Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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Samsung mocks Apple over iPhone alarm glitch
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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Speaker floats dual citizenship as solution to falling births
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‘Apollo’ eye infection spreads fast
The highly contagious “Apollo” eye infection is rapidly spreading across the country as people are more exposed to viruses indoors during the winter, health authorities warned on Thursday.The number of patients with acute hemorrhagic conjunctivitis surged nearly 65 percent in the third week of December last year from the average number of patients reported during the four weeks before that, Korea Centers for Disease Control and Prevention said. The number of patients is also higher than the same
TechnologyJan. 10, 2013
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A low-salt diet
A low-sodium diet is one with a limited amount of salt taken in with food. The sodium component in salt is a risk factor for high blood pressure, edema, kidney diseases and cardiac disease, as sodium is a mineral that draws in and retains moisture, affecting the balance of body fluids. In this case, reducing the intake of salt helps to control blood pressure, ease edema, and reduce stress on the heart.How to follow a low-salt diet 1. Things to be aware of when choosing food: On a preferential ba
TechnologyJan. 10, 2013
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Ministries to brief Park on new policies
Economic-related ministries and agencies are preparing for their policy briefings to President-elect Park Geun-hye, starting with the Small and Medium Business Administration on Friday.Next in line will be the National Tax Service, which is expected to brief and make suggestions on taming and regulating the underground economy, or the black market.It has been conventional for the Ministry of Strategy of Finance to brief the team before the NTS.Political analysts observed that the tax agency has
Jan. 10, 2013
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Korea wary of credit status of U.S., U.K., Japan
Korea could face further economic woes this year resulting from the downgrading of major countries’ credit standings, a financial research institute warned Thursday.The Korea Center for International Finance predicted in its report that the United States, the United Kingdom and Japan may see their sovereign ratings downgraded this year.It cited three major rating firms’ assessments of the countries. The firms ― Moody’s Investors Service, Standard & Poor’s and Fitch Ratings ― gave negative credit
Jan. 10, 2013
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Business community united against electricity price hike
The nation’s 14 leading business associations, including the Korea Chamber of Commerce and Industry and the Korean Iron and Steel Industry Association, issued a joint statement on Thursday against a sudden increase of industrial electricity prices, and sent it to key governmental agencies and the presidential transition committee.In the statement, they said the recent hike of the industrial electricity price by the Ministry of Knowledge Economy is stringent and the measure could hamper competiti
Jan. 10, 2013
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Korea stages drill for power shortage
South Korea staged a rare nationwide emergency drill for a possible power shortage Thursday as unusual cold spells are threatening to deplete its electricity reserves.The drill was held from 10 a.m. for 20 minutes with power supplies cut off to eight government complexes throughout the country temporarily. It was in part intended to test the country’s response measures in case of a power shortage, but also to encourage people to cut electricity use during peak hours.The Korea Power Exchange, the
Jan. 10, 2013
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Daelim Industrial wins $295m order from Saudi Arabia
South Korean builder Daelim Industrial Co. said Thursday it has won a $295 million order to build a large petrochemical plant in Saudi Arabia.Under the deal with Saudi Butanol Co., Daelim Industrial will build the plant at the Al Jubail industrial complex on the Persian Gulf coast to produce 350,000 tons of butanol per year and 28,400 cubic meters of synthesis gas per hour, said the company.Saudi Butanol is a joint venture established by big name companies in the Middle East country, including s
Jan. 10, 2013
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Samsung Heavy targets $14.2b in orders in 2013
Samsung Heavy Industries Co., a South Korean shipbuilder, said Thursday that it aims to clinch orders worth $14.2 billion this year.In a regulatory filing, the shipbuilder also said it aims to log 14.9 trillion won in sales this year. Samsung Heavy did not release comparable figures for last year.Samsung Heavy is believed to have received orders valued at $9.6 billion last year, falling short of its yearly target of $12.5 billion, as demand for new ships dropped amid the protracted economic slum
Jan. 10, 2013
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Hanwha’s city development project in Bismayah will proceed: Iraqi official
Despite the absence of a chairman at Hanwha Group, its landmark housing construction project in Iraq will proceed according to plan, said Sami R. Al-Araji, chairman of the Middle Eastern state’s National Investment Commission.“Though we are sorry for the management vacuum, we believed that Hanwha and the Korean government had the full commitment to the reconstruction business in Iraq,” Al-Araji told reporters Thursday.Last August, group chairman Kim Seung-youn was handed a four-year jail term an
IndustryJan. 10, 2013
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Household loan growth hits 6-year high
South Korean banks’ household loans grew at the fastest pace in six years in December as more people took out mortgage loans ahead of the end of the government’s temporary housing tax benefits, the central bank said Thursday.Local banks’ household loans, including home-backed and credit loans, amounted to 466.5 trillion won ($439.4 billion) as of end-December, up 4.9 trillion won from the previous month, according to the Bank of Korea.The December data compared with a 1.1 trillion won gain talli
Jan. 10, 2013
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CES 2013 heralds record success: chief
LAS VEGAS ― With a record-breaking 3,264 exhibitors, the annual Consumer Electronics Show here has grown to the extent that it can’t expand in 2014, according to a chief organizer. Gary Shapiro, president of Consumer Electronics Association, told reporters on the sidelines of the electronics trade show that the organizer is having difficulty finding space until 2015 due to rising participation.With Microsoft exempting itself from the list of exhibitors this year, Qualcomm has taken up the big p
IndustryJan. 10, 2013
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Banks expand overseas, credit card firms to follow
Credit card issuers are grappling to find a new growth engine in a saturated local financial market by mapping out projects to make inroads into foreign countries.Their movement, however, faces deadlock amid protectionist stances in China and some Southeast Asian countries, officials in the non-banking industry said Thursday.A Lotte Card official stressed that the credit card business is one of the hardest sectors to expand overseas.“Major card firms with excellent products and services have fai
Jan. 10, 2013
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Samsung targets 55 million in TV sales this year
LAS VEGAS ― Samsung Electronics said Thursday that it has set its TV sales goal at 55 million units for this year, as it strives to find a new business model in an industry that has been slowing down for years.Yoon Boo-keun, president of consumer electronics at Samsung, said the firm hopes to sell more TVs than the 51.3 million it sold last year.He also said that Samsung, the world’s top TV maker, did not see any competition in the industry, but it believes new competition will rise in other ind
TechnologyJan. 10, 2013
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Seoul shares gain 0.75 pct on China‘s trade data
South Korean stocks closed 0.75 percent higher Thursday as upbeat Chinese trade data offset uncertainties over bleak quarterly corporate earnings, analysts said. The local currency strengthened against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 14.99 points to finish at 2,006.80. Trading volume was moderate at 494.5 million shares worth 4.47 trillion won (US$4.21billion) with gainers outnumbering decliners 470 to 307. “China‘s trade data gave investors a se
Jan. 10, 2013
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Father hires virtual hitman to ‘kill’ son’s online avatar
A Chinese father hired professional gamers to kill his son’s online avatar, according to Chinese newspaper the Sanqing Daily. The father, surnamed Feng, believed that if his 23-year-old son was killed every time he played, he would get bored of playing and start putting more effort into getting a job. But his plan failed as son Xiao Feng asked the attackers why they were out to get him, only to hear that his father had hired them to do so. “I can play or I can not play, it doesn’t bother me. I’m
TechnologyJan. 10, 2013
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‘Standing up helps lose weight’
For busy office workers, standing while working can help you burn extra calories, U.K. physiotherapist said.A person can burn off about 3.6 kilograms of fat each year -- or 144 calories a day -- by standing on one’s feet for three extra hours a day, according to exercise scientist John Buckley from the University of Chester.Buckley, from the department of clinical science and nutrition, said a person’s metabolic rate “crashes to an absolute minimum” when he or she is sitting down. “It isn’t natu
TechnologyJan. 10, 2013
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High-tech fork can help with dieting
A high-tech fork its developers say can help people diet was introduced at the Consumer Electronics show in Las Vegas.The HapiFork that pairs itself to a smartphone using Bluetooth will vibrate if the user is eating too fast, developers HapiLabs said.The fork contains a capacitive sensor that determines how long it has been since the user has taken the last bite, and will gently vibrate to tell the user they are eating too fast.Though there is no set or recommended time between bites in most die
TechnologyJan. 10, 2013
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Space telescope snaps asteroid photos
A European spacecraft has captured images of an asteroid heading for a close fly-by of Earth that shows it's bigger than previously thought, astronomers say.The European Space Agency's Herschel space telescope took the photographs of the asteroid Apophis, dubbed the "doomsday asteroid" by the media when initial observations in 2004 yielded a 2.7 percent chance of it striking the Earth in 2029.Subsequent analysis has ruled out a collision, though the asteroid will pass within 22,000 miles of Eart
TechnologyJan. 10, 2013
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Top 10 conglomerates dominate earnings of all listed S. Korean firms
Net profits of South Korea's top 10 business groups took up nearly 80 percent of those of all 1,345 listed South Korean companies, data showed Thursday, in the latest sign of economic domination by family-owned conglomerates.The combined net profit of 80 listed companies affiliated with chaebol reached 36.9 trillion won ($34 billion) in the first nine months of last year, accounting for 78.1 percent of total net profits, according to FnGuide Inc., an online financial information provider, and Ch
IndustryJan. 10, 2013
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Korea's import prices dip most in over 3 years in December
South Korea's import prices declined by the most in more than three years in December on a fall in global oil prices and a strong local currency, the central bank said Thursday. In local currency terms, the country's import prices dropped 8.8 percent last month from a year earlier, compared with a 7.6 percent on-year fall in November, according to the Bank of Korea (BOK). The figure declined for all of the second half of last year, except in August, as the Korean won's appreciation against the U
Jan. 10, 2013