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[World Cup] Brazil beats Chile in shootout at World Cup

SoccerJun 29, 2014

Brazil advanced to the World Cup quarterfinals on Saturday with a 3-2 shootout win over Chile following a tense and thrilling battle that ended 1-1 after extra time. David Luiz (C) of Brazil celebrates after winning the penalty shootout of the FIFA World Cup 2014 round of 16 match between Brazil and Chile at the Estadio Mineirao in Belo Horizonte, Brazil, Saturday. (Yonhap)Neymar, David Luiz and Marcelo scored in the shootout, and Brazil goalkeeper Julio Cesar saved two penalties before watching
Serena Williams loses in 3rd round at Wimbledon

More sportsJun 29, 2014

All of a sudden, Serena Williams is failing to stick around for long at Grand Slam tournaments.Betrayed by her backhand and, more surprisingly, her usually dangerous serve, five-time Wimbledon champion Williams lost to 25th-seeded Alize Cornet of France 1-6, 6-3, 6-4 Saturday in the third round at the All England Club.“If I'm not playing a great, great match, these girls, when they play me, they play as if they're on the ATP Tour, and then they play other girls completely different,” Williams sa
Samsung, LG set to battle over Android-based wearables

TechnologyJun 26, 2014

South Korea's two tech pillars, Samsung Electronics Co. and LG Electronics Inc., showcased their Android Wear-powered devices, starting another battle in the global tech industry where firms are in search of new opportunities amid slowed growth in the smartphone market. Samsung, the world's top maker of smartphones, debuted the Samsung Gear Live, the first member of this year's wearable lineup that works under U.S.-based Google Inc.'s Android Wear platform, in San Francisco on Wednesday (local
Samsung Everland to change its name to Cheil Industries

IndustryJun 26, 2014

Samsung Everland Inc., the de facto holding company of South Korea's No. 1 conglomerate Samsung Group, said Thursday it is changing its name to Cheil Industries Inc. in the latest group-wide effort to restructure after its chairman's hospitalization.The company, which operates a resort and amusement park, acquired the fashion division of Cheil in September 2013, while the textile and chemical businesses were incorporated into Samsung SDI Co., the world's top maker of TV displays and smartphone b
Koreas resume Kaesong park meeting after 6-month hiatus

North KoreaJun 26, 2014

South and North Korea reopened their quarterly meeting on a joint industrial complex to discuss management issues on Thursday following a six-month suspension sparked by heightened cross-border tensions.The fifth meeting of the joint inter-Korean committee of the Kaesong Industrial Complex started in the namesake North Korea border city, the first high-level contact between the two Koreas since their last gathering in December. The two Koreas agreed to set up the joint committee in late August a
Gov't ministries seek 6 percent budget hike for next year

PoliticsJun 26, 2014

South Korea's government ministries and agencies have requested a 6 percent hike in their budgets for next year as they want to spend more on welfare, education, and research and development, the finance ministry said Thursday.The ministries and agencies asked for the central government to set aside a combined 377 trillion won ($370.3 billion) for next year, compared with this year' budget of 355.8 trillion won, according to the ministry.The hike is mostly attributed to a 10.8 percent budget inc
Japanese, German bearing producers being probed for price rigging: source

Jun 26, 2014

South Korea's antitrust watchdog is investigating Japanese and German bearing producers on suspicions that they have colluded in fixing prices of parts being supplied to local manufacturers, a government source said Thursday.The companies under investigation include Japanese bearing makers such as NSK, JTEKT, NTN and MINEBEA and Germany's Schaeffler, he added."We have sent our investigation reports to each suspected company, which will later submit its own response to us," a Fair Trade Commissio
[World Cup] Honduras coach quits after World Cup elimination

SoccerJun 26, 2014

Honduras lost all three of its matches at the World Cup, and then lost its coach.Luis Fernando Suarez, a Colombian who led Ecuador to the second round of the 2006 World Cup, quit his job Wednesday following a third straight loss in Brazil.“I'm sorry I didn't manage more,” said Suarez, who has been Honduras coach since March 2011. “I'm sad because I had a dream about this World Cup.”Honduras` head coach Luis Suarez instructs his players from the sideline during the group E World Cup soccer match
[World Cup] Bosnia beats Iran 3-1 in Group F at World Cup

SoccerJun 26, 2014

Bosnia-Herzegovina ended Iran's hopes of advancing to the knockout stages with a 3-1 victory in Group F on Wednesday, registering its first World Cup win in the process.The Bosnians, who were already relegated from the tournament, took a commanding 2-0 lead with goals from Edin Dzeko in the 23rd and Miralem Pjanic in the 53rd before Iran hit back in a desperate late bid to qualify for the second round. Bosnia's Avdija Vrsajevic (2) celebrates with teammate Vedad Ibisevic after scoring his team
[World Cup] Shaqiri's hat trick puts Swiss into 2nd round

SoccerJun 26, 2014

Xherdan Shaqiri's hat trick put Switzerland into the second round of the World Cup, and kept coach Ottmar Hitzfeld gainfully employed for at least a few more days.Shaqiri scored a pair of first-half goals and added another in the second Wednesday to give Switzerland a 3-0 victory over Honduras, a result that put the Swiss in second place in Group E behind France.“We knew that we were going to show great football today, said Shaqiri, a Bayern Munich winger. “For us, this has been really a dream t
[World Cup] Messi scores 2 as Argentina beats Nigeria 3-2

SoccerJun 26, 2014

Lionel Messi scored at the start and end of the first half as Argentina beat Nigeria 3-2 in a thriller on Wednesday to top World Cup Group F and the already-eliminated Bosnia recorded a pride-salvaging 3-1 win over Iran that meant both teams are heading home.The battle for the World Cup's golden boot heated up between Barcelona teammates as Messi latched onto a rebound in just the third minute and then curled in a freekick shortly before halftime to match Neymar's tally of four in three games fo
Energy minister says electricity rate hike inevitable

PoliticsJun 25, 2014

South Korea's energy minister said Wednesday that the country will have little choice but to raise its electricity rates partly to reflect growing costs, hinting the rate increase will take place next year. Yoon Sang-jick, minister of trade, industry and energy, said there already exists a need to raise electricity rates by about 2 percent due to a rise in the consumption tax on soft coal, set to go into effect on July 1."Once the consumption tax on coal rises, there will be a need to increase e
Korea's export expected to grow nearly 7 percent in H2: KITA

Jun 25, 2014

South Korea's export is expected to increase 6.8 percent in the second half of the year from a year ago to record a yearly trade surplus higher than government projection, a report showed Wednesday.According to the Institute for International Trade, run by the Korea International Trade Organization, South Korea's trade surplus is expected to come in at $18.7 billion in the second half, as its exports are forecast to reach $302.4 billion, up 6.8 percent from a year ago, with its imports rising 9.
Childbirths in S. Korea rise in April: data

Social affairsJun 25, 2014

Childbirths in South Korea increased in April from a year earlier, turning around from the previous month's downturn amid worries over the country's chronically low birthrate, a government report showed Wednesday.According to the report by Statistics Korea, the number of babies born in April came to about 37,400, up 1.9 percent or 700 from the same month a year earlier.This followed a 0.8 percent fall in March. Childbirths in South Korea had declined for 13 straight months before February when t
[World Cup] Greece scores late to advance at World Cup

SoccerJun 25, 2014

Greece doesn't score often at the World Cup, but its goals certainly come at the right time. Greece doubled its total scoring tally at World Cup tournaments by netting twice against the Ivory Coast on Tuesday _ the second coming through an injury-time penalty that secured a 2-1 victory and a spot in the knockout rounds. Greece`s Giorgos Samaras celebrates scoring his side`s second goal during the group C World Cup soccer match between Greece and Ivory Coast at the Arena Castelao in Fortaleza, Br