• Sorrow shared at buddhists’ lantern parade

    Koreans and foreigners, believers and nonbelievers alike joined hands in consoling the loss of lives in the ferry Sewol disaster in an annual Buddhist lotus lantern festival in Seoul, Saturday. Thousands watched the parade stretching from Dongguk University to Jogye Temple wearing yellow ribbons in symbolic commiseration. This year’s parade…

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  • GDP grows at fastest pace in 3 years

    The economy recorded its fastest growth in three years in the first quarter, according to the central bank, Thursday. The Bank of Korea (BOK) said the nation’s gross domestic product (GDP) rose 3.9 percent from the preceding January-March period. It marks the fastest yearly growth since the first quarter of…

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  • SK hynix enjoys sold sales, profits

    Memory chip maker surpasses 1 trillion won in operating profit SK hynix Thursday said it posted an operating profit of 1.05 trillion won in the first quarter, surpassing the initial market estimation of 978 billion won. The world’s second-largest chip maker is expected to enjoy robust sales for the rest…

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  • Obama to meet business leaders

    U.S. President Barack Obama will meet Korean business leaders Saturday to seek more investment into the U.S., the American Chamber of Commerce in Korea (AMCHAM) said Thursday. “President Barack Obama will host a roundtable business event on April 26 to discuss investment opportunities in the U.S. and the KORUS free…

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  • Jang Seo-hee and ‘hallyu’ in China

    Actress Jang Seo-hee, 42, who is also known as Jang Ruicy in China, will return to the small screen in a new drama, tentatively titled “Cuckoo’s Nest.” It is the first new drama in four years for the actress who pulled off a stunning performance and high viewership or 44…

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  • Obama to pray for victims

    President Barack Obama is expected to express his condolences to the victims of the sunken ferry Sewol and their families during his two-day trip starting today. A Cheong Wa Dae official said that it will be up to the U.S. head of state as to where and how he does…

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  • ‘It’s their last day in school’

    ANSAN — Danwon High School reopened Thursday but the grief from the loss of students in the tragic Sewol ferry disaster was palpable. The school had been closed since the April 16 sinking of the ferry that was taking hundreds of the school’s students on a field trip to Jeju…

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  • Foreign firms may buy Pantech, Dongbu HiTek

    Experts are worried that Korea could lose its tight grip on the mobile phone and semiconductor industries because foreign companies are planning to purchase stakes in leading domestic technology firms. Experts said that the Korean government should consider whether or not to allow foreign firms to buy stakes in Dongbu…

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  • Large-scale Cabinet reshuffle unavoidable

    Many heads are expected to roll amid growing public outrage over the government’s lax, inefficient handling of the Sewol ferry disaster. President Park Geun-hye is likely to carry out a large-scale Cabinet reshuffle, holding a number of Cabinet members accountable for inept responses. Since the ferry carrying 476 passengers capsized…

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  • Denial, anger… and grief in Ansan

    ANSAN — It’s hard not to find someone unrelated to the tragedy of the sunken ferry in this town which feels like a giant funeral home. From banks to government buildings, banners express the hope of residents wishing the return of the missing students in Gojan-dong, the home of the…

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