[News Focus] Mixed fate for Hynix, Korea Express

Two heavyweight firms up for grabs on local M&A marketThe company boasts a healthy financial report card, and has long-term expertise in logistics as one of the nation’s first logistics firms ― it was established in 1930. No one for Hynix Hynix, due to its heavy dependence on research and technology, is considered a business that is not as lucrative as expected because of the capital it is forced

IndustryMay 19, 2011

[Herald Interview] ‘Tighter rules needed before Woori sale’

Bancorp CEO says new rules would be desirable for megabanks in KoreaBetsy Cohen, founder and CEO of U.S. internet retail bank Bancorp Inc., said tightening capital and liquidity rules should come before the creation of the megabank due to be formed by the privatization of Woori Financial Holdings.“Size is not protected easily. Activities of large institutions carry a great deal of risk for a wider

May 19, 2011

[Herald Interview] ‘Electronic traveler’s checks gaining popularity’

An electronic version of the traveler’s check, which has gained popularity among Western travelers for its convenience and security, is also drawing interest in Korea.“In the past, we prepared traveler’s checks when going on a trip, but these days we need to hold a traveler’s card instead of traveler’s checks,” said Richard Kim, country manager of Card Services Korea. Card Services Korea country m

May 19, 2011

Coffee cuts risk of lethal prostate cancer: study

WASHINGTON (AFP) ― More is better when it comes to drinking coffee to ward off the risk of deadly prostate cancer, according to a major U.S. study released by researchers at the Harvard School of Public Health.Men who drank six or more cups per day had a 60 percent lower risk of developing the most lethal type of prostate cancer and a 20 percent lower risk of forming any type of prostate cancer co

TechnologyMay 19, 2011

Endoscopic management of urinary stone disease

Urinary stones are hard buildups of minerals that form in the urinary system and cause urinary tract infection, the obstruction of urinary flow and sometimes renal dysfunction. They may also be accompanied by pain and bleeding. The structural order and chemical components of a urinary stone, as well as abnormalities shown in the urine, began to be unraveled in the 20th century with the advent of a

TechnologyMay 19, 2011

Ways to tackle tummy trouble

Although there is no cure, irritable bowel syndrome can be managedWhen he was a college student, Lee Sang-woo used to memorize the location of toilets at every subway station between his home and school. “Because I had diarrhea frequently, I never took the bus,” said the 32-year-old office worker who has suffered from irritable bowel syndrome for more than 10 years. Even though his symptoms have i

TechnologyMay 19, 2011

IMF's Strauss-Kahn resigns amid sex charges

Dominique Strauss-Kahn (AP-Yonhap News)WASHINGTON (AP) _ Dominique Strauss-Kahn, the embattled managing director of International Monetary Fund, resigned saying he wanted to devote ``all his energy'' to battle the sexual assault charges he faces in New York.The IMF's executive board released a letter from the French executive Wednesday in which he denied the allegations lodged against him but said

May 19, 2011

Lonely planet guide: Planets that have no stars

Astronomers on Wednesday said they had found a previously inconceivable phenomenon: planets that do not appear to be anchored to a host star but instead wander the heavens.In a two-year scan of the cosmos, 10 planets with roughly the mass of Jupiter, the largest planet of our Solar System, have been found at such enormous distances from the nearest star that some of them could be said to float fre

TechnologyMay 19, 2011

GS chairman Huh highlights challenge, innovation and practice

GS Group chairman Huh Chang-soo emphasized the value of challenge, innovation and practice at a forum with executives of the conglomerate’s affiliates Wednesday. The Value Creation Forum was created last year to “uplift and settle the significance of innovation and change” in the corporate culture by sharing successful cases of innovation management among affiliates, GS said. About 400 officials f

IndustryMay 18, 2011

Hana Financial may target Woori for M&A

A variety of predictions concerning the next step by Hana Financial Group are being issued in the market as its chairman Kim Seung-yu continued to express its willingness to acquire a bank.The situation comes amid growing uncertainty about the conclusion of the deal between Hana Financial and U.S. Lone Star Funds to trade shares of Korea Exchange Bank.As financial regulators indefinitely delayed t

May 18, 2011