Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Actor Yoo Ah-in accused of sexual attack
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Man who let his father die due to financial difficulties to be released on parole
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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[Graphic News] Global hearable market to grow quickly
The world market for wireless hearables is expected to grow quickly over the next two years thanks to the popularity of Apple’s AirPod, an industry report said. The global market is estimated to reach 129 million units by 2020, compared with about 46 million units last year, according to a report from industry tracker Counterpoint Research. The report, however, didn’t provide an estimate for this year’s global sales. The research firm said Apple’s upcoming second-generation AirPod and similar e
March 26, 2019
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[Graphic News] Seoul ranks 7th most expensive city for expats
Paris has climbed to the top of the world‘s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey that named the capital of strife-torn Venezuela as the cheapest. South Korea’s capital city Seoul ranked as the seventh most expensive city. The average price of 1 kilogram of bread was found to be $15.59, while in Singapore it was $3.40. Currency appreciation, inflation and devaluation as well as political upheaval played a part in this year’s rankings, said
March 21, 2019
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[Graphic News] Bezos, Gates still top world’s ultrarich: Forbes
Jeff Bezos remains the world’s richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultrarich, while far behind President Donald Trump jumped 51 spots in the ranking. While things are largely stable up on top of the list, Facebook founder Mark Zuckerberg dropped three spots and former New York Mayor Michael Bloomberg rose by two. According to the list announced by Forbes, the riches of Bezos have swelled by $19 billion in one year and he is now wort
March 14, 2019
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Most powerful banker in Nordics says cutting humans reduces risk
The man running the biggest Nordic bank says that reducing the number of humans working in finance will actually help cut some of the risks in the industry.Casper von Koskull, the chief executive officer of Nordea Bank Abp, predicts that in roughly a decade, his sector will have half as many people working in it as it does now. And that’s a good thing, he said. Casper von Koskull, the chief executive officer of Nordea BankWith cuts on that scale, the finance industry “actually becomes more robus
March 3, 2019
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VietJet to sign major Boeing deal during Trump-Kim summit: sources
Fast-growing Vietnamese budgetairline VietJet Aviation JSC is expected to sign amajor jet deal with Boeing Co on the sidelines of nextweek's Trump-Kim summit, according to sources familiar with the matter.US President Donald Trump and North Korean leader Kim Jong-un will hold their second summit in the Vietnamese capital of Hanoi on Feb 27-28.Holding a signing ceremony during Trump's visit would help emphasize strengthening economic and military ties between the United States and Vietnam. Boeing
Feb. 22, 2019
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[Graphic News] Samsung ranked among top 2 in French consumers’ brand rating
Samsung Electronics was placed among the top two in a brand rating by French consumers, company officials said. The 2019 edition of Best Brands France showed the tech firm at No. 1 in the best product brand category and at No. 2 in best corporate brand after Amazon. For the golden age brand, chosen by consumers aged 50 and up, Samsung Electronics finished at No. 2 after Bose. China's Huawei was ranked top for the best growth brand.
Feb. 20, 2019
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Lawyer famous for acquittals to defend Nissan ex-chair Ghosn
Junichiro Hironaka, a lawyer famous for winning extremely rare acquittals in Japan, has been tapped to defend Nissan's former chairman Carlos Ghosn as he battles charges of false financial reporting and breach of trust.The move, confirmed Wednesday by Ghosn and Hironaka's office, underscores Ghosn's determination to prove his innocence. The odds are against him: In Japanese courts, 99 percent of cases get guilty verdicts. Junichiro Hironaka, new lawyer of former Nissan chief Carlos Ghosn, speaks
Feb. 13, 2019
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US, China envoys hold talks before Trump tariff decision
US and Chinese trade negotiators are meeting this week for talks President Donald Trump says will help decide whether he escalates a technology dispute by going ahead with a March 2 tariff hike on $200 billion of imports from China.Two days of talks starting Thursday allow too little time to resolve the war over Beijing's technology ambitions that threatens to drag on weakening global economic growth, businesspeople and economists say. They believe China's goal is to make enough progress to pers
Feb. 13, 2019
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[Graphic News] S. Korea falls behind China in world’s LCD TV market
China edged out South Korea in the global liquid-crystal display TV market last year to become the world’s top manufacturer of the products, data showed. According to data compiled by industry tracker IHS Markit, China accounted for the largest share (31.9 percent) of the 152.16 million units of LCD televisions shipped during the first nine months of last year. Korea came in second at 30.6 percent, or 46.58 million LCD TVs, followed by Japan with 14.6 percent and European nations with 2.8 perce
Feb. 12, 2019
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[Graphic News] Emerging economies catching up in smartphone adoption: survey
Smartphone use has become the norm in most developed nations, while many emerging economies are showing sharp gains, a global survey showed Tuesday. A Pew Research Center report found strong majorities of adults using smartphones in the world’s wealthier countries, led by 95 percent adoption in South Korea and 88 percent in Israel. The report is based on a survey of 30,133 people in 27 countries, conducted from May 14 to August 12, 2018. China, believed to be the world’s largest smartphone mark
Feb. 11, 2019
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From boardroom to prison: Ghosn still CEO at heart
Carlos Ghosn started his interview like an executive running a board meeting."We don't have too much time, so let's start," he told two reporters from AFP and French daily Les Echos, as if calling unruly shareholders to order.But this was no boardroom or business meeting: this was the 10th floor of the Kosuge detention centre in Tokyo, where he has languished since Japanese prosecutors stormed his private jet brandishing allegations of financial misconduct.Clad in a black tracksuit and transluce
Jan. 31, 2019
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[Graphic News] London retains tech startup crown
London is Europe’s most attractive city for technology startups, despite a sharp slowdown last year, a study showed. With Brexit looming, the mayor’s promotional agency, London & Partners, said 1.8 billion pounds ($2.3 billion) had been invested in fledgling tech businesses in 2018. That represented a near 30 percent slump compared with 2017 and was the first slowdown in six years, L&P said in a statement. But London’s 2018 total was still double that of Berlin, which stood in second place, whi
Jan. 23, 2019
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China protests over US warship sighting as trade talks start
BEIJING -- Chinese and American officials began talks Monday aimed at ending a bruising tariffs battle between the world's two biggest economies, as Beijing complained over the sighting of a US warship in what it said were Chinese waters. It was unclear if the ruckus over the warship might disrupt the working level talks being held at the Chinese Commerce Ministry. The two sides have provided scant information about the discussions. Members of the US trade delegation to China leave a
Jan. 7, 2019
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[Graphic News] Samsung No. 1 in number of patents filed for self-driving cars
According to the data compiled by the European Patent Office, the number of applications related to self-driving cars filed in Europe was 3,998 in 2017, growing more than threefold from 922 in 2011. Samsung Electronics holds the largest number of patents between 2011 and 2017, 624, with US company Intel ranking second with 590. US chipmaker Qualcomm held 361, followed by Samsung Electronics’ smaller rival LG Electronics at 348 and Germany’s Bosch with 343. The figures show that information an
Jan. 3, 2019
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Japan stocks plunge, other Asia markets fall after US losses
Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s criticism of the US central bank.The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14. The Shanghai Composite Index ended off 0.9 percent at 2,504.82 after being down as much as 2.3 percent at midday. Benchmarks in Thailand and Taiwan also declined.Markets in Europe, Hong Kong, Australia and South Korea were closed for Christmas. (Yonhap)W
Dec. 25, 2018
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[Graphic News] Korea’s gaming industry ranks among world’s top in sales
South Korea’s gaming industry is the world’s fourth largest in sales, but none of the local companies rank among the top producers, a report said. According to the Korea Creative Content Agency, the industry’s sales came to $5.76 billion in October, ranking fourth behind $34.4 billion for China, $31.53 billion for the US and $17.71 billion for Japan. However, Korea would rank higher if internet connections are taken into consideration. For example, the internet-linked population in South Kor
Dec. 25, 2018
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China's Huawei faces new setbacks in Europe's telecom market
The US dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company's biggest foreign market, where some countries are also starting to shun its network systems over data security concerns.Some European governments and telecom companies are following the US's lead in questioning whether using Huawei for vital infrastructure for mobile networks could leave them exposed to snooping by the Chinese government. Bans in Europe could significantly increase the financial pr
Dec. 23, 2018
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A decade-long rally on Wall Street looks like it's ending
After almost 10 years, Wall Street's rally looks like it's ending.Another day of big losses Friday left the US market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during the upcoming holiday period, this will be the worst December for stocks since 1931.There hasn't been one major shock that has sent stocks plunging. The US economy has been growing since 2009, and most experts think it w
Dec. 22, 2018
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[Graphic News] Microsoft CEO ranks best in US
Microsoft’s Satya Nadella was named the best CEO of 2018, according to compensation, culture and career website Comparably. Other big names in the top 10 include Home Depot’s Craig Menear, Google’s Sundar Pichai, Amazon’s Jeff Bezos and Saleforce’s Marc Benioff. Comparably asked employees to rank their CEOs using a numerical scale and received nearly 10 million ratings from employees at more than 50,000 US companies, the report said.
Dec. 20, 2018
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Elon Musk bores tunnel to revolutionize city driving
Elon Musk on Tuesday took a break from futuristic electric cars and private space travel to unveil a low-cost tunnel he sees as a godsend for city traffic.The billionaire behind Tesla and SpaceX late Tuesday put the spotlight on the a 1.14 mile (1.8 kilometer) tunnel created by his Boring Company for about $10 million.The sample tunnel is part of Musk's vision to have an underground network that cars, preferably Teslas, can be lowered to by lifts, then slotted into tracks and propelled along at
Dec. 20, 2018