Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Hankook Tire breaks ground for new plant in Indonesia
Hankook Tire Co., Korea's largest tire maker, said Thursday it began construction of a new plant in Indonesia to increase its presence in the Southeast Asian country and other growing markets in the region.The plant in the Jakarta suburb of Bekasi will be the company's seventh and will cost $350 million for the first phase of its construction, the company said.The construction will be completed by
June 9, 2011
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Facebook under fire for photo tagging feature
WASHINGTON, June 8, 2011 (AFP) - Facebook is coming under fire for a feature that uses facial recognition software to allow members to tag pictures of their friends on the social network.The "Tag Suggestions" feature made its debut on Facebook in the United States six months ago but has drawn renewed attention this week after the social network began rolling it out to other countries.Justin Mi
June 9, 2011
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Samsung’s Lee rages at internal corruption
Samsung Techwin president resigns over undisclosed corruptionSamsung Electronics chairman Lee Kun-hee stressed the need to beef up the company’s auditing functions in the aftermath of a corruption scandal at a Samsung affiliate that led to the resignation of its chief executive.“The unblemished image of Samsung’s organizational culture has been marred,” the Samsung Group owner said. Lee expressed
June 8, 2011
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Koreans most inclined to buy smartphones
Koreans are the most eager among global consumers to purchase a smartphone, Nielsen, a global information research firm, said on Wednesday.Half of South Korean consumers without the smart device responded in a survey by Nielsen that they would purchase a smartphone in the future.The figure was the highest among global consumers also surveyed by Nielsen, the company said.About one-fifth of the 50 m
June 8, 2011
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Samsung showcases high-quality solar cell technology at German fair
Samsung Electronics is featuring high-quality solar cell technology at the Intersolar Europe 2011 held in Munich, Germany, from June 8-10.Under the catchphrase of “Samsung Delivers High Efficiency,” the company presented solar modules, which were made through screen-printed solar cells, according to Samsung officials.It will show 260-watt crystalline white commercial module and 250-watt premium bl
June 8, 2011
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POSCO buys stakes in U.S. nanocarbon manufacturer
POSCO announced Wednesday it has acquired control of U.S. graphene nanoplate manufacturer XG Sciences, boosting the world’s fourth-largest steelmaker’s bid to transform into an all-round materials developer. Graphene is a transparent nano-carbon material that has electric conductivity and flexibility. It is widely used as an electrode in various industrial materials, energy and electronic devices.
June 8, 2011
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LG Electronics to hire more disabled people
LG Electronics said Wednesday that it will hire up to 800 disabled people by next year, double its existing number of disabled staff.The hiring will be part of the company’s plan to employ workers in the fields of research and development, production, marketing and business support until June 15. Applications will be accepted at the firm’s website (www.lge.co.kr).“LG Electronics expects to meet th
June 8, 2011
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City car sales rise to record on fuel prices
City car sales rose to a new record during the first five months of the year, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association, 75,495 units of city cars ― automobiles with engine displacements of up to 1 liter ― were sold here during the first five months of the year.Compared to the same period last year, the figure is an increase of 16.4 percent. In com
June 8, 2011
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Hyundai, Samsung shipyards clash in drillship market
(Left) Hyundai Heavy Industries CEO Lee Jai-seong(Right) Samsung Heavy Industries CEO Roh In-sikKorean shipbuilders dominate global market with Hyundai Heavy challenging SamsungThe competition in the market for drillships is heating up with Hyundai Heavy Industries Co. threatening Samsung Heavy Industries Co.’s dominance. As drillships represent something of a golden egg for shipbuilders, a drills
June 8, 2011
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Nintendo debuts Wii successor
LOS ANGELES (AP) ― Nintendo has introduced the world to the Wii’s touchy new big brother: the Wii U.The Japanese gaming giant on Tuesday unveiled the Wii video game console’s successor, which will broadcast high-definition video and feature a touchscreen controller that can detect motion and interact with what appears on a television display. Satoru Iwata, president of Nintendo Co., introduces the
June 8, 2011
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Obama warns on debt at Merkel talks
WASHINGTON (AFP) ― U.S. President Barack Obama warned Europe’s debt crisis must not destabilize the global economy, as he laid on an effusive White House welcome for German Chancellor Angela Merkel.Obama and Merkel had extensive talks about the plight of debt-stricken Greece, which needs a second huge financial bailout, despite some reluctance from some eurozone members to stump up fresh funds.“I
June 8, 2011
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Diamond Jubilee blended scotch whisky
To mark the Queen's diamond jubilee in 2012, the world's biggest drinks company said it plans to produce a limited edition scotch whisky costing £100,000 ($152,465) a bottle. John Walker & Sons said the limited edition of 60 crystal decanters of `Diamond Jubilee Blended Scotch Whisky by John Walker & Sons` is a unique blend of whiskies distilled in 1952 and finished in a marrying cask of English o
June 8, 2011
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POSCO begins works on synthetic gas plant
Works on the country’s first plant for producing synthetic natural gas got underway at POSCO’s steelworks in Gwangyang, South Jeolla Province on Tuesday.Synthetic natural gas is a synthetic fuel with an identical composition to natural gas. It is produced by gasifying coal under high pressure and temperature.The plant is scheduled for completion at the end of 2013, and will be capable of producing
June 7, 2011
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S&P ups outlook for Hyundai Motor
Standard & Poor’s revised its rating outlook for Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. to positive from stable, the ratings company said in a statement Tuesday.“The positive outlooks reflect our view that the four companies will continue to enhance their financial profiles, through stronger market positions and improved profitability.” The outlook revision came as Hyundai and K
June 7, 2011
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KT chief receives IT award
KT chairman Lee Suk-chae (center) receives the IEEE Distinguished Industry Leader Award in Kyoto on Tuesday. At right is IEEE fellow Lee Byung-ki and at left is head judge Vincent Poor. (KT Corp.)KT chairman Lee Suk-chae received the IEEE Distinguished Industry Leader Award on Tuesday, which is considered to be one of the most prestigious awards in the field of information and technology.Given by
June 7, 2011
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Groupon CEO still looking to expand overseas
The head of Groupon Inc. said Tuesday that the operator of the world’s largest daily discount website is seeking to enter overseas markets to further grow its business outside the United States.Groupon has expanded its business into 46 countries less than three years after its launch as the business model of linking local merchants with customers through half-priced deals turned out to be popular.
June 7, 2011
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Korea’s IT exports gain 4.7% in May
Korea’s exports of information technology products gained 4.7 percent on-year in May on steady global demand for mobile phones and rechargeable batteries, the government said Tuesday.The country shipped $13.38 billion worth of IT products abroad last month, despite stiff foreign competition and a general drop in demand caused by fewer people buying electronic products in springtime, the Ministry o
June 7, 2011
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LGE aims at 40% of Middle East, African markets
LG Electronic launched its Cinema 3-D televisions at Ferrari World, the world’s largest theme park in Abu Dhabi on Monday to mark its foray into the Middle East and Africa, the Seoul-based company said Tuesday. The electronics maker is now aiming for a 40 percent market share of the 3-D industry in the region. “We believe that our products will be able to offer distinguished, next generation 3-D t
June 7, 2011
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Seoul eyes 18% of global green energy market
Knowledge Ministry reveals road map for developing eco-friendly energy resourcesThe Ministry of Knowledge Economy on Tuesday revealed a roadmap for developing eco-friendly energy resources aiming to create 1.5 million jobs and cut carbon dioxide emissions by 210 million metric tons by 2030.The roadmap also lays out plans to create a 94 trillion won ($87 billion) domestic market and exports of 328
June 7, 2011
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Experts emphasize R&D for growth, integration
Academics and leaders in the industrial and public sectors around the world underscored Tuesday the significance of research and development in securing sustainable, mutual growth.Around 500 officials and experts in science and technology from more than 10 countries took part in the Global R&D Forum 2011 hosted by the Ministry of Knowledge Economy in Seoul. International scholars and experts atte
June 7, 2011