Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul to more than double military drones by 2026 to counter NK threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Iran, world powers to resume nuke talks
ISTANBUL (AFP) ― Iran and six world powers meet Friday in Istanbul for a second round of talks, amid guarded hope for progress in efforts to settle tensions over Tehran’s disputed nuclear program.The meeting follows a first round in Geneva last month, which broke a 14-month hiatus in negotiations between the Islamic republic and the so-called 5+1 group of Britain, China, France, Russia, the United
InternationalJan. 19, 2011
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Haiti moves toward graft trial for Duvalier
Government may seek justice over ex-dictator's regime, widely regarded as brutalPORT-AU-PRINCE (AP) ―A judge will decide whether former Haitian dictator Jean-Claude Duvalier will be tried on charges that include corruption and embezzlement for allegedly pilfering the treasury before his 1986 ouster, a lawyer for the ex-strongman said Tuesday.A judge questioned the former dictator known as “Baby Do
InternationalJan. 19, 2011
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Boeing interested in KAI going public in June
A top executive of Boeing Korea said Wednesday the global aircraft builder is planning to make a second bid to provide the presidential airplane after its failure last year. “Providing presidential airplane is very important to Boeing,” Pat Gaines, president of Boeing Korea, told reporters during a press conference in downtown Seoul. Pat Gaines, president of Boeing KoreaThe statement comes as Boe
IndustryJan. 19, 2011
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Twitter introduces new services for Koreans
Twitter Inc. introduced two new services for Koreans on Wednesday, seeking to gain greater influence in a nation with an advanced communications infrastructure and one of the most active Internet populations.In a press conference in Seoul, Twitter co-founder Evan Williams said Twitter has opened its website in the Korean language Wednesday.Twitter has also formed partnerships with local companies
IndustryJan. 19, 2011
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Korea Exchange lags in global networking
Growing regional integration poses challenge to Korean bourse: analystsDespite its much-touted efforts at globalization, the Korea Exchange risks lagging behind its Asian rivals in the trend toward a regional networking and consolidation, analysts said.The number of listed firms and the scale of share turnover ― the two most important factors in attracting investors ― may be clogged up for the Seo
Jan. 19, 2011
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Hyundai Heavy wins W1.14tr drillship contract
Hyundai Heavy Industries Co. announced Wednesday that it signed a contract to build two drillships for 1.14 trillion won ($1.03 billion) for the U.S.-based contract driller for gas Noble Drilling.Drillships are specialized vessels fitted with drilling equipment used in gas and oil exploration in offshore locations. With the latest contract, Hyundai Heavy has been awarded all three contracts for dr
IndustryJan. 19, 2011
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Abu Dhabi aims to be alternative energy hub
UAE says green city to be built by 2025ABU DHABI ― Officials from the United Arab Emirates’ capital outlined their plans to promote the use of clean energy at the 4th World Future Energy Summit Tuesday.The country which produces 8 percent of the world’s crude oil supply is working on establishing a green urban area named Masdar City by 2025. Masdar means “source” in Arabic. The venue, which is bei
Jan. 19, 2011
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[Sylvester Eijffinger and Edin Mujagic] Qualifications for next ECB president
TILBURG, the Netherlands ― Two years ago, the leaders of the world’s central banks were considered heroes for their efforts in preventing financial crisis from turning into Great Depression II. Today, however, central banks are being sharply criticized, and their independence is coming under severe pressure in many countries, particularly in the eurozone, as Mario Draghi, the head of the Bank of I
ViewpointsJan. 19, 2011
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Hyundai Heavy rehires retirees to stem skills shortage
Korean firms strive to tackle shortages of trained workers due to demographic changeA rapidly aging population poses a grave challenge to Korean manufacturers, which have seen a large number of skilled workers retire. Hyundai Heavy Industries, the world’s largest shipyard, is suffering most from the trend. A record number of 950 reached retirement age last year. The numbers are estimated to be 800
IndustryJan. 19, 2011
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Volcker rule should be ‘robust’: Oversight Council
Top U.S. financial regulator issues recommendations to implement controls on banksRegulators should carry out a “robust implementation” of the Volcker rule by forcing banks to wind down or sell trading desks that don’t comply with the law, the U.S. Financial Stability Oversight Council said.Government agencies should require banks to perform “quantitative analysis to detect potentially impermissib
Jan. 19, 2011
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[Editorial] Another Sejong debacle?
The government and the ruling Grand National Party are at odds over the location of the planned International Science and Business Belt. The discord is not only creating a new fault line within the ruling camp but fueling friction among local governments keen to host the 3.5 trillion won science hub.The belt is one of the campaign pledges of President Lee Myung-bak. He promised to build the scienc
EditorialJan. 19, 2011
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[Editorial] Investment impetus
Korean companies’ facility investment surged in 2010 after sharply dropping for two years due to the global financial crisis. As overseas demand for their products soared, they rushed to invest in plant and equipment to ramp up production. The government’s plan to terminate a tax credit program for corporate investment starting 2011 also prompted many companies to make investment in strategic area
EditorialJan. 19, 2011
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Chinese jet fighter highlights need for dialogue
As far as stealth fighters are concerned, the Chinese prototype J-20 is perhaps too eye-attracting. On Dec. 22, 2010, photos of a taxiing test at the Chengdu Aircraft Design Institute of the fifth-generation twin-engine fighter aircraft emerged on the Internet and triggered a firestorm in the international media. On Jan. 11, hours before U.S. Defence Secretary Robert Gates met with Chinese Preside
ViewpointsJan. 19, 2011
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[Eric Chaney] Euro’s Spanish showdown needs some ‘shock and awe’
The major battle in the fight for the survival of the euro will be fought on Spanish soil. Greece, Ireland and soon Portugal should be regarded as skirmishes. But Spain is different, in terms of scale and solvency.If the strategy implemented by European Union policy makers is appropriate, the markets will shift their attention to other risks, such as inflation, after the decisive event has taken p
ViewpointsJan. 19, 2011
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[Hu Zhengyue] China strengthening ties with Asian nations
Last year saw good momentum in China’s strengthening ties with other Asian countries, as indicated by the frequent high-level exchanges and the expansion of two-way economic and trade links. The high-level exchanges greatly boosted bilateral political trust, while China remained the largest export market for Asian countries ― its imports from the rest of the region totaling $446.5 billion, up 41.1
ViewpointsJan. 19, 2011
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[Kenneth Lieberthal] Hu’s visit to readjust U.S. ties
President Hu Jintao’s state visit to the United States starting from Jan. 18 comes 14 months after President Barack Obama’s November 2009 visit to China. The intervening period has seen many problems in U.S.-China relations, despite progress on some fronts. President Hu’s visit will, therefore, be especially important for recalibrating the tone and direction of U.S.-China ties. The U.S.-China join
ViewpointsJan. 19, 2011
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[Trudy Rubin] Two attacks on political moderation
Three days before the shooting of Congresswoman Gabrielle Giffords, a courageous Pakistani politician was shot dead by one of his guards.The circumstances of the two shootings, of course, were very different. Salman Taseer had infuriated conservative Muslims by criticizing his country’s apostasy law, which prescribes death for insulting Islam. Much of Pakistan’s media made excuses for the killer,
ViewpointsJan. 19, 2011
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Nine Korean films invited to Berlin International Film Festival
A total of nine Korean films, including “Night Fishing,” a short film by director Park Chan-wook shot entirely with an iPhone, and “Love, or Not,” a feature-length film starring Hyun-Bin and Im Soo-jeong, have been invited to next month’s Berlin International Film Festival.Of the nine, three films have been invited to the competition section: “Night Fishing,” “Love, or Not,” and “Broken Night.”Pa
FilmJan. 19, 2011
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‘Green Hornet’ director: 3-D hype will fade
Gondry prefers to use computer-generated images to enhance the narrativeJames Cameron’s 2009 film “Avatar” may be seen as legendary by many, but for French director Michel Gondry, director of the newly-released superhero flick “The Green Hornet,” the 3-D technology of “Avatar” just does not appeal.“I personally don’t like using CGI technology when shooting the characters’ faces,” Gondry told repor
FilmJan. 19, 2011
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Family’s podcast challenges Hollywood hitters on iTunes
MINNEAPOLIS ― A Plymouth, Minnesota, family with a recording studio in their basement is giving entertainment giants Nickelodeon, Universal Studios and Radio Disney serious competition for iTunes listeners.“Kid Friday,” a weekly podcast by Dave Swerdlick and his daughters, Hannah, 12, and Zoe, “almost 10,” consistently makes the top-10 list in iTunes’ Kids & Family section.“Because you are a kid i
TelevisionJan. 19, 2011