Most Popular
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Over 82,000 Korean young people unemployed, not searching for job long-term
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40% of Korea's workers who reported bullying faced retaliation: survey
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600 evacuated as heavy rain floods roads, homes in southern regions
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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New Fifty Fifty off to strong start
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[Weekender] Young Koreans more open to Japanese cultural products
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1 in 5 households to have breadwinner over 80 in 30 years
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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Doctors defend colleague accused of blacklisting non-strikers
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Samsung to release new smartwatch on Aug. 31
Samsung Electronics said Tuesday that it will release its new smartwatch, the Gear S3, in Berlin later this month. The unpack event will take place at 6 p.m. on Aug. 31, just two days before the German capital holds the Internal Funkausstellung (IFA) tech fair, a leading annual trade show for consumer electronics and home appliances. The invitation sent by the South Korean tech giant suggested that the new smartwatch will inherit features of its predecessor the Gear S2 including its round shape
TechnologyAug. 16, 2016
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Scientists develop improved breast cancer treatment
A group of South Korean scientists has developed a new treatment system for breast cancer by enhancing the effectiveness of hormonal treatment, the science ministry said Tuesday.The team led by Park In-cheol discovered that administering dichloroacetate with the hormonal drug tamoxifen increases cell deaths in breast cancer by more than two times, the Ministry of Science, ICT and Future Planning said."Dichloroacetate is originally a drug used to lower lactate density but we have discovered that
TechnologyAug. 16, 2016
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Korean gov't seeks to issue 50-yr Treasury bonds
South Korea is considering selling state bonds that mature in 50 years as part of efforts to manage fiscal policy in a more stable manner, the finance ministry here said Tuesday.It will decide the exact timing of the issuance and detailed terms and conditions, as well as the amount, after collecting opinions from experts later this month, according to the Ministry of Strategy and Finance. The ministry said that a low interest rate trend and narrowed difference between long-term and short-term ra
Aug. 16, 2016
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Korean economy climbs back to 11th on falling energy prices
South Korea has regained its title as the world’s 11th-largest economy in nine years, according to national accounts data by the World Bank and the Organization for Economic Cooperation and Development.The latest data showed that Korea’s gross domestic product stood at $1.38 trillion in 2015, climbing back up to 11th place, based on the average dollar currency rate over the last three years.Korea’s ranking in terms of economic output has been sliding since 2006, beyond the top 10 during the Roh
Aug. 16, 2016
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Military submarine explosion kills 3, injures 1
A submarine explosion that occurred at a Navy repair facility left three military personnel killed and one injured, Defense Ministry said Tuesday.The explosion, which happened around 8:30 a.m. in Jinhae, South Gyeongsang Province, is presumed to have been caused by the gas accumulated within the vessel, a ministry official explained. “The submarine had been placed in the repair facility for a regular inspection from May 2 to Sept. 2, and was about to be moved for repairs today,” a military offic
DefenseAug. 16, 2016
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[DECODED] Looming changes in Hanwha’s governance structure
Hanwha Group’s equity ownership structure is laid out in a highly cost effective way for Kim Seung-youn, enabling the chairman to control the 55.4 trillion won ($50 billion) empire with 0.9 percent of the equities, worth about 610 billion won. Changes will be inevitable, however, once Kim begins preparations to hand over the reins to his sons amid increased shareholder activism and toughening corporate governance rules.“Succession seems distant at Hanwha now, with the sons owning only marginal e
IndustryAug. 16, 2016
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[News Analysis] CJ faces hurdles despite chairman’s return
Despite the return of the CJ Group chairman through a presidential pardon last week, the South Korean food and entertainment conglomerate appears to be facing multiple issues before it can gear up for global expansion. CJ's ailing chief Lee Jay-hyun was freed of his 2 1/2 year jail term through a surprising presidential pardon last week, making way for his return to management. The chairman's return is likely to lend a major boost to CJ’s stalled push for strategic mergers and acquisitions and b
IndustryAug. 16, 2016