Most Popular
-
1
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
2
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
3
Korea to face another massive shortfall in tax revenue
-
4
Global drama stars gather for 2024 Seoul International Drama Awards
-
5
SK hynix outpaces Samsung, Micron with more powerful AI chips
-
6
[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
-
7
Power of nostalgia brings K-pop legends back together
-
8
North Korea unveiling uranium enrichment site a US election-conscious move: NIS
-
9
[Photo news] Faker Mercedes
-
10
Boy's emergency medical treatment delayed 2 hours due to staff shortage
-
BOK cuts key rate to 1.25% for June
In a surprise move, South Korea's central bank slashed its policy rate by 25 basis points Thursday, apparently anticipating a further delay in what many believe an imminent U.S. rate hike.The Bank of Korea slashed the key rate to a new record low of 1.25 percent for June, marking the first rate cut in 12 months.The BOK had stood pat on the key rate after sending it to the previous record low in four rate cuts between August 2014 and June 2015.The decision came as a surprise to many as the South
June 9, 2016
-
Galaxy S7, S7 Edge forecast to sell 15 mln units in Q2: sources
South Korea's No. 1 tech firm Samsung Electronics Co. is forecast to see the combined sales of the Galaxy S7 and the Galaxy S7 Edge reach 15 million in the second quarter of this year, industry sources said Thursday.The sources estimate that Samsung's combined shipments of the Galaxy S7 and S7 Edge will hover at 15 million units in the April-June period. The two models went on sales on March 11. Samsung Galaxy S7 (Yonhap)Noticeably, the sales of the Galaxy S7 Edge, which is more expensive, will
TechnologyJune 9, 2016
-
N.K. to hold major parliamentary meeting in late June
North Korea plans to convene a major parliamentary meeting in late June, the North's state media said Thursday, amid the possibility that the country's leader Kim Jong-un could take another title to further solidify his grip on power.The Presidium of the Supreme People's Assembly has decided to hold the fourth session of the 13th assembly on June 29, according to the Korean Central News Agency.The SPA, the legislative body of the reclusive country, rubber stamps decisions by more powerful organi
North KoreaJune 9, 2016
-
U.S. views N.K. with 'great concern' amid reports of reprocessing: State Department
The United States views North Korea's actions with "great concern," the State Department said Wednesday, following reports that the communist nation has begun reprocessing spent nuclear fuel to harvest plutonium.A senior State Department official was quoted by Reuters as saying Tuesday that the North took spent fuel from the 5-megawatt reactor at its Yongbyon nuclear complex and took it to the reprocessing facility to produce the element that can be used for nuclear weapons."We have been very cl
North KoreaJune 9, 2016
-
China tells N. Korea it wants denuclearization of Korean Peninsula
China told a North Korean delegation last week that it wants to realize the goal of denuclearizing the Korean Peninsula, South Korea's top nuclear envoy said Wednesday after meeting with his Chinese counterpart. Kim Hong-kyun, South Korea's Special Representative for Korean Peninsula Peace and Security Affairs, made the remarks after holding talks with Wu Dawei earlier in the day, during which the Chinese official briefed Kim on last week's visit by a top North Korean official, Ri Su-yong, to Be
North KoreaJune 9, 2016
-
New naval contingency unit conducts 1st warfare drill
South Korea's new naval contingency unit is conducting a warfare exercise in the West Sea in its first stand-alone military drill aimed at fending off North Korea's potential aggression, the military said Wednesday. "The quick reaction unit is carrying out an exercise in the West Sea area from May 5-11," the Marine Corps said in a statement.This is the first exercise conducted by the some 4,000-strong contingency team comprised of Marine Corps and Navy troops. The unit was launched in March to c
DefenseJune 8, 2016
-
Parties agree on key parliamentary positions
The main political parties concluded the work of forming the 20th National Assembly on Wednesday, ending weeks-long debate over the distribution of key parliamentary positions including the Assembly speaker and chiefs of standing committees. The three mainstream parties’ floor leaders decided to give the speakership to the main opposition The Minjoo Party of Korea. In return, the ruling Saenuri Party would chair the key standing parliamentary committees, including the house steering committee as
PoliticsJune 8, 2016
-
[Newsmaker] Trump backs down under Republican fire in race row
Trump backs down under Republican fire in race row Donald Trump on Tuesday climbed down under fire from Republican grandees in an explosive race row, insisting that days of belligerent attacks on a Mexican-American judge had been misconstrued.The tycoon, who trails likely Democratic nominee Hillary Clinton in national polls ahead of a November general election, has repeatedly claimed that Federal Judge Gonzalo Curiel, who is handling a lawsuit against the now-defunct Trump University, is biased
World NewsJune 8, 2016
-
[Graphic News] Imported vehicle sales rebound in May
Registrations for imported vehicles increased in May, according to the Korea Automobile Importers and Distributors Association on Wednesday. May recorded 19,470 new registrations, a 5.9 percent increase from the same month last year, which saw 18,386 registrations. The month’s total number of registrations was also a 9.1 percent increase from the previous month at 17,845 registrations. Despite monthly imported car sales reaching 24,366 vehicles last year in December, car sales have since been st
MobilityJune 8, 2016
-
Global Families of Gwangju founders win Simning award
Gwangju expats Jeff Hamilton and Kelly Palmer Kim were conferred the Michael Simning Community Builders Award for their work in setting up and running the Global Families of Gwangju community organization.The pair created GFG five years ago to facilitate cross-cultural activities and exchanges in Gwangju as well as to run events to allow kids and international families to get together and enjoy typical family experiences that many expats have back home and miss in Korea, according to award organ
Expat LivingJune 8, 2016
-
Expats ‘Come Together’ after girl’s surgery fails
Expats in Ilsan, Gyeonggi Province, are staging a massive fund-raiser on June 18 to support one of their own who has fallen on bad times.Shawn Morrissey, 37, from Victoria, Newfoundland, knew from early on that his daughter, Ha-yoon, would not have the healthiest life. She was born with Alagile’s Syndrome, a rare congenital disorder that affects the liver. On May 13, the 4-year-old went in for a liver transplant at Seoul National University Hospital. Despite having some of the best surgeons in K
Expat LivingJune 8, 2016
-
‘Wonderland’ stage show reveals slice of life in Korea
Life soon after arriving in Korea can seem like a bemusing blur of episodes, and the Changwon Community Theater has tried to re-create just that in a self-penned show.The group’s next production “Waygook-in Wonderland” runs this weekend, giving a view of life in Korea in some 45 short segments. The play was a collaborative project devised by the cast, led by director Cinthia Palmer, who describes the show as a smorgasbord of short sketches, song and dance turned into one long music video.“This i
Expat LivingJune 8, 2016
-
Entrepreneurs invited to join start-up contest
Would-be entrepreneurs are being invited to enter a national Startathon competition to show off their work as part of Korea’s efforts to identify promising new start-ups. The competition, organized by the Science Ministry-affiliated Next Generation Convergence Contents Industry Association, will offer a first prize of 5 million won ($4320), with a second prize of 2 million won and three third prizes of 1 million won each.Teams should compete in one of four preliminary rounds to get to the final.
Expat LivingJune 8, 2016
-
Danish singer puts out Korean reggae single
Expat musician Philip Knudsen has released “Children Don’t You Play On Earth,” a reggae single in Korean. Knudsen, a vocal coach of 15 years who was trained in his home country of Denmark, also runs barbershop quartet the Barbers of Seoul, but performs reggae as a solo artist.The song’s original lyrics were written by high school friend Stig Geer while the two worked on a songwriting project in 2004, and rewritten in Korean -- as “Jigu-eso Noljima” -- by local songwriter Sung Nock-won.“Stig’s id
Expat LivingJune 8, 2016
-
[Photo News] World's largest engine test cell
Incheon Aviation Tech Co. said Wednesday that it completed construction of the world’s largest engine test cell at its plane-engine maintenance center in Unbuk-dong, Incheon. The ETC will allow engineers to test engines weighing up to 75 tons. IAT is a joint venture between Korean Air and American engine manufacturer Pratt & Whitney providing maintenance, repair and overhaul for commercial jets. Hanjin Group chairman Cho Yang-ho (fourth from left), Incheon Free Economic Zone Authority commission
IndustryJune 8, 2016
-
Court hears Australian rape victim case
A Seoul court on Wednesday began to hear a case involving an Australian woman who was allegedly drugged, abducted and raped during a night out in Seoul last year. Airdre Mattner, who now teaches English in Japan, came forward as a rape victim in March through her campaign to raise funds on the crowdfunding platform GoFundMe. The case shed light on Korea’s justice system and its alleged failure to protect sexual assault victims. “I feel exhausted. I have absolutely no faith in the Korean justice
Social AffairsJune 8, 2016
-
Korean economy faces slowdown in growth potential: IMF
The South Korean economy faces headwinds both at home and abroad due mainly to rapid aging and faltering exports, with its growth potential slowing down at the same time, the International Monetary Fund said Wednesday."With income levels still short of the OECD frontier, (South Korea's) potential growth has slowed," the IMF mission, which had an annual consultation with the South Korean government, said a press release."At the same time, Korea is facing major structural headwinds including: rapi
June 8, 2016
-
1 killed, several injured during construction of N.K. power plant
One North Korean woman was killed and several others injured while working in freezing cold weather on the construction site of a power plant, Pyongyang's state media said Wednesday.The North's main newspaper Rodong Sinmun reported that a female nurse died as she tried to stop equipment from slipping at the construction site of the Paektusan Hero Youth Power Station near the border with China. It did not elaborate or provide details regarding the nurse's identity.The paper also said several work
North KoreaJune 8, 2016
-
Veteran actor Yu In-chon to reprise role as Hamlet after 16 years
Not only does this production of “Hamlet” commemorate the 400th anniversary of William Shakespeare’s death, it also commemorates the 100th anniversary of the birth of the late director Lee Hae-rang, who staged Shakespeare for the first time in Korea in 1949. This year’s anniversary celebration of Shakespeare’s classic tale is slated to open next month with an all-star lineup of veteran stage actors including Kwon Seong-deok, Park Jeong-ja and Yu In-chon. The production’s nine-member cast has a
PerformanceJune 8, 2016
-
S. Korea should make use of robotics for potential conflict with N.K.: researcher
South Korea should capitalize on its evolving robotics technology to cope with future combat operations, a local researcher said Wednesday, noting that ground-based military robots would put the country at an advantage in a potential conflict with poorly-equipped North Korean forces.Kim Do-jong, a researcher at the state-run Agency for Defense Development, said in his latest research paper that the South can utilize robots as part of its "reverse asymmetric weapons systems" to counter the North'
DefenseJune 8, 2016