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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'Shaman says president will die,' caller warns
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N. Korea ranks near bottom among countries in internet connection speed: report
North Korea ranks 134th of the world's 170 countries in terms of internet connection speed, a U.S.-based media report said Wednesday.According to the Voice of America (VOA), North Korea's internet speed remained at 2.0 Mbps, a mere one-thirteenth of South Korea, which has the fastest Internet connectivity speed at 26.7 Mbps.The media report is based on the fourth quarter report of 2015 by Akamai, a cloud services provider that helps deliver content online. The service provider publishes its "Sta
North KoreaJune 8, 2016
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Opposition head makes first visit to JCS
Kim Chong-in, the leader of the main opposition Minjoo Party of Korea, visited the headquarters of the Joint Chiefs of Staff (JCS) on Wednesday as part of the liberal party's drive to highlight its commitment to national security.It marked the first time that the head of the main opposition party paid a call to the JCS.Earlier this month Kim, the interim leader, also visited a Marine Corps division located near the border with North Korea amid heightened inter-Korean tensions."The visit aims to
PoliticsJune 8, 2016
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Korean economy needs to be rebalanced
Korea faces an increasing need to ensure a balance between exports and domestic demand, which is crucial for the sustainable growth of its economy, economists say.They note changes in global economic conditions make the need more urgent but government policymakers are not yet fully up to the task.The country’s outbound shipments fell for the 17th consecutive month in May, though the pace of decline decelerated from the preceding months.The National Assembly Budget Office said in a report release
June 8, 2016
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Korea conducts maritime drills to protect Dokdo
South Korea's military and coast guard on Wednesday began two-day maritime drills aimed at better safeguarding the country's easternmost islets of Dokdo, amid Japan's persistent sovereignty claim.The South Korean military mobilized some 10 vessels, P-3 maritime surveillance aircraft and Lynx antisubmarine helicopters, along with Marine Corps personnel for the maneuvers in the East Sea, military officials said.The drills are being staged based on a scenario under which foreign forces are making a
DefenseJune 8, 2016
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Ruling party yields Nat'l Assembly speaker post to opposition
After a days-long stalemate, South Korea's ruling Saenuri Party announced Wednesday that it will allow the main opposition to appoint the new National Assembly speaker, which will allow 20th National Assembly to start work in earnest.The announcement made by Saenuri's floor leader Chung Jin-suk opens the door for the main opposition Minjoo Party of Korea to designate the new National Assembly speaker. The deadlock on who will sit in the speaker's chair has stalled all parliamentary proceedings s
PoliticsJune 8, 2016
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'Ode to My Father' screened for OECD officials, diplomats
"Ode to My Father," a major South Korean box-office hit, was screened at the Paris headquarters of the Organization for Economic Cooperation and Development (OECD) on Tuesday (local time) for its officials and diplomats there.Some 80 people, including OECD Deputy Secretary-General Rintaro Tamaki, attended the screening event held during lunch time. It was hosted by South Korea's Permanent Delegation to the OECD to mark the 20th year of Korea's membership in the organization for economic powers.S
FilmJune 8, 2016
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Samsung's gas range gets top marks from U.S. consumer reviewer
A new gas range manufactured by South Korean tech giant Samsung Electronics Co. has received the best evaluation among competitors from a U.S. consumer magazine, the publication showed Wednesday.Samsung's gas range with dual fuel technology, NY9000J, clinched the top spot with 79 points out of 100 in the most recent review by Consumer Reports in the double door section.South Korean rival LG Electronics Co.'s LDG4315ST came in second, followed by U.S. company General Electric (GE)'s CGS990SETSS,
IndustryJune 8, 2016
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Korean bizmen seek gov't approval to visit Gaeseong industrial park
A group of South Korean businessmen asked the government Wednesday to approve their visit to the now-shuttered joint industrial park in North Korea to check their factories.Twenty-three businessmen made the request to visit the Gaeseong Industrial Complex in the North's border city of the same name, saying they needed to check their facilities ahead of the summer rainy season.On Feb. 10, South Korea shut down the factory zone, some 50 kilometers northwest of Seoul, in response to the North's fou
North KoreaJune 8, 2016
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Blue House reshuffles key advisers
Cheong Wa Dae said Wednesday that it had named a former Saenuri lawmaker as new senior presidential secretary for political affairs.Kim Jae-won, a former lawmaker from the ruling Saenuri Party, is to take the post to replace Hyun Ki-hwan. Kim Jae-won“With his ample experience in the National Assembly and in the presidential office, Kim is qualified to play a connecting role between (Cheong Wa Dae) and the political circles,” Kim Sung-woo, senior presidential secretary for public affairs, said i
PoliticsJune 8, 2016
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S. Korea, EU agree to keep pressure on N. Korea
South Korea and the European Union agreed to keep pressure on the North Korean regime to force it to abandon its nuclear weapons program, officials said Wednesday.The consensus came during a meeting between Kim Hong-kyun, South Korea's special representative for Korean Peninsula Peace and Security Affairs, and Alain Le Roy, secretary-general of the European External Action Service, at the EU headquarters on Tuesday, according to South Korean diplomats here.North Korea has come under growing pres
North KoreaJune 8, 2016
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Volkswagen owners to demand refund of their cars
Thousands of Volkswagen owners plan to ask South Korea's environment ministry to order the local unit of the German carmaker to refund the cost of their cars, a lawyer said Wednesday.Jason Ha, who represents about 4,400 Volkswagen owners at Barun Law, said he will formally file the petition with the ministry as early as Thursday.He said the government can order carmakers to refund the cost of cars under the law.On Tuesday, the environment ministry rejected Volkswagen's plan to recall vehicles th
MobilityJune 8, 2016
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Park conducts reshuffle of presidential secretariat
President Park Geun-hye on Wednesday conducted a small-scale reshuffle of her senior secretaries and vice-ministerial officials amid calls for a personnel shift in the wake of the ruling Saenuri Party's defeat in April's parliamentary polls.Park appointed former Saenuri Party lawmaker Kim Jae-won as her new senior secretary for political affairs while naming Hyun Dai-won, a professor at the communication department of Sogang University, as her senior secretary for future strategy.She also tapped
PoliticsJune 8, 2016
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Gov't report cites continuing sluggishness in export, production
The South Korean economy has remained in the doldrums due to weak exports and production stemming from waning global demand, despite a slight recovery in domestic consumption, a government report showed Wednesday."Amid a delayed recovery of the world economy, faltering exports and production have dragged down the South Korean economy," the finance ministry said in its monthly economy assessment report called "Green Book.""But domestic demand, including private consumption, has been in a favorabl
June 8, 2016
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Ex-chairwoman of Hanjin Shipping summoned over illegal stock trading
A former head of Hanjin Shipping Co. was summoned by prosecutors Wednesday over suspicions she illegally sold company stock after obtaining insider information to avoid losses.Choi Eun-young appeared before the Seoul Southern District Prosecutors' Office as a suspect on charges of violating the Financial Investment Services and Capital Markets Act. Choi Eun-young (Yonhap)"I will fully cooperate with the investigation," she told reporters before entering the office. The 54-year-old and her two da
IndustryJune 8, 2016
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Defender not available for Olympic football
Veteran defender Hong Jeong-ho will not be made available by his German club for South Korea at this year's Summer Olympics, an official from the national football federation said Wednesday.The official said that FC Augsburg recently sent a letter to the Korea Football Association that they will not release Hong, 26, for the Rio de Janeiro Games in August. South Korea have been paired with Germany, Fiji and Mexico in Group C at the quadrennial event."In late May, Augsburg sent a letter that they
Olympic GamesJune 8, 2016
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Lawmakers' military exemption rate hovers below nat'l average
The percentage of lawmakers in the new National Assembly who were exempted from serving in the military has fallen below the national average, data showed Wednesday, a development that reflects growing demand that elected officials fulfill their obligations before asking for votes.Of the 249 male lawmakers in the 20th National Assembly who were elected in the April 13 polls, 208 had fulfilled their military duties, with the exemption rate standing at 16.5 percent, the Military Manpower Administr
Social AffairsJune 8, 2016
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Samsung's smartphone market share edges up in Q1: report
The global smartphone market share of South Korea's top smartphone maker Samsung Electronics Co. edged up in the first quarter of this year, a report showed Wednesday.Samsung took up 24.1 percent of the world's smartphone market in the January-March period in terms of revenue, a slight increase from 21.9 percent posted in Q4 of 2015, according to the latest research by industry tracker Strategy Analytics. LG Electronics Inc. saw its shares go down 0.6 percentage points to reach 2.7 percent, stan
TechnologyJune 8, 2016
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Daewoo Shipbuilding raided over alleged accounting fraud
Prosecutors raided Daewoo Shipbuilding & Marine Engineering Co. (DSME), one of the country's top three shipbuilders, on Wednesday over alleged accounting fraud and poor management amid an industrywide slump.The Supreme Prosecutors' Office said it dispatched some 150 investigators to raid the company's headquarters in central Seoul and its Okpo Shipyard on Geoje Island off the southern coast.State-run Korea Development Bank, the largest shareholder of the shipyard, as well as Deloitte Anjin LLC w
IndustryJune 8, 2016
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Mirae Asset to acquire Hawaii hotel
Mirae Asset Financial Group, South Korea's asset managing giant, will acquire a hotel in Hawaii for US$780 million in a business diversification strategy, people familiar with the matter said Wednesday. Mirae Asset Global Investments Co., a major unit of the country's biggest asset management company by funds under its management, has recently signed to take over a whole 100 percent stake in the Hyatt Regency Waikiki Beach Resort and Spa from the U.S.-based private equity fund Blackstone Group,
IndustryJune 8, 2016
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Korea lodges protest with China over illegal fishing
South Korea has lodged a formal protest with Beijing demanding it address the growing issue of illegal fishing by Chinese fishermen in South Korean waters, a Seoul official said Wednesday.The protest was delivered through diplomatic channels in the wake of the recent capture of Chinese fishing boats by South Korean fishermen near the inter-Korean border in the Yellow Sea, the official said on the condition of anonymity."We have persistently urged the Chinese side to draw up countermeasures to th
Foreign AffairsJune 8, 2016