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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Seoul to more than double military drones by 2026 to counter NK threats
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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 alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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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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Violence-scarred Tunisia unveils new government
Tunisia announces new national unity government after one-party rule, but protesters want moreTUNIS (AP) ― Tunisia took a step toward democracy and reconciliation Monday, promising to free political prisoners and opening its government to opposition forces long shut out of power ― but the old guard held onto the key posts, angering protesters.Demonstrators carrying signs reading “GET OUT!” demande
InternationalJan. 18, 2011
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Nadal advances quickly at Aussie Open
MELBOURNE, Australia (AP) ― Rafael Nadal’s quest to complete his “Rafa Slam” at the Australian Open started with a first-round victory that lasted only 11 games and certainly helped him conserve plenty of energy.The No. 1-ranked Nadal went straight to the practice courts and worked on his serve, later saying it needs work to improve his chances of winning the Australian title.The 24-year-old Spani
More SportsJan. 18, 2011
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Robotic helpers coming to homes, offices
Service robotics emerges as the next technology frontier with advancing skills, surging demandThese days, visitors to the presidential office in Seoul are getting a taste of the future. At Sarangchae, a museum affiliated with Cheong Wa Dae, a kiosk-shaped robot greets guests with a heartwarming smile. Named Tiro, the machine introduces Korea’s culture and gives directions and answers in four diffe
IndustryJan. 18, 2011
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Jordan storms into quarterfinals
Japan pummels Saudi Arabia 5-0 to grab place in Asian cup's last 8DOHA (AP) ― Japan and Jordan reached the quarterfinals of the Asian Cup with contrasting victories on Monday.Three-time cup champion Japan humbled Saudi Arabia 5-0 and Jordan came from behind to defeat Syria 2-1 and reach the quarters for the second time in its history.The victories left Japan top of Group B on goal difference from
SoccerJan. 18, 2011
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POSCO gets approval for new plant
Stalled works on POSCO’s new plant at Pohang Steelworks are set to resume, with the Prime Minister’s Office deciding to ease regulations that had brought the works to a halt in July.The Pohang municipal government had approved plans for the plant without consulting military bases in the area about height restrictions on buildings in the area due to military flights.The steelmaker was informed of t
IndustryJan. 18, 2011
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Fine may force LG Display into loss in 4th quarter
LG Display may record a loss in its latest fourth-quarter earnings as it is likely to include a large fine imposed by the European Commission for fixing liquid crystal display prices in its report, industry insiders said Tuesday.The world’s second-largest maker of liquid crystal display panels must pay 215 million euros ($285 million) for being part of a cartel with five other firms between 2001 a
IndustryJan. 18, 2011
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Hana Financial in alliance with Chinese bank
China Merchant Bank expected to boost Korean group’s expansionHana Financial Group has established a strategic partnership with China Merchant Bank, the country’s sixth-largest lender, beefing up ammunition for its planned portfolio diversification and expansion of China operations. The Korean financial group said Tuesday that the agreement will involve cooperation on a range of joint financial se
Jan. 18, 2011
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Kookmin Bank pushes for aggressive downsizing
Kookmin Bank is accelerating its major manpower restructuring, transferring 219 underperforming employees to an extra department designed for retraining.A certain portion of them will likely face dismissal or be pressured to quit if they fail to reach a certain level of performance within about two years, an official of the nation’s largest bank said Tuesday.The employees at the department are obl
Jan. 18, 2011
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Gangwon shares affordable housing know-how with Vietnam
Gangwon Province is hosting a team of Vietnamese government officials on a week-long trip here to study Korea’s housing policies for low-income earners.The program, requested by Vietnam’s Ministry of Construction, is co-organized by the International Urban Training Center, a state-run training center for policymakers in Gangwon Province and the United Nations Human Settlements Programme in Vietnam
Jan. 18, 2011
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Ban calls for global clean energy revolution
U.N. secretary-general also addresses climate, poverty and healthABU DHABI ― Global innovation in clean energy is essential to fight climate change, United Nations Secretary-General Ban Ki-moon said Monday at the 2011 World Future Energy Summit. “The prevailing fossil fuel-economy is contributing to climate change and global energy needs are growing rapidly,” he said during his keynote speech at t
Jan. 18, 2011
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Roubini sees spread of EU debt crisis as key 2011 risk
Nouriel Roubini, the New York University economist who predicted the global financial crisis, said a key risk to the world economy in 2011 is the likely spread of Europe’s debt crisis. “One of the most important risks is financial contagion in Europe if the euro zone’s problems spread, as seems likely, to Portugal, Spain and Belgium,” Roubini wrote in an article in the Australian Financial Review
IndustryJan. 18, 2011
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Foreign investment in China rises to record
Foreign direct investment in China rose to a record $105.7 billion last year, underscoring confidence that rising incomes will boost demand in the world’s fastest-growing major economy. Investment climbed 17.4 percent from a year earlier, the Ministry of Commerce said in a statement in Beijing to Tuesday. Spending in December rose 15.6 percent from a year earlier to $14 billion. Estimates of five
IndustryJan. 18, 2011
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Singapore’s export growth slowed in Dec.
Singapore’s exports rose at a slower pace in December, ending a year in which shipments jumped the most since 2003 as the global economic recovery boosted demand for the island’s goods. Non-oil domestic exports climbed 9.4 percent from a year earlier, after a revised 9.9 percent gain in November, the trade promotion agency said in a statement in Singapore Monday. The median forecast of 14 economis
IndustryJan. 18, 2011
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Ahn Jae-hwan to head Ajou University
Professor Ahn Jae-hwan, of Ajou University’s department of chemical and new materials engineering, will head the university as its 14th president, the university board announced on Monday.The new president earned his bachelor’s degree in metal engineering at Seoul National University, and a master’s and doctoral degree in material engineering at the University of California, Berkeley. Ahn Jae-hwa
PeopleJan. 18, 2011
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[Editorial] Looming crisis
An experts’ report on the future of the nation’s health insurance system offered an extremely grim outlook ― a 16 trillion won ($14 billion) annual deficit by 2020 even if salaried workers steadily increase their insurance premium payments. The long-term estimate by the Health Insurance Policy Institute under the National Health Insurance Corp. sounded like an answer to the opposition Democratic P
EditorialJan. 18, 2011
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[Editorial] Mercy killing
Children cry watching the TV news as a dozen piglets and their mother are shown being dumped into a hole in a farm in a foot and mouth disease-infected area. Internet users are saddened to read the diary of a young man in Paju, Gyeonggi Province, who had to kill and bury 121 cattle because a truck that visited his farm the day before was found to have earlier stayed in a confirmed FMD-infected pla
ViewpointsJan. 18, 2011
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The use of yuan as international currency
The dazzling steps China has taken recently to expedite wider and better use of the yuan in cross-border trade and investment mark the country’s latest efforts to make its currency truly international. This accelerated pace to internationalize the yuan was long overdue. But given the complexity and problems with the global financial and currency systems, Chinese policymakers need not go too fast o
ViewpointsJan. 18, 2011
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A new culture of giving as a social movement
The year of the rabbit has just begun, but in the first few weeks of 2011, it has been the tiger gaining all the attention. In a spontaneous Tiger Mask movement, anonymous citizens throughout Japan have been donating school backpacks and other items to orphanages and child welfare centers in the name of Naoto Date, the hero of the “Tiger Mask” manga and anime popular some 40 years ago. Date, a wre
ViewpointsJan. 18, 2011
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[Matthew Lynn] Portuguese bailout will make euro crisis worse
New year, new crisis. No sooner had Europe’s bond traders, politicians and central bankers gotten back to their desks than it was time to begin tussling over the fate of a small economy on the periphery of Europe.This time around, it’s Portugal. And yet the script seems very similar to the one played out already in Greece and Ireland. Bond yields surge. The government denies furiously there is any
ViewpointsJan. 18, 2011
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[Aryeh Neier] Is blasphemy a form of hate speech?
NEW YORK ― The assassination of Salman Taseer, the governor of Punjab province in Pakistan and an outspoken critic of religious extremism, has focused attention on his country’s draconian blasphemy law. Adopted in its present form by General Mohammad Zia ul-Haq’s military dictatorship more than three decades ago, the blasphemy law imposes a mandatory death penalty on anyone convicted of insulting
ViewpointsJan. 18, 2011