Most Popular
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South Korean author Han Kang wins 2024 Nobel Prize in literature
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NewJeans’ Hanni to attend National Assembly audit as witness
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Exploring works of Han Kang
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North Korea already cut off inter-Korean roads in Aug.: JCS chief
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[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
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Han Kang declines press conference, not to celebrate, citing global wars
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Han Kang's 'first reactions' after winning the Nobel Prize
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Teenage N. Korean defector shares horrific story of life in reclusive regime
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[Graphic News] First marriage age rises to 34 for men, 31.5 for women
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BTS’s V and RM celebrate Han Kang’s Nobel Prize in literature win
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Korean Air introduces premium in-flight services
By Cho Ji-hyunKorean Air, the country’s largest air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services.At a press event in Incheon, the company said it will upgrade the in-flight menu for economy seat passengers beginning in June, serving a healthier meal option -- salmon
April 27, 2011
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Hyundai Heavy’s packaged power stations go online in Japan
By Choi He-sukThe packaged power stations Hyundai Heavy Industries provided to Tokyo Electric Power Co. began operations Wednesday.Developed by Hyundai Heavy, a packaged power station is a piece of diesel-fueled power generating equipment contained within a 40-feet long container.The world’s largest shipyard sent over four packaged power stations to Japan after TEPCO’s Fukushima Daiichi nuclear po
April 27, 2011
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POSCO expands fair trade, shared growth programs
Industry and goverment officials including POSCO chief executive Chung Joon-yang (fourth from left, front row), Fair Trade Commission Chairman Kim Dong-soo (fifth from left, front row) and head of the Commission on Shared Growth for Large and Small Companies Chung Un-chan (sixth from left, front row) at POSCO’s office in Seoul after the steelmaker and subsidiaries signed an agreement to promote fa
April 27, 2011
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Korean Air introduces premium services
Korean Air, the country’s top air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services. Heather Cho (fourth from left), senior vice president at Korean Air and DAVI’s chairman Carlo Mondavi (third from left) after featuring a new amenity cosmetic skin care set for business a
April 27, 2011
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Prices of DRAM chips remain below $1: report
Prices of dynamic random access memory (DRAM) devices rose marginally in the second half of this month but stayed below the $1 level, an industry report showed Wednesday, casting doubts on the prospect for their quick recovery.The contract price of the benchmark DDR3 1-gigabit 128Mx8 1066-megahertz device rose 1.03 percent from the first half of this month to $0.98 in the second half, according to
April 27, 2011
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Q1 auto exports to Eastern Europe surge
South Korea’s automobile exports to Eastern Europe rose sharply in the first three months of this year thanks to an economic recovery in the region, a local automobile association said Wednesday. During the January-March period, South Korean car makers’ auto exports to Eastern Europe, including Russia, reached 72,393 units, compared with 37,670 units a year earlier, according to the Korea Automobi
April 27, 2011
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Tycoon families prefer to live in Gangnam: report
By Koh Young-aahSeoul’s Gangnam area, on the southern side of the Han River, has emerged as a popular residential area for families of the country’s top 30 tycoons over the years, a research firm said in a report Wednesday.Seongbuk-dong and Hannam-dong, located in Gangbuk, north of the river, have historically been considered wealthy areas where most local conglomerate owners reside.The trend, how
April 27, 2011
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LG Electronics post Q1 profit after two quarterly losses
By Cho Ji-hyunLG Electronics announced its comeback Wednesday by getting back into the black, posting 13.15 trillion won ($12.19 billion) in sales and 130 billion won in operating profit for the first quarter of this year.In its quarterly earnings report, the company said total sales maintained a similar level to the same period last year, down 0.4 percent. However, its net loss during the term wa
April 27, 2011
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‘Knowing market key for foreign retailers’ entry here
By Koh Young-aahForeign retailers seeking to enter the Korean market should consider its unique traits and cultural differences to succeed, according to Richard Hwang, managing director of global commercial real estate services firm Cushman & Wakefield’s Korean unit. “A lot of global retailers have experienced failure here because they had little understanding of the market before entering it. As
April 27, 2011
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KAIST develops robotic offshore docking system
South Korean engineers successfully tested the world’s first operational automatic docking system between two large ships off the country’s southeastern coast, a state-run science and technology university said Tuesday.The test carried out in Busan, 453 kilometers southeast of Seoul, is an integral part of the larger “mobile harbor” project that aims to make it possible to speed up the loading and
April 27, 2011
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Ford posts best Q1 profit in 13 years
DETROIT (AP) ― Ford posted its best first-quarter profit in 13 years, as its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices.New arrivals such as the Ford Explorer and Fiesta small car are selling well. Company profits are growing around the world. And Ford is charging more for its cars, helping offset higher commodity costs.Ford Motor Co. on Tuesday said its
April 27, 2011
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Samsung to build green energy complex in reclaimed Saemangeum
Samsung Group, South Korea’s top conglomerate, will build green-energy industrial facilities from 2021 in a new town to be created on west coastal tidal flats, the Prime Minister’s Office (PMO) said Wednesday.Samsung signed a memorandum of understanding with the government to construct green-energy production facilities, a research institute and houses on a 11.5-square-kilometer plot in the Saeman
April 27, 2011
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Greece’s deficit bigger than forecast
Government deficit reaches 10.5% of GDP in 2010, above 9.6% predicted by EUBRUSSELS (AP) ― Greece’s government deficit was significantly bigger than forecast last year, European Union data showed Tuesday, underlining the difficulties the debt-ridden country is having to get its finances under control.Greece’s deficit hit 10.5 percent of economic output in 2010, well above the 9.6 percent the Europ
April 27, 2011
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8 out of 10 employees work late: survey
(MCT)Eight out of ten employees work overtime, half of them without any reward, a study showed Tuesday.In a survey conducted by Saramin, an online recruitment website in Korea, about 75.9 percent of respondents worked overtime, with 45.8 percent of them doing so without proper compensation.More than 54 percent of respondents who worked overtime said they were considering quitting their jobs. Most
April 27, 2011
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World’s largest oil firm to hold board meeting here
The world’s largest crude oil producer Saudi Aramco will hold its annual board of directors meeting in Seoul on Thursday.According to S-Oil, Saudi Aramco chief executive Khalid A. Al-Falih came to Korea on a five-day trip on Monday, during which he will attend the board meeting.The Saudi state-owned firm produces about 3.4 billion barrels of oil on an annual basis, and supplies about 30 percent of
April 26, 2011
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Sakha Republic seeks Korean involvement in resources development
Sakha Republic’s delegation, led by President Egor Borisov, wrapped up its three-day trip to South Korea on Tuesday.Accompanied by 40 government and industry officials, Borisov came to Korea on Sunday to promote Sakha Republic’s economic projects including those involving natural resources development.Taking up about half of Russia’s Far Eastern Federal District, Sakha Republic is the world’s larg
April 26, 2011
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Anti-counterfeit device added to Windsor whisky
The country’s largest spirits distributor Diageo Korea launched a new anti-counterfeiting device Tuesday.The new device, Windsor Protect, is designed so that a 2-millimeter gap is left between the cap and neck of the bottle once it is opened, preventing the bottle from being resealed once the original seal is broken.The device, which according to the company is the most efficient of its kind, will
April 26, 2011
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S. Korea’s biggest food expo opens
South Korea’s largest-ever international food exposition kicked off Tuesday for a four-day run, bringing together more than 1,100 companies from 45 countries.The 2011 Seoul Food Expo will run until Friday at the Korea International Exhibition Center in Goyang, northwest of Seoul, according to its organizer, the Korea Trade-Investment Promotion Agency (KOTRA).The 29th Seoul Food Expo comes as Seoul
April 26, 2011
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KT chairman cool on fee cuts
KT Chairman Lee Suk-chae responded coolly to the government’s demand to lower telecom costs, claiming that companies should be noted for making network investments.In a meeting with reporters in Jeju, Lee said he would discuss multiple measures with the government considering there is a financial burden involved.“Consumers’ money spending pattern has changed and increased in sum with the economic
April 26, 2011
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Will KCC have any teeth against Apple?
Regulator losing public confidence for failing to maintain momentum in queries With Apple yet to break its silence over location data, local authorities face an uphill battle in determining whether the situation warrants real concern. The Korea Communications Commission, the state-run communications regulator, has formally relayed its worries about personal information storage to Apple Inc., the m
April 26, 2011