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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[Robert J. Fouser] Social attitudes toward language proficiency
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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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SC Bank warns of excessive competition in savings market
SC Bank Korea warned that the banking sector’s provision of high initial interest on savings, such as those offered for the disputed long-term property formation savings, may end up eroding their profit margins. The property formation savings is a long-term savings plan that is designed to support low-salary earners. They guarantee high, fixed amount of interest rates in the first three years and lower them significantly afterwards. The bank has given up aggressive promotions of this savings pla
March 15, 2013
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Octa-core Galaxy S4 set for Korea in April
Samsung Electronics is expected to roll out its new Galaxy S4 phones equipped with octa-core mobile processors in Korea as early as next month.The latest flagship 5-inch display smartphone the IT behemoth unveiled in New York on Thursday, local time, will feature the upgraded processor running on the fourth-generation Long Term Evolution network due to the specific local demand, according to industry sources here.The company also announced Friday that it will start mass producing its octa-core E
IndustryMarch 15, 2013
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KORAIL to take total control over Yongsan situation
KORAIL resolved to resuscitate the moribund Yongsan redevelopment project within the month by injecting 260 billion won ($234 million) and scaling back the construction.With the amended blueprint, which hopefully will take effect on April 1, KORAIL is to temporarily operate a special countermeasure task force, jointly with the Seoul Housing Corporation and private investor representatives.The state-run rail operator that is the majority shareholder on Friday summoned all 30 private investor firm
IndustryMarch 15, 2013
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Korean Air reaps big from Galaxy S4
The introduction of Samsung Electronics Co.’s Galaxy S4 smartphone has one clear winner ― Korean Air Lines Co.Samsung Electronics may ship about 44 million of the smartphones in the second and third quarters, according to Young Park, an analyst at Woori Investment & Securities Co. in Seoul. A Boeing Co. 747-8 freighter plane carrying nothing else can hold about 1 million phones.Moving high-value goods such as a smartphone by air quickly to various markets is important for Samsung to capture mark
IndustryMarch 15, 2013
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Choi Soo-hyun promoted to take over FSS
Deputy Financial Supervisory Service Gov. Choi Soo-hyun is expected to succeed Kwon Hyouk-se, the current chief, who offered to step down from his post on Friday, the watchdog said, amid a personnel shake-up of government agencies by the presidential office.Kwon’s resignation came after President Park named Vice Finance Minister Shin Je-yoon as the nominee for Financial Services Commission chairman early this month.The FSS is the executive body of the policy-making FSC, and the head of the FSS i
March 15, 2013
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Hana to gain complete control of KEB
Hana Financial Group is on track to take compete control of Korea Exchange Bank as the majority of its shareholders approved a plan to swap Hana shares with remaining KEB shares owned by minority stakeholders at Hana’s extraordinary general meeting on Friday.The share swap scheme was also approved at KEB’s meeting, but is expected to face growing opposition from KEB minority shareholders and union workers.The plan, not only to gain 100 percent ownership in Korea’s leading foreign exchange bank b
March 15, 2013
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Doctors against prescribing 'study drugs'
Prescribing drugs to boost memory and thinking abilities in healthy children and teens to study is misguided, U.S. researchers say. Study author Dr. William Graf of Yale University in New Haven, Conn., said some parents request doctors to prescribe attention-deficit hyperactivity disorder drugs for their children who don't meet the criteria for ADHD, to help them study for tests."Doctors caring for children and teens have a professional obligation to always protect the best interests of the chi
TechnologyMarch 15, 2013
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Seoul shares down 0.78 pct on lack of leads
South Korean stocks closed 0.78 percent lower on Friday amid a lack of positive leads, analysts said. The local currency edged down against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed15.63 points to 1986.50. Trading volume was low at 301.4 million shares worth 5.18 trillion won (US$4.66 billion), with gainers outnumbering decliners 461 to 355."Despite positive factors from abroad, shares finished lower as investors were unnerved by the weak yen and the central ba
March 15, 2013
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Chinese zoo shows pandas ‘porn’ to get them mating
A Chinese zoo recently tried an unusual method to encourage its giant pandas to mate: showing them a panda version of a porn video.The zoo -- which is located in Chengdu -- managed to get the pandas to mate after showing them a video of other panda’s copulating, according to the English edition of Chinese daily Global Times.Zoo officials said every time male panda Yongyong tried to mate with his companion KeLin, she would fight him off. Since the mating period for a panda is relatively short, Ke
TechnologyMarch 15, 2013
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Study: Early birds possibly had four wings
Early birds evolved from feathered dinosaurs with four wings but soon ditched "training wheels" for more efficient two-winged flight, Chinese scientists say.In 2003, a group of Chinese researchers excavated six fossils of flying dinosaurs with wings on their hind legs, dubbing them Microraptors."When we published that ten years ago there was some suspicion whether the fossil was faked," Xing Xu from Linyi University in Shandong province said.Now Xu and colleagues have described another find supp
TechnologyMarch 15, 2013
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Answering messages while driving like DUI
Using a hands-free kit on a cellphone or texting affected driving as much as being above the legal alcohol limit, Australian and Spanish researchers say. Several Australian universities and the University of Barcelona measured the reaction capacity of 12 healthy volunteers who participated in a driving simulation test lasting two days, each a week apart. Study co-author Sumie Leung Shuk Man of the University of Barcelona said the drivers took the test having consumed alcohol, and then usin
TechnologyMarch 15, 2013
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Samsung goes with ‘three-top’ system
Samsung Electronics seated three different chief executives as part of its efforts to improve operational efficiency and grant more responsibility to each unit the CEOs will lead on Friday, following a board meeting. The world’s top handset, television and chipmaker said that it will establish a three-way leadership system as the company separated its businesses into three different units early this year. Kwon Oh-hyun, vice chairman and the CEO of Samsung’s flagship arm, will take charge of the
IndustryMarch 15, 2013
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Hana, KEB shareholders agree on share swap move
Shareholders of Hana Financial Group Inc. and its affiliate Korea Exchange Bank approved Friday the group's move to take full control of KEB through swapping shares, bank officials said. At an annual meeting, shareholders of Hana Financial voted for the share swap plan with 98.34 percent approval, the group said. It will raise its stake in KEB to 100 percent from the current 60 percent by swapping each of its shares for 5.28 KEB shares. KEB shareholders, in contrast, passed the plan after three
March 15, 2013
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Seoul shares down 0.67 pct in late-morning trade
South Korean stocks traded 0.67 percent lower late Friday morning due to losses in techs and mobile carriers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped13.48 points to 1,988.65 as of 11:20 a.m.Tech blue chips led the decline, with market behemoth Samsung Electronics falling 2.3 percent and top flat panel manufacturer LG Display losing 1.97 percent. Leading chipmaker SK hynix lost 0.87 percent.Mobile carriers also lost ground, with leading player SK Telecom fall
BusinessMarch 15, 2013
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Alarm clock app difficult to turn off
A pair of Italian developers have created an alarm clock smartphone app designed to help users wake up with math games and other tasks.The FreakyAlarm app, created by Enrico Angelini and Gabriele Di Lorenzo, has a basic mode where users must take pictures of objects or barcodes before bed then photograph the same objects or barcodes to shut the alarm off in the morning, the New York Daily News reported Thursday.The app also has an "evil" setting, which requires users to solve difficult math equa
TechnologyMarch 15, 2013
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Physicists say they have found a Higgs boson
It helps solve one of the most fundamental riddles of the universe: how the Big Bang created something out of nothing 13.7 billion years ago.In what could go down as one of the great Eureka! moments in physics _ and win somebody the Nobel Prize _ scientists said Thursday that after a half-century quest, they are confident they have found a Higgs boson, the elusive subatomic speck sometimes called the “God particle.”The existence of the particle was theorized in 1964 by the British physicist Pete
TechnologyMarch 15, 2013
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Seoul shares open higher on U.S. gains
South Korean stocks opened higher Friday following an overnight Wall Street rally fueled by heightening anticipations of economic recovery, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 4.34 points, or 0.22 percent to 2,006.47 in the first 15 minutes of trading.Shares gained ground across the board, with No. 1 carmaker Hyundai Motor rising 2.12 percent and top chipmaker SK hynix adding0.52 percent. Leading builder Hyundai Engineering & Construction increased 1.25
BusinessMarch 15, 2013
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Samsung refreshes iPhone-challenging Galaxy line
Samsung Electronics is kicking up its competition with Apple with its new Galaxy S4 smartphone, which has a larger, sharper screen than its predecessor, the best-selling S III.Samsung trumpeted the much-anticipated phone's arrival Thursday at an event accompanied by a live orchestra while an audience of thousands watched the onstage theatrics. The Galaxy S4, which crams a 5-inch (12.7-centimeter) screen into body slightly smaller than the S III's, will go sale globally in the April to June perio
TechnologyMarch 15, 2013
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[Graphic News] Korea trails OECD in number of 100-year-olds
About 1 in 500 Koreans lived to age 100, a lower proportion than in most of the Organization for Economic Cooperation and Development, according to recent research.The study showed that 1,826 among 908,490 Korean people in the 50-54 age bracket in 1961 became centenarians in 2011.In terms of the centenarian rate, Korea ranked 26th of 32 countries in the OECD, according to the report released by Kim Jong-in, a professor of health and welfare at Wonkwang University. Japan topped the list, proving
March 14, 2013
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[Newsmaker] IT expert named to Park’s key ministry
President Park Geun-hye chose a top communications technology expert as the new science minister nominee to fill the seat left by a controversial self-claimed patriot.Professor Choi Mun-kee of top science university KAIST was named on Thursday to head the ministry of Future Planning and Science, which will be newly established under Park’s government reorganization plan.By naming Choi, Park completed the nomination of 17 ministers. Presidential spokesman Yoon Chang-jung said Choi’s expertise was
IndustryMarch 14, 2013