Going into hospital far riskier than flying: WHO

 

TechnologyJuly 22, 2011

Red meat market widens for Australia, U.S., Canada

Red meat market widens for Australia, U.S., CanadaBy Cynthia J. KimImported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth disease outbreak in the past year.And competition in the imported beef market is set to become fiercer as Canada will soon resume its

IndustryJuly 21, 2011

Power bloggers face tax probe

NTS faces legal roadblock to getting portals to offer info about bloggersThe National Tax Service said Thursday it has requested that the country’s major Internet portals provide the personal information of some 1,300 power bloggers on concerns they might be evading taxes. “Early this week, we have asked five to six blog operators including Naver, Daum and SK Communications to offer information ab

TechnologyJuly 21, 2011

SKT sets up new social enterprise in Seoul

SK Telecom said Thursday it established a social enterprise called Happy ICT Foundation in southwestern Seoul, together with another social enterprise affiliated with the group.The new social enterprise will support the information technology infrastructure of other social enterprises that require assistance. Affordable IT service solutions and consulting services will be provided and shared with

IndustryJuly 21, 2011

LG Display fails to swing into black in Q2

LG Display failed to swing into the black in the second quarter of this year due to sluggish market conditions but narrowed its operating deficit to 48.3 billion won ($45.6 million) from 23.9 billion won in the previous quarter.Quarterly net profit reached 21.3 billion won, up from the 115.4 billion won deficit it recorded in the first quarter, the Seoul-based display-maker said on Thursday. “We f

IndustryJuly 21, 2011

Hynix’s sales edge down, but profit rises from Q1

Hynix Semiconductor, the world’s second-largest computer memory chip maker, announced Thursday it posted 2.76 trillion won in sales and 447 billion won in operating profit for the second quarter.The figures are down from the same period last year, 16 percent in sales and 56 percent in operating profit. Net income reached 473 billion won ($449 million).“The second quarter started off with demand gr

IndustryJuly 21, 2011

Korea ranks 56th in gold reserves

South Korea ranked 56th in terms of gold holdings, one notch higher from a year earlier, but its reserves remained relatively small compared with other nations, data showed Thursday.Korea’s gold holdings came to 14.4 tons as of July this year, the 56th largest among 113 countries and organizations surveyed by the World Gold Council, an international body that offers key information about gold.Kore

BusinessJuly 21, 2011

No sign of dispute-end at SC First Bank

SC First Bank and its labor union, staging the longest walkout in the industry, are increasingly under pressure to strike a deal to end the dispute after the fight resulted in its lowered credit rating and intense scrutiny from the regulator.About half of its 6,500 workforce has been on strike since June 27 to protest against the proposed introduction of a performance-based pay system. The bank wa

IndustryJuly 21, 2011

Hyundai Steel looks to expand Japanese contracts

Hyundai Steel is pushing the drive to expand its presence in the Japanese market for steel plates for ships, with up to four new supply contracts looking likely to be closed during the second half of the year.The company, which began producing thick steel plates in April 2010, has been supplying thick plates to Japanese construction firms and machinery makers since September. According to the comp

IndustryJuly 21, 2011

‘BRICS, U.S. difference is in ideas’

Participants agreed that the mainstay of economic growth is leaning to emerging markets led by BRICs — Brazil, Russia, India and China — since a financial calamity in 2007.JEJU ― Leaders in the country’s business circle and academia underscored the significance of innovation and speed in surviving the rapidly changing economic environment. Around 600 business leaders, scholars and government offic

IndustryJuly 21, 2011

Seoul shares slip 0.46% on foreign selling

South Korean stocks ended 0.46 percent lower on Thursday, as foreign investors continued to sell amid persistent concerns related to the U.S. debt ceiling issue and the eurozone debt crisis, analysts said. The local currency climbed against the U.S. dollar.The benchmark Korea Composite Stock Price Index retreated 9.91 points to 2,145.04. Trading volume was moderate at 358.6 million shares worth 7.

July 21, 2011

Manufacturers post net cash outflow in 2010

South Korean manufacturing companies chalked up a net cash outflow in 2010 as they revved up capital spending and securities investments, the central bank said Thursday.According to a survey of 6,778 manufacturers by the Bank of Korea, their average net cash outflow came to 248 million won ($235,000) last year, a turnaround from a net inflow of 1.01 billion won the previous year.“Last year, local

July 21, 2011

20 percent of alcoholics are diabetic: study

Two out of every 10 alcoholics here suffer diabetes, too, recent research suggests. A study by Prof. Kim Dae-jin of the Catholic University on 226 male alcoholics from April-November 2009, saw 20.4 percent diagnosed with diabetes. The portion is twice that of non-alcoholics, the team said. Another 30.2 percent were diagnosed with impaired glucose tolerance, which is perceived as a step before diab

TechnologyJuly 21, 2011

Free checkups to be given to multiracial children

The Korean Medicine Service Team Abroad, a group of young Oriental medical doctors, will be providing free medical examinations for children of multiethnic families through Sunday at the Seoul Character/Licensing Fair in Coex, Seoul. At the festival dedicated to children’s welfare and fun, the doctors will provide free examinations on atopic dermatitis, rhinitis and various allergic reactions. The

TechnologyJuly 21, 2011

Ewha hospital wins JCI accreditation

Ewha Womans University Medical Center earned accreditation from Joint Commission International on Monday. The hospital said it was tested on a total of 1,221 factors and passed. The JCI evaluation categories range from price to safety, hygiene, technology, facilities and more.The approval from the internationally acclaimed medical facility evaluation organization will allow the hospital to expand

TechnologyJuly 21, 2011