Most Popular
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Yoon's approval rating plunges to all-time low
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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S. Korea votes in favor of Palestinian bid for UN membership
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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Samsung Heavy develops system to fend off pirates
Samsung Heavy Industries announced Sunday that it has developed a high-tech anti-pirate system providing enhanced security for ships sailing through danger zones.The system includes remotely controlled water cannons, night vision and an advanced radar system.The shipbuilder said the system will be fitted as standard equipment in all ships built at its yard in Geoje, South Gyeongsang Province.The n
Jan. 23, 2011
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Korean iPhone users hit 2m
Apple has something to celebrate despite its CEO Steve Jobs’ medical leave. The number of iPhone users in South Korea reached 2 million and Apple pulled off more than 10 billion app downloads at its App Store worldwide. KT, the sole service provider for Apple’s iPhone and iPad, said it has signed up 2 million iPhone users in a little more than a year after its debut, marking a fresh milestone for
Jan. 23, 2011
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Kia’s global share hits record
Kia Motors Corp. saw its global market share come to 2.9 percent, the highest ever for the company, in 2010, industry data showed Sunday.According to the carmaker, it sold about 2.09 million units ― about 485,000 units domestically and 1.605 million units overseas ― in 2010. Comparing the figure to the world market volume of 71.35 million units calculated by J.D. Power and Associates, Kia’s global
Jan. 23, 2011
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SKT to launch Bada phone
SK Telecom, the country’s leading mobile carrier, is expected to launch Samsung Electronics’ Wave 2, which runs on Samsung’s proprietary mobile operating system, in Korea as early as this week.Wave 2 will be the first model introduced in the local market that runs on Samsung’s mobile operating platform Bada, developed more than a year ago.“The telecom will make the last call for the launch date, h
Jan. 23, 2011
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Lotte files suit aimed at Shilla shop
Legal battle begins over operation of Louis Vuitton shop at Incheon AirportLotte Duty Free has filed a lawsuit against Incheon International Airport for allowing Shilla Duty Free to open a Louis Vuitton store at the nation’s largest international airport.Lotte said on Thursday that it filed an injunction against the airport because it gave improper favors to Shilla. Lotte Duty Free’s argument was
Jan. 23, 2011
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Apple's iPhone users reach 2 mln in S. Korea
The number of Apple Inc.'s iPhone users has surpassed 2 million in South Korea in a little more than one year of its local debut, its distributor said Sunday. Two million iPhones were activated in South Korea as of Jan.20, including 1.03 million units of the iPhone 4, the latest version of the hot-selling device, and 977,000 units of the iPhone 3GS, KT Corp. said in a statement. KT, South Korea's
Jan. 23, 2011
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GM Daewoo begins production of new MPV Orlando
GM Daewoo Auto & Technology, the South Korean unit of U.S. automaker General Motors Co., said Friday it began producing its new compact multi-purpose vehicle (MPV), the Chevrolet Orlando. The vehicle will be produced at the GM Daewoo plant in Gunsan, 270 kilometers southwest of Seoul. The Orlando is scheduled to be launched here next month as the first of seven Chevrolet vehicles set to be intro
Jan. 21, 2011
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Man arrested for extorting money from Samsung Electronics
Samsung Electonics 3D booth at CES in 2011. (Bloomberg)A Seoul man has been arrested on charges of extorting a large sum from Samsung Electronics after intentionally destroying a Samsung cellphone last year, police said Thursday.The 29-year-old man, identified only as Lee, is accused of distorting a compensation of 5 million won (US$4,500) from Samsung Electronics after intentionally destroying hi
Jan. 21, 2011
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Daewoo cars history as GM Korea switches to Chevrolet
The Korean unit of General Motors plans to remove the badge of “Daewoo” from its company name and new domestic releases as it seeks to improve image and boost sales. GM Daewoo Auto and Technology Co. announced Thursday it will change its name to GM Korea Company and replace the GM Daewoo brand with the Chevrolet brand.“The actions we are about to take will take the company to a stronger, sustainab
Jan. 20, 2011
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Facebook agrees to improve data protection for Koreans
The state media regulator Korea Communications Commission said Thursday that the U.S.-based social networking site Facebook agreed to improve its individual information protection measures for Korean users.The KCC said that Facebook stated that it will devise separate measures which follow the country’s information and telecommunications law by the end of March.The event takes place after the stat
Jan. 20, 2011
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KT targets W20.5tr in sales
Carrier to invest 3 trillion won to boost service quality, global presenceKT Corp. said Thursday it plans to record 20.5 trillion won ($18 billion) in sales and spend 3 trillion won in investments this year to boost its service quality and step up its presence in global markets.KT, the exclusively provider of Apple’s iPhone in Korea, also said that it aims to reach 30 trillion won in sales by 2015
Jan. 20, 2011
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Antitrust regulator probes refineries
Move prompted by Lee’s comments on oil pricesThe antitrust regulator is investigating four major oil refiners for possible price rigging and cartel activities, sources said Thursday.The probe comes amid growing government pressure on them over surging fuel prices. The Fair Trade Commission this week conducted on-site investigations of GS Caltex, S-Oil, Hyundai Oil Bank and SK Energy to see if ther
Jan. 20, 2011
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Korea‘s technology level 5.4 years behind U.S.'
Korea’s technology level in 95 key areas is 5.4 years behind that of the United States, a government report showed Thursday.The report by the Ministry of Education, Science and Technology showed the country‘s technological prowess standing at 60.2 percent of so-called ultimate technology, or the highest possible technological level that can be reached at present with 100 percent being the highest
Jan. 20, 2011
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Mobile payments coming to Starbucks
WASHINGTON (AFP) ― U.S. coffee chain Starbucks on Wednesday began allowing customers in its U.S. stores to keep their cash and credit cards in their wallets and pay for their drinks with mobile phones.Starbucks said the mobile payment system, which has been tested in selected cities since last year, was being expanded to the nearly 6,800 Starbucks around the country and the more than 1,000 Starbuc
Jan. 20, 2011
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Hyundai, Kia make early payments to suppliers
Hyundai Motor Co. and Kia Motors Corp. announced Thursday that about 850 billion won ($760 million) owed to suppliers will be paid ahead of the due dates.The carmakers said that the payments will be made starting Jan. 26 to ease suppliers’ cash flow ahead of Seollal, or the New Year according to the lunar calendar. According to the carmakers, about 1,200 companies supplying parts and materials wil
Jan. 20, 2011
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POSCO finalizes ferrochrome deal with Indian firm
POSCO announced Thursday that it finalized a deal to establish a joint venture producing ferrochrome with an Indian company.Ferrochrome is an alloy of chromium and iron used in stainless steel production. POSCO’s partner in the venture is Indian Metals and Ferro Alloys (IMFA), India’s biggest ferrochrome manufacturer. According to POSCO, Thursday’s deal finalizes agreements regarding a joint ventu
Jan. 20, 2011
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Meat imports to climb on foot-and-mouth cull
Pork and beef imports by Korea, the sixth-biggest buyer of U.S. pork in 2009, may climb this year as the nation culls swine and cattle to fight its worst outbreak of foot-and-mouth disease, an industry group said. Pork imports may jump 15 percent to 20 percent from about 179,500 metric tons in 2010, said Choi Jong Sun, chairman of the Korea Meat Import Association. Beef purchases may also gain as
Jan. 20, 2011
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Etihad Airways sees rising travel demand
Korea unit chief says emerging markets will drive growth in demandEtihad Airways, a national airline of the United Arab Emirates, is confident that the growth of the middle class in emerging markets and booming industrial projects in the Middle East will lure more travelers to the region.As one of the fastest-growing international carriers,the airline has expanded services to 66 destinations acros
Jan. 20, 2011
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3D technology, here to stay
By Kim Ji-hyun The recent success of the Hollywood blockbuster “Avatar” triggered a stream of 3D films meaning that moviegoers are now often seen in theaters armed with special 3D glasses as well as popcorn. Reflecting the growing popularity, IT companies from home and abroad unleashed jumbo-sized 3D TVs with enthusiasm at the Consumer Electronics Show held in Las Vegas during the second week of t
Jan. 20, 2011
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GM introduces new name, brand for S. Korean unit
Dan Akerson, Chief Executive of General Motors Co. (GM), unveils the Chevrolet Sonic at the 2011 North America International Auto Show (NAIAS) in Detroit, the United States, on Jan. 10, 2011. (Xinhua-Yonhap News)U.S.-based global automaker General Motors Co. (GM) on Thursday introduced a new name for its South Korean unit and brought internationally renowned brand Chevrolet to boost the company's
Jan. 20, 2011