Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Love makes brain ‘blind’
When a person looks at the person he or she adores, parts of the brain linked to judgment, fear or other negative emotions close down, according to a new study by British scientists.“When you look at someone you are passionate about, some areas of the brain become active … But a large part is deactivated, the part that plays a role in judgment,” said Semir Zeki, professor from Department of Cognitive Neurology, University College London. In the study “The neural basis of romantic love,” Zeki and
TechnologyNov. 12, 2012
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Eating late linked to weight gain
A study on mice has suggested that eating at night can affect metabolism and cause weight gain.“A relatively modest shift in food consumption into what is normally the rest period for mice can favor energy storage,” said Georgios Paschos from the Perelman School of Medicine at the University of Pennsylvania, who participated in the research.According to the study, mice that had the “clock gene” ARNTL removed from them tend to eat in the daytime instead of at night, which is unusual because mice
TechnologyNov. 12, 2012
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Hamburger takes balloon ride into space
A group of Harvard students say they aren‘t sure what happened to the first hamburger to be launched into space, but they suspect a squirrel made off with it.The burger was carried into space last month aboard a helium balloon and was missing from its container when the balloon fell back to earth and landed in a tall tree in Massachusetts.Renzo Lucioni told The Boston Globe he and his colleagues had to hire a tree trimmer to go up the 100-foot tree and retrieve the deflated balloon, but the sand
TechnologyNov. 12, 2012
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Seoul shares open lower on foreign selling
South Korean stocks opened lower on Monday as foreign investors and institutions offloaded local shares, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) declined 5.27 points, or 0.28 percent, to 1899.14 in the first 15 minutes of trading.Big-cap tech firms led the decline, with market bellwether Samsung Electronics falling 0.45 percent and flat panel giant LG Display sliding 1.13 percent. Top chipmaker SK hynix moved down 1.57 percent.Logistics shares also traded in negativ
Nov. 12, 2012
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Korea posts first surplus in cultural trade balance
Buoyed by surging popularity overseas of K-pop, the nation’s trade balance in the culture and entertainment service sector was positive for the first time ever, data showed Sunday.The trade surplus of cultural and entertainment products, including movies, music, TV programs and games, reached $37.3 million over the first three quarters this year, according to financial information provider FnGuide and the Bank of Korea. The turnaround is noteworthy as the balance had been in the red in the indus
IndustryNov. 11, 2012
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Samsung takes up half of U.S. premium TV market
Samsung Electronics topped TV sales in the U.S. for the first nine months of the year, and took up nearly half of the country’s premium TV market share. The South Korean electronics giant took up 29.1 percent of the U.S. television market up for the January-September period, NPD Group, a North American market research company, said on Sunday. Samsung was followed by Vizio, which took up 11.5 percent, LG Electronics with 10.2 percent, Sharp with 7.4 percent, and Panasonic with 5.4 percent. Samsun
IndustryNov. 11, 2012
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Pundit predicts presidents, storms and life with statistics
WASHINGTON (AP) ― Forget political pundits, gut instincts, and psychics. The mightier-than-ever silicon chip seems to reveal the future.In just two weeks this fall, computer models displayed an impressive prediction prowess.It started when the first computer model alerted meteorologists to the late October disaster headed for the U.S. Northeast from a bunch of clouds in the Caribbean. Nearly a week later, that weather system became Hurricane Sandy and grew into a superstorm after taking a once-i
TechnologyNov. 11, 2012
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Over 70% of Korean firms back FTA with China
More than seven in 10 South Korean companies support a free trade agreement between China and South Korea, calling for the government to take proactive measures to minimize potential damage, a poll showed Sunday.The survey of 500 South Korean companies conducted by the Korean Chamber of Commerce and Industry found that 71.3 percent of the respondents favored an FTA with China, with 28.7 percent opposing it. However, 84.8 percent of the companies polled said that the South Korean government shoul
Nov. 11, 2012
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Number of nighttime entertainment spots falls
The number of room salons, night clubs and other entertainment spots in South Korea declined for a third straight year in 2011, affected by the prolonged economic slump, the country’s tax agency said Sunday.According to data by the National Tax Service, the number of people running such nighttime entertainment spots came to 6,548 last year nationwide, down 10.25 percent or 748 from a year earlier.This marked the third straight year of declines since 2009, when it stood at 7,491. The figures are
Nov. 11, 2012
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SK launches global fund for overseas investment
SK Group, South Korea’s third-largest conglomerate, has set up a global fund to secure capital needed for the group’s overseas investment efforts, its officials said Sunday.The private equity fund named “SK KDB Global Investment Partnership” was formed in cooperation with the state-run Korea Development Bank and the National Pension Service, according to the officials.The fund size is about 500 billion won ($459.7 million), and SK Group expects that the amount could reach up to 1 trillion won in
Nov. 11, 2012
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Shares set to remain tepid on U.S. ‘fiscal cliff’
The South Korean stock market is likely to remain downbeat this week as uncertainties over the U.S. “fiscal cliff” continue to dent investor sentiment, analysts said.The benchmark Korea Composite Stock Price Index finished at 1,904.41 last week, down 0.74 percent from the previous week, as steep losses in key automakers weighed on the main index.The KOSPI plunged to the low 1,900-level as shares of Hyundai Motor and Kia Motors tumbled following their fuel efficiency scandal in the United States.
Nov. 11, 2012
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Financial firms to eliminate up to 3,400 workers this year
Financial companies in South Korea will likely cut their workforces by up to 3,400 this year, industry data showed Sunday, pointing to harsh times that they are experiencing in the face of the prolonged economic slump.Korean banks and foreign banks operating in the country will cut a combined 1,800 workers by the end of this year, while insurers will reduce their workforce by 600. Card and capital companies will also eliminate about 1,000 workers, according to the data.The number of jobs to be e
Nov. 11, 2012
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LS Cable & System chief to head LS Group
LS Group said Sunday that its board members have picked LS Cable & System chairman Koo Cha-yol as the next chairman of the business group.The incumbent LS Cable chairman will replace the outgoing chairman John Koo, who is scheduled to step down from his post on Dec. 31. The two figures are cousins.John Koo will be in charge of supportive activities for the conglomerate in terms of fostering talented employees, overhauling corporate culture, upgrading brand image and enhancing social contribution
IndustryNov. 11, 2012
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Shipbuilders turn to offshore building projects
The nation’s leading shipbuilders are shifting their focus to offshore plant building from traditional shipbuilding, which faced a sharp fall in orders throughout the year amid the prolonged economic recession in Europe. Hyundai Heavy Industries announced on Sunday it has built a production line on 202,000 square meters of land within the Onsan industrial complex in Ulsan to produce modules used to construct offshore plants. About 50,000 tons of large-sized modules for offshore plants will be pr
Nov. 11, 2012
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Government to limit firms’ power use
The government plans to launch measures to cut power use this week to prevent a possible blackout during the winter.“It is inevitable that the government will launch a full-scale power-saving campaign, including limits on power usage of businesses, to cope with unprecedented serial shutdowns of nuclear power reactors,” said an official from the Ministry of Knowledge Economy on Sunday. Three nuclear reactors, each with a power generation capacity of 1,000 megawatts, stopped operations last week d
Nov. 11, 2012
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Hyundai Motor finishes global plants
Hyundai Motor has completed its establishment of vehicle assembly lines on four continents ― Asia, Europe, North America and South America ― by recently launching a factory in Brazil.The company has been rolling out 1 million vehicles per year in China, 600,000 units in India, 300,000 units in the United States, 300,000 units in the Czech Republic, 200,000 units in Russia and 100,000 units in Turkey.At a ceremony to celebrate opening of the Brazilian plant in Sao Paulo over the weekend, chairman
IndustryNov. 11, 2012
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BMW widens its luxury-car sales lead after Oct. gain
Bayerische Motoren Werke AG widened its lead in luxury-car sales last month as demand for the 1- Series and X1 compact models helped it outpace gains by German rivals Audi AG and Daimler AG’s Mercedes-Benz. BMW-brand deliveries increased 15 percent to 132,823 cars and sport-utility vehicles in October, the Munich-based manufacturer said in a statement. That compares with growth of 14 percent to 123,600 deliveries at Audi and 6 percent to 109,632 vehicles at Mercedes. Even with the debt crisis de
MobilityNov. 11, 2012
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Female leadership gains ground in auto industry
GM Korea, the Korean unit of U.S.-based General Motors, has the largest number of female executives at 17 among carmakers operating here. The figure compares to none for Hyundai Motor and one for its affiliate Kia Motors ― the two companies that claim almost 80 percent of the nation’s car market. “Investing in women is the right thing to do,” said GM Korea CEO Sergio Rocha. “We promote them not because they wear skirts, but because of their skills and capabilities.”Over the past 10 years in Kore
MobilityNov. 11, 2012
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S. Korea's trade balance in cultural and entertainment products posts surplus
South Korea's trade balance in music, movies, games and other entertainment products has posted a surplus so far this year, helped by the growing popularity of Korean culture, data showed Sunday.The trade surplus involving personal, cultural and entertainment products came to $37.3 million up until the third quarter, according to the data provided by financial information provider FnGuide and the Bank of Korea.This marked a turnaround from a deficit of $218.5 million tallied during the same peri
Nov. 11, 2012
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Self-interest without feeling guilty makes people happier
People are happier when a self-benefiting option is imposed upon them because it frees them from having to take responsibility for the outcome, U.S. psychologists have found. Jonathan Bermand and Debrah Small of The Wharton School of the University of Pennsylvania speculated that removing an individuals’ sense of agency would remove their feeling of responsibility for an outcome, leaving them free to enjoy their own interests without feeling selfish.The two scientists conducted a laboratory stud
TechnologyNov. 11, 2012