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Foreign institutions cut S. Korea's growth outlook

Foreign institutions and investment banks lowered their 2015 forecasts for South Korea's economic growth, data showed Monday, as domestic demand remains sluggish and tepid global recovery plus a weakening yen signaled hurdles for exports.The average outlook for the country's gross domestic...

Updated : 2014.12.22 12:53

Hacker posts more S. Korean reactor info on Internet

A hacker who obtained blueprints of South Korean nuclear reactors Sunday posted more internal information on the facilities, including the floor maps, on the Internet, threatening further "leaks" unless authorities close down the reactors.Using an account named "president of anti-nuclear r...

Updated : 2014.12.21 22:27

[Graphic News] Korea tops per capita ramen consumption

The average person in Korea consumes more instant ramen noodles than any other place in the world, a recent report showed.Each resident eats about 74.1 servings of ramen per year, the Ministry of Agri...

Updated : 2014.12.21 21:05

Presidential jet to be fitted with antimissile gear

South Korea’s presidential jet will be fitted with antimissile gear by 2016 under a new project expected to cost more than 30 billion won ($27 million), government and military officials said Sunday.Under a renewed contract with the nation’s flagship carrier, Korean Air Lines Co., a Boei...

Updated : 2014.12.21 21:03

Korea sets W30b aside for hybrid subsidies

The Ministry of Environment on Sunday unveiled a list of hybrid vehicles for which it will provide a state subsidy of 1 million won ($900) per unit starting on Jan. 1, 2015.“They are five models of three auto brands ― Hyundai Motor, Toyota Motor and Ford Motor,” the ministry said. It ha...

Updated : 2014.12.21 21:03

S. Korea bans poultry imports from U.S. on AI

South Korea said Sunday it has banned imports of all poultry products, including live birds, from the United States following an outbreak of a highly pathogenic strain of avian influenza (AI) at one of its chicken farms.The ban, effective as of Saturday, affects inbound shipments of any li...

Updated : 2014.12.21 14:49

Hacker posts more S. Korean reactor info on Internet

A hacker who obtained blueprints of South Korean nuclear reactors Sunday posted more internal information on the facilities, including the floor maps, on the Internet, threatening further "leaks" unless authorities close down the reactors.Using an account named "president of anti-nuclear r...

Updated : 2014.12.21 10:45

[Weekender] Cable content makers diversify export targets

South Korea’s cable TV program providers are seeking to diversify the export destinations for their content from Asia to Europe and North America.According to the Korea Cable Television and Telecommu...

Updated : 2014.12.19 21:54

[Weekender] Concerns persist over content fairness

Three years after the four general programming cable channels were launched, concerns remain over the fairness and objectivity of their broadcasting content.With a large proportion of their broadcasti...

Updated : 2014.12.19 21:46

Chung probe shifts focus to motive

The investigators probing the Cheong Wa Dae document leak are concentrating on determining police Superintendent Park Gwan-cheon’s motives as they wrap up their weekslong probe. The case kicked off late last month following a news report that claimed President Park Geun-hye’s former aide...

Updated : 2014.12.19 21:42

S. Korea's public sector debt hits 898.7 tln won, equal to 62.9 pct of GDP

South Korea's public sector debt rose to 898.7 trillion won (US$815.9 billion), equivalent to 62.9 percent of the country's gross domestic product, in 2013, the government said Friday.  According to the finance ministry, the country's public sector debt, or D3, that takes into account bo...

Updated : 2014.12.19 15:12

Reactions mixed to death knell of pro-N. Korea party

Hundreds of demonstrators gathered Friday in front of the Constitutional Court in Seoul, expressing mixed reactions to the court's historic decision to outlaw a small leftist opposition party.   In the 8-1 ruling, the court accepted the conservative Park Geun-hye administration's reques...

Updated : 2014.12.19 15:09

S. Korea reports four more cases of foot-and-mouth disease

South Korea confirmed four more cases of foot-and-mouth disease (FMD) Friday, further indicating the animal disease may be spreading widely.   The four additional cases brought to 13 the total number of FMD cases confirmed since the first reported outbreak at a pig farm in Jincheon, Nor...

Updated : 2014.12.19 14:02

Seoul hails adoption of U.N. resolution on NK human rights

South Korea's foreign ministry welcomed on Friday the passage of a United Nations resolution on North Korea's dismal human rights conditions at the world body's plenary session, calling for the North to take concrete action to improve its situation.   The U.N. General Assembly passed th...

Updated : 2014.12.19 09:30

Koreans take more time off, women contribute more to household income

South Koreans are enjoying more leisure time away from jobs as 40-hour work weeks take root, with women contributing more to household earnings than ever before, nationwide data showed Thursday.According to the 2014 Korean Social Trend report by Statistics Korea, an average employee put in...

Updated : 2014.12.18 21:17