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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AhnLab shares sparkle as founder mulls mayoral bid
Shares of AhnLab, the country’s best-known internet security solutions provider, jumped by the daily limit of 15 percent for a second day after its founder Ahn Cheoul-soo said he is mulling a mayoral bid.AhnLab shares soared 14.95 percent from Friday’s close as investors flocked to bet on the likeli
IndustrySept. 5, 2011
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Salt prices increase to 30-year record
Salt prices surged 42.8 percent in August from a year earlier, the highest growth since 1981, government data showed Monday.According to Statistics Korea, salt prices have increased for eight consecutive months this year. In August the prices jumped 13.6 percent from July. Fears over the potential r
IndustrySept. 5, 2011
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FSS seeks insurance globalization
500 officials in 70 nations to attend global regulatory meetingAbout 500 regulatory officials and CEOs in the insurance industry from 70 nations are set to attend one of the world’s three major financial supervisory meetings, slated for later this month in Korea.The 18th annual conference of the Int
Sept. 5, 2011
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Shinsegae to build mammoth shopping mall
Shinsegae Group said Monday it will build a multiplex shopping mall in Hanam, Gyeonggi Province, by 2015 in a partnership with a U.S.-based developer Taubman Centers. Located at a 117,000-square-meter site in Hanam, one of Seoul’s satellite cities, Hanam Union Square will be the largest shopping mal
IndustrySept. 5, 2011
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Eyes turn to ‘passive’ 3-D display technology
Easier, cheaper 3-D glasses to attract greater number of consumersBERLIN ― The launch of 3-D televisions is nothing new to the industry. In fact, the products dominated last year’s global electronics trade show IFA.The industry, however, is eying the future development of passive 3-D technology, als
IndustrySept. 5, 2011
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Aquino performance hampers growth in Philippines
Administration’s under-spending on infrastructure blamed for slower economic growthLess optimistic than most assessments tracking the slump of Philippine economic growth since President Benigno Aquino took office in July last year, Credit Suisse, the Swiss financial services firm, has downgraded its
Sept. 5, 2011
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Small car sales rise to year high on economic worries
Small car sales rise to year high on economic worries Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5
MobilitySept. 5, 2011
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iphone 5 would be thinner and wider
Rumor has it that Apple’s iPhone 5 will be wider, longer, and thinner than its predecessor.Italian blog MacityNet recently posted set of new photos of iPhone cases and claimed that these cases will fit the next generation of Apple’s smartphones. Case manufacturers become frequent sources for Apple r
TechnologySept. 5, 2011
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CDC: 2 children sickened by novel swine flu strain
A new strain of swine flu has shown up in two children in Pennsylvania and Indiana who had direct or indirect contact with pigs. The virus includes a gene from the 2009 pandemic strain that might let it spread more easily than pig viruses normally do.So far, there's no sign that the virus has spread
TechnologySept. 5, 2011
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Gender inequality remains prevalent in Korean workplaces
Women’s standing in Korean society has seen significant improvement over the decades, but inequality remains in the workplace.According to a report by the Organization for Economic Cooperation and Development, while Korea ranks third among member countries in terms of the proportion of women with un
IndustrySept. 4, 2011
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Taiwanese giving thanks with Korean ginseng
This is the third installment of a series that spotlights Korean products enjoyed by people overseas. ― Ed. Cheng Sheng I, a Taiwanese dealer for Cheong Kwan Jang, the Korean red ginseng brand name solely owned by Korea Ginseng Corp., is currently busy dealing with soaring orders from stores nationw
IndustrySept. 4, 2011
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LG targets 20 percent of global 3-D TV sales
BERLIN ― An executive of LG Electronics said Sunday that it aims to take 20 percent of global 3-D TV sales by the end of this year.In a press conference with the Korean media on the sidelines of the global trade show IFA 2011, Kwon Hee-won, the company’s TV chief, said it was aiming for more than 20
IndustrySept. 4, 2011
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Six drug makers fined W11b for illegal rebates
The Fair Trade Commission said Sunday that it has fined five multinational drugmakers and one local firm a total of 11 billion won ($10 million) for illegal rebate activities. The financial and non-financial benefits given in return for prescriptions and drug orders between August 2006 and March 200
IndustrySept. 4, 2011
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Hyundai tops profit ranks in H1
Hyundai Motor Group’s first half net profit overtook that of Samsung Group for the first time, aided by rising automobile sales and difficulties faced by Japanese carmakers, data showed Sunday.According to the Korea Exchange and the Korea Listed Companies Association, the combined net profit of Hyun
IndustrySept. 4, 2011
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Kakao Talk set to embrace social games
Kakao Talk, the country’s most popular messenger app for smartphones, is to team up with a game developer in a bid to open up a fresh revenue channel amid heightened industry-wide interest in such messenger apps. Kakao Talk has been widely adopted by users of Apple’s iPhone and Android-based smartph
TechnologySept. 4, 2011
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Samsung dominates handset market in Aug.
Samsung Electronics, the country’s biggest mobile handset maker, said on Sunday its domestic market share reached nearly 60 percent in August on the back of stronger demand for its smartphone models led by Galaxy S2.Samsung projected that a total of 2.13 million mobile handsets were sold last month,
IndustrySept. 4, 2011
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Samsung puts new Galaxy Tab on hold as Apple pulls court order
Samsung Electronics Co. is halting promotion of its latest tablet computer in Germany after Apple Inc. won a second injunction blocking Galaxy Tab sales there as one of the world’s largest electronics shows gets under way. Samsung, Apple’s closest rival in tablet computers, pulled the just-unveiled
TechnologySept. 4, 2011
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Korea’s growth on rocky road
Foreign investment banks revise down country’s economic growth projectionsForeign investment banks have revised down their economic growth predictions for South Korea, reflecting worsening external factors such as continuing U.S. and European debt woes that could damage the country’s export-driven e
Sept. 4, 2011
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Ferrari approached for listing on Hong Kong stock exchange
MobilitySept. 4, 2011
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Can electric cars win in the mass market?
CHICAGO (AFP) ― It’s not every day that a U.S. governor accepts an invitation to the launch of a Japanese-built car, but Nissan’s all-electric Leaf offers environmental credentials that top any nationalistic concerns. “Illinois is laying the groundwork for electric vehicles and a more green economy,
MobilitySept. 4, 2011
