Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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KNOC to spend $4 billion on overseas oil assets
Korea National Oil Corp., a state-run energy resources developer, plans to invest as much as $4 billion in overseas oilfields this year as it aims to increase crude production by 33 percent.“We’re interested in assets in Africa, Europe, Asia, the U.S. and Canada,” Kim Seong Hoon, senior executive vice president, said in an interview. “We plan to raise daily output by 60,000 barrels to 240,000 barr
Feb. 10, 2011
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LG Electronics accused of breaching Sony TV patents
LG Electronics Inc. was accused in two lawsuits by Sony Corp. of infringing eight patents for technology used in liquid-crystal display televisions and monitors.Sony filed two new complaints, each listing four patents, yesterday in federal court in Los Angeles. The Tokyo-based electronics maker said LG’s 32LD350 LCD television and E2360V LCD monitor are among the products that infringe its technol
Feb. 10, 2011
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Home appliances getting darker
Black, colored appliances in vogue as customers get style-consciousKim Hye-in, a soon-to-be bride, still faces a myriad of decisions as she prepares for her upcoming wedding, but she is quite firm on one point: no white or pastel appliances. “That’s why I chose black as my color scheme for the appliances I will be buying for our place,” said Kim, who was browsing Hi-Mart, a local electronics retai
Feb. 10, 2011
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Extraordinary eurozone summit in March
BRUSSELS (AFP) ― Leaders of the 17-nation eurozone are to hold a special summit in mid-March to draft a plan of action to avoid a replay of the debt crises that shook the single currency last year.The 17 heads of state and government will meet in “mid-March,” the president of the European Union, Herman Van Rompuy, said in a speech to the European parliament.Earlier a source close to the talks told AFP that the eurozone summit had been agreed for Sunday, March 13. But a major member state later i
Feb. 9, 2011
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Samsung may supply ...display panels for iPad 2
Samsung Mobile Display is reportedly poised to supply liquid-crystal display panels for the next version of Apple’s iPad, industry sources said on Wednesday.According to sources, the company, established in January 2009, is in the final stage of talks on supplying its latest LCD panels for Apple’s iPad 2, which is expected to be released later this year.In response to such reports, a spokesman at
Feb. 9, 2011
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GM Daewoo unveils first Chevy model
GM Daewoo Auto and Technology Co. unveiled the Orlando multipurpose vehicle Wednesday. The vehicle will go on sale here on March 2.Out of the eight new models the automaker plans to launch in the local market this year, the Orlando will be the first model produced by GM Daewoo to be sold under the Chevrolet brand in Korea. In January, the company announced plans to change its name to GM Korea Co.
Feb. 9, 2011
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Hyundai Motor seeks cooperation from group steel unit for fuel-economy goal
Hyundai Motor Co., drawing on ties to Hyundai Steel Co., plans to more than double the proportion of high-strength steel used in its vehicles by 2015 as the carmaker seeks higher fuel efficiency and lower weight across its lineup. By using advanced forms of the metal that match or exceed other Korean and Japanese steelmakers’ alloys in cost and performance, Hyundai Motor will raise the ratio of hi
Feb. 9, 2011
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Manpower: World is entering ‘Human Age’
Manpower Inc., U.S.-based employment agency, said on Jan. 27 at the World Economic Forum in Davos, Switzerland, that the world had entered a new era: The Human Age. The concept was introduced by Manpower CEO Jeffrey Joerres in his presentation “Entering the Human Age –- unleashing and leveraging human potential in the new reality” at the forum. Manpower says this new age has significant implicatio
Feb. 9, 2011
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New iPhone app helps with confession
(MCT)WASHINGTON, (AFP) - A new "Confession" application for Apple's iPhone, iPad and iPod Touch has received the blessing of a Catholic bishop."Confession: A Roman Catholic App," is the first program for the Apple devices created by a South Bend, Indiana-based company called "Little iApps."Its developer, Patrick Leinen, said the app was designed to be used in the confessional and was intended "for
Feb. 9, 2011
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IT exports post strong gain in Jan.
Korea’s exports of IT-related products jumped 16.3 percent in January from a year earlier on strong global demand for semiconductors, displays and mobile phones, the government said Tuesday.The country shipped $12.83 billion worth of IT products abroad, marking the 15th month in a row that exports grew at a double-digit rate, the Ministry of Knowledge Economy said in a monthly report.Exports of se
Feb. 8, 2011
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Toyota to recall Lexus for fuel pipes
Toyota Motor Corp., a Japanese carmaking giant, will recall 2,459 vehicles sold in Korea due to manufacturing defects that could lead to oil leakage, Seoul’s transportation ministry said Tuesday.Subject to the recall are the Lexus IS250 model produced and sold between Sept. 3, 2007 and Dec. 3, 2008, according to the Ministry of Land, Transport and Maritime Affairs. The luxury passenger cars were f
Feb. 8, 2011
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International ferry users hit record high
The number of passengers using international ferry services in and out of Korea rose to a record high last year, bolstered by rebounding economic conditions, the government said Tuesday.International ferry passengers totaled 2.77 million last year, up 32.6 percent from a year earlier, according to the Ministry of Land, Transport and Maritime Affairs. The figure was the highest ever, exceeding the
Feb. 8, 2011
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Android tops iPhone in U.S.
WASHINGTON (AFP) ― Google’s Android surged past Apple’s iPhone last quarter and is closing in on the Blackberry as the most popular smartphone platform in the United States, market tracking firm comScore said Monday.According to comScore, 63.2 million Americans owned smartphones at the end of December, up 60 percent from a year earlier. An Apple Inc. iPhone 4 (front) and a Sony Ericsson Xperia X10
Feb. 8, 2011
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Ballmer is cleaning up house
MS CEO reportedly planning management reshuffle for tech expertiseMicrosoft Corp. Chief Executive Officer Steve Ballmer plans to extend a management reshuffling aimed at adding senior product executives with an engineering background, two people with knowledge of the decision said.Changes may be announced this month, said one of the people, who declined to be named because the plans are private. L
Feb. 8, 2011
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Businesses oppose early adoption of carbon trading
Korea’s major economic organizations called on the government Monday to significantly postpone its plan to introduce a carbon emissions trading system in 2012, saying it could hurt the country’s industrial competitiveness.The five economic organizations, including the Federation of Korean Industries, the largest industry lobby in the country, urged the government to delay the move at least until 2
Feb. 7, 2011
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Korean venture to buy U.S. hallyu site operator
Korea’s video search technology provider, Enswers Inc., said Monday that it has agreed to acquire a Silicon Valley-based online company, Soompi Media LLC, to create a U.S.-based Web portal for Korean pop culture and news.Under the agreement, Enswers will introduce this month a revamped service of Soompi.com powered by its own video search technology in a bid to bring Korean dramas, music, movies a
Feb. 7, 2011
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Kia Motors posts record monthly sales in China
HONG KONG (Yonhap News) ― Kia Motors Corp., Korea’s second-largest automaker, posted record-high monthly sales in China last month, backed by strong demand for its sport utility vehicle, company officials said on Sunday.In January, Kia Motors sold 38,858 units of vehicles in the world’s most populous country, up 22.7 percent from a month earlier and also 13.7 percent from the same period last year
Feb. 7, 2011
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LGD eyes Poland joint venture
LG Display Co., the world’s second-largest maker of liquid-crystal displays, said it’s in talks with TPV Technology Ltd. to form a venture in Poland to manufacture LCD modules and televisions.The venture will help reduce production costs by making TV parts and sets in one factory, Claire Ohm, a Seoul-based spokeswoman for LG Display, said in a telephone interview Monday. LG has similar operations
Feb. 7, 2011
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BAT Korea launches Kent Boost
British American Tobacco Korea said Monday it has launched Kent Boost, which offers two levels of menthol in one cigarette.The product is first of this kind in the country, according to the tobacco producer. It gives consumers an extra burst of menthol when they press the capsule in the filter, the firm said. “Kent is the second-largest premium brand globally (outside of U.S. and China) sold in ov
Feb. 7, 2011
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Entry barriers hurt Korean beer industry
Brewers say trade barriers must go to add color to Korean beer marketThink Korean beer. Now think of a Korean beer that’s not Hite or OB.That blank right there shows the space smaller breweries have been trying to fill in a market where the share between the big two is split nearly fifty-fifty. Many beer lovers crave diversity, finding local products “watery” and of lower quality when compared to
Feb. 7, 2011