Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Opposition chief acquitted of instigating perjury
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Job creation lowest on record among under-30s
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EU summit likely to affect S. Korea's stock market direction next week
South Korean stocks stand to be affected by the outcome of next week's summit talks among European leaders as the fiscal debt crises in Greece and other eurozone countries still weigh on the overall market sentiment here, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI)
Oct. 22, 2011
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Korea soon to finalize currency swap expansion deal with China
The government will soon finalize the won-yuan swap expansion deal with Chinese authorities to boost the $26 billion currency swap currently in place, multiple sources at the Finance Ministry confirmed on Thursday. A senior ministry official said the expansion of the won-yuan swap was proposed by th
Oct. 21, 2011
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Samsung ahead of Apple in Q3 smartphone sales
Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, while Apple’s f
IndustryOct. 21, 2011
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Builders expect boom in orders after Gadhafi’s death
South Korean construction companies said Thursday that they expect a boom in construction business with the death of Moammar Gadhafi, which could end the civil war in the North African country.The death of the former Libyan leader, announced by Libya’s National Transitional Council, could mean the s
Oct. 21, 2011
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Latin America base for Korea to access U.S.
Korean construction and telecommunications companies have been growing business opportunities in Latin America to use the region as a strategic base to access the U.S. market, said the head of Inter-American Development Bank.“Logistics, and cost of transportation will come to play an important role
Oct. 21, 2011
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POSCO Q3 sales, profits increase
POSCO’s consolidated net profits for the third quarter of the year fell 78.4 percent from a year to 233 billion won ($203 million), the steelmaker said Friday.Over the same period, POSCO’s consolidated sales and operating profits respectively increased by 51.5 percent and 5.2 percent.The company att
IndustryOct. 21, 2011
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SC First sets out on early retirement
Lay-off may be extended to non-executive posts as bank struggles with extended strikeStandard Chartered First Bank Korea began speeding up its manpower restructuring, as unionized workers’ long-running walkout failed to garner wide support from the public.This week, the bank launched one-on-one talk
Oct. 21, 2011
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Shinhan Bank opens first branch in western China
HONG KONG (Yonhap News) – South Korea's second-largest lender Shinhan Bank said Friday it has opened its first branch in the western region of China, amid rapid economic growth recently witnessed in China's less developed region.Shinhan Bank said its twelfth Chinese branch opened in Changsha,
Oct. 21, 2011
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Hyundai Motor buys local life insurer
Hyundai Motor Group, South Korea's second-largest family-owned conglomerate, bought a local life insurer as it moves to expand in financial sector portfolio, business sources said Friday.Financial sources said that Hyundai secured Green Cross Life Insurance for 228.3 billion won ($198.3 million) fro
IndustryOct. 21, 2011
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No link to cancer in large-scale mobile phone study
PARIS (AFP) - The largest study of its kind found no link between long-term use of mobile phones and increased risk of brain tumours, the British Medical Journal (BMJ) reported on Friday.Danish researchers found no evidence of enhanced risk among more than 350,000 mobile-phone subscribers whose heal
TechnologyOct. 21, 2011
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Male-minded safety puts female drivers at risk: study
WASHINGTON (AFP) - Women are more likely to sustain injuries in an auto accident because safety features are designed more with men in mind, a study said Thursday.Combing through a decade of data about US motor vehicle accidents, three researchers found the odds of serious injury for female drivers
TechnologyOct. 21, 2011
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Samsung trumps Apple in Q3 smartphone sales
(Yonhap News)Samsung Electronics Co. outpaced Apple Inc. in the global smartphone market by more than 10 million handsets during the third quarter of the year, industry data showed Friday.According to the data, Samsung Electronics sold about 27 million smartphones during the July-to-Sept. period, wh
TechnologyOct. 21, 2011
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Satellite pieces may hit Earth on weekend
BERLIN (AP) -- Pieces of a retired German satellite hurtling toward the atmosphere may crash to earth this weekend, the German Aerospace Center said Thursday. Undated artist rendering provided by EADS Astrium shows the scientific satellite Rosat. The German Aerospace Center said the retired satellit
TechnologyOct. 21, 2011
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FTC to step up antitrust probe on large retailers
The Fair Trade Commission plans to intensify its crackdown on major department stores for alleged irregularities in transactions with smaller vendors, its top regulator said Thursday, exerting further pressure for retailers to cut commission fees.“We intend to look into details of dealings between d
IndustryOct. 20, 2011
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KOGAS finds large-scale gas deposit in Mozambique
The state-run Korea Gas Corp. said Thursday it has discovered a natural gas deposit off the coast of Mozambique with a supply sufficient for the country’s needs for a year.The deposit was found at one of four wells in an offshore block in northern Mozambique waters and estimated to hold 15 trillion
IndustryOct. 20, 2011
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Quest for cancer vaccine begins at Mayo Clinic
MINNEAPOLIS ― A few weeks ago, the Mayo Clinic made an intriguing announcement: One of its scientists had discovered a possible way to prevent ovarian and breast cancer with vaccines. And Mayo was ready to start testing them in people.Within days, word had spread around the globe. Hundreds of women
TechnologyOct. 20, 2011
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Health hints for takers of national college admission test
With less than a month left before the annual state-run test for college admissions, hundreds of thousands of students across the country must be extremely nervous. Maintaining good health is important for test-takers to work to the best of their ability in preparation for the exam on Nov. 10.Due to
TechnologyOct. 20, 2011
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iPad helps elderly remember, socialize
WINTER GARDEN, Florida ― The newest arrival at Health Central Park nursing home is barely a year old, but it’s already making an impact with the elderly.The west Orange County, Florida, nursing home is using Apple iPad 2 tablets to jump-start residents’ memory, mobility and social skills that have d
TechnologyOct. 20, 2011
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US researchers study bed bugs' resistance
US researchers have uncovered the genetic mechanism that bed bugs use to resist powerful insecticides, according to a study, leading to the hope of more effective ways to combat the pests.Bed bugs, which have been largely absent from the United States since the 1950s, have returned in force in the l
TechnologyOct. 20, 2011
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GM Korea recalls nearly 100,000 cars worldwide
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., is recalling nearly 100,000 cars globally for a faulty fuel hose in its certain model year diesel that could cause leaks and the vehicle to come to a sudden halt, the Seoul government said Thursday.In South Korea alone, 32,618
MobilityOct. 20, 2011
