Iran may boycott Korean products
If Korea complies with the European Union sanctions, Iran will consider halting all South Korean imports in response, Iran’s ambassador warned Wednesday. In an interview with Yonhap News Agency, Ambassador Ahmad Masumifar said Tehran “may decide to fully stop importing Korean goods” in protest against Seoul’s decision. The decision will also be seen as “serious […]
Apple wins ruling for Tab sale ban
A U.S. judge ordered Samsung to stop selling its Galaxy 10.1 tablet computer in America Wednesday (KST), issuing a preliminary injunction in a ruling on Apple’s patent lawsuit. The ruling came a week after the Korean firm won a ruling for the first time against Apple in the Netherlands. Judge Lucy H. Koh of the […]
Samsung, LG lose secret panel knowhow
Key display panel production technology of Samsung and LG has been leaked overseas through a subcontractor, presumably to a Chinese display giant. The Seoul Central District Prosecutors’ Office arrested and indicted three Korean workers at the Korean branch of Orbotech, an Israel-based company supplying display testing equipment, Wednesday, on charges of leaking the technologies of […]
‘Comfort women’ to sue Japan’s ultra-right activist
The last-remaining “comfort women,” who were forced to serve as sex slaves under Japanese colonial rule (1910-1945), plan to take legal action against Japanese right-wing activist Nobuyuki Suzuki. Suzuki last week provoked public anger here by tying a wooden stake to the statue of a young comfort woman erected in front of Japanese embassy in […]
Asian nations seek to boost cooperation in legislation
Over 1,500 delegates, including justice ministers and legal experts from 20 Asian countries kicked off a three-day forum in Korea on Wednesday to strengthen cooperation in legislation. The Ministry of Government Legislation is hosting the Asian Forum of Legislative Information Affairs at KINTEX in Goyang, Gyeonggi Province. The event is designed to share experiences and […]
Is Kim Jong-nam mending ties with NK?
Speculation swirled Wednesday over the role of Kim Jong-nam, the eldest son of late North Korean leader Kim Jong-il, following a report that he visited the Stalinist country last month. Citing a source, a local daily reported that Kim Jong-nam, said to live in semi-exile due to his wayward lifestyle, visited the North for several […]
Lotte challenges Costco
Korean retailer claims superior customer service Lotte Mart, the nation’s third largest discount store chain, is entering the local wholesale market, which has been dominated by Costco. Lotte’s forays into the market have unnerved the U.S. firm that has been under fire for its unfriendly customer policy. Lotte aims to attract local consumers with affordable […]
ACRC’s outreach program in full swing
Making Korea a warm-hearted, transparent country is the motto of the state-run anti-corruption commission. The endeavors and achievements of the Anti-Corruption and Civil Rights Commission (ACRC) are as truly remarkable as praised by the United Nations and other goodwill international organizations. However, Kim Young-ran, chairperson of the ACRC, says many of the vulnerable and marginalized […]
Renault to boost Korean operation
A top executive of Renault Group Wednesday emphasized the importance of Renault Samsung Motors (RSM) as an export base in Asia and pledged to fully support the troubled local affiliate. “We want to be a significant player in the highly competitive Korean market,” Carlos Tavares, chief operating officer of the French automaker said during a […]
Kakao Talk launches new cyber money
Kakao Talk, Korea’s largest mobile messenger service provider, said Wednesday it plans to launch its own cyber currency called Choco on Thursday. Subscribers will be able to buy and charge Choco which can be used to buy emoticons at the firm’s app store. Ten Choco will cost 1,000 won, the company said. “Our users have […]
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