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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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Robert J. Fouser] Social attitudes toward language proficiency
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[Graphic News] How much do Korean adults read?
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Korean firms target EV charging market in US
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Seoul shares sharply up in late morning trade
South Korean stocks traded sharply higher late Friday morning, with most market heavyweights remaining in positive terrain on overnight gains on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 23.48 points, or 1.23 percent, to 1,928.13 as of 11:20 a.m.Tech and auto shares led the overall market advance.Top market cap Samsung Electronics climbed 0.3 percent after its estimated fourth-quarter operating income beat market expectations at 5.2 trillion won (US$
Jan. 9, 2015
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LG Uplus shortlisted for Ticket Monster takeover
LG Uplus Inc., South Korea's smallest mobile carrier, has been shortlisted for the stake sale of Ticket Monster Inc., the first deal-of-the-day website in the country currently owned by U.S. Groupon Inc., company and industry sources said Friday.LG Uplus said in a regulatory filing that it has submitted a letter of intent for the bid. The company spokesman declined to comment further, citing that it's an ongoing deal.The Seoul-based arm of Deutche Bank AG that manages the deal has picked LG Uplu
CompaniesJan. 9, 2015
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S. Korean shipbuilders' orders fall as global market shrinks on oil price drop
The number of orders won by South Korean shipbuilders fell 36 percent last year as global demand for new ships shrank due to a tumble in oil prices, industry data showed Friday.The data by global market researcher Clarkson Research Services said South Korean shipbuilding companies took orders totaling 11.78 million compensated gross tons (CGTs), or 305 ships, ranking it second in the industry for the fifth consecutive year. China retained its top ranking for the same period.The plunge in oil pri
Jan. 9, 2015
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LG G Flex 2 wins positive feedback at CES
South Korea's No. 2 tech giant, LG Electronics Inc., said Friday it has received positive responses for its new curved-style handset G Flex 2 at the Consumer Electronics Show (CES) under way in the U.S., winning much media recognition.The handset, unveiled at the show, was chosen for the CES Editors' Choice Award by Reviewed.com, the company said. It was also on Digital Trends' Top Tech of CES list and a CES Staff Pick by TechRadar, it said.TechRadar reviewed the new smartphone as "more likely t
TechnologyJan. 9, 2015
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Sales at department stores, discount outlet chains drop in Dec.: data
Sales at South Korea's department stores and discount chains continued to shrink from a year earlier in December but at a slower rate, preliminary government data showed Friday.According to the data from the Ministry of Strategy and Finance, discount chain sales dropped 3.6 percent on-year last month while discount chain sales slipped 0.3 percent.This marked the fourth straight month of decline."Department store and discount chain sales continued to shrink, but the rate of the decline slowed fro
Jan. 9, 2015
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Lee Boo-jin named outside director of China's CITIC
Hotel Shilla CEO Lee Boo-jin, the eldest daughter in the Samsung Group owner family, has been named an outside director of China's largest state-run firm, sources at the hotel said Friday.Lee was named to the board of CITIC Group Corp. as of Dec. 19, they said. CITIC was established in 1979 as part of China's economic reforms and has current assets of about 750 trillion won (US$684.3 billion). Its business covers finance, insurance, engineering and real estate."CITIC made a request to (Lee Boo-j
IndustryJan. 9, 2015
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Hyundai Motor's Sonata awarded for best economic performance in U.S.
Hyundai Motor Co., South Korea's top automaker, said Friday its all-new Sonata has been chosen in the U.S. as the car with the best economic performance.The new Sonata, unveiled last spring, won the "2015 Best Economic Performance Award" in the full-size segment by the Automotive Science Group (ASG), a U.S. auto review organization, according to Hyundai Motor.The ASG announces the winners every year based on the lowest maintenance cost by taking into consideration fuel efficiency, insurance paym
MobilityJan. 9, 2015
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Quantum dot TV sales to top 18 mln units in 2018: report
Global sales of quantum dot TVs, one of the most-watched sectors at this year's Consumer Electronics Show (CES), are expected to exceed 18 million units in 2018, a report showed Friday, emerging as the key area in the world's display industry.The combined shipment of quantum dot TVs is predicted to hit 1.3 million units this year, and gradually expand to reach 5 million units in 2016, the report released by DisplaySearch showed. The market tracker expected the number will jump to 12 million unit
TechnologyJan. 9, 2015
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Samsung profits beat estimates on chip demand
Samsung Electronics on Thursday posted an operating profit of 5.2 trillion won ($4.7 billion) for the fourth quarter, up 28 percent from the previous quarter when the company suffered an almost 60 percent on-year fall in profits. The earnings figure also beat analysts’ 4.7 trillion won average estimate as complied by local market researcher FN Guide.Industry watchers cited strong demand for its chips and a weaker Korean won as the key factors behind the Korean tech giant’s higher-than-expected p
TechnologyJan. 8, 2015
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Regional agreements gaining steam
Following is the seventh and last in a series of articles on the prospects for the world economy in 2015. ― Ed.While bilateral free trade agreements, as a means to further the market-opening and rule-making agenda, have been globally picking up steam, there have also been parallel efforts to usher in a plethora of regional trade agreements and economic unions. Given the uncertainty of the multilateral agreement under the ambit of the World Trade Organization, which has been dragging on for years
Jan. 8, 2015
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[Graphic News] Lower oil prices would boost growth
The Korea Development Institute forecast that the decline in global oil prices would have a positive effect on the Korean economy. In its report analyzing the relevance of oil prices and its economic impact, the state-run think tank said that if oil prices hold at $49 per barrel, the Korean economic growth rate would increase by 0.2 percentage points. It also stated that if oil prices drop by 10 percent, the nation’s production costs for overall industries would decrease by 0.67 percent, the ma
Jan. 8, 2015
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Men in 60s, women in 40s most vulnerable to alcohol-induced mental disorders
A state-run health research institute said it has found that Korean men in their 60s and women in their 40s were most vulnerable to alcohol-induced mental conditions including dementia and alcoholic hallucinosis among all Koreans.The number of Koreans who sought medical help for the condition has increased from 2008 to 2012, from 63,821 to 75,925. The total cost spent to treat the condition increased from 136.3 billion won ($124.5 million) in 2008 to 217.5 billion won in 2012.According to Dr. Le
TechnologyJan. 8, 2015
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9 measles cases linked to Disney parks
SANTA ANA, California (AP) ― Nine Americans have confirmed cases of measles likely contracted on trips last month to Disney theme parks in California, state officials said Wednesday.Three more California residents are suspected of having measles. All patients with confirmed or suspected cases of the illness visited Disneyland or Disney California Adventure between Dec. 15 and Dec. 20, according to the state’s Department of Public Health.They likely got the airborne illness at one of the parks th
TechnologyJan. 8, 2015
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Heart attack (acute myocardial infarction)
Heart attack has been the No. 1 killer in the world for the last decade and deaths from the disease are still on the rise. As the human heart works continuously during one’s lifetime, a healthy coronary artery, which supplies it with blood, is vital for a healthy heart. As people age, the arterial wall gradually thickens and hardens, which is called atherosclerosis. Enlarged atherosclerotic plaque can become unstable and rupture suddenly. A blood clot is formed in ruptured plaque within minutes
TechnologyJan. 8, 2015
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LG to provide ‘total home solutions’
LAS VEGAS ― LG Electronics CEO Cho Seong-jin apologized for having caused public concerns over his alleged involvement in damaging a washer made by its rival at a global consumer electronics show last year.Speaking at a news conference at the 2015 International CES here, Cho said, “I would like to make a sincere apology first for the latest incidents.” Cho, who is in charge of the company’s home appliance and air solution unit, has been accused of having masterminded a plot to damage Samsung Ele
TechnologyJan. 8, 2015
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Schaefers appointed new Bosch Korea head
Frank Schaefers was appointed president and CEO of Robert Bosch Korea, Bosch Group announced Thursday. Schaefers joined the Bosch Group in 1992 and has over 20 years of experience in various functions, the company said. He worked as general manager at Robert Bosch Automotive China from 2012-2014 and before then, worked as senior vice president for corporate human resource development from 2010 to 2012 and senior vice president for corporate controlling from 2008 to 2009.Schaefers acquired a degr
IndustryJan. 8, 2015
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CJ vice chairwoman to take a back seat
CJ Group’s No. 2 Lee Mie-kyung will take a back seat when the conglomerate carries out executive reshuffles next month, sources said Wednesday.The sources said Lee Mie-kyung, an elder sister of group chief Lee Jay-hyun, would reduce her involvement in management for medical treatment.The 56-year-old vice chairwoman has been in Los Angeles to receive treatment for Charcot-Marie-Tooth disease, a neurological disorder that runs in her family. The disease is characterized by progressive muscle weakn
IndustryJan. 8, 2015
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Samsung rolls out new low-end smartphone at home
Samsung Electronics Co., Korea’s top tech firm, said Thursday it plans to launch a new low-end smartphone with enhanced camera features at home this week, in line with its efforts to expand its footprint in budget handsets.The 5.25-inch Galaxy Grand Max will be only 7.9 mm thick, thinner than the 8.1 mm Galaxy S5 released last year. It will run on the Android KitKat operating system with a 2,500 mAh battery capacity.Samsung said the device would boast various camera-related systems that would ma
Jan. 8, 2015
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KEPCO plans to invest record-high W5.5tr this year
Korea Electric Power Corp., the nation’s largest utility company, said Thursday that it would invest a record high of 5.5 trillion won ($5.01 billion) this year in improving the safety of power generation and distribution-related facilities and in developing new growth engines in the energy sector. The state-run KEPCO will increase investments by 54 percent in 2015 from a year ago, which is the largest investment plan in its 54-year-long history, company officials said.Under the plan, the power
IndustryJan. 8, 2015
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Dividend growth crucial for stock growth: Barings
Companies should increase their dividends if Korea wishes to activate its stock market and attract foreign investments, according to Baring Asset Management.The London-based investment management firm also predicted that the U.S. Federal Reserve will hike its key rate in the second quarter this year, possibly in late May or June.“Once foreign investors are convinced that Korean companies have decided to expand their dividends, the local stock market will turn bullish,” said Khiem Do, head of the
Jan. 8, 2015