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Samsung, LG lose secret panel knowhow
Key display panel production technology of Samsung and LG has been leaked overseas through a subcontractor, presumably to a Chinese display giant. The Seoul Central District Prosecutors’ Office arrested and indicted three Korean workers at the Korean branch of Orbotech, an Israel-based company supplying display testing equipment, Wednesday, on charges…
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Society
‘Comfort women’ to sue Japan’s ultra-right activist
The last-remaining “comfort women,” who were forced to serve as sex slaves under Japanese colonial rule (1910-1945), plan to take legal action against Japanese right-wing activist Nobuyuki Suzuki. Suzuki last week provoked public anger here by tying a wooden stake to the statue of a young comfort woman erected in…
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Society
Asian nations seek to boost cooperation in legislation
Over 1,500 delegates, including justice ministers and legal experts from 20 Asian countries kicked off a three-day forum in Korea on Wednesday to strengthen cooperation in legislation. The Ministry of Government Legislation is hosting the Asian Forum of Legislative Information Affairs at KINTEX in Goyang, Gyeonggi Province. The event is…
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Society
Is Kim Jong-nam mending ties with NK?
Speculation swirled Wednesday over the role of Kim Jong-nam, the eldest son of late North Korean leader Kim Jong-il, following a report that he visited the Stalinist country last month. Citing a source, a local daily reported that Kim Jong-nam, said to live in semi-exile due to his wayward lifestyle,…
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Business
Lotte challenges Costco
Korean retailer claims superior customer service Lotte Mart, the nation’s third largest discount store chain, is entering the local wholesale market, which has been dominated by Costco. Lotte’s forays into the market have unnerved the U.S. firm that has been under fire for its unfriendly customer policy. Lotte aims to…
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Society
ACRC’s outreach program in full swing
Making Korea a warm-hearted, transparent country is the motto of the state-run anti-corruption commission. The endeavors and achievements of the Anti-Corruption and Civil Rights Commission (ACRC) are as truly remarkable as praised by the United Nations and other goodwill international organizations. However, Kim Young-ran, chairperson of the ACRC, says many…
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Business
Renault to boost Korean operation
A top executive of Renault Group Wednesday emphasized the importance of Renault Samsung Motors (RSM) as an export base in Asia and pledged to fully support the troubled local affiliate. “We want to be a significant player in the highly competitive Korean market,” Carlos Tavares, chief operating officer of the…
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Kakao Talk launches new cyber money
Kakao Talk, Korea’s largest mobile messenger service provider, said Wednesday it plans to launch its own cyber currency called Choco on Thursday. Subscribers will be able to buy and charge Choco which can be used to buy emoticons at the firm’s app store. Ten Choco will cost 1,000 won, the…
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Society
‘I object to faculty’s sense of privilege’
KAIST chief dismisses professors’ claim about patent theft Suh Nam-pyo, president of the Korea Advanced Institute of Science and Technology (KAIST), said Friday that he won’t succumb to pressure from the professors’ council. ““The professors’ council has told me to quit and leave this school. But I won’t do so.…
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Politics
Erdogan:Turkish Military Authorized Against Future Syrian Attacks
The growing conflict between Prime Minister Recep Tayyip Erdogan’s Turkish government and Syrian President Bashar Assad’s regime worsened on Friday following the shooting down of a Turkish jet by Syria. Erdogan stated that Turkey will no longer tolerate security threats from Syria along its border. Turkish PM Erdogan spoke to…
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