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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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)‘Apple COO Tim Cook visited Korea to discuss bilateral cooperation’ Apple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as m
IndustryMay 25, 2011
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Apple, Samsung in talks over displays for iPad 3
Samsung's Galaxy S 2 smartphones (Yonhap News)Apple COO Tim Cook visited Korea to discuss bilateral cooperationApple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as many
IndustryMay 25, 2011
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Peugeot 508 makes Asia-premier debut in S. Korea
Hanbul Motors Corp., the local importer and distributor of French automaker PSA Peugeot Citroen, introduced the new Peugeot 508 in South Korea on Wednesday, also marking the vehicle's Asia debut. The passenger sedan comes in two trims -- the chaste Allure version with a 2.0-liter engine and the sportier GT version with a 2.2-liter HDi engine. The Peugeot 508 Allure has a maximum horsepower
MobilityMay 25, 2011
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Brooding men, smiling women seen as sexy: study
TechnologyMay 25, 2011
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5 pct of youth vulnerable to Internet addiction: study
About 5 percent of South Korean youths are vulnerable to Internet addiction, a government study showed Wednesday. According to a joint report on Internet usage of 1.81 million students by the Ministry of Gender Equality and Family and the education ministry, 89,755, or 4.9 percent, were deemed at risk of falling into cyber addiction. Of those, 23,085 were put in the high-risk category, while
TechnologyMay 25, 2011
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Police raid auto parts firm to end sit-in
Yoosung labor union’s strike stops some Hyundai, Kia diesel linesThousands of riot police raided the labor strife-marred auto parts’ factory in Asan on Tuesday to end the prolonged illegal strike by unionized members, which is threatening suspension of production in the nation’s automobile industry, witnesses said.About 3,000 riot police were sent to the factory of Yoosung Enterprise Co. about 90k
IndustryMay 24, 2011
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SK Group to finance fund for social enterprises
SK Group, the country’s third-largest conglomerate, said Tuesday it will invest 500 million won ($457,200) in a fund to support social enterprises as part of its corporate responsibility activities. In January, the Ministry of Employment and Labor unveiled a plan for the fund, the first of its kind here, aiming to facilitate financing for social enterprises seeking to expand facilities, provide mo
IndustryMay 24, 2011
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Agencies upgrade Asiana credit rating
The country’s three credit rating agencies in concert lifted their ratings of corporate bonds for Asiana Airlines Inc. one notch to “BBB+” from “BBB” Tuesday, citing increased profitability and growing demand for air travel.NICE Investors Service, Korea Ratings and Korea Investors Service referred the raise to the company’s all-time high operating profit last year, success in slashing fuel expense
IndustryMay 24, 2011
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Hyundai Heavy adds order pickers to its industrial equipment lineup
The Ulsan-based ship and industrial equipment maker Hyundai Heavy Industries launched its first order pickers on the local market on Tuesday. Order pickers are industrial vehicles used in storage facilities to access high shelves.Order pickers are similar to fork lifts but the operator boards the vehicle in the front where the forks are located, and are able to access smaller areas than fork lifts
IndustryMay 24, 2011
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Seven banks to set up bad bank soon
Total contribution expected to amount to 1.23 trillion wonA bad bank, which would specialize in absorbing bad loans held by financial companies, will be set up as early as this month, banking sources said Tuesday.“The bad bank may possibly be launched by the end of this month,” a bank official said. “But the launch could be delayed into next month due to the time needed to fine-tune terms of the b
IndustryMay 24, 2011
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Korea aims to launch 1st local hedge fund
Korea is moving to quicken a regulatory revision in a bid to launch the first local hedge fund within the year, an official at the financial regulator said.The Financial Services Commission had planned to submit a revision bill to the capital market law to parliament in July or August as part of its efforts to spur the creation of local hedge funds. Instead of rewriting the law, the FSC will seek
May 24, 2011
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Hyundai seeks to sell 30,000 hybrid cars next year
South Korea's largest automaker Hyundai Motor Group will seek to significantly increase its sales of energy-efficient hybrid cars next week, group officials said Tuesday, amid increasing government efforts to promote the use of clean energy.Hyundai Motor Group, the world's fifth-largest automaker, has the country's two leading automakers Hyundai Motor Co. and Kia Motors Corp. under its wing."The g
May 24, 2011
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Government mulls tariffs on rice imports
The government is mulling tariffs on rice imports from next year, possibly expediting the process previously scheduled for 2015, the Agricultural Ministry said Tuesday.The early imposition of tariffs on rice imports is to reduce growing stockpiles of rice, a problem that has been deepening under the current system where Seoul has to import a specified amount of foreign rice. The Ministry of Food,
IndustryMay 24, 2011
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KCC may favor new entrants in bandwidth auction
The Korea Communications Commission is considering giving priority to new participants in its upcoming bandwidth auction which is scheduled to be held later this year.Oh Nam-seok, director-general of the radio policy bureau at the KCC, said the commission has opened discussions on possibly offering the upper hand to a non-telecom firm deciding to participate in the first high-stake competition to
TechnologyMay 24, 2011
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Top regulator hints Lone Star’s KEB sale possible
Financial Services Commission Chairman Kim Seok-dong said it would not be easy to order U.S. Lone Star Funds to sell its stake in Korea Exchange Bank by directing “concrete” sale terms.His remarks are based on the assumption that the financial regulator will decide to issue a sanction of coercive stake sale against the Texas-based buyout fund, suspected of stock manipulation.“(Under the scenario o
May 24, 2011
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Hwang first Asian to head global securities lobby group
KOFIA chairman becomes head of International Council of Securities AssociationHwang Kun-ho, chairman of the Korea Financial Investment Association, was elected to head the International Council of Securities Association, the local body announced Tuesday.Hwang became the first Asian chief of the international body of practitioners promoting the common interest of securities companies worldwide.“I h
May 24, 2011
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Online game industry looks overseas
Localization in foreign markets remains biggest challenge for global expansionKorea’s online game industry is increasing efforts to dive into overseas markets in a bid to seize bigger business opportunities in the Internet era.Well-known local online game publishers and developers, such as Neowiz Games, NEXON and Hangame, have said targeting foreign markets is a top priority for this year.“We have
TechnologyMay 24, 2011
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Apple faces iPad production loss of 500,000 after blast
Apple Inc. may face a production loss of 500,000 iPad 2 tablets after the explosion at Foxconn Technology Group’s plant in Chengdu, China, according to research firm IHS ISuppli. The drop in manufacturing will depend on how long the plant is closed following a May 20 explosion that killed three people and injured at least 15, according to ISuppli. The total could be even greater if the suspension
IndustryMay 24, 2011
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Unprecedented photo op for shuttle-space station
In this image provided by NASA astronaut Andrew Feustel works in the space shuttle Endeavour's payload bay during the mission's first spacewalk at the International Space Station Friday May 20, 2011. (AP-Yonhap News/NASA)HOUSTON (AP) _ In an unprecedented cosmic photo shoot Monday, a departing spaceship snapped close-up glamour pictures of the space shuttle Endeavour attached to the International
TechnologyMay 24, 2011
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Galactic ‘fountain of youth’ discovered in Hubble Telescope image
This NASA/ESA Hubble Space Telescope image shows the edge-on profile of the slender spiral galaxy NGC 5775, which is surrounded by a halo of gas that astronomers suspect is kicked up by star explosions like a galaxy-size fountain. (NASA)Jack Sparrow seeks to find the fountain of youth in the fourth installment of “Pirates of the Caribbean” -- now Hubble scientists have found one of a sort, but 85
TechnologyMay 24, 2011
