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Pitino to step down when contract ends in 2017

More sportsDec 28, 2011

LOUISVILLE, Kentucky (AP) ― Rick Pitino said Tuesday that he won’t coach past the 2016-2017 season when his current contract ends at Louisville.“When you’re 59, you’re realistic that you don’t have a whole lot of years left,” Pitino said at a news conference before the No. 4 Cardinals play No. 12 Georgetown on Wednesday. “My contract’s going to run out in 2017. I’m not coaching anymore after that.”The former Providence and Kentucky coach has guided the Cardinals to a 12-0 record so far this seas
Heat stave off Celtics rally

More sportsDec 28, 2011

MIAMI (AP) ― LeBron James scored 26 points, rookie point guard Norris Cole came up with 14 of his 20 points in the fourth quarter, and the Miami Heat nearly blew a 20-point lead before beating the Boston Celtics 115-107 on Tuesday night.Dwyane Wade finished with 24 points and eight assists for Miami, which got 18 from Chris Bosh and twice saw its lead cut to three in the final minutes. Cole delivered the answer both times with a pair of jump shots, and the Heat escaped.Ray Allen scored 28 points
49ers, Patriots to star in Bowl

More sportsDec 28, 2011

NEW YORK (AP) ― Tom Brady is one of eight Patriots and Patrick Willis one of eight 49ers to make the Pro Bowl, the most on each roster.Defending Super Bowl champion Green Bay (14-1), led by starting quarterback Aaron Rodgers, and Baltimore (11-4), led by veteran linebacker Ray Lewis, have seven apiece for the Jan. 29 game in Honolulu, the NFL announced Tuesday.Brady is one of seven starters from New England (12-3). The others are receiver Wes Welker, tight end Rob Gronkowski, defensive tackle Vi
Foreign firms say they too help those in need

Dec 28, 2011

In this time of giving, not only Korean conglomerates, but also some foreign companies and their chambers here are eager to engage in charitable activities.Countering the local media’s criticism of their “lackluster giving,” members of the foreign business community said they do help those in need.“We do a lot of charitable activities but we don’t receive a lot attention, and then we get a lot of criticism that companies are not giving back, which is not true,” said American Chamber of Commerce
Strike may hit LG Display-Apple ties

IndustryDec 28, 2011

But LG Display sees little impact of China factory strike on supply of display panels for iPad 3Concerns are rising that the strike at LG Display’s factory in China may deal a blow to its supply of LCD panels to Apple if the labor dispute is prolonged, industry sources said on Wednesday.About 8,000 Chinese workers at the company’s Nanjing plant have been staging a strike, demanding fair incomes compared to their Korean colleagues, as well as year-end incentives.The strikers attempted to engage i
Lee, Hyun delegations return to Seoul

North KoreaDec 27, 2011

The widows of former President Kim Dae-jung and former Hyundai Asan chairman Chung Mong-hun returned home on Tuesday after their high-profile trip to Pyongyang to express condolences over the death of North Korean leader Kim Jong-il.In the morning, former First Lady Lee Hee-ho and Hyundai Group chairwoman Hyun Jeong-eun met the North’s titular head Kim Yong-nam, president of the Presidium of the Supreme People’s Assembly and expressed “deep condolences” over Kim’s demise, according to the North’
IKEA secures site to enter Korean market

IndustryDec 27, 2011

Swedish home furnishing giant IKEA said Tuesday it bought a building site in Gwangmyeong, a satellite city of Seoul, as part of preparations for the opening of a store in two to three years. “I am very happy to announce that IKEA took a historical step today in investing in one of Asia’s most dynamic lifestyle markets,” Korea chief Patrick Schuerpf said in a statement.“We see this as a great partnership opportunity with the government of Gwangmyeong city, and we are looking forward to enabling K
8,000 Chinese workers strike at LG Display’s Nanjing plant

IndustryDec 27, 2011

About 8,000 Chinese workers at LG Display’s Nanjing plant are staging a strike, calling for “fair treatment” from management, according to China’s largest portal site on Tuesday.Sina.com said the strikers took to streets on Monday and now are in talks with management to settle the labor dispute. LG Display, the world’s leading LCD maker, has three module manufacturing plants in China with the other two located in Guangzhou and Yantai.The strike started after the Chinese workers claimed that they
Suicides draw attention to bullying at school

Social affairsDec 27, 2011

A recent spate of student suicides has drawn attention to school bullying, with some cases hushed up to save schools’ reputations, leading victims to distrust their schools and teachers. Reported cases of bullying at schools sharply increased last year from 5,606 in 2009 to 7,823 last year, although the number had fallen by about 3,000 between 2008 and 2009, according to a national survey. According to the Teenage Violence Prevention Center, 14,939 students have asked for help with bullying this
More overseas cultural centers to open in 2012

TheaterDec 27, 2011

Seven more Korean Cultural Centers will open next year, making 28 around the world, the Ministry of Culture, Sports and Tourism said on Tuesday. The new centers are scheduled to open in Hungary, Mexico, India, Thailand, Belgium, Brazil and Egypt by the end of 2012, the ministry said in a year-end press release. The cultural centers will continue their activities of introducing and promoting Korea’s culture, and increasing cultural exchanges with the respective organizations in each overseas city
GNP asks Rep. Choi to leave over aide’s role in DDoS attack

PoliticsDec 27, 2011

Ruling party launches panel to overhaul itself ahead of major pollsThe ruling Grand National Party’s emergency leadership council, which held its first meeting Tuesday, has asked Rep. Choi Gu-sik to quit the party over the recent cyber attack scandal involving his ex-secretary.A former aide to Rep. Choi Gu-sik confessed earlier this month that he was responsible for hacking the National Election Commission website during the Oct. 26 by-elections. Though the aide, surnamed Gong, claimed to have a
Cabinet OKs changes to police authority

Social affairsDec 27, 2011

Police chief calls meeting to discuss stance and degree of protestThe controversial presidential decree on the enforcement of the Criminal Procedure Act, which defines investigative rights of the police and the prosecution was approved by the Cabinet on Tuesday.The decree, drawn up by the Prime Minister’s Office in November, has been strongly criticized by members of the police force. Following the cabinet’s decision, National Police Agency Commissioner General Cho Hyun-oh called a meeting of hi
Toyota adds to Prius lineup with smallest hybrid aimed at Fit

World BusinessDec 27, 2011

Toyota Motor Corp. , Asia’s largest automaker, will begin selling its smallest hybrid car in Japan Monday to compete with Honda Motor Co. for younger consumers seeking an entry-level fuel-efficient vehicle. The Aqua compact hybrid, to be marketed as the Prius C in the U.S., will cost from 1.69 million yen ($21,700), the Toyota City, Japan-based carmaker said Monday in a statement. The company aims to sell 12,000 Aquas a month in its home market. Toyota is counting on gasoline-electric models, le
Minister: Spain to slide back into recession

World BusinessDec 27, 2011

MADRID (AP) ― Spain will slide back into recession early next year with the current quarter and the first of 2012 both registering negative growth, new Economy Minister Luis de Guindos said Monday.De Guindos said he expects the economy ― the eurozone’s fourth largest ― to contract by between 0.2 percent and 0.3 percent on the previous quarter in the final three months of this year and again in the first quarter of next year. He said the outlook for next year was poor.If the Spanish economy were
Brazil to remain ahead of U.K.

World BusinessDec 27, 2011

Britain loses spot as sixth-largest economy to Brazil, Mantega saysBrazil will remain one of the fastest-growing nations in the coming years after overtaking the U.K. this year to become the world’s sixth-largest economy, the country’s Finance Minister Guido Mantega said. “The countries that will grow the most are the emerging markets such as Brazil, China, India and Russia,” Mantega said in a statement published on the finance ministry’s website, referring to findings by the London-based Cent