Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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[Music in drama] An ode to childhood trauma
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Daum 2010 net nearly quadruples
Daum Communications Corp., the operator of Korea’s second-most visited search engine, said Tuesday that its earnings almost quadrupled last year from a year earlier on increased ad-based revenue.Net profit reached 112 billion won ($99.7 million) last year, compared with 31 billion won a year earlier, the company said in a regulatory filing.Sales soared 44 percent on-year to a record 346 billion wo
Feb. 15, 2011
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MS says to bring full power of Web to phones
Multitasking, speedy IE9 coming to windows phoneBARCELONA (AFP) ― Microsoft announced Monday an Internet-friendly revamp of its Windows Phone operating system to help capture new territory in the smartphone wars.Microsoft chief Steve Ballmer unveiled a series of improvements this year to Windows Phone, which got a major boost last week when it was adopted by leading handphone maker Nokia.The softw
Feb. 15, 2011
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EU ministers agree on larger bailout fund
Eurozone to put up $674b for post-2013 bailout fund, disagreement over debt crisisBRUSSELS (AP) ― European finance ministers decided Monday to provide 500 billion euros ($674 billion) for a new crisis fund that will come into force in 2013, but continued to fight over the best way to combat the current debt crisis that has crippled the eurozone over the past year.The ministers “agreed on the provi
Feb. 15, 2011
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Hyundai Heavy adds to SMEs R&D support
The world’s largest shipbuilder Hyundai Heavy Industries announced on Tuesday that it would set up a 30 billion won ($27 million) fund for supporting small and medium sized enterprises’ research and development efforts in collaboration with the Small and Medium Business Administration.The shipbuilder and the Small and Medium Business Administration will each be responsible for raising 15 billion w
Feb. 15, 2011
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Samsung to release low-end smartphone
Device will be priced below $150; company aims to sell 300m cell phones, 7.5m tablet PCs and 6m samrtphones this yearBARCELONA, Spain (Yonhap News) ― Samsung Electronics Co., the world’s No. 2 cell phone supplier, plans to release a cheaper smartphone in an effort to sharply boost its smartphone sales by meeting rising demand for lower-end phones, its mobile chief said Monday. “This year, we will
Feb. 15, 2011
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Apple developing smaller, cheaper iPhones: report
WASHINGTON (AFP) ― Apple is developing new lines of smaller and cheaper iPhones and overhauling its software to facilitate users’ access to entertainment, photos and video, The Wall Street Journal reported Sunday.The new device ― code-named “N97” ― will be about half the size of the iPhone 4 and cost about half as much as Apple’s main line of iPhones, the Journal said, citing a person who saw a pr
Feb. 14, 2011
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Korea Resources, Daewoo submit bid for Australian coal miner
Daewoo International Corp., the trading company controlled by Posco, and Korea Resources Corp. made an initial bid for Whitehaven Coal Ltd., an Australian producer with a market value of A$3.6 billion ($3.6 billion).State-run Korea Resources is leading the bid, Kim Beom-suk, a spokesman for Daewoo International said Monday by phone. The offer was confirmed by Kang Shin Young, a spokesman for Seoul
Feb. 14, 2011
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LG to help nurture bilingual specialists
LG Group said Monday that it would provide bilingual education to 400 children from multicultural backgrounds.In a joint effort with Hankuk University of Foreign Studies, the country’s fourth-largest conglomerate said that it would offer online bilingual education programs to 300 Chinese and 100 Vietnamese elementary school students this year.The group supported about 70 children from multicultura
Feb. 14, 2011
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Hanjin Heavy to close over labor dispute
Shares in Hanjin Heavy Industries & Construction tumbled on Monday after the Korean shipbuilder said it decided to shut down three operations in Korea due to labor strife. Hanjin said in a statement that it had submitted reports to local governments that it would close one shipyard and two plants, saying ongoing strike activity since 2009 had hampered its production.Hanjin, the only unprofitable s
Feb. 14, 2011
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Global telecoms closer to offering open mobile app platform
Major telecoms, including Korea’s KT Corp. and SK Telecom, have moved a step closer to commercializing an open mobile applications platform established by a multinational alliance of telecoms and device manufacturers.At the global mobile industry show which launched in Barcelona Monday, local mobile carriers KT and SKT demonstrated some of their to-be-commercialized applications that follow the gl
Feb. 14, 2011
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Kolon to merge with subsidiary
Kolon Industries Co., a Korean textile maker, plans to buy the shares in subsidiary Cambridge Kolon Co. on the market that it doesn’t own.Cambridge Kolon owners will get 782,580 shares of the merged company, or 0.16 share for every one of the existing securities, on May 16, Kolon said in a regulatory filing on Monday. (Bloomberg)
Feb. 14, 2011
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China profits from solar-power plan
China, the world’s biggest electricity consumer, is figuring out how to capture a larger share of the solar-energy market without losing money. The government will spend at least a year studying Europe’s system of paying above-market prices for solar power before deciding if there’s a better way to spur clean-energy plants across China, said Wu Dacheng, an adviser to national power regulators. The
Feb. 14, 2011
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Samsung unveils upgraded Galaxy S, Galaxy Tab
Samsung Electronics unveiled the upgraded versions of its flagship smartphone Galaxy S and its tablet PC Galaxy Tab in an event one day before the launch of the global mobile industry show in Barcelona on Sunday.In an event called the “Samsung Mobile Unpack,” the world’s second-largest handset maker presented Galaxy S 2 and Galaxy Tab 10.1, while designating 2011 as the year of smart mobile device
Feb. 13, 2011
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Milk shortage from FMD affecting local industries
A nationwide milk shortage caused by the severest foot-and-mouth disease outbreak in Korea’s history is affecting local confectionery and dairy industries, corporate sources said Sunday.Sources from Seoul Milk, Namyang Dairy Product Co. and the Korea Bakers Association said that as of December, the reserves of powdered skim milk stood at just 938 tons or a 77.3 percent drop from 4,137 tons reporte
Feb. 13, 2011
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Toyota said to cut board by half in biggest shake up in 8 years
Toyota Motor Corp., the world’s largest automaker, plans to cut its board to at least 17 members from the current 27 to improve decision-making after a series of product recalls in its biggest management reorganization in 8 years, two people familiar with the company’s plan said. Toyota currently has 27 directors, including the chairman, president, six executive vice presidents and 15 senior manag
Feb. 13, 2011
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GM, Chrysler plan 50% bonus to execs
General Motors Co. and Chrysler Group LLC, which each received government-funded bailouts, may award some managers bonuses of as much as 50 percent of their salary, said four people familiar with the plans. GM plans to pay bonuses to most managers equal to 15 percent to 20 percent of their annual salary and as high as 50 percent to less than 1 percent of its 26,000 U.S. salaried employees, said on
Feb. 13, 2011
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S. Korean mobile carriers to showcase 4G technology solutions in Spain
BARCELONA, Spain (Yonhap) -- South Korean mobile carriers are set to demonstrate in Spain their solutions to the surge in data traffic with fewer base stations and lesser costs, carriers said Sunday. (Yonhap News)KT Corp. and SK Telecom Co. said they can shrink the amount of initial network investment and operation fees with their latest cloud-based long term evolution (LTE) technology, the fourt
Feb. 13, 2011
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Hyundai begins marketing programs for Veloster
Hyundai Motor Co. said Thursday it has launched a marketing program for the Veloster sports coupe releasing limited information about its engine and features. The vehicle will be launched on the local market within the month.The Veloster has an asymmetrical layout ― one door on the driver’s side, and two on the passenger side ― marking Hyundai’s first breaking away from traditional designs. The ve
Feb. 10, 2011
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IMF ignored warnings: report
WASHINGTON (AFP) ― The IMF ignored warnings about the financial crisis from its own top economist and acted like cheerleader for the U.S. economy rather than monitoring it, according to a scathing watchdog report published on Wednesday.The International Monetary Fund “failed to highlight the relevant vulnerabilities” in the U.S. financial system in the run up to the 2008 crisis, according to a 51-
Feb. 10, 2011
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SK Innovation to focus on new markets, tech revolution
SK Innovation Co. CEO Koo Ja-young said Thursday that the firm will speed up the technology revolution and investments in new growth engines with a sales target of 5 trillion won ($4.4 billion) by 2015.The firm, parent of the nation’s biggest oil refiner SK Energy, spun-off of its petroleum and petrochemical operations on Jan. 1. Koo saw the future of the firm in world-leading technologies such as
Feb. 10, 2011