Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Police officer jumps barefoot into drainage tunnel to save man
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Yoon interacts with public for 1st time since election defeat
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Lee Sun-kyun's posthumuous film to hit theaters in August
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SK Communications releases new mobile messenger service
SK Communications said Wednesday it launched a new mobile messenger service called “NateOn talk” for Android-powered smartphones, claiming it aims to garner up to 10 million users by the year end.SK Communications, operator of the country’s popular social networking site Cyworld, said the new mobile messenger will feature short messaging and mobile voice over Internet protocol services, along with
July 20, 2011
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Miele to strengthen dominance in upscale household appliances
Miele International, a German manufacturer of high-end home appliances, said Wednesday that it will keep its premium pricing strategy despite expectations that the company could lower product prices here following the Korea-EU free trade agreement. Markus Miele (Miele Korea)“We also do not consider any dramatic price increase for now, even though raw material costs have soared recently,” Markus M
July 20, 2011
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LG Chem logs high sales, Hana Financial profits up
LG Chem, the nation’s leading chemical company, on Wednesday logged record-high quarterly sales of 5.69 trillion won ($5.3 billion) for the second quarter of this year to record a 13.4-percent increase from last year.Operating profit and net profit, however, declined on the back of sluggish market conditions and soaring material costs, the company said. Operating profit stood at 775.4 billion won,
July 20, 2011
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GS Group chief stresses innovation
GS Group chairman Huh Chang-soo called on group executives to go beyond developing new products and services as the group aims to become an “ultra first-rate” corporation. Huh Chang-sooSpeaking at the executives meeting for the third quarter on Wednesday, Huh also said that corporations need to go beyond developing new products and services if they are to address current issues.“The aim of managem
July 20, 2011
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LG Innotek touted for mutual growth efforts
LG Innotek, the LG Group’s component-making affiliate, received the highest score in its cooperative business partnership with smaller businesses, the state-run antitrust regulator said Wednesday.The Fair Trade Commission conducted an evaluation of 21 major conglomerates that have signed a “shared-growth agreement” between March and June. A total of 93 major businesses here have agreed to the volu
July 20, 2011
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LGE making ripples with water treatment drive
Global electronics maker building reputation to attain industry leadershipLG Electronics is increasing the drive to ratchet up its market share in the water treatment industry, a move considered to be both timely and lucrative due to the mounting concerns for water shortage amid a global initiative to promote eco-friendly growth. “Climate change and environmental pollution are expected to continue
July 20, 2011
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Overseas projects fuel KEPCO’s growth
Power plants, resource development complement KEPCO’s business modelKorea Electric Power Corp.’s rapidly expanding overseas portfolio is fueling the company’s growth and its drive to become one of the top five players in the world’s power industry.Earlier this year, the company announced a set of long-term plans under which it aims to raise its annual sales to 85 trillion won ($80.5 billion) by 20
July 20, 2011
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Iran warns it may halt crude supplies to India
TEHRAN (AFP) ― Iran on Tuesday issued a new warning that it will halt supplies of crude to India unless the issue of billions of dollars in overdue payments is resolved.“If the Iranian side feels it cannot receive the money for its exported oil punctually and under desirable conditions, it will reconsider” its crude exports to India, foreign ministry spokesman Ramin Mehmanparast told his weekly pr
July 20, 2011
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PCs start to look like tablets
iPad’s advantages make it a threat to entire computer marketNEW YORK (AP) ― The response by computer makers to the iPad stealing sales from them: Make their PCs more like iPads.The “if you can’t beat ‘em, join ‘em” strategy is prompting a wave of experimentation with the design of the laptop, which has been largely unchanged for two decades. Touch-sensitive screens and the use of Google’s Android
July 20, 2011
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Apple directors talked CEO job with recruiters: report
July 20, 2011
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S. Korea unveils new light airplane
South Korea introduced its first indigenous private aircraft Wednesday in a ceremony also marking the first flight of the light passenger plane, named "Naraon."The plane was unveiled by Korea Aerospace Industries Ltd. (KAI) in Sacheon, 437 kilometers southeast of Seoul. It is the first non-military aircraft developed and built by South Korea, according to the Ministry of Land, Transport and Mariti
July 20, 2011
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LG CNS picked as provider of system to integrate Colombian transport network
Korea’s cutting-edge transportation IT infrastructure will be introduced in Colombia as LG CNS, Korea’s tech firm, won the $300 million project to set up an intelligent transport system in Bogota, the company said on Tuesday.Bogota, Colombia’s capital, is one of the three biggest cities in Central and South America. Under the deal, LG CNS will establish systems for bus management, as well as issua
July 19, 2011
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Louis Vuitton to pull out of Lotte duty free shop in COEX
Louis Vuitton has decided to close a store at Lotte Duty Free Shop in COEX, citing recent slowing sales there. According to industry sources on Tuesday, the French brand will not renew its contract with Lotte, set to expire in December, and will withdraw the store.“We have informed Lotte about the withdrawal because of poor sales,” a Louis Vuitton official said in an interview. A pedestrian looks
July 19, 2011
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Korean robotics industry bursting into bloom
Market for robots nearly doubles to 1.93tr won in 2010Korea’s robotics industry is making rapid headway as local developers chalked up record growth in output, sales and exports last year on the back of surging investment in factories, a government study showed Tuesday.According to the survey by the Korea Association of Robot Industry of 395 firms, their combined sales nearly doubled to 1.93 trill
July 19, 2011
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Foxconn-Sharp ties aimed at countering Samsung, LG
HONG KONG (Yonhap News) ― The recent alliance between Taiwanese manufacturer Foxconn Technology Group and Japan’s Sharp Corp. will likely present a counterweight to South Korean liquid crystal display makers that have been dominant players in the global LCD market, an expert said Tuesday.Foxconn, the world’s largest contract electronics maker, agreed with the Japanese electronics giant last week t
July 19, 2011
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New mobile carrier unlikely to bring much change to market
The Korea Federation of Small and Medium Business is looking to set up a fourth mobile telecom services provider, but the market divided among three long-established giants is likely to hinder the would-be telecom operator.At present SK Group’s SK Telecom is the market leader with over 50 percent market share, followed by KT Corp., which accounts for about 35 percent of the market.LG Uplus, which
July 19, 2011
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BMW biggest 1-Series seen catching Audi in luxury market: Cars
Bayerische Motoren Werke AG is rolling out a bigger 1-Series compact car to surpass Audi in the competition for younger customers purchasing entry-level luxury autos. BMW’s smallest model will add more than 3 inches in length and about 1 inch in width, allowing for a roomier interior and more trunk space, the carmaker said. The vehicle’s starting price will be 23,850 euros ($33,480) in Germany, 90
July 19, 2011
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IBM’s services signings surge, stock rises
July 19, 2011
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Samsung Electronics Co. issued another apology Tuesday over malfunctions of its air conditioners as consumer complaints escalated despite its decision to recall affected products. Earlier this month, Samsung said that it will recall four air conditioner models sold in South Korea between January and June of this year, as the software program caused air conditioners to malfunction. (Samsung Electronics Co.)
July 19, 2011
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S. Korea's state auditor to probe KTX breakdowns
South Korea's state auditor is expected to conduct a special probe as early as later this month to determine the cause behind the frequent malfunctions involving the country's high-speed trains, an official source said Monday.The source said Board of Audit and Inspection (BAI) chairman Yang Kun stressed at a meeting of senior officials that there is a need for a full and detailed examination into
July 19, 2011