Most Popular
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Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
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South Korea open to Indonesian proposal to cut KF-21 payments
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Korea forecast to overtake Taiwan in chip production by 2032: report
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?
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YouTuber fatally stabbed on livestream by another YouTuber in Busan
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Yoon rebuffs opposition's call for special probe into wife
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Arrest warrant issued for medical student for allegedly killing girlfriend after breakup
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S. Korea to let doctors with foreign licenses practice
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Stray Kids hit with racism in Met Gala photo line
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Media-planning agency sees growth in Korea
Marketing and advertising used to be all about the creative side, but in this fast-evolving digital world, weaving the latest technologies into an effective formula is increasingly important, according to David Holtham, chief executive of Aegis Media North Asia.“Creative is important, but it’s not everything anymore. The advertising industry is now more about how you interact with your clients,” Holtham said in an interview with The Korea Herald.“For example, when a consumer sees a television co
Jan. 28, 2013
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[Newsmaker] Apple relinquishes its crown
For any reigning monarch, stumbling off the throne is painful. It’s expected to be the same for Apple Inc., the king of electronics and smartphones, which recently forfeited the crown as the world’s most valuable company. ExxonMobil has now taken over that spot as Apple has lost some $247 billion in shareholder wealth compared to its high, which pundits note exceeds the value of IBM, worth $232 billion. Last week, following its earnings announcement -- which disappointed investors despite being
TechnologyJan. 28, 2013
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More U.K. women injecting fat to change look
An increasing number of women in Britain are injecting fat into their bodies to change how they look, a British cosmetic surgeon group said.According to data published by the British Association of Aesthetic Plastic Surgeons, the number of women who had undergone fat transfer procedures in the U.K. came to 2,641 in 2012, marking a 13 percent increase from the year before.BAAPS president Rajiv Grover said that people wanting to receive procedures have risen by double digits, despite the country’s
TechnologyJan. 28, 2013
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Seoul shares fall 0.36 pct on exporter losses
South Korean stocks closed 0.36 percent lower on Monday as key exporters lost ground amid concerns over a strengthening won and a lack of strong upward momentum, analysts said. The local currency tumbled against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slipped 6.98 points to 1,939.71. Trading volume was light at 336.2 million shares worth 4.33 trillion won (US$3.96 billion), with decliners outnumbering gainers 433 to 378."Unfavorable foreign exchange conditions, we
Jan. 28, 2013
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BOK board member says global economy to face currency war
The global economy is likely to face a currency war this year, triggered by Japan's drive to weaken its currency through an open-ended asset-buying program, a central bank policymaker said Monday. "It is not an exaggeration that the global economy will face a currency war. An atmosphere of protectionism is spreading," Ha Sung-keun, a policymaker on the seven-member monetary policy committee of the Bank of Korea (BOK), told reporters.Japan's drive to weaken its currency aimed at propping up its f
Jan. 28, 2013
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Cellphones teeming with germs
Cellphones are full of germs but users can damage phones‘ finishes with some commonly used cleaning products, U.S. researchers say.“Cellphones are 10 times as dirty as a toilet seat,” Chuck Gerba, a professor of microbiology at the University of Arizona, told ABC News.Cellphone users often carry their phones or smartphones all day -- from cars, public transit, offices, restaurants, stores, gyms, public bathrooms, home and often their beds.Most mobile phone manufacturers do not recommend using an
TechnologyJan. 28, 2013
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People worldwide living longer, but sicker
The majority of the people in the world live longer, but spend more years in poor health compared to 20 years ago, U.S. researchers say.Christopher Murray, director of the Institute for Health Metrics and Evaluation at the University of Washington, and colleagues found life expectancy increased in 19 of 21 regions around the world but people are spending their later years living in relatively poor health. Comparing healthy life expectancy for 187 countries in 1990 and 2010, the researchers were
TechnologyJan. 28, 2013
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Pantech unveils 5.9-inch full HD smartphone
South Korean handset maker Pantech Corp. on Monday unveiled its 5.9-inch full HD display “Vega No. 6” in a move to jump-start demand for smartphones with bigger and more vivid screens.The Vega No. 6 runs on the latest Android Jelly Bean platform and features a natural IPS Pro Full HD liquid-crystal display, which is the biggest full HD display packed on locally-released smartphones, according to Pantech.The company said the display enables a screen quality that is 2.3 times sharper than existing
TechnologyJan. 28, 2013
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Mercedes commercial criticized as too sexy
A Mercedes-Benz commercial spotlighting model Kate Upton is too sexy, the Parents Television Council said.The commercial features the “Sports Illustrated” swimsuit model wearing cutoff shorts and a cleavage-revealing, skin-tight tank top in slow motion as she prepares to wash the 2014 Mercedes CLA-Class. In reality, she points out that a group of young football players “missed a spot” as they wash the vehicle.“This ad [reinforces] for millions of wives, daughters and sisters across the country t
IndustryJan. 28, 2013
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Seoul shares down 0.46 pct in late-morning trade
South Korean stocks traded 0.46 percent lower late Monday morning due to losses in blue-chip exporters, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 9.03 points to 1937.66 as of 11:20 a.m.Big-cap tech names led the decline, with market bellwether Samsung Electronics plunging 2.75 percent and the leading electronic components maker Samsung Electro-Mechanics falling 3.11 percent. Top steelmaker POSCO also shed 3.41 percent.Carmakers also traded in negative territory,
Jan. 28, 2013
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Hana Financial to buy additional shares in KEB
Hana Financial Group Inc. said Monday it plans to buy an additional 40 percent stake in the Korea Exchange Bank (KEB) in April by swapping shares, taking firmer control of South Korea's No. 5 lender.Hana Financial completed the deal to buy a 51.02 percent stake in KEB from Lone Star Funds for 4.69 trillion won ($4.34 billion) in February 2012, making it Korea's No. 3 banking group. It also bought further stakes to raise its holdings to 60 percent last year.The group said it plans to buy the rema
IndustryJan. 28, 2013
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People who never married may die earlier
Not having a permanent partner or spouse during midlife is linked to a higher risk of premature death during that part of one‘s life, U.S. researchers say.Dr. Ilene Siegler and colleagues at Duke University Medical Center analyzed data for 4,802 people who took part in the University of North Carolina Alumni Heart Study -- an ongoing study of individuals born in the 1940s.The study authors were particularly interested in stability and change in patterns of marital and non-marital status during m
TechnologyJan. 28, 2013
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Seoul shares open lower on earnings woes
South Korean stocks got off to a weak start on Monday as investors shed holdings amid lingering concerns over fourth-quarter corporate earnings, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 10.71 points, or 0.55 percent, to 1,935.98 in the first 15 minutes of trading.Key exporters lost ground. Market bellwether Samsung Electronics, which announced its quarterly results on Friday, slumped 2.19 percent and top steelmaker POSCO fell 1.09 percent.The local currency was
Jan. 28, 2013
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Seoul begins preparations for launch of Naro space rocket
South Korea began preparations Monday for what will be the third launch of the Korea Space Launch Vehicle-1 (KSLV-1) by moving the space rocket to its launch pad.The KSLV-1, also known as Naro, is set to blast off Wednesday from the country's Naro Space Center in Goheung, South Jeolla Province, located 480 kilometers south of Seoul.The transfer of the space rocket from its storage facility to the launch pad began earlier in the day, and Naro is expected to be in place around 5 p.m., according to
TechnologyJan. 28, 2013
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Male workers taking paternity leave surge in 2012
The number of male workers taking paternity leave soared nearly 30 percent last year, but their rate still came far behind that of their female counterparts, government data showed Monday.According to the data compiled by the Ministry of Employment and Labor, the number of male employees getting paternity leave in2012 came to 1,790, up 27.6 percent from a year earlier.Since the measure was introduced in 1987, the number of fathers applying for the time off has been on a steady rise, with only tw
IndustryJan. 28, 2013
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Trade minister determined to get WTO’s top post
To boost the stagnant global economy and reinstate the multilateral trade framework, it’s crucial for Korea to play the role of an international arbitrator, bridging developed and developing countries, according to Trade Minister Bark Tae-ho.“Despite the general consensus on lifting trade barriers and opening markets, the talks on multilateral trade have seen little progress over the past 10 years,” Bark told The Korea Herald in an interview.“Such depression created a rift between developed and
Jan. 27, 2013
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Outdoor gear and clothing market bulging
The Korean market for outdoor gear and clothing was expected to continue growing on the burgeoning demand for outdoor activities, Samsung Fashion Institute said Sunday. This year, the market for such products is expected to grow to 6.4 trillion won, up 11 percent from 2012, the think tank said in a forecast. Last year, the market had reached 5.75 trillion won, up from 4.35 trillion won in 2011 and 3.25 trillion won in 2010. Major outdoor brands have vowed to take advantage of the situation to ag
IndustryJan. 27, 2013
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Foreign low-cost carriers pushing to tap Korea
Several foreign budget carriers are setting their sights on South Korea as the country’s low-cost air travel market is expected to continue to grow considerably, industry sources said Sunday.Japanese low-fare airline Jetstar Japan has recently decided to offer flights to South Korea and China and conducted a field study of Gimhae International Airport on the outskirts of Busan, South Korea’s second-largest city, according to the sources.Singapore’s budget carrier Tiger Airways is reportedly cons
IndustryJan. 27, 2013
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Per-capita GNI hits all-time high in 2012
South Korea’s per-capita gross national income (GNI) is estimated to have reached an all-time high in 2012 despite the country’s low economic growth, the finance ministry Sunday.The country’s nominal per-capita GNI probably came to US$22,720 last year, up 1 percent from the previous year’s $22,489, according to the ministry.The ministry’s estimate is based on the assumption that the country’s nominal gross domestic product expanded 3.2 percent in 2012 from a year earlier, amounting to 1,240.5 tr
Jan. 27, 2013
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Hanwha to upgrade 2,000 workers
Hanwha Group has become the first of the nation’s top 10 industrial groups to upgrade the employment status for a substantial number of its non-regular workers.On Sunday, the company said a total of 2,043 individuals of non-regular status would be elevated to regular employee status to receive benefit packages and equal promotion opportunities.The figure included those who had been hired as contracted workers but were promised to be upgraded to regular worker status after two years. More than ha
IndustryJan. 27, 2013