The Korea Herald

Illegal capital outflow almost triples: data

Illegal capital outflow has almost tripled here over the past five years, a lawmaker revealed Thursday citing the data from Korea Customs Service. A total of 22 cases of assets moving abroad illegally were confirmed last year, up from six in 2006, according to Rep. Kwon Kyoung-seok of the ruling Gra

IndustryAug. 11, 2011

Greek economist warns on Korea’s ‘welfare populism’

A prominent Greek university professor and economist has warned South Korea not to repeat his country’s economic mistakes, calling the plan to give free school meals to all students “irresponsible.”“Is it a matter of equality? Of course not. Why middle class Seoul citizens, maybe with no children, s

Aug. 11, 2011

Greek economist warns on Korea’s ‘welfare populism’

Kookmin Bank investing heavily in stocks: sources

South Korea’s top lender Kookmin Bank has invested a large amount of money in stocks in an apparent bid to seize on the recent market tumble, industry sources said Thursday.Kookmin Bank, the flagship of No. 1 bank holding firm KB Financial Group Inc., entrusted its affiliate KB Asset Management with

Aug. 11, 2011

Kookmin Bank investing heavily in stocks: sources

Baby boomers give birth to new industries

Elderly care robots, meal delivery and health products rental create niche marketsAt a nursing home in New Zealand, a Korean-made robot offers a blueprint for the future of old age. The silver-colored, kiosk-shaped robot monitors residents’ vital signs and biorhythm in real time, provides brain trai

IndustryAug. 11, 2011

Baby boomers give birth to new industries

Silver industry thrives to cater for baby boomers

All-in-one silver towns, job training all part of burgeoning new businessTo mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following is the

IndustryAug. 11, 2011

Silver industry thrives to cater for baby boomers

Japan machinery orders rise on earthquake rebuilding

Japan’s machinery orders rose for a second month in June as companies increased spending to restore businesses and production disrupted by the March 11 earthquake and tsunami. Factory orders, an indicator of capital spending in three to six months, rose 7.7 percent in June from May, the Cabinet Offi

IndustryAug. 11, 2011

France’s ‘AAA’ credit affirmed by S&P, Moody’s

France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as relative yields on the nation’s debt climb on concern that Europe’s sovereign debt crisis is intensifying. The outlook on France is stable and its “AAA” ranking is “warranted,” Moritz Kraemer,

IndustryAug. 11, 2011

Asia in balancing act as prices rise, growth weakens

SINGAPORE (AP) ― Asia batted away the global recession sparked by the 2008 financial crisis. Fending off the latest wave of market turmoil may prove tougher.World stocks were pummeled this week by the first-ever downgrade of the U.S. credit rating and evidence of stalling recoveries in the U.S. and

IndustryAug. 11, 2011

Asia in balancing act as prices rise, growth weakens

U.S. budget deficit tops $1tr

WASHINGTON (AP) ― The United States’ budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress on a long-term plan to shrink the growing imbalance.The Treasury Department said Wednesday that the deficit through July totaled

IndustryAug. 11, 2011

Korean Airport Corp. reappoints chief

Sung Si-chul, chief executive and president of Korean Airport Corp., has been reappointed, the state-run airport operator said Thursday.The decision reflects Sung’s achievement in transforming Gimpo International Airport into East Asia’s business hub over the three years, the company said in a state

IndustryAug. 11, 2011

Ahn favored most as boss

IT guru Ahn Cheol-soo was picked as the boss that salaried workers most want to work under, a survey released Thursday found. Ahn, who founded the computer vaccine developer AhnLab in 1995, one of Korea’s first-generation IT startups, got 46.9 percent of the vote in a survey of 796 salaried workers

IndustryAug. 11, 2011

Ultraviolet rays could trigger eye diseases

Ultraviolet rays, abundant in the sunlight, could prompt aging of the eyes, B&VIT Eye Center said Monday. “When the eyes receive ongoing exposure to ultraviolet rays, a variety of diseases could result including corneal burns, macular degeneration and cataract,” Kim Jin-kook, chief of the clinic, sa

TechnologyAug. 11, 2011

Health insurance corporation warns of sunburn

Beware of sunrays. According to the National Health Insurance Corporation, 16,962 were treated for sunburns in 2010, 10,856 of which sought treatment in July and August. Among the patients, the largest demographic were those in their 20s, followed by those in their 30s and those younger than 9. The

TechnologyAug. 11, 2011

What are stem cells?

Stem cells are drawing attention and playing an important role in advance therapy for incurableness diseases. Kim Dong-IkInternational competition in this area began a few years ago but notable treatment results have already been reported through clinical and preclinical trials. This yea

TechnologyAug. 11, 2011

Getting back to routine after vacation

For people who have enjoyed a summer holiday basking in the sun, it isn’t easy to get back into the routine of the rat-race. It’s not only a psychological issue ― the body also finds it difficult to fit back into this strained life. Sunburn, extreme fatigue and dermatitis can also leave a “massive a

TechnologyAug. 11, 2011

Study: Healthy eating means spending more at store

SEATTLE (AP) ― A healthy diet is expensive and could make it difficult for Americans to meet new U.S. nutritional guidelines, according to a study published Thursday that says the government should do more to help consumers eat healthier.An update of what used to be known as a food pyramid in 2010 h

TechnologyAug. 11, 2011

Pediatricians: Sports in heat OK with precautions

CHICAGO (AP) ― Playing sports in hot, steamy weather is safe for healthy children and teen athletes, so long as precautions are taken and the drive to win doesn’t trump common sense, the nation’s largest pediatricians group says.New guidelines from the American Academy of Pediatrics arrive just as s

TechnologyAug. 11, 2011

Pediatricians: Sports in heat OK with precautions

Seoul concerned by fresh capital inflow from U.S.

The government said it is worried about cheap credit in the U.S. destabilizing the local economy as large funds into the region could worsen inflationary pressure. “The U.S. Federal Reserve’s pledge to maintain zero interest rate policy in the medium term could destabilize other economies even if th

Aug. 11, 2011

Seoul concerned by fresh capital inflow from U.S.

Debate heats up over whether obesity can be contagious

Can obesity spread like a social virus? Scientists have rebutted highly publicized studies by two U.S. researchers, citing flawed methodology and data, the New York Times reported.In 2007, Nicholas Christakis at Harvard and James Fowler at the University of California revealed a study that indicated

TechnologyAug. 11, 2011

Asian stocks lower after Wall Street tumbles

BANGKOK (AP) -- Asian stock markets followed Wall Street lower Thursday as concerns mounted over the worsening debt crisis in Europe and a slackening global economy.Oil prices hovered below $83 a barrel, while the dollar slipped against the yen and the euro. Markets continued to wobble am

Aug. 11, 2011

Asian stocks lower after Wall Street tumbles