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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State energy firms lose big on debt, price falls in 2015
State-run energy-related companies suffered huge losses in 2015 as they were hammered by crippling debt and sinking commodity prices, government data showed Wednesday.The three public energy firms -- Korea Water Resources Corporation (K-Water), Korea National Oil Corp. (KNOC) and Korea Resources Corp. (KORES) -- chalked up combined losses of more than 12 trillion won ($10.4 billion) last year, according to the data by the finance ministry and the All Public Information In-One government web site
IndustryJune 8, 2016
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N. Korean fishing vessel sent back after crossing inter-Korean border
A North Korean fishing vessel was sent back home after it accidentally crossed the inter-Korean sea border early Wednesday, South Korea's military said.The vessel was reported by a South Korean fishing boat around 3:40 a.m. some 21 kilometers south of the Northern Limit Line, the de facto maritime border, in the East Sea, according to the Joint Chiefs of Staff."A Navy ship was dispatched to the scene to search the boat, and found it had a problem with its navigation and (the crew) had no intenti
North KoreaJune 8, 2016
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N. Korea has begun nuclear reprocessing for plutonium production: report
North Korea has begun reprocessing spent nuclear fuel to produce plutonium that can be used for nuclear weapons, a senior U.S. State Department official was quoted as saying Tuesday."They take the spent fuel from the 5 megawatt reactor at Yongbyon and let it cool and then take it to the reprocessing facility, and that's where they've obtained the plutonium for their previous nuclear tests. So they are repeating that process," Reuters quoted the unidentified official as saying. "That's what they'
North KoreaJune 8, 2016
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U.S. missile defense system aimed only at N. Korea, Iran, not China, Russia: White House
The U.S. missile defense system is designed to counter "limited attacks from Iran and North Korea" and are not aimed at the strategic deterrence forces of Russia and China, the White House said Tuesday.The White House Office of Management and Budget made the point in a policy statement, expressing opposition to a proposal to remove the word "limited" from a section of the National Missile Defense Act of 1999 that says the U.S. policy is to deploy "an effective National Missile Defense system cap
DefenseJune 8, 2016
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Amid growing uncertainty Hotel Lotte delays IPO
Hotel Lotte on Tuesday postponed a plan to list itself on the nation’s main bourse this month in the face of growing concerns over an ongoing probe into a lobbying scandal involving the firm’s former executives.Hotel Lotte, the operator of the nation’s largest duty-free business, said in its report to the Financial Services Commission that it would delay its IPO to next month. It also said it would lower the price range to between 85,000 won and 110,000 won per share, from 97,000 won to 120,000
IndustryJune 7, 2016
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U.S. freezes more than $40,000 of blacklisted N. Korean officials
The U.S. Treasury Department has frozen more than $40,000 held by blacklisted North Korean officials in recent years, South Korean officials said Tuesday, in the latest sign of pressure on North Korea over its nuclear program.The Treasury Department froze $40,800 in a total of nine cases from May 2014 to April 2015, the officials said. The U.S.authorities found out the North Korean funds, which were exposed as financial transactions involving U.S. dollars going through the U.S. financial system.
North KoreaJune 7, 2016
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[Newsmaker] Hilary Clinton: Burning ambition and resilience to match
On the subject of women in politics, Hillary Clinton is fond of quoting the words of another illustrious first lady, Eleanor Roosevelt, who once said: “You need to grow a skin as thick as a rhinoceros.”When out on the stump, in cafes, churches and rallies across the country, Clinton tells a thousand tales of the adversity she has faced down over the course of four decades in public life.“I have the scars to prove it,” quips the 68-year-old, painted by her many enemies as “crooked,” “corrupt” --
World NewsJune 7, 2016
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Kerry: U.S., China determined to ‘fully enforce’ N.K. sanctions
BEIJING -- U.S. Secretary of State John Kerry said Tuesday that Washington and Beijing are determined to “fully enforce” sanctions against North Korea‘s nuclear and missile ambitions.“Neither one of our nations will accept North Korea as a nuclear weapons state,” Kerry told reporters at the end of high-level talks with his Chinese counterparts in Beijing. US Secretary of State John Kerry speaks alongside US Treasury Secretary Jacob Lew, Chinese Vice Premier Wang Yang and Chinese State Councilor
World NewsJune 7, 2016
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Victims of toxic chemicals call for safer society
Activists and families of toxic humidifier victims held a joint news conference on Tuesday with an advocacy group representing families of Samsung employees who contracted diseases or died, calling for a safer society.At the joint event held outside Samsung’s headquarters in southern Seoul, the participants denounced “conglomerates’ profit-focused practices and the government’s inaction,” which they saw as the major reason behind hundreds of deaths related to industries.EXPANDING PROTEST -- Memb
Social AffairsJune 7, 2016
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[Graphic News] An ice-free Arctic Ocean possible for the first time in 100,000 years
Due to global warming, scientists claim that the Arctic Ocean could become free of ice for the first time in 10 years. According to the Independent, professor Peter Wadhams, head of the Polar Ocean Physics Group at Cambridge University, predicted this based on satellite observation from the U.S. National Snow and Ice Data Center. Provisional satellite data of the data center shows there was just over 11.1 million square kilometers of sea ice on June 1, compared to the average over the last 30 ye
World NewsJune 7, 2016
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[Photo News] POSCO’s enlarged blast furnace
POSCO chairman Kwon Oh-joon (right) lights up the steelmaker’s reconstructed blast furnace No. 5 at Gwangyang steelworks in South Jeolla Province on Tuesday. The furnace grew to 5,500 cubic meters from 3,950 cubic meters following 112 days of repair works. (POSCO)
IndustryJune 7, 2016
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STX Shipbuilding put under court receivership
A local court on Tuesday approved a filing by financially shaky STX Offshore & Shipbuilding Co. to be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation.Last month, STX Shipbuilding, once the country's No. 4 shipbuilder, filed for receivership to stay afloat as its creditors decided to end a similar rehabilitation program for the shipbuilder.The shipbuilder has been under the control of its creditors since April 2013 amid a protracted slump in the sh
IndustryJune 7, 2016
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[Super Rich] Nexon founder likely to face summons
Kim Jung-ju, founder of the country’s biggest online gaming giant Nexon, is likely to be summoned by the Supreme Prosecutors’ Office soon in a probe to determine whether he paid kickbacks. Kim, who founded Nexon in 1994 with his university friend Song Jae-kyng -- current CEO of XLGames -- is a new breed of superrich in Korea. He is a self-made billionaire, having accumulated wealth of 4.9 trillion won ($4.2 billion) by incubating Nexon and investing in start-ups at home and abroad in a variety o
IndustryJune 7, 2016
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[Super Rich] Like father like son-in-law
Legendary Korean baseball pitcher Park Chan-ho and his millionaire father-in-law have more than family connections in common. Both currently have sizeable real-estate earnings and are committed to philanthropy. Park, the first Korean pitcher in Major League Baseball, currently has a net worth of $40 million, according to Celebrity Net Worth. Making his MLB debut in 1994 with the Los Angeles Dodgers, he earned a total of $88.9 million during his 18-year career thanks to his powerful pitching deli
IndustryJune 7, 2016
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[Hallyu Power] The Barberettes bring retro back
In an era when music has become so heavily dependent on technology to lend futuristic and computerized sounds, there’s a local Korean group that has its mind set on turning back the clock to the good old days of mom-and-pop stores, jukeboxes and barbershop quartets -- The Barberettes. The female doo-wop musical trio is one of the fastest growing nonmainstream groups in the Korean music industry today. With their covers of popular hits from the past like “Mr. Sandman” and “Lollipop” as well as or
PerformanceJune 7, 2016
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Beyonce steals show as surprise honoree at fashion awards
NEW YORK (AP) -- In a surprise appearance, Beyonce delighted a glittery fashion crowd Monday evening, showing up unannounced to accept the Council of Fashion Designers of America’s Fashion Icon award.Usually, organizers announce the name of the Fashion Icon winner well in advance, but this year they kept it under wraps until the end of the ceremony, when designer Diane von Furstenberg took the stage to introduce the pop superstar, saying she was everything women aspire to be. Designer Calvin Kle
Arts & DesignJune 7, 2016
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N. Korea vows to develop more nuclear weapons
North Korea pledged Tuesday to develop more nuclear weapons as its existing arsenal has helped raise the country's strategic leverage in dealing with external relations, the North's state media said.North Korea plans to actively pursue diplomatic policy commensurate with its enhanced global status which has been earned thanks to its nuclear weapons program, according to Rodong Sinmun, the North's main newspaper.The country has conducted four nuclear tests since 2006 with outside observers believ
North KoreaJune 7, 2016
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[Editorial] Row over posts
The 20th National Assembly convened its first session Tuesday, but lawmakers are sitting idle as rival parties have failed to reach an agreement on the election of the new Assembly leadership and committee chiefs.The law on the operation of parliament stipulates that the election of the speaker and vice speaker should be held on the first day of the first extraordinary session convened after the general election for Assembly members.The law also says the election of heads of the 18 standing comm
EditorialJune 7, 2016
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[Editorial] Dishonest prosecutor
The public’s trust in prosecutors -- already quite low -- has sunk further as a senior prosecutor has been found to have told lies in the process of clarifying how he earned huge stock trading gains last year. Jin Kyung-jun, the commissioner of the Korea Immigration Service under the Ministry of Justice, drew attention in March when the Government Public Ethics Committee disclosed the personal wealth of high-ranking government officials.Jin ranked sixth among the 1,813 senior government official
EditorialJune 7, 2016
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The millennials will inherit the earth. We’ll all be fine
The millennials have surpassed baby boomers to become the country’s largest living generation, according to the Pew Research Center. How does that make you feel? Responses in the form of a selfie or an emoji are optional. If you’ve never taken a selfie or used an emoji -- indeed, if you stumble over the terms -- you’re likely not a young-adult millennial. And you may wonder how things will pan out for society when they take charge. Especially since they never pry their phones away from their fac
ViewpointsJune 7, 2016