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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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Opposition leader awaits perjury trial ruling
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LG Display may try to increase capital
Despite its recent decision to drastically cut investment, LG Display, the world’s leading LCD-maker, will have a hard time fending off a paid-in-capital increase, according to industry sources.“Everything will weigh on how the company finishes the year, because at the end of the year, the chances a
IndustryAug. 1, 2011
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Doosan chairman emphasizes quality over quantity
Doosan Group chairman Park Yong-hyun on Monday said the company must focus on qualitative growth.In a message posted on the company’s intranet to mark its 115th anniversary, Park said that the company should now focus on qualitative growth and that it should continue trying harder despite its achiev
IndustryAug. 1, 2011
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Hana Financial, bank unit under tough probe
FSS says scrutiny includes banking unit’s lending to Lone StarThe Financial Supervisory Service is probing Hana Financial Group and Hana Bank over several key issues including their loans totaling 1.5 trillion won ($1.42 billion) to U.S.-based Lone Star Funds, officials said on Monday.The other issu
Aug. 1, 2011
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Hyundai-Kia, Ssangyong sales jump in July
Ssangyong Motor Co., South Korea’s smallest automaker, said Monday its sales surged 46.1 percent to a monthly high in July, fueled by strong exports and domestic demand.The company sold a record 10,763 vehicles last month, compared with 7,369 units a year earlier. Domestic sales rose 28 percent on-y
IndustryAug. 1, 2011
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Tax revenues hit record high last year
Tax revenues hit a record high last year as income and corporate taxes increased amid improving economic conditions, government data showed Monday. The National Tax Service said that it collected a total of 166.15 trillion won ($157.9 billion) last year, compared with 154.33 trillion won tallied a y
Aug. 1, 2011
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Consumer prices jump 4.7% in July amid inflation concerns
South Korea’s consumer prices jumped 4.7 percent in July from a year earlier, staying above the government’s target inflation rate of 4 percent for the seventh month in a row amid growing worries over its impact on the overall economy.The year-on-year figure in July marked a bigger jump than the 4.4
Aug. 1, 2011
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Daewoo Securities launches English stock trade program
Daewoo Securities said on Monday it has launched an English-language online home trading system targeting foreign investors interested in the Korean stock market.The new trading software named “Qway ENG” allows foreign investors to handle trades of Korean stocks, KOSPI200 futures and options, aided
Aug. 1, 2011
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IBK seeks to boost assets by 64 percent by 2015
In the long-term, the bank said it would solidify its market position as a comprehensive financial services provider.The state-run Industrial Bank of Korea said Monday it aims to boost its assets to 300 trillion won ($285 billion) and secure as many as 1 million corporate clients by 2015.IBK said th
Aug. 1, 2011
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BOK sees continued inflationary pressure
South Korea’s inflationary pressure is unlikely to lose steam during the remainder of the year, the top central banker said Monday, pointing to the country’s uphill battle to curb inflation.“The annual growth rate of consumer prices will slow starting in September due mainly to high price levels a y
Aug. 1, 2011
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Financial industry’s growth hits 6-year low
Growth of the South Korean financial industry hit a six-year low in the first half due mainly to the struggling savings bank sector and insurers’ poor track records, data showed Monday.The local financial industry expanded 1.6 percent on-year in the January-June period, the slowest gain since a 0.2
Aug. 1, 2011
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Big companies join power-saving drive
Corporations seek consulting services to conserve energy, cut costsThese days, SK Group’s headquarters in downtown Seoul starts making ice at 11 p.m. The ice produced overnight cools the building the next day. The “thermal energy storage” system helps the group reduce its peak electricity costs for
IndustryAug. 1, 2011
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Radiation-free food bolsters Korea’s exports to Japan
South Korean food exports to Japan are climbing at the fastest pace on record after radioactive contamination and supply disruptions prompted consumers to switch to overseas producers.Sales of watermelons, tuna and noodles led a 38 percent jump in South Korea’s shipments of food to its Asian neighbo
IndustryAug. 1, 2011
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Gas engines at center of fuel efficiency drive
IndustryAug. 1, 2011
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Auto industry could lead U.S. recovery
IndustryAug. 1, 2011
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China manufacturing exceeds estimates
A Chinese manufacturing index was higher than economists estimated in July, signaling the world’s second-biggest economy is withstanding higher interest rates and tightened credit. The Purchasing Managers’ Index was at 50.7 for July compared with 50.9 in June, the China Federation of Logistics and P
IndustryAug. 1, 2011
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HSBC to sell 195 branches for $1b
IndustryAug. 1, 2011
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Bangkok property boom on the rise
A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble.Variously described on Internet forums as looking “like it has been eaten by giant termites” and reflect
IndustryAug. 1, 2011
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Apple seeks to block Samsung Electronics from selling tablet in Australia
Apple Inc. escalated its legal dispute against Samsung Electronics Co. by requesting an Australian court to block the South Korean company from selling the newest version of its tablet computer in the country. The Samsung Galaxy Tab 10.1 infringes 10 Apple patents, including the “look and feel,” and
TechnologyAug. 1, 2011
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Children being treated for anorexia
Children as young as five are receiving treatment for eating disorders, according to data from the British National Health Service.In past three years, 98 children between the age of five and seven were hospitalized for anorexia, while another 99 youngsters between eight and nine visited specialists
TechnologyAug. 1, 2011
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Chewing more helps weight loss: research
Chewing food more helps people consume less food and lose weight, a new study has shown.According to researchers from Harbin Medical University in China, those who chewed food 40 times consumed about 12 percent less calories than those who chewed only 15 times.The study is posted on the latest versi
TechnologyAug. 1, 2011
