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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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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Korean firms target EV charging market in US
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NASA warned plan to send humans to Mars may fail
WASHINGTON (AFP) ― The U.S. space agency NASA has been warned that its mission to send humans to Mars will fail unless its revamps its methods and draws up a clear, well-planned strategy to conquer the red planet.The National Research Council said in a congressionally mandated report that Washington should use “stepping stones” to achieve its goal of a manned flight to Mars.This could involve exploring an asteroid, building a moon outpost or building more international cooperation with countries
TechnologyJune 8, 2014
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China catches up in export competitiveness as South Korea loses
China is catching up to South Korea in export competitiveness of key items, including IT, with South Korea beginning to lose ground in Europe, a local economic think tank said Sunday.A report from the Hyundai Research Institute put South Korea's trade specification index on eight key export items at 0.09 last year, up from 0.07 in 2012. The index measures the degree to which a country imports or exports a certain product. A number in the positive means the country is an exporter, and a negative
June 8, 2014
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Samsung phones approved for use at Pentagon
The U.S. Department of Defense has approved the use of five types of Samsung Android phones by its employees at their workplaces, Samsung Electronics Co. said Sunday.The devices include the Galaxy S4, Galaxy S4 Active, Galaxy Note 3, Galaxy Note Pro 12.2 and Galaxy Note 10, all equipped with security solution KNOX. They are now on the U.S. department's Defense Information System Agency's approved product list, the South Korean company said.The phones run on Android 4.4 (KitKat) along with Samsun
TechnologyJune 8, 2014
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1st-quarter corporate investment rises, but led by handful of big companies
First-quarter corporate investment increased compared to last year, but it was mainly due to a handful of top conglomerates, pointing to a growing imbalance between big and smaller companies, data indicated Sunday.Analysis by corporate watcher CEO Score showed South Korea's top 30 business groups invested 20.5 trillion won ($20.06 billion) in the first quarter of this year, roughly 9 percent more than the same period last year.But excluding Samsung, which increased its investment by 48 percent,
June 8, 2014
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Seoul stocks expected to gain slightly on bluechips next week
South Korean stocks may move marginally upward next week, fueled by gains in bluechips from an inflow of foreign funds, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) finished at 1,995.48 this week, edging up 0.03 percent from a week earlier.The small rise can be attributable to data that indicated the global economy is on the mend, albeit slowly, and net buying of bluechip stocks by foreign investors. Foreigners, who exert considerable influence on the market, re
June 7, 2014
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Samsung speeds up succession
Samsung Electronics acquired shares in two of Samsung Group’s affiliates, Samsung SDI and Cheil Industries, on Thursday, in a bid to restructure the group’s businesses ahead of a much anticipated power transition from the ailing chairman Lee Kun-hee to his only son Jay-yong.The tech giant purchased 2.17 million shares in secondary battery maker Samsung SDI, and 2.07 million shares in Cheil Industries, the electronics materials affiliate of Samsung Group. Samsung Electronics also bought 2.44 mill
TechnologyJune 5, 2014
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Synaptics fingerprint sensors may be used in Samsung wearables in 2015
TAIPEI ― Synaptics, a human interface solution provider, expects to use its fingerprint authentication technology in wearables next year. “Probably, you will see fingerprint technology in wearable devices in 2015. Using fingerprint ID sensors for a small curved display is not a big challenge,” Rick Bergman, CEO of Synaptics, said at its press briefing on Wednesday in Taipei. Though he did not name any specific companies, Samsung Electronics, the only client of Synaptics’ fingerprint technology,
IndustryJune 5, 2014
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SK hynix acquires Softeq’s firmware
SK hynix, South Korea’s second-biggest memory chip maker, said Thursday that it has acquired the firmware unit of Softeq Development based in Minsk, Belarus, in Eastern Europe.The deal, which also includes not only buying the firmware technology but also bringing in its key assets such as talented engineers, was in line with its efforts to further boost the Korean company’s NAND flash memory solutions.“The company will be able to further bolster its global research and development, and competiti
TechnologyJune 5, 2014
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Seoul shares fall below 2,000-point mark
South Korean stocks fell 0.65 percent to below the 2,000-point mark Thursday as investors sat on the sidelines ahead of key policy decisions in Europe and U.S. economic data. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index, after being closed for the local elections on Wednesday, started on the minus side and settled at 1,995.48, down 13.08 points from the previous session. The reading below the psychologically important 2,000 mark was the first s
June 5, 2014
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POSCO unit likely to be tapped as top bidder for Tongyang Power
POSCO Energy Co., a unit of South Korea’s top steelmaker POSCO, is likely to be picked as the preferred bidder for Tongyang Power Inc., whose business license for a major-scale thermal power plant had drawn interest, industry sources said Thursday. POSCO Energy outbid other rivals with an offer of 400 billion won ($390.2 million) at the final bid for the thermal power plant operator held on Monday, they said. The amount is roughly 100 billion won more than the next highest bid, according to the
IndustryJune 5, 2014
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Foreigners’ stake in Korean stocks hits this year’s high
Stock ownership by foreign investors on South Korea’s bourse rose sharply this month as they scooped up market heavyweights such as tech and auto shares, data showed Thursday. Overseas investors held a combined 33.24 percent of local shares worth 441.8 trillion won ($431 billion) as of Tuesday, this year’s high, according to the data compiled by the Korea Exchange.Foreign investors owned 35.65 percent of the total shares traded on the main bourse, worth 427.99 trillion won, the highest portion o
June 5, 2014
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Hanhwa Group gears up for solar business expansion
A rendering of the 26.2 megawatt solar power plant to be built on the site of a golf course abandoned in Fukushima after the 2011 earthquake by 2015. Hanwha Q Cells supplied solar modules to Japan’s biggest solar power plant. (Hanwha Group)Hanhwa Group said Thursday that it will continue expanding its overseas solar power business by making inroads into emerging markets, including countries like Chile and Turkey, while further tapping into new business opportunities in strategic markets such as
IndustryJune 5, 2014
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Funds’ net asset value surges more than 8tr won in May
Investment funds in South Korea saw their net asset value increase more than 8 trillion won ($7.83 billion) in May from a month earlier as investors parked more money in short-term funds and a bullish run on the local stock market helped offset an outflow from local stock funds, data showed Thursday.According to the Korea Financial Investment Association, the net asset value of stocks, bonds and real estate-related funds reached a combined 341.8 trillion won at the end of May, up 8.2 trillion wo
June 5, 2014
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Lotte, Shilla eye Australian duty-free shop market
Lotte Duty Free and Shilla Duty Free, South Korea’s two leading travel retailers, are competing with global rivals to operate duty-free shops at Australia’s Sydney Airport, whose sales last year totaled $247 million, industry sources said Thursday.The two retailers are vying for duty-free concessions at the airport’s terminals, whose bids are open until June 12.Lotte Duty Free, the biggest at home and the world’s fourth-largest in the industry after top-ranked DFS, LS Travel Retail and Dufry, ai
IndustryJune 5, 2014
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Korean economy grows 0.9% in Q1: BOK
The South Korean economy grew 0.9 percent in the first quarter from three months earlier on brisk shipments of tech and petrochemical products, central bank data showed Thursday.Korea’s gross domestic product, unchanged from an earlier estimate released in April, matched the 0.9 percent on-quarter gain in the fourth quarter, according to data from the Bank of Korea.From a year earlier, Asia’s fourth-largest economy grew 3.9 percent in the first three months of the year, picking up from a 3.7 per
June 5, 2014
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Hyun urges business leaders to increase investment
South Korea’s finance minister Thursday called on local business leaders to beef up investment and employment to help invigorate domestic demand and the fragile recovery of the overall economy. Deputy Prime Minister and Finance Minister Hyun Oh-seok made the request during a meeting with CEOs and top officials of the country’s 30 largest business groups in Seoul amid worries that April’s deadly ferry disaster is affecting consumer sentiment and putting brakes on the economic recovery.“Investment
June 5, 2014
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Trendy diets may lead to increased risks
Lee Jae-hwanFor those hoping to lose weight, the general recommended caloric intake to lose weight ranges between 1200 to 1500 calories depending on the individual’s basal metabolic rate, with the aim of reducing 300 calories per day (a low-calorie diet), along with regular cardio exercises (at least one hour of fast-paced walking, cycling or swimming for at least five days a week) to expend 200-300 calories each day. This results in a loss of 300 calories from dieting, together with a loss of 3
TechnologyJune 5, 2014
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[Herald Interview] Doctor talks filmmaking, industrial medicine
It’s been almost three years since Dr. Song Yoon-hee released her first documentary, “White Jungle.”Dubbed the Korean version of “Sicko,” the low-budget film was an expos on Korea’s health care system, including privatized hospitals that solely focus on profit-making.Since her film debut, Song has done a lot as a filmmaker as well as a physician. She wrote a screenplay for veteran auteur Im Kwon-taek’s latest project, “Hwajang,” while working as an industrial medicine specialist. When “White Jun
TechnologyJune 5, 2014
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FSS expected to sanction KB, Kookmin chiefs for feud
The Financial Supervisory Service, the nation’s financial watchdog, is likely to punish the top posts of KB Financial Group and Kookmin Bank, both of whom are responsible for the recent leadership vacuum at the county’s largest banking group.“Based on the results of an investigation, which will be completed this week, disciplinary action will be imposed on those who are responsible for an internal feud concerning the replacement of the computer system at Kookmin Bank,” an FSS official said, addi
June 5, 2014
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Aberdeen Asset turns blind eye to Shinsegae’s labor fiasco
With increased shareholdings in the nation’s leading conglomerates, foreign investors now face rising pressure to take an active role as shareholders that could force the companies they invest in to change unethical management practices. One of the most recent cases involves discount chain E-Mart and one of its largest shareholders, Aberdeen Asset Management Asia. E-Mart, the country’s largest discount store chain, is owned by retail giant Shinsegae Group.Singapore-based Aberdeen is the second-l
IndustryJune 4, 2014