Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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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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Hostilities get out of hand as YouTuber murders another outside courthouse
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Yoon interacts with public for 1st time since election defeat
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
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Police officer jumps barefoot into drainage tunnel to save man
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Lee Sun-kyun's posthumuous film to hit theaters in August
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N. Korea says to deploy new multiple rocket launcher starting this year
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[Graphic News] Conglomerates downsize investments last year
Korea’s major conglomerates decreased their investments last year due to the nation’s protracted economic sluggishness, data showed Tuesday.The total amount of investments by the nation’s top 30 conglomerates in 2014 was 148.5 trillion won ($136 billion), a 10 trillion won (6.4 percent) decrease from 2013, according to market research firm CEO Score. In particular, the conglomerates’ facility investments dropped sharply by 11 percent from 113.8 trillion won in 2013 to 101.2 trillion won in 2014.
World NewsApril 7, 2015
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[Graphic News] Chaebol units, financial firms pay high salaries
Pharmaceutical research firm Mezzion had the highest employee salary among listed Korean firms in 2014, according to data released Sunday.Mezzion’s average salary was 121 million won ($111,600), maintaining the top spot for the second straight year after hitting 135 million won in 2013.Korea Exchange came second with an average salary of 111 million won, followed by Shinhan Financial Group with 107 million won.NICE Holdings, which first entered the list of firms with salaries of more than 100 mi
IndustryApril 6, 2015
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[Graphic News] Overseas adoption ebbs in U.S.
A total of 6,400 infants and children from different parts of the world were adopted by U.S. citizens last year, according to the U.S. Department of State.This was the lowest number in 33 years, and a 9 percent decrease from the year before, when 7,094 children were adopted from overseas.Overseas adoption by American parents has declined steadily since 2004. By country, the largest number came from China, at 2,040, followed by Ethiopia, Ukraine and Haiti. South Korea came next with 370 children
Social AffairsApril 2, 2015
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[Graphic News] More women indulge in binge drinking
More than 60 percent women in their 20s in Seoul consume alcohol more than once a month. Of those, 1 in 10 were classed as binge drinkers, according to the statistics released by Seoul Metropolitan Government.Alcohol consumption among women in their 20s increased to 64.8 percent in 2013, a 9.6 percentage point increase from 2008 and the biggest increase among age and gender groups. Of those, 1 in 10 indulge in binge drinking, defined as drinking more than five glasses of Soju, a popular Korean l
Social AffairsApril 1, 2015
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[Graphic News] Number of foreign students hits record high
The number of foreign students in Korea has hit a record high this year, data from the Justice Ministry showed Tuesday. As of February, the number of foreign students reached 92,076, up 8 percent on-year, the ministry said.The figure has gradually increased since 2008 but started to decline from 2012. The number dropped to 85,230 last year, the lowest figure since 2011, officials said. It picked up drastically last year, following various measures taken by the government and schools, including l
Social AffairsMarch 31, 2015
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[Graphic News] Incheon International Airport sustains growth for 14 years
Incheon International Airport has continued striking growth since it opened 14 years ago, data showed Monday. The airport, which launched service on March 29, 2001, has grown 6.7 percent on average in terms of the number of passengers; 3.4 percent in cargo; and 7.2 percent in flights every year, according to data released by the airport authority.The number of transfer passengers also increased from 2.46 million in 2001 to 7.71 million in 2013.The airport, which had 47 operating airlines in 2001
IndustryMarch 30, 2015
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[Graphic News] The Arab peacekeeping force
Arab League member states (11 countries ― Bahrain, Egypt, Jordan, Kuwait, Morocco, Pakistan, Qatar, Saudi Arabia, Sudan, Turkey, UAE) have agreed in principle to form a joint inter-Arab military peacekeeping force. While details of how such a force would actually operate remain thin, the agreement is a telling sign of a new determination among Saudi Arabia, Egypt and their allies to intervene aggressively in regional hotspots, whether against Islamic militants or spreading Iranian power. Senior
World NewsMarch 29, 2015
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[Graphic News] Conglomerates acquire 203 firms in 5 years
Korea’s 30 largest conglomerates acquired 203 companies at a total price surpassing 29 trillion won ($26.3 billion) in the past five years, according to data compiled on mergers and acquisitions released Wednesday. CJ Group led the pack in the number of deals with 36 acquisitions while Hyundai Motor Group topped spending on M&As, tallying nearly 5.2 trillion won, the business performance analysis site CEO Score said.The most expensive acquisition by far was Hyundai Engineering and Construction,
IndustryMarch 25, 2015
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[Graphic News] Top 3 retailers remain unchallenged
Lotte Department Store soared past the other big five local department stores in sales reported on Monday, while Galleria Department Store gave up its fourth-place slot to AK Plaza.Lotte reported sales of 14.2 trillion won ($12.8 billion) last year, followed by Hyundai Department Store with 6.98 trillion won ($6.3 billion) and Shinsegae Department Store with 6.3 trillion won ($5.7 billion).AK Plaza unseated Galleria Department Store for fourth place with 2.15 trillion won ($1.94 billion) in sale
IndustryMarch 24, 2015
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[Graphic News] Koreans world’s heaviest noodle consumers
Koreans consumed the most noodles per person in 2014, according to a report released by Bloomberg Intelligence and market research firm Euromonitor on Sunday.The report showed that the average Korean consumed 9.73 kilograms of noodles in 2014, up 0.8 percent from 2013. Japan was a close second with 9.63 kg, followed by Indonesia (5.8 kg), China (5.0 kg) and Vietnam (4.7 kg).The top 10 countries with the highest noodle consumption were all in Asia.Eight of the 10 countries showed an increase in n
IndustryMarch 23, 2015
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[Graphic News] China surges in arms export ranking
China is now the world’s third-largest exporter of arms, data compiled by the Stockholm International Peace Research Institute showed Tuesday.According to the report, the U.S. remained the world’s largest arms exporter during the 2010 to 2014 period, accounting for 31 percent of global exports of conventional weapons.The U.S. was followed by Russia with a 27 percent share of global arms exports, followed by China with about 5 percent. China’s biggest clients were Pakistan, which bought 41 percen
DefenseMarch 17, 2015
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[Graphic News] Korea’s growth lags behind G20 average
South Korea’s economic growth rate has fallen behind the G20 average for the fourth straight year, according to data released Sunday.Korea’s gross domestic product grew by 3.3 percent in 2014, lower than the G20 average of 3.4 percent, according to the Organization for Economic Cooperation and Development. Korea’s economic growth surpassed the G20 average from 1999 to 2010 ― even during the global financial crisis of 2006-2010 ― with the exception of 2003 and 2005.The nation’s unprecedented four
IndustryMarch 16, 2015