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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Medical feud leaves hospitals in financial crisis
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Speaker floats dual citizenship as solution to falling births
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Merck showcases solar materials in Germany
Merck KGaA, a multinational pharmaceutical and chemical group, said Tuesday it is showcasing its newest components of a solar power system at a tradeshow in Germany this week.About 950 companies and organizations from more than 100 countries gathered in Hamburg to catch up on the latest trends and d
Sept. 6, 2011
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Retail giants agree on commission cut
The Fair Trade Commission said Tuesday that major retailers have agreed to lower the commission they charge traders who use their floor space from October.According to the antitrust regulator, FTC chairman Kim Dong-soo and 11 CEOs of department stores, discount chains and home-shopping channels reac
Sept. 6, 2011
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Korea now 7th-largest builder
South Korea took up the seventh position in the global construction market in terms of combined orders won by its builders last year, a trade association said Tuesday.The Korea Federation of Construction Contractors said South Korea’s 11 construction firms clinched a combined market share of 4.8 per
Sept. 6, 2011
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Airlines to hire record number of staff
Korean Air and Asiana Airlines, Korea’s two plan to hire a record number of new employees this year.Korean Air said Monday it will add 330 new crew members to the 1,000 already hired in the first half of the year to smooth operation of new aircraft and routes.Asiana plans to bring in 465 young skill
Sept. 6, 2011
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‘Integration of supply chain key to meat exports’
HORSENS, Denmark ― For struggling local red meat producers in the post-Korea-EU FTA market, the surest way to seek advice was to go to Danish Crown, Europe’s top pork exporter that continues to expand despite one of the world’s highest production costs.At the Danish livestock farmer co-op’s slaughte
Sept. 6, 2011
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‘Samsung moves to adopt new 3-D display technology’
An LG executive said Tuesday that the firm’s rival Samsung Electronics is moving away from the active 3-D display technology and develop its own “passive” technology for its TVs.The executive, who wished to remain unidentified, said that Samsung will adopt the passive 3-D technology although it will
Sept. 6, 2011
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Cutting-edge gadgets highlight at IFA 2011
KT, Sony, Toshiba unveil future-oriented wireless gadgets at world trade showBERLIN ― This year’s IFA was highlighted with new and trendy gadgets ranging from a digital gadget that could inter-connect multiple gadgets to electronic devices that spread the use of 3-D.KT Corp., the country’s top fixed
Sept. 6, 2011
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Small car sales rise to year high on economic worries
Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5 percent of passenger car sales. Small automobiles are d
Sept. 5, 2011
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Hyundai, Intel, C&S to develop mobile entertainment system
Hyundai Motor Co., the largest carmaker in the country, on Monday agreed with Intel Korea and C&S Technology Ltd. to jointly develop infrastructure needed to deliver new channels of entertainment to drivers.The three plan to put together In-Vehicle Infotainment system enabling drivers to access out-
Sept. 5, 2011
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Amore Pacific eyes W500b ‘mega brands’
Amore Pacific Corp. on Monday held a ceremony marking the company’s 66th anniversary, renewing its long-term target to nurture “mega brands” with more than 500 billion won ($468 million) in annual sales. “We have succeeded in having brands whose annual sales exceed 100 billion won. And now is the ti
Sept. 5, 2011
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Seoul sets up coordinator for arms exports
The government on Monday unveiled a new planning body for the country’s growing defense industry to boost exports of military equipment and speed up the regulatory process.South Korea’s defense and economy ministries joined forces to craft the Defense Industry Development Council, which originated f
Sept. 5, 2011
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AhnLab shares sparkle as founder mulls mayoral bid
Shares of AhnLab, the country’s best-known internet security solutions provider, jumped by the daily limit of 15 percent for a second day after its founder Ahn Cheoul-soo said he is mulling a mayoral bid.AhnLab shares soared 14.95 percent from Friday’s close as investors flocked to bet on the likeli
Sept. 5, 2011
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Salt prices increase to 30-year record
Salt prices surged 42.8 percent in August from a year earlier, the highest growth since 1981, government data showed Monday.According to Statistics Korea, salt prices have increased for eight consecutive months this year. In August the prices jumped 13.6 percent from July. Fears over the potential r
Sept. 5, 2011
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Shinsegae to build mammoth shopping mall
Shinsegae Group said Monday it will build a multiplex shopping mall in Hanam, Gyeonggi Province, by 2015 in a partnership with a U.S.-based developer Taubman Centers. Located at a 117,000-square-meter site in Hanam, one of Seoul’s satellite cities, Hanam Union Square will be the largest shopping mal
Sept. 5, 2011
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Eyes turn to ‘passive’ 3-D display technology
Easier, cheaper 3-D glasses to attract greater number of consumersBERLIN ― The launch of 3-D televisions is nothing new to the industry. In fact, the products dominated last year’s global electronics trade show IFA.The industry, however, is eying the future development of passive 3-D technology, als
Sept. 5, 2011
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Gender inequality remains prevalent in Korean workplaces
Women’s standing in Korean society has seen significant improvement over the decades, but inequality remains in the workplace.According to a report by the Organization for Economic Cooperation and Development, while Korea ranks third among member countries in terms of the proportion of women with un
Sept. 4, 2011
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Taiwanese giving thanks with Korean ginseng
This is the third installment of a series that spotlights Korean products enjoyed by people overseas. ― Ed. Cheng Sheng I, a Taiwanese dealer for Cheong Kwan Jang, the Korean red ginseng brand name solely owned by Korea Ginseng Corp., is currently busy dealing with soaring orders from stores nationw
Sept. 4, 2011
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LG targets 20 percent of global 3-D TV sales
BERLIN ― An executive of LG Electronics said Sunday that it aims to take 20 percent of global 3-D TV sales by the end of this year.In a press conference with the Korean media on the sidelines of the global trade show IFA 2011, Kwon Hee-won, the company’s TV chief, said it was aiming for more than 20
Sept. 4, 2011
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Six drug makers fined W11b for illegal rebates
The Fair Trade Commission said Sunday that it has fined five multinational drugmakers and one local firm a total of 11 billion won ($10 million) for illegal rebate activities. The financial and non-financial benefits given in return for prescriptions and drug orders between August 2006 and March 200
Sept. 4, 2011
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Hyundai tops profit ranks in H1
Hyundai Motor Group’s first half net profit overtook that of Samsung Group for the first time, aided by rising automobile sales and difficulties faced by Japanese carmakers, data showed Sunday.According to the Korea Exchange and the Korea Listed Companies Association, the combined net profit of Hyun
Sept. 4, 2011