Most Popular
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NewJeans terminates contract with Ador, embarks on new journey
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Ador claims exclusive contracts with NewJeans still valid
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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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N. Korea launches 32nd wave of trash balloons, anti-S. Korea leaflets
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‘NewJeans are no longer under Ador,’ says legal expert
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NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
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Will Min Hee-jin reunite with NewJeans?
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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=)
![[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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Honda recalls 250,000 vehicles for braking problem
Honda is recalling nearly 250,000 vehicles worldwide for brakes that can suddenly kick in even when the driver isn't braking. No crashes have been reported related to the defect. Honda Motor Co. said Thursday it was recalling more than 183,000 vehicles in the U.S., including the Acura RL, Acura MDX and Pilot models. More than 56,000 vehicles were recalled in Japan, affecting the Odyssey, Legend, StepWgn and Elysion models. Also being recalled are nearly 8,000 vehicles in Canada, nearly 1,000 in
IndustryMarch 14, 2013
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Hybrids’ fuel savings payoff takes 10 years
Kim Min-kyu, a 35-year-old TV producer, recently purchased a Toyota Prius, the world’s best-selling hybrid. Despite the price being almost double that of same-size Korean brand cars, he feels good about his fuel savings. “I actually didn’t like the futuristic car design but its fuel efficiency rating was more appealing to me. It’s also cool to be seen driving a hybrid,” he said.Amid high gasoline prices, a growing number of Korean drivers, like Kim, are turning to more fuel-efficient vehicles, s
IndustryMarch 14, 2013
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Men and women smoke for different reasons
Men tend to smoke for fun while women light up to relieve stress, a survey revealed.The survey, commissioned to mark “No Smoke Day” in Britain, showed that 56 percent of the male respondents smoke when they hang out with friends, higher than 48 percent of female smokers.“This is surprising, particularly in the modern day and could be indicative that women potentially attribute an element of shame to their smoking behavior,” said Jo Hemmings, a behavioral psychologist.The research also showed tha
TechnologyMarch 14, 2013
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Department stores shuffle high-end cosmetics shops
South Korea’s major department stores are relocating their cosmetics brands to target different customers’ needs, in a departure from the past when all cosmetic lines were placed on the first floor.Some premium cosmetics are now moving out from the first floor and placed on different floors to target VIP customers by emphasizing their private and luxurious image. Shinsegae’s Gangnam branch moved upscale cosmetic brands including “Chantecaille” and “Darphin” to the second floor in the newly set u
IndustryMarch 14, 2013
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Neanderthal demise down to eye size?
Neanderthals went extinct because they had larger eyes than modern humans that monopolized brain resources to see in the long nights in Europe, scientists say.Modern humans, on the other hand, spent more time in Africa where longer, brighter days required no such adaption and allowed our frontal lobes, associated with higher-level thinking, to evolve further before we moved out of Africa and spread across the globe, they said.Eiluned Pearce of Britain's Oxford University, comparing Neanderthal s
TechnologyMarch 14, 2013
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Seoul shares close flat on key rate freeze
South Korean stocks closed almost flat on Thursday following the central bank's decision to freeze the key interest rates, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.40 points, or 0.12 percent, to 2,002.13. Trading volume was low at 320.7 million shares worth 4.01 trillion won (US$3.64 billion), with gainers outnumbering decliners 489 to 324."Local shares traded flat as investor sentiment was dented by the central
March 14, 2013
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Dwelling on past increases risk of inflammation
A study suggests that people who dwell on past events can increase the risk of inflammation.Researchers in Ohio University recruited 24 young women and asked them to make a speech in front of stoned-faced interviewers.After dividing the participants into two groups, they asked the first group to contemplate on their past memories while asking the second group to think about other things such as sailing in boats and browsing for groceries.Blood samples collected from the first group showed a high
TechnologyMarch 14, 2013
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The ‘20-20-20-20’ strategy keeps your eye healthy
U.S. vision health professionals recommended heavy computer users to follow the ‘20-20-20-20’ healthcare strategy to reduce eye strain. The strategy is designed to let people blink for 20 times in every 20 minutes and watch an object 20 feet away for 20 seconds. Office workers and game players often suffer from dry eyes, since they need to use computers for long hours.“Today’s offices are commonly cool and dry, which is nice and comfortable, except for the eyes. Blinking is nature’s way of keepi
TechnologyMarch 14, 2013
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Seoul shares down 0.82 pct in late-morning trade
South Korean stocks traded 0.82 percent lower late Thursday morning as foreigners and institutions scaled back their holdings, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped16.45 points to 1,983.28 as of 11:20 a.m.Large caps were mixed. Market bellwether Samsung Electronics lost 1.31 percent, but chip giant SK hynix added 1.59 percent.The local currency ended at 1,101.65 won against the greenback as of 11:20 a.m., down 4.25 won from the previous close. (Yonhap News
March 14, 2013
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Google tosses Reader as house cleaning continues
Google said Wednesday it was tossing its Reader service and seven other products under a house cleaning campaign that has closed 70 of the Internet giant‘s features in the past two years.“These changes are never easy,” Google senior vice president of technical infrastructure Urs Holzle said in a blog post.“But by focusing our efforts, we can concentrate on building great products that really help in their lives.”Reader was launched in 2005 as a way for people to keep track of updates to favored
TechnologyMarch 14, 2013
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BOK maintains key rate at 2.75%
The Bank of Korea froze its key base rate at 2.75 percent on Thursday for the fifth consecutive month as indicators show that the U.S. and China, the country’s two biggest export destinations, are heading for a full recovery this year.The U.S. created a number of new jobs to push down its unemployment rate to a four-year low at 7.7 percent last month as its Federal Reserve reaffirmed that it will carry out its easy money policy until the job market improves, while China continued to show solid d
March 14, 2013
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Seoul shares turn lower after strong start
South Korean stocks turned lower after opening a tad higher Thursday, led by losses in blue-chip exporters amid a policy void due to stalled government reorganization, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) shed5.11 points, or 0.26 percent, to 1,994.62 in the first 15 minutes of trading. Tech heavyweight Samsung Electronics slipped 0.3 percent, with No. 1 steelmaker POSCO losing more than 1 percent. In contrast, telecom shares trended upwards, with top mobile carr
BusinessMarch 14, 2013
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S. Korean banks' foreign-currency loans dip in 2012
Foreign-currency loans extended by South Korean banks declined last year from a year earlier, as a stronger won helped borrowers repay their outstanding debts, the financial regulator said Thursday. The amount of foreign currency-denominated loans extended by local banks reached $29.93 billion in the January-December period of 2012, according to the Financial Supervisory Service (FSS). The figure has been on the decline since it hit $43.10 billion as of the end of 2008, the FSS said. From 2010,
March 14, 2013
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Government sells stake in CSA to Korean Airlines
The Czech prime minister says the government has approved a sale of a minority stake in the national carrier CSA to Korean Airlines.Petr Necas says Korean Airlines will get a 44-percent stake in CSA for (euro) 2.64 million ($3.45 million). Necas said Wednesday the move is ``a very important step that makes possible the development of CSA and Prague's international airport.''The Czech state owns a 95.7 percent stake in the airline. It has been seeking a strategic partner for the carrier after it
IndustryMarch 13, 2013
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Finance Ministry leans toward increase of cigarette prices
The Ministry of Strategy and Finance has been saddled with two contradictory tasks: boosting sagging private consumption and raising tobacco prices.Last year, financial policymakers were skeptical about a cigarette price hike pushed by the Health and Welfare Ministry. They cited possible negative effects on consumer prices and household consumption.Further, the Finance Ministry denied the rumors in January that policymakers are poised to raise cigarette prices or create a new tax on the products
March 13, 2013
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Korea’s weekly working hours fall to record low
Korea’s weekly working hours fell to a record low in 2012 as companies reduced operations and production to shed costs amid the economic slowdown.Companies with more than five workers had their employees work an average 41.4 hours a week last year, with average monthly working hours also falling below 180 hours for the first time since 1999 when Statistics Korea began compiling data, the statistics bureau and the Ministry of Employment and Labor said Wednesday.Korea’s monthly working hours avera
March 13, 2013
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[Newsmaker] Yongsan development plan hangs by a thread
The ambitious plan to redevelop Seoul’s Yongsan into a landmark international business district is heading toward collapse with its developer on the verge of bankruptcy, having defaulted on its business loan interest.In the worst-case scenario, the project failure may result in capital impairment of the state-run rail operator KORAIL and an unprecedented class action suits involving dozens of investor companies and thousands of victimized residents.Dream Hub announced its default status Wednesda
March 13, 2013
![[Newsmaker] Yongsan development plan hangs by a thread](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/03/13/20130313000510_0.jpg&u=20130313204211)
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Minister nominee stresses need for stimulus
President Park Geun-hye’s nominee for the Finance Ministry chief said Wednesday that the government needs to review diverse measures including fiscal and financial steps to stimulate the economy which remains in a “serious” condition.During a parliamentary confirmation hearing held in Seoul, Hyun Oh-seok also opposed raising tax rates in order to secure the necessary money for an expected increase in welfare spending during the five-year term of President Park.“I agree that the economy is facing
March 13, 2013
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LG, Kia bag top design awards
Korean big names LG and Kia swept this year’s Red Dot design award, considered one of the highest honors in the world of design.LG Electronics said Wednesday it received a total of 27 Red Dot awards, with its curved OLED TV winning the top honor “Best of the Best.” The company garnered 14 awards last year. LG’s curved OLED TV features the industry’s first ergonomically curved screen with vivid picture quality, creating a panorama effect for viewers. The new TV set also removes the problem of scr
IndustryMarch 13, 2013
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BJFEZ eyes top position in Northeast Asia
The Busan-Jinhae Free Economic Zone, which is to celebrate its ninth anniversary this month, is seeking to become the top global business and distribution hub in northeast Asia.Last year, the BJFEZ induced a total of $220 million in foreign investment, boosted by its growth in the port logistics and high-technology industry, officials said Wednesday.Its target for this year is to up the amount to $250 million and to evolve into a comprehensive special zone which embraces logistics, financial ser
March 13, 2013
![[Newsmaker] Yongsan development plan hangs by a thread](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/03/13/20130313000510_0.jpg&u=20130313204211)
