CEO Kim says company is developing ‘second generation’ electric car batteriesLG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to carve out a leading share of global markets. He also talked about LG Chem’s vision for its people, and how that vision helped turn the company around since he came to office in 2006, a time when LG Chem was

CompaniesMay 11, 2011

The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development.However, organizers also have a host of cultural events to entertain visitors.During the 93-day expo, more than 3,200 performances and other cultural events will take place within the grounds.The performances and events planned

IndustryMay 11, 2011

Organizing committee steps up efforts for flawless Exposition opening next MayThe International Exposition Yeosu Korea 2012 is now a year away from its opening and its organizers are stepping up the efforts to bring preparations to a smooth close. The event, held under the theme “Living Ocean and Coast” will be held in Yeosu, South Jeolla Province from May 12 to Aug. 12.According to the Expo organ

IndustryMay 11, 2011

(Yonhap News)NEW YORK (AP) - Google Inc. unveiled its long-planned music service Tuesday, but it will likely need deals with the recording industry to reach its full potential.Called ``Music Beta by Google,'' the service lets users store their tunes remotely and access them from any compatible device, including mobile phones, tablets and computers. So far, it does not offer music downloads or song

TechnologyMay 11, 2011

Rice allows one to work out nearly 50 percent longer than bread and is more effective in reducing cholesterol, a new study suggested.The Korea Food Research Institute unveiled the result of its recent research on the health effects of Koreans’ staple food in a public forum on Wednesday.In a test on university students, researchers measured how long they can perform exercise after eating rice or br

TechnologyMay 11, 2011

Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board

IndustryMay 11, 2011

Hyundai Motor Co. is boosting its presence in the U.S. luxury sedan market with its Genesis and Equus vehicle grabbing influential shares of sales.The automaker saw its Genesis sedan capture more than 10 percent of the U.S. market in the mid-luxury class for the first time last month.According to Autodata Corp., sales of the Genesis came to 2,648 units in April, up 16.9 percent from a year earlier

IndustryMay 10, 2011

Samsung Electronics chairman Lee Kun-hee left for the International Olympic Committee’s headquarters in Lausanne, Switzerland, on Tuesday.PyeongChang, like all cities bidding to host the 2018 Winter Olympics, is to participate in an official technical briefing at the organization’s headquarters from May 18-19. Lee is one of the IOC’s 110 members. Lee was escorted by his son Lee Jae-yong, a preside

IndustryMay 10, 2011

Prime minister to visit the port city to drum up supportEvents marking the start of the 365-day run up to the International Exposition Yeosu Korea 2012 kicked off Tuesday with a concert and celebrations in Yeosu, South Jeolla Province.The three-month expo will be held at the southern port city from May 12, 2012 until Aug. 12. The upcoming expo is the second international exposition held in Korea,

IndustryMay 10, 2011

Consumers are attracted by efficiency, but don’t want them to control their livesA refrigerator that’s so smart it automatically updates you on what food should go in the trash. A washing machine that can diagnose its’ own malfunctions and suggest the right fix. These are not home appliances from the next century; they are the gadgets available to the smarter users of today.LG Electronics in April

IndustryMay 10, 2011

U.N. Climate change panel says 80% of energy needs could be met by renewables by 2050ABU DHABI (AFP) ― Renewable energy could meet nearly 80 percent of the world’s energy needs by mid-century and play a crucial role in fighting global warming, the U.N.’s climate scientists said Monday in a major report. The 194-nation Intergovernmental Panel for Climate Change said renewable sources had grown rapi

IndustryMay 10, 2011

BEIJING (AP) ― China reported an unexpectedly large April trade surplus, likely fueling U.S. pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.China’s global trade surplus widened to $11.4 billion as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed Tuesda

IndustryMay 10, 2011

EU officials say Greece may need more help with debt as S&P downgrades Greek bondsLONDON (AP) ― Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout.Experts from the European Union and the International Monetary Fund

IndustryMay 10, 2011