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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Ovulating? Urine test more precise than calendar: study
MCTSTOCKHOLM (AFP) - Women trying to conceive are better served by a urine test to determine if they are ovulating than the more commonly used calendar method, the makers of the test said at a Stockholm conference Tuesday.“The calendar method is good to help women to start to understand how their cycle works, but if women are really trying to conceive ... it‘s not really the best method to use,”
TechnologyJuly 6, 2011
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Reading books aloud may disrupt learning
(MCT)Having children reading books aloud may not be an effective way of educating them. In fact, it may hinder students from acquiring new vocabulary, said researchers from New Zealand.When children under age 6 learn reading via sound, they tend to create a “cognitive footprint” which results in a long-term disadvantage. Phonics students also found it hard to identify real words from words that ar
TechnologyJuly 6, 2011
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Korea creates engineered pig more viable for human organ transplants
Korean scientists have created a genetically modified pig that has a better chance of success in animal-to-human organ transplants, a state institute said Wednesday.The new pig, named Somang-i, is designed to produce an antigen (the human lymphocyte differentiation antigen, cluster of differentiation 73 or CD 73) that will help prevent hyperacute rejection of animal organs by human bodies, accordi
TechnologyJuly 6, 2011
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Hyundai Heavy says it will not bid for Hynix
Hyundai Heavy Industries Co., the world's leading shipbuilder, said Wednesday it will not bid for a stake in Hynix Semiconductor Inc., raising speculation that creditors may fail again to sell the world's second-largest computer memory chipmaker.Hyundai Heavy had been regarded as the sole potential investor for the 15 percent stake up for sale.Shares of Hyundai Heavy were trading at 478,500 won on
IndustryJuly 6, 2011
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How to goof around without your boss knowing
(MCT)Office workers who spend everyday glaring at a computer screen find it hard to keep their concentration throughout work hours. It is difficult to access Facebook, Twitter or other websites when the boss is watching.“Here comes my boss” (http://web.humoruniv.com/prog/ohmygod/ohmygod.html), provided by popular site Humor University, is a simple route to avoid being caught slacking: It returns t
TechnologyJuly 6, 2011
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Public forum on FTA on Thursday
A conference on economic opportunities and challenges arising from the Korea-EU FTA which came into effect on July 1 will take place in Seoul on Thursday.The conference, taking place at the Koreana Hotel from 2 p.m., will also examine the current economic crisis in Europe and economic development in Korea. The event is being jointly hosted by the Center for Free Enterprise, a Seoul-based free mark
July 5, 2011
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Incheon Airport Corp. buys 10% stake in Russian airport
Incheon International Airport Corp. announced Tuesday it has acquired a 10-percent stake in Khabarovsk Airport in Russia’s Far East, stepping up its charges into the development of the Russian partner.This makes the IIAC the first foreign airport operator to step into management of a Russian airport, which has been safeguarded by the government there as a national strategic industry.As the third-l
IndustryJuly 5, 2011
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Watchdog OKs Gmarket-Auction merger
The Fair Trade Commission on Tuesday gave the green light to the merger of the nation’s two biggest online retailers operating under EBay Inc., ruling that the combination would not hinder the industry’s level of competition.The watchdog’s approval of the Gmarket-Auction merger came after their parent EBay had applied for the deal in March. After studying the deal for three months, the FTC said th
July 5, 2011
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End of fuel discount raises tension among refiners
A banner advertising a 100-won discount per liter on fuel is seen at a gas station in Seoul on Sunday, three days before the scheduled end of the discount period. (Yonhap News)Tension among refiners is flaring up again with the government pressuring them to bring fuel prices back to normal rates in stages.Under pressure from the government, local refiners lowered the pump price of motor fuel by 10
IndustryJuly 5, 2011
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Korea to foster indium, lithium exploration
Korea will crank up its push for exploit indium and lithium around the world by facilitating local companies’ direct investment into the two scarce metals by law, the government said Tuesday.The Ministry of Knowledge Economy said it plans to place indium, a key element of liquid crystal displays and touch-screens, on a list of 49 foreign rare metals. Lithium, used in aircraft and electric car batt
July 5, 2011
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Sales forecast for KOSPI-listed firms drops
Revised estimate comes after reduction in government’s growth projectionThe average level of revenue KOSPI-listed firms are expected to generate in the second half of the year dropped, stock analysis said Tuesday, raising concerns over a slower economic growth on weaker consumption and waning exports.The estimation of operating profits for 115 listed companies on KOSPI for the July-December period
July 5, 2011
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Foreigners sell local stocks for 2nd month
Foreign investors continued to offload South Korean shares for a second consecutive month in June amid jitters over the eurozone debt crisis and other economic uncertainties, the financial regulator said Tuesday.Overseas investors sold a net 918.6 billion won ($863.8 million) of local equities in June, after selling a net 2.8 trillion won in the previous month, according to the Financial Superviso
July 5, 2011
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Watchdog approves merger between 2 liquor giants
South Korea's antitrust watchdog on Tuesday approved the merger between Hite Brewery Co. and Jinro Co., saying the liquor giants' business consolidation will not hamper market competition. Hite Brewery is the country's dominant beer maker, and Jinro is the leader in the market of soju, a Korean distilled beverage made from rice and other starches. Jinro was taken over by Hite Brewery in 2005.
July 5, 2011
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GM Korea unionists go on partial strike
Union workers at GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., staged a partial strike on Tuesday after wage negotiations with management broke down, the carmaker said. Unionized employees at the company's Incheon, Gunsan and Changwon factories stopped work for about three hours from 1:50 p.m., after holding a similar work stoppage the previous day, GM Korea said. G
July 5, 2011
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Imported auto sales jump 17.5% in June
Sales of imported vehicles in Korea surged 17.5 percent last month from a year earlier, helped by aggressive marketing strategies by local car dealers, a trade association said Tuesday.A total of 8,964 imported vehicles were sold here in June, compared with 7,629 units sold a year earlier, according to the Korea Automobile Importers and Distributors Association.Sales in June also represented a 2.1
July 5, 2011
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Sonata hybrid No. 2 best seller in U.S.
The hybrid version of the Sonata sedan, made by Korea’s leading carmaker Hyundai Motor Co., ranked as the second best seller in the U.S. hybrid car market in June, industry sources said Tuesday.Sales data from Hyundai and U.S.-based automotive media showed the Sonata’s sales reached 1,422 last month compared to 4,340 for the Prius, which has effectively dominated the global hybrid car market since
July 5, 2011
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’Non-tariff barriers still limit Korea’s energy sectors’
Alstom Korea CEOBarry HoweThe Korea-EU Free Trade Agreement will benefit Korean and European firms in the energy sector, but many non-tariff barriers still limit market access, president of Alstom Korea Barry Howe said.“The FTA will obviously benefit countries because it brings down tariff barriers, so what is imported should be at a lower cost, no matter which way it is going, but in my own indus
July 5, 2011
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EU trade pact to boost Korean manufacturing
With the Korea-EU Free Trade Agreement now in effect, Korea’s manufacturing sector is set for a significant rise in exports to the region.The pact, formally signed in October, went into effect on July 1. As a result, tariffs placed on 11,261 items produced in Korea and 9,842 items produced in the EU will be removed over seven years.According to a report compiled by 10 think-tanks, including the Ko
July 5, 2011
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KB Financial seeking to buy a life insurer
KB Financial Group chairman Euh Yoon-dae speaks at a press conference in Seoul on Tuesday to mark the first anniversary of his inauguration as head of the financial group. (Yonhap News)Chairman says group is interested in Woori’s brokerage unitKB Financial Group wants to take over a life insurance company in its efforts to push for M&As in the non-banking sector, its chairman said on Tuesday.Chair
July 5, 2011
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Banks forecast to tighten mortgage lending in Q3
Korean banks are expected to tighten their grip on home-backed lending in the third quarter as the regulator’s move to curb rising household debt will lead them to be wary of extending mortgage loans, the central bank said Tuesday.An index gauging lender attitudes on mortgage loans came in at zero for the July-September period, compared with 6 tallied in the second quarter, according to a survey o
July 5, 2011
