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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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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Opposition chief acquitted of instigating perjury
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Testosterone drop helps men do dad-duty: study
Men experience a drop in testosterone after the birth of their children, a phenomenon that may help them meet the challenges of caring for their offspring, said a study released on Monday.Testosterone is a hormone that fuels male sexuality, aggression and physical robustness, and is typically highes
TechnologySept. 14, 2011
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Census: U.S. poverty rate swells to nearly 1 in 6
WASHINGTON (AP) -- The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.The Census Bureau's an
Sept. 14, 2011
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Samsung Card to sell stake in affiliate Everland
Samsung Card Co., one of South Korea's leading credit card firms, said Wednesday it plans to sell part of its stake in its unlisted affiliate Samsung Everland Inc., the de facto holding company of Samsung Group.Samsung Card plans to sell a 20.64 percent stake in Samsung Everland and sent requests fo
IndustrySept. 14, 2011
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Scientists: Bacteria spreading in warming oceans
BRUSSELS (AP) -- Warning: The warming of the world's oceans can cause serious illness and may cost millions of euros (dollars) in health care.That is the alarm sounded in a paper released online Tuesday on the eve of a two-day conference in Brussels. (MCT)The 200-page paper is a synthesis of the fin
TechnologySept. 14, 2011
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Firms take more open approach to recruiting in H2
More companies focus on interviews in English, rather than results of written testsThe second-half recruitment drive of local firms has begun in earnest with many of the country’s largest firms including Samsung Group, Hyundai Motor Co. and KT Corp. opening applications.While there is nothing unusua
IndustrySept. 13, 2011
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Samsung files patent complaint against Apple in France
PARIS (AFP) ― South Korea’s Samsung Electronics said Monday it had filed a complaint in France against its U.S. rival Apple for infringement of three mobile phone technology patents in its iPhone and iPad tablet computers.“The complaint focuses on three technology patents, and not on the design of t
TechnologySept. 13, 2011
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POSCO to buy Pakistani steelmaker shares
POSCO, the world’s fourth-largest steel producer, is seeking to beef up its presence in South Asia by acquiring shares in a Pakistani steel company.The Korean steel giant said Tuesday it has clinched a deal with Al Tuwairqi Holding Co. of Saudi Arabia to buy a 15.34 percent stake in Tuwairqi Steel M
IndustrySept. 13, 2011
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Doosan Heavy wins desalination plant order from Saudi Arabia
Doosan Heavy Industries & Construction Co. has secured an $80 million deal to build a desalination plant in Saudi Arabia, the country’s leading power equipment maker announced Tuesday. Under the deal with Marafiq, a state-run utility, Doosan will set up a plant to produce 54,000 tons of fresh water
IndustrySept. 13, 2011
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KITA warns of email hacking scam
The Korea International Trade Association urged local trading companies on Tuesday to watch out for email scams as a growing number of hackers break into the firms’ email accounts to snatch money, taking advantage of online transactions.Hackers usually breach email accounts of staff members at a com
IndustrySept. 13, 2011
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Microsoft mulls Korea as site of new data center
Global software giant Microsoft Corp. said Tuesday it is looking into setting up a data center in Korea.Microsoft Korea said its country manager James Kim told Choi See-joong, chairman of the Korea Communications Commission, that he would strongly recommend establishing a data center for the Asian r
IndustrySept. 13, 2011
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Louis Vuitton opens first airport store
Incheon Airport expects opening to help attain goal of becoming No. 1 duty free stopLouis Vuitton on Saturday opened its first-ever airport store at Incheon International Airport in partnership with Shilla Duty Free.With the new opening of the 550-square-meter mega store, industry sources expected t
IndustrySept. 13, 2011
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Samsung mulls comeback to Japanese TV market: source
Samsung Electronics Co., the world’s top TV supplier, is considering a reentry into the Japanese TV market after it quit the country four years ago, an industry source said Tuesday. Negotiations between Samsung and one of the top three Japanese retailers are underway, which could start sales of Sams
IndustrySept. 13, 2011
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Brokerages spend W100b on entertaining clients
South Korea’s brokerage houses annually spend more than 100 billion won ($92 million) on wining and dining their clients, Financial Supervisory Service data showed on Tuesday. In a single business day, about 400 million won worth of meals and entertainment expenses are signed off for entertaining cl
Sept. 13, 2011
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European funds unload stocks, bonds on Seoul market: data
European funds valued at about 5.5 trillion won ($5 billion) are estimated to have pulled out of South Korea’s stock and bond markets since August according to the country’s financial regulators’ data, underscoring the volatile sentiment gripping jittery investors.The sell-off came after the histori
Sept. 13, 2011
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Brokerages lack financial health
Data shows Korean firms lag behind foreign rivals in soundnessKorean securities firms are of weak financial soundness compared to foreign brokerage houses in Korea, a regulatory report has shown.Data from the Financial Supervisory Service showed Tuesday that 42 local brokerages posted an average net
Sept. 13, 2011
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K5 hybrid listed in Guinness Book
Kia Motors said Tuesday that the hybrid-version of the K5, or Optima in the U.S., was registered in the Guinness Book of Records by recently posting about 27.5 kilometers per liter in fuel efficiency.Starting Aug 26, the automaker carried out a challenge driving of the sedan for 12,710 kilometers fo
MobilitySept. 13, 2011
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Electric cars strut their stuff in Frankfurt Motor Show
The IAA Frankfurt Motor Show, kicking off Thursday, will pit the latest electric cars equipped with the best environmental credentials and designs. High-end brands including BMW, Audi and Volkswagen will showcase the next-generation cars at one of the largest motor shows in the world held biannually
MobilitySept. 13, 2011
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LG Poland cluster: Electronics giant’s EU hub
Korean conglomerate’s industrial complex reflects chairman’s commitment to growth synergy in overseas projectsWROCLAW, Poland ― About 300 kilometers to the southwest from Poland’s capital Warsaw is a large LG cluster in the heart of a special economic zone in Wroclaw, one of the main cities in this
IndustrySept. 13, 2011
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Buffett adds investment exec as part of succession
OMAHA, Nebraska (AP) -- Berkshire Hathaway has hired a second hedge fund manager to help run the company's investment portfolio and prepare for what it described as the eventual retirement of 81-year-old billionaire Warren Buffett.Berkshire said Monday that Ted Weschler will join the Omaha-based com
Sept. 13, 2011
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Wayward penguin 'Happy Feet' missing in action
WELLINGTON, New Zealand (AP) -- The wayward penguin known as ``Happy Feet'' is missing in the Southern Ocean.Experts tell The Associated Press the most likely scenario is that the emperor penguin's satellite transmitter fell off. The small unit was attached to his feathers with super glue and was de
TechnologySept. 13, 2011
