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Obama to bolster US 'rebalance' to Asia
(AFP) - President Barack Obama will use an Asian tour beginning next week to bolster US alliances in the region at a time of increased geopolitical tension. Obama is scheduled to visit Japan, South Korea, Malaysia and the Philippines, and will be under duress to address maritime territorial disputes between US allies and China.Aides said Friday that the president would restate staunch US support for its friends, underline its role as a Pacific power, and seek to reassure the region that his Asia
Politics April 19, 2014
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Fiat-Chrysler to produce iconic Jeep in China from 2015
AFP) - Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world's largest car market.Fiat-Chrysler -- created by Italy's Fiat acquiring Chrysler of the United States -- will produce three Jeep sport utility vehicle (SUV) models in China, including one specifically designed for the Chinese market, the company said in a statement.The announcement came ahead of the Beijing auto show, which opens to the publi
Industry April 19, 2014
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[Ferry Disaster] Ferry captain arrested, divers spot bodies
(AFP) - Investigators on Saturday arrested the captain accused of abandoning the South Korean ferry that capsized three days ago with 476 people on board, as divers finally accessed the submerged vessel and spotted bodies inside.Lee Joon-Seok and two of his crew were taken into police custody in the early hours of the morning, charged with negligence and failing to secure the safety of passengers in violation of maritime law.The 69-year-old captain has been severely criticised for abandoning his
Social Affairs April 19, 2014
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[Ferry Disaster] Rescuers fight time to find hundreds missing in sunken ferry
Desperate search and rescue efforts for hundreds still unaccounted for in a deadly ferry accident in waters off South Korea's southwestern coast continued for a fourth day on Saturday, with the whole country clinging to dim hope of finding survivors.Hundreds of Navy and Coast Guard officers, along with civilian divers, have been battling strong underwater currents and low visibility to reach 273 people believed to be trapped inside the ferry Sewol that sank three days ago.More than 72 hours have
Social Affairs April 19, 2014
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Questions on bubble as tech momentum fades
(AFP) - After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.The wobbly action of 2014 is still an open question: is this a correction, bear market or a bubble like the catastrophic dot-com boom and bust of 1999-2000.By some measures, segments of the tech sector look to be over the top, even after recent slumps."There are some astronomical valuations out there," says Roger Kay, an analyst who follows tech companies at Endpoint Technologies."That is a little troublesome be
Technology April 19, 2014
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N. Korea threatens to make S. Korea pay dear price
North Korea threatened on Friday to settle scores with South Korea over what it claims were atrocities against North Korean fishermen by the South Korean Navy.The move came hours after South Korea repatriated three North Korean fishermen and their boat, which crossed the western maritime border due to an engine failure.The South Korean Navy captured the fishing boat that sailed into South Korean waters Thursday evening after its repeated warnings to retreat back to the North's waters.The South K
North Korea March 28, 2014
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New Zealand announces energy company sale
WELLINGTON, New Zealand (AP) -- New Zealand is closing the books on a contentious, multibillion dollar program of asset sales.The government announced on Friday it would sell a minority stake in power company Genesis Energy for 736 million New Zealand dollars ($638 million). The company will list on the New Zealand stock market on April 17.Including Genesis, New Zealand has sold 49 percent stakes in three power companies and a 20 percent stake in Air New Zealand over the past year, raising a tot
World Business March 28, 2014
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'Grandmaster' earns top honor at Asian Film Awards
MACAU (AP) – ``The Grandmaster'' won best picture, best director for Wong Kar Wai and five other honors at the Asian Film Awards. Backstage, Wong and his star, best-actress winner Zhang Ziyi, were all smiles with their awards. But their thoughts were with the family of Ju Kun, a ``Grandmaster'' crew member who was a passenger on Malaysia Airlines Flight 370.Wong said that although he's happy for all the recognition the film's cast and crew have received, he regrets that a member of the team coul
Film March 28, 2014
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Hiddink appointed new Netherlands coach
THE HAGUE, Netherlands (AP) – Guus Hiddink will take over as Netherlands coach after the World Cup, when Louis van Gaal is stepping down, the country's football association announced on Friday.Hiddink will lead the Netherlands until the end of the 2016 European Championship in France and then be replaced by Danny Blind.Blind and former Manchester United and Real Madrid striker Ruud van Nistelrooy were appointed as 67-year-old Hiddink's assistants.Hiddink said he was honored to return for a secon
Soccer March 28, 2014
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Firms get shareholders' OK for appointments, future plans
A sizable number of South Korea's top firms listed on the main and tech-heavy exchanges held their annual general shareholders' meetings Friday and received approval for the appointment of corporate directors while outlining their plans for the future.The Korea Securities Depository said a total of 497 listed companies whose fiscal year ended in December held their shareholders' meeting during the day.The companies include 157 firms listed on the main bourse KOSPI, 322 companies on the tech-lade
Industry March 28, 2014
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S. Korea finishes out of contention in bobsleigh
South Korea finished well outside contention in the four-man bobsleigh on Sunday, the country's final competition at the Sochi Winter Olympics.A South Korean team, led by the pilot Won Yun-jong, had the combined time of 3:44.22 after its four races over the past two days. The foursome finished 3.62 seconds behind the championship team from Russia, led by the pilot Alexander Zubkov.A second South Korean team, with the pilot Kim Dong-hyun at the helm, ranked 28th among 30 teams after three races a
Olympic Games Feb. 23, 2014
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IOC chief hails 'great' Sochi Games
International Olympic Committee president Thomas Bach on Sunday hailed the Sochi Games as "great", saying the response from the athletes was overwhelmingly positive.He praised President Vladimir Putin for playing an "important role" in the Games and said the Russian strongman never committed any act that was not in line with the Olympic Charter during the Games."We are close to the end of a great Olympic Winter Games. The response we get from all the different participants is overwhelmingly posi
Olympic Games Feb. 23, 2014
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US-South Korea war games loom over Korean reunions
A year ago, North Korea vowed nuclear attacks to retaliate for U.S.-South Korean war games. But the start Monday of this year's joint military drills comes as Pyongyang allows wrenching reunions of elderly Koreans separated since the Korean War.As always with the rival Koreas, cold political calculations loom behind the scenes of pure emotion.The reasons for Pyongyang's about-face are seen as having more to do with the impoverished country's desire to drive a wedge between Seoul and Washington a
North Korea Feb. 23, 2014
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G20 vows to boost world economy
Finance chiefs from the 20 largest economies agreed Sunday to implement policies that will boost world GDP by more than $2 trillion over the coming five years.Australian Treasurer Joe Hockey, who hosted the Group of 20 meeting in Sydney, said the commitment from the G20 finance ministers and central bankers was "unprecedented.''The world economy has sputtered since the 2008 financial crisis and global recession that followed. Progress in returning economic growth to pre-crisis levels has been ha
Feb. 23, 2014
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동부대우 스페인 자산 매각 추진
동부대우전자는 스페인에 있는 자산을 매각할 것이라고 밝혔다.냉장고와 전자렌지를 생산하고 있던 동부대우전자 스페인 공장은 2012년에 이미 폐쇄 되었다.현재는 공장 부지만 남았고 오래 전부터 자산 매각을 고려 중이었다.2012년 감사보고서에 의하면, 스페인 공장(DEMESA)의 장부가액은 약 54억원으로 기록됐다.한국, 중국, 멕시코 공장을 중심으로 시설투자 확대가 최우선 과제이며 냉장고, 세탁기, 전자렌지 생산을 증대할 계획이다.동부그룹 계열사로 출범한 지 1년을 맞는 동부대우는 1998년 스페인에서 60만대 규모로 냉장고 생산을 시작했다.올해는 TV와 로봇청소기를 출시할 예정이고 GE, 지멘스 그리고 일렉트로룩스와의 OEM 파트너쉽도 강화할 계획이다.동부대우의 올해 매출 목표는 1조9000억이다.(코리아헤럴드 박형기 기자 hkp@heraldcorp.com) <관련 영문 기사>Dongbu Daewoo to sell Spain assetElectronics maker’s manufac
한국어판 Feb. 14, 2014
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