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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[Graphic News] Cigarette sales down 0.6% in H1
Sales of cigarettes in South Korea edged down 0.6 percent in the first half of 2019 from a year prior, data showed, amid an anti-smoking campaign and higher prices. South Korean smokers purchased 1.67 billion 20-cigarette packs in the January-June period, compared to 1.68 billion packs in the same period last year, according to data compiled by the Ministry of Economy and Finance. The figures represent a 17.8 percent drop from the first half of 2014. (Yonhap)
TechnologyAug. 6, 2019
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[News Focus] NK missile launches aimed at domestic audience, testing intelligence capabilities of S. Korea, US: experts
After firing two unidentified projectiles that Seoul believes to be short-range ballistic missiles early Tuesday, North Korea issued a statement strongly denouncing South Korea and the United States for their joint military exercise that kicked off the day before.In a statement carried via its news outlets, North Korea’s Foreign Ministry spokesperson poured scorn on the joint military exercise and other military actions taken by the allies, warning such actions would inevitably drive the N
North KoreaAug. 6, 2019
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Japan’s export curbs to affect imports of carbon fiber, botulinum toxins
With Japanese Prime Minister Shinzo Abe’s Cabinet removing South Korea from its list of trusted export destinations last week, attention has been drawn to what materials will become subject to import restrictions. According to the Korea Strategic Institute, which oversees management of strategic goods for the Korean government, 159 materials were selected as items of concern to be subject to the Japanese restrictions for security reasons. Among those materials that Japan claimed could be
EconomyAug. 6, 2019
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Rihanna to host ‘Fenty Beauty’ makeup show in Seoul
Pop superstar Rihanna will be visiting Seoul in September to host the second makeup masterclass of her beauty brand Fenty, local promoters said Tuesday.The 31-year-old founder of Fenty will hold the “Fenty Artistry & Beauty Talk with Rihanna” at Lotte World Tower in Songpa-gu, southern Seoul, on Sept. 17. Rihanna held the first such event in Dubai last year. Makeup artist Priscilla Ono and Hector Espinal will join her to showcase the pop star’s makeup techniques and know-ho
Arts & DesignAug. 6, 2019
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CarrieSoft to be listed on Kosdaq this month
CarrieSoft announced Tuesday that it plans to get listed on South Korea’s secondary bourse Kosdaq on Aug. 23.The firm first began with the YouTube channel “Carrie and Toys” in 2014 and exclusively produces kids’ contents. It is home to the iconic character “Carrie,” who reviews popular toys and goods. The character has evolved and now has own branded products. Last year, CarrieSoft’s sales reached 10 billion won ($8.25 million) with an operating lo
MarketAug. 6, 2019
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Asiana Airlines makes emergency landing to save 8-year-old passenger
An Asiana Airlines flight bound from New York to Seoul last month made an emergency landing when an 8-year-old passenger suddenly fell ill, according to the air carrier on Tuesday. The decision allowed for the fast transportation and treatment of the girl, who has since recovered.According to Asiana, the passenger, identified by her surname, Choi, was on flight OZ221 from New York to Incheon Airport for a visit to South Korea with her family. About an hour and 30 minutes into the trip, Choi sudd
IndustryAug. 6, 2019
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[Editorial] Cool-headed approach
To cope with Japan’s trade retaliation against South Korea amid drawn-out historical disputes between the two countries, President Moon Jae-in’s administration has put forward a set of response measures.Japan last week decided to remove South Korea from a list of nations given preferential trade treatment, an apparent reprisal for a ruling by the South Korean Supreme Court in October awarding damages to South Korean victims of wartime forced labor. In July, Tokyo had imposed tighter
EditorialAug. 6, 2019
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[Kim Seong-kon] The moment we become emotional, we lose the battle
Regardless of our nationality, we all have merits and flaws. Of course, it all depends on people, but sometimes we unwittingly exhibit collective characteristics that contribute to the public image of a country. Living in America, for example, one can be impressed by Americans’ good-natured personality. Generally speaking, Americans are exceptionally nice and friendly. Look at their smiling faces, and you are compelled to smile back. You do not see any sign of malicious intention to hurt o
ViewpointsAug. 6, 2019
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[Tyler Cowen] Greta, It’s OK to fly
Greta Thunberg, the 16-year-old Swedish climate activist, recently announced that she would cross the Atlantic Ocean by boat to attend a United Nations global warming summit in New York. She does not believe in flying in airplanes, for the obvious reason that air travel is a contributor to the carbon emissions problem.I am here with a simple message: Greta, it is OK to fly. Indeed, I encourage you to fly.This isn’t just about Thunberg. I often hear it argued that Al Gore is a hypocrite for
ViewpointsAug. 6, 2019
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National Theater Company of Korea cancels performance of play by pro-Japanese playwright
The National Theater Company of Korea has canceled scheduled performances of a play by pro-Japanese playwright Lim Sun-kyu, amid growing economic and political tensions between Korea and Japan. The work was scheduled to be staged Sept. 27-Oct. 13 at Baek Sung-hee & Jang Min-ho Theater in Seoul. “Binghwa” (1940) is a late Japanese colonial period play carrying pro-Japanese elements that was submitted to a drama contest organized by Japan as part of its cultural policy.Lim&rsq
PerformanceAug. 6, 2019
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[News Focus] Korea stands to lose more than Japan: poll
SEJONG -- This year on Aug. 15, South Koreans will celebrate Liberation Day and mark the 74th anniversary of Korean independence amid a trade war with Japan.Then on Sept. 18 the nation will commemorate 120 years of railroad history, with some saying Japan initiated the railway construction in 1899 in an attempt to plunder Korea’s resources.Since its liberation from Japanese colonial rule in 1945, Korea has strived to catch up with its neighbor in a variety of industrial sectors. While Japa
PoliticsAug. 6, 2019
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Kim Hee-chul, Twice’s Momo deny dating reports
Kim Hee-chul of Super Junior and Momo of Twice have denied rumors that they are dating. A local media outlet reported Tuesday that Kim and Momo have been in a relationship for two years after first meeting through a TV entertainment show in 2017.However, both sides quickly sent out official statements refuting the claim.Kim’s agency S.M. Entertainment said, “The two are close only as co-workers in the industry,” while Twice’s label JYP Entertainment called the rumor
PerformanceAug. 6, 2019
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SsangYong Motors mulls self-rescue plans amid financial woes
SsangYong Motors, the South Korean unit of India’s Mahindra & Mahindra, is seeking measures to revive its business amid dwindling sales and liquidity woes, according to the company Tuesday.According to a letter sent to employees, SsangYong Motor CEO Yea Byung-tae said the company would conduct an organizational reshuffle in September to normalize business. The company will also reduce 10 to 20 percent of its senior executive workforce in the annual reshuffle slated for February, as wel
MobilityAug. 6, 2019
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Ministry to process all illegal waste within the year
The Ministry of Environment announced its plan Tuesday to process all waste across the country that has been illegally dumped, neglected and exported within this year, three years earlier than initially scheduled. As of the end of July the ministry had completed treatment of 45.7 percent, or 550,000 tons, of the illegal waste and plans to process the remaining 650,000 tons within the year, according to the ministry.The illegal waste around the country is composed of 859,000 tons of waste that ha
Social AffairsAug. 6, 2019
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[News Analysis] Markets roiled as US-China spat dwarfs impact of Japan factor
As South Korea’s financial market continued to totter Tuesday after a “Black Monday,” experts observed that the key reason behind the current anxiety is the prolonged US-China trade conflict rather than the escalating feud with Japan.Tense about the US-China situation and its anticipated leverage in the global financial markets, authorities here vowed to take stabilizing steps in case of increased volatility, signaling a possible intervention in the local foreign exchange marke
EconomyAug. 6, 2019
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Major corporate groups on high alert against Japan impact
South Korea’s major corporate groups are tightening their supervision of key businesses as they brace for repercussions from the possible expansion of Japan’s trade curbs, according to industry sources Tuesday.Samsung Electronics’ de facto leader Vice Chairman Lee Jae-yong visited the company’s semiconductor packaging plant located in Onyang, South Chungcheong Province, to check out the chipmaking operations. He held a meeting with the top executives of the chipmaking, TV
TechnologyAug. 6, 2019
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Japan unlikely to target Korea’s financial market: state policy chief
Kim Sang-jo, the president’s chief of staff for policy, said Tuesday the “possibility is very low” that Japan will target Korea’s financial market for economic retaliation amid thorny relations between the two countries after Japan toughened trade restrictions against Korea. Asked by Rep. You Sung-yop of the minor progressive Party for Democracy and Peace wither Japan would target the country’s financial market, Kim said, “Compared with the IMF (Asian) financi
PoliticsAug. 6, 2019
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‘No Japan’ flags in Seoul streets taken down in face of public outrage
The Jung-gu district office in Seoul took down its “No Japan” flags from the streets following a firestorm of public criticism on the internet.The move came after the embattled office on Tuesday had pushed ahead with putting up the placards on streets in the crowded downtown district, ignoring the widespread condemnation and ridicule from South Koreans.In announcing a reversal of the decision, Seo Yang-ho, head of the Jung-gu office, said on social media, “We intended to fight
Social AffairsAug. 6, 2019
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Kospi dips under 1,900 for first time in 3 years
South Korea’s benchmark Kospi dipped below the 1,900 mark for the first time in three years Tuesday, with risks stemming from the ongoing trade row between Seoul and Tokyo, the intensifying trade war between Washington and Beijing, and Pyongyang’s latest missile launches pushing the market down. The Kospi fell 1.51 percent from the previous trading to close at 1,917.5. It rebounded slightly after falling to 1,891.81 in the early trading hours. The 1,891.81 point marked the lowes
MarketAug. 6, 2019
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[Newsmaker] Korean victims of WWII atomic bombings remembered in ceremony
On the 74th anniversary of the Hiroshima and Nagasaki bombings, a ceremony in South Gyeongsang Province remembered the tens of thousands of Koreans who lost their lives in the foreign cities after being taken there against their will.Over 200,000 people were killed by the two atomic bombs that were dropped Aug. 6 and 9, respectively, in 1945. Most of the victims were Japanese civilians, but some of the dead and injured were Koreans who had been drafted for forced labor and other forms of exploit
Social AffairsAug. 6, 2019