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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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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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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Malnutrition cases nearly triple in last 5 years
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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KFA Chair denies unfair hiring of national coach
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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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N.K. missile success followed flurry of flops
North Korea endured international humiliation with five failed launches in about two months before it finally pulled off what appears to be a successful test of a powerful new midrange missile. Scientists managed to satisfy a direct order from an impatient strongman looking for a credible military backup to his repeated threats to strike his enemies in all corners of Asia. The latest development came Wednesday, with back-to-back launches of what Seoul, Tokyo and Washington believe are Musudan m
North KoreaJune 22, 2016
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Cambodia to expel Taiwanese scam suspects to China
PHNOM PENH, Cambodia (AP) -- Cambodia plans to send 21 Taiwanese arrested for suspected fraud to China instead of the self-ruled island this Friday, a Cambodian official said. Rights activists and Taiwan say the plan reflects the great influence Beijing exercises over Cambodia through aid and investment.Gen. Ouk Haiseila, chief of the Interior Ministry's Immigration Investigation Bureau, said Wednesday the Taiwanese citizens, along with 14 Chinese also arrested this month, will be sent to China
WorldJune 22, 2016
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McIlroy opts out of Rio Olympics over Zika concerns
Golfer Rory McIlroy became one of the most high-profile sports stars to opt out of the Rio de Janeiro Olympics because of concerns about the Zika virus, saying Wednesday it is "a risk I am unwilling to take.""After speaking with those closest to me, I've come to realize that my healtheuroand my family's health comes before anything else," the four-time major winner said in a statement released by his management company. (Yonhap)The fourth-ranked McIlroy was scheduled to play for Ireland as golf
GolfJune 22, 2016
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Outgoing FC Seoul coach says he wants new challenge in China
Outgoing FC Seoul boss Choi Yong-soo said Wednesday he decided to join the Chinese club Jiangsu Suning because he wanted a new challenge by facing top-class football coaches.FC Seoul announced Tuesday that Choi will leave the five-time K League Classic champions for Jiangsu in the Chinese Super League. (Yonhap)Before his last match as Seoul head coach Wednesday, Choi told reporters that he accepted Jiangsu's offer because he didn't want to miss another opportunity.Last July, Choi turned down Jia
SoccerJune 22, 2016
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Gimhae airport was best choice in terms of geography: ADPi chief engineer
The chief engineer of the French engineering company who was in charge of the feasibility study on building a new gateway airport in South Korea said Wednesday that expanding Busan's existing airport was the best choice in terms of geography.Jean-Marie Chevallier of ADPi said Gimhae International Airport will be able to become an efficient and convenient airport with a new 3,200-km-long runway and a passenger terminal.At present the airport has two runways with one being reserved for military pl
PoliticsJune 22, 2016
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S. Korea holds NSC meeting on Pyongyang's missile launch
South Korea convened a session of the National Security Council on Wednesday after North Korea launched what appeared to be two Musudan intermediate-range ballistic missiles from its east coast earlier in the morning.Chaired by National Security Adviser Kim Kwan-jin, the gathering included the defense, unification and foreign ministers, as well as the head of the National Intelligence Service, Seoul's spy agency.During the meeting, the participants discussed various countermeasures in relation t
North KoreaJune 22, 2016
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China's imports of N. Korean goods fall 12.6 pct in May
BEIJING (Yonhap) -- China's imports of North Korean goods fell 12.59 percent on-year in May, data showed Wednesday, amid tougher U.N. sanctions against Pyongyang's nuclear weapons and missile programs.Imports from North Korea declined to $175.6 million last month, compared to $200.9 million for the same month last year, according to Chinese customs data compiled by the Beijing unit of South Korea's Korea Trade and Investment Promotion Agency.Imports of North Korean coal, which accounts for nearl
North KoreaJune 22, 2016
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N.K. nuclear envoy says six-party talks are 'dead'
BEIJING (Yonhap) -- A North Korean nuclear envoy attending a security forum in Beijing said Wednesday that the long-stalled negotiations on the North's nuclear weapons program are "dead," dashing hope that Pyongyang might change its course on its nuclear ambition. Choe Son-hui, deputy director for North American affairs at North Korea's foreign ministry and the North's deputy chief nuclear envoy, made the remarks during the closed-door forum, according to a diplomatic source who attended the for
North KoreaJune 22, 2016
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Kaesong firms pressure Seoul to approve N.K. visit
South Korean firms suffering snowballing financial damage from the shutdown of an inter-Korean industrial complex four months ago urged the government on Wednesday to allow them to visit North Korea to check their remaining assets before the rainy season. Seoul shut down the Kaesong Industrial Complex in the North's border city on Feb. 10 in response to Pyongyang's January nuclear test and long-range rocket launch in February.With the Kaesong investors' losses mounting, the government last month
North KoreaJune 22, 2016
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NongHyup Bank to set aside more loan-loss funds
[THE INVESTOR] NongHyup Bank, Korea’s second-largest bank by assets, will set aside loan-loss provisions of up to 1.7 trillion won (US$1.47 billion) this year to address its heavy exposure to debt-laden shipping and shipbuilding companies, the company said on June 22.The lender said it would make a ”big bath“ provision to improve its asset quality as loans that the bank extended to troubled companies, including Dewoo Shipbuilding & Marine Engineering, may turn sour. Big bath provision indicates
June 22, 2016
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Assembly of Hyundai commercial cars in Algeria to begin in July
[THE INVESTOR] Hyundai Motor announced on June 22 that a commercial vehicle assembly line in Algeria, and that the facility will being production next month. The facility was built by Global Motors, Hyundai’s commercial vehicle vendor in Algeria.The US$63 million facility will assemble knockdown kits of Hyundai’s commercial vehicles including Mighty and Trago. The facility’s annual production capacity is 15,000 units. Mighty.The facility was built to bypass tougher regulations on imported vehicl
MobilityJune 22, 2016
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Kolmar Korea to build second Chinese plant
[THE INVESTOR] Kolmar Korea announced on June 22 that it has signed an agreement to build its second plant in Wuxi, Jiangsu Province. The new plant will boost Kolmar Korea’s production capacity in China to 520 million cosmetics products per year. The company currently operates a plant in the Beijing area. According to the agreement, signed with the government of Wuxi New District, Kolmar Korea will invest US$30 million to build a new plant. The new plant will be designed to have an annual produc
IndustryJune 22, 2016
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Seaspan chairman demands liquidity injection from Hanjin
[THE INVESTOR] The world’s largest container ship operator Seaspan has demanded Hanjin Group chairman Cho Yang-ho to dip into his private coffers to normalize Hanjin Shipping.“Hanjin Shipping without a liquidity injection from controlling shareholder, the Cho family and the Korea Development Bank will have a very challenging road ahead,” Seaspan CEO Gerry Wang told Splash 24/7 in an interview on June 21. “It is a well run company which hit liquidity snags due to market conditions.” Splash 24/7 i
IndustryJune 22, 2016
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[Graphic News] Lotte most active in M&A
Korea’s retail giant Lotte Group topped the ranking for making mergers and acquisitions deals over the past six years, data showed Tuesday. According to corporate tracker CEO Score, Lotte took over a total of 21 companies through M&A deals from 2010 to 2015. The size of the deals amounted to $6.5 billion, accounting for 20 percent of total M&A deals made by the top 30 conglomerates. Lotte Group chairman Shin Dong-bin has aggressively pushed for the deals since 2004, completing 36 such deals so f
IndustryJune 22, 2016
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Graphic warnings to appear on all cigarette packs from Dec. 23
Most cigarette packs sold in South Korea will carry graphic health warning labels on them starting on Dec. 23, in a move to promote people's health, the government said Wednesday.The government has recently passed a law to introduce a total of 10 graphic health warnings to be placed on the upper part of both sides of a cigarette packet. The photos are required to cover more than 30 percent of both sides of a packet, according to the Ministry of Health and Welfare. (Ministry of Health and Welfar
IndustryJune 22, 2016
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Upcoming after-work cultural shows at Seoul Plaza
Free cultural performances will be offered at the grass-covered plaza in front of Seoul City Hall from Saturday to September.The Seoul Metropolitan City said on Wednesday it will create a 13-meter-tall stage at the open space for office workers to enjoy cultural activities daily at 7 p.m. (Seoul Metropolitan City)There are likely to be performances across genres including classical music, Korean traditional music, hip-hop and tango, among others. An 80-minute circus parade will take place on Sat
CultureJune 22, 2016