Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Yoon rebuffs opposition's call for special probe into wife
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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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Suzy, Park Bo-gum star in AI fantasy romance ‘Wonderland’
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Dog goes on incredible journey to make it back home, 41 days after going missing
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Businesses oppose early adoption of carbon trading
Korea’s major economic organizations called on the government Monday to significantly postpone its plan to introduce a carbon emissions trading system in 2012, saying it could hurt the country’s industrial competitiveness.The five economic organizations, including the Federation of Korean Industries, the largest industry lobby in the country, urged the government to delay the move at least until 2
Feb. 7, 2011
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Korean venture to buy U.S. hallyu site operator
Korea’s video search technology provider, Enswers Inc., said Monday that it has agreed to acquire a Silicon Valley-based online company, Soompi Media LLC, to create a U.S.-based Web portal for Korean pop culture and news.Under the agreement, Enswers will introduce this month a revamped service of Soompi.com powered by its own video search technology in a bid to bring Korean dramas, music, movies a
Feb. 7, 2011
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Kia Motors posts record monthly sales in China
HONG KONG (Yonhap News) ― Kia Motors Corp., Korea’s second-largest automaker, posted record-high monthly sales in China last month, backed by strong demand for its sport utility vehicle, company officials said on Sunday.In January, Kia Motors sold 38,858 units of vehicles in the world’s most populous country, up 22.7 percent from a month earlier and also 13.7 percent from the same period last year
Feb. 7, 2011
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LGD eyes Poland joint venture
LG Display Co., the world’s second-largest maker of liquid-crystal displays, said it’s in talks with TPV Technology Ltd. to form a venture in Poland to manufacture LCD modules and televisions.The venture will help reduce production costs by making TV parts and sets in one factory, Claire Ohm, a Seoul-based spokeswoman for LG Display, said in a telephone interview Monday. LG has similar operations
Feb. 7, 2011
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BAT Korea launches Kent Boost
British American Tobacco Korea said Monday it has launched Kent Boost, which offers two levels of menthol in one cigarette.The product is first of this kind in the country, according to the tobacco producer. It gives consumers an extra burst of menthol when they press the capsule in the filter, the firm said. “Kent is the second-largest premium brand globally (outside of U.S. and China) sold in ov
Feb. 7, 2011
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Entry barriers hurt Korean beer industry
Brewers say trade barriers must go to add color to Korean beer marketThink Korean beer. Now think of a Korean beer that’s not Hite or OB.That blank right there shows the space smaller breweries have been trying to fill in a market where the share between the big two is split nearly fifty-fifty. Many beer lovers crave diversity, finding local products “watery” and of lower quality when compared to
Feb. 7, 2011
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Korea Ginseng Corp. to open 11 overseas branches
Korea Ginseng Corp. said Monday it will establish 11 new branches outside Korea this year as it aims to more than double its overseas sales.The firm is well-known for its 6-year-old red ginseng brand Cheong Kwan Jang, which has been increasing in popularity overseas, particularly in China, over the past few years.The firm said it will establish new branches in China, Japan, North America, Singapor
Feb. 7, 2011
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Hyundai’s U.S. executives flock to GM
Hyundai Motor America’s senior designer Phillip Zak has returned to GM, joining the recent migration of Hyundai’s top-level executives to the U.S. giant.Zak, who had worked as GM’s chief designer for Europe before moving to Hyundai Motor America in April 2009, returned to the U.S. carmaker earlier this month.While at Hyundai Motor America, Zak is said to have played a key role in introducing Hyund
Feb. 7, 2011
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Bio firm finds structure...of superbug enzyme
A Korean firm said Monday it has identified the structure of a key protein that makes bacteria resistant to nearly all known antibiotics, paving the way for a treatment of the so-called superbug.Researchers at Crystalgenomics Inc., a Seoul based bio-venture, have succeeded for the first time to find the shape of the New Delhi metallo-beta-lactamase, or NMD-1 enzyme that deactivates antibiotics. Si
Feb. 7, 2011
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Firms to showcase new devices in Barcelona
Tablet PCs, smartphones to dominate Mobile World Congress next weekLocal electronics giants are lining up their cutting-edge mobile products for a global industry show in Barcelona, Spain next week.New tablet PCs and smartphones are expected to dominate the Feb. 14-17 Mobile World Congress, which is expected to draw more than 1,300 firms from all over the world.LG Electronics, which has been geari
Feb. 7, 2011
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‘Facebook may not be dominant in Japan’
Facebook Inc. may never overtake Mixi Inc. in Japan as the lure of connecting with friends overseas isn’t enough for users to switch services, according to the U.S. social-networking site’s biggest games developer.Japan “is one place where Facebook may not end up being dominant,” Robert Goldberg, head of Zynga Game Network Inc.’s operations in the country, said in an interview in Tokyo last week.
Feb. 7, 2011
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BHP, Rio help mine record $52b profit
BHP Billiton Ltd., Vale SA and Rio Tinto Group, the world’s three largest mining companies, are set for record profit totaling $52 billion as they accelerate earnings growth at the expense of their biggest customers.The companies, also the largest iron-ore exporters, may post an average 66 percent jump in the annual earnings they report this year compared with 2007, according to analyst estimates
Feb. 7, 2011
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Wal-Mart plots local retail rebound in U.S.
Humbled and attacked on all sides, Wal-Mart seeks comeback from missteps that hurt salesSADDLE BROOK, New Jersey (AP) ― The battle for shoppers is playing out in this New York suburb: Wal-Mart versus everyone else.Dollar stores beckon, their small size ideal for quick shopping. Target offers 5 percent off if you pay with its store-branded card. Costco tempts with high-end, brand-name food and desi
Feb. 6, 2011
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Foreign firms’ entertainment costs almost triple Korean firms’ bill
Foreign firms operating in Korea spent an average of three times more on client entertainment than local firms in 2009, while their donations to good causes were just 30 percent of the latter, a report by the national tax watchdog showed on Sunday.According to the National Tax Service report, 1,406 foreign companies in Korea spent a total of over 62 billion won ($51 million) on entertainment expen
Feb. 6, 2011
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Seoul to host whisky festival
An event to help turn South Korea into a nation of whisky-lovers is to be held this month. The Whisky Live international road show will come to Korea for the first time on Feb. 27. More than 2,000 people are expected to attend the event boasting more than 100 products from over 40 whisky brands. Attractions will include samplings, whisky master classes, VIP sessions, bartender awards, as well as m
Feb. 6, 2011
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Whatever It Takes; a hip way to do good
Donna Karan, George Clooney and Greenday ― although they’re all big American stars, the three belong to distinctively different genres. But it turns out the trio have something else in common ― they are among the 660 world-famous celebrities who have donated smartphone and tablet PC cover designs to raise money for people living in underprivileged countries. Part of the proceeds from the covers ―
Feb. 6, 2011
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Nippon Steel, Sumitomo merger to create global No. 2 steelmaker
Nippon Steel Corp. and Sumitomo Metal Industries Ltd.’s plan to create the world’s second-largest steelmaker is aimed at gaining leverage over raw-material purchases and metal pricing as costs soar. Shares in both companies surged the most in more than two years Friday. Based on Sumitomo’s market value and net debt, the deal would be worth more than 2 trillion yen ($24.5 billion), according to dat
Feb. 6, 2011
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LG Electronics to launch its first tablet PC in March
LG Electronics Inc., the world's third-largest mobile phone maker, said Wednesday that it will release its first tablet PC in March in the U.S. market, as it tries to take its share in the booming market.The upcoming product, dubbed "G-slate," is among the first tablet models to run on the "Honeycomb" operating system, which is Google Inc.'s latest generation of Android platforms designed for mobi
Feb. 2, 2011
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Industrial production index grows for 3rd straight month: report
South Korea's industrial production growth index for the manufacturing and mining sector grew for the third straight month in December despite concerns of general economic slowdown, a government report showed Wednesday.The report by Statistics Korea said index numbers reached 63.6 in the cited month, which is also the second month in a row that figures topped the "break-even" 50 mark.A index readi
Feb. 2, 2011
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S. Korean company wins Uzbek highway rest area contract
South Korea's state-run expressway corporation said Wednesday that a local company won a contract to build and operate a highway rest area in Uzbekistan.Korea Expressway Corp. said the rest area will be built on the 300-kilometer-long highway connecting Tashkent and Samarkand. The unidentified Korean company will build the 99,000-square-meter rest area and retain operational rights over the facili
Feb. 2, 2011