Most Popular
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Science Ministry expresses regret over Japan’s pressure on Naver
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Yoon interacts with public for 1st time since election defeat
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
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N. Korea says to deploy new multiple rocket launcher starting this year
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Seoul transit pass for travelers to be available starting July
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State-led adoption system to be established to ensure adoptees' well-being, minimize overseas adoption
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[Drama Tour] Romantic trip to ‘Queen of Tears’ filming spots
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Business moguls attend concert by Helene Mercier, wife of LVMH CEO
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Buddha's birthday lantern parade to light up Seoul
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[Graphic News] Public sector’s financial health improving: report
The financial health of South Korea’s public sector is improving for the second consecutive year, showed a report by the Bank of Korea last week. The total revenue of the general government sector and public corporations stood at 735.6 trillion won ($659.4 billion) in 2015, up 3.4 percent from the previous year. The public sector’s total expenditure recorded 701.8 trillion won, a 1.1 percent on-year increase. The outpacing revenue growth produced a 33.8 trillion won surplus last year, nearly dou
Aug. 7, 2016
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[Graphic News] Korea’s automobile exports drop in H1
Exports of Korea’s automobiles in the first half of this year dropped 13.5 percent on-year on lower demand in global emerging markets, data showed Thursday.The nation exported 1.33 million cars in the first half of this year, down from 1.54 million units in the same period last year, according to data released by the Korea Automobile Manufacturer’s Association. The value of total exported cars was $19.01 billion, a 14.4 percent fall from last year’s $22.21 billion. “Sluggish economic growth in e
IndustryAug. 4, 2016
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[Graphic News] H2 contraction forecast for major industries
Korea’s major industries are projected to contract in the second half of this year, a report showed Wednesday. According to the state-invested Korea Development Bank, the amount of orders that local shipbuilders receive will plummet by 88.2 percent in the second half of this year. In the first half, they fell by 94.6 percent on-year. The bank also forecast that construction firms’ orders will shrink by 7.4 percent this year, with a decline both locally and overseas.The display industry is also a
IndustryAug. 3, 2016
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[Graphic News] Korean firms’ lifespans shrinking : survey
The average duration Korean manufacturers expect their firms to last is growing shorter, as they suffer from falling profitability amid the prolonged economic slowdown at home and abroad, a survey showed Monday.Korean firms’ average expected longevity was 8.4 years, according to a poll by the Korea Chamber of Commerce and Industry of 2,400 manufacturers across the nation Electronics-makers forecast the shortest lifespan, while textile producers had the longest. Nearly half of the respondents sai
IndustryAug. 2, 2016
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[Graphic News] Hyundai-Kia tops domestic output proportion
Hyundai Motor Group beat global rivals in terms of the percentage of vehicles produced in its home country last year, with nearly 45 percent of its cars produced locally, a carmakers’ business lobby said Sunday. The combined proportion of domestic output for Hyundai Motor Co. and its sister company Kia Motors Corp. was 44.8 percent, the highest among the world’s top five carmakers by sales, according to data from the Korea Automobile Manufacturers Association. Hyundai Motor and its 34 percent-ow
IndustryAug. 1, 2016
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[Graphic News] Road fatalities highest in Yongsan
Yongsan-gu showed the highest number of deaths caused by traffic accidents last year, Road Traffic Authority data showed Sunday.A total of 7.26 deaths per 100,000 people was caused by vehicle-related accidents in the central district, the highest among 25 districts in Seoul.Yeongdeungpo-gu and Jung-gu followed, with 6.7 deaths and 5.96 deaths per 100,000 respectively.An average of 3.18 people per 100,000 in Seoul lost their lives from traffic accidents last year.The least amount of traffic fatal
Social AffairsJuly 31, 2016
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[Graphic News] Number of Korean centenarians surges
The number of South Koreans aged 100 and older soared to top 3,000 last year as the country is rapidly heading to an aged society, government data showed Monday.A total of 3,159 centenarians were living in the country whose total population amounts to 50.62 million as of November 2015. The number is up from 1,835 tallied five years earlier, according to the census data compiled by Statistics Korea. Among the centenarians, 2,731, or 86.5 percent, are female. Their secret to living a long life is
July 26, 2016