Kookmin Bank, Korea’s largest lender, and local rivals posted a 41 percent jump in combined profit last quarter as widening lending margins increased interest income and provisions for bad loans fell.The 18 lenders net income climbed to 2.1 trillion won ($1.9 billion) for the three months ended Dec. 31, from 1.5 trillion won a year earlier, the Financial Supervisory Service said Tuesday in an e-ma

The Netherlands are providing 1 million doses of foot-and-mouth vaccine to help Korea fight its worst outbreak, its embassy said Friday.At the request of the Korean government, the European country has sent 500,000 vaccines. The remainder is due to arrive on Feb. 3. “The Netherlands expects it will contribute positively to the welfare of the animals and to disease control,” it said in an e-mailed

By all accounts, Hosni Mubarak’s days are numbered in Egypt. The outside world sees two possibilities about the future of the largest country in the Middle East: It could become a second Iran, a nightmare for the globally-caring United States and the Western community in general, or the predominantly Islam nation of 80 million could gain democracy while remaining a friend and ally of Washington an

In January 2008, when the transition committee for president-elect Lee Myung-bak decided to abolish the Ministry of Science and Technology to put his campaign pledge of small government into practice, an array of academics and industrialists raised strong objections. They feared that absence of a central administration agency responsible for promotion of science and technology would inevitably cau

IMS Health Inc. operates in the shadows of the healthcare industry, gathering data that drug makers can use to sell medications more effectively. The data, however, are taken from the prescriptions that doctors write for their patients. That information is at the heart of a dispute over how far states can go to protect privacy ― a dispute that has reached the Supreme Court, and one that could broa

China’s double-digital economic growth over the past years has helped it replace Japan as the world’s second largest economy. In terms of gross domestic product China exceeded Japan from the second quarter of 2010 and its full-year GDP was more than 39 trillion yuan ($5.93 trillion), as indicated by statistics from the National Bureau of Statistics. That means China now has the second largest glob

A massive archive of documents leaked to al-Jazeera and Britain’s Guardian newspaper offers irrefutable proof that years of negotiations between Israelis and Palestinians have been an empty sham. The papers make clear that the time has come for Palestinians and anyone interested in the cause of justice to abandon the charade of official diplomacy and pursue other, more creative and nonviolent path

In his State of the Union address, President Obama said that repealing his health-care law would increase the deficit by $230 billion. While technically true according to Congressional Budget Office estimates, this statement is misleading.In CBO’s own words: “(the) legislation contained a set of provisions ... which CBO and (Joint Committee on Taxation) estimated would have a gross cost of about $