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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Korea unveils measures to tame cryptocurrencies
South Korea rolled out plans Wednesday to curb speculation on cryptocurrencies, including trade bans for minors and ways to impose taxes on investment returns, in its resolve to tame the country’s bitcoin craze without completely shutting it off. Banks in Korea that provide virtual bank accounts for cryptocurrency trades will have to verify the identification of account holders when creating new ones and prohibit minors from opening accounts, according to the plan.The regulators will also
MarketDec. 13, 2017
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Koo says LG will concentrate on electric vehicles, energy
South Korean conglomerate LG’s second-in-command Vice Chairman Koo Bon-joon on Tuesday said the group will put its top priority on electric vehicle and energy businesses in the next 30 years, with an enhanced focus on business-to-business markets. Koo, the third son of honorary Chairman Koo Cha-kyoung, is currently at the forefront of leading LG’s new businesses that will drive future growth, although his older brother Chairman Koo Bon-moo is at the helm of the group. The younger brother preside
TechnologyDec. 13, 2017
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Intellectual assets matter, Samsung-Apple case shows it: WIPO
SINGAPORE -- The long-drawn-out legal battle between Samsung Electronics and Apple may be a headache for the world’s top two smartphone makers, but is also proof for the pivotal role of intellectual assets in the global economy, according to the World Intellectual Property Organization.“We are living in an era when conventional physical assets are increasingly converted into intangible intellectual assets and the intellectual property agenda is rising as a key basis of business competition,” sai
IndustryDec. 13, 2017
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Organica’s Clean Food brand expands offerings at Emart24 nationwide
Premium natural food company Organica said Wednesday that it was expanding distribution of its Clean Food line to all Emart24 stores nationwide. Organica has been offering Clean Food Meal Boxes, premium sandwiches and cleanse salads at 33 select Emart24 stores since August, bringing healthful food options to convenience store shoppers.Starting Wednesday, those products are supplied to 2,600 Emart24 stores nationwide -- just five months after their launch.According to Emart24, the test run of Org
IndustryDec. 13, 2017
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AirAsia X introduces Jeju-Kuala Lumpur direct flights
JEJU ISLAND -- AirAsia X, the long-haul arm of the AirAsia group, on Wednesday celebrated the launch of its direct route between Jeju Island and Kuala Lumpur, operating four times weekly.“We see great potential for two-way crossflows of traffic between Kuala Lumpur, Jeju and beyond through our connectivities,” said AirAsia X Chairwoman Tan Sri Rafidah Aziz at a press conference held at Lotte City Hotel on Jeju Island.AirAsia X already operates routes to Kuala Lumpur flying out of Incheon and Bus
IndustryDec. 13, 2017
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Korea to form new body for discussing fair IT policy direction
South Korea’s media regulator said Wednesday it would form a new body to oversee key policy issues affecting the internet business sector, including the establishment of equal regulations for Korean and foreign firms alike. They will also discuss deregulation to support firms seeking to introduce novel technologies and business models to the market.The Korea Communications Commission met with the heads of Korea’s eight representative internet companies, including Naver, Kakao, Google Korea, Face
TechnologyDec. 13, 2017
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Korea decides on range of measures to curb cryptocurrency speculation
South Korea's government decided Wednesday to seek a series of measures to curb cryptocurrency speculation and crimes, including barring minors from trading cybermoney and opening investment accounts, officials said.During an emergency meeting of senior officials from related ministries, the government also decided to prohibit local financial institutions from possessing, purchasing or investing in the virtual currencies.The measures also include checking the identities of those doing bank trans
MarketDec. 13, 2017
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Hyundai Motor to release 38 green cars by 2025
Hyundai Motor to release 38 green cars by 2025kicker: Automaker feels the need to get its hands on EV battery technologyBy Kim Bo-gyungSouth Korea’s Hyundai Motor has pledged to roll out 38 green car models by 2025 from the current 13, pursuing a two-track strategy centered on electric vehicles and fuel cell electric vehicles. The company shared its road map for green cars during a seminar held at Hyundai Motor Studio in central Seoul last week. In the first quarter of 2018 Hyundai will launch t
MobilityDec. 13, 2017
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Samsung patents ‘double-sided’ smartphone
Samsung is working on “double-sided” smartphone in which the display covers almost half of the back of the device, according to Dutch tech media on Wednesday.According to LetsGoDigital, Samsung Display filed a patent application for its “double-sided” display smartphone to the United States Patent and Trademark Office in September, 2016 and the USPTO published the patent on Wednesday. The original Korean patent was already filed in October 2015.The phone is not foldable but it comes with a touch
IndustryDec. 13, 2017
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BMW, Benz, Kia selected safest cars
Korea‘s Transport Ministry crowned the BMW 520d, Mercedes-Benz E220d and Kia Motors Stinger sedans the safest cars of the year.In this year‘s vehicle safety test conducted by the government, BMW’s top-selling 520d sedan proved to be the safest, with 99.1 points out of 100.That marked the highest point total ever since the ministry started its annual testing in 2013. BMW 520d (BMW Korea)The Benz E220d received 97.4 points, followed by Kia’s performance sedan Stinger at 92.6 points, the ministry s
MobilityDec. 13, 2017
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Monthly living costs for retirees W1.77m per household: survey
The minimum living expenses for retired elderly people was tallied at 1.77 million won ($1,600) per month for each household, a survey showed Wednesday.The optimum monthly cost of living for retirees, however, is 2.51 million won per household, according to KB Financial Group's recent survey of 2,000 people aged between 20 and 74.Only 27 percent of those surveyed said they are prepared for their minimum living expenses after retirement. Less than half of those in their 50s said they have yet to
EconomyDec. 13, 2017
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Korea’s largest Starbucks to open in front of Bosingak Bell
Starbucks Coffee Korea said Tuesday that it is to open its largest branch in the heart of Seoul next Wednesday. The store, dubbed “The Jongno branch,” is around 1,100 square meters, being four times larger than the average size of other branches. It will be located at Jongno Tower, Jongno-gu. (Yonhap)The store space is to be classified in six zones -- Grand Bar, Dining Zone, Lounge Space, Coffee Stage and Coffee Gathering. Customers can enjoy more than 100 kinds of beverages and merchandising p
IndustryDec. 13, 2017
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Foreign stock buying slows down in Nov.
Foreign investors bought South Korean stocks at a slower pace in November, but they turned to net sellers in the bond market amid security jitters and profit-taking, the central bank said Wednesday.Foreigners purchased $450 million worth of local stocks last month, down sharply from $2.8 billion in the previous month, according to the Bank of Korea.In the bond market, they offloaded $1.41 billion in November, compared with a $650 million purchase in October.Foreigners have been low key in the So
MarketDec. 13, 2017
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Growth pace of household lending slows down in Nov.
South Korea's household lending by banks slowed down slightly last month amid the government's toughened financial measures to cool down the real estate market, central bank data showed Wednesday.Outstanding household loans from lenders came to 762.7 trillion won ($698.4 billion) as of the end of November, according to the data by the Bank of Korea. This marks a 6.6 trillion-won increase from a month earlier, down from a 6.9 trillion-won rise in OctoberMortgages climbed 3 trillion won on-month t
MarketDec. 13, 2017
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Fed forecast to hike rates four times in 2018
A growing number of market experts are forecasting the US central bank will raise its key interest rate four times in 2018 on an economic recovery and a tax overhaul, industry sources said Wednesday.Global investment bank Goldman Sachs has recently projected the US Federal Reserve Board to jack up the federal funds rate four times in the coming year, with JP Morgan and Jefferies making the same forecast, according to the sources.So far, six investment banking giants -- Bank of America Merrill Ly
MarketDec. 13, 2017
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Govt. decides on range of measures to curb cryptocurrency speculation
South Korea's government decided Wednesday to roll out a series of measures to curb cryptocurrency speculation, including barring minors from opening investment accounts, officials said.During an emergency meeting of senior officials from related ministries, the government also decided to prohibit local financial institutions from possessing, purchasing or investing in the virtual currencies.The measures also include checking the indentities of those doing bank transactions related to cybermoney
MarketDec. 13, 2017
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Hyundai Motor to sharply beef up EV lineup by 2025
Hyundai Motor Group said Wednesday it will dramatically beef up its pure-electric car lineup in the next eight years in line with global carmakers' latest push to go electric.Hyundai Motor Co. and its affiliate Kia Motors Corp. are planning to increase the number of all-electric vehicles to 14 by 2025 from the current two models, Hyundai's Ioniq EV and Kia's Soul EV, Hyundai Motor Senior Vice President Lee Ki-sang said in a recent press briefing.To strengthen its EV lineup, Hyundai Motor plans t
MobilityDec. 13, 2017
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Surplus cash of top 100 firms plunges on more investment
South Korea's top 100 firms by market capitalization saw their surplus cash tumble nearly 35 percent this year from a year earlier due largely to increased investment, a market tracker said Wednesday.The leading listed companies had a combined surplus cash flow of 34.1 trillion won ($31.2 billion) as of the end of September, down 34.7 percent from the end of last year, according to CEO Score.The tally covers 97 companies out of the total, which had comparable figures. Cash flow refers to the cas
IndustryDec. 13, 2017
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Korea's jobless rate edges up in Nov.
South Korea's jobless rate rose slightly in November as the construction sector hired fewer temporary workers than before amid relatively cold weather, government data showed Wednesday. The unemployment rate stood at 3.2 percent last month, up 0.1 percentage point from a year earlier, according to the report compiled by Statistics Korea.From a month earlier, it remained unchanged.October's unemployment rate marked the lowest rate since December last year, when it hit 3.2 percent. The number of e
EconomyDec. 13, 2017
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New 'supernote' found in S. Korea could be from North
A new high-quality counterfeit $100 bill has been found in South Korea, bank officials said Tuesday, prompting suggestions the sanctions-hit North might have resumed forging "supernotes".A team of forgery specialists at KEB Hana Bank have confirmed that a $100 note found at a Seoul branch in November was a fake which was almost impossible to distinguish from real banknotes, they said."It was the first of a new kind of supernote ever found in the world," Yi Ho-Joong, head of t
MarketDec. 12, 2017