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‘Visible hand’ beaten

‘Visible hand’ beaten

Court rules against government measure to regulate large retailers The government is under fire for its hasty measures to limit the operating hours of large retailers in an attempt to protect small stores, as the court has ruled that the new regulation is illegal. The government introduced a series of new rules to help boost […]

Blade & Soul gets even with Diablo 3

Blade & Soul gets even with Diablo 3

NCsoft’s new massive multiplayer online role-playing game (MMORPG) Blade & Soul started an open beta test Thursday and was virtually level with Blizzard’s Diablo 3 in popularity over the weekend. According to game research firm Gametrics, as of Sunday morning, Blade & Soul held 17.38 percent for Internet cafe user time, only just behind Diablo […]

Credit cards with bio-info to debut

The state-run disaster control agency is working with a credit card company to issue cards that will contain biological information about holders to enable a quick and effective treatment in the event of an emergency. Heated debate concerning possible privacy violation and the consequences a leakage of such information could bring will match daytime temperatures. […]

Horse race parks become tourist attraction

Horse race parks become tourist attraction

Horse racing tracks here have become a family-oriented leisure destination for both Koreans and foreign tourists as they offer not only races, but also a wide range of fun-packed events for people of any age. The Korea Racing Authority (KRA), the sport’s local governing body, organizes flat races with thoroughbreds, which are composed of both […]

Consumers yet to get full FTA benefit

Six out of nine popular products imported from the Europe Union and nine of thirteen imported from the United States are available at cheaper prices thanks to Korea’s free trade pacts with the two giant markets, according to the state fair trade regulator. The Fair Trade Commission (FTC) underscored Thursday that some of the items […]

Small biz struggle to make ends meet

Small biz struggle to make ends meet

Poor self-employed emerge as time bomb Korea’s self-employed population is swelling like a balloon due to a decaying job market that has sidelined millions of people and forced them into starting their own businesses. With economic activity squeezed to a pulp, there is a rapidly growing intersection between low-income earners, over-50 people and the self-employed, […]

EU leaders at G20 vow to restore stability

EU leaders at G20 vow to restore stability

EU leaders at the G20 summit say they are committed to providing a detailed plan for stabilizing the eurozone. The G20 summit opened in the Mexican resort of Los Cabos on Monday with leaders of industrialized and developing countries discussing the global economy. Eurozone leaders said various measures have been taken to address the credit […]

Korean cosmetics popular at duty free

Amore Pacific and other cosmetics makers here have been enjoying booming business over the past few years in line with the soaring number of Chinese, Japanese and other foreign visitors. Many non-Korean travelers go on a buying spree for skincare, makeup and other beauty-related goods produced here, with Korean actors and actresses appearing in TV […]

‘Don’t blame FTA for Korean cars’ popularity in EU’

‘Don’t blame FTA for Korean cars’ popularity in EU’

Korea’s auto trade group refuted Wednesday European carmakers’ allegation that the free trade agreement (FTA) between Korea and the European Union solely contributed to a sharp rise in Korean car sales in Europe. The Korea Automobile Manufacturers Association (KAMA) said the allegation is “misleading” on the positive effects of FTA and provides a “biased and […]

Moody’s downgrades Spain’s sovereign debt three notches

Moody’s downgrades Spain’s sovereign debt three notches

MADRID, June 13 (Xinhua) — International rating agency Moody’s downgraded on Wednesday the Spanish sovereign debt from A3 to Baa3 with a negative outlook. Moody’s explained that the bailout the Spanish government is intended to ask is one of the main reasons of this decision as the move will increase the debt of the country. […]

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