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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Samsung paying the price with Apple feud: Ahn
Samsung is no match for Apple, IT guru Ahn Cheol-soo said in a recent interview with The Korea Herald, stressing that Samsung is paying the price for failing to create and encourage original platforms. “The vibes we are getting from abroad on the situation are quite different from what we are feeling in Korea,” Ahn said. Apple and Samsung are currently embroiled in a bitter legal dispute over lice
IndustryJuly 13, 2011
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Kimberly-Clark plans innovation center here
U.S. company says Korea is at the forefront of technologies and inventionsKimberly-Clark Corporation said Wednesday that it will establish its first overseas global innovation center in Korea as early as January.The U.S. households and personal care products manufacturer has already been operating its only Innovation Center Asia in Giheung, Gyeonggi Province, since 2007. While the current center w
IndustryJuly 13, 2011
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Woori’s global ranking highest among lenders
Woori Finance Holdings Co., South Korea’s No. 2 banking group, ranked 72nd last year on the list of the world’s 1,000 largest lenders by core capital, the highest spot among local lenders, the central bank said Wednesday.A total of nine South Korean banks made the list last year, the same number as the year before, the Bank of Korea said in a report based on the July edition of The Banker magazine
IndustryJuly 13, 2011
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CJ O launches channel in China
CJ O Shopping said Wednesday that its Chinese joint venture launched its second home shopping channel in China and started digital broadcasts.Dongbang CJ, the joint venture with Shanghai Media Group in China, has acquired channel number 20 and broadcasts its home shopping programs digitally around the clock to 2.5 million digital cable TV viewers in Shanghai, according to CJ O Shopping, formerly C
IndustryJuly 13, 2011
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Trade pact to give Korean drinkers more choices for less
European distilleries and wineries set out to aggressively tap the local market as a free trade agreement with Korea began scrapping tariffs on alcoholic beverages.Although the markets for wine and whisky have been booming in recent years here, heavy duties on imported bottles have limited choices of local drinkers. Under the deal, 15 percent tariffs on wine were removed on July 1, the first day o
IndustryJuly 13, 2011
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N.Y. college Incheon campus OK’d
SUNY at Stony Brook plans to open school in Songdo next Feb.The State University of New York at Stony Brook received the nod from the Incheon Free Economic Zone Authority for its plan to set up a campus in Songdo next year, the Ministry of Knowledge Economy said Wednesday.The U.S. institution plans to open graduate school classes at the Songdo Global University Campus in the Incheon FEZ starting i
IndustryJuly 13, 2011
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Money supply growth hits 7-year low in May
Korea’s money supply grew at the slowest clip in more than seven years in May as the government’s tax receipt rose and foreign stock funds flowed out of the country, the central bank said Wednesday.The country’s M2, a narrow measure of its money supply, reached 1,690.5 trillion won ($1,587 trillion) in May, up 3.7 percent from a year earlier, according to the Bank of Korea.The May number slowed fr
July 13, 2011
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LG Display to build China plant in Dec.
LG Display Co., the world’s second-largest maker of liquid crystal display panels, will likely break ground on a new plant in China before December, an industry source said Wednesday. The company pushed back an initial plan to start construction of its eighth generation LCD plant in Guangzhou during the first half of this year, as panel prices continued to trend downwards. Despite the downturn in
July 13, 2011
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SK Innovation given green light to sell Brazil venture
The Brazilian government approved the sale of SK Innovation’s Brazilian subsidiary to Denmark’s Maersk Oil, the Korean refiner announced Wednesday.The deal, which the company plans to close within one month, was first signed with the Danish firm in December and will see SK Innovation handing over its Brazilian subsidiary, SK do Brasil, to Maersk Oil for $2.4 billion.SK do Brasil was established in
IndustryJuly 13, 2011
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VMware moves closer to customers with new solutions
At the top of VMware’s priorities for Korea, a nation becoming actively engaged in cloud computing, are plans for buttressing the firm’s localization initiative and moving closer to the business of its customers.“We need to get closer to the business of our customers and need to move up much closer, more to the consulting at the business level and become more vertically aligned so that our solutio
TechnologyJuly 13, 2011
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OPEC sees slower growth in 2012 oil demand
IndustryJuly 13, 2011
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China’s economic growth slows to 9.5%
China’s economy grew at a slower pace last quarter, a moderation that may ease inflation pressures in the world’s second-biggest economy. Gross domestic product expanded 9.5 percent from a year earlier, the statistics bureau said in Beijing Wednesday, after a 9.7 percent gain in the first quarter. That compared with the median 9.3 percent estimate in a Bloomberg News survey of 18 economists. Indus
IndustryJuly 13, 2011
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IMF urges Italy to take ‘decisive’ action on deficit
WASHINGTON (AFP) ― The International Monetary Fund urged Rome to be decisive on cutting its deficit Tuesday as investors dumped Italian bonds and the country’s leaders rushed to pass a massive austerity plan.Amid worries that Italy could follow Greece and Portugal into a financial maelstrom and require a bailout, the IMF praised Italy’s reform program that has already cut its current deficit to 4.
IndustryJuly 13, 2011
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Chinese secure first top post at IMF
IndustryJuly 13, 2011
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Scientists grow first stem cell tooth
TechnologyJuly 13, 2011
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Number of smartphone users tops 15 mln in S. Korea
SEOUL, July 13 (Yonhap) -- The number of smartphone subscribers in South Korea hit 15 million this week, according to data from the country's three mobile operators released Wednesday. South Korean smartphone subscribers numbered 15.35 million as of Monday, including 7.8 million users at the industry leader SK Telecom Co., 5.45 million at KT Corp. and 2.1 million at LG Uplus Corp., the mobile carr
TechnologyJuly 13, 2011
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Half of Americans watch videos during work
About half of American adults watch online videos unrelated to work while on the job, a U.S. survey showed. Men watch twice as often as women.The study showed that 25 percent watch news clips and 15 percent view viral videos. Other popular choices were sports (11 percent) and television shows (9 percent). Some are bold enough to view full-length feature films (4 percent) and even pornography (3 p
TechnologyJuly 13, 2011
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Secondhand smoking linked to behavioral disorders in children
A new research revealed that children from households with smokers are more likely to develop behavioral disorders and learning problems than those from smoke-free homes.The findings were released in the journal “Pediatrics.”It was traditionally thought that secondhand smoke causes health problems for children including respiratory difficulties. A woman lights a cigarette for a photograph in New Y
TechnologyJuly 13, 2011
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S. Korea's jobless rate falls to 3.3 pct in June
South Korea's jobless rate declined in June from a year earlier as the nation added more jobs, helped by robust exports and expanded industrial output, a government report showed Wednesday.The jobless rate stood at 3.3 percent last month, down from 3.5 percent a year earlier, according to the report by Statistics Korea. It was, however, slightly higher than 3.2 percent in May.Job creation appears
July 13, 2011
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Stocks dragged down by EU debt woes
Seoul stocks tumbled 2.2 percent Tuesday, stretching losses for a third day on worsening euro zone debt crisis and disappointing U.S. market performance overnight.The benchmark KOSPI slipped 2.2 percent to close at 2,109.73. KOSDAQ lost 1.55 percent and closed at 490.63.“This week, in large, is an adjustment period digesting the euro zone contagion fear as well as the weak unemployment data in the
July 12, 2011
