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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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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Korean firms target EV charging market in US
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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
IndustryJan. 25, 2011
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Tougher security, new court needed for pirates: U.N.
UNITED NATIONS (AFP) ― Somali pirates are spreading their attack zone and now costing more than $7 billion a year, according to a U.N. study released Monday which calls for new security and legal weapons to be urgently deployed.A new court to try pirates with Somalis jurisdiction but based in a foreign country should be set up, former French foreign minister Jack Lang said in the report.The intern
InternationalJan. 25, 2011
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150 years of dieting fads and still no quick fix
WASHINGTON (AP) ― Before there were modern weight loss diets, there was William Banting. He invented the low-carb diet of 1863.Even then Americans were trying out advice that urged fish, mutton or “any meat except pork” for breakfast, lunch and dinner ― hold the potatoes, please.It turns out our obsession with weight and how to lose it dates back at least 150 years. And while now we say “overweigh
InternationalJan. 25, 2011
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Korea, China to clamp down on voice phishing, fakes
Last year, a 31-year-old office worker surnamed Kim received a phone call from the post office that she had a parcel to receive but there were a few problems. Then suddenly the phone hung up. She then made a phone call to the post office to get her item, where a staff worker informed her that she had been duped by voice phishing scammers.“They make money by inducing you to make extra-expensive int
Social AffairsJan. 25, 2011
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Groups look to enlist more volunteers
Scholars, volunteers and officials gathered at a forum in Seoul Tuesday to discuss the past, present and future of overseas volunteering, hoping to increase the efficiency of Korea’s aid.Participants at the World Friends Korea Forum reviewed the current situation for volunteers and organizations to seek the direction in which Korea is going as a provider of official development aid.World Friends K
Social AffairsJan. 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
IndustryJan. 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
IndustryJan. 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
IndustryJan. 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.
IndustryJan. 25, 2011
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SK Telecom profit rises 48%, led by smartphone demand
SK Telecom Co., Korea’s largest mobile-phone operator, has reported fourth-quarter profits which climbed 48 percent, helped by demand from smartphone users.Net income rose to 361.4 billion won ($323 million) from 244.2 billion won a year earlier, the Seoul-based company said in a statement Tuesday. That compares with the 405.4 billion won average of 13 analyst estimates compiled by Bloomberg in th
TechnologyJan. 25, 2011
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FSS tougher on banks’ overseas branches
The Financial Supervisory Service plans to tighten oversight of local banks’ overseas operations, diverting from its earlier position of eased regulations to encourage their making inroads into foreign markets.The watchdog unveiled this year’s key regulatory policies during its meeting with financial market leaders at the Bankers’ Club in downtown Seoul on Tuesday.Major banks, including the nation
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
IndustryJan. 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
IndustryJan. 25, 2011
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[Editorial] U.N. on piracy
It may just be a coincidence that U.N. Secretary General Ban Ki-moon was in Oman last week while the South Korean Navy’s Cheonghae Unit rescued all 21 crewmembers of the cargo ship Samho Jewelry from Somali pirates. Some here speculate that Ban’s meeting with Omani King Qaboos bin Said Al Said may have been conducive to Oman’s support for the operation.Among his many duties as the chief executive
EditorialJan. 25, 2011
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[Editorial] Swap with pirates
Lawmakers of the National Assembly Defense Committee suggested in a roundtable with Defense Minister Kim Kwan-jin Monday that the government consider exchanging the five Somali pirates captured in the Navy commandos’ raid on the Samho Jewelry Friday with the crew of the Geummi 305 now in captivity in Somalia. Minister Kim said it was a good idea, but we do not think so. Ruling and opposition party
EditorialJan. 25, 2011
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China must fulfil international responsibilities
China, which is on the way to superpower status with its economic wealth and military strength, has become increasingly assertive. Moves by this rising nation have the potential to bring structural changes to the balance of power in the Asia-Pacific region.While calling on Beijing for self-restraint, Japan must join hands with neighboring countries and show a resolute stance against China if it ta
ViewpointsJan. 25, 2011
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[William Pesek] Entertainers get China better than Congress
You know we’ve got problems when Barbra Streisand and Herbie Hancock understand the global economy better than John Boehner and Harry Reid. Singer Streisand and jazz great Hancock were on hand for the Chinese president’s White House dinner last week, while House Speaker Boehner, Majority Leader Reid and Senate Republican leader Mitch McConnell wimped out and stayed away. Lawmakers are right to obj
ViewpointsJan. 25, 2011
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[Lee Jae-min] Jurisdiction over captured pirates
Last Friday’s rescue of the 21 crew members of Samho Jewelry in the Gulf of Aden was successfully completed against all odds. Korea’s swift action was rather unexpected given that it has preferred low-profile negotiations in previous hostage takings abroad. The Korean naval commando team is now holding five pirates in custody. The successful rescue operation will definitely force future pirates to
ViewpointsJan. 25, 2011
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Could a foreigner be elected mayor in Korea?
It is pretty amazing reading the story of Jung Heung-won. This Korean lived in Argentina for 10 years, then another five in Lima, until finally moving to Chanchamayo, where he has helped many of those in need. In reward for his efforts, he was easily elected mayor of the latter city this year, since any “foreigner granted residence in Peru can run for public office if he or she lives in the same e
ViewpointsJan. 25, 2011