Most Popular
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Samsung entangled in legal risks amid calls for drastic reform
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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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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
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Samsung shakes up management, commits to reviving chip business
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Seoul snowfall now third heaviest on record
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K-pop fandoms wield growing influence over industry decisions
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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Seoul's first snowfall could hit hard, warns weather agency
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How $70 funeral wreaths became symbol of protest in S. Korea
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
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Coupang aims for NASDAQ listing as early as 1st half of 2013
Local social commerce firm Coupang’s chief executive said Wednesday that the firm will be listed on the U.S. stock market as early as the first half of next year.“We aim to be listed on the NASDAQ market as early as the first half and by the end of next year at least, but we will look for the right timing,” CEO Kim Bom-suk said.“We raised yearly sales of 600-700 billion won in 22 months and this is not a common situation even in the U.S. It shows the potential for the Korean market,” said Kim.Th
IndustryJune 13, 2012
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Korea’s jobless rate falls to 3.1% in May
Korea’s jobless rate decelerated in May mainly due to more positions created in the service sector, a government report showed Wednesday.The jobless rate stood at 3.1 percent last month, down slightly from 3.2 percent a year earlier, according to the report by Statistics Korea. Last month’s tally also represents a drop from the 3.5 percent reached in April.Job creation accelerated with a total of 472,000 positions added to payrolls in May, compared with 355,000 a year earlier. The number is also
June 13, 2012
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Seoul shares gain 0.25% on U.S. stimulus hopes
South Korean stocks gained 0.25 percent Wednesday on expectations the U.S. Federal Reserve may announce new stimulus measures to bolster growth, analysts said.The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index moved up 4.58 points to 1,859.32. Trading volume was moderate at 5.38 million shares worth 3.73 trillion won ($3.19 billion), with losers outpacing gainers 423 to 381.“Forecasts that the U.S. will push forward additional quantitative easing to s
June 13, 2012
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Ministry calls for discipline on 8 public agency heads
A total of eight governmental organization chiefs were given dismissal or warning notices for their poor performances last year, the Finance Ministry said on Wednesday. The ministry asked relevant ministries to dismiss two officials ― the heads of both the Korea Livestock Products HACCP Accreditation Service and the Korea Institute of Maritime and Fisheries Technology. The two were given an E grade, the lowest grade possible, by the Finance Ministry in the 2011 Public Institutions Management Per
June 13, 2012
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BNP Paribas targets retail securities sales
Former country head for Greece quiet on European financial crisisBNP Paribas revealed on Wednesday ambitions to enhance its securities platform in Korea as a growth strategy in Asia Pacific’s burgeoning equity and derivatives broker market. BNP Paribas is one of the leading financial groups based in Europe concentrating on retail banking, investment solutions and corporate and investment banking. The Seoul branch opened in 1976. BNP Paribas Securities Korea, one of the four arms of the group’s S
June 13, 2012
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Kibot to make global debut beginning in Middle East
Kim Nan-hyung, 31, was surprised to find out how frequently she uses the “Kibot,” a robot for kids introduced by mobile carrier KT, for her 20-month-old daughter every day.“Because I have a full-time job, I play the animations or songs on the device for my daughter when I’m busily getting ready to go to work or while I cook dinner with her next to me,” she said. “I also turn on the Kibot to sing my baby Seo-jin to sleep and she now knows it’s time to go to bed when I show her the moving pictures
TechnologyJune 13, 2012
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KT launches smart-working service for enterprises
KT, Korea’s second largest mobile carrier, has launched a smart-working service for enterprises, and Tongyang Systems, a system integrator, will be the first corporation to partner with the telecom firm in the sector.The mobile carrier said Wednesday it will establish a smart-working center at Tongyang’s headquarters in Seoul.The two sides will equip the 265-square-meter center with fast broadband and wireless connections, as well as high-definition video conferencing. Tongyang will operate the
TechnologyJune 13, 2012
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Merck to support Korea’s biopharmaceutical sector
Executive board member Reckmann says biosimilars have great potentialA board member of global chemical and pharmaceutical giant Merck KGaA said Tuesday that the company will continue to show support for Korea’s fast growing biotechnology industry, especially toward a special class of medicines called “biosimilars.”“Korea has built up a country strategy where a clear target is to be one of the leaders in biotechnology products worldwide (through exports of these drugs),” said Bernd Reckmann, a ge
TechnologyJune 13, 2012
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Ministry warns against doctors’ protest over change of pricing
The Ministry of Health and Welfare said Wednesday that it would seek to penalize doctors who go on strike against diagnosis-related group pricing system.The strike, due to start July 1, is against the government’s policy to slash health insurance expenditure and is expected to cause chaos in the national medical industry. “It is a shame that some of the facts have been distorted. The DRG-pricing system has been supported by about 80 percent of medical institutions nationwide and its effectivenes
Social AffairsJune 13, 2012
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A woman scared of all electronic devices and even Wi-Fi
Hannah Metcalfe, 34, who is 11 weeks pregnant in England, avoids all the electronic devices like iPads or mobile phones because those gadgets allegedly make her sick.Metcalfe says she feels headaches and stomach cramps whenever she is exposed to electromagnetic waves, which make her fearful about the health of her unborn baby.“I need to avoid Wi-Fi as much as I can,” said Metcalfe. “It makes me ill and I have to consider what it could be doing to the baby.”Metcalfe believes that her miscarriage
TechnologyJune 13, 2012
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10-year video game simulation shows gloomy future for mankind
(123rf)Can a computer game predict the future of mankind?A person who have been playing a “Civilization II” computer game for 10 years says the world of 3991 A.D. is “a hellish nightmare of suffering and devastation,” according to news reports.Reddit user Lycerius, who uploaded the post, said he has been playing the old game on and off for 10 years, and thought it might be interesting to see how f
TechnologyJune 13, 2012
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School to give smartphones to students
(Yonhap News)A U.S. university is giving every entering freshman in the class of 2016 a new smartphone and the associated AT&T cellular service, school officials say.Seton Hall University in South Orange, N.J., said the program is meant "to support the university's mission of providing technology tools to enhance the student experience and prepare students for success in a rapidly changing world,"
TechnologyJune 13, 2012
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Seoul shares open higher on Wall Street rally
South Korean stocks opened higher Wednesday following Wall Street's overnight rally caused by speculation that the U.S. Federal Reserve will announce new stimulus measures to bolster growth, analysts said.The Korea Composite Stock Price Index (KOSPI) rose 0.20 percent, or 3.63 points, to 1,858.37 in the first 15 minutes of trading.Market bellwether Samsung Electronics gained 0.16 percent, with top
June 13, 2012
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Undersea volcano gave off eruption signal
(Bloomberg)An undersea volcano located about 250 miles off the Oregon coast produced clear seismic signals hours before an eruption, researchers say.Last year, researchers at Oregon State University correctly forecast the eruption of Axial Seamount in advance.Documentation of inflation of the undersea volcano from gradual magma intrusion over a period of years led to the eruption forecast, but new
TechnologyJune 13, 2012
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[Photo] Financial conference
June 13, 2012
![[Photo] Financial conference](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2012/06/12/20120612001110_0.jpg&u=20120613090511)
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S. Korea's jobless rate falls to 3.1 percent in May
South Korea's jobless rate decelerated in May mainly due to more positions created in the service sector, a government report showed Wednesday.The jobless rate stood at 3.1 percent last month, down slightly from 3.2 percent a year earlier, according to the report by Statistics Korea. Last month's tally also represents a drop from the 3.5 percent reached in April.Job creation accelerated with a tot
June 13, 2012
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Research could help cancer treatment
A team from the Korea Advanced Institute of Science and Technology have found the cause of resistance to an anti-tumor drug, which may open new possibilities for cancer treatment.The scientists used computer simulations and mathematical biology to investigate the cause of the drug resistance. They discovered that cell signaling ― how cells communicate and respond to their environment ― plays an important role in the mechanism.The study, supported by the Ministry of Education, Science and Technol
TechnologyJune 12, 2012
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FEZs totter with meager foreign investment
Government curtails areas and projects, postpones additional designation indefinitelyFree economic zones started in 2002 with a grandiose vision of fostering South Korea into a East Asian business hub, but have tottered into their 10th year.In Korea, Incheon, Busan and Jinhae, and Gwangyang were designated as free economic zones in 2003, followed by three more in 2008, which are located in Dangjin and Pyeongtaek, Saemangeum seawall and Gunsan, and Daegu and nearby areas in North Gyeongsang Provi
June 12, 2012
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Group caught for largest-ever illegal foreign exchange trading
A ring of companies and individuals were caught for illegal trading of some 1.4 trillion won in foreign exchange over the past five years, the Korea Customs Service said Tuesday. About 130 clothing and trading firms were involved in the largest ever case of illegal foreign exchange trading to be exposed by the KCS. The Seoul Main Customs Office of the KCS said eight people including 45-year-old ringleader surnamed Lee have been booked without detention on charges of violating the foreign exchang
June 12, 2012
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Telecom firms begin taking pre-orders for Galaxy S3
Telecom giants have begun accepting reservation purchases for Samsung Electronics’ much-awaited flagship smartphone Galaxy S3.SK Telecom, Korea’s largest mobile carrier, said that it started promoting Samsung’s 3G and long-term evolution mobile handsets, taking pre-orders from 5,000 customers on a first-come, first-served basis on Tuesday morning.After about two and a half hours, the telecom company said that pre-orders for all of the 5,000 3G phones had ended, while Samsung’s LTE phone continue
TechnologyJune 12, 2012
![[Photo] Financial conference](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2012/06/12/20120612001110_0.jpg&u=20120613090511)
