Firms see fresh opportunity in providing new retirement-related asset managementSouth Korea’s major brokerages houses are setting up research centers targeting the country’s baby boomer generation in a bid to take a share in potentially huge securities-related markets.The term “baby boomers” refers

Sept. 15, 2011

German media critical of court’s ban on sale of Samsung Galaxy tabletSamsung Electronics Co., the world’s second-biggest mobile phone maker, said on Wednesday it will file an appeal this week in a bid to overturn the latest German court ruling that bans sales of its tablet computer Galaxy Tab.

Technology Sept. 14, 2011

Stake sale signals major shift in control of Samsung GroupSamsung Card Co. said on Wednesday it plans to sell its 20.64 percent stake in its affiliate Samsung Everland Inc., which acts as Samsung’s Group’s holding company, sparking keen interest about possible stake buyers.Samsung Card, which owns a

Sept. 14, 2011

   TRIPOLI, Libya (AP) _ NATO warplanes pounded targets in a number of strongholds of support for fugitive dictator Moammar Gadhafi, the alliance said Tuesday, as an offensive by revolutionary forces on a key loyalist town stalled.   The alliance said Tuesday that airstrikes stru

World News Sept. 13, 2011

South Korea’s brokerage houses annually spend more than 100 billion won ($92 million) on wining and dining their clients, Financial Supervisory Service data showed on Tuesday. In a single business day, about 400 million won worth of meals and entertainment expenses are signed off for entertaining cl

Sept. 13, 2011

European funds valued at about 5.5 trillion won ($5 billion) are estimated to have pulled out of South Korea’s stock and bond markets since August according to the country’s financial regulators’ data, underscoring the volatile sentiment gripping jittery investors.The sell-off came after the histori

Sept. 13, 2011

Samsung Electronics, the country’s biggest mobile handset maker, said on Sunday its domestic market share reached nearly 60 percent in August on the back of stronger demand for its smartphone models led by Galaxy S2.Samsung projected that a total of 2.13 million mobile handsets were sold last month,

Industry Sept. 4, 2011

Foreign investment banks revise down country’s economic growth projectionsForeign investment banks have revised down their economic growth predictions for South Korea, reflecting worsening external factors such as continuing U.S. and European debt woes that could damage the country’s export-driven e

Sept. 4, 2011

By Yang Sung-jinSouth Korea’s consumer prices surged at the fastest pace in three years in August and trade surplus shrank sharply as its soaring imports outpaced export gains, data showed Thursday. The double whammy has set alarm bells ringing over the Korean economy amid lingering worries about t

Sept. 1, 2011

   BOSEONG --  A crop dusting helicopter crashed on a hill near Boseong, 397 kilometers south of Seoul, after hitting a high voltage power cable, police said Sunday.   Law enforcement authorities said the 50-year-old pilot, identified by his family name of Park, was killed i

Social Affairs Aug. 21, 2011

   TRIPOLI, Libya (AP) _ Libyan rebels said they were less than 20 miles (30 kilometers) from Moammar Gadhafi's main stronghold of Tripoli on Sunday, a day after opposition fighters launched their first attack on the capital itself.   Fighters said a 600-strong rebel force that s

World News Aug. 21, 2011