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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UK taxi driver becomes first mummy for 3,000 years
A former British taxi driver has become the first person in the world for 3,000 years to be mummified in the same way as the pharaohs. Channel Four viewers will see Alan Billis turned into a mummy over the space of a few months as his body is preserved using the techniques which the ancient Egyptian
TechnologyOct. 19, 2011
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US woman shocked by $200,000 cell phone bill
MIAMI (AP) -- A Florida woman got a shock when she opened a recent mobile phone bill: she owed $201,000.It was no mistake.Celina Aarons has her two brothers on her plan. They are deaf and cannot speak, so the easiest way for them to communicate is by texting. Normally, that's not a problem. Aarons h
TechnologyOct. 19, 2011
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Samsung wins dismissal of some apple smartphone patent claims in U.S. suit
Samsung Electronics Co. won dismissal of some of Apple Inc. (AAPL)’s claims over smartphone patents in a lawsuit in federal court in California. The iPhone maker’s claims that Samsung misrepresented its intent to license certain patents on fair terms was dismissed and Samsung’s request to throw out
IndustryOct. 19, 2011
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Financial firms refute growing backlash on excessive greed
South Korean financial firms on Wednesday rebutted rising public criticism of their large paychecks and high profit margins as the ongoing "Occupy" protests in the United States and elsewhere fueled local anger about corporate greed. (Yonhap News)Following the start of the "Occupy Wall Street" movem
Oct. 19, 2011
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Study: Vaccine reduces malaria in African children
ATLANTA (AP) — The quest for the world's first malaria vaccine appears to have taken a big step: A study in Africa shows experimental shots cut the risk of disease in young children by half.The initial results from a final stage of vaccine testing were released Tuesday, and the vaccine's devel
TechnologyOct. 19, 2011
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Samsung heir, Apple chief discuss long-term parts cooperation
As Samsung Electronics Co. and Apple Inc. wage legal battles across the world, two of their top executives have met to discuss long-term parts cooperation and maintaining existing partnerships. (Yonhap News)Lee Jae-yong, chief operating officer (COO) of Samsung Electronics said Wednesday he had disc
TechnologyOct. 19, 2011
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S. Korea, Japan to discuss expansion of currency swap line
SEOUL, Oct. 18 (Yonhap) -- Leaders of South Korea and Japan plan to discuss the expansion of the won-yen swap line in an effort to stabilize the two financial markets, the Seoul government said Tuesday.South Korean President Lee Myung-bak was to hold a summit with Japanese Prime Minister Yoshihiko N
Oct. 19, 2011
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S. Korea, Brazil agree to boost trade, investment
SEOUL, Oct. 19 (Yonhap) -- South Korea and Brazil have agreed to expand their bilateral trade and investment as part of efforts to boost their overall economic cooperation, officials said Wednesday. The countries also shared the view that they and other emerging countries should keep their fiscal he
Oct. 19, 2011
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Korea’s financial market fast stabilizing
Fear indicator down, KOSPI makes back recent lossesSouth Korea’s financial markets have been shifting back to normal faster than earlier predicted after suffering a series of shocks sparked last month by fears of a global recession. Investment sentiment, though still cautious, is turning positive at
Oct. 18, 2011
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Kia’s Soul dominates N. America’s boxy hatchback market
Kia Motors Corp., South Korea’s second-largest automaker, said Tuesday that its Soul box-type hatchback is dominating rivals in the North American market for the third year in a row.The Soul compact that hit the U.S. and Canadian markets in 2009 has been the best-selling car in both countries since
IndustryOct. 18, 2011
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FTA levels playing field for U.S. car makers in Korea: Kirk
WASHINGTON (Yonhap News) ― U.S. Trade Representative Ron Kirk said Monday that a free trade agreement with South Korea, approved by Congress last week, will enable South Koreans to buy American cars “at an affordable price” and reaffirmed a plan to renew a push for opening South Korea’s beef market
IndustryOct. 18, 2011
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Trade surplus with 5 FTA partners more than doubles
South Korea saw its trade surplus with five economic entities with which it has free trade agreements more than double last year, as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry, South Korea logged a combined
Oct. 18, 2011
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SK unit to export naphtha tech to China
SK Innovation, Korea’s top refiner, said Tuesday it has clinched a deal with China’s Yanchang Petroleum Corp. to export its catalyst technology used to break down naphtha. First developed by SK and the Korea Research Institute of Chemical Technology in 2008, the Advanced Catalytic Olefins process al
IndustryOct. 18, 2011
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Samsung boosts smartphone clout
Tech giant to unveil Galaxy Nexus in Hong Kong this WednesdaySamsung Electronics is moving to further expand its market share in smartphones, while continuing its patent fight against rival Apple Inc.On Wednesday Samsung is to unveil a new smartphone dubbed the “Galaxy Nexus,” which will run on the
TechnologyOct. 18, 2011
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Seoul shares fall 1.41 percent on fading eurozone optimism
South Korean stocks closed 1.41 percent lower on Tuesday as remarks from Germany dampened investor hopes on the eurozone debt crisis resolution ahead of a European Union summit later this week, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI slumped 26.28 points to
Oct. 18, 2011
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Foreign banks mixed on Korea rate outlook
Major foreign investment banks forecast South Korea’s central bank to freeze its key interest rate for the remainder of the year, while some expect a rate hike or a cut, a report showed Tuesday.The Bank of Korea froze the benchmark rate at 3.25 percent in October for the fourth straight month as sig
Oct. 18, 2011
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Card issuers expected to reap huge profits from loan services
South Korean credit card firms are expected to rake in huge profits this year from their loan services as more cardholders take out cash advances on their credit cards amid tightened lending regulations, industry sources said Tuesday. Credit card companies posted a combined profit of 679 billion won
Oct. 18, 2011
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Samsung Fire expands sales in China
Samsung Fire & Marine CEO Chi Dae-sub (second from left, front row) poses at an event to celebrate the opening of a branch in Tianjin, China. (Samsung Fire & Marine)Samsung Fire & Marine Insurance, which holds about 30 percent of the Korean non-life insurance market, has been active in tapping the C
Oct. 18, 2011
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Hana pushes to cut KEB price
Chairman Kim Seung-yu visits U.S. to woo investorsHana Financial Group is expected to launch actions to placate opponents of the group’s planned takeover of Korea Exchange Bank from Lone Star Funds.Hana spokespeople said the move will come after the Financial Services Commission orders Lone Star, co
Oct. 18, 2011
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GS Caltex strives to achieve shared growth
Korea’s No. 2 refiner scales up cash payments, low-interest loans and technical training for suppliersGS Caltex, the country’s second-largest oil refiner, is stepping up efforts to support its small vendors and suppliers as it strives to create a level playing field in Asia’s fourth-largest economy.
IndustryOct. 18, 2011
