Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Samsung chief bolsters ties with Germany’s Zeiss
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Plane with 106 people crashes in Iran; 29 survive
TEHRAN (AP) ― An IranAir passenger jet carrying 106 people crashed as it was making an emergency landing on Sunday in a snowstorm in the country’s northwest and broke into several pieces, killing 77 of those on board, Iranian media reported. The others survived with light injuries.The pilots of the Boeing-727, operated by Iran’s national airline, attempted the emergency landing in the city of Orum
InternationalJan. 10, 2011
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U.S. charges gunman in lawmaker shooting
Suspect claims he planned attack alone; prosecutors charge five countsTUCSON, Arizona (AFP) ― U.S. prosecutors Sunday charged a lone young gunman over the attempted assassination of a congresswoman as doctors voiced guarded hope she would recover from the attack that killed six others.President Barack Obama called on Americans to observe a moment of silence on Monday for victims of the attack in A
InternationalJan. 10, 2011
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Crimes up but arrests down in 2010
The number of violent crimes went up here last year, with arrests going down, compared to previous years, according to police officials Monday.The data from the National Police Agency showed the number of violent crimes, including assault and robbery, increased by 10 percent to 579,751 last year from the five-year average from 2005 to 2009.Rape went up 28 percent, theft by 25 percent and murder by
Social AffairsJan. 10, 2011
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Military service to benefit jobseekers
As early as April, people who have served in the military will get extra credits when they apply for jobs in public sectors, the Ministry of National Defense said Monday. The measure is expected to benefit mainly men, who spend 21 to 24 months in military camps as their compulsory military duty. However, the plan is likely to trigger resistance from women’s rights groups and others who claim the e
Social AffairsJan. 10, 2011
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KEB union files injunction to block Hana’s deal with Lone Star
The labor union of Korea Exchange Bank filed a court injunction Monday to block U.S.-based Lone Star Funds’ plan to sell its controlling state in the bank to Hana Financial Group. In its filing with Seoul Central Court, the unionized workers called for KEB executives named by Lone Star, including bank CEO Larry Klane, to suspend the scheduled share selling.Lone Star signed a contract with Hana Fin
Jan. 10, 2011
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Eco-friendly crude ship built by Hyundai
Hyundai Heavy Industries has delivered the world’s first crude oil carrier fitted with equipment for treating ballast water, the firm announced Monday. Empty vessels are balanced by ballast water, which is then emptied out when cargo is loaded at ports. This practice can transport non-indigenous organisms to waters across the world, damaging foreign ecosystems.With the International Maritime Organ
IndustryJan. 10, 2011
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GS Group to invest W2.2tr, aim for W55tr sales
Energy, retail giant plans to hire 2,800 new employeesGS Group plans to increase its investments 10 percent to more than 2.2 trillion won ($1.9 billion) this year to strengthen its core businesses of energy, retail and construction and expand overseas activities. Korea’s seventh largest business group said on Monday it aims to post 55 trillion won in sales, up 5.7 percent from last year. “While fo
IndustryJan. 10, 2011
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Korea to tighten inspection of capital flows
Korea’s financial regulator said it plans to tighten inspections of capital flows this year to improve the soundness of its foreign-currency market.“There are persisting destabilizing factors in the global financial markets following the Group of 20 meeting, such as volatile capital movements and currency wars among major countries,” the Financial Supervisory Service said Monday in an e-mailed sta
Jan. 10, 2011
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Multinational drug makers bet on young CEOs
Multinational drug companies are installing young and aggressive leaders to head their Korean operations in an increasingly competitive local market. Ranga Welaratne, 38, was appointed on Jan. 3 as the new head of the Korean branch of Sanofi-Pasteur, Sanofi-Aventis group’s vaccine division, becoming the latest CEO in their 30s to 40s to lead a multinational pharmaceutical firms’ Korean branch. Hav
IndustryJan. 10, 2011
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Conglomerates sign up for Yeosu Expo facilities
Seven conglomerates including Samsung Group, Hyundai Motors Group, and SK Group signed up to participate in the 2012 World Expo in Yeosu, its organizing committee said.Other participating business groups include LG, Lotte, Posco and GS. The fact that leading local conglomerates decided to participate in the Yeosu Expo shows that expectations for the event are very high, organizers said. The expo i
IndustryJan. 10, 2011
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Shinsegae store tops W1tr in turnover
Shinsegae Department Store announced Monday that its Gangnam branch became Korea’s second retail outlet to surpass the threshold of 1 trillion won ($894.1 million) in sales last year. The branch store in southern Seoul registered 1.09 trillion won in revenue, about 18 percent up from 920 billion won in 2009, the company said.Korea’s retail industry is estimated to have grown 7-8 percent in 2010 as
IndustryJan. 10, 2011
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Korea Express eyes W2.35tr in sales
Korea Express Co., Korea’s largest logistics firm, said Monday that it is seeking to post 2.35 trillion won ($2.09 billion) in sales this year, up around 10 percent from last year.The company is also targeting an operating income of 157 billion won in 2011.Last year, Korea Express was estimated to have logged an operating income of 130 billion won on sales of 2.16 trillion won.Major shareholders o
IndustryJan. 10, 2011
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Samsung to reveal new phones, tablets in Feb.
Electronics bellwether aims to sell 60 million smartphones this yearLAS VEGAS ― Samsung Electronics plans to unveil in February its next generation of smartphones running on an upgraded operating system and a dual core processorThe new phones to be revealed at the Mobile World Congress will run on the Gingerbread operating system ― an upgraded Android platform ― with a super AMOLED plus display fo
Jan. 10, 2011
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Boy bands performing in pairs to generate heat in 2011
Expect a fierce rivalry on the Korean music scene this year, as top boy bands are ready to make a comeback.Until now, the Korean music channels were mostly dominated by popular girl groups or singers like the Girls Generation, but this year the boys are expected to take the lead. Even before the release of their albums, the long-waited returns of TVXQ and Big Bang have generated heat among K-Pop f
PerformanceJan. 10, 2011
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Verizon may sell 12 million iPhones
Verizon Wireless, the largest U.S. mobile-phone company, will sell 9 million to 12 million iPhones this year, the Wall Street Journal reported, citing analyst estimates. The lower number would boost Apple Inc.’s overall sales by 5 percent, according to Gene Munster, an analyst at Piper Jaffray Cos., the Journal said. The iPhone may capture 5 percent of Verizon’s customers in its first quarter on s
WorldJan. 10, 2011
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Samsung chairman Lee celebrates 70th birthday
After wrapping up a hectic itinerary of the Consumer Electronics Show in Las Vegas last week, all family members of Samsung Electronics chairman Lee Kun-hee got together at the Silla Hotel on Sunday.The event was to celebrate his 70th birthday. All his family members and some 130 senior executives of Samsung subsidiaries attended his birthday party. It is the first time for him to invite senior ex
PeopleJan. 10, 2011
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[Editorial] To be chief auditor
The current controversy over the nomination of Chung Dong-kee as the next head of the Board of Audit and Inspection raised two serious questions. One concerns the still prevalent practice of senior judges and prosecutors joining law firms upon retirement and getting huge rewards. The other is about the appropriateness of appointing a former presidential secretary to the job of top government watch
EditorialJan. 10, 2011
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[Editorial] Don’t bend principle
North Korea is desperate in its call for dialogue with South Korea. But Seoul is hesitant on deciding what to do about Pyongyang’s sudden peace offensive that comes after one of the worst years of military provocations since the Korean War.Pyongyang has heated up its language in the overtures since the three major official newspapers first proposed inter-Korean dialogue in their New Year joint edi
EditorialJan. 10, 2011
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Campaigning for spending transparency
At first glance it seems the ultimate quixotic effort: persuading the new, more Republican Congress to enact legislation to shine light on the role of special-interest money in elections. But campaign reformers might consider appealing to members of Congress allied with the “tea party.” Those in the movement profess to believe that “we the people” have been eclipsed in the political process by sel
ViewpointsJan. 10, 2011
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Trusting Bill Daley as Obama’s chief of staff
As President Barack Obama enters the second half of his term, his dreamy honeymoon with Congress and the American public long over, what a relief to see the sensible William Daley at his side. Daley has the experience to excel at one of the nation’s toughest jobs. And yes, he’s a pro-business Democrat, which galls the liberal wing of the Democratic Party.This choice for chief of staff is primarily
ViewpointsJan. 10, 2011