Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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New chief named for GM Korea
GM Korea named Sergio Rocha, head of its Argentina, Uruguay and Paraguay branch, the new CEO of the Korea office, the company said Friday. Rocha, scheduled to head the branch from March 1, replaces John Buttermore, who was holding the interim chief position after Mike Arcamone resigned in January. Arcamone left for Canadian aircraft manufacturer Bombardier Commercial Aircraft after two and a half years in Seoul.“We are pleased to have Sergio taking over GM’s growing operations in Korea,” said GM
IndustryFeb. 3, 2012
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KOSPI holds steady on mixed data
Seoul shares barely budged before the 2,000 mark level Friday as mixed economic data and weaker-than-expected earnings undermined investor sentiment. Analysts projected the benchmark KOSPI to stay above the 2,000 level next week under the scenario that the U.S. jobs indicator continues to improve. The KOSPI lost 0.6 percent to close at 1,972.34, ending a relatively stable week after a three day winning streak. The junior KOSDAQ gained 0.1 percent to 522.59. The local currency traded flat, gainin
Feb. 3, 2012
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Brains of addicts are inherently abnormal: study
Drug addicts have inherited abnormalities in some parts of the brain which interfere with impulse control, said a British study published in the United States on Thursday. Previous research has pointed to these differences, but it was unclear if they resulted from the ravages of addiction or if they were there beforehand to predispose a person to drug abuse.Scientists at the University of Cambridge compared the brains of addicts to their non-addicted siblings as well as to healthy, unrelated v
TechnologyFeb. 3, 2012
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Valentine's Day may be worst day to kiss
Valentine's Day falls smack dab in the middle of flu and cold season, so kissing may not be such a good idea, a U.S. infectious disease expert suggests.Dr. Jorge Parada, medical director, infectious disease at Loyola University Health System in Maywood, Ill., said changing weather or temperatures ar
TechnologyFeb. 3, 2012
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Blood test detects depressed patients
A blood test analyzing levels of nine biomarkers accurately distinguished patients diagnosed with depression from others, U.S. researchers said.MCTLead author Dr. George Papakostas of the Massachusetts General Hospital said previous efforts to develop tests based on a single blood or urinary biomark
TechnologyFeb. 3, 2012
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Hynix sets 4.2 trillion won facility investment plan
Hynix Semiconductor said Thursday it will inject 4.2 trillion won in facility investments this year, up 20 percent from last despite the unfavorable market conditions in the semiconductor industry.Kwon Oh-chul, chief executive of Hynix, said the firm will spend up to 60 percent on NAND Flash memory, used in smartphones and tablet PCs, whereas it spent about 70 percent of facility investments in DRAM last year.“NAND Flash demand will be driven by mobiles and Solid State Drive notebooks,” he said
IndustryFeb. 2, 2012
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Korea’s industrial output to remain weak for some time: IBs
Major foreign investment banks predicted that South Korea’s industrial output will likely remain weak for some time, citing less demand for its products caused by the toughening external market conditions, a report showed Thursday.Korea’s industrial output grew 2.8 percent in December from a year earlier, slowing from a 5.8 percent gain in November.It shrank 0.9 percent on-month in December, marking the third straight month that production declined.Foreign IBs said that the sluggish global shipy
Feb. 2, 2012
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Foreign stock buying hits record
Foreign investors snapped up a record amount of South Korean stocks on a monthly basis in January amid signs of recovery in the U.S. economy and easing global uncertainties, the financial watchdog said Thursday.Overseas investors bought a net 6.2 trillion won ($5.5 billion) of local stocks last month, compared with a net purchase of 113.4 billion won in December, according to the Financial Supervisory Service.The figure marks a new record high for monthly purchases.Overseas investors offloaded 9
Feb. 2, 2012
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Varied diet reduces risk of metabolic syndrome
Not being too choosy about food provides a better chance of preventing metabolic syndrome, the Korea Food and Drug Administration said Friday. According to the U.S. National Health, Lung and Blood Institute, metabolic syndrome refers to a group of risk factors that raise the risk of heart disease and other health problems, such as diabetes and stroke.A research team at the organization conducted a cohort study of 6,640 adults living in the Ansan and Anseong regions of Gyeonggi Province from 2001
TechnologyFeb. 2, 2012
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More veggies, whole grains at school
ALEXANDRIA, Virginia (AP) ― The first major nutritional overhaul of school meals in more than 15 years means most offerings ― including the always popular pizza ― will come with less sodium, more whole grains and a wider selection of fruits and vegetables on the side.First lady Michelle Obama and Agriculture Secretary Tom Vilsack announced the new guidelines during a visit Wednesday with elementary students. Mrs. Obama, also joined by celebrity chef Rachael Ray, said youngsters will learn better
TechnologyFeb. 2, 2012
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FDA clears drug for advanced kidney cancer
WASHINGTON (AP) ― Patients with hard-to-treat kidney cancer that has spread to other parts of the body gained a new drug option Friday, after federal regulators approved a twice-a-day pill from Pfizer for the disease.The Food and Drug Administration approved the company’s drug Inlyta as a secondary option for patients with renal cell carcinoma that hasn’t responded to previous drug treatments. Renal cell carcinoma is the most common form of kidney cancer, with an estimated 61,000 people in the U
TechnologyFeb. 2, 2012
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Kangbuk Samsung Hospital to open international clinic
Kangbuk Samsung Hospital said Thursday that it will open an international clinic on Feb.16 at the Samsung office building in Taepyeongno, central Seoul.Located 500 meters from Seoul City Hall, the clinic expects to cater mostly to expats and foreign tourists. It will share facilities and infrastructure with the Samsung hospital.The hospital conducts joint studies with Johns Hopkins University and has been praised as one of the leading medical institutions in preventative medicine. All its system
TechnologyFeb. 2, 2012
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Black spots on the face
Also termed “flowers in the land of the dead,” black spots on the face are generally referred to as seborrheic keratosis or senile lentigo, and are gradually formed as the skin ages. There are many people who think that black spots on the face occur only in old age. But they can also occur in younger people who frequently perform outdoor activities and are exposed to ultraviolet rays.The signs of skin aging such as black spots or wrinkles progress because of the natural aging process or the effe
TechnologyFeb. 2, 2012
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Fat doctors slow to diagnose obesity
Study suggests that obese doctors are more generous to patients in need of weight lossEncouraging a healthy weight has become essential in Korea. According to the Ministry of Health and Welfare, about 26.5 percent of women and 35.6 percent of men are considered to be either overweight or obese by WHO standards. Health authorities have estimated that the domestic weight loss industry will reach around 2 trillion won ($1.8 billion).The World Health Organization regards those with a body mass index
TechnologyFeb. 2, 2012
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Favorable perception of firms inches up in H2: poll
Koreans’ favorable views toward local companies edged up in the second half of 2011, helped by public expectations that businesses will create more jobs, a poll showed Thursday.The survey by the Korean Chamber of Commerce and Industry revealed that the corporate favorite index rose to51.2 points in the six-month period, up 0.4 points from the January-June period.The figure represents a rebound after numbers started falling from a high of 54 reached in the first half of 2010. In the second half o
Feb. 2, 2012
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Foreign firms take to SNS to reach public
Companies eager to utilize social media networking for marketing, brand awarenessMore and more Korean companies are using social networking sites as effective marketing tools. Some multinational companies and chambers of commerce in Korea are also following this trend to boost their visibility and profitability in one of the world’s most wired countries.The reasons to use social networking sites such as Facebook and Twitter are numerous.Liam Lusk and Carl Kwan from Kwalus, a public relations mar
Feb. 2, 2012
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German court rejects Apple’s bid to ban Samsung’s mobile devices
Korean tech giant Samsung Electronics Co. said Thursday that a German court has rejected Apple Inc’s bid to impose a sales ban on its tablet computer and the new Nexus smartphone in the European country.The Munich Regional Court on Wednesday rejected Apple’s request to impose a preliminary sales ban on Samsung Electronics’ Galaxy Tab 10.1 N and Nexus smartphones, according to Samsung.Apple claimed that the Korean tech firm has infringed on its patent rights related to touch screen technology, bu
TechnologyFeb. 2, 2012
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Foreign reserves hit 5-month high in Jan.
Korea’s foreign exchange reserves rose to a five-month high in January as the stronger euro and other non-dollar currencies increased the conversion value of those assets, the central bank said Thursday.The country’s foreign reserves reached $311.34 billion last month, up $4.94 billion from the previous month, according to the Bank of Korea. The January foreign reserves stood at the second highest level in history since the foreign reserves hit a record high $312.19 billion in August of 2011. It
Feb. 2, 2012
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Dispute rages over credit card bubble
Card firms’ asset jump, more consumers spend on credit cardsAs Korea’s credit card companies rush to increase their assets, worries are mounting over whether another bubble might be in the offing.For Korean policymakers, the warning signs in the credit card industry bring back painful memories of 2002, when 4 million card holders defaulted and the entire economy was jeopardized as the bubble burst.Credit card companies are eager to get bigger. As of the end of December, the combined assets of cr
Feb. 2, 2012
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WCO establishes Asia-Pacific liaison office in Seoul
The Korea Customs Service celebrated the opening of the World Customs Organization’s regional intelligence liaison office for Asia and the Pacific in Seoul on Thursday.Some 100 Korean and international guests, including Zhu GaZhang, director of WCO Compliance and Facilitation Directorate, attended the ceremony at the Imperial Palace Hotel in southern Seoul.The regional office, located within the Customs Brokers Association Building in Nonhyeon-dong, southern Seoul, will support intelligence exch
IndustryFeb. 2, 2012