Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Opposition chief acquitted of instigating perjury
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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NPS grows banking industry clout
Pension fund holds major stake in 4 financial groupsThe National Pension Service has expand its presence financial industry after regulators paved the way for the fund to increase its stake in commercial banks earlier this year.Experts are divided over the national pension fund’s active buying of sh
Oct. 12, 2011
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Breast cancer pinkwashing questioned
PITTSBURGH, Pennsylvania (AP) ― The country is awash in pink for breast cancer awareness month, and some women are sick of it.While no one is questioning the need to fight the deadly disease, some breast cancer activists are starting to ask whether one of the most successful charity campaigns in rec
TechnologyOct. 12, 2011
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Demand for smartphone DRAMs to spike
Demand for dynamic random access memory devices for smartphones are expected to outdo the overall DRAM market and post a triple-digit annual growth this year, an industry report said Wednesday.DRAM shipments in smartphone handsets are forecast to grow 164.4 percent in 2011 from last year, according
IndustryOct. 12, 2011
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Seoul to reduce rice production land
South Korea will continue to reduce its farming area for rice next year, the agriculture minister said Wednesday, despite earlier forecasts the country’s rice harvest this year will fall to the lowest level in 31 years. The government “plans to reduce the area for rice farming by 40,000 hectares nex
IndustryOct. 12, 2011
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Conglomerates help SMEs enter overseas markets
International expansion for SMEs emerges as new engine of shared growthShared growth between large companies and small- and medium-sized enterprises is one of the current administration’s main economic policies.Many of the country’s largest businesses have taken up the cause and now operate a number
IndustryOct. 12, 2011
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Korea, EU agree on close cooperation
South Korea and the European Union agreed Wednesday to closely cooperate in economic policies amid uncertainties over the European debt crisis, Seoul’s Trade Ministry said.Both sides will also utilize the so-called Trade Committee as a consultation body for bilateral cooperation, according to the mi
Oct. 12, 2011
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Money supply accelerates, household loans slow: BOK
Korea’s money supply expanded at its fastest pace in five months in August and banks’ household loan growth slipped to an eight-month low in September, the Bank of Korea said on Wednesday.The data came ahead of the central bank’s rate-setting meeting slated for Thursday amid widespread expectations
Oct. 12, 2011
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FTC warns against fraud on social commerce sites
The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deals online, has grown rapidly into a 500 billion won market in Korea. FTC chairman Kim Dong-soo (Y
IndustryOct. 12, 2011
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ITU picks Busan for communications conference in 2014
The Korea Communications Commission announced Wednesday that the plenipotentiary conference of the International Telecommunication Union will be held in Busan in 2014.The meeting, which will be organized for three weeks from Oct. 20-Nov. 7, is a meeting launched every four years by the ITU, an organ
Oct. 12, 2011
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Korea to allow foreign hospitals in free zones
The government will revise health and welfare regulations to enable foreign hospitals to set up operations in free economic zones, the Ministry of Knowledge Economy said Wednesday.The ministry said that concerned ministries including the Ministry of Health and Welfare and the Ministry of Strategy an
Oct. 12, 2011
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OECD: Korean economy in ‘slowdown’ phase
Major European economies see leading indicators slump on debt woesKorea’s economic conditions declined for three months in a row based on the composite leading indicator of the Organization for Economic Cooperation and Development, data showed on Wednesday. Korea’s CLI for August stood a
Oct. 12, 2011
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Smart Korea shows off the nation’s IT progress, prowess
Visitors look around the booths of participating companies at KINTEX in Goyang, Gyeonggi Province, on Wednesday. (Park Hae-mook/The Korea Herald)Smart Korea 2011 on Wednesday kicked off its four-day run to show off the nation’s IT progress over the past year. The nation’s largest IT exhibition, mark
IndustryOct. 12, 2011
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Kakao Talk to evolve into real-time service platform
Company’s CEO determined to take lead in platform creationKakao Talk said Wednesday that it will evolve into a real-time mobile messaging platform, moving a step further from being merely a free mobile messaging service. Kakao Talk CEO Lee Jae-beom speaks at a press conference on Wednesday. Yo
IndustryOct. 12, 2011
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Kakao Talk unveils features to get instant messages from K-pop
SEOUL (Yonhap) -- Kakao Talk, South Korea's fastest-growing mobile messenger service, introduced new features on Wednesday that allow handset users to receive real-time messages from K-pop stars, companies and local merchants.Its operator Kakao Corp. also added features that enable users to play mob
CompaniesOct. 12, 2011
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BlackBerry woes caused by 'core switch failure'
LONDON (AP) — Email and messaging glitches that have plagued BlackBerry users around the world for a second day were caused by a core switch failure, the smartphone's maker said Tuesday.Research in Motion Ltd. said the disruptions — which affected users from Europe to Latin America &mdas
TechnologyOct. 12, 2011
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Gasoline cars sales up despite high fuel prices
SEOUL, Oct. 12 (Yonhap) -- Sales of gasoline-powered cars in South Korea rose this year from the previous year despite high local fuel prices, an industry report showed Wednesday.The Korea Automobile Manufacturers Association (KAMA) report showed that in the first eight months of the year 67.5 perce
IndustryOct. 12, 2011
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Vitamin E pills linked with prostate cancer risk
CHICAGO (AP) — There is more evidence that taking vitamin E pills can be risky. A study that followed up on men who took high doses of the vitamin for about five years found they had a slightly increased risk of prostate cancer — even after they quit taking the pills.Doctors say it's ano
TechnologyOct. 12, 2011
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S. Korea's jobless rate stands at 3 percent in Sept.
SEOUL, Oct. 12 (Yonhap) -- South Korea's jobless rate stayed unchanged in September from a month earlier but job growth was showing signs of slowing down after recent marked expansions, a report showed Wednesday.The jobless rate stood at 3 percent last month, unchanged from August, according to the
Oct. 12, 2011
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BlackBerry services hit in Latin America, India
LONDON (AP) -- BlackBerry's woes spread on Tuesday as the smartphone's maker reported service disruptions for a second straight day in Europe, the Middle East and Africa and fresh problems in Latin America and India.Research in Motion Ltd., which makes BlackBerry devices, acknowledged there were ong
TechnologyOct. 12, 2011
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Foreign capital inflow continues to rise
Direct foreign investment into Korea during the first nine months of the year increased from a year ago, but the rate of growth slowed, government data showed Tuesday.According to the Ministry of Knowledge Economy, the amount of foreign investment reported to the authorities during the first nine mo
Oct. 11, 2011
