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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Kakao Talk moving to launch Internet call services
Competition is heating up between mobile messenger operators in Korea as Kakao Talk, the formidable smartphone application, appears to be developing its internet phone call services. Industry watchers said Sunday the venture firm has been recruiting engineers who have experience in mobile voiceover Internet protocol, technology that enables voice and multimedia communications between users via bro
IndustryJuly 24, 2011
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Hyundai’s Chung pushes hybrid car marketing
Hyundai Motor Group chairman Chung Mong-koo has instructed his staff to actively publicize at home and abroad that Hyundai Motor and Kia Motors have become global players with competitive technologies. Chung Mong-kooDespite marked growth in overseas sales, Hyundai and Kia had failed to garner international acknowledgement in the core technology sector.But this year, Chung’s pride and promotion str
MobilityJuly 24, 2011
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Prada Korea shuns good causes
Prada Korea transferred most of its net profits for 2009 to its parent firm, while providing nothing in the way of social contributions to Korea, placing the company among foreign firms accused of turning a blind eye to social causes.The Korean vendor of the Italian fashion brand is wholly owned by Prada Far East, based in the Netherlands. According to Prada Korea’s regulatory filings, more than 1
IndustryJuly 24, 2011
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Foreign capital liquidity...tops regulatory agenda
Policymakers worried about EU debt crisisThe nation’s chief financial regulator has picked stabilization of the foreign exchange market as the most urgent task in the financial market.Over the weekend, Financial Services Commission Chairman Kim Seok-dong pledged to put priority on securing liquidity in banks’ foreign currency trading, saying that the issue was “the No. 1 regulatory target for this
July 24, 2011
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Mitsubishi takes positive view on green cars
MobilityJuly 24, 2011
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Kia launches K2 on Chinese market
Kia Motors Corp., South Korea second largest carmaker, has launched the small-medium K2 sedan in China. Kia’s compact sedan K2. (Yonhap News)More than 500 prominent figures, including Chinese government officials and executives from Hyundai Automotive Group, attended the function in Chengdu, Sichuan province, on July 20.Kia officials said K2 is a compact car strategically designed for Chinese cust
MobilityJuly 24, 2011
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Renault Samsung’s departing CEO proud of growth
Jean-Marie Hurtiger, the outgoing CEO of Renault Samsung Motors Co., expressed satisfaction over the achievements in his nearly six-year reign and urged the company to continue localizing automotive components. Jean-Marie HurtigerIn his final official interview as chief, Hurtiger said he is proud to have renewed all of RSM’s vehicles, including the SM3, SM5, SM7 and QM5, as well as leading its cus
MobilityJuly 24, 2011
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Kia’s focus on design bears fruit
Kia Motors Corp., the nation’s second-largest carmaker, is increasingly betting on cutting-edge design to expand its market share, and the effort is showing off.Kia vehicles were taking over the first ever Automotive Brand Contest organized by the German Design Council in the past week. It was the winner in four categories. It was ranked “Best of the Best” after the compact Sportage SUV, Rio and a
MobilityJuly 24, 2011
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Porsche eyes supercar for growth
Porsche AG may develop a supercar positioned higher than the 911 GT2 RS to broaden its line-up and sustain growth as orders cool from record deliveries last year. The car could be combined with additional variants of the Cayman and Boxster as well as extended-wheelbase and convertible versions of the Panamera four-door coupe, Bernhard Maier, Porsche’s sales chief, said in an interview. It would ai
MobilityJuly 24, 2011
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Kakao Talk moving to launch internet call services
Competition is heating up between mobile messenger operators in Korea as Kakao Talk, the formidable smartphone application, appears to be developing its internet phone call services. Industry watchers said Sunday the venture firm has been recruiting engineers who have experience in mobile voiceover Internet protocol, technology that enables voice and multimedia communications between users via bro
TechnologyJuly 24, 2011
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Prada Korea sends most of earnings to overseas parent
Prada Korea transferred most of its net profits for 2009 to its parent firm, while providing little in the way of social contributions to Korea, placing the company among foreign firms accused of turning a blind eye to social causes.The Korean vendor of the Italian fashion brand is wholly owned by Prada Far East, based in the Netherlands. According to Prada Korea’s regulatory filings, more than 15
IndustryJuly 24, 2011
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Tall people more likely to get cancer
Research suggests that tall people are at greater cancer risk as the likelihood of developing the disease rises by 16 percent for every extra 10cm in height in both sexes, the Telegraph reported.Dr. Jane Green and her colleagues, who published the finding in The Lancet Oncology, point to two reasons for such correlation.“One possible reason is fairly obvious -- tall people have more cells so there
TechnologyJuly 24, 2011
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Fake Kia ad stripped of Cannes award
Creatives of a Brazilian campaign agency, Moma Propoganda, have been banned from next year’s Cannes Lions International Festival of Creativity after they used fake Kia Motors ads to win two awards at the Cannes awards.Intended to promote the Kia Sportage’s dual-zone hot-and-cold climate control feature, the agency creatives illustrated family-friendly images on one side, juxtaposed with adult fant
IndustryJuly 24, 2011
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S. Korea's GNI forecast to jump to $30,000 by 2014: finance minister
JEJU ISLAND, South Korea, July 23 (Yonhap) -- South Korea's gross national income (GNI) is forecast to grow to $30,000 per capita by 2014 before increasing by an additional $10,000 in the four years that follow, the finance minister said on Saturday."Our country's gross national income may exceed $30,000 in the first quarter of 2014 and $40,000 in 2018," Finance Minister Bahk Jae-wan said in a for
July 23, 2011
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SC First Bank’s striking workers to fly to London for protest
The striking labor union at SC First Bank said that it would fly to Britain on Saturday to visit the bank’s headquarters in London as part of its fight against management in Korea.Speaking at a news conference in Seoul on Friday, the union members said they plan to hold a joint news conference with Britain’s labor organizations and to request a meeting with Standard Chartered PLC CEO Peter Sands.T
July 22, 2011
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Milk shortage continues due to heat wave
On Thursday afternoon, Jeong Hyun-sook, a 55-year-old housewife, belatedly realized she did not have enough milk for breakfast. She rushed to a nearby supermarket but all she could find was organic milk, which was almost twice the price of ordinary milk. “A clerk said that the milk shelf often becomes empty earlier than usual recently. I was just stunned,” she said.Jeong eventually bought two 200-
IndustryJuly 22, 2011
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‘Carmakers to see reduced surplus from revised FTA’
The modified Korea-U.S. free trade agreement will bring in less surplus for domestic carmakers than had initially been forecast, a government report said Friday. The FTA, signed in 2007 and modified in November is expected to expand local carmakers’ trade surplus by $488 million annually, $53 million less than the equivalent figure under the earlier terms agreed. The two nations agreed to scale ba
IndustryJuly 22, 2011
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Big companies hire more ex-officials as directors
Affiliates of South Korea’s top 30 conglomerates employed more former government officials as outside directors this year, data showed Friday, amid escalating criticism of the practice.A total of 308 former government officials were working as outside directors at the 1,140 affiliates of the leading conglomerates as of end-June, up from 256 a year earlier, according to the data compiled by local r
July 22, 2011
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HTC may switch to Samsung chips
Smartphone manufacturer HTC Corp. is considering switching to Samsung’s mobile application processors in a move that may help the local electronics maker extend its market share, industry sources said. A man checks out items for his new HTC EVO smart phone at the Sprint store in Los Angeles, California (MCT)HTC currently uses Qualcomm processors. Qualcomm accounts for more than 40 percent of the g
IndustryJuly 22, 2011
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Fake Apple store opens in China; even employees are fooled
Amid increasing popularity of Steve Job’s products around the globe, fake Apple stores that pretend to be authentic are opening in China. A motorcyclist passes by a shop masquerading as a bona fide Apple store in downtown Kunming in southwest China's Yunnan province. China (AP-Yonhap News)Not only did the stores in Kunming disguised themselves to be official retail chains, the products sold there
TechnologyJuly 22, 2011
