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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Daewoo International makes inroad into Australian mining
NARRABRI, Australia -- Daewoo International Corp., Korea’s leading trading company, is making fast 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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STX Group looks to resources, energy to support future growth
Conglomerate focuses on overseas resources as it seeks No. 7 spot among Korean business groupsSTX Group is looking to develop its energy and resource development business into a major part of its portfolio that will generate a quarter of its revenue target set for 2020.Under the “Vision 2020” plans
IndustrySept. 28, 2011
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Yuhan-Kimberly seeks innovation through ‘smart work’
Employees of Yuhan-Kimberly work at a “smart office” installed in the company headquarters. (Yuhan-Kimberly)Yuhan-Kimberly, Korea’s leading hygiene-products maker, has recently announced its new corporate slogan “Smart Work,” which aims to maximize efficiency of workplaces so that employees can bett
IndustrySept. 28, 2011
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Kyobo’s life insurance offers stable income
Kyobo Premier Variable Whole Life Insurance offers monthly annuities for families wanting a stable income stream for retirement, and protection in case of a breadwinner’s death. Launched in May, the product guarantees up to 6 million won ($5,151) per month for the family even after the subscriber di
Sept. 28, 2011
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Scientists confirm cytotoxicity of nanoparticles
A group of South Korean scientists has identified the negative effects of magnetic nanoparticles on human cells, a finding that urges the development of new nanoparticles that are safe to humans, the science ministry said Wednesday.According to the study, led by Chae Kwon-seok and Jang Yong-min, bot
TechnologySept. 28, 2011
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Apple sends out invite for iPhone event
A customer looks at the specifications for the Apple Inc. iPhone 4 using an iPad tablet during the opening of the company's new store in Le Chesnay, near Paris, France, on Saturday, Sept. 24, 2011. (Bloomberg)NEW YORK (AP) -- Apple is inviting journalists to its Cupertino, California, headquarters n
TechnologySept. 28, 2011
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Budget targets jobs, welfare
The government has proposed increasing its spending next year by 5.5 percent to 326.1 trillion won ($286.2 billion), prioritizing job creation and fiscal soundness to protect the country’s economy from ongoing debt crises abroad.The Finance Ministry said the 2012 budget plan will cut the government
Sept. 27, 2011
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16 business items selected to restrict entry of large companies
A presidential panel on shared growth released Tuesday a list of 16 business items, to which entry of large companies will be restricted. The Commission on Shared Growth for Large and Small Companies has continued discussions on 45 items since May along with local conglomerates.According to the pane
IndustrySept. 27, 2011
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Hyundai-Kia to post record exports
Hyundai Motor and Kia Motors are about to see their yearly combined exports exceed 2 million units for the first time in 2011.In particular, the Korean won’s recent depreciation against major currencies such as the dollar and the yen will likely be a favorable factor for the automakers’ coming expor
MobilitySept. 27, 2011
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Minister resigns over power cuts
Minister of Knowledge Economy Choi Joong-kyung informed the president of his intention to step down on Tuesday, the ministry said.According to the Ministry of Knowledge Economy, Choi expressed his intention to step down to President Lee Myung-bak after the cabinet meeting Tuesday morning and hand in
Sept. 27, 2011
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LTE phones face myriad of barriers
New cellphones boast higher speed but will be more expensiveLong-term-evolution mobile phones are here to stay, but consumers will not be fully appreciating the savvy new cells on account of a myriad of barriers that include a lack of nationwide networks and an inevitable increase in data fees. Majo
IndustrySept. 27, 2011
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Faulty apps to be refunded within 30 days
Smartphone apps can be refunded within 30 days if users find any defect, antitrust authorities said Tuesday. The Fair Trade Commission said it recently ordered SK Telecom’s T-Store and LG Uplus’ OZ Store to correct their refund policy. The local app store operators had made full refunds only when th
IndustrySept. 27, 2011
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More savings banks may be suspended
Speculation is growing in the market that more savings banks could be subject to suspension of operations in the coming months as policymakers appear poised to raise the target for state funds to be injected to restructure the ailing secondary banking sector.The Financial Services Commission had pre
Sept. 27, 2011
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Job creation takes center stage in budget
Global economic uncertainty may threaten job-driven growth planThe South Korean government has mapped out its 2012 budget plan aimed at creating jobs, in the hope it will bolster welfare and economic growth and ease the impact of global uncertainties.The budget proposal, to be submitted to the Natio
Sept. 27, 2011
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Korea needs to develop distinctive ‘Korean style’ designs
Consumer-focused design and R&D is essential for successFollowing is the fifth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed.Companies need to focus all their efforts on the consumer, and begin t
IndustrySept. 27, 2011
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Auto sales boom lifts POSCO’s Turkey business
NILUFER, Turkey ― Last October, in the midst of a robust economic upturn, POSCO opened facilities in Turkey to process steel sheets in a bid to hitch a ride on an unparalleled boom in the country’s automotive market. Almost a year on, the steelmaker’s Turkey Nilufer Processing Center is witnessing a
IndustrySept. 27, 2011
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Dads less likely to die of heart problems
Fatherhood may be a kick in the old testosterone, but it may also help keep a man alive. New research suggests that dads are a little less likely to die of heart-related problems than childless men are.The study — by the AARP, the government and several universities — is the largest ever
TechnologySept. 27, 2011
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Amazon expected to unveil tablet at mystery event
WASHINGTON, Sept 26, 2011 (AFP) -- With nearly 30 million iPads sold, Apple is the undisputed tablet computer champion.BlackBerry maker Research In Motion, US computer giant Hewlett-Packard, South Korea's Samsung and scores of other companies with devices powered by Google's Android software have al
TechnologySept. 27, 2011
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Coffee linked with lower depression risk in women
TechnologySept. 27, 2011
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Korean won worst performer among major currencies
SEOUL, Sept. 27 (Yonhap) -- The South Korean currency fell more than 12 percent to the U.S. dollar in September compared with two months ago on the global recovery woes, making it the worst performer among major 21 currencies, data showed Tuesday.The Korean unit closed at 1,195.80 won per dollar on
Sept. 27, 2011
