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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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Opposition leader awaits perjury trial ruling
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Seoul stocks hit hardest among big Asian markets
Korean banks see risks grow to eight-month highKorea has seen its stocks plummet the most among major Asian markets over the past four days after the U.S. and European fiscal woes hit the global markets.The KOSPI tumbled by 10.5 percent last week, posting the sole double-digit fall among the major i
Aug. 7, 2011
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Import cars to grab 10% of Korean market by 2012
Foreign carmakers are expected to capture 10 percent of Korea’s automobile market in about a year after they saw the market share surpass 1 percent for the first time in 2002.Buoyed by active sales of smaller sized sedans among newcomers such as Peugeot and Honda Motor in early 2000s, import vehicle
MobilityAug. 7, 2011
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Toyota struggles with iQ as Kia’s Soul soars
Toyota Motor Corp.’s Scion brand, created in 2003 to attract young buyers with quirky cars and low prices, is trying to revive flagging sales with the tiny iQ. Scion is in need of a revival: Sales have fallen for four straight years, sliding 74 percent from a 2006 peak of 173,034. While deliveries o
MobilityAug. 7, 2011
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Park named CEO of S-LCD
Park Dong-gun, vice president of Samsung Electronics, has become the new chief executive of S-LCD Corporation, a joint venture between the Samsung Group’s flagship unit and Sony Corporation. Park Dong-gunThe company said Saturday that Park will replace the LCD arm’s former CEO Chang Won-
IndustryAug. 7, 2011
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S. Korean shares likely to be rocked by uncertainties next week
South Korean stocks are expected to face a considerable amount of uncertainties and volatile sessions next week following the downgrading of the U.S. sovereign credit rating, analysts said Saturday.Market experts said that the decision by Standard and Poor's Rating Services (S&P) to lower the credit
Aug. 6, 2011
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S. Korea issues solar warning alert
South Korea issued a solar warning alert on Saturday and informed telecommunication and transportation companies to expect disruptions in communication-related services.The Radio Research Agency (RRA) said that a sizeable solar flare occurred at 3 a.m. and that the large amount of energy released fr
TechnologyAug. 6, 2011
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Bank of Korea sees no big impact from U.S. rating cut
Aug. 6, 2011
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S. Korea monitoring market response to S&P's U.S. credit rating cut
South Korea is closely monitoring financial market developments following the move by Standard and Poor's Rating Services (S&P) to downgrade the sovereign credit rating of the United States, the government said Saturday.The Ministry of Strategy and Finance said that it will concentrate on controllin
Aug. 6, 2011
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Kyungeun Savings Bank suspended for six months
South Korea's financial watchdog on Friday suspended the operation of a local savings bank for six months, citing its capital shortage.Kyungeun Mutual Savings & Finance will be suspended until Feb. 4, as it failed to meet regulatory capital requirement, the Financial Services Commission said in a st
Aug. 5, 2011
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KOSPI plunges below 2,000; Won drops on global woes
Stumped by worries over the global economy and falling oil prices, the country’s benchmark Korea Composite Stock Price Index fell below the 2,000 mark for the first time since March 18.The KOPSI, which began to dip on Tuesday, continued the decline to close at 1943.75 points on Friday, down 3.7 perc
Aug. 5, 2011
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Wall St. plunge could worsen economy’s troubles
WASHINGTON (AP) -- The two-week plunge in stock prices is signaling economic anxiety, but it’s also compounding the problem: Lower stock prices are shrinking Americans’ wealth, rattling their confidence and making them less inclined to spend.And employers may become even slower to hire.The Dow Jones
IndustryAug. 5, 2011
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Cyworld, Nate face more legal woes
Two users file for compensation as more seek class actionSK Communications’ legal woes are expected to deepen as more people are seeking compensation from the company for allowing the leaking personal information it gathered from members of Cyworld.com and Nate.com. The move, if it becomes a nationw
TechnologyAug. 5, 2011
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Samsung’s Lee, wife donate W12 billion to Won Buddhism
Samsung Electronics Chairman Lee Kun-hee and his wife Hong Ra-hee have donated a total of 12 billion won ($11.2 million) since last year to help build a Won-Buddhist temple in New York, industry sources said Friday.Hong is known to be a devoted follower of Won-Buddhism, a Buddhist sect originating from Korea. Lee has no religion. Established in 1916, Won-Buddhism aims to modernize and rejuvenate Buddhism by using conventional teachings for practical purposes.Samsung Electronics Chairman Lee Kun-
IndustryAug. 5, 2011
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Morning named best foreign small car in Germany
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Morning has been named the best foreign-made small city car and low-cost passenger vehicle in Germany.The car, sold in the European market as the Picanto, ranked first among imported city cars evaluated by Auto Bild and t
IndustryAug. 5, 2011
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Samsung, LG phones stay top in N. America
South Korean mobile phone giants Samsung Electronics Co. and LG Electronics Inc. retained their leading positions in the North American market for a 12th straight quarter in the April-June period, an industry report showed Friday.Samsung, the world’s second-largest cellphone maker, sold 13.8 million
IndustryAug. 5, 2011
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GM surpasses Toyota as largest automaker
General Motors Co. outsold Toyota Motor Corp. globally in the first six months to become the world’s largest automaker after the record March earthquake disrupted production in Japan.GM sales rose 8.9 percent to 4.536 million units in the half-year ended June 30, the Detroit-based automaker said in
IndustryAug. 5, 2011
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French court orders...probe of IMF chief
PARIS (AP) ― A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde’s role in a $400 million arbitration deal in favor of a controversial tycoon.Investigators will open an inquiry this week into possible charges of “complicity to embezzlement of public funds” and “c
IndustryAug. 5, 2011
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Artificial stem cell sperm may treat infertile men
Fertility researchers succeeded in creating viable artificial sperm by using stem cells for the first time, marking a scientific breakthrough which may lead to new treatments for infertile men, according to the Telegraph.(MCT)Scientists at Kyoto University used stem cells from mouse embryos to creat
TechnologyAug. 5, 2011
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Air France ban female staff from serving Strauss-Kahn
Air France had allegedly forbidden female flight attendants from serving the ex-IMF chief as he had sexually harassed the staff, according to reports.Dominique Strauss-Kahn, now accused of attempting to rape a hotel maid in New York, had been harassing female staff on flights so frequently that the
IndustryAug. 5, 2011
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Pilot from missing Asiana aircraft had $1.4 million debt
The missing captain from an aircraft that crashed near Jeju Island last month reportedly had massive debts from guaranteeing a relative’s loan.Speculation concerning the intentionality of the accident was sparked as it was revealed that the pilot had signed up for around seven life insurance policie
IndustryAug. 5, 2011
