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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Kia EV9 GT marks world debut at LA Motor Show
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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
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LG Display likely to swing into red in Q4 on EU fines
LG Display Co., the world's No. 2 supplier of liquid crystal display (LCD) panels, is likely to report a loss for the fourth quarter, industry sources said Tuesday, as a fine of 215 million euros (US$285 million) by the European Union (EU) takes a toll on its bottom line.According to the sources, the penalty will be reflected in the company's earnings for the October-December period, which are sla
TechnologyJan. 18, 2011
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Seoul to hike milk output quota to tackle FMD-sparked dearth
South Korea will temporarily allow local dairy farms to increase milk production to counter shortfalls caused by the culling of dairy cows due to the recent foot-and-mouth disease (FMD) outbreak, the farm ministry said Tuesday.The move calls for production quotas to be raised by 5 percent for the next two years to help boost supply and preempt price hikes that can exacerbate inflationary concerns
TechnologyJan. 18, 2011
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Additional FMD case found in central S. Korea
South Korea confirmed an additional case of foot-and-mouth disease (FMD) in the country's central region on Tuesday, though nationwide vaccinations and quarantine efforts are having some effect on containing the disease.The additional case at a pig farm in Yesan, 134 kilometers south of Seoul, brings the total number of confirmed FMD outbreaks to 121, since animals started showing symptoms in late
TechnologyJan. 18, 2011
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The largest color image of sky revealed
The most comprehensive view of the night sky has been released at the 217th annual meeting of the American Astronomical Society in Seattle, the BBC reported. The Sloan Digital Sky Survey has mapped the Milky Way Galaxy’s northern and southern hemispheres, represented as two big clusters in the newly-released image. The ongoing survey has already identified nearly half a billion astronomical object
TechnologyJan. 18, 2011
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New zodiac signs mean yours may have changed
The twelve zodiac signs, which have been in place for almost 3,000 years, are now different according to news reports. The Babylonians determined the dates of the zodiac, and since then the position of Earth in relation to the Sun has gradually altered, according to ABC News.The shifting of the Earth’s axis has also introduced a 13th zodiac sign -- Ophiuchus. The Huffington Post reported that astr
TechnologyJan. 18, 2011
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Apple CEO Steve Jobs takes medical leave
SEATTLE _ Apple Inc. CEO Steve Jobs, the charismatic frontman for the company that overturned the smart phone industry and invented a new category of tablet computers, is taking a second medical leave of absence in two years.In the last decade, Jobs, 55, has survived a rare but curable form of pancreatic cancer and undergone a liver transplant. The news that he will again step down from his day-to
IndustryJan. 18, 2011
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GS Caltex closes plant on power outage
GS Caltex Co., Korea‘s second-largest refiner, said Monday that it had shut down all of its crude distillation units and its No.1 residue fluid catalytic cracker in the southern part of the country due to power failure. Power at the Yeosu complex was cut off at 4:10 p.m. local time and resumed 23 minutes later, according to the official“The affected facilities could not restart within today, thoug
IndustryJan. 17, 2011
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Offshore tax evasion faces crackdown
NTS to focus on paper companies being used to evade tax, hide moneyThe National Tax Service on Monday vowed to toughen its crackdown on offshore tax evasion by wealthy persons and large businesses as one of its priorities this year.The tax authority said it will step up curbs on borrowed-name financial transactions often used by companies to manipulate their incomes. It will also enhance the inqui
Jan. 17, 2011
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‘Korea faced with deepening health care deficit’
Fast-aging Korea could see a deficit of 16 trillion won ($14 billion) in its medical insurance financing by 2020, a report warned Monday. Without “fundamental change” in the overall system, the deficit would continue to swell in the coming years, the Institute for National Health Insurance, an affiliate of the National Health Insurance Corporation, said in its mid- and long-term financial report.
TechnologyJan. 17, 2011
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Give me back my sign! Horoscope readers atwitter
Sofia Whitcombe began her day with the startling realization that she might not be exactly who she thought she was."My whole life, I thought I was a Capricorn," the 25-year-old publicist said. "Now I'm a Sagittarius? I don't feel like a Sagittarius!" It felt, she said, like a rug had been pulled from under her feet."Will my personality change?" she mused. "Capricorns are diligent and regimented, a
TechnologyJan. 17, 2011
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Civil servants told to don long johns
Korea’s civil servants have been ordered to do their public duty by switching off the heating and donning long johns as the severe cold puts a strain on power resources, officials said Monday. In an emergency energy savings plan, all ministries and state-run companies have been told to turn off the heating from 11:00 am to noon and 5:00-6:00 pm, the Knowledge Economy Ministry said. Government buil
Jan. 17, 2011
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Expert calls for tougher supervision of banks
Banking regulators across the globe need to introduce marco-prudential measures, including a bank levy, in a bid to enhance soundness of the economy and the financial system, an expert said Monday.“New bank capital rules called BASEL III can be considered an outcome from an agreement on micro-prudential measures. But there has been not enough agreement on macro-prudential tools so as to enhance th
Jan. 17, 2011
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Korea’s trade surplus hits record high $41.2b in 2010
Korea’s trade surplus reached a record high last year, aided by robust exports of semiconductors, ships and other key products, the customs office said.The country’s trade surplus reached a revised $41.2 billion in 2010, down from an earlier estimate of $41.7 billion, according to the Korea Customs Service. But the 2010 reading still marked the largest trade surplus, exceeding the previous record
Jan. 17, 2011
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Firms’ direct financing drops 10.4% in Dec.
Korean companies’ direct financing shrank 10.4 percent in December from a month earlier due to a drop in corporate bond sales, the financial regulator said Monday.Local firms raised a total of 9.4 trillion won ($8.4 billion) through sales of stocks and bonds last month, compared with 10.5 trillion won in November, the Financial Supervisory Service (FSS) said in a report. The decline came due to co
Jan. 17, 2011
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Won rises 2.6% against dollar in 2010
The Korean currency gained 2.6 percent against the U.S. dollar last year amid robust exports and continued capital inflows, the central bank said Monday.The won’s gain was the smallest last year among major Asian currencies excluding the Hong Kong dollar, which lost 0.2 percent against the greenback, according to the Bank of Korea. Hong Kong has pegged its currency to the greenback.Among major Asi
Jan. 17, 2011
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Korean firms aim for further gains at Detroit Motor Show
DETROIT (AFP) ― Korean automakers Hyundai and Kia made a strong showing at this year’s Detroit auto show, turning heads with new models and vowing to build on last year’s gains.Both Kia and Hyundai ― which share manufacturing and engineering facilities but sell their vehicles separately in the U.S.― are looking for more growth this year after setting sales records in 2010, with Hyundai having fini
IndustryJan. 17, 2011
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Russian company builds Web empire at home and abroad
MOSCOW (AFP) ― It is a company with a stake in Facebook, the leading position in one of the world’s fastest-growing Internet markets and a listing on the London Stock Exchange.But this is not a firm from Silicon Valley or a high-tech Asian economy. It is from Russia, in recent years not a place known for cutting-edge corporate innovation.While President Dmitry Medvedev ploughs on with his state-sp
IndustryJan. 17, 2011
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G20 committee to go under Finance Ministry
The government is placing the Presidential Committee for the G20 Summit into the Finance ministry as a task force during February to coordinate follow-ups of agendas with France, the G20 chair for this year.“The G20 preparation body was created to organize the G20 Seoul summit last year and we are readying to move them to the Finance Ministry,” the government said.The committee will be comprised o
Jan. 17, 2011
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State R&D chief to speak at CeBIT
Hwang Chang-gyu, head of Ministry of Knowledge Economy’s Strategic R&D Planning office, has been chosen as one of the three speakers for a conference to be held during German IT exhibition CeBIT from March 1 to 5, the organizers of the event said Monday. Hwang Chang-gyuThe former Samsung Electronics chief, who was appointed to the government post early last year, is the first Korean to give a spee
IndustryJan. 17, 2011
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Hyundai Mobis eyes spot in top 10 car parts makers
Hyundai Mobis Co. plans to invest 1.15 trillion won ($1.02 billion) this year aiming to become one of the world’s 10 largest auto parts makers, the company said on Monday.The company affiliated with Hyundai Motor Group will earmark 360 billion won for research and development for high-tech systems this year.It will diversify its R&D personnel to include more engineers specializing in information t
IndustryJan. 17, 2011
