Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Ohio man's fossil find in Kentucky stumps experts
(AP photo)Experts are trying to figure out what a fossil dubbed "Godzillus" used to be.The 150-pound fossil recovered last year in northern Kentucky is more than 6 feet long and 3 feet wide. To the untrained eye, it looks like a bunch of rocks or a concrete blob. Experts are trying to determine whether it was an animal, mineral or a form of plant life from a time when the Cincinnati region was und
TechnologyMay 24, 2012
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Babies of smoking moms get help from vitamin C
Pulmonary function of babies born to women who smoked during pregnancy was significantly improved if the women took vitamin C, U.S. researchers say.Dr. Cindy McEvoy, associate professor of pediatrics at Oregon Health & Science University Doernbecher Children's Hospital, said the study involved newborns of 159 smokers and randomized them to daily vitamin C -- 500 milligrams or placebo -- before 22
TechnologyMay 24, 2012
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Racing models highlight Busan motor show
The Busan International Motor Show 2012 kicked off at BEXCO in Busan, with glamorous racing models highlighting the press-only event on Thursday.While chief executives of global carmakers are scheduled to hold a series of press conferences Thursday, the auto fair will be open to the public for 10 days starting Friday. This year’s fair will be the largest ever. It will showcase 173 vehicles, encomp
MobilityMay 24, 2012
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Angry Diablo 3 users demand refund over server lag
The highly celebrated launch of online game Diablo 3 is rapidly turning into a consumer nightmare as thousands of users are demanding refund over server lags.South Korea’s Fair Trade Commission official said Wednesday it has received between 111 and 175 Diablo 3-related complaints per day in the past few days, according to news reports. The official added that the average number complaints received every day is about 150.The Fair Trade Commission vowed it will "look into the situation," but did
May 24, 2012
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Hanwha wins record-high order in Iraq
Construction firm set to sign $8 billion housing deal in IraqHanwha Group has secured new growth potential in the overseas market as its construction unit has won the order for a new town supply in Iraq.The Iraqi government recently endorsed the business deal under which Hanwha Engineering & Construction will build 100,000 houses in Bismayah, which is scheduled to be a satellite city of Baghdad.It
IndustryMay 24, 2012
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Men's death risk rises in extramarital sex
So-called sudden coital death is more common when a man has sex with a mistress outside than when he had sex with his wife, researchers in Italy said.(MCT)Dr. Alessandra Fisher of the University of Florence and colleagues reviewed existing research on the context in which men experience sudden death during or after sex.They found both fatal and non-fatal heart attacks were relatively rare when a m
TechnologyMay 24, 2012
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Japan’s April trade deficit grows to $6.5b
TOKYO (AFP) ― Japan logged a bigger-than-expected trade deficit of 520.3 billion yen ($6.5 billion) in April as higher energy costs pushed up imports, the finance ministry said Wednesday.The deficit was larger than a shortfall of 477.7 billion yen registered in April 2011, a month after Japan was hit by a huge earthquake and tsunami which battered the world’s third-largest economy.It was also bigger than the 470 billion yen deficit expected by economists.Exports in April rose 7.9 percent from a
TechnologyMay 23, 2012
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KT provides ‘3W plus LTE’ network services at Yeosu Expo
Visitors experience KT’s ‘Olleh’ anytime, anywhere in YeosuKT is pulling out all the stops to make sure visitors to the Yeosu Expo have access to high-speed Internet anywhere they go during the three-month event.The Korean mobile carrier, chosen as the international event’s main telecommunications service provider, has implemented the “3W plus LTE” strategy for the Expo. This refers to providing the fastest-ever wireless services in 3G WCDMA, Wibro and WiFi as “3W,” as well as long-term evolutio
TechnologyMay 23, 2012
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Seoul announces package of steps to cut consumption
The government revealed plans on Wednesday to cut the nation’s oil consumption from 40 percent of all energy use to about 33 percent by 2015.It also plans to extend tax benefits for owners of hybrid and mini cars and support the research and development field for green cars, including highly efficient engines and electronic cars. The government disclosed these and other plans on Wednesday after an economic crisis management meeting at Gwacheon Government Complex. The plans aim to lessen the burd
May 23, 2012
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Local refiners shift to Africa, Europe to get stable supply
Korean oil refiners are striving to either diversify crude oil import sources or expand the scope of trade contracts in advance of a possible ban on oil imports from Iran.Among the alternative sources of crude oil are countries in Africa and Europe, according to the Korean National Oil Corp.KNOC data showed Wednesday that the nation recently imported about 1.7 million barrels from Gabon. This was the first time in more than two years since Korea imported Gabonese oil in December 2009.Imports fro
IndustryMay 23, 2012
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Samsung increases its share in China’s smartphone market
HONG KONG (Yonhap News) ― South Korean tech giant Samsung Electronics Co. boosted its share of the Chinese smartphone market in the first quarter, retaining the top-vendor status, a report showed Wednesday.According to the report by Woori Investment and Securities Co., Samsung claimed an estimated 28 percent of the Chinese smartphone market in the January-March period, up from 24 percent three months earlier.Samsung’s sales volume in the Chinese smartphone market, the world’s biggest, grew to 9
TechnologyMay 23, 2012
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Samsung executives to report patent talk results this week
Samsung Electronics’ top executives who met Apple’s Tim Cook in the United States on the issue of patents are expected to return to Seoul this week as chairman Lee Kun-hee is also projected to arrive in Seoul, officials said.A Samsung executive said Wednesday that the results of the patent talks with Apple may be known when the firm’s vice chairman Choi Gee-sung and mobile chief Shin Jong-kyun return to the country Friday.Lee is also reportedly heading back to Seoul after visiting Europe to watc
IndustryMay 23, 2012
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More Korean and foreign firms join bid for ING Life
KB Financial Group, Korea Life Insurance and several foreign bidders, including Hong Kong’s AIA Group, have jumped into the contest to acquire ING Group’s Asian insurance business.Samsung Life, Prudential and Kyobo Life, which had previously expressed interest in ING Life, did not submit letters of intent in the preliminary bid last week.Analysts expect the price tag for the Netherlands-based financial group’s Asia-Pacific operations to rise above $7 billion, which would make it the largest-ever
May 23, 2012
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High-end technologies highlight Busan Auto Show opening Friday
The Busan International Motor Show 2012 will kick off on Thursday at BEXCO in Busan, and will feature global green car technologies, organizers said. While chief executives of global carmakers are scheduled to hold a series of press conferences Thursday, the auto fair will be open to the public for 10 days starting Friday. This year’s fair is expected to be 62 percent larger compared to the previous show in 2010 and be the largest ever. The event will feature a group of futuristic, eco-friendly
MobilityMay 23, 2012
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External risks dent Korean economy: Bahk
The South Korean economy is faced with increasing uncertainty due to external downside risks such as Greece’s possible exit from the eurozone and international sanctions against Iran, Seoul’s top economic policymaker said Wednesday.In a weekly meeting of senior economic officials, Finance Minister Bahk Jae-wan said external uncertainties have disrupted the steady pace of the country’s recovery.“There has been an easing of jitters coming into this week, but the global financial market remains uns
May 23, 2012
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Korean investment in China drops sharply
South Korean direct investment in China fell more than 5 percent annually over the past five years, a report showed Wednesday, stoking concern over weaker market presence in the world’s second-largest economy.According to the report by the Korea Center for International Finance, South Korean companies’ direct investment in China shrank at an average annual rate of 5.4 percent between 2007-2012.The decline caused the percentage of South Korea’s direct investment in China to fall from 5.4 percent
May 23, 2012
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Shares fall 1.1% on pre-summit eurozone gloom
South Korean stocks fell 1.1 percent Wednesday on concerns a European Union summit meeting will not be able to resolve mounting eurozone woes and concerns Greece may default, analysts said. The local currency fell against the U.S. dollar.EU leaders were scheduled to meet for an informal summit in Brussels on Wednesday, local time.The benchmark Korea Composite Stock Price Index lost 20.07 points to 1,808.62, snapping a two-day gaining streak.Trading volume was moderate at 438 million shares worth
May 23, 2012
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European funds account for 72% of capital outflow
European funds accounted for 72.4 percent of all money that left South Korea this month amid mounting market jitters over a Greek exit from the eurozone, the financial regulator said Wednesday.According to the Financial Supervisory Service, British and other European funds sold off various holdings worth 2.38 trillion won ($2.03 billion) in the first 21 days of this month.Overall, foreign investors withdrew a net 3.29 trillion won in funds during the same period, with U.S. investors withdrawing
May 23, 2012
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Prosecutors raid Hana Capital office
Investigators raided Hana Capital headquarters in southern Seoul on Wednesday over allegations of a suspicious deal with the troubled Mirae Savings Bank, news reports said.The search of the financial firm, one of affiliates of Hana Financial Group, came after Mirae Savings Bank chairman Kim Chan-kyung’s testimony to the prosecution that former Hana group chairman Kim Seung-yu was involved in a paid-in capital increase of the savings bank last September, the reports said.Kim Chan-kyung was arrest
May 23, 2012
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Korea, Paraguay agree open-skies accord
South Korea and Paraguay reached an open-skies accord on Tuesday to meet future two-way demand for passengers and cargo, the Seoul government said.Under the agreement, South Korean airlines will be allowed to fly an unlimited number of times to the South American country, the Ministry of Land, Transport and Maritime Affairs said. At present, there are no direct flights linking the two countries.At the talks held in Seoul, both sides concurred that the pact will help fuel personnel exchange and f
May 23, 2012