Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Ssangyong seeks to diversify export markets
Ssangyong Motor said Sunday that it had mapped out strategies to diversify export targets within five years, while more than half of its export-oriented vehicles are shipped to Russia and Latin America.Currently, Russia accounts for 32 percent of the automaker’s export destinations, followed by South & Central American countries with 26 percent.In coordination with its majority shareholder Mahindra & Mahindra Ltd., the company said it planned to push ahead with tapping new markets.“By 2016, when
MobilityNov. 25, 2012
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Carmakers turn to TV drama for killer promotions
Kia Motors’ K7 sedan was once called “Lee Byung-hun’s car” after the Korean Wave heartthrob drove the car in the several chase scenes of the 2009 hit spy thriller “IRIS.”Company officials would not offer the specific sales data on the drama sponsorship. But during the eight months after the drama ended, the K7 topped the nation’s large sedan segment sales, outperforming Hyundai Motor’s steady-seller Grandeur. Unveiling the facelift version of the K7 recently, the carmaker, an affiliate of Hyunda
MobilityNov. 25, 2012
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India wages hi-tech war on ancient scourge: tuberculosis
NEW DELHI (AP) ― Shammo Khan walks into a dusty courtyard that reeks of garbage, searching for the fingerprint of a man exhausted by HIV, drug withdrawal and the tuberculosis lesions hijacking his lungs. She opens her laptop on his rope bed, prods the emaciated man to log in on a fingerprint reader and watches him slowly and painfully swallow a handful of TB drugs in an experimental program harnessing new technology to combat an ancient killer still ravaging India. Private companies, aid groups
TechnologyNov. 25, 2012
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Korea’s credit rating rises most in OECD
The country’s sovereign rating surged the most among the members of the Organization for Economic Cooperation and Development in the past five years, said a report on Sunday.According to data by the Korea Center for International Finance, Korea’s credit rating went up by two notches to “Aa3” between the end of 2007 and October of this year. “Aa3” is the fourth-highest level designated by Moody’s Investors Service.The report also said that Fitch Ratings lifted South Korea’s rating to “AA-” from “
Nov. 25, 2012
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Woman dies after 42 years in coma
A Miami woman who fell into a diabetic coma in 1970 died at age 59 after 42 years of unconsciousness, her family said.Edwarda O‘Bara died Wednesday after being cared for by her mother and sister through decades of illness, the Miami New Times reported Friday.O’Bara was a high school student when she fell ill and regurgitated her diabetes medicine. She was rushed to the hospital, where she asked her mother never to leave her side just before she slipped into the coma, The Miami Herald said.Her mo
TechnologyNov. 25, 2012
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KT to spin off satellite unit into separate firm
KT Corp. said Friday that it will spin off its satellite business division into a separate firm.Company officials said the plan was endorsed at a shareholders’ meeting in Seoul on Friday. The new satellite firm, tentatively named “kt sat,” will start out on Dec. 1 with 50 billion won in capital, the company said. KT will wholly own kt sat, and the present KT Corp. Center chief Kim Il-yung will head the new firm. Focusing on satellite service business, kt sat reflects KT’s strategy to expand its
TechnologyNov. 23, 2012
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KDI school opens English website on development
KDI School of Public Policy and Management opened on Friday an English-language website which provides information on South Korea’s economic development process. The total information system K-developedia (www.kdevelopedia.org) contains data published by local and international research institutes and international organizations such as the World Bank and United Nations. All the information including research data, photographs and video materials are offered for free at the website. Data origina
IndustryNov. 23, 2012
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LG Electronics’ Optimus G ranked top in U.S
South Korean tech giant LG Electronics Inc.’s latest Optimus G has been picked as the best smartphone by a U.S. magazine in its latest handset survey, industry sources said Friday.Consumer Reports said the Optimus G is the best smartphone choice for subscribers of two major mobile carriers in the United States.It is the first time that an LG smartphone has been the top recommendation of Consumer Report, according to the sources.The LG phone released by AT&T Inc. received the highest 79 points in
Nov. 23, 2012
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The Shilla Seoul to close for refurbishment
The Shilla Seoul said Friday that it would close in January for about six months for a major refurbishment. The hotel said that it would cease all hotel services during the six-month revamp, except the Shilla Duty Free Shop, which will be open throughout the refurbishment period. Having been built more than three decades ago, the hotel building needs to renovate the guestrooms and bathrooms, hotel officials said. They said that the project will only involve the interior of the hotel and not the
Nov. 23, 2012
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LS Cable focuses on India in bid to become global leader in sector
LS Cable & System chairman Koo Cha-yol reaffirmed Friday the company’s goal of becoming the No. 1 player in the global cable industry, celebrating the 50th anniversary of its foundation. “Based on our prowess accumulated over the past 50 years, we will step up efforts to become the global No. 1 in the next 50 years,” Koo said during the ceremony at its headquarters in Anyang, Gyeonggi Province, on Friday with some 400 company executives and guests in attendance. “The cable business is not just a
IndustryNov. 23, 2012
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NPS chief Jun to serve one more year
The government decided to extend the term of National Pension Service chief Jun Kwang-woo by a year, officials said on Friday.The NPS chief’s three-year tenure was due to expire early next month.Health and welfare officials said the government made the decision in consideration of the performance the pension service achieved under Jun.According to officials, the number of subscribers of the national pension surpassed 20 million people and the NPS’ combined operating profits it collected by fund
Nov. 23, 2012
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SK Telecom to merge SK Planet and SK M&C
SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries ― SK Planet and SK Marketing & Company ― as a means to beef up its mobile business, industry sources said.The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity.SK Telecom will likely make SK Planet the surviving entity through a statutory merger with SK M&C, which will dissolve after the M
TechnologyNov. 23, 2012
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4 investors show interest in Ssangyong E&C’s capital increase
Four domestic and foreign investors have expressed interest in Ssangyong Engineering & Construction Co.’s planned rights offering of more than 150 billion won ($138 million), which is aimed at resolving the liquidity crisis of the embattled builder, officials of the state-run debt-clearer said Friday.The rights issue comes as Ssangyong’s creditors have been trying to sell the cash-strapped builder, the former construction arm of Ssangyong Group. Their latest attempt in August, fifth since 2007,
Nov. 23, 2012
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Korea counters Lone Star’s ISD invocation
The government will have to pull out all the stops to ensure its victory over Lone Star Funds in a looming legal battle, pundits said on Friday, as the case will set a critical precedent. On Nov. 21, the Dallas-based private equity firm filed investor-state dispute, or ISD, arbitration claims at the International Centre for Settlement of Investment Disputes against the Korean government for damages of up to 2.4 trillion won over its delayed approval of prospective buyers for Korea Exchange Bank.
Nov. 23, 2012
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IEA says Korea a good example of green energy, nuclear power
South Korea is setting an example for the rest of the world to follow in developing new and clean energy sources, including nuclear energy, as part of efforts to fight climate change, a country report by an international organization said Friday.The International Energy Agency especially praised the country for its 2009 pledge to voluntarily cut greenhouse gas emissions by 30 percent from its business-as-usual levels in 2020.“In its report, the IEA very positively viewed the country’s setting a
Nov. 23, 2012
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FILA Global chief Yoon wins Ernst & Young award
FILA Korea Ltd. and FILA Global chairman and CEO Gene Yoon won the sixth Ernst & Young Entrepreneur of the Year Award, or EOY, organizers said on Friday. The award is created to pioneer outstanding leaders of business whose strength and leadership inspire world. Out of six EOY awardees, Yoon won this year’s EOY Master’s Award in recognition of his excellence in mergers and acquisitions he showed in merging the global sports brand FILA, Ernst & Young Hanyoung said. In 2011, Yoon also succeeded in
IndustryNov. 23, 2012
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Planets around cooling stars unlikely to support life: study
Exoplanets orbiting cooling stars like white dwarf and brown dwarf stars are unlikely to support life, new study suggestedAs those stars cool down over time, their habitable zone –- a zone where liquid water, therefore life may exist –- shift over time, according to research by Rory Barnes of the University of Washington and René Heller of Germany‘s Leibniz Institute for Astrophysics Potsdam. Although theoretically both white and brown dwarf stars can be bright enough to create habitable zones,
TechnologyNov. 23, 2012
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SK Telecom to merge SK Planet and SK M&C
SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries -- SK Planet and SK Marketing & Company -- as a means to beef up their mobile business, industry sources said.The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity.SK Telecom will likely make SK Planet the surviving entity through a statutory merger with SK M&C, which will dissolve after t
TechnologyNov. 23, 2012
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Argentine experts find giant penguin fossils in Antarctica
Argentine experts have discovered the fossils of a two-meter tall penguin that lived in Antarctica 34 million years ago.Paleontologists with the Natural Sciences Museum of La Plata province, where the capital Buenos Aires is located, said the remains were found on the icy southern continent."This is the largest penguin known to date in terms of height and body mass," said researcher Carolina Acosta, who noted that the record had been held by emperor penguins, which reach heights of 1.2 meters ta
TechnologyNov. 23, 2012
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IEA report says S. Korea a good example of green energy, nuke development
South Korea is setting an example for the rest of the world to follow in developing new and clean energy sources, including nuclear energy, as part of efforts to fight climate change, a country report by an international organization said Friday.The International Energy Agency (IEA) especially praised the country for its 2009 pledge to voluntarily cut greenhouse gas emissions by 30 percent from its business-as-usual levels in 2020."In its report, the IEA very positively viewed the country's sett
Nov. 23, 2012