Most Popular
-
1
Criminals who drugged teens' drinks with meth sentenced to up to 18 years
-
2
Rival parties unite to form 4-way body to break med school standoff
-
3
Korea to certify safety of EV battery from October
-
4
Wartime sexual slavery victims file for Japanese govt. asset disclosure
-
5
S. Korea logs current account surplus for 3rd month in July
-
6
Producer Teddy's girl group Meovv debuts, showcasing dual feline charms
-
7
Farewell summit: Yoon, Kishida pledge to keep momentum in revitalizing ties
-
8
Man to pay W727m for opening plane door before landing
-
9
Two Korean women arrested for stealing tourist's bag in Turkey
-
10
Frieze Seoul sees slower sales, yet confirms stronger art scene in Seoul
-
South Korea to bolster support for exports of nuclear plants
South Korea plans to bolster the country’s financing capabilities, aiming to back its firms with more plant-building projects overseas, the government said Wednesday. The government said it is planning to launch a task force led by the Ministry of Strategy & Finance, in collaboration with the Ministry of Knowledge Economy and financial institutions such as Financial Services Commission, Ex-Im Bank
IndustryMarch 9, 2011
-
Women get executive positions in technology firms
In the early days of her 30-year career, Lee Young-hui, executive vice president for Korea’s telecom titan KT Corp., said that she had to challenge the norm and work hard to earn even things taken for granted by her male colleagues. “I didn’t imagine promotion was possible for women,” Lee told Yonhap News Agency in a recent interview in her office south of Seoul. “Back then, women were not even el
IndustryMarch 9, 2011
-
Starbucks’ new word-free logo debuts
SEATTLE (AP) ― Starbucks customers saw something new Tuesday when they sipped their coffee.The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future.The Associated Press first reported in January that Starbucks was updating its logo and would introduce it this mont
IndustryMarch 9, 2011
-
Regulator to tighten savings bank rules
Korea plans to tighten supervision of savings banks after the government was forced to suspend eight lenders this year because they were unable to meet depositors’ withdrawal demands. The Financial Services Commission will stop setting favorable lending limits for savings banks that have a capital-adequacy ratio of more than 8 percent and a bad-loan ratio below 8 percent, the regulator said in a r
March 9, 2011
-
Asiana to open new Incheon-Istanbul route
Asiana Airlines, the country’s No. 2 air carrier, said Wednesday that it began accepting reservations for its new route Istanbul-Incheon which will operate from March 29.The carrier will offer the flight three times a week ― every Tuesday, Thursday and Saturday ― to the Turkish city and each plane will be able to accommodate 299 people.The flights that will fly from Incheon every Tuesday and Satur
IndustryMarch 9, 2011
-
SKT’s iPhone reservations begin
SK Telecom said Wednesday that about 28,000 people had signed up for its to-be-released Apple iPhone 4 in the first seven hours of registration.A total of 28,000 people made their registrations by 2 p.m. and the number was expected to increase to up to 100,000 people by the end of the day, according to company officials.The country’s leading mobile carrier also said that the first group of 10,000
IndustryMarch 9, 2011
-
KEPCO to spend $1.8b on smart grid by 2015
Korea Electric Power Corp., Korea’s biggest electricity producer, plans to invest 2 trillion won ($1.8 billion) over the next five years in a smart grid as part of the government’s efforts to reduce carbon emissions. Adding two-way communications and other enhancements to the nation’s current power-transmission grid nationwide by 2030 may cut about 10 percent of Korea’s annual power consumption, w
IndustryMarch 9, 2011
-
Banks’ capital adequacy slips on Hana dividend
Korean lenders’ average capital adequacy ratio fell in the fourth quarter after Hana Bank helped finance its parent company’s purchase of Korea Exchange Bank. The ratio, a measure of capital reserves against assets at risk under the Basel II standard, slipped to 14.6 percent at the end of December from 14.62 percent three months earlier, the Financial Supervisory Service said in a statement. The a
March 9, 2011
-
Busan Jinhae gets $30m German investment
Germany-based industrial pump maker Wilo SE will invest $30 million in the Busan Jinhae Free Economic Zone, the BJFEZ Authority announced Wednesday.A memorandum of understanding for the investment was plan was signed by BJFEZ Authority commissioner Ha Myeng-keun and the German firm’s chief operating officer Holger Krasmann at Busan City Hall on Tuesday. Under the agreement, Wilo SE’s Korean arm Wi
IndustryMarch 9, 2011
-
Central bank to focus on inflation
BOK officials point to drop in money supply growth to more than 5-year low in JanuaryThe Bank of Korea said Wednesday it would focus interest rate policy on firmly securing price stability as Asia’s fourth-largest economy will face upward inflation pressures on both the demand and supply fronts.The Korean central bank also said in a policy report to parliament that it would continue its effort to
March 9, 2011
-
KB Financial focuses on customer value
Group provides more financial services, upholds transparency in governanceKB Financial Group is stepping up efforts to improve financial services and maximize customer satisfaction to better meet a fast changing business environment. The group was established in September 2008 under a long term growth plan and an extensive stock transfer from major subsidiaries.Its units include Kookmin Bank, KB K
March 9, 2011
-
Japan machinery orders increase 4.2 percent
Japan’s machinery orders rose more than economists expected in January, signaling that companies will boost spending as economic recoveries abroad strengthen. Factory orders increased 4.2 percent from December, when they rose 1.7 percent, the Cabinet Office said Wednesday in Tokyo. Orders, an indicator of capital spending in three to six months, were projected to climb 3 percent, according to the
IndustryMarch 9, 2011
-
Cathay Pacific triples annual profit
Cathay Pacific Airways Ltd. almost tripled annual profit after an increase in passenger numbers and a surge in cargo volumes that made it the world’s largest international air-freight carrier. Net income jumped to HK$14 billion ($1.8 billion) from HK$4.7 billion a year earlier, the Hong Kong-based carrier said in a statement to the city’s stock exchange Wednesday. The airline also said it had agre
IndustryMarch 9, 2011
-
Roubini sees double dip if oil hits $140
Nouriel Roubini, the economist who predicted the global financial crisis, said an increase in oil prices to $140 a barrel will cause some advanced economies to slide back into recession. Underlying how fragile the global economic recovery is, Roubini said the European Central Bank may be making a mistake by raising interest rates “too soon” when debt-ridden countries on the euro region’s periphery
IndustryMarch 9, 2011
-
Finance minister sees inflation as economic drag
Growing inflationary pressure is adding uncertainties to South Korea's economic recovery, the nation's top economic policymaker said Wednesday, calling for the government to crank up efforts to keep prices under control. "Inflation partly stems from supply-side shocks, such as higheroil prices and supply shortages of agricultural products caused byunseasonal cold spells and the foot-and-mouth di
March 9, 2011
-
Seoul shares open higher on Wall Street rallies
South Korean stocks started higher on Wednesday as overnight gains on Wall Street lifted investor sentiment, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 0.28 percent, or 5.56 points, to 2,001.88 in the first 15 minutes of trading. A retreat in oil prices bolstered U.S. stocks on Tuesday. The Dow Jones industrial average rallied 1.03 percent and the tech-foc
March 9, 2011
-
Banks' capital adequacy ratio inches down in Q4
The capital adequacy ratio of South Korean banks edged down in the fourth quarter of 2010 from three months earlier due to their payouts of year-end stock dividends, the financial regulator said Wednesday. The average capital adequacy ratio of 18 local lenders, including top lender Kookmin Bank and Woori Bank, reached 14.6 percent as of the end of December, down 0.02 percentage point from end-Se
March 9, 2011
-
What can we do for misaligned eyes?
Strabismus is a visual defect in which the eyes are misaligned and point in different directions. One eye may look straight ahead, while the other eye turns inward, outward, upward or downward. You may always notice the misalignment, or it may come and go. The turned eye may straighten at times and the straight eye may turn.Strabismus is one of the most common pediatric eye problems ― approximatel
TechnologyMarch 9, 2011
-
Foreign Ministry under fire for FTA translation errors
The Ministry of Foreign Affairs and Trade came under fire for mistranslation of the free trade agreement with the European Union which was signed on Oct. 6, 2010.On Monday the ministry announced that it has agreed with the EU to correct yet more errors found in the Korean version of the agreement, less than two weeks after other mistakes were corrected.On Feb. 25, the ministry announced that mista
IndustryMarch 8, 2011
-
Lee urges Samsung to ensure products are competitive
Lee Kun-hee, chairman of Samsung Electronics Co., said Tuesday that the electronics giant should produce more competitive products in order to dominate the global markets. Samsung Electronics is the world’s top maker of computer memory chips, liquid-crystal display panels and flat-screen TVs. It is also the runner-up in the semiconductor market after Intel Corp. and is the No. 2 mobile brand after
IndustryMarch 8, 2011