Most Popular
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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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Some junior doctors are returning: Health Ministry
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[Robert J. Fouser] AI changes rationale for learning languages
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Woman dangling from power lines rescued by residents holding blanket
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KT tablet targets middle-aged
KT, the nation’s No. 1 telecom services provider, said Thursday that it will launch a new Samsung tablet PC specially designed for middle-aged users, housewives in particular, on Oct. 31. KT has developed the Smart Home Pad with Samsung Electronics and inked an exclusive deal to stock the new Galaxy Tab 8.9 for the next year. “People in their 40s and 50s may have had difficulty using smart devices,” said Seo Yu-yeol, president of home business at KT, in front of about 100 invited housewives. “Sm
IndustryOct. 27, 2011
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Number of holding firms grows: watchdog
The number of holding companies in South Korea grew over the past year as businesses continued efforts to streamline their corporate governance structure, the corporate watchdog said Thursday.The number of holding firms in South Korea stood at 105 as of end-September, up 9 from the same period a year earlier, according to a report by the Fair Trade Commission. Over the period, 24 firms were added to the list, while 15 were taken off. Of the total, 13 are financial holding companies, while the re
Oct. 27, 2011
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Foreign exchange rates, rising costs dent local companies’ Q3 figures
Fluctuating foreign exchange rates and Europe’s financial instability dampened Korean firms’ performances in the third quarter.According to the financial information provider Fn Guide, 62 percent of listed companies that have posted net profits for the period by Wednesday, saw their net profits fall or move into the red.As of Wednesday, 91 listed firms posted third-quarter figures, of which 79 disclosed their net figures.Of the 79, seven companies including Korea Air, LG Display and LG Electroni
Oct. 27, 2011
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Seoul shares up 1.46% on Europe bailout plan
South Korean stocks rose 1.46 percent on Thursday as investors were buoyed by a set of bailout measures agreed on by European policymakers and financialinstitutions. The local currency shot up against the U.S. dollar.The benchmark Korea Composite Stock Price Index soared 27.73 points to a near three-month high of 1,922.04. Trading volume was heavy at 410.4 million shares worth 7.82 trillion won ($7.02 billion), with gainers far outnumbering decliners 594 to 234.“Market watchers are split on the
Oct. 27, 2011
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GS Caltex finishes polymer plant in China
GS Caltex Co., South Korea’s second-largest refiner, said Thursday that it has completed a polymer compound plant in eastern China that will help the company further tap into the world’s second-largest economy.The plant, located in Suzhou, Jiangsu Province, has begun commercial operations with an annual output of 37,000 tons of polymer compounds, the company said. Polymer compounds are functional plastics widely used for making cars and home appliances.GS Caltex said that global manufacturing fi
IndustryOct. 27, 2011
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Moody’s keeps ‘A1’ sovereign rating for Korea: official
Moody’s Investors Service reaffirmed its “A1” sovereign rating with stable outlook for Korea, citing the nation’s strong fiscal status and ample foreign exchange reserves, a Finance Ministry official said Thursday. The rating agency is said to have assessed the strength of the economy by sending a delegation to the Finance Ministry and Financial Supervisory Services earlier this year, where it decided to maintain its fifth-highest rating for Asia’s fourth largest economy.“In accordance to its re
Oct. 27, 2011
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Software development plan unveiled
The government announced Thursday that it will build the country’s first meister high school specializing in software and create a software bank as part of its efforts to boost the nation’s competitiveness in the software industry.In a meeting chaired by President Lee Myung-bak, the Ministry of Knowledge Economy unveiled its plan, divided into 11 policy tasks, to establish an ecosystem for the software industry.The announcement takes place after global players like Apple and Google Inc. have bee
IndustryOct. 27, 2011
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Chinese Vice Premier Li meets LG, Kumho chairmen
China’s Vice Premier Li Keqiang met LG Group chairman Koo Bon-moo during Li’s visit to the flagship unit’s research and development campus in southern Seoul on Thursday.Becoming the only company on Li’s list during his two-day visit to Seoul, Li exchanged views with Koo on LG’s high-end IT products, such as the Cinema 3-D television which is among the products gaining popularity in China, according to LG officials.Li also viewed the research facilities for LG’s home appliances, including smart r
IndustryOct. 27, 2011
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Thai flood impact on air travel limited
Thailand’s flood crisis deepened this week as floodwaters advanced into Bangkok, forcing authorities to shut down the capital city’s second-largest airport, but its impact on Korean travelers will likely remain limited, airline officials said Thursday.Major Korean carriers have not seen delays or cancellations of flights due to floods and have not experienced noticeable drops in occupancy rates, officials said, although they have been closely following the Southeast Asian country’s worst natural
IndustryOct. 27, 2011
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‘Venture renaissance’ and lessons from Silicon Valley
The following was contributed by Seo Seung-won, director general at Business Start-up and Venture Bureau at the Small and Medium Business Administration. ― Ed. On Oct. 6, Apple’s Board of Directors made the official announcement of the death of tech-giant Steve Jobs, who brought a whole new level of technology experience to human beings in our generation. He is a historical figure who started the popularization of personal computers in the 1970s with the Apple II series. The ex-CEO later opened
Oct. 27, 2011
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Hyundai Motor’s Q3 net profit jumps 21%
Hyundai Motor Co., the world’s fifth-largest carmaker by sales, posted a 21 percent jump in net profit in the third quarter Thursday.The figure was in line with the market consensus on continued popularity of its sedans and SUVs in China, the U.S. and Europe. The company reported 1.92 trillion won ($1.7 billion) of net income for the June-September period, up from 1.59 trillion won a year earlier.The result is expected to cap the company’s most profitable year and beat sales of its rival firm To
Oct. 27, 2011
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Hyundai, Kia focus on quality in Europe
Korean carmakers seek sustainable growth rather than blind pursuit of market shareFRANKFURT, Germany ― Hyundai Motor and its affiliate Kia Motors overtook Toyota Motor in their combined sales in the European market in 2010. The Korean carmakers’ aggressive sales marketing may catapult them to the level of Volkswagen and BMW in Europe. But the Hyundai Motor Group turned its eyes from market share to quality control. “Separately, Hyundai is expected to surpass the Japanese competitor in European m
MobilityOct. 27, 2011
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Ministry selects 99 specialized hospitals
The Ministry of Health and Welfare designated 99 hospitals as “specialized hospitals” guaranteed by the government. The selected hospitals deal with the areas of joints, cardiovascular, colorectal, cardiac, alcoholism, breast, gynecology, rehabilitation, orthopedic, stroke and replants. Such hospitals will be able to promote themselves as specialized hospitals for three years. It is illegal for other institutions to claim to specialize in these areas. The designation will be reviewed once more f
TechnologyOct. 27, 2011
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St. Mary’s opens pulmonary hypertension center
The Seoul St. Mary’s Hospital opened a pulmonary hypertension center last week. According to the Mayo Clinic, pulmonary hypertension is a type of high blood pressure that affects only the arteries in the lungs and the right side of your heart. It is considered a serious illness that deteriorates progressively and is sometimes fatal. “But pulmonary hypertension has become controllable thanks to new drugs and treatments introduced every year. What we need is a close watch and consultation,” the ho
TechnologyOct. 27, 2011
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Talk of ban on mercury concerns scientists
LONDON (AP) ― Scientists are warning officials negotiating a global treaty on mercury that banning the deadly chemical completely would be dangerous for public health because of the chemical’s use in vaccines.The ban option is one of several proposals on the table for a meeting later this month in Nairobi, but a final treaty isn’t expected until 2013.According to the World Health Organization, mercury is one of the top 10 chemicals of public health concern and is highly toxic. Most of the worry
TechnologyOct. 27, 2011
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Local, organic foods not always safer
WASHINGTON (AP) ― Shoppers nervous about foodborne illnesses may turn to foods produced at smaller farms or labeled “local,” “organic” or “natural” in the hopes that such products are safer. But a small outbreak of salmonella in organic eggs from Minnesota shows that no food is immune to contamination.While sales for food produced on smaller operations have exploded, partially fueled by a consumer backlash to food produced by larger companies, a new set of food safety challenges has emerged. And
TechnologyOct. 27, 2011
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Largest study finds no link between cellphones, cancer
LONDON (AP) ― Danish researchers can offer some reassurance if you’re concerned about your cellphone: Don’t worry. Your device is probably safe.The biggest study ever to examine the possible connection between cellphones and cancer found no evidence of any link, suggesting that billions of people who are rarely more than a few inches from their phones have no special health concerns.The Danish study of more than 350,000 people concluded there was no difference in cancer rates between people who
TechnologyOct. 27, 2011
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New treatments emerging for prostate cancer
Prostate cancer is the most common cancer in men in the United States and the second most prevalent cause of death after lung cancer. There is data that about one out of every six men will be diagnosed with prostate cancer in the U.S. Recent Korean epidemiologic data also shows that the prostate cancer is the fifth-most common in men. Regarding the rate of increase in cancer, however, prostate cancer competes for first place with colorectal cancer in Korea. The prostate gland is a key part of th
TechnologyOct. 27, 2011
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Trans fat concerns spread to fertility
Junk food has never been considered healthy, but recent research paints an even gloomier picture: It could affect male fertility and fetal health. Doctors at Harvard University and the University of Murcia found that nutrition may have a direct impact on the male reproductive system. By studying the sperm samples of 188 men between the ages of 18 and 22, the team found that those with high trans fat intakes were at higher risk of infertility. Trans fat is an unhealthy substance, also known as tr
TechnologyOct. 27, 2011
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Writer Isaacson on Steve Jobs: 'I just listened'
NEW YORK (AP) — Steve Jobs told Walter Isaacson he wanted him to write his biography because he's good at getting people to talk. Jobs, it turns out, didn't need much prodding, secretive as he was about both his private life and the company he founded."I just listened," said Isaacson, whose bo
IndustryOct. 27, 2011