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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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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U.S. stock futures advance after profit reports beat estimates
U.S. equity-index futures gained, signaling stocks may rebound from near the lowest levels in about a year, after companies from Cisco Systems Inc. to News Corp. reported better-than-estimated earnings.Cisco, the world’s largest maker of networking equipment, exceeded analyst’s profit estimates afte
Aug. 11, 2011
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More than half of workers had financial problem with colleagues
(MCT)More than half of Korean workers were not paid back money they lent to colleagues, a poll showed on Thursday.According to Recruit, a local online job search engine, about 87.2 percent of the 532 respondents said that they had lent money to colleagues.But about 57.2 percent replied that they had
IndustryAug. 11, 2011
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S. Korea ranks 7th among OECD nations in environmental R&D spending
The rate of environmental research in South Korea's total government budget for research and development activities was 3.31 percent in 2009, the seventh highest among the Organization for Economic Cooperation and Development (OECD) countries, an OECD report showed Thursday.The ratio was also higher
IndustryAug. 11, 2011
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BOK freezes key rate despite inflation risks
Central bank projects headwinds from debt woes in U.S. and Europe South Korea’s central bank on Thursday kept the key interest rate steady at 3.25 percent for the second month in a row, as global financial market turmoil sparked by the U.S. credit rating downgrade and Europe’s debt woes outweig
Aug. 11, 2011
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iPads trump oil: Apple is most valuable US company
NEW YORK (AP) -- It doesn't take a visit to the Genius Bar to figure out how Apple became the most valuable company in America.Its lineup of sleek phones, computers and iPods, irresistible to customers even in tough economic times, propelled it to the No. 1 position by market value Wednesday, surpas
IndustryAug. 11, 2011
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Meteorites carried life‘s building blocks to Earth: study
A new analysis of carbon meteorites suggests that they likely carried some of the building blocks needed for DNA to the Earth, according to a NASA-funded study published on Monday. Meteorites contain a large variety of nucleobases, an essential building block of DNA. (NASA's Goddard Space Flight Cen
TechnologyAug. 11, 2011
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Stocks tank on European bank, US economy fears
Trader Peter Tuchman works on the floor of the New York Stock Exchange Wednesday. (AP-Yonhap News)LONDON (AP) -- Concerns over the financial health of Europe's banks and the state of the U.S. economy sent stocks sharply lower Wednesday, a day after the Federal Reserve's pledge to keep extremely low
Aug. 11, 2011
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Stocks in U.S., Europe slide as Treasuries rally
U.S. stocks tumbled, erasing more than half of yesterday’s rally, while European shares slid and Treasuries rose for a third day amid concern the economic recovery is faltering and the debt crisis is spreading to France. The euro weakened against 11 of 16 major peers, dropping 1.1 percent to $1.4220
Aug. 10, 2011
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Market rebounds on U.S. Fed pledge
Lee urges close cooperation with foreign governmentsSeoul stocks rebounded in wobbly steps and advanced a tiny 0.27 percent to close at 1,806.24 Wednesday, tracking overnight recoveries in the U.S. and Europe on the Federal Reserve’s pledge to keep money flow cheap for the next two years.The benchma
Aug. 10, 2011
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Fed’s rate move may be boon for Korea
Dimmer U.S. economic outlook, rising inflation at home still pose riskAs the U.S. Federal Reserve pledged to keep its benchmark interest rate at near zero through mid-2013 helping Wall Street to stage a rebound Tuesday, investors in Seoul also seemed less nervous. Still, a bigger question remains: W
Aug. 10, 2011
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Crisis may speed up big trade deals
Although a dreary outlook for the U.S. economy coupled with a rating cut has triggered mayhem throughout the world’s stock markets this week, it may serve as a catalyst for free trade agreements, experts said Wednesday.A spate of grim economic figures stoked fears of a “double-dip” recession. The wo
IndustryAug. 10, 2011
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BOK expected to miss inflation target
The possibility that Korea will fail to meet its inflation target of 4 percent for 2011 increased as the European debt crisis continued to hit local financial markets.The Bank of Korea, which has pushed for tightening monetary policies in an attempt to curb consumer prices, is unlikely to raise the
Aug. 10, 2011
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Korea likely to weather financial turmoil: Morgan Stanley
South Korea is expected to tide over the ongoing financial turmoil stemming from jitters over the U.S. economy and the European debt crisis, thanks to its solid exports and improved financial indicators, a report showed Wednesday.“We think Korea’s exports will fall less than other countries (like la
Aug. 10, 2011
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Firms may rethink U.S. biz strategies
Companies looking for signs of prolonged recession in Europe, U.S.Large Korean companies struggled to appear unfazed but many, especially those dependent on overseas sales, seemed to be rethinking their business strategies in the aftermath of a financial shock stemming from the U.S.Hyundai Motor is
Aug. 10, 2011
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Ministry upping price pressure on refiners
The government is stepping up pressure on local refiners to lower fuel prices as it recently demanded they disclose their supply prices to individual gas stations. Industry sources said Wednesday that the Ministry of Knowledge Economy has been analyzing the accounting records of some 180 gas station
IndustryAug. 10, 2011
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Hyundai to develop compact battery powered cars in 2014
Korean automakers have set out to develop midsized electric vehicles in a government project to roll out cheaper, eco-friendly and better-performing cars in 2014.A consortium led by Hyundai Motor Co., the country’s top car manufacturer, has signed a deal with the Ministry of Knowledge Economy to est
IndustryAug. 10, 2011
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Milk crisis looms amid stalled price talks
Dairy farmers halted the raw milk supply again on Wednesday, with price talks stalled without agreement. Industry sources predicted that a milk crisis is imminent, saying that current milk reserves would reach their limits within one or two days. Representatives of the government, milk manufacturers
IndustryAug. 10, 2011
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Neowiz Games’ earnings hit record
Neowiz Games Corp., a Korean online game publisher, again broke its highest quarterly earnings record in the second quarter, recording 167.7 billion won ($155.26 million) in sales, up 13 percent from last quarter.The company also posted 26.3 billion won in operating profit and 13.4 billion won in ne
IndustryAug. 10, 2011
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Shinhan targets younger customers
Shinhan Bank, under the customer-oriented management policies of CEO Suh Jin-won, has been diversifying its financial products.The commercial bank’s couple-customized products offer higher interest rates to those who register as couples through the lender’s smartphone application.Shinhan has release
Aug. 10, 2011
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Online associations protest Apple’s in-app purchase fees
Industrial action has been taken against Apple Inc.’s in-app purchase policy, with groups in Korea protesting the procedure which mandates customers and mobile app developers use its payment tool at its App Store.The Korea Internet Corporations Association, joined by the Korea Mobile Internet Busine
IndustryAug. 10, 2011
