Most Popular
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Dongduk Women’s University halts coeducation talks
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Defense ministry denies special treatment for BTS’ V amid phone use allegations
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OpenAI in talks with Samsung to power AI features, report says
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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Two jailed for forcing disabled teens into prostitution
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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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South Korean military plans to launch new division for future warfare
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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
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North Korean leader ‘convinced’ dialogue won’t change US hostility
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Korea pressured on currency
Seoul officials expected to turn more cautious in wake of U.S. criticismKorean officials are expected to take a more cautious approach in dealing with the foreign exchange market following the U.S. criticism of their active intervention to keep the won low, analysts said Monday.The Bank of Korea declined to make any official comment on the U.S. Treasury Department’s recent report to Congress on th
Feb. 7, 2011
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Korea Ginseng Corp. to open 11 overseas branches
Korea Ginseng Corp. said Monday it will establish 11 new branches outside Korea this year as it aims to more than double its overseas sales.The firm is well-known for its 6-year-old red ginseng brand Cheong Kwan Jang, which has been increasing in popularity overseas, particularly in China, over the past few years.The firm said it will establish new branches in China, Japan, North America, Singapor
IndustryFeb. 7, 2011
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Hyundai’s U.S. executives flock to GM
Hyundai Motor America’s senior designer Phillip Zak has returned to GM, joining the recent migration of Hyundai’s top-level executives to the U.S. giant.Zak, who had worked as GM’s chief designer for Europe before moving to Hyundai Motor America in April 2009, returned to the U.S. carmaker earlier this month.While at Hyundai Motor America, Zak is said to have played a key role in introducing Hyund
IndustryFeb. 7, 2011
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Bio firm finds structure...of superbug enzyme
A Korean firm said Monday it has identified the structure of a key protein that makes bacteria resistant to nearly all known antibiotics, paving the way for a treatment of the so-called superbug.Researchers at Crystalgenomics Inc., a Seoul based bio-venture, have succeeded for the first time to find the shape of the New Delhi metallo-beta-lactamase, or NMD-1 enzyme that deactivates antibiotics. Si
IndustryFeb. 7, 2011
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Firms to showcase new devices in Barcelona
Tablet PCs, smartphones to dominate Mobile World Congress next weekLocal electronics giants are lining up their cutting-edge mobile products for a global industry show in Barcelona, Spain next week.New tablet PCs and smartphones are expected to dominate the Feb. 14-17 Mobile World Congress, which is expected to draw more than 1,300 firms from all over the world.LG Electronics, which has been geari
IndustryFeb. 7, 2011
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‘Facebook may not be dominant in Japan’
Facebook Inc. may never overtake Mixi Inc. in Japan as the lure of connecting with friends overseas isn’t enough for users to switch services, according to the U.S. social-networking site’s biggest games developer.Japan “is one place where Facebook may not end up being dominant,” Robert Goldberg, head of Zynga Game Network Inc.’s operations in the country, said in an interview in Tokyo last week.
IndustryFeb. 7, 2011
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BHP, Rio help mine record $52b profit
BHP Billiton Ltd., Vale SA and Rio Tinto Group, the world’s three largest mining companies, are set for record profit totaling $52 billion as they accelerate earnings growth at the expense of their biggest customers.The companies, also the largest iron-ore exporters, may post an average 66 percent jump in the annual earnings they report this year compared with 2007, according to analyst estimates
IndustryFeb. 7, 2011
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Russia follows China in using reserve ratios to curb inflation
Russia, the only one of the so-called BRIC countries without capital controls, is following China and Turkey in relying on reserve requirements to drain cash from the economy and avoid luring more speculative investment.“We stand ready to continue increasing mandatory requirements, if needed,” Bank Rossii Chairman Sergey Ignatiev said in Frankfurt on Feb. 4. Policy makers will “act decisively to m
Feb. 7, 2011
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Indonesia economy expands 6.9%
Indonesia’s economy grew at the fastest pace in six years last quarter, extending an expansion that may prompt the central bank to raise interest rates further after its first increase since 2008 to curb price pressures.Gross domestic product rose 6.9 percent in the three months through December from a year earlier, compared with 5.82 percent previously reported for the third quarter, the Central
BusinessFeb. 7, 2011
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Peugeot introduces New 3008 SUV in S. Korea
Hanbul Motors Corp., the local importer of French automaker PSA Peugeot Citroen, on Monday introduced the latest version of Peugeot's Smart Urban Vehicle, the New 3008, that comes with an astonishing 21.2 km/l fuel efficiency. The top-rated fuel efficiency is a 10 percent improvement from the previous version as the vehicle comes with a new HDi engine that took nearly four years and 1.5 billio
MobilityFeb. 7, 2011
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Why women’s breasts are getting bigger
Just two years after Bravissimo, a lingerie maker for women with larger bust sizes, launched a KK-cup size, it recently introduced the L-cup to meet the growing demand for larger sizes. According to a report in the Daily Mail, the unprecedented demand for bigger bra sizes can be explained by three things.1. FatThe average British bra size has increased dramatically. In the 1950s, the average size
TechnologyFeb. 7, 2011
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Samsung, LG face off in smart appliances
Korea’s two largest electronics makers are vying to get an upper hand in the fast growing market for smart home appliances.Samsung Electronics and LG Electronics recently rolled out refrigerators, washers and air conditioners featuring improved technology in artificial intelligence, wireless access and efficient electricity control.Samsung Electronics’ home appliances division head Hong Chang-wan
TechnologyFeb. 6, 2011
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Chinese make up lion’s share of foreign wives
Chinese women took up the largest portion of foreign wives married to Korean men in 2009, government data said Sunday.According to Statistics Korea, a total of 11,364 Chinese women married Korean men in 2009, while 7,249 Vietnamese and 1,643 Filipina women walked down the aisle with Korean men in the same year.They were followed by Japanese, Cambodian, Thai, American and Mongolian wives, numbering
Feb. 6, 2011
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Wal-Mart plots local retail rebound in U.S.
Humbled and attacked on all sides, Wal-Mart seeks comeback from missteps that hurt salesSADDLE BROOK, New Jersey (AP) ― The battle for shoppers is playing out in this New York suburb: Wal-Mart versus everyone else.Dollar stores beckon, their small size ideal for quick shopping. Target offers 5 percent off if you pay with its store-branded card. Costco tempts with high-end, brand-name food and desi
IndustryFeb. 6, 2011
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Foreign firms’ entertainment costs almost triple Korean firms’ bill
Foreign firms operating in Korea spent an average of three times more on client entertainment than local firms in 2009, while their donations to good causes were just 30 percent of the latter, a report by the national tax watchdog showed on Sunday.According to the National Tax Service report, 1,406 foreign companies in Korea spent a total of over 62 billion won ($51 million) on entertainment expen
IndustryFeb. 6, 2011
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Samsung launches Bada phone in Korea
Samsung Electronics announced it released the Wave 2 smartphone, operating on its proprietary mobile operating system Bada, for the first time here on Sunday, while making moves to gain a bigger share in the mid-tier smartphone market.Serviced by SK Telecom, Wave 2 is equipped with a 3.7-inch super clear liquid-crystal display screen and a 5 million pixel camera and presents digital multimedia bro
TechnologyFeb. 6, 2011
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Seoul to host whisky festival
An event to help turn South Korea into a nation of whisky-lovers is to be held this month. The Whisky Live international road show will come to Korea for the first time on Feb. 27. More than 2,000 people are expected to attend the event boasting more than 100 products from over 40 whisky brands. Attractions will include samplings, whisky master classes, VIP sessions, bartender awards, as well as m
IndustryFeb. 6, 2011
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Whatever It Takes; a hip way to do good
Donna Karan, George Clooney and Greenday ― although they’re all big American stars, the three belong to distinctively different genres. But it turns out the trio have something else in common ― they are among the 660 world-famous celebrities who have donated smartphone and tablet PC cover designs to raise money for people living in underprivileged countries. Part of the proceeds from the covers ―
IndustryFeb. 6, 2011
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February discounts on Ssangyong
Ssangyong Motor Co. is offering a range of discounts on its vehicles until the end of the month.During the period, the company is providing a 2 million won ($1,790) discount for the luxury sedans Chairman W and Chairman H. For the Chairman H, the company is also offering a choice between a 2 million won DVD navigation system, 1.2 million won AM navigation system or an additional 700,000 won off. C
MobilityFeb. 6, 2011
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Hyundai’s Russian car bags top honor
Hyundai Motor Co.’s Solaris subcompact received the top award for its segment in the Golden Klaxon Awards given by the Russian auto publication Klaxon, the carmaker announced Monday. Based on the Accent, the Solaris is Hyundai’s strategic model for the Russian market that includes Russia-specific features such as windshield and wiper anti-freeze and brake warning systems. SolarisIn addition to th
MobilityFeb. 6, 2011
