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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Greece hit by new downgrade on debt fears
EU officials say Greece may need more help with debt as S&P downgrades Greek bondsLONDON (AP) ― Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout.Experts from the European Union and the International Monetary Fund
IndustryMay 10, 2011
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S. Korean woman dies from unidentified virus
A South Korean woman died on Monday at a Seoul hospital of pneumonia caused by an unidentified virus, the disease control agency said.The 36-year-old woman died in the morning in the intensive care unit at the hospital after being admitted last month for tuberculosis, according to the Center for Disease Control (CDC). The death marks the first mortality here caused by an unidentified virus, it sai
TechnologyMay 10, 2011
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U.S. full face transplant patient makes appearance
BOSTON (AP) -- The nation's first full face transplant recipient said the first thing his young daughter told him when she saw him after the operation was ``Daddy, you're so handsome.''Dallas Wiens, sporting a goatee and dark sunglasses, joined surgeons Monday at Brigham and Women's Hospital in Boston in his first public appearance since the 15-hour procedure in March.This picture shows facial tr
TechnologyMay 10, 2011
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FSC chief skeptical about sharing probe rights
A top government financial regulator on Monday expressed his concern about public criticism of the financial supervisory authorities following a series of scandals.Speaking at a meeting with reporters, Financial Services Commission Chairman Kim Seok-dong admitted his responsibility for the bribery scandals at the Financial Supervisory Service, an executive arm of the FSC.“I, as the chief regulator
May 9, 2011
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Korea, Japan open working-level FTA talks
South Korea and Japan held director-general level talks on a bilateral free trade agreement in Seoul on Monday.Monday’s meeting was the second to be held by director-general level officials from the two countries since the first round of talks held on Sept. 16 in Tokyo.At the latest talks, officials from the two countries discussed non-tariff barriers and other trade-related issues, and plans for
May 9, 2011
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Telecom companies to jointly set up WiFi networks
The wireless Internet connection through WiFi networks in public places is set to improve following joint efforts from the nation’s three telecommunication companies to set up more networks. Industry sources on Monday said the trio ― SK Telecom, KT Corp. and LG Uplus ― has already reached a consensus on the need to jointly establish networks at city halls, airports, train stations and government a
IndustryMay 9, 2011
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Business tycoons likely to miss FKI meeting
The buzz about the May 19 meeting of the Federation of Korean Industries’ executives has begun to fizzle as industry sources said chiefs of the nation’s top conglomerates are unlikely to attend. Samsung Electronics Chairman Lee Kun-hee, LG Group Chairman Koo Bon-moo, SK Group Chairman Chey Tae-won and Hyundai Motor Chairman Chung Mong-koo have all tentatively notified the FKI that they will not be
IndustryMay 9, 2011
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SK Chemicals aims for W3tr sales by 2015
Company aims to earn W2tr from green chemicals businessSK Chemicals will aim to make 3 trillion won ($2.8 billion) in sales in 2015, chief executive Kim Chang-geun recently told his company, SK Chemicals said Monday.SK Chemicals is a pharmaceuticals and chemicals maker affiliated to the country’s third largest conglomerate, SK Group. The company currently holds the largest share of Korea’s market
IndustryMay 9, 2011
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Four financial groups may see 10 trillion won in profit
Four major financial groups are expected to reap more than 10 trillion won ($9.3 billion) in combined net profit this year, mainly buoyed by revised accounting standards.The market is focusing on the growing feasibility of their all-time high earnings as they reported remarkable earnings during the first quarter.Profits posted by the four groups ― KB, Woori, Shinhan and Hana ― reached 2.6 trillion
May 9, 2011
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Ex-FSS, BOK officials on troubled banks’ payrolls
Data shows practice leads to collusion between lenders and watchdogOne in three savings banks suspended in the last decade had hired former officials from the financial watchdog or the central bank as auditors, a report said.Analysts said the data demonstrates long-held collusive ties that public agencies have had with the lenders they supervise.The findings by the Korea Federation of Savings Bank
May 9, 2011
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LVMH gains, Gucci declines in brand value
Louis Vuitton, the French maker of laminated canvas handbags, is the world’s most valuable luxury brand for the sixth consecutive year, a research group said. The brand, owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA, has a value of $24.3 billion, an increase of 23 percent from 2010, according to Millward Brown Optimor’s 2011 BrandZ study published Monday. That’s almost as much as the co
IndustryMay 9, 2011
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Darwin's travels may have led to illness, death
Charles Darwin (AP-Yonhap News) BALTIMORE (AP) -- The very travels that inspired Charles Darwin's theory of evolution and shaped modern biology may have led to one of the illnesses that plagued the British naturalist for decades and ultimately led to his death, modern researchers say. Darwin's ailments are the topic of an annual conference in Baltimore on Friday that offers modern medical diag
TechnologyMay 9, 2011
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Investment banks expect BOK to hike key rate in May
Most global investment banks forecast South Korea's central bank to raise its key interest rate this month in a bid to rein in rising consumer prices, a report showed Monday. According to the report by the Korea Center for International Finance, the investment banks, including Goldman Sachs, predict the Bank of Korea (BOK) will hike the benchmark seven-day repo rate at a rate-setting session s
May 9, 2011
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Apple brand value overtakes Google for top spot
Apple Inc., maker of the iPhone, iPad and iMac, overtook search-engine giant Google Inc. to become the world’s most valuable brand, WPP Plc said in a report.Apple’s brand value climbed 84 percent in the past year to $153.3 billion, WPP’s Millward Brown unit said. Google’s brand lost 2 percent to $111.5 billion, ending four years atop the rankings, while International Business Machines Corp. climbe
TechnologyMay 9, 2011
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LCD panel prices rebound in 20 months
Prices of liquid crystal display (LCD) panels bounced back for the first time in 20 months earlier this month, industry data showed Sunday, signaling that the flat-screen panel industry is set to buck a downturn. The price of 40- to 42-inch LCD panels for TVs stood at US$235 in early May, up $3 from late last month, according to market research firm DisplaySearch. Since peaking at $360 in Septem
IndustryMay 8, 2011
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P.M.’s office soon to unveil plans to overhaul FSS
The Prime Minister’s Office is set to unveil a road map to reforming the nation’s financial regulatory body, which has been tarnished by a series of corruption scandals involving its staff and distressed savings banks.The reform plan, to be unveiled this week, will aims to reestablish public confidence in the embattled Financial Supervisory Service, which has been harshly criticized for failing to
May 8, 2011
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‘Jeonse’ system loses favor with landlords
Apartment buildings under construction in Seoul. (Bloomberg)Ahn Ji-eun, 34, lives in a two-bedroom flat in Hwagok-dong in western Seoul with her husband and twin daughters. She moved into the 70-square-meter unit (about 22-pyeong) a year ago as a tenant on a one-year contract and now she is desperate to renew it.“We are told to top up our key money by 30 percent or move out. I’ve been looking for
May 8, 2011
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Mega Mini is fun in traffic, seriously cool
The 2011 Mini Cooper S Countryman is a big Mini. Big, of course, is relative in this case, but this new four-door’s size rankles purists, who point to the name of the brand itself. You can’t have a super-size Mini.Yes, BMW says, you can.The Mini family, owned by BMW, now includes the various Cooper models, the larger Clubman and the all-new Countryman, which has been described as Mini’s SUV. The b
MobilityMay 8, 2011
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POSCO seeks opportunity in South America
POSCO, the world’s fourth-largest steelmaker, is stepping up efforts to expand into South America’s infrastructure and natural resource development projects.On Saturday, POSCO chief executive Chung Joon-yang, who was on a four-day tour of Chile, Ecuador and Honduras, signed a memorandum of understanding with Li3Energy to provide technological and financial collaboration. POSCO chief executive Chun
IndustryMay 8, 2011
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Yeosu begins 365-day countdown to Expo
A series of colorful events concerning the International Exposition Yeosu Korea 2012 will begin in Yeosu, South Jeolla Province on Tuesday.The three-month long event will be held at the southern port city from May 12, 2012 until Aug. 12.According to the provincial and city governments, and the event’s organizing committee, a celebratory event will be held at a sports stadium in the southern city o
IndustryMay 8, 2011
