Most Popular
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Criminals who drugged teens' drinks with meth sentenced to up to 18 years
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Rival parties unite to form 4-way body to break med school standoff
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Korea to certify safety of EV battery from October
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Wartime sexual slavery victims file for Japanese govt. asset disclosure
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S. Korea logs current account surplus for 3rd month in July
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Producer Teddy's girl group Meovv debuts, showcasing dual feline charms
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Farewell summit: Yoon, Kishida pledge to keep momentum in revitalizing ties
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Man to pay W727m for opening plane door before landing
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Two Korean women arrested for stealing tourist's bag in Turkey
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Frieze Seoul sees slower sales, yet confirms stronger art scene in Seoul
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Ministry to review FTA documents, translations
The Ministry of Foreign Affairs and Trade will review the entire text of the Korean-language version of the Korea-EU Free Trade Agreement, and correct any errors found before the provisional session of the National Assembly scheduled to begin in April.“Review will take place over the next three weeks from today until the end of March,” Deputy Trade Minister Choi Seok-young said. “A temporary taskf
IndustryMarch 10, 2011
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FTC OKs Hana’s purchase of KEB
The Fair Trade Commission ruled on Thursday Hana Financial Group’s takeover of Korea Exchange Bank does not violate competition rules, bringing the nation’s fourth largest banking group a step closer to winning regulatory approval due next Wednesday.The watchdog notified the Financial Supervisory Commission that the planned purchase does not necessarily reduce competition in the industry as the nu
March 10, 2011
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NPS halts trading with Deutsche Bank Korea
Korea’s biggest investor the National Pension Service said Thursday that it would stop placing stock and derivative orders with the Korean branch of Deutsche Bank AG for six months following the regulator’s six-month suspension of the local unit. The pension fund will not trade through the German brokerage “to limit exposure to institutions that received regulatory penalties, in order to reduce th
March 10, 2011
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SK E&S, Kolon to build steam plant in Gimcheon
SK Energy & Service, a local provider of city gas and electricity, said Thursday it began the construction of a steam power generation plant in Gimcheon, South Gyeongsang Province, together with Kolon Engineering & Construction. The SK E&S and Kolon will jointly invest 250 billion won ($220 million) for the plant which has a capacity to produce 1.5 million tons of steam a year, the firm said. SK
IndustryMarch 10, 2011
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KORES drops bid for Australia coal producer
A consortium led by state-run Korea Resources Corp. has dropped a bid for an Australian coal producer to focus more on other businesses, KORES said Thursday.“Coal is no longer a priority when it comes to our business. We have been concentrating more on developing other minerals such as rare earth metals and lithium lately,” a KORES official told The Korea Herald. The consortium also includes local
IndustryMarch 10, 2011
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Hyundai firms mark founder’s memorial
Hyundai family groups Thursday began 11 days of commemoration for the 10th anniversary of the death of founder Chung Ju-yung.The former Hyundai Group chairman is widely respected for his contribution to Korea’s emergence from a war-torn basket case to an industrial powerhouse. He died from complications brought on by pneumonia on March 21, 2001 at the age of 85 leaving behind a colossal business e
IndustryMarch 10, 2011
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KOTRA to offer consultations to foreign firms
State-run Korea Trade-Investment Agency said Thursday that it will offer visiting consulting services for foreign firms in the country, aiming to boost their investments. “The consulting service is expected to raise the amount of foreign direct investments in the country, as we will visit foreign firms here and try to solve their difficulties from now on,” the trade agency said. The Investment Con
IndustryMarch 10, 2011
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Games industry to benefit from deregulation
But industry officials complain that multiple issues still have to be dealt withAttention is focusing on what impact the revised bill to open up the game market will have on the local gaming industry.The parliamentary legislation committee passed a revised bill on game industry promotions Wednesday, following a two-year delay.According to the revision, games that are designed to be released in an
IndustryMarch 10, 2011
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POSCO chief to head multicultural forum
POSCO chief executive Chung Joon-yang was appointed as the co-chief of the Ministry of Gender Equality and Family’s expert forum on multicultural families, the steelmaker announced Thursday.Chung will head the forum with Chung-Ang University honorary professor Kim Yang-hee. Chung Joon-yangPOSCO said that Chung was selected as the co-chief of the forum, which consists of experts from concerned fiel
IndustryMarch 10, 2011
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Could gene tests reveal future sports stars?
CHICAGO (AP) ― Was your kid born to be an elite athlete? Marketers of genetic tests claim the answer is in mail-order kits costing less than $200.Some customers say the test results help them steer their children to appropriate sports. But skeptical doctors and ethicists say the tests are putting profit before science and have a much greater price tag ― potentially robbing perfectly capable youngs
TechnologyMarch 10, 2011
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Daejeon Ye Dental gains JCI approval
Daejeon Ye Dental Clinic earned accreditation from Joint Commission International in January. This type of accreditation ― a first for a Korean clinic ― is widely used to evaluate the overall facilities as well as the techniques and services of a medical institute according to an international standard. “Earning accreditation from the JCI will be another step toward excellence,” said clinic chief
TechnologyMarch 10, 2011
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Constipation on rise among teens
The number of people suffering from constipation is on a steep rise, the National Health Insurance Corporation said Monday. According to its research on insurance payments between 2002 and 2009, 1.428 million people were treated for constipation in 2009, which is about a 50 percent jump from 2002’s 927,000.Women outnumbered men 800,000 to 630,000 and teenagers showed a significant increase of 7.65
TechnologyMarch 10, 2011
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SNU hospital succeeds in lung transplant
Doctors at Seoul National University Hospital successfully transplanted a lung on a stage-4 lung cancer patient last year for the first time in Korea. According to Prof. Kang Chang-hyun of the cardiothoracic department, a 58-year-old patient was diagnosed with stage-1 lung cancer in 2006 and had her left lower lobe removed. Then in 2007, the disease relapsed, spread to both lungs and the cancer de
TechnologyMarch 10, 2011
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How to encourage healthy computing
For today’s students, life is all about staring at a screen.They spend hours doing homework, playing games, chatting with friends, reading books and just hanging out ― all on computers, smart phones and e-readers or tablets.And doctors say they’re starting to pay the price: in eye strain, neck pain and wrist aches.“Kids have a limited degree of awareness, so they’ll just play and play until they’r
TechnologyMarch 10, 2011
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Think before you use Twitter and Facebook
There are online and offline manuals telling you how to use Twitter and Facebook, but few tell you what not to post there. You can tell every detail of your life to your friends and family in person, but online, being so open can hurt you because it can be read by anyone, according to Forbes and the Huffington Post. This is why many people in South Korea become hesitant to use these services, as t
IndustryMarch 10, 2011
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Samsung, LG fight for 3-D tech supremacy
Samsung emphasizes smarter online features, LG claims brighter, clearer pictureKorea’s electronics powerhouses, Samsung and LG, are embroiled in a bitter war of words trumpeting the superiority of their 3-D TV technologies. The two top TV makers are pinning high hopes on the next-generation moving picture which promises to create lucrative revenue sources.The battle is becoming increasingly intens
IndustryMarch 10, 2011
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BOK raises key rate to 3 pct to tame inflation
South Korea's central bank raised the key interest rate on Thursday by a quarter percentage point in a bid to put a lid on growing inflationary pressure sparked by rising oil and food prices. Bank of Korea (BOK) Gov. Kim Choong-soo and his fellow policymakers hiked the benchmark seven-day repo rate, dubbed the base rate, to 3 percent, following a rate freeze in February. It marked the fourth rat
March 10, 2011
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Ssangyong Motor emerges from court protection
Ssangyong Motor Co., Korea‘s smallest automaker, emerged from bankruptcy protection Wednesday following the sale of its stake to Indian utility vehicle maker Mahindra & Mahindra Ltd., the company said in a regulatory filing.Ssangyong, previously owned by China’s Shanghai Automotive Industry Corp., has been under court protection since February 2009 when its Chinese parent abandoned it in the face
IndustryMarch 9, 2011
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KRX OKs listing of Hana Financial‘s new shares
Korea’s bourse operator on Wednesday gave the green light to Hana Financial Group Inc.‘s request to list its new shares on the local bourse, a move expected to expedite the group’s takeover of the country‘s fifth-largest lender.Hana Financial’s new shares will start trading on Thursday, the Korea Exchange (KRX) said in an e-mailed statement, adding that the decision was reached upon a comprehensiv
March 9, 2011
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[Herald Interview] Korea hopeful of G20 progress on global imbalance
The Group of 20 major economies are likely to come up with different numerical current account targets for each member nation in April to correct global trade imbalances, said Sohn Byung-doo, director general of the newly established G20 bureau at the Finance Ministry.Updating on the G20 agenda, Sohn said the G20 is on its way to delivering optimum trade surplus and deficit targets that cater for
March 9, 2011