South Korean stocks rose on the seventh-straight day to set a new record of 2,121.01 points on Friday, buoyed mainly by foreign buying. The benchmark KOSPI jumped 14.31 points or 0.68 percent from the previous day to break the previous record it set in January when the KOSPI closed at 2,115.69. Trading volume was moderate at 328.2 million shares worth 7.12 trillion won ($6.5 billion), with gainers

Korean game-lovers will have a chance to experience Kinect on 3-D television at experience zones and Kinect tournaments operated as a joint effort between Microsoft Korea and LG Electronics, Microsoft said this week. Kinect is new game device launched by Microsoft last year that requires no controllers, as an embedded sensor picks up the movements of the players. Customers also can buy special Kin

World’s No. 2 computer memory-chip supplier sanguine on global marketICHEON, Gyeonggi ― Hynix Semiconductor on Wednesday said it will be doling out cash dividends for the first time this year and expected more to come on the back of rosier forecasts for the memory chip market.“We expect the demand for memory chips to continue rising and as long as we continue to see profit exceeding our objectives

Telecom industry giant and world’s No. 2 phonemaker struggling to shirk blame for high call feesSK Telecom and Samsung Electronics, known for their airtight alliance on phone marketing and sales, are showing signs of a major rift with both parties attempting to shift blame for spiking call fees, according to industry watchers. On the government’s mounting demands on telecom companies to slash the

Samsung LED Co. on Monday said that it has agreed with Japan’s Sumitomo Chemical Co. to form a joint venture to produce sapphire wafers that are necessary components of light-emitting diode, a semiconductor light source.The LED manufacturer said the 50-50 venture will be capitalized at 80 billion won ($72 million), with production of sapphire ingots and wafers scheduled to begin early next year.Th

Sony Ericsson on Monday said it will be releasing its new smartphone, “Xperia Arc” in South Korea next month through SK Telecom. South Korea will be the second nation to see the launch of Xperia Arc, following the firm’s home turf of Japan.“We want Xperia Arc to be known not only for its design, but as a phone defining new smartphone standards,” said Han Youn-hee, head of the firm’s South Korean m

  Another South Korean national has been confirmed dead from the massive Japanese earthquake and tsunami, the South Korean foreign ministry said on Saturday.   The recent finding brought to four the number of South Korean citizens killed in the disaster.   "Police headquarters of Japan's Miyagi Prefecture notified the South Korean Consulate General in Sendai that an 86-year-old South Korean woman

 Won Sei-hoon, chief of the National Intelligence Service faced allegations that he may have violated related ethics codes by holding more than 400 million ($358,000) worth of stocks. According to Friday's data on the assets of government officials, Won and his wife had 2,430 shares of Hanatour shares and over 4,000 shares of Daewoo Securities issues. They also had 13 shares in G&ST, a manufacturi

South Korean stocks are forecast to trend higher next week, shrugging off concerns of Japan's March 11 earthquake, but other external uncertainties such as the Libyan unrest and Europe's debt risks may trim gains, analysts said Saturday.   Despite the ongoing aftermath of Japan's earthquake, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,054.04 on Friday, up 72.91 points, or 3

One out of every seven in the Korean online community experienced hacking last year, while one out of six said their personal information was exposed online without their consent, according to government figures on Thursday.In the corporate sector, one out of eight companies said their websites were disturbed or hacked, the Korea Communication Commission said, citing a survey it conducted on indiv