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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Questions raised over fair promotion of RM, NewJeans
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Shares flat on lingering eurozone woes
South Korean stocks closed marginally lower Wednesday as lingering concerns over the eurozone debt crisis kept investors reluctant to make risky bets, analysts said. The local currency rose against the U.S. dollar.The Korea Composite Stock Price Index edged down 0.15 points, or 0.01 percent, to finish at 1,817.66. Trading volume was moderate at 315.3 million shares worth 4.26 trillion won ($3.68 billion), with losers outpacing gainers 465 to 338.“There’s nothing from the ‘outside’ to invite inve
June 27, 2012
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LG Display union launches scholarship program
Union members of LG Display, Korea’s display-making giant, will reach out and support children of firefighters and police officers who died in the line of duty.LG Display’s union said Wednesday that it forged ties with the Korea National Council on Social Welfare to provide scholarship funds to those children living in Gyeonggi Province and North Gyeongsang Province.The union plans to give scholarships of 1 million won each annually to children in elementary, junior and high schools, and 2 milli
June 27, 2012
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Chances of Woori-KB merger in spotlight
Tie-up of two largest banks would require trimming staff to stay productive, analysts sayEyes are drawn to the likelihood of a merger between the nation’s two largest financial groups as their chiefs appear to be setting the mood by making favorable remarks. Market watchers, however, are skeptical about the productivity of the mega bank they would create.Woori Financial Group chairman Lee Pal-seung expressed once again his positive stance towards a merger with KB Financial Group.“We are open to
June 27, 2012
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Global PC sales may fall up to 10% in Q3: report
Global sales of personal computers may drop as much as 10 percent in the third quarter from a year earlier due to weakening demand, according to a Forbes report known in Seoul on Wednesday.PC sales could fall around 5-10 percent in the July-September period from the previous year as PC giants such as Dell and Hewlett-Packard continue to suffer softening demand, according to a recent Forbes report that cites Jefferies & Company Inc. analyst Peter Misek.Misek said China-based Huawei’s possible exp
TechnologyJune 27, 2012
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NCsoft holds Lineage 2-related art exhibition in Gyeonggi Province
NCsoft will hold an exhibition of its online game “Lineage 2” until Sept. 2 at the Gyeonggi Museum of Modern Art, the gaming company said Wednesday.Based on the story line written for its popular online game, collections such as photos, sculptures and videos related to the game will be displayed throughout the art gallery, according to NCsoft officials. The show has been named “Bartz Revolution” to commemorate the biggest event in the game’s history when an alliance called “Dragon Knights” took
TechnologyJune 27, 2012
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Samsung weighs legal options on U.S. Galaxy Tab ban
U.S. court blocks sales of Samsung’s flagship tablet PCSamsung Electronics said Wednesday that it will take legal action against a U.S. court’s decision to immediately block the U.S. sales of the firm’s flagship tablet PC Galaxy Tab 10.1, taking Apple’s side on patent infringement.“We regret the fact that our statement wasn’t accepted in this ruling but given that we already have a diverse product lineup, we’re confident that it will have a limited impact in our U.S. sales,” a Samsung spokespers
IndustryJune 27, 2012
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Cameras get smarter, sleeker in smart society
Samsung, Sony, Canon go after premium compact, smart camera marketsWith the country’s craze for smart gadgets like smartphones and tablet PCs, cameras are also getting smarter, sleeker and more stylish to attract wider attention.Camera makers such as Sony, Samsung Electronics and Canon are now going after the premium compact and mirrorless camera market with products that exceed the functionalities of those attached to handsets and wireless devices.The camera industry can be split into three cat
TechnologyJune 27, 2012
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Samsung, LG's key display technologies leaked by Israeli firm
Key technologies to manufacture advanced flat-panel displays at Samsung Mobile Display and LG Display have been leaked by an local unit of an Israeli company, local prosecutors said Wednesday, raising concerns the leakage could pose a major threat to the national interest.The Seoul Central District Prosecutors' Office indicted under physical detention three employees at the local unit of an Israel
TechnologyJune 27, 2012
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Meteor metal among solar system's oldest
(123rf)U.S. scientists say they've discovered a new primitive mineral in a meteorite that they believe to be among the oldest minerals formed in the solar system.Researchers from the California Institute of Technology studying a meteorite that fell in Mexico more than 40 years ago report they discovered the new mineral, dubbed panguite, embedded in the space rock.The mineral, a titanium oxide, i
TechnologyJune 27, 2012
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Seoul shares inch down on lingering eurozone woes
South Korean stocks closed marginally lower Wednesday as lingering concerns over the eurozone debt crisis kept investors reluctant to make risky bets, analysts said. The local currency rose against the U.S. dollar.The Korea Composite Stock Price Index (KOSPI) edged down 0.15 points, or 0.01 percent, to finish at 1,817.66. Trading volume was moderate at 315.3 million shares worth 4.26 trillion won
June 27, 2012
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Sony introduces new color for PlayStation Vita
Sony Computer Entertainment Korea will unveil on Thursday a white version of the PlayStation Vita. The Wi-Fi-enabled game console will be coated in Crystal White, the first color variation for the gadget from the original piano black. PS Vita is designed to help users experience “a portable entertainment world” in their daily life with a 5-inch OLED touch-sensitive screen, dual analog stick and sophisticated motion sensors.To celebrate the launch, Sony will give away a white accessory pack which
TechnologyJune 27, 2012
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Apple wins preliminary injunction against Samsung tablet
Apple Inc. won a court order immediately blocking U.S. sales of Samsung Electronics Co.’s Galaxy Tab 10.1 tablet computer while the companies litigate Apple’s patent-infringement claims. U.S. District Judge Lucy Koh in San Jose, California, issued the order today after rejecting a similar request in December. Apple’s request, part of a broader patent dispute over smartphones and tablets, was based on an appeals court finding that it will probably win its patent-infringement claim relating to the
TechnologyJune 27, 2012
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Mexico doctors remove child’s 33-pound tumor
Mexican doctors say they have successfully removed a 33-pound (15-kilogram) benign tumor from the body of a 2-year-old child.Dr. Gustavo Hernandez says the tumor was heavier than the child who at the time of the June 14 surgery weighed 26 pounds (12 kilograms).Hernandez said Tuesday the child from the northern state of Durango was born with a lump that eventually covered the right side of his body from his armpit to his hip.Hernandez says it took doctors at the La Raza Medical Center in Mexico C
TechnologyJune 27, 2012
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Global PC sales may fall up to 10 percent in Q3: report
Global sales of personal computers (PCs) may drop as much as 10 percent in the third quarter from a year earlier due to weakening demand, according to a Forbes report known in Seoul on Wednesday.PC sales could fall around 5-10 percent in the July-September period from the previous year as PC giants such as Dell and Hewlett-Packard continue to suffer softening demand, according to a recent Forbes r
IndustryJune 27, 2012
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Seoul shares open lower on Spain woes
South Korean stocks got off to a weak start Wednesday, as low demand on Spanish bonds last night sapped hopes for a smooth bailout of the debt-mired region, analysts said.The Korea Composite Stock Price Index (KOSPI) slipped 14.31 points, or 0.79 percent to 1,803.50 in the first 15 minutes of trading.Shares fell across the board, with market behemoth Samsung Electronics dipping 0.53 percent.The lo
June 27, 2012
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New Natural Drug for Diabetes Reaches Second-stage Trial
Han Wha Pharma(Kim, Kyoungrak / President) revealed on June 19 that it has won the Korea Food and Drug Administration’s approval to conduct a second-stage clinical trial for its new herbal medicinal products against diabetic endothelial dysfunction. The drug, “YJP-14” is made from natural substances and has been proven safe for long term use based on animal tests. Its effects increase nitric oxide
TechnologyJune 27, 2012
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Iran warns of possible embargo on S. Korean imports
Iran may halt all South Korean imports in protest against Seoul's decision to ban Iranian oil following European Union sanctions against the Middle East nation, Iran's top envoy here warned Wednesday.Iranian Ambassador Ahmad Masumifar said in an interview with Yonhap News Agency that his country "may decide to fully stop importing Korean goods" if Seoul imposes the import ban on Iranian oil.He als
June 27, 2012
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EU sanctions on Iran raise fears over oil supply
The European Union decided to impose the embargo on Iranian crude oil starting this Sunday as planned, signaling setbacks in crude supply to Korea and a rise in petroleum product prices. The EU said in a statement on Monday after a meeting of the foreign ministers of the 27 member countries that all contracts for importing Iranian oil will have to be terminated from July 1. European companies will also be prohibited from insuring shipping companies that transport Iranian oil as part of the sanct
June 26, 2012
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Scientists successfully transplant engineered organs to monkeys
South Korean scientists have successfully transplanted organs from a genetically modified pig to monkeys, a state research center said Tuesday, significantly raising the prospect of successful animal-to-human organ transplants.A heart and a kidney from the engineered pig were given to two separate monkeys on May 31, according to the National Institute of Animal Science, a research arm of the Rural Development Administration. The pig used in the latest experiment was an offspring of Xeno, the cou
TechnologyJune 26, 2012
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Research finds gene linked to depression
A new international study led by a Korean researcher has succeeded in identifying a gene linked with depression, which may create a new target for drugs for the mood disorder.In a series of experiments on rats, researchers found that a gene called neuritin in the brain plays a key role in depression and other mood disorders. They also discovered that by boosting the gene’s activity one can protect the brain from the disorders.To test whether neuritin is directly linked to depressed behavior, Son
TechnologyJune 26, 2012