Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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[Weekender] Geeks have never been so chic in Korea
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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Human rights commission urges Korea to raise awareness of LGBTQ rights
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Teens banned from entering, working at 'hold 'em' pubs, cafes
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Korea to strengthen fiscal health: minister
South Korea’s top economic policymaker said Saturday that the government should continue its efforts to strengthen fiscal health to prepare for any possible future crisis. “In preparation for another economic crisis and potential fiscal challenges stemming from the low birthrate and aging population
Oct. 23, 2011
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BJFEZ gains key momentum
Operation of the Busan-Jinhae Free Economic Zone is gaining momentum, aided by the Korean operations of prominent foreign organizations based in the special economic zone.On Oct. 17, Tsubakimoto Automotive Korea’s plant in the zone was completed. The plant will produce timing chains used in automobile engines for Hyundai Motor Group’s two carmakers, and the company plans to increase the number to 107 by 2014 from the current 45. According to BJFEZ Authority, the Tsubakimoto Chain Co-owned plant
Oct. 23, 2011
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Hotel Skypark looks beyond Toyoko Inn
Newcomer aims to become Korea’s tourism-focused business hotel chainChoi Young-jae still reminisces about his days in the ‘90s as a sports reporter at a local daily, struggling to find an affordable place to stay when he traveled other parts of the country.That is exactly what has dragged the 53-year-old journalist-turned-entrepreneur into the hospitality industry, launching Hotel Skypark in Myeongdong, downtown Seoul last year.“I thought we could penetrate a niche market for those who feel bur
Oct. 23, 2011
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IMF sees Korea's debt will drop to pre-crisis level in 2012
SEOUL, Oct. 23 (Yonhap) -- The International Monetary Fund (MF) predicts South Korea's national debt is expected to fall to the level of before the 2008 global financial crisis in 2012, the finance ministry said Sunday.The ratio of South Korea's national debt to its gross domestic product (GDP) will
Oct. 23, 2011
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Imports of Japanese fisheries goods dip on radiation scare
SEOUL (Yonhap) -- South Korea's imports of Japanese fisheries products tumbled 37 percent on-year in the first nine months of this year in the wake of the March radiation leakage in the neighboring country, a report showed Sunday.South Korea imported 33,700 tons of fisheries goods from Japan in the
Oct. 23, 2011
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S. Korea’s growth rate to hover below inflation gain this year
SEOUL, Oct. 23 (Yonhap) -- South Korea’s economic growth rate is expected to fall below its inflation gain this year due mainly to sluggish exports and rising consumer prices, data showed Sunday.The average forecast of South Korea’s 2011 growth by 10 foreign investment banks came to 3.7 percent as o
Oct. 23, 2011
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Global population set to reach 7 billion this month
SEOUL, Oct. 23 (Yonhap) -- The world's population is expected to hit 7 billion by the end of this month, more than quadrupling from 100 years earlier, a report showed Sunday.According to the report by insurance giant Allianz Group, the planet's population is set to reach the new milestone at the end
Oct. 23, 2011
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Builders expect boom in orders after Gadhafi’s death
South Korean construction companies said Thursday that they expect a boom in construction business with the death of Moammar Gadhafi, which could end the civil war in the North African country.The death of the former Libyan leader, announced by Libya’s National Transitional Council, could mean the s
Oct. 21, 2011
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Korea’s business environment ranks 8th in 2011
South Korea’s global ranking for its business-friendly environment leapt this year thanks to government streamlining of regulations, catapulting the country into the top 10 for the first time, a report showed Thursday. “Doing Business 2011,” an annual report prepared by the World Bank, ranked South
Oct. 20, 2011
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Seoul to require price tags on all mobile phones
South Korea plans to require all mobile phone vendors to put price tags on their products in an effort to inform buyers of the exact fair price, the government said Thursday.Under a new government decree, the open price system will take effect from the beginning of next year and even cover home shop
Oct. 20, 2011
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Government to introduce travel passes for foreigners
South Korea will sell new multiple-ride transit passes from December to foreigners visiting the capital area for their convenience, the government announced on Wednesday.The plan was part of a set of measures jointly announced by the Prime Minister’s Office and the Ministry of Land, Transport and Ma
Oct. 20, 2011
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New vision needed for nature and development
Fahad Al Attiya, chairman of the Qatar National Food Security ProgramI welcome you to Korea, where nature and development are in perfect harmony. I am happy to hold the 10th Conference of Parties to the United Nations Convention to Combat Desertification in Changwon, South Gyeongsang Province, under
Oct. 19, 2011
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Land for Life Award an example of incentive
The following is the press statement released by UNCCD Executive Secretary Luc Gnacadja on Oct. 17 at the UNCCD COP 10 forum in Changwon, South Gyeongsang Province. ― Ed.As you know, we are now halfway through COP10. This is a good opportunity to highlight some of the outcomes achieved so far, befor
Oct. 19, 2011
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Qatar’s Al Attiya calls for systematic effort to fight desertification
Fahad Al Attiya, chairman of the Qatar National Food Security Program, said a systematic effort was needed to tackle expanding desertification in order to protect the environment. “Qatar, a small country, has been exposed to drought, land degradation and desertification and has withstood its impact
Oct. 19, 2011
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Statement on Land for Life Award
The following is the press statement released by UNCCD Executive Secretary Luc Gnacadja on Oct. 17 at the UNCCD COP 10 forum in Changwon, South Gyeongsang Province. -- Ed.As you know, we are now halfway through COP10. This is a good opportunity to highlight some of the outcomes achieved so far, befo
Oct. 19, 2011
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Hoping to see countries compete to plant trees
South Gyeongsang Governor Kim Du-kwanRespected executive secretary of the United Nations Convention to Combat Desertification Luc Gnacadja and representatives from each country, we welcome your visit to South Gyeongsang Province. Also we highly appreciate the U.N. General Assembly President Nassir A
Oct. 19, 2011
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Let’s give life to desolate land
Prime Minister Kim Hwang-sik (Yonhap News)I am here to congratulate the 10th Conference of Parties to the United Nations Convention to Combat Desertification.President Lee Myung-bak was not able to join us here today, but he was very delighted that the UNCCD is held in South Korea this year.The pres
Oct. 19, 2011
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Korea, France to hold seminar on nuclear power promotion
The Korea Nuclear Energy Promotion Agency will hold a seminar to raise awareness of nuclear power on Friday at the National Assembly, KONEPA officials said Wednesday.A series of events hosted by KONEPA including Friday’s seminar and workshops have been taking place to ease public anxiety after the J
Oct. 19, 2011
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S. Korea, Brazil agree to boost trade, investment
SEOUL, Oct. 19 (Yonhap) -- South Korea and Brazil have agreed to expand their bilateral trade and investment as part of efforts to boost their overall economic cooperation, officials said Wednesday. The countries also shared the view that they and other emerging countries should keep their fiscal he
Oct. 19, 2011
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Trade surplus with 5 FTA partners more than doubles
South Korea saw its trade surplus with five economic entities with which it has free trade agreements more than double last year, as trade volumes with them surged on the back of the deals, a report showed Tuesday.According to the report compiled by the trade ministry, South Korea logged a combined
Oct. 18, 2011