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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Rapper jailed after public street fight with another rapper
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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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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Healthy eating may help ADHD kids: U.S. study
WASHINGTON (AFP) ― Simply eating healthier may improve the behavior of children with attention deficit hyperactivity disorder if therapy and medication fail, said a study published Monday in the journal Pediatrics.Researchers, however, said that their review of recent controlled scientific studies had shown conflicting evidence on the impact of supplements and restricted diets ― in some cases they were no better than the placebo effect.Nutritional interventions should therefore be considered an
TechnologyJan. 9, 2012
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Consortium to develop Panama copper mine
A South Korean consortium led by state-run Korea Resources Corp. said it will begin development of a Panama copper mine in the first half of this year.The announcement comes after Panama’s environmental protection agency approved development plans for the Cobre Panama mines, in Colon Province 120 kilometers west of Panama City, KORES said in a press release last week.It said the approved environment and social impact assessment comprehensively authorizes the building of roads, ports and a coal-f
IndustryJan. 9, 2012
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Hyundai plastic plant to resume operations
An engineering plastic plant that exploded and caused the death of three workers in August will go back on-line after undergoing repairs, Hyundai EP Co. said.The company said it has been repairing the destroyed polystyrene production facility in Ulsan, 414 kilometers southeast of Seoul, with the plant to be ready for operations by February.The facility is needed to make engineering plastic products.It said both in-house and outside safety reviews have been sought as part of its effort to restart
IndustryJan. 9, 2012
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Hanjin Shipping aims to return to black
Hanjin Shipping Co., South Korea’s top container line, said that it will strive to swing back to the black in 2012 after suffering huge losses last year.The shipper is estimated to have logged a loss of over 800 billion won in 2011, hit by higher fuel costs and falling freight rates.During the fourth quarter of last year alone, Hanjin Shipping is projected to have suffered a loss of some 250 billion won.The shipper’s accumulated net loss and operating loss in the first three quarters of last yea
Jan. 9, 2012
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Korea to offer better biz environment for foreigners
South Korea will beef up efforts to provide a better business environment for foreign enterprises by “actively” reflecting their opinions in its policymaking process, the nation’s finance minister said Monday.“We will actively reflect the opinions of the EU Chamber of Commerce, and make redoubled efforts to improve areas such as investor protection and property rights registration,” Bahk Jae-wan told a meeting with European business people.Bahk promised to push ahead with measures to lower land
Jan. 9, 2012
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Korea, China, Japan to start FTA talks in H1: report
HONG KONG (Yonhap News) ― South Korea, China and Japan will likely start their first round of trilateral free trade negotiations during the first half of this year, a Chinese official said Monday, in a move expected to boost trade among the three export-driven countries. In December, the three countries held their final joint study meeting on the feasibility of a free trade agreement among them.“If there is no strong opposition from inside South Korea, talks on the China-South Korea-Japan FTA wi
Jan. 9, 2012
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Learning global mindset through fun
To compliment English language learning, Vectis CEO Simon Bureau has released a 3-D digital compact disk teaching primary-school children in Korea in a comical way about their place in a future global world.“My message that I’m trying to drive to Korean mothers is that English is not enough, now they need to learn new skills to be global leaders,” he said.The former Canadian Chamber of Commerce chairman explained that today’s children must have three attributes to achieve a global mindset.Firstl
IndustryJan. 9, 2012
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Germany benefits from Korea-EU FTA
Chamber advises SMEs to enter Korean marketGermany is benefiting from the Korea-EU FTA that went into effect in July as its exports to Korea are increasing, a top German chamber official said.“We have already seen some positive effects but not as spectacular as some people might have thought,” said Korean-German Chamber of Commerce and Industry Secretary General Jurgen Wohler.One reason for the not-so-spectacular expectations is the European debt crisis, which is hampering Korean exports to the
Jan. 9, 2012
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Global business innovation lecture
IE Business School is offering a free lecture and networking evening with as guest lecturer, the school’s chair of the Entrepreneurship Management Department.Pablo de Holan is a popular professor of strategy at IE Business School and will present the school’s 4th lecture in a series on global business innovations on Jan. 13 from 7 p.m. at the COEX Convention Center Hall C room 318 A in southern Seoul.Titled “The Giant Within: How Businesses Grow Thru Entrepreneurship and Innovation, A review of
Jan. 9, 2012
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German chamber holds Korean classes
The German Chamber of Commerce will offer Korean language lessons for all its members.The courses take place Jan. 11-March 28 every Wednesday except for holidays from 8:00 ― 9:30 a.m.Classes will be held in the German language by a qualified teacher, Park Hye-sook. The basic level course will be taught at the Korean-German Chamber of Commerce and Industry office in Hannam-dong, Seoul.Cost is 550,000 won for 12 sessions and includes beverages and learning materials. For more information or to reg
Jan. 9, 2012
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AMCHAM to hold foreign investment meeting
The American Chamber of Commerce in Korea will examine regulatory reform and foreign direct investment inducement and aftercare services during their first networking luncheon of the year next week, officials said.The meeting is scheduled to be held on Jan. 19 at the Grand Hyatt Hotel on Namsan. The luncheon includes a speech by Ahn Choong-yong, chairman of the Regulatory Reform Committee and foreign investment ombudsman at Korea Trade-Investment Promotion Agency.“The recent passing of the KORUS
Jan. 9, 2012
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New Park Hyatt GM checks in
The Park Hyatt Seoul has appointed Frederic Boulin as general manager of the hotel. “As the hotel’s new general manager, I will forge ahead with our partners and our talented, devoted team to bring out the unique luxury positioning of the Park Hyatt Seoul,” he said.Boulin has extensive experience in Asia, most notably as executive assistant manager of food and beverages at the Grand Hyatt Seoul in 2002, and with the Grand Hyatt Hong Kong and Shanghai working in the Food and Beverage Development
IndustryJan. 9, 2012
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Germany benefits from Korea-EU FTA
Chamber advises SMEs to enter Korean marketsGermany is benefiting from the Korea-EU FTA that went into effect in July as its exports to Korea are increasing, a top German chamber official said.“We have already seen some positive effects but not as spectacular as some people might have thought,” said Korean-German Chamber of Commerce and Industry Secretary General Jurgen Wohler.One reason for the not-so-spectacular expectations is the European debt crisis, which is hampering Korean exports to the
Jan. 9, 2012
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Koreans to hold off on spending for Seollal: poll
South Korean consumers are likely to spend less or limit buying to last year’s level during the upcoming Lunar New Year holidays, mainly due to higher prices and economic concerns, a local poll showed Monday.The poll, conducted by the Korea Chamber of Commerce and Industry on 600 housewives in Seoul and the Gyeonggi region, showed 92.5 percent saying they will cut down or control their spending in the next few weeks.Of the total, 40.6 percent said they will reduce purchases, with 51.9 percent sa
Jan. 9, 2012
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2011 producer inflation hits 3-year high: BOK
South Korean producer prices grew at the fastest clip in three years in 2011 on a sharp rise in crude oil prices, the central bank said Monday. The producer price index, a barometer of future consumer inflation, rose 6.1 percent on-year in 2011, up sharply from a 3.8 percent gain in 2010, the Bank of Korea said. It marked the highest annual increase since a 8.6 percent surge in 2008.In December, producer prices climbed 4.3 percent from a year earlier, the slowest gain in 15 months, as vegetable
Jan. 9, 2012
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Financial crimes on rise in Korea
The number of serious crimes in South Korea’s financial sector increased last year, data showed Monday, raising the need to bolster countermeasures to prevent investment losses.Of the 209 cases probed for unfair trade practices in 2011, 72.7 percent were referred to the state prosecutors’ office for criminal investigation, according to data by the Financial Supervisory Service. The number represents a gain from 63.3 percent in 2007.The increase was largely led by sharp gains in unfair trading in
Jan. 9, 2012
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KT&G rolls out new superslim cigarettes
KT&G Corp., Korea’s largest tobacco producer, plans to release a new version of its popular Esse brand on Wednesday to cater to growing demand for premium, ultraslim cigarettes. The Esse Sense, the latest in the 17-model lineup, is designed to give a refreshing taste with its space at the tip of the filter to screen out tar and nicotine, the company said Monday.Since its 2002 launch, the Esse has rapidly penetrated markets overseas to become the world’s top seller in the segment as low-tar, supe
IndustryJan. 9, 2012
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‘Korea to offer better environment for foreigners’
South Korea will beef up efforts to provide a better business environment for foreign enterprises by “actively” reflecting their opinions in its policymaking process, the nation’s finance minister said Monday.“We will actively reflect the opinions of the EU Chamber of Commerce, and make redoubled efforts to improve areas such as investor protection and property rights registration,” Bahk Jae-wan told a meeting with European business people.Bahk promised to push ahead with measures to lower land
Jan. 9, 2012
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Retail giants to invest more despite uncertainties
Lotte and Shinsegae hinted at fiercer competition in the retail sector this year as they announced plans for more investment and job creation despite economic uncertainties globally. Lotte Group, the nation’s No. 1 retail conglomerate, will invest 6.73 trillion won ($5.78 billion) and hire 13,500 workers this year to continue last year’s sales momentum. Lotte recorded 73 trillion won in sales last year, up 19 percent compared to 2010. This year’s investment increased almost 50 percent from 2011.
IndustryJan. 9, 2012
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Samsung likely to post record profit this year
Strong smartphone business expected to help Samsung overtake Intel in operating profitSamsung Electronics, Asia’s biggest technology company, is set to post a record profit on strong sales of smartphones, brokerages said Monday. Local securities houses said Samsung is expected to solidify its global market position as a leading provider of smartphones and tablet computers, both of which are enjoying stronger sales worldwide. Daewoo Securities said Samsung’s revenue and operating profit this year
Jan. 9, 2012