Most Popular
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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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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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Controversy brews over shakeup of prosecutors amid probe of first lady
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OpenAI gives ChatGPT new powers to see, hear
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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S. Korea to inject $70m into AI-powered public education
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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Korean industries gauge impact of Biden's steep tariffs on China
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Samsung gains ground in Apple patent war
Samsung Electronics is gaining momentum in its patent battle with Apple after a U.S. court rejected the iPhone maker’s request for a preliminary injunction against the sale of its mobile devices.The South Korean tech giant scored the legal victory on Friday following a win in its appeal against a sales ban of its tablet PCs in Australia last week. Apple sued Samsung in the U.S. in April, saying Samsung’s Galaxy line of mobile phones and tablets “slavishly” copies its iPhone and iPad.But on Frida
Dec. 4, 2011
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Refiners’ earnings surge on exports
Korea’s four major refiners saw more than 40 percent growth in earnings on average this year as petrochemicals exports spike despite a dim outlook for the global economy.SK Innovation, GS Caltex, S-Oil and Hyundai Oilbank were among few local corporations that enjoyed brisk third-quarter results as persistent global economic uncertainties slacken exports. Large firms’ revenue fell almost 40 percent during the three month period.The four refiners control more than 90 percent of total domestic pet
Dec. 4, 2011
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Booyoung supports education in Sri Lanka, East Timor
Booyoung Group said Sunday it hosted a graduation ceremony for Sri Lankan primary school students last week as part of its social contribution activities.The construction-focused conglomerate said the South Asian country’s education ministry suggested that it hold the ceremony on Dec. 2 in the capital city of Colombo in recognition of its donation of 3,000 digital pianos and 30,000 blackboards last year. Later in the day, Sri Lankan President Mahinda Rajapakse invited the Korean company’s chairm
Dec. 4, 2011
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Yuhan-Kimberly honored with presidential citation
Yuhan-Kimberly, Korea’s leading hygiene products maker, has won a presidential citation for its innovative efforts to protect consumer rights, the company said last week. The company was awarded the top honor in celebration of Consumer Rights Day, which falls on Dec. 3 every year. A joint venture of Korea’s Yuhan Corp. and U.S.-based Kimberly-Clark Corp., the company was established in 1971. Under the leadership of CEO Choe Kyoo-bok, who took office in 2010, the company is also striving to expan
Dec. 4, 2011
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Oh to head KOTRA
Oh Young-ho, executive vice chairman of the Korea International Trade Association, was named the president of the Korea Trade-Investment Promotion Agency.Starting Monday, Oh will succeed Hong Suk-woo who took office as the minister of knowledge economy two weeks ago.Having entered public service in 1980, Oh has served as the chief of the organizing committee of the Seoul G20 Business Summit and first vice minister of commerce, industry and energy, before the Ministry of Knowledge Economy receive
Dec. 2, 2011
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Electricity rates raised by 4.5%
Electricity rates will be raised by 4.5 percent on average starting Monday, with prices of high-voltage power for industrial use going up by 6.6 percent, to induce a reduction in power consumption, the Ministry of Knowledge Economy said Friday.High-voltage, industrial power consumers account for 51.5 percent of the nation’s electricity consumption, followed by households (14.6 percent).Electricity rates for housing and farming will remain unchanged, while the rates for four other categories ― in
Dec. 2, 2011
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Asiana wins another honor as ‘Airline of the Year’
Asiana Airlines was named “Airline of the Year” by a U.S. travel magazine, becoming the first air carrier to win the top award from three different institutions for three years in a row.The Global Traveler named Asiana the “2011 Airline of the Year” and the top airliner in six other categories. Asiana had been named “Airline of the Year” by the industry publication Air Transport World in 2009 and consultancy Skytrax last year. The Global Traveler awarded winners in 68 travel-related categories,
Dec. 2, 2011
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LG Display CEO replaced
LG Chem CEO Kim retained; LG Display’s Kwon moves to Chem’s new battery unitLG Display named Han Sang-beom, head of the company’s television business division, as its new CEO, replacing Kwon Young-soo, in a reshuffle on Friday.Kwon will move to head the new battery project unit at LG Chem, which will focus on work related to secondary batteries, such as small batteries, electric car batteries and those used for energy storage, according to LG officials.Kim Bahn-suk, chief executive and vice chai
Dec. 2, 2011
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Hyundai Steel exports large machinery plate rollers
Hyundai Steel Co. said Thursday it will supply 5-meter-wide steel plate rollers to India’s Essar Steel Ltd., becoming the first Korean company to enter the market for the large machinery.Only six companies in Germany, Japan and Sweden have so far manufactured rolling machines for steel plates with a width of more than five meters. The annual global demand for the super-wide rollers amounts to 250 million tons, 12 percent of which is from Korean steelmakers such as POSCO, Hyundai Steel and Dongku
Dec. 1, 2011
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Makgeolli exports to surpass $50m mark
This year’s exports of makgeolli, a traditional Korean rice wine, are set to surpass $50 million for the first time on a sharp rise in demand from Japan and China. According to the Korea Customs Service, 37,027 tons of makgeolli worth $45.29 million were exported in the 10 months to October, about triple the amount sold abroad in the same period last year. Korea saw $15 million in makgeolli exports (15,543 tons) in January-October 2010. The country’s exports of the rice wine in 2010 amounted to
Dec. 1, 2011
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Air France-KLM official honored by French Embassy
The Korean unit of Air France-KLM SA said its airport chief Lee Young-kil recently received an award from the French Embassy in Seoul for his contribution to the two countries’ economic and business ties.Lee serves the European airline as station and service manager at Incheon International Airport.The National Order of Merit award was created in 1963 by former French President Charles de Gaulle to honor military forces and civilians for their devotion to the country.“Lee has always provided a v
Dec. 1, 2011
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Woongjin takes LG to FTC in spat over water purifiers
Woongjin Coway said Thursday it filed a complaint with the Fair Trade Commission against LG Electronics’ sales outlet chain, accusing it of spreading false information about its water purifier products.Woongjin Coway, the nation’s top maker of water purifiers, has continued to criticize the electronics giant for entering its business two years ago. Water purifiers were excluded from the latest list of business areas that should be left for only small and medium-sized companies announced by a gov
Dec. 1, 2011
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SKT starts fair price system for phones
SK Telecom, the nation’s largest telecom operator, started selling mobile phones at fixed prices in its all on- and offline outlets nationwide Monday. The government plans to implement the fair price initiative in the telecom industry from January, aiming to revolutionize its retail structure. Thus far, vendors have lured customers with “free phones” explaining the normal benefits for long-term subscribers as special discount deals. However, under the new system, they are required to offer their
Dec. 1, 2011
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REVISION PLEASE USE French chamber to hold year-end gala with korean celebrities
French Chamber to hold year-end gala with Korean celebs By Yoav Cerralbo The French Korea Chamber of Commerce and Industry will hold a year-end gala on Saturday, which officials said will toast the new business opportunities brought by the EU-Korea Free Trade Agreement.The officials said the event at the Grand Hyatt hotel will be attended by L’Oreal model and “Lost” actress Kim Yun-jin and Miss Korea 2010 Jung So-Ra.“The chamber’s gala is a unique way to highlight the French-Korean relations wit
Dec. 1, 2011
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Telecom regulator to censor SNS, mobile apps
Telecom authorities plan to censor social networking services and mobile apps starting as early as next Wednesday, the Korea Communications Committee said Thursday.A review committee at the state-run telecom regulator on Thursday discussed a revised bill to set up a new team responsible for examining offensive and immoral content in new media. The revision also contains separate teams to monitor terrestrial radio stations and general programming channels that were newly launched on Thursday.Howe
Dec. 1, 2011
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Samsung chief rules out promotion of heir apparent
Chairman Lee pledges to make active investments next yearSamsung Electronics chairman Lee Kun-hee said Thursday his heir apparent and the company’s chief operating officer Jae-yong, and daughter and Cheil Industries’ No. 2 Seo-hyun will not be promoted in the group’s new management lineup set to be announced soon.“The position and role of Lee Jae-yong will remain unchanged and the same goes for Lee Seo-hyun,” he said in a meeting with reporters ahead of the group’s annual award ceremony held at
Dec. 1, 2011
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Exports of makgeolli set to top $50 million in 2011
This year’s exports of makgeolli, a traditional Korean rice wine, are set to surpass $50 million for the first time on a sharp rise in demand from Japan and China.According to the Korea Customs Service, 37,027 tons of makgeolli worth $45.29 million were exported in the 10 months to October, ab
Dec. 1, 2011
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LG Electronics promotes TV chief in reshuffle
Tech giant plans to create new chief operating officer position next yearLG Electronics announced Wednesday it promoted 43 executives in its year-end reshuffle, including TV chief Kwon Hee-won to president of the company’s home entertainment unit.The promotions, approved by the board committee, include one president, one executive vice president, 11 senior vice presidents and 30 vice presidents, according to LG officials.The group’s flagship unit also created a new chief operating officer positi
Nov. 30, 2011
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Hi Mart feud ends with leadership deal
Hi Mart and its major shareholder Eugene Corp. reached an 11th-hour compromise Wednesday on the new leadership of the nation’s largest electronics appliance retailer, ending a week of feuding over the control of management.During a general meeting in the morning shareholders approved an agreement calling for the so-called “dual-CEO” system in which both Hi Mart CEO Sun Jong-koo and Eugene CEO Yu Kyung-sun control the retailer.Industry sources said that Sun and Yu had no choice but to strike a de
Nov. 30, 2011
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Korea develops unmanned tiltrotor aircraft
Korea on Wednesday unveiled its first unmanned tiltrotor aircraft, capable of vertical takeoff and landing as well as high-speed navigation.The Ministry of Knowledge Economy and the Korea Aerospace Research Institute disclosed the new “smart” aircraft at the aerospace center in Goheung, South Jeolla Province.The state-funded aerospace think tank is negotiating with government agencies for commercial use of the vehicle. “We have just completed the research and development program, and are in talk
Nov. 30, 2011