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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Who's lying? Hybe vs. Min conflict continues to intensify
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[Photo news] Faker Mercedes
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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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'Shaman says president will die,' caller warns
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Anti-LGBT pastor booked for violating election law
A 63-year-old female pastor was booked without detention on Tuesday for violation of an election law. Surnamed Choi, the pastor had spread fliers during the election period in April against candidates who had called for equal rights for homosexuals.(Yonhap)Those targeted by Choi for “defending and promoting” homosexuality include candidates who called for including homosexuals in an antidiscrimination law, and those who called for a revision of the military criminal act that would allow homosexu
Social AffairsMay 31, 2016
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Attempted rapist gets 3 1/2 years in prison
Ulsan District court on Thursday sentenced a man who attempted to rape a woman to 3 1/2 years in prison, along with 80 hours in a rehabilitation program. The woman had been in the same class as the man in university and according to the court, the two had had a fairly close relationship until she began to draw the line. (123RF)The man had asked the woman out and drugged her coffee while the two of them were in his car, said the court. He then drove her to his house and attempted to rape her, ho
Social AffairsMay 31, 2016
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POSCO retakes 4th place in global steel production
POSCO, South Korea's biggest steelmaker, has regained its status as the world's fourth-largest steel-producing firm, data from the World Steel Association showed Tuesday.The Pohang-based company produced 41.9 million tons of crude steel in 2015, ranking as the world's fourth largest steel producer, up one notch in the ranking.It ranked fourth by output in 2011, but it remained fifth for three years till last year.POSCO's production was little changed from the 41.5 million tons recorded in 2014.T
IndustryMay 31, 2016
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[Editorial] Cozy relations
The accounting industry has faced criticism over its allegedly negligent audits on some corporate clients. Its responsibility has come under the spotlight in line with the recent woes in the shipbuilding and shipping sectors.A notable example is Daewoo Shipbuilding & Marine Engineering’s financial statements, which were audited by Deloitte Anjin, a local member of British firm Deloitte Touche Tohmatsu Ltd.Deloitte Anjin earlier issued an auditor opinion of “optimum” about DSME’s financial statem
EditorialMay 31, 2016
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[Editorial] Failing shipbuilders
STX Offshore & Shipbuilding has filed for court receivership after three years of futile turnaround efforts led by its creditors. Applying for court protection last Friday, the company asserted that its value as a going concern would be higher than that coming from sales of its assets.The bankruptcy court is expected to decide in a couple of months whether to allow the shipbuilder to start rehabilitation efforts or to liquidate it.The downfall of STX Shipbuilding highlights the flaws in creditor
EditorialMay 31, 2016
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Parliamentary majority supports punitive damages
A majority of lawmakers in the new National Assembly have shown support for introducing consumer class action lawsuits and punitive damage compensation, according to a consumer body on Tuesday.The Korea National Council of Consumer Organizations said that out of the 127 parliament members who responded to its survey, 108 advocated punitive damages.Punitive damages, also called exemplary damages, are an additional financial sanction placed on guilty defendants who have caused grave financial dama
PoliticsMay 31, 2016
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Rights watchdog concerned over forced hospitalization of mentally ill people
National Human Rights Commission chairman Lee Sung-ho on Tuesday expressed concern over the police’s recent decision to hospitalize individuals with mental illness should they show signs of violent or criminal behavior. He said such a measure may trigger unnecessary stigmatization against the mentally ill. The police’s decision was announced last week following the recent Gangnam murder case, in which a 23-year-old woman was stabbed to death by a man with a history of schizophrenia who said he k
Social AffairsMay 31, 2016
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Police blasted over management of ex-convicts
The police has came under fire for lax management of ex-convicts and their inability to prevent crimes by second offenders, as it was revealed Tuesday that they had failed to monitor an ex-convict suspected of murdering a 63-year-old woman on a mountain trail. The suspected killer, identified only by his surname Kim, was not included in the police’s monitoring list of ex-convicts for the past four months, which allegedly allowed him to dodge them and commit the crime. The victim was found dead i
Social AffairsMay 31, 2016
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Former Saenuri floor leader calls for 'republic state'
Independent lawmaker Rep. Yoo Seung-min on Tuesday urged political groups to embrace the idea of a “republic state,” a move seen to emphasize his centrist agenda amid speculation over whether he would return to the conservative Saenuri Party.The four-term lawmaker and former whip defected from the ruling party in April after clashing with President Park Geun-hye and her factional Saenuri members. After winning the general election as an independent, Yoo asked to return to the party, but the requ
PoliticsMay 31, 2016
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KCCI seeks growth blueprint from Assembly
The Korea Chamber of Commerce and Industry, the leading business association here, submitted a letter to the new National Assembly on Tuesday, requesting it to prepare a long-term economic blueprint for the nation.“The 20th National Assembly will see a change in the nation’s economic growth formula,” the KCCI said in its letter delivered to the policy committee of each political party.The National Assembly Park Hae-mook/The Korea Herald“(The legislature) should work on building a new legal syste
PoliticsMay 31, 2016
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N.K missile launch fails for 4th straight time
North Korea on Tuesday attempted yet another launch of its Musudan intermediate-range ballistic missile that ended in failure, sending mixed signals to the international community less than two weeks after proposing talks with Seoul.According to the Joint Chiefs of Staff, the missile was fired around 5:20 a.m. in Wonsan, Gangwon Province.“The North has consistently been attempting ballistic missile launches since Kim gave the orders (for a ballistic missile test launch) on March 15. The military
North KoreaMay 31, 2016
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[NEWS FOCUS] ‘Comfort women’ fund faces hurdles
With the initiative to set up a foundation for “comfort women” victims being set in motion, the newly created preparation committee appears to be already in the hot seat, fanning controversy over its membership, compensation plans and decision-making processes involving Japan. Tuesday’s launch came in the face of resistance from many victims. Of the surviving 42, 29 filed a constitutional appeal last March, saying their basic rights were violated by the Dec. 28 agreement between Seoul and Tokyo.
North KoreaMay 31, 2016
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‘Comfort women’ foundation preparation launches in controversy
Preparations for a foundation to support World War II South Korean sex slavery victims formally began Tuesday, but almost immediately prompted controversy with the preparatory committee chief saying Japan’s funds cannot be considered as compensation.Kim Tae-hyun, the head of the newly launched preparatory committee, said at a news conference, “We agreed that the funds provided by Tokyo were to be used to restore the victims’ dignity and heal their emotional wounds.“I think of it as chiyugeum (fu
PoliticsMay 31, 2016
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[Mohamed A. El-Erian] Central banks can’t go it alone anymore
Whether through signals from the Group of Seven meeting this week or in the outcome of the latest round of European negotiations on Greece, officials of advanced countries are increasingly acknowledging that the problems facing their economies require a new response to take over from the overlong use of narrow short-term tools. This recognition has been too long in coming and, judging from the regrettable lack of credible and detailed action plans, still needs time to be translated into progress
ViewpointsMay 31, 2016
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[Kim Seong-kon] Foreigners would be perplexed by Korean mindset
I have often thought that foreigners living in Korea would be baffled by many things happening in contemporary Korean society. These days, foreigners would be puzzled at hearing young Koreans complain that they now live in hell. We cannot blame these frustrated young people because they had to go through the inferno of the “college entrance exam hell” but still cannot find decent, stable jobs. We should have found a cure for the chronic disease of exams and created enough jobs for unemployed you
ViewpointsMay 31, 2016
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[Cass R. Sunstein] Why are people queasy about GM food?
Democrats pride themselves on their commitment to science. Citing climate change, they contend that they are the party of truth, while Republicans are “denialists.” But with respect to genetically modified organisms, many Democrats seem indifferent to science, and to be practicing a denialism of their own -- perhaps more so than Republicans. What’s going on here?The National Academies of Sciences, Engineering, and Medicine just issued a book-length report, strongly reaffirming what American and
ViewpointsMay 31, 2016
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[David Ignatius] Kurdish factions should make common cause
One cause for Syria’s torments is that regional powers have used proxy forces to advance their position in the “great game” of influence, without regard for the effects on the Syrian people.An example is the standoff between two Syrian Kurdish militia groups. One, known as the YPG, appears to be tacitly backed by an odd coalition that includes the United States, and, less visibly, Russia and Iran. The other, much smaller group known as the Peshmerga of Rojava, or “Roj Pesh” is supported by Iraqi
ViewpointsMay 31, 2016
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[Lee Jae-min] Is Britain leaving the EU?
Global political leaders are scrambling to send a message out. They have been in almost unison in underscoring the challenges Great Britain may face once it decides to leave the EU. The British national referendum is just three weeks away, to be held on June 23. Polls indicate that the outcome is too close to call.The pro-remain group in the United Kingdom points to the economic damage that it says will result from the departure. Statistics put a possible British economic loss as a result of the
ViewpointsMay 31, 2016
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Doosan completes asset sales to raise 3.3 tln won
Power and construction equipment conglomerate Doosan Group raised a total of 3.3 trillion won by selling affiliates, business units and assets over the past two years to shore up its shaky balance sheet, industry sources said Tuesday.Earlier in the day, Doosan sold off its defense unit, Doosan DST, to Hanwha Techwin Corp., a defense unit of major South Korean business group Hanwha, for 354 billion won, according to the sources.In March, Hanwha Techwin was picked as the preferred bidder for Doosa
May 31, 2016
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N. Korea to hold congress of youth in Aug.
North Korea will hold a youth congress in August, its official news agency said Tuesday, as the country continues to rally support behind leader Kim Jong-un following a recent ruling party gathering that further solidified his one-man rule of the country. A meeting of the central committee of the Kim Il-sung Socialist Youth League held on Monday "decided to convene the 9th Congress of the youth league in Pyongyang in the latter half of August," the North's Korean Central News Agency said.It wil
North KoreaMay 31, 2016