Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
S. Korea, Japan could consider simplified entry agreement: Seoul official
-
3
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
4
[Weekender] How DDP emerged as an icon of Seoul
-
5
[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
-
6
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
7
Tensions heighten ahead of first president-opposition chief meeting
-
8
'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
-
9
New chief named to anti-corruption body
-
10
[Music in drama] An ode to childhood trauma
-
Whiskey sales plunge in 2012 on economic slump
Whiskey sales in South Korea fell sharply last year due to a persistent economic slump and sluggish domestic consumption, industry data showed Wednesday.According to data compiled by the Korea Alcohol & Liquor Industry Association, a total of 2.12 million boxes were sold last year, down 11.6 percent from 2.4 million boxes sold in 2011. Each box contains 18 0.5-liter bottles. With the latest decline, whiskey sales have declined for four consecutive years since 2009 when sales of the hard liquor d
Jan. 16, 2013
-
Eximbank sets aside W74tr for exporters
The state-run Export-Import Bank of Korea said Wednesday it will provide local exporting companies with 74 trillion won ($69.8 billion) in lending and loan guarantees to help their overseas shipments.Of the total, 50 trillion won will be provided in loans with the remaining 24 trillion won to be provided through guarantee, the policy lender said in a statement. The fund is the largest yearly amount set aside by the policy lender, it said, adding that 60 percent of it will be extended in the firs
Jan. 16, 2013
-
Candidate names circulate for deputy P.M., top financial regulators
With the presidential transition committee’s announcement of a government reorganization plan on Tuesday, names of possible candidates for top economic policymakers are being circulated among financial circles.They include three key ministerial posts: deputy prime minister in charge of overall economic policies, who will concurrently serve as finance minister; chairman of the Financial Services Commission; and governor of the Financial Supervisory Service.Among the leading candidates for the inc
Jan. 16, 2013
-
Korea to sharply hike capacity for power generation
In response to rising demand for electricity, the government plans to expand the nation’s electricity generation capacity to 110 million kilowatts by 2027, up 37.5 percent from the current 80 million kilowatts, officials said on Wednesday. The officials from the Ministry of Knowledge Economy said the plan will be included in the upcoming Sixth Basic Plan on Electricity Demand and Supply to be published by the ministry at the end of this month.The report, which has been released every two years s
Jan. 16, 2013
-
KT’s smartphone music service launched globally
Genie, KT’s music service for smartphones, has been launched in 45 countries across six continents, the mobile carrier said earlier this week.The company said that the smartphone-only music service launched globally on Tuesday, giving anyone with an Android handset access to the latest K-pop songs.The 45 countries include the U.S., Australia, Germany, France, Russia, Denmark, Luxembourg, Spain, New Zealand, Mexico, India, the Philippines, Singapore, Taiwan, Brazil and Argentina.However, the serv
TechnologyJan. 16, 2013
-
Mobility, social, cloud, big data keywords for 2013 IT industry
Key trends for the local and global IT industry this year are likely to be mobility, social, cloud and big data, a report projected Wednesday.Under such trends, multi-screen mobile platforms, business apps and the cloud computing business are among some sectors that are likely to gain traction in 2013, according to the report by the local unit of the Microsoft Corp.The report highlighted the growing importance of multi-screen devices, in which people interchange smartphones and PCs, and multiple
TechnologyJan. 16, 2013
-
iPad mini to hit China this week
HONG KONG (Yonhap News) ― Apple Inc. will start selling the iPad mini in China this week in a bid to consolidate its dominance in China’s growing tablet PC market, company officials said Wednesday.The latest iPad will be released in China Friday, Apple officials said. The release comes one week after Tim Cook, Apple’s CEO, made a visit to the world’s most populous country. He met government officials, business partners, Apple employees and customers during his visit, reports said. The release co
TechnologyJan. 16, 2013
-
NHN may transform into holding firm: sources
Speculations are rising that NHN, the operator of Naver, may transform into a holding company as it is expected to newly establish a subsidiary taking control of its mobile businesses.The creation of a new company focusing on mobile-related projects will reportedly become the main topic of discussion during its board meeting next month.According to industry sources, the new organization, which will be set up as early as March, will be formed as a subsidiary of NHN. It is also projected to be mad
TechnologyJan. 16, 2013
-
NHN, Kakao set for round two
NHN and Kakao are in full preparation mode to face off against each other, this time in content. The fight was ignited when Kakao began attracting a large user base with its mobile messenger service Kakao Talk.NHN, the operator of the country’s top portal Naver, has since then rolled out its own mobile messenger service called Line, attempting to outperform its rival.Although it has had no luck accomplishing that goal in Korea, Line’s global performance has been good, becoming the top mobile mes
TechnologyJan. 16, 2013
-
DRAM prices soar 10% amid concern over short supply
Prices of dynamic random access memory chips have jumped more than 10 percent in recent weeks amid concern that the key parts for personal computers could be in short supply, data showed Wednesday.The fixed price of DDR3 2 Gigabit 256Mx8 1333MHz came to $0.92 in the first half of January, up 10.84 percent from $0.83 in the second half of December, according to the data by market researcher DRAMeXchange.The chip was priced at $4.34 when it was launched in September 2010. Its price plunged to a re
TechnologyJan. 16, 2013
-
Bloomberg jumps into Korean news market
U.S.-based financial news wire agency Bloomberg said Wednesday that it would launch a Korean news wire service this year.“The decision makers (at the headquarters in New York City) made the final decision to provide news covered and written in Korean,” an insider source at Bloomberg’s Korean branch told The Korea Herald. “The service will be applied on the Bloomberg website around June at the earliest or in the second half at the latest.”At present, Bloomberg offers non-English news services in
Jan. 16, 2013
-
Mars rover readies first rock drilling
The Mars rover Curiosity will soon begin to drill into the Red Planet for the first time, mission officials said, ahead of the highly anticipated endeavor.Scientists behind the $2.5 billion mission also explained the nature of the small “Martian flower,” which had caused a lot of buzz online because it was strikingly different from the surrounding rock.Aileen Yingst, of the Planetary Science Institute, said that what could have passed as a flower was in fact a relatively large mineral grain or p
TechnologyJan. 16, 2013
-
Seoul shares remain flat amid lack of momentum
South Korean stocks closed almost flat Wednesday as investors took to the sidelines amid bleak corporate earnings, analysts said. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.94 points, or 0.1 percent to finish at 1,985.68. Trading volume was moderate at 372.1 million shares worth 2.94 trillion won (US$2.77 billion) with decliners outpacing gainers 416 to 365. "It's hard to say corporate earnings have been satisfactor
Jan. 16, 2013
-
Online game ‘ArcheAge’ begins paid service
New online role-playing game “ArcheAge” launched its paid service at 8 a.m. Wednesday, after a two-week free trial period. XLGAMES, developer of the title, launched paid subscriptions for “ArcheAge” earlier last week. According to XLGAMES’s official website, fixed-rates that offer 30-days and 90-days of play time are 19,800 won ($18.74) and 47,500 won ($44.96), respectively. Alternately, players can choose a 30-hour subscription plan which costs 9,900 won ($9.37).XLGAMES has previously presented
TechnologyJan. 16, 2013
-
Facebook posts more memorable than book quotes: study
A study has found that people are more able to remember Facebook posts from their friends than random book quotes or human faces. The study “Major memory for microblogs,” conducted by academics at the University of Warwick and UC San Diego, asked undergraduate students to read posts from their Facebook feeds. They were also given sentences from random books and human faces to memorize. The researchers then asked them to recall the online posts, book quotes and human faces.The result showed stud
TechnologyJan. 16, 2013
-
Japanese airlines ground all Boeing Dreamliners
Japan's two biggest airlines on Wednesday grounded all their Dreamliners in the most serious blow yet to Boeing's troubled next-generation model after an ANA flight was forced into an emergency landing.The 787 Dreamliner has suffered more than a week of bad news that has prompted safety investigations by three national aviation regulators, although Boeing insists the plane is safe.All Nippon Airways -- the world's first carrier to receive the Dreamliner from Boeing after years of delays -- said
IndustryJan. 16, 2013
-
Seoul shares up 0.3 percent in late-morning trade
South Korean stocks traded 0.3 percent higher late Wednesday morning, led by gains in utilities and construction firms, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.96 points to 1,989.70 as of 11:40 a.m.State-run electricity provider Korea Electric Power Corp. climbed more than 2 percent and No. 1 builder Hyundai Engineering & Construction jumped nearly 3 percent. In contrast, tech firms lost ground, with top-cap Samsung Electronics slipping 0.07 percent.The loca
Jan. 16, 2013
-
New ‘flying’ frog discovered in Vietnam
An Australian biologist has described the discovery of a large green “flying” frog in Vietnam that uses its big webbed feet to glide through forests.Writing in the Journal of Herpetology, Jodi Rowley, an amphibian biologist at the Australian Museum in Sydney, told how she and other researchers “came across a huge green frog, sitting on a log,” not far from the capital, Ho Chi Minh City.She later determined the 3.5-inch creature is a relatively large new type of flying frog, a group known for its
TechnologyJan. 16, 2013
-
Super hero-themed vehicles promote fighting hunger
Two super hero-themed vehicles at the auto show in Detroit are there for more than just their flashy looks.The Batman-decorated Kia Optima and the Green Lantern-wrapped Kia Soul are at the South Korean automaker‘s exhibit to promote an effort to fight hunger in Africa. Features include Batman symbols inside and outside on the Optima, and the Green Lantern’s symbol on the Soul‘s wheels.The vehicles were created as part of a partnership involving DC Entertainment. The ``We Can Be Heroes’‘ effort i
MobilityJan. 16, 2013
-
Seoul to launch Naro space rocket between Jan. 30-Feb. 8
South Korea will launch its Korea Space Launch Vehicle-1 (KSLV-1) between Jan. 30 and Feb. 8, a government committee said Wednesday.It will be the country's third attempt to send off the space rocket, also known as Naro, after its two earlier attempts in 2009 and 2010 ended in failures."After reviewing technical issues, the Launch Preparation Committee has decided to push for the third launch of Naro between Jan. 30 and Feb. 8 with the final launch date to be decided later, depending on weather
TechnologyJan. 16, 2013