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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Samsung becomes world’s 7th largest laptop maker
Samsung Electronics Co., the world’s top memory chipmaker, is also becoming a major supplier of laptop computers, more than quadrupling its global market share in just four years, market observers said.The company’s global market share rose from 1.4 percent in 2007 to 6.5 percent in the third quarter of this year, they said.The third-quarter figure is the world’s seventh largest, placing Samsung ahead of other major suppliers including Japan’s Sony Corp. and United States’ Apple Inc.Samsung’s do
TechnologyDec. 21, 2011
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Hyundai Motor’s Eon, Verna named best cars in India
Hyundai Motor Co.’s Eon and Verna small-size cars have been respectively named the “best cars of the year” in their segments in India, industry sources said Wednesday.The Eon, Hyundai’s hatchback city car, has been named the micro-mini car of the year by the Overdrive automotive review program aired on CNBC-TV18, according to the sources.The model made by South Korea’s largest carmaker features an 800cc engine, and was launched in the local market in October, with sales hitting 7,418 units last
MobilityDec. 21, 2011
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Gold prices jump on North Korean woes
Gold prices in South Korea have climbed following the death of North Korean leader Kim Jong-il as worries over heightened geopolitical uncertainties and a strengthening greenback prompted investors to stack up the safe-haven asset, data showed Wednesday.The retail price of 1 don of pure gold in South Korea stood at 238,000 won ($205.99) as of Tuesday, rising the most in five days since 241,000 won on Dec. 14, according to the Korea Gold Exchange.The don (3.75 grams) is a Korean unit used to meas
Dec. 21, 2011
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Korea Life to set up joint venture in China
Korea Life Insurance Co., South Korea’s second-largest life insurer, said Wednesday it will launch a joint venture in China in a bid to tap into the world’s second-largest economy.Korea Life Insurance signed an agreement Tuesday with China’s state-run fund provider Zhejiang International Business Group Co. to set up a joint life insurer in Hangzhou, the provincial capital of Zhejiang, the Korean insurer said in a statement.The 50-50 joint venture will be capitalized at 500 million yuan ($78 mill
Dec. 21, 2011
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France may order 30,000 women to remove implants
Up to 30,000 French women and perhaps tens of thousands more around the world may have to have defective breast implants removed after several suspicious cases of cancer, officials said Tuesday.A decision on whether to order the removal of the implants, produced by the Poly Implant Prothese (PIP) co
TechnologyDec. 21, 2011
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2 Earth-size planets spotted around distant star
NEW YORK (AP) — Scientists have found two Earth-sized planets orbiting a star outside the solar system, an encouraging sign for prospects of finding life elsewhere.The discovery shows that such planets exist and that they can be detected by the Kepler spacecraft, said Francois Fressin of the H
TechnologyDec. 21, 2011
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Apple EU design may lose reach in Samsung case over tablets, court says
A European Union design Apple Inc. (AAPL) used to win a sales ban on Samsung Electronics Co.’s Galaxy 10.1 tablets may be of limited value after new evidence was introduced in an appeal of the decision, a German court said. Samsung introduced as evidence a U.S. utility patent using a type of flat sc
TechnologyDec. 21, 2011
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Samsung becomes world's seventh largest laptop maker
SEOUL, Dec. 20 (Yonhap) -- Samsung Electronics Co., the world's top memory chipmaker, is also becoming a major supplier of laptop computers, more than quadrupling its global market share in just four years, market observers said Tuesday.The company's global market share rose from 1.4 percent in 2007
TechnologyDec. 20, 2011
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Korea to lower tariffs on 103 items to stabilize prices
South Korea will lower tariffs on a total of 103 products next year in a bid to help stabilize prices of goods frequently consumed by ordinary citizens, farmers and small enterprises, the Finance Ministry said Tuesday.The items, whose tariffs will be temporarily lowered or removed throughout next year under the tariff quota system, will include raw sugar, pork, garlic and butter, according to the Ministry of Strategy and Finance. There will be less products than the 112 imports that were eligibl
Dec. 20, 2011
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Korea’s IT gurus to gather in Las Vegas for electronics show
Hynix CEO Kwon to make appearance in the U.S. event early next monthHynix chief executive Kwon Oh-chul is expected to attend the Consumer Electronics Show in Las Vegas next month to meet with top officials of its U.S. business partners, industry sources said.Hynix chief executive Kwon Oh-chulKwon, t
TechnologyDec. 20, 2011
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Korea’s IT gurus to gather at Las Vegas tech show
Hynix CEO Kwon to make appearance in the U.S. event early next monthHynix chief executive Kwon Oh-chul is expected to attend the Consumer Electronics Show in Las Vegas next month to meet with top officials of its U.S. business partners, industry sources said.Kwon, top executive of the world’s No. 2 memory chipmaker, is most likely to go to the U.S. as demand for its two key products -- NAND Flash memory and mobile application processors -- is increasing with the sharp rise in smart devices such
IndustryDec. 20, 2011
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Strict diet could save brain from aging: study
WASHINGTON (AFP) - Eating less may keep the mind young, according to Italian scientists who reported Monday they have discovered the molecular process by which a strict diet may save the brain from the ravages of age.The research, published in the US journal the Proceedings of the National Academy o
TechnologyDec. 20, 2011
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Markets stabilizing after Kim’s death
Seoul stocks, currency rebound on receding worries over N.K. uncertaintySeoul stocks and the local currency rebounded modestly Tuesday on receding worries that the death of North Korean leader Kim Jong-il will bring drastic and immediate change to the economic climate.The benchmark KOSPI advanced 0.91 percent to 1,793.06, reversing its sharpest loss in six weeks from Monday after North Korea announced that the communist leader had died on Dec. 17. The won gained 1.07 percent against the dollar
Dec. 20, 2011
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Korea’s corporate profitability slips in Q3
South Korea’s corporate profitability worsened in the third quarter from a year earlier as increased commodity prices drove up costs and other expenses, the central bank said Tuesday.The average ratio of operating profit to sales, a key barometer of profitability, came in at 5.3 percent in the July-September period, down from 7.4 percent in the previous year, the Bank of Korea said in a report based on a survey of 1,522 listed companies.The result marked the second straight quarterly decline. Af
Dec. 20, 2011
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S. Korea to prepare action plans on FTA with Japan, China
South Korea will map out its action plans on a free trade agreement with China and Japan before the heads of state from the three Northeast Asian countries meet in May, the Finance Ministry said Tuesday. “Based on consultations with China and Japan and the results of the joint study (which was recently completed), we will prepare our action plans before the summit talks,” the finance ministry said in a press release. Detailed timetables, a negotiation road map and other preparations will be incl
Dec. 20, 2011
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Jeju, Nongshim in dispute over bottled water sales
Major foods company Nongshim on Tuesday hinted at legal action against Jeju Island for canceling their contract over the sales of Samdasoo, the nation’s No. 1 bottled water produced in the southernmost island. Jeju Special Self-governing Province Development Corp. said Monday that as its contract with Nongshim expires on March 14, it would find a new partner to continue the business. The province-run corporation considers, among other things, distributing the water products directly at major sal
IndustryDec. 20, 2011
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Hyundai Group head to visit North Korea for tribute
Hyundai Group chairwoman Hyun Jeong-eun plans to visit North Korea to pay a tribute to the late North Korean leader Kim Jong-il, company officials said on Tuesday.The plan was revealed as the South Korean government decided to allow her family members to visit the North for the tribute to Kim.The officials said the group will finalize the chairwoman’s visit schedule after having consultations with the Ministry of Unification. Earlier in the day, Hyun expressed her condolences over the death of t
IndustryDec. 20, 2011
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History indicates limited impact on bourse
Goldman Sachs sees N.K.’s transition unlikely to hurt southern economySouth Korea’s financial markets are expected to get back to normal after a setback on Monday following the death of North Korean leader Kim Jong-il, analysts said on Tuesday. The KOSPI’s historical patterns indicate that the latest shock will not have a serious impact on the index, while risk signals such as credit default swap premiums remain stable. Foreign investors haven’t shifted their stance drastically on the local bour
Dec. 20, 2011
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Top two private lenders face suspension
The nation’s two largest private lenders face suspension for allegedly charging some borrowers illegal interest rates, officials said on Tuesday.Gangnam Ward Office of Seoul, which has investigated these practices in coordination with the Financial Supervisory Service, said Tuesday that it would halt the operations of Rush N Cash and Sanwa Money soon.The private loan industry’s No. 1 player Rush N Cash and No. 2 player Sanwa Money have been suspected of violating the upper ceiling of 39 percent
Dec. 20, 2011
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Economy to grow 3.4% in 2012: think tank
South Korea‘s economy will likely grow 3.4 percent in 2012, down from 3.8 percent growth projected for this year, as global economic uncertainties affect exports, a private think tank said Tuesday. In its outlook for next year, LG Economic Research Institute said sluggish growth in industrialized economies is expected to hurt demand for durable goods and related parts. Such developments can directly impact the country’s outbound shipments.The institute said there may be some improvements in dome
Dec. 20, 2011