Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Samsung doubles down on Vietnam
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NewJeans' members' parents complained to Hybe, email shows
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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Controversy brews over shakeup of prosecutors amid probe of first lady
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Suspect behind murder of Korean tourist in Pattaya arrested
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Prosecutors summon pastor involved in Dior bag scandal
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[Graphic News] Desktop ads to be hardest hit by smartphones
Global spending on ads for desktops will soon be hit hard by the rise of smartphones, data showed Wednesday.In 2015, expenditure on desktop advertising made up 19.5 percent of total global ad spending, while the proportion of mobile advertising stood at 10.4 percent, according to research provider Zenith in France.However, the proportion of mobile advertising is expected to sharply increase to 23.3 percent by 2018, in line with the surge in smartphone users. Meanwhile, the figure for desktop adv
IndustrySept. 21, 2016
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[Graphic News] A Twosome Place tops in sales among franchise coffee brands
Among 10 major franchise coffee brands in Korea, CJ Group’s A Twosome Place posted the highest annual sales per store, while Ediya Coffee operated the most number of franchises in 2015, government data showed Tuesday. A Twosome Place recorded some 482 million won ($431,500) in average yearly sales per store last year, according to a report by the Korea Fair Trade Mediation Committee.Trailing behind, SPC‘s Cafe Pascucci shops earned 370 million won on average, and Hollys Coffee posted 350 million
IndustrySept. 20, 2016
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[Graphic News] Korean exports' global market shares shrink
The global market shares of major Korean export products like ships and display panels are dwindling, indicating that their international competitiveness is weakening, according to a report on Sunday.The market share of Korea‘s top 13 export items accounted for 5.3 percent in the global market in 2015, shedding 0.4 percentage points from 2011, the Korea International Trade Association said in a report. The key export items include semiconductors, autos, ships, steel, flat panel displays, wireles
Sept. 19, 2016
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[Graphic News] Korean life expectancy rapidly increases
South Korea’s life expectancy has increased at a rapid rate over the past two decades, largely on advances in medical services, a report showed last week.According to the Korea Insurance Research Institute, South Korea’s life expectancy came to 81 years as of end-2013, up 8.6 years from 72.5 years in 1990.KIRI officials attributed the large increase to medical advances, with the life expectancy of people diagnosed with cardiovascular diseases growing an average 3.9 years, according to the report
Sept. 18, 2016
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[Graphic News] Strongest earthquakes on Korean Peninsula
World NewsSept. 13, 2016
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[Graphic News] Mobile shopping soars in Q2
Nearly half of consumers here -- 47 percent -- visited online shopping websites on their smartphones in the second quarter of this year, while 44 percent accessed such websites through computers, according to an e-commerce cloud service provider Monday.However, when it comes to purchasing goods online, payments via computers made up 61 percent of total e-commerce transactions, while purchases made on smartphones stood at 27 percent, Demandware said. Worldwide e-commerce transactions are expected
IndustrySept. 12, 2016
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[Graphic News] World’s richest individuals
Spanish fashion brand Zara’s founder is richer than Bill Gates or Warren Buffett, according to a Forbes list Thursday.Amancio Ortega, the founder and chairman of Inditex Fashion Group topped the world’s wealthiest list by Forbes. His net worth is $79.5 billion. Inditex is a Spainish multinational clothing corporate that operates multiple brands including the popular Zara.Bill Gates ranked second richest with $78.5 billion, while Amazon.com founder and CEO Jeff Bezos was third with $67.6 billion.
IndustrySept. 11, 2016
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[Graphic News] Cargo transportation hit by Hanjin crisis
Hit by the Hanjin Shipping crisis, the damage of cargo transportation has escalated. According to the Korea International Trade Association, a total of 161 export damage cases have been reported as of late Wednesday. The number is five times higher than when the association started to receive damage reports on Sept. 1. The financial losses are estimated to have reached about $70 million so far, the agency said. By types of damage, ship arrest accounted for the most, with 58 cases, followed by do
IndustrySept. 8, 2016
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[Graphic News] Korean overseas consumption hits record high
Korean households spent 13.61 trillion won ($12.27 billion) overseas in the first half of the year, 10.7 percent higher than the same period last year, the central bank said Wednesday.The figure compiled by the Bank of Korea excludes the money spent by Koreans on online overseas shopping or on business trips. The steep increase in overseas consumption appears to be correlated to the rise in the number of Koreans leaving the country for holidays, according to reports.The number of overseas travel
IndustrySept. 7, 2016