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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China urges dialogue as N. Korea apparently restarts atomic bomb fuel plant
China on Wednesday called for the relevant countries to resume dialogue with North Korea as the U.N. nuclear watchdog warned that the North appears to have restarted its main nuclear bomb fuel plant. If the warning by the International Atomic Energy Agency is correct, it would be the latest move by North Korea in expanding its nuclear weapons program, despite tightened international sanctions. When asked about the IAEA warning, China's foreign ministry spokesman Hong Lei replied that China is co
North KoreaJune 8, 2016
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1,000 Chinese tourists to visit Seoul to enjoy Korean traditional custom 'Dano'
As many as 1,000 Chinese tourists will visit South Korea's capital city this week to experiences first hand Korea's seasonal customs of "Dano" which falls on Thursday, the Seoul metropolitan government said Wednesday."Dano" is a major Korean traditional festival which falls on the fifth day of the fifth month of the lunar calendar. It was celebrated in the past by farmers who wished for a good annual harvest after rice planting season. Titled "Seoul Dano," the tour program has been jointly devel
TravelJune 8, 2016
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KOSPI rises to yearly high on foreign buying, Samsung rally
South Korean shares closed at their highest level of this year on Wednesday on the back of foreign buying, helped by market kingpin Samsung Electronics' rally on its robust outlook. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index gained 15.45 points, or 0.77 percent, to 2,027.08, the highest closing level this year. Trade volume was moderate at 490 million shares worth 5.7 trillion won ($4.92 billion), with gainers outnumbering losers 411 to 395.Fo
June 8, 2016
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Korean shipbuilders to tighten belt as orders dry up
South Korea's major shipbuilders are expected to tread water over the next three years as orders are drying up amid the prolonged industry slump stemming from the oil price plunge, company and government officials said Wednesday. The nation's big three players -- Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering -- have come under growing pressure to overhaul its money-losing businesses as the slump in oil prices has led to delays or cancella
IndustryJune 8, 2016
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Samsung shares continue uptrend on rosy outlook
Shares of Samsung Electronics Co. rose for the sixth consecutive session Wednesday as local analysts unleashed optimism on the top-cap company's earnings for the second quarter.Samsung closed up 0.57 percent at 1,406,000 won ($1,216.40) on South Korea's main bourse on the back of strong foreign buying, ending above the 1,400,000 won level for the first time in 13 months. At one point in morning trade, Samsung's stock price hit a fresh 52-week high of 1,419,000 won.The company's market value came
June 8, 2016
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Jeju tourism body, trail caretaker co-develop walking route in Mongolia
The state-run Jeju Tourism Organization on Wednesday teamed up with the Jeju Olle Foundation, the caretaker of the Olle Trail on South Korea's largest tourist island of Jeju, to jointly develop a walking route in Mongolia, the local tourist body said.Jeju Tourism Organization chief Choi Kab-yeol and Olle Trail Foundation head Suh Myung-sook signed a business pact on the development of the Mongolian Olle Trail. The two sides reached the deal as part of efforts to expand tourism and cultural excha
TravelJune 8, 2016
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[Editorial] Newcomers’ quit
The widening wage gap between conglomerates and small and medium enterprises is hampering the latter from securing competitive human resources, leading to polarization of workers.According to a recent survey, 1 in 4 new employees with a bachelor’s degree or higher quits within a year. And such early exits were three times more common at companies with less than 300 employees than at larger businesses.These were the results of a recent survey conducted on 306 businesses nationwide by the Korea Em
EditorialJune 8, 2016
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[Editorial] Lingering ‘BOXPI’
It seems that South Korea’s stock market has become more frequently swayed by external factors. The situation is quite different from past years, when many local and foreign analysts didn’t hesitate to praise the fundamentals of major companies traded on the Korea Exchange, despite some negative external factors.These days, the benchmark KOSPI has become extremely sensitive to remarks by foreign officials or analysts, even if the remarks suggest just a possible option among a variety of scenario
EditorialJune 8, 2016
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President reshuffles key advisers
President Park Geun-hye on Wednesday reshuffled some of her key senior secretaries and vice-ministerial officials.Kim Jae-won, former lawmaker of the ruling Saenuri Party and one of the closest associates of the president, was named as new senior secretary for political affairs, replacing Hyun Ki-hwan, according to Cheong Wa Dae.“With his ample experience in the parliament and presidential office, Kim is fit to play a bridging role between (Cheong Wa Dae) and the political circles,” said Kim Sun
PoliticsJune 8, 2016
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Ban’s political gesture triggers conflict with opposition camp
United Nations Secretary-General Ban Ki-moon’s fast rise as a potential presidential candidate for the ruling Saenuri Party is causing a stir within domestic political circles, especially among the rival parties.Ban’s uneasy relationship with the opposition camp stood out Wednesday as his slated meeting with former Prime Minister Lee Han-chan turned sour over the U.N. chief’s future role in Korean politics.The U.N. secretariat said Tuesday local time that the meeting between Ban and Lee, which w
PoliticsJune 8, 2016
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US returns precious artifacts to India
WASHINGTON (AFP) -- The United States returned more than 200 precious artifacts to India on Monday in a ceremony with visiting Prime Minister Narendra Modi, the Justice Department said.The items included religious statues, bronzes and terra-cotta pieces -- some of them 2,000 years old -- which were recovered in an operation involving several US government agencies. “The United States is committed to ensuring that no nation is robbed of the objects that inform its identity, shape its traditions a
CultureJune 8, 2016
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Saudi to showcase arts in reform drive
JEDDAH, Saudi Arabia (AFP) -- Saudi Arabia said on Tuesday it plans to showcase the arts and grow its media industry to counter negative stereotypes of the kingdom, whose rights record is regularly criticized abroad.The initiatives are part of the wide-ranging National Transformation Program which sets targets for diversifying the oil-dependent economy.“The intention also is to transform the society,” Culture and Information Minister Adel al-Turaifi told reporters on the sidelines of a briefing
CultureJune 8, 2016
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Saenuri yields on Assembly speakership
The ruling Saenuri Party announced Wednesday that it would forgo its bid to hold the post of the National Assembly’s speaker, boosting hopes for a breakthrough in the deadlock over the formation of the new parliament. The Saenuri Party’s floor leader Rep. Chung Jin-suk said that his party has decided to “yield” on the speaker seat and offer it to the main opposition party. The Saenuri party had previously insisted that it is “customary” for the ruling party to keep the top job in the Assembly.“I
PoliticsJune 8, 2016
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Household goods firms sign safety accord
The Environment Ministry signed memorandums of understanding Wednesday with 59 household goods firms here to review the safety of biocides in their products amid a growing nationwide “chemical-phobia” following a humidifier disinfectant tragedy, which allegedly claimed more than 200 lives since 2011.In a group briefing Wednesday attended by representatives of manufacturers, distributors and importers, the ministry said that it will first review products like deodorants and spray items of these c
Social AffairsJune 8, 2016
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Single women relieve stress with alcohol: survey
A high number of single women in South Korea turn to alcohol to relieve stress or depression, a survey showed Wednesday.According to the survey by Seoul National University’s College of Nursing, about 38 percent of respondents said that they are under heavy stress in their daily life, with 13.5 percent feeling sad or despairing for at least two consecutive weeks in the past year.Some 1,700 single women aged 19 or above participated in the national health and nutrition survey between 2010 and 201
Social AffairsJune 8, 2016
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[FEATURE] Elderly victims overlooked in disinfectant tragedy
It took Ryu Jae-wook several years to bring himself to apply to the government for a health probe over the death of his father who had regularly used a toxic humidifier disinfectant. Although the government accepted such applications from product users over four separate occasions since 2011, with the latest one currently underway, Ryu deliberately ignored such information, telling himself that his father died of old age not from using the disinfectant. His father passed away in June 2006, and h
Social AffairsJune 8, 2016
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Artist Christo walks on water with “Floating Piers”
ISEO, Italy (AP) -- It’s taken nearly 2,000 years, but regular folks will soon get to feel what it is like to walk on water thanks to a project by the artist Christo, who may or may not have had his namesake in mind when envisioning his latest project: “The Floating Piers.” “Any interpretation is legitimate,” Christo, 80, allowed graciously in an interview Tuesday with the Associated Press at the picturesque Lake Iseo in northern Italy where his 23rd large-scale installation is just a week and a
PerformanceJune 8, 2016
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[Lee Chang-Hoon] Franco-Korean relations 1904-1953
This is the last of a three-part contribution on diplomatic relations between Korea and France, which marked the 130th anniversary of its establishment this year. — Ed. Lending Korea a helping hand in times of crisis They say that “there are no eternal friends or eternal enemies in the international politics”. The cold-blooded nature of the international politics is well expressed by the word “alliance”. Alliances were actively and exclusively pursued by the world powers during the so-called imp
ViewpointsJune 8, 2016
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Gallery operator indicted for counterfeiting S. Korean artist‘s works
Prosecutors said Wednesday they have indicted a 66-year-old gallery operator on charges of forging artworks made by renowned Korean artist Lee U-fan.The Seoul Central District Prosecutors’ Office said the suspect, identified only by his surname Hyeon, is accused of receiving some 1.3 billion won ($1.1 million) in 2012 for drawing and selling three fake artworks.The 66-year-old allegedly received an offer from an unidentified antique dealer to fabricate Lee’s works in 2011, in return for 50 perce
PerformanceJune 8, 2016
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[John-Clark Levin] Lessons from D-Day’s leaders
This year, the youngest draftees who invaded Normandy on June 6, 1944 are 90 years old. By now, our cultural understanding of D-Day focuses on the valor of those young men who fought and died on the beaches. The enduring image of the day is Robert F. Sargent’s photo “Into the Jaws of Death,” which shows American soldiers wading out of a landing craft toward forbidding, smoke-shrouded cliffs — not fearlessly, but in spite of their terror. Yet while the courage and fortitude of the everyday soldie
ViewpointsJune 8, 2016