Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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NHN, Daum accuse Google of antitrust
South Korea’s top two Internet companies asked the country’s antitrust watchdog Friday to investigate Google Inc.’s alleged practice of stifling competition in the country’s mobile search market.NHN Corp., the operator of Naver, South Korea’s most-visited Web search engine and Daum Communications Corp., the Web search runner-up, separately filed complaints against Google with the Fair Trade Commis
April 15, 2011
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Korea to boost mineral recycling
Rising costs, demand call for nation to be self-reliant by reusing wasteSouth Korea is preparing to step up efforts to recycle minerals from used electronics and industrial waste in a bid to secure self-reliant sources of minerals on growing demand, the Ministry of Knowledge Economy said Friday.The process, termed “urban mining,” refers to reclaiming compounds and elements from products and waste
April 15, 2011
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‘Makgeolli beats beer, wine for cancer fighting compound’
Makgeolli, Korean rice wine, contains up to 25 times more farnesol, a compound with anti-tumor properties, research showed Thursday.Farnesol is an alcohol found in a number of substances including essential oils. Research has shown that farnesol has potent anti-tumor properties even in concentrations as low as 5 milligrams per liter.In the latest research, a team led by Korea Food Research Institu
April 14, 2011
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Daum, SK team up against Naver’s dominance
Nation’s smaller portal operators to offer combined servicesOperators of the nation’s smaller two portals Daum and Nate on Thursday signed a strategic pact to offer a seamless combination of their services.“We have decided on this strategic partnership to provide the best available services to our customers,” said Joo Hyung-chul, the chief executive of SK Communications, the operator of Nate. But
April 14, 2011
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Renault Samsung’s new marketing chief
Renault Samsung Motors Co. appointed senior executive managing director Frederic Artaud as the new head of its Sales and Marketing Division on Thursday. Frederic ArtaudBefore the appointment Artaud had been heading the company’s marketing activities since May 2008 within the Sales and Marketing Division.The company said that Artaud was given the new post as part of its reorganization measures aime
April 14, 2011
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Luxury sales grow 27 percent in March
Sales of luxury fashion goods at leading department stores jumped 27 percent on-year in March on retailers’ aggressive expansion and boosted marketing, the Ministry of Knowledge Economy said Thursday. Foods sales at major discount outlets and department stores also rose due to their increased demand and inflation, the ministry said. The proportion of luxury products sales at top department store c
April 14, 2011
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Builders face industry-wide credit crunch
Construction companies fear ‘chain reaction’ of bankruptciesMore mid-sized construction firms are facing business failure as their financing environment deteriorates due to soured project finance loans.Their financing opportunities, such as issuing commercial papers or corporate bonds, are increasingly becoming difficult after industry leaders such as Chinhung International and LIG Engineering & C
April 14, 2011
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Korea to beef up safety of KTX train service
The government will recruit more tech experts and personnel in a bid to beef up the safety of its high-speed train service that has suffered a series of accidents over the past few months, the Transportation Ministry said.The ministry added that the government will operate a safety-management unit independently for the KTX high-speed train service. It will also shorten the period of replacing majo
April 14, 2011
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Hyun named honorary Brazil counselor
Hyundai Group Chairwoman Hyun Jeong-eun has been named honorary counselor for Brazil, the company said Thursday.As a civilian counselor, Hyun said she hopes to play a critical role in facilitating exchange between the two nations during the appointment ceremony at Brazilian Counselor Edmundo Sussumu Fujita’s home in Seoul. Hyun Jeong-eun“We are seeing a surge in all sectors of trade and exchange w
April 14, 2011
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MBC cuts off SkyLife from HD content
The terrestrial broadcaster MBC stopped providing KT SkyLife with high-definition content Thursday, as the two failed to narrow differences over fees for re-broadcasting MBC programs.KT SkyLife is a satellite broadcaster affiliated to the country’s largest fixed-line telecom services provider KT Corp.Following MBC’s move, SkyLife is now broadcasting standard-definition MBC programs for its 620,000
April 14, 2011
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Telecoms irked by free text plan
Regulator under fire for not consulting industry playersThe government’s latest hints that it might try to offer text messaging for free were met with fierce protests from local telecom operators, according to industry watchers. KT Corp., SK Telecom and LG Uplus all appeared to be upset by recent remarks from Choi See-joong, chairman of the Korea Communications Commission, who told lawmakers Wedne
April 14, 2011
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Apple’s white iPhone coming in ‘weeks’
Apple Inc. will begin selling a white model of the iPhone 4 in the next few weeks after a 10- month delay, according to three people familiar with the plans. The new version will be available from AT&T Inc. and Verizon Wireless by the end of April, said one of the people, who asked not to be identified because the plans aren’t public. The release was stalled as Apple resolved manufacturing challen
April 14, 2011
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Hyundai to offer auto finance in U.K., Brazil
Hyundai Motor Group chairman Chung Mong-koo (right) greets Banca Sandanter’s chairman Emilio Botin at the carmaker’s office in Seoul on Wednesday. (Hyundai Motor Group)Hyundai Motor Group will set up auto-financing firms in Brazil and the U.K. in collaboration with Spain-based Banco Santander.Banco Santader is Europe’s largest commercial bank with more than 86 million customers. Hyundai Motor chai
April 13, 2011
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Naver, Daum consider suing Google over mobile search
Korea’s leading portals Naver and Daum, said they would file a complaint to the Fair Trade Commission against Google as early as this week.“We’ve been on the same page on the issue and we’re currently considering asking state authorities to conduct an investigation against Google,” said Daum’s spokeswoman Jung Ji-eun. “We will make the final call (whether to submit the complaint) as early as this
April 13, 2011
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Foreign carmakers make paltry donations
Foreign carmakers made relatively small donations to social causes despite massive improvements in financial figures, data showed Wednesday.According to regulatory filings from the country’s top three foreign carmakers ― BMW Korea, Mercedes-Benz Korea and Audi Volkswagen Korea ― their sales and profits saw significant improvements from 2009.BMW Korea was the top-performing foreign carmaker last ye
April 13, 2011
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Online luxury shops challenge retail giants in growing market
The introduction of new online retail channels is expected to expand the size of the local luxury retail industry appealing to an increasing number of younger shoppers with affordable price and convenience, industry watchers said. Yet they face fierce competition from the market-dominant retail giants and are to overcome credibility concerns typically associated with e-commerce in the country. Wit
April 13, 2011
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Samsung to offer W610b support to vendors
Korea’s biggest conglomerate issues public pledge aiming to prop up partner firmsSamsung Group on Wednesday pledged a number of measures including a 610 billion won ($558.7 million) fund, patent rights and improved payment systems to help promote growth in its smaller vendors and suppliers. Samsung signed an agreement at its Seocho headquarters outlining these and other efforts to become the secon
April 13, 2011
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IEA warns oil prices could hit growth
'Oil prices above $100 hurt global economy, demand outlook stable'The International Energy Agency maintained its outlook for global oil demand in 2011, while warning that prices above $100 a barrel are starting to hurt the global economy. Worldwide oil consumption will increase by 1.4 million barrels a day, or 1.6 percent, this year to average 89.4 million a day, the Paris-based adviser said Tuesd
April 13, 2011
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Kim named new Korea Post head
Korea Post named Kim Myong-ryong, 54, the organization’s former director of strategy and management, its new president, the Ministry of Knowledge Economy said Monday. Kim Myong-ryongKim is an experienced public administrator whose career background covers multiple positions at the knowledge economy ministry ― formerly Ministry of Information and Communication ― and Korea Post.Born in Seoul, Kim e
April 12, 2011
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Shinsegae upscale outlet faces curbs
Shinsegae Corp.’s new premium outlet in Paju, north of Seoul, could face government restrictions after smaller retailers protested that it hurts their businesses.The Small and Medium Business Administration launched an inquiry on Monday to determine the scale of damage sustained by small- and medium-sized discount outlets in the area since Shinsegae Chelsea opened on March 18.The smaller stores cl
April 12, 2011