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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Osstem Implant fined for illegal rebates
The Fair Trade Commission said Monday that it has fined three dental equipment makers 127 million won ($106,000) for giving illegal rebates. It is the first time that the state-run antitrust regulator has found illegal marketing practices prevalent in the medical equipment market as well as in the p
Sept. 26, 2011
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Online tax paying system lacks security: lawmaker
A lawmaker on Monday alleged that HomeTax, the government’s online tax payment system, is exposed to the threat of hacking and lacks adequate security. Currently, about 5.22 million Korean taxpayers, most of them business owners, are using the system due to benefits such as tax cuts. According to Re
Sept. 26, 2011
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Korea to become ninth in world with $1tr trade
Trade volume growth sets important precedent for developing nationsSouth Korea’s trade volume reaching $1 trillion is a miracle that has significance not only for Korea but for developing countries, Korea International Trade Association chairman SaKong Il said Monday. With Korea’s trade volume, incl
Sept. 26, 2011
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Major reshuffling expected at Samsung at year’s end
Executives at Samsung LED, Samsung Mobile Display expected to pack their bags Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among
Sept. 26, 2011
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China launches gold vending machine
BEIJING (AFP) - China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said Sunday. This photo shows the first customer to use the country's first gold vending machine displaying her gold
Sept. 26, 2011
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10m Galaxy S II handsets sold
South Korea’s Samsung Electronics, the world’s second-largest mobile phone maker after Nokia, said Sunday it had sold 10 million Galaxy S II smartphones worldwide since the device debuted in April. Sales of the new model, an upgraded version of the firm’s flagship smartphone, had doubled in two mont
Sept. 25, 2011
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LG to invest 8 trillion won in eco-friendly projects
LG Group said it would push green energy business forward on a strategy titled “Green New Business.” Under the plan, the country’s second-biggest conglomerate aims to generate 10 trillion won ($8.5 billion) in revenue from green business by 2015, and become a leader in the electric vehicle parts, ph
Sept. 25, 2011
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Regulator to toughen rules on inter-trading by subsidiaries
Companies doing business here will face tougher rules on inter-subsidiary dealings from as early as the end of December, antitrust authorities said Sunday. The Fair Trade Commission on Sunday put a revision to the antitrust law on public notice with an aim to step up its vigilance on illegal inter-a
Sept. 25, 2011
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Asiana sponsors Yeosu Expo
Asiana Airlines CEO Yoon Young-doo (right) and Organizing Committee for Expo 2012 Yeosu Korea chairman Kang Dong-suk pose after signing the sponsorship contract in Incheon International Airport on Sunday. (Asiana Airlines)Asiana Airlines signed on as an official sponsor of International Exposition Y
Sept. 25, 2011
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Korean retailers aim to cash in on Chinese golden week
Korean retailers are launching promotions to target Chinese golden week, which starts Saturday. Industry sources expect that more than 2 million Chinese people will travel abroad during the seven-day holiday starting on Oct. 1, China’s national foundation day. With tens of thousands of Chinese touri
Sept. 25, 2011
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KEPCO to develop measures to prevent power outage
Korea Electric Power Corp. will seek to introduce a regulation for controlling electricity consumption when demand spikes.At the parliamentary audit on Friday, the power company said it will push to have such a measure included in related laws in order to prevent recurrences of the nationwide power
Sept. 23, 2011
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Korea braces for semiconductor slump
Samsung chief calls for technological advancement to weather tough conditionsThe global semiconductor industry is far from looking fine, and this spells trouble for Korea where some of its most high-tech companies such as Samsung Electronics and Hynix Semicondutor depend on semiconductors for revenu
Sept. 23, 2011
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S. Korean CEOs getting older: report
SEOUL, Sept. 23 (Yonhap) -- The average age of chief executive officers in South Korea rose slightly this year from one year ago, a report showed Friday. But the average age of Samsung Group, South Korea's largest family-controlled industrial group and parent of Samsung Electronics Co., fell on the
Sept. 23, 2011
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HP names eBay veteran Meg Whitman as new CEO
SAN FRANCISCO (AP) _ Hewlett-Packard has named Meg Whitman, the former eBay CEO and California candidate for governor, as its new CEO, pushing aside Leo Apotheker after just 11 months on the job. Whitman got the top spot because there are few available people with the experience to run complex techn
Sept. 23, 2011
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Hyundai Heavy bags 10th drill ship order
Hyundai Heavy Industries extended its lead in the drill ship market signing a contract for one more such vessel on Thursday.According to the company, the Geneva-based Noble Corp. issued a 600 billion won ($509 million) contract for a drill ship. With the latest deal, the company has been signed on t
Sept. 22, 2011
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Blizzard’s Diablo III offers new monetary system
Blizzard Entertainment revealed its Diablo III beta trial version to the press Thursday, also unveiling its in-game auction system. Internet crimes, such has fraud, plagued Diablo II through external websites, but the third version of the game aims to provide a safe trading environment by adopting i
Sept. 22, 2011
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Daewoo, STX in gas project on East Sea shelf
Daewoo International Corp. and STX Energy Co. are set to take part in a government project to extract natural gas from the continental shelf in the East Sea to secure stable energy supplies and tackle price swings.The Ministry of Knowledge Economy said it struck an agreement on Thursday with the two
Sept. 22, 2011
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Armed with technology, Modnnet seeks second takeoff
Electronic lecture board maker stresses importance of human resources and technologyFor companies in the information technology industry, quick adaptation to changes and planning are prerequisites for survival. Shin Soon-hee, the chief executive officer of Modnnet, suggests there was more to that fo
Sept. 22, 2011
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New products, technologies strengthen companies’ brand power
Korea Productivity Center releases 2011 National Brand Competitiveness Index ranking 176 brandsNew products and technologies have elevated the brand power of local companies over the past year, whileremaining the market leader has become much more difficult, Korea Productivity Center found in an ann
Sept. 22, 2011
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KT makes name as global player
Company selected as telecom leader in Dow Jones Sustainability IndexKT Corp. is now among the few companies recognized in the Dow Jones Sustainability Index as a global supersector leader, making its name as one of the most competitive companies not only in Korea, but around the world. Only those re
Sept. 22, 2011