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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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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S. Korea, Cambodia forge strategic partnership
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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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Korea lowers growth forecast to 2.3 percent
The Ministry of Strategy and Finance has revised down its growth estimate this year on fears that the global economy could continue to be weighed down by sluggish demand.The ministry on Thursday projected 2.3 percent growth in 2013, down from its initial forecast of 3 percent announced last year, as exports slowed and private consumption and facilities investment continued to show weak performance.Unveiling the new government’s economic policy direction, Finance Minister Hyun Oh-seok said it wou
March 28, 2013
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[Photo News] Need a job
March 28, 2013
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[Newsmaker] Ex-leader’s confidant ends long reign
Kang Man-soo, who tendered his resignation as chairman of the state-owned KDB Financial Group on Thursday, was a close confidant of former President Lee Myung-bak.According to lawmakers from the ruling Saenuri Party, the economic policies of the Lee administration were based on the economic studies of Kang and his followers.He conducted a variety of controversal policies, including a currency devaluation against the U.S. dollar to boost exports, as the first finance minister of the Lee governmen
March 28, 2013
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[Graphic News] India main source of DDoS attacks in Korea
A recent study found that connections used in cyber attacks more frequently came from Internet Protocol addresses based in India, according to the Korea Internet and Security Agency.The agency on Thursday said that India had the highest number of IP addresses that were used for distributed denial of service (DDoS) attacks against Korean websites in the second half of last year.With India accounting for more than 12.9 percent of the foreign IP addresses participating in the cyber attack, Brazil,
IndustryMarch 28, 2013
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Hemorrhoids
The Korean term for hemorrhoids originally referred to various diseases that occur in the anal area, including hemorrhoids, tears and fistulas, but the term usually refers to hemorrhoids.Hemorrhoids were believed to be caused by dilation of submucosal venous plexus in the anus, but more recent studies have shown that they are not simply caused by the dilated venous plexus, but due to protrusion of the so called “anal cushion” consisting of blood vessels, muscles and connective tissue. Symptoms
TechnologyMarch 28, 2013
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Rhinoplasty with 3-D scan: Safer surgery for nasal problems
Interest in “two-jaw operation” has been steadily growing among those who have bimaxillary protrusion, a dentofacial deformity commonly found among Asians where the upper and lower incisors emerge forward, making the teeth and lips protrude. The operation, however, is a surgical method neither designed to correct the facial distortion nor to improve a person’s facial image. It was actually devised to treat diverse functional inconvenience such as the misalignment of the teeth. A facial contourin
TechnologyMarch 28, 2013
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World forum to discuss future of energy
Energy is emerging as an increasingly hot topic worldwide as the global energy landscape is fast changing on both the supply and demand sides, particularly since Japan’s Fukushima nuclear disaster in 2011. Many countries are bringing changes to their energy mixes to minimize the impact of those changes on their environment, economy and society. “All sources of energy ranging from oil and gas to renewables to nuclear power are facing a transition for their own reasons. Given this, it is the right
IndustryMarch 28, 2013
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Samsung C&T wins 6.5tr won deal from Roy Hill
Samsung C&T Corp., a major South Korean trading company, said Thursday that it has clinched a 6.5 trillion won ($5.8 billion) development deal from Australia’s Roy Hill.Under the deal with Roy Hill Holdings Pty Ltd., Samsung C&T will build an infrastructure for the development of an iron ore in western Australia.Samsung C&T will build a plant that will be able to process 55 million tons of iron ore annually, a 340-kilometer long railroad and two berths for the Roy Hill iron ore development proje
IndustryMarch 28, 2013
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Current account surplus widens in Feb.
South Korea’s current account surplus widened in February from the previous month as imports declined faster than exports, and a deficit of the service account narrowed, the central bank said Thursday.The current account surplus reached $2.71 billion in February, up from a revised $2.33 billion the previous month, according to the Bank of Korea. The current account is the broadest measure of cross-border trade.The February gain was the largest since November, marking the 13th straight month of a
March 28, 2013
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Korea, Indonesia hold trade minister’s talks
Korea’s Trade Minister Yoon Sang-jick held talks with his Indonesian counterpart Gita Irawan Wirjawan on issues of mutual concern in Seoul on Thursday, according to ministry officials.They were the first minister-level talks with a foreign country since the Park Geun-hye administration was inaugurated last month. The choice of Indonesia as the first country reflects the government’s view to seek further expansion of industrial and energy partnership with rising economies, according to experts.Re
March 28, 2013
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Shinhan Bank’s ‘matrix’ yield gains despite slump
Shinhan Bank said Thursday that its “matrix operation,” or business coordination between banks and brokerages, has yielded considerable gains since it introduced the system last year. As a fresh business concept, the matrix was adopted by the country’s major banks with an affiliate brokerage firm, such as Shinhan Bank, Hana Bank and Woori Bank, as early as the beginning of 2012. Shinhan Bank is historically the first bank in Korea, originally established under the name Hanseong Bank in 1897. The
BusinessMarch 28, 2013
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Korea, China, Japan agree on basic rules for FTA talks
Having confirmed their common demand for an economic, social and political unity, Korea, China and Japan agreed to add momentum to their tripartite free trade agreement talks.The trade representatives of the three Northeast Asian states met in Seoul for the first time to discuss concluding a trilateral free trade pact and held negotiations for three days until Thursday.“Through this first official round, we set up a set of terms of reference, including the basic principles of the upcoming negoti
IndustryMarch 28, 2013
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KDB, LH chiefs to resign
Kang Man-soo, chairman of state-owned KDB Financial, has expressed his intention to resign, a widely expected move following the head of Korea’s financial regulatory body showing determination to overhaul financial holding companies.Lee Ji-song, CEO of the state-run real estate developer LH Corp., also followed suit, fanning speculation that the resignations may affect other state-run firms’ heads who were appointed when Lee Myung-bak was president. Company officials said he tendered his resigna
March 28, 2013
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Depositors to sue KDIC
State-controlled Korea Deposit Insurance Corp. is facing a lawsuit from consumers who suffered losses on locked deposits in the wake of the 2011-12 savings bank debacle, industry sources said Thursday.Many customers were unable to withdraw their deposits when financial authorities suspended the operation of 26 mutual savings banks from January 2011 to February 2013.The disgruntled depositors for the 26 secondary banks nationwide are poised to file a joint claim against the KDIC with Seoul Admini
March 28, 2013
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Ford Korea sets sights on 30% growth
Ford Korea expects its sales this year to grow by at least 30 percent on-year through a combination of fuel-friendly cars and aggressive investment. “We are confident about achieving this goal,” said Jung Jae-hee, president of Ford Sales and Service Korea as well as chairman of the Korean Automobiles Importers and Distributors Association, in an interview with The Korea Herald. The 30 percent target is about double the 15 percent growth rate expected by experts and industry watchers for the impo
IndustryMarch 28, 2013
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Explore the world with QM3
All cars have a niche audience they cater to, and in the case of the QM3, the quirky yet stylish new “compact” SUV from Renault Samsung, the target consumer will be a bit more adventurous than most. “We hope with the QM3, we create, and not only follow trends. We don’t want to be on the defensive ―we want to be on the offensive,” said Laurens Van Den Acker, Renault’s head of design, who was in Seoul for the Seoul Motor Show on Thursday. A bright orange QM3 sat glistening on the showroom floor at
IndustryMarch 28, 2013
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Legendary car designer at Seoul Motor Show
Legendary car designer Ian Callum of Jaguar, who was visiting Korea for the first time to attend the Seoul Motor Show, picked Kia’s Sportage as his favorite design among Korean cars. “The Sportage has really great design. I think it’s exaggerated but it’s good when it comes to car design. It gives a character to a car,” he said in an interview with The Korea Herald. The design director for Jaguar and man behind the British carmaker’s renaissance over the past decade joined the Seoul event to per
IndustryMarch 28, 2013
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Korean carmakers eye home advantage
GOYANG, Gyeonggi Province ― More than 300 vehicles, including nine world debuts and 16 new introductions in Asia, will show off their beauties at the Seoul Motor Show which kicked off Thursday starting with a media preview. Korean carmakers, among other players, have geared up to prevail during the largest automotive event held on their home turf. Korean auto giant Hyundai Motor dominates the largest exhibition space of 6,800 square meters and shows off 38 vehicles, including the HND-9, a luxury
MobilityMarch 28, 2013
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COEX appoints new CEO
COEX, an exhibition and convention center in Samseong-dong, southern Seoul, appointed Byun Bo-kyung, former head of Seoul Business Agency, as new CEO, the Korea International Trade Association, the owner of COEX, said Thursday. Byun, 60, has built global leadership in the information technology sector, serving LG-IBM PC and Kolon Information and Technology as CEO. He entered the exhibition and convention industry in 2011 as CEO of the Seoul Business Agency, which carries out exhibitions and conv
March 28, 2013
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Seoul says FTA talks with Japan, China end with progress
SEOUL -- South Korea, Japan and China made small but significant progress in their first round of talks aimed at signing a three-way free trade agreement (FTA), laying down a set of "detailed rules" on how future negotiations will proceed, Seoul's trade ministry said Thursday. The first round of FTA talks between the three countries had been held here since Tuesday. Two more rounds of negotiations will be held before the end of the year with the second round slated to be held in China in Ju
March 28, 2013