Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Court upholds jail term for man who attempted to murder ex-girlfriend
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Korea seeks to export river restoration technology
Four-river restoration project opponents changing their tune after seeing improvements: ShimFor the last three years, the Lee Myung-bak government has been struggling to convince its own people of the worthiness of its multi-billion-dollar project to modify the country’s four largest river basins. B
Oct. 9, 2011
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Samsung, Google delay product debut citing Jobs’ death
Google Inc. and Samsung Electronics Co. delayed a new product introduction scheduled for an Oct. 11 trade show after the death of Apple Inc. co-founder Steve Jobs.Samsung sent out invitations last month announcing an event in San Diego that would include a look at what’s new for Google’s Android, so
TechnologyOct. 9, 2011
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U.N. opens desertification forum in Changwon
The first U.N. meeting to combat desertification to be held in Korea will focus on defining standards to measure progression of land degradation, a step essential to boost international support and funding, the United Nations Convention to Combat Desertification said.The UNCCD said that starting Mon
IndustryOct. 9, 2011
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Consumer borrowing dropped $9.5 billion in August
WASHINGTON (AP) -- Consumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.Fewer people used their credit cards. And a measure of demand for auto and student loans f
Oct. 9, 2011
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Wholesale stockpiles grew 0.4 percent in August
WASHINGTON (AP) -- Wholesale businesses increased their stockpiles of autos, computer equipment and heavy machinery in August, boosting inventories for a 20th straight month as their sales rose at the fastest pace in five months.The combination of rising sales and inventories should be a good sign f
Oct. 9, 2011
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Disney CEO Iger renewed through March 2015
LOS ANGELES (AP) -- Disney CEO Robert Iger will remain in his job through March 2015 and then serve as executive chairman for another 15 months to help break in a new chief executive, the company said Friday.The definite end to what will be a decade-long tenure suggests the eventual promotion of one
Oct. 9, 2011
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Merkel spells out how to bolster European banks
German Chancellor Merkel spells out how to bolster European banks amid the bloc’s debt crisis BERLIN (AP) -- German Chancellor Angela Merkel said Europe’s banks should look first to raise money in the private sector before turning to governments to bolster their financial cushions against potential
Oct. 9, 2011
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With smartphones, ordinary people can turn mundane life into cinema
BUSAN (Yonhap News) - Ordinary people presented iPhone-made shorts on the sidelines of the Busan International Film Festival over the weekend, demonstrating even a 12-year-old can venture into movie-making as the high-tech handset lowers the threshold. Despite featuring no film luminaries and drawin
TechnologyOct. 9, 2011
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Major KOSDAQ firms meet up with foreign investors
SINGAPORE -- The recent rout in the global financial market has amplified, among other things, the high volatility of the tech-heavy KOSDAQ stock market in South Korea, with many of its small and midsize firms’ shares varying wildly. Benjamin Ng, managing director of Whitefield Capital Manageme
Oct. 8, 2011
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Fitch cuts Italy, Spain ratings over euro crisis
(AFP) -- Fitch cut its credit ratings on Italy and Spain Friday, citing the increasing pressure on them as the eurozone debt crisis makes efforts to stabilise their public finances even more difficult.The eurozone debt crisis has seen Greece, Ireland and Portugal all bailed out by the EU and Interna
Oct. 8, 2011
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Nonghyup spurns 4 trillion won support package proposal
SEOUL, Oct. 7 (Yonhap) -- The National Agricultural Cooperative Federation (NACF) on Friday said that it cannot accept a 4 trillion won (US$3.39 billion) support package proposal by the government, claiming that more money is necessary for the reform of the cooperative entity.Last month, the governm
Oct. 7, 2011
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Samsung, Micron to develop technique for high-performance memory chips
SEOUL, Oct. 7 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, said Friday that it is teaming up with Micron Technology Inc. of the U.S. to develop technology to produce a high-performance memory chip.Samsung has formed a consortium with Micron Technology, the U.S.'s larges
TechnologyOct. 7, 2011
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Samsung profit beats forecasts
Company expects third-quarter profit at $3.5 billion, 12% up from second quarterSamsung Electronics on Friday expected its quarterly profit to exceed market forecasts on the back of brisk smartphone sales and a weak local currency. The world’s largest technology company said in a statement that prof
IndustryOct. 7, 2011
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Korea’s CDS premium jumps most in 32 months
The cost of insuring South Korea’s sovereign debt against default climbed the most in 32 months, growing two times faster than that of eurozone countries, data showed Friday.The credit default swap premium on South Korea’s foreign currency bonds with five-year maturities reached 220 basis points as
Oct. 7, 2011
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BOK head cuts economic growth forecast up to 2012
The South Korean economy is likely to grow at a slower pace than the central bank’s earlier forecast of 4.3 percent this year amid dimmer global economic outlooks, its chief said Friday.“The growth of the South Korean economy is expected to be lower than 4.3 percent this year, but it will be higher
Oct. 7, 2011
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IAEA workshop to discuss promotion of nuke power
The International Atomic Energy Agency’s workshop regarding public information on introducing new nuclear power plants will kick off in Seoul on Monday.The workshop organized by the Korea Nuclear Energy Promotion Agency will be held at Lotte Hotel World in Jamsil, southeastern Seoul until Friday.The
IndustryOct. 7, 2011
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Manpower named one of U.S.’ top staffing firms
The human resource services provider Manpower has been included in the Best of Staffing Talent list, the company said Friday.Compiled by the U.S.-based research firm Inavero Inc., the Best of Staffing Talent list includes staffing firms whose services are rated highly by job seekers. According to th
IndustryOct. 7, 2011
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Uncertainty still high over Lone Star-Hana deal on KEB
The Seoul High Court’s Thursday ruling that the ex-head of Lone Star Korea was guilty of manipulating stock prices cleared legal issues on the fund’s deal to sell its Korea Exchange Bank to Hana Financial Group. But uncertainty still lingers in the financial market as the U.S. buyout fund has yet to
Oct. 7, 2011
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S. Korea's CDS premium jumps most in 32 months
SEOUL, Oct. 7 (Yonhap) -- The cost of insuring South Korea's sovereign debt against default climbed the most in 32 months, growing two times faster than that of eurozone countries, data showed Friday.The credit default swap (CDS) premium on South Korea's foreign currency bonds with five-year maturit
Oct. 7, 2011
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Seoul shares open higher on eased European woes
SEOUL (Yonhap) -- South Korean stocks got off to a strong start on Friday, tracking overnight gains on Wall Street underpinned by a European Central Bank (ECB) plan to support the region's struggling lenders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) jumped 49.68 points,
Oct. 7, 2011