Most Popular
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Heavy, wet snow to fall more often this winter
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SNU professors join growing movement calling for Yoon's resignation
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Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
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[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
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‘NewJeans are no longer under Ador,’ says legal expert
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Most foreign-owned land held by US citizens, houses by Chinese
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Will Min Hee-jin reunite with NewJeans?
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NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
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Samsung promotes tech-savvy execs to tackle challenges
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11 Chinese, Russian military aircraft enter S. Korea’s air defense zone
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
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Siemens to transfer energy business to Korea by 2017
Siemens will be building its Asian headquarters for its energy solution business in Korea, the company said on Tuesday, a move that will transfer valuable engineering know-how to the nation. It will be the second such regional head office for the German engineering company in the sector of power generation engineering after one in the U.S., Siemens executives said, stressing that the plans would help create a strong platform for Korea to advance in its electric engineering technology.“This is no
IndustryMay 7, 2013
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Samsung takes larger slice of smartphone industry’s profits
Samsung Electronics Co., the world’s top smartphone maker, saw its profitability in the smartphone business arena rise in the first quarter on the back of increased sales, data showed on Tuesday.According to the data compiled by global investment banking house Canaccord Genuity, Samsung took 43 percent of the global smartphone industry’s profits in the January-March period, compared with the 26 percent a year earlier.Apple Inc., the iPhone maker, maintained its status as the dominant player in t
IndustryMay 7, 2013
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April sales at major local department stores drop 1.6%
Sales at South Korea’s major department stores dropped in April from a year earlier, preliminary government data showed Tuesday.According to a report by the Finance Ministry, sales at department stores were estimated to have shrunk 1.6 percent on-year in April. The decline followed a 7.5 percent gain in March.Sales at discount chains also dropped 10.3 percent over the cited period, the report showed. In March, sales fell 4.4 percent.“Retail sales figures for April are expected to be more sluggis
IndustryMay 7, 2013
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Seoul publishes English booklet on Dokdo geography
South Korea has published an English version of its information booklet on Dokdo, the government said Tuesday, in an effort to strengthen the country’s control of the islets also claimed by Japan.The book offers basic information about Dokdo, along with geography of the islets in the East Sea, according to the Ministry of Land, Infrastructure and Transport.The book, “The Geography of Dokdo,” will soon be distributed to libraries and South Korean diplomatic missions around the world, it said.The
IndustryMay 7, 2013
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IBK Capital penalized for information leaks
The Financial Supervisory Service has punished credit finance lender IBK Capital for leaking private information of its customers, FSS officials said Tuesday. The state financial regulator said it issued a 6 million won ($5,500) fine and individual cautions to two executives and three employees of the capital firm. The five are held responsible for exposing names and contact numbers of some 5,700 customers without consent in 2012, the FSS said. About 700 of these customers had their credit ratin
May 7, 2013
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Korea, U.S. to strengthen energy cooperation under FTA
South Korea and the United States plan to sign a pact on close collaboration in the energy sector this week, officials at the Ministry of Trade, Industry and Energy said Tuesday.On the sidelines of President Park Geun-hye’s summit diplomacy in the United States, Korea’s Trade, Industry and Energy Minister Yoon Sang-jick will make a joint declaration on mutual aid on energy development with his counterpart later this week, according to the ministry officials.While the new secretary nominee for U.
IndustryMay 7, 2013
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Import car sales hit new record
The boom in the nation’s imported car market shows no sign of abating, with monthly sales hitting another record in April.The Korea Automobile Importers and Distributors Association said Tuesday that import car sales surged 24.9 percent to 13,320 units last month. In the first quarter, a combined 48,284 vehicles were sold, up 20.9 percent from 39,953 a year ago, the business lobby said in its monthly report. In April, BMW topped the list with sales of 2,719 vehicles, followed by Mercedes-Benz wi
IndustryMay 7, 2013
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Ssangyong to revive night shift on upbeat sales
Ssangyong Motor said it would revive a two-shift working system at its Pyeongtaek factory from next week, four years after the carmaker discontinued its night shift following its court receivership in 2009. Ssangyong, whose largest shareholder is India’s Mahindra & Mahindra, said it planned to start the new working system from May 13, dispatching the 454 workers who were reinstated in March after years of unpaid leave into three existing assembly lines. The decision came as the carmaker seeks to
IndustryMay 7, 2013
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KHNP seeks shared growth with SMEs with new buying system
Korea Hydro & Nuclear Power Co., the state-run nuclear power plant operator, recently announced a plan to accelerate sustainable growth. The move is in line with the government’s ongoing efforts to promote shared growth with small-and medium-sized enterprises.KHNP said it had started with reorganizing and expanding related departments and was working to enhance technical competence and reform its purchasing methods.The company has come up with several measures to improve small firms’ cashflow. L
BusinessMay 7, 2013
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Chaebol search for new business areas
South Korean conglomerates are facing a crisis of stagnant growth, squeezed by falling domestic demand and a prolonged global economic downturn. The chaebol are actively searching out new business beyond their core to survive. According to FnGuide, a local financial information provider, about 63 percent of 41 companies listed on the main stock bourse posted an on-year drop in their first-quarter operating profit. “Aside from those in such areas as electric, electronics and pharmaceuticals, cong
BusinessMay 7, 2013
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Booyoung to upgrade residential environment in Cambodia
PHNOM PENH ― Booyoung Group, the nation’s 19th-largest conglomerate and one of the leading house builders, has launched a project to build the largest-ever urban complex in Phnom Penh, Cambodia.The company held on Tuesday the groundbreaking ceremony for Booyoung Town I, a comprehensive commercial and residential town including high-rise buildings, sports centers and schools.The event was attended by Booyoung Group chairman Lee Joong-keun, Cambodian Land Minister Im Chhun Lim, Korean Ambassador K
May 7, 2013
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AmorePacific’s Hope Store campaign marks 10th year
AmorePacific this week announced it would launch a campaign to mark the 10th year anniversary of its program to support female bread-winners of underprivileged families. The cosmetics company is receiving donations for the program, both on and off-line, until June 28, for its “Hope Store.” Online, the website http://makeupyourlife.amorepacific.com is open for all, while AmorePacific also will operate separate zones at their nationwide branches where people can drop by to show their support. The
IndustryMay 7, 2013
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Regulators boost oversight of banks, overly indebted firms
By Park Hyong-kiFinancial regulators plan to toughen oversight of conglomerates that have excessively borrowed from their creditor banks to avert another possible STX or Woongjin-style credit crunch in the industry.The Financial Supervisory Service, the regulatory enforcement agency of the Financial Services Commission, also plans to strengthen its supervision of banks that allowed conglomerates to overleverage their positions without proper evaluation of their balance sheets.This comes after ST
May 7, 2013
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Would you subscribe to YouTube’s paid channels?
The word is out again. Google-owned online video giant YouTube is reportedly close to launching its paid channels as early as this week.YouTube said it is “looking into creating a subscription platform that could bring even more great content to YouTube.”Foreign press reported that if the new subscription system goes into effect, there will be as many as 50 paid channels offering different topics such as films, TV shows or music for a subscription fee as little as $1.99 a month.Since 2008, YouT
TechnologyMay 7, 2013
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Nearsightedness hereditary: study
Many problems with eyesight can be traced to genetic conditions, South Korean researchers said in a new study on Tuesday. Professor Chung Eui-sang and his colleagues from Samsung Medical Center conducted the study on 240 identical twins and 45 fraternal twins and 469 pairs of siblings who had visited the hospital from 2007 to 2011.They found that identical twins who share many of their genes showed a high level of consistency in their eyesight. When one monozygotic twin is nearsighted, the other
TechnologyMay 7, 2013
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Facebook to add video ad to newsfeed
Social network Facebook is set to present a new video ad solution in its newsfeed starting from July to increase revenue. The move, which came after its shares lost ground last year, is aimed at carving out a share of the video ad budget of major advertisers. Spending on digital video ads is expected to grow by 41.4 percent from 2012 to hit $4.1 billion in 2013. The new type of ads will start automatically on the user’s newsfeed without any sound at first. The user will have to press the play bu
TechnologyMay 7, 2013
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Seoul shares down 0.36 pct ahead of BOK meeting
South Korean stocks closed 0.36 percent lower Tuesday as investors took a wait-and-see approach ahead of the central bank's monetary policy meeting slated for Thursday, analysts said. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) shed 7.13 points to finish at 1,954.35. Trading volume was low at 295 million shares worth 3.5 trillion won (US$3.2 billion) with gainers outnumbering decliners 437 to 368. "Seoul shares traded lower as in
May 7, 2013
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Nikkei index closes up 3.55% to highest in nearly 5 years
Tokyo stocks soared Tuesday, closing at their highest level in almost five years with the market driven by a weakening yen and after Wall Street hit fresh all-time highs on solid jobs data.The benchmark Nikkei 225 index added 3.55 percent, or 486.20 points, to 14,180.24, its best finish since June 2008, while the broader Topix index of all first-section shares was up 3.06 percent, or 35.29 points, to 1,188.57.Japan's premier bourse has rocketed since late last year as Tokyo pledged to boost the
May 7, 2013
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Children having ‘adult’s diet’ healthiest: study
Children who tend to eat the same food as their parents are found to have a healthier diet than other children, a study found. The University of Edinburgh conducted a study on about 2,200 5-year-olds to look at their eating habits, and discovered that when children were allowed to eat what they want, the majority of them asked for high-calorie, low-nutrition foods such as pizza and chips.“Offering separate children’s food for a main meal may result in children missing out nutritionally, for exam
TechnologyMay 7, 2013
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Seoul shares down 0.36 pct in late-morning trade
South Korean stocks traded 0.36 percent lower late Tuesday morning on losses in techs and foo producers, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) moved down 7.11 points to 1,954.37 as of 11:20 a.m. Tech blue chips led the decline, with market behemoth Samsung Electronics falling 1.06 percent and top chipmaker SK hynix moving down 1.21 percent. Leading flat panel manufacturer LG Display shed 1.53 percent. Food companies also traded lower, with leading foodmaker
May 7, 2013
