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Thu, 08/18/2011 - 13:24 by Neka Sehgal
A class action lawsuit has been filed against Apple by South Koreans in Changwon, South Gyeongsang Province Wednesday, accusing the company for allegedly tracking whereabouts of iPhones, iPads and the iPod Touch users.
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Sat, 12/04/2010 - 21:16 by harsheeb
Washington -- U.S. and South Korean trade negotiators said they reached agreement on a free trade pact by overcoming the stumbling block of automobile imports and exports.
The negotiations, which began with the administration of former U.S. President George W. Bush, ended with an agreement for the United States to phase out a 2.5 percent tariff on Korean automobiles during a five-year period.
South Korea will cut its tariff on U.S. vehicles from 8 percent to 4 percent immediately and phase their tariff out altogether over the next five years, The New York Times reported Saturday.
A previous agreement had been ratified by South Korea, but failed to find support in the United States due to sticking points on automobiles and beef.
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Sat, 10/30/2010 - 22:06 by harsheeb
Incheion, South Korea -- Kim Song-hee rode a string of four consecutive birdies to the lead of the LPGA Hana Bank Championship in South Korea.
Kim, in position to claim her first LPGA title, had six birdies and two bogeys Saturday for a 4-under 68 and two-round total of 8-under 136. She's up by one stroke over tournament defending champion Choi Na-yeon, who also at a 68 Saturday, with one round to play.
Vicky Hurst, who was tied with Kim for first after the first round, had a 2-under 70 Saturday and is in third at 6-under for the tournament. Juli Inkster, who fired 68 Saturday, is in fourth just three strokes back of Kim. Another six players are tied at 4-under 140.
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Fri, 10/29/2010 - 21:35 by harsheeb
South Korea -- Vicky Hurst and Kim Song-hee each shot 4-under-par 68 Friday and share the lead after the first round of the LPGA's Hana Bank Championship in South Korea.
Both leaders had five birdies and a bogey and are ahead of defending champion Choi Na-yeon and Amy Hung, who are at 3-under. Michelle Wie is in a group of eight players at 2-under 70, two strokes behind the leaders.
Hurst was in the first group off and set the early pace with three birdies in a five-hole span span from No. 3 through No. 7. She dropped back with a 6 at the par-5 13th hole but came right back with a birdie at 14. She capped her round with a 4 at the par-5 closing hole.
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Sat, 10/23/2010 - 22:09 by harsheeb
Gyeongju-- Group of 20 Nations financial leaders in South Korea agreed without specifics to avoid currency manipulations and reduce excessive trade imbalances.
The agreement puts the two pivotal debate points brought up by U.S. Treasury Secretary Timothy Geithner into the same agreement, but fails to put a formula in place that would dictate exchange rates through trade imbalances, as Geithner had sought.
The financial leaders gathered in Gyeongju, South Korea, agreed to curb "excessive imbalances" in trade, The New York Times reported Saturday.
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Fri, 10/22/2010 - 10:42 by Rakhi
Gyeongju, South Korea -- The agenda for next month's Group of 20 summit in Seoul was being worked out Thursday by vice finance ministers and deputy central bank chiefs.
The officials were expected to work to minimize differences between the G20 members on issues such as foreign exchange policies, the creation of financial safety nets and more regulatory oversight of financial institutions, South Korea's Yonhap news agency reported.
The closed-door talks were being held in Gyeongju, about 230 miles south of Seoul.
The G-20 summit will be Nov. 11-12 in Seoul.
Copyright 2010 United Press International, Inc. (UPI).
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Fri, 09/24/2010 - 22:02 by harsheeb
Seoul -- The Korean National Oil Corp. said Friday Dana Petroleum Plc shareholders who did not relinquish their shares would be the poorer for it.
Continuing to pressure shareholders after securing 64.25 percent of Dana's shares in an on-going hostile takeover, KNOC said, "Once the company (Dana) is delisted, the value and liquidity of shares still held by shareholders will significantly decrease," the Yonhap news agency reported Friday.
KNOC, which said it would delist Dana when it acquired 75 percent of the company, "strongly urges" shareholders to accept its tender offer, the state-run oil company said in a statement.
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Thu, 09/16/2010 - 23:01 by harsheeb
Brussels -- Foreign ministers in Europe have agreed to begin a free trade agreement with South Korea beginning with a six-month provisional pact that starts in July 2011.
The agreement, which the Korean cabinet approved in August, must be ratified by 27 European Union member states, and the parliaments of the European Union and South Korea, the Yonhap News Agency reported Thursday.
The terms of the accord include phasing out tariffs on 96 percent of EU exports and 99 percent of South Korean exports. For some component parts, such as products that are assembled into automobiles, there are refunds provided when that automobile is later turned into an export.
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Fri, 09/10/2010 - 22:36 by harsheeb
New Songdo -- Fred Funk was among three golfers who turned in 3-under-par 69s Friday and are tied for the first-round lead at the Champions Tour stop in South Korea.
Funk had one bogey and four birdies while Michael Allen and Jay Don Blake each had five birdies and a pair of bogeys in grabbing a share of the lead at the Posco E&C Songdo Championship at the Jack Nicklaus Golf Club Korea.
John Cook and Sandy Lyle are tied for fourth, one stroke off the lead and D.A. Weibring finished with a 1-under 71.
Rain delayed the start of play for nearly 2 hours.
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Sun, 08/29/2010 - 23:21 by harsheeb
Seoul -- Three presidential Cabinet appointees in South Korea have withdrawn from consideration due to personal scandals, including the prime minister-designate.
Kim Tae-ho, 48, was in line to become the youngest prime minister in 40 years as part of President Lee Myung-bak's attempt to revitalize the Cabinet for the final years of his presidential term, Yonhap news reported Sunday.
Kim, however, was recently shown to have had ties with businessman Park Yeon-cha long before Kim had previously admitted. In December, Kim was cleared of bribery charges involving the businessman when Kim was governor of South Gyeongsang Province.
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Sat, 07/03/2010 - 08:02 by harsheeb
Sylvania -- Na Yeon Choi hung onto the lead of the Jamie Farr Owens Corning Classic Friday, firing a 4-under 67 for a two-shot advantage after two rounds.
The South Korean, who held a one-shot lead after 18 holes, completed two rounds at Highland Meadows Golf Club at 11-under 131, two clear of Christina Kim (67), Alena Sharp (68) and Inbee Park (66), all of whom finished at 9-under 133.
Knotted in fifth place at minus-6 were Beatriz Recari (67), Stacy Prammanasudh (67), Stacy Lewis (69), Song-Hee Kim (66), In-Kyung Kim (66) and Kristy McPherson (68).
Jiyai Shin, the former world's top woman golfer, registered a 1-under 70 and ended up as part of gaggle of eight golfers tied for 11th at 5-under 137.
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Fri, 07/02/2010 - 07:45 by harsheeb
Sylvania-- South Korea's Na Yeon Choi shot a 7-under 64 to take the first-round lead Thursday at the Jamie Farr Owens Corning Classic in Sylvania, Ohio.
Choi had eight birdies and one bogey on the Highland Meadows course to take a one-shot lead over Alena Sharp.
Christina Kim, Marisa Baena and Karine Icher were another stroke further back at 5-under 66, while world No. 3 Jiyai Shin led a group of six players tied at 67.
Choi carded her lowest score since a 64 in the final round of the LPGA Tour Championship in November. She is a two-time winner on tour with both victories coming in 2009.
Choi credited a new putter with injecting new life in her game. She required just 22 putts over 18 holes to complete the round.
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