Most Popular
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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South Korea open to Indonesian proposal to cut KF-21 payments
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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Korea forecast to overtake Taiwan in chip production by 2032: report
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Coupang earnings hit hard by losses from ailing Farfetch
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[K-pop’s dilemma] Time, profit pressures work against originality
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Why femicide and dating violence are growing issues in S. Korea
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[Graphic News] Seoul among most expensive cities
Seoul has some of the highest prices for goods such as Starbucks coffee, Chilean wine, carbonated water, beef and imported fruits, according to data released by Consumers Korea on Monday.The organization examined the prices of 42 agricultural, livestock and processed products in June and October across 13 major cities in the world.Out of 42 products, Seoul turned out to have the highest prices for 35 items, earning the title of one of the top five most expensive cities.
IndustryJan. 13, 2015
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[Graphic News] SUVs lead Korea’s automobile exports
Korea’s auto export volume dropped for the second consecutive year, but its value edged up 0.6 percent on-year to an all-time high of $48.9 billion last year, according to government data. The Trade Ministry said in a report that the number of exported cars amounted to 3,061,000 units, a 0.9 percent decrease from 2013, mainly due to moribund European markets and GM Chevrolet pulling out of Western Europe. But the value of exports rose slightly as shipments of high-priced recreational vehicles, o
Jan. 12, 2015
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[Graphic News] Singapore’s broadband speed fastest in world: report
Broadband speed in Singapore is now the world’s fastest, according to a Federal Communications Commission report. In the third quarter of last year, Singapore recorded an average connection speed of 105.3 Mbps. Other Asian countries that topped the global list for fastest Internet speeds are Hong Kong (95.7 Mbps), Japan (69.7 Mbps) and South Korea (34 Mbps).Globally, the average connection speed was 4.5 Mbps, remaining above the 4 Mbps “broadband” threshold but declining by 2.8 percent from the
TechnologyJan. 11, 2015
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[Graphic News] Lower oil prices would boost growth
The Korea Development Institute forecast that the decline in global oil prices would have a positive effect on the Korean economy. In its report analyzing the relevance of oil prices and its economic impact, the state-run think tank said that if oil prices hold at $49 per barrel, the Korean economic growth rate would increase by 0.2 percentage points. It also stated that if oil prices drop by 10 percent, the nation’s production costs for overall industries would decrease by 0.67 percent, the ma
Jan. 8, 2015
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[Graphic News] Comparison of two Koreas’ military strength
DefenseJan. 7, 2015
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[Graphic News] Changes after handset subsidy law took effect
Nearly one hundred days have passed since the controversial handset subsidy law took effect.The law, which prohibits telecom firms and handset makers from providing subsidies higher than 300,000 won to attract customers, has affected the pattern of subscription of mobile phones.Due to the subsidy limit that started on Oct. 1, the number of new subscribers sharply decreased in the first month. But then it started to recover, which government officials said indicates that the mobile phone market d
TechnologyJan. 6, 2015
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[Graphic News] Shadow banking sector doubles in 5 years
The size of shadow banking in Korea doubled in five years, according to data released by the Swiss-based global monitoring body Financial Stability Board on Monday.The value of the shadow banking industry, which mainly refers to nonbank financial intermediaries that provide services similar to traditional banks under less strict regulatory oversight, reached about $1.47 trillion in 2013, or 113.4 percent of the country’s GDP, the FSB said. Following the subprime meltdown in 2008 and the global f
Jan. 5, 2015
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[Graphic News] Top 10 stock billionaire celebrities
The founders of Korea’s major star management companies snagged the top four slots on the list of Korea’s stock-rich celebrities in 2014, an online business researcher’s data showed recently. As of Dec. 30, Yang Hyun-suk, the founder of YG Entertainment, topped the list with his listed stocks worth about 185.8 billion won ($168.2 million), according to Chaebol.com. Lee Soo-man, the founder of S.M. Entertainment, ranked No. 2 with 149.3 billion won. Actor and KEAST majority shareholder Bae Yong-j
IndustryJan. 4, 2015
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[Graphic News] Change in Korea since 1945 liberation
Jan. 1, 2015
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[Graphic News] Park’s rollercoaster approval ratings
PoliticsDec. 31, 2014
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[Graphic News] Superrich taxpayers increase in number
More than 3,000 people earned financial investment income of 500 million won ($455,290) or more last year, according to the National Tax Service’s annual report.The individuals earned an average 2.4 billion won, and of this amount, 1.7 billion won or 71 percent comprised interest or dividend income, the data showed.The total amount of financial income reported to the tax office last year was 28 trillion won. Though the number of superrich only took 2.4 percent of the total list, their financial
Dec. 29, 2014
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[Graphic News] Nearly 13,000 private hacking attacks reported in 2014
The number of cyberattacks reported by individuals against hackers reached almost 13,000 this year, the state-run Internet agency said Thursday. According to the Korea Internet and Safety Agency, the number of hacking attacks reported to the Cyber Bureau and supervising organizations stood at 12,847 cases over the first 10 months of this year, up by 21.2 percent from 10,600 cases in 2013.The number of reported hacking attacks peaked between February and April, with a monthly average of 1,600-1,9
Social AffairsDec. 25, 2014
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[Graphic News] Binge drinking rife among Koreans
The number of South Koreans who indulge in excessive alcohol consumption has gone up by 14 percent on-year,the Ministry of Food and Drug Safety said Tuesday.According to the survey conducted by the ministry on 2,000 adults across the nation in July, men consumed an average of 1.3 liters of beer per session while women consumed 940 ml.The World Health Organization recommends an average of 1.1 liters of beer on one occasion for men and 560 ml for women.By age, 86.7 percent of those in their 20s ha
Social AffairsDec. 23, 2014
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[Graphic News] U.S. mulls relisting N.K. as state sponsor of terrorism
North KoreaDec. 22, 2014
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[Graphic News] Korea tops per capita ramen consumption
The average person in Korea consumes more instant ramen noodles than any other place in the world, a recent report showed.Each resident eats about 74.1 servings of ramen per year, the Ministry of Agriculture, Food and Rural Affairs said. Officials cited last year’s data from the World Instant Noodle Association, which studied ramen consumption in 15 countries. The report put Vietnam and Indonesia at a distant second and third place with 60.3 and 57.3 servings, respectively.In terms of overall co
Social AffairsDec. 21, 2014
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[Graphic News] Who’s who in document leak case
What the opposition parties are calling “Chung Yoon-hoi gate” has engulfed the political arena from the National Assembly to the presidential office, overshadowing issues now for weeks. The prosecution has been digging for the truths in the convoluted case, but little has been determined conclusively, with those involved making more accusations and denying those raised against them as the investigation pans out. Those whom the prosecution point to as the culprits have claimed innocence ― one wit
PoliticsDec. 18, 2014
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[Graphic News] A map of Islamic State supporters
Amid the rise of Islamic State, or IS, the Jihadist militant group that has seized large swathes of Syria and Iraq, it was revealed that a significant number of IS fighters are neither Iraqi nor Syrian. The U.S. Central Intelligence Agency estimated that more than 12,000 foreign nationals from at least 81 countries are a part of the radical Islamist group. Most of the foreign IS fighters come from North Africa and the Middle East, with Tunisia (3,000) being the biggest exporter of the extremists
World NewsDec. 17, 2014
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[Graphic News] Korea’s gross national income up by 30,000-fold
South Korea’s nominal gross national income has increased about 30,000-fold in 60 years from 48.3 billion won ($44 million) to 1,441 trillion won, according to the adjusted national accounts released by Bank of Korea on Monday.The GNI per capita has gone up about 400-fold from $67 to $26,205.The results showed that the proportion of households in GNI has been gradually decreasing from 79 percent in 1975 to 61 percent last year, while that of corporations jumped from 9 to 26 percent.Meanwhile, th
Dec. 16, 2014
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[Graphic News] Bank loans per person continue to rise
The number of debtors and their loan balances from local banks are projected to hit record highs this year amid rising household debt, industry data indicated Monday.Some 10.5 million people took out loans from commercial banks as of the end of June, data showed, totaling 487.7 trillion won ($442.6 billion). The figure peaked at 10.45 million people in 2012 and dipped to 10.44 million in 2013.The loan total translates to individual debtors owing 46.41 million won each on average.Market watchers
Dec. 15, 2014
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[Graphic News] Mobile shopping on the rise
South Korea is witnessing a surge of mobile shoppers on the strength of the solid broadband network and consumers’ preference for faster and easier shopping experiences on the go. The ratio of consumers who use their smartphones to shop online rose to nearly 60 percent this year, sharply up from 24 percent in 2012. The increase in mobile shopping is largely attributed to the growing number of smartphone users in the country. The Ministry of Science, ICT and Future Planning said the number of Kor
TechnologyDec. 14, 2014