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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Luxury restaurants, hotel buffets fully booked for year-end holidays: sources
Most luxury restaurants and buffet restaurants at major hotels in Seoul have almost been fully booked for Christmas and year-end holidays, industry sources said Thursday.Viking's Wharf, a lobster buffet restaurant chain, said it has completed accepting reservations for tables at its outlets in Jamsil and Yeouido for the coming days until Dec. 31.Wolfgangs Steak House said all the seats have been booked for Sunday and Christmas on Monday, except for just a few tables for the 9-11 p.m. dining peri
IndustryDec. 21, 2017
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Record number of job quitters remain unemployed
A record number of South Koreans who quit their jobs more than a year ago remained unemployed in November amid a severe job crunch, government data showed Thursday.According to the data from Statistics Korea, those people accounted for 30 percent of the country's total jobless tallied at 874,000 last month.It marks the first time that the ratio has reached the 30 percent mark since the agency started to compile related data in June 1999. The figure had stayed in the 10 percent range before excee
EconomyDec. 21, 2017
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Korea files third-largest number of AI patents in the world
South Korea's state-run information and communications promotion agency said Thursday local companies have filed the third-largest number of patents related to artificial intelligence technology over the past 12 years.The Institute for Information and Communications Technology Promotion said its finding is based on AI-related technologies applied to patent bodies in the United States, Japan, China, the European Union and South Korea from January 2005 to September of this year. (Yonhap)The US ran
TechnologyDec. 21, 2017
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Hanwha to export 24 K9 howitzers to Norway
Norway has signed a contract to buy two dozen K9 Thunder self-propelled 155mm howitzers from South Korea, a show of the artillery system's competitiveness in the European market, its manufacturer announced Thursday.Under the 245.2 billion-won ($226.3 million) deal, Hanwha Land Systems will deliver 24 K9 howitzers and six K10 ammunition resupply vehicles by 2020.It marks the firm's third export contract of the weapon system this year following agreements to sell 48 K9s to Finland and 100 others t
IndustryDec. 21, 2017
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[Graphic News] Electric car sales surging: IEA
The number of electric vehicles on the road rocketed to 2 million in 2016, having been virtually nonexistent just five years ago, according to the International Energy Agency. Globally, 753 000 plug-in electric vehicles were sold in 2016, 60 percent of which were battery-electric cars. China remained the largest market for electric vehicles for a second consecutive year and, in 2016, accounted for close to half of global sales. Europe represented the second-largest global market, followed by t
BusinessDec. 20, 2017
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Shilla Duty Free picked for Jeju International Airport
(Yonhap)Shilla Duty Free, operated by Hotel Shilla, has secured the license to operate its duty-free business at the airport in the country‘s resort island of Jeju, the Korea Customs Service said Wednesday. Shilla Duty Free now has the right to run duty-free stores at Jeju International Airport for five years. The bidding took place as Hanwha Galleria, retail unit of Hanwha Group, decided to withdraw its business from the airport after the company suffered from a drop in the number of visitors f
IndustryDec. 20, 2017
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Dessert Choco Pie released in 4 different flavors
Orion, the manufacturer of Choco Pie, has rolled out Dessert Choco Pie -- an upgraded version of the snack that was launched in 1974. (Orion)Choco Pie is popular in Korea to the extent that some call it a “national snack.”The new product comes in four flavors: original, caramel salt, cacao and red velvet. Red Velvet Choco Pie -- the most noticeably different -- is made of two pieces of round chocolate sponge, soft white marshmallow and strawberry cream. (Orion)According to an industry insider,
IndustryDec. 20, 2017
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Posco’s premium steel, engineering solution used for PyeongChang Olympics
Premium steel products and an engineering solution by Posco were used for the construction of major facilities for the PyeongChang Winter Olympics, the company said Wednesday.Posco, the nation’s largest steelmaker, supplied steel products for the construction of major buildings at sites for the sporting event including the International Broadcasting Center, media residence and Gwandong Hockey Center. The company said it had tailored steel structures for the construction of the broadcast center t
IndustryDec. 20, 2017
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LG-invested power plant in China starts operation
A combined heat and power plant in northwestern China invested by LG International Corp., the trading arm of South Korea’s LG Group, has recently started operation, the company in Seoul said Wednesday. Combined heat and power plant in Wuwei, Gansu Province, China (LG International Corp.)In 2015, the company formed a joint venture with Gansu Province Electric Investment Group Corp. to build a power plant capable of generating 700 megawatts of electricity. Built on 410,000 square meters of land, t
IndustryDec. 20, 2017
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China restricts Korea-bound group tour: sources
BEIJING/SEOUL -- Chinese authorities have rejected a request by a group of Chinese nationals to visit South Korea later this week, industry sources said Wednesday.The tourists were supposed to leave for South Korea on Friday in a trip arranged by Haitao Travel, a Chinese tour operator, according to the sources.Chinese citizens are required to win approval from their authorities for group tours.Haitao Travel brought the first group of Chinese to South Korea earlier this month after Beijing partia
IndustryDec. 20, 2017
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Former Bixby chief Rhee In-jong leaves Samsung
Rhee In-jong, Samsung’s mobile chief technology officer and former Bixby chief, has resigned, Samsung confirmed Wednesday. The former software chief for Samsung’s mobile division had expressed his wish to leave Samsung in July, citing personal reasons, the Korean tech firm said. Caption: Rhee In-jong (Samsung Electronics)During the firm’s shake-up last month, Samsung consolidated its software and hardware divisions for mobile devices and appointed Executive Vice President Roh Tae-moon as the chi
IndustryDec. 20, 2017
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Dongsuh Foods gives back through culture events
Dongsuh Foods, a South Korean food and beverage manufacturer and leading player in the domestic coffee market, engages in cultural and arts programs every year as part of its outreach initiatives.Every year, the company hosts “Dongsuh Coffee Classic,” a concert offered free of charge to residents in fall. This year, the concert was held in October in Chuncheon, Gangwon Province, inviting pianist Paik Hae-sun, violinist Woo Yezu, opera singer Kai, soprano Shin Della and tenor Kim Seung-Jick.Total
IndustryDec. 20, 2017
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Korean Air to bring in Korea’s first Bombardier CS300
Korea’s flagship air carrier is set to bring in Korea’s first CS300 jet from Canadian maker Bombardier, the company said Wednesday. A Korean Air CS300 jet from Bombardier (Korean Air)Outfitted with 127 seats, the CS300 will arrive at Gimpo Airport on Christmas Day. A second CS300 will arrive on New Year’s Day, with both planes starting revenue flights on domestic routes on Jan. 16. The Bombardier jet is widely reputed for its fuel efficiency, up to 20 percent better than comparable planes, with
IndustryDec. 20, 2017
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Trade figures veil weakening competitiveness
Impressive trade figures logged by Korea this year have veiled the weakening competitiveness of its major manufacturing industries, analysts here say.The country’s outbound shipments in the first 11 months of the year reached a record-high $524.8 billion, up 16.5 percent from a year earlier, according to data from the Ministry of Trade, Industry and Energy.Riding on the surge in exports, Asia’s fourth-largest economy saw its annual trade volume exceed $1 trillion last week. Korea&rsq
EconomyDec. 20, 2017
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Jobs, innovation, aging key parts of economic policy for 2018
South Korea’s Deputy Prime Minister Kim Dong-yeon said Wednesday the country needs to tackle unemployment, foster innovative growth and address the low birthrate and aging population, a week ahead of releasing the economic policy direction for next year.While Kim assured that Korea would achieve economic growth of 3 percent this year and maintain a robust uptrend in the wake of the improving Korea-China relationship, he said the country would face persistent economic threats from within th
EconomyDec. 20, 2017
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Lexus Korea releases flagship premium hybrid
Lexus Korea released the LS 500h flagship premium hybrid sedan Wednesday in Jamsil, eastern Seoul. The premium carmaker introduced the fifth-generation model at the Geneva Motor Show in March. It took 11 years to design the fully changed LS 500h.The company highlighted during a press launch that it represents the new segment that has combined premium and hybrid models. The LS 500h flagship premium hybrid sedan (Lexus Korea)The automaker’s flagship models have been targeting the small yet lucrati
MobilityDec. 20, 2017
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LX Corp. to create 20 billion won fund for SMEs by 2021
State-run Korea Land and Geospatial Informatix Corporation will seek to bolster mutual development with small and midsize firms and expand support for promising individuals by forming a 20 billion won ($18.3 million) fund within three years, the company said Wednesday.“Public institutions are responsible for creating an economy in which all members are well off,” said Park Myoung-sik, CEO of LX Corp.“LX will continually make efforts to put together more opportunities to support SMEs, entrepreneu
IndustryDec. 20, 2017
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Tech firms double down on AI-powered home appliances
Korean tech firms Samsung Electronics and LG Electronics are betting on home appliances powered by artificial intelligence. In its latest move, LG Electronics announced Wednesday it would adopt its artificial intelligence brand ThinQ into all of its home appliances, consumer electronics and services unveiled next year. ThinQ-powered products and services are able to employ deep learning and communicate with one another, using a variety of AI technologies from other partners as well as LG’s own A
TechnologyDec. 20, 2017
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[Newsmaker] Success of PyeongChang Olympics hinges on KT
PYEONGCHANG, Gangwon Province – With 50 days until the PyeongChang 2018 Winter Olympic Games, engineers at KT are working hard to ensure a flawless worldwide broadcast of the Olympics.It took 1,000 days for KT, an official telecommunications partner of the Olympics, to establish telecom networks for streaming and broadcasting the games. “In the worst case, if the network for game streaming has some errors, it’s the end of the world, and all games will be stopped,” said Lee Jong-dae, vice preside
TechnologyDec. 20, 2017
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Korea to invest W110tr in renewable energy sources by 2030
South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won ($101 billion), the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy announced the detailed plans for its new energy road map, which aims to increase the ratio of renewable energy from the current 7 percent to 20 percent by 2030. The increase will allow renewable energy output to reach 63.8 gigawatt capacity. To achieve
EconomyDec. 20, 2017