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] 1 in 10 Korean teenagers suffers depression
One in 10 teenagers in Korea suffers from depression, data showed Thursday.About 490,000 or 11.2 percent of teenagers aged 12 to 18 had experienced severe sadness or depression that lasted for about two weeks last year, according to Korea Centers for Disease Control and Prevention data.The data showed that the number teenagers feeling depressed went up by 2.7 percent in the past four years, with more girls feeling depressed than boys.The rate of depression in girls rose each year to reach 16 per
Social AffairsOct. 16, 2014
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[Graphic News] Africa urges quicker Ebola response
Leaders of the three West African nations hardest hit by Ebola sought support from the international financial community amid warnings that the widening epidemic is devastating the region’s fragile economies. The presidents of Liberia, Sierra Leone and Guinea discussed strategies to combat the deadly virus during a meeting in Washington of the World Bank and the International Monetary Fund. The World Bank, which provides loans and funding to developing nations, has pledged $400 million to help c
World NewsOct. 15, 2014
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[Graphic News] Low earners gain least from Park’s health policy
Fewer low-income earners in South Korea have benefited from the national health insurance program’s increased coverage of expenses related to the “four major diseases” that require costly treatment, including cancer and heart disease, while high-income earners recouped far more benefits from the policy, according to Rep. Ahn Cheol-soo’s office.The four serious diseases are cancer, heart disease, cerebrovascular disease and a total of 138 incurable conditions such as Crohn’s disease.According to
PoliticsOct. 14, 2014
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[Graphic News] Korea has highest mobile phone prices in OECD
Mobile phones in South Korea were the most expensive in the Organization for Economic Cooperation and Development, according to government data released Sunday.The initial price upon release for handsets stood at $230.56 last year, followed by Japan with $200.72. The U.S. ranked 18th place with $107.55.Prices have been decreasing annually since 2011, but it still came higher than Japan, which had been considered generally expensive.In contrast, prices of premium phones has been on the rise annua
World NewsOct. 13, 2014
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[Graphic News] 1 in 4 Korean boys suffers from obesity
One in four South Korean male children aged 5 to 17 are obese, a rate that is higher than the OECD average, according to the nation’s Health Ministry.According to the ministry, 25 percent of young male Koreans are obese, compared to the OECD average of 23 percent.The ministry announced the statistics using Organization of Economic Cooperation and Development data from no earlier than 2010. “Some 60 percent of obese children end up becoming obese as adults as well,” said the Health Ministry in a
TechnologyOct. 12, 2014
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[Graphic News] Half of major firms’ board members come from SKY, overseas schools
Almost half of the executives at affiliates of the nation’s top 10 companies were found to be graduates of South Korea’s leading three universities or from schools abroad, according to Chaebul.com, a website devoted to conglomerate data. Up to 594 ― or 23.9 percent ― of the 2,483 surveyed executives were graduates of Seoul National University, Korea University and Yonsei University, while another 22.6 percent were from overseas universities as of last year. Among the executives, 10.2 percent wer
IndustryOct. 9, 2014
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[Graphic News] More than 1,200 schools have sex offenders living nearby
The number of sex offenders who live near schools stood at 5,098 as of this year, with 1,273 schools affected, data showed Wednesday. According to the Ministry of Education, 4,270 sex offenders live near elementary schools while 635 and 191 sex offenders live near middle and high schools, respectively.An average of 7 in 10 schools in Korea are located in a neighborhood where at one sex offender lives. And 102 schools are within a 1 km radius of the residences of more than 10 sex offenders. Paren
Social AffairsOct. 8, 2014
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[Graphic News] Public pension recipients to increase 8.2% next year
The number of South Koreans receiving public pension payments will rise by 8.2 percent next year, according to a government report submitted to the National Assembly.The public pension system consists of four pension programs, including the state pension and separate programs for public servants, military officers and public school teachers.According to the report, 4.69 million Koreans will receive public pension payments next year, while only 4.33 million received them this year. In total, some
Social AffairsOct. 7, 2014
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[Graphic News] Korea’s national debt rises
The South Korean central government’s debt is on the rise, according to government data released Monday. The debt is expected to grow this year to 496.8 trillion won ($464 billion), up 7 percent from 464 trillion won last year, according to a mid-term debt management plan submitted to the National Assembly.The interest on that debt is an expected 21.2 trillion won, up 12 percent on-year, as state borrowing continues to rise. This is the first time in the country’s history that interest on debt h
Oct. 6, 2014
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[Graphic News] Kakao founder tops IT rich list
Kim Beom-su, the founder of mobile messenger service Kakao Inc., has become Korea’s wealthiest IT entrepreneur by stock value, financial market researcher’s data showed. After Kakao merged with the country’s No. 2 portal Daum Communications Co., Daum shares have rallied on the tech-focused secondary bourse KOSDAQ, according to recent data provided by corporate financial information provider FnGuide.Lee Hae-jin, the founder and CEO of the country’s biggest portal Naver and who had long held the t
TechnologyOct. 5, 2014
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[Graphic News] Ebola infects over 6,500
The world’s largest outbreak of Ebola has infected more than 6,500 people across five West African countries and killed nearly 4,000 since the start of the year, according to the World Health Organization.The first case of Ebola diagnosed in the U.S. was confirmed Tuesday in an unidentified man who recently traveled from Liberia to Dallas, according to the Centers for Disease Control and Prevention.
World NewsOct. 1, 2014
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[Graphic News] Korean-made luxury cars regain 30% market share
South Korean premium cars have regained a 30 percent market share at home, according to data provided by the Korea Automobile Manufacturers Association and the Korea Automobile Importers and Distributors Association. Locally made cars accounted for 32.9 percent, or 47,119 units out of 143,123 premium vehicles ― those with a sticker price of over 40 million won ($ 37,850) ― sold in the first eight months of 2014.The rise was thanks to strong demand for Hyundai Motor’s brand new Genesis sedan, whi
IndustrySept. 30, 2014
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[Graphic News] U.S.-led strikes hit IS oil targets
U.S. aircraft were flying “near continuous” bombing raids against Islamic State militants in Syria, officials said late Friday, after Britain and two more EU nations agreed to join the U.S.-led air armada. The mission is now similar to U.S.-led air raids undertaken in Iraq, a senior U.S. defense official said. Belgium, Britain and Denmark earlier approved plans to join the war in the air, but Washington warned that up to 15,000 “moderate” rebels would need to be trained and armed to beat back th
World NewsSept. 28, 2014
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[Graphic News] Rents grow far faster than income
The price-to-income ratio of “jeonse” rental deposits reached 6-to-1 in Seoul from 2004 to hit a decade high, according to data from Statistics Korea. The PIR of rental deposits is a ratio of median house rental prices to annual average household income. The latest numbers indicate that to pay a rental deposit in Seoul, households must spend up to six times their annual income. The data was based on the rental deposit prices of 8.9 million households as of last month, and the average nationwide
Sept. 25, 2014
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[Graphic News] South Korea’s suicide rate takes an upward turn
South Korea’s suicide rate rose 1.5 percent to 28.5 deaths per 100,000 people last year from the rate in 2012, according to Statistics Korea on Wednesday. The data showed that about 40 people took their own lives every day last year. The nation has had the highest suicide rate among member nations of the Organization for Economic Cooperation and Development for 10 straight years, Statistics Korea said. After reaching a peak in 2011, the nation’s suicide rate fell slightly in 2012 before edging u
Social AffairsSept. 24, 2014
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[Graphic News] Labor participation rises among women in 20s
The labor participation rate for women in their 20s stood at 64.6 percent in the second quarter of this year, up from 63.3 percent in the previous quarter, government data showed. The figure is higher than the rate of 62 percent for men of the same age group, while the gap between men and women was the largest since the second quarter of 2012, according to Statistics Korea. The trend is mostly due to low birthrates and a decline in marriages, the agency said. The number of babies born in South K
Sept. 23, 2014
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[Graphic News] Koreans drink more coffee, eat less rice
South Koreans tend to drink coffee far more often than they eat their traditional staple food, data showed Sunday.According to the Korea Centers for Disease Control and Prevention, Koreans drank coffee 12.3 times per week in 2013, while they ate foods such as cabbage kimchi 11.8 times, multigrain rice 9.5 times and white rice seven times.Koreans’ coffee-related calorie intake also went up, quadrupling over the past decade in a reflection of the amount of artificial sweeteners in coffee.The propo
Social AffairsSept. 22, 2014
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[Graphic News] Autumn foliage arrives in late September
This year’s autumn foliage is expected to begin late this month in the mountainous Gangwon Province. The leaves will turn a couple of days later than usual due to higher-than-average temperatures and low rainfall during the summer, the Korea Meteorological Administration said.According to the KMA, leaves will start to show color on Mount Seoraksan on Sept. 28, Mount Odaesan on Oct. 3 and Mount Chiaksan on Oct. 8. Mount Seoraksan and other popular destinations across the nation attract a large nu
Social AffairsSept. 21, 2014
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[Graphic News] Seoul women wait longest to have kids
Almost three-quarters of women who gave birth last year in Seoul were in their 30s, according to the city’s municipal government. Women in Seoul on average gave birth to their first child at age 31.5 last year, and 74 percent of those who experienced pregnancy and childbirth were in their 30s, the government said.Seoul had the lowest birthrate among all Korean cities and provinces last year, according to Statistics Korea. The capital city’s women also gave birth for the first time later in life.
Social AffairsSept. 18, 2014
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[Graphic News] Top 4 chaebol create 140tr won in economic value
The economic value created by South Korea’s four largest conglomerates reached 140.2 trillion won ($135.8 billion) in 2013, accounting for 9.7 percent of the country’s GDP, a report by a corporate research firm said Wednesday.According to CEO Score, analyses based on audits submitted to the state financial regulator last year showed Samsung Group, the country’s No. 1 family-run conglomerate with 19 listed companies, generated economic value worth 68.37 trillion won, or 4.7 percent of the GDP.Thi
IndustrySept. 17, 2014