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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S. Korea not to attend Sado mine memorial: foreign ministry
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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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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
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Korea, Europe now in one market
The Korea-EU Free Trade Agreement took effect Friday, beginning the process of removing tariffs on more than 20,000 items produced in Korea and the EU.Negotiations over the pact, which began in May 2007, came to a close in October 2009 when the agreement was penciled in, and in October 2010 the agreement was formally signed by the leaders of Korea and the EU.Under the agreement, tariffs on 11,261
June 30, 2011
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Korea cuts growth forecast, raises inflation outlook
Finance Minister Bahk Jae-wan addresses a news conference on Thursday. (Yonhap News)Growth outlook lowered to 4.5%, inflation likely to be 4% this yearThe government has cut its growth forecast for the economy and raised the outlook for inflation this year, backing off from its ambitious growth plan due to weakening consumption and persistent price hikes. In a downbeat assessment of Asia’s fourth-
June 30, 2011
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KEPCO eyes spot among world’s top five power firms
Celebrating 50 years in business, company hopes to nearly triple annual sales by 2020Korea Electric Power Corp. is hoping to more than double its annual revenue as it drives for a spot among the world’s five largest energy companies.The company, which has its 50th anniversary on Friday, is aiming for annual sales of 85 trillion won ($79 billion), of which 26 trillion won will be raised from overse
June 30, 2011
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Hyundai-Kia chief stresses best quality
Hyundai Motor Group chairman Chung Mong-koo has called for employees in the United States to prioritize producing vehicles with “advanced” quality.His remarks are in line with Hyundai Motor and its affiliate Kia Motors’ road map to catch up with European and Japanese carmakers from its earlier business strategy focused on product stabilization.Chung visited a sales corporation of Hyundai-Kia in Lo
IndustryJune 30, 2011
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SKT, LG Uplus to start commercial LTE services
SK Telecom Co. and LG Uplus Corp. plans to start commercial services of the “Long Term Evolution” mobile technology to usher in the long-awaited era of fourth-generation wireless networks, the companies said on Thursday. LTE is cited as the next-generation mobile technology following the current 3G, and promises to offer an Internet data transmitting speed of up to five to seven times existing net
IndustryJune 30, 2011
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Samsung seeks to bar Apple’s U.S. sales
Korean company asks U.S. commission to block imports of mobile devicesSamsung Electronics has taken another legal step in its strife with Apple Inc. by requesting that the U.S. International Trade Commission block the import of overseas-made iPhones, iPads and iPods into the U.S.Samsung’s complaint involves all “mobile electronic devices, including wireless communication devices, portable music an
IndustryJune 30, 2011
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Watchdog mulling further lowering bank loan-to-deposit ratio to 90%
Korea’s financial watchdog said Thursday it may require local banks to lower their loan-to-deposit ratio to the 90 percent range in a bid to stem excessive growth of household debt.Lowering the loan-to-deposit ratio, a gauge of a bank’s solvency, was one of a set of measures to curb snowballing household debt unveiled on Wednesday. Household debt, which surpassed 800 trillion won ($747.3 billion)
June 30, 2011
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Industrial output grows 8.3%
Korea’s industrial output kept growing for the 23rd straight month in May, raising hopes the nation’s economic recovery is gaining momentum, a government report showed Thursday.According to the report by Statistics Korea, production in the mining and manufacturing industries expanded 8.3 percent last month from a year earlier, quickening from 6.9 percent growth in April.On-year production has expa
June 30, 2011
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Shinhan Financial mulls M&A ...in securities, insurance sector
Shinhan Financial Group is considering taking over at least one financial company in the stock brokerage and insurance market in the coming months or years.Chairman Han Dong-woo, who took office 100 days ago, unveiled the group’s future strategies, including the mergers and acquisitions project during a news conference in Seoul on Thursday.“It is necessary for us to seek opportunities to expand th
June 30, 2011
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FTA: EU and Korea trade and investment moves into top gear
EU Ambassador Tomasz Kozlowski speaks during a news conference on Thursday. (Yonhap News)On July 1 a historic Free Trade Agreement will come into effect between two important actors on the world trade scene: the EU and Korea. The EU-Korea FTA is a landmark agreement. It is the most ambitious ever FTA negotiated by the EU with a partner outside Europe and the first FTA with a country in Asia. The E
June 30, 2011
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Study suggests cereals stem metabolic syndrome
A cereal and vegetable-based diet reduces the risk of metabolic syndrome, a group of researchers announced Tuesday. According to a study of 9,850 adults between 2001 and 2005 by Prof. Kim Ji-hye of Daegu University and Prof. Cho In-ho of Ewha Womans University, Koreans generally have four diet patterns: rice with kimchi; meat and alcohol; coffee and sugar; and cereal, vegetables and fish.The team
TechnologyJune 30, 2011
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Bacchus, Madecassol to be sold at supermarkets
Forty-eight health products previously requiring prescription will be available at supermarkets and 24-hour convenience stores nationwide from August, the Ministry of Health and Welfare said Wednesday. The products include caffeine drink Bacchus; Madecassol and Antiphramine, both antiseptic ointments; digestion aid Whal Myung Soo and others, mostly cough drops, digestion solutions, pain killers, m
TechnologyJune 30, 2011
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After gastric bypass, some battle new addictions
ORLANDO, Florida ― Andrew Kahn thought after he got his weight under control, his problems would be over. Instead, he, like many gastric-bypass-surgery patients, traded his food addiction for an alcohol habit.“Drinking for me became like eating used to be ― instant satisfaction,” said the 60-year-old resident of southern Florida. “But I eventually realized food and alcohol were cover for me not ta
TechnologyJune 30, 2011
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Battling kids’ bladder troubles
Children can develop many different types of urological disease. Unlike adults, small children have difficulty describing their symptoms, which means that doctors often miss the best moment for treatment. This can lead to various pathological conditions arising from disease or injury, so special attention is required. The most common cause of urinary tract infections in children is vesicoureteral
TechnologyJune 30, 2011
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No cure yet for spine-fusing condition
The most widely used treatment is medication to relieve painIt is not unusual to feel back pain: it is common after sitting in one posture too long or standing still for a long period of time. But if the pain wakes you up in the middle of the night and is relieved by moving you should visit a doctor as it is possible you are developing ankylosing spondylitis. According to Pfizer, one of the world’
TechnologyJune 30, 2011
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Depression triggers all around us
Donuts, streetlights, pills, the Internet, cigarettes and cosmetic surgery are all everyday sparks that can cause depression, the Daily Mail reported. Although money and relationship matters are well-known causes of depression, experts revealed that our everyday activity ranging from eating behavior to exposure to the sun can also trigger depression.First, comfort foods such as donuts can lead to
TechnologyJune 30, 2011
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Temperatures in Korea to rise 6 degrees in 21st century
The National Institute of Meteorological Research announced that Korea’s average temperature will increase by 6 degrees centigrade by the end of the century if the current rate of economic growth continues without further actions to reduce greenhouse gas emissions.On Tuesday, the NIMR released the report based on the fifth report of Intergovernmental Panel on Climate Change, which is to be publish
TechnologyJune 30, 2011
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Samsung seeks U.S. import ban on Apple products
SEOUL, June 30 (Yonhap) -- Samsung Electronics Co., the world's second-biggest maker of mobile phones, said Thursday that it has filed a complaint with the U.S. International Trade Commission (ITC) against Apple Inc., seeking import bans on six Apple products, including the iPhone, the iPad and the iPod. Apple violated five patents of Samsung, including wireless communications technology and techn
IndustryJune 30, 2011
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Scientists discover brightest, earliest quasar
This artist's conception provided by the European Southern Observatory shows ESO's Very Large Telescope and a host of other telescopes' discovery of the most distant quasar found to date. This brilliant beacon, powered by a black hole with a mass two billion times that of the Sun, is by far the brightest object yet discovered in the early Universe. (AP-Yonhap News)LOS ANGELES (AP) _ A team of Euro
TechnologyJune 30, 2011
