Most Popular
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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First snow to fall in Seoul on Wednesday
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S. Korea not to attend Sado mine memorial: foreign ministry
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Man convicted after binge eating to avoid military service
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Wealthy parents ditch Korean passports to get kids into international school
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
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All eyes on tense summit as euro crisis deepens
BRUSSELS (AFP) ― EU leaders debate “a big leap forward” to strengthen their union and save the euro at a two-day summit starting Thursday, but divisions may scuttle efforts to bring the currency back from the brink.European Union heads of state and government gather from 3:00 p.m. as the debt crisis, now in its third year, widened this week.Cyprus and Spain have joined the earlier victims of contagion ― Greece, Portugal and Ireland ― in requesting aid.With Italy, the eurozone’s third economy, al
June 28, 2012
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Google introduces $199 tablet
Company launches Nexus 7 tablet to challenge Kindle FireSAN FRANCISCO (AP) ―Google will sell a small tablet computer bearing its brand in a challenge to Amazon’s Kindle Fire.The Nexus 7 is designed specifically for Google Play, the online store that sells movies, music, books, apps and other content ― the things Amazon.com Inc. also sells for its tablet computer.Google’s announcement that it’s putting its brand on a tablet comes a week after Microsoft Corp. said the same thing. Both moves risk a
June 28, 2012
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Google unveils $199 tablet in bid to vie with Apple, Amazon
Google Inc., trying to match its success in smartphones, stepped up its challenge to Apple Inc. and Amazon.com Inc. in the $66.4 billion tablet market with the Nexus 7, a $199 device that sports a slim 7-inch screen.The tablet will feature the latest version of the Android operating system, called Jelly Bean, the company said at its Google I/O developers conference today in San Francisco. Google a
June 28, 2012
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Apple to sell music through iTunes in Hong Kong, Asian countries
Apple Inc. will start sales of music and movies through the iTunes store in Hong Kong, Singapore, Taiwan and nine other Asian markets as it expands in the region.Customers in Brunei, Cambodia, Laos, Macau, Malaysia, the Philippines, Thailand, Sri Lanka and Vietnam will also be able to buy music and rent movies through the iTunes store, Apple said in a statement posted on its website on Wednesday.
June 27, 2012
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China: Trade improving, slowdown stabilizing
China’s commerce ministry said that the nation’s trade growth is improving, adding to a rebound in lending in signaling that a slowdown in the world’s second- biggest economy may stabilize. China can achieve a 10 percent gain in exports and imports this year if the world economy doesn’t worsen further, spokesman Shen Danyang said at a briefing in Beijing Tuesday. Trade growth improved in June and had “sound momentum,” Shen said. Global trade confidence is so far weathering Europe’s sovereign-deb
June 26, 2012
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Greek president to attend EU summit as new P.M. recovers
ATHENS (AFP) ― Greek President Carolos Papoulias will attend a key EU summit this week as newly elected Prime Minister Antonis Samaras will be recovering from eye surgery after leaving hospital on Monday, officials said.The Greek delegation at the summit is expected to outline its plan to revise the terms of an austerity-centered EU-IMF bailout deal, even though chief paymaster Germany already signaled no decision is expected at the meeting.Samaras, 61, a former foreign minister who was only swo
June 26, 2012
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France needs up to $12.5 billion to cut deficit, minister says
PARIS (AFP) ― France must find up to 10 billion euros to cut its public deficit to 4.5 percent of gross domestic product, Finance Minister Pierre Moscovici said on Monday.Moscovici told iTele television that the new socialist government was looking for seven to 10 billion euros ($12.5 billion), and added: “We are somewhere in the middle I imagine, but I am waiting to see the official figures.”The numbers given were lower than the government’s previous estimate of about 10 billion euros and came
June 26, 2012
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Moody’s cuts ratings of 28 Spain banks
Moody’s Investor Service on Monday cut its credit ratings on 28 Spanish banks, saying the weakening financial condition of Spain’s government is making it more difficult for that country to support its lenders. The banks are also vulnerable to losses from Spain’s busted real estate bubble, Moody’s said. The announcement from Moody’s came on the same day that Spain’s government formally asked for help from its European neighbors in cleaning up its stricken banking sector. However the request left
June 26, 2012
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Spain and Cyprus request euro rescues
Cyprus becomes fifth eurozone state to seek bailoutMADRID (AFP) ― Spain formally requested Monday a banking rescue of up to 100 billion euros ($125 billion) and Cyprus also asked for a bailout, as a pivotal week for the eurozone’s future began. With EU leaders under mounting pressure to take steps to deepen integration to finally get to grips with the debt crisis at a two-day summit beginning on Thursday, Cyprus becomes the fifth out of the bloc’s 17 members to seek assistance.There was increasi
June 26, 2012
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Facebook names first woman to board
NEW YORK (AP) ― Facebook’s No. 2 executive, Sheryl Sandberg, has become the first woman on the social-networking company’s board of directors. Sandberg was lured from Google in 2008 to become Facebook’s chief operating officer. Besides being the first woman, she is the first executive other than founder and CEO Mark Zuckerberg on the board. People had called for the company to add women to its board ahead of its initial public offering of stock in mid-May. In announcing the move Monday, Facebook
June 26, 2012
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Greek finance minister quits days into job after illness
Greek Prime Minister Antonis Samaras consented to the resignation of his finance minister, Vassilios Rapanos, four days after naming him to the post.Rapanos, a former National Bank of Greece SA chairman, sent his letter of resignation while still hospitalized after collapsing on June 22. The resignation was accepted by Samaras, according to a phone-text message from the premier’s office in Athens
June 26, 2012
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Moody's cuts debt ratings of 28 Spanish banks
Moody's Investor Service is cutting its credit ratings on 28 Spanish banks, saying the weakening financial condition of Spain's government is making it more difficult for that country to support its lenders.Moody's also said the banks are vulnerable to losses from Spain's busted real estate bubble.The announcement from Moody's came on the same day that Spain's government formally asked for help fr
June 26, 2012
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Sony, Panasonic tying up in advanced TV displays
TOKYO (AP) -- Long-time Japanese rivals Sony Corp. and Panasonic Corp. are working together to develop next-generation TV panels called OLEDs in a reversal of decades of rivalry as they try to catch up with South Korea's Samsung Electronics.The companies said in a joint statement Monday they will share core technologies to develop OLED, or organic light-emitting diode, panels. They are aiming for
June 25, 2012
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RIM considers split, sale of handset unit
Research In Motion Ltd. is considering selling its handset-manufacturing unit or a stake in the whole company, the Sunday Times newspaper reported, without saying where it got the information. The BlackBerry maker, which hired JPMorgan Chase & Co. and RBC Capital Markets to help evaluate its options, may divest the handset division or break it off into a separate listed company, the paper said. Another option would be selling a stake in Waterloo, Ontario-based RIM to a larger technology firm, su
June 25, 2012
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Toyota to expand eco-friendly tie-up with BMW: report
TOKYO (AFP) ― Toyota Motor is expanding a tie-up with Germany’s BMW on hybrid and fuel-cell vehicle technology as the global automakers push further into the “green” market, a report said on Monday.The two firms’ top executives will announce in Germany this week that they are boosting a previously announced agreement involving joint research on next-generation lithium ion batteries, the Nikkei business daily said.The initial tie-up involved technology for electric cars and the broadened deal wil
June 25, 2012
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China, Argentina hail diplomatic ties
BUENOS AIRES (AFP) ― Argentine President Cristina Kirchner and Chinese Premier Wen Jiabao hailed 40 years of strong diplomatic ties between their two countries.At a ceremony in a museum opposite the presidential Casa Rosada mansion, Wen on Sunday called the four-decade mark an “important milestone” and praised the “deepening friendship and trust” between Buenos Aires and Beijing.Trade between the two states totalled $14.8 billion in 2011. The Asian powerhouse is Argentina’s biggest taker of agri
June 25, 2012
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BIS says banks need ‘push’ to avoid prolonging crisis
Banks will need a “healthy push” by governments to fix balance sheets, abandon risky businesses and serve the public to avoid prolonging the financial crisis, the Bank for International Settlements said. Lenders, almost four years after the collapse of Lehman Brothers Holdings Inc., still hold overvalued assets and are postponing necessary recapitalizations while relying on official funding, especially in Europe, the BIS said in its annual report released Sunday. Banks are also returning to risk
June 25, 2012
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‘Germany must underwrite debts’
LONDON (AP) ― Former British Prime Minister Tony Blair said that the euro will only survive if Germany underwrites the debts of the eurozone’s financially struggling members. He told BBC television that safeguarding the euro would need Berlin to “treat the debts of one as the debts of all,” and debt-wracked nations to carry out reforms which would help restore Europe to competitiveness. “The only thing that will save the single currency now is in a sense a sort of grand plan in which Germany is
June 25, 2012
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GM recalls 475,000 cars over engine fire risk
CHICAGO (AFP) ― General Motors will recall more than 475,000 Chevrolet Cruzes in the United States, Canada and Israel to fix a defect that could lead to engine fires, the automaker said Friday. “The most important thing for our customers to know is that we are proactively working to assure the Cruze is the safe and durable car they purchased,” Alicia Boler-Davis, GM’s vice president of global quality, said in a press release.“We are sorry for any inconvenience caused by these actions.”GM will al
June 24, 2012
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Internet agency picks little-known executive as CEO
NEW YORK (AP) ― A businessman with experience in building consensus will be the next CEO of the Internet agency in charge of contentious policies surrounding Internet addresses. The Internet Corporation for Assigned Names and Numbers, which is pushing through a major change in the way Web and e-mail addresses are structured and assigned, announced Fadi Chehade’s appointment Friday. He will replace former U.S. cybersecurity chief Rod Beckstrom as chief executive. In selecting Chehade, ICANN went
June 24, 2012
