Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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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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NewJeans' members' parents complained to Hybe, email shows
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Controversy brews over shakeup of prosecutors amid probe of first lady
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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OpenAI gives ChatGPT new powers to see, hear
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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SK Group inks biz tie-up with buyout fund Carlyle
South Korea’s No. 3 conglomerate SK Group said Sunday it has agreed to team up with U.S. buyout fund Carlyle Group as part of its push into overseas investments.SK Group said that it has clinched a strategic partnership with the U.S. private equity fund in a bid to strengthen business synergy by combining the group’s expertise in corporate management and energy with Carlyle’s investment skills.“The partnership would pave the way for SK Group to grow as a global portfolio investor,” the group sai
Dec. 9, 2012
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Mercedes looks to blue to make diesel green
The Korea Herald, in cooperation with carmakers, offers a test-driving experience to executive officials at Korean or multinational companies here. The opinion below is the author’s own. For inquiries, please contact jylee@heraldcorp.com. ― Ed. Visually similar to the vehicle Jang Dong-gun called “Betty” in the drama “A Gentleman’s Dignity,” the Mercedes-Benz ML350 BlueTEC that I had the pleasure of driving for a weekend is what you might call Betty’s less wild, economically minded, environment
MobilityDec. 9, 2012
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Little big heroes
When BMW Korea unveiled the second-generation 1 Series in October, CEO Kim Hyo-joon pinned high hopes on the smallest and cheapest BMW model for further growth of the best-selling foreign car brand here. Now two months later, local customers are required to wait for at least four months to purchase the car, according to a BMW Korea spokesperson who would not reveal the specific sales figures, citing company policy.“The 1 Series is favored by younger customers. But it is also true that overall ca
MobilityDec. 9, 2012
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Japanese dealerships in China retrench in wake of disputes
Three months after a territorial dispute led rioters to vandalize Japanese cars in China, automakers from Toyota Motor Corp. to Nissan Motor Co. are luring back buyers with discounts and guarantees. Dealers like William Chen may take more persuasion to invest in the brands. “Sales of Japanese brands plunged about a third at my outlets,” said Chen, whose family owns about 30 showrooms selling Nissan and nine other brands in the eastern city of Taizhou. “I would prefer safer brands over Japanese o
MobilityDec. 9, 2012
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Equus wins U.S. value award
Hyundai Motor’s Equus took first place in the luxury car segment in the 16th annual Strategic Vision Total Value Awards in the United States.“Our flagship sedan Equus beat out competitors such as the Mercedes-Benz CLS, the Audi A8 and the Jaguar XJ,” the company said in a statement Sunday.While Strategic Vision’s Total Value Index reflects all aspects of perceived value ― from quality, to economics to customer appeal ― the Equus also received the award for Best Model and the automaker’s Sonata s
MobilityDec. 9, 2012
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Parents may live longer than childless
A study involving Danish couples found a correlation between childless couples dying earlier than couples with children, researchers said. Researchers at Aarhus University in Denmark studied more than 21,000 couples having in vitro fertilization treatment between 1994 and 2005 -- while 15,210 children were born, 1,564 were adopted, the Daily Telegraph reported. During the study period, 96 women and 200 men died. The study, published in the Journal of Epidemiology and Community Health, found the
TechnologyDec. 9, 2012
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S. Korea likely to cut 2013 growth outlook
The South Korean government is likely to cut its 2013 estimate for economic growth to the 3-percent range as downside risks at home and abroad will weigh on the economy, officials said Sunday.The government earlier forecast that Asia's fourth-largest economy would grow 4 percent next year, much rosier than outlooks presented by the central bank and private think tanks."I think that we have to consider the weak growth in the third quarter (in adjusting the growth forecast). The government is taki
Dec. 9, 2012
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S. Korea to gradually raise pension eligibility age to 65
South Korea will gradually increase the age of eligibility for public pensions to 65 from the current 60, the country's national pension fund said, in what could be a move to ease the government's financial burden from the retiring population. The age for a retirement pension will be 61 years in 2013 and increase one year every five years to reach 65 years in 2033, the National Pension Service (NPS) said on its Web site.People born between 1953 and 1956 will become eligible to claim their benefi
Dec. 8, 2012
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S. Korea, U.S. to boost cooperation on shale gas
South Korea and the United States have agreed to step up cooperation on shale gas, an increasingly popular source of energy, a visiting top Seoul official said Friday."In a meeting with U.S. Secretary of Energy Steven Chu yesterday, I had a lot of discussions on cooperation in the shale gas sector," South Korean Knowledge Economy Minister Hong Suk-woo told reporters. His ministry handles trade, energy and industry affairs. He is on a trip here for the U.S.-Korea Investment and Trade Cooperation
IndustryDec. 8, 2012
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Korean consortium to build solar farm in Japan
A consortium comprising four South Korean firms said Friday that it has signed a preliminary deal to build a solar farm in Japan.Under the deal, STX Solar Energy Co. and the Korea South-East Power Co., a unit of the state-run Korea Electric Power Corp., and two other South Korean firms will construct and operate the solar farm in Sendai with a capacity of 45MW, according to the consortium.Sendai in northeastern Japan is one of the areas that was hit hard by the unprecedented quake in March 2011.
IndustryDec. 7, 2012
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Seoul orders ships to change routes on N.K.’s rocket path
South Korea has instructed domestic and foreign ships to reroute their courses in the West Sea to avoid any possible collisions with falling debris from a long-range rocket that Pyongyang could launch, the government said Friday.The precautionary move comes as North Korea informed the International Maritime Organization and the International Civil Aviation Organization that it will fire off the Unha-3 rocket between Dec. 10-22 during the hours of 7 a.m. and noon to put a satellite into orbit.The
Dec. 7, 2012
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Shares up on eased U.S. budget woes
South Korean stocks finished up 0.4 percent Friday as investors scooped up large-cap shares on signs of progress in the U.S. fiscal cliff negotiations, analysts said. The local currency gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 7.83 points to 1,957.45. Trading volume was moderate at 405.9 million shares worth 4.26 trillion won ($3.94 billion) with gainers outnumbering losers 409 to 391.“The U.S. policy makers showed somewhat strong determination
Dec. 7, 2012
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Hyundai’s Santa Fe named ‘safest car of the year’
Hyundai Motor said Friday that its flagship sport utility vehicle Santa Fe has been named the safest vehicle of the year by the Ministry of Land, Transport and Maritime Affairs. The Korea Automobile Testing and Research Institute, sponsored by the ministry, carried out the New Car Assessment Program on 11 Korean and imported cars launched this year. Of them, the Santa Fe, the first SUV equipped with the seven-airbag system, received the highest safety rating in various crash tests and safety of
IndustryDec. 7, 2012
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Import car sales expected to increase by 8 percent in 2013
Import car sales, led by smaller, cheaper models, are expected to continue their growth momentum next year, a business lobby for foreign carmakers here said Friday. The Korea Automobile Importers and Distributors Association, or KAIDA, predicted new registrations could reach 143,000 units next year, about 8 percent growth from this year. The growth rate is lower than the more than 20 percent growth of the market this year that was driven by the free trade pacts with the U.S. and EU, consumption
IndustryDec. 7, 2012
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Samsung promotes women, top performers
Samsung Group’s promotions this year centered on the young, women and the best-performing. On Friday, Samsung promoted 485 employees to executive status. The move followed the CEO-level promotions carried out earlier this week. Among the group, 335 employees ― the largest number so far ― were promoted as executives. Among them, 74 received early promotions, while four were in their 30s. Last year, Samsung had granted early promotions to less than 60 employees. Women also received more promotions
IndustryDec. 7, 2012
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U.S. judge may cut Samsung damages
Samsung Electronics Co. may walk away paying less in damages for infringing some of Apple Inc.’s most critical patents. Judge Lucy Koh, the federal judge hearing the trial, said that although the jury that delivered the original verdict was precise and consistent in calculating infringement damages for 28 different Samsung products, the method the members used may have been mistaken.She was quoted as saying that her decisions may take weeks or months to finalize, adding that she is planning to i
IndustryDec. 7, 2012
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Judge calls for "global peace" in Apple-Samsung war
A judge mulling whether to trim or overturn Apple's billion-dollar damages award against Samsung on Thursday called for a ceasefire in the ongoing patent war between the smartphone titans."I think it's time for global peace," US District Court Judge Lucy Koh said after legal teams from Apple and Samsung dueled for hours over post-verdict motions in her courtroom in the Silicon Valley city of San Jose."Let me hear if there is anything the court can do," she continued. "It would be good for consum
IndustryDec. 7, 2012
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Study: The perfect lie may be possible
U.S. researchers say with a certain amount of training and instruction a person could learn to tell a lie that may be indistinguishable from the truth.The study at Northwestern University, which suggests the art of deception can be perfected, has implications for law enforcement and the administering of lie detector tests, a university release said Thursday.Previous researchers has shown most people take longer to respond and make more mistakes when telling lies than telling the truth because th
TechnologyDec. 7, 2012
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Card firms charge high loan rates despite regulatory call
South Korea‘s credit card companies have been making huge profits from charging high interest rates on card loan users, despite the regulatory move to lower the rates, industry data showed Friday.The portion of card loan borrowers that owed the highest interest rate charged by card firms accounted for 20-65 percent out of the total as of the end of November, according to card firms’ data.A card loan refers to a loan extended by a card company based on the borrower‘s credit. Its highest rate band
Dec. 7, 2012
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Russian iTunes users get XXX content
Russian iTunes users got more than they bargained for when XXX-rated content showed up in their movie section, Wired.com says.When iTunes was launched in Russia, users who went to the “more films in different languages” section to download mainstream movie fare, they instead found content from porn sites, escort services and purveyors of sex toys, the online tech website reported Wednesday.Wired.com said the folks at iPhones.ru thought iTunes‘ tech staff may have put some temporary xx.xx.xx plac
TechnologyDec. 7, 2012