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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[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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[Photo news] Faker Mercedes
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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Who's lying? Hybe vs. Min conflict continues to intensify
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'Shaman says president will die,' caller warns
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Samsung Pay launches in Europe
Tech giant Samsung Electronics’ mobile payment solution Samsung Pay has hit the Spanish market, the company said Friday.The contactless payment solution, which works with traditional payment terminals as well as on near-field-communication-based terminals, is already available in South Korea, the United States and China. A consumer uses Samsung Electronics’ mobile payment solution Samsung Pay. (Yonhap)The launch of the contactless payment solution in Spain marks the first in Europe. “Our goal w
TechnologyJune 3, 2016
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[Box Office] Latest movie releases
The Handmaiden(Korea)Opened June 1Thriller, Drama. Directed by Park Chan-wookHorror Stories III(Korea)Opened June 1 Horror. Directed by Min Kyu-dong, Kim Gok, Kim Sun, Baek Seung-binIn a futuristic universe, a girl arrives on a planet ruled by machines and begins to tell an omnibus story of horror-filled experiences involving human beings (Lim Seul-ong, Park Jung-min, Kyung Soo-jin) and why she had to escape.Me Before You(U.S.)Opened June 1Romance, Drama. Directed by Thea SharrockA small town En
FilmJune 3, 2016
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Absurd ‘Lobster’ resonates despite its weirdness
In his movies, Greek writer-director Yorgos Lanthimos sets up surreal, outlandish premises and then pulls you inside, so the nonsensical takes on weighty, emotional import. In 2007’s Oscar-nominated “Dogtooth,” the lives of the members of a screwed-up family served as an exploration of misbegotten parenting and the perils of strict idealism. In 2011’s “Alps,” a group of eccentrics hired themselves out to people mourning the recent death of a loved one, examining the ways in which we all sometime
FilmJune 3, 2016
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Korean senior employment rate near top of OECD rankings
The employment rate for South Korean senior citizens ranks near the top of global rankings as more have to work after retirement due to an inadequate pension system and a lack of preparation for old age, a report showed Friday.The employment-to-population ratio for South Koreans aged 65 and older came to 31.3 percent in 2014, the second highest among members of the Organization for Economic Cooperation and Development, showed the report by the Paris-based club of rich economies.South Korea's fig
June 3, 2016
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Hyundai Heavy bags order for 2 LNG carriers
Hyundai Heavy Industries Co., an embattled shipbuilder, has clinched a deal estimated at $400 million, to build two liquefied natural gas carriers, industry sources said Friday.According to the sources, Hyundai Heavy has won the order from SK E&S Co., a local LNG importer, to build the two vessels, which can each carry 180,000 cubic meters of LNG.The vessels will be delivered starting in the first half of 2019, the sources said.Hyundai Heavy and other local rivals, such as Samsung Heavy Industri
IndustryJune 3, 2016
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Samsung Heavy considers stock sale, sister firms' participation in focus
Samsung Heavy Industries Co., a shipbuilding unit of the country's top conglomerate Samsung, has included a stock sale in its latest self-restructuring program, spawning speculation that its affiliates, including Samsung Electronics Co., may join forces to salvage the embattled shipyard, industry sources said Friday.According to the sources, Samsung Heavy's self-rescue plan to raise 1.5 trillion won ($1.26 billion), provisionally approved by its creditors, includes asset sales and a cut in the w
IndustryJune 3, 2016
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Korea, U.S. have no plan to discuss THAAD at defense chiefs' meeting: Seoul
South Korea's defense ministry on Friday said the issue of deploying a U.S. advanced missile defense system on South Korean soil will not be discussed at the upcoming meeting of the two countries' defense chiefs."The two countries are in consultation over the deployment of the Terminal High-Altitude Area Defense battery on South Korean soil. After the consultation is over, the results will come out," the ministry said in a statement.Seoul's reaction came as U.S. Defense Secretary Ash Carter said
DefenseJune 3, 2016
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Korea's foreign exchange reserves shrink in May
South Korea's foreign exchange reserves fell slightly from a month earlier in May due partly to a cut in the value of non U.S. dollar assets, central bank data showed Friday.As of the end of May, the country's foreign exchange reserves came to US$370.9 billion, down $1.58 billion from the previous month, according to the Bank of Korea.Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, as well as International Monetary Fund reserve positions, special
June 3, 2016
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Clinton underscores 'power of allies,' warns of dangers of Trump
Democratic presidential candidate Hillary Clinton said Thursday the United States is stronger and safer thanks to the "power of allies," warning that her Republican rival, Donald Trump, would significantly weaken the relationships.In a foreign policy speech, Clinton cited as an example how the U.S., South Korea and Japan worked together to cope with threats from North Korea, a country she called "the most repressive regime on the planet run by a sadistic dictator who wants to develop long-range
InternationalJune 3, 2016
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U.S. leaves out N. Korea from terrorism sponsors list
The United States left out North Korea from its latest list of states sponsoring terrorism Thursday, despite persistent calls for putting Pyongyang back on the list.The State Department's Country Reports on Terrorism 2015 said the North "is not known to have sponsored any terrorist acts since the bombing of a Korean Airlines flight in 1987."The North was put on the list in 1988 for the airliner bombing that killed all 115 people aboard, but the designation was rescinded in 2008 in exchange for p
North KoreaJune 3, 2016
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Park vows to boost startups by young people from Korea, France
South Korean President Park Geun-hye pledged Thursday to further facilitate startups by young people from South Korea and France as Seoul seeks to expand trade and investments with the European country.She said the two countries are set to sign a cooperation deal on creative economy following her summit with French counterpart Francois Hollande on Friday. President Park Geun-hye arrives in Paris Orly airport on June 1 (Yonhap)Park has been pushing for a creative economy by viewing it as the only
June 3, 2016
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Park vows to boost startups by young people from S. Korea, France
South Korean President Park Geun-hye pledged Thursday to further facilitate startups by young people from South Korea and France as Seoul seeks to expand trade and investments with the European country.She said the two countries are set to sign a cooperation deal on creative economy following her summit with French counterpart Francois Hollande on Friday.Park has been pushing for a creative economy by viewing it as the only viable growth engine for Asia's fourth largest economy. The president's
PoliticsJune 2, 2016
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ECB holds rates, gives current stimulus time to work
VIENNA (AP) -- The European Central Bank is expected to underline that its current stimulus measures are boosting the economy of the 19 countries that use the euro_ and need time to work before any new monetary jolts are added. After the bank left its key interest rates unchanged at its meeting Thursday, President Mario Draghi is likely to repeat his calls for national governments to take more steps themselves to boost growth and not rely on the central bank so much. He has called for government
World BusinessJune 2, 2016
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PyeongChang announces white tiger as mascot
A white tiger, a mythological guardian in South Korean folklore, will be the mascot for the country's first Winter Olympics in 2018.The PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) announced Thurday "Soohorang" will represent the Winter Olympics. The Asiatic black bear, named "Bandabi," will be the mascot for the Paralympic Winter Games, the POCOG added.The mascots were finalized following the POCOG's presentation to the International Olympic Committe
More SportsJune 2, 2016
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U.S. proposes new N.K. sanctions for money laundering
The newly proposed U.S. financial restrictions on North Korea are expected to hamper the North’s access to the global banking network by warning the international community against any transactions with the communist regime. Seoul on Thursday “welcomed” the U.S. designation of North Korea as a “primary money laundering concern” overnight, taking note of the Treasury’s portrayal as “the most significant measure available” under Section 311 of the Patriot Act. “The government highly appreciates t
North KoreaJune 2, 2016
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[Graphic News] Negotiations start on next year’s minimum wage
The negotiations for next year’s minimum wage has begun with the Minimum Wage Council convening its plenary session on Thursday. The deadline for the review and decision is June 28. The minimum wage is an obligatory limit set by the government. Employers violating the minimum wage can face up to three years in prison or a fine of up to 20 million won ($16,800).This year’s minimum wage has been set at 6,030, up 450 won from 5,580 won last year. The labor sector has been demanding the limit be rai
Social AffairsJune 2, 2016
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`VW expects to start recall in Korea this summer’
BUSAN -- A representative from the Korean unit of emissions-rigging scandal-marred German carmaker Volkswagen said the company is set to submit software to the Korean Ministry of Environment to fix about 125,000 affected vehicles, a critical step to push for its recall plan here.“The software will be presented in the near future (to the ministry). Once the software is tested and approved by the ministry as planned, we expect the recall can start this summer,” Volkswagen Korea CEO Thomas Kuehl to
BusinessJune 2, 2016
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China opposes unilateral sanctions as U.S. designates N. Korea money launderer
China said Thursday it opposes unilateral sanctions by a certain country against North Korea, reacting coolly to a U.S. decision that designated North Korea as a "primary money laundering concern" with the aim of blocking the North's access to the global financial system. The designation by the U.S. Treasury Department came as part of the North Korea Sanctions and Policy Enhancement Act enacted in February to punish Pyongyang for conducting its fourth nuclear test in January and a long-range roc
North KoreaJune 2, 2016
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Korea to support 53 foreign languages critical for national growth
The South Korean government on Thursday said it will designate a total of 53 special languages which it said are strategically important for sustainable national growth.The education ministry issued a preannouncement of legislation implementing the ordinance of the special foreign language education promotion law. This, it said, will help the country train people fluent in many languages that have growth potential. Better fluency in a language can help local companies enter new markets and fuel
Social AffairsJune 2, 2016
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More subsidies for 3rd child proposed
The Ministry of Health and Welfare on Thursday proposed a new measure to grant an extra 100,000 won ($84) monthly subsidy to families with a third child. In a bid to prop up the sluggish child birth rate in Korea, the government is supplying special subsidies to households with children under the age of 7 who are raising kids at home without the help of nurseries or kindergartens. (123RF)Currently, families with a third child who has yet to turn 1-year-old can receive a monthly subsidy of 200,00
Social AffairsJune 2, 2016