Most Popular
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Debate on 'no-seniors zones' heats up
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Is NewJeans headed for a long 'break'?
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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S. Korea, Cambodia forge strategic partnership
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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What's next for the government's push in quota hike?
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Samsung kicks off marketing drive for Galaxy S8 in Korea
Samsung Electronics Co. started a full-fledged marketing drive for its latest flagship smartphone, the Galaxy S8, in South Korea, industry watchers said Friday, ahead of the official release slated for April 21.Samsung already started displaying the Galaxy S8 and the Galaxy S8 Plus at its main shop located in southern Seoul on Thursday, allowing visitors to experience firsthand the top-notch features and cutting-edge design that has received positive initial reviews from home and abroad.(Yonhap)
IndustryMarch 31, 2017
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KRX exports stock IT system to 8 nations
The South Korean stock market operator said Friday it has exported its advanced IT system for stock trading to Malaysia and seven other countries over the past decade, earning more than 80 billion won ($71.6 million).Starting with the establishment of a bond trading system in Malaysia in 2007, the Korea Exchange has exported 14 IT systems related to the stock market to the eight countries, mostly in Southeast Asia.(Yonhap)In 2011, the KRX set up a joint stock exchange in Laos in partnership with
March 31, 2017
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Seoul shares open tad higher on steelmaker, auto gains
South Korean stocks opened slightly higher Friday, buoyed by strong blue chip steelmakers and automobiles, analysts said. The benchmark Korea Composite Stock Price Indexticked up 0.78 point, or 0.04 percent, to trade at 2,165.42 in the first 15 minutes of trading. POSCO, the country's leading steelmaker, jumped nearly 2 percent, after it released a better-than-expected earnings guidance for the first quarter Thursday. No. 1 automaker Hyundai Motor was also up almost 1 percent, with its auto part
March 31, 2017
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Artificial intelligence gains momentum among IT companies
Artificial intelligence, for the past few decades, used to be a staple of science fiction films in which a future was depicted as being full of robots that are as smart as humans. In "A.I. Artificial Intelligence," directed by Steven Spielberg and released in 2001, a robotic boy even dreams of becoming "real" so he can gain the love of his human parents.Now, AI and cybernetics are moving beyond the realm of fiction and are penetrating deeper into our everyday lives. Without realizing it, AI has
TechnologyMarch 31, 2017
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Korea's industrial output shoots up 6.6% in Feb.
South Korea's industrial output jumped at the fastest pace in nearly four years in February, government data showed Friday.Production in the mining, manufacturing, gas and electricity industries moved up 6.6 percent last month from a year earlier, marking the highest on-year gain since January 2013, when it posted a 9 percent rise, according to the data by Statistics Korea.(Yonhap)From a month earlier, however, the figure fell 3.4 percent on a sharp drop in chips and cars, backtracking from a 2.
IndustryMarch 31, 2017
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Korea's seaport cargo up 3.7% through Feb.
Cargo processed at South Korean seaports rose slightly in the first two months of the year from a year earlier amid a steady increase in exports, government data showed Friday.Cargo handled at the country's seaports came to 252.25 million tons in the January-February period, up 3.7 percent from 242.31 million tons tallied a year earlier, according to the data by the Ministry of Oceans and Fisheries.(Yonhap)Non-container cargo rose 3.7 percent on-year to 181.37 million tons over the two-month per
IndustryMarch 31, 2017
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US imposes 11.7% duty on steel plate imports from Posco
The US Department of Commerce decided Thursday to impose an 11.7 percent duty on carbon and alloy steel plate imports from South Korea‘s steel giant Posco.The penalty is slightly higher than the department’s preliminary decision made in November to impose a 7.46 percent duty on Posco products, but is still considered a moderate level, compared with duties levied on companies in other countries.(Yonhap)The move affects cut-to-length plate imports.Japanese companies were hit with duties ranging fr
IndustryMarch 31, 2017
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POSCO sees its Q1 net more than double on higher prices
POSCO, the country's top steelmaker, said Thursday that its first-quarter net profit is estimated to have more than doubled from a year earlier, driven by firm demand and higher prices.In a regulatory filing, POSCO said its net profit is estimated at 800 billion won (US$716 million) on a consolidated basis in the January-March period, compared with a profit of 338 billion won a year earlier.Its operating income is forecast to be some 1.2 trillion won, up 82 percent from a year earlier, and its s
IndustryMarch 30, 2017
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Hyundai Merchant expands China-Russia route
Hyundai Merchant Marine Co., South Korea's top shipping firm, said Thursday that it expanded its route linking China, South Korea and Russia as part of an effort to capitalize on a surge in shipping demand. (Yonhap)The shipper has been providing its shipping services on the route along with Russian shipping firm FESCO and French firm CMA-CGM.Under the expanded service, Hyundai Merchant will mobilize one container ship for the route every week, with FESCO to put two container vessels into operati
IndustryMarch 30, 2017
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[Seoul Motor Show] SsangYong’s G4 Rexton makes world debut
SsangYong Motor unveiled the G4 Rexton in a world premiere on the eve of the Seoul Motor Show on Thursday, seeking to expand its presence in the fast-growing market for sport utility vehicles.Previously referred to as the Y400, the South Korean carmaker owned by Mumbai-based Mahindra Group named the large SUV the G4 Rexton to highlight four main aspects. The G4 is meant to represent the “Great 4 Revolution” in driving, safety, style and high technology, the carmaker said.“Ssangyong is in the pha
MobilityMarch 30, 2017
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Samsung unveils much-awaited Galaxy S8
Samsung Electronics has finally unveiled its flagship Galaxy S8 smartphone, the tech giant’s first premium phone since the embarrassing recall of its fire-prone Note 7 last year. The new features of the much-awaited smartphone -- artificial intelligence assistant Bixby, a bigger display and facial recognition -- did nothing to dispel the notion that the tech giant excels on hardware but is relatively weaker with software compared to its Western counterparts.Smart voice assistant Bixby, which had
TechnologyMarch 30, 2017
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[Herald Interview] Mexico’s Oaxaca eyes economic ties with Korea
Oaxaca, a state in Mexico, hopes to learn from South Korea‘s economic miracle and is eager to boost economic ties with the country, its economic secretary told The Korea Herald Thursday. Mario Jesus Rodriguez, the secretary of economy of Oaxaca, and his team, are on a four-day visit to Korea where they hope to learn from the country’s economic development model, he said. “South Korea is important because we know the success of South Korea,” Rodriguez said. “The
March 30, 2017
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[Game Industry] Korean game giants rise in global status
South Korea is home to one of the most advanced digital game markets in the world, ranking fourth in terms of game revenue by country after China, the US and Japan as of 2015. Fueling the growth are Korea’s biggest game companies including Nexon, Netmarble Games, NCSoft and Smilegate — major content exporters that generate a significant part of their revenue from global markets such as China and Europe.Led by these players, the local game industry grew 7.5 percent on-year to 10.72 trillion won (
TechnologyMarch 30, 2017
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[Seoul Motor Show] Hyundai shows off connected mobility, clean energy
Expressing confidence in the areas of future automotive technology, Hyundai Motor unveiled the latest hyper-connected car and autonomous driving technologies at the press preview for the Seoul Motor Show on Thursday, calling them technologies to change overall lifestyle. The nation’s largest carmaker introduced a self-developed platform for connected car service, suggesting that convergence between the automotive and Internet of Things services will place cars as the control tower of smart home
IndustryMarch 30, 2017
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[Seoul Motor Show] Future cars take center stage at Korea’s largest motor show
An auto extravaganza kicks off Friday in Goyang, northwest of Seoul, offering a glimpse into various features of future cars that will change not only the traffic landscape but also urban lifestyles. Under the slogan “Design the future, enjoy the moment,” the Seoul Motor Show has invited 27 car brands from around the world to Kintex. Nearly 300 vehicles, including two world and 42 Korea premieres, will be displayed at the event's 11th outing. (Seoul Motor Show)The show is the only Korean event r
MobilityMarch 30, 2017
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[Game Industry] Nexon out to expand presence in global digital game market
Nexon, a global online game company listed in Japan, is out to drive up its presence in the global game industry by continuing its efforts to offer well-developed games that are strategically localized for markets overseas. Listed on the Tokyo Stock Exchange, Nexon is already an international company, as around 60 percent of its revenue is currently generated abroad, with China being the biggest overseas revenue driver.Since its foundation in 1994, Nexon has produced classic online games such as
TechnologyMarch 30, 2017
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Seoul National University Hospital boasts lead in laparoscopic liver transplants
Mahra Al Dhahouri, a 33-year-old woman from the United Arab Emirates, suffers from autoimmune hepatitis, a disease in which the body’s own immune system attacks the liver and causes inflammation. Her disease progressed to the point that she needed a liver transplant. However, she could not undergo surgery as she could not find a suitable donor that matched her blood type. At South Korea’s Seoul National University Hospital, the patient found a solution: It was possible for her to receive a live
TechnologyMarch 30, 2017
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Kakao to release AI-powered voice assistant platform
South Korean mobile messaging giant Kakao will introduce an artificial intelligence-powered voice assistant platform within the first half of this year, joining forerunners in the field such as Amazon, Google, Facebook and local rival Naver. Kakao, which operates South Korea’s biggest mobile messenger KakaoTalk, announced Thursday that it has formed a new AI division within the company to develop its own AI voice assistant service platform.The company plans to launch the AI assistant platform by
TechnologyMarch 30, 2017
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[Seoul Motor Show] Seoul Motor Show highlights
With 27 participating car brands from around the world, the 11th Seoul Motor Show opening Friday in Kintex, Goyang, is abuzz with new features, designs and technologies geared toward enhanced performance while still being eco-friendly. Here is a brief rundown of the featured automobiles by type. 1. Hydrogen fuel-cell vehiclesHyundai FE Fuel Cell Concept The country’s leading automaker, Hyundai Motor, introduced its Future Eco fuel-cell electric vehicle concept for the first time in Asia. The FE
MobilityMarch 30, 2017
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Organica’s revenue skyrockets with focus on value in nature
A natural food company that initiated a food revolution from a small workshop in Samcheong-dong in 2012 is making its mark in the South Korean food industry. Organica, the organic food developer under Herald Corp., saw its annual revenue jump 108-fold to 86.5 billion won ($77.4 million) in 2016 from 800 million won in 2013. According to the company’s forecast, its revenue is likely to hit 120 billion won this year, which will put the firm on the list of the nation’s 100 largest food companies.Or
IndustryMarch 30, 2017