Most Popular
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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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Korea to face another massive shortfall in tax revenue
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Global drama stars gather for 2024 Seoul International Drama Awards
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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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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[Photo news] Faker Mercedes
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Boy's emergency medical treatment delayed 2 hours due to staff shortage
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PM vows to bolster rights of women, children
Prime Minister Hwang Kyo-ahn said Friday the government will do more to expand the rights of women and children, adding its ministries will join forces to achieve gender equality in all sectors."The government will promote gender equality at all levels of society and make a determined effort to achieve this vision," Hwang said.The prime minister said the efforts will include adopting a flexible work-hour system so that women can focus both on childcare and their careers. The government will also
Social AffairsJune 10, 2016
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Galaxy S7's success based on quality, marketing, early release
The Galaxy S7's success, according to industry watchers here on Friday, has been due to the combination of three main factors: decent quality, early release and aggressive marketing.Since its debut in March, the new flagship smartphones of Samsung Electronics Co. -- the Galaxy S7 and Galaxy S7 Edge -- have become a global hit, if not a sensation.The combined sales of the two models are estimated to reach 25 million worldwide by the end of June. On Thursday, the South Korean tech giant's share pr
TechnologyJune 10, 2016
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Park's chief of staff visits National Assembly
President Park Geun-hye's chief of staff visited the National Assembly on Friday to meet new parliamentary leaders as part of an ongoing effort to enhance cooperation between the government and legislature, the presidential office Cheong Wa Dae said.It marked the first time that Lee Won-jong visited parliament since he was appointed to lead the presidential secretariat last month.Lee first met with Assembly speaker Chung Sye-kyun and delivered an orchid from Park to congratulate him on his new p
PoliticsJune 10, 2016
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U.N. chief tops presidential hopeful poll
U.N. Secretary-General Ban Ki-moon topped the list of potential presidential candidates in South Korea, data showed Friday, continuing to beat other long-established hopefuls from the opposition parties.According to the survey conducted by Gallup Korea earlier this week, Ban's approval rate came to 26 percent, followed by Moon Jae-in, former leader of the Minjoo Party of Korea, whose numbers stood at 16 percent, down 2 percentage points from a week earlier.It marked the first time for Ban to be
PoliticsJune 10, 2016
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Defense ministry demands 5.3% increase in defense budget for 2017
The Ministry of National Defense has demanded a 5.3 percent on-year increase in its defense budget for 2017 as it plans to accelerate efforts to bolster the welfare of military conscripts and build up the country's air defense system, the ministry said Friday.The ministry has submitted its defense budget demand to the Ministry of Strategy and Finance, requesting a budget of 40.87 trillion won ($35.18 billion) for next year, according to a statement. The defense budget for this year stands at 38.
DefenseJune 10, 2016
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Park to resume official schedule next week
President Park Geun-hye will resume her official schedule early next week after a weeklong respite following her intense 12-day trip to Africa and France, her aides said Friday.Her schedule is expected to begin on Monday at the National Assembly as Park is determined to address one of her pressing tasks --setting the tone for smooth cooperation with the opposition-led legislature, which is critical for advancing her agenda for economic revitalization.The relations between Park and the opposition
PoliticsJune 10, 2016
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Seoul vows to tackle trade pressure on Korean firms
South Korea will cope actively with a recent wave of foreign trade pressure on Korean companies, the country's trade minister said Friday."The government will not turn a blind eye to South Korean companies, which suffer from unfair treatment in the overseas market," Minister of Trade, Industry and Energy Joo Hyung-hwan said in a meeting with reporters."South Korean businessmen often say they are treated unfairly in overseas markets. So I try to make every effort to broach such an issue when I me
June 10, 2016
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Production cut quickly reduces Korea's coal stockpiles
South Korea's coal stockpiles are running out fast due to a decrease in coal production caused by slumped consumption, industrial data said Friday.The data released by the state Korea Coal Corp. showed that the country's coal stockpiles came to 1.86 million tons in 2015 after peaking at 10.69 million tons in 2000. The stockpile figure was almost on par with the 1.71 tons recorded for consumption in 2015.Coal stockpiles refer to the entire amount of coal stored in pitheads, coal briquette plants,
IndustryJune 10, 2016
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Foreign residents invited to guided tours of Korea's world heritage
South Korea will begin a series of guided tours of the country's UNESCO-listed world heritage for foreign residents this week, a state-run culture agency said Friday.On Saturday and Sunday the Korean Culture and Information Service will take U.S. military officials in Korea and their families to the east coast city of Gangneung for the "Gangneung Dano Festival."The festival is one of the biggest surviving cultural feasts to celebrate the day of Dano, May 5th in the Korean lunar calendar.The Dano
Expat LivingJune 10, 2016
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Korea's crab catch plunges amid rise in uninvited Chinese boats
South Korea's crab catch has been more than halved so far this year, the government said Friday, an apparent result of a recent rise in the number of Chinese boats fishing illegally in South Korean waters.According to the Ministry of Oceans and Fisheries, the country's catch of crab amounted to 575 tons in April, down 69 percent from the same month last year.Also in the first four months of the year, the country's crab catch plunged 68.5 percent on-year to 664 tons.The ministry largely attribute
Social AffairsJune 10, 2016
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Naver, telecom carriers to take on Google, Apple with new app store
Internet giant Naver and the nation’s top three telecom carriers -- SK Telecom, KT and LG Uplus -- have teamed up to create a mega app store, called One Store, with more than 30 million users.The new app store has combined their own four different platforms for Android-based smartphones and other mobile devices. Users can upgrade one of the apps to use One Store.One Store’s mobile pages (One Store)One Store Corp., an affiliate of SK Telecom, will be responsible for the operation, while Naver has
TechnologyJune 10, 2016
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Lotte Group raided over alleged embezzlement, malpractice
Prosecutors raided the headquarters of South Korea's retail giant Lotte Group, as well as its seven affiliates, on Friday over allegations of embezzlement and malpractice.The Seoul Central District Prosecutors' Office said it sent some 200 investigators to 17 places, including the group's headquarters in central Seoul, its major affiliates and the homes of some executives. Hotel Lotte Co., TV channel Lotte Homeshopping and its key retail unit Lotte Shopping Co. were all raided.Prosecutors said t
IndustryJune 10, 2016
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N. Korea offers to host inter-Korean reunification meeting
North Korea offered to host an inter-Korean meeting to discuss ways to bring about reunification, the latest in the communist country's dialogue proposals to Seoul since a high-profile ruling party congress in early May."We propose opening a nationwide grand meeting for reunification on the occasion of the 71st anniversary of Korea's liberation, prompted by the ardent desire ... (in) improving the inter-Korean relations and accomplishing the cause of national reunification by the concerted effor
North KoreaJune 10, 2016
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New assembly speaker to discuss hearings bill with parties
National Assembly Speaker Chung Sye-kyun said Friday he will hold talks with political party representatives about the controversial hearings bill that was vetoed by the president late last month."We need to review the legal issues involved, and hold discussions with political parties," Chung said.Last month, the presidential office sent back a bill which, if made into law, would allow parliament to hold hearings on government policies more frequently. The presidential office Cheong Wa Dae and t
PoliticsJune 10, 2016
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Minor opposition party head apologizes over alleged illegal funds scandal
Ahn Cheol-soo, co-chairman of the minor opposition People's Party, said Friday he will take "all necessary steps" to deal with allegations that a lawmaker raised illegal political funds ahead of the April 13 polls."I was told that the issues raised are not true, but the party will take resolute actions once the ongoing investigation is concluded," Ahn said, touching on the unfolding scandal. "We will also actively cooperate with the prosecutors' investigation. I hope the prosecutors will also c
PoliticsJune 10, 2016
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High-yield bonds draw investor interest amid low rates
South Korean investors are piling into high-yield corporate bonds with relatively high risk in search of bigger returns as the country's interest rates are at rock bottom, sources said Friday.Trading of these so-called mezzanine bonds have recently been active as investors are drawn to debt that offers a higher rate of return, but is riskier because of its lower status in the capital structure.The trend comes as financially troubled companies, which find it difficult to float bonds through publi
June 10, 2016
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Gov't seeks 3% expansion in 2017 budget
Government ministries and other public entities are hoping to boost their annual spending by 3 percent next year, the slowest rate of growth in at least six years, the finance ministry said Friday.According to the Ministry of Strategy and Finance, government offices have submitted preliminary requests for their 2017 budget that totaled 398.1 trillion won ($343.19 billion), compared with 386.4 trillion won this year.The request, if finalized, will mark the slowest on-year expansion at least since
June 10, 2016
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Kia Motors picked as most satisfying brand in U.S.
Kia Motors Corp., South Korea's No. 2 automaker, has been named as the popular brand with the highest satisfaction in the U.S., according to an automotive research company Friday. Kia, affiliated with South Korea's largest automaker Hyundai Motor Co., was recognized as the most satisfying popular brand by U.S.-based AutoPacific Inc. This year's awards were given based on a survey of 65,000 owners of new vehicles, where respondents evaluated their cars across 50 categories including safety featu
MobilityJune 10, 2016
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U.S. House speaker says U.S. shouldn't let Asian alliances to 'atrophy'
U.S. House Speaker Paul Ryan said Thursday that the U.S. should not allow U.S. alliances in Asia to "atrophy" and the top U.S. foreign policy priority in the region should be to counter the threat of North Korea."In East Asia, our allies are desperate for a greater American role. Our top priority must be to counter the threat of a nuclear North Korea. And we must respond strategically to expansionist China's rise, including checking its territorial ambitions," Ryan said in a foreign policy repor
InternationalJune 10, 2016
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Obama officially endorses Clinton for president
U.S. President Barack Obama on Thursday made official his endorsement of Democratic presidential candidate Hillary Clinton, saying she is "so qualified" to succeed him."I know how hard this job can be. That's why I know Hillary will be so good at it. In fact, I don't think there's ever been someone so qualified to hold this office," Obama said in a video message.Obama said Clinton has "the courage, the compassion and the heart to get the job done.""I'm with her, I am fired up, and I can't wait t
InternationalJune 10, 2016