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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Lotte Group founder’s mental state poses problems for both heirs
Whether Lotte founder Shin Kyuk-ho has dementia has become a hot button in the Lotte drama that involves his two sons fighting over who should succeed him in the 90-trillion won conglomerate. A source from Shin Dong-joo’s side -- the older brother ousted from the Lotte helm by his younger brother -- revealed to the media earlier this week that the 92-year-old father had been taking medicine for dementia since 2010. It was the first time in the Lotte Group’s prolonged family feud that the older b
IndustryJune 30, 2016
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KOSDAQ marks 20 years
[THE INVESTOR] The total market capitalization of firms on the KOSDAQ, South Korea’s tech-heavy secondary bourse, has increased 27-fold and daily transactions by nearly 1,500 times since its launch on July 1, 1996, data showed on June 30.According to Korea Exchange, the market capitalization of firms on the KOSDAQ stood at 206 trillion won ($179 billion) on June 30. In comparison, the figure stood at 7.6 trillion won in its early days. The value of daily trading has also soared over the years, g
June 30, 2016
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Korea to provide support amid job losses in shipbuilding
The South Korean government will designate shipbuilding as a sector that needs “special state assistance” with the Finance Ministry and Labor Ministry providing aid to employees facing job losses due to debt restructuring.Finance Minister Yoo Il-ho said Thursday that the government will seek to provide financial relief to those who lose their jobs in the wake of corporate restructuring, and help them receive proper training and education so they can find new jobs.Shipbuilding employees in region
June 30, 2016
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Cardinals' Oh Seung-hwan shaky for 2nd straight outing
Oh Seung-hwan of the St. Louis Cardinals gave up an unearned run while committing an error in his latest relief appearance.The Korean right-hander barely avoided picking up his first major league loss in St. Louis on Wednesday (local time), after giving up a run and two walks in the top of the 10th inning against the Kansas City Royals.Oh took the mound in the 10th with the score tied at 1-1. He walked the first batter, Cheslor Cuthbert, and settled down to strike out Brett Eibner.With Jarrod Dy
BaseballJune 30, 2016
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[Photo News] Policy talk to AMCHAM
Finance Minister Yoo Il-ho (left) talks with James Kim, the chairman of the American Chamber of Commerce in Korea, during a meeting with AMCHAM members at a hotel in Seoul on Thursday.(Yonhap)
IndustryJune 30, 2016
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[Photo News] Interest in solar power
President Park Geun-hye and SK Group chairman Chey Tae-won arrive in an eco-friendly energy town in Hongcheon, Gangwon Province, to look at solar power facilities on Thursday.(Yonhap)
June 30, 2016
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Outdoor apparel brands exit the market
Many outdoor gear and apparel brands are closing down their business here due to sliding domestic sales in the saturated outdoor market. Fashion Group Hyungji recently decided to withdraw its outdoor apparel brand NorthCape after five years in business. According to industry insiders, Hyungji has already notified its 70 franchise owners across the country. Actress Ha Ji-won and actor Ji Chang-wook model for NorthcapeIn 2011, Hyungji clinched a deal to exclusively sell NorthCape -- an English ou
June 30, 2016
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N. Korea strengthens ideological education for its workers in China to prevent defection
North Korea has been reinforcing the ideological education for its workers dispatched to China to prevent defections, a U.S.-based media report said Thursday.An ethnic Korean source in China told Radio Free Asia that many North Korean workers employed in China came back to their job sites in the Chinese border city of Dandong after receiving indoctrination for about three days in North Korea's border city of Sinuiju.According to the source, many North Korean residents are employed at Chinese bus
North KoreaJune 30, 2016
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Stock prices fluctuate on rumors of Samsung chairman’s death
Share prices of Samsung Group’s affiliates rallied Thursday afternoon after rumors of the group chairman’s death went viral on social media, according to sources at Seoul’s stock market. Around lunchtime, a short message that read “Chairman Lee Kun-hee has passed away. Samsung to announce his death at 3:00 p.m., embargoed,” began to spread fast. His alleged death was even reported to South Korea’s presidential office Cheong Wa Dae, according to the message.Samsung Group immediately denied the ru
IndustryJune 30, 2016
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Short sellers required to make disclosures from July
[THE INVESTOR] Investors in South Korea will be required to disclose major short selling via the homepage of the local bourse operator Korea Exchange from Friday. The Financial Services Commission will impose a new regulation obligating investors to reveal their short positions and information about their identities once the amount comes to 0.5 percent of a company’s outstanding capital. Investors will have three trade days to file their reports on the name of the short-sold stock and other pers
June 30, 2016
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KEPCO’s microgrid enters Canadian market
The state-run Korea Electric Power Corp. has successfully built its state-of-the-art independent power system in Penetanguishene, a small town in Ontario, Canada, expanding its business to the North American market, officials said Thursday. KEPCO said it held a completion ceremony for the establishment of a microgrid in the town where some 440 households reside. Microgrid is a power system that can be autonomously run in a limited region. The energy monitoring system controls the renewable energ
IndustryJune 30, 2016
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Ban on journalists joining election campaigns deemed unconstitutional: court
Korea's industrial output rebounded in May, snapping two straight months of on-year decline on the back of increased production in chips and petroleum products, a government report showed Thursday.Production in the mining, manufacturing, gas and electricity industries expanded 4.3 percent last month from a year ago, according to the report by Statistics Korea. From a month earlier, industrial output also gained 2.5 percent.The May figure represents a turnaround from 0.5 percent and 2.6 percent o
Social AffairsJune 30, 2016
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N.K. leader completes one-man power structure: Seoul
South Korea's unification ministry on Thursday said North Korean leader Kim Jong-un has completed the process of taking absolute control over the country through the latest parliamentary gathering.On Wednesday, the Supreme People's Assembly, the country's rubber-stamp parliament, selected the North's leader as the chairman of the newly created state apparatus called the State Affairs Commission, a move aimed at further reasserting his one-man rule.The new commission replaced the National Defense
North KoreaJune 30, 2016
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Netflix plans to expand presence in Korea
Content streaming service Netflix, which launched here in January as part of its global expansion efforts, will be announcing plans for original Korean series within the year, Netflix leadership said at a press conference in Seoul on Thursday. Netflix’s current projects here include the film “Okja,” directed by Bong Joon-ho, and Korean-English drama series “Dramaworld,” produced in partnership with streaming service Viki.This is only the beginning of Netflix’s foray into the Korean market, said
FilmJune 30, 2016