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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Korea top foreign destination for Chinese
HONG KONG (Yonhap News) ― Korea was the top foreign destination for the Chinese outbound travelers during the first six months of this year, the Chinese government said Monday, suggesting that the neighboring country is attracting a growing number of Chinese tourists.China’s Ministry of Public Security said in an online statement that South Korea ranked the No. 3 destination after Hong Kong and Ma
IndustryJuly 18, 2011
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Water quality forecast planned for four rivers
Korea is set to adopt weekly forecasts of water quality near the four major rivers under a multi-billion dollar refurbishment project next month in a bid to better control water pollution there, the Environment Ministry said Monday.The government plans to start the weekly forecast of water conditions in key stream spots of the Han, Nakdong, Geum and Yeongsan rivers in August. The preliminary Augus
IndustryJuly 18, 2011
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Top British art school to hold workshop here
The Royal College of Art, a prestigious London-based art school, plans to offer design workshops for Korean students, the Ministry of Knowledge Economy said Monday.Two week-long courses will take place July 18-22 in Seoul and July 25-29 in Daegu.These are the first events where students can directly learn from RCA professors here. The curriculum borrows from the institution’s innovation design eng
IndustryJuly 18, 2011
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More SMEs see positive changes from shared-growth project
Small- and medium-sized enterprises say that positive changes have been seen since Sept. 29 when the government drew up a comprehensive plan to promote shared-growth, the Ministry of Knowledge Economy said Monday.According to the ministry, which inspected 12 industrial complexes to gauge SMEs’ sentiments, more SMEs responded that large firms were adopting measures promoted under the project.Change
IndustryJuly 18, 2011
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Makgeolli boom driven by exports to Japan
Shipments of makgeolli soared last year largely driven by a recent surge in exports to Japan, data showed Monday. A total of 412,000 kiloliters of the Korean rice wine were shipped here in 2010, up 58.1 percent from the previous year, according to the National Tax Service.In the local alcohol beverage market still dominated by soju, a Korean distilled beverage made from rice and other starches, an
IndustryJuly 18, 2011
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Korean fake bills increase 8.4% in H1
The number of counterfeit South Korean banknotes rose 8.4 percent in the first half from a year earlier mainly due to a jump in the discovery of fake banknotes in the second-highest denomination, the central bank said Monday.The number of counterfeit bills found in the country reached 5,153 in the January-June period, compared with 4,755 the previous year, according to the Bank of Korea. Compared
IndustryJuly 18, 2011
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Hyundai Heavy to set up switchgear plant in Russia
Hyundai Heavy Industries announced Monday that it will establish Hyundai Electricsystems in Vladivostok, Russia, that will produce gas insulated switchgears.Gas insulated switchgears are equipment used to control electricity flow, and to cut off power if a fault occurs in a power supply system.The company said it will invest 40 billion won ($38 million) in building the plant, and that the facility
IndustryJuly 18, 2011
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Samsung’s mobile chief bullish on smartphones, tablet PCs
Samsung Electronics Co. is expected to outdo its smartphone sales target this year, with the popularity of its latest Android devices and upcoming bada phones, which run on its own mobile software, and a ramp-up in low-cost smartphones, Samsung’s mobile and camera chief said Monday. The world’s second-largest maker of mobile phones, which competes with Apple Inc.’s iPad in the tablet PC sector, is
IndustryJuly 18, 2011
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Mulberry is world’s top fashion retailer
Mulberry Group Plc, the 40-year-old British luxury-handbag maker, is the world’s best-performing fashion retail stock over the past year and its sales may keep gaining, driven by overseas growth, analysts say.The stock has risen 506 percent to 1,720 pence in the past 12 months, making it best performer in the apparel retailers segment, according to Bloomberg data. Among all retailers, it’s behind
IndustryJuly 18, 2011
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Chrysler beats Ford in Canada as No. 1 light truckmaker
Chrysler Group LLC, benefiting from demand for its fuel-efficient crossover sport-utility vehicles, overtook Ford Motor Co. as the biggest seller of light trucks in Canada this year. Sales of light trucks, a category that includes pickups, minivans and SUVs, grew twice as fast as total auto deliveries in Canada in the first half, helped by growth in construction jobs. Chrysler led deliveries last
IndustryJuly 18, 2011
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Fend off liver cancer ― a nice coffee may help
Coffee has been demonized and blamed for many ailments including heart disease, but evidence has emerged that the drink might actually help prevent liver cancer.A study done in Singapore has found that the more coffee you drink, the more you lower your risk of liver cancer. If you take three or more cups a day, for example, your risk could be up to 44 percent lower than for a total abstainer. Hot
TechnologyJuly 18, 2011
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SKT rolls out education platform
Company aims for global expansion of service next yearSK Telecom, the country’s top mobile carrier, has introduced an education platform for tablet PCs called “T Smart Learning,” to be rolled out next month.In partnership with Chungdahm Learning, SKT joined hands with 12 education institutes in Korea, including Daesung, YeaRimDang Publishing, Daekyo, Neungyule Education and Visang to create the co
IndustryJuly 18, 2011
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SKT wants Hynix to bolster telecom business
SK Telecom’s latest bet for a stake in Hynix Semiconductor is not as reckless as the markets would like to believe. The telecom company’s recent decision to bid for the world’s No.2 memory chipmaker was actually a plan devised by parent company SK Group to gain more leverage in the telecom and handset industry via memory technology, industry sources told The Korea Herald on Monday.“SK knows that h
IndustryJuly 18, 2011
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Chanel set to cut prices of key products
SEOUL, July 18 (Yonhap) -- French fashion company Chanel S.A. will soon cut prices of its key items such as garments and handbags by up to 10 percent after a free trade pact between South Korea and the European Union (EU) took effect early this month, industry sources said Monday.But the French fashion firm has yet to decide the timing of the price cuts, according to the sources. Under the free tr
IndustryJuly 18, 2011
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Saunas, hospitals warned over water bacteria
Health authorities found higher than normal levels of legionella bacteria in 40 bathhouses, saunas and hospitals in Seoul.The bug can lead to Legionnaires’ disease, a potentially fatal form of pneumonia, whose symptoms include chills, high fever, cough, fatigue, muscle aches and headaches. (MCT)Young children, the elderly and anyone with a weak immune system are the most susceptible.The city gove
TechnologyJuly 18, 2011
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Falls, eye test may give clues to Alzheimer's
PARIS (AP) -- Scientists in Australia are reporting encouraging early results from a simple eye test they hope will give a noninvasive way to detect signs of Alzheimer's disease.Although it has been tried on just a small number of people and more research is needed, the experimental test has a solid basis: Alzheimer's is known to cause changes in the eyes, not just the brain. Other scientists in t
TechnologyJuly 18, 2011
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Long rainy season deepens price concerns
Prices of vegetables, fruit and coffee rapidly escalatingA prolonged rainy spell is deepening concerns over increases in consumer prices. The government had expected the nation’s consumer price index, which hovered at 4.3 percent in the first half of the year, would stabilize in the latter half at 3.7 percent. But, coupled with high oil prices, the long rainy season is adding to uncertainty about
July 17, 2011
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CEOs control outside directors at financial firms
Flawed recruitment methods render system virtually meaninglessOutside directors at South Korea’s banks and financial firms have been mostly nominated by their largest shareholders and chief executives, undercutting their roles as corporate watchdogs, financial regulators’ data showed on Sunday. Officially, a neutral committee is supposed to name eligible outside directors, whose primary function i
July 17, 2011
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Trade with EU rises after FTA takes effect
South Korea is witnessing a clear increase in trade volume with the European Union after a free trade agreement between them took effect on July 1.The Korea Customs Service said Sunday that the exports and imports with the EU amounted to $1.48 billion and $1.65 between July 1-13, an increase of 19 percent and 16 percent, respectively. The customs agency said that the newly signed FTA may have driv
July 17, 2011
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Strained inter-Korean ties unlikely to last: official
Inter-Korean relations are unlikely to remain perpetually tense, a high-level government official said Sunday, signaling that the government is willing to continue efforts to improve ties despite recent troubles caused by the North's disclosure of details of secret talks with the South."The door to dialogue remains open," the official told reporters, requesting not to be named due to the sensitivi
IndustryJuly 17, 2011
