Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Samsung doubles down on Vietnam
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[Grace Kao] American racism against Stray Kids
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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NewJeans' members' parents complained to Hybe, email shows
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Suspect behind murder of Korean tourist in Pattaya arrested
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Prosecutors summon pastor involved in Dior bag scandal
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[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
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KDI school opens English website on development
KDI School of Public Policy and Management opened on Friday an English-language website which provides information on South Korea’s economic development process. The total information system K-developedia (www.kdevelopedia.org) contains data published by local and international research institutes and international organizations such as the World Bank and United Nations. All the information including research data, photographs and video materials are offered for free at the website. Data origina
IndustryNov. 23, 2012
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LG Electronics’ Optimus G ranked top in U.S
South Korean tech giant LG Electronics Inc.’s latest Optimus G has been picked as the best smartphone by a U.S. magazine in its latest handset survey, industry sources said Friday.Consumer Reports said the Optimus G is the best smartphone choice for subscribers of two major mobile carriers in the United States.It is the first time that an LG smartphone has been the top recommendation of Consumer Report, according to the sources.The LG phone released by AT&T Inc. received the highest 79 points in
Nov. 23, 2012
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The Shilla Seoul to close for refurbishment
The Shilla Seoul said Friday that it would close in January for about six months for a major refurbishment. The hotel said that it would cease all hotel services during the six-month revamp, except the Shilla Duty Free Shop, which will be open throughout the refurbishment period. Having been built more than three decades ago, the hotel building needs to renovate the guestrooms and bathrooms, hotel officials said. They said that the project will only involve the interior of the hotel and not the
Nov. 23, 2012
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LS Cable focuses on India in bid to become global leader in sector
LS Cable & System chairman Koo Cha-yol reaffirmed Friday the company’s goal of becoming the No. 1 player in the global cable industry, celebrating the 50th anniversary of its foundation. “Based on our prowess accumulated over the past 50 years, we will step up efforts to become the global No. 1 in the next 50 years,” Koo said during the ceremony at its headquarters in Anyang, Gyeonggi Province, on Friday with some 400 company executives and guests in attendance. “The cable business is not just a
IndustryNov. 23, 2012
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NPS chief Jun to serve one more year
The government decided to extend the term of National Pension Service chief Jun Kwang-woo by a year, officials said on Friday.The NPS chief’s three-year tenure was due to expire early next month.Health and welfare officials said the government made the decision in consideration of the performance the pension service achieved under Jun.According to officials, the number of subscribers of the national pension surpassed 20 million people and the NPS’ combined operating profits it collected by fund
Nov. 23, 2012
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SK Telecom to merge SK Planet and SK M&C
SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries ― SK Planet and SK Marketing & Company ― as a means to beef up its mobile business, industry sources said.The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity.SK Telecom will likely make SK Planet the surviving entity through a statutory merger with SK M&C, which will dissolve after the M
TechnologyNov. 23, 2012
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4 investors show interest in Ssangyong E&C’s capital increase
Four domestic and foreign investors have expressed interest in Ssangyong Engineering & Construction Co.’s planned rights offering of more than 150 billion won ($138 million), which is aimed at resolving the liquidity crisis of the embattled builder, officials of the state-run debt-clearer said Friday.The rights issue comes as Ssangyong’s creditors have been trying to sell the cash-strapped builder, the former construction arm of Ssangyong Group. Their latest attempt in August, fifth since 2007,
Nov. 23, 2012
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Korea counters Lone Star’s ISD invocation
The government will have to pull out all the stops to ensure its victory over Lone Star Funds in a looming legal battle, pundits said on Friday, as the case will set a critical precedent. On Nov. 21, the Dallas-based private equity firm filed investor-state dispute, or ISD, arbitration claims at the International Centre for Settlement of Investment Disputes against the Korean government for damages of up to 2.4 trillion won over its delayed approval of prospective buyers for Korea Exchange Bank.
Nov. 23, 2012
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IEA says Korea a good example of green energy, nuclear power
South Korea is setting an example for the rest of the world to follow in developing new and clean energy sources, including nuclear energy, as part of efforts to fight climate change, a country report by an international organization said Friday.The International Energy Agency especially praised the country for its 2009 pledge to voluntarily cut greenhouse gas emissions by 30 percent from its business-as-usual levels in 2020.“In its report, the IEA very positively viewed the country’s setting a
Nov. 23, 2012
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FILA Global chief Yoon wins Ernst & Young award
FILA Korea Ltd. and FILA Global chairman and CEO Gene Yoon won the sixth Ernst & Young Entrepreneur of the Year Award, or EOY, organizers said on Friday. The award is created to pioneer outstanding leaders of business whose strength and leadership inspire world. Out of six EOY awardees, Yoon won this year’s EOY Master’s Award in recognition of his excellence in mergers and acquisitions he showed in merging the global sports brand FILA, Ernst & Young Hanyoung said. In 2011, Yoon also succeeded in
IndustryNov. 23, 2012
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Planets around cooling stars unlikely to support life: study
Exoplanets orbiting cooling stars like white dwarf and brown dwarf stars are unlikely to support life, new study suggestedAs those stars cool down over time, their habitable zone –- a zone where liquid water, therefore life may exist –- shift over time, according to research by Rory Barnes of the University of Washington and René Heller of Germany‘s Leibniz Institute for Astrophysics Potsdam. Although theoretically both white and brown dwarf stars can be bright enough to create habitable zones,
TechnologyNov. 23, 2012
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SK Telecom to merge SK Planet and SK M&C
SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries -- SK Planet and SK Marketing & Company -- as a means to beef up their mobile business, industry sources said.The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity.SK Telecom will likely make SK Planet the surviving entity through a statutory merger with SK M&C, which will dissolve after t
TechnologyNov. 23, 2012
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Argentine experts find giant penguin fossils in Antarctica
Argentine experts have discovered the fossils of a two-meter tall penguin that lived in Antarctica 34 million years ago.Paleontologists with the Natural Sciences Museum of La Plata province, where the capital Buenos Aires is located, said the remains were found on the icy southern continent."This is the largest penguin known to date in terms of height and body mass," said researcher Carolina Acosta, who noted that the record had been held by emperor penguins, which reach heights of 1.2 meters ta
TechnologyNov. 23, 2012
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IEA report says S. Korea a good example of green energy, nuke development
South Korea is setting an example for the rest of the world to follow in developing new and clean energy sources, including nuclear energy, as part of efforts to fight climate change, a country report by an international organization said Friday.The International Energy Agency (IEA) especially praised the country for its 2009 pledge to voluntarily cut greenhouse gas emissions by 30 percent from its business-as-usual levels in 2020."In its report, the IEA very positively viewed the country's sett
Nov. 23, 2012
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Manufacturing output in Korea's provincial areas slows in Q3
Annual growth of manufacturing production in South Korea's provincial areas eased in the third quarter as an indication of the slowing economy, the central bank said Friday.Output by manufacturers in Korea's provincial regions grew a mere 0.4 percent in the July-September period from a year earlier, slowing from a 1.6 percent on-year gain in the second quarter, according to the Bank of Korea (BOK).The BOK said that the production by automakers and machinery firms remained lackluster in the third
Nov. 23, 2012
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Seoul shares start higher on improved economic data
South Korean stocks started higher Friday as investor sentiment got a boost from improved economic data from China and the eurozone, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) gained 4.69 points, or 0.25 percent, to trade at 1,904.19 in the first 15 minutes of trading.Tech shares led the gain, with market bellwether Samsung Electronics moving up 0.71 percent while its electronics component-making affiliate Samsung Electro-Mechanics gained 2.73 percent. Samsung SDI, the
Nov. 23, 2012
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Viagra copycats slash original’s sales in half
The sales of Viagra, formerly the nation’s best-selling drug to treat erectile dysfunction, have dropped by more than half in the five months since local generic drugs entered the market, market research company IMS Health Inc. said on Thursday. IMS said that the sales of Viagra dropped continuously after the drug’s patent expired in May. Between January and April, before its patent expired, Viagra had marked average monthly sales of 2.1 billion won ($2 million).In September ― only four months a
TechnologyNov. 22, 2012
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Service-sector, sales workers have Korea’s highest smoking rate
The smoking rate of young “white-collar” workers in the service and sales sectors was higher than that of “blue-collar” workers, a study showed Thursday.According to the study, 62.6 percent of male workers aged 19 to 34 in the service and sales sector smoked, higher than workers in “crafts and machine operation” and “skilled agricultural, fishery, and forest workers” with 62.2 percent and 50.9 percent, respectively. The smoking rate of workers with managerial and professional positions was the l
TechnologyNov. 22, 2012
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Diet therapy for anorexia nervosa
In order to live a healthy life, we must maintain a healthy body weight. Excessive gain or loss in weight changes the body composition, resulting in decreased physical ability of the body such as a loss of desire, weakened immunity and physical retardation. This results in a decreased quality of life. The development of the food industry and the mass media has led to a culture where one can easily access tasty, fatty foods. At the same time, society demands an excessively slim figure, resulting
TechnologyNov. 22, 2012
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Korea faces looming dementia crisis
Frequently the subject of tragic TV dramas, dementia is increasingly becoming a feature of everyday life. Patients with Alzheimer’s disease, a major form of dementia, and their families struggle with a meager support system and the physical, psychological and financial burden imposed by the disease. Family caregivers end up sacrificing themselves to fight against the disease without a cure. According to a report by the Ministry of Health and Welfare, about 534,000 people have dementia in Korea.
TechnologyNov. 22, 2012