Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Yeosu Expo kicks off celebrations
Prime minister to visit the port city to drum up supportEvents marking the start of the 365-day run up to the International Exposition Yeosu Korea 2012 kicked off Tuesday with a concert and celebrations in Yeosu, South Jeolla Province.The three-month expo will be held at the southern port city from May 12, 2012 until Aug. 12. The upcoming expo is the second international exposition held in Korea,
May 10, 2011
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EU firms pledge $510m investment in Korea
Investment focuses on renewable energy and material industriesFive EU-based companies pledged to invest $510 million in Korea, the Ministry of Knowledge Economy announced Tuesday.The pledges ― two memoranda of understanding and three notifications of investment ― were made at an event held in Berlin attended by Minister of Knowledge Economy Choi Joong-kyung.The two memoranda of understanding were
May 10, 2011
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World IT Show highlights media changes
Samsung, LG, KT, SKT to feature gadgets, up-to-date communications technologiesThe 2011 World Information and Technology Show will take place in southern Seoul for four days beginning Wednesday, putting the focus on the new paradigm of multimedia and display.With the theme “Get IT Smart,” the show has prompted the participation of 500 firms, such as well-known local and overseas electronics makers
May 10, 2011
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Smart appliances prepare to find groove
Consumers are attracted by efficiency, but don’t want them to control their livesA refrigerator that’s so smart it automatically updates you on what food should go in the trash. A washing machine that can diagnose its’ own malfunctions and suggest the right fix. These are not home appliances from the next century; they are the gadgets available to the smarter users of today.LG Electronics in April
May 10, 2011
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Renewables major part of world energy
U.N. Climate change panel says 80% of energy needs could be met by renewables by 2050ABU DHABI (AFP) ― Renewable energy could meet nearly 80 percent of the world’s energy needs by mid-century and play a crucial role in fighting global warming, the U.N.’s climate scientists said Monday in a major report. The 194-nation Intergovernmental Panel for Climate Change said renewable sources had grown rapi
May 10, 2011
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Microsoft close to deal for Skype
May 10, 2011
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China’s trade surplus jumps to $11.4 billion
BEIJING (AP) ― China reported an unexpectedly large April trade surplus, likely fueling U.S. pressure over currency controls and market access as American and Chinese officials hold high-level talks in Washington.China’s global trade surplus widened to $11.4 billion as import growth fell amid government efforts to cool an overheated economy and exports rose by nearly 30 percent, data showed Tuesda
May 10, 2011
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Greece hit by new downgrade on debt fears
EU officials say Greece may need more help with debt as S&P downgrades Greek bondsLONDON (AP) ― Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout.Experts from the European Union and the International Monetary Fund
May 10, 2011
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Telecom companies to jointly set up WiFi networks
The wireless Internet connection through WiFi networks in public places is set to improve following joint efforts from the nation’s three telecommunication companies to set up more networks. Industry sources on Monday said the trio ― SK Telecom, KT Corp. and LG Uplus ― has already reached a consensus on the need to jointly establish networks at city halls, airports, train stations and government a
May 9, 2011
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Business tycoons likely to miss FKI meeting
The buzz about the May 19 meeting of the Federation of Korean Industries’ executives has begun to fizzle as industry sources said chiefs of the nation’s top conglomerates are unlikely to attend. Samsung Electronics Chairman Lee Kun-hee, LG Group Chairman Koo Bon-moo, SK Group Chairman Chey Tae-won and Hyundai Motor Chairman Chung Mong-koo have all tentatively notified the FKI that they will not be
May 9, 2011
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SK Chemicals aims for W3tr sales by 2015
Company aims to earn W2tr from green chemicals businessSK Chemicals will aim to make 3 trillion won ($2.8 billion) in sales in 2015, chief executive Kim Chang-geun recently told his company, SK Chemicals said Monday.SK Chemicals is a pharmaceuticals and chemicals maker affiliated to the country’s third largest conglomerate, SK Group. The company currently holds the largest share of Korea’s market
May 9, 2011
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LVMH gains, Gucci declines in brand value
Louis Vuitton, the French maker of laminated canvas handbags, is the world’s most valuable luxury brand for the sixth consecutive year, a research group said. The brand, owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA, has a value of $24.3 billion, an increase of 23 percent from 2010, according to Millward Brown Optimor’s 2011 BrandZ study published Monday. That’s almost as much as the co
May 9, 2011
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LCD panel prices rebound in 20 months
Prices of liquid crystal display (LCD) panels bounced back for the first time in 20 months earlier this month, industry data showed Sunday, signaling that the flat-screen panel industry is set to buck a downturn. The price of 40- to 42-inch LCD panels for TVs stood at US$235 in early May, up $3 from late last month, according to market research firm DisplaySearch. Since peaking at $360 in Septem
May 8, 2011
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POSCO seeks opportunity in South America
POSCO, the world’s fourth-largest steelmaker, is stepping up efforts to expand into South America’s infrastructure and natural resource development projects.On Saturday, POSCO chief executive Chung Joon-yang, who was on a four-day tour of Chile, Ecuador and Honduras, signed a memorandum of understanding with Li3Energy to provide technological and financial collaboration. POSCO chief executive Chun
May 8, 2011
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Yeosu begins 365-day countdown to Expo
A series of colorful events concerning the International Exposition Yeosu Korea 2012 will begin in Yeosu, South Jeolla Province on Tuesday.The three-month long event will be held at the southern port city from May 12, 2012 until Aug. 12.According to the provincial and city governments, and the event’s organizing committee, a celebratory event will be held at a sports stadium in the southern city o
May 8, 2011
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Ministry begins new project for energy experts
The Ministry of Knowledge Economy said Sunday that it will inject 13.6 billion won ($12.5 million) into securing human resources pool for energy-related fields.Under the program, the ministry said it will support higher education institutions to train energy professionals, and help their research efforts.Overall, the ministry estimates that the projects will produce 3,600 energy professionals on a
May 8, 2011
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Android smartphones widen lead in U.S. market
SAN FRANCISCO (AFP) ― Smartphones powered by Google software widened their lead on BlackBerry handsets in the U.S. market during the first three months of the year, industry tracker comScore reported on Friday.Android smartphones dethroned BlackBerry in January by capturing 31.2 percent of the U.S. market and that share grew to 34.7 percent by the end of March, according to comScore. A Samsung Ele
May 8, 2011
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Russian-American buys Warner Music
NEW YORK (AFP) ― Russian-American billionaire Len Blavatnik’s Access Industries won a bidding war on Friday for Warner Music Group, buying the storied music company for $3.3 billion in an all-cash transaction.The sale of Warner Music, whose artists range from current stars such as Eric Clapton and Kid Rock to legends such as Frank Sinatra and Ray Charles, comes at a challenging time for the music
May 8, 2011
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Samsung hires new legal counsel
Samsung Electronics hired Cho Jun-hyung, a lawyer that defended the group in the independent counsel case over Samsung, as the flagship unit’s executive vice president earlier this month.Samsung Electronics confirmed Cho was employed to assist the company’s vice chairman Choi Gee-sung, according to a Samsung official. However, the official said Cho’s exact role at the company was undetermined at t
May 6, 2011
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Fuel prices rise again
A month of 100 won-price cut has little impact and consumer complaints riseRetail fuel prices in Korea are rebounding on high international oil prices, despite refiners’ price cut of 100 won ($0.09) per liter a month ago.The state-run Korea National Oil Corp. attributed this to the rising price of petroleum in the country, predicting that the trend would continue in coming months. The price cut by
May 6, 2011