Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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Iran complies with resolution on North Korea, prepares implementation report: ambassador
Iran is "completely" complying with the latest resolution that the U.N. Security Council adopted in the wake of North Korea's nuclear and long-range missile tests earlier this year, Iran's top diplomat in Seoul said.Hassan Taherian also said that Iran will submit its own action plan that will specify how Tehran will implement its sanctions in the near future in tandem with the ongoing efforts to put pressure on the North to abandon its provocative behavior."We are completely complying with that
North KoreaJuly 1, 2016
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Hyundai, Kia eye SUV expansion in US
[THE INVESTOR] Korea’s major automakers are set to strengthen their sport utility vehicle lineup in the US market, local news reported. Hyundai Motor and Kia Motors, which currently sell four SUV models sold in the US, are planning to double the number by 2020, an industry insider was cited in the report. Against the rising demand for SUVs in the US, sales of Hyundai’s Santa Fe and Tucson in May jumped by 88 percent and 90 percent on-year in the country, respectively, while sales of Kia’s Sorent
MobilityJuly 1, 2016
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Korea's consumer prices gain 0.8% on-year in June
South Korea's consumer prices grew by less than 1 percent for the second month in a row in June, government data showed Friday, rekindling concerns over deflation amid a flaccid economic recovery.The country's consumer price index rose 0.8 percent last month from a year earlier, according to the data compiled by Statistics Korea.The figure also climbed 0.8 percent on-year in May, after rising 1 percent or more for the previous three months.From a month earlier, the June figure stayed flat.Core i
July 1, 2016
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CSIS launches website dedicated to research into Korean unification
The U.S think tank Center for Strategic and International Studies said Thursday it launched a website dedicated to research into Korean reunification.The website, titled "Beyond Parallel," seeks to deliver greater clarity and understanding to policymakers, strategists, and opinion leaders by creating new datasets, presenting satellite imagery, and providing analysis from around the globe on the challenges and opportunities associated with Korean unification, CSIS said in a statement.The website
North KoreaJuly 1, 2016
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South Korea's U.N. ambassador calls for stringent implementation of sanctions on North Korea
South Korean U.N. Ambassador Oh Joon called Thursday for stringent implementation of U.N. Security Council sanctions on North Korea, saying making its nuclear weapons development more difficult and costly is the only way to force it to reconsider its ambitions.Oh made the appeal during a discussion that the U.N. missions of South Korea, the U.S., and Japan hosted to check on progress in carrying out the latest Security Council sanctions imposed on the North for its fourth nuclear test in January
North KoreaJuly 1, 2016
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U.S., Korea hold cybersecurity cooperation talks
The United States and South Korea held cybersecurity talks to boost cooperation in a wide range of areas, including tackling cyber hacking and other crimes, the State Department said.Christopher Painter, the department's coordinator for cyber issues, led the U.S. delegation in the fourth U.S.-Korea Bilateral Cyber Consultations. His team also included officials from the National Security Council, and the departments of justice, defense and homeland security, the department said in a statement.Le
DefenseJuly 1, 2016
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U.S.-Korea FTA effective in increasing American exports: U.S. report
The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade deals the U.S. has concluded, the U.S. trade agency said in a report Wednesday.The International Trade Commission report shows that the Korea-U.S. pact, often dubbed "KORUS FTA," is highly effective in increasing U.S. exports, contrary to claims by Republican presidential candidate Donald Trump that th
July 1, 2016
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U.S. puts North Korea among world's worst countries for human trafficking
The United States designated North Korea as one of the world's worst countries for human trafficking for the 14th straight year on Thursday, saying the communist nation subjects its people to forced labor at home and abroad.The State Department's annual "Trafficking in Persons Report 2016" put North Korea in the lowest Tier 3 of its four-step classification of countries. The North has been classified in the lowest category since the annual report began including it in 2003."The government subjec
North KoreaJuly 1, 2016
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Ex-big leaguer Jim Adduci fails doping test
A former major leaguer playing in the top South Korean league has failed a doping test.The Lotte Giants in the Korea Baseball Organization announced Thursday outfielder Jim Adduci tested positive for Oxycodone, a synthetic opiate, on May 21. The Korea Anti-Doping Agency administered the test, and the final confirmation is expected Friday.Starting this year, the KADA is running all doping tests in professional sports, having taken control from respective leagues under the Sport Promotion Act that
BaseballJuly 1, 2016
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Ex-major league pitcher tosses no-hitter in Korea
Former major league pitcher Michael Bowden threw a no-hitter in the top South Korean league Thursday.The right-hander for the Doosan Bears tossed the 13th no-hitter in the Korea Baseball Organization's 34-year history, shutting down the visiting NC Dinos in a 4-0 victory at Jamsil Stadium in Seoul.Bowden threw a career-high 139 pitches, striking out nine while walking three and hitting another.The 29-year-old American is the third foreign pitcher to throw a no-hitter in the KBO, after Charlie Sh
BaseballJuly 1, 2016
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FSC chairman warns of Brexit’s long-term impact on global market
[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman of Financial Services Commission said the Korean market is moving toward stability after Brexit turbulence but “uncertainties still remain high as Britain’s exit from the EU is the first of its kind.”FSC chairman Yim Jong-yongAlmost US$4 trillion has been wiped out from global equity values since June
July 1, 2016
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Asiana expands service to Sapporo, Japan
[THE INVESTOR] Asiana Airlines expanded its services to Japan by launching a flight to Sapporo, capital of Hokkaido prefecture, the flag-carrier announced on July 1. The flights are scheduled to operate daily, with the Incheon-Sapporo flight taking-off at 2:20 p.m. and Sapporo-Incheon flight leaving at 6:10 p.m. An aircraft that can seat 250 passengers has been selected for the route. Asiana launched its flights to Japan on the Incheon-Tokyo route 26 years ago. With the new route it now operates
IndustryJuly 1, 2016
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Samsung’s components businesses likely to suffer loss in Q2
[THE INVESTOR] Samsung Group’s electronic components businesses, including Samsung Electro-Mechanics, and Samsung SDI, are forecast to show disappointing earnings results for the April-June period, according to market analysts.Samsung Electro-Mechanics will post 21.7 billion won ($18.9 million) in operating income, down 49.4 percent from the previous quarter, with its revenue coming in at 1.6 trillion won, up 2.6 percent from the first quarter, according to a recent investment report released b
TechnologyJuly 1, 2016