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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College is expensive? In S. Korea, English preschools cost much more
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[Kim Hoo-ran] Dedication, perseverance pay off
As a mother of two, I feel guilty and responsible for the staggering youth unemployment rate. The hopelessness and the desperation expressed by many of today’s young Koreans trouble me deeply. Seeing young people doing their best in whatever position life has landed them in moves me and inspires me. It must be a sign of getting old that I want to do something to make their day a little better when I see them try so hard. Just the other day, I was looking at a box of doughnuts and mochi, Japanese
ViewpointsJune 22, 2016
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Smithsonian to host 1st major US Quran exhibition
WASHINGTON (AP) --The Quran, revered by Muslims, is the centerpiece of a first-of-its-kind exhibition in the United States as the Smithsonian displays exquisitely decorated manuscripts from one of the top Quran collections.The Smithsonian’s Arthur M. Sackler Gallery announced Tuesday that “The Art of the Qur’an: Treasures from the Museum of Turkish and Islamic Arts” will bring 48 manuscripts and folios from the museum in Istanbul together with manuscripts from the collection of the Sackler and F
CultureJune 22, 2016
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Ancient sarcophagus covers returned to Egypt
CAIRO (AP) -- Two ancient Egyptian sarcophagus covers have been delivered to Cairo’s Egyptian Museum after they surfaced at an auction in Israel.Antiquities Minister Khaled el-Anani says the colorful wooden covers, decorated with hieroglyphics and illustrations, were recovered after they went on sale in 2012 and arrived at the museum Tuesday following cooperation between the two countries and Interpol. Egyptian antiquities officials uncrate a sarcophagus cover on its arrival to the Egyptian Muse
CultureJune 22, 2016
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[Christopher Balding] China’s ‘global’ currency goes local
Last week’s decision by MSCI not to include Chinese shares in its primary emerging-markets stock index has been viewed — widely and rightly — as a blow to China’s hopes of internationalizing its financial sector. There’s worse news, though: Even the progress China has made thus far is in danger of going into reverse. MSCI’s choice is a sharp contrast to the one made by the International Monetary Fund last December, when it promised to begin including the Chinese yuan in its basket of “special dr
ViewpointsJune 22, 2016
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Parliament speaker, Chinese envoy discuss ways to bolster ties
National Assembly Speaker Chung Sye-kyun on Wednesday held talks with the Chinese ambassador to Seoul and discussed ways to beef up bilateral ties between the two neighboring countries."South Korea and China have been developing their friendship since the establishment of diplomatic ties in 1992. The free trade agreement between the two also helped build up the connection," Chung said during the meeting with Ambassador Qiu Guohong.Chung also said Korea wishes to expand ties with China in various
Diplomatic CircuitJune 22, 2016
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International surfing championship comes to Busan
The 8th Busan Mayor’s Cup International Surfing Championship will take place at Busan’s Haeundae beach from Friday to Sunday. Busan Metropolitan City anticipated more than 400 surfers from five countries would participate in the year’s competition. (KSA)There will be a total of five criteria, including professional surfers’ competition, free competition open for everyone, longboard competition, stand-up paddle racing and an under-13 juniors’ competition.Winners will receive as much as 1 million
More SportsJune 22, 2016
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Korea's Coast Guard stations 5,000-ton patrol ship south of Jeju
Korea's Coast Guard stationed its largest patrol vessel off Jeju Island to better guard its territorial waters and deal with illegal fishing activities, the Ministry of Public Safety and Security said Wednesday.The 5,000-ton cutter named after Lee Cheong-ho -- a Coast Guard officer who was killed on duty in 2011 while dealing with illegal Chinese fishing boats -- will operate south of the resort island and even support operations to Ieodo Ocean Research Station, an unmanned marine science base.
DefenseJune 22, 2016
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Korea eyes measures to counter rising unemployment in H2
South Korea’s Finance Minister Yoo Il-ho said Wednesday the government will devise a new set of economic policies to counter growing uncertainties and difficulties stemming from debt restructuring and decreasing number of jobs in the latter half of this year.In an economic-related ministerial meeting on Wednesday, Minister Yoo said the government needs to prepare for the worst through policy measures as the economy is expected to further deteriorate later this year.“The economy has recently show
June 22, 2016
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Korean biopharma firms rush into IPO market this year
This year will see the largest number of Korean pharmaceutical companies seeking for stock market debuts to raise fresh funds for global market expansion, according to reports on Wednesday. Amid growing market expectations, Green Cross LabCell and ST Pharm got the green light for new listing on the tech-heavy bourse KOSDAQ on Thursday. The two firms are part of a long list of bio companies starting to trade their new shares in the market.In the first half of 2016, five companies went public and
IndustryJune 22, 2016
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Opposition lawmakers propose bill banning texting after work hours
Opposition lawmakers on Wednesday handed in a bill that will ban employers from texting their staff after work hours, amid rising concerns among South Koreans that they are "too connected" to their companies.The so-called KakaoTalk-bill will ban firms from issuing orders through smartphones after regular work hours in order to protect workers' privacy and their time off. KakaoTalk is South Korea's most popular mobile messenger that is used by more than 37 million in the country with a population
Social AffairsJune 22, 2016
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N.K. missile test no more than partial success: top U.S. missile expert
Even though the North's Musudan intermediate-range ballistic missile flew 400 kilometers in the sixth test attempt, the launch is no more than a partial success, a top U.S. missile expert said Wednesday.John Schilling, an aerospace engineer and consultant to the U.S.-Korea Institute's "38 North" website, gave the assessment to Yonhap News Agency, saying the flight distance is still well short of the missile's maximum range and the sixth test came shortly after a fifth test failed."They will very
North KoreaJune 22, 2016
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KEXIM to issue up to W1tr CoCo bonds
[THE INVESTOR] The Export-Import Bank of Korea will issue contingent convertible bonds on June 29.The export credit agency hopes to raise between 700 billion won (US$605 million) to 1 trillion won with the tier 2, 10-year CoCos. The interest rate is expected to be between 2.1 percent and 2.2 percent. A number of organizations including the National Pension Fund are said to have expressed interest in the bonds.The Export-Import Bank of Korea.The move is aimed at securing capital to prepare for th
June 22, 2016