Most Popular
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Seoul city opens emergency care centers
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Opposition chief acquitted of instigating perjury
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
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Prosecutors seek 5-year prison term for Samsung chief in merger retrial
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UN talks on plastic pollution treaty begin with grim outlook
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U.S. obesity epidemic shows no hint of shrinking
CHICAGO (AP) ― America’s obesity epidemic is proving to be as stubborn as those maddening love handles, and shows no sign of reversing course. More than one-third of adults and almost 17 percent of children were obese in 2009-2010, echoing results since 2003, the Centers for Disease Control and Prevention reported Tuesday.“It’s good that we didn’t see increases. On the other hand, we didn’t see any decreases in any group,” said CDC researcher Cynthia Ogden.Early in the decade, slight increases w
TechnologyJan. 19, 2012
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Marathoners show low heart incident risk
NEW YORK (AP) ― It’s dramatic news when a marathon runner collapses with no pulse. Now a big study finds such calamities are rare and usually due to a pre-existing heart problem.The study also found such incidents are increasing as more runners try to go the distance.“You hear about this more and more,” said Dr. Aaron Baggish, senior author of the study.Baggish, who runs a program for athletes with heart issues at Massachusetts General Hospital, and co-authors present their analysis in Thursday’
TechnologyJan. 19, 2012
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Panic disorder
Case vignette: “When returning home, I suddenly had a cold sweat, felt dizzy, felt my heart tighten and felt like I could die. Also, I felt like I had difficulty breathing. Also, I not only had numbness in my hands and feet but also felt my heart beating. This was intolerable. I was very nervous that such things would happen again.” An office worker, Mr. K, experienced a sudden onset of the above symptoms. Now he is worried that he will again have a sudden onset of panic symptoms that are both f
TechnologyJan. 19, 2012
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Three steps to deal with strokes
Strokes remain one of the biggest causes of death in Korea, and signs of onset are vagueAs Korea continues to become an aging society, more attention should be placed on the possibility of and risk factors leading to strokes, since they are more common among the elderly.According to the Ministry of Health and Welfare, cerebral diseases were the No. 2 cause of death among Koreans in 2008, with 73.6 deaths per 100,000 people. Among cerebral diseases, strokes are the single largest cause of death,
TechnologyJan. 19, 2012
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Korean company objects to India’s basic trainer bidding process
New Delhi (Yonhap News) ― Korea’s aerospace company raised objections to what it called an unfair bidding process used for India’s military basic trainer acquisition program, a source here said Wednesday.Korea Aerospace Industries Ltd. source said that a plan by the Indian Air Force to take over 75 propeller-driven trainers was unfair because the leading contender failed to submit a critical maintenance transfer of technology cost assessment.The insider, who declined to be identified, said that
IndustryJan. 19, 2012
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Seoul to extend anti-dumping duties on ethyl acetate imports
Korea‘s trade commission said Thursday it has decided to extend its anti-dumping tariffs on ethyl acetate solvents imported from China, Singapore and Japan by an additional three years due to damage to local manufacturers.The decision will soon be delivered to the Ministry of Strategy and Finance for approval, the Korea Trade Commission said.Seoul has been imposing anti-dumping duties of 5.81-14.17 percent on products from the three Asian countries since August 2008. “The local industry is recov
Jan. 19, 2012
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KRX to accelerate overseas expansion
CEO discusses 2012 strategy, cross trading with Japanese exchange,corporate reforms and CSRKorea Exchange will accelerate its expansion into overseas markets this year, providing stock market solutions to strategic partners in Asia and elsewhere, its chief said. “Korea Exchange has formed solid partnerships with Southeast Asian countries by offering its market solutions, and is already making progress in central Asia, as well,” Kim Bong-soo, chairman and CEO of the KRX, told The Korea Herald. “
Jan. 19, 2012
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E-Land buys two major Saipan resorts
E-Land Group acquired two major resorts in Saipan, expanding its international corporate hunt from fashion brands to resorts. The Korean apparel and retail company signed a deal to acquire Pacific Islands Club Saipan and Palms Resort Saipan, but declined to disclose the purchasing prices, citing a confidentiality agreement.“We cannot talk about the details such as price under a provision on confidentiality,” an E-Land official said.Run by PIC, a subsidiary of InterPacific Group, PIC Saipan is po
IndustryJan. 19, 2012
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Finance minister urges active corporate investment, hiring
Korea’s finance minister urged the business community Thursday to ramp up its investment and hiring this year in order to help the nation’s economy tide over toughening economic conditions at home and abroad.In a meeting with heads of major business lobby groups in central Seoul, Bahk Jae-wan promised that the government will continue its efforts to improve the overall business environment by streamlining red tape deemed to be unnecessarily hampering activities in the corporate sector. “When the
Jan. 19, 2012
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State-run utility firm to build power plant in Indonesia
A consortium led by Korea East-West Power Co. plans to set up a coal-fired power station in Indonesia, the state-run company said Thursday.The consortium, including Perusahaan Listrik Negara and Adaro Energy, beat two other groups to be picked as the preferred bidder for the $400 million project, the EWP said. PLN is Indonesia’s largest power supplier and Adaro is the country’s No. 2 coal producer.Once signed, the deal will see the consortium build a 200-megawatt thermal plant in South Kalimanta
IndustryJan. 19, 2012
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Annuity savings booming on tax benefit, retirement plans
Financial firms conduct aggressive marketing campaign for customersThe total amount of Korea’s annuity savings has surged on the greater need for post-retirement plans and increased tax benefits, data showed Thursday.According to the Financial Supervisory Service and Woori Investment & Securities, the combined total of personal annuity savings held by local lenders, banks and fund management firms was estimated at 75 trillion won ($66 billion) as of end-December last year, up 25 percent from a y
Jan. 19, 2012
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LGE gets head start in 3-D TV market
LG Electronics announced its 2012 global television lineup as it plans to roll out the new models beginning next month ― a month ahead of previous years.The latest lineup is represented by the firm’s 3-D smart TV model called the Cinema Screen, which is said to “minimize the frame and maximize 3-D,” according to Kwon Hee-won, president of the home entertainment business at LG.The 3-D lineup for this year is modeled by nine-member K-pop girl group Girls’ Generation.“We decided to launch the produ
IndustryJan. 19, 2012
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Hyundai Motor names vice chairman for labor
Hyundai Motor’s manufacturing factory manager Kim Eok-jo has been promoted to the post of vice chairman in charge of the company’s labor sector.Since January 2011, Kim has worked for Hyundai Motor as a president and the chief of the carmaker’s Ulsan plant.Before that, he played a significant role in boosting the automaker’s overseas sales as head of Hyundai Motor’s Czech Republic corporation.Hyundai has been striving to enhance its internal strength amid global uncertainties, in part through act
MobilityJan. 19, 2012
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SK E&C to expand power plant in Goseong
SK Engineering & Construction Co. said Thursday it plans to set up two additional coal-fired units at its power plant complex here to help secure electricity supplies. The Korean builder has secured a deal with Korea South-Eastern Power, a state-run utility, to add two units to its existing plant in Goseong, South Gyeongsang Province, by 2019. The 3 trillion won ($2.64 billion) project will boost the complex’s total production capacity by 2,000 megawatts from the current 3,240 megawatts, SK said
IndustryJan. 19, 2012
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Major retailers blamed for high beef prices
Lotte hanwoo prices highest among department storesExcessive profits by department stores and supermarket chains were cited as the main reason why hanwoo meat remains expensive despite a plunge in homebred cattle prices, a survey found Thursday. According to the Consumer Union of Korea, department stores and large discount chains increased the prices of the top grade 1++ hanwoo by up to 12 percent last year, while the wholesale price dropped 23 percent during the same period. The beef prices at
IndustryJan. 19, 2012
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Brand advised not to denigrate Chinese products
A state broadcasting monitoring body said Thursday that it has recently advised a local outdoor brand not to use expressions causing prejudice toward Chinese-made products in its TV commercial. The Korea Communications Standards Commission reviewed a TV commercial of hiking equipment producer Hahu Canada, in which phrases like “cheaper Chinese products” and “a different level from China-made products” several times. “The commercial is likely to cause baseless distrust and discrimination about pr
IndustryJan. 19, 2012
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Shares up 1.19 percent on market optimism
Korean stocks closed 1.19 percent higher on Thursday as investor sentiment got a boost from growing optimism over the eurozone debt crisis and surprisingly high U.S. economic data, analysts said. The local currency climbed against the U.S. dollar.The benchmark KOSPI closed up 22.58 points at 1,914.97. Trading volume was moderate at 368.4 million shares worth 6.36 trillion won ($5.59 billion), with gainers outnumbering decliners 467 to 337.“Overall, investor sentiment was positive following stron
Jan. 19, 2012
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Smaller firms demand more foreign workers: survey
One out of two workplaces that employ foreign workers said the government must increase its quota for the foreign workforce, according to a recent survey conducted by the Korean chamber on Thursday.The Korean Chamber of Commerce and Industry said that 53.8 percent of the firms requested an increase in the foreign worker quota and 49.5 percent said they need a greater number of foreign workers. The survey was responded to by 303 companies that employ foreign workers.When asked why they are hiring
Jan. 19, 2012
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Polarization to stay by 2020: report
Korean society will retain a high degree of social polarization and income immobility until 2020, sociology experts predicted in a report, citing the country’s strong tendency to value academic cliques and corruption among its leaders.The research of 19 sociology academics hired by the Finance Ministry said the level of equal opportunity to education in 2020 will reach only 5.12 points on the 10-point scale, growing only slightly fairer from the current 4.67. “Big gaps in income levels allow onl
IndustryJan. 19, 2012
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Women too often tested for osteoporosis, researchers report
Many women who get screened for osteoporosis may not need it, according to a study that suggests current guidelines result in too many unnecessary tests, increasing costs and sometimes spurring unnecessary treatment. Osteoporosis, a loss in bone density that can cause breaks and injuries, develops i
TechnologyJan. 19, 2012