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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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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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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Apple CEO pitches expansion to Calif. city council
CUPERTINO, California (AP) -- Its ubiquitous products have already invaded the tech marketplace, and now Apple Inc. is seeking a fitting new Northern California home: a massive spaceship-like structure that will house an estimated 12,000 employees. Apple CEO Steve Jobs (AP-Yonhap News)Apple CEO Steve Jobs made a surprise appearance at a Cupertino City Council meeting late Tuesday to announce plan
TechnologyJune 9, 2011
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Waking up with a foreign accent
An American woman named Karen Butler went to the dentist to remove several teeth and came out speaking a foreign -- slightly Irish -- accent. She is believed to be suffering from a rare neurological disorder called foreign accent syndrome (FAS). This complication was first diagnosed in Norway in 1941 when a woman was hit by shrapnel from an air raid in World War II. Since then, there have only be
TechnologyJune 9, 2011
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'Laughing' insects among new Philippine species
MANILA (AFP) – Laughing cicadas and small "cat sharks" are among scores of species believed new to science discovered by US and Filipino researchers in waters and islands of the Philippines, the team said Wednesday. Picture provided by California Academy of Sciences This picture provided by California Academy of Sciences shows species of starfish found by a team of US and Filipino researchers in w
TechnologyJune 9, 2011
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Samsung’s Lee rages at internal corruption
Samsung Techwin president resigns over undisclosed corruptionSamsung Electronics chairman Lee Kun-hee stressed the need to beef up the company’s auditing functions in the aftermath of a corruption scandal at a Samsung affiliate that led to the resignation of its chief executive.“The unblemished image of Samsung’s organizational culture has been marred,” the Samsung Group owner said. Lee expressed
IndustryJune 8, 2011
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Koreans most inclined to buy smartphones
Koreans are the most eager among global consumers to purchase a smartphone, Nielsen, a global information research firm, said on Wednesday.Half of South Korean consumers without the smart device responded in a survey by Nielsen that they would purchase a smartphone in the future.The figure was the highest among global consumers also surveyed by Nielsen, the company said.About one-fifth of the 50 m
IndustryJune 8, 2011
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Samsung showcases high-quality solar cell technology at German fair
Samsung Electronics is featuring high-quality solar cell technology at the Intersolar Europe 2011 held in Munich, Germany, from June 8-10.Under the catchphrase of “Samsung Delivers High Efficiency,” the company presented solar modules, which were made through screen-printed solar cells, according to Samsung officials.It will show 260-watt crystalline white commercial module and 250-watt premium bl
IndustryJune 8, 2011
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POSCO buys stakes in U.S. nanocarbon manufacturer
POSCO announced Wednesday it has acquired control of U.S. graphene nanoplate manufacturer XG Sciences, boosting the world’s fourth-largest steelmaker’s bid to transform into an all-round materials developer. Graphene is a transparent nano-carbon material that has electric conductivity and flexibility. It is widely used as an electrode in various industrial materials, energy and electronic devices.
IndustryJune 8, 2011
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LG Electronics to hire more disabled people
LG Electronics said Wednesday that it will hire up to 800 disabled people by next year, double its existing number of disabled staff.The hiring will be part of the company’s plan to employ workers in the fields of research and development, production, marketing and business support until June 15. Applications will be accepted at the firm’s website (www.lge.co.kr).“LG Electronics expects to meet th
IndustryJune 8, 2011
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City car sales rise to record on fuel prices
City car sales rose to a new record during the first five months of the year, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association, 75,495 units of city cars ― automobiles with engine displacements of up to 1 liter ― were sold here during the first five months of the year.Compared to the same period last year, the figure is an increase of 16.4 percent. In com
IndustryJune 8, 2011
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Kang clashes with GNP over mega-bank
KDB Financial Group chairman Kang Man-soo has clashed with lawmakers of the governing Grand National Party over the issue of launching a mega-bank here.Kang, a close confidant of President Lee Myung-bak, is pushing ahead with a merger between KDB Financial and public fund-injected Woori Financial Group. KDB Financial Group chairman Kang Man-sooBut, aside from opposition lawmakers, a group of GNP l
June 8, 2011
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FSC moves to roll over bad loans
Regulator instructs savings banks to secure sufficient cashThe financial authorities are moving to extend the maturity of bad loans the government purchased from savings banks in a bid to ensure a soft landing for the distressed industry.Between 2008 and 2010, the state-run Korea Asset Management Corp. acquired bad loans of savings banks. The latter are supposed to repurchase the loans in three ye
June 8, 2011
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Q1 growth revised down to 1.3%
The Korean economy expanded at a slower pace than estimated by the central bank in the first quarter on weak domestic demand.The gross domestic product grew 1.3 percent in the January-March period, falling short of the 1.4 percent estimate made in April, the Bank of Korea said Wednesday. Though the strongest performance in three quarters, the lower than expected figure reflects domestic demand mak
June 8, 2011
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Decentralizing business essential for R&D growth
Academics call for stronger IP protection and incentives for R&D programsFamed scholars of management consulting said decentralizing Korea’s business model driven by a few conglomerates is essential for inclusive growth based on innovations by smaller businesses.Management experts including Hermann Simon, author of “Hidden Champions of the 21st Century,” and Harvard University professor George Whi
June 8, 2011
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Hyundai, Samsung shipyards clash in drillship market
(Left) Hyundai Heavy Industries CEO Lee Jai-seong(Right) Samsung Heavy Industries CEO Roh In-sikKorean shipbuilders dominate global market with Hyundai Heavy challenging SamsungThe competition in the market for drillships is heating up with Hyundai Heavy Industries Co. threatening Samsung Heavy Industries Co.’s dominance. As drillships represent something of a golden egg for shipbuilders, a drills
IndustryJune 8, 2011
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Nintendo debuts Wii successor
LOS ANGELES (AP) ― Nintendo has introduced the world to the Wii’s touchy new big brother: the Wii U.The Japanese gaming giant on Tuesday unveiled the Wii video game console’s successor, which will broadcast high-definition video and feature a touchscreen controller that can detect motion and interact with what appears on a television display. Satoru Iwata, president of Nintendo Co., introduces the
IndustryJune 8, 2011
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Obama warns on debt at Merkel talks
WASHINGTON (AFP) ― U.S. President Barack Obama warned Europe’s debt crisis must not destabilize the global economy, as he laid on an effusive White House welcome for German Chancellor Angela Merkel.Obama and Merkel had extensive talks about the plight of debt-stricken Greece, which needs a second huge financial bailout, despite some reluctance from some eurozone members to stump up fresh funds.“I
IndustryJune 8, 2011
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Diamond Jubilee blended scotch whisky
To mark the Queen's diamond jubilee in 2012, the world's biggest drinks company said it plans to produce a limited edition scotch whisky costing £100,000 ($152,465) a bottle. John Walker & Sons said the limited edition of 60 crystal decanters of `Diamond Jubilee Blended Scotch Whisky by John Walker & Sons` is a unique blend of whiskies distilled in 1952 and finished in a marrying cask of English o
IndustryJune 8, 2011
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German girl accidently throws biggest birthday party
A 16-years-old German girl had the biggest birthday party ever in Hamburg with some 1,500 guests after she posted the invitation on Facebook.About 11 people had to be detained by the police, while one officer was injured due to the sheer size of the unexpected crowd. The birthday girl, known only by her given name Thessa, posted the invitation for her party on her Facebook page. However, she accid
TechnologyJune 8, 2011
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A birth-control pill for men?
Contraceptive pills for men could be developed soon, Daily Mail reported Tuesday.Scientists at Columbia University in New York claimed that they have developed “a drug which temporarily stops sperm production without causing any long-term harm to male fertility.”Scientists have been trying to come up with a male equivalent of the pill for years, but have not yet succeeded.The new pill impairs the
TechnologyJune 8, 2011
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Solar flare could disrupt Earth communications
WASHINGTON (AFP) – An unusual solar flare observed by a NASA space observatory on Tuesday could cause some disruptions to satellite communications and power on Earth over the next day or so, officials said.The potent blast from the Sun unleashed a firestorm of radiation on a level not witnessed since 2006, and will likely lead to moderate geomagnetic storm activity by Wednesday, according to the N
TechnologyJune 8, 2011