Most Popular
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US girding for possibility of N. Korea taking most provocative military actions in decade near election: NBC
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[Weekender] 'Blood doesn't make family, love does'
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Austin to attend trilateral talks with South Korean, Japanese counterparts in Singapore: Pentagon
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Battle of petitions is latest in Hybe-Ador dispute
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Test finds kids' accessories from AliExpress, Shein to be tainted with toxic chemicals
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[KH Explains] US crackdown on Chinese connected vehicles unsettles Korea
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[AFRICA FORUM] Korea-Africa forum explores pathways to prosperity
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70% of part-timers positive toward robots at businesses
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NewJeans' new album sells over 800,000 on release day
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S. Korea completes development of L-SAM defense system
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G-Star launches with an array of mobile games
BUSAN ― As the country’s largest game trade show G-Star launched on Thursday, it showcased games designed exclusively for smartphones, the most attention-grabbing trend for this year.Mobile game firm Com2us, which set up its booths at G-Star for the first time, featured up to 15 new mobile games, including “Tiny Farm,” “Escape the Ape,” “Puzzle Family” and “MiniGame Paradise.”“The competitiveness and graphic quality of mobile games are now meeting users’ expectations,” said a Com2us official.Wem
Nov. 10, 2011
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Samsung introduces new Slate PC
Samsung Electronics on Wednesday unveiled its brand new “Slate PC Series 7,” the combination of a tablet and a laptop.The Samsung’s latest PC, running Microsoft’s Windows operating system, offers the key functions of tablet PCs such as e-books and mobile applications, the tech giant said.“The Slate PC reflects the consumer demands for a device that puts together the benefits of tablets and laptops,” Samsung’s executive vice president Nam Seong-woo said during a media event at the company’s headq
Nov. 9, 2011
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KONEPA to host art festival during 2012 nuclear summit
The Korea Nuclear Energy Promotion Agency and the 2012 Seoul Nuclear Security Summit Preparatory Secretariat will co-host the International Children’s Peace Art Festival in celebration of the summit forum in Seoul early next year, KONEPA officials said Wednesday.The event will be held on the sidelines of the global summit in March and it is expected to raise the next generation’s awareness of the peaceful use of nuclear energy, the officials said. Participants will be creating paintings on given
Nov. 9, 2011
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Business backing helps Korean sports flourish
Conglomerate chiefs bring funds, facilities and passion to sportsSports in Korea, as with many other areas of Korean society, have advanced at a rapid pace.In some fields such as archery, golf and wrestling, the country has grown to be a force to be reckoned with on the international stage in a relatively short period of time.While the sports themselves are very different, they have one common theme: backing from a business tycoon.Archery in the Olympic Games has been dominated by Korea for dec
Nov. 9, 2011
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Samsung top mobile phone vendor in 3 of 6 regions
Samsung Electronics Co., the world’s No. 2 handset maker, was the biggest mobile-phone vendor in three out of six regions in the third quarter, including Western Europe, a market report showed Wednesday.The report released by Strategy Analytics also noted that Samsung is closely competing with Nokia Corp., the world’s top handset maker, for global dominance as the Finnish firm lost ground in America and Western Europe. Samsung shipped 89.5 million handsets worldwide in the July-September period,
Nov. 9, 2011
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SK tries to keep calm over probe
SK Group has come under pressure once again to explain a string of scandals surrounding its chairman Chey Tae-won and his younger brother and vice chairman Jae-won after prosecutors raided the conglomerate’s headquarters in Seoul on Tuesday.Investigators are trying to untangle a web of suspicion involving the chairman’s 100 billion won ($89.4 million) loss from futures trading, group subsidiaries’ 280 billion won investment in a financial firm owned by a former executive and an alleged slush fun
Nov. 9, 2011
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Toyota recalls 550,000 cars globally
TOKYO (AP) _ Toyota Motor Corp. is recalling about 550,000 vehicles worldwide _ mostly in the United States _ for possible problems related to the crankshaft pulley on the engine that could make it harder to steer.Toyota's U.S. sales unit said in a statement Wednesday that if the problem isn't corre
Nov. 9, 2011
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Hyundai Heavy raises bet on earth-moving equipment
Hyundai Heavy Industries Co. is raising its bets on the construction equipment business as it begins making compact wheel loaders at its new factory in China.The world’s top shipyard said Tuesday it had completed the $49 million plant in Tai’an in eastern China with an annual capacity of 8,000 five-ton and three-ton wheel loaders, which are used to scoop up and move materials such as dirt and sand.“The company plans to set the plant as another base for growth in the world’s largest wheel loader
Nov. 8, 2011
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Samsung drops development of active shutter 3-D TVs
Samsung Electronics Co., the world’s top TV maker, said Tuesday that it has scrapped its plan to develop 3D TVs with RealD Inc. amid lingering uncertainties in the global TV market. A Samsung spokesman said that the company is no longer pursuing the development of the active shutter 3D TVs in a deal that was announced earlier this year with RealD, a 3D technology licensor based in California in the United States. Samsung Electronics plans is focusing on development and production of active shutt
Nov. 8, 2011
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Korea Post to slash banking fees
Korea Post, the state-run postal service agency, said Tuesday it plans to abolish or sharply reduce fees for financial transactions at post offices nationwide.To be implemented later this month, the new policy entails an exemption of all banking costs for low-income Koreans, people with disabilities, teen heads of household, college students, veterans and patriots.The agency also said it will scrap or cut 35 types of charges by up to 54 percent, such as for automated teller machines, wire transf
Nov. 8, 2011
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Google to keep Android free
Google chairman Eric Schmidt said Tuesday that the Internet giant’s purchase of Motorola Mobility would not affect partnerships with other handset makers, including Samsung Electronics.“We will run (Motorola) sufficiently and independently in a way that will not violate Android’s openness. We are not going to change in any material way the way we operate,” Schmidt said at a press conference on a visit to Seoul.The comment came when he was asked about the closed conversations with Samsung executi
Nov. 8, 2011
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Department stores agree to lower commission fees
The Fair Trade Commission said Tuesday it reached an agreement with the nation’s top three department stores to lower their commission fees by 3-7 percent immediately for almost half of their small- and medium-sized vendors. The antitrust regulator expected that 1,054 companies would benefit from the cuts. Lotte Department Store, the nation’s No. 1 retail chain, will benefit the largest number of companies, 403, or 50.4 percent of its smaller contractors, while Shinsegae and Hyundai will cut com
Nov. 8, 2011
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Prosecutors raid SK affiliates over embezzlement allegations
SEOUL, Nov. 8 (Yonhap) -- Prosecutors raided the offices of two affiliates of the South Korean conglomerate SK Group early Tuesday as part of an investigation into allegations that the founding family misappropriated company funds. Scores of prosecutors searched the offices of SK Holdings Co.,
Nov. 8, 2011
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LG Chem secures grip on Europe’s smartgrid market
LG Chem signed a long-term contract with the Switzerland-based electric engineering firm ABB Group to supply parts for an energy storage system on Monday.Energy storage system or ESS is used in smart grid networks to store electricity before transmitting power to specific locations when required.Under the contract, LG Chem will supply lithium ion batteries and a battery management system to ABB. The Korean firm said that for the first collaborative project it will produce batteries for use in a
Nov. 7, 2011
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Hyundai Group to join consortium to offer new telecom services
Hyundai Group said Monday the company would bid to become the country’s fourth telecom along with a consortium led by the Korea Federation of Small and Medium Business.Hyundai Group’s affiliates such as Hyundai Securities and Hyundai U&I notified the consortium, called Internet Space Time, of their participation in the process, saying it would invest about 180 billion won, according to Hyundai officials. The total investment sum, however, may change, officials added.“It’s true that we’ve decide
Nov. 7, 2011
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Google to support Korean software globalization
Schmidt meets President Lee, chiefs of SK Telecom, KT and LG Uplus to discuss possible cooperationGoogle chairman Eric Schmidt pledged to support the globalization process of local software and content beginning next year in a meeting with President Lee Myung-bak on Monday.As part of a project called “Korea Go Global,” Google will offer a local software developer support program for it to gain global competitiveness, according to Google officials.As an exemplary case, the U.S.-based software gia
Nov. 7, 2011
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Orion expects overseas sales to be boosted by Chinese arm
HONG KONG (Yonhap News) ― Orion Corp., South Korea’s second-largest confectionery company, expects that its overseas sales will grow next year, largely driven by robust sales in China, company officials said Monday.The company, best-known for its hallmark “Choco Pie,” projected that its overseas sales will grow 28.4 percent to 1.31 trillion won ($1.17 billion), likely to surpass its domestic sales for the first time. Orion officials said China accounts for more than 80 percent of its overseas sa
Nov. 7, 2011
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Google chief vows support for Internet start-ups in Korea
Schmidt meets with President Lee, IT firms’ chiefs on cooperation in ’smart era’Google chairman Eric Schmidt pledged to support Internet startups in Korea and create a K-pop-only channel on YouTube in the world’s most popular search engine.Schmidt, who currently serves as the board executive chairman of Google, disclosed the pledges during his meeting with President Lee Myung-bak at Cheong Wa Dae on Monday, presidential officials said.The two leaders also shared the view that Google and Korea’s
Nov. 7, 2011
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FTC probes shoemakers for exaggerated ads
Korea’s Fair Trade Commission launched a probe into major footwear makers including Reebok, Ellesse and New Balance over ads allegedly exaggerating the shoes’ therapeutic benefits.According to the local press on Monday, the FTC has embarked on a comprehensive investigation of 11 shoemakers in Korea to check whether they put out exaggerated ads. “The FTC is currently collecting marketing, sales and product data from local shoemakers,” an industry source was quoted as saying. The crackdown comes a
Nov. 7, 2011
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Cyworld starts global services in 7 languages
Cyworld has launched global services in seven languages on Monday amid the soaring popularity of Facebook in Korea. This is the second try for the homegrown social networking service with 23 million registered local members to go global following its failed attempt in 2005. “We failed because we tried to localize our services. But this time we aim to introduce a unique Cyworld platform for foreign users,” said Joo Hyung-chul, president and CEO of SK Communications, the operator. The CEO stressed
Nov. 7, 2011