Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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S. Korea, Italy to join deeper ties in biotechnology, green energy sectors
South Korea's trade ministry said Tuesday it is seeking to forge a deeper partnership with Italy in the biotechnology and eco-friendly energy segments to brace for the post-pandemic recovery and seek sustainable economic growth. South Korea and Italy plan to hold their first round of the strategic meetings for bilateral cooperation in industry and energy in Rome on Tuesday (Italy time), according to the Ministry of Trade, Industry and Energy. The meeting comes as South Korea and Italy agreed to
Sept. 28, 2021
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[Graphic News] Luxury imported car sales soar 65.5% this year
Sales of high-end imported cars spiked nearly 66 percent in the first eight months of the year amid the popularity of big-ticket eco-friendly models among local motorists and a post-lockdown shopping spree, industry data showed. A total of 45,042 imported vehicles with price tags of 100 million won ($85,700) or higher were sold in South Korea in the January-August period, up 65.5 percent from a year earlier, according to the data from the Korea Automobile Importers and Distributors Associ
Sept. 28, 2021
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Seoul stocks open lower on Wall Street losses
South Korea's exports are anticipated to rise 15 percent on-year in September on the back of robust demand for chips and automobiles, although the overall growth might slow due to fewer working days in the month, a poll showed Tuesday. Exports are expected to reach Imports are estimated to have gone up 26.5 percent on-year in September to $49.8 billion, resulting in a trade surplus of $5.3 billion. South Korea will release its official trade data Friday. In August, South Korea's exports have ext
Sept. 28, 2021
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Exports expected to rise 15% in Sept. on chips, autos: poll
South Korea's exports are anticipated to rise 15 percent on-year in September on the back of robust demand for chips and automobiles, although the overall growth might slow due to fewer working days in the month, a poll showed Tuesday. Exports are expected to reach Imports are estimated to have gone up 26.5 percent on-year in September to $49.8 billion, resulting in a trade surplus of $5.3 billion. South Korea will release its official trade data Friday. In August, South Korea's exports have ext
Sept. 28, 2021
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[Herald Interview] Improving R&D productivity crucial amid growing tech competition: IP agency chief
In this time of escalating rivalry for technology hegemony, it is crucial for countries to stake claims on advanced technologies in core industries in order to survive the patent war, South Korea’s intellectual property agency chief said Monday. As for South Korea, the country should work on improving research and development productivity, and also utilize big data analytics for patent protection, Kim Yong-rae, commissioner of the Korean Intellectual Property Office, said in an interview
Sept. 28, 2021
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S. Korean shippers forecast to log record earnings for Q3
South Korean shipping lines are expected to chalk up record earnings for the third quarter of the year thanks to surging freight rates, a market tracker said Tuesday. HMM Co., South Korea's largest container shipper, is projected to post a consolidated operating income of 1.82 trillion won ($1.54 billion) for the July-September, according to an analysis of brokerage house forecasts. That would break HMM's operating income record of 1.39 trillion won set in the previous quarter, which was up 901
Sept. 28, 2021
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Manufacturing sentiment dips for Q4 on COVID-19 resurgence
A majority of South Korean manufacturers expect their business conditions to worsen in the fourth quarter from three months earlier on a coronavirus resurgence and rising material costs, a poll showed Tuesday. A survey of about 2,300 manufacturing firms put the business sentiment index (BSI) at 91 for the October-December period, down 12 points from the third quarter, the Korea Chamber of Commerce and Industry (KCCI) said. A reading below 100 means companies expecting deteriorating business cond
Sept. 28, 2021
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Samsung loses ground in smartphone image sensor market in H1: report
Samsung Electronics Co. remained in second place in the global smartphone image sensor market in the first half of the year, a report showed Tuesday, although its share declined from a year earlier. Samsung captured a 25 percent revenue share in the first six months of the year, down from 28 percent a year ago, according to market researcher Strategy Analytics. Sony dominated the market with a 42 percent revenue share, slightly down from 45 percent a year earlier, while OmniVision came in t
Sept. 28, 2021
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SK Innovation, Ford to invest W13tr to build three US battery plants
South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won ($11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery complex in Tennessee, and two additional battery factories in Kentucky, which will be the single largest investment in Ford's 118-year history, the two companies said in a statement. The three fa
Sept. 28, 2021
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Global Netflix hit 'Squid Game' signals new round of streaming competition
For South Koreans who were children in the 1970s and 1980s, the phrase “squid game” is likely to evoke a mix of thrills and nostalgia. The tag game on a squid-shaped board drawn in the dirt was fairly tough to play -- sometimes brutal to the point of causing injury -- but it remained hugely popular, as making it to the final goal area after physically clashing with those on the defense was nothing if not exhilarating. Hwang Dong-hyuk, the director of “Squid Game,” is no
Sept. 27, 2021
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Bankruptcies soar by over 10% as pandemic takes toll
Personal and corporate bankruptcies in South Korea increased by more than 10 percent last year, data showed Monday, reflecting the economic impact of COVID-19 on both businesses and households. According to the report released by the National Court Administration, the number of personal bankruptcies filed in 2020 rose by 10.4 percent from the previous year, from 45,654 cases to 50,379 cases. Last year’s tally was the biggest figure since 2015. After hitting a record high of 150,439 c
Sept. 27, 2021
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S. Korea's 5G users continue to soar, but base stations grow at slower pace
South Korea’s 5G users increased by millions this year, but 5G network base stations are still being rolled out slowly, a local agency said Monday. According to data compiled by the Korea Communications Agency, the number of 5G users increased by 1.99 million during the second quarter this year to reach 17 million, up 13.7 percent on-year. As of June, 5G users accounted for 23.8 percent of the total mobile network users here. The number of 4G and 3G network users reached 50.5 million a
Sept. 27, 2021
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Hyundai to use Samsung sludge to make steel
Samsung Electronics and Hyundai Steel announced Monday that they had developed a new wastewater recycling technology that would allow sludge from the chip manufacturing process to be reused for steelmaking. Their joint research found that calcium fluoride in the sludge was similar to fluorite, a material used in steelmaking to reduce melting temperatures and remove impurities. Hyundai Steel said it expected the deal to help the company save on costs, since South Korean steelmakers rely entirel
Sept. 27, 2021
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Seoul stocks up on drop in virus cases
South Korean stocks rebounded Monday amid easing concerns about the country's new coronavirus cases and the China Evergrande Group's debt crisis. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 8.4 points, or 0.27 percent, to close at 3,133.64 points. Trading volume was moderate at about 872 million shares worth some 12.1 trillion won ($10.3 billion), with gainers outnumbering losers 492 to 373. Foreigners bought a net 337 billion won,
Sept. 27, 2021
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[Herald Interview] Cars are going electric. What about ships and airplanes?
The whole world is talking about the electric future of mobility, with auto brands churning out a dizzying array of electrified passenger cars. But for commercial vehicles such as cargo trucks, airplanes and freight ships -- which have to carry as many payloads as possible -- batteries are simply too heavy and expensive. Like it or not, they need liquid fuels for the time being. In that case, why not just make a new, eco-friendly fuel out of renewable materials? During an interview with Th
Sept. 27, 2021
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CJ OliveNetworks to introduce NFT ticketing at BIFF
CJ OliveNetworks will introduce the country’s first “non-fungible token” tickets at the Busan International Film Festival next month, the company said Monday. A type of blockchain technology, NFTs are unique and not interchangeable. NFT-based tickets, therefore, allow ticket issuers to track holders of each ticket and prevent scalping or fraud. The company has named the ticketing service “One Order Ticket.” CJ has partner with domestic blockchain platform firm
Sept. 27, 2021
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Korean chipmakers in quandary over US request
The US government’s strategic interest in chips is putting South Korean chipmakers in a quandary, as Washington adds pressure on chipmakers to share sensitive data on technology, clients and inventory status. With a stated purpose of solving the chip shortage, which is affecting automotive and other industries around the world, US authorities on Thursday held an online meeting with major automakers and chipmakers, which Samsung Electronics attended. Following the meeting, the US Depart
Sept. 27, 2021
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BAT unveils glo pro slim in Korea
BAT Rothmans on Monday launched the new tobacco heating product Glo Pro Slim in South Korea in an online media conference. Glo Pro Slim marks the latest edition of the Glo series, following the launch of Glo Pro early last year. The company said the new product adds to its growing list of Glo products and will appeal to consumers seeking potentially reduced-risk products. “BAT Rothmans will lead the market transformation through product portfolio expansion and innovation in tobacco heati
Sept. 27, 2021
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Small media stocks surge on ‘Squid Game’ bonanza
Small-cap stocks related to the local media and entertainment business are on a bull run, as traders hoped to piggyback on the success of the Netflix megahit “Squid Game.” Content production firm Bucket Studio saw its stock price nearly double over the course of three trading days, since the stock market reopened Thursday following the national Chuseok holiday. Last week, Bucket Studio hit the price ceiling on both Thursday and Friday, and rose 2 percent Monday. Its market cap appr
Sept. 27, 2021
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Samsung to log robust Q3 earnings on chip biz, currency effect: analysts
Samsung Electronics Co. is expected to report strong third-quarter earnings on the back of its semiconductor business and a weak won, analysts said Monday. The South Korean tech giant was projected to log 16.3 trillion-won ($13.8 billion) in operating profit for the July-September period, up 31.9 percent from a year earlier, while its sales were forecast to increase 12.2 percent on-year to 75.1 trillion won over the period, according to the data from nine local brokerage houses compiled by Yonh
Sept. 27, 2021