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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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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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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S. Korea not to attend Sado mine memorial: foreign ministry
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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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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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KCC reviews Apple, Google response
IT powerhouses await government measures on privacy breach accusationsPrivacy breach accusations against Google and Apple are expected to take a new turn this week following their recent responses to questionnaires sent by state authorities earlier last month.The Korea Communications Commission said it formed a 16-member committee, which includes representatives from academic, engineering and legi
BusinessMay 15, 2011
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Samsung unveils new tech to get Apple
Samsung Electronics, despite its current legal squabble with Apple Inc., will out roll out so-called “Retina Displays” to secure demand from the California-based company and win a bigger share in the rapidly-growing tablet PC market. Samsung is expected to start mass-producing the displays by the end of this year, industry sources said. The new displays, based on the PenTile RGBW technology, will
IndustryMay 15, 2011
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Audi’s workforce to grow 17 percent by 2020
Volkswagen AG’s Audi luxury-car brand will increase its workforce by 17 percent through 2020 as the manufacturer expands production beyond Germany to meet growing demand in markets such as China and the U.S.“We’re expecting further growth over the long term beyond 2015,” Chief Executive Officer Rupert Stadler said a speech to be delivered today at the annual shareholders meeting in Neckarsulm, Ger
MobilityMay 15, 2011
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Hyundai Motor plans 1,000 rural outlets in India
Hyundai Motor may build a network of as many as 1,000 rural outlets and introduce a cheaper small car after losing market share to Ford Motor Co. and Volkswagen AG.“We are looking strongly at these markets and want to focus on growing our network there,” Arvind Saxena, the carmaker’s India director for sales and marketing, said in an interview yesterday in New Delhi. He declined to give a timefram
MobilityMay 15, 2011
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Kia prices Optima hybrid at $26,500
Kia Motors America announced that its first hybrid, the 2011 Optima Hybrid, will be priced at $26,500. The Optima Hybrid, with an expected rating of 35 miles per gallon in the city and 40 on the highway, goes on sale in June.The gas-electric Optima shares its hybrid system with the Hyundai Sonata, which surprisingly carries a lower MSRP of $25,800. The full range of Optima trim levels are priced b
MobilityMay 15, 2011
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Mercedes unveils 2012 models
In the 2012 model-year most Mercedes-Benz vehicles are equipped with a more fuel-efficient 7-speed automatic transmission and increased power from direct-injection gasoline engines. That includes a new turbo four-cylinder, a normally aspirated V6 and bi-turbo V8s ― some with ECO Stop/Start technology.Many 2012 models also feature a new viewscreen with a 5.8-inch color display, Bluetooth audio stre
MobilityMay 15, 2011
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Young Koreans boost foreign auto sales
Thanks to globalization, uneasy public sentiment about foreign cars has waned in recent years.In particular, young Koreans have driven the change. Foreign automakers say the general sentiment has turned to “favorable” from “negative” as younger generations, born in the 1970s and 1980s, have become mainstream buyers.They also say the number of Korean female drivers of foreign-made cars has been inc
MobilityMay 15, 2011
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Obama to ramp up U.S. oil production
U.S. plans steps to speed up oil production but moves won’t calm gas prices any time soonWASHINGTON (AP) ― Amid growing public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska’s coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. But
IndustryMay 15, 2011
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Twitter symphony makes noise
An undergraduate student of Bournemouth University in England has created a “symphony” of Twitter feeds, the Daily Telegraph reported. Music technology student Sam Harman used a computer program to turn Twitter posts into sounds by giving each character its own distinctive tone. As a computer reads each Tweet, it plays a sound. The result is a collection of sounds similar to a xylophone. “The syst
TechnologyMay 15, 2011
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NY police question IMF head in hotel sex assault
IMF Managing Director Dominique Strauss-Kahn, speaks during a news briefing at the 2010 WB/IMF Spring Meetings in Washington. (AP-Yonhap News)NEW YORK (AP) ― The leader of the International Monetary Fund and a possible candidate for president of France was pulled from an airplane moments before he was to fly to Paris and was being questioned Saturday by police in connection with the sexual assault
May 15, 2011
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Korean high-speed train halts again due to brake system malfunction
High-speed KTX-Sancheon train was launched in March, 2011. (Yonhap News)CHILGOK - A high-speed KTX-Sancheon train from Seoul abruptly stopped Saturday in the southern part of the country for nearly an hour due to an apparent malfunction in its brake system, officials said.The train came to an unscheduled halt at 3:13 p.m. near Gimcheon, some 234 kilometer south of Seoul, on its way to Masan on the
IndustryMay 15, 2011
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BOK holds key rate at 3 percent
Contrary to the market’s initial projection of a rate hike to tame inflation, the Bank of Korea kept the benchmark interest rate unchanged for a second month at 3 percent Friday.The BOK’s decision followed a decline in consumer and producer prices in April, helped by fresh spring food crops and recent gains in the Korean won. BOK Governor Kim Choong-soo (Yonhap News)Still, it came as unexpected to
May 13, 2011
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Samsung Heavy filed for 1,099 patents in 2010
Samsung Heavy Industries Co. applied for 1,099 patents last year, industry sources said Friday.The company is the first in the industry to have applied for more than 1,000 patents in one year.During the same period, the world’s largest shipbuilder Hyundai Heavy Industries Co. applied for 844 patents, while Daewoo Shipbuilding and Marine Engineering Co. made 665 patent applications. According to in
IndustryMay 13, 2011
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Korean Air wins award for in-flight meals
Korean Air announced Friday that it received the top prize for in-flight meals in the 2011 World Traveller Awards.Organized by China’s largest travel magazine World Traveller, the annual event awards carriers that operate routes to China in 10 categories including in-flight meals.Korean Air said that it was selected for the award for its efforts in raising the quality and diversity of in-flight me
IndustryMay 13, 2011
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BOK needs power to supervise banks: chief
The Bank of Korea should be given rights to supervise financial institutions independent of other financial authorities, BOK Governor Kim Choong-soo said Friday.Speaking after the monthly rate review meeting, Kim said that the central bank should be able to conduct independent supervision under “special circumstances.”“(The BOK) means to conduct (independent investigations) when a particular finan
May 13, 2011
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Pension authority to set up $830 million Asian fund
The National Pension Service on Friday said that it will select eight local asset managers to set up 900 billion won ($830 million) fund investing only in Asia. The NPS, the world’s fourth largest pension fund, said that it will start taking bids on May 26 to run the Pan-Asia Fund which will invest in stocks, bonds and commodities of China, India and other Asian countries.“We’re expanding our inve
May 13, 2011
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Plan to relocate LH Corp. to Jinju faces backlash
Opposition slams decision as politically motivated; Jeonju to get pension service insteadJinju in South Gyeongsang Province has been selected as the sole location of the state-run Land and Housing Corp., the Ministry of Land, Transport and Maritime Affairs announced Friday.The government had considered distributing the LH Corp. between Jinju and Jeonju in North Jeolla Province.The decision will be
May 13, 2011
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Global resource consumption to triple by 2050: U.N.
UNITED NATIONS (AFP) ― Global consumption of natural resources could almost triple to 140 billion tons a year by 2050 unless nations take drastic steps, the United Nations warned Thursday.A U.N. environment panel said the world cannot sustain the tearaway rate of use of minerals, ores and fossil and plant fuels. It called on governments to “decouple” economic growth from natural resource consumpti
IndustryMay 13, 2011
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China may limit rate increases after raising bank reserve ratio
China may limit interest-rate increases over the rest of the year, focusing on other tools for combating inflation as the government seeks to cool prices without choking off growth. The central bank Thursday raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for the nation’s biggest lenders to a record 21 percent. The
IndustryMay 13, 2011
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Debt crisis may still spread to core: IMF
IndustryMay 13, 2011
