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America keeps lead, but Woods falls

More sportsNov 18, 2011

MELBOURNE (AP) ― The Americans kept the lead in the Presidents Cup, and they still don’t have a point from Tiger Woods.In some of the toughest conditions ever at Royal Melbourne, Aaron Baddeley and Jason Day earned a small measure of redemption by holding on to beat Woods and Dustin Johnson on the 18th hole that helped the International team split the six fourball matches Saturday.The Americans led 7-5 going into a double session Saturday with 10 points at stake.Woods is 0-2 for the first time e
Missing U.S. military rifle found near base of Lee’s plane

DefenseNov 18, 2011

A missing U.S. military rifle was found Thursday near a local air base, where President Lee Myung-bak departed aboard a presidential jet on the same day for Indonesia to attend a regional summit, an official said Friday.The U.S. Forces Korea official said a civilian found the M4 rifle on Thursday on a road near Seoul Airport, located in Seongnam, just south of the capital city. The discovery apparently alarmed the presidential security detail, but the rifle has since been returned to the U.S. un
Unification minister to visit China next week

North KoreaNov 18, 2011

Unification Minister Yu Woo-ik will meet with China’s State Councilor Dai Bingguo and other high-ranking officials next week to seek their opinions on South Korea’s policy toward North Korea, the Unification Ministry said on Friday.Other Chinese officials scheduled to meet with Yu include Tang Jiaxuan, former state councilor of China, Wang Jiarui, director of the International Department of the Central Committee of the Communist Party of China and Foreign Minister Yang Jiechi.Yu’s visit will tak
More Koreans taking to two-wheels

Social affairsNov 18, 2011

It’s better for heath and environment, but regulations needed for safe bike ridesIm Sang-hyuk, 37, an oriental medicine doctor, has been cycling to work every day for the last eight years.“It’s obviously cheaper, and I find it often faster,” he said.Im commutes with his bike from his house in Sinjeong-dong, southwest Seoul to Jegi-dong, in the northern part of the city. It’s a daunting 60 km round trip, but Im finds it enjoyable and reliable. “I leave my house around 8:10 a.m. and arrive at work
Korean professor elected to U.N. law commission

Social affairsNov 18, 2011

Park Ki-gab, a law professor at Korea University, has been elected as one of the 34 members of the International Law Commission of the United Nations in the ILC’s 2011 election.Park will serve as an ILC member for five years beginning Jan. 1. Candidates from 50 countries ran for 34 commission member places. Asia Pacific states fielded 13 candidates for eight seats allocated to the region. Park garnered votes from 135 out of 193 member countries.Park is the second Korean member of the ILC, follow
Minor progressive parties agree to create new party

PoliticsNov 18, 2011

Three minor opposition parties will form a new progressive party as part of efforts to boost their chances in next year’s parliamentary elections, their leaders said, while the main opposition party is working hard to form a broad alliance with other liberal forces and civic groups.Leaders of three minor parties -- the Democratic Labor Party, the People’s Participatory Party and a party made up of defectors from the Progressive New Party -- announced that they will hold a convention to set the n
N.K. defectors plan mass rally on Kim Jong-il’s birthday

North KoreaNov 18, 2011

Defectors from North Korea plan to designate North Korean leader Kim Jong-il’s birthday “world North Korean defectors’ day,” and hold a rally on the day, a high profile defector said Friday.According to An Chan-il, the chief of World Institute of North Korea Studies and the first defector to obtain a doctorate degree in politics in South Korea, groups representing defectors will celebrate Feb. 16 in honor of those who escaped the regime.An also said that the representatives plan to bring togethe
Korea to set up ASEAN diplomatic mission

PoliticsNov 18, 2011

Korea will establish a mission dedicated to the Association of Southeast Asian Nations in Jakarta in the first half of next year, President Lee Myung-bak said Thursday.“In order to strengthen economic cooperation with the increasingly important ASEAN, I will dispatch an ambassador to Jakarta who will deal exclusively with ASEAN affairs,” Lee was quoted by news reports as saying at the 2011 ASEAN Business and Investment Summit in Bali, Indonesia. “I hope that the new ASEAN mission will contribute
GNP moving for FTA vote next Thursday

PoliticsNov 18, 2011

Speaker hints at invoking authority to put the Korea-U.S. FTA ratification bill to voteThe Grand National Party was Friday moving to bring the U.S. Free Trade Agreement ratification motion to a floor vote, raising the likelihood of violence with the opposition which has vowed to block the bill by any means.“When the time comes, the party shall bring the bill to the plenary session,” said Rep. Hwang Young-cheul, the party’s floor spokesperson, in a radio interview. “We expect parliamentary speake
Samsung to sell multitouch tables

TechnologyNov 18, 2011

Samsung Electronics Co., the world’s biggest supplier of TVs and liquid crystal display panels, said Friday that it has begun to receive orders in 23 countries for its multitouch table displays, as the company has recently been trying to woo corporate customers.Jointly developed with Microsoft Corp., the 40-inch display “SUR40,” a big-size table with a multitouch screen, can be installed in airports, banks, hotels and other venues, according to Samsung. The LCD screen on top of the table recogni
Dongwon to buy cannery in Senegal

IndustryNov 18, 2011

Korean food and financial conglomerate Dongwon Group said Friday it plans to take over a Senegalese cannery for $21 million as part of efforts to expand its presence in Africa and Europe.Dongwon said it will establish a new entity in the African nation after purchasing SNCDS, one of the largest canneries in Senegal.SNCDS produces 25,000 tons of canned tuna and other fishery products per year.Dongwon Group’s affiliates include Dongwon Industries Co., the world’s biggest tuna fishing company, and
SK Telecom buys 7.47% stake in Hynix

IndustryNov 18, 2011

SK Telecom Co., South Korea’s largest mobile operator, said Friday that it bought a 7.47 percent stake in Hynix Semiconductor Inc. for 1.08 trillion won ($949.32 million), a move that followed the carrier’s contract to buy the chipmaker from its creditors. SK Telecom bought 44.25 million existing shares of Hynix at a price of 24,500 won each in the after-hours trading session on Thursday, it said in a regulatory filing.On Monday, SK Telecom agreed with eight creditors of Hynix led by Korea Excha
UAE to hold expo for Korean products

Nov 18, 2011

An expo for South Korean products will be held in the United Arab Emirates next year as both nations seek to step up business and economic cooperation, the finance ministry said Friday.The “Made In Korea 2012” expo will be the first of its kind to be held in the Middle East region for Korean products. It will be held in Abu Dhabi in May, according to the ministry.The expo will be sponsored by commerce and tourism agencies of the UAE, the ministry said. The organizers seek to attract around 300 K
Korean households’ monthly income grows 6.5% in Q3

Nov 18, 2011

South Korean households’ monthly income grew 6.5 percent on-year in the third quarter thanks to improving employment conditions, a government report showed Friday. According to the report by Statistics Korea, households’ monthly income averaged 3.89 million won ($3,413) in the July-September period. Inflation-adjusted household income also rose 1.6 percent from a year earlier.The disposable income of households grew 6.3 percent on-year to a monthly average of 3.15 million won, the report said.“H
Hyundai-led group applies for 4th telecom slot

IndustryNov 18, 2011

IST consortium to vie with KMI, seek investment from small businessesThe Korea Communications Commission announced Friday that Internet Space Time, a consortium invested by Hyundai Group, submitted its application to be the country’s fourth telecom, staging a fight against rival Korea Mobile Internet.“We plan to service true fourth generation wireless communication networks that put users at the center of the services, and create networks which are demanded by the users to open the Web 3.0 era,”