Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Opposition chief acquitted of instigating perjury
-
10
Job creation lowest on record among under-30s
-
Brokerages move toward investment banking
Daewoo, Woori and Samsung jump on the IB bandwagon; Hyundai, Korea weigh optionsSince the Korean financial regulator set the standard for designating homegrown investment banks, local brokerages are racing to increase their paid-in capital to qualify for the potentially lucrative business. The Finan
Oct. 11, 2011
-
New KOTRA chief vows to help SMEs boost exports
The new head of the Korea Trade-Investment Promotion Agency pledged on Tuesday to open the door to exports for small- and medium-sized enterprises as he laid out his company’s roadmap for the next three years.Hong Suk-woo, an ex-chief of the Small & Medium Business Administration, took office at the
IndustryOct. 11, 2011
-
Card, capital firms face scrutiny
The Financial Supervisory Service plans to launch an on-the-spot probe soon into the credit card and capital services industries amid a series of financial accidents involving customer information leaks among loan issuance firms.The action comes after a great amount of personal information was leake
Oct. 11, 2011
-
Hallyu stars boost food brand sales in Korea
VIPS, a local steakhouse chain owned by CJ Foodville, has seen a 30 percent increase in its sales since singer/actor Rain became a commercial model for the company in July. “Many of the new customers are Rain’s fans from China and Japan who have watched the TV commercials through YouTube,” said a CJ
IndustryOct. 11, 2011
-
World Bank to open regional consultation center in Seoul
The World Bank will open a consultation center in Seoul as part of their efforts to provide advice on finance to developing countries in the East Asia and Pacific region, the Finance Ministry said Tuesday.The agreement was reached under a memorandum of understanding signed between Choi Jong-ku, a de
Oct. 11, 2011
-
Financial firms set to pay hefty bonuses
South Korea’s financial regulator has urged local bank chiefs to stem excessive dividend payments and set aside enough money to brace for worsening shockwaves stemming from the ongoing global uncertainty, sources said Tuesday.The move comes on the heels of projections that local banks are expected t
Oct. 11, 2011
-
Mega beats Mimi for world's biggest virus
PARIS (AFP) - A virus found in the sea off Chile is the biggest in the world, harbouring more than 1,000 genes, surprised scientists reported on Monday.The genome of Megavirus chilensis is 6.5 percent bigger than the DNA code of the previous virus record-holder, Mimivirus, isolated in 2003.Viruses d
TechnologyOct. 11, 2011
-
Siberian region 'confirms Yeti exists'
MOSCOW (AFP) - A Russian region in Siberia on Monday confidently proclaimed that its mountains are home to yetis after finding "indisputable proof" of the existence of the hairy beasts in an expedition.The local administration of the Kemerovo region in the south of Siberia said in a statement on its
TechnologyOct. 11, 2011
-
Luxury brands probed over commission charges: FTC
The Fair Trade Commission said Tuesday that it has launched an investigation into major local and foreign brands sold at the so-called “Big Three” department stores in the nation. The probe started as part of the antitrust regulator’s determination to root out unfair business activities in the retai
IndustryOct. 11, 2011
-
Korean trading companies rush to tap overseas ...natural resources
South Korean trading companies are rushing to develop overseas natural resources as part of efforts to diversify their business portfolios and seek new growth engines, industry sources said Tuesday. LG International Corp., the country’s leading coal trader, started commercial production this month a
Oct. 11, 2011
-
Automobile output jumps 10.3% in Sept.
South Korea’s automobile production increased 10.3 percent on-year in September on strong demand from both domestic and overseas markets, the government said Tuesday.The country’s five carmakers produced 374,014 vehicles last month, compared with 339,077 in the same period last year, according to th
Oct. 11, 2011
-
STX eyes $200m sales from Indonesian coal mine
STX Corp. plans to increase revenues generated from its coal mine in Indonesia to $200 million next year, and push up the mine’s output to 5 million metric tons by 2013.STX Corp. acquired 40 percent of the mine from the Indonesian mining firm PT Indoasia Cemerlang at the beginning of the year for $3
IndustryOct. 11, 2011
-
Producer inflation falls to 9-month low in Sept.
South Korea’s producer prices grew at the slowest pace in nine months in September as prices of agricultural products fell, the central bank said Tuesday.The producer price index, a barometer of future consumer inflation, rose 5.7 percent in September from a year earlier, slowing from a 6.6 percent
Oct. 11, 2011
-
New study sees little need for vitamins, cites risks
WASHINGTON (AFP) -- There is no need for most people to take vitamin supplements and some may even be linked to a higher risk of dying in older women, according to a study published Monday in the United States. (MCT)Iron stood out among supplements as a particular concern, while calcium appeared to
TechnologyOct. 11, 2011
-
Korean financial firms set to pay hefty bonuses
South Korean financial companies are expected to dole out massive amounts of bonuses to their employees on the back of their robust profits, market watchers said Tuesday, raising concerns the move may spark similar anger here that is fueling protests on Wall Street.Local banks and brokerages racked
Oct. 11, 2011
-
After long wait, Facebook releases iPad app
NEW YORK (AP) -- One of the enduring questions of the technology world: “When will iPad users get their very own Facebook app?”That question was answered Monday as Facebook released an updated version of its iPhone application, one that's also designed to fill out the iPad's larger screen.The lack o
TechnologyOct. 11, 2011
-
Apple says pre-orders of iPhone 4S break record
NEW YORK (AP) -- Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year's model. Apple CEO Tim Cook talks about the iPhone 4S during an announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 4, 2011. (AP-Yonhap News)Apple Inc. an
IndustryOct. 11, 2011
-
S. Korea's produce price growth hits 9-month low in Sept.
SEOUL (Yonhap) -- South Korea's producer prices grew at the slowest pace in nine months in September as prices of agricultural products fell, the central bank said Tuesday.The producer price index, a barometer of future consumer inflation, rose 5.7 percent in September from a year earlier, slowing f
Oct. 11, 2011
-
Korea sets drastic emission cut goal
South Korea’s top businesses such as POSCO and Samsung Electronics Co. will have to significantly cut their greenhouse gas emissions output in 2012 to help stem global climate change, the government said Monday.The Ministry of Knowledge Economy said leading steelmaker POSCO needs to cut emission lev
Oct. 10, 2011
-
SC First Bank set to drop Korean name
Standard Chartered First Bank will drop the “First” from its name, becoming Standard Chartered Bank within this year, the bank said Monday. “It’s not going to happen within this month, but we plan to change the bank’s name before the end of the year,” the bank’s Seoul official said Monday.The change
IndustryOct. 10, 2011