lee openly recruits luncheon partners
Samsung Electronics chairman Lee Kun-hee publicly announced plans to hold a luncheon with 10 Samsung employees, accepting applications until July 13.According to Samsung Group, Lee arranged the event for the first time to strengthen communication channels with its employees as this year marks his 25th year since being seated as chairman of the country’s top conglomerate.Any employee of Samsung’s affiliates could apply for the luncheon by sending in a one-page essay on what he or she expects to d
IndustryJune 26, 2012
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LGE’s Spain unit chief to head Hermes Korea
Hermes Korea has appointed the current head of LG Electronics’ Spanish division, Han Sung-hun, to fill the company’s vacant CEO post. The 51-year-old Han will assume his new duties as managing director of the French luxury brand’s Korean division on July 1. Han started his career at the multinational consumer company Proctor & Gamble, and has also worked at the Coca-Cola Co., and NHN Corp. He later made a career move to LG Electronics, entering the company as a brand communication team leader in
June 26, 2012
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Kimberly-Clark, Yuhan at odds over management control
Yuhan Corp. and Kimberly-Clark, its 42-year-long business partner, are at odds over how to compose the board of directors in their jointly-invested firm, Yuhan-Kimberly.Yuhan Corp., a Korean pharmaceutical company, has applied to Seoul Central District Court for a court injunction against the Hungarian arm of Kimberly Clark, the world’s largest paper company, regarding the appointment ratio of Yuhan and Kimberly directors, according to news reports. Yuhan-Kimberly is a joint venture the two comp
IndustryJune 26, 2012
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KT launches ‘Smart’ automotive solution
KT has launched a new information and technology service targeting the industrial automotive industry.Korea’s second-largest mobile carrier said the new service, named “Smart Eco Drive,” is integrated with vehicle telematics applications and offers drivers real-time monitoring and analysis on the condition of their automobiles. Telematics is the combining of telecommunications and information technology, but commonly refers to automation in vehicles. Data including speed, driving time and locati
TechnologyJune 26, 2012
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FTA to boost Korea’s auto exports to Colombia
The bilateral free trade agreement with Colombia is expected to boost Korea’s exports of autos, auto parts and petrochemicals to the South American country.The trade pact with the third-largest market in Latin America, which has inked FTAs with nine countries and is in talks for four more, will also help Korean companies expand business to other nations in the region, the Seoul government said. Korea and Colombia announced Monday during President Lee Myung-bak’s visit to Bogota that they have co
June 26, 2012
