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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Apple files complaint against Samsung
Apple Inc. has filed a complaint with the U.S. International Trade Commission to block U.S. sales of Samsung Electronics Co.’s smartphones and tablet PCs, escalating the legal tussle between the two mobile giants. Apple’s ITC filing comes less than one week after Samsung filed a similar complaint with the federal agency, seeking to block Apple from importing the iPhone, iPad and iPod Touch product
IndustryJuly 7, 2011
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POSCO to acquire Southeast Asia’s largest stainless steel maker
POSCO announced Thursday that it signed a share purchase agreement to acquire controlling stakes in the Thai stainless steel maker ThaiNox.ThaiNox is Southeast Asia’s largest stainless steel maker and currently produces about 240,000 metric tons of cold rolled stainless steel on an annual basis.POSCO currently holds a 15 percent stake in the company, and the latest deal will see the steel giant ac
IndustryJuly 7, 2011
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Samsung Electronics’ Q2 earnings fall 26.1%
Source: Samsung Electronics (Yonhap News)Samsung Electronics on Thursday was on par with market forecasts with the announcement that its tentative second quarter operating profit stood at 3.7 trillion won ($3.4 billion), down 26.1 percent from the previous year.Sales rose 2.93 percent from the second quarter of 2010 to reach 39 trillion won to record a 5.43 percent increase from the first quarter.
IndustryJuly 7, 2011
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EU expert urges health care transparency
Maxim MaminKorea and the European Union should pursue integrated standards and regulations on medical equipment to maximize the benefits of a free trade agreement between the two regions, a senior European industry official said.The latest pact became effective on July 1, and eliminates tariffs on medical devices from the EU over seven years. But concerns remain among European manufacturers that e
July 7, 2011
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KRIHS, World Bank sign deal for urban development
Korea Research Institute for Human Settlements President Park Yang-ho (right) and the World Bank Group’s manager of the urban development unit Abha Joshi-Ghani, after signing an agreement to exchange resources on sustainable urbanization. (KRIHS)The Korea Research Institute for Human Settlements, a state-run think tank, said Thursday it has forged an agreement with the World Bank Group to share re
IndustryJuly 7, 2011
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FTA to cut cosmetics, medical prices
Competition is set to become intense between cosmetics and medical equipment firms in Korea and the European Union after the two regions’ free trade agreement came into effect on July 1.Though it will take up to seven years until all the tariffs are eliminated, Korean manufacturers are stoking fears that cheaper European products will erode their competitiveness in the market.European leaders, on
IndustryJuly 7, 2011
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FSS wants savings banks to offer more micro-loans
Financial regulators plan to activate micro-loan issuances to individuals from the savings banking industry by curbing excessive competition among credit card companies.The plan comes as credit card issuers have been vying to issue loans despite customers’ low credit standings.“Though the savings banking industry has been severely damaged due to construction-related toxic loans, there are still ma
July 7, 2011
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‘Apple to unveil new iPhone in third quarter’
Shoppers enter the Apple Inc. Store on Fifth Avenue in New York. (Bloomberg)NEW YORK (AFP) ― Apple plans to launch its next-generation iPhone during the third quarter of the year, The Wall Street Journal reported on Wednesday.The newspaper, citing “people familiar with the situation,” said Apple has placed orders for key components to used in the new version of the iPhone and that it would be thin
IndustryJuly 7, 2011
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Auto industry on hiring spree in U.S.
In two years since brush with death, auto industry has added jobs faster than rest of economyDETROIT (AP) ― Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.Two years after the end of the Great Recession, the auto industry is hiring
IndustryJuly 7, 2011
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LG Electronics cuts smartphone target by 20 pct
LG Electronics Inc., the world's third-largest maker of mobile phones, said Thursday that it expects to sell 24 million smartphones this year, 20 percent fewer than its earlier target, as competition in the lucrative handset market intensifies.The reduced sales target may complicate LG's efforts to revive its money-losing mobile business, which is expected to report a fifth straight quarterly loss
IndustryJuly 7, 2011
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Gene tied to relapse of breast cancer
A group of doctors here have found a gene that could detect the possible recurrence of breast cancer. If cancer treatment is effective, recurrence remains a major threat. The finding could contribute to improved treatment for breast cancer, Prof. Kim Lee-su of Hallym University said.When there are cancer cells, and when teh cancer spreads to the lymph nodes, normal cells’ production of αB-Crystall
TechnologyJuly 7, 2011
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CAU hospital seeks test candidates
Chung Ang University Hospital is looking for candidates for a clinical test of its asthma treatment. Those applying should have been diagnosed with asthma before they reached 40 years of age. They should be either non-smokers or those who have quit mild smoking (less than 10 packets of cigarettes a year) for more than a year. The candidates must be taking steroids.Those selected will be able to ge
TechnologyJuly 7, 2011
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Vocal cord nodules hit mostly women
The majority of people suffering from vocal cord nodules are female, especially teachers, the National Health Insurance Corporation said Monday. According to its report, 91,430 women were treated for vocal cord nodules in 2010, far outnumbering the 49,317 men who received treatment.The number of patients receiving treatment each year has steadily increased: from 123,000 in 2006 to 141,000 in 2010.
TechnologyJuly 7, 2011
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Radiation therapy: significance of proton therapy
Pyo Hong-ryullRadiation therapy, together with surgery and chemotherapy, has become one of the three most commonly used methods for treating cancer today. Since the discovery of X-ray, many improvements ― such as the linear accelerator (LINAC), 3-Dimensional conformal radiotherapy and intensity modulated radiation therapy (IMRT) ― have been seen in the field of radiotherapy. Proton therapy can be
TechnologyJuly 7, 2011
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How to exercise during rainy season
The official jangma, or rainy season, has reached its peak with up to 200 millimeters of rainfall pounding the nation throughout the week. Heavy rain like this will be a disappointment for most joggers and outdoor activity fanatics. Some people enjoy exercise in the rain but doctors advise people to keep to indoor activities. Dr. Park Won-ha of Samsung Medical Center suggested ways to enjoy safe e
TechnologyJuly 7, 2011
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Heart disease is No. 1 killer, can sneak up on women: report
WASHINGTON (AP) ― Heart disease can sneak up on women in ways that standard cardiac tests can miss.It’s part of a puzzling gender gap: Women tend to have different heart attack symptoms than men. They’re more likely to die in the year after a first heart attack.In fact, more than 40 percent of women still don’t realize that heart disease is the No. 1 female killer. One in 30 women’s deaths in 2007
TechnologyJuly 7, 2011
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SKT, STX bid for Hynix
SK Telecom and STX Group have submitted letters of intent to acquire Hynix Semiconductor.Friday marked the deadline for a sale broker’s receiving LOIs for a 15 percent stake, whose value ranges between 2.34 trillion won ($2.18 billion) between 2.74 trillion won, in the world’s 2nd-largest semiconductor firm.According to industry sources, SK Telecom has the strong willingness that it “would not los
IndustryJuly 7, 2011
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KCC likely to bid in Hynix on Hyundai’s behalf
STX Group also continues to express interest to the last minute By Kim Ji-hyun and Choi He-suk KCC Corp., a member of Hyundai’s sprawling industrial empire, may submit its letter of intent for a stake in Hynix Semiconductor, industry sources said on Thursday. Reports of KCC’s intention to participate in the bidding came shortly after Hyundai Heavy Industries said it would not be participating in
TechnologyJuly 7, 2011
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Iceland's Hekla volcano shows signs of activity
A cloud of ashes billows from the Puyehue volcano near Osorno, 870 km south of Santiago, on June 15. (AFP-Yonhap News)REYKJAVIK, Iceland (AP) -- Scientists are monitoring unusual underground activity that could signal an eruption at the Hekla volcano in southern Iceland.University of Iceland geophysicist Pall Einarsson said Wednesday that magma appears to be moving deep beneath the volcano. He say
TechnologyJuly 7, 2011
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Three global firms bid for E-Mart Chinese operations
By Cho Ji-hyunThree well-known global companies are taking part in the bid for E-Mart’s Chinese operations, according to a U.K.-based company specializing in information on M&As.Mergermarket, an independent mergers and acquisitions intelligence service, told The Korea Herald that Wal-Mart, Tesco and Ren Ren Le are most likely in line to take over E-Mart’s Shanghai operations and that the players w
IndustryJuly 7, 2011
