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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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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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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Job creation lowest on record among under-30s
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Opposition chief acquitted of instigating perjury
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Gmarket rewards merchants for making overseas sales
Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on
IndustrySept. 29, 2011
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Income gap between firms, household widens faster
The income growth rate of Korean corporations jumped rapidly last year, widening the gap with the growth trend of household income, the Bank of Korea data showed on Thursday.The total income of firms here was tallied at 280.6 trillion won ($240 billion) in 2010, up 18.3 percent from a year earlier.
Sept. 29, 2011
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Korean Air awarded for top first class cabin
Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel
IndustrySept. 29, 2011
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Swiss, Nissan research car that reads the driver's thoughts
GENEVA (AFP) - In the future, thinking about turning left may no longer be just a thought. Japanese auto giant Nissan and a Swiss university are developing cars that scan the driver's thoughts and prepares the vehicle for the next move."The idea is to blend driver and vehicle intelligence together i
MobilitySept. 29, 2011
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China tells police to use social media
China has ordered police nationwide to make more use of social networking sites to ensure greater openness and "dispel misunderstandings", the state Xinhua news agency said Tuesday.Huang Ming, vice-minister of public security, delivered the message at a conference on Monday aimed at helping law enfo
TechnologySept. 29, 2011
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Amazon unveils $199 Kindle Fire tablet
Amazon CEO Jeff Bezos on Wednesday showed off the Kindle Fire, a $199 tablet computer, challenging Apple's iPad by extending its Kindle brand into the world of full-color, multipurpose devices. Jeff Bezos, chairman and CEO of Amazon.com, introduces the Kindle Fire at a news conference Wednesday in N
TechnologySept. 29, 2011
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Samsung, Microsoft expand smartphone partnership
NEW YORK (AP) -- Microsoft and Samsung Electronics have agreed to cross-license each other's patent portfolios, with Microsoft getting royalties for the mobile phones and tablets Samsung sells that run the Android operating system.Microsoft Corp. and Samsung Electronics Co. said Wednesday that they
TechnologySept. 28, 2011
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Daewoo Int’l taps into Australian mining
NARRABRI, Australia ― Daewoo International Corp., Korea’s leading trading company, is making rapid progress in resources development in Australia.The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daew
IndustrySept. 28, 2011
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Samsung hints at all-out war against new iPhone
Samsung Electronics Co. will seek a global sales ban on the upcoming iPhone as part of an all-out war against Apple Inc., a high-ranking company official said Wednesday, signaling a shift in its position on the deepening legal row.Samsung, which is embroiled in some 20 patent lawsuits with Apple aro
TechnologySept. 28, 2011
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Another satellite set to plunge to Earth
A German astronomy satellite is set to plunge uncontrolled back to Earth in late in October, or early in November, CBS reported.This comes just days after the 20-year-old Upper Atmosphere Research Satellite entered Earth's atmosphere and plunged into the southern Pacific Ocean.While slightly smaller
TechnologySept. 28, 2011
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FSC to auction off halted savings banks
Authorities say about half of 85 savings banks suffer from financial difficultiesFinancial authorities are set to put debt-ridden savings banks up for auction to find preferred bidders among bigger financial companies, following a former case during the first half.As an initial step, the Financial S
Sept. 28, 2011
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Korea plans to triple food exports by 2017
Korean Finance Minister Bahk Jae-wan (left) shakes hands with his Chinese counterpart Zhang Ping at the opening of the economic ministers’ meeting in Seoul on Wednesday. (Yonhap News)The Agriculture Ministry announced on Wednesday its six-year plan to strengthen the food industry to match the soarin
Sept. 28, 2011
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LG files to ban sales of BMW, Audi cars here
Two LG affiliates have filed a lawsuit to ban BWM and Audi’s local branches from selling cars fitted with Osram-made headlamps as part of their ongoing patent battle with the lightmaker, LG Electronics said on Wednesday. LG Electronics and LG Innotek said they are together seeking the sales injuncti
IndustrySept. 28, 2011
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Weak won a major obstacle to stock gains
With fears about the eurozone debt crisis and a slower recovery of the U.S. economy weighing down investor sentiment, a recovery of the KOSPI hinges on the stabilization of the local currency, analysts said on Wednesday. (Yonhap News)The Korean stock market in the past week went through gyrati
Sept. 28, 2011
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SKC completes EVA plant in United States
SKC Inc., a South Korean industrial film maker, said Wednesday that it has completed an ethylene vinyl acetate plant in Georgia in the United States.The plant will annually produce 12,000 tons of EVA, a key component in making solar cells, raising the company’s total annual capacity of EVA to 36,000
IndustrySept. 28, 2011
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FTC to examine firms’ shared-growth efforts
The Fair Trade Commission said on Wednesday that it will start a large-scale crackdown on unfair business practices next month, especially on high commission fees at major retail companies. The nation’s antitrust regulator revealed the plan on the first anniversary of the government’s shared-growth
IndustrySept. 28, 2011
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Korea, China agree to tighten policy cooperation
Finance chiefs of Korea and China agreed to tighten policy cooperation to boost regional developments and seek solutions to social problems they share, Korea’s Finance Ministry said Wednesday. The agreement was reached during a four-hour meeting between Korean Finance Minister Bahk Jae-wan and his C
Sept. 28, 2011
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Manufacturing sentiment for Oct. hits 21-month low
Faltering U.S. economic recovery dampens business sentimentKorean manufacturers’ business confidence for October stayed at a 21-month low as debt woes in Europe and a faltering U.S. economic recovery dampened sentiment. The index of manufacturers’ outlook on business conditions stood at 86, unchange
Sept. 28, 2011
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New hall doubles KINTEX’s floor space
The second exhibition hall of the Korea International Exhibition Center, or KINTEX, in Goyang, Gyeonggi Province opened Wednesday.Minister of Knowledge Economy Choi Joong-kyung attended the opening ceremony, which doubled as the opening event of an industrial exhibition that combines six events.With
IndustrySept. 28, 2011
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SK Telecom to offer 7 phones for 4G service
SK Telecom Co., South Korea’s largest mobile operator, said Wednesday that it will offer seven smartphones and one tablet PC that use its fourth-generation network this year, to meet surging demand for video and other data-guzzling services. By December, SK Telecom aims to lure 500,000 subscribers f
TechnologySept. 28, 2011
