Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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Medical reform committee kicks off despite boycott from doctors
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Samsung Q4 profit misses market estimates
Samsung Electronics Co., the world's largest maker of memory chips and liquid-crystal display (LCD) panels, estimated Friday that its operating profit for the October-December period fell below market estimates, as prices of its mainstay memory chips and LCD panels plunged on sluggish demand. Samsung put its fourth-quarter operating profit at 3 trillion won ($2.67 billion), down 12.8 percent fr
IndustryJan. 7, 2011
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Samsung expects to raise $200 billion before 2015
Electronics firm to look overseas to help raise competenceLAS VEGAS ― Samsung Electronics expects up to $200 billion in sales by 2015, noting that it has recorded about 150 trillion won ($132 billion) this year.Samsung Electronics is scheduled to reveal its fourth quarter earnings on Friday in Korea. “I believe we were not wrong to believe that we can hit the $400 billion sales mark by 2020,” said
Jan. 7, 2011
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Google violates laws: police
Google’s high-flying Street View service is in violation of Internet privacy laws here, police said Thursday. According to the Cyber Terror Response Center, the National Police Agency’s Internet crime unit, the conglomerate’s Street View mapping service had gathered sensitive private information from unencrypted wireless networks during the filming process.“We succeeded in breaking the encryption
Social AffairsJan. 6, 2011
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PyeongChang finalizes 2018 bid
PyeongChang has completed its candidature file for its bid to host the 2018 Winter Olympics.Cho Yang-ho, CEO of PyeongChang’s 2018 bid committee, joined by Korean Olympic Committee president Park Yong-sung and Lee Kwang-jae, Governor of Gangwon Province, signed Thursday the finalized proposal in a special ceremony held in central Seoul. The International Olympic Committee set the deadline for the
More SportsJan. 6, 2011
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The 42m-yuan masked lottery winner
The 42-million yuan jackpot winner dressed in a disguise poses for a photo while holding his check, in Dongguan, Dec 31, 2010. [Photo/Guangzhou Daily]China’s latest multi-millionaire lottery winner collected his prize wearing a disguise and said he would not immediately tell his family about his new fortune.The man, about 40 years old, received his 42.25-million yuan ($6.4 million) lottery prize
PodcastJan. 6, 2011
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Chung loses FIFA vice presidency
Chung Mong-joon failed to retain his FIFA vice president title after losing to Prince Ali bin Al Hussein of Jordan in a vote held at the Asian Football Confederation’s meeting Thursday in Doha.Prince Ali garnered 25 votes while Chung received 20 votes from the 45-member AFC executive committee to oust the honorary president of the Korea Football Association from the FIFA seat that he has kept for
More SportsJan. 6, 2011
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Nordic patterns charm winter fashion
For a New Year gift, 25-year-old Nam So-hyun picked out a pullover with a line of reindeer patterns for her sister and a pair of leggings that give out a similar Nordic vibe for herself in Myeong-dong last weekend. “These warm patterns brighten up winter clothes which are usually dull and somber. They put me in a fairy tale-like mood,” said Nam. “Nordic knitwear,” which is best known for its repet
Arts & DesignJan. 6, 2011
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S. Korean Chung Mong-joon fails to be re-elected as FIFA vice president
DOHA, Qatar (Yonhap) -- South Korea's Chung Mong-joon came up short in his bid for re-election as FIFA vice president for a fifth run.In a vote held here Thursday during the Asian Football Confederation (AFC) Congress, Chung lost 25-20 to Jordanian Prince Ali bin al-Hussein, head of the Jordan Football Association. Prince Ali will serve until 2015.Chung, 59, had been the vice president of the worl
SoccerJan. 6, 2011
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Allies skeptical over N. Korea’s dialogue offer
South Korea and the U.S. have dismissed North Korea’s proposal for “unconditional talks” as insincere, insisting actions still had to be made ahead of any kind of dialogue. Nuclear envoys of Seoul and Washington agreed Wednesday that peace talks between the two Koreas should precede the resumption of the six-party denuclearization negotiations. The reclusive North made the rare proposal through an
PoliticsJan. 6, 2011
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Probe begins into RNL’s handling of stem cells
Prosecutors on Thursday started an investigation into RNL Bio, which is suspected of illegally formulating stem cells and brokering their overseas injections, the Seoul Central District Prosecutors’ Office said. The probe, the first of its kind here, came after the Ministry of Health and Welfare filed charges against the company Tuesday, which the ministry said had manufactured stem cells without
Social AffairsJan. 6, 2011
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Teachers’ union seen taking moderate path
The Korea Teachers and Education Workers’ Union is expected to make a major turn from its hawkish attitude as its new leader declared an end to the “honeymoon period” with liberal educational superintendents. The declaration by Jang Suk-woong is likely to forge a reconciliatory atmosphere between the progressive KTU and the conservative government of President Lee Myung-bak. The teachers’ group ha
Social AffairsJan. 6, 2011
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Lee calls for FMD solutions
Officials told to secure enough vaccines to prevent future outbreakPresident Lee Myung-bak on Thursday instructed his government to come up with fundamental solutions to prevent another outbreak of foot-and-mouth disease next year in addition to ongoing quarantine efforts. “With an increasing number of travelers moving in and out of the country, we need to do more than just quarantine work,” Lee s
PoliticsJan. 6, 2011
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Korea vows all-out effort to tame inflation
The Bank of Korea’s top policy priority this year will be to stabilise inflation, while adjusting monetary policy in view of the global economic situation, the central bank said Thursday.Separately, the Finance Ministry pledged to make an effort “on all fronts” to curb price pressures, at a time when surging oil and commodities prices are fanning inflation expectations around the region.The govern
Jan. 6, 2011
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No fanfare for N.K. heir’s birthday: official
North Korea is expected to celebrate the upcoming birthday of its leader-in-waiting in a fashion as low-profile as last year even though he has since been appointed to political and military posts, a South Korean official said Thursday.The North Korean ruling party and military celebrated the Jan. 8 birthday of Kim Jong-un last year with athletic meetings, propaganda music recitals and other “inte
North KoreaJan. 6, 2011
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N.K. rewrites party rules on power succession
In an apparent bid to facilitate its hereditary power succession, North Korea has rewritten major regulations governing its ruling party, allowing its leader-in-waiting to take full control of the state with greater ease, a government source said Thursday.The revisions were approved at the landmark convention of the top Workers’ Party delegates in September, during which Kim Jong-un, the youngest
North KoreaJan. 6, 2011
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P.M. warns against ‘welfare populism’
MONTEVIDEO (Yonhap News) ― South Korean Prime Minister Kim Hwang-sik on Wednesday cautioned against “welfare populism,” as domestic politicians from both ruling and opposition circles have competitively embraced populist tones in public welfare spending ahead of the presidential and parliamentary elections, both slated for next year.“It is not desirable for politicians to engage in excessive debat
Social AffairsJan. 6, 2011
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Former U.S. diplomat gets 2-year jail term for fraud
BUSAN (Yonhap News) ― A former U.S. diplomat was sentenced to two years in prison in South Korea on Thursday for swindling a Korean woman out of nearly $200,000 with false promises of lucrative investment opportunities in the Philippines.A court in Busan handed the prison sentence to Dario Tomas, convicting the Filipino-American of charges that he defrauded the woman of 215 million won from 2007 t
Social AffairsJan. 6, 2011
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Korea’s kimchi exports reach $98.4m in 2010
Korea kimchi exports rose 10 percent on-year to $98.4 million last year thanks to solid overseas demand for the spicy fermented side dish, the government said Thursday.The Ministry for Food, Agriculture, Forestry and Fisheries said the outbound shipment total was the second-highest annual figure after the $102.7 million reported for 2004.The annual increase is noteworthy because problems in supply
IndustryJan. 6, 2011
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Korea remains strong stock investment magnet
Korea’s stock market lured nearly 30 percent of foreign equity funds poured into emerging Asian countries last year, becoming the second-biggest investment destination after India, a report showed Thursday.Foreign investors bought a net $18.9 billion of domestic shares in 2010, representing 29.7 percent of the total $63.9 billion in foreign net purchases among seven key emerging markets in the Asi
IndustryJan. 6, 2011
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Korea eyes emerging markets to boost trade
Korea must look for new opportunities in newly emerging markets, such as Africa and South America, to continue expanding its exports, while also seeking to establish a stronger presence in the $9 trillion global public procurement market, a local trade agency said Thursday.The announcement came as the Korea Trade-Investment Promotion Agency (KOTRA) launched a global market forum at a Seoul hotel,
Jan. 6, 2011