Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Korean, Romanian leaders discuss defense tech, nuclear energy
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N. Korea sends economic delegation to Iran amid suspected military cooperation
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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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North Korea fires several short-range ballistic missiles into sea: JCS
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A PlayBook for fighting Apple, Google
IndustryJan. 1, 2012
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Some Democrats to fight Obama on Korea FTA
Jan. 1, 2012
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Quake impact may spread beyond Japan
MobilityJan. 1, 2012
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Honda recalls Civics on fuel leak risk
MobilityJan. 1, 2012
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Entrepreneurs flood young stock-rich list
Nineteen entrepreneurs joined the nation’s list of 100 most stock-rich people aged under 45 last year, a conglomerate research firm said Sunday.The record figure, up from 10 a year earlier, included business people who started venture companies in their 20s in the 1990s, according to Chaebul.com, a
Jan. 1, 2012
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Overseas investors reap W350tr in stock gains over 20 years
Foreign stock ownership reaches 342 trillion won at yearend, accounting for 30% of total Foreigners have earned 350 trillion won ($307 billion) from investment in Korean shares over the past 20 years, according to the local brokerage industry.Their average earnings since the stock market opened
Jan. 1, 2012
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NASA probe circling the moon on New Year's Eve
PASADENA, California (AP) -- As planet Earth rang in the new year, a different kind of countdown was happening at the moon.After a 3{-month journey, a NASA spacecraft flew over the moon's south pole, fired its engine and dropped into orbit Saturday in the first of two back-to-back arrivals over the
TechnologyJan. 1, 2012
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Seoul shares expected to slip on eurozone woes
South Korean stocks are projected to trend lower in the first week of the new year, weighed down by nagging concerns over the eurozone debt crisis, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) fell 2.2 percent this week to close at 1,825.74
Dec. 31, 2011
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BOK chief says 2012 policy will center on price stability
South Korea’s central bank plans to make maintaining price stability its top priority next year as Asia’s fourth-largest economy remains dogged by persistent inflation risks, its chief said Friday.“Price stability has emerged more than ever before as an important matter of national concern,” Bank of Korea Gov. Kim Choong-soo said in his New Year’s message. “The task before us is to pay even closer attention to achieving our inflation target in 2012.”Kim’s stress on price stability comes as the c
Dec. 30, 2011
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Renault Samsung plans Korea’s first mass-produced electric car
Renault Samsung, the local affiliate of French automaker Renault SA, said it plans to introduce the all-electric SM3 to the public in 2013 in what is to become the country’s first mass production of zero-emission cars, CEO Francois Provost said.“We have plans to mass produce EV cars out of our Busan plant, we will confirm the details at the beginning of next year,” Provost recently told The Korea Herald. “For Renault Samsung, (the emergence of electric cars) is a big opportunity because the Kore
MobilityDec. 30, 2011
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Brainless fish found off Scotland
Marine Scotland / Courtesy Scottish GovernmentA marine survey around islands off Scotland has found a fish-like creature without a face or a brain, researchers said.The creature and others were recorded during a government-backed survey of the waters around Scotland's coast, using underwater video a
TechnologyDec. 30, 2011
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Growth momentum likely to slow down across manufacturing sector
IT products, automobiles expected to see moderate growth despite continued global economic slumpKorea’s major industries have a bleak outlook for next year, with the exception of semiconductors, general machinery and display panels, thanks to a delayed recovery of the global economy.A slump in demand from advanced economies, Korean manufacturers’ key markets, will slacken export growth of IT products such as mobile phones and television sets, and pull down prices, market watchers said.Automakers
IndustryDec. 30, 2011
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Korea’s economy faces challenges in 2012
Eurozone woes, concerns on slower export growth, stronger Korean won likely to affect financial marketsEvery year has a theme, in retrospect, that helps explain what dominated the country’s economy. In 2011, the eurozone debt crisis was the undisputed prime culprit in putting a dampener on the Korean economy. As the country rings in the new year, hopes are ripe that things will be different; unfortunately, the theme of 2012 might be dishearteningly familiar as the eurozone’s problems are expecte
Dec. 30, 2011
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M&As set to reshape financial sector
Brokerage firms expected to become big investment banks through M&AsMergers and acquisitions in the banking sector are expected to reshape the nation’s financial landscape in 2012, analysts said.Among major M&A targets in the banking sector are Korea Exchange Bank, Woori Financial Group and HSBC’s Korean unit.The most closely-watched situation is whether Hana Financial Group will successfully take over KEB, which has been owned by U.S.-based Lone Star Funds since October 2003.While the Financial
Dec. 30, 2011
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Consumer prices advanced 4% in 2011
South Korea’s consumer prices grew over 4 percent for a second straight month in December, raising worries that inflation could remain a drag on the nation’s economy, a government report showed Friday.According to the report by Statistics Korea, the country’s consumer price index rose 4.2 percent in December from a year earlier. That followed a 4.2 percent gain in November. Core inflation, which excludes volatile oil and food costs, grew 3.6 percent from a year earlier, the largest hike for this
Dec. 30, 2011
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Damages from social commerce surge
Damages from social commerce rose sharply from three cases in 2010 to 633 cases in 2011, the Korea Consumer Agency said Friday, as visitors to the online discount shopping sites more than doubled over the past year.Ninety-five cases were reported against Eoulim Communications which runs a social commerce site named Best Place. Eighty-eight cases were filed against Groupon, followed by 66 against Ticket Monster, 60 against Namu Internet’s We Make Price, 57 against Moongssa.com, 53 against Forward
IndustryDec. 30, 2011
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Korea to open new stock market for small firms
Korea’s financial watchdog unveiled on Friday a set of new initiatives that include the establishment of a third stock market for small companies in 2012, heralding a new phase for the country’s direct funding mechanism.In its 2012 policy report, the Financial Services Commission said the envisioned stock market will be dedicated to small and medium enterprises so that they can secure fresh funds for new investments. Korea runs two stock markets. The main bourse, KOSPI, is made up of blue-chip c
Dec. 30, 2011
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Growth momentum likely to slow in manufacturing sector
IT products, automobiles expected to see moderate growth despite continued global economic slumpKorea’s major industries have a bleak outlook for next year, with the exception of semiconductors, general machinery and display panels, thanks to a delayed recovery of the global economy.A slump in demand from advanced economies, Korean manufacturers’ key markets, will slacken export growth of IT products such as mobile phones and television sets, and pull down prices, market watchers said.Automakers
IndustryDec. 30, 2011
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Korean economy faces challenges in 2012
Eurozone woes, slower export growth, stronger won may affect financial marketsEvery year has a theme, in retrospect, that helps explain what dominated the country’s economy. In 2011, the eurozone debt crisis was the undisputed prime culprit in putting a dampener on the Korean economy. As the country rings in the new year, hopes are ripe that things will be different; unfortunately, the theme of 2012 might be dishearteningly familiar as the eurozone’s problems are expected to persist, casting a c
Dec. 30, 2011
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Korea to post fiscal deficit despite trade surge
The government logged a cumulative fiscal surplus of 3 trillion won ($2.6 billion) in the January-October period in 2011, but predicted the account will post a deficit in the year-end fiscal settlement, the Finance Ministry said Friday.The cumulative surplus for the first 10 months in 2011 is up 12 trillion won from same time last year. The government logged a 9.9 trillion won deficit during the same time in 2010. “The surplus increase in October was largely because of the temporary increase in
Dec. 30, 2011