Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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Hanjin Shipping sells W60b on operating rights to secure liquidity
[THE INVESTOR] Hanjin Shipping sold 60 billion won (US$51 million) worth of operating rights on Southeast Asian routes to its affiliate in order to secure liquidity, local news reported on June 24. Citing an official from the shipping industry, the shipper sold part of its rights to Hanjin Transportation, which runs the land transport service under Hanjin Group, during an emergency meeting of the board. The move came after the government and creditors, led by state-run Korea Development Bank, pu
IndustryJune 24, 2016
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U.N. office to unveil report on N. Korea's pretrial detention this year
The U.N. office on North Korea's human rights in Seoul plans to unveil a report on the issue of Pyongyang's pretrial detention this year to highlight the reclusive country's serious rights violations, its head said Friday.Signe Poulsen, a representative of the office, told a forum that the U.N. will "highlight important shortcomings in the legal and institutional infrastructure that governs pretrial detention and make recommendations for concrete changes to protect the rights of detainees." The
North KoreaJune 24, 2016
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[URGENT] Gov’t holds emergency meeting over Brexit worries
[THE INVESTOR] The Ministry of Strategy and Finance called an emergency meeting of economic and financial authorities on June 24 over growing concerns for the UK’s exit from the European Union.The meeting will be held at 2 p.m. in Seoul, and will bring together deputy chiefs of the Finance Ministry, Financial Services Commission, Financial Supervisory Service, Bank of Korea and the chief of the Korea Center for International Finance. Earlier in the day, economy-related government bodies held a c
June 24, 2016
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Koreans' appetite for China stocks subsides after meltdown
Koreans' transactions involving Chinese stocks plunged to $510,000 this year through June 21 from $4.14 million a year earlier, the Korea Securities Depository said Friday. China's stock market was pummeled early this year by growing concerns about its slowing economy. After suffering heavy losses from their investments in Chinese shares, Korea's retail investors have withdrawn some of their assets parked there to avoid further losses. Korean investors poured a total of $4.29 million into Chines
June 24, 2016
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Former world judo champ Wang Ki-chun to retire
Former world judo champion Wang Ki-chun on Friday said he plans to retire from international competition and prepare for a coaching career.Wang said he will end his national team career and work as a coach starting next year. He didn't qualify for the Rio de Janeiro Olympics to be held in August. (Yonhap)"I decided to retire (from national team) after the Olympics trials," he told Yonhap News Agency via phone. "My records with the national team are now all in the past. I will take on a new chall
More SportsJune 24, 2016
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Korea's terms of trade improves in May
South Korea's terms of trade improved from a year earlier in May due to steeper declines in import prices compared to drops in export prices, central bank data showed Friday. The terms of trade index for products came to 101.73 last month, compared with 100.75 a year earlier, according to preliminary data from the Bank of Korea. The index measures the amount of imports a country can purchase for each unit of its exports, showing how the country's exports are doing in comparison with those of ot
June 24, 2016
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S. Korea to keep sanctions on N. Korea until they show effect: ministry
South Korea will use sanctions against North Korea until they succeed in discouraging Pyongyang's development of nuclear weapons, its foreign ministry said Friday.The pledge comes two days after North Korea test-fired two intermediate-range ballistic missiles in defiance of international sanctions designed to deter its development of nuclear weapons and their delivery systems."We will consistently implement sanctions against North Korea over a sufficient timeframe until they have an effect, base
Diplomatic CircuitJune 24, 2016
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Baseball club on verge of releasing ex-big league pitcher
Korean baseball club Hanwha Eagles said Friday they've asked the league office to place former big leaguer pitcher Esmil Rogers on waivers in the aftermath of a fiasco surrounding his injury status.Once the Korea Baseball Organization accepts the Eagles' request, it will put an end to a bizarre saga of Rogers' ailing elbow.(Yonhap)Rogers, who joined the Eagles last summer with 210 major league games under his belt, hasn't pitched since June 4 with an elbow injury. The Eagles had been preparing t
BaseballJune 24, 2016
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Dodgers' Ryu Hyun-jin roughed up in minor league rehab start
Ryu Hyun-jin of the Los Angeles Dodgers got roughed up in his latest minor league rehab start.Pitching for Triple-A Oklahoma City Dodgers against the Round Rock Express, the left-hander was touched for eight runs -- five earned -- on 10 hits in four innings in Oklahoma City on Thursday (local time). The Korean also allowed two home runs while striking out four. (Yonhap)Ryu underwent surgery to repair a torn labrum in his pitching shoulder in May last year and missed the entire 2015 season. This
BaseballJune 24, 2016