Most Popular
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Wealthy parents ditch Korean passports to get kids into international school
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[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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First snow to fall in Seoul on Wednesday
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Man convicted after binge eating to avoid military service
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Gyeongju blends old with new
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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Alzheimer's disease may be passed down from ailing mothers, study suggests
Mothers may be more likely to pass down Alzheimer’s disease to their children than fathers, a finding that may help identify patients earlier, researchers from the University of Kansas School of Medicine said. Healthy older adults with no cognitive problems whose mothers had Alzheimer’s disease had more brain shrinkage than those who had a father or no parent with the disease, according to researc
TechnologyMarch 2, 2011
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S. Korea OKs commercial operation of 21st nuclear reactor
South Korea's science and technology ministry said Wednesday that it has authorized the commercial operation of the country's 21st reactor after conducting detailed safety tests.The ministry said checkups conducted by the state-run Korea Institute of Nuclear Safety showed the New Gori 1 reactor, located about 450 kilometers southeast of Seoul, met all nuclear safety requirements."The notification
TechnologyMarch 2, 2011
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Koreans forecast to be 4th richest in 2040s
South Korea is expected to emerge as the world’s fourth richest country in terms of purchasing power in the 2040s, according to a report by Citigroup.The country’s economic surge will be powered by its high levels of technology and human resources and would be further boosted by a possible reunification with North Korea, analysts said.According to the U.S. investment bank’s report, cited by the Ko
March 2, 2011
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S. Korea's consumer prices jump 4.5 pct in Feb.
South Korea's consumer prices grew sharply in February mainly due to soaring food and energy-related product costs, adding to concerns that mounting inflationary pressure could undercut the nation's economic recovery, a government report showed Wednesday. According to the report by Statistics Korea, the country's consumer price index surged 4.5 percent last month from a year earlier. The figu
March 2, 2011
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Samsung Electronics scoops 30 international design awards
Samsung Electronics Co. announced Tuesday that it won 30 prizes, including two top honors, at an international design exhibition.The South Korean electronics giant said it grabbed 30 awards at the 2011 iF Product Design Award. Organized by the International Forum Design in Hanover, Germany, since 1953, the award recognizes products for their overall design, originality and their consideration for
IndustryMarch 1, 2011
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Conglomerates blast profit sharing scheme
Critics accuse former Prime Minister Chung of ignoring market economics A government-led initiative for profit sharing between large and small firms has sparked fury among conglomerates, politicians and academics who call it a “radical leftist” attempt to encroach on the free market economics.Chung Un-chan, a former prime minister who now heads the semi-official commission for “shared growth,” ann
March 1, 2011
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Communications spending grows fastest
Korean people’s spending on communications services grew at the fastest pace on record last year as a growing number of people used smartphones, which usually rack up a higher monthly bill than ordinary cell phones, government data showed Tuesday.Monthly household spending on communications services including the use of Internet and mobile phones averaged 136,682 won ($121) last year, up 4.8 perce
TechnologyMarch 1, 2011
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Ex-Shinhan chief given stock options
Shinhan Financial Group has granted stock options to its former chairman Ra Eung-chan, who resigned in October over alleged irregularities.Board members of the nation’s third-largest financial group recently endorsed a proposition that Ra be entitled to stock option rights, industry sources said on Tuesday.The stock options amounted to more than 300,000 shares. Considering the group’s stock price
March 1, 2011
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GM Korea goes on marketing offensive
Carmaker offers new customer service package for Chevrolet brandGM Korea Co. sweetened the official launch of its new brand on Tuesday with the introduction of a new customer service package. Korea’s third-largest carmaker, formerly named GM Daewoo Auto and Technology Co., debuted its new company name and the Chevrolet brand to the local market. In late January, it announced that the Daewoo name w
IndustryMarch 1, 2011
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SKT fosters mobile application developers
SK Telecom is cranking up its support of software developers, seeking to broaden its pool of mobile applications.Korea’s top mobile carrier said Tuesday it has picked four venture firms to receive its financial and operational support in its “innovation ecosystem” to generate programs for its mobile platform. The conglomerate has also worked since last year to help small and medium-sized enterpris
IndustryMarch 1, 2011
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Securities companies’ earnings edge up
Securities companies in Korea saw their earnings inch up in the first three quarters of fiscal 2010 from a year earlier, the financial regulator said Tuesday.A total of 62 local and foreign brokerage houses operating in the country posted 2.09 trillion won ($1.8 billion) in net income for the April-December period, just 2.2 billion won more than a year earlier, the Financial Supervisory Service sa
March 1, 2011
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KCC, Hyundai E&C win ...$380 million Saudi deal
Saudi Arabia’s Polysilicon Technology Co. said it has awarded a $380 million contract to two South Korean companies for construction of the first stage of a plant to make polysilicon for use in solar-energy panels.KCC Corp. and Hyundai Engineering & Construction Co. were selected to build the facility, which will have a capacity to produce 3,350 metric tons a year of solar-grade polysilicon, the S
IndustryMarch 1, 2011
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LGE looks to boost sales of air conditioners in Europe
LG Electronics said Tuesday it aims to more than double its share in the European air conditioning market this year.Korea’s second largest electronics maker is showcasing its air conditioning and heating products at a tradeshow in Madrid, Spain, this week.“We will target the European air conditioner market by strengthening our lineup with market-leading products, service capabilities and infrastru
IndustryMarch 1, 2011
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Korea posts $2.85b trade surplus in Feb.
Surplus down from January but country posts record daily exports of $2.05b despite Mideast turmoilKorea posted a $2.85 billion trade surplus in February, the 13th straight month that it has recorded a favorable balance, official figures showed Tuesday.The preliminary figures marked a slight decline from the revised $2.92 billion surplus for January, the Ministry of Knowledge Economy said.Exports i
March 1, 2011
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Data roaming gets cheaper, easier
KT Corp. offers affordable and unlimited mobile data access in AsiaKT Corp. on Tuesday launched a new international roaming service that enables users to access mobile data more cheaply and conveniently in 11 Asian countries.Under the new program, customers can use unlimited 3G data roaming and 100 megabyte Wi-Fi roaming service at 10,000 won ($8.87) per day.The company has run a trial service in
IndustryMarch 1, 2011
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Tech giants team up for green technology
Samsung Electronics, KT to cooperate for energy-efficient cloud serviceSamsung Electronics and KT Corp. are joining forces in a project to foster energy-efficient cloud computing to cope with exploding data demand amid a smartphone boom.The two companies signed an agreement Monday under which Samsung will install its new memory chips into a low-power server that KT is setting up in its data center
IndustryMarch 1, 2011
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Think tanks revising inflation outlooks
Korea’s major think tanks are expected to revise up their 2011 inflation outlooks for the country as oil and commodity prices are rising at a faster-than-expected pace.Industry sources said Tuesday that the nation’s leading private-sector think tank Samsung Economic Research Institute will likely raise its inflation outlook to mid-3 percent from its previous forecast of about 3 percent.LG Economic
March 1, 2011
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Australia’s RBA keeps rate at 4.75%
The Reserve Bank of Australia left its benchmark interest rate at the highest level in the developed world as consumer restraint and a strengthening currency tempered gains in inflation. Governor Glenn Stevens held the overnight cash rate target at 4.75 percent Tuesday, as forecast by all 25 economists surveyed by Bloomberg News. Stevens told lawmakers in testimony less than three weeks ago the ce
IndustryMarch 1, 2011
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Ford named most improved automaker
Ford Motor Co. improved the most since last year in Consumer Reports’ annual automaker rankings, bolstered by reliability for resale value, the magazine said. Ford received 67 points out of 100, according to results released Monday at the National Press Club in Washington. It didn’t provide a year-earlier comparison. Consumer Reports commended the manufacturer for the amount of room inside its veh
IndustryMarch 1, 2011
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One in five Korean firms consider reducing business with Middle East: survey
About one in five South Korean firms doing business in the Middle East expressed their intention to reduce operations in the region mired in an intensifying anti-government protest, a survey here showed Tuesday.According to the survey of 300 companies by the Korea Chamber of Commerce and Industry, 18.7 percent said that they consider reducing their business with the Middle East countries as part o
IndustryMarch 1, 2011
