Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Govt. asks hospitals to mitigate impact of medical professors' absence
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Moon urges efforts to root out job irregularities at public firms
President Moon Jae-in called for swift measures Monday to reduce working hours and eradicate job-related corruption at public firms."Revising the Labor Standards Act to cut working hours is a task we can no longer afford to delay," the president said while meeting with his top presidential aides in a weekly meeting at his office Cheong Wa Dae."As both ruling and opposition parties share the common objective of (improving) the economy and people's livelihoods, I ask them to make re
EconomyDec. 11, 2017
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LG Electronics may adopt iris scanner for next flagship: sources
LG Electronics Inc. has filed a patent related to iris-scanner technology to the UN agency dealing with intellectual property issues, a report said, an indication that the South Korean smartphone maker may adopt an iris scanner for its next flagship smartphone.The Netherlands-based LetsGoDigital said in a report that LG Electronics took the step with the World Intellectual Property Organization.The move suggested that LG Electronics may adopt iris-scanner technology for its upcoming flagship, pr
TechnologyDec. 11, 2017
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Confusion deepens over reducing work hours
Confusion over plans to reduce work hours is deepening, adding to the aggravating conditions faced by local businesses.Ranking members from ruling and opposition parties at a parliamentary committee last month agreed on a draft revision to the labor law to reduce the maximum workweek from 68 hours to 52 hours in three stages depending on company size. But the revised law would leave additional pay for holiday work unchanged at 50 percent of the wages for weekday work.The parliamentary passage of
EconomyDec. 11, 2017
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Hyundai labor union stages more strikes this week
Hyundai Motor’s unionized workers will stage three or four strikes over five consecutive days starting Monday, as it failed to meet halfway with management over raises and job security.Starting with a three-hour partial walkout, workers at car manufacturing plants and auto parts factories are scheduled to stage four-hour partial strikes on Tuesday and Wednesday, respectively, the union said. The entire labor union will continue four-hour partial strikes Thursday and Friday. Hyundai Motor's union
MobilityDec. 11, 2017
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Hyundai delivers Christmas presents to underprivileged
A crew of Hyundai Motor employees dressed in Santa Claus outfits launched a monthlong mission to deliver presents to underprivileged households, the company said Monday. The company hosted the 11th annual Christmas event jointly with ChildFund Korea at its domestic sales division headquarters in central Seoul. During the event, Hyundai delivered 100 million won ($92,000) in donations to ChildFund Korea, the company said.“The popular Kona SUV will act as Rudolphs for this year’s Christmas event.
MobilityDec. 11, 2017
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Korea nerves fray after first-ever bitcoin futures in US
South Korea was not an exception from a bitcoin price spike Monday, as the US began trading a derivative related to the de facto key cryptocurrency on the Chicago Board Options Exchange on Sunday. As of 1 p.m. Monday, bitcoin in South Korea traded at 19.5 million won ($17,900), up 35.8 percent compared to a day prior, according to data from local coin tracker Coinass. The coin price remained about 10 percent higher than the world average, the data also showed. The surge does not necessaril
MarketDec. 11, 2017
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S-Oil donates W2b during holiday season
S-Oil said on Monday that the company has donated 2 billion won ($182,999) to support the have-nots here. The donation was delivered to Community Chest Korea during a donation ceremony held at the CCK‘s headquarters, Monday, the company added. S-Oil CEO Othman al-Ghamdi (left) poses for a photo with CCK Chairman Hur Dong-soo (right) at a donation ceremony held in Seoul, Monday (S-Oil)“S-Oil decided to continue delivering a donation this year so as to pursue one of the company’s core values, sha
IndustryDec. 11, 2017
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Kumho Petrochemical files lawsuit against US government
South Korean petrochemicals producer Kumho Petrochemical said Monday it has filed a lawsuit against the US government over the high anti-dumping duties imposed on the company.In July this year, the US Department of Commerce placed anti-dumping duties of 44.3 percent on emulsion styrene butadiene rubber manufactured by Kumho Petrochemical and 9.66 percent on the products by LG Chem and other companies. (Yonhap)The US International Trade Commission then ruled that imports of Korean ESBR hurt the d
IndustryDec. 11, 2017
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Korean researchers discover new drug candidate targeting avian flu
The Korea Centers for Disease Control & Prevention said that it has discovered that an existing drug substance inhibits the replication of the H5N1 virus that causes the highly pathogenic avian influenza.The Korea National Institute of Health under the KCDC has newly found through in-lab tests on mice that the drug substance mycophenolic mofetil represses the replication of the H5N1 influenza virus.Mycophenolic mofetil is a US FDA-approved drug substance used to address rejection episodes in org
IndustryDec. 11, 2017
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Korea nurtures 2nd Pangyo techno valley
The government said Monday that it will expand a second startup complex near Seoul in a bid to further boost promising local startups and attract foreign companies.The "2nd Techno Valley" in Pangyo, just south of Seoul, is designed to nurture some 1,400 startups, offering workspace and consulting services for funding at cheap prices, according to the finance ministry.Pangyo -- South Korea's answer to Silicon Valley in the US -- is already home to many technology companies, including NCsoft Corp.
TechnologyDec. 11, 2017
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Koreans visiting Japan triple Japanese coming to Korea
The number of Korean tourists visiting Japan between January and October this year rose 40 percent on-year, nearly triple the number of Japanese tourists to South Korea during the same period, industry data showed Monday. According to data collected by the Korea Tourism Organization and Japan Tourism Agency, 5.84 million South Korean tourists visited Japan during the 10-month period in 2017, up from 4.17 million last year. (Yonhap)The number of Japanese tourists here reached 1.9 million, nomina
IndustryDec. 11, 2017
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Samsung to improve Galaxy S9 iris scanner: source
The iris scanner of Samsung’s upcoming flagship smartphone Galaxy S9 will be improved to better recognize users’ eyes, a step that the firm hopes would solidify its lead in biometric verification technology for banking transactions.Iris recognition is biometric identification that uses irises of an individual’s eyes, whose complex patterns are unique, stable, and can be seen from some distance. “Galaxy S9’s iris scanner will have an improved camera lens and functions to make it better to recogni
IndustryDec. 11, 2017
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[PyeongChang 2018] Korea to launch shopping festival for foreigners to boost Olympics
South Korea will hold a nationwide shopping festival for foreign tourists as part of its efforts to pump up next year's Winter Olympics in the country's alpine resort town of PyeongChang, its organizers said Monday.Korea Grand Sale 2018 will kick off on Jan. 18 for a 42-day run throughout the country, providing discounts to foreigners on a variety of options, ranging from flight tickets to accommodation, sightseeing and restaurants, the Visit Korea Committee said. "As the upcoming Korea Grand Sa
IndustryDec. 11, 2017
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Kona I, Linxens to seek cooperation in security business
South Korean smart card maker Kona I and French smart card component maker Linxens have signed a strategic cooperation to expand business for payment and security starting next year, Kona I said Monday. The two companies are reviewing various projects, ranging from telecommunication, e-government, access control, financial services to internet of things, among others, according to Kona I. The two have already been working together, for example, with Linxens providing components such as RFID Ante
MarketDec. 11, 2017
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NCSoft’s ‘Lineage M’ arrives in Taiwan
South Korean game company NCSoft said Monday that it had launched “Lineage M,” a mobile remake of its megahit online role-playing game “Lineage,” in Taiwan via its local publishing partner Gamania Digital Entertainment Co.“Lineage M” is now available for download in Taiwan, Hong Kong and Macau through the Google Play app store and Apple’s App Store, according to NCSoft.Developed by NCSoft, “Lineage M” is a massively multiplayer online role-playing game for mobile devices. It aims to recreate the
TechnologyDec. 11, 2017
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Regulator to call for banks to focus on risks of household debt
The top financial regulator said Monday it will order banks and other financial institutions to improve their risk management for household debt by restricting high-risk debt and improving emergency backstops. Choi Jong-ku, chairman of the Financial Services Commission, told a meeting of journalists that the FSC could amend the calculation system of a loan-to-deposit ratio to help financial institutions better manage risks of household debt. Among the possible measures is to draw a line between
EconomyDec. 11, 2017
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3 Gangnam districts take up 20% of national inheritance
Seoul residents inherited over 23 trillion won ($20.9 billion) over the last five years, which is 45 percent of the total inheritance that occurred across South Korea in the cited period, data released by the National Tax Service showed Sunday.In particular, the inheritance scale was big in Gangnam, Seocho and Songpa -- the three major affluent districts located in southern Seoul -- where a combined 10 trillion won was marked in inheritance. This accounted for 43 percent of the capital city&rsqu
EconomyDec. 11, 2017
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Korea, Britain to hold talks over post-Brexit trade deal
Trade officials of South Korea and Britain will meet this week to discuss ways to forge a new trade deal after London exits from the European Union, Seoul's trade ministry said Monday.South Korea signed a free trade agreement with the EU in 2011, but it will have to strike a fresh deal with Britain once it formally leaves the 28-nation bloc in March 2019.South Korea's Ministry of Trade, Industry and Energy and Britain's Department of International Trade formed a trade working group in December a
EconomyDec. 11, 2017
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Bitcoin futures rise as virtual currency hits major exchange
The first-ever bitcoin future began trading Sunday as the increasingly popular virtual currency made its debut on a major US exchange. The futures contract that expires in January rose $340 to $15,800 in the first hour and 15 minutes of trading on the Chicago Board Options Exchange. The contract opened at $15,460, according to data from the CBOE.The CBOE futures don't involve actual bitcoin. They're securities that will track the price of bitcoin on Gemini, one of the larger bitcoin exchan
MarketDec. 11, 2017
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Korean visitors to Japan soar 40% this year
The number of South Korean tourists to Japan spiked 40 percent in the first 10 months of this year amid a slight rise in Japanese tourists visiting here, data showed Monday.According to the data by the Korea Tourism Organization and its Japanese counterpart, 5.84 million South Koreans visited the neighboring country in the January-October period, compared with 4.17 million during the same period a year earlier.The figure is well in excess of the 5.09 million South Korean visitors to Japan for th
IndustryDec. 11, 2017