A recent bout of electronic jamming signals from North Korea highlighted the growing risks of cyber warfare, which experts fear could be among its pledged “special actions” against South Korea. Hundreds of aircraft and ships have been affected by global positioning system disruptions traced to the North for the past week.The attack caused no major disasters but triggered jitters in the South over its vulnerability to Pyongyang’s increasingly sophisticated cyber capabilities. The incident comes l

North Korea May 8, 2012

Eletronic jamming signals emitting from North Korea have disrupted more than 250 commercial flights in and out of South Korea for more than a week, stoking concerns over public safety and further provocations by the communist state following a recent failed rocket launch. Nine Korean carriers and their nine foreign peers including Japan Airlines, Thai Airways and Garuda International experienced signal jamming with their global positioning systems between April 28 and May 6, the Transport Minist

North Korea May 7, 2012

Korean government, businesses tap resource-rich country after reformsKorea is seeking to carve out its presence in Myanmar as sweeping reforms of the former pariah state entice global powers to tap its huge resource reserves and growth potential.Despite diplomatic thorns and its limited trade with the country, Korea can capitalize on its experience of rapid industrialization and strength in construction and information technology in engaging what is called one of the next “Asian Tigers,” experts

Foreign Affairs May 3, 2012

As the aftershocks of the global financial crisis languish, financial market uncertainty, rising inflation and falling house values continue to suppress consumer sentiment and slash the spending capacity of Koreans. Under these circumstances, past spending filled with optimism is fading away. Consumers now search for the lowest prices on staple items. Still, they hone in on coveted products even though they may be expensive.Consumer interest is also growing in eco-friendly and socially conscious

Industry May 1, 2012

Police in Busan launched an investigation Tuesday into a report that a person drove a car with a dog dragged behind it last week.A civic group called Coexistence of Animal Rights on Earth has filed a complaint with the city police after receiving a tip from a witness. Video footage shot on April 29 shows a large dog on a leash being dragged behind a city car. It has been circulated on the Internet and TV channels triggering calls against animal cruelty.“Although passing-by cars honked horns and

Industry May 1, 2012

Around 7,000 policymakers, industry specialists and academics from some 130 countries will gather in Busan in September to seek ways to better utilize water resources and develop related technologies. The 2012 World Water Congress & Exhibition will provide a platform to foster a global network to tackle water scarcity and other challenges and devise potential solutions, organizers said Monday.“Water shortages are a big problem but also a fantastic opportunity for us to produce and export technol

April 30, 2012

Korea’s sole casino for locals adds hotel, condo, ski slopes, convention center and water parkSpurred by its robust casino business, Kangwon Land has been striving to transform into a multiplex resort and one of Asia’s leading tourist destinations. Its decade-long efforts are now coming to fruition. In addition to bustling gambling floors, it now features two hotels, condominiums, an 18-slope ski resort, a golf course and a convention venue with a water park slated for 2015.Also known as High1 R

Industry April 29, 2012

Casino-hotel complex supports education, culture and social enterprisesSince its founding in 1998, Kangwon Land has made social contribution a key part of its agenda, reflecting its mission of perking up the regional economy.The company says its programs aim to revive lethargic former coal mining towns in southern Gangwon Province and promote co-prosperity with contractors that employ residents there.Around 20 billion won ($17.6 million) is channeled into projects including educational support,

Industry April 29, 2012

YEOSU, South Jeolla Province ― POSCO on Tuesday unveiled the first glimpse of its pavilion at the forthcoming Expo 2012 Yeosu that highlights the steelmaker’s efforts to spearhead green technology and shore up ecosystem dynamics. Under the theme “Living Ocean and Coast,” 106 countries and nine international organizations will showcase their diverse marine development and advancement of oceanic technology on the southern shore of the Korean Peninsula starting May 12.The world’s fourth-largest ste

Industry April 24, 2012