Most Popular
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Court refuses injunction on medical school expansion
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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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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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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[Robert J. Fouser] Social attitudes toward language proficiency
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Fingerprint Cards may be in talks with Samsung, LG
As smartphone makers scramble to adopt new identification technologies, Korean manufacturers Samsung and LG are expected to soon sign deals with Fingerprint Cards, a Swedish company that specializes in fingerprint verification systems, industry sources told The Korea Herald. The deal, if realized, would not be an acquisition, as some sources had previously suggested. “All tier-1 OEMs will have smartphones with either touch or swipe sensors during 2014 or early 2015,” CEO Johan Carlstrom of Finge
TechnologyDec. 8, 2013
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Cheil Industries to be renamed
Following its change of business from clothing manufacturer to component supplier, Samsung’s Cheil Industries is expected to change its name to fit its new role. According to those close to the Korean conglomerate, “Samsung Industries” and “Samsung Chemicals” are the two options that the company is considering.Going singular may also be an option ― “Samsung Industry” or “Samsung Chemical.” The latter is already being used by the U.S. chemicals subsidiary established in 2001 with the support of C
TechnologyDec. 8, 2013
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Creditors to discuss fate of Ssangyong E&C
Financial authorities are working to placate creditors of Ssangyong Engineering & Construction, as the builder could face a more serious situation than its current debt rescheduling: delisting from the stock market.The Financial Services Commission’s efforts have been stepped up after the Military Mutual Aid Association moved to provisionally seize the bank accounts of the cash-strapped construction firm.Over the weekend, the FSC held emergency talks with the company’s creditors -- both financia
Dec. 8, 2013
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KDB, IFC to cooperate in global trade financing
The Korea Development Bank has launched joint trade financing projects with the International Finance Corp., a World Bank member organization, in a move to make inroads to trade funding markets in developing economies. The state-run KDB said Sunday that it had signed a KDB-IFC master guarantee and cooperation agreement on Dec. 5 to cooperate on IFC’s trade financing projects by sharing market information and business opportunities in developing countries.The agreement was signed a day after the
Dec. 8, 2013
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Hyundai Motor gets Hollywood reality check
Global automotive companies, having discovered the power of films, vie to have their vehicles appear in Hollywood movies or TV shows. Most films are now released worldwide, which gives car brands more international exposure than a regional commercial. In some movies, cars can also play starring roles. James Bond would not be 007 without his Aston Martin packed with customized capabilities, while the sci-fi film “Transformers” features characters and cars all from General Motors.Then what about h
MobilityDec. 8, 2013
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QM3 proves to be worthy crossover
When Renault Samsung Motors’ sales vice president recently asked a Renault representative if he felt the pressure, he was asking if headquarters was aware of how important it was to increase the supply of the QM3 in Korea. Fortunately for him, the answer from Ali Kassai, Renault’s head of minicars and subcompacts, was “yes.” This short but emphatic dialogue occurred Friday, when the QM3 was unveiled in Korea for a media test drive. It reflects RSM’s determination to keep the momentum going behin
MobilityDec. 8, 2013
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Autobahn thrills to cost foreigners under German plan
For the privilege of driving on Germany’s speedy autobahn, Chancellor Angela Merkel plans to charge everyone, except Germans. After weeks of negotiations, Merkel’s conservative bloc and the Social Democrats agreed to levy a toll for using the country’s highways as part of a deal to form a governing coalition. While details remain vague before they take power, which will be after Social Democrat party members vote on the agreement by Dec. 12, the one clear stipulation is that the tax shouldn’t re
MobilityDec. 8, 2013
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Nobel winner: Scientists get it wrong most of time
STOCKHOLM (AP) ― One of this year’s Nobel Prize laureates says learning how to handle failure is key to becoming a successful scientist.American James Rothman, who shared the medicine prize with countryman Randy Schekman and German-American Thomas Sudhof, said Friday that doing scientific research almost always means not getting the desired result.The difference between “a great scientist and a not-so-lucky one,” Rothman, told reporters and students in Stockholm, is the former fails 99 percent o
TechnologyDec. 8, 2013
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China rover enters lunar orbit
BEIJING (AFP) ― China’s first lunar rover entered the moon’s orbit, state media reported, a key step toward the vessel’s planned landing later this month.The rover ― known as Yutu or Jade Rabbit ― reached the lunar orbit, the official Xinhua news agency said, about 112 hours after it was launched from the Xichang Satellite Launch Center in southwestern China.It is expected to touch down on the moon in mid-December to explore its surface and search for natural resources.The Chang’e-3 mission ― na
TechnologyDec. 8, 2013
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[Photo News] Multicultural weddings
IndustryDec. 8, 2013
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Massive crowds, world leaders to honor Mandela
JOHANNESBURG (AP) ― South Africa expects overwhelming crowds and a host of world leaders to attend services honoring late President Nelson Mandela, though with the ceremonies only days away officials acknowledged Saturday they couldn’t offer any specifics yet. Across the country, South Africans already have begun honoring Mandela, who died Thursday at age 95, and officials expect tens of thousands to participate in this week’s official services. Official services honoring Mandela begin Tuesday w
IndustryDec. 8, 2013
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KEMCO signs energy agreement with Peru
The state-run Korea Energy Management Corp. will step up cooperation with Peru, as it signed a memorandum of understanding with Peru’s Ministry of Energy and Mines on partnership for energy efficiency in Lima on Saturday, the company said. Based on the MOU, KEMCO will help Peru strengthen its energy efficiency capabilities, while helping Korean companies to develop projects in the Peruvian energy market. “KEMCO gained a foothold in South America with its partnership with Peru,” KEMCO CEO Byun Jo
IndustryDec. 8, 2013
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Shares to gather ground amid eased U.S. woes
The South Korean stock market is expected to trade higher this week on eased concerns over an early tapering of the U.S. Federal Reserve’s quantitative easing, analysts said.The benchmark Korea Composite Stock Price Index fell 2.9 percent last week to close at 1,980.41. Investors continued to take a wait-and-see approach ahead of U.S. non-farm job data coming out after Friday’s trading session, which would give investors a better glimpse of when the Federal Reserve will commence tapering of its
Dec. 8, 2013
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WTO reaches first global trade deal
By Seo Jee-yeon, news reports The long-stalled multilateral global trade talks known as the Doha Development Agenda talks, or Doha Round, gained historic momentum for reinstatement as the 159 member nations of the World Trade Organization approved the first deal to boost global trade at their latest summit in Bali, Indonesia, over the weekend.The breakthrough was made after two decades of talks on Saturday, the last day of the ninth ministerial conference, which was held from Dec. 2-7 on the isl
Dec. 8, 2013
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LG Uplus vows not to drop Huawei’s equipment plan
LG Uplus CEO Lee Sang-chul reiterated over the weekend that its use of equipment made by China-based telecommunications firm Huawei would not end due to non-technical issues. LG Uplus has been embroiled in controversies over the adoption of Huawei’s equipment, as the U.S. government expressed concerns that the equipment could be used to spy on key U.S. military members and to keep an eye on its ally’s communications. Two senators, Dianne Feinstein and Robert Menendez, said Huawei’s supply deal w
TechnologyDec. 8, 2013
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Foreigners turn to selling local equities in 5 months
Foreigners turned net sellers of local equities for the first time in five months, mainly on profit-taking after consecutive net stock purchases in the Seoul market, the financial regulator said Sunday.Overseas investors dumped a net 323 billion won (US$305.3 million) worth of local equities last month, turning from a net buying of 5.2 trillion won the previous month, according to the Financial Supervisory Service (FSS).The value of their shares reached 442.6 trillion won at the end of November,
Dec. 8, 2013
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Financially shaky firms further going downhill: data
South Korean companies with weak financial footing saw their balance sheets worsen further this year amid a protracted economic slowdown, with their debt ratio sharply rising and their ability to pay back interest declining, industry data showed on Sunday.According to the data, the top 300 in terms of debt ratio, out of 1,501 listed non-financial firms, had the average debt ratio of 279.2 percent as of end-June this year, rising 35.7 percentage points from a year earlier.The June figure also com
Dec. 8, 2013
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Be your own boss
They defy rules and norms. They set no limits to destroying the old and creating the new. They have zero chance of succeeding in creating disruptive technologies in this market that is heavily reliant on and driven by conglomerates.They choose risk and rebellion over security because they believe that they can make the world a better place with game-changing technology or creative ideas.They are the entrepreneurs of tomorrow.Recognizing their true potential for the economy, the government has re
IndustryDec. 6, 2013
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Universities help turn business ideas into reality
Kim Deok-hoon returned to university to set up a business. He enrolled in a start-up course and took advantage of the free office space the campus offered.“I think I’ve learned a lot over the past six months,” said the 37-year-old, who graduated from Hanyang University with an engineering degree in 2001.He had worked for nearly seven years as a consultant, but never had the chance to receive practical, hands-on training in starting and running a company until last summer, he said.“Every weekend
IndustryDec. 6, 2013
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Roh’s ‘n’ rule: Create something new every 5 years
Entrepreneurs must be ready to stay ahead of the game through market foresight, and every five years they should try to create something new that can potentially disrupt existing technologies and markets, Chester Roh, one of Korea’s very few serial entrepreneurs, said in an interview with The Korea Herald.“We are living in an era that demands creative solutions and less complexity as we are seeing a shift in the economic paradigm where tedious traditional labor is being replaced by intelligent a
IndustryDec. 6, 2013