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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Korea, EU agree on close cooperation
South Korea and the European Union agreed Wednesday to closely cooperate in economic policies amid uncertainties over the European debt crisis, Seoul’s Trade Ministry said.Both sides will also utilize the so-called Trade Committee as a consultation body for bilateral cooperation, according to the mi
Oct. 12, 2011
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Money supply accelerates, household loans slow: BOK
Korea’s money supply expanded at its fastest pace in five months in August and banks’ household loan growth slipped to an eight-month low in September, the Bank of Korea said on Wednesday.The data came ahead of the central bank’s rate-setting meeting slated for Thursday amid widespread expectations
Oct. 12, 2011
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FTC warns against fraud on social commerce sites
The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deals online, has grown rapidly into a 500 billion won market in Korea. FTC chairman Kim Dong-soo (Y
IndustryOct. 12, 2011
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ITU picks Busan for communications conference in 2014
The Korea Communications Commission announced Wednesday that the plenipotentiary conference of the International Telecommunication Union will be held in Busan in 2014.The meeting, which will be organized for three weeks from Oct. 20-Nov. 7, is a meeting launched every four years by the ITU, an organ
Oct. 12, 2011
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Korea to allow foreign hospitals in free zones
The government will revise health and welfare regulations to enable foreign hospitals to set up operations in free economic zones, the Ministry of Knowledge Economy said Wednesday.The ministry said that concerned ministries including the Ministry of Health and Welfare and the Ministry of Strategy an
Oct. 12, 2011
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OECD: Korean economy in ‘slowdown’ phase
Major European economies see leading indicators slump on debt woesKorea’s economic conditions declined for three months in a row based on the composite leading indicator of the Organization for Economic Cooperation and Development, data showed on Wednesday. Korea’s CLI for August stood a
Oct. 12, 2011
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Smart Korea shows off the nation’s IT progress, prowess
Visitors look around the booths of participating companies at KINTEX in Goyang, Gyeonggi Province, on Wednesday. (Park Hae-mook/The Korea Herald)Smart Korea 2011 on Wednesday kicked off its four-day run to show off the nation’s IT progress over the past year. The nation’s largest IT exhibition, mark
IndustryOct. 12, 2011
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Kakao Talk to evolve into real-time service platform
Company’s CEO determined to take lead in platform creationKakao Talk said Wednesday that it will evolve into a real-time mobile messaging platform, moving a step further from being merely a free mobile messaging service. Kakao Talk CEO Lee Jae-beom speaks at a press conference on Wednesday. Yo
IndustryOct. 12, 2011
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Kakao Talk unveils features to get instant messages from K-pop
SEOUL (Yonhap) -- Kakao Talk, South Korea's fastest-growing mobile messenger service, introduced new features on Wednesday that allow handset users to receive real-time messages from K-pop stars, companies and local merchants.Its operator Kakao Corp. also added features that enable users to play mob
CompaniesOct. 12, 2011
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BlackBerry woes caused by 'core switch failure'
LONDON (AP) — Email and messaging glitches that have plagued BlackBerry users around the world for a second day were caused by a core switch failure, the smartphone's maker said Tuesday.Research in Motion Ltd. said the disruptions — which affected users from Europe to Latin America &mdas
TechnologyOct. 12, 2011
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Gasoline cars sales up despite high fuel prices
SEOUL, Oct. 12 (Yonhap) -- Sales of gasoline-powered cars in South Korea rose this year from the previous year despite high local fuel prices, an industry report showed Wednesday.The Korea Automobile Manufacturers Association (KAMA) report showed that in the first eight months of the year 67.5 perce
IndustryOct. 12, 2011
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Vitamin E pills linked with prostate cancer risk
CHICAGO (AP) — There is more evidence that taking vitamin E pills can be risky. A study that followed up on men who took high doses of the vitamin for about five years found they had a slightly increased risk of prostate cancer — even after they quit taking the pills.Doctors say it's ano
TechnologyOct. 12, 2011
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S. Korea's jobless rate stands at 3 percent in Sept.
SEOUL, Oct. 12 (Yonhap) -- South Korea's jobless rate stayed unchanged in September from a month earlier but job growth was showing signs of slowing down after recent marked expansions, a report showed Wednesday.The jobless rate stood at 3 percent last month, unchanged from August, according to the
Oct. 12, 2011
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BlackBerry services hit in Latin America, India
LONDON (AP) -- BlackBerry's woes spread on Tuesday as the smartphone's maker reported service disruptions for a second straight day in Europe, the Middle East and Africa and fresh problems in Latin America and India.Research in Motion Ltd., which makes BlackBerry devices, acknowledged there were ong
TechnologyOct. 12, 2011
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Foreign capital inflow continues to rise
Direct foreign investment into Korea during the first nine months of the year increased from a year ago, but the rate of growth slowed, government data showed Tuesday.According to the Ministry of Knowledge Economy, the amount of foreign investment reported to the authorities during the first nine mo
Oct. 11, 2011
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SKT, SNU Hospital join hands for health care
New joint venture expected to be launched this yearSK Telecom, the country’s largest mobile carrier, said Tuesday that the company and Seoul National University Hospital recently agreed to establish a joint venture involving health care.The new joint venture is expected to lead the future health car
IndustryOct. 11, 2011
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Seoul shares up 1.62% on eurozone hopes
South Korean stocks finished 1.62 percent higher on Tuesday, led by oil refiners and shipyards, as European leaders' move to shore up the region's banking sector boosted investor confidence, analysts said. The local currency climbed against the U.S. dollar. The benchmark Korea Composite Stock Price
Oct. 11, 2011
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Oilbank sets W100b for storage facility
Hyundai Oilbank Co., South Korea’s fourth-largest oil refiner, said Tuesday that it will spend 100 billion won ($86 million) on building a new storage facility for oil and petrochemical products.The facility in Ulsan, 414 kilometers southeast of Seoul, includes a 300,000-kiloliter tank, it said.Cons
Oct. 11, 2011
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BOK expected to freeze interest rate
The Bank of Korea is widely expected to keep the benchmark rate steady at its rate-setting meeting on Thursday, a survey by Korea Financial Investment Association showed on Tuesday.The KOFIA survey, conducted on local bond dealers, brokers and analysts between Sept. 27 and Oct. 3, revealed that 96.3
Oct. 11, 2011
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SK Planet aims to go global,...achieve W3.5tr sales in 2016
New subsidiary of SK Telecom to go overseas with focus on Asian marketsSK Planet, a new platform subsidiary of the country’s top mobile carrier, said Tuesday it aimed to make the company worth 5 trillion won ($4.29 billion) within the next five years.In its first press conference, the firm’s chief e
IndustryOct. 11, 2011
