Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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[Music in drama] Rekindle a love that slipped through your fingers
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Hopes rise for possible Gaza truce deal
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Korean aviation market to grow rapidly in next decades: Airbus
South Korea’s air transportation market will see robust growth in the next two decades largely due to growing demand for large-size aircraft for passenger traffic, a European aerospace company said Monday.“We foresee that the South Korean aviation market will have a demand for 382 new aircraft over
Oct. 17, 2011
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Budget airlines gear up for takeoff
Price war heats up as low-cost carriers expand international flight servicesLee Eun-young, a 27-year-old office worker, has longed to backpack overseas since college but her tight budget kept her stuck in Seoul even after getting a job. But it was a low-cost airline that quenched her thirst for an o
Oct. 17, 2011
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Suspected hacker in Hyundai Capital incident arrested in Philippines
SEOUL, Oct. 17 (Yonhap) -- A suspected hacker wanted on suspicion of stealing customer data earlier this year from Hyundai Capital, an affiliate of South Korea's top automaker, has recently been arrested in the Philippines, police here said Monday.The 35-year-old man, identified only by his surname
Oct. 17, 2011
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Samsung files suits against Apple in Japan, Australia
SEOUL, Oct. 17 (Yonhap) -- Samsung Electronics Co. said Monday that it asked judges in Japan and Australia to temporarily ban sales of the iPhone 4S, accusing Apple Inc. of violating its mobile and user interface patents.In Japan, Samsung is also seeking to win a court injunction on the iPad 2
Oct. 17, 2011
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Korean firms' direct financing slips in Sept.
SEOUL, Oct. 17 (Yonhap) -- South Korean companies' direct financing marginally declined in September from a month earlier as companies scaled back their debt sales, the financial watchdog said Monday.Local firms raised 10.4 trillion won (US$9 billion) by issuing stocks and bonds last month, down 27.
Oct. 17, 2011
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S. Korean firms face cash crunch amid financial turmoil
SEOUL, Oct. 17 (Yonhap) -- The bulk of South Korea's large companies are confronted with worsening liquidity conditions as a result of global economic uncertainty, data showed Monday.The annual excess cash flow forecast of 83 listed companies reached 43 trillion won (US$37 billion), nearly halving f
Oct. 17, 2011
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Tesco-Homeplus Academy to nurture global retail leaders
INCHEON ― The Tesco-Homeplus Academy will offer the highest standard of retail education programs, Homeplus CEO Lee Seung-han said Friday, celebrating the 100th day of the employee training institute in Korea. Homeplus, the nation’s No. 2 supermarket chain, started in 1999 as a joint venture between
Oct. 16, 2011
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SK to work with Chinese company on depression meds
SK Biopharmaceuticals Co. announced Sunday that it signed a licensing deal with a Chinese pharmaceuticals maker on a potential treatment for depression and bipolar disorder. Established in April, SK Biopharmaceuticals is a subsidiary of the SK Group’s holdings company SK Corp. Under the contract, SK
Oct. 16, 2011
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Firms develop ‘socially responsible’ products
Maeil, CJ, Amore Pacific make special products for minorities as part of CSRChung Hye-jin discovered her baby daughter had phenylketonuria, or PKU, 12 years ago. The rare disease affects only one in 60,000 babies here. In order to avoid damage to the brain, people with PKU should adhere to a strict
Oct. 16, 2011
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Korea to send mobile alerts in case of power shortage
South Korea’s state-run power company said Sunday that it will send mobile text messages to the public in the event of low electricity reserves in a bid to swiftly alert people to potential power outages.The move comes one month after the country was caught off guard by one of the worst power cuts i
Oct. 16, 2011
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Garuda targets Korean travelers
Indonesian airline adds new flights, hires Korean flight attendantsJAKARTA ― Garuda Indonesia, after years of concentration on safety improvements, is preparing to aggressively target Korean passengers, adding new flights and hiring Korean flight attendants. “Korea is a prospective market for us. Bu
Oct. 16, 2011
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Samsung-Apple war enters new phase
Samsung is likely to have turnaround opportunity in long term: sourcesWhile the debate surrounding the global patent war staged by Samsung Electronics and Apple Inc. is garnering wide attention, industry watchers say Samsung has a good chance of creating a turnaround even after its three defeats aga
Oct. 16, 2011
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With Netherlands ruling, Samsung's patent offensive against Apple hits snag
SEOUL, Oct. 15 (Yonhap) -- Samsung Electronics Co.'s patent offensive against its rival Apple Inc. hit a snag after a Dutch court on Friday (Korea time) rejected the Korean firm's injunction to ban sales of the U.S. company's iPhones and iPads.The ruling by the district court in the Hague may pose p
Oct. 15, 2011
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Dutch court rejects Samsung's injunction claim against Apple
BRUSSELS, Oct. 14 (Yonhap) -- A Dutch court on Thursday denied an injunction request filed by Samsung Electronics Co. to ban its rival Apple Inc. from selling iPhones and iPad tablets in the Netherlands.The district court in the Hague rejected Samsung's claims that Apple infringed on its 3G mobile t
Oct. 15, 2011
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LG Electronics wins tech-related awards
LG Electronics said Friday it received two different awards for technology standardization and marketing skills.As part of the World Standards Day 2011, the company was granted the presidential award from the Korean Standards Association for contributing to technology standardization, according to L
Oct. 14, 2011
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Booyoung to donate $3m to Habitat
Booyoung Group said Friday it has signed an agreement to support the United Nations’ human settlements program. Under the deal, the construction-centered Korean corporation will provide $3 million over the next decade to help urban development and habitat improvement in Africa.“With the funds, we wi
Oct. 14, 2011
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Samsung, LG Electronics under investigation for price-fixing
Korea’s two largest electronics firms Samsung Electronics Co. and LG Electronics Inc. are under investigations by the Fair Trade Commission for allegedly fixing prices of TVs and laptops, Yonhap News Agency reported Thursday. The watchdog is said to have started reviewing sales documents and related
Oct. 13, 2011
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Moody’s lowers LGE’s outlook to negative
Moody’s Investors Service lowered the outlook for LG Electronics from stable to negative on Thursday, citing the firm’s weakened position in the handset business and the uncertain global economy.With economic uncertainty leading to weakness in profitability and credit metrics, LG Electronics’ rating
Oct. 13, 2011
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CJ files suit to allow generic Viagra
Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
Oct. 13, 2011
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EU trade chief sees better eurozone next month
The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
Oct. 13, 2011