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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Moody's downgrades LG Electronics' outlook to negative
Moody's Investors Service said Thursday that it has cut its outlook on LG Electronics Inc. to negative from stable, citing its loss-making mobile business and global economic slowdown. The move deals another blow to LG Electronics, the world's third-largest maker of mobile phones, which is trying to
Oct. 13, 2011
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Samsung, LG Electronics under investigation for price-fixing
Korea’s two largest electronics firms Samsung Electronics Co. and LG Electronics Inc. are under investigations by the Fair Trade Commission for allegedly fixing prices of TVs and laptops, Yonhap News Agency reported Thursday. The watchdog is said to have started reviewing sales documents and related
IndustryOct. 13, 2011
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Obama wants more Fords, Chevys in Korea
President Barack Obama says he wants to see folks in South Korea driving Fords and Chevys and Chryslers. A trade agreement approved by Congress last night may not separate Korean drivers from their Hyundais and Kias anytime soon.U.S. exports of beef, machinery and chemicals may all gain from the agr
Oct. 13, 2011
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Moody’s lowers LGE’s outlook to negative
Moody’s Investors Service lowered the outlook for LG Electronics from stable to negative on Thursday, citing the firm’s weakened position in the handset business and the uncertain global economy.With economic uncertainty leading to weakness in profitability and credit metrics, LG Electronics’ rating
IndustryOct. 13, 2011
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‘Premature birth needs 35 weeks’
A group of doctors here say it is safer for Korean women to give birth at 35 weeks or later, even should premature labor be required, suggesting a different view from U.S. obstetricians’ 34 week theory. Thirty-five weeks is the minimum period of time for the fetus to be able to protect itself from v
TechnologyOct. 13, 2011
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NCC lung cancer survival rate exceeds 50%
Thirty-nine out of 81 lung cancer patients who underwent surgery to remove tumors in 2001 at the National Cancer Center have lived till now, the hospital said Wednesday. Moreover, the hospital’s five-year survival rate marked 65 percent. Among them, two out of every three survivors were declared “he
TechnologyOct. 13, 2011
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Autumn season hair care
Human hair usually has a growth cycle. It is made up of three periods: growth season; catagen season and telogen season.The growth phase of hair is about three years, catagen phase is about three weeks and then there is a pause for about three months. This is continually repeated. In contrast to ani
TechnologyOct. 13, 2011
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Obese population growing in Korea, with estimated 70,000 serious cases
Being fat used to represent wealth in the old days, when life was hard.But nowadays, it has emerged as a social issue for a very different reason: it is not healthy. According to the Ministry of Health and Welfare, about 31.3 percent of adults are likely to become overweight once in their lifetime a
TechnologyOct. 13, 2011
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Pancreatic cancer 4th most deadly
Death of Apple founder Jobs, Steinman highlights cancer with few treatmentsPancreatic cancer is notoriously lethal ― there are almost as many deaths from it each year as there are new cases. The deaths this week of Apple founder Steve Jobs and Nobel laureate Ralph Steinman have brought more attentio
TechnologyOct. 13, 2011
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Panel advises against prostate cancer screening
WASHINGTON (AP) ― No major medical group recommends routine PSA blood tests to check men for prostate cancer, and now a government panel is saying they do more harm than good and healthy men should no longer receive the tests as part of routine cancer screening.The panel’s guidelines had long advise
TechnologyOct. 13, 2011
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Shares up on eurozone optimism
South Korean stocks closed 0.75 percent higher on Thursday as foreigners snapped up shares on growing hopes the eurozone will succeed in tackling its debt debacle, analysts said. The local currency gained against the U.S. dollar.The benchmark KOSPI climbed 13.6 points to 1,823.1. Trading volume was
Oct. 13, 2011
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Lone Star not to appeal guilty verdict
Hana-Lone Star deal totally up to FSCThe Financial Services Commission will announce the procedures for its coming action under which Lone Star Funds will be deprived of its status as the biggest shareholder of Korea Exchange Bank.The regulator’s stance comes several hours after U.S.-based Lone Star
Oct. 13, 2011
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CJ files suit to allow generic Viagra
Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
IndustryOct. 13, 2011
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Business community welcomes U.S. decision, urges approval in Korea
Korea-based companies and business organizations welcomed the U.S. legislatures’ decision to approve the Korea-U.S. Free Trade Agreement on Thursday.Companies and associations of industries with high dependence on exports were among the most vocal in welcoming the deal. The Korea Automobile Manufact
Oct. 13, 2011
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EU trade chief sees better eurozone next month
The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
IndustryOct. 13, 2011
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Samsung to proceed with legal options on Galaxy Tab ban
Australian court hands another patent victory to Apple Inc.Samsung Electronics said Thursday that it will proceed with immediate legal options after an Australian court slapped a temporary ban on its Galaxy Tab 10.1, handing another victory to its rival Apple in their global patent war.“We express o
IndustryOct. 13, 2011
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Opposition still hurdle for ratifying U.S. FTA
Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
Oct. 13, 2011
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isMedia CEO puts success down to trust with employees
Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca
IndustryOct. 13, 2011
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GM to produce all-electric Chevy Spark in 2013
U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e
IndustryOct. 13, 2011
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Global LTE phone market to quadruple in 2012
The global market for long-term evolution mobile phones is expected to surge four-fold to around 32 million units in 2012, fueled by strong consumer demand, an industry report said Thursday.The report by Strategy Analytics, a global research and consulting firm, predicted market size will expand an
Oct. 13, 2011