Most Popular
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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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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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Samsung shakes up management, commits to reviving chip business
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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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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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BOK makes surprise 2nd rate cut to boost growth
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LG Display to expand output of high-end displays
Display maker posts record sales in second quarterLG Display, Korea’s display panel giant, is gearing up to boost the production of high-end, premium liquid crystal displays for small- and mid-size mobile products.The company said Thursday that its board of directors reached a decision to invest over 1.2 trillion won ($1 billion) to transform part of its sixth generation manufacturing line to produce low temperature poly-silicon displays.LTPS is more energy efficient and offers higher pixel dens
TechnologyJuly 26, 2012
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Hyundai Motor posts record sales in first half
Nation’s largest carmaker confident of achieving this year’s sales goal globallyHyundai Motor said Thursday it posted record sales in the first half of this year, largely driven by strong sales growth in overseas markets, including the European market. The nation’s largest carmaker said it earned 42.1 trillion won ($36.7 billion) in the first six months of this year, up 9.9 percent from the same period last year. Its operating profit jumped 21 percent to 4.78 trillion won. Both figures were a re
IndustryJuly 26, 2012
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Shares gain on institutional buying
Korean stocks closed 0.74 percent higher Thursday as investors hunted for bargains following a recent plunge, analysts said. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index climbed 13.16 points to 1,782.47. Trading volume was moderate at 398.9 million shares worth 3.63 trillion won ($3.16 billion), with gainers outpacing losers 502 to 302. “Institutions led by pension funds unleashed bargain hunting, causing the key index to turn around,” said Kwa
July 26, 2012
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SME biz outlook hits over 3-year low for August
The business outlook by small and medium enterprises for August fell to an over three-year low, reflecting persistent global economic uncertainties, a poll showed Thursday.The Korea Federation of Small and Medium Business survey on 1,354 businesses showed the small business health index dropping to 80.8 for next month, down 4 percentage points from July and the lowest since 77.4 tallied in April 2009.An index reading below 100 means pessimists outnumber optimists.“The drop is due to problems fac
July 26, 2012
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Global display industry forecast to recover in H2
The global display industry is expected to pull out of a slump triggered by weak prices and excess supply in the second half of the year, local market analysts said Thursday.The display industry has weathered the worst, with overall conditions likely to improve in the coming months, analysts from investor service firms and market researchers said in a meeting hosted by the Ministry of Knowledge Economy.So Hyun-chul, an analyst at Shinhan Investment Corp., said worldwide demand has contracted rec
TechnologyJuly 26, 2012
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Korea to expand financing support for shipbuilders
Korea will expand financing support for local shipbuilders struggling with cash shortages caused by less global demand and tightened credit lines, the finance ministry said Thursday.Shipbuilders are facing bleak business conditions as the eurozone debt problems and global economic slowdowns result in less demand. Financing needed to produce ships has also been squeezed as European banks reduced lending in the wake of their recent credit downgrades. Korea is home to world leading shipbuilders, in
July 26, 2012
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Korea inspires Indian government officials
A group of mid-level Indian government officials is visiting Seoul to learn about Korea’s economic development.The Korea Development Institute School said on Thursday that the officers from the Indian Administrative Service are attending the 7th Mid-Career Training Program.KDI School has been in cooperation with India’s leading research institute ― LBS National Academy of Administration ― to operate the training program for Indian government officials. Since 2007, officials from India have visit
July 26, 2012
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KB Financial expected to take over ING Life Korea
Experts forecast deal will boost financial group’s competenceThe likelihood is increasing that KB Financial, the nation’s largest financial group, will take over ING Life Korea. KB Financial was the sole contender in the bid for the Netherlands-based insurance firm’s Korean arm on July 16, according to industry sources. Insiders see the Korean financial group to be the naturally preferred bidder. ING Life Korea is the fourth-largest life insurance firm in the country by market share, and is wort
July 26, 2012
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Bibigo opens sixth overseas restaurant in London
CJ Foodville said Thursday it opened the first European branch of its restaurant chain Bibigo in London.The London branch will be a bar and dining flagship store that offers not just bibimbap, or steamed rice with beef and vegetables, but all kinds of Korean cuisine, said the restaurant business arm of CJ.The 264-square-meter restaurant will serve menus jointly developed by star chef Leo Kang and Noh Hee-young, chief strategist for Bibigo and CJ Group’s executive director of brand communication.
IndustryJuly 26, 2012
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FTAs open up Korea’s law market
For many attorneys licensed outside of Korea, the nation’s ratification of free trade agreements with the European Union and the United States in the past year represent new opportunities. The real competition, however, may have to wait for five years.Prior to the agreements, lawyers from the U.S. and EU member countries could work in Korea, but under the designation of “foreign legal consultants.” An FLC may assist a client in matters relating to foreign or international law, and potentially in
July 26, 2012
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Global demand for senior executives still high
Stanton Chase International picks ‘diversity’ as top skill global executives must haveTop officials from a leading global executive search firm said the senior executive consultant market is still in high demand around the world despite the global economic slowdown.Speaking in an interview with The Korea Herald this week, the board members of Stanton Chase International stressed that the senior executive search business has become more competitive to satisfy the clients’ needs. “The trend in the
July 26, 2012
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Oral cancer
According to the 2008 cancer figures from the National Cancer Center in Korea, there are 2,557 oral cancer cases on average every year, which accounts for 1.4 percent of all cancer patients. The incidence of oral cancer is 5.2 cases per 100,000 persons per year. Oral cancer is one cancer with poor treatment prospects. Since its five-year survival rate of 56 percent in the early 90s, the survival rate has seen little improvement until recently, due to the complicated anatomical location and diffi
TechnologyJuly 26, 2012
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Flying fitness: Cathy Rigby’s tips for soaring while nearing 60
DALLAS ― Peter Pan never grows up. Cathy Rigby, who has made Peter her signature role for more than two decades, doesn’t seem to have aged much either.Peter’s secret is fairy dust, but Rigby, who turns 60 in December, relies on a sprinkling of pulverized herbs sprinkled on fresh food and regular exercise to perform Peter’s cartwheels, flips and flying during her national tour.She spoke about her fitness routine before a recent Dallas show.“There’s something really joyous in doing the things I st
TechnologyJuly 26, 2012
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Ceragem releases anti-hair loss treatment
Ceragem released anti-hair loss treatment, S-GEM, Tuesday, featuring a massager and tubes containing scalp essence.S-GEM releases the serum through the massager. By gently massaging the scalp with it, the scalp absorbs the essence composed of five natural herbs ― hemp, Swertia pseudo-chinensi, green tea, Sophora flavescens and morus alba. This helps the blood circulation of the scalp to strengthen the roots of the hair, it said. The essence is composed of Korea Food and Drug Administration-appro
TechnologyJuly 26, 2012
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Celltrion’s arthritis biosimilar gains approval
Celltrion, a local bio company, on Monday had its biosimilar for an antibody against arthritis approved.This is the first time an antibody copy treatment was approved in the world, the company said.The Korea Food and Drug Administration on Monday authorized “Remsima,” a biosimilar of Janssen’s “Remicade.” The company has conducted clinical trials on a total of 856 patients from 29 countries. The drug maker said Remsima could replace Remicade for use for rheumatic arthritis, ankylosing spondyliti
TechnologyJuly 26, 2012
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Heat wave alert issued
The Korea Centers for Disease Control and Prevention on Tuesday issued a heat wave alert for the nation and asked people to take extra care of their health. According to the Ministry of Health and Welfare, two people died of heatstroke and 21 have been reported with heat-related diseases as of Monday. “In order to avoid being affected by the heat wave, people should refrain from going outdoors between noon and 6 p.m.,” the KCDC said. “Plenty of relaxation is needed and people should drink more w
TechnologyJuly 26, 2012
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Coping with insomnia
Fifty-six-year-old housewife Choi Eun-hee cannot go to sleep at night. She said she is usually ready to sleep long before she actually falls asleep. “From around 10 p.m. I wait to fall asleep but stay awake all through the night. It’s only around 4 a.m. that I finally get some sleep,” she said. Choi said her problem is negatively affecting her life. “When I was able to sleep I did not realize that it was so important. Now I feel lethargic and sometimes depressed. The harder I try to fall asleep
TechnologyJuly 26, 2012
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NHN plans to launch messaging app LINE in China
NHN Corp., South Korea's biggest Internet portal operator, aims to launch its social networking service in China this year, officials said Thursday. NHN Japan Corp., a subsidiary of NHN, hopes to introduce LINE to the world's fastest growing smartphone market, as the company targets 100 million users worldwide this year, the company officials said. In June 2011, The company released LINE, a free g
IndustryJuly 26, 2012
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Birds outperform 7-year-olds in logic test
In a series of tests at Cambridge University, birds had to compete against boys and girls aged four to ten.In two of the three tests, birds did just as well as children up to seven years old.The tests was modeled on Aesop’s fable in which a thirsty crow can drink from a pitcher if it uses pebbles to raise the water level to within its reach.In the first task, both the birds and children quickly realized that adding stones to a cylinder half-filled with water would raise the water level.But in th
TechnologyJuly 26, 2012
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Mystery of missing Mars signals solved
A spacecraft sending data from Mars to Earth had its signal repeatedly interrupted in 2005 and scientists say they‘ve learned the culprit -- the Sun.In August of that year, the Mars Express spacecraft was dutifully sending back data on the stratigraphy, or layering, of the upper regions of the Martian crust, when its signals were knocked off the air.Researchers in the Boston University Astronomy Department say solar flares, and the high-energy particles they emit, can strongly interfere with r
TechnologyJuly 26, 2012
