Most Popular
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Probe of first lady on Dior bag allegations set to begin
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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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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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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Police seek arrest warrant for med student who killed girlfriend
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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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[Graphic News] Electric car sales surging: IEA
The number of electric vehicles on the road rocketed to 2 million in 2016, having been virtually nonexistent just five years ago, according to the International Energy Agency. Globally, 753 000 plug-in electric vehicles were sold in 2016, 60 percent of which were battery-electric cars. China remained the largest market for electric vehicles for a second consecutive year and, in 2016, accounted for close to half of global sales. Europe represented the second-largest global market, followed by t
BusinessDec. 20, 2017
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[Graphic News] Japan best country for older people
Japan is the best country in Asia for older people to live, according to the Global AgeWatch Index. There is high satisfaction with Japan’s social connectedness, safety and civic freedom, according to the index, which measures the quality of life for people aged 60 and older based on factors such as income security, health and personal capability. The Global AgeWatch Index 2015 by HelpAge International assessed 96 countries to determine the best places for older people to live. The countries in
WorldDec. 19, 2017
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[Graphic News] Online holiday shopping rises in US
As the Christmas shopping season enters its final phase Friday, for the first time, a majority of Americans, 53 percent, have said they were very or somewhat likely to do their Christmas shopping online this year. This is the highest percentage since Gallup first asked the question in 1998. Meanwhile, the percentages of Americans shopping for gifts in department stores and discount stores have slowly been declining, but these still beat the internet as places Americans will shop for the holiday
World BusinessDec. 18, 2017
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[Graphic News] Seoul 3rd most expensive city in Asia for expats
Seoul has ranked as the third most expensive location in Asia for expatriates, according to the latest cost of living survey by ECA International. Korea’s second-largest city Busan also placed 10th, according to the survey. Tokyo retained its crown atop the Asia-Pacific pack, as a financial hub. Hong Kong was No. 2. The survey was based on cost of living, salary, accommodations, taxes, labor laws, benefits and quality of life for international assignees in over 262 cities worldwide.
World BusinessDec. 17, 2017
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[Graphic News] NK threats energize S. Korean arms market
Faced with constant missile and nuclear threats from its belligerent northern neighbor, South Korea is boosting its arms sales and aims to become a major exporter, a study said. South Korea‘s arms industry accounted for 2.2 percent of the global top 100 producers’ sales in 2016, the Stockholm International Peace Research Institute said in a report listing the world‘s “top 100” military services. South Korean arms-producing companies’ combined sales totaled $8.4 billion the same year with a 20.6
North KoreaDec. 14, 2017
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[Graphic News] Angkor Wat tops list of best UNESCO heritage sites
Cambodia‘s Angkor Wat has been named the best UNESCO world heritage site in the world, according to a leading international travel website. The list, which is compiled annually, looks at travelers’ reviews of UNESCO sites on TripAdvisor throughout the year, bringing them together to find the best rated. India‘s Taj Mahal was named the second-best heritage site, followed by China‘s Great Wall, Machu Picchu and the Iguazu Falls in South America.
WorldDec. 13, 2017
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[Graphic News] Facebook tops list of best places to work
Facebook has been named the best place to work in the US, according to a list released by Glassdoor, a career listing and employer review site. Global management consulting firm Bain & Company ranked as the second best place to work, followed by Boston Consulting Group, In-N-Out Burger and Google. The ranking was based on employee reviews, which touch on how satisfied employees are with the employer, CEO and other key workplace factors.
World BusinessDec. 12, 2017
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[Graphic News] Singapore has the lowest fertility rate
The statistics show the 10 countries with the lowest fertility rates in 2017. The fertility rate is the average number of children born per woman of child-bearing age in a country. The fertility rate in Singapore was estimated to be at 0.83 children per woman, making it the lowest fertility rate worldwide, according to data released by online statistics company, Statista. South Korea has one of the lowest birthrates of any country in the world this year.
WorldDec. 11, 2017
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[Graphic News] S. Korea 4th easiest in world to do business
South Korea ranked No. 4 among the easiest places in the world to do business, according to the “Doing Business 2018: Reforming to Create” report released by the World Bank. New Zealand was No. 1, followed by Singapore and Denmark. Starting a new business in New Zealand takes the fewest procedures (one) and shortest time to fulfill (0.5 day), according to the report. The ranking uses 11 indicators to measure aspects of business regulation across 190 countries worldwide. Of the top 20 economies
World BusinessDec. 10, 2017
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[Graphic News] A day in Seoul in numbers
Social AffairsDec. 7, 2017
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[Graphic News] Online shopping purchases continue to rise
Purchases made via the internet and mobile devices in South Korea continued to rise in October, as the use of smartphones has fully caught on with local consumers, government data showed. Transactions made by smartphones and tablets reached 6.33 trillion won ($5.83 billion) in the one-month period, up a solid 9.9 percent from a year earlier, according to data from Statistics Korea. In particular, the total amount of mobile transactions, valued at 4.03 trillion won, accounted for 63.6 percent of
BusinessDec. 6, 2017
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[Graphic News] Which Asian country contributes most to UN’s budget?
Asian countries contributed almost 25 percent of the UN’s regular budget, with Japan contributing the most in the region, followed by China, Australia, South Korea and India, according to the latest data. The UN’s total budget for the year 2016-2017 was $5.6 billion. China was the third-largest contributor in the world and second in Asia, providing 7.92 percent of the budget. Australia contributed 2.3 percent, which made it the third-largest contributor in Asia. South Korea was the fourth-lar
WorldDec. 5, 2017
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[Graphic News] World suffers massive data hack
The 2016 data hack on 57 million Uber riders and drivers is among the biggest ever thefts of online users’ personal information. Here are some previous cases: In 2013, Yahoo was hit by hackers that affected all 3 billion accounts, which was the biggest cyberattack in history, and another attack affected 500 million accounts in 2014. Both were revealed in 2016. In 2014, South Koreans scrambled to stop money being siphoned from their bank accounts after it emerged that data on 20 million credit
World BusinessDec. 4, 2017
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[Graphic News] Car accidents, damage from senior drivers increasing
The number of car accidents caused by senior drivers more than quadrupled over the past 10 years, according to data. The accident tally for private drivers from the Korea Insurance Development Institute showed there were some 29,000 accidents caused by drivers aged 70 or over, up from 7,000 in 2006. These senior drivers last year accounted for 3.8 percent of all car accidents, up from 1.3 percent in 2006. The amount of damage caused by elderly drivers consequently increased, from 53.8 billion w
Social AffairsDec. 3, 2017
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[Graphic News] Beijing tech hub beats Silicon Valley to be No. 1
Beijing’s Zhongguancun has unseated San Francisco’s Silicon Valley as the top technology hub in the world, according to a report by the US-based business resource company Expert Market. Zhongguancun tech hub has become the top destination for the world’s brightest tech talents due to its favorable climate for early stage funding, good performance in startup output and the city’s affordable cost of living, revealed the Top Tech Cities in the World 2017 report. The ranking was based on factors su
World BusinessNov. 30, 2017
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[Graphic News] Jeff Bezos becomes world‘s richest person
Amazon.com founder Jeff Bezos is now the world’s richest person, with a net worth of over $100 billion, according to the Bloomberg Billionaires Index. Bezos founded Amazon in 1994 and since his humble beginnings trading out of his garage, he has been in a race to the top of the billionaires index. Gates has been knocked down to second wealthiest, with a net worth of approximately $88.9 billion. Investor Warren Buffett is third at some $78.9 billion. Samsung Group Chairman Lee Kun-hee ranked No.
WorldNov. 29, 2017
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[Graphic News] Catholics rise in Asia and Africa, decline in Europe
The statistical yearbook of the Vatican registers an overall increase of 1,285 million of baptized Catholics in 2015, with 49 percent living in the Americas. In five years, Catholics in Asia, and especially in Africa, have grown from 15.5 percent to 17.3 percent of the world‘s total. Of the world‘s Catholics, almost 49 percent live in Latin America, including the Caribbean. Europe is home to 22.2 percent of the global Catholic population; 17.3 percent are in Africa; 11 percent are in Asia; an
WorldNov. 28, 2017
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[Graphic News] Copenhagen ranks as world’s smartest city
Copenhagen is found to be the ultimate smart city with Singapore trailing close behind in second place, according to the 2017 Smart Cities Index produced by European parking app EasyPark, The Danish capital is ranked at the top for scoring particularly high marks in terms of smart parking, smart buildings, robust business ecosystems and smartphone penetration. Cities like Stockholm, Zurich, Boston trailed close behind in third, fourth and fifth, with Tokyo being the only other Asian city making
WorldNov. 27, 2017
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[Graphic News] Myeongdong ranks 8th most expensive retail street in world
South Korea's Myeongdong has been ranked world’s 8th most expensive retail district with annual rents at $914 per square foot, according to Cushman & Wakefield’s 2017 Main Streets Across the World retail report New York's 5th Avenue retained the most expensive main street in the world with annual rents at an average of $3,000 per square foot per year. Hong Kong's Causeway Bay ranked as Asia’s most expensive street with annual rents at $2,725 and placed second globally The report is based on re
World BusinessNov. 26, 2017
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[Graphic News] Korea tops PISA scale in collaborative problem-solving
South Korean youths scored the highest in terms of their collaborative problem-solving abilities at the Program for International Student Assessment 2015 test among 51 member countries of the Organization for Economic Cooperation and Development. PISA is an international assessment of students’ abilities in reading, mathematics and science at age 15. In 2015, PISA examined for the first time how well students cooperate with one another in solving problems. They also looked at students’ attitu
Social AffairsNov. 23, 2017