Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Brokerage firms under regulatory probe
The Financial Supervisory Service has launched a probe into the local brokerage industry to weed out irregularities and prevent financial accidents.The regulator is targeting 62 securities firms and eight futures trading firms, chiefly their internal controlling.The companies have been ordered to submit reports on their operations for internal monitoring by Dec. 10.The irregular practices also include unauthorized insider trading with major shareholders and unfair sales of retirement pension fun
Nov. 28, 2011
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Eximbank focuses on green growth projects
Chairman Kim to discuss measures for low carbon-based growth at high-level aid forum in BusanKorean policymakers are paying close attention to green growth at home and abroad as one of the nation’s future development engines.The 4th High Level Forum on Aid Effectiveness, slated for Nov. 29-Dec. 1 at the BEXCO in Busan, is expected to be an opportunity for the nation to take the initiative in emphasizing the need for global cooperation on green growth.Kim Yong-hwan, chairman and president of Expo
Nov. 28, 2011
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U.S. law firms plan to follow trade deal with Korea offices
Cleary, Gottlieb, Steen & Hamilton LLP, Samsung Life Insurance Co.’s adviser on South Korea’s biggest initial public offering, plans an office in Seoul now that a free trade deal is allowing foreign law firms in. Yong Guk Lee, who will move from Hong Kong to open the new office in the first half of 2012 said it will help the New York- based firm serve Korean clients who are investing and facing more litigation overseas. South Korean lawmakers last week ratified the free trade agreement first neg
IndustryNov. 28, 2011
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Korea on path for ecosystemic development
Lee promotes ‘kinder capitalism’ that seeks shared growth between large and small companiesLarge conglomerates such as Samsung, LG and Hyundai have been the key driving forces and big brothers of the Korean economy for decades, shepherding in thousands of smaller suppliers.But with the conglomerates’ dominance having risen to an extent that many suppliers are bullied to cough up the lowest possible prices and put up with irregular trading practices, calls for greater social responsibility among
IndustryNov. 28, 2011
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Korea, Abu Dhabi join hands on patient referrals, cooperation
The Ministry of Health and Welfare and the Health Authority-Abu Dhabi signed a pact Friday to let the United Arab Emirates refer its patients to four medical institutions in Korea. The four hospitals are Samsung Seoul Hospital, Seoul National University Hospital, Asan Medical Center and Seoul St. Mary’s Hospital. This is the first agreement between Korea and another country regarding official referral and transfer of foreign patients. The deal paves the way for patients recommended and directed
TechnologyNov. 27, 2011
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Abu Dhabi envoys see Korean medical service
Before signing a milestone pact with the Korean government on Friday, Abu Dhabi health envoys visited the four hospitals that will be at the forefront in the treatment of patients from the Arabic state. The four hospitals are Seoul National University Hospital, Samsung Seoul Hospital, Seoul St. Mary’s Hospital and Asan Medical Center.On Thursday morning, they spared time to experience the state-of-the-art health checkup at the Seoul National University Hospital Healthcare System Gangnam Center i
TechnologyNov. 27, 2011
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Hospitals hope ‘K-Medicine’ will bloom in Abu Dhabi
The following articles are introductions presented to The Korea Herald by the heads of three of the four hospitals that have signed the patient referral deal with Abu Dhabi.Samsung Medical CenterSamsung Medical Center consists of 40 departments, eight special centers and more than 110 special clinics. The medical institution is a tertiary hospital with 1,996 sickbeds where approximately 7,000 staff work, including 1,355 doctors and 2,380 nurses. Famous for its outstanding performance in lung can
TechnologyNov. 27, 2011
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World’s carmakers face growing competition from Chinese firms
GUANGZHOU, China (DPA) ― The first Chinese cars built in Europe started rolling off the conveyor belt this year when Great Wall Motor Co. Ltd. built a plant in Bulgaria together with Litex Motors.The Voleex C10 was the first vehicle off the assembly line of the plant near the town of Lovech last week with tests of the production facilities and installations set to continue for the rest of the year before the first sales are launched at the beginning of 2012.The Hover H5 sports utility vehicle an
MobilityNov. 27, 2011
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Seoul St. Mary’s Hospital
Seoul St. Mary’s hospital is a flagship medical institution of the Catholic Medical Center, which boasts one of the largest medical networks containing eight subsidiary hospitals and seven research centers in Korea. It has 1,320 beds, 43 clinical departments, 756 doctors and 1,700 nurses seeing 6,000 outpatients a day. The hospital is known for its optical, joint and bone marrow transplant surgeries. To enhance patient safety, the hospital has acquired ISO 9001 certification on product safety, a
TechnologyNov. 27, 2011
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Seoul National University Hospital
There is no doubt that Seoul National University Hospital has been a leader here with its top-tier workforce stressing research and development as well as clinical practice. It is now committed to providing world-class medical education, research and patient care. Having led in diagnosis for almost a century, the hospital has stepped up efforts to lead the medical field as well with its cutting-edge equipment and the brand new cancer treatment center next to the main building. With the new build
TechnologyNov. 27, 2011
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UAE seeks to expand medical infrastructure
Medical envoys of Abu Dhabi expressed Friday hope that their government’s pact with Korea on patient referrals and transfers will help improve their country’s infrastructure for better medical healthcare. According to the World Health Organization, the population of the United Arab Emirates reached 4,599,000 in 2009, and is growing 4.1 percent annually. About 78 percent of the population resides in urban areas. The majority of the population is quite young ― 79 percent are aged between 15 and 59
TechnologyNov. 27, 2011
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Toyota discussing green-car partnership with BMW
TOKYO (AFP) ― Japanese auto giant Toyota is in discussions with BMW over a partnership in eco-friendly cars, a press report said Saturday.Under the deal, the German automaker would provide diesel engines for Toyota vehicles, while Toyota would share its hybrid technology, the business daily Nikkei said.It would mark Toyota’s second green-technology tie-up with a major foreign automaker, following its agreement in August to develop hybrid-vehicle systems with Ford of the United States.A Toyota sp
MobilityNov. 27, 2011
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Supercar makers chase China‘s superrich motorheads
MACAU - China’s superrich want supercars. That’s what the makers of world‘s most exotic and expensive sports cars are hoping as they gather in Macau this week for the first Asian edition of Monaco’s annual Top Marques show that began eight years ago.The supercar companies are chasing growth in China, which is churning out scores of new millionaires each year and is home to the world’s biggest auto market.Ferraris and Lamborghinis sat alongside rare and beautiful automotive works of art from less
MobilityNov. 27, 2011
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Half of manufacturers to suffer from EU crisis
Half of South Korean manufacturers think that the lingering European financial crisis will hurt their financial health next year in earnest, making it more difficult for them to secure working capital, a survey said Sunday.According to the survey of 300 manufacturing companies by the Korea Chamber of Commerce and Industry, 50 percent said that their financial conditions are expected to be affected by the European debt woes, while only 22 percent responded that they have felt the effect of the fi
Nov. 27, 2011
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Korea competitive in transport, construction
South Korea’s global competitiveness in the transportation and construction service sectors remains solid despite the recent economic downturn triggered by eurozone woes and sluggish growth among many industrialized economies, a government report showed Sunday.The finance ministry said that in the nine months of this year, the surplus in the transportation industry reached $7.3 billion, up $1.2 billion from the same time period in 2010, in the latest service sector balance sheet report.It said o
Nov. 27, 2011
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Shares expected to move in tight range this week
South Korean shares are expected to move in a tight range this week as fiscal debt problems in Europe and the U.S. will continue to weigh on investor sentiment, analysts said.The benchmark KOSPI closed at 1,776.40, down 3.3 percent last week, marking the fourth consecutive week the index has declined.The index earlier gained ground despite the U.S. Congressional committee’s failure to identify ways to cut the budget deficit as Moody’s Investors Service said it will not downgrade the U.S. soverei
Nov. 27, 2011
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FSC signs partnership with Turkey regulator
South Korea’s financial watchdog said Saturday that it has clinched a preliminary deal with its counterpart in Turkey to promote partnership between them.The Financial Services Commission said its chairman, Kim Seok-dong, has agreed with Vedat Akgiray, chairman of Capital Markets Board of Turkey, during his two-day visit to Turkey.The FSC added that the two agencies also agreed to set up branch offices in Seoul and Istanbul. The FSC said that the office will help local financial firms make inroa
Nov. 27, 2011
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Daimler plans to drop Maybach, focus on S-Class
Daimler AG will shut down the super-luxury Maybach brand to end almost a decade of losses and focus on developing vehicles under its Mercedes flagship marque. Stuttgart, Germany-based Daimler intends to stop producing the $350,000 Maybach when a new version of the Mercedes S-Class comes to market in 2013, Chief Executive Officer Dieter Zetsche said in an interview with Frankfurter Allgemeine Zeitung. Daimler hasn’t made a profit on the Maybach after deciding to reintroduce the 1930s-era marque i
MobilityNov. 27, 2011
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Cyworld hopes to make comeback with redesigned global service
Cyworld, once a social networking phenomenon in South Korea before losing ground to Facebook and Twitter, vowed to make a comeback with its redesigned global service which could fill a niche rivals have yet to exploit: users’ desire for self-expression.Earlier this month, Cyworld launched a test version of its revamped Cyworld social networking service for international users, making a second entry into the global market since shutting down its U.S. service two years ago.Armed with lessons from
TechnologyNov. 27, 2011
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Household debt interest payments exceed 50 trillion won this year
Interest payments on household debt exceeded the 50 trillion won ($43 billion) mark for the first time this year as people took out more loans and coped with higher borrowing rates, financial sources said Sunday.Sources said that interest payments on debt reached around 5 percent of the gross national income that will inevitably exert negative influence on consumer spending, production and economic growth.Data from local financial institutions and the Bank of Korea showed household interest paym
Nov. 27, 2011