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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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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Industry experts predicts tough choices as NewJeans' ultimatum nears
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Seoul shares open sharply lower on U.S. losses
South Korean stocks opened sharply lower on Friday as overnight panic selling on Wall Street froze investor sentiment here, analysts said.After opening 3.81 percent down, the benchmark Korea Composite Stock Price Index (KOSPI) sank below the 1,800-point mark. In the first 15 minutes of trading, KOSP
Aug. 19, 2011
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Samsung, LG try to shake Android claims
Samsung and LG, the nation’s top two electronics companies, appeared to be bristling at claims from Google’s Andy Rubin that he had unsuccessfully pitched the Android operating system to them.In the Wall Street Journal’s Aug. 17 edition, Rubin was quoted as saying he had made the proposals to both S
IndustryAug. 18, 2011
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LG Uplus acquires most wanted radio spectrum
Company plans to use the 2.1 gigahertz radio spectrum late next yearLG Uplus is enjoying a positive outlook after it was made official Wednesday that the firm would take home the 2.1 gigahertz radio spectrum to be used for fourth generation network technologies.The Korea Communications Commission, t
IndustryAug. 18, 2011
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Hyundai Motor Group chief scores big in stock earnings
Among the heads of the nation’s top 30 conglomerates, Hyundai Motor Group chairman Chung Mong-koo saw the highest increase in his market shares following the latest stock market volatility, a market researcher said Thursday. The market capitalization of stock holdings owned by Chung increased to 7.5
IndustryAug. 18, 2011
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Korea’s retail rivals seek Vietnam expansion
Lotte Mart plans third outlet in 2013; E-Mart to open first Hanoi store next year, 52 outlets by 2020Just two years have passed since Vietnam opened its retail sector to foreign businesses on a full scale. The Vietnamese market has grown so quickly that sales and service revenue in the retail sector
IndustryAug. 18, 2011
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Coupang aims for NASDAQ listing
Korean social commerce firm Coupang said Thursday it is aiming to be listed on the U.S. stock market by 2013 after cementing its position as the country’s top electronic commerce company.Kim Bom-suk, chief executive of the company, said it will also enter the overseas market to compete with global i
IndustryAug. 18, 2011
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Korean, Australian regulators sign MOU on resource sharing
Korea’s financial regulators will sign a memorandum of understanding with its counterpart in Australia, the Australian Prudential Regulation Authority, to collaborate in inspecting illegal financial activities, a senior financial official in Seoul said on Thursday.Financial Supervisory Service Gov.
Aug. 18, 2011
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NPS reshuffles key investment posts
Chairman shows determination to cut collusive links with brokeragesNational Pension Service chairman Jun Kwang-woo replaced staff in four key posts responsible for the fund’s investment decisions Thursday, revamping the organization under fire for its staff’s involvement in corruption scandals.The w
Aug. 18, 2011
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Seoul shares dive 1.7%
South Korean stocks sank 1.7 percent on Thursday as investors sold off tech and shipbuilder stocks following the recent rally, analysts said. The local currency lost ground against the U.S. dollar.The benchmark KOSPI slumped 32.09 points to 1,860.58, ending a two-session gaining run. Trading volume
Aug. 18, 2011
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Foreign IBs see rate freeze for rest of year
Major foreign investment banks are betting that South Korea’s central bank may freeze its key interest rate for the rest of the year, citing an increase in external economic uncertainties, data showed Thursday.The Bank of Korea froze the benchmark rate at 3.25 percent last week for the second straig
Aug. 18, 2011
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Hanwha E&C to build world’s largest domed arena near Manila
Korean builder strives to become one of the world’s 100 largest construction firmsHanwha Engineering and Construction Corp. began work on the world’s largest domed arena in the Philippines on Thursday.The work for the $175 million contract, signed on Aug. 4, got underway in a ceremony attended by Ha
IndustryAug. 18, 2011
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S. America new investment hub for Korean firms
SK, POSCO, Hyundai Motor, LG seek resources, new markets in the regionKorea’s leading businesses are making their forays into Latin America, which has emerged as a favored destination among global investors for its growing economy, ample natural resources and robust domestic demand.SK, POSCO, Hyunda
IndustryAug. 18, 2011
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Korean banks curb household lending
Commercial banks have started to reduce household lending under the policy of enhancing risk management against a possible growth in overdue loans. A client looks a details of a loan at a bank in Seoul on Thursday. (Yonhap News)Among the banks are Woori, Shinhan and the National Agricultural Coopera
Aug. 18, 2011
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Kia Motors ranks 10th in China's auto market
HONG KONG (Yonhap News) – South Korea's second-largest automaker, Kia Motors Corp., ranked 10th in terms of China's auto market share during the first seven months of this year, company officials said Thursday.Kia Motors said it sold 222,158 units of vehicles in China from January to July, up
IndustryAug. 18, 2011
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Hyundai Group heiress to wed next month
Chung Ji-yi, executive vice president of Hyundai U&I and eldest daughter of Hyundai Group chairwoman Hyun Jeong-eun, is to be wed next month, industry sources said.Chung’s groom-to-be is employed at a foreign financial company in Japan and reportedly has no ties with the conglomerate community here.
IndustryAug. 18, 2011
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‘Seaweed may improve hearing’
Eating kelp, one of the most favored seaweeds in Korea, could help improve hearing ability, a group of doctors here said Tuesday, raising hopes for those with hearing difficulties. According to Dr. Moon In-suk of Chung Ang University Medical Center and Dr. Choi Jae-young of Severance Hospital, the s
TechnologyAug. 18, 2011
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St. Mary’s Hospital opens heart clinic
The Seoul St. Mary’s Hospital opened the “Heart One-Stop Clinic” inside its Cardiovascular Center on the second floor of its main building. The center provides all examinations needed for diagnosis on the very day of the check-in: CT, 24-hour blood pressure check ups, angiography, ultrasonography am
TechnologyAug. 18, 2011
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Warning on use of hair remover
The Korea Food and Drug Administration on Wednesday advised people not to use deodorant or perfume right after using depilatory products to remove hair. According to its report, skin rashes or swelling can occur when deodorant or perfume is applied after depilatory use because of the alcohol content
TechnologyAug. 18, 2011
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15 minutes of daily exercise can help lengthen life: study
LOS ANGELES (AP) ― Don’t despair if you can’t fit in the recommended 30 minutes of daily exercise. Growing evidence suggests that even half that much can help.It’s still no excuse to slack off. Regular exercise strengthens muscles, reduces the risk of some diseases and promotes mental well-being. Th
TechnologyAug. 18, 2011
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Do you know about male menopause?
Men are sometimes thought to be stronger and healthier than women. However, this perception can be easily disproved by taking a look at a simple statistical review. Lee Sung-wonThe mortality rate of men in their 40s is more than three times the rate of women. Women are likely to outlive
TechnologyAug. 18, 2011
