Most Popular
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US girding for possibility of N. Korea taking most provocative military actions in decade near election: NBC
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[Weekender] 'Blood doesn't make family, love does'
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Arrest warrant issued for embattled popera star Kim Ho-joong
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Austin to attend trilateral talks with South Korean, Japanese counterparts in Singapore: Pentagon
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Test finds kids' accessories from AliExpress, Shein to be tainted with toxic chemicals
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NewJeans' new album sells over 800,000 on release day
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S. Korea completes development of L-SAM defense system
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70% of part-timers positive toward robots at businesses
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S. Korea, Japan, China to hold 1st summit in 4 1/2 years to discuss cooperation
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Humble sundae gets haute makeover at Lee Buk Bang
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[Graphic News] South Korean children feel least happy
A recent study showed that South Korean children were the least happy with their lives among the OECD member states. One out of five children and teenagers said they felt the urge to commit suicide at least once.In the report released by Yonsei University’s social development research institute this week, the “subjective happiness level” among South Korean children came at 82 points, the lowest among the 22 researched OECD members. The score was calculated based on the OECD average of 100 by ask
Social AffairsMay 4, 2016
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[Graphic News] Number of illegal residents surges in Jeju
With the rising number of foreign visitors to Jejudo Island, the number of illegal residents in the southern resort is also surging, statistics showed Tuesday.In recent years, nearly 3 million foreigners have visited the island each year, with 85.3 percent of them being Chinese who can enter without a visa, as of 2015.The number of illegal immigrants in Jejudo has rapidly increased from 282 in 2011 to 371 in 2012, 731 in 2013, 1,450 in 2014 and 4,353 in 2015, according to the Justice Ministry.Wi
Social AffairsMay 3, 2016
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[Graphic News] Korea Securities Depository pays highest salary among public institutions
The Korea Securities Depository pays the highest salary among public institutions, according to a report by Alio, an online information provider on public agencies, on Monday. Out of the 321 domestic public institutions, employees of KSD, an affiliate with the Financial Services Commission, received an average of 104.9 million won ($91,950) last year, a 4.2 percent increase from 100.7 million won in 2014.Second place went to those who work for the Korea Investment Corp. where they receive an ave
May 2, 2016
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[Graphic News] New duty-free shops to create jobs and investments
The Korea Customs Service expects that new duty-free businesses in Seoul and elsewhere will create 5,000 new jobs and 1 trillion won in investments.The KCS announced last Friday that it would issue four additional licenses to operate duty-free shops in Seoul in a bid to meet rising demand from Chinese tourists for non-taxable goods.Duty-free stores, mostly run by retail giants such as Lotte Group, posted a combined 9.2 trillion won ($8 billion) in sales last year, with an average growth of 15.1
IndustryMay 1, 2016
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[Graphic News] Half of salaried workers earn less than W2m a month
Nearly half of salaried workers in Korea take home less than 2 million won ($1,754) a month, with the proportion rising to over 80 percent in restaurant and hospitality businesses, data showed. According to Statistics Korea, the ratio of workers with monthly pay under 2 million won came in at 47.4 percent at the end of last year, continuing its steady decline from 50.7 percent in 2013 and 49.5 percent in 2014. Those earning less than 1 million won account for 12.4 percent, while 35 percent belon
April 28, 2016
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[Graphic News] Korea moves to tackle drug offenses
The South Korean government is moving to clamp down on the illegal trade of drugs particularly through the Internet and social networking services.The government released on Tuesday a set of measures to root out narcotics offenses, such as by analyzing X-ray results of express cargo items in real time. A comprehensive portal system will be established for customs officials to share information simultaneously. An agent and a detection dog will be stationed at international airports and harbors. A
Social AffairsApril 27, 2016
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[Graphic News] More Koreans suffer from depression
More South Koreans of all ages are suffering from depression, with the rise most significant among men in their 20s.The National Health Insurance Service said Tuesday that a total of 599,200 patients visited hospitals for depression in 2015, a 16 percent surge from 516,600 in 2010.The treatment cost for depression also jumped by 20.8 percent to 268.4 billion won ($233.8 million) from 222.2 billion won during the same period.The largest percentage of the patients were women in their 50s, followed
Social AffairsApril 26, 2016
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[Graphic News] Cigarette consumption rebounds
Cigarette sales rebounded in the first quarter of this year, after a sharp decline early last year due to an increase in prices, according to a Yonhap news report. The report, which compiled data from several financial investment firms, said about 17.7 billion sticks of cigarettes were sold in the first three months of this year, a 40.4 percent increase from the 12.6 billion sticks sold in the same period last year. The government’s increase of the tax on cigarettes by 2,000 won per pack in Janu
IndustryApril 25, 2016
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[Graphic News] Manufacturing sector has most indebted companies
More than half of heavily indebted companies that fail to generate enough earnings to make interest payments come from manufacturing industries, which have led job creation in Korea.According to a report by the Korea Employment Information Service, 52.2 percent of 17,841 companies with an interest-coverage ratio failing to reach 1 for a third consecutive year during the period of 2005-2014 were manufacturers.An ICR below 1 means the firm‘s earnings are insufficient to make interest payments.With
IndustryApril 24, 2016
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[Graphic News] Slow progress of peak wage system
Four out of 10 Korean companies, which are supposed to adopt the peak wage system this year, have implemented the new wage scheme, the Korea Chamber of Commerce and Industry said Thursday.Starting this year, companies that have more than 300 employees are required to introduce the peak wage system to share jobs with younger generations. According to the survey result released by the KCCI , 42.7 percent of 300 respondents adopted the system. In the peak wage system, employees get less pay from th
IndustryApril 21, 2016
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[Graphic News] Record number of companies suffered credit rating downgrade
A total of 159 South Korean companies suffered downgrades in their credit ratings in 2015, according to government data. The number was the largest since the 1997-1998 Asian financial crisis when 171 firms had their ratings slashed, said the Financial Supervisory Service on Wednesday. During the same period, 26 companies saw their credit ratings rise. The financial regulator said this marked the smallest increase since 1998. The FSS data also showed that credit downgrades were most witnessed in
April 20, 2016
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[Graphic News] Koreans in 50s spend more time on social media
Koreans in their 50s spent an average of 57.7 minutes a day on social networking services through smartphones or computers last year, according to the Korea Information Society Development Institute on Monday. This is a 24.6 percent increase in time spent on SNS, compared to the 46.3 minutes in 2014, surpassing the average time of those in their 30s and 40s.As expected, among age groups Koreans in their 20s spent the most time on SNS with an average of 80.7 minutes per day. They spent 63.1 minut
IndustryApril 19, 2016
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[Graphic News] Top 10 conglomerates‘ sales fall further than corporate average
Korea’s top 10 conglomerates saw their companies‘ sales decline at a sharper rate than the nation’s corporate average last year, according to data released Sunday.Market information provider FnGuide said in its report that combined sales at 68 of the top 10 business groups’ listed affiliates stood at 1,010.7 trillion won ($877.1 billion), a 3.31 percent drop from the previous year.Companies listed on the Korea Stock Composite Price Index fell by an average of 3.01 percent.By conglomerate, seven
IndustryApril 18, 2016
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[Graphic News] Koreans consume less meat than OECD average
The average Korean consumed 51.4 kilograms of meat in 2014, less than the average 63.5 kilograms of meat intake in member countries of the Organization for Economic Cooperation and Development, according to a report by the Food Ministry last week. Koreans consumed an average of 24.4 kilograms of pork, 15.4 kilograms of chicken and 11.6 kilograms of beef in 2014, the report showed.Of the 34 OECD member countries, the U.S. ranked first in meat consumption with an average of 89.7 kilograms, while B
IndustryApril 17, 2016
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[Graphic News] 20th National Assembly election results map
World NewsApril 14, 2016
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[Graphic News] S. Korean military ranks No.11
South Korea ranks 11th in the world in terms of military strength, according to the website Global Firepower which provides annual assessments of countries’ war capacities.The ranking took into account the number and diversity of weapons, geographical factors, logistics, natural resources, industry and manpower. Current political or military leadership was not considered. Seoul dropped from seventh place in 2015 and ninth place in 2014. Japan moved up two spots to No. 7. It had ranked No. 9 in 2
DefenseApril 13, 2016
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[Graphic News] Seoul’s above 60 population soars: report
Seoul is aging rapidly, with the city’s population of those aged 60 and above expected to reach over 3 million by 2030, a report by McKinsey Global Institute showed Tuesday.The report said Seoul will be the eighth city in the world with the largest population in their 60s. In South Korea’s capital, this demographic group will make up 31 percent of the total population, showed the report. As of the end of 2015, 1.84 million of 10.02 million citizens in Seoul were aged 60 and over, or 18 percent o
Social AffairsApril 12, 2016
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[Graphic News] VR headset market will be led by Oculus, HTC, and Sony
The “big three” of the world’s virtual reality sector -- Oculus, HTC, and Sony -- will go head-to-head this year, according to market research firm Strategic Analytics.Worldwide sales of virtual reality headsets are expected to stand at $895 billion this year, of which the three VR firms will account for 77 percent. The report did not give details on the market share of each firm. The research firm, however, anticipated that the three brands will only make up 13 percent of the global shipment vo
TechnologyApril 11, 2016
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[Graphic News] Number of asylum seekers on the rise
The number of asylum seekers in South Korea has steadily increased in recent years since it began accepting refugee applications in 1994, government statistics showed. With millions of people fleeing conflicts in war zones across the world, South Korea saw a surge in the number of asylum seekers from 1,574 in 2013 to 2,896 in 2014 and 4,265 last year. The number of those who were granted asylum, too, rose from 57 to 94 and on to 106 during the same period.Since 1994, the country has accepted 576
Social AffairsApril 10, 2016
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[Graphic News] Asian elephant is zoo’s biggest eater
The Asian elephant eats the most out of all the animals at Seoul Grand Park, which contains a zoo. It eats up to 102.3 kilograms of food on a daily basis. On the other hand, the tarantula eats only 0.2 grams of food -- the smallest intake out of the zoo’s animals, according to the facility on Wednesday. One Asian elephant can consume 75 kilograms of hay, 24.7 kg of fruits and vegetables, and 2.6 kg of assorted feed, making it the No.1 eater out of all the animals at the park. It can also excrete
April 7, 2016