Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Govt. asks hospitals to mitigate impact of medical professors' absence
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Green Climate Fund to hold next meeting in Korea
GENEVA (AFP) ― The Green Climate Fund, which will help poor countries fight global warming, will hold its next meeting from October 18 to 20 in South Korea, the body said Saturday.The fund was launched at a UN climate conference in Durban, South Africa, last year to help channel up to $100 billion (80 billion euros) a year in aid to poor, vulnerable countries by 2020 via investments from both public and private sources.Its 24-member board wrapped up a first meeting in Geneva on Saturday after th
Aug. 26, 2012
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Magazine awards Hana Bank, KEB as best banks in Korea
Hana Financial Group announced Friday that Hana Bank and Korea Exchange Bank received awards from Hong-Kong-based magazine Finance Asia.The magazine named Hana Bank on Friday the Best Bank in Korea and KEB the Best Foreign Bank in Korea. Finance Asia announces the best banks in different Asian countries every year through Country Awards. The magazine commented that Hana Bank has shown stable financial growth and growing market share despite the unstable financial environment in and out of the co
Aug. 26, 2012
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Apple’s victory could backfire eventually: UBS
HONG KONG (Yonhap News) ― Apple Inc.’s victory over Samsung Electronics Co. in a lawsuit in the United States will likely force Apple’s competitors to be more creative, market watchers said Sunday.Investment bank UBS said if the jury recommendation is upheld in the U.S. court, it will have far-reaching implications throughout the industry, especially for rival smartphone makers.“In the short to intermediate-term, an Apple win that forces competitors to come up with different designs should be po
IndustryAug. 26, 2012
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Hyundai supports school fees for underprivileged students
The Chung Mong-koo Foundation, funded by the Hyundai Motor Group chairman, said Sunday that it would start receiving applications for low interest rate loans from college students coming from low-income households. The scholarship program is part of the foundation’s five-year plan, which was launched in November to nurture talented, but underprivileged students. The Hyundai chief contributed 500 billion won ($440 million) last year ― the largest individual donation here. Hyundai officials said t
IndustryAug. 26, 2012
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Samsung to show Note 2, LG to push OLED at IFA
Internationale Funkausstellung, one of the world’s largest consumer electronics exhibitions, will open in Berlin, Germany this Friday.Bringing together some 1,300 tech companies from 50 countries, IFA will be the stage for global firms such a Samsung Electronics, LG Electronics and Sony to feature about 200 high-tech consumer products ranging from smart TVs to computers and mobile devices.Samsung Electronics will showcase its products in the exhibition’s biggest booth at 8,628 square meters, whe
IndustryAug. 26, 2012
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Credit delinquency rises 23 percent
Experts cite real estate market, worsening employmentThe number of credit delinquents has increased by more than 23 percent over the past year. A local credit appraiser NICE Information Service said on Sunday that the index showing the increase of credit delinquents every month scaled up from 16.83 in April last year to 20.80 in March this year, which is a jump by 23.6 percent. A higher index, developed by NICE, means more credit delinquents. The index has been on the increase since the latter h
Aug. 26, 2012
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BMW revives scooter ambitions to target ‘sleepers’
Bayerische Motoren Werke AG has long made powerful motorcycles such as the 193-horsepower S 1000 RR that can be seen screaming down the autobahn. Now, as arch-rival Audi roars into the bike market after buying Italy’s Ducati, BMW is looking to update its two-wheeler image with scooters designed to appeal to a more urbane rider.BMW is reviving its scooter ambitions nine years after it discontinued the C1, a model with a roof to keep riders dry in rainy weather. The new line is a far cry from unde
MobilityAug. 26, 2012
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Ssangyong courts young drivers with SUV
Ssangyong Motor, the nation’s fourth-largest carmaker, is stepping up efforts to appeal to young drivers, with its sport utility vehicles receiving positive reviews, especially from those in their 20s and 30s. When local rivals like Hyundai Motor and Kia Motors suffered from sluggish domestic sales in the first half of this year, Ssangyong saw a modest 1.4 percent growth in car sales from one year ago. Ssangyong sold 56,653 vehicles in the first six months this year, including 34,812 units in ov
MobilityAug. 26, 2012
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Chrysler 300 tops GM-Ford sedans in test
Chrysler Group LLC, the U.S. automaker majority owned by Fiat SpA, boosted its rating in Consumer Reports’ testing of large sedans as its 300 topped offerings by General Motors Co. and Ford Motor Co. The Chrysler 300 scored an 83, behind only Hyundai Motor Co.’s Genesis at 92, the Yonkers, New York-based magazine and product-testing group said today in an e-mailed statement. The cars were tested for their handling, efficiency, comfort and ease of use. The 300 was one of the new or refreshed mode
MobilityAug. 26, 2012
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Competition heated in luxury sedan segment
Hyundai Motor bolsters marketing to battle BMW, Mercedes in GangnamKorean automakers are set to reinforce marketing of large sedans at home, as their sales in the lucrative premium segment continued to be eroded by import brands.Though Hyundai Motor is posting record-breaking sales of the Equus, Genesis and Grandeur sedans in major overseas markets including the U.S., the company had to suffer a heavy drop in share of the local upscale market.In the case of the Equus sedan, Hyundai posted 6,449
MobilityAug. 26, 2012
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Korean tourists fuel demand for dog meat in Cambodia
Riding a motorcycle with a cage, Pov Nat scours rural areas for dogs. He pays between 30,000 ($7.38) and 80,000 riel a head and sells the animals to a butcher in Siem Reap.The 21-year-old native of Kampong Cham province began buying dogs after coming to live with his uncle in Rohal commune in Preah Nethpreach district.“I never thought of this business. I left my hometown to find work. But I don’t
Aug. 26, 2012
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Samsung to contest U.S. verdict in favor of Apple
South Korea's Samsung Electronics said Saturday it will contest a U.S. court ruling that it must pay rival technology giant Apple damages of more than $1 billion for patent violations."We will move immediately to file post-verdict motions to overturn this decision in this court and if we are not successful, we will appeal this decision to the Court of Appeals," Samsung said.The statement came just
TechnologyAug. 25, 2012
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Apple-Samsung jury may have leaned on engineer, patent holder
Jurors who zipped through more than 600 questions in three days to arrive at their verdict in the intellectual-property battle between Apple Inc. and Samsung Electronics Co. had as their leader an engineer with a patent to his name.Velvin Hogan, foreman of the nine-member panel, told the court during jury selection last month that he spent seven years working with lawyers to obtain his own patent,
TechnologyAug. 25, 2012
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Android in jeopardy after Samsung's loss to Apple in suit
Samsung's loss Friday in a U.S. lawsuit brought by Apple Inc. has set an amber light before the future of the Google-backed Android operating system.More than a year of courtroom fights between Samsung and Apple mean more than just patent disputes between the arch-rivals in the world's smartphone and tablet computer markets.Also at issue is Apple's claim that the Android operating system, which ru
TechnologyAug. 25, 2012
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Semen prompts ovulation in females
(123rf)A protein in semen acts on the female brain to prompt ovulation and the same molecule regulates growth and nerve cell survival, Canadian researchers say.Gregg Adams of the University of Saskatchewan said male mammals have accessory sex glands that contribute seminal fluid to semen, but the role of this fluid and the glands that produce has not been well understood."From the results of our r
TechnologyAug. 25, 2012
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Samsung loses U.S. patent case to Apple
An Apple Inc. iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Co. Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone are arranged for a photograph in Seoul, South Korea, On Tuesday. (Bloomberg)After a year of scorched-earth litigation, a jury decided Friday that Samsung ripped off the innovative technology used by Apple to create its revolutionary iPhone and iPad.The jury
TechnologyAug. 25, 2012
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History of global patent war between Samsung and Apple
The court session held in Seoul on Friday was only one battle in a multibillion dollar patent war between Samsung Electronics and Apple Inc. that has been ongoing for more than a year. The court battle began last year when Apple filed a suit against its parts supplier Samsung at a U.S. court in San Jose for patent infringement on April 15.While many believed Samsung would back off due to the fact that Apple was its biggest customer, the company took a surprising step and filed countersuits again
IndustryAug. 24, 2012
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Cause of nuke plant shutdown probed
Officials at the nation’s nuclear power plant Uljin-1 have yet to find out what caused the plant to shut down suddenly on Thursday.The Korea Hydro and Nuclear Power Corp. reported on Thursday evening that the nuclear unit’s reactor and power-generating turbine suddenly ceased operation at around 6:41 p.m. for unknown reasons. Capable of providing 950,000 kilowatts of electric power, the nuclear unit is currently undergoing an inspection by experts dispatched from the International Atomic Energy
Aug. 24, 2012
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Shares sink 1.17 percent on economic woes
South Korea stocks dropped 1.17 percent on Friday on renewed concerns over a global economic slowdown and dashed hopes for imminent stimulus measures from European and U.S. central banks, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 22.73 points to close at 1,919.81. Trading volume was moderate at 615.9 million shares worth 4.3 trillion won ($3.8 billion), with losers outstripping gainers 542 to 278.“There still remains wides
Aug. 24, 2012
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Chinese customers’ purchases surge at local shopping outlets
Reeling from slackening overall sales for months, local department stores are shifting their focus to Chinese customers. Department stores are beefing up marketing targeted at Chinese tourists as their number is expected surge during the Chinese National Day holidays from Sept. 30 through Oct. 7. Chinese customers’ purchases at Lotte Department Store using the China UnionPay credit cards in the first seven months of this year jumped 180 percent from a year ago. The on-year growth this month so f
IndustryAug. 24, 2012