Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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Seoulites celebrate coexistence at Wellness Seoul 2024
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[KH Explains] Can G-Star level up?
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[Lee Kyong-hee] Tone-deaf first lady causes chaos
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Demographic challenges undermine Korea’s growth potential
A debate is brewing here over how to cope with demographic challenges that threaten to further undermine the country’s growth potential already being sapped by declining exports and sluggish industrial activities. The number of people aged 15-64 in Korea is set to begin decreasing in 2017 after peaking at 37.04 million next year. The country’s working-age population is forecast to continue to drop to 32.89 million in 2030, 28.87 million in 2040 and 21.86 million in 2060, according to data from t
Nov. 29, 2015
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Hyundai’s ‘Going Home’ video reaches over 10m views on YouTube
Hyundai Motor Group announced Sunday that its “Going Home” campaign video, which was posted Friday, has already reached over 10 million views on YouTube.The video shows an elderly man who left what is now North Korea during the Korean War (1950-53) experiencing a virtual drive through his homeland via a digital restoration using 3-D video technology.The video, produced in separate Korean and English versions, saw positive reactions both domestically and abroad, as each reached over 5.4 million v
Nov. 29, 2015
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Korea Eximbank teams up with content agency for renewed hallyu boom
The Export-Import Bank of Korea signed a business agreement with the Korea Creative Content Agency on Friday regarding creating financial ecosystems for the content industry and supporting overseas expansion, bank officials said.Eximbank chairman and president Lee Duk-hoon and KOCCA president Song Sung-gak signed the business agreement at the state-run bank’s headquarters on bolstering financial support on content geared for overseas, as well as supporting businesses and sharing regarding conten
Nov. 29, 2015
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POSCO Energy wins preferred bid in Botswana power project
POSCO Energy has won the preferred bid to construct two plants in a Botswana power project, the company said Sunday.The 300-megawatt Morupule B Phase II Project was commissioned by the Botswana Ministry of Minerals, Energy and Water Resources through an international public tender. It is the first time for a South Korean energy company to enter the southern African market.POSCO Energy formed a consortium with Japan’s general trading company Marubeni and entered the $800 million bid, with each co
Nov. 29, 2015
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Debt exposure of marginal companies on the rise: report
South Korean marginal companies are finding it more difficult to cope with their debt as the economic slowdown makes it harder for them to meet interest payments and other financial obligations, a local think tank said Sunday.The corporate debt and restructure report released by the Korea Institute of Finance showed debt accrued by private sector companies hit 1,253 trillion won ($1.08 trillion) as of late June.This is equivalent to 82.8 percent of the country's nominal gross domestic product, u
Nov. 29, 2015
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Gimhae airport mulls additional expansion to meet rise in passenger traffic
Gimhae International Airport that serves South Korea's second-largest city and the neighboring South Gyeongsang Province is considering a second expansion to meet the spike in passenger traffic, the local airport authority said Sunday.According to Korea Airport Corp., which manages 14 air terminals around the country, Gimhae is currently moving to carry out a preliminary feasibility test for the additional expansion, even before the first phase of enlarging the airport is completed in January 20
Nov. 29, 2015
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Samsung's SSD global market share hits 41% in 2015: data
Samsung Electronics Co., one of the largest producers of computer chips, controlled more than 40 percent of the global solid state drive market this year, outpacing rivals like Intel Corp. and SanDisk Corp., industry data showed Sunday.According to market researchers IHS and DRAMeXchange, Samsung's market share hit a record 41 percent, 2.6 times larger than its closest rival Intel, which held 16 percent.The two companies were trailed by SanDisk Corp. with 10 percent control, while Micron Technol
Nov. 29, 2015
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Hyundai workers elect leader behind one of union’s worst strikes
Hyundai Motor Co. workers re-elected a labor leader who was in power almost a decade ago during one of the worst years of industrial strife at South Korea’s largest automaker, setting the stage for final wage talks next month.Park You-ki, 50, beat former deputy head Hong Sung Bong to become union president, according to the labor group. In his previous term leading the union in 2006 and 2007, Hyundai suffered its second-biggest annual production loss of 118,293 units from work stoppages, costing
Nov. 28, 2015
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[Weekender] Targeted digital advertising on demand
It’s not just content that matters in the advertising world. Thanks to ever-evolving information technology, media platforms have become an equally important part of advertising. Adknowledge, a U.S.-based company, found a business opportunity in IT. The company consults on and arranges the placement of advertisements based on its analysis of mostly users of social media ― Facebook, Twitter, Instagram and YouTube. The company has become an online sensation by placing Samsung mobile phone commerci
Nov. 27, 2015
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[Weekender] Advertisers think outside the box
More advertisement creators are trying to think outside the box to promote products and services.Several foreign advertisements in recent years found new and innovative ways to communicate by breaking social expectations and making clever use of their advertising media. Screenshot of Sky TV’s 40-second live ad for Champions League matches.(Sky)Here are three advertisements that turned heads and at the same time won critical acclaim for their quality and ingenuity. Geico’s “Unskippable” series be
Nov. 27, 2015
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[Weekender] Relatable, consoling campaigns tug at hearts of modern Koreans
For the last 25 years, a billboard inscribed with messages of hope, courage and love has been hanging on the Kyobo Life Insurance headquarters in southern Seoul.“Though simple, the words have consoled me during times of hardships and reminded me of life’s priorities during busy periods,” said 35-year-old Kim Yong-bae, who passes by the billboard on his way to work every day. The Kyobo Life Insurance billboard featuring a quote from an essay by American poet Mary Oliver is hung at the firm’s head
Nov. 27, 2015
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[Weekender] Ad industry microcosm of economic change
In South Korea, one of the top 10 advertising markets globally by expenditure, the ad industry has evolved in line with the country’s rapid economic growth and downturns throughout its nearly 130-year history. As a mirror of society, ads offer a glimpse of the times. One example is a television commercial for energy drink Bacchus, which recently won the top honor in the Korea Advertising Awards, selected based on consumers votes.Under the theme of “Living life as a father/undutiful child/boyfrie
Nov. 27, 2015
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[Weekender] Selling products, buying dreams
The 1998 film “The Truman Show” depicts how a person can live without noticing that his whole life has been one gargantuan billboard. Whether it is a carton of milk he drinks or something that he or his wife picks up from the floor, the everyday items in his life are exposed to tens of millions of viewers, attracting people’s attention and zeal to buy them. But the protagonist Truman Burbank does not realizethat he is a model in this 24-hour reality advertising show because his life as an adver
Nov. 27, 2015
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LG Display to invest 1.8 tln won in new facility
South Korean panel maker LG Display Co. said Friday it plans to invest 1.8 trillion won ($1.56 billion) in a facility to tap deeper into the organic light-emitting diode segment.Under the plan, the South Korean panel maker will build a new factory in Paju, north of Seoul, which will produce large OLED panels, including flexible models, the company said.LG Display said the new factory will be the size of 14 football fields and will be 100 meters tall. It is set to be completed in the first half o
Nov. 27, 2015
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How to join in U.S. Black Friday from Korea
Though there have been a string of big sales events taking place in South Korea recently, nothing can beat the scale of the annual U.S. Black Friday sales set to kick off at midnight in the U.S., or 2 p.m. Friday in Korea. On Black Friday -- falling the day after Thanksgiving, among the biggest U.S. holidays of the year -- retailers and store brands across the U.S. will offer bargain deals and large discounts, some reaching as high as 90 percent, on numerous product categories.The U.S. Black Fri
Nov. 26, 2015
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups
LinearHub is a collaboration solution startup established last June. Three months after its incorporation, the company was selected as a startup eligible for incubation support from the Gyeonggi Center for Creative Economy & Innovation, leading it to move its base of operations to the Center.Product screen shotThe collaboration solution product of LinearHub aims to provide video conferencing services for enterprises through web-based and mobile channels. Besides audio visual communications, it e
Nov. 26, 2015
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Lotte recalls 290,000 boxes of defective Pepero
Lotte Confectionery said Wednesday it is recalling 290,000 boxes of its White Cookie Pepero snacks worth 6.7 billion won ($5.84 million) manufactured between June and October, following continued customer complaints of a “bad odor” and an “odd taste.”Since Nov. 12, Lotte has taken back 140,000 boxes of the Pepero -- the brand’s longtime best seller -- variety under question, around 50,000 of which were already sold to consumers. The snack brand is granting refunds to those who bought the defecti
Nov. 26, 2015
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Seoul Character & Licensing Fair seeks to appeal to all ages
The 2015 Seoul Character & Licensing Fair will kick off next month, newly equipped with a “Kidult” zone for older character enthusiasts, as organizers seek to expand the event’s scope to attract not only children, but also adults and families. Co-organized by the Korea Creative Content Agency and Coex and sponsored by the Culture Ministry, the fair will take place from Dec. 16-20 across three exhibition halls inside Coex, showcasing some 798 booths operated by 292 participating character firms a
Nov. 26, 2015
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[Photo News] Mundipharma Korea wins 'best company' award
BEST COMPANY AWARD -- Mundipharma Korea was recognized as the best foreign company in the “career opportunity growth” category at the 2015 Best Companies Awards organized by JobPlanet and Fortune Korea. Mundipharma operates an uncapped incentive system based on quantitative and qualitative assessments of its employees and the so-called “best practice sharing” program, which encourages employees to share their success to boost motivation. The pharmaceutical company also supports employees who wan
Nov. 26, 2015
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Global beauty brands pick more Korean celebs
More and more global cosmetics companies are hiring Korean models dedicated to the Korean market, some of the finickiest customers in the world.From actresses to fashion models, these localized models do what foreign, mostly western, models cannot do -- represent women with darker skin shades, higher cheekbones, smaller eyes and noses and, most importantly, the pursuit for fairer skin tone. And the result is quite rewarding with higher sales as well as global recognition, especially in Asia, whe
Nov. 26, 2015