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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S. Korea not to attend Sado mine memorial: foreign ministry
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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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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Real interest rates below zero percent
Real interest has stayed below inflation for the past year, devaluing returns on bond investments and deposits at banks, a government report said Wednesday.The interest rate on 1-year savings products at most commercial banks is just over 4 percent, leaving no room for profit given on-year inflation in the 4 percent range on top of a 15.4 percent tax on interest income. “Real returns on deposits w
May 11, 2011
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36% of recent college graduates out of work
The number of unemployed fresh college graduates increased by 0.2 percent in April from a year earlier despite a drop in the overall jobless rate, Statistics Korea said Wednesday. Some 63.6 percent of college graduates in their twenties were part of the workforce, posting a 0.3 percent drop from a month earlier, indicating a persistent structural mismatch between the reality of the job market and
May 11, 2011
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Lee Kun-hee names new chief secretary
Samsung C&T Corp.’s executive vice president Park Pil was appointed as the head of Samsung Electronics chairman Lee Kun-hee’s assistant team on May 1.Operating under the chief of Samsung’s corporate strategy office, the head of the chairman’s assistance team is widely considered to be an important step on the way to key posts within Samsung Group.Although the team acts as the chairman’s assistance
IndustryMay 11, 2011
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[Meet the CEO] LG Chem targets 25% global market share
CEO Kim says company is developing ‘second generation’ electric car batteriesLG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to carve out a leading share of global markets. He also talked about LG Chem’s vision for its people, and how that vision helped turn the company around since he came to office in 2006, a time when LG Chem was
CompaniesMay 11, 2011
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Expo packed with cultural events
The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development.However, organizers also have a host of cultural events to entertain visitors.During the 93-day expo, more than 3,200 performances and other cultural events will take place within the grounds.The performances and events planned
IndustryMay 11, 2011
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Yeosu Expo to present future of marine development
Organizing committee steps up efforts for flawless Exposition opening next MayThe International Exposition Yeosu Korea 2012 is now a year away from its opening and its organizers are stepping up the efforts to bring preparations to a smooth close. The event, held under the theme “Living Ocean and Coast” will be held in Yeosu, South Jeolla Province from May 12 to Aug. 12.According to the Expo organ
IndustryMay 11, 2011
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Google unveils cloud-based music service
(Yonhap News)NEW YORK (AP) - Google Inc. unveiled its long-planned music service Tuesday, but it will likely need deals with the recording industry to reach its full potential.Called ``Music Beta by Google,'' the service lets users store their tunes remotely and access them from any compatible device, including mobile phones, tablets and computers. So far, it does not offer music downloads or song
TechnologyMay 11, 2011
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Rice makes you stronger, healthier than bread: study
Rice allows one to work out nearly 50 percent longer than bread and is more effective in reducing cholesterol, a new study suggested.The Korea Food Research Institute unveiled the result of its recent research on the health effects of Koreans’ staple food in a public forum on Wednesday.In a test on university students, researchers measured how long they can perform exercise after eating rice or br
TechnologyMay 11, 2011
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Korean Air refuses to let cancer patient onto flight
Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board
IndustryMay 11, 2011
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S. Korea's jobless rate inches down to 3.7 pct in April
S. Korea's jobless rate inches down to 3.7 pct in April South Korea's jobless rate inched down in April from a year earlier as the private sector continued to expand recruitment, fueled by strong exports, a government report showed Wednesday. The jobless rate was 3.7 percent last month, down from 3.8 percent in the same month a year earlier, according to the report by Statistics Korea. It was
BusinessMay 11, 2011
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Lawmakers support BOK on supervision
Central bank may be given right to inspect financial companiesThe nation’s financial market is focusing on the growing possibility that a proposed revision of the law on the Bank of Korea could pass the National Assembly this year.If the law on the BOK is revised, the central bank ― like the Financial Supervisory Service ― will be entitled to conduct independent inspections into financial companie
May 10, 2011
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Genesis, Equus gaining popularity in U.S.
Hyundai Motor Co. is boosting its presence in the U.S. luxury sedan market with its Genesis and Equus vehicle grabbing influential shares of sales.The automaker saw its Genesis sedan capture more than 10 percent of the U.S. market in the mid-luxury class for the first time last month.According to Autodata Corp., sales of the Genesis came to 2,648 units in April, up 16.9 percent from a year earlier
IndustryMay 10, 2011
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Samsung chairman Lee departs for IOC briefing
Samsung Electronics chairman Lee Kun-hee left for the International Olympic Committee’s headquarters in Lausanne, Switzerland, on Tuesday.PyeongChang, like all cities bidding to host the 2018 Winter Olympics, is to participate in an official technical briefing at the organization’s headquarters from May 18-19. Lee is one of the IOC’s 110 members. Lee was escorted by his son Lee Jae-yong, a preside
IndustryMay 10, 2011
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Yeosu Expo kicks off celebrations
Prime minister to visit the port city to drum up supportEvents marking the start of the 365-day run up to the International Exposition Yeosu Korea 2012 kicked off Tuesday with a concert and celebrations in Yeosu, South Jeolla Province.The three-month expo will be held at the southern port city from May 12, 2012 until Aug. 12. The upcoming expo is the second international exposition held in Korea,
IndustryMay 10, 2011
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EU firms pledge $510m investment in Korea
Investment focuses on renewable energy and material industriesFive EU-based companies pledged to invest $510 million in Korea, the Ministry of Knowledge Economy announced Tuesday.The pledges ― two memoranda of understanding and three notifications of investment ― were made at an event held in Berlin attended by Minister of Knowledge Economy Choi Joong-kyung.The two memoranda of understanding were
IndustryMay 10, 2011
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World IT Show highlights media changes
Samsung, LG, KT, SKT to feature gadgets, up-to-date communications technologiesThe 2011 World Information and Technology Show will take place in southern Seoul for four days beginning Wednesday, putting the focus on the new paradigm of multimedia and display.With the theme “Get IT Smart,” the show has prompted the participation of 500 firms, such as well-known local and overseas electronics makers
IndustryMay 10, 2011
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Smart appliances prepare to find groove
Consumers are attracted by efficiency, but don’t want them to control their livesA refrigerator that’s so smart it automatically updates you on what food should go in the trash. A washing machine that can diagnose its’ own malfunctions and suggest the right fix. These are not home appliances from the next century; they are the gadgets available to the smarter users of today.LG Electronics in April
IndustryMay 10, 2011
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Renewables major part of world energy
U.N. Climate change panel says 80% of energy needs could be met by renewables by 2050ABU DHABI (AFP) ― Renewable energy could meet nearly 80 percent of the world’s energy needs by mid-century and play a crucial role in fighting global warming, the U.N.’s climate scientists said Monday in a major report. The 194-nation Intergovernmental Panel for Climate Change said renewable sources had grown rapi
IndustryMay 10, 2011
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Microsoft close to deal for Skype
IndustryMay 10, 2011
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China’s trade surplus jumps to $11.4 billion
BEIJING (AP) ― China reported an unexpectedly large April trade surplus, likely fueling U.S. pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.China’s global trade surplus widened to $11.4 billion as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed Tuesda
IndustryMay 10, 2011
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