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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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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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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Lone Star suspected of hiding evidence: lawmaker
U.S. Lone Star Funds has been suspected of omitting a significant document when it made a report to Korea’s financial regulator in March, an opposition lawmaker alleged.Rep. Lim Young-ho of the Liberty Forward Party said a unit of Lone Star owns 130 golf courses worth about 3.7 trillion won ($3.36 billion) in Japan, demanding regulatory sanction against the buyout fund.He called for the Financial
May 26, 2011
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‘Communication key to financial regulation’
Berkley professor warns that a different crisis will hit the worldCommunication between central banks and their financial supervisory authorities is essential for financial stability, University of California, Berkley professor Barry Eichengreen said Thursday.“I think there can be very serious problems with this kind of arrangement where one entity does the supervision, and another one the central
May 26, 2011
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Korea Post vows to raise efficiency
Korea Post said it will upgrade its postal and banking services to prepare for market consolidations with the coming of more free trade pacts.Delivering a two-year plan, its president Kim Myong-ryong stressed the importance of providing better services as a state-run agency connecting supply chains and circulating money across the country. Korea Post chief Kim Myong-ryong delivers a two-year plan
May 26, 2011
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Pernod Ricard committed to ‘corporate citizenship’
Franck Lapeyre, chief executive of Pernod Ricard Korea, urged foreign businesses in Korea to join the drive by local companies’ to take on more social responsibility, underlining their role as “corporate citizens.” The distributor of Imperial and Ballantine’s whiskies, as well as Absolut Vodka, has been enthusiastic about its anti-drunk driving campaign since 2007, while sponsoring music schools,
IndustryMay 26, 2011
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Hanwha E&C wins $7.25 billion city project in Iraq
Deal becomes the largest overseas construction project won by a Korean firmHanwha Engineering and Construction Corp. announced Thursday that it signed a $7.25 billion contract with Iraq’s National Investment Commission.Signed on Wednesday in Iraq, the project is the largest overseas construction project to be won by a Korean construction firm. Under the contract, Hanwha Engineering and Constructio
IndustryMay 26, 2011
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Wunsch Award receives nominees
Boehringer Ingelheim Korea is receiving nominations for this year’s Wunsch Medical Award, one of the most prestigious prizes in Korean medicine. The German drug manufacturer established the award together with the Korean Academy of Medical Sciences in 1990, naming it after Richard Wunsch, the first German physician in Korea. Wunsch also served as a personal physician to King Gojong from 1901 to 19
TechnologyMay 26, 2011
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The miracle of the 380g baby
A baby boy, born on July 12, 2010 with a birth weight of 380 grams, was able to survive with ten months of intensive care for premature infants and has successfully grown to weigh 3.9 kilograms. He will be discharged from the hospital soon.The survival limit of a preterm infant, as specified by the World Health Organization, stands at 24 weeks gestation or less or a birth weight of less than 500 g
TechnologyMay 26, 2011
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Korea’s only women’s cancer center leaps forward
New director expects to attract breast cancer patients from Asian nationsRenowned breast cancer specialist Paik Nam-sun has never hesitated to try something new. Despite the doubts of his colleagues, he carried out Korea’s first breast-conserving cancer surgery in 1986. He is also among the Korean doctors to have treated the largest number of foreign patients at more than 15,000 cases. Paik, now 6
TechnologyMay 26, 2011
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Boy bald after pulling out hair
A boy from Iowa who is only 11 has apparently gone bald after pulling out his hair.The child suffers from trichotillomania, a mental disorder that makes patients compulsively pull out their own hairs.“He started to pull out his eyebrows when he was in second grade, then he quit. Then, when he started fourth grade, he started to pull out his hair,”his mother told ABC.It is known that this type of a
TechnologyMay 26, 2011
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Watching too much 3-D TV could harm eyes: report
Samsung 3-D TV (Yonhap News)Watching too much 3-D TV could harm kids’ eyes, NBC reported, citing Samsung’s warning which states children and teenagers may be more at risk of having vision problems or seizures if they watch too often.Ophthamologist Dr. Gregory Haffner said in the interview with NBC that as kids’ eyes are in the developmental stages until age 10 and watching 3-D TV may alter the way
TechnologyMay 26, 2011
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Samsung products to be sent to Apple after patent ruling
Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the
IndustryMay 25, 2011
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SKT to open T-Store in China, Japan
SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr
IndustryMay 25, 2011
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Companies fear loss in profit on won ascent: poll
A majority of Korean businesses believe their earnings will worsen this year due to the local currency’s ascent against the U.S. dollar, a poll showed Wednesday.According to the survey by the Federation of Korean Industries, 55.9 percent of respondents said the local currency will likely trade at a band of 1,000 won to 1,050 won to the greenback this year, up from the 2010 average of 1,156 won.The
May 25, 2011
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Household debt threatens bank industry
BOK report shows debts surpassed 800 trillion won for the first time in Q1 of the yearSnowballing household debts have emerged as a main factor undermining financial status of the middle- and low-income brackets of the local banking industry.According to the Bank of Korea, the nation’s household debts have surpassed 800 trillion won for the first time during the first quarter of the year.Outstandi
May 25, 2011
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Shares fall 1.26% on eurozone woes
Korean stocks finished 1.26 percent lower on Wednesday as foreigners extended their selling amid concerns over Europe’s debt risks, analysts said. The local currency lost ground against the U.S. dollar.After starting higher, the benchmark Korea Composite Stock Price Index slumped 25.89 points to 2,035.87. Trading volume was moderate at 341.8 million shares worth 6.84 trillion won ($6.2 billion), w
May 25, 2011
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Finance chief-nominee to prioritize inflation fight
Finance minister nominee Bahk Jae-wan said the fight against inflation will stay as the priority with focus on flexible macroeconomic measures, revealing his intention to maintain the policy stance currently in place.Answering questions at the parliamentary confirmation hearing on Wednesday, Bahk said he will try to make people in the middle class and low-income brackets feel the improving busines
May 25, 2011
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Korea should be watchful of uncertainties: experts
Korea should be alert against economic uncertainties at home and abroad, such as the eurozone debt crisis and household debt, as they will serve as downside risks to the growth path, experts said.The Korean economy has maintained its upward momentum, aided by sustained exports, but its growth path is fraught with a set of economic uncertainties, which warrant a close watch, experts said in a month
May 25, 2011
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Korea to get tougher on ‘unfair trading’
Korea plans to clamp down on stock market manipulation and trading on undisclosed information after $26 billion was wiped from the value of the nation’s listed companies in a matter of minutes last November.The Financial Services Commission is drafting revisions to capital-markets laws to increase penalties, said Ernst Lee, a spokesman at the regulator. The revisions, which will require approval b
May 25, 2011
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Hana calls emergency meeting on Lone Star
Board to discuss on eurozone woes possible extension of KEB takeover dealHana Financial Group plans to hold an emergency board meeting as early as this week to conclude the issue on whether to extend the expiry date of a takeover deal with U.S. Lone Star Funds.The initial contract between Hana and Lone Star to trade shares of Korea Exchange Bank expired on May 24 and they have all been entitled to
May 25, 2011
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[Herald Interview] Chile beckons Korean entrepreneurs
Recent university graduates face the daunting task of figuring out what to do with the rest of their lives. Chile might have an answer for graduates with tech ideas. “Startup Chile is a program that’s aimed to attract innovation and obtain the positive spillover effects of technology ventures,” said Chile Executive Vice President of the Foreign Investment Committee Matias Mori.The idea is to attra
IndustryMay 25, 2011
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