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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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Panel decision put prosecution in dilemma over Dior bag case
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Korea to face another massive shortfall in tax revenue
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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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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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[DECODED: Mirae Asset] Park Hyeon-joo’s men
[THE INVESTOR] Park Hyeon-joo is recognized as the brains behind the launch of Mirae Asset, one of Korea’s first asset managers to launch mutual and real estate trust funds in the country. Park Hyeon-jooAs the founder and chairman of the firm, Park -- a graduate of Korea University in business administration -- worked his way up the corporate ladder in brokerages, and gained keen trading sensibility. But like any great entrepreneur who has changed the world, Park was not alone in his quest for f
IndustryJune 13, 2016
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Line’s IPO might burden Naver: analysts
[THE INVESTOR] July’s stock debut of Tokyo-based Line Corp., the mobile messenger platform owned by Korean portal Naver Corp., could be a burden for the tech giant initially, market watchers say, but it would likely benefit Naver’s share price down the road. Line on Friday announced that it is seeking to sell 35 million new shares through its initial public offering, raising as much as 113 billion yen ($1.06 billion). The new shares, which will be offered at 2,800 yen per share, will begin tradi
TechnologyJune 13, 2016
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Ditto Festival to push the limits with homage to Beethoven
The annual Ditto Festival is returning for its 10th season backed by its founder and music director, violist Richard Yongjae O’Neill, who says this year’s festivities are all about paying homage to one of the heroes of humanity with its theme “Beethoven: Beyond the Limits.” The Ditto Festival officially opened its curtains on Sunday with a special performance by Latvian violinist Gidon Kremer and French pianist Lucas Debargue during the duo’s Asia Tour, marking the first recital program Kremer h
PerformanceJune 13, 2016
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Seoul stocks fall almost 2% on Brexit woes
South Korean stocks dipped by almost 2 percent to a two-week low on Monday as investors scrambled for safe havens ahead of the Federal Reserve meeting slated this week and rising concerns over Britain's exit from the European Union.The Korean won sharply lost against the U.S. dollar.The benchmark Korea Composite Stock Price Index plunged 38.57 points, or 1.91 percent, to close at 1,979.06, marking the biggest intraday loss in four months. Trade volume was moderate at 437.22 million shares worth
June 13, 2016
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Street music, K-pop and programmed busking
While the tradition of busking -- performing music outdoors for passersby -- is appreciated as a spontaneous display of creativity unique to indie musicians, a growing number of K-pop groups are straying from the confines of their scrupulously set stages to roam the streets. Live outdoor performances allow management-led singers to show off their talents, display a more carefree side, stripped of K-pop’s notoriously choreographed stage sequences, and bond with the crowd. In addition, with live
PerformanceJune 13, 2016
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Budget carrier Jin Air under probe for emergency landing in Japan
A Jin Air flight made an emergency landing in Japan with no injuries, said Jin Air Co., the budget unit of Korean Air Lines Co., on Monday. The pilot of the Boeing 737-800 realized there was a hydraulic system malfunction about 9:30 a.m., a failure that kept its landing gear from being lowered, a company official said.The pilot made an emergency call to the control tower in Kansai International Airport in Osaka as he manually lowered the gear for the landing, she said. She asked not to be identi
IndustryJune 13, 2016
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Military info leaked in N. Korea's cyberattack: Seoul policy
South Korean police said Monday North Korea had penetrated into the internal networks of the affiliates of two local conglomerates and stole and subsequently deleted some 42,000 documents, including some containing military information.According to the National Police Agency (NPA), in July 2014 the North started hacking the networks of South Korean telecoms giant SK Group and the Hanjin Group which has the country's top flag carrier Korean Air Lines Co. under its wing. Korean Air makes parts for
DefenseJune 13, 2016
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Wildcat maritime choppers arrive in Korea
South Korea received its first batch of Wildcat choppers made by British helicopter manufacturer AgustaWestland on Monday with the Navy aiming to deploy them to frontline units by the middle of next year.The four AW159 Wildcat combat helicopters will be deployed after undergoing a series of tests on functions, according to the Navy. Seoul plans to take delivery of four more Wildcats at the end of this year.The chopper, known to be equipped with an active electronically scanned array radar, is ca
DefenseJune 13, 2016
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Broadway best honor Orlando victims at Tony Awards
NEW YORK (AFP) -- The Tony Awards, the biggest night in Broadway, dedicated its star-studded ceremony to the victims of the Orlando massacre, the deadliest terror attack in America since Sept. 11, 2001.Fifty people died when a heavily-armed gunman opened fire and seized hostages at a popular gay nightclub in the Florida city before the attacker was shot dead by a police SWAT team.“Our hearts go out to all of those affected by that atrocity,” said host James Corden in his opening monologue, weari
PerformanceJune 13, 2016
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Ulterior motives behind the mass Lotte-raid?
Lotte Group’s shareholding structure -- dominated by Japanese entities -- and its wrongdoings during the previous administration are behind the prosecution’s raid on the conglomerate, local news outlets have alleged since the June 10 raid.The Seoul Central District Prosecutors’ Office carried out simultaneous raids on 17 locations linked to the group including Lotte Group headquarters, and the homes of a number of key executives.The office of Lotte Group founder Shin Kyuk-ho and chairman Shin Do
MobilityJune 13, 2016
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Policeman arrested for rape of fellow officer
A police corporal has been arrested for alleged sexual assault of a fellow female officer, the Gyeongbuk Provincial Police Agency said Monday. The police said the corporal is accused of raping the victim inside a vehicle while she was unable to resist due to intoxication by alcohol. (Yonhap)The assault had reportedly taken place at the end of May, after which the accused was transferred to another station, his crime not having been revealed to his peers.He was only removed from his position in J
Social AffairsJune 13, 2016
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Actress fined for prostitution trip
A Korean actress who had went abroad for a prostitution expedition was fined 2 million won ($1,700), Seoul Central District Court confirmed Monday. The accused had earlier filed for an official trial to counter the penalty, but withdrew the bid on June 3. (123RF)Prostitution is illegal under South Korean law. The actress was given a summary indictment for signing a deal with an entertainment agency head who promised financial returns on condition for sex provided to a Korean-American businessma
Social AffairsJune 13, 2016
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Piano star Tharaud finds freedom in saying no
NEW YORK (AFP) - What makes a great musician? Passion and practice, most would agree. Acclaimed French pianist Alexandre Tharaud would add another vital trait -- knowing when to take a break.Tharaud took a rare step for a top-level classical musician of stepping away from concerts for nearly a year as he devoted himself to Bach’s famously challenging Goldberg Variations.“It is very important to be able to say no. In this profession you can easily perform constantly. But what would be the point?”
PerformanceJune 13, 2016
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Russia showcases flamboyant Ballets Russes designer Leon Bakst
MOSCOW (AFP) - The exotic stage and costume designs of Russian-born designer Leon Bakst, made famous at the Ballets Russes, are on display in a major retrospective in Moscow which examines his shock impact on fashion and theatre.The exhibition which opened last week at the Pushkin Museum of Fine Arts features around 250 works by the designer, born 150 years ago.“This exhibition is unprecedented, with works from around 30 Russian and Western collections -- both private and public,” said Marina Lo
PerformanceJune 13, 2016
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4Minute disbands after 7 years
K-pop girl group 4Minute may not stay together when the members’ contracts with agency Cube Entertainment end around mid-June, local media reported Monday, quoting industry insiders.Only Kim Hyun-a, better known by her stage name HyunA, has renewed her contract, as the other bandmates are still discussing whether to renew or leave the agency.“Each member has a different career goal in mind and it was considered difficult to remain a team,” said the industry insider.News of the group’s possible d
PerformanceJune 13, 2016
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Korea lags behind conflict-prone countries in defense budget-GDP ratio: data
South Korea spends relatively less than other countries facing similar security situations in terms of its defense budget to gross domestic product ratio, data showed Monday, as the government is making a case for more money to be allocated to cope with heightened tensions on the Korean Peninsula. According to the data compiled by the defense ministry for a promotional magazine, South Korea spent $36.4 billion last year, which was equal to 2.42 percent of its annual GDP. The ratio stayed relativ
DefenseJune 13, 2016
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‘Hamilton’ musical tickets going for jaw-dropping $6,000
NEW YORK (AFP) - Tickets to the smash-hit Broadway musical “Hamilton” are going for record-breaking prices -- skyrocketing to more than $6,000 apiece.Fans are shelling out to see the July 9 final performance of Lin-Manuel Miranda, the show‘s creator and current leading actor. Since debuting in July 2015, the musical focused on America’s founding fathers has won fans as high-profile as U.S. President Barack Obama and swiftly become Broadway's most popular.“We’re calling ‘Hamilton’ the cultural eq
PerformanceJune 13, 2016
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One out of five elementary schools has less than 10 new students this year
One out of every five elementary schools in the country has less than 10 new students this year due to a decrease in the number of children, education ministry-related data showed Monday.According to the school information website under the ministry-affiliated Korea Education and Research Information Service, 1,395 elementary schools in the country accepted less than 10 first year students. This is equal to 22 percent of the 6,218 elementary schools checked. The drop is attributed to the low bir
Social AffairsJune 13, 2016