Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
S. Korea not to attend Sado mine memorial: foreign ministry
-
8
South Korean military plans to launch new division for future warfare
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
U.S. automakers draw big crowds
DETROIT (AP) ― Sharp designs with pizzazz, power and elegance helped pull in crowds during the public opening Saturday of the North American International Auto Show, with U.S automakers doing their best to impress consumers looking for signs of the industry’s recovery.Thousands of people from around the world filed from exhibit to exhibit inside the sprawling Cobo Center in Detroit. They perused t
IndustryJan. 16, 2011
-
Japan may raise rates due to ‘unhealthy’ debt picture
Japanese borrowing costs may rise if the country’s fiscal condition remains “unhealthy,” with bond sales exceeding tax revenue, the country’s new economy and fiscal policy minister said.“If the unhealthy situation continues for a long time, long-term interest rates will inevitably rise and hurt Japan’s global credibility,” said Kaoru Yosano at a news conference late Saturday in Tokyo after being a
Jan. 16, 2011
-
Lee inspects quarantine activities against animal disease
President Lee Myung-bak on Sunday instructed civil servants to step up efforts to stem the nationwide spread of livestock foot-and-mouth disease (FMD) ahead of the three-day Lunar New Year holidays to begin on Feb. 2. President Lee Myung-bak visiting Hoengseong in Gangwon Province to inspect the quaratine efforts against highly contagious livestock epidemic. (Yonhap News)Lee gave the instructions
TechnologyJan. 16, 2011
-
BOK chief calls for addressing global imbalances
BOK Gov. Kim Choong-soo (Yonhap News)South Korea's top central banker stressed on Sunday the need to address global imbalances in a bid to prevent global financial turmoil, calling for swiftly setting "indicative guidelines" for current account imbalances.In November, political leaders from the Group of 20 leading nations agreed to come up with indicative guidelines by the first half of this year
Jan. 16, 2011
-
S. Korea's inflation may grow in 4 pct-range in Q1: analysts
South Korea's consumer prices may grow in the 4-percent range in the first quarter, as rising raw material costs and food prices are putting upward pressure on consumer inflation, experts said Sunday.South Korea's central bank, the Bank of Korea (BOK), forecast the country's consumer prices to rise 3.5 percent this year, up from 2.9 percent in 2010. The bank's inflation projection stood at 3.7 per
Jan. 16, 2011
-
News Corp.'s launch of iPad newspaper is delayed
(News Corp. and iPad maker Apple Inc. have decided to delay the launch of The Daily.)NEW YORK (AP) _ News Corp. is pushing back the launch of the world's first iPad-only newspaper.The company declined to comment on why. But a person familiar with the matter, who spoke on condition of anonymity because the person was not authorized to disclose details, said Friday that News Corp. and iPad maker A
IndustryJan. 16, 2011
-
Women must wear bras at work: court
Bosses in Germany came out on top Wednesday in a court ruling that said they can insist female workers wear bras.The State Labor Court in North Rhine-Westphalia ruled on a case between an airport security agency and its employees, the British newspaper The Daily Mail reported. (MCT)Moreover, supervisors have the right to check the length of their female employees’ fingernails and insist that hair
Jan. 16, 2011
-
Government to probe savings banks
South Korea's state-run asset management corporation plans to conduct probes on real estate-related project financing operations under the control of local savings banks, a source said Saturday.The Korea Asset Management Corp. (KAMCO) source said 386 project financing projects are to be checked, as concerns have been raised about deteriorating conditions that can cause trouble for the lenders.Afte
Jan. 15, 2011
-
S. Korean shares to gain next week
South Korea's stock market is expected to continue doing well next week although gains will be more modest as investors may take on a more wait-and-see approach, local analysts said Saturday.The country's benchmark Korea Composite Stock Price Index (KOSPI) gained 18.69 points to close at a record high of 2,108.17 on Friday, a month after the bourse surged past the 2.000-point mark on Dec. 14.The K
Jan. 15, 2011
-
Regulator suspends Samhwa Savings Bank
More face suspension, M&AsThe Financial Services Commission has launched a massive restructuring of the secondary banking sector, halting operations of a leading savings bank Friday.The financial watchdog suspended the main business of Samhwa Savings Bank, headquartered in southern Seoul, for six months until Jul. 13 for its poorly-performed financial statements.Samhwa saw its debt come to 50.4 bi
Jan. 14, 2011
-
Refiners wary of political pressure to cut oil prices
Following Lee comments, officials move to rein in petroleum pricesThe presidential office and the antitrust regulatory body are poised to turn up the heat on major oil refiners in a drive to tame inflationary pressures.President Lee Myung-bak said Thursday that the prices of petroleum products need to be “carefully analyzed” to determine whether they are at “reasonable levels.”In addition, the Fai
IndustryJan. 14, 2011
-
Hyundai Motor signs deal on Hyundai E&C
Hyundai Motor Group signed a memorandum of understanding with creditors of Hyundai Engineering and Construction to take over the nation’s largest builder Friday.The MOU between the creditors, including Korea Exchange Bank, and the automobile giant is said to carry all the conditions found in that with Hyundai Group, which has been deprived of preferred bidder status due to its dubious funding plan
IndustryJan. 14, 2011
-
Sugar makers face antitrust investigation
The Fair Trade Commission has launched an investigation into the nation’s three major sugar manufacturers to see if they are implicated in irregular practices in pricing products, sources said Friday. The antitrust probe is aimed at examining their profit margins, distribution costs and other related factors to determine whether companies mark up prices too much, according to industry sources. Giv
Jan. 14, 2011
-
Chinese women take on `Man's World' with $400,000 Maseratis
Beijing resident Lily Liu has always liked driving fast, and she doesn’t mind spending to indulge that passion.Liu, 44, bought a gray Porsche AG 911 Carrera S two years ago for 1.2 million yuan ($182,000) and is shopping for an Aston Martin, the sports car made famous by James Bond movies. The construction company president said she is “quite proud” of being the center of attention when she motors
Jan. 14, 2011
-
Price controls expected to have limited effect
Seoul’s fresh plans to control inflation announced Thursday would provide only temporary relief to the market as authorities could do only so much to stabilize price volatilities aroused by overseas supplies, economists said. A pan-government task force headed by the Finance Ministry unveiled a package of action plans mobilizing all administrative power to secure supply of crops and freeze public
Jan. 14, 2011
-
Watchdog halts operations of troubled savings bank
South Korea's financial regulator on Friday suspended operations of an embattled savings bank as it accelerates efforts to restructure the savings banks industry distressed with souring construction loans. The Financial Services Commission (FSC) said it will suspend Seoul-based Samhwa Mutual Savings Bank for six months for failing to meet regulatory capital requirements. As of the end of July
Jan. 14, 2011
-
Obama gov't wants Congress to approve Korea FTA before July: Kirk
The Obama administration wants Congress to ratify the free-trade deal with South Korea before a similar pact between South Korea and the European Union goes into effect in July, the chief U.S. trade official said Thursday. "Our goal is to hand this agreement to Congress before the EU trade agreement goes into effect on July 1," U.S. Trade Representative Ron Kirk told a forum here. "Everything we
Jan. 14, 2011
-
SKT to launch 30 smartphones this year
Nation’s biggest mobile carrier also plans to release up to five tablet PCsSK Telecom Co., Korea’s No. 1 mobile operator, said on Thursday it plans to roll out around 30 new smartphones and up to five tablet computers this year, aiming to lead the rapidly evolving market of smart devices.Its new smartphone lineup includes LG Electronics’ Optimus 2X, Samsung Electronics’ Personal Media Phone, Motor
IndustryJan. 14, 2011
-
S. Korea's business heads vow efforts to outperform expectations
Heads of South Korea's largest conglomerates on Thursday vowed efforts to outperform expectations for the country's economy this year and urged an early implementation of a free trade agreement (FTA) with the United States to help achieve their goal. The ambitious plan came from the executive council of the Federation of Korean Industries (FKI), the largest industry lobby in South Korea with a m
Jan. 13, 2011
-
Seoul all-out to contain prices
Measures include tariff cuts, crop and housing suppliesThe government plans to cut food tariffs, increase crop supplies and freeze public service costs in what it calls a “war against inflation.” A pan-government task force headed by the Finance Ministry on Thursday reported to President Lee Myung-bak a package of measures to rein in skyrocketing food, energy and home rental costs that are threate
Jan. 13, 2011
