Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Seoul shares dip on weak eurozone woes, N. Korea
South Korean stocks closed 0.23 percent lower Thursday due to lackluster U.S. corporate earnings, eurozone concerns and North Korea’s threat, analysts said. The local currency fell against the U.S. dollar.The benchmark KOSPI fell 4.67 points to close at 1,999.86. Trading volume was moderate at 405 million shares worth 4.02 trillion won ($3.52 billion), with losers outpacing gainers 534 to 299.“U.S. economic data is improving, but the slow pace of recovery, as seen by weak tech companies earnings
April 19, 2012
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Korean shipyards win half of world’s ship orders in 1st quarter
South Korea continued to lead the world’s shipbuilding market in the first quarter of 2012 by winning half of all global orders in terms of weight, the government said Thursday.In the first quarter, the country’s shipbuilders secured orders for 60 ships worth $7.9 billion and totaling 1.93 million compensated gross tons in the January-March period, according to the Ministry of Knowledge Economy. The figure represents 50.7 percent of 3.80 million CGTs worth of global orders placed during the cite
April 19, 2012
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Corporate failures drop in March: BOK
The number of South Korean corporate bankruptcies fell to a record low in March as more manufacturers and service-related companies stayed afloat than the month before, the central bank said Thursday. The number of companies that went insolvent after defaulting on promissory notes declined to 90 last month from 94 in February, the Bank of Korea said. “The change is so small, there is no distinct reason for the dip last month, although the country’s economy being able to pull off steady gains ami
April 19, 2012
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FSS to probe banks’ insurance sales
Regulators to punish lenders for irregular loan issuance in MayCommercial banks will soon face a strict regulatory crackdown for possibly irregular practices in sales of “bancassurance” products, officials said.The Financial Supervisory Service plans to dispatch a group of inspectors to the headquarters of major banks such as Kookmin, Woori and Hana, starting in the coming weeks.In the same vein, several insurance companies, including Samsung Life and Korea Life, could be the target of close mon
April 19, 2012
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Korea is laboratory for big data analytics: professor
Companies that better analyze today’s soaring amount of data, not those with the ownership, will be the big winners in this era of big data, a global analyst said in Seoul on Thursday. Korea, in particular, has great potential to lead other countries in data analytics, according to Thomas Davenport, professor at Babson College, who is visiting here to attend the Entrue World 2012 conference.“It’s a real opportunity to analyze all the mobile phone data that is being accumulated in Korea. The nati
IndustryApril 19, 2012
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Project back on track to make Yeosu oil hub of Northeast Asia
KNOC pushing to build another oil storage facility in UlsanThe Korea National Oil Corporation’s ambitious scheme to develop Yeosu, South Jeolla Province into an oil hub of Northeast Asia comparable to Europe’s ARA (Amsterdam, Rotterdam and Antwerp) and Singapore’s Jurong Island has finally begun to proceed smoothly.An oil tank terminal with a capacity to store 8.2 million barrels of crude oil and petroleum products is under construction in Yeosu. Oil Hub Korea Yeosu, a subsidiary of the KNOC,
IndustryApril 19, 2012
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Texas OKs experimental stem cell therapy rules
AUSTIN, Texas (AP) ― The Texas Medical Board on Friday approved new rules on experimental stem cell therapies such as the one Gov. Rick Perry underwent during back surgery last year, despite objections they don’t do enough to protect patients and could led to an explosion of doctors promoting unproven, expensive treatments.The rules require patients to give their consent, and a review board must approve the procedure before doctors use stem cell treatments.Supporters say establishing formal rule
TechnologyApril 19, 2012
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Fertility treatment bans in Europe draw criticism
LONDON (AP) ― More than three decades after Britain produced the world’s first test-tube baby, Europe is a patchwork of restrictions for people who need help having a child.Many countries have strict rules on who is allowed to get fertility treatments. And recent court rulings suggest nothing’s likely to change anytime soon.France and Italy forbid single women and lesbian couples from using artificial insemination and in vitro fertilization, or IVF, to conceive. Austria and Italy are among those
TechnologyApril 19, 2012
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Fatty liver disease afflicts obese youths
ST. LOUIS ― Jake Watters is a typical teenager who loves listening to music, playing video games and annoying his parents. But he also faces a health challenge that used to only be seen in much older people.Fatty liver disease, a condition historically diagnosed in adults with diabetes or alcoholism, is increasingly diagnosed in obese children and teens.About 6 million young people in the U.S. have the chronic condition that can lead to liver scarring, inflammation and failure. Nearly all of the
TechnologyApril 19, 2012
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Dentists a stop for beauty business too
Your teeth and jaw are hugely important to your appearance. Think of the many TV personalities and sports stars whose appearances have benefitted from corrective jaw bone surgery. Though your eyes, nose, forehead, eyebrows and lips may be perfect, a simple protrusion or retrusion of your teeth or asymmetrical jaw line can make a huge difference to how you look, says Dr. Lee Jin-gew, oral and maxillofacial surgery specialist at M Dental Clinic.“From an aesthetic point of view to health reasons, o
TechnologyApril 19, 2012
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Pollen-induced allergic rhinitis
In spring when all things come to life, buds appear on the trees and pollen fills the air. But there are some patients who fear going outside during this good season. These patients have allergies that include allergic rhinitis, or inflammation of the nasal passage, conjunctivitis and allergic asthma. Allergic rhinitis is defined as the specific response of the nose to a variety of stimuli. In addition, pollen-induced allergies are defined when the pollen acts as an antigen and triggers allergy
TechnologyApril 19, 2012
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Advanced analytics will create new paradigm: LG CNS chief
LG CNS chief executive Kim Dae-hoon said Thursday advanced analytics is rising as a new paradigm that offers insight and understanding, with “intelligence” becoming the keyword in this smart era.“There were other analytics in the past but advanced analytics is differentiated from others because it finds what’s meaningful in various piles of data, which helps people understand the situation more quickly and make forecasts, while getting the insights,” he said during his keynote speech at its conf
IndustryApril 19, 2012
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LG CNS focuses on ‘big data’ era
Rising use of Internet, gadgets signal big change for local businessesThe era of big data has arrived with the wide use of Internet-connected and wireless devices, signaling a major change in the way local companies work and manage information.In line with the shift, LG CNS, a total information technology service firm, on Thursday held Entrue World 2012, a conference focusing on the big data era.Themed “New frontier of the smart world: Advanced analytics,” the company invited global analyst Thom
IndustryApril 19, 2012
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Computers learn to “read” emotions
A group of scientists from Massachusetts Institution of Technology are developing computers that can recognize facial expressions, the BBC reported Tuesday. Using this technology, computers can identify basic emotions such as like, dislike, confusion by taking information about people’s faces via camera and analyzing how they move over time.Researchers said they can apply this technology in many ways. For example, it’s possible to gather information on people’s responses to advertisements by loo
TechnologyApril 19, 2012
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Samsung Total’s entry aimed at curbing petrol prices
Pan-governmental measures include a new petrol supplier, tax breaks for discount gas stations and electronic trading Samsung Total Petrochemicals Co. is set to break into the tightly controlled retail petrol market as part of the government’s across-the-board drive to rein in skyrocketing gas prices and revamp Korea’s fuel supply structure. A pan-governmental task force headed by the Ministry of Knowledge Economy unveiled the proposal on Thursday, which also envisages an upsurge in electronic t
April 19, 2012
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Number of first-time marriages up in 2011
The number of marriages involving couples tying the knot for the first time rose to a nine-year high last year mainly due to favorable demographic factors, a government report showed Thursday.According to the report by Statistics Korea, the number of men and women getting married for the first time reached 258,600, or 78.6 percent of all marriages tallied last year. This is the highest percentage since 78.7 percent reached in 2002.“The increase of about 4,000 couples is mainly due to the rise in
April 19, 2012
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Japan study raises hopes of cure for baldness
Japanese researchers have successfully grown hair on hairless mice by implanting follicles created from stem cells, they announced Wednesday, sparking new hopes of a cure for baldness.This handout picture taken on April 13, 2012 and released by the Tsuji Lab Research Institute for Science and Technology of the Tokyo University of Science shows a hairless mouse with black hair on its back at the la
TechnologyApril 19, 2012
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Surveillance tightened on online racist comments
The Korea Communications Standards Commission said Tuesday that it will tighten its online surveillance on Internet posts that contain comments related to racism, xenophobia and other forms of intolerance. The move came amid a flood of angry posts aimed at migrant workers following the rape and murder case involving a Korean-Chinese man in Suwon, Gyeonggi Province, early this month More recently, there have also been a slew of racist comments targeted at Jasmine Lee, a naturalized woman from the
IndustryApril 18, 2012
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Samsung, Apple to meet for patent talks
Samsung agrees to meet 90-day deadline for talks in the U.S.Samsung Electronics confirmed Wednesday that its vice chairman Choi Gee-sung will meet with Apple’s chief executive Tim Cook to discuss matters on their ongoing patent disputes in nine different nations.“We decided to work together on reaching a compromise with Apple by arranging a meeting of chief executives, along with the firms’ legal representatives within 90 days in response to a court’s order,” said a Samsung official.The official
IndustryApril 18, 2012
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Hyundai-Kia’s sales hit record high point in Europe in March
Hyundai Motor and Kia Motors posted all-time high monthly sales in the European market in March, despite the worsening business environment in the wake of the eurozone debt crisis.The affiliated companies’ combined sales came to 85,393 units in Europe in March, up 15.3 percent from 74,107 units a year before.According to the European Automobile Manufactures’ Association, also known as ACEA, Hyundai reported a 13.8 percent growth with sales of 50,131 units and Kia, 17.3 percent with 35,262 units.
MobilityApril 18, 2012