Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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Opposition chief acquitted of instigating perjury
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French bank downgrades to have 'limited' impact on Korean financial firms: watchdog
The credit downgrades of two major French banks will have a "limited" impact on the health of South Korean financial companies as their exposure to those lenders remain quite small, Seoul's financial watchdog said Wednesday.Earlier, Moody's Investors Service, one of the world's major credit appraise
Sept. 14, 2011
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Market slides as European debt crisis deepens
Seoul stocks tumbled 3.52 percent to 1,749.16 on Wednesday as investors abandoned trade-dependent market assets on the European fiscal saga. The won ended 2.75 percent down against the U.S. dollar at 1,107.8, as investors chased safer assets. It was the biggest daily percentage drop since a 2.76 per
IndustrySept. 14, 2011
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Apple to revise rules on replacing faulty iPhones
An office worker, surnamed Kim, has replaced his iPhone 15 times in the 20 days since he purchased it. Kim’s is not a rare case in Korea, where Apple, the California-based handset maker, has offered a very limited after-sales service policy. Despite frequent glitches and failures, it is difficult fo
IndustrySept. 14, 2011
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Gold has been most profitable since Lehman Brothers’ collapse
Gold has been the most profitable investment vehicle since the collapse of Lehman Brothers Holdings in 2008, a survey showed Wednesday.According to the data compiled by the Yonhap news agency through banks and securities firms, the price of gold has increased 137.5 percent since the U.S.-based finan
Sept. 14, 2011
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Hyundai ups sales forecast to 4m on European ambitions
Hyundai Motor Co. said it expects to post sales of more than 4 million vehicles globally this year, stretching its previous target of 3.9 million on higher hopes for the European market.Unveiling the new generation of the i30 compact at the 2011 Frankfurt Motor Show on Thursday, Hyundai Motor vice c
IndustrySept. 14, 2011
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Samsung to file appeal vs. Apple in Germany
German media critical of court’s ban on sale of Samsung Galaxy tabletSamsung Electronics Co., the world’s second-biggest mobile phone maker, said on Wednesday it will file an appeal this week in a bid to overturn the latest German court ruling that bans sales of its tablet computer Galaxy Tab.
TechnologySept. 14, 2011
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Korea to lower import tariffs on chili peppers
South Korea will reduce tariffs on imported chili peppers in a bid to control a surge in consumer prices sparked by poor domestic output, the government said Wednesday.Under the move to go into effect within the month, a 10 percent tariff will be imposed on 8,200 tons of chili pepper imports, compar
Sept. 14, 2011
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Woori Card moving to stand alone again
Woori Financial Group’s project to launch a stand-alone credit card operation is drawing interest as financial regulators move to sell dominant shares of the state-owned group.The financial group is scheduled to convene a board meeting this month to approve its plan to separate Woori Card from Woori
Sept. 14, 2011
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Samsung Card to sell 20% stake in Everland
Stake sale signals major shift in control of Samsung GroupSamsung Card Co. said on Wednesday it plans to sell its 20.64 percent stake in its affiliate Samsung Everland Inc., which acts as Samsung’s Group’s holding company, sparking keen interest about possible stake buyers.Samsung Card, which owns a
Sept. 14, 2011
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Ssangyong aims to sell 40,000 cars in Europe this year
FRANKFURT, Germany (Yonhap News) ― Ssangyong Motor Co., South Korea’s smallest automaker, aims to sell 40,000 cars in the European market in 2012 as it moves to expand its global presence, the company’s president said Tuesday.Meeting with reporters at the Frankfurt Motor Show, Ssangyong CEO Lee Yoo-
MobilitySept. 14, 2011
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‘CEOs most worried about U.S. double-dip’
Nearly half of South Korean chief executive officers view a double-dip recession in the United States as the most worrisome risk facing the global economy in recent months, a poll showed Tuesday. According to Samsung Economic Research Institute’s survey of 295 CEOs, 48 percent of the respondents sai
Sept. 14, 2011
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‘Gender of heirs apparent affects chaebol business’
The gender of heirs apparent can affect the business performance of local conglomerates, research found Sunday. Chaebul.com, a portal following the activities of larger companies, recently analyzed changes in business showings among the nation’s 20 biggest companies in which children of owners were
IndustrySept. 14, 2011
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Local firms play catch-up on social media
Facebook, Twitter, me2day prevail but firms lack two-way interactionsAmid the explosive popularity of mobile computing and new media, a growing number of Korean companies are hitching a ride on the wave of social networking services in one of the world’s most wired countries.Facebook, Twitter and me
IndustrySept. 14, 2011
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Youth obesity on rise for third year: report
SEOUL, Sept. 14 (Yonhap) -- Obesity rates among children and adolescents have steadily risen in the last three years, a report showed Wednesday, posing growing public health challenges.According to the education ministry report, 14.3 percent of elementary, middle and high school students nationwide
TechnologySept. 14, 2011
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ADB cuts China's economic growth estimate for this year
HONG KONG, Sept. 14 (Yonhap) -- The Asian Development Bank (ADB) said Wednesday it has cut its 2011 growth forecast for China, citing weak external demand from its key trading partners and the government's efforts to cool inflation.The regional lender trimmed its 2011 growth estimate for China to 9.
Sept. 14, 2011
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Apple agrees to revise iPhone repair, return policies in S. Korea
Apple Inc. agreed to amend the iPhone repair and return policies in South Korea in response to consumer complaints about its use of refurbished products, the country's antitrust watchdog said Wednesday.The Cupertino, California-based company will replace iPhones within 30 days of purchase with new p
TechnologySept. 14, 2011
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Kia Motors' sales in China jump in Aug.
HONG KONG, Sept. 14 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Wednesday its sales in China surged more than 40 percent in August as its new vehicles attracted young customers in the world's No. 1 automobile market.Kia Motors said it sold 37,748 units in August, up 40
Sept. 14, 2011
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Samsung to appeal German ban on Galaxy Tab this week
SEOUL, Sept. 14 (Yonhap) -- Samsung Electronics Co., the world's No. 2 mobile phone maker, said Wednesday that it will appeal this week a recent German court ruling to ban sales of its tablet computer. Last week, Samsung failed to overturn a German court's sales injunction on the Galaxy Tab won by A
TechnologySept. 14, 2011
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GE to repay Buffett for 2008 rescue
General Electric said Tuesday that it would pay billionaire Warren Buffett‘s company $3.3 billion, plus dividends, for the preferred shares he bought during the 2008 financial crisis.Buffett’s purchase of the preferred shares in October 2008 rescued GE in the depths of the crisis, when the company w
Sept. 14, 2011
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Facebook to organize friends in 'smart lists'
NEW YORK (AP) _ It's a modern-day dilemma: You really want your Facebook friends to see that wild party photo of you wearing bunny ears. But you're not so keen on explaining it to your mother-in-law. Well, Facebook aims to make life easier.Beginning Wednesday, the social network will make it easier
TechnologySept. 14, 2011
