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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Dongkuk Steel Mill starts operation of steel plant in Brazil
Dongkuk Steel Mill, the nation’s third-largest steelmaker, said Sunday it stared the operation of CSP Steel Mill, its long-awaited first blast furnace steelwork, located in Pecem City of Ceara State, Brazil.Dongkuk Steel vice chairman Chang Sae-wook fired up the blast furnace with other participating VIPs in the ceremony held at the site on Saturday, the company said in a press release. Dongkuk Steel Mill vice chairman Chang Sae-wook fires up the blast furnace to start the operation of CSP Stee
IndustryJune 12, 2016
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Nobel laureate makes grim assessment of post-Soviet life
HAY-ON-WYE, Wales (AP) -- In the view of Nobel literature laureate Svetlana Alexievich, Russia is taking refuge in ideas from its Soviet past, but this nostalgia collides with newer, darker forces.In an interview with the Associated Press at the Hay Festival of literature, the 68-year-old Alexievich assessed what she has learned from decades of talking with the ordinary people of the Soviet Union and the countries that emerged after its 1991 collapse. Alexievich books are full of compelling voic
BooksJune 12, 2016
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Summer exhibitions highlight 20th century masters
Seoul abounds each summer in exhibitions of work by Western art masters, which often become crowded with not only the usual art lovers but families with children visiting museums and galleries as part of school assignments. This year, key figures of 20th century are highlights of the city’s art calendar. Starting with the ongoing show of Frida Kahlo and Diego Rivera at the Seoul Arts Center, big names that represent major 20th art movements such as Salvador Dali, Marc Chagall, Bernard Buffet and
PerformanceJune 12, 2016
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Healthcare sector export tops 10 tln won for first time last year
Annual exports from South Korea's healthcare businesses surpassed 10 trillion won for the first time last year, the Ministry of Health and Welfare said Sunday.Overseas shipment of Korean medicines, medical equipment and cosmetics products totaled $8.83 billion, or 10.2 trillion won, in 2015, up 21 percent from the previous year, the ministry said.The corresponding volume stood at $4.3 billion in 2011, meaning the sector has registered an annual growth rate of 19 percent over the past four years.
IndustryJune 12, 2016
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‘Fiscal stimulus needed to tackle low growth’
The market was caught by surprise from the central bank’s earlier-than expected rate cut last week, providing support to the government’s policy on corporate restructuring amid a gloomy economic outlook.With the Bank of Korea lowering its base rate to record low of 1.25 percent in addition to committing to offering 10 trillion won ($8.5 billion) for policy bank recapitalization, analysts say it is now the Finance Ministry’s move to further cushion the economy from the negative outlook with expan
June 12, 2016
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South Korean FM leaves for Russia over North Korea issues
South Korean Foreign Minister Yun Byung-se left for Moscow on Sunday for talks with his Russian counterpart on North Korea's nuclear weapons program and other issues.It will be Yun's first official visit to Russia since he took office in early 2013 and the first such visit by a South Korean foreign minister in five years. During his two-day visit to Russia, Yun will meet with Russian Foreign Minister Sergey Lavrov in Moscow on Monday (local time). He will attend a Korea-Russia conference on poli
North KoreaJune 12, 2016
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Accumulative global EV sales exceed 1 million units in 2015
The accumulated global sales of electric cars surpassed 1 million units for the first time last year, proving the eco-cars can take root as a segment of the global auto market, according to an annual research report released by the International Energy Agency, a leading global energy think tank, on June 6. IEA’s global EV outlook for 2016 showed the accumulated sales of electric cars across the world reached 1.26 million units last year. Kia Motors’ Soul EVs are lined up for charging in Seoul.
MobilityJune 12, 2016
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China reported to have detained North Korean for smuggling charges
Chinese authorities detained a suspected North Korean spy earlier this month for smuggling charges, a Japanese newspaper reported on Sunday. According to the Yomiuri Shimbun, Chinese authorities arrested an unidentified North Korean citizen in Dandong, a border city in Liaoning Province next to North Korea. They reportedly arrested the North Korean in the middle of the night and seized 30 million Chinese yuan (about $4.5 million) and gold bars that were in his house. The authorities have yet to
North KoreaJune 12, 2016
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Chinese fishing boats leave neutral waters after crackdown
South Korea's military police and Coast Guard are considering extending the crackdown on illegal Chinese fishing in neutral waters around the mouth of the Han River for the third consecutive day on Sunday, officials said, as additional Chinese fishing boats are exiting the sensitive area near the inter-Korean maritime border.The Coast Guard said it seized a 50-ton Chinese boat that allegedly caught 45 kilograms of crabs in waters off Yeonpyeong Island, a South Korean territory near the inter-Kor
InternationalJune 12, 2016
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Food giant Pulmuone faces crisis
Korea’s top tofu-maker Pulmuone Health & Living is in crisis mode as its brand image is being marred by a franchise worker’s death and its aggravating business performance.On Wednesday, two Pulmuone headquarters officials were arrested on charges of beating a 29-year-old franchise worker to death earlier this month. Three employees alleged had a quarrel over the way the headquarters treated the franchise while drinking together, the police said. The victim was pronounced dead Wednesday after fou
IndustryJune 12, 2016
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Korea backpedals in green car push: experts
The government is backpedaling in its push to boost the nation’s electric vehicle market as it reduces benefits to EV buyers, including in state subsidies, experts claimed. The nation’s green vehicles -- electric, hybrid and plug-in hybrid cars -- registered from January to April this year stood at 15,000 units, about a 3 percent share of the total new cars of 480,000 units. This indicates that the government’s goal of replacing 30 percent of new cars with green vehicles by 2020 will be hard to
MobilityJune 12, 2016
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BAT expands factory to increase exports
SACHEON, South Gyeongsang Province -- British American Tobacco Korea has forecast that its export of cigarettes will double after its second factory is completed in January.BAT officials unveiled the outlook during a groundbreaking ceremony Friday at its factory in Sacheon, South Gyeongsang Province, for its second building. Officials from BAT and a construction crew break ground for the second building of BAT Korea’s Sacheon factory. (BAT)They said the second factory, set to open in January ne
IndustryJune 12, 2016
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JYJ's Junsu vows uncompromising album
Junsu of Korean pop trio JYJ said Saturday he is not afraid of going against the seasonal trends of the K-pop market, since making a unique album is the only way he can match his fans’ support.“Every time I release an album, I try to differentiate it from my previous albums, and stay away from putting up similar work with slightly different songs,” he said during a news conference for his fourth and latest full-length album “XIGNATURE.”“Showing different performances in different work is my way
PerformanceJune 12, 2016
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iKON wraps up tour in China
K-pop boy band iKON finished the Chinese leg of its Asia tour with a concert in Shanghai on Saturday. The group kicked off its Asia tour with a concert in Taiwan on April 22, followed by concerts in Hong Kong on May 7, Cheongdu on May 14, Nanjing on May 21, and Shenzhen on June 3. At “iKONCERT 2016 ‘Showtime Tour’ in Shanghai” held at the Grand Stage in Shanghai, the group presented their hit songs, including “Rhythm Ta” and “Dumb&Dumber,” as well as performing “My Type,” “Apology” and “Airplan
PerformanceJune 12, 2016
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Led Zeppelin on trial over ‘Stairway to Heaven’ theft claim
LOS ANGELES (AFP) - Led Zeppelin's Jimmy Page and Robert Plant will appear in court Tuesday to defend “Stairway to Heaven,” one of the most recognizable songs in rock history, from accusations of plagiarism.Spirit, a psychedelic band from Los Angeles that enjoyed a niche following but never the superstardom of Zeppelin, claim the iconic melancholic guitar that opens the song was lifted from its instrumental track “Taurus.”Spirit’s guitarist Randy Wolfe -- who went by the nickname Randy Californi
PerformanceJune 12, 2016
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Want to run a small U.S. paper? Write a persuasive essay
WASHINGTON (AFP) -- If you have the vision, the tiny Hardwick Gazette weekly newspaper in northern Vermont can be yours -- not for a song, but for an essay.The owner of the weekly -- which has a circulation of just 2,200 -- wants to find someone with the vision to run it “in the new millennium,” and will give it away to the most persuasive writer.“If you have the passion for writing, journalistic integrity, good business acumen, and want the opportunity to pursue the noble profession of being a
CultureJune 12, 2016
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[Newsmaker] NHN’s Line to go public in Tokyo, New York
Line Corp., a Tokyo-based mobile messenger platform owned by Korean Internet giant NHN Corp., will go public on the main stock markets in New York and Tokyo next month, the company said Friday.In a regulatory filing, the company said it will begin trading its shares on the Tokyo stock market on July 14th and in New York on 15th.The company will issue 35 million new shares offered at 2,800 yen ($26.20) per share. Goldman Sachs, JPMorgan, Morgan Stanley and Nomura Securities are the lead advisers
IndustryJune 12, 2016
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ACT exams canceled in South Korea, Hong Kong over breach
SEOUL, South Korea (AP) -- Operators of the ACT college entrance exam on Saturday canceled the tests for students in South Korea and Hong Kong at the last moment over what they said was a verified breach of test materials.The cancellation affected about 5,500 test takers who will receive refunds of test fees, according to ACT spokesman Edward Colby, who said the company believes it was the first time the exam was canceled for an entire country. (123rf)The ACT, an Iowa-based nonprofit organizati
Social AffairsJune 12, 2016
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Suspect in custody in connection with murder on hiking trail
Police said Saturday that they have taken a man into custody on the suspicion that he killed a woman found dead on a hiking trail outside Seoul earlier this week.The 45-year-old man, identified only by his last name Chung, confessed via phone on Friday that he was behind the murder of the woman and expressed his intention to turn himself in. He was taken into custody on Saturday, according to the police. The man is suspected of killing the 55-year-old woman, surnamed Chung, who was found dead We
Social AffairsJune 12, 2016
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U.S. looking at additional sanctions on N. Korea: State Department
The United States is considering additional sanctions on North Korea, State Department deputy spokesman Mark Toner said, stressing the importance of putting pressure on Pyongyang to end its nuclear program. Department deputy spokesman Mark Toner“Sanctions are only as strong as they are implemented, and so we really are urging our partners in the region to implement, to the fullest extent possible, those sanctions against North Korea in the hope that they will convince the North Korean regime to
Diplomatic CircuitJune 12, 2016