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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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Is NewJeans headed for a long 'break'?
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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LG resumes courses to nurture IP specialists
LG Electronics, the world’s second-largest TV maker, announced on Friday the resumption of its Intellectual Property School this year. In an effort to produce more specialists in the IP field as competition for patents and other intellectual property is deepening among electronics makers, LG has held the annual five-month long courses on various subjects ranging from negotiation to litigation, licensing, IP analysis and patent laws since 2009. This year, some 400 LG employees and affiliates spec
IndustryJune 21, 2013
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Top financial regulator to have more control
The top financial regulator is expected to wield more power over taking punitive actions against any unlawful activities by local financial companies, as part of an effort to reorganize the financial regulatory system, its officials said Friday.The Financial Services Commission, the country’s policymaking watchdog, will likely be given the authority to impose restrictions or sanctions on financial players for illegal acts, according to its officials.The authority to take punitive measures has so
June 21, 2013
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Samsung unveils Ativ Q, Galaxy S4 Mini in London
The Galaxy S4 Mini and the Ativ Q tablet were among the smartphones and tablet PCs that Samsung Electronics unveiled in London on Thursday, the company said. The main attraction was the new 13.3-inch convertible laptop Ativ Q with dual-booting technology allowing users to operate on both Windows 8 and Android 4.2.2 operating systems. Data can be synced and shared between the two, while the flexible hinge allows users to convert the Ativ Q from tablet mode to laptop mode and position the screen a
TechnologyJune 21, 2013
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Lotte to open ‘Korean-style’ shopping center in Jakarta
Retail giant Lotte Shopping is to open today a new department store and duty free shop in Jakarta, Indonesia.The Lotte Shopping Avenue Jakarta is to be a comprehensive shopping center, including a department store, casual shopping mall and a duty free shop, according to officials.It is the company’s fifth department store overseas and its first duty free shop in a downtown area. The 124,600-square-meter mall is located in the Chiputra World Jakarta complex in the Mega Kuningan area, which the In
IndustryJune 21, 2013
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Woongjin raided over alleged fraudulent CP issuance
Prosecutors on Friday raided the headquarters and offices of Woongjin Group as part of their investigation into allegations that several executives of the troubled mid-size conglomerate fraudulently issued commercial papers (CPs).The probe comes after the nation's securities regulator had reported the group's chairman Yoon Seok-keum, and four other executives to the Seoul Central Prosecutors' Office for alleged unfair trading in early May.A team of investigators and prosecutors seized relevant d
IndustryJune 21, 2013
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Seoul shares plunge 1.49 pct on U.S. policy woes
South Korean stocks declined 1.49 percent Friday as the U.S. Federal Reserve chief's remark on its stimulus actions continued to weigh on investors' sentiment, analysts said. The local currency continued its slide against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 27.66 points to close at 1,822.83. Trading volume was low at 281.8 million shares worth 4.89 trillion won (US$4.24 billion) with losers far outpacing gainers 640 to 199. It marked the lowest level sinc
June 21, 2013
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Tokyo court backs Apple against Samsung on patent
Apple Inc. has won a patent infringement lawsuit against Samsung Electronics Co. in a Japanese court, one of dozens of legal battles around the world between the technology giants.The Tokyo District Court issued a partial verdict Friday in favor of Apple. Damages were not announced. The court said in a summary that further examination is needed to determine if Samsung must pay compensation, and if so, how much. A final verdict is expected later.Apple and Samsung are embroiled in similar battles
TechnologyJune 21, 2013
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Fed shock batters Seoul's stock, forex markets for 2nd straight day
South Korean stocks opened lower Friday as the United States Federal Reserve's remark on a possible cut in monetary easing continued to weigh down on investors' sentiment, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) nosedived 36.16 points, or 1.95 percent, to 1,814.33 in the first 15 minutes of trading.Blue-chip shares lost ground across the board, with tech giant Samsung Electronics falling 2.26 percent and chipmaker SK hynix moving down 1.93 percent. Top steelmaker PO
June 21, 2013
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Samsung picked best computing brand by Britain consumer group
Samsung Electronics Co., the world's largest maker of smartphones and computer memory chips, said Friday that it was named the best computing brand by a Britain-based consumer advocacy group.Which?, a product testing and consumer campaigning charity, rated Samsung as the best brand in the areas of mobile phone, laptop PC, tablet PC and printer, praising its breadth of high performance models across the whole range, according to the company.The Which? Awards is an annual event that celebrates the
IndustryJune 21, 2013
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Korean financial markets tumble on planned QE exit
The Korean financial markets tumbled Thursday after the U.S. Federal Reserve unveiled plans to phase out its quantitative easing that led investors worldwide to unload their stocks.The Korean benchmark KOSPI declined for the second straight day, finishing at 1,850.49 on Thursday. It fell 2 percent from Wednesday, following an overnight loss on Wall Street where the Dow Jones Industrial Average fell more than 200 points.The Korean won fell about 15 won to a year-to-date low of 1,145.7 won to the
June 20, 2013
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[Newsmaker] New Woori chief criticizes his predecessor
Lee Soon-woo, the new chairman of Woori Financial Group, has expressed discontent over the business policies of his predecessor Lee Pal-seung, who was a college classmate of former President Lee Myung-bak.The incumbent chairman, who stepped to the helm last week, was quoted by an online news provider as saying that Woori Financial tackled sale projects for the state-funded group led by financial authorities during the former chief’s term between June 2008 and June 2013.Lee stressed that it is in
June 20, 2013
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Beware of infections during rainy season
With the monthlong rainy season having arrived this week, pay attention to your health, as the high humidity and temperature makes dangerous viruses more active.“Atmospheric temperature and humidity provide an ideal condition for bacteria and viruses to grow in food and water,” an official at the Korea Centers for Disease Control said.“The people should pay more attention to food they eat and the water they drink. Wash your hands as frequently as possible,” he added. The most common illnesses d
TechnologyJune 20, 2013
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Local scientists find way to prevent alcohol damage to liver
A team of South Korean scientists has discovered a way to prevent alcohol damaging the liver, the Science Ministry said Wednesday.It has been widely documented that alcohol leads to the creation of reactive oxygen species in the body, which in turn damage the liver, causing hepatitis or even liver cirrhosis, according to the Ministry of Science, ICT and Future Planning.However, little had been known about exactly what triggers the production of reactive oxygen.According to the ministry, the team
TechnologyJune 20, 2013
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New MERS virus spreads easily, deadlier than SARS
LONDON (AP) ― A mysterious new respiratory virus that originated in the Middle East spreads easily between people and appears more deadly than SARS, doctors reported Wednesday after investigating the biggest outbreak in Saudi Arabia.More than 60 cases of what is now called MERS, including 38 deaths, have been recorded by the World Health Organization in the past year, mostly in Saudi Arabia. So far, illnesses haven’t spread as quickly as SARS did in 2003, ultimately triggering a global outbreak
TechnologyJune 20, 2013
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Wetting the bed
Nocturnal enuresis means bed-wetting at night. It is very common in children and is present in approximately 15 percent of children 5 and under. It generally goes away as children get older, and is only present in 1 percent of adolescents. CausesThere are three main causes. The first is an immature bladder function. These children often have problems holding urine even in the daytime, and can wet their clothes. The second reason is increased urine production during the night, compared to during
TechnologyJune 20, 2013
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Samsung can be successful in Silicon Valley: marketing pro
Samsung announced plans in February to create a $1.1 billion fund to invest in Silicon Valley start-ups to search for new growth engines. Kevin Lane Keller, a world-renowned marketing expert with close ties to Samsung executives, says that’s perfectly doable. “Considering what Samsung has done so far, (Samsung’s initiative for open innovation) is achievable in Silicon Valley,” said Keller in an interview on the sidelines of a symposium on Thursday, which marked the 20th anniversary of Samsung’s
IndustryJune 20, 2013
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Samsung to enter carbon fiber market
The nation’s largest conglomerate Samsung is to enter the fast-growing carbon fiber market by establishing a joint venture firm with one of the world’s most renowned manufacturers of carbon-based products.Samsung Petrochemical, the chemical subsidiary of Samsung Group, signed a contract with Germany-based carbon company SGL Group on Thursday to kick off a marketing and sales joint venture under the name “Samsung SGL Carbon Composite Materials.”The primary objective of the cooperation is to devel
IndustryJune 20, 2013
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K-water edges toward Thai project win
Korea Water Resources Corp., or K-water, has completed price negotiations with the Thai government over a Thai water management and flood prevention scheme, raising hopes that the preferred bidder will win the massive project.“Both sides agreed to set the cost at 6.1 trillion won ($5.3 billion) to proceed modules A5 and A3 out of nine modules, which the Korean company won,’’ the Ministry of Land, Infrastructure and Transport said in its statement on Wednesday. The A-5 project to build floodways
IndustryJune 20, 2013
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Starbucks CEO motivates staff with compliments
Lee Seock-koo, chief executive of Starbucks Korea, knows how to get people just aching to do a good job. His secret weapon? Compliments.Lee, who tours up to 20 Starbucks stores a week, is known to always carry “compliment cards” on him to write personal notes and memos to employees and executives who are doing an exceptional job on-site. Kim Chang-won, a manager in charge of Daejeon and South Chungcheong Province, is one Starbucks staffer who recently received an email from Lee containing this “
IndustryJune 20, 2013
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Korea, Netherlands agree to cooperate in agro sector
Korea has agreed with the Netherlands to cooperate in agriculture, the Ministry of Agriculture, Food and Rural Affairs said Thursday. Agriculture Minister Lee Dong-phil signed a memorandum of understanding with his Dutch counterpart Sharon Dijksma to enhance exchanges and cooperation in agricultural policies, the ministry said. When it comes to agriculture policy, the Netherlands, the second largest exporter of agricultural and food products in the world after the U.S., has been a benchmark nati
IndustryJune 20, 2013