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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Evicted guest burns down inn; 3 killed
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Volkswagen halts sales of nearly 80 models in Korea
[THE INVESTOR] Audi Volkswagen Korea has decided to stop selling certain vehicles that cheated on emission tests in South Korea, local news reported Thursday. The Korean unit informed local dealers of its decision to suspend from Monday the sales of 79 models of cars, including top-selling ones such as the Volkswagen Golf, Jetta and the Audi A4. Volkswagen GolfThe Ministry of Environment had earlier issued an order to ban sales and cancel the registration of VW’s diesel and gasoline engine vehi
MobilityJuly 22, 2016
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[EQUITIES] HMC Investment Securities forecasts POSCO to post 10% rise in H2 operating profit
[THE INVESTOR] HMC Investment Securities on July 22 forecast steelmaker POSCO will see its operating profit rise 10 percent from the first half to 1.43 trillion won (US$1.25 billion) on a non-consolidated basis. The brokerage also downplayed POSCO’s lackluster second-quarter earnings, saying it was caused by a delay in POSCO Engineering & Construction’s project building a steel mill in Brazil. The issue will likely be resolved by the fourth quarter, it said. China’s steel prices are also expecte
July 22, 2016
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Unionized workers of Hyundai Motor extend strike, denting output
South Korea's top automaker Hyundai Motor Co. again stood to lose billions of won in sales and output as its unionized workers continued their partial strike for a fourth day Friday.Some 13,000 workers at the company's main plant in Ulsan walked off the job at 9 a.m., while an additional 15,000 originally scheduled to start their shift later in the day were set to join the earlier shift in a protest visit to the company's headquarters in Seoul.The company said four-hour strikes over the past thr
IndustryJuly 22, 2016
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Activist group sends anti-Pyongyang leaflets
A civic group comprised of North Korean defectors on Friday said it sent anti-Pyongyang leaflets via balloons across the inter-Korean border earlier this week, amid escalating military tensions in the Korean Peninsula.The Fighters for Free North Korea said it sent some 300,000 leaflets from Gimpo, just west of Seoul, on Thursday, criticizing the North's test-firing of the Musudan intermediate-range ballistic missile and the launch of short-rage Scuds. It said 10 members of the U.S.-based civic g
North KoreaJuly 22, 2016
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Gov't tightens regulations on embryonic stem cell registration
The government will require all registrations of embryonic stem cells to have consent forms from donors and a sample of their biological material on file to block unethical conduct in the research process, the Ministry of Health and Welfare said Friday.The new regulation, effective from the day, obligates registrants to provide formal consent forms from donors stating that they agree to give their eggs and somatic cells and that they can be used for research purposes. Registrants must also subm
TechnologyJuly 22, 2016
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Park to host luncheon with heads of midsized firms
President Park Geun-hye will host a luncheon with the heads of some 140 midsized enterprises and economic policymakers to offer them her encouragement and call for their continued efforts to help create new jobs and bolster trade.During the luncheon at the presidential office of Cheong Wa Dae, Park plans to touch on the outcome of the government's drive to foster midsized companies and her future policy direction, and express her continued commitment to support businesses, her aides said.The pre
IndustryJuly 22, 2016
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Samsung acquires 2% stake in BYD
[THE INVESTOR] China’s largest electric car maker BYD on July 21 announced that Shanghai Samsung Semiconductor, a unit of Samsung Electronics, has acquired its 52.3 million shares for 3 billion yuan (US$450 million). With the acquisition, Samsung has become BYD’s ninth-largest shareholder with a 1.92 percent stake. BYD, which started as a rechargeable battery maker, is currently the largest EV maker not just in China but also globally. BYD’s 2016 full-electric and hybrid vehicle lineup“The lates
TechnologyJuly 22, 2016