Most Popular
-
1
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
2
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
3
Korea to face another massive shortfall in tax revenue
-
4
Who's lying? Hybe vs. Min conflict continues to intensify
-
5
[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
-
6
[Photo news] Faker Mercedes
-
7
SK hynix outpaces Samsung, Micron with more powerful AI chips
-
8
Power of nostalgia brings K-pop legends back together
-
9
North Korea unveiling uranium enrichment site a US election-conscious move: NIS
-
10
Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
-
Korean cosmetics manufacturers thrive in China
South Korean cosmetics manufacturers have grown quickly in China on the back of their advanced production technology and K-beauty boom in the fast-rising market, industry officials said Tuesday. Chinese cosmetics brands have expanded their partnerships with Korean original design manufacturers, which design and manufacture a product as specified and rebrand it for its client to sell.Cosmax Co., South Korea's leading ODM, has produced cosmetics in China and supplied products to 150 Chinese brands
IndustryMay 24, 2016
-
Korea designates new ambassador to Japan
South Korea has designated a career diplomat with expertise on Asia as its new ambassador to Japan, a government source said Tuesday.Lee Joon-gyu, 62, is to replace Yoo Heung-soo, who offered to resign last month, according to the source who requested anonymity.Lee served as ambassador to India until last year. Lee Joon-gyu (Yonhap)His official inauguration will take some time since he has to receive so-called "agreement" from Tokyo, a diplomatic procedure that could take up to 40 days.Lee, who
Foreign AffairsMay 24, 2016
-
Gov't, Saenuri mull over delaying taxes for shipbuilder subcontractors
The government and the ruling Saenuri Party said Tuesday they will consider holding off on taxing the subcontractors of financially troubled shipbuilders to help those companies better deal with the sweeping restructuring efforts under way.During the meeting, the two sides agreed to give tax-related favors and waive mandatory insurance fees from the subcontractors of local shipbuilders as they have been struggling with belt-tightening measures to stay afloat amid the present industrywide slump."
IndustryMay 24, 2016
-
Super luxury goods free from economic slump
Hermes, a French high fashion brand, has proven to be a rare exception to the downturn in the luxury market, its trademark handmade handbags having long run out of stock in South Korea, industry officials said Tuesday.Global consulting firm Bain & Company in January estimated that the world's luxury market sales stopped at 1-2 percent growth last year, down from 7 percent two years before. Hermes, however, has displayed high and continued sales growth, at least in South Korea, data from local de
IndustryMay 24, 2016
-
Korea recoups 66% of public funds
South Korea has recovered around 66 percent of the public funds spent since the 1997 Asian financial crisis to bail out ailing companies, government data showed Tuesday. From November 1997 to March 2016, the government extended a total of 168.7 trillion won ($145 billion) in public funds to help financially troubled companies hit by the 1997 and the 2008 financial crises, the Financial Services Commission said in a statement. Financial Services Commission chairman Yim Jong-yong (Yonhap)As of Ma
May 24, 2016
-
N. Korean envoy downplays Trump's willingness to talk: report
North Korea's ambassador to Geneva reportedly downplayed U.S. presidential candidate Donald Trump's willingness to hold talks with the North's leader, Kim Jong-un, as a gesture for campaign purposes."It is up to the decision of my supreme leader whether he decides to meet or not, but I think his idea of talk is nonsense," Reuters quoted Amb. So Se-pyong as saying in Geneva. "It's for utilization of the presidential election, that's all. A kind of a propaganda or advertisement ... This is useless
North KoreaMay 24, 2016
-
Statute of limitations for ex-presidential spokesman expires
The statute of limitations for a misdemeanor sexual abuse allegation against former South Korean presidential spokesman Yoon Chang-jung has expired, his lawyer said Monday.Yoon was accused of making unwanted sexual advances toward a young intern working as his temporary secretary while he was in Washington to accompany President Park Geun-hye on her first visit to the U.S. since taking office earlier that year.Yoon was fired in the middle of the trip, immediately after the allegations surfaced.S
PoliticsMay 24, 2016
-
Ex-U.S. nuclear negotiator expresses condolences over N.K. diplomat's death
Former U.S. nuclear negotiator Robert Gallucci expressed condolences Monday over the passing of his former North Korean counterpart Kang Sok-ju, saying the veteran diplomat was a "creative thinker" and a "skilled negotiator."Kang, a former first vice foreign minister of the North, died Friday of esophageal cancer at age 76. He has long been a top foreign policy brain of the North and negotiated the Agreed Framework deal with the U.S. that defused the 1993-94 nuclear crisis."In 1993 and 1994, Kan
North KoreaMay 24, 2016
-
N. Korea poses 'biggest challenge' to nuclear-free world: Obama
U.S. President Barack Obama said North Korea poses the "biggest challenge" to efforts to realize a world without nuclear weapons.Obama made the remark in an interview with Japan's NHK television, saying one of the purposes of his planned visit to the Japanese city of Hiroshima is to demonstrate his commitment to a nuclear-free world."I think the biggest challenge we have right now with respect to nuclear weapons is the dangers of the nuclear program in Pyongyang, in North Korea. And there has be
North KoreaMay 24, 2016
-
Iran and India sign port deal, other economic agreement
India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both plan a number of projects they say are worth hundreds of millions of dollars in joint projects.The deal and plans were announced during a visit by an Indian Prime Minister Narendra Modi, the first such trip in more than a decade.In a ceremony marking the agreements Prime Minister Narendra Modi said the bilateral agreement to develop Chabahar, in southern Iran, and the “availability of about
World NewsMay 23, 2016
-
Japan’s fertility rate inches to highest level since mid-1990s
Japan’s fertility rate rose slightly last year, to the highest level since 1994, indicating Japanese Prime Minister Shinzo Abe’s economic program may had some success in slowing the rate of population decline.The total rate rose to 1.46 in 2015, inching up 0.04 percentage points from the previous year, according to the health ministry. The biggest contribution to the change came from women ages 30 to 34.An improvement in economic conditions in 2013 and 2014, the first two years of Abe’s reflatio
World NewsMay 23, 2016
-
Obama lifts decades-old arms ban in his 1st visit to Vietnam
U.S. President Barack Obama on Monday lifted a half-century-old ban on selling arms to Vietnam, looking to bolster a government seen as a crucial, though flawed partner in a region that he has tried to place at the center of his foreign policy legacy. Obama announced the full removal of the embargo at a news conference where he vowed to leave behind the troubled history between the former war enemies and embrace a new era with a young, increasingly prosperous nation. Obama steered clear of hars
World NewsMay 23, 2016
-
Gov't to adopt performance-based salary system without labor's consent
The government reiterated its position to adopt a performance-based salary system in state-run companies and institutions on a wider scale by the end of this year, a finance ministry official said Monday, as part of its efforts to reform the public sector.The government has pushed forward with the full introduction of the system to encourage competition among public servants, since promotions and salary have long been based on seniority, not merit.The system has so far been applied only to the e
Social AffairsMay 23, 2016
-
[JEJU FORUM] Jeju strives to boost global appeal
Positioned off the southern tip of the peninsula and at the center of Northeast Asia, Jejudo Island has for years been enticing tourists and investors from around the globe on the back of its natural sights, serenity and the K-pop culture craze. A destination for honeymoons and vacations, the volcanic island attracts more than 12 million people every year, adding to its regional cultural diversity. It boasts a mild climate, unique ecosystem, three UNESCO natural heritage sites and a host of trea
Foreign AffairsMay 23, 2016
-
[JEJU FORUM] Jeju at the center of peace-building efforts
Following the end of the Cold War, then-President Roh Tae-woo invited Soviet Union leader Mikhail Gorbachev for a historic summit in April 1991 on Jejudo Island, seeking to mend fences fraught by decades of ideological and military battles. The resort island has since been the venue for an array of peace-building efforts, capitalizing on its geopolitical location, natural beauty and tranquil environment. Art displayed at the International Peace Center JejuHeads of state and top officials from a
Foreign AffairsMay 23, 2016
-
[JEJU FORUM] Norwegian scholar criticizes no ‘exit strategy’ on N.K.
Despite Pyongyang’s unabated nuclear ambitions, Seoul should seek to craft an “exit strategy” to defuse cross-border tension away from the current focus on sanctions and pressure, said Johan Galtung, founder of the Peace Research Institute Oslo.Galtung, who also founded conflict mediation organization Transcend International, noted that the South Korean Park Geun-hye government, with its hard-line stance against the North, should now take a different approach.“I think it is more Washington’s rat
Foreign AffairsMay 23, 2016
-
[JEJU FORUM] Peace, another name for Jeju
By Han In-taekThe beauty of Jejudo Island needs no explanation. Every year over 10 million tourists visit Jeju from home and abroad. Jeju is designated as a world natural heritage site and a biosphere by UNESCO. Recently, it was also voted as one of the new Seven Wonders of the World.Perhaps a lesser known but no less important fact is that it is also an “island of world peace,” and every spring, thousands of people gather to talk about peace and prosperity. This annual gathering, the Jeju Forum
Social AffairsMay 23, 2016
-
[JEJU FORUM] ‘Jeju Forum to take comprehensive approach to peace’
Aiming to become the Asian version of the World Economic Forum, the Jeju Forum is once again inviting some 4,500 policymakers, business leaders and experts to Korea’s “Island of Peace” to discuss standout topics shaping the political and business landscape of East Asia and the world today. The 11th Jeju Forum will take place under the theme “Asia’s New Order and Cooperative Leadership,” touching on a wide range of key regional and global issues, from the North Korean nuclear threat and regional
Social AffairsMay 23, 2016
-
[JEJU FORUM] Jeju Forum goes beyond peace to expand scope
As its title suggests, the Jeju Forum for Peace and Prosperity has always been driven by a central mission to build peace in East Asia by facilitating a multilateral dialogue on peace, diplomacy and security among related stakeholders. Though its core vision remains unchanged, the forum has been expanding its scope and boundaries to devote attention to not just international relations, but also a wide range of subjects from other fields.Politicians, academics and other participants attend the 1
Social AffairsMay 23, 2016
-
[JEJU FORUM] Former Malay leader advocates ‘Criminalize War’ objectives
Former Malaysian leader Mahathir bin Mohamad, who will be attending the 11th Jeju Forum for Peace and Prosperity, said the forum complements the struggle of the “Criminalize War” objectives.“Only if war is regarded as a crime and those who launch wars of aggression are tried and punished will we have less war or more peace. With peace, there will be prosperity for all people,” said Mahathir, who heads the movement. In addressing recent tensions between the Koreas -- which was further escalated b
Social AffairsMay 23, 2016