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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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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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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Hot new planet could be in habitable zone -- barely
WASHINGTON (AP) -- Astronomers believe they have found a second planet outside our solar system that seems to be in the right zone for life, just barely.But it would feel like a steam bath -- hot, sticky and beyond uncomfortable. This undated handout image provided by The Europeans Southern Obs
TechnologySept. 13, 2011
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CJ Cheiljedang aims at China's frozen dumpling market
HONG KONG (Yonhap News) – South Korea's largest food company CJ Cheiljedang Corp. plans to enter China's frozen dumpling market in a bid to expand its presence in the world's most populous market, company officials said Monday.CJ DCH Guangdong Frozen Food Co., a joint venture between CJ Cheilj
IndustrySept. 12, 2011
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Consumer complaints about social commerce sites on rise
An increasing number of customers of social commerce sites said they were dissatisfied with faulty contracts or poor services offered by business operators, a report showed Monday.Social commerce, a business model that is most well known through U.S. online commerce site operator Groupon Inc., gener
IndustrySept. 12, 2011
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Seoul shares to track reaction to Obama's jobs speech next week
Amid an absence of major events next week, the South Korean stock market is expected to be largely influenced by the political reactions following U.S. President Barack Obama's jobs proposal, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) wrapped up this week at 1,812
Sept. 10, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany, Sept. 9 (Yonhap) -- A German court on Friday turned down a request by Samsung Electronics Co. to nullifyApple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to t
TechnologySept. 9, 2011
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Korean restaurant chains seek success abroad
From fried chicken to bibimbap, Korean franchises lined up for overseas marketsThe first overseas store of Bulgogi Brothers, a local franchise specializing in Korean barbeque, opened Thursday within a hip shopping mall in Makati, the financial hub of the Philippines. For Zeus Yi, the company’s presi
IndustrySept. 9, 2011
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Samsung Electronics loses key lawsuit against Apple in Germany
DUSSELDORF, Germany (Yonhap News) – A German court on Friday turned down a request by Samsung Electronics Co. to nullify Apple Inc.'s injunction granted earlier to ban the sale and marketing of its Galaxy Tab tablet computer in the European country.The Dusseldorf court decision dealt a blow to
IndustrySept. 9, 2011
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STX’s Finnish subsidiary wins $420m order
STX Group announced Friday that its European subsidiary signed a $420 million contract to build to well intervention vessels for Norway’s Eide Marine Services AS.A well intervention vessel is a ship designed to carry out works related to underwater oil and gas wells ranging from pre-drilling surveys
IndustrySept. 9, 2011
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Rainy weather lifts producer prices
The unusually heavy rains and typhoons of the past two months caused prices of fresh produce to rise by the steepest pace since April, the central bank said Friday.Producer prices of fresh vegetables and fruits advanced 6.6 percent in August from a year earlier, signaling rapid price increases in pr
Sept. 9, 2011
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LG enters launderette market
LG Electronics on Thursday opened a self-service laundry in New York equipped with only its products as it pushes to expand business-to-business sales in the United States.The self-service laundry will be operated by Coinmach Corp., the largest laundry service in the U.S. According to LG Electronics
IndustrySept. 9, 2011
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Samsung Card latest in line of data hacks
Credit-card issuer faces criticism for attempting to downplay scale of breachSamsung Card, one of the nation’s leading credit card companies, is under fire for trying to downplay the leak of clients’ personal information as concerns mount over the frequent exposure of such data online in the world’s
IndustrySept. 9, 2011
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Obama unveils plan to revive U.S. economy
WASHINGTON (AP) -- Barack Obama, looking to jolt both the U.S. economy and his presidency, proposed a $447 billion plan for creating jobs in a high-profile, nationally televised speech before Congress late Thursday.Obama, facing a tough re-election fight next year, looked to stem the eroding confide
Sept. 9, 2011
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Personal data of 800,000 Samsung Card customers may have been leaked
(Yonhap News) Samsung Card Co., South Korea's leading card firm, is suspected of having come under an online security breach that could have leaked about 800,000 customers' personal data, sources said Thursday. Samsung Card has asked the police to investigate an employee regarding the sus
BusinessSept. 9, 2011
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BOK holds key interest rate at 3.25%
The Bank of Korea kept the benchmark interest rate unchanged at 3.25 percent Thursday despite inflationary pressures, leaving it steady for the third consecutive month.The decision of the central bank’s Monetary Policy Committee reflected global uncertainty, including the eurozone debt crisis, BOK G
Sept. 8, 2011
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Korea to put anti-inflation, jobs on front burner
South Korea will put the top priority of its macroeconomic policy on taming inflation and boosting jobs as part of efforts to stabilize the livelihoods of ordinary working-class people, the Finance Ministry said Thursday.The ministry also said it will carry out its macroeconomic policy in a “flexibl
Sept. 8, 2011
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Daewoo Shipbuilding to employ, train high school graduates
Daewoo Shipbuilding and Marine Engineering Co. announced Thursday it will set up an institute for training high school graduates.The company said that the institution, which will be headed by the company’s chief technology officer Lee Yeong-man, will put high school graduates through a four-year tra
IndustrySept. 8, 2011
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Daewoo International buys Indonesia palm oil firm
Daewoo International Corp., the country’s largest grain trader, announced Thursday it has acquired an 85 percent stake in an Indonesian palm oil producer, upping the ante for its overseas agricultural business.Through the 57 billion won ($53 million) deal with PT. Bio Inti Agrindo, Daewoo plans to c
IndustrySept. 8, 2011
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Suicide top cause of death for under 40s
Suicide was the main cause of death for Koreans aged 40 or younger in the past year, followed by accidents and cancer, Statistics Korea said Thursday. The government agency report said the country’s suicide rate was the highest among member nations of the Organization for Economic Cooperation and De
Sept. 8, 2011
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SK E&C ships world’s largest crude column
The crude column produced by SK Engineering and Construction Co. sits on board the Dutch ship that will carry it to the United Arab Emirates at an Ulsan port on Wednesday. (SK E&C)SK Engineering and Construction Co. announced Thursday that it shipped the largest ever crude column to the United Arab
IndustrySept. 8, 2011
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New rules to prop up small SI firms
Korea considers banning corporate affiliates from public projectsThe government is considering banning system integration companies affiliated with conglomerates from competing for public sector SI projects for fear of stamping out the smaller players, the Ministry of Knowledge Economy said on Thurs
IndustrySept. 8, 2011
