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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KEPCO leads the way for shared-growth
The country’s main electricity supplier Korea Electric Power Corp., which marked its 50th anniversary this year, is renewing its efforts to become a socially responsible company.In addition to drawing up plans for becoming one of the world’s top five energy and engineering firms by 2020, the c
IndustryAug. 24, 2011
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Korean builders brace for post-Gadhafi boom
Korean engineering and construction firms are ratcheting up their ambitions in Libya as the waning days of a six-month civil war signal new business opportunities in the North African country. Colonel Moammar Gadhafi’s fate remains uncertain and rebel forces face a long slog to stabilize the country
Aug. 24, 2011
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Scientists identify origin of current cholera pandemic
A team of scientists has successfully identified the original source of the current global cholera pandemic, a finding that could help scientists understand the mechanisms behind the spread of the disease, the Seoul-based International Vaccine Institute (IVI) said Thursday.By analyzing the genomes o
BusinessAug. 24, 2011
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Greenpeace finds toxic chemicals in branded clothing
BEIJING (AFP) - Traces of toxic chemicals harmful to the environment and to human health have been detected in products made by 14 top clothing manufacturers, Greenpeace said Tuesday.Samples of clothing from top brands including Adidas, Uniqlo, Calvin Klein, H&M, Abercrombie & Fitch, Lacoste, Conver
IndustryAug. 24, 2011
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Report says Sprint to get iPhone in October
NEW YORK (AP) — Sprint Nextel Corp., the country's third-largest cellphone company, will start selling the iPhone in mid-October, The Wall Street Journal said Tuesday.Citing unnamed people familiar with the matter, the newspaper said the wireless company will get to sell both the new iPhone 5
TechnologyAug. 24, 2011
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Japan Credit Rating Cut to Aa3 by Moody's
Japan’s sovereign-credit rating was lowered by Moody’s Investors Service, which cited “weak” prospects for economic growth that will make it difficult for the government to rein in the world’s largest public debt burden. Moody’s lowered the grade by one step to Aa3, with a stable outlook, it said in
Aug. 24, 2011
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Korea bans citizens from traveling to Syria
South Korea on Tuesday banned its citizens from traveling to Syria amid deepening conflict between protesters and government forces in the country, the foreign ministry said.The travel ban will go into effect next Tuesday and will be in place for six months, according to the ministry. Those who do n
BusinessAug. 23, 2011
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Korea’s external debt hits fresh high of $398 billion
Korea’s external debt hit a fresh high of $398 billion as of the end of June on steady inflow of foreign capital on bonds, the Bank of Korea said Tuesday.The growth of short-term foreign debt, considered more volatile to external shocks, grew $1.3 billion to $149.7 billion in the three months. Overs
Aug. 23, 2011
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Busan to host international AIDS forum
4,000 experts from 70 countries to attend 10th Asia-Pacific AIDS CongressA major international conference on AIDS kicks off its five-day run on Friday at BEXCO in the southern port city of Busan, the local organizing committee said Tuesday. The 10th International Conference on AIDS in Asia and the P
TechnologyAug. 23, 2011
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With sense of crisis, Korea braces for software war
Korea’s information technology industry is facing crisis after enjoying a top spot for about 20 years with the government only stressing hardware and thinking less of software.Following recent mergers of global firms, such as Google’s acquisition of Motorola and Hewlett-Packard’s takeover of Autonom
IndustryAug. 23, 2011
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Samsung’s Lee stresses role of female executives
Samsung Electronics chairman Lee Kun-hee on Tuesday said women must be encouraged to become corporate CEOs when he lunched with a handful of the group’s female executives.“Women whose careers end before having a chance to become a CEO may not have fully exerted their potential,” Lee was quoted as sa
IndustryAug. 23, 2011
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Top 4 firms lose big in bearish market
Companies with greater global exposure lost almost W130trThe stock value of local conglomerates took a nosedive this month, with the total market capitalization of the nation’s top four companies shedding 128.8 trillion won ($11.8 billion).The decline over the past 15 days was an average 22.8 percen
IndustryAug. 23, 2011
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Sales of Samsung 3-D TVs plunge in China
South Korean electronics behemoth Samsung Electronics Co. is suffering a decline in sales of its 3-D TVs in China due to increased competition, an industry report showed Tuesday.According to the report by market research firm DisplaySearch, Samsung Electronics accounted for 9.3 percent of the 3-D TV
IndustryAug. 23, 2011
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Exports to Libya plummet 88 percent
Korea’s exports to Libya dove nearly 88 percent between January and July in the wake of a civil war that has pummeled the North African economy, a report showed Tuesday.According to the Korea International Trade Association, Korean exporters shipped a mere $119 million worth of goods to Libya in the
Aug. 23, 2011
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‘Jeonse’ deposits exceed 50% of home prices
“Jeonse” prices soared in the metropolitan area to exceed half the value of new homes last month, research found Tuesday. The lump sum deposit that a tenant has to pay to the landlord reached 50.1 percent of home prices last month, the highest since 2006, research firm Real Today said. A passe
IndustryAug. 23, 2011
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Fiscal woes may hit key sectors
Ratings agency expects chip, construction, savings bank sectors to sufferKorea’s construction and semiconductor industries could be severely damaged by fiscal woes in Europe and the United States, a local credit rating company predicted.Industries vulnerable to external shocks picked by NICE Investo
Aug. 23, 2011
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BOK to open Shanghai office later this year
South Korea’s central bank said Tuesday that it plans to open an office in Shanghai later this year in a bid to better monitor the Chinese markets and brace for the financial market opening there.The Bank of Korea said it plans to dispatch two employees on Wednesday to an envisioned office in Shangh
Aug. 23, 2011
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Officials pressed brokerages to alter economic reports
The government pressured brokerage houses to change their outlook on the Korean economy in their reports from “gloomy” to “positive,” financial industry sources said.The move has sparked fury from some economists and analysts who said the “nonsensical” intervention encroached on the independent rese
Aug. 23, 2011
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Homo erectus was first master of the kitchen: study
WASHINGTON (AFP) -- The first ancestor of modern humans to have mastered the art of cooking was likely homo erectus, which evolved around 1.9 million years ago, according to a US study published Monday.The ability to cook and process food allowed homo erectus, the Neanderthals and homo sapiens to ma
TechnologyAug. 23, 2011
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Most students drink to get drunk: study
The majority of people, particularly college students, drink alcohol not because of its taste, but to get drunk, a study found. “They intend to get intoxicated,” Scott Geller, a psychologist and professor from the University of Virginia, was quoted as saying by USA Today. (MCT)Although the indi
TechnologyAug. 23, 2011
