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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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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KRA fosters therapeutic horse riding
30 riding ‘healing centers’ to help treat teens’ emotional disturbanceThe Korea Racing Authority will open 30 KRA Riding Healing Centers by 2022 to help treat teenagers with emotional problems. The KRA vowed last week to put up 100 billion won ($88.4 million) to build the centers and train professionals to teach therapeutic horse riding. Each center will be able to treat about 2,000 teenagers per year, which will add up to over 60,000 per year by 2022. Therapeutic horse riding is a well-known tr
IndustryAug. 19, 2012
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U.S. men prefer beer, women love wine
WASHINGTON (AFP) -- U.S. men like to drink beer, though wine is the beverage of choice for women and older adults, a poll showed Friday.The annual Gallup poll found that, as with previous years, wine drinkers are mostly based on the East Coast while beer aficionados live in the Midwest.Drinking is commonplace in the United States, with two thirds (66 percent) of Americans saying they consume alcohol, and 44 percent saying they drank at least one alcoholic beverage a week.While just 12 percent of
TechnologyAug. 19, 2012
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New spider family found in U.S. caves
A team of amateur cave explorers and arachnologists has found a new family of spiders in caves and old-growth redwood forests in Oregon and California, US researchers said Friday.Entomologists at the California Academy of Sciences said the spider, named Trogloaptor -- or "cave robber" -- for its lethal front claws, had such unique evolutionary features that it represented not just a new genus or s
TechnologyAug. 19, 2012
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Hyundai Motor to hire 3,000 subcontract workers as regulars
Hyundai Motor, Korea’s largest automaker, said that it will change the status of some 3,000 subcontractor laborers working for its Ulsan plant to regular employees.The company said in a statement that it will recruit 3,000 of its 8,000 in-house subcontractors as regular employees by 2016 as a means to “follow and honor” rulings by Seoul courts and government agencies.It will begin by hiring 1,000, and then increase its employment to 3,000 over the next four years.Labor-management relations have
IndustryAug. 17, 2012
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Mobile social game giant ready to join Korean market
GREE’s senior executive says it seeks strategic partnerships with Korean firmsCOLOGNE, Germany ― GREE, a Japan-based mobile social game firm, said Friday that it plans to dive into the Korean market after establishing a game studio in the region this year.Ryotaro Shima, senior vice president at GREE, said that Korea is an attractive market for the company and has many good engineers.“We’ve already established a game studio in Korea and we’re developing games suitable for the Korean market,” he
IndustryAug. 17, 2012
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Shares down 0.58% on tech loss
Korean stocks slipped 0.58 percent on Friday, led by a sharp fall in tech shares, analysts said. The local currency edged down against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 11.37 points to 1,946.54. Trading volume was moderate at 368.3 million shares worth 4.7 trillion won ($4.1 billion), with decliners outnumbering gainers 406 to 390.“A slump in Samsung Electronics shares weighed down the KOSPI amid rumors asset firms are cutting back their stakes for profit-takin
Aug. 17, 2012
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Websites banned from collecting IDs
Companies that own and operate Internet businesses will be forbidden from collecting customers’ resident identification numbers beginning Saturday.This comes after a law revision by the Korea Communications Commission intended to protect consumers from having their ID numbers, which are equivalent to U.S. Social Security numbers, stolen.The KCC, the country’s communications watchdog and policymaking body, said Friday in a statement that the law will be enforced against all Internet or informatio
TechnologyAug. 17, 2012
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No more leniency for chaebol?
Imprisonment of Hanwha chairman draws mixed response from business, political circlesBusiness circles seem to be perplexed by the imprisonment of Hanwha Group chairman Kim Seung-youn, who was sentenced to a four-year prison term and a 5.1 billion won ($4.5 million) fine for embezzlement and breach of trust on Thursday. In many economic crime cases involving business tycoons, the Korean judiciary has shown leniency toward them, citing their contribution to the national economy. Even when convicte
IndustryAug. 17, 2012
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Breakup of FX swap deal with Japan unlikely to affect financial market
(Yonhap) -- A possible end to the currency swap line with Japan would not have a significant impact on the financial market here as Seoul has made headway in strengthening its safety net designed to absorb shocks from unexpected global turmoil, analysts said Friday. South Korea expanded its currency swap line with Japan from US$13 billion to $70 billion last year in a bid to secure foreign excha
Aug. 17, 2012
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Seoul shares down 0.58 percent on tech loss
Korean stocks slipped 0.58 percent on Friday, led by a sharp fall in tech shares, analysts said. The local currency edged down against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.37 points to 1,946.54. Trading volume was moderate at 368.3 million shares worth 4.7 trillion won ($4.1 billion), with decliners outnumbering gainers 406 to 390."A slump in Samsung Elec
Aug. 17, 2012
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Apple’s iPad Mini likely to a scaled-up iPod Touch
The iPad Mini will be more like a larger version of the iPod Touch rather than a smaller version of the iPad. Several industry sources speculated that the new gadget will not be a revolutionary redesign. However, it will have slimmer bezels along its sides to make for easier use and will also have a 7-inch screen, positioning it to rival Google’s popular Nexus tablet. What is to give the iPad Mini its edge is its rumored larger 4:3 display. Eddy Cue, Apple’s Vice President, stated that the late
TechnologyAug. 17, 2012
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Malware targeting Android devices rising
The amount of malware targeting Android devices such as smartphones and tablets tripled in the second quarter of 2012, a Russian security firm says.Security company Kaspersky Labs said malware specifically targeting Android-based phones, tablets and computers increased by a significant amount in the quarter, SlashGear reported Thursday.Kaspersky said 14,900 new malicious programs targeting Android devices were added to its database of malware threats, up from 5,441 in the first quarter.Almost ha
TechnologyAug. 17, 2012
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Seoul shares turn lower after strong start
Korean stocks turned lower following a high opening on Friday as institutional and retail investors opted to offload their shares, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 3.26 points, or 0.17 percent, to 1,954.65 in the first 15 minutes of trading.Techs led the decline with market bellwether Samsung Electronics slumping 1.93 percent. Some major exporters, however
Aug. 17, 2012
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Glass ceiling still tough to break in Korea
Smashing through the glass ceiling is still difficult for most women in corporate Korea, especially for those who want to climb to the top, government data suggested on Thursday. According to data collected from government offices, there are 813 board members at the nation’s 100 leading companies in terms of market value. Of them, only 12 are women. When considering that Hyundai Group chairwoman Hyun Jung-eun also serves as the executive chairman for Hyundai Merchant and Hyundai Securities, the
IndustryAug. 16, 2012
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China rapidly narrows industrial gap with Korea
This is the fifth in a series of articles to mark the 20th anniversary of diplomatic ties between South Korea and China. ― Ed.The technology gap between Korea and China has narrowed over the past decade in the manufacturing industry.According to data from the Korea Institute for Industrial Economics & Trade, the technology gap in the manufacturing industry between the two countries narrowed to 3.7 years in 2011 on average, from 4.7 years in 2002.In terms of the countries’ technological levels as
IndustryAug. 16, 2012
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Jobless rate falls to 3.1% in July
Korea’s jobless rate fell from a month earlier in July due to a rise in new jobs offered, especially for young people, according to a government report on Thursday.Statistics Korea said the jobless rate hit 3.1 percent in July, down from 3.2 percent in June. It also said the growth in the number of employed persons increased by 1.3 percent compared to the previous month.In July, 470,000 new jobs were added in the market, compared with some 365,000 new jobs in the previous month, officials said.T
Aug. 16, 2012
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Jellyfish scare spreads along the coast
Holidaymakers and fishermen are worried about giant toxic jellyfish showing up in Korea’s coastal areas in record numbers this summer.A girl was killed earlier this month and more than 500 people have been stung by jellyfish in the seas around Busan this season. The southern resort island of Jeju saw more than 130 people stung.Although there have been reports in China and Southeast Asia of deaths caused by poisonous jellyfish, Korea was considered relatively safe from them. However, the scare is
TechnologyAug. 16, 2012
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Ovarian cancer
Ovarian cancer accounts for 4.2 percent of all cancers in women and has the highest incidence rate among all genitourinary cancers in women following cervical cancer in Korea. There is growing concern about ovarian cancer as its incidence rate is on the rise every year with approximately 1,400 newly-diagnosed patients annually, whereas the incidence rate of cervical cancer is gradually decreasing.The ovaries are small organs located in the female pelvis which are found in pairs on either side of
TechnologyAug. 16, 2012
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Malaria haunts border areas
Soured inter-Korean ties stymie efforts to control mosquitoesFears of malaria haunt South Koreans living near the border with North Korea, as soured inter-Korean ties take their toll on efforts to control the disease-carrying mosquitoes that fly freely across the heavily-fortified De-Militarized Zone. South Korea’s Centers for Disease Control and Prevention has issued a malaria warning for parts of Incheon, Gangwon Province and some northern areas of Gyeonggi Province, all near the northern bord
TechnologyAug. 16, 2012
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Iranian central bank to stop using accounts at Woori, IBK
The Iranian central bank has decided to stop using its trade settlement accounts at two Korean banks amid disputes over the interest rate.The Central Bank of Iran said it informed Woori Bank and the Industrial Bank of Korea of its decision and asked the Seoul government to find other banks where it can open new Korean won-denominated accounts. The CBI is eyeing NH Nonghyup and the Export-Import Bank of Korea, according to financial sources here.Minoo Kiani Rad, vice governor of the CBI, told Kor
Aug. 16, 2012