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Trade between S. Korea and Turkey jumps over 30 pct under free trade pact

Trade between South Korea and Turkey has jumped more than 30 percent over the past year under a bilateral free trade agreement (FTA) aimed at lowering the overall trade barriers, customs data showed Monday. The two countries enacted the FTA for goods on May 1, 2013, lowering or removing their import tariffs on nearly all […]

Hanwha’s solar biz to bounce back

Hanwha Group predicts that its solar energy businesses will bounce back thanks to lower production costs and a steady increase in demand, the company said Sunday. The conglomerate said it expects that the quarterly sales of its energy business units ― Hanwha Q Cells and Hanwha SolarOne ― will turn black in the January­March period, […]

Park accepts PM’s resignation

Chung to stay until disaster is dealt with President Park Geun-hye Sunday decided to accept Prime Minister Chung Hong-won’s resignation for mishandling the Sewol disaster. However, presidential spokesman Min Kyung-wook quoted President Park as saying that the top priority is to deal with the aftermath of the nation’s worst maritime disaster. Chung will stay on […]

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 in honor of Buddha’s Birthday […]

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 2011 at 4.9 percent. For […]

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 of the year thanks to […]

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 trade agreement implementation,” the U.S. […]

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 percent with the drama “Temptation […]

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 so. “It is up to […]

‘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 Island. Almost all the students […]

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