Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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[Weekender] Young Koreans more open to Japanese cultural products
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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Korea to host int'l fest on world's oldest metal-type book
An international festival on the world's oldest extant book printed with movable metal type will kick off in Cheongju in September to shed new light on its creative value, bringing together world-renowned writers and scholars, organizers said Tuesday.The Jikji Korea Festival will open Sept. 1 in the central South Korean city, some 130 kilometers south of Seoul, for an eight-day run under the theme of "Jikji, Enlightening the World," with the main venues including the Cheongju Arts Hall and the C
CultureAug. 23, 2016
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Insurers' assets jump in H1 amid weak earnings
Insurance companies in South Korea saw their assets surge more than 10 percent on-year in the first half of 2016, but life insurers suffered a plunge in earnings due mainly to increased insurance payments, data showed Tuesday.The combined assets of the country's 25 life and 32 nonlife insurance firms came to 1,002.2 trillion won ($890 billion) as of the end of June, up 10.9 percent from a year earlier, according to the data by the Financial Supervisory Service. It marks the first time for their
Aug. 23, 2016
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Korea recoups 66.5% of bailout funds: FSC
The South Korean government recouped 436.4 billion won ($389 million) of bailout funds, mostly used to help ailing financial firms during the 1997-98 Asian financial crisis, in the second quarter of 2016, the nation's top financial regulator said Tuesday.The retrieval of taxpayers' money came largely from dividends from bailed-out firms, according to the Financial Services Commission.The government spent a total of 168.7 trillion won to bail out financial firms and help stabilize the financial s
Aug. 23, 2016
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Korea's state-run oil company pulls out of Iraqi oil field
South Korea's state-run oil company said Monday that it has decided to pull out of its eight-year-old exploration project in the Kurdistan region of Iraq, costing Korea National Oil Corp. about $130 million.The company said its board of directors made the decision recently to withdraw from Sangaw South on the grounds that the project has no profitability.The KNOC said on its website that it had obtained operatorship of Sangaw South in the Kurdistan region of Iraq with a 60 percent stake by signi
IndustryAug. 23, 2016
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French woman recovering from stroke in Korea
A French woman is recovering at a hospital after being treated for a stroke in South Korea, the hospital said Monday.The 58-year-old woman was rushed to the nearby Seoul St. Mary's Hospital on Aug. 11 by one of her fellow tourists who came to South Korea with the woman after she suddenly dropped her hand-held luggage and stopped understanding conversation.Doctors at the hospital conducted surgery after confirming the patient was suffering from a cerebral infarction through a computed tomography
Social AffairsAug. 23, 2016
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[Graphic News] SKT, S-Oil pay highest average salaries
Workers at Korea’s top 100 companies received on average 6.04 million won ($5,362) per month in the first half of the year, while their CEOs were paid over 12 times more, data showed Monday. CEOs registered as boardroom directors received on average a monthly paycheck of 73.6 million won between January and June, according to the Korea 20000 Corporate Research Institute, a local market tracker. Employees of SK Telecom, the nation’s largest mobile carrier, earned the most, at 11.02 million won pe
IndustryAug. 22, 2016
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Teen who stabbed mother allegedly took drugs: police
A 19-year-old is being charged for fatally stabbing his mother and aunt in Daejeon on Sunday.The Daejeon Yuseong Police revealed Monday that the teenager’s father, who holds US citizenship, had testified to his son’s drug abuse. (Yonhap)According to the father, the accused had spoken of taking illegal substances with his friends. On Sunday at around 4:30 p.m., the accused returned home and allegedly used a kitchen knife to stab his mother and aunt to death. The father, who had also been inside t
Social AffairsAug. 22, 2016