Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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[Robert J. Fouser] Social attitudes toward language proficiency
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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Finance sector braces for shake-up of key posts
Ex-minister Kang heads potential candidates for major private, public institutionsA number of highest-level personnel changes are expected in the financial market during the first quarter of this year, with attention focused on whether President Lee Myung-bak’s confidant Kang Man-soo and other senior bureaucrats land top industry posts. Woori Financial Group, Shinhan Financial Group, Hana Financi
Jan. 26, 2011
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Obama tells Congress: Pass Korea FTA
State of the Union address demands N.K. abandon nukesWASHINGTON (AP) ― U.S. President Barack Obama highlighted America’s close ties with South Korea in his annual State of the Union policy speech Tuesday, praising South Korean progress and development and calling on Congress to ratify a newly negotiated trade agreement with Seoul.“To help businesses sell more products abroad, we set a goal of doub
WorldJan. 26, 2011
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Captive Somali pirates could face life in prison here: officials
Five Somali pirates, captured in last week’s military operation that freed a hijacked South Korean freighter, could face up to life in prison if they are brought here and convicted in local courts for committing robbery and wounding sailors under the South Korean law, government officials here said Wednesday.The South Korean Navy commando last Friday killed eight pirates and captured five others d
Social AffairsJan. 26, 2011
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Obama says S. Korea’s education, Internet outperforming U.S.
WASHINGTON (Yonhap News) ― U.S. President Barack Obama on Tuesday called for reform in U.S. education and stressed the need to rebuild infrastructure to catch up with South Korea and other strong performing countries.“Our infrastructure used to be the best, but our lead has slipped,” Obama said in the nationally-televised State of the Union address. “South Korean homes now have greater Internet ac
WorldJan. 26, 2011
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Korea, U.S. to finalize FTA text soon
Korea and the U.S. will soon conclude work on the final text of their recently concluded free trade agreement, paving the way for the pact to be ratified in both countries, a high-ranking trade official said Wednesday.In December last year, both countries reached a final agreement focusing on U.S. demands that Korea soften its automotive safety and environmental standards.The Korea-U.S. free trade
Jan. 26, 2011
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Rice wine exports hit record high in 2010
Exports of Korea’s traditional rice wine makgeolli reached an all-time high last year thanks to high demand in Japan and a spike in shipments to China, a report showed Wednesday.Makgeolli exports reached $19.1 million in 2010, up from $6.3 million a year earlier, said the report by the Korea Agro-Fisheries Trade Corp.By country, Japan topped the list of importers with shipments totaling $15.6 mill
IndustryJan. 26, 2011
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Port cargo handling hits record high in ’10
Volume of cargo handled at Korea’s seaports hit a record high last year thanks to improving economic and business conditions, the transportation ministry said Wednesday.The nation’s seaports handled an all-time high of 1.2 billion tons of cargo last year, up 11.8 percent from a year earlier, according to a report by the ministry. In December, cargo handling also jumped to a monthly record of 110 m
Jan. 26, 2011
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Galaxy Tab sales top 2m in 3 months
Samsung Electronics Co., the world’s second-largest maker of mobile phones, said Wednesday that it has sold more than 2 million units of the Galaxy Tab tablet computer within three months of its global debut. Samsung achieved the sales figure this week as the company sells the 7-inch, Android-running tablet through some 200 mobile carriers in 94 countries, the company said. About 500,000 units of
IndustryJan. 26, 2011
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SK Telecom selects LTE networks suppliers
Korea’s largest mobile carrier SK Telecom Co. said Wednesday that it will hire three companies to supply equipment to build a long-term evolution network as the mobile operator braces for a surge in wireless data demand. Samsung Electronics Co., LG-Ericsson Co. and Nokia Siemens Networks B.V. will supply equipment for the LTE network, SK Telecom said in a statement. The mobile operator plans to st
IndustryJan. 26, 2011
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Woori, Shinhan, Hana bid for ailing savings bank
Three banking groups, including top financial firm Woori Finance Holdings Co., expressed their intention to buy an ailing savings bank Tuesday, a state insurance agency that arranges the deal and sources said.On Jan. 14, the financial regulator suspended mid-sized Samhwa Mutual Savings Bank for six months as it failed to meet regulatory capital requirements. State-run Korea Deposit Insurance Corp.
Jan. 26, 2011
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Koreans agonize over spiraling cost of rent
Hong Jun-ho is busy preparing to move out of the home his family has lived in for the past two years in southern Seoul. With the lease on his riverside apartment about to expire, the 34-year-old English teacher feels quite lucky to have found a new home in northern Seoul. It is affordable, located near his new school and also near his in-laws’ house.But without such luck, he could have been in ser
Jan. 26, 2011
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Samsung Electronics to hire more workers in China
HONG KONG (Yonhap News) -- Korean tech behemoth Samsung Electronics Co. is expected to hire more employees in China in an effort to enhance its display production there, company officials said Wednesday.Samsung Electronics plans to hire dozens of professionals for process manufacturing, quality management and production management of its liquid crystal display (LCD) production facilities in China,
IndustryJan. 26, 2011
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Bentley introduces new Series 51 models
Bentley Korea, the local importer of British automaker Bentley Motors Ltd., on Wednesday introduced the latest models of Bentley’s super luxury sedan, the Continental Flying Spur, in Korea.The new Flying Spur Series 51 come in two trims ― the Flying Spur and the Flying Spur Speed ― both equipped with a V12, 6.0-liter engine that produces a maximum horsepower of 600.The Continental Flying Spur has
IndustryJan. 26, 2011
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Starbucks bets on India’s cafe revolution
NEW DELHI (AFP) ― The familiar green logo of Starbucks will soon appear on Indian streets as the U.S. group bets on lifestyle changes that are turning the tea-drinking country into a booming market for cafes.India’s appetite for the bitter brew has never been stronger, with its overwhelmingly young population opting to while away time in shiny Western-style cafes instead of the traditional coffeeh
FoodJan. 26, 2011
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Yahoo’s earnings double despite ebbing revenue
SAN FRANCISCO (AP) ― Yahoo Inc.’s fourth-quarter earnings more than doubled, but the Internet company’s sagging revenue showed that it is still lagging in the high-stakes race for online advertising.The results announced Tuesday illuminated why many investors are wondering if Yahoo CEO Carol Bartz is the right person for the job as she enters the second half of a four-year contract she signed in
IndustryJan. 26, 2011
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Putin vows revenge for airport bombing
Suspicion falls on Islamist separatists from Chechanya or Caucasus regionMOSCOW (AP) ― Prime Minister Vladimir Putin has vowed revenge for the suicide bombing that killed 35 people at a Moscow airport ― a familiar tough-on-terrorism stance that has underpinned his power but also led to a rising number of deadly attacks in Russia.Lax security also was blamed for Monday’s explosion in the internatio
InternationalJan. 26, 2011
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Chanel’s casual chic vs. Givenchy’s extreme art
PARIS (AP) ― Haute couture got tugged in opposite directions on Tuesday, as Chanel channeled the street ― embracing the mixed-up, casual-chic styles of today’s trendsetting It Girls ― while Givenchy sent out what can only be described as extreme haute couture ― breathtaking, Baroque garments that crossed the divide between clothes and art.Karl Lagerfeld said he had “Gossip Girl” star and new Chane
Arts & DesignJan. 26, 2011
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Chung nominated K-League chairman
Chung Mong-gyu, chairman of South Korean construction firm Hyundai Development Co., was nominated Wednesday as the new chairman of the first-division football league in South Korea.If approved, Chung, 49, will replace Kwak Chung-hwan, who recently resigned as head of the K-League. The league will convene a general assembly Thursday to formally elect him.Chung also serves as the owner of Busan I’Pa
More SportsJan. 26, 2011
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Japan, Australia claw into final
South Korea clipped 3-0 on penaltiesDOHA (AP) ― Japan beat its fierce rival South Korea in a penalty shootout at the Asian Cup while Australia routed 10-man Uzbekistan 6-0, setting up a dream final between the region’s top two teams.The two games late Tuesday couldn’t have been more different. In a back-and-forth encounter, Japan came from a goal down to take the lead before South Korea equalized
SoccerJan. 26, 2011
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Scientists claim largest super-volcano could wipe 2/3rds of U.S.
Scientists predict that if the largest super-volcano underneath Yellowstone National park in Wyoming explodes in the near future -- for the first time in around 600,000 years -- it could wipe out two thirds of the United States.The Soufriere Hills volcano erupts in the Caribbean island of Montserrat, Saturday, January. 23, 2010. (AP)According to the Daily Mail on Tuesday, the super-volcano has bee
InternationalJan. 26, 2011