Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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[Robert J. Fouser] Social attitudes toward language proficiency
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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[Graphic News] Mobile shopping soars in Q2
Nearly half of consumers here -- 47 percent -- visited online shopping websites on their smartphones in the second quarter of this year, while 44 percent accessed such websites through computers, according to an e-commerce cloud service provider Monday.However, when it comes to purchasing goods online, payments via computers made up 61 percent of total e-commerce transactions, while purchases made on smartphones stood at 27 percent, Demandware said. Worldwide e-commerce transactions are expected
IndustrySept. 12, 2016
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Luke Korea’s Golden Care to gain 100,000 members by year’s end
Luke Korea, which operates a mobile healthcare platform, announced on Monday that it expects to secure 100,000 members by the end of 2016. Golden Care, the company’s cloud-based mobile platform, currently has 15,000 registered members. More members translates to better data credibility, which allows for the provision of higher quality services. Luke Korea CEO Kim Seung-soo demonstrates Golden Care, a mobile healthcare platform. (Photo by Ahn Hye-ran, intern reporter)Luke Korea’s Golden Care dis
TechnologySept. 12, 2016
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[Herald Interview] Growing in the air
Forget sunshine and soil to grow leafy greens and fresh vegetables for health-conscious consumers. A US venture firm is leading a new wave of future agriculture by adopting the latest technology to produce something more fresh, safe and environmentally conscious at the heart of urban spaces. Instead of growing crops on land with the use of pesticide and water, a Newark-based AeroFarms is running high-tech greenhouses to produce high quantities of nutritious and quality fresh food all year round.
IndustrySept. 12, 2016
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S. Korean scientists see progress on mouse gene technology
Since a project to determine the sequence of chemical units in human genetic material was launched under the name of the Human Genome Project in 2000, many scientists around the world have tried to decode the mysteries of the human genome. At the center of this endeavor is the mouse phenotypic analysis, a method that takes advantages of the fact that mice and humans share virtually the same set of genes.South Korean scientists are part of such efforts. The nation’s attempt to develop such a cent
TechnologySept. 12, 2016
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Minimum wage hike ineffective to reduce poverty
Minimum wage hike ineffective in poverty reductionBy Kim Kyung-hoSkepticism has been raised over the effect of a minimum wage increase on reducing income inequality in the country.Contrary to its purported purpose of supporting low-income laborers, critics note, the minimum wage raise has mainly helped increase the income of middle-class workers, who account for 44 percent of employees entitled to a minimum wage. They also argue a minimum wage hike may result in fewer job opportunities for low-i
Sept. 12, 2016
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LG has no plan to roll out V20 in Europe soon
LG Electronics confirmed Monday that it has no plan to roll out its new premium smartphone V20 in Europe for the time being. “We have no plan to roll out V20 in Europe for the time being because there is less demand for smartphones with big screens in the region compared to Korea or North America,” Seoul-based LG Electronics’ spokesperson told The Korea Herald.However, he cautiously added, “The plan may still be changed in the future,” citing that the previous model V10 was also launched in Euro
TechnologySept. 12, 2016
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Hyundai Motor bets on hydrogen fuel-cell cars
Hydrogen fuel-cell cars may eventually become a common sight on Korean roads as the government and the nation’s largest automaker Hyundai Motor are making efforts to spread usage of the new eco-friendly vehicles. Hyundai Motor said Monday it would launch taxi and car-sharing businesses with its hydrogen powered cars in the nation, a move which came a month after the government set up a control tower to boost the growth of eco-friendly cars. (Yonhap)The automaker said it plans to start its pilot
MobilitySept. 12, 2016
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Korean shares crash more than 2% on North's nuke test, Samsung
South Korean shares sank 2.28 percent Monday to hit an almost three-month low, as investors were spooked by continued setbacks in the global market and growing geopolitical tensions following North Korea's nuclear test, as well as a sharp drop in top market cap Samsung Electronics, analysts said. The local currency fell sharply against the US dollar.The benchmark Korea Composite Stock Price Index dropped 46.39 points to 1,991.48. Trading volume was moderate at 41.87 million shares, worth 4.75 tr
Sept. 12, 2016
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Samsung’s brand loyalty unaffected by Galaxy Note 7 recall: online surveys
The recent large-scale recall of the Galaxy Note 7 smartphone over faulty batteries has not significantly impacted foreign consumers’ brand loyalty to Samsung Electronics, according to some online polls by internet news websites on Monday. According to an online survey of 11,759 internet users by US technology news website Android Police, around 39 percent said that the recall “hasn’t affected my trust or perception of Samsung’s brand (whether positive or negative).”Some 36 percent of the respon
TechnologySept. 12, 2016
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Forest healing essay contest
The Herald Business is pleasantly co-organizing a forest healing essay contest in partnership with the Korea Forest Service and the Korea Forest Welfare Institute, or FoWi. Sponsored by the Green Fund, the contest has been organized to promote the value of forests and their positive healing effects on wounded hearts. Essay topicAny personal healing experience from forestsExperiences of having overcome an array of problems, such as cancer, depression, alcoholism, game addiction or family problems
IndustrySept. 12, 2016
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SC Bank, Payco offer points swap service
Standard Chartered Bank Korea has launched a points swap service with online mobile payment platform Payco, the bank said Monday. The service allows customers to convert the bank’s 360Reward points to Payco points. Customers can use Payco points at major internet retailers such as Tmon Interpark, CJmall, Hmall, Ticketlink and Bugs and also at offline franchise chains such as Ediya Coffee and Artisee. A model promotes SC Bank Korea‘s points swap service. (SC Bank Korea)Standard Chartered custome
Sept. 12, 2016
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Shinhan Bank expands services for foreigners
Shinhan Bank is expanding its services for foreigners, as they make up a steadily growing pool of potential clients in Korea that remain largely untapped. The nation’s leading bank rolled out the “K-onepass” debit card for foreigners in May, which doubles as a deferred-payment transportation card. The card also offers an array of benefits including discounts on dining and shopping. A Shinhan International Finance Center employee consults a foreign customer. (Shinhan Bank)At Shinhan Internationa
IndustrySept. 12, 2016
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[Kosdaq Star] High prospects for Koh Young’s 3-D inspection solution
Growth prospects look bright for Koh Young Technology, the global No. 1 investor and provider of 3-D electronics inspection equipment, with electronic gadgets growing in sophistication and dominating daily lives. Established in 2002, Koh Young is a leading provider of 3-D solder paste inspection, called SPI, and 3-D automated optical inspection equipment, known as AOI, for about 1,800 smartphone makers, auto part makers and defense-related businesses around the world. The firm produces inspectio
Sept. 12, 2016
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Exports drop amid Hanjin crisis
Partly due to the Hanjin Shipping crisis, South Korea’s exports decreased this month, data showed Monday. According to the Korea Customs Service, the amount of exports fell by 3.6 percent to $13.5 billion from Sept.1-10 on-year. The monthly export amount rebounded in August with a 2.6 percent rise, after 19 months of decline. By types of exported items, telecommunication-related equipment, vehicles, and home electronics plummeted by 21.3 percent, 30.8 percent and 25.7 percent, respectively.By re
IndustrySept. 12, 2016
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[Newsmaker] LG Chem merger with LG Life Sciences to boost biotech business
South Korea’s top chemicals company LG Chem on Monday said it has decided to merge with its biopharmaceuticals unit LG Life Sciences to drive up its competitiveness in the biotechnology business. The two companies said in a joint regulatory filing that each company approved of the merger -- plans for which had been recently publicized via media reports -- during a board meeting Monday.“The merger reflects LG Group’s aims to nurture its biotechnology business and bridges the strategic needs of th
IndustrySept. 12, 2016
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Apple's wireless earbuds get cool reception in South Korea
The new wireless earbuds from Apple Inc., AirPods, have been getting a skeptical reception from some industry watchers and users in South Korea, mainly because of their relatively short battery life and high price.Unveiling the new iPhone last week, Apple showed that it had ditched the ubiquitous headphone jack for the smartphone. While Apple described the removal of the 100-year-old audio jack as "courageous," some critics raised questions about the sound quality of wireless earbuds. The AirPod
TechnologySept. 12, 2016
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Korean shares sharply down in late morning trading
South Korean shares traded 1.82 percent lower late Monday morning as investors dumped large-cap shares, spooked by heightened economic woes and growing geopolitical risk following North Korea's nuclear test.The benchmark Korea Composite Stock Price Index (KOSPI) dipped 39.19 points to 1,998.68 as of 11:20 a.m.Key events are ahead this week with possible US rate hike at the Federal Open Market Committee (FOMC) meeting. North Korea ramped up regional tensions last week by conducting its fifth nuc
Sept. 12, 2016
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Exports drop 3.6% in first 10 days of Sept.
South Korea's exports retreated 3.6 percent in the first 10 days of September from a year earlier, the latest customs data showed Monday, clouding a sustainable recovery in outbound shipments down the road.Outbound shipments totaled $13.5 billion from Sept. 1-10, down from $14 billion tallied over the same period last year, according to the Korea Customs Service.Exports of semiconductors fell 5.2 percent on-year, and those of cars plunged 30.8 percent over the 10-day period, offsetting a 19 perc
IndustrySept. 12, 2016
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Online surveys show Samsung's brand loyalty not affected by Note 7 recall
The mass recall of the Galaxy Note 7 smartphones over a battery problem has not largely affected foreign consumer loyalty to Samsung Electronics Co.'s brand, separate online surveys by Internet news websites showed Monday.According to an online survey of 11,621 Internet users by a US technology news website, Android Police, 39 percent said the recall "hasn't affected my trust or perception of Samsung's brand."The survey began on Sept. 4.Another 36 percent responded that they are "actually more t
TechnologySept. 12, 2016
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Korea's home transactions gain 4.3% in August
South Korea's home transactions gained 4.3 percent from a year earlier last month, government data showed Monday, amid growing concerns over mounting household debt.The number of home transactions came to 98,130 in August, up from 94,110 tallied over the same month last year, according to the Ministry of Land, Infrastructure and Transport. The total number of transactions has been on a steady rise since February when it dropped to 59,000, following tightened bank loan guidelines aimed at cooling
Sept. 12, 2016