Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Japan industrial output gains most in 11 months
Japan’s industrial production increased the most in 11 months in December, boosted by overseas demand that’s spurring the nation’s recovery. Factory output climbed 3.1 percent from November, when it rose 1 percent, the Trade Ministry said in Tokyo Monday. The median estimate of 29 economists surveyed by Bloomberg News was for a 2.8 percent gain. Honda Motor Co. and Nissan Motor Co. are among compa
Jan. 31, 2011
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Watchdog probing Korean Air for alleged price fixing
South Korea's anti-trust watchdog is investigating price-rigging allegations that Korean Air, the nation's flag carrier, colluded in fixing prices with a Mongolian airline company for flight services to the central Asian country, officials said Monday. The investigation by the Fair Trade Commission (FTC) focuses on relatively expensive flight ticket prices between Incheon and Ulan Bator offere
Jan. 31, 2011
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Zuckerberg 'friends' actor in Facebook movie
The Oscar-nominated movie "The Social Network" paints an unflattering portrait of Mark Zuckerberg but the Facebook founder apparently doesn't hold a grudge.Zuckerberg, 26, came face-to-face during a guest appearance on the popular NBC comedy show "Saturday Night Live" with Jesse Eisenberg, who received a "Best Actor" nomination for his portrayal of the Facebook creator. Jesse Eisenberg (left, MCT)
Jan. 31, 2011
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S. Korea's industrial output grows 9.8 pct in Dec.: govt report
South Korea's industrial output grew for the 18th straight month in December, suggesting the economic recovery remains on track, a government report showed Monday. According to the report by Statistics Korea, production in the mining and manufacturing industries expanded 9.8 percent last month from the same month a year earlier. The output has expanded since July 2009. Production grew 2.8 p
Jan. 31, 2011
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S. Korea's manufacturing sentiment falls for Feb.
South Korean manufacturers' business confidence inched down for February on concerns that rising raw material prices could crimp their profitability, the central bank said Monday. The index of manufacturers' outlook on business conditions reached 91 for February, down from 92 for January, according to the Bank of Korea (BOK). The index measures manufacturers' outlook on business conditions for
Jan. 31, 2011
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S. Korea's semiconductor exports to reach $52.5 bln in 2011: gov't
South Korea's computer chip exports are expected to reach $52.5 billion in 2011, fueled by greater overseas demand for system semiconductors, the government said Monday. The total represents a growth of 3.5 percent compared to the previous year, with outbound shipments of system semiconductors used to make products like smartphones and tablet PCs expanding 18.7 percent on-year to $19.1 billion
Jan. 31, 2011
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LGE to showcase air conditioners at U.S. show
LG Electronics, Korea’s second-largest electronics maker, is to showcase its key air conditioning products at a trade fair in Las Vegas this week.Its highly efficient and environment-friendly commercial air conditioners will be displayed at a 200 square-meter booth at the AHR Expo, the world’s largest international tradeshow for heating, ventilation, air-conditioning and refrigeration industries,
Jan. 30, 2011
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SK chairman spurs overseas resources development
SK Group chairman Chey Tae-won will visit Brazil and Australia this week to speed up the group’s overseas resources development, SK officials said Sunday. The trip follows Chey’s participation in the Energy Summit session at the World Economic Forum in Davos, Switzerland, from Jan. 26-30. Chey will first visit Brazil to meet with Eike Batista, CEO of Brazil’s largest resources firm EBX. They will
Jan. 30, 2011
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POSCO secures Africa resources deals
POSCO has forged agreements with African partners to spur its move to develop natural resources in the region, the world’s No. 4 steel producer said Sunday.During a week-long visit that ended Saturday, chief executive Chung Joon-yang agreed to jointly develop an iron ore mine in Cameroon, a company statement said. The Mbalam mine is expected to annually produce about 35 million tons of high-qualit
Jan. 30, 2011
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Macworld shines without Apple
SAN FRANCISCO (AFP) ― From star-gazing iPad applications to crystal-encrusted iPhone cases, a universe of products spun off of Apple gadgets flourished at Macworld Expo despite the absence of the sun around which they revolve.Attendance was on track to hit 25,000 by the time the annual gathering of Apple faithful ends on Saturday.The crowd was down from the 40,000 to 50,000 people seen in years when Apple took part and chief executive Steve Jobs starred in presentations that included unveiling h
Jan. 30, 2011
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Irish senate passes bailout bill
DUBLIN (AFP) ― Ireland’s upper house of parliament passed Saturday a key finance bill needed to secure the country’s bailout package, paving the way for embattled Prime Minister Brian Cowen to call elections.The budget, which hikes taxes and slashes spending as part of the price for the 67.5 billion euro ($91 billion) European Union-International Monetary Fund bailout, had already passed the lower
Jan. 30, 2011
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Facebook’s value exceeds Amazon.com
Facebook Inc.’s valuation topped Amazon.com Inc., leaving the social-networking company behind only Google Inc. among U.S. Internet companies. Facebook is valued at $82.9 billion on secondary exchange SharesPost Inc. and has jumped by more than 40 percent since mid-December. Amazon shares dropped 7.2 percent Friday after a disappointing sales forecast, pushing its stock market value down to $77.2
Jan. 30, 2011
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Samsung posts highest sales of 154 trillion won in 2010
Samsung Electronics announced Friday that its total sales and operating profit for last year climbed to a record high, reaching more than 154 trillion won ($138.2 billion) and 17 trillion won, respectively, buoyed by increased sales of memory chips and mobiles.The country’s top electronics manufacturer said it posted 154.63 trillion won in total sales and 17.3 trillion won in operating profit, sur
Jan. 28, 2011
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Hynix to increase line-up of premium chips to 70%
Hynix Semiconductor Inc., the world’s second-biggest computer memory chipmaker, said it would focus more on producing premium products in the non-PC sector this year in a bid to widen the gap with other follow-up firms on the global stage.Kwon Oh-chul, chief executive of Hynix, said in a press conference late Thursday that the premium product line-up will account for about 70 percent of sales in 2
Jan. 28, 2011
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Kia posts record revenue, profit on sales
Kia Motors Corp. saw its sales and profits reach an all-time high in 2010, fueled by massive improvements in sales seen both at home and abroad.The carmaker Friday reported yearly sales of 23.26 trillion won ($20.88 billion) and operating profit of 1.68 trillion won, up respectively 26.3 percent and 46.8 percent from a year earlier.Over the corresponding period, the company’s net profits jumped 55
Jan. 28, 2011
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Samsung's Q4 operating profit down 12.4 pct
Samsung Electronics shares surpassed the 1,000,000 won mark on Jan. 19 in an intraday trading. (Yonhap News)Samsung Electronics Co., the world's largest maker of computer memory chips, said Friday that its fourth-quarter operating profit fell 12.4 percent from a year ago as weak demand for TVs battered flat-screen panel prices. Operating profit stood at 3.01 trillion won ($2.7 billion) in the
Jan. 28, 2011
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KT swings to profit in Q4 on iPhone sales
South Korea's biggest telecom company KT Corp. said Friday that it returned to the black in the fourth quarter of 2010 from a net loss a year earlier, helped by brisk sales of Apple Inc.'s iPhone. Net profit reached 105.1 billion won ($94.3 million) in the October-December period, compared with a net loss of 430.5 billion won one year earlier, it said in a regulatory filing. The loss in the
Jan. 28, 2011
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POSCO steps up resources development
Steelmaker boosts magnesium capabilities in its diversification driveAs magnesium alloys emerge as next-generation material for vehicles, POSCO, the world’s fourth-largest steelmaker, is betting on the metal to fuel the next stage of its drive to become an all-round materials developer.While the market for magnesium alloys remains relatively small, such materials have become key candidates for use
Jan. 27, 2011
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Kindle Singles debuts pithy digital works
SAN FRANCISCO (AFP) ― Amazon has released the first of a new line of short digital books pitched as quick, captivating works for its popular Kindle electronic readers.The launch of Kindle Singles included the debut of TED Books, written versions of inspirational 18-minute talks that are a trademark of renowned TED gatherings dedicated to cultivating “ideas worth spreading.”“This first set of Singl
Jan. 27, 2011
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China unveils new steps to cool property market
BEIJING (AP) ― China on Wednesday unveiled fresh measures to curb property prices, including requiring unruly local governments to set price controls, but made no mention of a widely expected property tax.City governments must set property price control targets in line with local income levels for 2011 and need to make the targets public in the first quarter, according to a state media report citi
Jan. 27, 2011