Most Popular
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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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1 in 5 households to have breadwinner over 80 in 30 years
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Doctors defend colleague accused of blacklisting non-strikers
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Ssangyong Motor sales up 8.2% on-year in July
Ssangyong Motor Co., the local unit of Indian auto giant Mahindra & Mahindra Ltd., on Monday said its sales grew 8.2 percent from a year earlier in July, with a surge in exports more than offsetting a drop in domestic sales.The automaker sold 12,784 cars globally last month, compared with 11,813 vehicles sold in the same month last year.Domestic sales slipped 8.1 percent on-year to 7,546, which also marked a 22.6 percent plunge from the previous month.Exports, on the other hand, spiked 45.3 perc
MobilityAug. 1, 2016
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Gov't must make 'determined' push to tackle low birth rate: prime minister
Prime Minister Hwang Kyo-ahn said Monday the government must make a "determined" push to implement policies to tackle the falling number of newborns in South Korea, a trend that will weigh down the national economy."If the trend (of falling births) continues, the development of society and the happiness of the people will be severely hindered," Hwang said.The prime minister's remark came as the number of newborns in the country came to 34,400 in May, down 5.8 percent from a year earlier. It mar
Social AffairsAug. 1, 2016
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Construction permits rise 6.4% in H1
Construction permits for new buildings grew from a year earlier in the first half, partly on a rise in permits for new residential and commercial buildings, the government said Monday.The number of construction permits issued for new buildings came to 134,348 in the January-June period, up 6.4 percent from the same period last year, according to the Ministry of Land, Infrastructure and Transport.From six months earlier, however, the H1 tally marks a 3.6 percent drop.The on-year gain was largely
IndustryAug. 1, 2016
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More firms subject to strict antitrust rules in July
The number of South Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees rose in July from a month earlier, the antitrust watchdog said Monday.The Fair Trade Commission said the number of firms on its monthly watch list stood at 1,781 as of end-July, up 11 from the previous month.Such affiliates are owned by the country's 65 largest business groups, including Samsung Group, Hyundai Motor Group and Kakao Corp., the operator of South Korea's top mobi
Aug. 1, 2016
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Listed firms' stock buybacks up 245% on-year in first 7 months
Share buybacks by South Korea's listed companies increased 244.8 percent on-year to 6.31 trillion won ($5.6 billion) in the first seven months of this year from a year earlier, data showed Monday.A total of 64 companies -- listed on the main bourse and the tech-heavy Kosdaq market -- had announced the share buybacks in regulatory filings as of July 27, compared with 1.83 trillion won by 47 firms from a year earlier, according to the data compiled by the bourse operator Korea Exchange.By market,
Aug. 1, 2016
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Duty-free sales nearly double in June
Sales at South Korea's duty-free stores nearly doubled in June from a year ago thanks to a rising influx of Chinese travelers and last year's low base in the wake of the Middle East Respiratory Syndrome outbreak, data showed Monday. Sales at duty-free stores nationwide jumped 94.1 percent in June from a year ago, surging for the ninth consecutive month, according to the data compiled by the Korea Customs Service. The June sales marked a sharp yearly growth because the market was hit hard by the
TechnologyAug. 1, 2016
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Seoul shares open higher on Wall Street gains
South Korean stocks opened higher Monday, taking its cue from gains in Wall Street.The benchmark Korea Composite Stock Price Index added 10.32 points, or 0.51 percent, to 2,026.51 in the first 15 minutes of trading.Tech shares led the gains. Market kingpin Samsung Electronics surged 2.14 percent, continuing its rally after posting robust second-quarter earnings, and chip giant SK hynix advanced 1.74 percent.Auto shares were in the positive terrain. Industry leader Hyundai Motor increased 1.14 pe
Aug. 1, 2016