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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Why Korean crime stories typically feature nameless, faceless perpetrators
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Debate on 'no-seniors zones' heats up
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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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Korean high-speed train halts again due to brake system malfunction
High-speed KTX-Sancheon train was launched in March, 2011. (Yonhap News)CHILGOK - A high-speed KTX-Sancheon train from Seoul abruptly stopped Saturday in the southern part of the country for nearly an hour due to an apparent malfunction in its brake system, officials said.The train came to an unscheduled halt at 3:13 p.m. near Gimcheon, some 234 kilometer south of Seoul, on its way to Masan on the
May 15, 2011
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Samsung Heavy filed for 1,099 patents in 2010
Samsung Heavy Industries Co. applied for 1,099 patents last year, industry sources said Friday.The company is the first in the industry to have applied for more than 1,000 patents in one year.During the same period, the world’s largest shipbuilder Hyundai Heavy Industries Co. applied for 844 patents, while Daewoo Shipbuilding and Marine Engineering Co. made 665 patent applications. According to in
May 13, 2011
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Korean Air wins award for in-flight meals
Korean Air announced Friday that it received the top prize for in-flight meals in the 2011 World Traveller Awards.Organized by China’s largest travel magazine World Traveller, the annual event awards carriers that operate routes to China in 10 categories including in-flight meals.Korean Air said that it was selected for the award for its efforts in raising the quality and diversity of in-flight me
May 13, 2011
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Global resource consumption to triple by 2050: U.N.
UNITED NATIONS (AFP) ― Global consumption of natural resources could almost triple to 140 billion tons a year by 2050 unless nations take drastic steps, the United Nations warned Thursday.A U.N. environment panel said the world cannot sustain the tearaway rate of use of minerals, ores and fossil and plant fuels. It called on governments to “decouple” economic growth from natural resource consumpti
May 13, 2011
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China may limit rate increases after raising bank reserve ratio
China may limit interest-rate increases over the rest of the year, focusing on other tools for combating inflation as the government seeks to cool prices without choking off growth. The central bank Thursday raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for the nation’s biggest lenders to a record 21 percent. The
May 13, 2011
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Debt crisis may still spread to core: IMF
May 13, 2011
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Korea to curb rise in farm emissions
South Korea plans to considerably decelerate the growth in greenhouse gases emitted by the country’s farming sector as part of its broader efforts to help stem global warming, the government said Thursday.The plan also calls for increasing the country’s overall greenhouse gas absorption capabilities by around 6 percent over the next decade, the Ministry for Food, Agriculture, Forestry and Fisherie
May 12, 2011
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Korean Air to hire 500 more flight attendants
Korean Air, the country’s No. 1 air carrier, said Thursday that it will recruit an additional 500 flight attendants this month.The recruitment, which is on the largest scale ever, comes shortly after the company hired a total of 500 employees in February and March, company officials said.The air carrier also said that it will hire another group of 500 in the latter half of this year, which means 1
May 12, 2011
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Google’s Android dominates OS market, boosted by key vendors
Recent research has found that more than three in 10 wireless gadget users own an electronic device that runs on Google’s Android mobile operating system, putting strong emphasis on its openness.According to a market research firm Strategy Analytics’ data, the Android OS garnered a 35.9 percent share in the global OS market, followed by Nokia’s Symbian and Apple’s iOS with 26.3 percent and 18.1 pe
May 12, 2011
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Samsung ‘unfazed’ by competition
Group’s semiconductor chief skeptical of Elpida’s DRAM chip claimsSamsung Electronics appeared to be keeping its cool despite concerns about intensifying competition posed by global IT companies such as Apple, Elpida and Intel, with officials saying there was no cause for real alarm.In addition to the latest move from Apple Inc., which in April sued Samsung for copyright infringement ahead of the
May 12, 2011
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LG announces mutual growth scheme
40 billion won R&D plan to start with focus on boosting productivityLG Electronics said Thursday that it will invest 40 billion won ($36.86 million) in research and development with its subcontractors for the next five years as part of its mutual growth plan.In a meeting with about 200 subcontractors at its R&D Center in southern Seoul, the company’s vice chairman Koo Bon-joon said they were all i
May 12, 2011
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LG Chem to place bigger emphasis on batteries
LG Chem plans to have half of its business in batteries and information materials by 2015, based on the belief the sectors will lead the firm to join the ranks of global top-tier companies. “Our business focus on batteries and information materials will be increased to become on par with our petrochemical division,” Kim Bahn-suk, vice chairman and CEO of the nation’s leading chemical company, told
May 11, 2011
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KTX-II train examined due to structural fault: sources
One of the 19 KTX-Sancheon high-speed trains has been pulled off line as the system is now under examination by the manufacturer due to a serious structural fault, sources said Wednesday. KTX-Sancheon, or KTX-II, is the first high-speed train produced with locally developed technology that went into service early last year. The train has been in the spotlight in recent months due to frequent break
May 11, 2011
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Samsung denies reports of abandoning solar batteries
Samsung Group on Wednesday denied news reports that its owner Lee Kun-hee instructed his company to reconsider the plans for developing solar batteries, saying Samsung has already earmarked the business as one of its future engines of growth.“We will continue to push forward in the (solar battery) business,” said Rhee In-yong, vice executive president of Samsung’s communications team, in a press b
May 11, 2011
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Korean Air refuses to let cancer patient onto flight
Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board
May 11, 2011
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Event to bring massive economic benefits for Korea
The International Exposition Yeosu Korea 2012 that will open its doors to visitors on May 12, 2012, is expected to bring more than visitors to South Korea.According to the organizing committee for Expo 2012 Yeosu Korea and local think-tanks, the cost of building the facilities and operating them for the three-month event will be about 2.1 trillion won ($1.9 billion).While significant, the figure i
May 11, 2011
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Lee Kun-hee names new chief secretary
Samsung C&T Corp.’s executive vice president Park Pil was appointed as the head of Samsung Electronics chairman Lee Kun-hee’s assistant team on May 1.Operating under the chief of Samsung’s corporate strategy office, the head of the chairman’s assistance team is widely considered to be an important step on the way to key posts within Samsung Group.Although the team acts as the chairman’s assistance
May 11, 2011
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Expo packed with cultural events
The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development.However, organizers also have a host of cultural events to entertain visitors.During the 93-day expo, more than 3,200 performances and other cultural events will take place within the grounds.The performances and events planned
May 11, 2011
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Yeosu Expo to present future of marine development
Organizing committee steps up efforts for flawless Exposition opening next MayThe International Exposition Yeosu Korea 2012 is now a year away from its opening and its organizers are stepping up the efforts to bring preparations to a smooth close. The event, held under the theme “Living Ocean and Coast” will be held in Yeosu, South Jeolla Province from May 12 to Aug. 12.According to the Expo organ
May 11, 2011
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Korean Air refuses to let cancer patient onto flight
Korean Air denied a terminal cancer patient in the United States a seat on a flight to Korea because she “looked too frail.”Crystal Kim, a Korean-American with stage 4 breast cancer, was to take the flight on Saturday for Mother’s Day. Even though she had two doctors’ notes explaining that her terminal breast cancer wouldn’t be a problem during the flight, Korean Air still refused to let her board
May 11, 2011