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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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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NewJeans' members' parents complained to Hybe, email shows
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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] Number of Korean centenarians surges
The number of South Koreans aged 100 and older soared to top 3,000 last year as the country is rapidly heading to an aged society, government data showed Monday.A total of 3,159 centenarians were living in the country whose total population amounts to 50.62 million as of November 2015. The number is up from 1,835 tallied five years earlier, according to the census data compiled by Statistics Korea. Among the centenarians, 2,731, or 86.5 percent, are female. Their secret to living a long life is
July 26, 2016
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[Graphic News] More Chinese tourists visit Japan than Korea in Q1
More Chinese tourists visited Japan than South Korea in the first quarter of this year, data showed Monday.According to Bloomberg and the China Outbound Tourism Research Institute, 735,000 backpackers from China visited Korea, a 9.6 percent increase from a year earlier. In contrast, Japan saw 913,000 Chinese tourists during that period, about double the same period last year. The Chinese travelled to Thailand the most. The boost in Japanese tourism comes from its eased tourist visa rules for the
IndustryJuly 25, 2016
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[Graphic News] Global climate breaks new records
Global temperatures for the first six months of this year shattered yet more records, and mean that 2016 is on track to be the world’s hottest year on record.Arctic sea ice melted early and fast, another indicator of climate change. Carbon dioxide levels, which are driving global warming, have reached new highs.Two separate reports from the U.S National Oceanic and Atmospheric Administration and NASA’s Goddard Institute for Space Studies both highlighted the dramatic and sweeping changes in the
World NewsJuly 24, 2016
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[Graphic News] Telecom firms projected to record stable Q2 earnings
South Korea‘s three major telecom operators are projected to post stable earnings in the second-quarter of this year, on the strength of curbs on their marketing spending, an industry survey showed Thursday. Under a law that took effect early last year, telecom forms are banned from waging fierce competition by wooing customers with hefty subsidies. The combined revenue of SK Telecom, KT and LG Uplus is expected to grow 2.3 percent on year to 12.6 trillion won ($11.04 billion) in the April-June
July 21, 2016
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[Graphic News] Koreans spend $3,000 annually on insurance
South Koreans paid more than 3.4 million won ($3,000) in insurance premiums per policy for the year that ended in March, a market researcher said Wednesday.South Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared with $2,332 in 2010, referring to per capita premiums, according to Swiss Re, the world’s second-largest reinsurer based in Switzerland, in its sigma report. It said South Korea’s premium per person is the 18th-highest in the world, ranking five places hi
IndustryJuly 20, 2016
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[Graphic News] Short-term floating capital hits record high
The volume of short-term “floating” capital in Korea is set to surpass 1,000 trillion won ($870 billion) due to record-low interest rates and increased uncertainties, data indicated Monday.According to the Bank of Korea and the Korea Financial Investment Association, the idle cash and other short-term capital hit an all-time high of 958.9 trillion won as of end-May, up 15.1 trillion won from a month earlier. It stood at 866.3 trillion won in May last year.By asset type, cash came to 80.1 trillio
July 19, 2016
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[Graphic News] Global oil consumption on steady increase
Despite global efforts to reduce greenhouse gases, the world’s oil consumption is steadily increasing, according to an energy review by British Petroleum.The report said the global oil consumption per day on average stood at 95 million barrels last year, a 2 percent increase from the previous year and 3.2 percent higher than 2013.The U.S. and China took a combined share of nearly one-third of global oil consumption. South Korea ranked eighth in the world. Analysts said some advanced countries in
July 18, 2016
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[Graphic News] ‘Pokemon Go’, global sensation among smartphone users
“Pokemon Go” developed by mobile game maker Nintendo has become a global sensation since its release in early July. Although the popular augmented reality game has not been released in South Korea yet, an estimated 1 million South Koreans have downloaded “Pokemon Go,” according to market research firm WiseApp. Players of “Pokemon Go” spend more time on average on the game then social media platforms. As of July 11, the average time spent on the mobile game was 33 minutes 25 seconds per day, long
TechnologyJuly 17, 2016