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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Ssangyong aims at 20 percent of SUV market
Under new vision, automaker seeks to achieve yearly sales of 160,000 vehicles by 2013Ssangyong Motor has set the goal of pulling up its market share in the local sport utility vehicle industry to 20 percent within five years, from the current 14 percent.The automaker unveiled the local market share
MobilitySept. 21, 2011
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Hanwha’s major construction projects under way
With the aim of becoming one of the major global builders, Hanwha Engineering and Construction has successfully won large-scale construction projects nearly all over the world.One of the latest projects the company won is to build the world’s largest domed arena near Manila.In August, Hanwha began w
IndustrySept. 21, 2011
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Hanwha E&C looks to overseas markets for growth
Builder aims to become one of the world’s top 100 construction firms with sales of W5trHanwha Engineering and Construction is turning its attention to overseas markets to fuel its drive to become one of the world’s top 100 construction companies by 2015.Under the plans announced earlier this year, t
IndustrySept. 21, 2011
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Brain stroke on rise among aged population
SEOUL, Sept. 21 (Yonhap) -- The number of people suffering from cerebral infarction, a type of stroke caused by disturbance in blood vessels supplying blood to the brain, is rising among the aged population in South Korea, a report showed Wednesday.The number of cerebral infarction patients rose by
TechnologySept. 21, 2011
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Creditors to allow new bidders for Hynix stake
SEOUL, Sept. 21 (Yonhap) -- Shareholders of Hynix Semiconductor Inc. said Wednesday that they will open up the final bidding for the chipmaker in a move to secure the fairness and transparency of the sale process.Creditors-turned-shareholders of Hynix said on Tuesday that they will proceed to sell a
IndustrySept. 21, 2011
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S. Korea's jobless rate falls to 3 percent in August
SEOUL, Sept. 21 (Yonhap) -- South Korea's jobless rate declined in August from a year earlier as the number of newly created jobs in the country increased, a government report showed Wednesday.The jobless rate stood at 3 percent last month, down from 3.3 percent a year earlier, according to the repo
Sept. 21, 2011
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IMF cuts Korea growth outlook to 4%
The International Monetary Fund on Tuesday revised down its growth forecast for Korea this year to 4 percent from 4.5 percent in its latest World Economic Outlook, citing decreasing demand for exports. It projected Korea to grow 4.4 percent in 2012.The IMF lowered the global growth outlook by 0.3 pe
Sept. 20, 2011
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Italy downgrade to hit Korean market
In a surprise move, Standard & Poor’s has downgraded Italy’s sovereign debt rating, a development that analysts said could affect the Korean stock and foreign exchange markets negatively at least in the short term. The rating agency cut Italian debt one notch to “A/A-1” from a “A+/A-1+” grade, citin
Sept. 20, 2011
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EUCCK elects new president
Jean-Luc Valerio, chief of the European Aeronautic Defense and Space Company’s Korean operations, has been chosen as the new president of the European Union Chamber of Commerce in Korea, the chamber announced Tuesday.The 53-year-old Frenchman will replace Jean-Marie Hurtiger, chief executive of Rena
IndustrySept. 20, 2011
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KITA forum to discuss global trade
Economic policymakers, academics and industry officials from around the world will discuss challenges and strategies for international trade at a forum organized by the Korea International Trade Association. Scheduled for Sept. 26-27 in Seoul, the conference commemorates Korea’s reaching $1 trillion
IndustrySept. 20, 2011
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Hyundai Heavy starts 2nd Russian farming business
Hyundai Heavy Industries Co. announced on Tuesday that it has set up its second agricultural business in Russia.For the new subsidiary, Hyundai Mikahailovka Agro, the shipbuilding conglomerate took over the Asinovka farm located 150 kilometers north of Vladivostok.According to Hyundai Heavy’s estima
IndustrySept. 20, 2011
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Hynix sale to go ahead as scheduled
Auction will be carried out with SKT as sole bidderCreditors of Hynix Semiconductor Inc. have decided to continue with selling the company on schedule, Korea Exchange Bank said Tuesday.After STX Group pulled out of the bid on Monday, market watchers had raised concerns that the process would be dela
IndustrySept. 20, 2011
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Savings banks to tap public funds soon
Suspended banks are expected to be auctioned off in the coming monthsFinancial regulators will inject taxpayers’ money, projected at about 500 billion won ($454 million), into the distressed savings banking sector by the end of this year.Under the policy of the Financial Services Commission, the Kor
Sept. 20, 2011
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Design helps cities gain more environmental sustainability
Following is the third 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.Richard Register is an American specialist in ecological city design and planning who created the term “ecocity” in the late 1
IndustrySept. 20, 2011
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Hyundai Group to enter telecom market
Conglomerate mulls joining consortium formed by SME associationHyundai Group is poised to once again try its hand in the information and communication industry, as the company was found to have decided to participate in a consortium seeking to set up a telecom service provider. Hyundai is considerin
IndustrySept. 20, 2011
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Korean to lead Ethiopian university
A retired professor of Seoul National University has been appointed president of Adama Science and Technology University in Ethiopia, making him the first South Korean university president in Africa. Lee Jang-gyu, 65, former professor of electrical engineering, is expected to begin his five-year ter
TechnologySept. 20, 2011
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Italian scientists go on trial over 2009 earthquake
L'AQUILA, Italy (AFP) - A group of Italian scientists went on trial Tuesday for failing to predict an earthquake that killed more than 300 people in central Italy in 2009 despite signs of increased seismic activity in the area.The seven defendants -- six scientists and one government official -- are
TechnologySept. 20, 2011
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Seoul begins taking blackout damage claims
The South Korean government began accepting claims Tuesday from businesses who suffered losses from blackouts caused by low electricity reserves last week.A total of 167 claims had already been filed at 294 centers throughout the nation, according to the Ministry of Knowledge Economy.The government
IndustrySept. 20, 2011
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World’s cheapest car now covered with gold, jewels
The Indian automobile giant Tata Motors unveiled the latest version of its signature Nano car crafted in gold, silver and gemstone on Monday in Mumbai.The jewel encrusted GoldPlus Nano is covered in 80 kilograms of 22 carat gold and 15 kilograms of silver, according to local reports. It also fe
IndustrySept. 20, 2011
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NASA: Satellite pieces to hit Earth in a week
WASHINGTON (AP) – U.S. space officials say they expect a dead satellite to fall to Earth in about a week.NASA has been watching the 6-ton satellite closely. On Friday officials moved up their prediction for its arrival to Sept. 23, give or take a day.NASA scientists have calculated the satelli
TechnologySept. 20, 2011
