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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LG to invest 8 trillion won in eco-friendly projects
LG Group said it would push green energy business forward on a strategy titled “Green New Business.” Under the plan, the country’s second-biggest conglomerate aims to generate 10 trillion won ($8.5 billion) in revenue from green business by 2015, and become a leader in the electric vehicle parts, ph
IndustrySept. 25, 2011
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Regulator to toughen rules on inter-trading by subsidiaries
Companies doing business here will face tougher rules on inter-subsidiary dealings from as early as the end of December, antitrust authorities said Sunday. The Fair Trade Commission on Sunday put a revision to the antitrust law on public notice with an aim to step up its vigilance on illegal inter-a
IndustrySept. 25, 2011
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Asiana sponsors Yeosu Expo
Asiana Airlines CEO Yoon Young-doo (right) and Organizing Committee for Expo 2012 Yeosu Korea chairman Kang Dong-suk pose after signing the sponsorship contract in Incheon International Airport on Sunday. (Asiana Airlines)Asiana Airlines signed on as an official sponsor of International Exposition Y
IndustrySept. 25, 2011
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Specter of 2008 financial crisis looms again
Korean authorities face volatility amid deepening eurozone debt problemThe 2008 financial crisis sparked by the bankruptcy of Lehman Brothers in the U.S. is still fresh in the minds’ of Korean investors and policymakers. Now eerily similar developments are sweeping the country’s financial market as
Sept. 25, 2011
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Korean retailers aim to cash in on Chinese golden week
Korean retailers are launching promotions to target Chinese golden week, which starts Saturday. Industry sources expect that more than 2 million Chinese people will travel abroad during the seven-day holiday starting on Oct. 1, China’s national foundation day. With tens of thousands of Chinese touri
IndustrySept. 25, 2011
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Deutsche Bank employee faces prosecution probe
One more employee of Deutsche Bank AG will likely be subject to criminal investigation in Korea on suspicion of engaging in irregular stock trading, according to the Financial Supervisory Service.FSS officials allege that an employee of Deutsche Bank rigged the price earnings ratio during his tradin
Sept. 25, 2011
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Hyundai Card to tie up with Hyundai-Kia in U.S.
Hyundai Card’s global business is drawing interest over whether the company will successfully debut in the U.S. credit card market.CEO Ted Chung’s willingness to tap the world’s largest credit card market could also be meaningful as Hyundai Motor, the majority shareholder of Hyundai Card, has active
Sept. 25, 2011
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FSS to warn card industry CEOs
Most of six firms under review likely to face sanctions for irregular practicesThe Financial Supervisory Service is moving to reprimand chief executives of major credit card companies for irregular business practices.While the FSS is considering handing down sanctions on several companies for irregu
Sept. 25, 2011
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Hyundai Veloster picks up where Sonata left off
Hyundai Motor Co.’s bet on edgier styling to distinguish its vehicles from competitors has paid off with two straight years of record U.S. sales. Building on those gains is about to get tougher. Emboldened by the success of cars such as the Elantra and Sonata that helped lure customers from Toyota M
MobilitySept. 25, 2011
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Ford vows to revamp ‘beefy’ image in Asia
Ford, the world’s fifth-largest carmaker, is set for a major image makeover aimed at burying the brand’s beefy, gas-guzzling image as it tries to lure smart, fuel-conscious consumers in Asia, said Andrew Frick, vice president for Ford Export and Growth Operations.“I think perception of Ford here is
MobilitySept. 25, 2011
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Challenging Einstein is usually a losing venture
GENEVA (AP) -- Betting against Einstein and his theory of relativity is a way to go broke.For more than a century, everyone from physicists to the Nazi Party _ which encouraged the publication of the tract ``One Hundred Authors Against Einstein'' -- has tried to find cracks in his work. And all have
TechnologySept. 25, 2011
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Korea's sovereign debt index worsens on financial turmoil
Korea’s sovereign default risks went up last week as the Korean won and the main stock index confronted a selling spree amid growing concerns over the country’s wobbly financial market battered by the deepening fiscal crisis in Europe. The spread on credit default swaps, or CDS, for South Korea
Sept. 25, 2011
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Satellite likely in ocean, but may have hit US
WASHINGTON (AP) _ It's as big as a bus and weighs 6 tons, but officials probably will never be able to pinpoint exactly where a massive NASA satellite plummeted to Earth.NASA space junk scientists believe that all _ or nearly all _ of the parts of their 20-year-old dead satellite safely plunge
TechnologySept. 25, 2011
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Bahk urges bold, swift action to avert new crisis
WASHINGTON (Yonhap News) -- South Korea's top economic policymaker called Friday for advanced economies to take a more“aggressive, systematic and balanced” approach, based on strong political commitment, to improve fiscal conditions and avert a global financial crisis.“A big worry now is that the cu
Sept. 24, 2011
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Seoul bourse hit by panic selling
KOSPI drops to 15-month low 1,697, won surges thanks to interventionThe Seoul stock market wrapped up its worst week since July, 2010 Friday, as investors continued to slash their exposure to local assets on overnight losses in the United States and Europe.The benchmark KOSPI tracked overnight falls
Sept. 23, 2011
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Honduras to seek FTA with Korea: trade minister
The Republic of Honduras will push to establish a free trade agreement with Korea, Honduran Trade Minister Jose Francisco Zelaya said Friday.“Honduras and Korea has one trade agreement in place, but we want to take the relations to the level of free trade agreement,” Zelaya said at a press conferenc
Sept. 23, 2011
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‘Market jitters likely to cut growth’
South Korea’s top central banker said Friday the country’s economy is likely to lose growth momentum, largely due to prolonged market jitters and weakening growth in advanced economies, hinting at cutting the bank’s growth estimate for the year.The remarks by Bank of Korea Gov. Kim Choong-soo came a
Sept. 23, 2011
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KEPCO to develop measures to prevent power outage
Korea Electric Power Corp. will seek to introduce a regulation for controlling electricity consumption when demand spikes.At the parliamentary audit on Friday, the power company said it will push to have such a measure included in related laws in order to prevent recurrences of the nationwide power
IndustrySept. 23, 2011
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Korea braces for semiconductor slump
Samsung chief calls for technological advancement to weather tough conditionsThe global semiconductor industry is far from looking fine, and this spells trouble for Korea where some of its most high-tech companies such as Samsung Electronics and Hynix Semicondutor depend on semiconductors for revenu
IndustrySept. 23, 2011
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Facebook looks to extend online reach, sharing
SAN FRANCISCO (AP) — Facebook is trying to evolve from an Internet hangout where people swing by to share tidbits, links and photos to a homestead decorated with the memories, dreams and diversions of its 800 million users.In what may be the boldest step yet in the company's seven-year history
TechnologySept. 23, 2011
