Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Korea seeks equity in Mideast
A government-backed private equity fund to invest in overseas plant-building projects, led by South Korean companies, will invite major sovereign funds in the Middle East as investors.The fund, created by the Ministry of Knowledge Economy, selected Macquarie Infrastructure and Real Assets as the fund operator on Thursday and will start courting investors during the first half of next year. “The plant fund, the first of its kind, plans to attract $500 million not only from local investors but als
Dec. 28, 2012
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2012 key stock index rises 9.4%
The KOSPI climbed 0.49 percent on Friday to close at 1,997.05 points on the last trading day of 2012.The Korean won also gained, with the dollar ending at 1,070.6 won, down from 1,072.2 won on the previous day. The won appreciated 7.86 percent to the greenback this year, up from 1,151.8 won per dollar at market close on the last trading day of 2011.Buoyed by advanced economies’ quantitative easing and international agencies’ upgrade of Korea’s credit rating, the won’s appreciation accelerated, p
Dec. 28, 2012
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Korea posts record current account surplus in Nov.
South Korea posted a record current account surplus for November as exports gained ground, the central bank said Friday, giving support to the already-strong local currency to the U.S. dollar.The current account surplus reached $6.88 billion in November, up from a revised $5.78 billion in the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The November surplus marked the 10th straight month of a surplus run, making the accumulativ
Dec. 28, 2012
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Hyundai names foreigner CEO
Peter Schreyer, vice president and chief design officer of Kia Motors, was promoted to president of the automaker, Hyundai Motor Group said Friday.This is the first time that Hyundai Motor Group has appointed a foreigner as president of one of its business units.Schreyer has been hailed as one of the top car designers with his contribution to the K series of Kia Motors. His K series has been praised as having created a signature automobile design for the nation’s second-largest carmaker.Beginnin
IndustryDec. 28, 2012
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Trade Minister Bark runs for WTO director-general
Trade Minister Bark Tae-ho will sign up as a candidate for director-general of the World Trade Organization, the ministry said Friday.“The government has decided that Trade Minister Bark Tae-ho will run for WTO director-general to be elected by late May next year. His candidacy will be registered through the Permanent Mission of the Republic of Korea to the U.N. Secretariat and International Organizations in Geneva,” the ministry said in a statement.Incumbent WTO director-general Pascal Lamy’s t
Dec. 28, 2012
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Diesel models reach 50% of import car sales
Fuel efficient vehicles with a diesel engine are projected to account for the majority of the total sales of 25 import brands this year.Diesel-powered import models are posting 50.8 percent, or about 61,000 units of foreign brands’ collective vehicle sales so far this year, while the ratio stood at 35.2 percent in 2011 and 25.4 percent in 2010.According to the Korea Automobile Importers & Distributors Association, the number of imported diesel car registrations continued to surge ― 36,931 units
IndustryDec. 28, 2012
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Daelim wins $155 order from Philippines
South Korean builder Daelim Industrial Co. said Friday that it has won a $155 million order to build a coal power plant in the Philippines.Under the contract with San Ramon Power Inc. on Thursday, Daelim Industrial will complete the project 35 months after work begins, the local builder said in a regulatory filing.The plant to be built in Mindanao, Philippines’ second-largest and easternmost island, will be able to generate 100 megawatts of electricity, Daelim Industrial said. (Yonhap News)
Dec. 28, 2012
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Winter spa: Restore mind and body for the New Year
Everyone wants to face the New Year fresh of mind and body, but all the shopping and partying around Christmas and the year’s end may have you feeling fatigued. For these tired souls, spa treatments offer a quick, easy solution. Indeed, there are body and facial treatments for virtually all types of conditions ― or complaints. Spa facilities in Seoul provide various programs to help one regain the daily rhythm or relieve muscles stiff from hunching in the cold. A spa treatment also can simply be
TechnologyDec. 28, 2012
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Asparagus may help with a hangover
U.S. food experts remind New Year‘s revelers that researchers found eating asparagus may help guard against a hangover. The Institute of Food Technologists said it published a study in 2009 by researchers at the Institute of Medical Science and Jeju National University in South Korea found the amino acids and minerals found in asparagus extract may alleviate alcohol hangover and protect liver cells against toxins.Lead researcher B.Y. Kim said chronic alcohol use caused oxidative stress on the li
TechnologyDec. 28, 2012
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Ancient 'Megapiranha' had strongest bite
An ancient "Megapiranha" weighing around 20 pounds delivered a bite with a force more fierce than even the toothy Tyrannosaurus rex, a U.S. researcher says.Based on bite strength versus body size as found in modern piranhas, the Megapiranha of 10 million years ago could have had a bite force from 280 to 1,070 pounds -- 30 times its body weight -- and possibly more, University of Washington biology doctoral student Stephanie Crofts said."If our calculations are correct, Megapiranha was probably a
TechnologyDec. 28, 2012
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Holding back emotions may reduce lifespan
German researchers say exercising self-restraint and holding back negative emotions -- what Britons call keeping a "stiff upper lip" -- may reduce lifespan.Researchers Marcus Mund and Kristin Mitte at the University of Jena in Germany said the findings might explain why the generally more emotional Italians and Spanish live almost two years longer than the cool English who "keep calm and carry on," MedicalDaily.com reported.After analyzing more than 6,000 patients, Mund and Mitte found people wh
TechnologyDec. 28, 2012
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Better language skills may reduce anger
Toddlers who have developed language skills are better able to manage frustration and less likely to express anger as they get older, U.S. researchers say.Principal investigator Pamela M. Cole of Pennsylvania State University and colleagues tracked 120 predominantly white children from families above poverty but below middle income from the time they were 18 months to 48 months.Through home and laboratory visits, they measured children‘s language and ability to cope with tasks that might elicit
TechnologyDec. 28, 2012
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Trade minister runs for WTO director-general
Trade Minister Bark Tae-ho will sign up as a candidate for director-general of the World Trade Organization, the ministry said Friday."The government has decided that Trade Minister Bark Tae-ho will run for WTO director-general to be elected by late May next year. His candidacy will be registered through the Permanent Mission of the Republic of Korea to the U.N. Secretariat and International Organizations in Geneva," the ministry said in a statement.Incumbent WTO director-general Pascal Lamy’s
Dec. 28, 2012
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African-designed smartphone, tablet seen
An entrepreneur in the Republic of the Congo is launching what he says is the first African-designed smartphone and tablet.Verone Mankou said his company‘s VMK devices will run the Android operating system and will cost $170 for the smartphone and $300 for the tablet computer, the BBC reported Thursday.“Only Africans can know what Africa needs,” Mankou said at a technical conference in Johannesburg, South Africa.“Apple is huge in the United States, Samsung is huge in Asia and we want VMK to be
TechnologyDec. 28, 2012
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Seoul shares open higher on builders, logistics
South Korean stocks opened slightly higher Friday on gains in logistics and construction heavyweights, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) edged up 1.47 points, or 0.07 percent, to 1988.82 in the first 15 minutes of trading.Logistics shares gathered ground, with Hyundai Glovis increasing 0.68 percent, while CJ Korea Express climbed 1.47 percent. Korean Air, South Korea's top flight carrier, added 0.22 percent.Construction firms also traded higher, with No. 1 bui
Dec. 28, 2012
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S. Korea's industrial output grows 2.9 pct on-year in Nov.
South Korea's industrial output bounced back in November, raising expectations that industrial activities might be picking up, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries gained 2.9 percent last month from a year earlier, turning around from the previous month's 0.8 percent on-year contraction. The output also grew 2.3 percent on-month, marking the third straight month of expansion. The ser
Dec. 28, 2012
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S. Korea posts record current account surplus in Nov.
South Korea posted a record current account surplus for November as exports gained ground, the central bank said Friday, giving support to the already-strong local currency to the U.S. dollar.The current account surplus reached US$6.88 billion in November, up from a revised $5.78 billion in the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.The November surplus marked the 10th straight month of a surplus run, making the acc
Dec. 28, 2012
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Business leaders urge vigilance against uncertainties in 2013
December is the month when the nation’s top conglomerates customarily unveil their management visions for the new year. This year, the companies were given a double burden of preparing for the heightened uncertainties of the global economy, while also preparing for the incoming government of Park Geun-hye. Samsung Group on Thursday held an annual year-end seminar, with some 30 chief executives in attendance, including Choi Gee-sung, the head of corporate strategy office to discuss such plans. Wh
IndustryDec. 27, 2012
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Economic stimulus, battling risks cited as key economic policies
Korea’s macroeconomic policies under the incoming Park Geun-hye administration have yet to be set, but one unchangeable truth is that they will have to be geared to fight the static global economic markets, the government said on Thursday.In its 2013 economic policy outline, the Finance Ministry said the country must remain highly vigilant toward future risks posed by the lukewarm economic conditions of the global economy, while also seeking measures to rejuvenate the local markets.“The U.S. and
Dec. 27, 2012
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Cancer patients reach 1 million, survival rate improves
The number of cancer patients in Korea reached 1 million last year while their survival rates rose from a decade ago, a report showed on Thursday.According to a joint survey by the Ministry of Health and Welfare and the National Cancer Center, Korea had a total of 960,654 patients and survivors ― diagnosed with cancer between 1999 and 2010 ― last year.About 200,000 new cancer cases were found in 2010 alone, up 4 percent from a year earlier, the report add.The statistics showed that both five-yea
TechnologyDec. 27, 2012