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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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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Toyota recalls 114,000 hybrid vehicles worldwide
Toyota Motor Corp said it would recall about 114,000 hybrid cars in Japan, Europe and the United States because of faulty transistors in control boards.Toyota said it would conduct a voluntary safety recall in the U.S. involving about 45,500 Highlander hybrid sports utility vehicles and 36,700 Lexus RX 400h sports utility vehicles.Some transistors in the recalled cars were “inadequately soldered a
MobilityJuly 3, 2011
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Korean carmakers fly high on exports
Toyota and other Japanese car sales down more than a fifth in JuneLocal automakers led by Hyundai, Kia and SsangYong reported all-time high sales with double-digit growth in the first half, benefiting from the demand-drop for Japanese vehicles after the March earthquake.Domestic sales at Hyundai Motor Co., the industry leader, jumped 7.2 percent on-year to 344,422 units in the January-June period.
MobilityJuly 3, 2011
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Porsche Cayenne surging in China
Porsche CayenneChina surpassed the U.S. as the world’s largest car market on sales of sedans. Future growth lies with sport-utility vehicles. SUV deliveries rose 30 percent this year through May, compared with a 6 percent gain for total passenger-car sales, according to the China Association of Automobile Manufacturers. Sales of SU
MobilityJuly 3, 2011
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Audi’s convertible supercar targets Ferrari
Audi AG is taking aim at Ferrari SpA with a convertible version of the R8 GT supercar, as the Volkswagen AG unit hones a high-end sporty image in its quest to overtake Bayerische Motoren Werke AG as the luxury-car leader. The R8 GT Spyder, Audi’s most expensive series production car, boasts carbon-fiber in the front and rear spoilers to reduce weight and help the car accelerate to 100 kilometers p
MobilityJuly 3, 2011
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BMW widens sales of luxury cars in U.S.
Bayerische Motoren Werke AG’s BMW brand outsold Daimler AG’s Mercedes-Benz last month, expanding its lead as the top-selling luxury auto brand in the U.S. so far this year.BMW’s U.S. sales, helped by deliveries of the new 5 Series sedan and sport-utility vehicles, rose 13 percent last month to 21,637 compared with a year earlier, the Munich-based automaker said yesterday in a statement.Mercedes sa
MobilityJuly 3, 2011
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HP targets iPad with new tablet
Jon Rubinstein, senior vice president and general manager of Hewlett-Packard Co.’s Palm business unit, holds HP’s TouchPad tablet device during the Uplinq conference in San Diego, California. (Bloomberg)NEW YORK (AFP) ― U.S. technology giant Hewlett-Packard rolled out its new TouchPad tablet computer on Friday, seeking to dethrone the dominant Apple iPad and revive its slumping fortunes.The TouchP
IndustryJuly 3, 2011
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KT chief calls for an end to unlimited data plan
By Cho Ji-hyun A key executive at KT Corp. urged its rival mobile operator to take back its unlimited data usage scheme as telecom firms are struggling to deal with the rising ammount of data consumed by smart gadget owners. In a recent interview with The Korea Herald, Pyo Hyun-myung, president of mobile business unit at KT, said it is the best option for its rival company, which was the first to
TechnologyJuly 3, 2011
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Three-month-old babies recognize human voices
(MCT)A British study showed three-month-old babies recognize human voices and can distinguish emotions from the sound, the Daily Mail reported.The research from the Institute of Psychiatry at King’s College London tested 21 infants, aged between three months and seven months, by monitoring brain activity through an MRI scan after playing recorded noises made by machines, human sounds and squeaking
TechnologyJuly 3, 2011
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Seoul bourse expected to gain ground next week
SEOUL, (Yonhap) -- South Korea's stock market is expected to continue its upward movement next week as worries over the Greek debt crisis were eased and investors' outlooks for major economies could improve, analysts said Saturday.The country's key stock index, the Korea Composite Stock Price Index (KOSPI), gained 1.67 percent, or 34.93 points, to close at 2,125.74 on Friday. The bourse got off to
July 3, 2011
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KEB to pay out record interim dividends
Korea Exchange Bank (KEB) decided Friday to pay out an interim dividend of 1,510 won ($1.42) per share for the second quarter, a move that will allow its biggest shareholder Lone Star Funds to rake in large profits. This marks the record amount of quarterly dividends that Korea's fifth-largest lender has ever paid out, enabling U.S.buyout fund Lone Star to receive dividends worth 496.8 billion won
July 1, 2011
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Embattled Samsung LCD unit absorbed into new division
Samsung on Friday merged Samsung’s Electronics’ embattled liquid crystal display unit into a newly created Digital Solutions division to be headed by Kwon Oh-hyun, chief executive of the company’s semiconductor business.Chang Won-kie, chief executive of the LCD unit, was removed from his post to become adviser to Kwon in a move that industry watchers saw to be a demotion criticizing Chang’s role f
IndustryJuly 1, 2011
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Mobile apps open up new channel to explore Korea
While a number of blogs and homepages are already offering a wide range of detailed information about Korea for visitors in English and other languages, the same segment is still in its infancy in the universe of mobile apps.But it’s too early to give up yet. Though the number of related apps for iPhone and iPad users is small, a dozen apps deserve attention. More importantly, the outlook appears
TechnologyJuly 1, 2011
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Honda recalls faulty motorbikes
Honda Korea plans to voluntarily recall 32 units of its Shadow 750 motorcycles due to manufacturing defects that could cause engines to stall unexpectedly, the country’s Transportation Ministry said Thursday.The decision resulted from a malfunction in bank angle sensors, which are designed to turn off the engine only when the motorbikes fall onto its side, according to the manufacturer.The recall
IndustryJuly 1, 2011
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Hynix CEO new head of chip association
Kwon Oh-chul, chief executive of Hynix Semiconductor, on Friday was inaugurated as the chairman of the Korea Semiconductor Industry Association. Kwon became the first executive not come from Samsung Electronics to become chairman. Kwon’s term will be until March of 2013. Kwon Oh-chul“Semiconductor demand has been sluggish on the back of a slower than expected recovery in the global economy, makin
IndustryJuly 1, 2011
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SC First union prolongs condo strike
Unionized workers at SC First Bank are expected to drag out their strike for an extended period of time in opposition to the management’s push for a performance-based pay system.The dispute between the management and workers continued as about 3,000 workers went on strike for a fifth day on Friday, leading to customer concerns of a prolonged walkout.The local unit of Standard Chartered Plc is tryi
IndustryJuly 1, 2011
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Builders’ H1 overseas contracts drop 35%
The value of overseas contracts won by Korean construction firms during the first half of the year fell 35 percent compared to the same period last year, industry data showed Friday.According to the International Contractors Association of Korea, local construction firms won 243 contracts during the first six months of the year, the combined value of which came in at $23.6 billion.In comparison, t
IndustryJuly 1, 2011
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Men five times more likely to be struck by lightning than women
Men are about five times more likely to be killed by lightning because they are more reckless, a recently survey showed. AccuWeather.com., a U.S. online weather service, has recently unveiled the result of its survey of lightning-related deaths that occurred in the U.S. from 1995 to 2008. (AP)Of 648 people killed by lightning, men accounted for 82 percent. This year, there have been six such death
TechnologyJuly 1, 2011
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Daum debuts real-time child Location service
Daum Communication is launching a new location service that allows parents to check children’s whereabouts in real time by accessing to its website (childcare.daum.net).The Daum Childcare service, which operates on SK Telecom’ mobile networks, provides street and aerial views of children’s locations to help parents identify their surroundings easily.Parents can set a certain area where children fr
TechnologyJuly 1, 2011
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Korean firm named among final bidders for Indonesian sub project
A Korean shipbuilder has been picked among the final candidates to export submarines to Indonesia, officials here said Friday.According to the Defense Acquisition Program Administration (DAPA), Daewoo Shipbuilding and Marine Engineering Co. will compete with a French company for the project."The project is worth about $1 billion," an official with the DAPA said. "Companies from Germany and Russia
IndustryJuly 1, 2011
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Korea's consumer prices rise 4.4% in June
Korea's consumer prices rose at a faster pace in June, raising concerns that inflationary pressure is mounting despite the government's price stability efforts, a report showed Friday.According to the report by Statistics Korea, the country's consumer price index rose 4.4 percent last month from a year earlier, quickening from the previous month's 4.1 percent gain. The figure represents the sixth
July 1, 2011
