Most Popular
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Seoul blanketed by heaviest Nov. snow, with more expected
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NewJeans to terminate contract with Ador
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Seoul snowfall now third heaviest on record
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NewJeans terminates contract with Ador, embarks on new journey
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Samsung shakes up management, commits to reviving chip business
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Korean Air gets European nod to become Northeast Asia’s largest airline
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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How $70 funeral wreaths became symbol of protest in S. Korea
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Chaos unfolds as rare November snowstorm grips Korea for 2nd day
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2013 budget allocates more for welfare, small businesses
Government promises over 100,000 jobs for youth, greater budget to fight sex crimes and school violenceThe government’s 2013 budget plan appears to focus on support for more welfare programs to stabilize the livelihood of ordinary people, while maintaining a budget balance. The budget plan includes expanded support for small and mid-sized companies from 69.5 trillion won this year to 78 trillion won, and an additional 10 billion won for companies that open branches overseas. The government plans
Sept. 25, 2012
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Samsung SDS offers glimpse of 2013 IT mega trends
List includes big data, cloud services and IT consolidationSamsung SDS, the country’s IT services provider, announced its selection of IT mega trends for next year, in order to help different industries prepare for the future.While categorizing the 2013 mega trends into four categories ― new values, new threats, new creativities and new growth ― the company said the nine elements of next year’s trends are valuable big data, progress in cloud services, IT consolidation, advanced cyber attacks and
IndustrySept. 25, 2012
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Newest expansion for ‘World of Warcraft’ unveiled
Blizzard Entertainment on Tuesday showcased its latest edition “World of Warcraft: Mists of Pandaria” at a press conference held in Seoul. Launched three years after its predecessor “World of Warcraft: Cataclysm,” "Mists of Pandaria" premiered in Korea as Blizzard’s the fourth expansion set. The game company will give the public a chance to try out the new "Mists of Pandaria" for free starting on Thursday. "Mists of Pandaria" will begin nationwide charged service on Oct. 1. The new game involves
IndustrySept. 25, 2012
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Hyundai Capital taps China’s auto financing market
Hyundai Motor Group announced Tuesday that its automobile financing subsidiary has successfully made inroads into the Chinese market through a joint venture.“Hyundai Capital Services launched Hyundai Capital China, a joint venture firm in collaboration with Beijing Automotive Industry Group Investment,” the automotive group said in a statement.It said the joint entity, headquartered in Beijing, will provide Chinese consumers with auto financing for Hyundai and Kia vehicles.The group’s initial in
IndustrySept. 25, 2012
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Asia drives global shopping center revival
Asia and Latin America’s economic growth has fueled an upturn in retail activity, with increasing rent reflecting high demand for the limited amount of prime retail opportunities in both regions.Changes in consumer preferences, spending patterns and technological advances have impacted owners and retailers in all regions. Owners of prime shopping centers throughout the world are constantly repositioning their properties to provide consumers with their desired full shopping “experience.” With the
Sept. 25, 2012
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Solvay looks to Korea future with R&D center
Belgian CEO speaks on business, new entity to replace EUCCKAndre Nothomb has two official work titles: one is chief executive of Solvay Korea Co. and the other is finance officer of Solvay Special Chemicals global business unit.He earned the latter title as the Belgian chemical company with a history of 149 years chose Seoul as the headquarters for its special chemicals business last year.A Solvay research and development center is under construction within the Ewha Womans University campus in S
IndustrySept. 25, 2012
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Minors to be banned from revealing too much on air
Minors will soon be subject to costume regulations when they go on air, said the Korea Communications Standards Commission Tuesday.The commission stated on its website that it will push for a new rule to regulate revealing clothing for teen and child performers in order to control exposure.“Broadcasters must pay attention to and refrain from excessively exposing female minors during program recordings. Overly suggestive screen shots of girl groups composed of a large number of minors must also b
Sept. 25, 2012
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Did rock-swapping bring life to Earth?
(123rf)Microorganisms embedded in fragments of distant planets that crashed to Earth might have been seeds of life on our planet, U.S. and European researchers say.Scientists from Princeton University, the University of Arizona and the Centro de Astrobiologia in Spain, writing in the journal Astrobiology, said there is a possibility that life came to Earth -- or spread from Earth to other planets
TechnologySept. 25, 2012
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History of Earth‘s oxygen studied
SEATTLE (UPI) -- Microbial life may have migrated from Earth’s oceans to land by 2.75 billion years ago, producing oxygen earlier than previously thought, U.S. scientists say.Research reported from the University of Washington suggests the land-based microbes were producing oxygen well in advance of what geologists refer to as the “Great Oxidation Event” about 2.4 billion years ago that initiated
TechnologySept. 25, 2012
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Safe data storage for millions of years?
TOKYO (UPI) -- Japanese electronics firm Hitachi says it has invented a way of storing data that could keep it safe and stable for hundreds of millions of years.The technology behind the long-term storage capability involves a laser that is employed to encode data into a piece of quartz glass with dots corresponding to binary code that can be read back by an optical microscope, ZDNet reported.Hita
IndustrySept. 25, 2012
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NASA sees ‘gateway’ for space missions
NASA has proposed a candidate for its next major mission, a “gateway” spacecraft on the far side of the moon as a staging base for moon and Mars missions.The spacecraft would hover in orbit on the far side of the moon, support a small permanent crew and function as “stepping stone” for missions to the lunar surface and possible flights to Mars.NASA Administrator Charles Bolden briefed the White House earlier this month on details of the proposed “gateway,” but it was unclear if any administratio
TechnologySept. 25, 2012
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On Apple Maps, all roads lead to Google
CUPERTINO (UPI) -- U.S. technology giant Apple’s foray into mobile maps with its iPhone 5 had to do with advertising and a growing rivalry with Google, industry observers said.Apple’s iPhone 5, which went on sale Friday included a new online maps service that was “littered with flaws, some laughable,” The New York Times reported Monday.But behind the effort to compete with Google is the lucrative
TechnologySept. 25, 2012
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Consumer sentiment stays below par for 2nd month in Sept.
South Korean consumers' confidence stayed below par for the second straight month in September as the protracted eurozone debt crisis heightened economic uncertainties, the central bank said Tuesday.The consumer sentiment index -- a gauge of consumers' overall economic outlook, living conditions and future spending -- came in at 99 for September, unchanged from the previous month, according to a s
Sept. 25, 2012
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Kumho Tire reaches tentative wage deal with union
Kumho Tire Co. reached a tentative wage deal with its union early Tuesday after overnight marathon negotiations, the company said.Under the agreement, South Korea's second-biggest tire maker will give workers 2.5 million won (US$2,200) and 50 percent of their monthly wages as lump-sum incentive payments.The labor union will vote on the tentative agreement on Thursday.The tentative deal came more t
IndustrySept. 25, 2012
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Testosterone may hold key to male lifespan: local study
Testosterone may hold the key to the disparity in men and women’s life spans, research on Korean eunuchs suggested Monday. On average, females of mammalian species including humans have 10 percent longer life spans. Professor Min Kyung-jin of Inha University and professor Lee Cheol-koo of Korea University analyzed the family records of 81 Joseon Dynasty eunuchs who lived between 1556 and 1919. The records showed that the eunuchs lived on average 14 years longer than the ruling-class males of tha
TechnologySept. 25, 2012
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Yearly salary at top 30 groups tops W63m
The average salary for workers in the nation’s 30 major conglomerates has come to 63 million won ($56,300) per year, according to a corporate information tracker.Hyundai Motor Group eclipsed the rest with a yearly wage payment of 84 million won last year, data gathered by chaebul.com showed. The nation’s No. 2 business group has 10 listed subsidiaries including Hyundai Mobis and Kia Motors.Hyundai Heavy Industries ranked second with 76.4 million won, followed by Samsung Group with 74.8 million w
IndustrySept. 24, 2012
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Self-study 'fake' Japan doc examined 2,300
Japanese police on Monday arrested a man who posed as a doctor to earn cash, examining 2,300 people with little more than a few hours of self-study to back it up, police and media said.Miyabi Kuroki, 43, had no experience of medical school and passed himself off as a qualified doctor after finding the identity of a legitimate physician on the Internet, Jiji Press reported.He was dispatched by an e
TechnologySept. 24, 2012
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Minister vows to spread globally Korea’s forestation success
KFS Minister Lee says AFoCO will be locomotive in global green growthHaving gained worldwide recognition through hosting the United Nations Convention to Combat Desertification last year, Korea is hoping to make Korea Forest Service a future global hub for green growth. For KFS Minister Lee Don-koo, a key milestone in the drive for green growth was the establishment of the Asian Forestry Cooperation Organization early this month. The organization is the result of an agreement on forestry cooper
Sept. 24, 2012
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Shares end flat ahead of Spain bailout decision
South Korean stocks finished almost unchanged on Monday as investors sat on the sidelines ahead of Spain’s decision on a bailout plan proposed by the European Union, analysts said. The local currency lost ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 1.07 points, or 0.05 percent, to close at 2,003.44. Trading volume was moderate at 476.8 million shares worth 4.19 trillion won ($3.75 billion), but decliners outstripped gainers 458 to 364. “It’s most likely
Sept. 24, 2012
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Pantech launches new phone
Pantech on Monday unveiled its new 5.3-inch flagship smartphone named Vega R3, calling for a face-to-face battle with Apple’s upcoming iPhone 5.With the new quad-core handset slated to be rolling out in the market Tuesday, the company said it will release it through all three mobile carriers ― SK Telecom, KT and LG Uplus. The model runs on the fourth-generation Long Term Evolution network and a 3G version is not available, according to its officials.Claiming that its premium models will use the
IndustrySept. 24, 2012
