The Korea Herald

Samsung wins dismissal of some apple smartphone patent claims in U.S. suit

IndustryOct 19, 2011

Samsung Electronics Co. won dismissal of some of Apple Inc. (AAPL)’s claims over smartphone patents in a lawsuit in federal court in California. The iPhone maker’s claims that Samsung misrepresented its intent to license certain patents on fair terms was dismissed and Samsung’s request to throw out
EU court: No patents for some stem cell techniques

World NewsOct 19, 2011

LONDON (AP) — The European Union's top court ruled Tuesday that scientists cannot patent stem cell techniques that use human embryos for research, a decision some scientists said could threaten major medical advances if it prevents biotech companies from turning a profit.The ruling sets Europe
Financial firms refute growing backlash on excessive greed

Oct 19, 2011

South Korean financial firms on Wednesday rebutted rising public criticism of their large paychecks and high profit margins as the ongoing "Occupy" protests in the United States and elsewhere fueled local anger about corporate greed. (Yonhap News)Following the start of the "Occupy Wall Street" movem
Study: Vaccine reduces malaria in African children

HealthOct 19, 2011

ATLANTA (AP) — The quest for the world's first malaria vaccine appears to have taken a big step: A study in Africa shows experimental shots cut the risk of disease in young children by half.The initial results from a final stage of vaccine testing were released Tuesday, and the vaccine's devel
In rare miss, Apple 4Q earnings disappoint

World BusinessOct 19, 2011

NEW YORK (AP) — Apple, the juggernaut of consumer electronics, stumbled in its latest quarter, as the later-than-usual launch of the new iPhone held back sales.On Tuesday, Apple reported earnings and revenue that came in below analyst expectations, sending its stock down 7 percent.It was a rar
Samsung heir, Apple chief discuss long-term parts cooperation

TechnologyOct 19, 2011

As Samsung Electronics Co. and Apple Inc. wage legal battles across the world, two of their top executives have met to discuss long-term parts cooperation and maintaining existing partnerships. (Yonhap News)Lee Jae-yong, chief operating officer (COO) of Samsung Electronics said Wednesday he had disc
S. Korea, Japan to discuss expansion of currency swap line

Oct 19, 2011

SEOUL, Oct. 18 (Yonhap) -- Leaders of South Korea and Japan plan to discuss the expansion of the won-yen swap line in an effort to stabilize the two financial markets, the Seoul government said Tuesday.South Korean President Lee Myung-bak was to hold a summit with Japanese Prime Minister Yoshihiko N
S. Korea, Brazil agree to boost trade, investment

Oct 19, 2011

SEOUL, Oct. 19 (Yonhap) -- South Korea and Brazil have agreed to expand their bilateral trade and investment as part of efforts to boost their overall economic cooperation, officials said Wednesday. The countries also shared the view that they and other emerging countries should keep their fiscal he
Obama to sign FTAs on Friday

PoliticsOct 19, 2011

WASHINGTON, Oct. 18 (Yonhap) -- U.S. President Barack Obama will sign the free trade accords with South Korea, Colombia and Panama on Friday, completing Washington's long-delayed legislative and administrative procedures necessary for the implementation of the deals, according to the White House.Oba
Lee to hold summit with Japan's prime minister

PoliticsOct 19, 2011

SEOUL, Oct. 19 (Yonhap) -- South Korean President Lee Myung-bak was to hold a summit with Japanese Prime Minister Yoshihiko Noda on Wednesday to talk mainly about bilateral relations, North Korea and a possible free trade agreement between the two neighbors.Noda arrived in Seoul on Wednesday for a t
S. Korean pilot under probe for pro-North Korea activities

Social affairsOct 19, 2011

SEOUL, Oct. 19 (Yonhap) -- A local pilot with a South Korean passenger airline is under police investigation on suspicion of uploading pro-North Korean materials on the Internet in breach of the National Security Law, police said Wednesday.The 44-year-old plane captain surnamed Kim posted about 60 a
Korea’s financial market fast stabilizing

Oct 18, 2011

Fear indicator down, KOSPI makes back recent lossesSouth Korea’s financial markets have been shifting back to normal faster than earlier predicted after suffering a series of shocks sparked last month by fears of a global recession. Investment sentiment, though still cautious, is turning positive at
Restaurateurs demand lower card costs

Social affairsOct 18, 2011

Tens of thousands of restaurant owners rally at Olympic Stadium in Seoul on Tuesday, demanding credit card firms lower commission rates for restaurants. (Park Hae-mook/The Korea Herald)In a rare collective action, owners of restaurants across the country rallied in Seoul on Tuesday, demanding a cut
Opposition blocks committee’s action on U.S. FTA bill

PoliticsOct 18, 2011

Committee to hold more debates on Korea-U.S. FTA later this weekThe parliamentary committee on foreign affairs, trade and unification on Tuesday decided to extend the debate on the Korea-U.S. free trade agreement Thursday and Friday before voting on the bill, as opposition lawmakers boycotted a comm
‘90% of N. Koreans see Kim’s word as law’

North KoreaOct 18, 2011

Nine out of every 10 North Korean defectors regard their leader Kim Jong-il’s words as law, contrary to expectations of North Korean citizens’ weakening loyalty to the totalitarian regime, a survey showed Tuesday. About 90 percent of the defectors said the dictator’s instructions “were laws to keep