YEOSU -- Organizers for the 2012 Yeosu Expo said Saturday that they have successfully carried out a full-fledged dress rehearsal to check overall preparations for the international event.The three-month-long exposition that will officially open on May 12 is expected to attract visitors from all over the world, and highlight efforts being made to combat the challenges of climate change and its impa

LG Electronics Inc., the world's No. 3 handset maker, unveiled on Saturday a new Optimus smartphone running on the fourth-generation long-term evolution (LTE) network.LG Electronics said that the Optimus LTE 2 has 5 gigabytes of random access memory, the largest among smartphones sold in South Korea.The company said the RAM on the smartphone is twice as powerful as those found in many tablet PCs a

FRESNO, California (Yonhap) -- South Korean inspectors sent to the United States to check the safety of beef failed to visit a cattle farm in central California that reported the latest case of bovine spongiform encephalopathy (BSE), an official source said Friday. Joo E-suk, head of the inspection team, said indirect contact was made with the owner of the farm through a veterinarian.He did not el

LONDON (AP) -- London's comic and outspoken mayor Boris Johnson won reelection Friday, triumphing in a closer-than-expected vote to secure a second term and his status as the unvarnished and unpredictable host of the 2012 Olympics.Johnson's victory, in election results confirmed late Friday, was a bright spot on a rough day for his colleagues in Prime Minister David Cameron's governing Conservativ

TOKYO (Reuters) – Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in 8 years.The Sony veteran, in his first public briefing as CEO, also targeted new business in medical equipment and electric car batteries, and set a target f

 

 Heads of family-run conglomerates continue to control empires with little stakesOwners of Korea’s leading family-run conglomerates, or chaebol, are still opting to employ circular intra-group shareholding practices to run a large number of affiliates with little or no stake ownership, the state-run antitrust regulator said Thursday.According to the Fair Trade Commission, each chairperson of the c

STX Offshore and Shipbuilding Co. will face punitive measures for unfairly reducing subcontracting fees to a service provider, a state-run antitrust regulator said Monday. The nation’s leading shipbuilder, based in Changwon, South Gyeongsang Province, had signed a contract with a subcontractor, identified by its initial H, since 2008 for the work of putting vessels together to be moved.For six mon