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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SC First Bank union plans six-month partial strike
The labor union at SC First Bank said it would continue its strike even after returning to work next week, in its ongoing battle with management over the bank’s push to introduce performance-based pay. About 3,000 unionized workers at the local unit of Standard Chartered Plc will resume work from ne
Aug. 26, 2011
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LG, GM join hands to build electric cars
Joint efforts to put more eco-friendly vehicles on the roadLG Corp. and U.S. automaker General Motors signed a deal to jointly build next-generation electric cars to strengthen their partnership amid the growing demand for eco-friendly vehicles, the Seoul-based company said Friday.The agreement was
IndustryAug. 26, 2011
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AD Stars aims to be Asia’s No. 1 advertising festival
BUSAN ― AD Stars 2011, which marks its fourth anniversary this year, is the world’s first on-offline convergence advertising festival held in Busan, Korea’s southeastern port city. “Unlike other international advertising events, the Busan festival actually takes place all year long,” said Choi Hwan-
IndustryAug. 26, 2011
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Watchdog demands retailers...slash commission charges
The Fair Trade Commission has demanded major retailers cut commission they charge traders who use their floor space.The corporate watchdog plans to pressure business groups by disclosing the commission fees they charge merchants, who often have no other option but to comply to the rules set by depar
Aug. 26, 2011
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SK chairman leads support for social enterprises
SK Group, in addition to being the country’s third-largest conglomerate, has been one of the staunchest supporters of social enterprises with its chairman Chey Tae-won taking part in related activities. “The chairman believes that simple donations have limited efficacy in solving social problems,” a
IndustryAug. 26, 2011
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SK Telecom knocks on new doors, maintains technological edge
Carrier sees advantage in 4th-generation techThe country’s largest mobile telecom services provider SK Telecom has been putting CDMA and WCDMA technologies to commercial use ahead of its peers both in and outside the Korean market.Since 2005, the company has invested funds equivalent to more than 14
IndustryAug. 26, 2011
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Watchdog issues institutional caution on KEB
SEOUL, Aug. 26 (Yonhap) -- South Korea's financial regulator said Friday it has issued an institutional caution as well as a 54.5 million won (US$50,332) fine on Korea Exchange Bank (KEB) for breaching regulations on loan and personal information."An institutional caution and fine were imposed on th
Aug. 26, 2011
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First smoke of the day could be the worst, cancer researchers say
Smoking a cigarette right after getting out of bed can increase chance of getting cancer even more than smoking at other times, American researchers revealed on Thursday.A team of scientists from Penn State College of Medicine found out that those who smoked within an hour after waking up were
TechnologyAug. 26, 2011
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Obesity costs set to surge, with US in lead - Lancet studies
PARIS, Aug 26, 2011 (AFP) - One in every two American adults will be obese by 2030, adding hugely to the country's health costs, according to studiespublished on Friday that highlight the growing burden of the world's obesitypandemic.On present trends, 50-51 percent of American men and 45-52 percent
TechnologyAug. 26, 2011
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Nokia launches its cheapest phones at $30-$35
HELSINKI (AP) _ Nokia on Thursday unveiled its two cheapest cellphones to date aimed at attracting users in the low end market as it fights increasing competition from Asian manufacturers.The Nokia 100 and 101 _ priced $30 ((euro) 20) and $35 ((euro) 25) respectively _ will be available in the third
TechnologyAug. 26, 2011
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Shinhan Financial to set up group management board next month
SEOUL, Aug. 25 (Yonhap) -- Shinhan Financial Group Co. said Thursday that it will set up a special management board next month to improve openness and transparency at South Korea's No. 3 banking group.The financial group said the board will be made up of CEOs from its six major affiliates such as Sh
Aug. 25, 2011
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Banks urge customers to change passwords
Amid the growing risks of private information being leaked online, financial companies are waging a security campaign to persuade customers to alter their online transaction passwords.The promoters include major commercial banks, insurance companies and credit card firms. Via their homepages, they r
Aug. 25, 2011
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POSCO to open Silicon Valley-style ideas marketplace
POSCO, the country’s leading steel producer, said Thursday it would create an Idea Marketplace for venture firms to trade business concepts to help small and medium enterprises.The marketplace mirrors a mechanism widely used in Silicon Valley, where startup hopefuls pitch ideas to potential investor
Aug. 25, 2011
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AD Stars 2011 kicks off in Busan
BUSAN ― AD Stars 2011, an international advertising festival, kicked off its three-day event on Thursday in this southeastern port city of Busan.The event, which celebrates the fourth anniversary this year, was the world’s first on-offline convergence advertising festival. Some 700 advertising indus
IndustryAug. 25, 2011
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Shinhan Financial to nominate poolof potential CEOs
New plan aimed at ensuring transparency in management lineupShinhan Financial Group decided to nominate several candidates for chief executives of the group, starting next month, under its effort to raise transparency in management structure.Board members of the nation’s third-largest financial grou
Aug. 25, 2011
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Corporate Korea braces for post-Jobs Apple
The immediate impact of Steve Jobs’ departure from Apple is uncertain, but over the longer term, Korea’s corporate sector ― along with the rest of the world ― will surely feel the absence of the legendary IT visionary, industry watchers here said.“Jobs is a man who had a distinct vision and who crea
IndustryAug. 25, 2011
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Dutch court rejects most Apple claims
Samsung says ruling affirms innovative qualities of its productsA ruling from a Dutch court rejecting most of Apple’s claims that Samsung’s smartphones and tablets infringe its intellectual property is expected to give the local electronics company an advantage in its ongoing legal dispute with the
IndustryAug. 25, 2011
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Hyundai Capital chief Chung reprimanded for hacking
The financial regulator on Thursday publicly reprimanded Hyundai Capital CEO Ted Chung for failing to protect customer information against the hacking incident that leaked the personal information of about 1.75 million customers in April. Hyundai Capital was issued a warning, a softer reprimand. Ted
Aug. 25, 2011
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Trade chief slams calls for U.S. FTA renegotiation
Trade Minister Kim Jong-hoon dismissed opposition parties’ call for the renegotiation of Korea’s free trade agreement with the United States. “Calls for renegotiation are unrealistic at present as both sides are in earnest moving toward its ratification,” Kim said, speaking at a forum organized by t
Aug. 25, 2011
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Government tightens gasoline price control
The government Thursday said it will clamp down on oil refiners overcharging for fuel by pushing their corporate clients to switch to gas stations with more competitive pricing.The fresh fuel price control plan is based on findings that some gas stations were able to maintain high prices because gov
Aug. 25, 2011
