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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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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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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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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Healthy eyes in the spring
Each year, we are affected by yellow dust, particularly from the end of March to April. Yellow dust mixes with air pollutants that can adversely affect the respiratory tracts and the eyes. What is yellow dust?Yellow dust refers to dust from the Gobi and Taklamakan deserts, other deserts in China and Mongolia, and the upper regions of the Yellow River of China. This dust travels on upper air currents to reach Korea on western winds.The particles range from 10 micrometers, the size of silt, to 100
March 20, 2014
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Samsung sets prices for wearable gadgets
Samsung Electronics announced that its latest smart watch and fitness tracker Samsung Gear 2 and Gear Fit will be priced at $295 and $197, respectively.The price information came from Taiwan Wednesday, where the Korean smartphone maker first introduced the wearable devices.Samsung officials here in Korea also confirmed the reports on the latest development.The price for the Samsung Gear 2 is a little lower than the initial price for the Galaxy Gear, which came with a $300 price tag. The release
March 20, 2014
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LG CNS to set up smart transport JV in Greece
LG CNS, a leading Korean IT services provider, will move to set up a joint venture or special purpose company with its strategic and financial partners for Greece’s automated public transportation payment system by September this year, the company said Wednesday.This comes after a consortium, consisting of LG CNS and Greek partners, won a bid to develop and operate the system that would be equivalent to Korea’s automated fare collection system for public transport, including the subway and buses
March 19, 2014
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LG set to compete with Samsung on smart watches
LG Electronics said Wednesday that it was developing a smart watch with Google with the aim of introducing it to the global market in the second quarter of this year.The company is in talks with the search giant regarding features of the LG G Watch, using Google’s Android Wear operating platform. The product would directly compete with Samsung Electronics’ Tizen OS-based wearables.“We are also in discussions with Google about exactly when to release the LG G Watch,” said an LG Electronics spokes
March 19, 2014
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Fast-growing Chinese IT firms increase clout in global market
Rapidly growing Chinese IT firms are aggressively expanding their presence in the global market and are posing a challenge to IT giants such as Google and Facebook. Since its initial public offering in 2004, Tencent, a Chinese Web-portal operator, saw its market value increase more than 100-fold to $138 billion during the past 10 years. Tencent, which also runs the mobile messenger WeChat, has been flexing its muscles in the mobile messenger market, as it has a 14 percent stake in Kakao Corp. Ka
March 19, 2014
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LG to roll out smartwatch in Q2
South Korea's No. 2 tech giant LG Electronics Inc. said Wednesday it plans to release its first smartwatch in the second quarter of this year, jumping into another battle with Samsung Electronics Co. in the wearable market.Jointly developed with U.S. Internet giant Google Inc., the LG G Watch is powered by Android Wear, an operating system optimized for wearable devices, and will be connected to all Android smartphones, the company said.LG said its "OK Google" feature will allow users to find in
March 19, 2014
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Lockheed wins $9 million deal on Korea's spy jet system
The U.S. Air Force has awarded Lockheed Martin a $9-million contract for the maintenance of South Korea's reconnaissance aircraft system, the Maryland-based defense firm said Tuesda.Under the foreign military sales deal, Lockheed will provide South Korea with upgraded services to sustain the Peace Krypton system, it said.The system is tasked with collecting reconnaissance imagery of selected areas, using militarized business jets and ground stations that process data from the aircraft. "Raising
March 19, 2014
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S. Korea, U.S. extend nuclear accord
The United States on Tuesday announced the two-year extension of its 40-year-old accord with South Korea on civilian nuclear cooperation.The widely anticipated announcement also heralds the start of another round of tough negotiations on Seoul's pursuit of advance consent for uranium enrichment and spent fuel reprocessing.The State Department said the allies concluded an agreement extending the duration of the existing bilateral agreement on a peaceful nuclear partnership until March 19, 2016. I
March 19, 2014
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USIM-embedded Samsung Gear 2 to be released
Samsung Electronics and SK Telecom are said to be in discussions to release a new standalone variant of the Samsung Gear 2, which will allow users to make calls without connecting to a smartphone. Samsung is planning to release the new smart watch equipped with a universal subscriber identity module, or USIM, through SK Telecom, Korea’s biggest telecommunications vendor, according to those close to the matter. One SK Telecom source said the new model would only be available in Korea for a while,
March 18, 2014
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ICT Ministry faces audit for alleged favors to Google
South Korea’s state-run auditor has launched a probe into the ICT Ministry on suspicions that it ignored regulations in allowing U.S. Internet giant Google Inc. to operate a mobile payment business here, industry sources said Tuesday.The Ministry of Science, ICT and Future Planning authorized Google Payment Korea Ltd. in June 2011. While South Korean telecom law requires mobile transaction service providers to have at least five staff members with more than two years of related job experience an
March 18, 2014
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Korean consumers dumping TV sets for smartphones, tablets
More South Koreans are switching to smartphones and tablet PCs for their television viewing, with most having just one TV set at home, latest data showed Tuesday.The findings by the Korea Information Society Development Institute showed that 76.6 percent of South Korean households had one TV set at home last year, up from 70.9 percent and 69.7 percent in 2012 and 2011, respectively.The survey was conducted on approximately 5,000 households nationwide in 17 major cities, with researchers making d
March 18, 2014
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LG zeroes in on energy solutions for new growth
LG Group is using all of its key subsidiaries’ technical resources to gain an edge in solar power in an effort to secure a new growth business, the group said. Korea’s fourth-largest conglomerate has mobilized its flagship companies including LG Electronics, LG Chem and LG Uplus for the development of efficient solar power modules and solutions.This move is similar to when the group, spearheaded by chairman Koo Bon-moo, aggressively started pooling resources from its key companies and suppliers
March 18, 2014
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ICT ministry under audit for alleged business favors to Google: sources
South Korea's state-run auditor has launched a probe into the ICT ministry on suspicions that it ignored regulations in allowing U.S. Internet giant Google Inc. to operate a mobile payment business here, industry sources said Tuesday.The Ministry of Science, ICT and Future Planning authorized Google Payment Korea Ltd. in June 2011. While South Korean telecom law requires mobile transaction service providers to have at least five staff members with more than two years of related job experience an
March 18, 2014
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Samsung, LG compete for bigger slice of China UHD market
South Korea’s top two tech giants said Monday they will make full-fledged efforts to tap deeper into the Chinese market for Ultra HD TVs with customized product lineups for consumers there.Samsung Electronics Co. said it plans to expand its foothold in China on the back of its 40-, 48- and 55-inch flat UHD TVs, considered the most favored sizes by Chinese users.Around 36 UHD models will be released in the Chinese market, including the curved models that the company claims match the natural curva
March 17, 2014
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Watchdog considers fines against KT for data leak
South Korea’s telecom authorities may fine KT Corp. up to 100 million won ($93,559) for a recent data leak, industry sources said Monday, a punishment some consumer groups argue is too weak.An investigation found that a group of hackers was behind the data theft from KT, exposing personal information of some 9.81 million clients of the country’s second-largest mobile carrier.A team of government officials and online security specialists have been looking into the case after the Incheon Metropoli
March 17, 2014
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Gov't mulls fines on KT for data leak, consumers say punishment too weak
South Korea's telecom authorities may fine KT Corp. up to 100 million won ($93,414) for a recent data leak, industry sources said Monday, a punishment some consumer groups argue is too weak.An investigation found that a group of hackers was behind the data theft from KT, exposing personal information of some 9.81 million clients of the country's second-largest mobile carrier.A team of government officials and online security specialists have been looking into the case after the Incheon Metropoli
March 17, 2014
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Scientists confirm discovery of meteorites in Jinju
INCHEON (Yonhap) ― Culture preservation officials said Sunday they will be discussing measures to prevent recently discovered meteorites from being taken out of the country and make them the first set of space rocks to be owned by South Korea. The Korea Polar Research Institute (KOPRI) confirmed that the two rocks found last week in Jinju, 434 kilometers south of Seoul, as “ordinary chondrite” of high iron composition. Given the proximity of where they were found and the similarity in their comp
March 16, 2014
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Samsung executives paid far less than Apple counterparts
Top executives of Samsung Electronics, the world’s largest handset maker, are paid less than their counterparts at Apple, according to financial reports from each firm. Holding an annual general meeting of shareholders at its headquarters in Seoul on Friday, the Korean electronics giants said it paid a combined 33.9 billion won ($31.6 million) in salary to its top executives in 2013.When excluding the 300 million won handed out to Samsung’s five outside directors in 2013, the four top executives
March 14, 2014
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Samsung, LG look to premium lineups to overcome slump
South Korea’s two tech giants pledged Friday to ramp up efforts to expand sales this year through their premium product lineups, each pledging to overcome economic challenges from home and abroad.“Despite Samsung facing external challenges such as monetary uncertainties in the eurozone, the company posted an all-time high net profit and sales last year,” Samsung vice chairman Kwon Oh-hyun told shareholders.Kwon said economic uncertainties sparked by the tapering of U.S. quantitative easing is li
March 14, 2014
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Synthetic biology holds key to future
A plume of smoke, a parade of workers in boiler suits and a giant complex is what comes to mind when most people think of a refinery.But at a biorefinery, this image is replaced by white coats, petri dishes and clean labs, with tiny microbes doing the work of a refinery ― using replaceable biomasses to produce fuel, hard materials and other things useful for humans.Lee Sang-yup, a distinguished professor of chemical and biomolecular engineering at KAIST, said that biorefining ― manipulating the
March 14, 2014