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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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Firms’ loan growth hits near-2-year high in Q2
South Korean financial firms’ corporate loans grew at the fastest pace in nearly two years in the second quarter as the economic recovery continued, the central bank said Tuesday.Corporate lending extended by banks and non-bank institutions stood at 746.5 trillion won ($695.1 billion) as of the end
IndustryAug. 30, 2011
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Questions arise over loan controls
Skepticism emerges on real role of financial authoritiesTop financial regulators’ move to curb the growth of household lending in the banking sector doesn’t appear to have gained widespread support, even among ordinary regulatory officials.Financial Services Commission chairman Kim Seok-dong has rep
Aug. 30, 2011
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IFA 2011 to feature new wireless gadgets, 3-D TVs
Samsung plans to unveil new Bada phones; LG readies smart 3-D TVs with new contentLocal firms are preparing to showcase a wide range of wireless gadgets as well as 3-D TVs for the global trade show IFA which is scheduled to be held from Sept. 2-7 in Berlin.LG Electronics, which is expected to concen
TechnologyAug. 30, 2011
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Two ramyeon brands face mixed fates
Two prominent figures in Korea’s instant noodle industry gambled with new products this year, with totally different consequences revealed on Tuesday. Nongshim, the nation’s largest instant noodle maker, announced Tuesday it has decided to stop producing Shin Ramyun Black, whose sales started four m
IndustryAug. 30, 2011
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Medieval plague may be extinct
WASHINGTON (AP) -- The version of plague that caused the Black Death in 14th century Europe may now be extinct, researchers report, but other deadly forms remain in circulation today.The plague that ravaged Europe wiped out nearly a third to two-thirds of the population according to various estimate
TechnologyAug. 30, 2011
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Amazon tablet seen as worthy iPad rival
With Amazon reportedly poised to launch a tablet computer, technology research firm Forrester is predicting the device could be the first legitimate challenger to Apple's iPad.Forrester Research analyst Sarah Rotman Epps, in a blog post accompanying a report released Monday, said Amazon taking on Ap
IndustryAug. 30, 2011
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U.N. warns of bird flu resurgence, new Asian strain
ROME (AP) _ The United Nations warned Monday of a possible resurgence of the deadly bird flu virus, saying wild bird migrations had brought it back to previously virus-free countries and that a mutant strain was spreading in Asia. (MCT)A mutant strain of H5N1, which can apparently sidestep defenses
TechnologyAug. 30, 2011
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LS Cable develops electric car charger
LS Cable and System has become the first Korean firm to develop a portable electric vehicle charger, the company announced Monday.According to the company, the charger supplies 3.3 kilowatts of electricity to the vehicle using the standard outlet installed in homes. The device can fully recharge bat
IndustryAug. 29, 2011
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Hyundai Motor to offer suppliers advance payments
Three major units of Hyundai Motor Group have decided to pay their subcontractors in advance ahead of the Chuseok holidays.There are about 2,800 Hyundai subcontractors, with the advance payments for their coming auto parts supply to total 1.15 trillion won ($1.06 billion), group officials said Monda
Aug. 29, 2011
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SKT wins coveted wireless spectrum
Fierce bidding for the 1.8 GHz bandwidth ends at 995 billion wonSK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The K
IndustryAug. 29, 2011
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Gold still No.1 reward for long-serving workers
Amid soaring gold prices, companies maintain gold reward for long-term workersLotte Department Store, a leading retailer, has maintained a unique reward system for long-term employees for more than 20 years ― offering a gold nugget. Starting with the 10 dons of gold given to workers who have worked
IndustryAug. 29, 2011
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BASF to invest in Korea
The chemicals company BASF SE will begin looking ofr a Korean firm to invest in, on Tuesday as part of the Global Alliance Project Series program, the Ministry of Knowledge Economy announced Monday. Through the program, the German chemicals giant will present investment plans to local battery and or
IndustryAug. 29, 2011
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Korea unveils world’s largest tidal power plant
Korea introduced the world’s largest tidal power plant on Monday, eight years after it broke ground for a project aimed at boosting renewable energy use. The facilities in Sihwa on the western outskirts of Seoul will enter full-fledged operation in December with a total capacity of 520 megawatts, th
IndustryAug. 29, 2011
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Samsung’s insurance units top payment reserve lists
Samsung Life and Samsung Fire & Marine hold the largest payment reserves among local life and non-life insurance companies, according to the Financial Supervisory Service.FSS data showed that Samsung Life holds 99.1 trillion won ($91.7 billion) in provisions for insurance payments to customers, topp
Aug. 29, 2011
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BAT Korea eyes premium cigarette market in Korea
Company targets sector that grows fastBritish American Tobacco Korea is striving to shore up its presence in the Korean market with premium cigarette products.The Korean unit of the global manufacturer has been diversifying its portfolio of pricey cigarettes with Dunhill and Kent brands in a bid to
IndustryAug. 29, 2011
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BAT Korea committed to social contribution
British American Tobacco Korea is shoring up its social responsibility efforts through community services and funds for social enterprises and cultural foundations.The multinational group’s local unit said it has been striving to map out campaigns that contribute to Korean society, offering more tha
IndustryAug. 29, 2011
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Apple wins more delay from Samsung in Australia tablet sale
Apple Inc. won a further delay in the release of Samsung Electronics Co.’s newest tablet computer in Australia, with the South Korean company agreeing not to sell the Galaxy Tab 10.1 until the end of September. Apple, based in Cupertino, California, sued Samsung in Sydney Federal Court last month, c
TechnologyAug. 29, 2011
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SK Telecom wins 'golden' spectrum license for 995b won
SK Telecom acquired the 20-megahertz band of the 1.8 gigahertz range for 995 billion won ($926.67 million) in the country’s first wireless broadband spectrum auction after its rival KT Corp. withdrew from the competition on Monday.The Korea Communications Commission said KT decided to raise the whit
TechnologyAug. 29, 2011
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Glass ceiling remains in S. Korea's big firms
SEOUL, Aug. 29 (Yonhap) -- South Korean women working for big companies remain at a disadvantage in getting promotions despite calls for more female CEOs and senior managers, a report by a local think tank said Monday.The Korean Women's Development Institute (KWDI) said that as of late last year, th
IndustryAug. 29, 2011
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Korea could lower growth outlook for this year: minister
South Korea could revise downward its growth outlook for this year, the nation's top economic policymaker hinted Monday, citing lingering uncertainties at home and abroad."Overall, there are downside risks (on growth)," Finance Minister Bahk Jae-wan told a forum held in central Seoul. "We stick to o
Aug. 29, 2011
