Most Popular
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Dongduk Women’s University halts coeducation talks
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Defense ministry denies special treatment for BTS’ V amid phone use allegations
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OpenAI in talks with Samsung to power AI features, report says
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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Two jailed for forcing disabled teens into prostitution
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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South Korean military plans to launch new division for future warfare
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Kia EV9 GT marks world debut at LA Motor Show
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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
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Rise in trade with China exposes Korea to pressure
HONG KONG (Yonhap News) ― Korea has come up against a dilemma as its export-led economy grows more dependent on China, which poses both opportunities and risks at the same time, experts say.China’s influence on the Korean economy is ever more visible as the world’s second-largest economy has become the largest destination of its products. For China, Korea is its third-largest trading partner after
Jan. 12, 2011
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Demand outpaces supply for Hyundai in U.S.: CEO
DETROIT (AFP) ― Hyundai is ramping up production in the face of growing U.S. demand but will likely not be able to build enough vehicles to satisfy all prospective buyers, the head of U.S. operations told AFP.“Our challenge is going to be can our plants supply what we think will be a remarkable consumer demand,” John Krafcik, president and chief executive officer of Hyundai Motor America, said Mon
IndustryJan. 12, 2011
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MySpace cuts nearly half its global staff
LOS ANGELES (AP) ― Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. The cuts, part of a two-stage layoff plan, better position the site for a possible sale or spin-off by parent News Corp.Mike Jones, the chief executive o
IndustryJan. 12, 2011
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Detroit auto show rebounding after recession
DETROIT (AP) ― The sunny yellow Ford C-Max minivan that greets visitors at this year’s Detroit auto show says it all. After taking a pounding during the recession, the U.S. auto industry is full of optimism, and a strong mix of new products will greet buyers as they return to dealerships.“Looking around at what’s at the show, we’ve never been happier,” said Mike Jackson, the CEO of AutoNation Inc.
IndustryJan. 12, 2011
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Korea’s sovereign debt cost declined in Dec.
The cost of issuing Korea’s sovereign debt declined in December as market jitters eased over geopolitical tensions prompted by North Korea’s latest provocations, data showed Wednesday.The spread on dollar-denominated currency stabilization bonds dropped to 90 basis points last month, down from 114 basis points reported in November, according to the data provided by the Finance Ministry.The decreas
Jan. 12, 2011
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Kia hits the spot as first choice of new Samsung executives
Kia Motors Corp.’s sedans proved once again to be the most popular among Samsung Group’s executives this year.Among the 318 newly appointed executives, 78.6 percent picked Kia’s K7 and Opirus as their company cars. They joined the executive ranks for the first time in the latest reshuffle on Dec. 8.The Opirus held sway with nearly half, with 155 choosing the model. It maintained its status as the
IndustryJan. 12, 2011
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3-D vision, smart devices sum up electronics show
CES dominated by new models of 3-D televisions, tablet PCs and upgraded smartphonesLAS VEGAS ― The world’s largest technology tradeshow bore witness to several major technology trends that can be summed up as: 3-D vision and “smart” devices.Top electronics firms showcased upgraded 3-D televisions that promised to become more comfortable living room features by becoming bigger, yet thinner, and mor
IndustryJan. 12, 2011
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LG targets double-digit growth in home appliance sector: exec
LG Electronics said Tuesday it would seek to consolidate its status as one of the world’s largest home appliance makers by 2014 by taking advantage of “smart” technology.The firm said in a statement it would target double-digit sales growth from its home appliance business this year and was aiming for sales of $20 billion from the sector in 2014.“This year will be the beginning of a new era of hom
IndustryJan. 11, 2011
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For U.S. minorities, new ‘digital divide’ seen
NEW YORK (AP) -- When the personal computer revolution began decades ago, Latinos and blacks were much less likely to use one of the marvelous new machines. Then, when the Internet began to change life as we know it, these groups had less access to the Web and slower online connections placing them on the wrong side of the ``digital divide.‘’Today, as mobile technology puts computers in our pocket
TechnologyJan. 11, 2011
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Apple shuns CES but accessories a hit
LAS VEGAS, Nevada (AFP) – Apple snubbed the big Consumer Electronics Show but vendors of accessories for its hot devices turned out in force.Dozens of manufacturers of covers, stands, headsets, speakers and other items for the iPad, iPod and iPhone crammed an “iLounge” on the Las Vegas Conventer Center floor dedicated solely to Apple accessories.Scott Sternick, owner of a sports bars in New York‘s
TechnologyJan. 11, 2011
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Intel to pay $1.5 billion to Nvidia
SAN FRANCISCO (AP) ― Intel Corp. is paying $1.5 billion to end a fight it started with Nvidia Corp. over a key computer technology.The legal battle centered Nvidia’s ability to make “chipsets” that are compatible with Intel’s latest processors ― a fight that has implications for many of the world’s computer users, since Intel and Nvidia’s chips are ubiquitous.Nvidia is a top maker of graphics chip
IndustryJan. 11, 2011
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Pressure on Portugal rises amid debt fears
Portuguese bond yields hit record highs as fear of spreading debt contagion risesLISBON (AP) ― Borrowing rates for Portugal briefly spiked after reports over the weekend that Germany and France are pushing it to accept outside help to keep the debt crisis in Europe from spreading.The yield on Portuguese 10-year bonds, a key gauge of investor sentiment, rose to 7.18 percent at one point on Monday,
Jan. 11, 2011
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GM Daewoo aims to export 1.8 million units this year
GM Daewoo Auto and Technology Co. aims to export more than 1.8 million vehicles and knockdown kits under the Chevrolet brand this year, its president Mike Arcamone said Monday.The Korean unit of GM will also launch eight new vehicles to Korea, instead of the originally planned seven, this year. Four of the eight models will be those in segments the company does not currently compete in, he added.H
IndustryJan. 11, 2011
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KEB union may strike to block Hana
The labor union of Korea Exchange Bank is bracing for an all-out struggle, including a general strike, to block Hana Financial Group from acquiring the lender, which they fear could lead to a massive restructuring, sources said Tuesday.U.S.-based Lone Star Funds plans to sell its controlling stake in the bank to Hana this year, which is opposed by a majority of the bank’s workers.“They had hoped t
Jan. 11, 2011
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Hyundai prioritizes quality, image
Top Korean carmaker confident of raising U.S. market share to 5 percentHyundai Motor Co. will focus on boosting quality and brand image as it steps up its challenge for global automobile leadership, vice chairman Chung Eui-sun said Monday. “Hyundai’s biggest challenge is to secure competitiveness in terms of quality in order to improve the brand image,” Chung said at the North American Internation
IndustryJan. 11, 2011
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More discount stores to operate gas stations
The government will ease regulations to allow more discount stores to operate gas stations, hoping greater competition will help curb fuel price inflation, the Ministry of Knowledge Economy said Monday.The government is also seeking to cut taxes on diesel while raising rates on liquefied petroleum gas to reduce their price gaps, the ministry and state-run Korea National Oil Corp. said. The benchma
Jan. 11, 2011
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Korea to intensify price monitoring
The government plans to step up its price monitoring of 22 food items and public services as part of its ongoing efforts to keep inflation under control ahead of the upcoming Lunar New Year holiday, the finance ministry said Tuesday.The government will also provide around 21 trillion won ($18.65 billion) worth of loans and guarantees for small and medium-sized companies in a bid to help support fi
Jan. 11, 2011
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Facebook eclipses Twitter in Korean Web traffic
After a year of fiery growth, micro-blogging site Twitter is seeing a sharp drop in traffic in Korea while social networking hotspot Facebook continues to grow, figures show. According to Internet market research firm KoreanClick on Monday, Twitter’s page views in the last week of 2010 fell to about 25 million from nearly 45 million three months ago. The number of unique visitors ― people who visi
IndustryJan. 11, 2011
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Producer inflation hits 2-year high in December
Korea’s annual producer inflation hit a two-year high in December, central bank data showed on Monday, adding to evidence of rising consumer inflationary pressure around the region.The producer price index in December rose 5.3 percent from a year earlier, the Bank of Korea said in a statement.It marked the fastest growth since December 2008, led by food and raw material prices.The data comes after
Jan. 10, 2011
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Korea to establish grain firms in America, Asia
Korea plans to set up grain procurement companies in major countries such as the United States and Brazil to directly bring in agricultural products as part of its long-term effort to fend off consumer price inflation.After initially establishing a grain company in North America, the government plans to make active inroads into the markets, which include South America and Central Asia, by 2020.Acc
Jan. 10, 2011
