Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Number of stock accounts plunges on bear market
The number of active accounts for stock trading in South Korea declined in March from a month earlier amid a prolonged bear market stemming from rising economic and political uncertainties, data showed Friday.South Korean investors held 18.9 million active stock accounts as of end-March, down 3.9 percent from 19.7 million accounts tallied in end-February, according to the data compiled by the Korea Financial Investment Association.The number fell below the 19 million mark for the first time in 1
April 5, 2013
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Seoul fails in Turkey nuclear plant bid
South Korea may have failed to grab Turkey’s nuclear power plant project, which could instead go to China or Japan, a government official said Friday.The official from the Ministry of Trade, Industry and Energy said the country was still waiting for an official report from Ankara, but noted the country’s bid may have already proven unsuccessful.“From what we have heard directly (from Turkey) and from remarks of Turkey’s energy minister in recent interviews, it appears Turkey is now considering b
April 5, 2013
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KDB Financial union opposes new CEO pick
Unionized workers at KDB Financial Group Co. on Friday expressed strong opposition to the appointment of a presidential aide as its chief, saying he has been tapped thanks to his political connections.The Financial Services Commission, the country’s top financial regulator, on Thursday picked Hong Ki-taek, an economics professor and an aide to President Park Geun-hye, to head the state-run banking giant. The KDB Financial chief is appointed by the president on the recommendation of the FSC chair
April 5, 2013
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Korean economy to grow 2.8% this year: analysts
South Korea’s economic growth rate for this year is expected to beat the government’s estimate on the back of its economic stimulus measures including an extra budget, analysts said Friday.Ten major securities firms’ average economic growth outlook for 2013 came in at 2.8 percent, 0.5 percentage point higher than the 2.3 percent projected by the government last month, according to the analysts polled by Yonhap News Agency.Woori Investment & Securities Co. and Hyundai Securities Co. expected the
April 5, 2013
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German court invalidates Apple’s ‘slide to unlock’ patent
A German court has invalidated Apple’s patents related to its “slide-to-unlock” user interface.The German Federal Patent Court said Thursday that it found all claims of Apple’s “slide-to-unlock” interface property invalid.Apple Insider, an Internet IT news provider in U.S., said “the German court noted that Apple’s patent claim for a swiping gesture, the only new enhancement to prior art, doesn’t meet certain requirements of European patent law.“This so-called inventive step, which is needed to
TechnologyApril 5, 2013
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KORAIL moves to wash hands of Yongsan project
The state-run rail operator KORAIL announced on Friday that it will wash its hands of the troubled Yongsan development project as its normalization proposal failed to gain approval from the board of Dream Hub PFV. Dream Hub is a special purpose company, set up in 2007, for decision-making on the Yongsan project, the nation’s single largest development plan to build an international business district in central Seoul. It is composed of 30 shareholders, including KORAIL, the biggest shareholder wi
IndustryApril 5, 2013
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Finance Ministry vows swift action against North Korea tension risks
The South Korean government said Friday that it is ready to take swift countermeasures to stabilize financial markets against feasible risks from North Korean military threats.“It is necessary to be more cautious about effects on the economy and financial markets, as North Korea is raising the level of threats of military provocations,” Vice Finance Minister Choo Kyung-ho said during a meeting of economic policymakers and regulators in Seoul on Friday.Stressing that stocks and foreign exchange r
April 5, 2013
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CEO educator Junn donates 100m won
Institute of Global Management chairman Junn Sung-chull joined the “Honor Society” club after promising to donate 100 million won, the Community Chest of Korea said Friday. The lawyer-turn-CEO educator became the 270th member of the club, whose membership is offered those who donate more than 100 million won ($90,000). Junn hoped that his donation would be spent to help educate children from low-income families. CCK, a leading nationwide charity network, has run the Honor Society club since 2007
April 5, 2013
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Big bags pose health threat
Most people do not realize it, but carrying a heavy bag may cause various health concerns. Wandering around the streets full of youth, many trendy men and women carrying stylish tote bags or backpacks in vogue can be seen . Most youngsters nowadays prefer big-sized bags as they have ample space to put things in and are fashionable at the same time. However, recklessly stuffing too many items into a bag and carrying it around for a long time can induce serious muscle pain and straight neck syndr
TechnologyApril 5, 2013
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Seoul shares down 1.64 pct on N. Korean risks
South Korean stocks slumped 1.64 percent on Friday as foreigners beefed up their net selling amid lingering North Korea risks, analysts said Friday. The local currency sank against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 32.22 points to 1,927.23, extending its losing streak to a fifth straight session. Trading volume was moderate at 364.3 million shares worth 4.8 trillion won ($4.2 billion), with decliners far outnumbering gainers 639 to 171. "On top
April 5, 2013
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Samsung’s Q1 operating profit jumps 52.9%
Samsung Electronics’ first-quarter operating profit surged 52.9 percent from a year ago to 8.7 trillion won thanks to its strong IT and mobile business performance.Preliminary estimates showed that the tech giant’s sales in the first three months of this year climbed 14.9 percent on-year to 52 trillion won, Samsung said in a regulatory filing on Friday.Samsung did not disclose its earnings by business divisions, but analysts assume that two thirds of the company’s operating profit came from its
IndustryApril 5, 2013
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Seoul shares open lower on political risks
South Korean stocks opened lower on Friday as investors sat on the sidelines due to the rising tensions with North Korea, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 8.11 points, or 0.41 percent, to 1,951.34 in the first 15 minutes of trading.Shares lost ground across the board, with No. 1 carmaker Hyundai Motor losing 1.93 percent and leading chipmaker SK hynix losing 0.86 percent. Top steelmaker POSCO shed 0.78 percent.North Korea threatened Thursday to pul
April 5, 2013
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Reactor at Gori power plant halts operation
A nuclear reactor on South Korea's southeast coast was shut down Thursday afternoon, but the cause was not immediately known, plant operators said.No immediate threats of a radiation leak were detected, according to the Korea Hydro and Nuclear Power Co.The Gori Nuclear Power Plant, about 450 kilometers southeast of Seoul, halted operation at around 4:34 p.m., only hours after it resumed operation following a two-month maintenance that ended Wednesday.An investigation was underway to identify the
IndustryApril 4, 2013
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Top 30 conglomerates to invest W149tr this year
Korea’s top 30 conglomerates pledged to increase investment in their respective sectors such as electronics, automobiles and displays by 7 percent to 149 trillion won ($132 billion) this year, the Ministry of Trade, Industry and Energy said in a meeting with corporate executives on Thursday.They also plan to increase hiring of new employees by 1.5 percent to some 128,000 in 2013, of which some 47,000 high school graduates will be recruited.“We are happy to hear of the investment and employment p
IndustryApril 4, 2013
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[Graphic News] Korea ranked No. 3 originator of spam emails
Korea was ranked the world’s No. 3 source of spam email in February, data showed.According to a report released by Russian firm Kaspersky Lab, Korean sources sent 13.7 percent of spam emails worldwide last month, following the U.S. and China, recording 16.9 percent and 14.4 percent, respectively.Spam emails are among the most frequently used methods to spread malicious codes for cyber attackers.Korea was ranked No. 10 last November. However, it rose as one of the most leading sources of spam wor
IndustryApril 4, 2013
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SKT tops average annual salary: data
Mobile telecommunication operator SK Telecom had the highest average annual paycheck for employees among major Korean companies last year, according to data from the Financial Supervisory Service on Thursday. The data showed that SK Telecom’s average per-capita salary of its more than 4,000 employees was about 98.8 million won ($88,000). The country’s largest automaker Hyundai Motor Co. and foreign exchange specialist Korea Exchange Bank were listed at No. 2 and No. 3, with the average annual sa
IndustryApril 4, 2013
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Scientists race to gauge risk of new bird flu pandemic
LONDON (Reuters) ― Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that might make it more likely to cause a human pandemic, scientists say.But there is no evidence so far that the H7N9 flu ― now known to have infected nine people in China, killing three ― is spreading from person to person, and there is still a chance it might peter out and never fully mutate into a human form of flu.Just days after authorities
TechnologyApril 4, 2013
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Scientists find antibody road map to AIDS vaccine
PARIS (AFP) ― Scientists on a quest for an antibody-based AIDS vaccine said Wednesday they found promising clues in the uncommonly “robust” natural immune response of a patient in Africa. Studying blood samples over a three-year period after the person was infected, researchers were witness to a microscopic battle between the virus and antibodies ― both evolving as they sought to gain the upper hand.For the first time, scientists were able to follow the full chain of events leading to the patien
TechnologyApril 4, 2013
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Block UV rays to slow skin aging
With the increased interest in our looks, many people are focusing on preventing skin aging. Skin aging can be caused by external factors due to the environment, and internal ones due to the decline in our body function with age. The most important external factor is ultraviolet light. Many people even without specialized medical knowledge know that ultraviolet light can cause pigmentation of the skin, but more importantly, ultraviolet light also produces skin wrinkles as well as skin cancer.Sun
TechnologyApril 4, 2013
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Samsung launches cancer center
Samsung Medical Center, one of the top hospitals in Korea, has expanded its cancer center to offer customized services to patients with world-class medical techniques and equipment. The newly launched Comprehensive Cancer Center aims to offer surgeries to patients diagnosed with cancers within a week of diagnosis through an integrated service system. “We will promote Samsung Comprehensive Cancer Center as one of the world’s top five hospitals for cancer care and research,” said SMC head Song Jae
TechnologyApril 4, 2013