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Kim Il Sung mural

Aug 17, 2015 AM EDT - Dana Marie

North Korea Turns Back Its Clocks by 30 Minutes

Some people could only wish to turn back the time. But North Korea has done it literally, as its citizens set their clocks back by 30 minutes before August 15 midnight strikes, marking their ‘true liberation’ from Japan.

students at Yonsei University

Aug 17, 2015 AM EDT - Dana Marie

Ministry of Education Pushes “Ghettoized” Courses in South Korean Universities

As the country’s number of foreign students keeps on declining, the Ministry of Education has pushed for a proposal to let colleges and universities develop specialized courses or departments in the fields of IT and shipping.

 Shin Dong-Bin

Aug 16, 2015 PM EDT - Dana Marie

The Family Feud Will Finally End as Lotte Appoints a New Chairman

A meeting among Lotte Group’s shareholders today in Tokyo will confirm the new chairman. And it looks like it will be Shin Dong-bin.

Hyundai Heavy Industries

Aug 15, 2015 AM EDT - Dana Marie

Downsizing at Three of Korea’s Biggest Shipbuilders Results to Thousands of Job Loss

According to reports, the country’s major shipyards are struggling because of failing offshore rigs. Amidst gradually declining finances, they have resorted to downsizing and redundancy in an attempt to bring back huge losses.

Myungdong shopping district

Aug 13, 2015 PM EDT - Dana Marie

Korea Grand Sale and Other Cultural Events Kick Off Today

Foreigners visiting South Korea today until the end of October will be in for plenty of wonderful treats, as the country celebrates 70th Liberation Day tomorrow. The big celebration starts today, kickstarted by the Korea Grand Sale.

 residential properties by Han River

Aug 13, 2015 AM EDT - Dana Marie

Korea Experiences the Effect of Low Mortgage Rates – Rising Household Debt

For the first time, since data on loans have been compiled, South Korea’s household debt has exceeded 600 trillion won ($512 billion). Despite the government’s efforts to control borrowing, the total amount has continued to rise.

rocket launch at Goheung Space Center

Aug 13, 2015 AM EDT - Dana Marie

KARI’s Unmanned Drone ‘EAV-3’ Reaches the Stratosphere

Korea Aerospace Research Institute (KARI) has succeeded in launching its unmanned drone, the ‘EAV-3’. According to researcher Kim Seung-ho on August 11, the aircraft has taken off at the Goheung Space Center and has reached 14.12km above the Earth’s surface.

A view across the city including the mountains and skyscrapers in the Gangnam business district in Seoul, South Korea. Photo by Dan Istitene/Getty Images News

Aug 12, 2015 AM EDT - Dana Marie

Seoul Metropolitan Government Holds ‘Beautiful Buildings’ Contest

The local government of South Korea’s largest metropolis and capital is organizing a public contest starting today until September 10. It involves finding the city’s 100 most beautiful buildings among 640,000 registered buildings.

Chairman Shin Dong-Bin

Aug 12, 2015 AM EDT - Dana Marie

Shin Dong-bin Promises to Improve Lotte’s Cross Shareholdings

The co-CEO of Lotte Holdings and chairman of Lotte Group, Shin Dong-bin, has announced that the corporation will lessen the shares of holding companies in Japan-based Hotel Lotte.

Choi Jung-Won

Aug 11, 2015 AM EDT - Dana Marie

Fourth Year of Seoul Musical Festival Starts on August 17

Korea’s first festival – Seoul Musical Festival – that features homegrown musicians will run from August 17-24 at Dongdaemun Design Plaza and Chungmu Art Hall.

Paris Hotel

Aug 11, 2015 AM EDT - Dana Marie

Korea’s Team of Hackers Dominate the “DEFCON Capture the Flag (CTF) 23”

Korea’s team of hackers has won the top prize during the DEFCON Capture the Flag (CTF) 23 event in Las Vegas, Nevada.

Cyber Terror Response Center

Aug 10, 2015 PM EDT - Dana Marie

The Increasing Popularity of Mobile Devices for Financial Transactions

The past year has seen an increase in banking and other financial transactions done through mobile devices.

Ryoo Kihl-Jae and Hwang Pyong-So

Aug 10, 2015 AM EDT - Dana Marie

South Korean Companies Are Willing to Set Up a Business in North Korea

The Korean Chamber of Commerce and Industry (KCCI) has rolled out a survey involving 500 companies in South Korea, and 87% has expressed their interest in setting up a business in North Korea after both nations unify.

meals in ice bowls

Aug 10, 2015 AM EDT - Dana Marie

Products That Beat the Heat Sell Quick in Korea

The scorching temperature felt for the past days might have led to the death of seven individuals as well as thousands of livestock, but it has led to high sales among local businesses.

amusement park animals

Aug 10, 2015 AM EDT - Dana Marie

Hottest Summer in Seoul and Other Areas

Seoul is experiencing from scorching temperature, which the government has expected to continue until the middle of the week.

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