Most Popular
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[Weekender] Geeks have never been so chic in Korea
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
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US Air Force blames power loss, weather for F-16 crash in S. Korea in May 2023
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Ex-president Moon recalls in memoir NK leader voiced will not to use nukes
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US military commander in S. Korea during Gwangju uprising dies
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US expert says N. Korea might ignore Trump if he returns to White House
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[Kosdaq Star] Nexon GT enjoys surprising month on new release, blockchain business
This is the 42nd in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- EdTwo pieces of good news gave mobile game developer Nexon GT an unexpected month of stellar performance on the stock market. The Kosdaq-listed Nexon GT’s strong performance in September mainly stemmed from its wholly-owned subsidiary Nexon Red’s new game release “AxE” on Sept. 14. In addition, on Wednesday, Nexon GT’s holding company NXC ventured into the b
MarketOct. 1, 2017
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Popularity of instant rice products grows in S. Korea: report
Popularity of instant rice products are rising steadily in South Korea despite sharp drops in overall consumption of the staple grain, industry data showed Sunday.Sales figures by E-Mart, the country's largest hypermarket chain, showed demand for rice dropped 14 percent on-year in the January-August period of this year, but sales for ready to eat products jumped 17 percent.The company, in particular, said sales of so-called home meal replacement (HMR) products that are very easy to prepare surge
IndustryOct. 1, 2017
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Online sale of traditional alcoholic beverages surge ahead of Chuseok
Online sales of traditional Korean alcoholic beverages surged ahead of this year's very long Chuseok holiday, local shopping sites said Saturday.According to Auction, a leading online retailer, demand for beverages containing alcohol shot up 276 percent in the period Aug.28 to Wednesday of this week, compared to a month earlier. The company said it started selling traditional beverages July 18. (Yonhap)It said sales of distilled products soared 544 percent, followed by yakju and soju, which rose
IndustrySept. 30, 2017
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S. Korean bourse struggles ahead of long Chuseok holiday
South Korea's bourse struggled ahead of this year's long Chuseok holiday as tensions between the United States and North Korea reached new heights causing jitters among investors, observers here said Saturday.According to the Korea Exchange (KRX), the country's KOSPI lost ground for seven straight sessions from Sept. 19 through Wednesday of this week. This is the longest losing streak for the main bourse since Sept. 25-Oct. 6 of 2014, it said. "The loss of momentum caused the KOSPI, which w
EconomySept. 30, 2017
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Celltrion chief says he's pushing to build new plant in foreign country
The head of South Korean biopharmaceutical firm Celltrion Inc. said Friday that he is pushing to build the third plant in a foreign country due to geopolitical risks over North Korea's nuclear and missile programs.Seo Jung-jin, chairman of the Celltrion Group, said he has made the decision at the request of foreign distributors, who have voiced concerns about possible disruptions of production and supply of biopharmaceutical products amid heightened tensions on the Korean Peninsula."Personally,
IndustrySept. 30, 2017
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Farms, fishery products fueling consumer price hikes: poll
More than half of all South Korean households believe farm and fishery produces are fueling consumer price hikes, a national poll showed Saturday.The survey in the Bank of Korea's September consumer report showed that 51.4 percent of households here believed farm goods, meat and fish will have the greatest impact on consumer prices in the upcoming one-year period. (Yonhap)This was followed by 40.1 percent who thought manufactured goods would have the most effect on overall prices. The findings f
BusinessSept. 30, 2017
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Creditors to restructure Kumho Tire with cash injection
Creditors of Kumho Tire Co. said Friday they will push forward a debt restructuring plan for the financially troubled tiremaker as they found its self-rescue plans insufficient to pull off a turnaround, the main creditor Korea Development Bank said Friday.With the decision, the country's second-largest tiremaker has been placed under a creditor-led restructuring program three years after it graduated from a legally binding workout program in 2014.That program was also led by its lenders.KDB Chai
IndustrySept. 29, 2017
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Coupang seeks to draw customers with honest, credible reviews
E-commerce platform Coupang working to ensuring that the reviews displayed are credible and honest in order to attract users that rely on customer reviews to make shopping decisions.As more online shoppers turn to customer reviews to help them make consumer choices, the need for objective reviews has become more important. Coupang’s online reviews (Coupang)Unlike many other online shopping malls that provide incentives to consumers for posting positive reviews or take measures to push negative r
IndustrySept. 29, 2017
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Kellogg Korea CEO wins CSR award
Kellogg Korea‘s chief executive was awarded the top honors for corporate social responsibility by Fortune Korea, Kellogg said Friday. Kellogg Korea CEO Han Jong-kap (right) receives the CSR award at the 2017 Fortune Korean Leader Awards, Friday. (Kellogg)Kellogg Korea President & CEO Han Jong-kap took home the CSR award at the 2017 Fortune Korean Leader Awards. The awards are hosted by Fortune Korea and sponsored by the Industry Ministry and the Future Ministry. Han was given the award in recogn
IndustrySept. 29, 2017
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Auto industry outlook worst in eight years
The economic outlook of the nation’s auto industry has plunged to its worst level in eight years due to concerns over continued labor strikes and THADD reprisals, according to a report by the Bank of Korea released Friday. The bank’s data showed that the Business Survey Index for the economic outlook for the automobile industry in the month of October was expected to fall by 13 points compared to the previous month’s 59. The figure marks the lowest outlook level since July 2009. The BSI is an e
IndustrySept. 29, 2017
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Korean stocks end higher on institutional buying
South Korean stocks closed higher Friday as institutional investors and foreigners bought large-cap stocks ahead of a long holiday next week. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index rose 21.33 points, or 0.90 Percent, to 2,394.47.South Korea's stock markets will be closed from Oct. 2 through Oct. 9 as people celebrate Chuseok -- the equivalent to Thanksgiving Day in the US -- and two other national holidays. The main index advanced for a sec
MarketSept. 29, 2017
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Finance minister expects Oct. economic data to deteriorate due to long holiday
Finance Minister Kim Dong-yeon said Friday he expects exports and other economic data for next month to deteriorate due to the 10-day Chuseok holiday.Kim made the remarks during a meeting with religious leaders earlier in the day. This year's Chuseok, or autumn harvest celebration, which falls next Wednesday, will be longest in decades because of its nearness to two other national holidays. The government even declared next Monday a one-off holiday to bridge the gap between this weekend an
EconomySept. 29, 2017
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Korea delays opening of new duty-free shops amid THAAD row
South Korea has postponed the opening of new duty-free shops by one year amid a diplomatic row between Seoul and Beijing over a missile defense system, industry sources said Friday.In December last year, the Korea Customs Service announced six new operators of duty-free shops in Seoul and two provincial cities, giving them 12 months to prepare to open their shops.The KCS picked Hyundai Department Store, Shinsegae DF and Lotte Duty Free for three outlets in Seoul. Top City took the Seoul slot res
IndustrySept. 29, 2017
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US semiconductor packaging firm files lawsuit against Samsung Electronics
A US-based semiconductor technology company filed a lawsuit against Samsung Electronics Co. claiming patent infringement, industry sources said Friday.According to the sources, Tessera Technologies Inc. and its affiliates claimed Samsung Electronics made use of some 24 patented items, covering a wide range of semiconductor processing, bonding and packaging technologies. (Yonhap)The Samsung products involved in the alleged infringements include the Galaxy S6, S7 and S8 smartphones, as well as the
TechnologySept. 29, 2017
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Korean researchers develop sensor to detect drug intake from single drop of sweat
South Korean researchers have developed a portable wireless sensor which is able to detect a person’s intake of amphetamine-based drugs like Adderall, Ecstasy and Crystal Meth using just a drop of sweat, saliva or urine. The sensor was co-developed by Korea’s Institute for Basic Science and Pohang University of Science and Technology. Their work was published Friday in Chem, a sister journal to the physical sciences journal Cell.Right now, drug testing involves using complex diagnostics devices
TechnologySept. 29, 2017
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Bank of Korea offers net W7tr in liquidity ahead of Chuseok holiday
The Bank of Korea said Friday it has injected a net 7 trillion won ($6.1 billion) in liquidity into the financial system to help keep the money supply stable ahead of the Chuseok holiday. The central bank said its money injection for the 10 business days leading up to the holiday jumped 43.3 percent from a year ago as this year's holiday is the longest in decades. The government gave everyone Monday off to boost domestic consumption, while this year's Chuseok is preceded and followed by other na
MarketSept. 29, 2017
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Hanmi presents new Lapscovery-based drug candidates
Hanmi Pharmaceutical has presented two drug candidates employing its proprietary Lapscovery platform technology at the European Association for the Study of Diabetes.The two therapies in development are a triple agonist for non-alcoholic fatty liver disease and Parkinson’s, and a glucagon analog for treating congenital hyperinsulinism.Both drugs employ Hanmi’s Lapscovery — short for Long Acting Protein and Peptide Discovery — which extends the life of a biologic drug within the body, extending i
IndustrySept. 29, 2017
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Mobile purchases continue to break new records in Aug.
Purchases made through mobile devices in South Korea continued to break new records last month as a growing number of people spend more time with their handsets, government data showed Friday.Mobile transactions through smartphones and tablets reached an all-time high of 4.04 trillion won ($3.5 billion) in August, up 29.5 percent from a year earlier, according to data from Statistics Korea. (Yonhap)The total amount of mobile transactions accounted for 61.9 percent of all online purchases made du
TechnologySept. 29, 2017
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[Monitor] Female employment grows, glass-ceiling at public sector exists
The percentage of female employees hired by large businesses and public institutions grew 7 percentage points to 37.8 percent over the last decade, according to data compiled by the Ministry of Labor. The percentage of female managers also rose 10 percentage points to 20 percent last year, but senior female employees at public offices remain lower than those at private companies. The percentage of female managers at public entities was 16.47 percent while those in the private sector was 21.16 p
IndustrySept. 29, 2017
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[Photo News] FedEx to open terminal at Incheon Airport
Incheon International Airport Corp. CEO Chung Il-young (center left) and FedEx Express Regional Vice President for North Pacific Masamichi Ujiie (center right) pose at a signing ceremony for the development and operation of an exclusive freight terminal for FedEx at Incheon Airport, Thursday. The new FedEx terminal will span 23,425 square meters and begin operations in the first half of 2021, handling 18,000 cargo per hour. (Incheon Airport)
IndustrySept. 29, 2017