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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SK hynix outpaces Samsung, Micron with more powerful AI chips
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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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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Nat'l Assembly picks Chung Sye-kyun as speaker
South Korea's National Assembly picked six-term main opposition Minjoo Party of Korea lawmaker Chung Sye-kyun as its new speaker Thursday after parties reached a deal on the parliamentary formation issue earlier in the week.Rep. Chung was voted in as the speaker for the first half of the 20th National Assembly at the plenary session of parliament.Chung will be obligated to sever party ties during his two-year term.The appointment of the speaker, which was deadlocked after the new parliament bega
PoliticsJune 9, 2016
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Woman handed 10-year jail term for murdering husband
A woman who stabbed her husband to death during a fight was sentenced to 10 years in prison on Thursday, according to the Daegu High Court. The 49-year-old woman had gotten into a fight with her husband over a phone conversation she had had with another man. (123Rf)When the husband turned violent, the woman took out a weapon from the kitchen and stabbed him to death. Their child who was at home at the time is said to be suffering from shock and stress. The Daegu court said that the murder was n
Social AffairsJune 9, 2016
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Police raid Seoul subway operator over maintenance worker's death
Police raided the headquarters of a Seoul subway operator Thursday as part of their probe into the cause of the accident that killed a 19-year-old maintenance worker on a station platform late last month.The Seoul Metropolitan Police Agency dispatched around 100 officers to raid some 10 organizations, including the head offices of Seoul Metro in the southern part of the capital. Eunsung PSD, a subcontractor who had hired the victim -- identified only by his surname Kim - was also included on the
Social AffairsJune 9, 2016
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[팟캐스트](148) 흑산도 여교사 성폭행 사건 외 1건
진행자: 박세환, Kevin Lee Selzer 1. 교육부, 산간지역 여교사 안전대책 강화 방침기사요약: 지난달 22일 전남 신안군 흑산도 초등학교 관사에서 올 3월 초 부임한 20대 여교사가 학부모와 지역주민 등 3명에게 집단 성폭행한 사건이 발생했다. 이에 교육부는 산간지역 파견 여교사들의 안전대책을 강구하겠다고 밝혔다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638Ministry to strengthen safety of teachers in remote areas after gang rape case[1] The government on Tuesday vowed to step up safety measures for female teachers working in remote
English EyeJune 9, 2016
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[Consumer This Week] Shake Shack, BAT Korea, A’pieu, MCM, Swarovski, SPAO
Shake Shack Burger to open in GangnamShake Shack Burger, a famous roadside burger joint from New York City, will be opening its first store in South Korea in Gangnam, southern Seoul, its local operator SPC Group said Tuesday.The new store, which is now under construction, is on the main road that connects Gangnam Station with Shinnonhyeon Station. It is about 150 meters from exit 5 of Shinnonhyeon Station.The burger joint is scheduled to open “within summer,” presumably before August, according
IndustryJune 9, 2016
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Debate arises over antihypertensive, anti-impotence drug
Controversy has flared up over South Korean authorities' recent approval of a new drug that premises to treat both high blood pressure and erectile dysfunction.In early May, the Ministry of Food and Drug Safety gave the green light to the antihypertensive and anti-impotence medicine developed by Hanmi Pharmaceutical Co., a leading South Korean drugmaker. It marks the first time that an antihypertensive medication combined with anti-impotence treatment has been approved in South Korea. The new dr
TechnologyJune 9, 2016
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Korean economy expected to improve further in Q2: finance minister
The South Korean finance minister said Thursday that Asia's fourth-largest economy will show far clearer signs of recovery in the second quarter helped by government-led stimulus policies."The South Korean economy has been in a modest recovery mode in recent months, rebounding from a slowdown in the beginning of the year," Finance Minister Yoo Il-ho said in a meeting of economy-related ministers in Seoul. Finance Minister Yoo Il-ho (Yonhap)"In the second quarter, we will see the effects of incre
June 9, 2016
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Kia Motors strikes deal with Mexico on incentives
Kia Motors Corp. said Thursday that it has reached a deal with the northern Mexican state of Nuevo Leon on incentives, giving a boost to South Korea's second-largest carmaker in running its plant in Mexico.The two sides said in a joint statement after a signing ceremony in Nuevo Leon that they found a reasonable middle ground, Kia Motors said.A company official said the deal would cover infrastructure such as roads, railways, electricity and industrial water for the plant, noting no significant
MobilityJune 9, 2016
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Ruling party urges gov't to expand public projects to save shipbuilders
South Korea's ruling Saenuri Party said Thursday the government should roll out more state military projects to help normalize financially troubled shipbuilders, which emerged as a potential threat to local industries and the job market."Although restructuring in the private sector is inevitable, there also must be government efforts to provide (troubled firms) with work," Saenuri said during the meeting with government policymakers. The party highlighted that the government should consider plac
June 9, 2016
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Gov't launches K-ICT 2020 project
South Korea made public a five-year master plan on Thursday aimed at developing the country as a global power in the information security industry.Under the "K-ICT 2020" project, the government will focus on "globalizing" its cybersecurity and other information protection technology.In the face of North Korea's cyber threats, South Korea has continued efforts to fortify its cyber environment.But it has much to be desired to enhance the global competitiveness of the infosecurity sector, which is
TechnologyJune 9, 2016
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Car exports dip for seventh consecutive month in May
South Korea's automobile exports fell for the seventh straight month in May due to faltering demand from emerging markets, the government said Thursday.Outbound shipments of vehicles came to 218,655 units last month, down 11.6 percent from 247,343 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy.The May figure narrowed from a 19.7-percent on-year drop in April, the largest decline since September 2009 when it plunged 22 percent in the aftermath of the global
MobilityJune 9, 2016
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Rally in pharm, bio stocks drives up yields in healthcare funds
Healthcare funds have outshone other equity funds in the past month on a recent rally in pharmaceutical and biotechnology stocks, a fund ratings company said Thursday. Healthcare funds took the top five spots in the domestic equity funds' yield rankings released on Tuesday by Korea Fund Ratings.The company surveyed the yield results of homegrown stock-based funds for the month ending June 7.Mirae Asset Global Investment Co. managed four out of the five highest-yielding healthcare funds, with the
IndustryJune 9, 2016
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Seoul city announces hanok construction subsidy standards
The Seoul city government announced a set of guidelines on providing subsidies for the construction of Korean traditional houses Thursday amid efforts to preserve such buildings in the city.According to the new guidelines set up by the Seoul Metropolitan Government, those who erect new hanok, or Korean traditional accommodations, can receive up to 100 million won ($86,700), including 20 million won in special loans. If they are built within the special zones designated for the conservation of ha
CultureJune 9, 2016
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N.K. claims Korea violated its territorial waters, airspace
North Korea on Thursday threatened to make a "merciless" retaliation against South Korea, claiming that Seoul repeatedly violated its territorial waters and airspace off its western coast.South Korea's reconnaissance drones made flights over the Yellow Sea along the de facto western maritime boundary on Tuesday and intruded three times into North Korea's territorial airspace to carry out aerial reconnaissance, the North's official Korean Central News Agency said.It claimed the drones flew upward
North KoreaJune 9, 2016
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Hyundai's Porter truck best-selling vehicle in first five months
Hyundai Motor Co.'s Porter truck was the best-selling vehicle in South Korea in the first five months of this year, industry data showed Thursday, in a sign that the relatively cheap commercial model appealed to small self-employed merchants.The country's largest automaker sold a total of 44,696 units of the Porter 1-ton truck during the January-May period, according to the data.If the current sales pace continues, the Porter could become the best-selling vehicle not only in the first half but f
MobilityJune 9, 2016
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Uganda halts military exchange with N. Korea
Uganda has told North Korea that it won't renew its military contracts with the communist nation, a government source said Thursday, carrying out its pledge to sever their military ties.Ugandan President Yoweri Museveni made the pledge during a summit meeting with South Korean President Park Geun-hye last month in what was seen as a diplomatic victory for Seoul.South Korea hopes that deepening the North's isolation from the international community will force the regime in Pyongyang to abandon it
North KoreaJune 9, 2016
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Hyundai Glovis chief rated as top local CEO
The president of Hyundai Glovis Co., a logistics unit of South Korean auto giant Hyundai Motor Group, has been rated as the best performer among CEOs of the country's top 500 companies, data showed Thursday.According to the data by market researcher CEO Score, Kim Kyung-bae received 64.5 points out of a possible 100 in an assessment of CEOs' management performances in 2015. The Hyundai Glovis CEO placed second last year.Cho Hwan-eik, president of state-run Korean Electric Power Corp., and Park S
CompaniesJune 9, 2016
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FTC to raise asset ceiling for conglomerate watch list to 10 tln won
The South Korean antitrust watchdog said Thursday that it will raise the asset ceiling for its conglomerate watch list for the first time in seven years as part of its efforts to pave the way for local mid-sized business groups to conduct more activities.In a report submitted to an economy-related ministers' meeting held in Seoul, the Fair Trade Commission will increase the minimum asset criteria from the current 5 trillion won (4.3 billion) to 10 trillion won in September, with state-run corpor
June 9, 2016
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Korea's dessert market grows fast
The South Korean market for desserts has been expanding rapidly over the past years despite the country's prolonged economic slump, industry data showed Thursday.The dessert market was estimated at 1.5 trillion won in 2015, up a whopping 90 percent from the previous year. Last year, the market more than doubled to 800 billion won from 300 billion won in 2013.In a recent report, Eugene Investment & Securities Co. predicted the figure to breach the 2 trillion won mark this year as several domestic
IndustryJune 9, 2016
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Chinese portal opens Korean news site to expand exchange
A Chinese portal website has opened an online platform that publishes South Korean news to help expand exchange between the two countries, its local affiliate said Thursday.Renghuangwang (http://www.ifeng.com) has opened the news site (http://kr.ifeng.com), becoming the first Chinese portal to do so with the purpose of boosting exchange, Renghwangwang Korea Media said, adding the service is also available as a smartphone app. Screenshot of http://kr.ifeng.comThe portal owned by Phoenix New Media
IndustryJune 9, 2016