Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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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 alerts overseas missions to NK terror threats
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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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Questions raised over fair promotion of RM, NewJeans
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15% of Koreans want to buy import car: poll
A survey agency said Friday that the proportion of Korean consumers, willing to purchase import cars, had reached an all-time high of 15.5 percent this year.Based on its recent poll on 95,012 consumers nationwide, Marketing Insight released the yearly figure that shows drivers’ preference since 2001.The figure, which could be a barometer for growth potential of the import vehicle industry, has continued to climb since the 2008 global financial crisis ― 10.8 percent in 2009, 11.6 percent in 2010
Oct. 5, 2012
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POSCO’s interest in Steel Americas heats up outbound M&A market
Australia’s Arrium might be steel firm’s preferred target, analysts sayPOSCO, the world’s fourth-largest steelmaker, is heating up the outbound M&A market as the company has reportedly entered the race to acquire Steel Americas of German steel giant ThyssenKrupp. According to an article Thursday from The Bell, a local M&A news provider, POSCO hired Credit Suisse Group as an M&A adviser and has recently sent a letter of intent to buy Steel Americas. A POSCO spokesperson declined to comment on whe
Oct. 5, 2012
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Yoon apologizes, says creditors will decide
Woongjin Group chairman Yoon Seok-keum apologized on Friday to the public, creditors and employees for his mismanagement that led to his two major companies requesting court protection.Speaking at a hurriedly arranged news conference in Seoul, chairman Yoon bowed his head several times in apology and confessed that excessive expansion of the group resulted in the filing of the court receivership. “I should have given up the solar energy and construction businesses. I filed for court receivership
Oct. 5, 2012
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Samsung Electronics’ earnings surge 90.5%
Strong sales of mobile devices boost tech giant to post record-high8.1 trillion won profit in Q3Samsung Electronics said Friday that it expected a record-high operating profit of 8.1 trillion won ($7.23 billion) during the third quarter of 2012, up 90.5 percent over the same period last year.While the electronic behemoth has yet to unveil performances by the business sector, analysts say its noteworthy earnings are mainly attributable to brisk sales of high-end mobile devices despite patent disp
Oct. 5, 2012
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Parents want daughter on respirator
A young woman with terminal cancer has asked a New York judge to allow her to be removed from life support, a move her parents oppose. Grace Sung Eun Lee's parents testified Wednesday they still hope God will save their daughter's life, the New York Daily News reported. Her father, the Rev. Manho Lee, is the minister of Antioch Missionary Church in the borough of Queens, and the parents also said
Oct. 5, 2012
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Army colonel under investigation for passing military secret to mistress
An Army colonel is under investigation for allegedly passing confidential military information to his mistress, but there are thus far no signs she was spying for North Korea, an official said Friday.The colonel from the Army Training and Doctrine Command, whose identity was withheld, was accused of passing 38 items of classified information -- 34 classed second-degree secret and four as third-degree secret -- to the woman around May, an official at the Defense Security Command said.Military pro
Oct. 5, 2012
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Heavy metals found in most of kids’ products
The majority of stationary and other items used by children circulated in the local market tested by the National Institute of Environmental Research contain high traces of heavy metals.According to the NIER data submitted to Rep. Hong Young-pyo of the Democratic United Party, 123 of the 124 items tested last year contained heavy metals that can be transferred to the body including lead, nickel and cadmium.In addition to the heavy metals, 14 items were shown to contain above-regulation levels of
Oct. 4, 2012
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Over 200 multicultural students drop out in one year
More than 200 students from multicultural families dropped out of school from March 2010 to February 2011 due to difficulties with adapting, according to the Ministry of Education, Science and Technology.The number is slightly less than the 223 dropouts from the 2009-10 school year according to the ministry. The students with international backgrounds in elementary, middle and high school totaled 31,788 in 2010-11, up more than 22 percent from the previous years.Of them 215 have quit or taken a
Oct. 4, 2012
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Myanmar president to visit for summit with Lee
Myanmar President Thein Sein will make a state visit to South Korea next week for talks with President Lee Myung-bak about economic cooperation and regional issues, the presidential office said Thursday.The Myanmar president’s trip, set for Oct. 8-10, follows Lee’s landmark visit in May to the Southeast Asian nation that has been emerging from international isolation with sweeping democratic reforms since Thein Sein took power last year after decades of military rule.Lee was the first South Kore
Oct. 4, 2012
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Canadian receives jail term for killing girlfriend
A lower court sentenced a Canadian national to five years in prison Thursday for killing his girlfriend in 2009. The 39-year-old man confessed earlier this year to drowning his girlfriend, surnamed Kim, then 21, in 2009 while they were taking a walk along the bank of the Han River in Yongsan. He had initially told police that Kim drowned while trying to get a tennis ball from the river. The police then closed the case. The man turned himself in in January saying to police that he had killed her
Oct. 4, 2012
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Public anger rises over Gumi acid leak damage
An acid leak at a chemicals factory that exploded last week in Gumi, North Gyeongsang Province, is seriously affecting residents, crops and livestock in the neighborhood.The explosion claimed five lives with 18 wounded. About 400 were treated for headaches and breathing difficulties, according to the Gumi government and the Korean Federation for Environmental Movement.Gumi has set up a task force to counter the rapid spread of the leak that has affected some 100 households, and their crops and l
Oct. 4, 2012
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Great Barrier Reef coral halved in past 27 years: study
SYDNEY (AFP) ― Australia’s Great Barrier Reef has lost more than half its coral cover in the past 27 years due to storms, predatory starfish and bleaching linked to climate change, a study found Tuesday.The research by scientists from the Australian Institute of Marine Sciences and the University of Wollongong warned that coral cover on the heritage-listed reef ― the world’s largest ― could halve again by 2022 if trends continued.Intense tropical cyclones ― 34 in total since 1985 ― were responsi
Oct. 4, 2012
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Bhutan aims to be first 100 percent organic nation
NEW DELHI (AFP) ― The Himalayan kingdom of Bhutan, famed for seeking “happiness” for its citizens, is aiming to become the first nation in the world to turn its home-grown food and farmers 100 percent organic.The tiny Buddhist-majority nation wedged between China and India has an unusual and some say enviable approach to economic development, centred on protecting the environment and focusing on mental well-being.Its development model measuring “Gross National Happiness” instead of Gross Domesti
Oct. 4, 2012
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‘Songdo ready to become mecca of global green efforts’
Incheon mayor vows full support for U.N. green fundIncheon Mayor Song Young-gil is confident that Songdo, the city’s newly developed urban district, has all that U.N. officials seek for the location of its new, ambitious Green Climate Fund. On top of its excellent IT and financial infrastructure, the area is designed as a model town that embodies the country’s vision of “low-carbon, green growth.” “Songdo is a model of low-carbon green cities which the United Nations Framework Convention on Clim
Oct. 4, 2012
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Global warming will make fish smaller: study
PARIS (AFP) ― A hearty fillet of fish, already a rare treat because of over-trawled oceans, will become even more infrequent in the future when global warming starts to reduce fish size, scientists said on Sunday.Researchers looked at computer models to see how warmer, and thus less oxygenated, seas affected more than 600 species of fish.Compared to 2000, the maximum attainable body weight of these fish declined by between 14 and 24 percent by 2050.Fish inhabiting the Indian Ocean were the most
Oct. 4, 2012
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What is Green Climate Fund?
The Green Climate Fund is a new international financial institution dedicated to the fight against climate change. The idea behind it is simple: Rich countries put money into the fund ― they have pledged to raise $100 billion a year by 2020 ― which will then be directed to poor countries to support their climate adaptation and mitigation plans. The GCF officially launched at the 2011 U.N. Climate Change Conference in Durban, South Africa, and is currently governed by a board of 24 members and an
Oct. 4, 2012
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Incheon in final pitch to host climate fund
Decision on location of Green Climate Fund secretariat due mid-Oct.The countdown has begun for the selection of the host city of a U.N.-operated fund, envisioned to be the single largest source of financing for global efforts to fight climate change. About two weeks from now, the board of Green Climate Fund will meet in Incheon to decide which of the six bidding cities, including Incheon, is the best location for its secretariat. The other five in the race are Bonn in Germany, Mexico City, Windh
Oct. 4, 2012
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Late Roh's brother to be cleared of latest bribery suspicion
CHANGWON (Yonhap News) -- An elder brother of the late former President Roh Moo-hyun is expected to be cleared of suspicions that he is related to tens of billions of won (tens of millions of U.S. dollars) in a businessman's bank account, prosecution sources said Thursday.In May, prosecutors said they had discovered several tens of billions of won in the bank account owned by Roh Geon-pyeong's clo
Oct. 4, 2012
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Ex-hedge fund bosses convicted in U.S. trading case
Two former hedge fund managers were convicted Monday of insider trading charges, including allegations that one of them had made as much as $50 million on a single tip about Dell Inc. earnings in 2008.Todd Newman and Anthony Chiasson were convicted in federal court in Manhattan after a five-week trial that included testimony from two analysts for the men. The jury reached its verdict after two days of deliberations.Newman is a former portfolio manager with Stamford, Connecticut-based Diamondback
Oct. 4, 2012
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Korean universities improve in global ranking
Korean universities have gained ground in a recent global ranking due largely to increased funding, In the latest edition of the Times Higher Education World University rankings published Thursday (Korea time), Pohang University of Science and Technology rose to 50th place from 53rd last year. Seoul National University soared to 59th from 124th and Korea Advanced Institute of Science and Technolog
Oct. 4, 2012