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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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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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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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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Seoul shares end 1.91% lower on Greece debt woes
Korean stocks ended 1.91 percent lower on Thursday as investor sentiment was frozen by concerns about the escalating Greece debt crisis and the pace of the global recovery, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI tumbled 39.9 points to 2,046.63. Trading volume was light at 231.1 million shares worth 5.76 trillion won ($5.28 billion) with losers outpacing
June 16, 2011
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Household loans mark biggest increase in four months
Household loans extended by Korean financial firms grew by the largest amount in four months in April on a sustained increase in home-backed lending, the central bank said Thursday.Household lending handled by local banks and non-bank institutions totaled an outstanding 606.9 trillion won ($558.2 billion) as of the end of April, up 4.6 trillion won from the previous month, according to the Bank of
June 16, 2011
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BC Card to take overseas fee issue with Visa to FTC
BC Card Co. is upping the ante in the dispute over an overseas fee system imposed by Visa.According to industry sources, BC Card has decided to file a report with the Fair Trade Commission about Visa over the U.S.-based company’s policy of charging fees on transactions taking place outside of Korea.Visa charges a fee equal to 1 percent of the transaction amount for every time a Visa card is used i
June 16, 2011
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Sale of Woori Financial faces bumpy road again
The financial authorities have been in trouble again in realizing the project to recoup taxpayers’ money by selling the state-controlled Woori Financial Group.Though the Financial Services Commission had said it would accept letters of intent from potential bidders for Woori Financial by June 29, sales terms seem to be unattractive to local investors.Research analysts issue the possibility that th
June 16, 2011
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Yuhan-Kimberly named one of best workplaces in Korea
Yuhan-Kimberly, Korea’s leading hygiene products maker, has been selected as one of the most favored workplaces in the local manufacturing industry for a third straight year, a survey showed.According to the Korean Management Association Consulting, which surveyed more than 5,200 industry workers and human resources specialists, Yuhan-Kimberly came in third on the list of the best 30 manufacturers
IndustryJune 16, 2011
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[Herald Interview] Cushman and Wakefield opens frontiers with cross-border retail
With real estate being an essential element in any business that requires stores or offices, the industry ties in to most conventional businesses.Real estate services provider Cushman and Wakefield Korea is taking that natural tie-in a step further.Since last year, the company has been supporting retailers to cross borders. “It’s split into two major sections. We’re helping to export Korean retail
IndustryJune 16, 2011
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Foreign entrepreneurs learn to thrive in Korea
Robert Taylor, an American entrepreneur living in Seoul, clearly remembers one of his earliest attempts to pitch his life coaching services to a marketing director at a big Korean firm. “For 45 minutes, we sat there while he told me why my business wouldn’t work,” said Taylor. “He assured me that cold calling simply couldn’t succeed in Korea, because everything is based on relationships.”Fortunate
June 16, 2011
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Lotte enters China, E-Mart retreats
Lotte opens store in Tianjin; E-Mart looking to sell outletsLotte Shopping will open its first wholly invested department store on Friday in Tianjin, China, company officials said Thursday.The country’s top retail giant said the store in Tianjin will be the third establishment built overseas, but the first operated “Korean style.”The department store, located in one of the largest cities in China,
IndustryJune 16, 2011
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U.S. inflation slows as gas prices fall
Falling energy costs temper price rises; Americans pay more for cars, clothing and hotelsWASHINGTON (AP) ― Falling energy prices cooled overall inflation in May, offering some relief to consumers who have been coping for months with high gas prices.Consumer prices rose 0.2 percent, the smallest increase in six months, the Labor Department said. It was the first drop in energy costs in nearly a yea
IndustryJune 16, 2011
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Obesity surgery fails to extend life in older men
CHICAGO (AP) ― Very obese older men hoping to live longer may be let down by a new long-term study that found weight-loss surgery didn’t increase survival for people like them ― at least during the first seven years.Prior studies have found stomach stapling and other obesity surgeries improved survival rates after two to 10 years. The new study in mostly older male veterans suggests one of two thi
TechnologyJune 16, 2011
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Sunscreen for infants ‘necessary’
The American Academy of Pediatrics advised mothers to use an adequate amount of sunscreen on babies less than six months old. It said the general notion that infants do not sunburn is false and that UV-induced pigmentation, starting with baby’s first exposure to summer sun, may contribute to the development of skin cancer later. According research conducted by Dr. May Paller, skin on the backs or
TechnologyJune 16, 2011
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National insurance to cover diabetes test
Blood-sugar-level measuring kits for diabetes patients will be covered by national health insurance from July, the Ministry of Health and Welfare said Wednesday. According to a ministry official, it costs about 50,000 won a month ($46) if one uses six kits every day. The new plan will cover 30,000 won of the monthly cost. This will help 40,000 patients nationwide save 15 billion won a year, the mi
TechnologyJune 16, 2011
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SMC opens Twitter account
Samsung Medical Center opened a Twitter account (@mySMC for Samsung Seoul Hospital and @myKBSMC for Kangbuk Samsung Hospital), commencing direct interactive communications with online users. The account will provide information about the hospitals and healthcare tips. The SMC will give out “gifticons” to 500 followers to mark the launch. (baejisook@heraldm.com)
TechnologyJune 16, 2011
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Concerned about low vitamin D levels?
Whereas vitamin D deficiency has long been recognized as a medical condition, vitamin D “insufficiency” has recently become a concern. Increased attention to this new “syndrome” has led to a substantial increase in testing for vitamin D levels in the blood, and it is expected that several million tests will be performed in the U.S. this year. If you worry about your vitamin D levels or wonder how
TechnologyJune 16, 2011
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FDA issues new rules for sunscreen protection labeling
LOS ANGELES ― The Food and Drug Administration on Tuesday issued new guidelines for sunscreen labeling that will give consumers better information about the products’ effectiveness and that will, for the first time, allow labeling to claim that sunscreens protect against skin cancer and early skin aging.The agency has been considering such regulations since 1978 and released some proposed rules in
TechnologyJune 16, 2011
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The good, the bad and the truth on cancer
Expert advises early screening, good dietary habits and exercise to prevent cancerThere are many deadly diseases in the world but few provoke the same anxiety as cancer. Cancer is the No.1 cause of death apart from aging. As of 2008, about 178,000 people were being diagnosed with cancer every year, with about 60,000 dying of it. Those numbers are expected to soar, according to the National Cancer
TechnologyJune 16, 2011
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Korean Air embarks on test flight of A380
Korean Air’s new Airbus A380 (Yonhap News)YEONGJONG ISLAND ― Korean Air’s brand new Airbus A380 superjumbo made a successful landing after its first test flight in Korea on Thursday.The event took place a day ahead of the world’s largest passenger jet’s maiden commercial flight to Japan’s Narita International Airport. About 200 journalists, customers and company officials flew on a two-hour trip t
IndustryJune 16, 2011
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Father influences daughters’ sexual behavior
Girls' decisions about sex are significantly influenced by their father’s parenting skills, a new study shows. “Girls who receive lower quality fathering tend to engage in more risky sexual behavior -- sex without a condom, having sex while drunk, multiple sexual partners and becoming pregnant before age 19 -- in adolescence,” said Bruce J. Ellis of the University of Arizona Norton School of Famil
TechnologyJune 16, 2011
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Olive oil could lower stroke risk: study
WASHINGTON (AFP) - Older people who eat olive oil have a lower risk of stroke than those who do not, suggested a study of more than 7,000 French people that was published Wednesday in the United States.Researchers at the National Institute of Health and Medical Research in Bordeaux, France followed 7,625 people age 65 and older from three cities -- Bordeaux, Dijon and Montpellier -- for a period o
TechnologyJune 16, 2011
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Dispute over use of organs of those killed by euthanasia
Lungs from those who die by euthanasia are more suitable for transplant surgery, according to medical specialists from Belgium.Dirk van Raemdonck, the leader of the study from Leuven, explained that lungs taken from people who died through euthanasia were in better condition than those taken from victims of accidents.The report, “Initial Experience With Transplantation of Lungs Recovered From Dono
TechnologyJune 16, 2011
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