NTS rejects Lone Star’s refund demand
Tax authorities rejected Tuesday the demand by Lone Star Funds that they return 391.5 billion won (about $342 million) in capital gain taxes the U.S. buyout firm paid on earnings from its sale of the Korea Exchange Bank (KEB) earlier this year. The decision, which was widely expected, means the dispute will enter the long […]
UNESCO adds 26 new sites on World Heritage List
PARIS, July 2 (Xinhua) — A total of 26 new sites have been inscribed on the UNESCO’s World Heritage List this year, with Russia’s Lena Pillars Nature Park being the last to join in on Monday, the Paris-based UNESCO said in a statement. The inscriptions were approved during the 36th session of the UNESCO World […]
Samsung feared to face sales ban on Galaxy S3
SEOUL, July 3 (Xinhua) — Samsung Electronics, the world’s largest handset maker, was feared to face sales ban on its flagship Galaxy S3 smartphone in the United States following the ruling that blocked sales of the Galaxy Nexus model, market watchers here said Tuesday. On Apple’s request, the U.S. District Court of California issued a […]
Iran begins missile firing tests
Iran’s Islamic Revolution Guards Corps (IRGC) began on Monday a missile exercise codenamed Great Prophet 7, Press TV reported. The three-day drill will test Iran’s newest surface-to-surface missile systems in the central Iranian province of Semnan. An assortment of long, medium and short-range missiles will target “aggressor airbases” in the Semnan desert, Brigadier General Amir-Ali […]
Foreigners face tougher criminal, health checks
The government will tighten entry rules for foreign workers as part of its efforts to keep out immigrants with criminal records or infectious diseases The Korea Immigration Service (KIS) said Monday that it will require low-skilled foreign workers, sailors and short-term employees to submit criminal and health background checks from Aug 1. The KIS currently […]
3 plastic surgeons fined for false claims about K-pop stars
Three plastic surgeons and their marketing agent were fined Monday for respectively approving and creating false advertising that claimed a member of a girl band had undergone facial cosmetic surgery. Seoul Central District Court ordered the four to pay a combined total of 20 million won ($17,500) to Kim Jae-kyung, 23, leader of K-pop group […]
Mobile messenger war in full swing
Following the new trend of the popularity of smartphones, content providers are stepping up efforts to strengthen their mobile contents, especially in messenger services. The three most popular mobile messengers in Korea ― Kakao Talk, Line and My People ― are quickly evolving to provide more diverse services due to their potential as a new […]
Syrian opposition members asked to unite by Turkey, Arab League
Turkish Foreign Minister Ahmet Davutoğlu and Arab League Secretary-General Nabil Elaraby have called on the fragmented Syrian opposition to unite, during a meeting in Cairo on Monday to discuss a new international plan for a transitional government. Davutoğlu and Elaraby addressed nearly 250 members of the Syrian opposition at the meeting in an effort to […]
Stem cells may cure liver failure
Pharmicell submits commercialization plan on new therapy A way to revive failed livers through stem cells could be available within the next few years as clinical tests of a new treatment regimen are underway. Pharmicell, a Korean pharmaceutical company developing stem cell therapeutics, said Monday that it has submitted a plan for the commercialization of […]
Rebellion against lame duck
Did foreign minister endorse staff’s criticism of Cheong Wa Dae’s Japan pact handling? President Lee Myung-bak tried to patch up a rift exposed over the handling of a military pact with Japan, admitting to a “procedural” flaw Monday. This came a day after a senior foreign ministry official blamed Cheong Wa Dae, in what could […]
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