Most Popular
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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Controversy brews over shakeup of prosecutors amid probe of first lady
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OpenAI gives ChatGPT new powers to see, hear
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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S. Korea to inject $70m into AI-powered public education
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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Korean industries gauge impact of Biden's steep tariffs on China
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Seoul shares up 0.47 pct in late-morning trade
South Korean stocks traded 0.47 percent higher late Friday morning due to gains in carmakers and shipbuilders, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.46 points to 2,024.68 as of 11:20 a.m.Carmakers led the market gain, with No. 1 player Hyundai Motor advancing 1.39 percent and its smaller affiliate Kia Motors adding 0.73 percent. Top auto parts manufacturer Hyundai Mobis moved up 0.65 percent.Shipbuilders also gathered ground, with Hyundai Heavy Industrie
Feb. 22, 2013
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LG to release Optimus G in Europe
South Korean handset maker LG Electronics Inc. said Friday it will release its flagship Optimus G smartphone in Europe this month.LG said the 4.7-inch display phone that runs on Qualcomm Inc.'s Snapdragon S4 Pro processor will go on sale in Sweden this month before being released in France and Germany.The move comes after LG released the premium smartphone in Canada, Japan, South Korea and the United States as part of its efforts to regain its presence in the mobile market.The company has sold m
TechnologyFeb. 22, 2013
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Seoul shares open lower on U.S. losses
South Korean stocks got off to a weak start on Friday, tracking overnight losses on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.68 points, or 0.33 percent, to 2,008.54 in the first 15 minutes of trading.Shares lost ground across the board, with market behemoth Samsung Electronics losing 1.35 percent, and top steelmaker POSCO falling 0.82 percent. No. 2 carmaker Kia Motors moved down 0.73 percent.U.S. stocks ended lower Thursday on concerns that the F
Feb. 22, 2013
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KEPCO facing worst debt problems in public sector
State-run power company Korea Electric Power Corp. (KEPCO) is facing the worst debt problems among public organizations due to government regulations, a report said Friday.The report by the Korea Institute of Public Finance classify public organizations in four categories in terms of financial stability -- very dangerous, dangerous, cautious and safe -- and said that KEPCO's financial status is "very dangerous" given its current debt problems.KEPCO received the worst grading as its debt came to
TechnologyFeb. 22, 2013
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Park’s economic team to focus on growth, jobs
With Cho Won-dong named chief economic aide to President-elect Park Geun-hye, joining Finance Minister-nominee Hyun Oh-seok in the incoming government, the economic duo, who are described as “two of a kind,” are expected to first tackle issues on rising household debt through growth policies focused on boosting welfare.Park’s full economic lineup is yet to be established, as top new posts for the Financial Services Commission, the Fair Trade Commission, the National Tax Service and the Korea Cus
Feb. 21, 2013
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Top 30 Korean brands worth over W90tr
Korea’s top 30 corporate brands were worth a combined 94.36 trillion won ($86 billion). Topping the list was Samsung Electronics, whose brand value accounted for one-third of the combined amount, according to Interbrand and Fortune Korea on Thursday.Interbrand is a leading global brand consultancy that annually announces the world’s 100 best brands. Jez Frampton, the chief executive at Interbrand, said that Korea was a key market driving innovation, and that was why Interbrand had eyes on Korea.
IndustryFeb. 21, 2013
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Yahoo unveils new features to regain luster
U.S. Internet portal Yahoo Inc. has revamped its main page, highlighting news of interest in a bid to attract more visitors and better compete with rival search engines.The makeover is led by Yahoo CEO Marissa Mayer, who took the reins in July 2012 after 13 years at Google, the most visited site in the U.S. last year and the company’s archrival.While providing expanded news content, Yahoo now offers customizable content modules to help users choose content that suits their tastes. “Whether you a
TechnologyFeb. 21, 2013
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[Graphic News] Korea’s ‘pain at the pump’ eases
How much do Korean drivers hit by high gasoline prices feel the pain at the pump? According to the latest Bloomberg Gas Price Ranking released last week, Korea ranked 32nd among 60 countries by pain at the pump, which is measured by the proportion of average daily income needed to buy a gallon of fuel.The average daily income in Korea was $65 and the share of a day’s income needed to buy a gallon (with a price of $6.77 per gallon) was about 10 percent, the report said. Last year, Korea ranked 20
Feb. 21, 2013
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Smog causes surge in heart deaths: study
PARIS (AFP) ― Exposure to higher levels of fine particulates ― the airborne pollution that is an emerging problem in many Asian cities ― causes a sharp rise in deaths from heart attacks, a study published on Wednesday said.Research published in the European Heart Journal pointed the finger at so-called PM2.5 pollution, which comprises tiny particles measuring 2.5 micrometers across or less.They are mainly generated by burning coal and oil for power stations, and petrol and diesel for transport.A
TechnologyFeb. 21, 2013
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Uterine myoma
Many women have been frequently asking me: “I have been told that I have uterine fibroid (myoma). Do I need to have an operation?” I think the reason for this is that with the emphasis on the importance of early diagnosis of cervical cancer, more women are regularly getting checkups for gynecological cancers, leading to findings of even small uterine myomas that would have gone unnoticed in the past.Uterine myoma is a benign tumor of the muscles in the uterus. It is a common gynecological condit
TechnologyFeb. 21, 2013
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Study: Better TV might improve kids’ behavior
SEATTLE (AP) ― Teaching parents to switch channels from violent shows to educational TV can improve preschoolers’ behavior, even without getting them to watch less, a study found.The results were modest and faded over time, but may hold promise for finding ways to help young children avoid aggressive, violent behavior, the study authors and other doctors said.“It’s not just about turning off the television. It’s about changing the channel. What children watch is as important as how much they wat
TechnologyFeb. 21, 2013
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Invisible braces make teeth realignment comfortable
Incognito, the latest development in lingual aligners, allows patients to straighten their teeth with minimum discomfort. Unlike conventional braces, aligners are fitted on the back of the patient’s teeth, which makes them virtually invisible from the outside. For this reason, lingual aligners are favored by those who do not want their appearance to be altered by a visible metal device attached to their teeth.For Incognito, doctors use computer aided design and manufacturing to make a 3-D image
TechnologyFeb. 21, 2013
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[Photo News] Aiming for top in home appliances
IndustryFeb. 21, 2013
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Q4 household credit hits record on housing tax benefit
South Korea’s household credit rose to a fresh record high in the fourth quarter as the government’s temporary housing tax benefits raised demand for mortgage loans, the central bank said Thursday.Household credit totaled 959.4 trillion won ($997.2 billion) as of the end of December, up 23.6 trillion won from three months earlier, in contrast to an 11.8 trillion won gain in the third quarter, according to the Bank of Korea.The on-quarter growth picked up, but compared with a year earlier, the gr
Feb. 21, 2013
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Merck to release new LED phosphor products in Korea
Merck Advanced Technologies, the Korean affiliate of Germany’s Merck, said Thursday it would begin commercial supply of red nitride LED phosphors, used in lighting products, in the first half of this year, in addition to its green LuAG and more reliable silicate phosphors to meet rising demand in the LED market and diversify LED packaging.LED phosphors are used to coat blue light emitting diodes to transform the blue light into white light, as recognized by human eyes. More than 90 percent of th
IndustryFeb. 21, 2013
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Watchdog begins audit on E-Mart lobbying allegations
South Korea’s anti-trust watchdog has opened an internal audit into allegations that E-Mart Co., the country’s largest discount chain operator, lobbied its officials to stop them from reporting the company’s unfair trading practices, industry sources said Thursday. The audit comes after the recent leak of confidential documents of Shinsegae Group, the parent company of the discount chain operator, that included E-Mart’s illegal lobbying of Fair Trade Commission officials in a bid to have them ke
Feb. 21, 2013
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Daewoo bags $1.1b deal for offshore platform
Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Thursday that it has won a $1.1 billion contract to build part of an offshore oil production platform.Under the deal with Statoil of Norway, Daewoo Shipbuilding will deliver the topside of the platform by the end of 2016, the company said in a statement.The platform has a capacity of producing 63,000 barrels of oil and 90,000 cubic meters of natural gas on a daily basis, according to Daewoo Shipbuilding.So far this ye
Feb. 21, 2013
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KT&G offers limited The One Maxim Edition
Tobacco manufacturer KT&G has put 1 million packs of The One Impact Maxim Edition on sale for a limited four-week period. The outer cover was designed in collaboration with Maxim, the world’s best-selling men’s monthly magazine, to attract young male smokers in their 20s and 30s ― who comprise about 70 percent of The One series sales ― the tobacco maker said. The One Impact Maxim Edition is the first limited-edition and sixth product from the low-tar, hard-filtered The One lineup since the brand
IndustryFeb. 21, 2013
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Shares down following rally
South Korean stocks closed 0.47 percent lower on Thursday as investors took a breather following a six-session rally, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index slid 9.42 points to 2,015.22. Trading volume was moderate at 385.9 million shares worth 4 trillion won ($3.7 billion), with decliners outnumbering gainers 527 to 279.Foreigners extended their net buying to a fourth straight session, while institutions shifted to selling.
Feb. 21, 2013
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Beneficiaries of Chung foundation reach 15,000
Hyundai Motor’s Chung Mong-koo Foundation offered a new round of scholarships to some 1,400 talented underprivileged students on Thursday. The recipients included students who showed promise in basic science or cultural arts, those who lost their parents in car accidents and defector college students from North Korea. Since its creation in 2009, the scholarship program has provided 15 billion won to about 15,000 students as of 2012, the foundation said. The foundation was established in 2011 whe
IndustryFeb. 21, 2013