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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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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Opposition leader awaits perjury trial ruling
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Korea unveils action plans to cut emissions
Government aims to slash transportation emissions to 34 percent below projected levelsKorea outlined action plans to tackle climate change on Tuesday, breaking down reduction targets for high-emitting sectors in the medium term.The pan-governmental plan was devised to put the country’s low-carbon, green growth initiatives in motion, which President Lee Myung-bak launched in 2009 with a goal of cut
IndustryJuly 12, 2011
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Samsung to unveil report on alleged leukemia link
Samsung Electronics on Thursday will unveil the results of a reexamination conducted by a U.S.-based consultancy on a recent court ruling that regarded leukemia as an industrial accident that occurred at a Samsung factory. Environ, a consultancy specializing in environmental and health issues, will be introducing the results of the review at Samsung’s Giheung semiconductor plant and respond to que
IndustryJuly 12, 2011
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CEVA Logistics sees Korea as its fastest growing market
CEO says ‘Intelligent companies’ will pay attention to logistics industryJohn Pattullo, CEO of CEVA Logistics, described his company a “truly international combination.”“Our head office is registered in the U.K., while the company is owned by an American private equity. And the name is Italian,” the Scotsman told The Korea Herald.CEVA Logistics was established in August 2007, from the merger of TN
IndustryJuly 12, 2011
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Business boost as shoppers try to beat wet, hot weather
Businesses are enjoying increased demand for rainy-season items such as rubber boots, umbrellas and dehumidifiers, since the nation entered the seasonal rainy spell last month. Over the past month, E-Mart, South Korea’s largest retailer, saw a surge in sales of umbrellas and rubber boots of 125 percent and 107 percent, respectively. Customers pick out dehumidifying agents and deodorants at a supe
IndustryJuly 12, 2011
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Nonghyup, ministry at odds over restructuring fund
Cooperative is in process of drastic restructuring to spin off financial operation into separate unitThe capital owned by South Korea’s state-run National Agricultural Cooperative Federation, or Nonghyup, stood at 16.1 trillion won ($15.22 billion) as of May, sparking fresh debate about how much the government should fork out to help it split up its units smoothly.Nonghyup is now drawing up a dras
July 12, 2011
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Hyundai-Kia 4th-largest global carmaker in 2010
Korea’s Hyundai Motor Co. and its sister company Kia Motors Corp. emerged as the world’s fourth-largest carmaker in 2010 on solid sales in the United States and China, a Japanese market researcher said Tuesday.Their combined output just surpassed 6.60 million units last year, up 23.6 percent from 5.34 million cars a year earlier, according to Fourin Inc. Hyundai and Kia are the flagship companies
IndustryJuly 12, 2011
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Korea’s H1 pork, beef imports soar on FMD
Korea’s imports of pork and beef surged in the first half of the year from a year earlier due to the spread of foot-and-mouth disease that led to the culling of millions of animals here, a state agency said Tuesday.South Korea imported 219,681 tons of pork in the January-June period, up 120 percent from 99,899 tons a year earlier, according to the Animal, Plant and Fisheries Quarantine and Inspect
July 12, 2011
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Korea, Colombia to resume free trade talks next month
Minister sees completion of negotiations by year endNegotiations for a free trade agreement between Korea and Colombia could be concluded as early as December, Colombian Minister of Trade, Industry and Tourism Sergio Diaz-Granados said on Tuesday.“Working-level officials will hold a round of negotiations in late August, and it was agreed that we will try to finish the negotiations by the end of th
July 12, 2011
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Farm sector faces uphill battle
Korea’s free trade agreement with the European Union is expected to deal a blow to the local agricultural and livestock industry for the next decade as farmers compete with an inflow of cheaper products from the world’s largest economic bloc.The Agriculture Ministry forecasts that farmers here will produce 177.6 billion won ($166.5 million) fewer goods each year for the next 15 years. Stock farmer
July 12, 2011
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BOK likely to freeze interest rate for July: poll
Korea’s central bank is widely expected to freeze the key interest rate for July following a rate hike in June due to growing household debt and lingering external economic uncertainty, a poll showed Tuesday.Eighteen out of 19 economists predicted that the Bank of Korea will freeze the benchmark seven-day repo rate at 3.25 percent on Thursday, according to the survey by Yonhap Infomax, the financi
July 12, 2011
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Games firms hoarding ammo for legal fights
Companies strengthen legal teams to better cope with spiraling number of lawsuitsLocal gaming companies ― many of them operators of globally best-selling games ― are gearing up to better defend themselves at court in the face of mounting legal squabbles. On Monday, NCsoft, one of the nation’s top online gaming companies and creator of some of the industry’s hottest games such as Lineage and Guild
IndustryJuly 12, 2011
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Korea clears way for ‘Angry Birds’ to take on ‘StarCraft’
Apple Inc. customers in South Korea who couldn’t download Rovio Mobile Ltd.’s best-selling “Angry Birds” on their iPhones will soon be able to find out why flinging vindictive fowl at green hogs can be addictive. Korea scrapped rules yesterday requiring developers to have mobile games rated by the government, said Yi Ki-jeong, a manager at the Ministry of Culture, Sports and Tourism in Seoul. The
TechnologyJuly 12, 2011
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Samsung retains LCD TV, 3-D TV leads in EU
Samsung Electronics Co., the world’s largest maker of TVs, maintained its lead in Europe’s major TV markets during the first five months of this year, a market researcher said Tuesday.According to GfK Group, the Korean TV maker accounted for 31.9 percent of Europe’s liquid crystal display TV market in May.Its market share stood at 30.8 percent in the January-May period. Samsung’s hometown rival LG
TechnologyJuly 12, 2011
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Opposites attract? No!
The long-held theory of romance that opposites attract may be wrong a new study suggests.Researchers at University of California, Berkeley found similarity rules when people find themselves drawn to potential romantic partners, the U.K.’s Daily Mail reported. In what they refer to as “matching hypothesis,” men and women fall for the potential partners of their own or similar league and desirabilit
TechnologyJuly 12, 2011
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Samsung smartphones set for space experiments
Astronomers are to conduct various space experiments with Samsung Electronics’ Nexus S Android smartphones carried by the space shuttle Atlantis. Atlantis docked the International Space Station on Sunday after it was launched Friday as the final flight of the U.S. shuttle program. (Yonhap News)Samsung smart phones are to perform various tasks ranging from measuring and inspecting ISS along with a
TechnologyJuly 12, 2011
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S. Korea not bidding for Brazil's bullet train project
South Korea did not submit a bid for a multi-billion dollar high-speed rail project in Brazil, sources said Sunday, on concerns about its low profitability.A South Korean consortium did not submit a preliminary bid for the auction for building a 511-kilometer train network between Sao Paulo and Rio de Janeiro, officials said. The deadline for the bid submission closes on Tuesday.The consortium, le
IndustryJuly 12, 2011
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Senator proposes congressional conference on pending FTA bills
A senior U.S. senator on Monday proposed a joint "mock conference" by the Senate and the House of Representatives to help resolve a deadlock over trade deals with South Korea, Colombia and Panama.President Barack Obama's push for the ratification of the free trade agreements (FTAs) has been complicated, as he has sought to link it with a controversial labor assistance program.Members of Congress l
July 12, 2011
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CJ to pay 1.85 tln won for Korea Express
A consortium led by CJ Group, a South Korean food and entertainment conglomerate, said Monday that it has signed a contract to purchase a controlling 37.62 percent stake in Korea Express for 1.85 trillion won (US$1.75 billion).CJ Cheiljedang Corp. and CJ GLS Inc. will each pay 922.5 billion won to take over South Korea's largest logistics firm from two subsidiaries of cash-strapped Kumho Asiana Gr
IndustryJuly 11, 2011
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Households with divorcees top 1m
The number of divorced householders exceeded the 1 million mark last year, with seven out of 100 living alone after the dissolution of marriage, a government data showed Monday. The state-run Statistics Korea said Monday that the number of divorced householders was 1.26 million as of November, a 40.2 percent increase from five years. The figure has more than doubled over the past 10 years and incr
July 11, 2011
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Auto exports hit new high in first half
Exports of Korean cars reached a record high in the first half of the year, benefiting from the demand drop for Japanese vehicles along with improving consumer sentiment abroad, data said Monday.A report by the Korea Customs Service said Asia’s fourth-largest economy exported $19.1 billion worth of cars in the January-June period, bagging 30.4 percent more revenue than a year earlier. In terms of
IndustryJuly 11, 2011
