Most Popular
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Yoon interacts with public for 1st time since election defeat
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
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Police officer jumps barefoot into drainage tunnel to save man
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Lee Sun-kyun's posthumuous film to hit theaters in August
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N. Korea says to deploy new multiple rocket launcher starting this year
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[Newsmaker] Makers of Budweiser, Miller eye global merger
Bottles of Budweiser (right) and Miller beer. (Bloomberg)The makers of Budweiser aren't satisfied with being the kings of beer. They want an empire.Anheuser-Busch InBev, the world's biggest brewing company and the owner of Budweiser, announced Wednesday it wants to buy SABMiller, the second-largest brewer — and the maker of long-time rival brand Miller Genuine Draft.The deal would create a multinational behemoth valued at around $275 billion with annual sales of $73.3 billion, more than three ti
World BusinessSept. 17, 2015
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[Newsmaker] Turnbull sworn in as new Australian premier
Multimillionaire former banker Malcolm Turnbull was sworn in as prime minister of Australia on Tuesday, just hours after masterminding a coup against conservative leader Tony Abbott, and pledging a new style of leadership.Turnbull is the country’s fourth prime minister in just over two years, a recent Australian political tradition the deposed Abbott slammed as a “revolving door” that was not good for the country.“This is the most exciting time to be an Australian,” Turnbull told reporters in t
World NewsSept. 15, 2015
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[Newsmaker] Lydia Ko youngest major winner
With two holes left to play in her bid to become the youngest LPGA major champion at the Evian Championship, Lydia Ko stayed as relaxed and composed as a seasoned veteran. The South Korean-born New Zealander birdied both on the shores of Lake Geneva to reach a new landmark in her short but already storied career. Lydia Ko AP-YonhapA flawless final-round display ― featuring spectacular approaches and clinical putts among her eight birdies ― made Ko the youngest major champion in LPGA Tour history
More SportsSept. 14, 2015
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[Newsmaker] Socialist Corbyn wins U.K. Labour leadership
Veteran socialist Jeremy Corbyn was elected leader of Britain’s Labour opposition on Saturday in a landslide victory that puts an anti-austerity figure at the helm of a major U.K. party.The 66-year-old, whose policies have been compared to those of radical leftist Greece’s Syriza and Spain’s Podemos, won after clinching 59.5 percent of the vote, giving Britain its most left-wing leader in decades among the main parties.The new Labour chief could divide Britain’s biggest opposition party, and he
World NewsSept. 13, 2015
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[Newsmaker] Apple presses deeper with new iPhones
Apple is bolstering its money-pumping iPhone line while looking to dive deep into businesses with iPads and dominate living rooms with Apple TV hardware tuned to app-loving lifestyles.Tricked-out new iPhone 6 models, along with overhauled Apple TV hardware and iPad Pro tablets with enlarged screens, were major announcements at the technology titan’s media event Wednesday in San Francisco. Apple Senior Vice President of worldwide marketing Phil Schiller talks about the new iPad Pro during an Appl
World BusinessSept. 10, 2015
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[Newsmaker] Queen Elizabeth II breaks reign record
After reigning through the decline of the British empire and some of the worst scandals in royal history, Queen Elizabeth II is set to become Britain‘s longest-serving monarch Wednesday.With over 63 years on the throne, the queen is one of the most famous and respected women in the world and “embodies the history of the 20th Century,” according to historian Kate Williams.Britain`s Queen Elizabeth waves as she arrives at Edinburgh Waverley Station before boarding a train drawn by a steam locomoti
InternationalSept. 9, 2015
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[Newsmaker] Samsung’s 1st biosimilar drug approved
Samsung Group, South Korea’s leading conglomerate, has taken a significant step toward driving forward its newly-established biopharmaceuticals business, an emerging sector expected to become one of the company’s future growth engines. Samsung Bioepis, the conglomerate’s biotechnology research and development unit, said Monday that it had gained approval from the Ministry of Food and Drug Safety to begin selling Brenzys, its biosimilar copy of Amgen and Pfizer’s rheumatoid arthritis treatment E
IndustrySept. 8, 2015
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[Newsmaker] Seoul: Asia’s new fashion window?
Move over Hong Kong, Tokyo and Singapore. Seoul is emerging as Asia’s new fashion showcase, with the world’s top luxury firms seeking to cash in on the regional trend-setting popularity of South Korean pop culture.A woman walks past a Louis Vuitton store in the duty-free shopping area at Incheon International Airport. (Bloomberg)Fast-growing Asia is a key market driving the global luxury industry, with purchases by Chinese consumers accounting for one third of global sales, according to market r
CultureSept. 7, 2015
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[Newsmaker] Global warming ‘far above’ target
Inadequate national targets for curbing climate-altering greenhouse gases meant emissions would be “far above” the level required to stave off disastrous global warming, analysts warned Wednesday.Instead of the U.N.-targeted ceiling of two degrees Celsius of average warming over pre-Industrial Revolution levels, the world was on track for 2.9-3.1 C by 2100, according to the Climate Action Tracker, a tool developed by a consortium of four research organizations.“The climate targets so far submitt
World NewsSept. 3, 2015
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[Newsmaker] Sankei under fire again for attack on Park
Japanese newspaper Sankei Shimbun came under fire again for an online column that called President Park Geun-hye’s plan to attend China’s World War II victory event “toadyism” and likened her to a 19th-century Korean empress assassinated by Japan.President Park Geun-hye presides over a Cabinet meeting at Cheong Wa Dae on Tuesday. (Yonhap)In its Monday edition, the conservative daily carried the column accusing Korea’s diplomacy of being historically subservient to big powers -- China, Russia or
Foreign AffairsSept. 1, 2015
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[Newsmaker] Samsung C&T as new group holding company
The “new” Samsung C&T kicked off on Sept. 1 as the de facto holding company of Samsung Group, the nation’s largest conglomerate. The group’s construction, trading, fashion, food and bio businesses are now reorganized under the new umbrella company, while Samsung Electronics and Samsung Life Insurance are responsible for tech and finance pillars, respectively. Head office buildings of Samsung C&T (left) and Samsung Electronics (right) YonhapThe merger between Samsung C&T and Cheil Indust
TechnologyAug. 31, 2015
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[Newsmaker] Cable car approval touches off dispute
The government’s decision to allow the construction of a second cable car route on Mount Seoraksan last week drew mixed reactions over the weekend, with civic groups blasting authorities for ignoring its potential environmental impact and local residents calling it a business opportunity.The Environment Ministry’s national park committee on Friday agreed to allow Yangyang County Office of Gangwon Province to construct a 3.5-kilometer cable car on Mount Seoraksan, one of the country’s best-preser
Aug. 30, 2015
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[Newsmaker] War plan upgrade reflects NK WMD threats
The new wartime contingency plan of South Korea and the U.S. is presumed to address the growing concerns over North Korea’s evolving weapons of mass destruction and likely to reflect changes in the U.S. force structure and strategy, analysts said Thursday.North Korea soldiers pledge allegiance in front of the statues of North Korea’s national founder Kim Il-sung and former leader Kim Jong-il on Tuesday. (Yonhap)Seoul and Washington reportedly signed the so-called Operations Plan 5015 in June to
DefenseAug. 27, 2015
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[Newsmaker] POSCO leads change in labor relations
The much disputed peak wage system may be gaining more momentum with the steelmaker POSCO and its union agreeing to expand its use. Although the system is intended to increase corporations’ capacity for hiring young workers, it has been heavily criticized by labor activists. POSCO, however, has managed to run the system since 2011. On Wednesday, the country’s largest steelmaker announced that the retirement age would be raised by two years to 60, with the scope of the peak wage system expanded.
IndustryAug. 26, 2015
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[Newsmaker] Loudspeakers mightier than the sword
Though it came to a close just 15 days after breaking an 11-year hiatus, South Korea’s loudspeaker broadcast along the heavily fortified border proved to be formidable enough to rush a defiant Kim Jong-un regime to the negotiating table and extract concessions. The equipment became idle as of noon Tuesday in line with the two Koreas’ agreement earlier in the day. Pyongyang, for its part, expressed regret over a land mine explosion on Aug. 4 that nearly maimed the legs of two South Korean soldier
North KoreaAug. 25, 2015
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[Newsmaker] Hawk-dove duos at inter-Korean dialogue
As the high-level inter-Korean dialogue dragged on, hopes and doubts were flying around the seemingly incongruous duos from each side driving the rare gathering: rigid former and incumbent military commanders paired with preachers for a cross-border thaw. From the North, Hwang Pyong-so, vice chairman of the powerful National Defense Commission and director of the General Political Bureau of the (North) Korean People’s Army, joined hands with Kim Yang-gon, director of the North’s United Front Dep
North KoreaAug. 24, 2015
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[Newsmaker] Biden meets Warren as he mulls 2016 bid
Vice President Joe Biden left the seclusion of the Delaware home where he’s been weighing a presidential run to meet Saturday with Elizabeth Warren ― another influential Democrat who has faced calls to enter the 2016 race.The unusual weekend huddle with Warren, a Massachusetts senator, took place at the Naval Observatory, the vice president’s official residence, said an individual familiar with the meeting. An Obama administration official said Biden had traveled at the last minute to Washington
World NewsAug. 23, 2015
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[Newsmaker] Samsung Pay shakes up mobile wallet race
Samsung Electronics’ new mobile payments system Samsung Pay made its Korean debut on Thursday, aiming to replace credit cards with mobile phones. Starting with the Korean service, Samsung Pay will be released in the U.S. on Sept. 28 after a monthlong beta service. Launches in other markets are set to come in phases. A customer pays with Samsung Pay at a grocery. Samsung ElectronicsKey to the service is its compatibility with existing credit card terminals, as it creates a small magnetic field th
TechnologyAug. 20, 2015
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[Newsmaker] Two lawmakers face uproar over kids' employment favors
A number of lawmakers are facing increasing pressure on allegations that they influenced sought-after workplaces to hire their children.Rep. Kim Tae-won of the ruling Saenuri Party and Rep. Yoon Hu-duk of the main opposition New Politics Alliance for Democracy came under fire for allegedly using their parliamentary clout to give their kids job opportunities at Korean Government Legal Service and the nation’s top display-maker LG Display, respectively Despite their plea of innocence and attempt t
PoliticsAug. 19, 2015
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[Newsmaker] SK chairman catches up on creative economy boost
SK Group chairman Chey Tae-won cheered on staffers by visiting the group’s provincial-based innovation centers Tuesday, in line with his stated promise to lend a hand in reviving the South Korean economy and support the government’s ongoing drive for a creative economy. Chey made his way down to the two SK innovation centers in Daejeon and Sejong, located south of Seoul, in a bid to “express the group’s will to contribute to the country’s economic growth through the success of its creative econo
IndustryAug. 18, 2015