Most Popular
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After opposition U-turn, Korea to repeal plan for financial capital gains tax
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North Korea fires ballistic missiles hours before US Election Day
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Amid record-low approval rating, Yoon forgoes Assembly budget address
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Gangnam Station ramming suspect to face detention
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South Korea and Central Asia set stage for first summit
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Local food festivals enjoy unexpected popularity as snacks go viral
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Harris, Trump face off as North Korea tests US on Election Day
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Ruling party leader condemns North Korea troop dispatch as crime against humanity
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‘Children have the right to great stories': Head of Astrid Lindgren Award stands firm against book ban
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SK chief vows to tackle AI bottleneck along with Nvidia, TSMC
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[Editorial] Lax discipline
A recent series of civilian intrusions into military bases has deepened concerns over lax discipline in South Korea’s armed forces. In the latest such incident, a drunken man in his 50s dug under the fence surrounding an air defense outpost in Siheung, south of Seoul, on Monday and went inside to pick wild greens. The absurd incident occurred less than two weeks after the military failed to detect two civic activists intruding into a naval compound on the southern island of Jeju and wand
EditorialMarch 19, 2020
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[Eye Plus] Gaze into dark history, hope for brighter future
Dark tourism has risen in recent years to respond to the contemporary generation’s drive for unique, impactful and meaningful experiences. In Europe, the Auschwitz concentration camp is a classic example of dark tourism, where traces of wartime genocides and ethnic cleansing are preserved. A more recent case is Ground Zero in New York’s Manhattan, where the World Trade Center Twin Towers had stood before the Sept. 11 terrorist attacks occurred in 2011. As for the Korean Peninsula,
TravelMarch 19, 2020
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Chief of main opposition's affiliated party resigns ahead of April elections
The chief of the Future Korea Party (FKP) stepped down Thursday amid strife with the main opposition party over the selection of candidates for proportional representation (PR) seats. The FKP was established in February as the satellite party of the main opposition United Future Party (UFP) specially to target PR slots in the April 15 parliamentary elections. But tensions between the two parties heightened as only one person that the UFP had recruited from outside was included in a list of 20
PoliticsMarch 19, 2020
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[Kevin Skeoch] Education during the days of COVID-19
Amid the growing concerns of COVID-19 spread in South Korea, international schools are planning and have instituted online learning programs that were rolled out to all students during school closure. Now a global pandemic, international schools in Seoul, are in their fourth week of online learning. Dwight’s online learning program’s stated mission is to harness innovative technologies while keeping its core principles in mind -- personalized learning, global vision, and community,
ViewpointsMarch 19, 2020
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Government rolls out W50tr aid package for small businesses
Deadlines on corporate loans will be extended, and a fund to stabilize the country’s stock markets will be established as part of Seoul’s efforts to deal with the economic impact of the COVID-19 outbreak. Under the measures, deadlines for loans taken out by small and medium-sized enterprises and small merchants will be extended by more than six months. In addition, debtors will be given six-month extensions on their interest payments. According to the government, the measures --
PoliticsMarch 19, 2020
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[News Focus] Of 56 areas in Seoul area, Seongnam takes hardest virus hit
SEJONG -- It has been two months since the first case of COVID-19 was reported in South Korea on Jan. 20. The initial phase was limited to the Seoul metropolitan area, which encompasses the capital as well as nearby Gyeonggi Province and Incheon. The first confirmed case occurred in Incheon and the second was reported three days later in Seoul. The third was discovered in Gyeonggi Province on Jan. 26. Though the novel coronavirus from China took its greatest toll in Daegu and North Gyeongsang
Social AffairsMarch 19, 2020
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[Exclusive] Foreign residents still locked out of online banks
Concerns about the fast-spreading novel coronavirus are fueling growing demand for “untact banking,” but foreign residents in South Korea still cannot subscribe to online banking services, due to the lack of a verification system. Untact banking refers to online or mobile banking services without physical contact between bank staff and customers. Online-only banks, which have been in Korea since 2015, allow a totally contactless service, but regulatory issues meant that the
MarketMarch 19, 2020
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Strong winds lash S. Korea
Typhoon-like strong winds battered most parts of South Korea on Thursday, causing disruption in the operation of outdoor coronavirus testing stations, fanning mountain fires. Wind gusts of up to 90 kilometers per hour, or 25 meters per second, were forecast to continue into early Friday morning in most parts of the country, according to the Korea Meteorological Administration. The heavy winds result from the gap in air pressure between cold low pressure over North Korea and warm high press
Social AffairsMarch 19, 2020
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Kospi plummets below 1,500, lowest in 11 years
South Korean stocks crumbled again Thursday, hitting the lowest point in nearly 11 years, as foreigners’ selling spree continued over growing global uncertainties. The benchmark Kospi closed at 1,457.64 -- down 133.56 points, or 8.39 percent, from the previous session. It marked the lowest closing price since July 23, 2009, at 1,496.49 points. The tech-heavy Kosdaq also crashed by 56.79 points, or 11.71 percent, to close at 428.35. It recorded the lowest closing since Oct. 5, 2011,
MarketMarch 19, 2020
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[Newsmaker] Chung Euisun elected as chair of Hyundai Motor Group board
Hyundai Motor Group Executive Vice Chairman Chung Euisun has been elected the new chairperson of the group’s board of directors, in an apparent move to give the heir apparent more managerial power as he seeks to strengthen the future mobility vision. According to the company, it was decided for Chung to succeed his father, Hyundai Motor Group Chairman Chung Mong-koo, in his chairmanship during a board of directors meeting held Thursday. The senior Chung has held the position for 21 year
MobilityMarch 19, 2020
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Asiana Airlines sends chartered flight to bring Koreans from Iran
South Korean full-service carrier Asiana Airlines said Thursday that it has sent a chartered flight to bring back some 80 South Koreans stuck in Iran, where the COVID-19 has been rapidly spreading. Asiana Airlines said 80 Koreans left Tehran, Iran, to board a chartered flight in Dubai, United Arab Emirates. The flight departed the Al Maktoum International Airport, some 37 kilometers from Dubai, on Thursday morning and arrived at Incheon International Airport at 4:35 p.m. Ministry data s
MobilityMarch 19, 2020
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Life expectancy gap between Koreas is 11 years: CIA
North Koreans born in 2020 can expect to live about 71 years on average, whereas their South Korean neighbors have an average life expectancy of about 82 years, the Central Intelligence Agency said in its latest World Factbook. Boys and girls in the North have life expectancies of 67 and 75 years, respectively, as opposed to 79 and 85 in the South, the CIA said. The median ages for the North and South stand at 34 and 43, respectively. North Koreans over the age of 65 make up only 9 percent of
North KoreaMarch 19, 2020
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Korean firms rush for audit lifeline amid coronavirus spread
South Korea’s financial regulator said Thursday that 69 domestic companies have sought audit relief due to shortcomings in their reports for 2019, as the novel coronavirus has undermined their key operations, especially in China. Over two-thirds of companies that have applied for regulatory relief have a presence in China, and determined their filings cannot be completed by March 30, according to the Financial Services Commission. They include tobacco product maker KT&G, light bulb ma
MarketMarch 19, 2020
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S. Korea evacuates 80 citizens from Iran on charter flight
The South Korean government sent a charter flight to Iran on Thursday and evacuated 80 people from the Middle Eastern country, which is struggling with a severe coronavirus outbreak. The Asiana Airlines flight departed from Al Maktoum International Airport near Dubai at 8:05 a.m. (Korean time), carrying 74 Korean nationals and six Iranian family members, and arrived at Incheon International Airport on Thursday at around 4:30 pm. The passengers had flown to Dubai on an Iran Air flight. Up
Foreign AffairsMarch 19, 2020
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USFK completes sorting out Korean employees to be excluded from potential furlough
US Forces Korea (USFK) said Thursday it has completed sorting out South Korean employees providing essential duties to be excluded from a potential furlough in case Seoul and Washington fail to work out a defense cost-sharing deal in time. USFK has warned that some of its 9,000 Korean workers could be forced to go on unpaid leave starting in April should Seoul and Washington fail to reach a deal on the Special Measures Agreement (SMA) that regulates their sharing of the upkeep of the 28,500-st
DefenseMarch 19, 2020
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BOK to purchase 1.5tr won in bonds as market stabilization step
The Bank of Korea on Thursday said it will purchase 1.5 trillion won ($1.16 billion) in state bonds to help stabilize the local market hit hard by growing jitters caused by the spread of the new coronavirus. "The Bank of Korea decided to purchase state bonds to help stabilize the bond market and expand its holdings subject to repurchase agreements," the central bank said in a press release. The announcement came shortly after local authorities said they are ready to step in if neces
EconomyMarch 19, 2020
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Third athlete on national fencing team tests positive for COVID-19
South Korea’s national fencing team reported that a third athlete on the team had been confirmed to have the novel coronavirus, health officials said Thursday. The 36-year-old athlete tested positive Wednesday. She had returned home from an international competition in Budapest, Hungary, over the weekend, according to South Chungcheong Province health authorities. She was tested for the virus at a test center in Taean, South Chungcheong Province, earlier this week after a teammate was
Foreign AffairsMarch 19, 2020
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Big Hit’s new headquarters nears completion
Big Hit Entertainment, home to global sensation BTS and super rookie TXT, is getting ready to relocate to a new fancy office building in central Seoul. According to industry sources on Thursday, the building construction has been almost completed, while the interior work is still underway. “Expectations are high among industry people about the new office building, as the firm’s chief brand officer Min Hee-jin is known to be overseeing the interior work,” a source close to t
K-popMarch 19, 2020
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[Video] Online education now the new normal due to coronavirus pandemic
As the start of the spring semester has been postponed over the coronavirus outbreak and online classes are encouraged to minimize infections in the classrooms, teachers are trying to adapt to remote teaching. The majority of universities in South Korea started to provide online classes. This comes as social distancing is the most effective way to prevent the cluster infections of COVID-19. Professors are notified that they should conduct their classes via online solutions through the end of
Social AffairsMarch 19, 2020
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US Embassy in Seoul halts routine visa services
The US Embassy in South Korea suspended routine visa services as part of efforts to counter the COVID-19 pandemic, the embassy said Thursday. According to the embassy, the measure is in line with the US State Department’s decision to halt nonimmigrant and immigrant services in countries with level 2, 3 or 4 travel advisories. The State Department has issued a level 4 travel advisory for virus-hit Daegu, with the rest of South Korea at level 3. The suspension, however, does not af
Diplomatic CircuitMarch 19, 2020