South Korea may have a new customer for its nuclear power plant technology.The Philippines, a longtime ally to Korea, expressed interest during a three-day visit by their Foreign Minister Alberto Romulo.While the details are still being discussed in Manila, the Southeast Asian nation believes that nuclear technology is an ideal option to replace fossil fuels and help protect their environment.“We

The chairman of the ruling Grand National Party vowed Tuesday to pay more attention to public demand while backing government policies, a significant wording as his party remains at odds with President Lee Myung-bak over a controversial chief state auditor nominee.His party has and will continue to actively support policies by the conservative Lee government, but at the same time will “make the ut

The government has donated medicines to fight cholera to the Ministry of Public Health and Population of Haiti, officials said. The delivery ― worth $100,000 ― which was made on Dec. 28 via the Korea International Cooperation Agency is expected to fight the epidemic in the Caribbean state. “The cooperation between South Korea and Republic of Haiti is a cooperation model between both states. This n

The prosecution has requested that a local court sentence Choi Yul of the Korea Green Foundation to four years in prison and an 130 million won ($113,000) fine for his alleged embezzlement.Officers of the Seoul Central Prosecutors’ Office told Judge Kim Woo-jin of Seoul Central District Court at a trial that the case is serious because Choi leads one of the most influential civic groups. “Civic ac

The human body is capable of running 100 meters in 9.51 seconds, about 0.07 seconds faster than the current world record held by Olympic gold medalist Usain Bolt, Korean researchers have suggested. It could take up to 10.55 years for humans to reach this estimated upper limit, after which the chances of performance improvement is extremely low, said professor Chang Yu-sang of KDI School of Public

The Ministry of National Defense is seeking to hold a joint commission ceremony for all military academies, officials said Tuesday.The move is aimed at reducing the cost of holding all the ceremonies separately. It is also in line with military efforts to curtail administrative procedures and enhance interoperability among the Army, Navy and Air Force, the officials said.According to the plan unde

LG Electronics said Tuesday it would seek to consolidate its status as one of the world’s largest home appliance makers by 2014 by taking advantage of “smart” technology.The firm said in a statement it would target double-digit sales growth from its home appliance business this year and was aiming for sales of $20 billion from the sector in 2014.“This year will be the beginning of a new era of hom

SAN FRANCISCO (AP) ― Intel Corp. is paying $1.5 billion to end a fight it started with Nvidia Corp. over a key computer technology.The legal battle centered Nvidia’s ability to make “chipsets” that are compatible with Intel’s latest processors ― a fight that has implications for many of the world’s computer users, since Intel and Nvidia’s chips are ubiquitous.Nvidia is a top maker of graphics chip

Portuguese bond yields hit record highs as fear of spreading debt contagion risesLISBON (AP) ― Borrowing rates for Portugal briefly spiked after reports over the weekend that Germany and France are pushing it to accept outside help to keep the debt crisis in Europe from spreading.The yield on Portuguese 10-year bonds, a key gauge of investor sentiment, rose to 7.18 percent at one point on Monday,

GM Daewoo Auto and Technology Co. aims to export more than 1.8 million vehicles and knockdown kits under the Chevrolet brand this year, its president Mike Arcamone said Monday.The Korean unit of GM will also launch eight new vehicles to Korea, instead of the originally planned seven, this year. Four of the eight models will be those in segments the company does not currently compete in, he added.H