Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Questions raised over fair promotion of RM, NewJeans
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Korea to allow foreigners-only duty free shops
The government plans to allow foreigners-only duty free shops from next year, the Korea Customs Service said Friday. The customs agency revealed the plan during a meeting of the Presidential Council on National Competitiveness presided over by President Lee Myung-bak at Cheong Wa Dae.Under the plan,
IndustryAug. 19, 2011
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Shares plunge on global recession woes
KOSPI posts year’s worst drop of 115.7 points; U.S., European, Asian stocks extend slumpKorean stocks took a pounding again on Friday following steep losses in the United States and Europe amid renewed fears of a global recession.The Korea Composite Stock Price Index posted the sharpest drop among m
Aug. 19, 2011
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LG Electronics holds fair to recruit global talents in R&D
LG Electronics said Friday it was moving to recruit talented research and development personnel from other countries.The company held a tech conference in Tokyo on Friday, which invited 50 engineering students, including Korean students studying in Japan. A total of 20 executives in the firm’s resea
IndustryAug. 19, 2011
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FSS urges banks to resume loans
FSS chief: Insurers need to brace for external uncertaintiesFinancial Supervisory Service Gov. Kwon Hyouk-se urged commercial banks Friday to resume their suspended household loans.“The FSS will instruct the banks to resume the lending,” Kwon told reporters before attending a meeting with chief exec
Aug. 19, 2011
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Dutch scientists aim to create bullet-proof ’skin’
Researchers in the Netherlands have discovered a way that might create artificial skin that is bullet-proof, according to the Daily Mail.Scientists produced genetically modified goats whose milk has a similar protein as that used in spiders’ silk. They extracted the protein and used it to create the
TechnologyAug. 19, 2011
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Alien civilizations more likely to be hostile
American researchers predict that if there really are alien civilizations, they are likely to be hostile to the Earth, the Daily Mail reported.Viewed from a third party, Earth may be seen as being hazardous as it shows an abnormal increase in temperature and therefore aliens may conduct a preemptive
TechnologyAug. 19, 2011
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IBM pursues chips that behave like brains
SAN FRANCISCO (AP) -- Computers, like humans, can learn. But when Google tries to fill in your search box based only on a few keystrokes, or your iPhone predicts words as you type a text message, it's only a narrow mimicry of what the human brain is capable.The challenge in training a computer to be
TechnologyAug. 19, 2011
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Sniffer dogs detect lung cancer by smelling breath samples
Study finds sniffer dogs can accurately detect lung cancer by smelling breath samples.Researchers from Schillerhoehe hospital in Germany conducted experiments with specially trained dogs and 220 volunteers including 60 lung cancer patients, 50 patients with chronic obstructive pulmonary disease (COP
TechnologyAug. 19, 2011
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Seoul shares open sharply lower on U.S. losses
South Korean stocks opened sharply lower on Friday as overnight panic selling on Wall Street froze investor sentiment here, analysts said.After opening 3.81 percent down, the benchmark Korea Composite Stock Price Index (KOSPI) sank below the 1,800-point mark. In the first 15 minutes of trading, KOSP
Aug. 19, 2011
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Samsung, LG try to shake Android claims
Samsung and LG, the nation’s top two electronics companies, appeared to be bristling at claims from Google’s Andy Rubin that he had unsuccessfully pitched the Android operating system to them.In the Wall Street Journal’s Aug. 17 edition, Rubin was quoted as saying he had made the proposals to both S
IndustryAug. 18, 2011
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LG Uplus acquires most wanted radio spectrum
Company plans to use the 2.1 gigahertz radio spectrum late next yearLG Uplus is enjoying a positive outlook after it was made official Wednesday that the firm would take home the 2.1 gigahertz radio spectrum to be used for fourth generation network technologies.The Korea Communications Commission, t
IndustryAug. 18, 2011
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Hyundai Motor Group chief scores big in stock earnings
Among the heads of the nation’s top 30 conglomerates, Hyundai Motor Group chairman Chung Mong-koo saw the highest increase in his market shares following the latest stock market volatility, a market researcher said Thursday. The market capitalization of stock holdings owned by Chung increased to 7.5
IndustryAug. 18, 2011
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Korea’s retail rivals seek Vietnam expansion
Lotte Mart plans third outlet in 2013; E-Mart to open first Hanoi store next year, 52 outlets by 2020Just two years have passed since Vietnam opened its retail sector to foreign businesses on a full scale. The Vietnamese market has grown so quickly that sales and service revenue in the retail sector
IndustryAug. 18, 2011
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Coupang aims for NASDAQ listing
Korean social commerce firm Coupang said Thursday it is aiming to be listed on the U.S. stock market by 2013 after cementing its position as the country’s top electronic commerce company.Kim Bom-suk, chief executive of the company, said it will also enter the overseas market to compete with global i
IndustryAug. 18, 2011
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Korean, Australian regulators sign MOU on resource sharing
Korea’s financial regulators will sign a memorandum of understanding with its counterpart in Australia, the Australian Prudential Regulation Authority, to collaborate in inspecting illegal financial activities, a senior financial official in Seoul said on Thursday.Financial Supervisory Service Gov.
Aug. 18, 2011
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NPS reshuffles key investment posts
Chairman shows determination to cut collusive links with brokeragesNational Pension Service chairman Jun Kwang-woo replaced staff in four key posts responsible for the fund’s investment decisions Thursday, revamping the organization under fire for its staff’s involvement in corruption scandals.The w
Aug. 18, 2011
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Seoul shares dive 1.7%
South Korean stocks sank 1.7 percent on Thursday as investors sold off tech and shipbuilder stocks following the recent rally, analysts said. The local currency lost ground against the U.S. dollar.The benchmark KOSPI slumped 32.09 points to 1,860.58, ending a two-session gaining run. Trading volume
Aug. 18, 2011
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Foreign IBs see rate freeze for rest of year
Major foreign investment banks are betting that South Korea’s central bank may freeze its key interest rate for the rest of the year, citing an increase in external economic uncertainties, data showed Thursday.The Bank of Korea froze the benchmark rate at 3.25 percent last week for the second straig
Aug. 18, 2011
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Hanwha E&C to build world’s largest domed arena near Manila
Korean builder strives to become one of the world’s 100 largest construction firmsHanwha Engineering and Construction Corp. began work on the world’s largest domed arena in the Philippines on Thursday.The work for the $175 million contract, signed on Aug. 4, got underway in a ceremony attended by Ha
IndustryAug. 18, 2011
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S. America new investment hub for Korean firms
SK, POSCO, Hyundai Motor, LG seek resources, new markets in the regionKorea’s leading businesses are making their forays into Latin America, which has emerged as a favored destination among global investors for its growing economy, ample natural resources and robust domestic demand.SK, POSCO, Hyunda
IndustryAug. 18, 2011