Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Online game ‘ArcheAge’ begins paid service
New online role-playing game “ArcheAge” launched its paid service at 8 a.m. Wednesday, after a two-week free trial period. XLGAMES, developer of the title, launched paid subscriptions for “ArcheAge” earlier last week. According to XLGAMES’s official website, fixed-rates that offer 30-days and 90-days of play time are 19,800 won ($18.74) and 47,500 won ($44.96), respectively. Alternately, players can choose a 30-hour subscription plan which costs 9,900 won ($9.37).XLGAMES has previously presented
TechnologyJan. 16, 2013
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Facebook posts more memorable than book quotes: study
A study has found that people are more able to remember Facebook posts from their friends than random book quotes or human faces. The study “Major memory for microblogs,” conducted by academics at the University of Warwick and UC San Diego, asked undergraduate students to read posts from their Facebook feeds. They were also given sentences from random books and human faces to memorize. The researchers then asked them to recall the online posts, book quotes and human faces.The result showed stud
TechnologyJan. 16, 2013
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Japanese airlines ground all Boeing Dreamliners
Japan's two biggest airlines on Wednesday grounded all their Dreamliners in the most serious blow yet to Boeing's troubled next-generation model after an ANA flight was forced into an emergency landing.The 787 Dreamliner has suffered more than a week of bad news that has prompted safety investigations by three national aviation regulators, although Boeing insists the plane is safe.All Nippon Airways -- the world's first carrier to receive the Dreamliner from Boeing after years of delays -- said
IndustryJan. 16, 2013
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Seoul shares up 0.3 percent in late-morning trade
South Korean stocks traded 0.3 percent higher late Wednesday morning, led by gains in utilities and construction firms, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.96 points to 1,989.70 as of 11:40 a.m.State-run electricity provider Korea Electric Power Corp. climbed more than 2 percent and No. 1 builder Hyundai Engineering & Construction jumped nearly 3 percent. In contrast, tech firms lost ground, with top-cap Samsung Electronics slipping 0.07 percent.The loca
Jan. 16, 2013
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New ‘flying’ frog discovered in Vietnam
An Australian biologist has described the discovery of a large green “flying” frog in Vietnam that uses its big webbed feet to glide through forests.Writing in the Journal of Herpetology, Jodi Rowley, an amphibian biologist at the Australian Museum in Sydney, told how she and other researchers “came across a huge green frog, sitting on a log,” not far from the capital, Ho Chi Minh City.She later determined the 3.5-inch creature is a relatively large new type of flying frog, a group known for its
TechnologyJan. 16, 2013
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Super hero-themed vehicles promote fighting hunger
Two super hero-themed vehicles at the auto show in Detroit are there for more than just their flashy looks.The Batman-decorated Kia Optima and the Green Lantern-wrapped Kia Soul are at the South Korean automaker‘s exhibit to promote an effort to fight hunger in Africa. Features include Batman symbols inside and outside on the Optima, and the Green Lantern’s symbol on the Soul‘s wheels.The vehicles were created as part of a partnership involving DC Entertainment. The ``We Can Be Heroes’‘ effort i
MobilityJan. 16, 2013
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Seoul to launch Naro space rocket between Jan. 30-Feb. 8
South Korea will launch its Korea Space Launch Vehicle-1 (KSLV-1) between Jan. 30 and Feb. 8, a government committee said Wednesday.It will be the country's third attempt to send off the space rocket, also known as Naro, after its two earlier attempts in 2009 and 2010 ended in failures."After reviewing technical issues, the Launch Preparation Committee has decided to push for the third launch of Naro between Jan. 30 and Feb. 8 with the final launch date to be decided later, depending on weather
TechnologyJan. 16, 2013
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Japanese salmon bred with ‘surrogate’ fish
Japanese scientists say they‘ve successfully bred a type of salmon indigenous to the country through the use of surrogate parents of a different species.Researchers at the Tokyo University of Marine Science and Technology reported they extracted spermatogonia, or primordial germ cells, from endangered yamame salmon, a Japanese species that lives the entirety of its life in rivers.The germ cells were implanted into sterile rainbow trout hatchlings, where the cells developed into fully functioning
TechnologyJan. 16, 2013
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Transition team seeks tighter scrutiny of conglomerates
The transition team of President-elect Park Geun-hye is considering expanding the rights for government agencies to file complaints with prosecutors against malpractices by conglomerates.The Fair Trade Commission, the country’s antitrust watchdog, has had the exclusive right to do so against corporate violators.But the team is also seeking to disperse this power to the Small and Medium Business Administration, the Board of Audit and Inspection, the Public Procurement Service and the Anti-Corrupt
Jan. 15, 2013
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FTC probes top hotels over wedding business
The Fair Trade Commission is looking into five-star hotel wedding halls’ tie-in sales practices, in which they make the bride and groom pay for flowers and other expenses costing millions of won.The probe began late last year amid complaints that hotels charge exorbitant wedding fees and coerce customers into buying expensive meals, stage decor and flowers.The antitrust watchdog secured data from the 21 five-star hotels in Seoul last week for the first investigation into unfair trade practices b
IndustryJan. 15, 2013
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Household income lagging behind national income
Growing gross national income, has not led to equal growth in household income, according to the Bank of Korea. The effect is particularly strong in economically polarized countries such as Korea that depend on corporate growth to boost the economy.Research released Monday by the BOK reveals that Korea’s average household income is falling in relation to GNI, indicating that the financial situation of ordinary families is falling behind that of the national economy.Between 1995 and 2011, househo
Jan. 15, 2013
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Female execs in public sector remain at only 9%
Korea will soon have a woman president for the first time in modern history. But the glass ceiling is still evident in the nation’s public organizations, despite progress in gender equality in other sectors. The proportion of women executives in government departments and public firms was a mere 9.1 percent, or 272 out of 2,993, according to Alio, a website compiling the management information of the public sector on Tuesday.Also, 51.7 percent of the corresponding organizations had no female mem
BusinessJan. 15, 2013
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[Newsmaker] Safety worries grow for ‘Dreamliner’
The 787 Dreamliner is Boeing’s newest and most sophisticated passenger jet. It is the world’s first passenger jet built mainly from lightweight carbon-plastic materials, while the use of a lithium-ion battery to start the auxiliary power unit is also unprecedented. The innovative technologies cut fuel costs largely by about a fifth. Airline companies worldwide have ordered more than 800 of the jets, which have a price of $207 million. But the 787 has been hit by technical and electric malfunctio
IndustryJan. 15, 2013
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Samsung reaps W2tr from TV sales in 2012
Samsung Electronics Co., the world’s biggest maker of smartphones and computer memory chips, reaped an estimated 2 trillion won ($1.9 billion) operating profit last year by selling TVs, data showed Tuesday. The South Korean TV giant is forecast to have sold 53 million TVs, including 51.3 million flat-panel TVs, in 2012, according to the industry data. The company does not disclose figures of annual TV shipments.If the amount is on track, it accounts for roughly 7 percent of Samsung’s 2012 operat
IndustryJan. 15, 2013
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Shares drop 1.16% on foreign selloff
South Korean stocks retreated 1.16 percent Tuesday, as overseas investors dumped shares to take profits from recent rises, analysts said. The Korean won lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index slid 23.30 points to close at 1,983.74. Trading volume was heavy at 542 million shares worth 4.37 trillion won ($4.14 billion) with decliners far outstripping gainers 535 to 263. “The earnings season kicked off in the U.S., except that there isn’t really anythin
Jan. 15, 2013
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Daewoo microwaves hailed ‘best buy’ in U.K.
Daewoo Electronics’ microwave ovens were selected as a “best buy” item in the U.K. to become the first Korean-made appliance to receive such recognition, the Seoul-based company said on Tuesday. “Which,” a top U.K.-based magazine of a charity focused on product testing and consumer campaigning, designated Daewoo Electronics’ ovens as a “best buy” for its high-quality functions, energy efficiency, user-friendly features and brand credibility. Daewoo said the achievement was particularly significa
IndustryJan. 15, 2013
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LG Uplus unveils measures to support small suppliers
By Cho Ji-hyunLG Uplus announced Tuesday that it will pay cash ― up to 1.2 trillion won per year ($1.13 billion) ― to its partners instead of issuing postdated checks for the partners’ improved liquidity.The mobile carrier also said the shared growth fund will be doubled to 50 billion won from the previous 25 billion won so that its partners could lend money at low interest rates.The announcement came as LG Uplus publicized a set of shared growth measures together with about 10 smaller partnerin
IndustryJan. 15, 2013
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Hyundai unveils new Genesis concept car at Detroit show
Hyundai Motor unveiled the new design concept of its flagship luxury sedan Genesis at the North American International Auto Show held in Detroit on Monday, which reflects the Korean auto giant’s ambitious plan for transformation into a premium brand. Designed on a rear-wheel layout, the concept car called “HCD-14” features a sportier, coupe-style design that still follows the Korean auto giant’s “Fluidic Sculpture” design philosophy. “We’ve departed from industry convention in many of our premiu
IndustryJan. 15, 2013
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Market bets on cigarette price hike
Despite denial from the Finance Ministry, the incoming Park Geun-hye government is expected to raise the prices of cigarettes to fund social welfare programs, analysts said Tuesday.The Ministry of Strategy and Finance denied news reports that policymakers are poised to raise cigarette prices or create a new tax on the products.The official denial came a day after a news provider reported that “the Finance Ministry and the Ministry of Health and Welfare are pushing ahead with a hike in tobacco pr
Jan. 15, 2013
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Park bolsters power of finance minister
The decision to revive the post of deputy prime minister in charge of economy reflects President-elect Park Geun-hye’s determination to bolster the power of finance minister to tide over the current economic difficulties facing the nation.The post of deputy prime minister was scrapped during the Lee Myung-bak administration. The finance minister will concurrently serve as the deputy prime minister under the Park administration.The personnel policy that the finance minister also takes on the post
Jan. 15, 2013