Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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[Robert J. Fouser] Social attitudes toward language proficiency
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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Apple says it employs 500 workers in S. Korea
The South Korean unit of Apple Inc. employs 500 workers and has helped create more than 300,000 jobs here over the past 20 years, according to its website Monday. It marks the first time since the US tech giant's entry into South Korea in 1998 that the company has unveiled the workforce of its local subsidiary.The newly opened "job creation" section of the Korean-language website said Apple's local unit started with only two employees, but its payroll had increased to some 500 as of en
Aug. 19, 2019
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[News Focus] Korea keen on investment in ocean cruise harbors
SEJONG -- South Korea has five international cruise terminals -- two in Jeju, one in Busan, one in Sokcho and one in Incheon.With the Ministry of Oceans and Fisheries focusing on the development of cruise tourism, its plan to open a new Jeju Port, aimed at handling a greater number of inbound cruise tourists, has been approved by the Cabinet.The endorsed budget for the third ocean cruise terminal on Jeju Island -- with the capacity to manage 4.7 million tourists per year -- is set at 2.8 trillio
Aug. 18, 2019
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Top 10 biz groups' operating profits down by 54% in H1
South Korea's major conglomerates posted downbeat operating earnings in the first half from a year ago due to weak global demand for major products, including memory chips, industry data showed Sunday. The combined operating profits of 90 listed companies affiliated with the nation's top 10 business groups totaled 21.3 trillion won ($17.5 billion) in the first six months of this year, 53.5 percent down from a year earlier, according to market researcher Inforbix's analysis of their semiannual re
Aug. 18, 2019
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[Herald Interview] Raising the bar of ethical farming, startup offers ‘disruptive’ agritech
ULikeKorea is a livestock health care startup that has introduced a first-of-its-kind bio capsule designed to lodge inside a cow’s first stomach and stay there to monitor the animal’s food and drug intake, real-time core body temperature and breeding cycle for quality meat production.The company became one of the eight winning candidates in the third SoftBank Innovation Program that took place in June, 2018, as a promising agritech firm in the “disrupt” category.There hav
Aug. 18, 2019
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Incheon Airport expands overseas business portfolio
Incheon International Airport Corp. said Sunday it has signed a memorandum of understanding with Indonesia’s state-run airport operator Angkasa Pura I for cooperation in overseas airport projects. The signing ceremony, attended by IIAC CEO Koo Bon-hwan, President Director of AP I Faik Fahmi and some 20 officials from both companies, took place at Paradise City in Incheon on Wednesday. Under the memorandum, IIAC and AP I will upgrade relations to a strategic partnership to closely cooperate
Aug. 18, 2019
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KT launches epidemic prevention app in Ghana
Korean telecom company KT said Sunday it has launched a mobile application to help prevent epidemics in Ghana, Africa. Called the Global Epidemic Prevention Platform, the app allows users to access information on epidemic diseases. It supports three functions: GEPP Public, GEPP Clinic and GEPP Gov. GEPP Public alerts people who enter an epidemic region of the potential dangers. GEPP Clinic receives real-time notifications from people who have experienced an epidemic breakout and displays locatio
Aug. 18, 2019
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Korean Air shares hit record low after poor Q2 earnings
Stocks of the country’s largest full-service carrier, Korean Air, hit another record low on Friday after the company reported poor second-quarter earnings amid a deteriorating business environment and hefty foreign exchange losses.On Friday, shares of Korean Air fell 0.2 percent to close at 22,850 won ($18.87) per share, recording a new 52-week low, while the benchmark Kospi remained relatively steady. According to Korean Air, the airline recorded 3.2 trillion won in sales from April to Ju
Aug. 16, 2019
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Asiana Airlines expands Incheon-New York routes
South Korean full-service carrier Asiana Airlines said Friday that it would expand its Incheon-New York route to twice a day starting Nov. 24.The air carrier currently flies Incheon-New York route only once in the morning. The newly added flight will depart from Incheon at 9:50 p.m. and the company plans to assign the new A350 flight, which can sit 311 passengers for user convenience during the long-haul flight.The company said that this new route would benefit those who want to depart to New Yo
Aug. 16, 2019
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SK Group-led global alliance to standardize measurement of social contribution of firms
A global alliance of multinational companies led by South Korea’s SK Group will standardize the measurement of businesses’ contribution to society in the next three years, officials said Thursday.Taking the leadership of the project, SK in partnership with German chemical firm Basf, has launched a nonprofit organization in Frankfurt to start developing a methodology for measuring the value of social contribution made by private entities. Named Value Balancing Alliance, the organizati
Aug. 15, 2019
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Clash of the titans: Samsung Galaxy Fold, LG V50S to debut at IFA
Global smartphone makers are anticipated to go head-on in September, with some strategically unveiling their latest models at the annual trade show, the Internationale Funkausstellung (IFA) 2019, from Sept. 6 to 11 in Berlin, Germany.LG Electronics announced that it will introduce its new dual-screen smartphone V50S at the annual consumer electronics show, while industry watchers predict Samsung Electronics is likely to display its foldable phone Galaxy Fold for consumers to experience it firsth
Aug. 15, 2019
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SK Innovation secures W800b green loan for EV battery
SK Innovation said it has secured an 800 billion won ($650 million) green loan to expand its investments in electric vehicle batteries. The company said it secured the funds through several financial organizations, including the Korea Development Bank, KEB Hana Bank and Bank of America, without giving further details. A green loan is a new lending activity aimed at making sustainable investments and reducing the impact on the environment with lower interest rates. SK Innovation said the fun
Aug. 15, 2019
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[Photo News] New favorite Korean instant noodles?
Samyang Foods and Homeplus said Wednesday that an accumulated 1.3 million packs of Samyang Kookmin Ramyun have been sold since its launch June 13. Samyang said the product was developed jointly with Homeplus to provide instant noodles at a reasonable price. Samyang Kookmin Ramyun is sold only at Homeplus stores and costs 2,000 won ($1.65) for a bundle of five packs. The word “Kookmin,” meaning people in Korean, is often used in describing a brand or product to suggest popul
Aug. 14, 2019
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Incheon Airport marks accumulated 700m passengers
Incheon International Airport Corp. said Wednesday that the airport’s accumulated number of passengers has surpassed 700 million. To mark the milestone, the operator of South Korea’s main gateway held various events, including giving a round-trip ticket and a Turtle Ship made of pure gold to the 700 millionth passenger who arrived at Incheon Airport. IIAC said the achievement of marking an accumulated 700 million passengers since its opening in March 2001 is meaningful, as
Aug. 14, 2019
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Despite apology, more Korean retailers suspend sales of DHC products
More South Korean retailers are joining the industry-wide boycott of Japanese cosmetics brand DHC after the company’s beauty TV channel aired offensive content allegedly mocking Koreans and the country’s history. According to the health and beauty industry, retail conglomerate Lotte Group’s online unit Lotte.com has decided to temporarily suspend sales of DHC products from Tuesday. Another retail giant Shinsegae stopped selling DHC cosmetics on its e-commerce platform SSG.
Aug. 14, 2019
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Korean firms feel cheated by asymmetric gameplay with China
As South Korea continues to be focused on the escalating trade conflict with Japan that is threatening the tech companies, a different kind of conflict is haunting the game industry here.From early 2017, not a single license has been issued for new games from Korea in China -- whose gaming market is estimated to be worth around 37 billion won ($30 billion).NCSoft has been waiting for Chinese approval of Lineage Red Knights since January 2017. Netmarble’s mobile games Lineage 2 Revolution a
Aug. 14, 2019
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Japan beats Korea in most biz sectors except chips, smartphones: report
In light of the aggravating trade dispute between South Korea and Japan, a report showed Wednesday that significant revenue gaps remain in most industrial sectors between the two countries. According to Seoul-based market research firm CEO Score’s survey on highest-grossing companies across 15 sectors as of last year, the revenue of Korea’s top three companies was only half of that of their Japanese competitors. In the business categories ranging from semiconductors to telecommunicat
Aug. 14, 2019
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LIG Nex1 chief wins industrial merit award
South Korean defense and aerospace company LIG Nex1 chief Kim Ji-chan received the government’s top award for his contribution to the country’s defense industry development, the company said Wednesday. During a ceremony held at the Defense Acquisition Program Administration, Kim was awarded the Order of Industrial Service Merit, also known as “Silver Tower,” the country’s second-highest decoration for a businessperson. He was recognized for his decades-long efforts
Aug. 14, 2019
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[Anniversary Special] Searching for lost land: S. Korea seeks to retrieve property seized by Japan
When Korea was under Japan’s colonial rule from 1910 to 1945, many Koreans lost their houses and land to the Japanese. A significant portion of Korean property was forcefully taken by the Japanese military and sold cheaply to its residents.The fledging Korean government, established in 1948, pledged to retrieve the property from the Japanese as promptly as possible. However, some has still not been returned to the government. With Korea ratcheting up pressure on Japan amid an escalating tr
Aug. 14, 2019
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S. Korea begins process to remove Japan's trusted trade partner status
South Korea's trade ministry on Wednesday started the process to drop Japan from its list of trusted trading partners, in a tit-for-tat move amid the growing trade row between the two Asian neighbors.Early this week, the South Korean government decided to revamp the categorization of its trading partners into three groups from the current two, placing Tokyo in the in-between group.The ministry said the reclassification of its trade partners will go into effect after gathering public opinion for
Aug. 14, 2019
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Seat occupancy on flights to and from Japan drops over trade row
The number of air passengers on routes between South Korea and Japan dipped during the peak summer vacation season amid an escalating bilateral trade spat, government data showed Wednesday.The passenger load factor for flights to and from Japan averaged 71.5 percent during the first week of August, down from84.5 percent from a year earlier, according to the data from the Ministry of Land, Infrastructure and Transport. The average seat occupancy rate came to 75.7 percent for the last week of July
Aug. 14, 2019