Most Popular
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Naver’s Line ownership in jeopardy as Japan ups pressure
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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[Weekender] How DDP emerged as an icon of Seoul
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Today’s K-pop] NewJeans' single teasers release amid intrigue
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups ④ Danuon
Danuon is a company that develops mobile games for visually impaired users. After starting out as a social venture corporation in 2013, it was chosen as one the startups to be incubated at the Gyeonggi Center for Creative Economy & Innovation last September.Danuon will soon be releasing two new mobile games, including Cybathlon (tentative title), which may be released as early as this week. With its title created by combining “cyber” and “athlon,” Cybathlon is a game that involves a character co
IndustryDec. 11, 2015
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Mobile transactions brisk at online malls
Online payments using mobile devices have continued to rise in South Korea this year thanks to the widespread use of smartphones and easier transaction options tailored for tech-savvy consumers, industry data showed Friday.11th Street and GMarket, the nation's two leading open market operators, received about half of their online payments via mobile last month, the companies said, without elaborating on the total amount.The average mobile transaction ratio for 11th Street added 13 percentage poi
TechnologyDec. 11, 2015
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Hyundai Motor's PHEV engine picked as one of world's top 10
An eco-friendly power train of Hyundai Motor Co., South Korea's leading automaker, has been selected as one of the global top 10 engines by a major U.S. automotive magazine, the company said Friday.WardsAuto included the power train used in Hyundai Motor's Sonata plug-in hybrid vehicle in its world's top 10 engine list, according to the automaker.This marked the second straight year that Hyundai Motor's eco-friendly power train has made the list. In 2015, the power train used in the Tucson fuel-
MobilityDec. 11, 2015
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Korea's import, export prices drop at faster rate in Nov.
South Korea's export prices continued to slip at a fast rate in November largely due to a sharp cut in raw material prices, the central bank said Friday.Export prices, in local currency terms, dropped 8.6 percent on-year last month, quickening from a 6.2 percent cut in the previous month, according to preliminary data from the Bank of Korea."Export prices in November dropped 1 percent from the previous month due to a cut in prices of home appliances, coal and petroleum products," the central ban
Dec. 11, 2015
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Korea prepared for U.S. rate hike
The looming monetary tightening in the U.S. is unlikely to have a major immediate impact on Korea, Bank of Korea Gov. Lee Ju-yeol said Thursday, as the central bank held its key rate steady at a record low level. “The (BOK’s) Monetary Policy Board reached a consensus on a rate freeze, with signs of ailing domestic demand, expectations of a U.S. rate hike and other related global uncertainties,” Lee said in a press briefing at the bank’s headquarters in central Seoul. Bank of Korea Gov. Lee Ju
Dec. 10, 2015
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Saudi fund joins POSCO E&C board
Public Investment Fund, a sovereign fund of Saudi Arabia, will have a say in the management of POSCO Engineering & Construction by securing two seats on its six-member corporate board. The builder said Wednesday it appointed two board members recommended by the Saudi fund, the firm’s second-largest shareholder. PIF purchased a 38 percent stake in POSCO E&C, the construction arm of POSCO, for 1.24 trillion won ($1.08 billion) in June this year in its efforts to secure international vendors for i
BusinessDec. 10, 2015
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Rabitos Royale chocolates enters Korea
Rabitos Royale chocolate-stuffed figs -- Spain’s flagship chocolate brand -- will be officially launched in South Korea next Wednesday on Dec. 16. The chocolate will debut via the “Spain Gourmet” fair taking place inside the Hyundai Department Store’s Pangyo branch in Gyeonggi Province, according to its local importer PM Elpise. Rabitos Royale chocolates are made by stuffing a fig with brandy-infused chocolate truffle and later smothered once again in dark chocolate. It enjoys international pop
IndustryDec. 10, 2015
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Bourjois launches limited-edition holiday collection
Paris-based cosmetics brand Bourjois has launched a limited-edition holiday collection dubbed “Nights in Paris,” inspired by France’s capital city, in South Korea. Bourjois’ best-selling Java Rice Loose Powder, priced at 36,000 won ($31), has been specially infused with sparkling glitter for a shimmering look for the holiday collection. Two new types of Smoky Story eyeshadow palettes, priced at 24,000 won, and a special shade of its flagship lipstick Rouge Edition Velvet (28,000 won) have been l
IndustryDec. 10, 2015
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CNP Cosmetics launches ampule mist
CNP Cosmetics, a leading cosmetics brand under South Korea’s LG Household and Health Care, has transformed its two best-selling ampule products into facial mists. CNP’s flagship Propolis Energy Ampoule is made with propolis extracted from beehives and immediately delivers moisture and nutrients to the skin. The Laboratory Mugener Ampoule is based on glycosaminoglycans and madecassoside, substances that offer protection for sensitive skin. These two ampules are now available in mist bottle form,
IndustryDec. 10, 2015
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Jamba Juice introduces new ‘hot juice’ flavors
Jamba Juice, a smoothie brand operated by South Korea’s SPC Group, has launched two new flavors to its “Hot Juice” menu for the winter season. These warm juices -- made with freshly squeezed raw fruits without added water - are now available in grapefruit-apple and lemon-apple flavors, in addition to six existing flavors including orange, grapefruit and Jejudo Island’s satsuma orange. “Jamba Juice added the new flavors to its hot juice lineup, a popular seasonal menu during the winter, to offer
IndustryDec. 10, 2015
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Mr. Pizza opens 5th U.S. store
Mr. Pizza, a pizza franchise operated by South Korea’s MPK Group, has opened its fifth store in the United States inside the Westfield Century City shopping mall in California. The new Los Angeles location of Mr. Pizza is on the third floor of the Westfield mall, considered among the largest shopping complexes in the U.S. The Korean pizza franchise will feature a diverse menu of pastas and pizzas made with handmade dough, toppings and baking methods, as well as “special combo” value sets priced
IndustryDec. 10, 2015
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Outdoor clothing industry struggles with saturation
As the heyday of the outdoor goods industry in Korea has long passed, related companies are struggling in a saturated market with slowing domestic sales.Customers browse winter jackets at a department store in Seoul during a sale event last month. (Yonhap)The market for outdoor goods boomed between 2005 and 2012 with growth rates often reaching more than 20 percent as people spent more time in the hills and mountains to get away from the stress of work and keep fit. But the segment’s domestic ma
IndustryDec. 10, 2015
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Reebok, Wood Wood launch collaborative collection
Reebok Classic has joined hands with Danish fashion brand Wood Wood to launch a collaborative collection infusing contemporary sportswear style with street fashion in South Korea. Dubbed the Reebok Classic by Wood Wood, the collection was inspired by the street style of the ‘90s, when sports fashion was at the peak of public attention. It features tracksuits, sweatshirts and padded jackets, among other items, which combine the design philosophies of the two brands. “Reebok Classic’s sporty iden
IndustryDec. 10, 2015
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Ellesse to reemerge as stylish performance wear brand
Italian sportswear brand Ellesse is set to reemerge as a stylish performance wear brand next year, introducing a revamped lineup of colorful, trendy active wear to South Koreans. Under the new slogan “Add color to your game,” the repositioned brand will seek to target younger consumers, particularly females, with three high-performance wear categories -- active, lifestyle and heritage. Zic Company, a local sportswear manufacturer, will be exclusively marketing and selling Ellesse products afte
IndustryDec. 10, 2015
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LG CNS CEO stresses pragmatic management
LG CNS president and CEO Kim Young-sub stressed pragmatic approach at work for better communication and efficiency in his inauguration message to employees Thursday. Kim, former senior vice president at LG Uplus, took office as new CEO of LG CNS, the IT solutions unit, last month. Prior to working at LG Uplus, he had served diverse positions at LG CNS, including chief financial officer, for 11 years. “It is great to come back,” he said. “I also feel heavy responsibility about my new task.” He as
TechnologyDec. 10, 2015
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Paris Baguette Market opens in Gangnam
Paris Baguette, South Korea’s largest franchise bakery chain has opened a new market-style store dubbed “Paris Baguette Market” near Sinnonhyeon Station in Gangnam, Seoul. The store was established as a “lifestyle bakery” offering not only diverse baked goods, but also a “Snacking” corner featuring light meals, as well as a “Delicatessen” selling cheese, butter, milk, processed milk and wine, among other goods, according to the brand. The Paris Baguette Market will also reintroduce two signatur
IndustryDec. 10, 2015
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Daelim to establish joint venture with IDB Infrastructure
Daelim Energy, a unit of South Korea’s energy- and construction-centered conglomerate Daelim Group, plans to establish a joint venture with the Islamic Development Bank’s Infrastructure Fund II in Dubai, it said Thursday. The two sides will invest up to $200 million to launch Daelim EMA, which will carry out investments in the energy sector in the Middle East, Africa and southwest Asia. Daelim said it will be in charge of the management and business development of the joint venture, without disc
IndustryDec. 10, 2015
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[Photo News] SKT opens lab for virtual reality
SKT OPENS LAB FOR VR -- SK Telecom launched a research and development center Thursday for virtual reality technology called the OpenNFV Lab together with network equipment firm Hewlett Packard Enterprise in Bundang, Gyeonggi Province. In the photo, Park Jin-hyo (fifth from left), head of SKT’s network technology research and development center, poses with officials from both firms at the opening ceremony of the lab.(SKT)
TechnologyDec. 10, 2015
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[Photo News] Korea-Australia FTA reaches 1st anniversary
KOREA-AUSTRALIA FTA ANNIVERSARY -- Australian ambassador to South Korea Bill Paterson (left) and director general of the trade policy bureau at the Korean Ministry of Trade, Industry and Energy Park Jin-kyu pose during a ceremony held in Seoul on Thursday to celebrate the upcoming one-year anniversary of the Korea-Australia FTA. The bilateral free trade pact took effect on Dec. 12, 2014. (Australian Embassy in Korea)
IndustryDec. 10, 2015
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[Photo News] Samsung UHD TV sweeps award
SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New award, the tech giant said Thursday. U.S. science magazine Popular Science picks the greatest innovations every year in different industrial categories including aerospace, auto and entertainment for the accolade. (Samsung Electronics) SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New
TechnologyDec. 10, 2015