Samsung Electronics has landed in hot water after leaking iPhone-related documents to the media on Tuesday, disobeying an order by a U.S. judge in charge of the legal battle with Apple. Judge Lucy Koh had barred Samsung from making public the phone design documents as evidence because its submission was “too late” under the U.S. legal process.The evidence revealed by Samsung amid the ongoing legal fight with Apple includes a testimony by Shin Nishibori, Apple’s former designer, saying that his e

A nonprofit organization founded by SK Group has awarded a scholarship to its 3,000th student this year, SK officials said.According to the officials, the scholarship program has financially supported a total of 3,059 students as of July 29.The program is promoted by the Korea Foundation for Advanced Studies, a non-profit organization established in 1974 with the aim of fostering talented scholars. SK Group founder and late chairman Chey Jong-hyun created the foundation to materialize his vision

Korea, the world’s fifth-largest user of nuclear power, is expected to start the production of its own uranium as early as 2015, Australian energy company Stonehenge Metals, which has the exclusive rights to the deposits, said Wednesday. “Our goal is to operate the first uranium mine in Korea, which would be both a massive national asset and a boon to the local communities,” Richard Henning, managing director of the Perth-based Stonehenge, said at a press conference in Seoul.  In the 1980s, the

Korea’s trade surplus shrank from a month earlier in July as exports slipped at a greater pace than imports, the government said Wednesday.The country’s trade balance came to $2.7 billion in the black last month, compared with a surplus of $4.96 billion in June, according to the Ministry of Knowledge Economy.Still, July marks the sixth consecutive month the country has posted a trade surplus since January when the country’s trade balance went into the red for the first time in 24 months.Exports

Korea’s consumer prices grew at the slowest pace in 12 years in July as the slowing global economy drove down costs of crude oil and other products by cutting overall demand, a report showed Wednesday.The country’s consumer price index rose 1.5 percent in July from a year earlier, compared with a 2.2 percent on-year gain the previous month, according to the report by Statistics Korea.July’s reading marks the slowest growth since May 2000 when consumer prices gained 1.1 percent. It also marks the