Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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CIO chief nominee to explain allegations at confirmation hearing
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Yoon vows to run country 'rightly' on Buddha's birthday
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Why Korean crime stories typically feature nameless, faceless perpetrators
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[Bridge to Africa] S. Korea-to-Zimbabwe value chains can foster ‘win-win’ cooperation
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Choi joins with SKT to help underprivileged youth
Players champion donates W100m to build youth center in North JeollaChoi Kyoung-ju, the first Asian to win the Players Championship earlier this month, offered to donate 100 million won ($92,353) to establish a youth support center in North Jeolla Province at an event in Jeju on Saturday.In a joint effort with SK Telecom, Choi’s donation will be used for establishing a “1318 Happy Zone” center for
May 22, 2011
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HTC ups commitment to woo Korean consumers
Jack Tong, president of HTC’s North Asia markets, on Friday pledged to beef up commitment on the observation that Korea is a “difficult place” for a foreign brand to succeed mainly due to the competition posed by strong local brands.“I have to admit it is not easy. The Korean market is the most difficult and challenging market for foreign brands,” Tong said. “It’s difficult for the foreign brands
May 20, 2011
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SKT Wi-Fi zone would be exclusive
SK Telecom plans to shut down its free wireless Internet services to subscribers of other mobile carriers starting from July, stoking discontent among smartphone users.The country’s largest mobile carrier said Thursday it would change its Wi-Fi operation policy and only open the service to subscribers of SKT beginning on July 1.“The measure has been drafted for our own customers to enjoy the servi
May 20, 2011
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Neowiz COO picked as game group head
The Korea Association of Game Industry announced Friday that it seated Choi Kwan-ho, chief operating officer of Neowiz Games, as its chairman, filling in the position which was left vacant for three months.In a press conference held in southern Seoul, Choi said he plans to file a constitutional petition in protest of the government’s decision to implement the new “Cinderella law” later this year.T
May 20, 2011
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Samsung C&T leads green innovation in construction
Samsung C&T Corp., the country’s No. 2 builder, is strengthening its eco-friendly capabilities to take the lead in applying green technologies to the construction sector.The company, which developed the zero-energy building Green Tomorrow, has been strengthening research and development efforts, as well as securing a pool of experts. Green Tomorrow contains 68 eco-friendly technologies, allowing t
May 19, 2011
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STX Heavy signs W3tr Iraq power plant deal
STX Heavy Industries Co. announced Thursday that it has signed a 3 trillion won ($2.77 billion) contract to build power plants in Iraq.The contract was signed in Baghdad at a ceremony attended by STX Heavy Industries chief executive Lee Chan-woo, Iraqi Prime Minister Nouri al-Maliki and Electricity Minister Raad Shallal. STX Heavy Industries Co. and Iraqi officials including CEO Lee Chan-woo (thi
May 19, 2011
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Samsung wins award for 3-D TV
Samsung Electronics has received the Best in Show award for its 70-inch “Ultra Definition” 3-D technology at this year’s Display Week 2011, the company said on Thursday. The Society for Display, a leading global organization dedicated to electronic display technology and organizer of the event, announced the selection of Samsung Electronics at Display Week, which is being held in Los Angeles this
May 19, 2011
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POSCO Power completes first hydrogen fuel cell stack
The country’s first hydrogen fuel cell stack developed with local technology was completed, POSCO Power announced Thursday.Affiliate of the steelmaker POSCO, POSCO Power is the country’s largest private power generating firm.POSCO Power’s fuel cell stack has a generating capacity of 1.4 megawatts, which according to the company is sufficient to supply 1,600 households. POSCO Power employees work
May 19, 2011
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Pantech SKY unveils high-speed Vega Racer
Pantech SKY unveiled the world’s first Android-powered smartphone equipped with Qualcomm’s speedy 1.5 gigahertz dual core processor called Vega Racer on Thursday.The company said that its new smartphone with a 4.3-inch display screen would be available in four different colors and serviced by the country’s three telecom suppliers ― SK Telecom, KT Corp. and LG Uplus.“We attempted to upgrade the dua
May 19, 2011
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[News Focus] Mixed fate for Hynix, Korea Express
Two heavyweight firms up for grabs on local M&A marketThe company boasts a healthy financial report card, and has long-term expertise in logistics as one of the nation’s first logistics firms ― it was established in 1930. No one for Hynix Hynix, due to its heavy dependence on research and technology, is considered a business that is not as lucrative as expected because of the capital it is forced
May 19, 2011
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Overseas investment fair kicks off
The Korea Overseas Investment Fair 2011 kicked off Thursday in Seoul to provide Korean companies with comprehensive information on foreign investment, according to the Korea Trade-Investment Promotion Agency, its organizer. In the two-day event at COEX in southern Seoul, officials from 29 countries in Europe, Asia, Africa, the Middle East and Latin America had one-on-one meetings and discussed bus
May 19, 2011
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LS Cable and System develops power cable for airplanes
LS Cable and System, the country’s largest producer of cables and wires, announced Thursday that it has developed a cable for supplying power to airplanes, a first time for Korea. The cable was supplied to Incheon International Airport Corp. According to the company, the new cable is capable of carrying electrical currents of up to 400 hertz frequency, making the new product compatible with electr
May 19, 2011
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NHN posts solid figures in Q1
NHN Corp., an Internet content service operator, announced Thursday it recorded 517.3 billion won ($4.76 million) in operating revenue and 168.5 billion won in operating profit for the first quarter, both figures profiting from an increase in search advertisements.The company, well-known for its search engine Naver and online game site Hangame, said its operating revenue and operating profit surge
May 19, 2011
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Neowiz Games records highest quarterly earnings
Neowiz Games Corp., a Korean online game publisher, said Wednesday it reached 147.7 billion won ($136 million) in sales and 33.8 billion won in operating profit in the first quarter, breaking its quarterly record due to sharply rising overseas sales.The company, well-known for its game portal Pmang, expanded overseas sales by 141 percent ― taking up 48 percent of its overall sales ― compared to th
May 18, 2011
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KEPCO wins $46m power cable project in Dominican Republic
Korea Electric Power Corp., the state-run energy company, said Wednesday that it has won a $46 million order from the Dominican Republic to install power transmission lines in the Caribbean island nation.KEPCO said it signed the deal with the Dominican government on Tuesday in Santo Domingo, the country’s capital, to replace 400 kilometers of old power cables in three major cities there by May 201
May 18, 2011
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GS chairman Huh highlights challenge, innovation and practice
GS Group chairman Huh Chang-soo emphasized the value of challenge, innovation and practice at a forum with executives of the conglomerate’s affiliates Wednesday. The Value Creation Forum was created last year to “uplift and settle the significance of innovation and change” in the corporate culture by sharing successful cases of innovation management among affiliates, GS said. About 400 officials f
May 18, 2011
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Seoul-Busan KTX line cuts air travel to Gyeongsang
The number of people traveling the Seoul-Ulsan air route fell 39.4 percent since the last section of the Seoul-Busan high-speed railway was opened, the Ministry of Land, Transport and Maritime Affairs said Wednesday.The Seoul-Busan line connected the East Daegu-Busan line to the Seoul-East Daegu line that was completed earlier, and KTX high-speed trains began operating on the route on Nov. 1.Accor
May 18, 2011
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[Meet the CEO] Fuji Xerox aims to sell 100,000 printers
Company increases Korean sales target for this year to 80 billion wonWith a goal of selling 1 million printers in the Asia-Pacific region, Fuji Xerox Printers Korea plans on introducing its products to 100,000 people here this year.Hwang Yoo-chun, chief executive officer of the company, said that it has fixed its target at 100,000 printers in Korea alone, as well as 500,000 printers in China.“We’v
May 18, 2011
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Businesses fire up anti-smoking efforts
Companies use incentives, anti-smoking aids and negative evaluation to help smokers quitKeeping abreast with growing anti-smoking campaigns, major companies are stepping up efforts to drive cigarette smoke from the workplace. Some big companies use a “carrot and stick” policy, such as offering incentives, anti-smoking aids and even negative evaluation, to help employees quit smoking.The world’s fo
May 18, 2011
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Korea grants permanent residency to seven European businessmen
Korea granted permanent residency to seven European entrepreneurs on Tuesday, acknowledging their contribution to the country’s economic growth. The recipients have lived here for two to 13 years largely working for European investment firms and were recommended by the European Union Chamber of Commerce in Korea. The list includes Friedrich Stockinger, president of Trumpf Korea; Holger R. Doerre,
May 17, 2011