Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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[Weekender] Geeks have never been so chic in Korea
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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Human rights commission urges Korea to raise awareness of LGBTQ rights
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Teens banned from entering, working at 'hold 'em' pubs, cafes
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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
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[Graphic News] Mortgage lending increasing steadily
Home-backed loans extended by banks continued to show a steady increase in step with a rise in home transactions, the central bank said Wednesday.The number of home transactions involving Seoul in June spiked 20 percent on-month to 12,000, the Bank of Korea said.Home-backed loans came to 500.9 trillion won ($439 billion) as of end-June, up 4.8 trillion won from the previous month, while credit borrowing by households gained 1.7 trillion won to 165.8 trillion won.The rise in household lending fol
July 14, 2016
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[Graphic News] Korea-China FTA boosts cross-border investment
Cross-border investment between South Korea and China has risen sharply this year, fanned by the Korea-China free trade agreement, which took effect in December 2015, industry data showed Tuesday. According to the Kora International Trade Association, South Korean entities invested $2.2 billion in China during the first five months of the year. The figure is 12.2 percent higher than that recorded during the same period last year. At the rate recorded in the January-May period, South Korean inves
July 13, 2016
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[Graphic News] From iron ore to semiconductors - 70 years of Korean exports
In the early 1960s, Korea’s top export product was iron ore, but this eventually changed over the decades to apparel and then to semiconductors, data from the Korea International Trade Association showed Tuesday.Over the same period, Korea’s biggest export market also changed from Japan to the U.S. and then to China, which bought 26 percent of all Korean exports last year. When KITA was established in 1946, Korea had just four countries as trade partners, but this has since grown to 240, as of l
IndustryJuly 12, 2016
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[Graphic News] Korea‘s tourism deficit edges up this year
Korea has seen its deficit from tourism inch up in the first five months of the year, central bank data showed Sunday.The tourism deficit reached $1.49 billion in the January-May period, up 1.3 percent from the $1.47 billion from the same period last year, according to the data by the Bank of Korea.The BOK attributed the continued deficit of the industry to an increasing number of Koreans going abroad on vacation due to cheap airfare. The number of Koreans who traveled abroad came to 8.85 millio
July 11, 2016
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[Graphic News] Samsung heir’s stock assets tumbled 20% this year
Stock assets owned by Samsung Electronics vice chairman Lee Jae-yong suffered the biggest decline among the country’s 50 richest people this year, according to Seoul-based corporate tracker Chaebul.com.Lee‘s stock assets were worth 6.39 trillion won as of this month, down about 20 percent from 7.61 trillion won in January. The sluggish performance of major Samsung affiliates was the primary cause of the fall. The stock assets of Lee’s two sisters -- Boo-jin, CEO of Hotel Shilla and Seo-hyeon, CE
July 10, 2016
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[Graphic News] College graduates’ top choice in job hunt: Naver
For the second consecutive year, college graduates who are seeking jobs have picked the nation’s Internet portal giant Naver as the employer they most want to work for, according to a survey by Internet recruiting service Incruit on Thursday.Naver was followed by food giant CJ Cheiljedang, cosmetics maker AmorePacific and Samsung Electronics.Incruit officials said respondents seem to think that when it comes to job seeking, a company’s vision and job stability are more important than high wages.
July 7, 2016
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[Graphic News] Traditional low-cost foods see price spike again in Q2
Food and beverage products that are traditionally considered to be low-cost choices when eating out have seen a price spike in the second quarter of this year, according to Statistics Korea.The largest increase was in the price of soju, which leaped 12.5 percent relative to last year. This is the second consecutive quarter in which soju has seen the biggest on-year price jump.Other popular foods when eating out such as gimbap and ramen have also risen significantly. Gimbap prices rose 5.2 percen
IndustryJuly 6, 2016
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[Graphic News] Mobile shopping hits record W2.7tr in May
Mobile shopping in Korea soared 41.7 percent to a record high of 2.697 trillion won ($2.4 billion) in May from a year earlier, according to a government report Monday.“Purchases on mobile devices jumped last month due to convenience, competitive prices and a bigger range of products. And the trend is set to strengthen over time,” said an official from Statistics Korea.Mobile shopping accounted for 52.1 percent of the country’s overall online shopping sales worth 5.178 trillion won last month, up
July 5, 2016
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[Graphic News] IS touts it can still inspire violence, attacks abroad
To mark its second anniversary on June 29, the Islamic State group revealed a graph showing its worldwide network on Instagram, titled “Spread of Islamic State.”On the graph, Syria and Iraq are claimed to be its “areas of major control.” Libya, Nigeria, Egypt, Yemen, Chechenya, the Republic of Dagestan, Afghanistan, Niger, the Philippines and Somalia are claimed to be “areas of medium control,” while Algeria, Turkey, Saudi Arabia, Bangladesh, Lebanon, Tunisia and France are labeled “areas with p
World NewsJuly 4, 2016
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[Graphic News] Korea tops average Internet speed worldwide: report
Korea had the highest average Internet connection speed in the world in the first quarter of this year, according to a report by Akamai Technologies, a content delivery network provider headquartered in the U.S. The report released Friday showed that in the first quarter of the year, Korea had four times faster average Internet speed at 29 megabits per second, an 8.6 percent increase over the previous quarter. It was followed by Norway, Sweden, Hong Kong and Switzerland. The world average was 6.
TechnologyJuly 3, 2016
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[Graphic News] Single-income households account for 27%
The number of single-income households in Korea increased to 5 million last year, taking a 27.2 percent share of the total, according to data Thursday.Statistics Korea said the data also showed nearly half of all married couples were double-income families. The proportion of double-income families stood at 43.9 percent, which slightly increased from the previous year. What is notable is the increase of double-income couples living separately. Officials attributed the increase to massive relocati
June 30, 2016
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[Graphic News] Female job quality remains low
The job quality of Korean women still remains low compared to their male counterparts, although the female employment rate edged up slightly last year, data showed Monday.Statistics Korea said in its compiled report that among all female employees, 40.3 percent were irregular workers as of March this year, while the figure for men stood at 25.5 percent.In terms of salary, a female worker was paid an average 1.78 million won ($1,530) a month last year, 62.8 percent of that of men in the country.
June 29, 2016
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[Graphic News] Koreans most sleep deprived in Asia-Pacific
South Koreans get the least sleep among those in Asia-Pacific, according to a healthy living index by life insurance group AIA.The study showed that Koreans on average slept 6.3 hours per night, which was less than the Asia-Pacific average of 6.9 hours. However, Koreans actually want to sleep 7.5 hours every night. Also, 74 percent of Koreans were dissatisfied with their weight and they on average wanted to lose 7.2 kilograms. A relatively high proportion of Koreans, 31 percent, was also skippin
Social AffairsJune 28, 2016
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[Graphic News] Korean firms face growing labor costs, declining productivity
Revenue and operating profit generated per worker at the top 30 listed companies here have been falling in the past five years, but pay on average has been growing in the same period, a study showed Monday.According to the Federation of Korean Industries, sales produced per employee dropped 2.7 percent on average from 1.07 billion won ($902,800) in 2011 to 968.6 million won in 2015. Operating profit per employee also declined 7.1 percent on average from 71.32 million won to 53.17 million won. Th
IndustryJune 27, 2016
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[Graphic News] Ships, cars are top export items to Britain
As Great Britain voted to leave the European Union, domestic attention is being paid to how it might affect Korea’s trade with the Western European country. According to a report from the Industry Ministry, two-way trade volume reached $13.8 billion in 2015, with Korea‘s exports amounting to $7.7 billion. Particularly, the nation’s 13 major items of exports to Britain accounted for $7.39 billion. Among the export items, ships topped the list at $2.5 billion, followed by cars with $1.5 billion an
June 26, 2016