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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[Weekender] Young Koreans more open to Japanese cultural products
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Assembly to review disputed appointment of national soccer team coach
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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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Park warns of NK provocations, unrest
President Park Geun-hye on Monday warned of possible North Korean provocations, saying the likelihood of unrest in Pyongyang could rise amid signs of "serious cracks" in the communist regime.During a National Security Council session, the commander-in-chief pointed out that the recent defection of North Korean elites, including a top-level diplomat, is an indication of cracks in the North's dictatorial governing structure. (Yonhap)"As the North Korean regime has been repressing its people with i
DefenseAug. 22, 2016
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More middle-aged South Koreans buying packaged meals
A growing number of middle-aged South Koreans are consuming packaged meals sold at local convenience stores, data showed Monday, due to convenience and to save money amid a long-running economic slump.According to the data by the No. 1 convenience store chain CU, South Koreans in their 40s and older bought 32.9 percent of all packaged meals sold at the nation's leading convenience store franchise in the first half of the year. The ratio was up from 31.1 percent in 2015 and 27 percent in 2014.The
IndustryAug. 22, 2016
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Korean chip companies to send market exploitation teams to India
South Korean semiconductor companies will send market exploitation teams to India to expand their businesses in the world's second-most populous market, the trade ministry here said Monday.The first squad led by SK hynix Inc., the world's second-largest chipmaker, will hold a road show in New Delhi on Monday to show their technologies of mobile chips and goods to Indian buyers, according to the Ministry of Trade, Industry and Energy.India's leading handset manufacturers like Intex Technologies a
TechnologyAug. 22, 2016
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Foreign, institutional investors place mixed bets on Samsung Electronics
Market players in South Korea have placed mixed bets on shares of Samsung Electronics Co. this month, with foreigners remaining a net seller of the stock while local institutional investors keep buying it. Shares of Samsung hit an all-time closing high of 1,675,000 won ($1,492) last Friday. The stock continued its rally early Monday and traded as high as 1,692,000 won. According to the Korea Exchange, local institutional investors had snapped up Samsung stocks worth 256.3 billion won for a ninth
IndustryAug. 22, 2016
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Chinese military aircraft enter Korea's air defense area: source
Three Chinese military planes "briefly" flew into an overlapping air defense intensification zone of South Korea and China amid tensions between the two countries over Seoul's decision to place a missile defense system on its soil, a military source in Seoul said Monday.The Chinese planes, including a bomber engaging in its own military operations, flew into the airspace near South Korea's southern island of Jeju on Thursday, without prior notification, but left shortly after the South Korean mi
DefenseAug. 22, 2016
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Tax office unaware of self-employed's exact income
South Korean tax authorities can't track down about 27 percent of self-employed people's income, data showed Monday, as they evade taxation through a range of expedient means.According to the National Tax Office and the Bank of Korea, self-employed South Koreans filed tax returns for only 72.8 percent of their total income estimated at 120.4 trillion won ($107 billion) in 2014.This means that local tax authorities couldn't keep tabs on the self-employed's remaining income and collect taxes from
Aug. 22, 2016
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Drug arrests in Korea hits record high in 2015: data
The number of people arrested for drug offenses in South Korea reached an all time high of 11,916 in 2015, due to more people buying and selling illegal substances online, government data showed Monday.According to the data compiled by the Supreme Prosecutors' Office, the number of people arrested for drug-related crimes rose 19.4 percent from a year earlier, which stood at 9,984.(Yonhap)Prosecutors attributed the rise to more opportunities for ordinary citizens to buy and sell drugs through the
Social AffairsAug. 22, 2016
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Refiners show decent profitability in H1
South Korean refiners such as S-Oil Corp. have racked up decent profits in the first half of the year, driven by their better-than-expected sales and relatively high cracking margins, industry data showed on Monday.According to the data compiled by market researcher CEO Score, S-Oil, the country's third-largest oil refiner, posted the highest operating income to sales ratio of 14.9 percent among companies affiliated with the top 30 conglomerates in terms of sales.S-Oil logged an operating income
IndustryAug. 22, 2016
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KOGAS to place orders to local shipyards
State-run Korea Gas Corp. (KOGAS), the world's largest LNG importer, will soon place shipbuilding and maintenance orders with local shipyards, as part of efforts to help them weather their worst-ever slump, its chief said Monday.KOGAS president Lee Seung-hoon said it will advance the schedule of placing orders for two new LNG carriers to the first half of next year and assign sizable maintenance work for its large LNG carriers to local shipyards."We are working to place an order for two LNG ship
IndustryAug. 22, 2016
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N. Korea threatens pre-emptive nuke strike over Seoul's military drill
North Korea on Monday threatened to mount a "preemptive nuclear strike" on South Korea and the United States as the allies kicked off their annual military exercise aimed at countering Pyongyang's potential aggression. The command and control exercise Ulchi Freedom Guardian, began its two-week run on Monday, involving tens of thousands of South Korean and US forces.This year's drill came amid unusually heightened inter-Korean tensions following the defection of a London-based North Korean senior
North KoreaAug. 22, 2016