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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Startup True Short launches service tracking institutional short selling
South Korea‘s financial technology startup True Short unveiled Thursday a service that tracks information related to institutional short sellers’ activities.The service, run on paid subscriptions on True Short online platform, aims to enable retail investors to gain access to information exclusive to institutional investors and take pre-emptive actions against a possible fall in stock price due to institutional short-selling practice.The service offers a listed share‘s outstand
MarketJune 28, 2018
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[Newsmaker] Korean Air Chairman Cho Yang-ho feels the heat
Sullen and quiet, Korean Air and Hanjin Group Chairman Cho Yang-ho on Thursday stood on what has now become a familiar spot for his family: a marker on the ground in front of the prosecution’s office before dozens of flashing cameras. Korean Group Chairman Cho Yang-ho appears at the prosecution on Thursday. (Yonhap)“I’m sorry. I will tell everything to the prosecution,” the 69-year-old chairman told swarms of reporters in front of the Seoul Southern District Prosecutors’ Office. He was the four
IndustryJune 28, 2018
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Huawei dismisses security concerns in Korea over 5G drive
SHANGHAI -- Top officials of China’s No. 1 network equipment manufacturer Huawei Technologies strongly dismissed concerns about the cybersecurity risks of its products, promising to support South Korea’s leadership in the fifth-generation telecommunications network industry. “South Korean mobile carriers are demanding much tougher requirements for security of their 5G networks, and we are trying hard to meet their requirements,” said Shawn Meng, CEO of Huawei Korea, at a press conference for Kor
TechnologyJune 28, 2018
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[Herald Interview] Mahindra Korea eyes partnership in defense biz
With aims to diversify its partnership with South Korean businesses and raise brand awareness, Mahindra & Mahindra tapped Choi In-bom as the second representative of the local office this January.Mahindra Korea, established in 2013, has so far helped the Mahindra Group clinch major deals with companies here including LG Chem, Posco and Hanwha Qcells, striving to fulfill its purpose as a facilitator between the headquarters in India and Korea.Continuing to pursue the firm’s mission, Choi is searc
IndustryJune 28, 2018
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Proportion of women in executive branch exceeds 50% for first time
Women accounted for more than 50 percent of all employees of the government's executive branch as of the end of last year for the first time since the government's establishment, data from the Ministry of Personnel Management showed Thursday.Central government employees totaled about 656,000, and 50.2 percent of them, or about 329,000, were women, the data showed. It marked the first time that the proportion of women has exceeded that of men in the central government.That's in line with the grow
IndustryJune 28, 2018
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Samsung, Apple reach settlement over design dispute
Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement."We cannot provide any details other than that we reached an agreement with Apple," a source from Samsung Electronics said. Samsung refrained from disclosing other details, including the amount of compensation provided to Apple. In this file photo taken on August 26, 2012, an employee shows an Apple`s iPhone 4s (left) and a Samsun
IndustryJune 28, 2018
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Samsung to unveil new Galaxy Note 9 in New York on Aug. 9
Samsung Electronics announced Thursday that it will unveil its new Galaxy Note 9 premium smartphone at 11 a.m. in New York on Aug. 9, confirming the official debut date for its latest device. The Korean tech giant sent out invitations to journalists and partners to join its flagship “Samsung Galaxy Unpacked” showcase event, which will take place at the Barclays Center in Brooklyn, New York. The event will be livestreamed on Samsung.com. In the invite, Samsung unveiled a close-up photo of what
TechnologyJune 28, 2018
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Corporate watchdog chief vows stern measures against unfair biz practices
The chief of South Korea's corporate watchdog said Thursday that his agency will get tough on any unfair business practices."Unfair terms of contracts for subcontractors and any other business practices, such as an unreasonable cut in selling prices, would be targeted by our investigation," Fair Trade Commission Chairman Kim Sang-jo said during a meeting with heads of ship-parts suppliers in Busan.The FTC has been stressing that it will promote fair business practices and take stern me
MarketJune 28, 2018
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LG Uplus chairman expresses confidence in 5G and Huawei
SHANGHAI -- LG Uplus Vice Chairman Kwon Young-soo said the company‘s 5G deployment plan is being carried out smoothly as planned, owing to Huawei. “Quality, performance and delivery of 5G equipment are meeting our expectations as Huawei is advancing ahead of other vendors,” Kwon said. LG Uplus Vice Chairman Kwon Young-soo (Yonhap)“Huawei has the fastest and the best function out there,” said Kwon, to a question whether the firm would continue to cooperate with the Chinese firm. Vice Chairman Kwo
TechnologyJune 27, 2018
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Global conference for biotech industry kicks off in Seoul
The 2018 Global Bio Conference kicked off in Seoul on Wednesday, bringing together biotech regulators and industry experts from around the world to support the growth and overseas expansion of South Korea’s biopharmaceuticals businesses. In its fourth edition, the GBC has invited 126 speakers from 32 countries and has drawn more than 3,000 participants including government officials, pharma industry experts and academics. This year’s GBC, which continues through Friday, featured renowned speake
IndustryJune 27, 2018
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[Video] Asian telecom giants eye Shanghai as 5G race unfolds
SHANGHAI -- Some 60,000 officials from the telecommunications industry across the globe flocked to Shanghai on Wednesday as the largest mobile conference in the region kicked off, playing a pivotal role in the industry’s advances into the fifth-generation network. At the seventh edition of the Mobile World Congress Shanghai, global telecom industry officials, analysts and media paid attention to how rapidly China is moving toward the new 5G network era, expressing awe at the increased number of
TechnologyJune 27, 2018
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Samsung to feature enhanced image sensor in new smartphones
SHANGHAI -- Samsung Electronics will equip its upcoming flagship smartphone in the second half of the year with an enhanced image sensor technology, dubbed “Isocell Plus,” for clearer and more accurate photos taken by its smartphones, according to a company official on Wednesday.“The new Isocell Plus will start to be mass produced for adoption by new smartphones slated for launch in the second half of the year,” said an official at Samsung Electronics’ System LSI Business at the company’s exhibi
TechnologyJune 27, 2018
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Concerns raised about unchecked fiscal spending
Warnings have been raised against the increasing reliance of President Moon Jae-in’s government on fiscal spending to carry on what critics say is a mixture of misguided policies.Economists worry that the Moon administration’s eagerness to increase fiscal expenditure as a panacea for curing economic problems, which have been partly exacerbated by its policies, will hurt the country’s long-term fiscal soundness.Since taking office in May last year, Moon has pushed for income-led
EconomyJune 27, 2018
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Watchdog to probe 3 banks' loan interest miscalculation
South Korea’s financial watchdog said Wednesday it will inspect three banks alleged to have overcharged borrowers for more loans by incorrectly calculating the interest. On Tuesday, KEB Hana Bank, Citibank Korea and Kyongnam Bank were revealed to have taken a combined 2.7 billion won ($2.4 million) in revenue from information input errors such as omitting the borrowers’ income or collateral in lending rate calculations. The Financial Supervisory Service said they will be first lookin
MarketJune 27, 2018
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Black rice may help prevent osteoporosis: study
A new study suggested a possibility that black rice might help prevent the onset of osteoporosis.The joint study conducted by Eulji University and Korea University discovered that black rice extract can help prevent osteoporosis, the Rural Development Administration said on Wednesday.In the study, black rice aleurone layer extract was given to lab rats with osteoporosis over a period of 12 weeks and researchers found that bone density and bone strength among the rats increased 8 percent and 11 p
TechnologyJune 27, 2018
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E-Mart to launch Korean version of Japan's discount retailer Don Quijote
E-Mart Inc., South Korea's largest hypermarket chain operator, on Wednesday unveiled its new discount store brand, as it strives lure more consumers out to offline malls in the face of tough competition with online retailers. The 2,513-square-meter store, Pierrot Shopping, will open to the public at the Convention and Exhibition Center in Seoul on Thursday, handling some 40,000 items ranging from electronic appliances to luxury goods and adult supplies, according to the company. (E-Mart)"From th
IndustryJune 27, 2018
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[Advertorial] Posco E&C opens 2nd sales of residential estate in Clark, Philippines
[South Korea’s leading engineering and construction firm Posco Engineering & Construction has opened the second round of sales for a premium residential estate in Clark, the Philippines, after a successful first round last year. The planned The Sharp Clark Hills. (Posco E&C)The Sharp Clark Hills offers the benefits of a natural environment and heightened security. South Koreans recognize Clark as a vacation spot that is relatively close to Korea, where they go to enjoy golf and other leisure spo
IndustryJune 27, 2018
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Bodyfriend slammed for forcing employees to sign health agreement
Bodyfriend, a health and wellness technology company known for premium massage chairs, was hit with criticisms on Wednesday after allegations surfaced that the company forced its employees to sign unfair contract. A model poses with Bodyfriend product. (Bodyfriend)According to some employees, the contract in question contained details such as an agreement by an employee to participate in the company’s wellness program conducted under its medical R&D center. Although the details of the program w
IndustryJune 27, 2018
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[Photo News] Jeju Air x Pinkfong aircraft draws attention
PINKFONG ON FLIGHT -- Korean children’s content producer SmartStudy unveils a Jeju Air plane decorated with its character Pinkfong on Wednesday. The project was launched as part of a joint marketing agreement signed between Korean low-cost carrier Jeju Air and SmartStudy in April. (SmartStudy)
IndustryJune 27, 2018
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Rival parties stand apart over government's drive for 'income-led growth'
Opposition parties have ratcheted up their criticism against the government's drive for "income-driven growth" following their crushing defeat in the recent local elections, calling for an outright review on the policy.The ruling Democratic Party is defending the economic policy, which calls for a virtuous cycle of increasing household income and spending, and the need for an expansionary fiscal policy to buttress it.The South Korean economy heavily depends on conglomerates-led exports
EconomyJune 27, 2018