Most Popular
-
1
[Exclusive] Democratic Party of Korea forms US election task force
-
2
Seoul seeks to improve foreign nanny program after two abscond
-
3
[Grace Kao] NewJeans fights Hybe for their survival
-
4
Samsung, top banks to create W2tr green growth fund for SMEs
-
5
Malnutrition cases nearly triple in last 5 years
-
6
KFA Chair denies unfair hiring of national coach
-
7
An increasing number of K-pop idols are breaking free from big agencies. Why?
-
8
NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
-
9
Couple welcoming quintuplets to receive over W170m in childbirth grants
-
10
Korean automakers pressured to diversify supply chains as US bans Chinese tech
-
N. Korean media foresees possibility of domino effect after Britain's EU exit
North Korea's main newspaper, Rodong Sinmun, carried detailed accounts of Britain's vote to leave the European Union, saying there is a possibility of a domino effect from Brexit and the disintegration of the EU system. In an article on last week's referendum, the organ of the North's ruling Workers' Party of Korea said many countries around the world are keeping watch on the adverse effects of Brexit regarding which road Britain will choose and how EU member countries will cope with the recent
North KoreaJune 27, 2016
-
[News Focus] Lawmakers renew aim at Samsung Life
A group of opposition lawmakers have revived legislation that would force Samsung Life to drastically reduce its equity holdings in affiliates, including Samsung Electronics, potentially threatening Samsung Group’s de facto chief Lee Jae-yong’s control over the top conglomerate. The original legislation, frequently referred to as “the Samsung Life” or “anti-Samsung bill,” died at the previous, conservative Saenuri Party-controlled parliament amid heavy lobbying from Samsung. The revival came aft
June 27, 2016
-
South Korea‘s inconsistent fiscal policy draws criticism
[THE INVESTOR] The government is expected to unveil a plan to set aside about 10 trillion won ($8.4 billion) in supplementary budget Tuesday when it announces economic policy directions for the second half of this year.In a meeting with lawmakers from the ruling Saenuri Party on Friday, Finance Minister Yoo Il-ho said he would actively consider drawing up an extra budget if it was to pass parliament within the next month.Two days earlier, Yoo, who doubles as deputy prime minister for economic a
June 27, 2016
-
Doosan Heavy wins W220b deal in Iran
Doosan Heavy Industries and Construction has secured a 220 billion won deal to build a desalination plant in Iran, the company said Monday. Doosan was the first global firm to have won a sea water purification plant construction project in the Middle Eastern country after international economic sanctions were lifted from it earlier this year, added the firm.The deal was signed with an Iranian private firm Sazeh Sazan. The South Korean builder will be in charge of designing and constructing the p
IndustryJune 27, 2016
-
Korea to toughen requirements for controversial entertainment visa
Korea will toughen legal requirements for issuing the visa for foreigners engaging in entertainment and hotel services here, the government said Monday.There have been lingering reports that the holders of the E-6-2 visa, a requisite for non-Korean residents to perform in hotels, bars and clubs, end up doing sexual entertainment services rather than cultural performances, eventually becoming illegal immigrants. Many of these workers are not paid on time, according to the Ministry of Gender Equal
Social AffairsJune 27, 2016
-
[Newsmaker] Lee U-fan to take time to examine counterfeits of his paintings
Artist Lee U-fan, whose abstract paintings have become the subjects of art forgeries, took a look at the paintings the National Forensic Service identified as counterfeits for the first time Monday, but said he has yet to conclude if they are fakes. “I will come back (to the police) the day after tomorrow. There are things I have to check again,” said Lee as he left the Seoul Metropolitan Police Agency after having examined the paintings. Lee’s attorney Choi Soon-yong explained that Lee would
PerformanceJune 27, 2016
-
[Foreigners Who Loved Korea] The George Fitch family, supporters of Korean independence activists
In 1968, the government of the Republic of Korea bestowed the Order of Independence Merit for National Foundation unto the missionary George Ashmore Fitch (Korean name: Bi Oh-saeng). Fitch was none other than the Suzhou-born U.S. missionary who had provided a meeting place for Korean independence activists in Shanghai, China in 1919, acted as director of the Korean Relief Society and adviser to Inseong School in the 1920s and provided refuge to Kim Gu after Yun Bong-gil’s patriotic deed at Hongk
CultureJune 27, 2016
-
Korean shippers dispatch bigger vessels on Panama Canal route
[THE INVESTOR] Korean shipping companies are deploying larger ships that can navigate the newly expanded Panama Canal which is set to open a new era in global trade. Deploying bigger vessels is expected to improve the indebted ship liners’ profitability as they can enhance their price competitiveness. Hyundai Merchant Marine plans to deploy five units of 10,000 twenty-foot equivalent containerships on the route called NYX, focusing on coverage between Central and North China and Korea to the Uni
IndustryJune 27, 2016
-
GS Caltex offers counseling programs for needy youths
Korea’s major oil refiner GS Caltex is helping underprivileged children and youths by providing counseling services to them as part of corporate social responsibility, the company said Monday.With the aim of boosting youths’ self-esteem and supporting them socially, the company has been running the program “Heart Tok Tok” since 2013. It involves sessions designed to help them heal psychologically such as through music, painting and ballet. North Korean defector students participate in the Heart
IndustryJune 27, 2016
-
Hyundai Heavy eyes medical robot exports
[THE INVESTOR] Hyundai Heavy Industries delivered 10 medical robots to local health care institutions on June 27, as it speeds up the efforts to enter overseas markets by the end of next year. According to Hyundai Heavy, 10 robots of three different types were delivered to five medical institutions -- Asan Medical Center, Ulsan University Hospital, Cheonnam National University Gwangju 2nd Geriatric Hospital and Ulsan Noin Hospital.Medical-use robots developed by Hyundai Heavy. Hyundai Heavy Indu
IndustryJune 27, 2016
-
Man kills baby because he ‘wasn’t potty trained’
Police requested an arrest warrant for murder, Sunday, for a man who threw and killed the 3-year-old child of the woman he was cohabiting with. According to Gangwon Province Chuncheon Police, the 33-year-old, surnamed Jeong, impulsively committed the murder as he was cleaning up after the baby. (Yonhap News Youtube Capture)Jeong told police, “I was angry that the feces overflowed out of the diapers on to the floor. And then the baby wouldn’t stop crying after I cleaned him.” He threw the toddle
Social AffairsJune 27, 2016