Most Popular
-
1
NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
-
2
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
3
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
4
Panel decision put prosecution in dilemma over Dior bag case
-
5
Korea to face another massive shortfall in tax revenue
-
6
2025 Trend Forecast: Small details, new happiness trend amid sluggish economy
-
7
Global drama stars gather for 2024 Seoul International Drama Awards
-
8
SK hynix outpaces Samsung, Micron with more powerful AI chips
-
9
Power of nostalgia brings K-pop legends back together
-
10
North Korea unveiling uranium enrichment site a US election-conscious move: NIS
-
Back to back: Dutch expo reveals art‘s surprising side
THE HAGUE (AFP) -- For centuries many have pondered what lies behind the Mona Lisa’s enigmatic smile, but it was more of a rhetorical question. Now art lovers can literally discover what the back of Da Vinci’s masterpiece looks like.In a unique and quirky Dutch exhibition, Brazilian artist Vik Muniz displays about 15 painstakingly recreated exact reproductions of the backs of some of the world’s most famous paintings.There’s Vincent Van Gogh’s “Starry Night” leaning facing the wall across the ro
PerformanceJune 14, 2016
-
Ancient urban networks around Angkor Wat discovered
LONDON (AP) -- An Australian archaeologist says he and colleagues have found evidence of previously undiscovered medieval urban and agricultural networks surrounding the ancient city of Angkor Wat.Using high-tech lasers to scan the Cambodian jungle, Damian Evans and colleagues say they found traces of extensive networks surrounding the monumental stone temple complex at Angkor Wat. Evans said their findings could further our understanding of Khmer culture and throw into question traditional assu
CultureJune 14, 2016
-
Big Bang’s 'Loser' MV records 100 million views
Big Bang, an award-winning K-pop boy band, hit 100 million YouTube views with “Loser,” the group’s agency YG Entertainment announced Tuesday. By Tuesday morning, the music video recorded 100,002,839 views on YouTube. The group became the first K-pop outfit to have four music videos surpassing 100 million views on YouTube. “Fantastic Baby,” “Bang Bang Bang,” and “Good Boy” by its subgroup GD&Taeyang, are the three other music videos with over 100 million views. A still from Big Bang’s “Loser” mus
PerformanceJune 14, 2016
-
Actors vie for Song Joong-ki's Asian heartthrob throne
Since the smash-hit drama series “Descendants of the Sun” ended its 16-part run, speculation has abounded as to who is to succeed Song Joong-ki -- who played dashing Army Capt. Yoo Si-jin -- as Asia’s next leading heartthrob. From medical dramas to period pieces, an ambitious roster of TV shows starring some of the country’s most in-demand male leads are scheduled to launch in the coming months.Actor Kim Rae-won in “Punch” (SBS) First up is the SBS show “Doctors,” featuring actor Kim Rae-won as
TelevisionJune 14, 2016
-
[LOTTE CRISIS] M&A possibly behind Lotte’s alleged embezzlement
[THE INVESTOR] South Korea’s fifth-largest conglomerate Lotte Group is being probed by the Seoul Central Prosecutor’s office on allegations of embezzlement and new discoveries are being dug up. Prosecutors currently speculate that there could have been 300 billion won ($260 million) worth of embezzled money derived from the acquisition of China-based home shopping network Lucky Pai in 2010, reported a media outlet. Lotte acquired the then heavily indebted network with funds from its retail arms
MobilityJune 14, 2016
-
[INTERVIEW] Korea’s pension behemoth eyes alternative investments
[THE INVESTOR] South Korea’s public pension fund will keep increasing alternative investments and reduce local equities in the long term, as the behemoth’s snowballing assets will be too large for the domestic stock market, its chief investment officer has said.The National Pension Service, which manages about 524 trillion won ($450 billion) collected from 21 million Korean subscribers, is a significant client for leading asset managers around the world, who are hunting attractive real estate, i
June 14, 2016
-
S. Korea's defense chief heads to France to expand cooperation, discuss N. Korea
South Korea's Defense Minister Han Min-koo departed for France for a three-day visit to the European country where he plans to hold talks on North Korea and ways to expand bilateral defense cooperation measures, the ministry said Tuesday.During the visit, Han will meet with France's Defense Minister Jean-Yves Le Drian on Wednesday.Han's visit to France, that runs through Thursday, comes at the invitation of Paris which expressed a wish to discuss "practical" measures to further strengthen bilate
DefenseJune 14, 2016
-
N. Korea putting up slogans to idolize Kim Jong-un
North Korea has placed a large number of propaganda slogans and catchphrases all over the country to help build up the personality cult of its leader Kim Jong-un.Detailed examination by Yonhap News Agency of some 1,000 pictures taken from May 4 to 24 in Pyongyang and Sinuiju, revealed that the reclusive country is focusing on idolizing Kim. The photos were obtained by Yonhap through a third source.The incumbent leader took power following the sudden death of his father in late 2011.The communist
North KoreaJune 14, 2016
-
Park calls for continued effort to push forward public sector reform
President Park Geun-hye on Tuesday called for continued effort to revamp the public sector, reiterating that it is the "starting point" for inducing reform in the private sector. During a meeting with government ministers, heads of state-run firms and public organizations, Park also urged them to make an "all-out" effort to establish a performance-focused work environment that moves away from the deep-rooted culture favoring seniority, and retool their organizations to focus on key functions."(I
June 14, 2016
-
Korea to downsize energy-developing corporations
The South Korean government said Tuesday that it will downsize state-run energy and resource development companies and open the power supply market to the private sector as part of its industry-wide corporate restructuring efforts to increase adaptability to a global low oil price trend.The Ministry of Strategy and Finance and the Ministry of Trade, Industry and Energy unveiled a set of restructuring plans for public firms at a workshop presided over by Deputy Prime Minister Yoo Il-ho in Seoul.
IndustryJune 14, 2016
-
Korea's national assets grow 6.7% on-year in 2015
South Korea's total assets continued to grow from a year earlier in 2015 on a large increase in nonfinancial assets, central bank data showed Tuesday.As of the end of 2015, the country's national assets came to 12,359.5 trillion won ($10.54 trillion), up 6.7 percent from a year earlier, according to preliminary data from the Bank of Korea.The 2015 tally is 7.9 times higher than the country's nominal gross domestic product for the same year.The increase, however, came mostly from a rise in nonfin
June 14, 2016
-
Tension rises ahead of new airport site selection
Political tension and regional rivalry are rising in South Korea as the government is slated to announce the site for a new airport in the southeastern part of the country soon.According to the Ministry of Land, Infrastructure and Transport Tuesday, ADPI, a French company specialized in airport architecture and engineering, is slated to unveil the location of the new airport before June 24, ending a decade-long political and regional conflict. The Ministry of Land, Infrastructure and Transport i
IndustryJune 14, 2016
-
Commercial banks resort to emergency measures to keep money flowing
South Korea's major commercial banks are going all out to keep customers from leaving, market observers said Tuesday, apparently as many have already left for non-bank financial institutions in search of higher interest returns on their deposits.Commercial banks generally continue to enjoy the largest share of savings customers as they are often considered the safest and the last to collapse among all financial institutions that offer interest on deposits, including savings banks, insurance firm
June 14, 2016
-
Korean institutions bought W8 tln of offshore properties in 2015
South Korean institutions invested more than 8 trillion won ($6.8 billion) in overseas properties last year as they sought stable investment gains away from low growth and rates at home, a global real estate consultancy said Tuesday.In 2015, institutional investors spent a combined 8.27 trillion won on stakes in real estate outside the country, up sharply from 327.6 billion won in 2007, according to CBRE Korea, the Korean operations of Los Angeles real estate services firm CBRE Group Inc. "Insti
June 14, 2016
-
Park expresses deep condolences over Florida shooting victims
President Park Geun-hye on Tuesday expressed her "deep" condolences to the victims of the recent shooting rampage in Florida and their families, noting that acts of terrorism cannot be justified for any reason.In a letter to U.S. President Barack Obama, Park said that "South Korea will be with the U.S." in the process of overcoming the shock and sorrow caused by the deadly incident that killed at least 50 people."We pray for the souls of the victims, and extend my and our citizens' deep condolen
InternationalJune 14, 2016
-
Lotte probe expands, more affiliates raided
[THE INVESTOR] The corruption probe into Lotte Group continues to expand with the prosecution raiding Lotte Chemical Corp. and Lotte Engineering and Construction on June 14. In the early hours of Tuesday, the Seoul Central District Prosecutors’ Office raided the two companies in southern Seoul. The prosecution, which conducted a mass raid on 17 Lotte-related locations on June 10, is reported to have reasons to believe that the two companies were instrumental in the founding family’s illegal acti
MobilityJune 14, 2016
-
Strong IPO pipeline for 2nd half of 2016
[THE INVESTOR] Korea’s stock market will see mega initial public offerings during the second half this year with subsidiaries of large conglomerates like Samsung and Lotte poised to fuel the IPO market. Given that companies commonly push for public listing after posting half-year earnings in June, more deals will fill up this year’s upcoming IPO calendar, following the robust first half, thanks to the stock market that is recovering from negative sentiments.As of June 8, a total of 15 companies
June 14, 2016