Most Popular
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40 flights canceled on Jeju Island due to bad weather
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Pandemic left Korea more depressed than before: report
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Gov't appears to shelve punitive measures against mass walkout by doctors
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Korean labor force to shrink by 10 million by 2044: report
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Govt. asks hospitals to mitigate impact of medical professors' absence
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births
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Doggy patrol team on the move to protect their cities
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Trade surplus with 5 FTA signatories more than doubles
SEOUL, Oct. 18 (Yonhap) -- South Korea saw its trade surplus with five economic entities with which it has free trade agreements(FTAs) more than double last year as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry
Oct. 18, 2011
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Jeonse giving way to monthly rent: report
Nearly half of all tenants in South Korea have signed up for a monthly rent contract, a report showed on Monday, underscoring the shift in tenancy agreements accelerated by a prolonged period of low interest rates and stagnant property prices. According to Real Estate 114, the proportion of the mont
Oct. 17, 2011
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S&P to hold annual meeting in S. Korea
SEOUL, Oct. 17 (Yonhap) -- Global credit appraiser Standard & Poor's (S&P) will have its annual meeting with South Korean policymakers this week to assess the nation's overall economic situations and credit status, the finance ministry said Monday.A delegation led by Kim Eng Tan, S&P's senior direct
Oct. 17, 2011
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High-level meeting on desert expansion opens in Changwon
The United Nations Convention to Combat Desertification said on Sunday it will hold an official ceremony on Monday, an event that comes seven days after the opening ceremony of its 10th Conference of the Parties to the UNCCD.Under the theme “Care for Land, Land for Life,” senior officials from gover
Oct. 16, 2011
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Korea to toughen rules on dog registration in 2013
Dog owners residing in South Korea will be required by law to register their pets, officials said Sunday, as the government is set to expand its mandatory pet registration rule nationwide starting in 2013. The push to widen the obligatory registration of companion dogs comes as the number of abandon
Oct. 16, 2011
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G-20 finance ministers seek joint effort to handle financial crisis
PARIS, Oct. 15 (Yonhap) -- Finance ministers from the world's leading industrialized and emerging economies plan to outline ways to tackle the current global financial crisis that is vital for economic growth, government sources said Saturday.Official sources said the communique to be released at th
Oct. 15, 2011
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Telephone monitoring decreases
The Korea Communications Commission announced Friday that the total number of interceptions of telephone calls and online messages by government agencies dropped more than 20 percent in the first six months of 2011 compared to last year, but interceptions by military authorities more than tripled.Ac
Oct. 14, 2011
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Government vows war on ‘fake’ gasoline
The government declared an all-out war on “fake” gasoline on Friday, significantly increasing fines for people selling unauthorized products and giving investigative jurisdiction to government officials.The crackdown starts with changing the commonly used name for such fuel, mostly chemical mixtures
Oct. 14, 2011
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Obama wants more Fords, Chevys in Korea
President Barack Obama says he wants to see folks in South Korea driving Fords and Chevys and Chryslers. A trade agreement approved by Congress last night may not separate Korean drivers from their Hyundais and Kias anytime soon.U.S. exports of beef, machinery and chemicals may all gain from the agr
Oct. 13, 2011
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Business community welcomes U.S. decision, urges approval in Korea
Korea-based companies and business organizations welcomed the U.S. legislatures’ decision to approve the Korea-U.S. Free Trade Agreement on Thursday.Companies and associations of industries with high dependence on exports were among the most vocal in welcoming the deal. The Korea Automobile Manufact
Oct. 13, 2011
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Opposition still hurdle for ratifying U.S. FTA
Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
Oct. 13, 2011
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Korea, EU agree on close cooperation
South Korea and the European Union agreed Wednesday to closely cooperate in economic policies amid uncertainties over the European debt crisis, Seoul’s Trade Ministry said.Both sides will also utilize the so-called Trade Committee as a consultation body for bilateral cooperation, according to the mi
Oct. 12, 2011
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ITU picks Busan for communications conference in 2014
The Korea Communications Commission announced Wednesday that the plenipotentiary conference of the International Telecommunication Union will be held in Busan in 2014.The meeting, which will be organized for three weeks from Oct. 20-Nov. 7, is a meeting launched every four years by the ITU, an organ
Oct. 12, 2011
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Korea to allow foreign hospitals in free zones
The government will revise health and welfare regulations to enable foreign hospitals to set up operations in free economic zones, the Ministry of Knowledge Economy said Wednesday.The ministry said that concerned ministries including the Ministry of Health and Welfare and the Ministry of Strategy an
Oct. 12, 2011
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S. Korea's jobless rate stands at 3 percent in Sept.
SEOUL, Oct. 12 (Yonhap) -- South Korea's jobless rate stayed unchanged in September from a month earlier but job growth was showing signs of slowing down after recent marked expansions, a report showed Wednesday.The jobless rate stood at 3 percent last month, unchanged from August, according to the
Oct. 12, 2011
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Foreign capital inflow continues to rise
Direct foreign investment into Korea during the first nine months of the year increased from a year ago, but the rate of growth slowed, government data showed Tuesday.According to the Ministry of Knowledge Economy, the amount of foreign investment reported to the authorities during the first nine mo
Oct. 11, 2011
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Korean trading companies rush to tap overseas ...natural resources
South Korean trading companies are rushing to develop overseas natural resources as part of efforts to diversify their business portfolios and seek new growth engines, industry sources said Tuesday. LG International Corp., the country’s leading coal trader, started commercial production this month a
Oct. 11, 2011
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S. Korea's produce price growth hits 9-month low in Sept.
SEOUL (Yonhap) -- South Korea's producer prices grew at the slowest pace in nine months in September as prices of agricultural products fell, the central bank said Tuesday.The producer price index, a barometer of future consumer inflation, rose 5.7 percent in September from a year earlier, slowing f
Oct. 11, 2011
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Korea sets drastic emission cut goal
South Korea’s top businesses such as POSCO and Samsung Electronics Co. will have to significantly cut their greenhouse gas emissions output in 2012 to help stem global climate change, the government said Monday.The Ministry of Knowledge Economy said leading steelmaker POSCO needs to cut emission lev
Oct. 10, 2011
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Water security, green growth in limelight at forum
Policymakers, academics and private experts from around the world united to call for measures to address a looming water crisis and shore up sustainable growth at a forum last week.Around 800 officials and researchers from some 20 countries and multinational agencies took part in the International C
Oct. 10, 2011