Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Aging population to drive down Korea's housing prices from 2040: experts
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North Korea holds drills simulating nuclear counterattack against enemy
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S. Korea, China, Japan agree to push to launch 3-way FTA this year
Trade ministers from South Korea, Japan and China said on Saturday that they agreed to push to launch negotiations for a three-way free trade agreement by the end of this year.The agreement reached in Beijing by South Korean Trade Minister Bark Tae-ho, Japanese Economy, Trade and Industry Minister Yukio Edano and Chinese Commerce Minister Chen Deming is to be recommended to a trilateral summit sla
May 13, 2012
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Man installs iPod holder… in his body
Dave Hurban just loves his iPod so much that he would do anything nearly anything for it; even go through painful operation.The tattoo artist has surgically implanted four magnets in his wrist in order to hold his iPod Nano in a ‘cool way’, without bothering with wristbands.In a video produced by Kaledioscope Kreative, Hurban barely winces as he performs the surgery himself.He says the implants are in fact, not that unique as one might think.“Those magnets are actually called micro-dermal anchor
TechnologyMay 13, 2012
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Seoul stocks to follow European, U.S. developments, economic data
South Korean stocks are expected to be influenced by European political developments and U.S. economic data next week, local analysts said Saturday.The country's key stock index, the KOSPI, closed at 1,917.13 on Friday, a drop of 3.62 percent or 72.02 points from a week earlier, mainly due to anti-austerity election results in France and Greece and disappointing U.S. labor market reports. The KOSP
May 12, 2012
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Dynamic shows open Yeosu Expo
Big O Show, K-pop, pansori performances adorn opening ceremony of world maritime fair YEOSU, South Jeolla Province -- Multimedia shows and fireworks embroidered the skies above the waters off this southern coastal town Friday evening during the Expo 2012 Yeosu opening ceremony.About 2,400 people including President Lee Myung-bak and Bureau International des Expositions secretary general Vicente Gonzalez Loscertales attended the ceremony on the eve of the official opening of the 93-day world mari
May 11, 2012
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Hanwha to build solar power plant in Portugal
Hanwha Group said Friday that it will start the construction work of a solar power plant in Portugal. The group said its affiliate Hanwha Solar has recently formed a consortium with Martifier Solar, a Portuguese photovoltaic energy firm, to build a 17.6-megawatt solar power plant in Lisbon. Even though the construction of the power plant was not scheduled to be completed until March next year, officials said it would be possible to start electricity generation in phases from as early as December
IndustryMay 11, 2012
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Shares fall 1.43% on lack of leads
South Korean stocks closed 1.43 percent lower Friday on lack of upward momentum and growing European debt concerns, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 27.80 points to 1,917.13, in its third straight session of decline.Trading volume was moderate at 522 million shares worth 4.32 trillion won ($3.76 billion), with losers clearly outpacing gainers 607 to 206.“There was no real momentum to bolster the bourse and counter
May 11, 2012
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Farm minister insists U.S. beef is safe
Korean Agriculture Minister Suh Kyu-yong reaffirmed on Friday that the beef imported from the U.S. poses no threat to public health.“There is no problem with the safety of U.S. beef, but the quarantine strengthening policy will continue,” Minister Suh said.The minister made the remarks after being briefed on the report from the Korean inspection team, which returned home earlier in the day from its trip to the United States. “After examining documents and earmark of the cow regarding the recent
IndustryMay 11, 2012
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Financial sector urged to do more to achieve green growth
Public-private partnership has been one of the effective ways to tackle global warming.And financial companies have faced growing calls for playing a more active role in dealing with climate change as a majority of funding to sustain green growth will need to come from the private sector, while governments need to back it with sound policies.Climate change is not a short-term issue, and financial companies should see it as more than just about project financing, said Gwen Andrews, vice president
May 11, 2012
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Peruvian president visits SK complex
SK Group said Friday that its chairman Chey Tae-won met Peruvian President Ollanta Humala at SK Energy’s oil refinery complex in the southeastern coastal city of Ulsan. The group said that the visiting president discussed future partnerships with the nation’s energy giant in resource development and other energy businesses. “Since its first participation in developing an oil field, Block 8, in 1996, SK and Peru have maintained a partnership for 17 years,” Chey said at the meeting. “We expect to
IndustryMay 11, 2012
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Futuristic cars to hit Busan Motor Show
Four models to be unveiled in the biennial event for first time in AsiaThe sixth Busan International Motor Show, which will kick off on May 24, will feature futuristic concept cars with state-of-the-art technologies, carmakers said Friday.Some of the concept cars ― prototypes that give consumers a peek at future designs ― will be showcased for the first time in Asia via the 11-day auto fair at the BEXCO in Busan, they said.Hyundai Motor will unveil several futuristic models, such as the HND-7/He
MobilityMay 11, 2012
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Yeosu Expo offers eye-catching events, performances
YEOSU, South Jeolla Province -- The Expo 2012 Yeosu has arranged several eye-catching events and performances throughout it’s run. During the three-month Expo, various concerts, street performances, water shows and other cultural spectacles performed by artists from here and abroad will be staged. The organizers said the Expo offers about 90 cultural events and performances every day until the maritime festival ends on Aug. 12Big Star ShowThe Big Star Show happens every weekend and includes per
May 11, 2012
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IT services make Expo convenient
YEOSU, South Jeolla Province ― The Yeosu Expo organizing committee is looking to technology to make visitors feel comfortable during their visit. Committee officials said they plan to provide a multitude of cutting-edge IT-generated accommodations unprecedented by any pervious international events of a similar scale. They said that smartphone apps, automatic reservation kiosks and radio frequency identification chips will make things easier and quicker for visitors time, while maximizing the fun
May 11, 2012
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Company pavilions open arms to visitors
Seven Korean conglomerates run pavilions with distinctive themes, featuresDomestic large companies are getting busy to introduce their pavilions to the visitors as the Yeosu Expo is scheduled to kick off on Saturday.Seven major companies in Korea ― Hyundai Motor, POSCO, SK Telecom, Samsung, LG, GS Caltex and Lotte ― have completed their pavilions to open it up for visitors of Expo 2012 Yeosu, which runs from May 12-Aug. 12.The firms will hold briefings for VIP guests to explain the highlights o
IndustryMay 11, 2012
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S. Korea to keep tightened quaratine checks on U.S. beef
South Korea will maintain its tightened quarantine inspections regime on U.S. beef but take no steps to halt imports despite the recent discovery of a mad cow case in the United States, the farm ministry said Friday.The Ministry for Food, Agriculture, Forestry and Fisheries said a nine-person inspection team that checked various cattle and meat packing facilities in the United States concluded the
IndustryMay 11, 2012
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Seoul shares fall 1.43% on lack of leads
South Korean stocks closed 1.43 percent lower Friday on lack of upward momentum and growing European debt concerns, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 27.80 points to 1,917.13, in its third straight session of decline.Trading volume was moderate at 522 million shares worth 4.32 trillion won (US$3.76 billion
May 11, 2012
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S. Korea, Peru to expand industrial, energy cooperation
South Korea and Peru agreed to explore ways to expand industrial and energy cooperation that can benefit both countries, the government said Friday. In a meeting between Knowledge Economy Minister Hong Suk-woo and Jose Luis Silva Martinot, Peru's minister of Foreign Trade and Tourism, the two sides exchanged views on how best to achieve the "comprehensive strategic partnership" arrangement anno
May 11, 2012
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Class action suit against Apple over iPod
Millions of iPod owners may be surprised to learn they're suing Apple, industry analysts said.A lawsuit against Apple by RealNetworks, which developed the Real Player app and the Harmony music service, has been given class-action status U.S. District Court for the Northern District of California, Mashable reported Thursday.Consumers who purchased iPod devices between Sept. 12, 2006, and March 31,
TechnologyMay 11, 2012
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Housing regulations eased in three rich Seoul districts
Package of measures aims to boost sagging property marketThe government announced Thursday that it would lift restrictions on housing transactions in three up-market Seoul districts ― Gangnam, Seocho and Songpa ― in an effort to stimulate the nation’s real estate market.The latest package of measures ― the 17th under the current Lee Myung-bak administration ― removes the last of the nation’s “speculation zones.”In 2003, the most coveted residential area in Seoul was designated an “overheated spe
May 10, 2012
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Dongbu, Homeplus ‘poor’ on shared growth
Five more companies rated at bottom on shared-growth indexSeven big enterprises paid relatively little attention to “shared growth” with subcontractors, according an index released on Thursday by the presidential panel on shared growth.They were Dongbu Corp., Hanjin Heavy Industries & Construction, Hyundai Mipo Dockyard, Homeplus, Hyosung, LG Uplus Corp. and STX Offshore & Shipbuilding, according to the Commission of Shared Growth for Large and Small Companies.In the commission’s first unveiling
IndustryMay 10, 2012
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Korea to grow 3.2% in 2012: KERI
South Korea’s economy is expected to grow 3.2 percent in 2012 in the face of persistent eurozone woes and uncertainties surrounding the U.S. and Chinese markets, a local think tank said Wednesday.The prediction made by the Korea Economic Research Institute is lower than the government’s official growth target of 3.7 percent set for this year, and 3.5 percent growth forecast made by the country’s central bank. The research arm of the Federation of Korean Industries, the leading business lobby, ad
May 10, 2012