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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Plan to limit small payments scrapped
Data shows small card payments account for 30.6% of total transactionsThe Korean government is expected to keep the current credit card payment system, a turnaround from its previous stance announced on Monday, backing down to protests from small retailers and consumers. The Financial Services Commi
Oct. 13, 2011
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Deadly Black Death bug hasn't changed, but we have
WASHINGTON (AP) -- Scientists have cracked the genetic code of the Black Death, one of history's worst plagues, and found that its modern day bacterial descendants haven't changed much over 600 years.Luckily, we have.The evolution of society and medicine _ and our own bodies _ has far outpaced
TechnologyOct. 13, 2011
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Samsung to counter Aussie court’s tablet PC ruling
SEOUL, Oct. 13 (Yonhap) -- South Korean tech behemoth Samsung Electronics Co. said Thursday it will take immediate legal action against an Australian court ruling that temporarily banned sales of its latest tablet computer. "Every legal action and other measures will be taken to ensure that Samsung'
IndustryOct. 13, 2011
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Big businesses plan to invest more this year
SEOUL, Oct. 13 (Yonhap) -- South Korea's 600 largest conglomerates plan to increase investments by 13.7 percent in 2011 but actual spending may be cut due to the global economic slowdown, a poll showed Thursday.The survey conducted by the Federation of Korean Industries (FKI) showed local businesses
IndustryOct. 13, 2011
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BOK freezes key rate at 3.25 percent for 4th month
SEOUL, Oct. 13 (Yonhap) -- South Korea's central bank held steady the key interest rate on Thursday for the fourth straight month as the global economic outlook remains dimmer and inflation growth eased.Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers froze the benchmark seven-day
Oct. 13, 2011
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KORUS FTA big boon to S. Korean auto parts makers
SEOUL, Oct. 13 (Yonhap) -- South Korean auto parts makers are expected to benefit the most from the implementation of a free trade pact between South Korea and the United States, analysts said Thursday.The U.S. Congress approved the bilateral free trade agreement(FTA) on Wednesday, which is expected
IndustryOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ BlackBerry users across the world were exasperated Wednesday as an outage of email, messaging and Internet services on the phones spread to the U.S. and Canada and stretched into the third day for Europe, Asia, Latin America and Africa. A dummy BlackBerry handset stands at a shop in
IndustryOct. 13, 2011
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KEB sale to gather pace as Lone Star gives up appeal
SEOUL, Oct. 13 (Yonhap) -- Lone Star Funds' decision not to appeal a Seoul court verdict is expected to speed up the U.S. buyout fund's long-stalled plan to sell its controlling stake in Korea Exchange Bank (KEB), clearing legal uncertainties that have blocked the sale, market watchers said Thursday
IndustryOct. 13, 2011
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Apple wins ban on Samsung Galaxy Tab 10.1 sales in Australia
SYDNEY, Oct 13, 2011 (AFP) - US technology giant Apple on Thursday won a temporary ban on Samsung selling its Galaxy Tab 10.1 in Australia after launching legal action on the grounds that it copied Apple's top-selling iPad.The Federal Court handed down its long-awaited judgement in Sydney but said t
TechnologyOct. 13, 2011
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80 percent of US boys use condoms the first time
CHICAGO (AP) _ A surprising 80 percent of teenage boys say they are using condoms the first time they have sex, a government survey found in a powerful sign that decades of efforts to change young people's sexual behavior are taking hold.But another promising trend _ a drop since the 1980s in the nu
TechnologyOct. 13, 2011
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BlackBerry outages spread to North America
NEW YORK (AP) _ Sporadic outages of BlackBerry messaging and email service spread to the U.S. and Canada on Wednesday, as problems stretched into the third day for Europe, Asia, Latin America and Africa.Research In Motion Ltd., the Canadian company that makes the phones, said users in the Americas `
TechnologyOct. 12, 2011
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Samsung replaces smartphone feature to bypass Dutch ban
Samsung Electronics Co., the world's No. 2 mobile phone maker, said Wednesday that it has replaced a feature in its Galaxy smartphones to avoid a sales ban in the Netherlands.The company, which is locked in a series of legal battles with Apple Inc. over mobile patents and design, faced a sales ban i
TechnologyOct. 12, 2011
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Tax breaks to boost electric car sales
The government proposed on Wednesday tax cuts worth up to 4.2 million won ($3,600) for purchasers of electric vehicles, as part of its bid for next-generation transportation that is convenient, affordable and energy-efficient.Starting next year, all electric car buyers will receive a 5-percent reduc
IndustryOct. 12, 2011
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Ex-Lone Star Korea CEO appeals ruling
Paul Yoo, former CEO of Lone Star Korea, has appealed to the Supreme Court against Seoul High Court’s Oct. 6 verdict that he engaged in manipulation of Korean stocks in 2003.But the appeal is only related to his individual case and not the financial authorities’ ongoing probe into U.S.-based Lone St
Oct. 12, 2011
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Seoul shares end up 0.81% on brokerages, refiner gains
South Korean stocks finished 0.81 percent higher Wednesday as investors snapped up shares of brokerages and oil refiners, brushing off concerns over U.S. corporate earnings, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI added 14.48 points to close at 1,809.5, ext
Oct. 12, 2011
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NPS grows banking industry clout
Pension fund holds major stake in 4 financial groupsThe National Pension Service has expand its presence financial industry after regulators paved the way for the fund to increase its stake in commercial banks earlier this year.Experts are divided over the national pension fund’s active buying of sh
Oct. 12, 2011
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Breast cancer pinkwashing questioned
PITTSBURGH, Pennsylvania (AP) ― The country is awash in pink for breast cancer awareness month, and some women are sick of it.While no one is questioning the need to fight the deadly disease, some breast cancer activists are starting to ask whether one of the most successful charity campaigns in rec
TechnologyOct. 12, 2011
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Demand for smartphone DRAMs to spike
Demand for dynamic random access memory devices for smartphones are expected to outdo the overall DRAM market and post a triple-digit annual growth this year, an industry report said Wednesday.DRAM shipments in smartphone handsets are forecast to grow 164.4 percent in 2011 from last year, according
IndustryOct. 12, 2011
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Seoul to reduce rice production land
South Korea will continue to reduce its farming area for rice next year, the agriculture minister said Wednesday, despite earlier forecasts the country’s rice harvest this year will fall to the lowest level in 31 years. The government “plans to reduce the area for rice farming by 40,000 hectares nex
IndustryOct. 12, 2011
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Conglomerates help SMEs enter overseas markets
International expansion for SMEs emerges as new engine of shared growthShared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main economic policies.Many of the country’s largest businesses have taken up the cause and now operate a number
IndustryOct. 12, 2011
