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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Approximately 20 killed in Florida club shooting
ORLANDO -- A gunman wielding an assault-type rifle and a handgun took hostages and opened fire inside a crowded Florida nightclub, killing approximately 20 people dead and wounding 42 others before dying in a gunfight with SWAT officers, police said Sunday.Police Chief John Mina also said the shooter had some sort of “suspicious device.'' He said the suspect exchanged gunfire with an officer working at the club around 2 a.m., then went back inside and took hostages. Around 5 a.m., authorities se
InternationalJune 12, 2016
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Explosion injures four at Shanghai airport
SHANGHAI - A blast caused by "home-made" explosives injured four people and sparked a major security alert at the main international airport in China's commercial hub of Shanghai on Sunday, according to the operator and state media.The blast at Pudong Airport occurred near the check-in counter of Terminal Two in mid-afternoon, according to a statement on the official microblog of the Shanghai Airport Authority.The official Xinhua news agency, citing authorities, said a "home-made explosive" blew
InternationalJune 12, 2016
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ASEAN promotes ecotourism at seminar
The ASEAN-Korea Center last week held a seminar to explore opportunities and challenges in ecotourism in Southeast Asia, a region that aims to foster sustainable and inclusive travel.Part of the second ASEAN-Korea Tourism Development Workshop, the venue gathered over 100 representatives from the government, private sector and academia to discuss recent trends and possibilities in the industry. The Association of Southeast Asian Nations is promoting a form of tourism environmentally nondestructiv
Foreign AffairsJune 12, 2016
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'Gateway to Korea' opens for EU firms
The European Union delegation held a symposium last week to launch the “EU Gateway to Korea” program, aimed at harnessing innovative partnerships between European and Korean enterprises. Funded by the 28-member supranational body, business missions comprised of small and-medium-sized enterprises will visit Korea from 2016 to 2020. They cover technologies in the five industries of green energy, health care and medical, water and environment, food and beverage and construction and building. Seekin
Foreign AffairsJune 12, 2016
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Austria welcomes with sounds of music, art
The “Enzis” -- landmark furniture located in Vienna’s Museums Quartiers, representing Austria’s functional and modern design -- are now available at Seoul’s Dongdaemun Design Plaza. Donated by the Austrian National Tourist Office and the Vienna Tourist Board, 12 of the turquoise, sui generis monuments were unveiled at the DDP on Thursday. The unveiling took place during the opening ceremony for “Hello Austria! Hello Vienna,” a three-day event that featured live jazz and dance performance, as wel
Foreign AffairsJune 12, 2016
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[Graphic News] Government seeks to 3% budget increase for 2017
The government is seeking to increase its budget spending by 3 percent to total 398.1 trillion won ($338.3 billion) next year, the lowest increase in six years, according to Finance Ministry officials.They said requests for an increase in budget have been on a steady decline in recent years as the government continues to reform and innovate its spending.According to the preliminary requests, the culture sector’s budget increased the most, by 5.8 percent, which is consistent with the plans to exp
June 12, 2016
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[From the scene] Thousands march through central Seoul in pride parade
Thousands of people marched through central Seoul on Saturday to stand up for equality and respect for sexual minorities in South Korea’s biggest-ever pride parade, despite vocal opposition from antigay protestors. An estimated 50,000 lesbian, gay, bisexual and transgender people, along with their supporters, turned up at Seoul Plaza to demonstrate their pride and fight homophobia under the slogan “Queer I Am.” Participants march through central Seoul at the Pride Parade, waving rainbow-colored
Social AffairsJune 12, 2016
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Seoul’s foreign towns flourish
For many Seoulites, a visit to Daerim-dong or Yeonnam-dong would mean a stop in the district’s Chinatown for exotic menus featuring lamb skewers or bubble tea. It is also in such ethnic zones that Chinese immigrants tend to search for an affordable home in their new country.These tight-knit foreign communities are also found in other areas of the city, including the Vietnamese town in Wangsimni, Nepalese town in Changsin-dong and Mongolian town in Gwanghui-dong. In Itaewon is an Islamic town str
Social AffairsJune 12, 2016
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[Newsmaker] Ahn Cheol-soo hit by political double whammy
The new 20th National Assembly is just gearing up for a fresh start, but Rep. Ahn Cheol-soo of the People’s Party already finds himself trapped between a nose-diving party approval rating and an illicit fund probe concerning some of his closest aides.Whether or not he succeeds in pulling the fledgling centrist opposition party out of the current trials will also act as a leadership barometer, judging his qualifications for the 2017 presidential election, in which he is expected to make a bid. (Y
PoliticsJune 12, 2016
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Yun’s Russia visit aimed at pressing N.K.
Foreign Minister Yun Byung-se is set to meet with his Russian counterpart on Monday in Moscow as Seoul seeks to ramp up concerted pressure against North Korea in the wake of its latest nuclear and missile tests. Yun departed for the Russian capital on Sunday afternoon for the first trip by Seoul’s top diplomat in about five years. During his two-day stay, he will hold talks with Russian Foreign Minister Sergey Lavrov, attend a joint conference on politics and economics and tour South Korean auto
North KoreaJune 12, 2016
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South Korea to join global efforts to combat AIDS
South Korea vowed to fully cooperate with the global efforts to end the AIDS epidemic by 2030, stressing the importance of scaling up effective prevention programs and eliminating HIV-related discrimination.“The Republic of Korea welcomes the ambitious goals to end the AIDS epidemic by 2030,” said Jung Ki-suck, the director of Korea Centers for Disease Control and Prevention at a recent U.N. meeting.“Ending the HIV and AIDS epidemic is a shared responsibility. We need global solidarity, commitme
Social AffairsJune 12, 2016
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Hand, foot and mouth spreading rapidly
The number of hand, foot and mouth disease patients increased by 51 percent from May 29-June 4 from the week before, a government report showed on Sunday.According to the weekly report released by the Korea Centers for Disease Control and Prevention, the prevalence rate of the disease increased to 32.4 per 1,000 in the first week of June from 21.5 per 1,000 the week before. The figure is almost as high as that in 2014, when the nation had the highest number of MFMD patients since 2011.HFMD is a
Social AffairsJune 12, 2016
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[Editorial] Ugly sectionalism
The strife between two candidate cities for a new airport in the south of the country testifies to the chronic social illness in Korea – extreme sectionalism fanned by politicians. The contention between Gadeokdo Island in Busan and Miryang in South Gyeongsang Province is so intense that there could be serious fallout whichever side wins the airport project. Given the benefits that will come from having an international airport in the neighborhood, local residents may well cling to the project.
EditorialJune 12, 2016
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[Editorial] First real test
The corruption scandal buffeting the People’s Party is setting the first major test for the party’s self-avowed mantra -- new, clean politics. Given what we have been hearing, the chances are that the test result will be negative. The scandal surrounds allegations -- raised by none other than the National Election Commission -- that party officials got back -- in the form of rebates -- 238 million won ($206,000) out of 3.2 billion won they paid to firms hired for the April 13 parliamentary elect
EditorialJune 12, 2016
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A ‘historic’ victory
Hillary Clinton has shot through the glass ceiling to become the first woman presidential nominee -- changing the American political narrative. There is a degree of pregnant symbolism in the victory. The often misused adjective, “historic,” was seldom so apt as on Tuesday when Hillary Rodham Clinton used the expression twice to celebrate her triumph over Bernie Sanders in the California primary. And she has celebrated her achievement without sounding overly euphoric. Well and truly has the form
ViewpointsJune 12, 2016
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[John H. Cha] Women Cross DMZ’s quest for Korean peace treaty
Women Cross DMZ, a venerable group of women made up of 30 international leaders, thinkers and activists, crossed the DMZ together in 2015. This was quite a remarkable feat, considering that they were assembled in Pyongyang, North Korea, where thousands of people cheered them on, and that they had traversed the world’s most fortified border southward into the arms of South Korean women waiting to greet them. They concluded the event with a promise to cross the DMZ a year later, this time, going f
ViewpointsJune 12, 2016
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[Ram Garikipati] Amending retail price maintenance rules
The Korea Fair Trade Commission is all set to take a decision on amending the “Guidelines for Review of Resale Price Maintenance” as the public comment period has just concluded.Resale price maintenance, or RPM, is a system in which the manufacturing firm determines and enforces the price at which distributors resell its products. Hence, it is also known as vertical price-fixing, price protection, or the practice of imposed prices.Until now, RPM has been deemed illegal in Korea, and companies th
ViewpointsJune 12, 2016
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[Barry Ritholtz] Fintech is revolutionizing money management
Financial Technology Partners is a San Francisco-based investment-banking firm focused, appropriately enough, on the financial-technology industry. I managed to get my hands on its new report of how fintech is altering the landscape for money management. The report looks at industry trends, interviews numerous fintech executives and sizes up all of the usual big picture Silicon Valley stuff.For those of you who may not have thought much about how technology might affect Wall Street, the work you
ViewpointsJune 12, 2016
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[David Ignatius] The next president‘s Asian menace
Sometime over the next several years, the next U.S. president could confront a genuinely dangerous threat from a faraway place -- a North Korean missile that can hit U.S. territory with a nuclear warhead. Led by an impulsive and brutal young man, North Korea may pose the most direct nuclear risk to the United States. Kim Jon-un is a weak leader in every respect but one -- he pushes ahead relentlessly on a program to build missiles that can reach Guam and other American targets carrying miniaturi
ViewpointsJune 12, 2016
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Export rises 5.7 % in first 10 days of June
South Korea‘s exports are showing signs of a rebound after a lengthy slide, as the Korea Customs Service (KCS) said Sunday that the nation’s overseas shipments in the first 10 days of June rose 5.7 percent on-year to US$13.88 billion.The export volume has fallen for 17 months in a row since January 2015, marking the longest streak of decline since the government began compiling monthly export statistics in 1970.But the first 10 days of exports have risen for the second consecutive month this mon
IndustryJune 12, 2016