Most Popular
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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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College is expensive? In S. Korea, English preschools cost much more
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[Hello India] Hyundai Motor inches closer to IPO in India
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[Exclusive] Texas development exec shuts down layoff rumors at Samsung chip plant
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Panel decision put prosecution in dilemma over Dior bag case
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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'Gyeongseong Creature Season 2': faster and ready to confront past
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2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
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Global drama stars gather for 2024 Seoul International Drama Awards
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Tokyo governor resigns over spending scandal
TOKYO (AFP) -- The governor of Tokyo resigned Wednesday over spending public money on lavish hotels and spa trips, the latest setback on the mega-city's troubled road to hosting the 2020 Olympics.Unpopular Yoichi Masuzoe fell on his sword just hours before facing a no-confidence vote, making him the city's second governor to quit since Tokyo was named host of the 2020 summer games.Masuzoe's predecessor Naoki Inose -- who led the capital's successful Olympic bid -- bowed out in late 2013 after al
World NewsJune 15, 2016
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N. Korea, Kim Jong-un biggest threat to U.S. Pacific Command: admiral
HONOLULU (Yonhap) -- North Korea and the country's leader Kim Jong-un are the biggest sources of threat from the perspective of the United States' military command responsible for the Indo-Asia-Pacific region, a U.S. defense official said, vowing that Washington will not allow Kim to destabilize regional security.The comments were made by Rear Adm. Mark Montgomery, director for operations at the U.S Pacific Command in Honolulu, Hawaii, during his meeting with a group of South Korean journalists
North KoreaJune 15, 2016
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Chinese spy ship entered Japan waters: Tokyo
TOKYO (AFP) -- A Chinese spy ship entered Japan's territorial waters on Wednesday as Tokyo conducted a joint exercise with the United States and India, Japanese officials said.Japan quickly voiced "concerns" over the intrusion as it came less than a week after another Chinese naval vessel sailed near islands at the centre of a Tokyo-Beijing sovereignty dispute in the East China Sea."The Chinese military vessel moved in after an Indian ship sailed into Japan's territorial waters as it participate
World NewsJune 15, 2016
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French president threatens ban on demos after Paris violence
PARIS (AFP) -- French President Francois Hollande on Wednesday threatened to ban demonstrations, the day after violent protests in Paris over labour reforms that the government vowed to push through regardless."At a time when France is hosting the Euro (football tournament), when it is faced with terrorism, demonstrations can no longer be authorised if property and people and public property cannot be safeguarded," Hollande's spokesman Stephane Le Foll told a cabinet meeting.Earlier, a defiant P
World NewsJune 15, 2016
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Very hot drinks 'probably' cause cancer: U.N. agency
PARIS (AFP) -- Drinking very hot coffee and other drinks "probably" causes cancer of the oesophagus, a UN agency said Wednesday, but lifted suspicion from a cup of joe at "normal serving temperatures".For some types of cancer, there were hints that coffee may even be beneficial, said the International Agency for Research on Cancer -- but not if consumed hotter than 65 degrees Celsius.A review of over 1,000 studies concluded that drinking "very hot" beverages was "probably carcinogenic to humans,
World NewsJune 15, 2016
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Kerry tells Russia U.S. patience on Syria 'very limited'
OSLO (AFP) -- US Secretary of State John Kerry warned Russia on Wednesday that US patience on the Syria conflict and the issue of President Bashar al-Assad's fate is running out."Russia needs to understand that our patience is not infinite, in fact it is very limited with whether or not Assad is going to be held accountable," Kerry said during a visit to Norway."We also are prepared to hold accountable members of the opposition" who have been involved in continuing violence, he said after a meet
World NewsJune 15, 2016
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French police alerted to possible arrival of fighters
PARIS (AP) -- French police and anti-terrorism investigators have been alerted to the possibility that small groups of extremists have left Syria for France and Belgium with plans to stage attacks.Belgian intelligence services sent a note to French counterparts about the possible groups, and it was sent to police across France on Tuesday, a French security official said Wednesday. French authorities remain "very cautious" about the information because they receive such notes routinely, the offic
World NewsJune 15, 2016
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Advocacy group accuses U.N. of not being neutral in Syria
BEIRUT (AP) -- An international advocacy group accused the United Nations on Wednesday of not being neutral in the Syrian conflict, claiming that the world body is prioritizing its relationship with the Damascus government over delivering aid to civilians. The Beirut-based Syria Campaign said in a scathing report that the U.N. has "allowed the Syrian government to direct aid from Damascus almost exclusively into its territories," at the expense of establishing regular aid access to hundreds of
World NewsJune 15, 2016
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Diplomat: NATO poised to extend Afghanistan mission
BRUSSELS (AP) -- NATO allies will likely agree next month to extend the Afghanistan training mission and keep troops in all four sections of the country next year, a senior NATO diplomat said Wednesday, leaving the door open for the U.S. to maintain current troops levels if the Obama administration decides it's necessary,Under current plans, the U.S. will cut its troop numbers from 9,800 to 5,500 by the end of 2016. But in the face of a resurgent Taliban, former commanders have urged President B
World NewsJune 15, 2016
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After quiet night, Lille prepares fans clashing at Euro 2016
LILLE, France (AP) -- After an unexpectedly quiet night in Lille, Russian and Slovakian fans are gathering at the Stade Pierre Mauroy for Wednesday afternoon's European Championship match while a legion of English and Welsh supporters are still in town.In the morning hours, dozens of Russian and Slovakian fans were peacefully walking the streets in the Villeneuve d'Ascq area, a 10-minute walk from the stadium. (Yonhap)Security forces were in place, with 15 police vehicles lined up along the dist
SoccerJune 15, 2016
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Obama, Dalai Lama to meet at White House on Wednesday
WASHINGTON (AP) -- President Barack Obama will meet at the White House Wednesday with the Dalai Lama in a get-together the Chinese government assailed.Obama had been scheduled to travel to Wisconsin to appear at a campaign event with presumptive Democratic presidential nominee Hillary Clinton. But the event was postponed after Sunday's shooting at an Orlando, Florida, nightclub that left 50 people dead, including the gunman.That created a hole in Obama's schedule, and the White House filled it w
World NewsJune 15, 2016
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S. Korea, France defense chiefs to discuss joint sanctions efforts against N.K.
SEOUL/PARIS (Yonhap) -- South Korea's Defense Minister Han Min-koo and his French counterpart Jean-Yves Le Drian plan to delve into how they could jointly act to tighten the screws on a defiant North Korea as well as ways to boost bilateral collaboration when they meet for talks on Wednesday, the defense ministry said.The defense ministers are scheduled to hold a meeting from 4:30 p.m. in Paris at the headquarters of the French defense ministry, the first full-length defense ministers' talks bet
DefenseJune 15, 2016
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AMOLED display to become cheaper than LCD next year
[THE INVESTOR] The price of active-matrix organic light-emitting diodes, or AMOLED, for mobile devices is expected to drop below that of a liquid crystal display, according to market research firm IHS on June 15.A 5.5-inch AMOLED display, currently priced at $34, is expected to become cheaper at $25 to $28. But liquid cystal display, or LCD, prices will remain flat at around $26 to $29 in the first quarter next year, IHS said.Samsung Display’s improved production capacity is one of the biggest c
TechnologyJune 15, 2016
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China vows to ensure full implementation of U.N. sanctions against N.K,
BEIJING (Yonhap) -- China's foreign ministry said Wednesday that it has been working to ensure a full implementation of U.N. sanctions against North Korea over its nuclear and missile programs, a day after the country decided to ban exports of more goods that could be used for military purposes by Pyongyang.In line with the latest U.N. resolution to punish North Korea for conducting its fourth nuclear test in January this year, China's commerce ministry announced the decision on Tuesday evening,
North KoreaJune 15, 2016
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Mando bond issuance projected to earn W510b.
[THE INVESTOR] The demand projection for corporate bonds to be issued by Halla Group’s Mando Corp. reached 510 billion won ($433.2 million). The amount was five times more than the estimated issuance target, according to financial sources on June 15. The projection was made to review the demand for 100 billion won worth of 3-year corporate bonds.The Korean parts-maker Mando made headlines after it was reported it would partner with Tesla Motors to jointly develop key technologies for the automak
June 15, 2016
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Coast Guard to request arrest writs for Chinese boats' crew over illegal fishing
INCHEON (Yonhap) -- South Korea's Coast Guard said Wednesday it will request warrants to formally arrest the captains and senior crew members of two Chinese fishing boats that were seized while operating illegally in the neutral waters between two Koreas earlier this week.The country's military police captured the boats in the neutral waters of the Han River estuary on Tuesday and turned them over to the Coast Guard. It was the first time Chinese boats were captured in the area since the South K
Social AffairsJune 15, 2016
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Auditor detects huge DSME accounting manipulation
Daewoo Shipbuilding and Marine Engineering’s current difficulties were fueled by neglect by its biggest shareholder Korea Development Bank, the Board of Audit and Inspection announced on Wednesday. According to the BAI, the state-run bank neglected its duty in monitoring the shipbuilder’s accounts and financial stability. The KDB holds 49.7 percent of DSME, making it the biggest shareholder as well as the shipbuilder’s main creditor. DSME's Okpo Shipyard in Geoje, South Gyeongsang Province (Yonh
Latest NewsJune 15, 2016
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Banks cut maturity on loans to Samsung Heavy
[THE INVESTOR] KB Kookmin Bank shortened the maturity on short term loans to Samsung Heavy Industries on June 15. In giving the shipbuilder an extension on 1-year maturity loans, the bank cut the payback period to three months. Samsung Heavy’s loan from KB Kookmin is 100 billion won ($85.2 million).The move is thought to reflect the difficulties the shipbuilder has been facing as orders dry up for some of Korea’s largest shipyards. Samsung Heavy Industries.Shinhan Bank is also reported to be co
June 15, 2016
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Facebook, Microsoft to help local start-ups’ global expansion
[THE INVESTOR] Major American companies such as Facebook, Microsoft and IBM as well as the South Korean government have joined in efforts to help local start-ups gain a foothold in the U.S. Members of the American Chamber of Commerce in Korea held a ceremony on June 14 to mark the launch of the “Global Leading Companies Mentoring Startups” campaign, in partnership with the Ministry of Science, ICT and Future Planning. A total of 33 companies participated in the event, including 19 AMCHAM memb
June 15, 2016