Most Popular
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Yoon visits ancient Uzbek city, wraps up Central Asia trip
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N. Korean military's construction activities spotted inside DMZ: source
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[Weekender] IV drips: A quick energy shot for overworked Koreans
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[Drama Tour] Follow Suwon’s fortress to find traces of ‘Lovely Runner’
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Yoon returns amid tensions over Putin's Pyongyang visit
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[AtoZ into Korean Mind] Korea's broken ladder of social mobility
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Top 4 conglomerates convene strategy meetings to navigate uncertainties
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Seoul, Washington, Tokyo to keep close tabs on Putin's visit to NK
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Unlicensed driver rams day care center van into wall
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Doctors to go on indefinite walkout as government rejects final demands
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[Graphic News] Amazon dethrones Google as top global brand
US retail giant Amazon has overtaken tech titans Apple and Google to become the world’s most valuable brand, according to a survey. The brand value of Amazon surged 52 percent to $315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report. Amazon jumped from third to first place to eclipse Google, which slid from first to third place. Apple held on to the second spot. South Korea’s Samsung fell five spots to stand at No. 38.
June 16, 2019
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G-20 finance officials pledge to protect global growth
Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions. The G-20 finance leaders said in a joint communique that risks from trade and geopolitical tensions were "intensifying." They did not refer directly to the tariffs war between the United States and China, though leaders participating in the meetings
June 9, 2019
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[Graphic News] Emerging nations to dominate world economy in 2050
By 2050, China will not only have overtaken the United States, but its economy will be much, much bigger than the US. According to a PwC report, its gross domestic product will stand at around $58.5 trillion compared to the US’ $34.1 trillion (on a purchasing power parity basis). The Asian giant will account for 20 percent of the world’s economy, higher than India at 15 percent and the US at 12 percent. In 2050, the global economy will be led by China, with India in second, follow
June 4, 2019
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Renault shows 'interest' in Fiat Chrysler merger offer
PARIS -- French automaker Renault said Monday that it would study "with interest" a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive.Renault had for years tied its strategy to a partnership with Japanese automaker Nissan but this has come into question after the arrest and subsequent ouster of Carlos Ghosn at both companies.After a board meeting over what it termed a &quo
May 27, 2019
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Renault, Fiat Chrysler in talks on alliance: sources
French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger, informed sources said on Sunday.Renault and FCA are likely to unveil the move "within hours, perhaps tomorrow (Monday), before the (Paris) bourse opens," one of the sources told AFP on condition of anonymity, adding an eventual "merger" was on the agenda.The same source added a statement would cover "the possibility of a convergence bet
May 26, 2019
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Huawei: US controls have 'no impact,' talking to Google
The founder of Huawei expressed confidence Washington's curbs on sales to the Chinese tech giant will have little impact and said Tuesday it is discussing “emergency relief” from Google for possible loss of services for its smartphone business. Huawei Technologies Ltd., the biggest maker of network gear for phone carriers, has ``supply backups'' if it loses access to American components, Ren Zhengfei told Chinese reporters. His comments were broadcast by state TV and other outlets.The Trump admi
May 21, 2019
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[Graphic News] US world’s top crude oil producer
The United States became the world’s top crude oil producer in 2017, surpassing Russia and Saudi Arabia, according to the International Energy Agency. The US produced 14.3 percent of the world’s oil, and Saudi Arabia stood in second place with 12.9 percent with Russia close behind at 12.2 percent. In terms of the volume of oil they produced in 2017, the three countries produced more oil than the next seven countries on the list combined.
May 19, 2019
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Trump delays auto tariff decision by 6 months
US President Donald Trump on Friday delayed a decision on whether to impose tariffs on imported cars and parts by six months.Trump said in a proclamation that he is directing the US.Trade Representative to pursue negotiations on cars imported from the European Union and Japan in that period. (AfP-Yonhap)Trump was expected to decide by Saturday whether to go ahead with imposing tariffs of up to 25 percent on imported autos and parts on national security grounds.He said in the proclamation that he
May 17, 2019
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[Graphic News] Singapore's PM ranks world’s highest-paid leader
The prime minister of Singapore is the highest-paid leader in the world, according to USA Today. Lee Hsien Loong receives $1,610,000 in a year. He‘s followed by the chief executive of Hong Kong, Carrie Lam, and the president of the Swiss Confederation, Ueli Maurer.The president of the United States came in fourth place with $400,000USA today gathered the annual salaries from country’s websites, International Monetary Fund, and the CIA World Factbook.
May 1, 2019
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[Graphic News] Venezuela world's most miserable economy
Inflation that’s projected to reach an eyeball-popping 8 million percent this year has left Venezuela saddled with the title of the world’s most miserable economy. The embattled South American nation topped the rankings of Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 62 economies, for the fifth straight year. Joining Venezuela in the most-distressed crowd are Argentina, South Africa, Turkey, Greece and Ukraine -- each of which retained the same rank as last year,
April 22, 2019
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JPMorgan Chase earnings rise, upbeat on US economy
JPMorgan Chase reported higher first-quarter profits Friday, pointing to a still-solid US economy reflected in more lending and better profit margins on loans.Earnings at the biggest US bank by assets were $9.2 billion, up 5.4 percent from the year-ago period.Revenues were $29.9 billion, up 4.7 percent.Shares rose following the results, which topped analyst expectations.A strong performance in the consumer and community banking division -- the biggest segment by revenues -- was the driver of hig
April 12, 2019
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Japan court says Carlos Ghosn detention extended until April 22
A Japanese court on Friday ruled that Carlos Ghosn will remain in detention until April 22, as prosecutors grill the former Nissan boss over allegations of financial misconduct.His lawyers immediately appealed the decision and have already asked the Supreme Court to intervene in his detention.But unless the appeals succeed, the 65-year-old will be held in custody at a detention centre in Tokyo until April 22, whereupon authorities will either have to press formal charges, release him or re-arres
April 12, 2019
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[Graphic News] Incheon Airport becomes world’s 5th-largest passenger airport
The number of passengers using Incheon Airport reached a new high in 2018, making it the fifth-largest passenger airport in the world. According to Incheon International Airport Corp., Incheon Airport handled 67.7 million international passengers last year, up 10 percent from a year earlier. The latest figure is about 3.3 times the number of passengers logged in 2002, the year after the airport opened. Incheon Airport opened its second terminal last year, increasing maximum passenger capacity
April 2, 2019
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Ford closes 3 factories in Russia in broad overhaul
Ford is closing three factories in Russia as it pulls out of passenger vehicle manufacturing in the country, causing heavy job losses.Ford says it will stop making passenger cars in Russia by the end of June, closing vehicle assembly plants in St. Petersburg and Naberezhnye Chelny, as well as an engine plant in Yelabuga. A worker welds body panels on the shell of a Ford Focus automobile at a Ford Sollers plant in Saint Petersburg, Russia. (Bloomberg)Ford says ``significant employee separations a
March 27, 2019
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[Graphic News] S. Korea becomes top exporter of 77 products in 2017: KITA
South Korea became the No. 1 exporter of 77 products in 2017, a local trade organization showed, on the back of improved performance from the petrochemicals industry. According to the Korea International Trade Association, the number of products enjoying a top market share shipped from Asia’s fourth-largest economy grew from 68 in 2015 and 71 tallied for 2016. China had the highest number of products that topped the global market at 1,720, followed by Germany with 693 and the United States with
March 27, 2019
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[Graphic News] Global hearable market to grow quickly
The world market for wireless hearables is expected to grow quickly over the next two years thanks to the popularity of Apple’s AirPod, an industry report said. The global market is estimated to reach 129 million units by 2020, compared with about 46 million units last year, according to a report from industry tracker Counterpoint Research. The report, however, didn’t provide an estimate for this year’s global sales. The research firm said Apple’s upcoming second-generation AirPod and similar e
March 26, 2019
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[Graphic News] Seoul ranks 7th most expensive city for expats
Paris has climbed to the top of the world‘s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey that named the capital of strife-torn Venezuela as the cheapest. South Korea’s capital city Seoul ranked as the seventh most expensive city. The average price of 1 kilogram of bread was found to be $15.59, while in Singapore it was $3.40. Currency appreciation, inflation and devaluation as well as political upheaval played a part in this year’s rankings, said
March 21, 2019
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[Graphic News] Bezos, Gates still top world’s ultrarich: Forbes
Jeff Bezos remains the world’s richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultrarich, while far behind President Donald Trump jumped 51 spots in the ranking. While things are largely stable up on top of the list, Facebook founder Mark Zuckerberg dropped three spots and former New York Mayor Michael Bloomberg rose by two. According to the list announced by Forbes, the riches of Bezos have swelled by $19 billion in one year and he is now wort
March 14, 2019
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Most powerful banker in Nordics says cutting humans reduces risk
The man running the biggest Nordic bank says that reducing the number of humans working in finance will actually help cut some of the risks in the industry.Casper von Koskull, the chief executive officer of Nordea Bank Abp, predicts that in roughly a decade, his sector will have half as many people working in it as it does now. And that’s a good thing, he said. Casper von Koskull, the chief executive officer of Nordea BankWith cuts on that scale, the finance industry “actually becomes more robus
March 3, 2019
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VietJet to sign major Boeing deal during Trump-Kim summit: sources
Fast-growing Vietnamese budgetairline VietJet Aviation JSC is expected to sign amajor jet deal with Boeing Co on the sidelines of nextweek's Trump-Kim summit, according to sources familiar with the matter.US President Donald Trump and North Korean leader Kim Jong-un will hold their second summit in the Vietnamese capital of Hanoi on Feb 27-28.Holding a signing ceremony during Trump's visit would help emphasize strengthening economic and military ties between the United States and Vietnam. Boeing
Feb. 22, 2019