Most Popular
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Controversy rekindled over when to name criminals, suspects
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Seoul transit pass for travelers to be available starting July
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Hybe-Ador CEO conflict gets messier
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
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Battery makers ramp up efforts to diversify graphite supply chain
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Prosecutors to summon pastor who allegedly gave Dior bag to first lady
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‘Monk’ DJ spreading Buddhism goes global
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[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
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[Drama Tour] Romantic trip to ‘Queen of Tears’ filming spots
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Court's ruling set to shape path of medical school expansion
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[Graphic News] Samsung heir becomes 4th-richest stockholder in Korea
Lee Jay-yong, vice chairman of Samsung Electronics and heir apparent to its parent Samsung Group, has emerged as the fourth-richest stockholder in South Korea following last week’s high-profile listing of Samsung SDS, data showed Sunday.As of Friday when Samsung SDS shares went public, the value of listed shares held by Lee was tallied at 3.85 trillion won ($3.5 billion), up two notches from the previous ranking, according to Chaebul.com, an online research firm providing information on Korean c
IndustryNov. 16, 2014
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[Graphic News] Tourists on cruise ships top 1 million
The number of foreigners visiting South Korea on cruises is expected to exceed 1.05 million by the end of this year, according to the Ministry of Oceans and Fisheries.The ministry said Wednesday that it welcomed the millionth visitor at the International Cruise Terminal in Busan.Only about 280,000 inbound visitors came in by cruise ship in 2012, but the number soared to 790,000 last year and passed 1 million this year.Industry watchers attributed the rise to Chinese tourists’ increasing interest
Nov. 13, 2014
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[Graphic News] UNHCR slashes winter aid in Iraq, Syria amid funding gap
The U.N. refugee agency said Tuesday it had been forced to slash the number of people it can help prepare for winter in conflict-ravaged Syria and Iraq for lack of funds.“The whole humanitarian community is facing shortfalls. People are becoming numb,” said Amin Awad, who heads UNHCR’s Middle East and North Africa bureau, lamenting that his agency was having to make “tough choices.”The agency said it was facing a shortfall of $58 million for its efforts to prepare millions of displaced people in
World NewsNov. 12, 2014
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[Graphic News] Korea-China FTA to boost trade volume
The Korea-China free trade pact, concluded on Monday after more than two years of negotiations, is expected to significantly boost the countries’ annual trade with China to $300 billion in 2015, according to the Ministry of Trade, Industry and Energy. The number of items included in the Korea-China FTA is relatively small, compared to free trade deals with other major economies, but this FTA is set to have a great impact on both countries’ economic development. The reason for the inclusion of sm
Foreign AffairsNov. 11, 2014
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[Graphic News] Korea’s FTA at a glance
Over the past decade, the export-driven South Korean economy has favored bilateral free trade pacts in a bid to expand trade volume. As of March in 2014, Korea had signed 12 free-trade agreements with its key trade partners ― nine of which are effective and four that are pending ― covering almost 73 percent of the world’s markets. Starting from the country’s first FTA deal with Chile, which went into effect in 2004, Korea has been actively working to secure bridgeheads for bilateral economic coo
PoliticsNov. 10, 2014
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[Graphic News] World’s fastest elevator to be in China
The world’s fastest elevator is to be installed in a skyscraper currently under construction in the southern Chinese city of Guangzhou.The elevator at the CTF Financial Center, to be completed in 2016, will ascend at 20 meters per second, allowing it to reach the 95th floor in just 43 seconds. The second-fastest lift will be in China’s 121-story Shanghai Tower, which will travel at 18 meters per second. The building is to open in 2015. Before Chinese elevators stole its crown, the elevator in th
InternationalNov. 9, 2014
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[Graphic News] Korean children least happy in OECD
South Korean school children were the least happy among those in OECD countries, a recent survey showed.In the latest survey, the subjective happiness index of South Korean children was 60.3 percent, which was the lowest among the OECD countries.Some of the major reasons behind the statistics include lack of leisure time and hobbies, as well as stress over academic obligations.South Korea’s schoolchildren were found to be the unhappiest in the OECD in previous years, with 64.3 points in 2009, 65
Social AffairsNov. 5, 2014
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[Graphic News] Korea ranked 25th most prosperous country
Korea was the 25th most prosperous country in the world this year, moving up one notch from last year, according to a global index.The annual prosperity index, compiled by the Legatum Institute, ranks nations on eight indicators, including wealth, health, education and personal freedom. Korea’s ranking of 25th overall made it the fifth most prosperous country in Asia following Singapore at 18th, Japan at 19th, Hong Kong at 20th and Taiwan at 22nd. Norway topped the list for the sixth consecutive
Social AffairsNov. 4, 2014
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[Graphic News] Greenhouse gas levels reaches 800,000-year high
The Intergovernmental Panel on Climate Change warns that greenhouse gas emissions from fossil fuels must be eliminated almost entirely within the century to prevent irreparable environmental impact. According to the IPCC, the Earth’s average temperature has risen by 0.85 degrees Celsius over the past 133 years, while the sea level has risen 19 centimeters over the past 110 years. With greenhouse gases from fossil fuels seen as the key component in the changes, emissions must be cut by as much as
Social AffairsNov. 3, 2014
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[Graphic News] Mobile subscribers drop
The number of South Korean subscribers to mobile communication services provided by three telecom companies stood at 50,700 on average per day last month, according to the ICT Ministry and the Korea Communications Commission.It dropped more than 24 percent from the previous month’s daily average of 66,900 following a new law governing the distribution of mobile devices and their subsidies, which took effect in October.The two agencies, however, said the mobile communication market was showing si
TechnologyNov. 2, 2014
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[Graphic News] Korea logs record tourism profitsTourism
South Korea achieved record-high tourism income in September, due to an increase in the number of Chinese visitors, according to data by the Bank of Korea and the Korea Culture and Tourism Institute.The nation’s total tourist income reached $1.76 billion last month, exceeding $1.7 billion for the first time and marking a 35 percent leap from the same period in the previous year. Also, related businesses turned net profits for the first time in 28 months.The gain was mostly attributed to the grow
Oct. 30, 2014
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[Graphic News] Temporary workers on the rise in Korea
The number of temporary workers in South Korea has exceeded 6 million this year for the first time, according to government figures Wednesday. As of August, there were a total of 6.07 million temporary workers here, Statistics Korea said. The figure was up by 131,000 people compared to a year earlier. Among the different types of temporary workers, the number of part-time employees working for designated periods of time grew the most, increasing by 148,000 to reach 2.03 million, the figures show
IndustryOct. 29, 2014
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[Graphic News] Idle corporate money hits record high
Investors are increasingly facing difficulty in finding appropriate investment instruments to park their money for decent returns amid a bearish run on the local stock market and lingering economic uncertainties, data showed Tuesday.The country’s short-term funds, including currency in circulation, all financial products with a maturity of less than six months, and money parked for stock investment, amounted to a record 757.4 trillion won ($720 billion) as of the end of August, a sharp increase
Oct. 28, 2014
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[Graphic News] Ranges of N.K.’s ballistic missiles
U.S. Forces Korea Commander Curtis Scaparrotti said Friday that North Korea was thought to have the capability to miniaturize a nuclear warhead. His remarks escalated concerns that Pyongyang is getting close to weaponizing its nuclear capability by placing it atop a missile, which could pose a threat not only to South Korea but also to the U.S. The North conducted nuclear tests in 2006, 2009 and last year, and experts say Pyongyang might have accumulated the technology to build nuclear warheads
North KoreaOct. 27, 2014
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[Graphic News] Google executive Alan Eustace sets world skydiving record
Alan Eustace, a senior vice president of Google, has broken the world altitude record for a parachute jump that was set just two years ago. The 57-year-old jumped from near the edge of the stratosphere in a specially-designed spacesuit over the southern New Mexico desert. The American hit a top speed of 1,321 kph during a freefall that lasted four minutes and 27 seconds. He exceeded the speed of sound, setting off a small sonic boom.He set off from a runway in Roswell, New Mexico, connected to a
World NewsOct. 26, 2014
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[Graphic News] Unhealthy teen habits getting worse
Roughly 1 in 7 male students in middle and high school smoke, a recent report by the state-run Korea Centers for Disease Control and Prevention showed.The study on 80,000 students across Korea showed that the 14 percent of teenage boys smoked at least once a month. However, the smoking rates for girls have fallen steadily, from 8.9 percent in 2005 to 4 percent in 2014.The report also showed that students are consuming more fast food, soft drinks and an increasing number are skipping breakfast, w
Social AffairsOct. 23, 2014
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[Graphic News] Korea’s coffee imports to hit record
The amount of coffee imported to Korea is expected to reach a record high this year amid burgeoning demand, according to statistics from the Korea Customs Service.The agency said coffee ― including green beans and roasted beans ― imported during January to September this year weighed 99,372 tons. The figure was up 18.7 percent compared to the 83,693 tons in the same period last year. It surpasses the previous high of 92,040 tons recorded in 2011, the largest amount since 1990.The value of the im
Oct. 22, 2014
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[Graphic News] Unified Korea’s per-capita GDP to $70,000 in 2050: study
The gross domestic product per capita of a unified Korea would reach $73,747 in 2050, the second-highest GDP figure among G20 countries, according to a projection made on Monday.Professor Kim Byung-yeon of Seoul National University said a unified Korea’s economy would grow at an annual rate of 4.51 percent, with more than 50,000 jobs created each year from 2015 to 2050.Kim said a unified Korea’s GDP per capita would rank 11th ($35,718) among OECD member nations in 2030, and make a big jump to th
PoliticsOct. 21, 2014
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[Graphic News] Korean currency, stocks trail Asia rivals
South Korean currency and stocks have been the worst performers among emerging markets in Asia this month amid concerns of a slow economic recovery and a set of negative external factors, market data showed Sunday.According to the data, the South Korean won tumbled 2.06 percent against the greenback over the past 17 days, the largest drop among the currencies of seven emerging markets in Asia.Malaysia came next with a 0.4 percent drop in the value of its currency against the dollar, followed by
Oct. 20, 2014