Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Hyundai Capital bonds garner keen investor interest
Overseas investors have shown a keen interest in new bonds issued by Hyundai Capital Service Inc., a financial unit of South Korea's Hyundai Motor Group, financial sources here said Tuesday. Hyundai Capital Services successfully raised US$700 million byselling bonds maturing in five-and-a-half years. The bonds carry aninterest rate of 245 basis points above U.S. government debts. Bookr
Jan. 25, 2011
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Toyota remains world’s largest automaker
Japanese company sells 8.4m cars in 2010 despite recallsTOKYO (AFP) ― Toyota said Monday its group sales in 2010 rose, enabling the firm to narrowly retain its title as the world’s biggest automaker despite a global safety crisis that damaged its brand image.But analysts warn that after a year that saw the recall of millions of vehicles, a wave of lawsuits and record fines, the company is likely to soon surrender that lead as it battles to regain consumer trust overseas.In 2008 Toyota ended Gene
Jan. 25, 2011
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World jobless rate stays at record high: ILO
GENEVA (AFP) ― The International Labor Organization warned that the global economic recovery was not translating into jobs as world unemployment remained at a record 205 million for 2010.“Despite a sharp rebound in economic growth for many countries, official global unemployment stood at 205 million in 2010, essentially unchanged from 2009, and 27.6 million more than on the eve of the global econo
Jan. 25, 2011
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Korea Line files for receivership after rates plunge
Korea Line Corp., Korea’s second-largest operator of dry-bulk ships, filed for receivership after rates tumbled to the lowest in almost two years because of a global oversupply of vessels. The filing was made at the Seoul Central District Court on Tuesday, the company said in a regulatory statement. It didn’t say how large its debts were. Seven calls to the Seoul-based company, including to its me
Jan. 25, 2011
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Olympus launches new hybrid camera
Olympus Korea launched a new hybrid camera PEN E-PL2 on Tuesday, calling it the new “killer item” for this year.The product, coming between a DSLR and a compact camera, features a classic design and an upgraded art filter that enables people to add touches of soft focus, dramatic tone and art frames to the photos, according to company officials. Models present Olympus’ new hybrid camera PEN E-PL2
Jan. 25, 2011
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KEPCO opens electric vehicle charging stations on highway
Korea Electric Power Corp. said Tuesday that it has established electric vehicle charging stations on a highway, a first time for the nation. The six new charging stations are located at rest areas on Jungbu Expressway near Icheon, Eumseong and Ochang ― both northbound and southbound, the firm said. Another was launched at the KEPCO Research Institute in Daejeon. A total of 12 charging machines a
Jan. 25, 2011
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LG CNS to join with Japan’s SBI Group
LG CNS will become the first South Korean firm to forge a cross-border partnership with a Japanese financial company to provide IT services, the Seoul-based company said Tuesday.With Japan’s SBI Group, LG CNS said it would be forming a joint entity called SBI-LG Systems that would handle all of the IT services related to SBI, a top Japanese financial company with assets worth 13 trillion won ($11.
Jan. 25, 2011
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India’s central bank might raise rates
India’s central bank said reducing inflation is the “dominant” goal at the moment, signaling the possibility of an interest-rate increase on Tuesday. “The anti-inflationary focus of monetary policy would have to continue,” the Reserve Bank of India said in a report on Monday. “Since a lower inflation regime is essential for sustainable high growth, containing inflation becomes the dominant policy
Jan. 25, 2011
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Bank of Japan raises growth forecast
Central bank keeps key rate between zero and 0.1%The Bank of Japan raised its growth forecasts for the year through March as strong overseas demand supports the economy. Policy makers predicted an expansion of 3.3 percent for the 2010 fiscal year, compared with the 2.1 percent estimated in October, the central bank said in a statement Tuesday in Tokyo. The BOJ also held the key interest rate betwe
Jan. 25, 2011
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30 groups unveil record-high investment plan
Lee, CEOs agree to cooperate for 5 percent growthThe nation’s 30 largest business groups unveiled plans to invest more than 110 trillion won ($98.2 billion) and create 100,000 new jobs this year during their meeting with President Lee Myung-bak on Monday.Leaders of Samsung, Hyundai Motor and other groups said they would increase their investment to 113.2 trillion won for 2011, which will mark an a
Jan. 24, 2011
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Hiscot offers liquor gift sets for Lunar New Year
Hiscot Co., a subsidiary of Korea’s largest liquor maker Hite-Jinro Group, offers a range of gift sets for the Feb. 3 Lunar New Year’s day, the firm said Monday.“This year’s New Year gift sets were prepared for consumers who look for practical gifts. A variety of quality gift sets will be offered at affordable prices for consumers to choose from,” Hiscot executive director Jang Byeong-seon said. T
Jan. 24, 2011
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KT&G renews Esse Golden Leaf design
KT&G Corp., Korea’s largest tobacco manufacturer, will roll out a repackaged version of its Esse Golden Leaf product at the end of January, the firm said Monday. The cigarette packaging was created in collaboration with Najeonchilgi master Park Jae-seong, the firm said. Najeonchilgi is a traditional mother of pearl craft where colorful pieces of shellfish are inlaid on an object and then applied w
Jan. 24, 2011
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KB Asset wins nod for investment in China
HONG KONG (Yonhap News) ― Korea’s KB Asset Management Co. said Monday it has obtained approval from Chinese authorities to invest up to $100 million in local securities, gaining greater access to one of the world’s most rapidly growing stock markets.The approval, granted by China’s State Administration of Foreign Exchange (SAFE) last week, will allow KB Asset Management to launch a collective inve
Jan. 24, 2011
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Companies splurging on iPads could be sign of recovery
NEW YORK (AP) ― The news last week that Apple’s Steve Jobs is taking a leave of absence was a big story. But something else about the company got far less attention and could be even more important to investors this year.Corporations “are adding iPads to their approved device list at an amazing rate,” Peter Oppenheimer, Apple Inc.’s chief financial officer, told analysts Tuesday. Apple’s products,
Jan. 24, 2011
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GS head stresses innovation, collaboration
GS Group chairman Huh Chang-soo recently stressed executives’ dedication to growth and innovation as key to its ambition to become a leading global firm. Despite the good results the group has been achieving over the past few years in an unfavorable local business environment, Huh said the group should not be satisfied with its performance. GS Group chairman Huh Chang-soo “Based on the performance
Jan. 24, 2011
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SKT introduces multi-gadget content platform
SK Telecom, the nation’s No. 1 telecom operator, launched on Monday a “numerous screen” (n-Screen) platform that allows users to access the same content from multiple devices based on cloud computing technology. The “hoppin” service allows subscribers to use media content in its server on smartphones, computers, tablet PCs and televisions through a Wi-Fi network with a one-time payment. For instan
Jan. 24, 2011
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Yuhan-Kimberly exports top W230 billion
Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, said its exports increased 28.7 percent to 237.6 billion won ($211.8 million) last year, thanks to strong sales of its diapers and feminine sanitary pads.Shipments to China, Russia and Turkey accounted for 63 percent, the company said. Products like diapers, sanitary pads and paper towels make up 82 percent.“Such items could succeed in
Jan. 24, 2011
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Citi picks Korea, Taiwan stocks amid inflation
Citigroup Inc. recommended stocks in Korea, Taiwan and Hong Kong as manufacturing companies gain in an inflationary environment amid global economic growth.“Higher inflation and higher rates benefit growth- sensitive markets, such as Korea and Taiwan and general asset plays like Hong Kong,” according to a report by Citigroup analysts led by Markus Rosgen. “Inflation shifts profits from consumption
Jan. 24, 2011
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Kia aims to dominate city car market
No. 2 carmaker releases new Morning with upgraded safety, convenience featuresJEJU ― Kia Motors Corp. launched the latest version of its Morning city car on the local market Monday.The company aims to sell 100,000 units on the domestic market and 120,000 units overseas this year.From next year, the company hopes to raise the overseas figure by 20,000, pushing up the overall sales figure to 240,000
Jan. 24, 2011
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Apollo-led group bidding for Sara Lee
Sara Lee Corp. received a takeover bid from Apollo Global Management LLC, Bain Capital LLC and TPG Capital that is higher than the food company’s current share price of $18.70, said three people with knowledge of the matter. The offer gets close to the $20 a share that Sara Lee’s board is seeking, said one of the people, who declined to be identified because the process is private. JBS SA, the Bra
Jan. 24, 2011