Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Foreign CEOs invited for forum on Park’s policy
The foreign business community in Korea is expected to be offered a rare opportunity to directly converse with the incoming Park Geun-hye government. On March 20, The Korea Herald and The Herald Business will jointly host a dialogue between global companies here and the five top government officials of the Park government in the fields of economy, welfare, labor, finance and defense. The event will be held for over 500 businesspeople in the foreign corporate community here, at Millennium Hilton
IndustryJan. 30, 2013
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Korea’s income inequality 3rd highest in OECD
Income disparity among Koreans aged 65 and older is widening as the population rapidly ages with fewer job opportunities for the elderly.Income inequality in Korea among those 65 and older reached an all-time high of 0.419 on the Gini index in 2011, according to the country’s statistics bureau and the Korea Labor Institute.The number broke the 0.5 mark after measuring incomes after subtracting public assistance funds and basic insurance benefits for senior citizens.A coefficient approaching 1 si
Jan. 30, 2013
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Top conglomerates have thick glass ceiling
The ratio of female executives at South Korea’s top conglomerates reached 1.5 percent, data showed Wednesday, raising concerns over the severe gender imbalance in the local firms’ C-suite.Women accounted for 77 of the total 5,201 executives at 94 affiliates of the country’s 10 major business groups as of Friday, according to the data compiled by research firm CEO Score.Samsung Group, South Korea’s top conglomerate, employed 39 high-ranking female officials, accounting for more than half of the t
Jan. 30, 2013
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Hana Bank raises $500m via bond sale
Hana Bank, South Korea’s No. 4 bank, said Wednesday that it has raised $500 million by selling global bonds in order to repay maturing foreign currency debt. The lender said the three-year bonds carry an interest rate of 1.375 percent, which translates into a rate of 1.05 percentage points higher than the yield on three-year U.S. Treasuries.The debt sale was co-arranged by five foreign investment banks, including Barclays and BoA-Merrill Lynch, the bank added. (Yonhap News)
Jan. 30, 2013
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Samsung to top Apple in smartphone market in 2013
South Korea-based tech behemoth Samsung Electronics Co. will likely see its share of the world smartphone market far outpace that of iPhone maker Apple Inc. this year with new Galaxy devices set to hit the market, data showed Wednesday.Samsung is expected to ship 320.4 million units of smartphones worldwide in 2013, compared with an estimated 159 million units of the iPhone shipped by Apple, according to the data by market researcher Strategy Analytics.LG Electronics Inc. of South Korea comes ne
TechnologyJan. 30, 2013
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Four key IT technologies that will shape the future
Cloud computing, business analytics, mobile, social business. There is no mystery why we are hearing so much about these technologies. They are completely reshaping how business gets done and rewriting strategic playbooks across industries. In these spaces, new business possibilities are emerging and some companies are equipped to innovate at the forefront of these fast-moving technology trends and drive strategic advantages for their organizations.In fact, CEOs say that during the next three to
TechnologyJan. 30, 2013
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Major telecoms offer unlimited data plans for LTE smartphones
The monthly unlimited data schemes for handsets running on the fourth-generation Long Term Evolution networks have been the talk of town since their debut last week.LG Uplus, the smallest of the nation’s three mobile carriers, was the first to announce the new unlimited data usage plan for LTE smartphone owners, with the plan starting from 95,000 won.The move was immediately followed by KT on the same day, featuring a similar monthly usage scheme.However, it took longer for industry leader SK Te
TechnologyJan. 30, 2013
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How to fend off sexual harassers on buses, subways (2)
1. A harasser approaches a woman from the front as shown in Picture 1, leaving very little or no personal space.There are two ways of getting out of this tight situation. One is the silent approach without drawing attention from nearby people, and the other is to aggressively stand against the opponent causing commotion.Here is how to actively fend off harassers on public transport.2. Take a step away from the opponent. Bend both arms to bring both hands toward your chest and block the opponent
TechnologyJan. 30, 2013
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New hair transplant device developed to improve success rate
The number of people in Korea suffering from hair loss has now reached 10 million. Recently, it’s not only because of genetic reasons, but also due to environmental factors such as excessive stress, drinking, smoking and irregular eating habits.A growing number of hair loss patients are in their 20s and 30s, and most of them have difficulties in their social life.The most common way to prevent or treat hair loss is by taking drugs such as finasteride and minoxidil. But patients with genetic caus
TechnologyJan. 30, 2013
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Entrepreneur finds an opportunity in home care for elderly Asians
PHILADELPHIA ― It’s hard for anyone to care for an ailing, aging family member, but Choi Im-ja faced extra challenges when her mother’s stomach cancer was diagnosed in 2002.Choi’s mother, who had come to the United States from Korea in 1978 to help raise Choi’s children, had never learned to speak English or enjoy American food. Choi thought she would be miserable in a nursing home.But her mother weighed 62 pounds and had a colostomy bag when she got out of the hospital. Choi and her husband bot
TechnologyJan. 30, 2013
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LG plans to roll out new flagship smartphone by March
LG Electronics will roll out a new flagship smartphone dubbed “Optimus G Pro” in Korea by March, according to its chief financial officer Jeong Do-hyun on Wednesday.Following its quarterly earnings conference at its headquarters in Yeouido, Jeong said that the new 5.5-inch flagship smartphone will be released in the local market by the first quarter and then to the overseas market in the second quarter.Another LG executive also stated during the earnings conference that the new G series smartpho
TechnologyJan. 30, 2013
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Taiwan’s E Ink accused of asset-stripping Hydis
E Ink, the parent company of Hydis, appeared to have no concrete plans on how to run Hydis, a local manufacturer of LCDs.Despite the uproar at the Gyeonggi-based company this month after its plants were forced to shut down by E Ink until Feb. 15, the Taiwan-based maker of electronic ink remained silent.Neither the employees at Hydis nor E Ink offered any clue, with E Ink stating only that it was “operating legally,” and therefore, there were no problems. “We acquired Hydis, so it’s OK,” said on
IndustryJan. 30, 2013
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Chronology of major events leading to Seoul's 3rd space rocket launch
The following is a chronology of major events related to South Korea's development of the Korea Space Launch Vehicle-1, which is set to blast off from the country's Naro Space Center later Wednesday. March 2001 - South Korea joins the Missile Technology Control Regime, an informal international association that oversees the proliferation of unmanned delivery systems capable of delivering weapons of mass destruction. August 2002 - South Korea and Russia confirm plans to develop the Korea Spac
TechnologyJan. 30, 2013
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Seoul shares rise 0.43 pct on exporter gains
South Korean stocks closed 0.43 percent higher Wednesday as local exporters continued to rebound from their recent losses on the improved foreign exchange market conditions, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) climbed 8.47 points to 1,964.43. Trading volume was high at 515.9 million shares worth 4.2 trillion won (US$3.87 billion) with gainers outnumbering decliners 425 to 367."The local stock market recouped some
Jan. 30, 2013
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LG Electronics logs 107 bil operating profit in Q4
South Korean consumer electronics giant LG Electronics Inc. saw its net loss widen in the fourth quarter from a year earlier due to increased marketing costs and a one-off TV cartel fine. Net loss came to 467.8 billion won ($431 million) in the October-December period, growing more than three-fold from the loss of 111.6 billion won the previous year, LG Electronics said in a regulatory filing.Revenue slipped 2.3 percent on-year to 13.5 trillion won over the cited period, while operating profit j
IndustryJan. 30, 2013
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Timing of meal affects weight loss: study
A new study shows that meal timing seems to affect weight loss, suggesting that when people eat matters as much as what they eat. A research team from Brigham and Women’s Hospital in Boston and the University of Murcia studied the relationship between meal times and weight loss among 420 participants for 20 weeks. The first group of people was told to eat before 3 p.m. while the latter group ate after 3. The study suggested that early eaters lost more weight than late eaters and did so more quic
TechnologyJan. 30, 2013
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Subglacial Lake suggests life deep under Antarctic
The successful drilling of subglacial Lake Whillans suggests that microorganisms may have been living under the Antarctic ice sheet for thousands of years, U.S. broadcaster NBC News reported. Funded by U.S. National Science Foundation’s Office of Polar Programs, members of the Whillans Ice Stream Subglacial Access Research Drilling project drilled into the 800-meter-deep lake, retrieved water and sediment samples and analyzed them. The analysis of experiments showed that microorganisms may exist
TechnologyJan. 30, 2013
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Airborne bacteria may impact climate
U.S. scientists say bacteria and fungi found floating a surprising 30,000 feet above the Earth‘s surface have the potential to affect the globe’s weather.Scientists have long studied airborne bacteria, but they typically do so from the ground, so not much has been known about the number and diversity of floating microbes, researcher Athanasios Nenes, an atmospheric scientist at Georgia Tech, said.To find out more, Nenes and his colleagues hitched rides on a NASA research aircraft doing atmospher
TechnologyJan. 30, 2013
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SK Hynix posts profit as chip demand improves
South Korean chipmaker SK Hynix Inc. reported a second straight quarterly profit as its debt load eased and sales benefited from increased demand for chips used in smartphones and servers. The company said Wednesday its October-December net profit totaled 163.7 billion won ($151 million) compared with a 239.9 billion won loss a year earlier. SK Hynix returned to the black in the July-September quarter with a 2 billion won profit following a period of losses due to a slump in chip prices and weak
IndustryJan. 30, 2013
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U.S. court says Samsung infringement wasn’t ‘intentional’
The U.S. court looks to be changing its stance on the Samsung-Apple global patent litigation with Apple with the court acknowledging that Samsung patent infringements were not intentional on Wednesday.U.S. District Judge Lucy Koh denied Apple’s argument that the $1.05 billion damages award against Samsung from its previous patent infringement trial should be increased.She found that Samsung’s infringement was not “willful,” denying a new trial and leaving the August jury findings largely untouch
IndustryJan. 30, 2013