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Business
Kia Motors’ Rio wins major design award
Kia Motors has won the International Design Excellence Awards (IDEA), one of the world’s three biggest design awards. Sold under the different name of the Rio overseas, the automaker’s popular compact car Pride won a bronze in the transportation category at the 2012 IDEA organized by the Industrial Design Society…
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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…
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Capitalism or feudalism?
Time to ponder how to rectify chaebol system The Fair Trade Commission released a chart Monday, which illustrates the shareholding structure of 63 family-controlled conglomerates and their subsidiaries. The diagram, which appears even more complicated than the Seoul subway map, drew attention to two things: how these families dominate huge…
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Central Asia
Major news in Kazakhstan on July 3 : Kazakhstan people have got about four hours of leisure time daily
Major news in <Tengri news> : Kazakhstan people have got about four hours of leisure time daily The Statistics Agency of Kazakhstan has conducted a research named Time budget implementation by population of Kazakhstan, Tengrinews.kz reports, citing the press-service of the Agency. The Agency has found out that Kazakhstan citizens…
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Society
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…
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South East Asia
IHH Healthcare Goes Public
IHH Healthcare Chairman Abu Bakar Suleiman delivers his opening remarks during the launch of its initial public offering prospectus in in Kuala Lumpur, Tuesday, July 3, 2012. IHH Healthcare, Asia’s top hospital operator, said Tuesday it plans to raise 6.4 billion ringgit ($2 billion) from an initial public offering in…
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West Asia
Syrians Stage Protest Chanting Slogans
This citizen journalism image provided by Kafarsouseh Revolt, taken on Sunday, July 1, 2012 purports to show Syrians chanting slogans during a demonstration in Kafar Souseh, Damascus, Syria. The head of the Arab League called Monday for the fragmented Syrian opposition to unite and said a U.N.-brokered plan for a…
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Business
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…
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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…
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East Asia
Water Sprayer Turned To Keep People Cool In China
Passengers queue under spraying equipment at the Lingyin bus station in Hangzhou, capital of east China’s Zhejiang Province, July 2, 2012. The spraying equipment of the station was turned on to create a comfortable waiting condition for passengers in hot weather. <Xinhua/Wu Huang> news@theasian.asia
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