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Facebook’s value comes to $104 billion

Facebook’s value comes to $104 billion

NEWYORKㅡ Facebook says it has priced its initial public offering of stock at $38 per share. That’s the high end of its expected range of $34 to $38. It means investor demand is strong for the world’s largest online social network. Facebook now stands to reap as much as $18.4 billion from the IPO, if […]

Parochial China

Parochial China

China often shows the opposite characteristics of Oskar Matzerath, an adult trapped in a child’s body in Gunter Grass’s novel, The Tin Drum. The Middle Kingdom has experienced explosive growth for the past three decades, enabling it to replace Japan as the world’s No. 2 economic powerhouse, second only to the United States. In other […]

Gambling episode gives bad name to Buddhism

Gambling episode gives bad name to Buddhism

The recent scandal involving gambling Buddhist monks could not have erupted at a worse time for the proponents of spreading Korean Buddhism globally. Modern Korea is not a predominantly Buddhist country, but the nation has practiced and nurtured its own brand for more than 1,700 years after adopting it from China. Compared to Buddhism in […]

French digital economy minister is adopted Korean

French digital economy minister is adopted Korean

Her birth of was a series of misfortunes. Fleur Pellerin, 39, new French minister for digital economy, was thrown out on the streets of Seoul right after she was born on Aug. 29, 1973, spending her first days in an orphanage. Her adopted father was a nuclear physicist and her mother a housewife. The new […]

Little women of Korean cinema

Little women of Korean cinema

Cannes publicity ignores chronic lack of interesting roles for actresses No one can dispute that the Korean film industry is flourishing. Investment and return are both on the upside. The sheer number of productions is rising, spawning hits and, of course, misses. This year, the local press is abuzz about two homegrown works vying for […]

Wishing I were wrong

Wishing I were wrong

Nobody wants to hear anything negative when their saju is read. It doesn’t matter how successful one is now. People can’t be assured of their future and because of that uncertainty, they fear to seek out fortune tellers while at the same time they are insatiably curious. I am often asked not to reveal upcoming […]

Park Ji-sung hopes to retire at Manchester United

Park Ji-sung hopes to retire at Manchester United

Park Ji-sung made it clear Thursday that he has no plans to leave Manchester United, despite his uncertain future at Old Trafford. “It is true I want to retire at Manchester United,” the 31-year-old told reporters on his arrival in Korea. “But what I want does not always translate to reality. It becomes more feasible […]

More foreigners seek medical services

Three year-old Trepova Malika from Kazakhstan is in Korea to receive treatment for cancer from a hospital in Seoul. Treatment in her own country to remove the tumor near her hip was ineffective and her condition showed no improvement. With no other options, she checked into Yonsei Severance Hospital, one of the largest hospitals in […]

KT CEO blasts big firms for ‘free riding’

KT CEO blasts big firms for ‘free riding’

  KT Chief Executive Lee Suk-chae has urged the government and the nation’s leading technology companies LG and Samsung Electronics to pay for using its networks. “Korea needs a new paradigm. The digital revolution has changed everything. Despite heavy data traffic amid rapid rises of data-intensive devices such as tablets and smartphones, no one is […]

Blind dates going instant, shallow

Blind dates going instant, shallow

Young adults flock to ‘booking bars’ in search of dateing partners Dozens of young people in their early 20s were standing in line outside a bar on Friday night. Although there was a two to three hour wait for those toward the back to enter the bar in the Hongdae area of Seoul, most of […]

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