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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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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Seoul's first snowfall could hit hard, warns weather agency
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Why cynical, 'memeified' makeovers of kids' characters are so appealing
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Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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BOK makes surprise 2nd rate cut to boost growth
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S. Korea's Iranian oil imports nearly halve in May
South Korea's imports of Iranian oil fell nearly half in May from the previous month as local refiners moved to switch their suppliers in the face of international sanctions against Tehran, industry data showed Sunday.South Korea imported 3.96 million barrels of Iranian crude in May, down 47.3 percent from 7.52 million barrels in April, according to the data compiled by the Korea National Oil Corp
July 1, 2012
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Case study: Man gets headaches from porn
(MCT)A 24-year-old unmarried man in India complained of intense "exploding" headaches while watching pornography, researchers said. The case study, published in the Archives of Sexual Behavior, said the unnamed male software professional said the headaches were so painful after two years he sought the help of a doctor. Researchers from Guru Gobind Singh Indraprastha University in New Delhi said th
TechnologyJuly 1, 2012
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Study: Wrong diet doomed 1912 polar try
Members of an ill-fated British expedition to the South Pole in 1912 were effectively killed by the equivalent of a modern slimming diet, research has shown.Capt. Robert Falcon Scott's disastrous attempt to be the first to the South Pole resulted in his death and the death of four comrades.British researchers say the men expended more energy than Olympic athletes as they hauled their supplies acro
TechnologyJuly 1, 2012
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Web site sells anti-infidelity ring
Image from thecheeky.comA Vancouver-based Web site is marketing an anti-infidelity wedding ring that leaves the imprint of the words "I'm married" on the wearer's finger.TheCheeky.com is selling the titanium bands, which have the letters carved into the inside of the wedding band to leave an imprint on the wearer's finger, for $550, the New York Daily News reported Friday."With Arnold, Tiger and t
TechnologyJuly 1, 2012
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Dress code spawns efficiency
POSCO employee Woo Ji-hoon sometimes goes to work wearing jeans and a T-shirt these days. “It depends on the department (in our company), but the overall policy is to dress freely. Unless you are not wearing sandals and shorts, in the case of men, most outfits are allowed,” he said. Now every day is a “casual day” for workers at POSCO as the nation’s largest steelmaker made an official announcement last month that employees are allowed to wear business casuals in the office. The company had desi
IndustryJune 29, 2012
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Korean exporters’ Q3 outlook remains cold
A majority of South Korean companies see business conditions for their exports will continue to stagnate in the third quarter of the year mainly due to global economic uncertainties triggered by the European debt crisis, a poll showed Friday.The export business survey index came in at 87.5 for the July-September period, the lowest level in 13 quarters since it hit 66.1 in the second quarter of 2009, according to the poll of 964 companies by the Korea International Trade Association.The latest nu
IndustryJune 29, 2012
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Samsung Display to relaunch as world’s biggest display maker
Samsung Display is poised to become one of the world’s largest display makers, following a trilateral merger among the company, Samsung Mobile Display and S-LCD Corp. Its parent Samsung Group said that the merger, first approved in April by its board of directors, will see the creation of a new company specializing in display technologies, including LCDs and OLEDs. The merged entity will officially launch on July 1. According to company executives, this new corporate body will operate under the
IndustryJune 29, 2012
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Seoul shares rally 1.91% on EU summit progress
South Korean stocks rallied 1.91 percent on Friday as European leaders reportedly decided to ease bailout rules for debt-ridden governments, analysts said. The local currency gathered ground against the U.S. dollar.The Korea Composite Stock Price Index climbed 34.83 points to finish at 1,854.01. Trading volume was moderate at 309.8 million shares worth 4.29 trillion won ($3.73 billion) with gainers far outpacing losers 578 to 248.“Extreme fears over the eurozone seem to have been lifted. Germany
June 29, 2012
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Eximbank vows more support for firms entering emerging markets
Export-Import Bank of Korea will step up support for companies entering emerging markets in the Middle East, Africa and Central and South America, the bank’s chairman and president Kim Yong-hwan said Friday.“In order to secure future growth engines for Korea, we will expand support for businesses advancing into emerging markets with high growth potential,” Kim said in a speech during an event to celebrate the bank’s 36th anniversary of its foundation.The state-controlled bank plans to bolster pu
June 29, 2012
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Insurance firms told to cut auto premiums
Financial Supervisory Service Gov. Kwon Hyouk-se on Friday expressed his regulatory policy direction toward inducing a further slash in automobile insurance premiums. “The insurance loss ratio could go up in July and August as accidents tend to increase during vacations and rainy seasons,” Kwon said during a breakfast meeting with the chief executives of 16 insurance companies and heads of their trade associations in Seoul.“The industry should come up with measures to reduce the loss ratio.”The
June 29, 2012
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Kia’s 3rd China plant to produce tailored cars
Hyundai-Kia chief Chung vows to gain confidence via vehicle quality-oriented salesKia Motors broke ground at its new third plant in an eastern coastal province of China on Friday, aiming at doubling the company’s production capacity in the world’s largest automotive market.On the extension of Kia’s localization strategy, the new factory will be in charge of manufacturing Chinese consumer-oriented sedans to fully reflect customers’ needs, company spokespeople said Friday. Korea’s second-largest a
IndustryJune 29, 2012
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SK Hynix opens new manufacturing line
SK Hynix said Friday that it has completed construction on a new manufacturing line in Cheongju, North Chungcheong Province, pledging to turn its memory chip manufacturing factory into a key global production base.The manufacturing line named “M12” will be an addition to the already-existing M8 and M11 within the plant and it is planned to produce NAND Flash and dynamic random access memory chips, SK Hynix officials said during a celebratory event. Although the M12 was mainly built to make NAND
IndustryJune 29, 2012
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Seoul shares rally 1.91 percent on EU summit progress
South Korean stocks rallied 1.91 percent on Friday as European leaders reportedly decided to ease bailout rules for debt-ridden governments, analysts said. The local currency gathered ground against the U.S. dollar.The Korea Composite Stock Price Index (KOSPI) climbed 34.83 points to finish at 1,854.01. Trading volume was moderate at 309.8 million shares worth 4.29 trillion won (US$3.73 billion) w
June 29, 2012
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Scientific hangover cure suggested
A U.S. news report said Mitchell Moffit and Gregory Medlock have created a video tutorial about how to avoid a hangover scientifically.Some of the tips include: Before drinking, eat fatty foods and carbohydrates; Drink water before, during and after your night out; Take aspirin before bed (but not Tylenol) and Have a breakfast that includes eggs, bananas and fruit juice.There have been many reports claiming that hangover can be cured. In April, a Las Vegas anesthesiologist introduced his Hangove
TechnologyJune 29, 2012
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Seoul shares open lower on EU summit concern
South Korean stocks got off to a weak start Friday as investors avoided risky bets pending the outcome of a European summit aimed at addressing the region's fiscal crisis, analysts said.The Korea Composite Stock Price Index (KOSPI) lost 9.37 points, or 0.52 percent, to 1,809.81 in the first 15 minutes of trading.Tech blue-chips and chemical issues led the decline, with market bellwether Samsung El
June 29, 2012
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S. Korea's industrial output grows 2.6 pct on-year in May
South Korea's industrial output grew in May from a year earlier despite persistent eurozone debt problems and market uncertainties, a government report showed Friday.According to the report by Statistics Korea, production in the mining and manufacturing industries expanded 2.6 percent last month from a year earlier. In April, the output remained unchanged from the same month in 2011.Industrial pro
June 29, 2012
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Korea adds 8.5 trillion won to fiscal spending
The Finance Ministry said Thursday that it has revised its projection for the nation’s economic growth for this year down to 3.3 percent, from its earlier forecast of 3.7 percent.In its unveiling of the second-half economic policy direction, the Finance Ministry cited external factors including the eurozone fiscal crisis for the revision.Earlier, the International Monetary Fund and the Organization for Economic Development and Cooperation also lowered their respective forecasts for Korea’s GDP g
June 28, 2012
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Korea-EU FTA effect limited by eurozone crisis
Since it took effect one year ago, FTA helps attract foreign investment, but product price cuts imperceptibleThe effect of the free trade agreement between Korea and the European Union has been meager in its first year as the eurozone fiscal crisis dampened the region’s demand for imports. The FTA, however, appears to have helped attract foreign investment to Korea.Korea’s exports to the EU since the FTA took effect in July 1 last year through June 15 dropped 12.1 percent from the year before la
June 28, 2012
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EU FTA has silver lining for big firms
One year has passed since the much-lauded Korea-EU Free Trade Agreement went into effect on July 1 last year.However, high expectations that the tariff-cutting pact would give Korea’s exporters a boost into the European market have been lowered over the year as the sovereign debt crisis in the eurozone continues to weaken the region’s overall demand, said an economist.While 13.8 percent of Korea’s exports were sent to the EU in 2008, that share actually slid to 9.4 percent this year amid the eur
June 28, 2012
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Cheil Industries, YG Entertainmentb to ride Korean fashion wave together
Samsung affiliate Cheil Industries and YG Entertainment are set to target the global fashion market with the launch of a new, “total lifestyle” Korean brand.Cheil Industries said Thursday that it has entered into an agreement with YG Entertainment, one of Korea’s leading record labels and talent agencies, to develop a new brand for the global teens and 20s market. According to company officials, the new brand, whose name has yet to be decided, will be launched some time in the spring of 2013, an
IndustryJune 28, 2012
