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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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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JYJ's Junsu to stage outdoor showcase
Junsu of South Korean boy band JYJ will throw a solo outdoor showcase in Seoul, his star agency said Friday.The 29-year-old heartthrob will perform in the patio near the east gate of COEX, southern Seoul, at 7:30 p.m. on May 30, according to C-JeS Entertainment.The event is organized to promote his fourth full-length solo album "Xignature," to be released the same day.His showcase will be broadcast in real time through "1theK," an online broadcast channel operated by South Korean music streaming
PerformanceMay 20, 2016
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Drama 'My Sassy Girl' to premiere in 2017
The TV adaptation of the 2001 hit South Korean movie "My Sassy Girl" will premiere in the first half of 2017, its publicist said Friday.The SBS series will be set in the Joseon Dynasty (1392-1910) period, with actor Joo Won playing Gyeonwoo, the male lead, Ytree Company said.Producer Oh Jin-seok, who created the SBS drama "Yong-pal" starring Joo last year, will lead the production.Auditions are currently underway to find the right woman to play the "sassy girl," who is never named in the movie.A
TelevisionMay 20, 2016
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Gov't to break ground on 'hallyu' park
South Korea on Friday said it has started the construction of a "hallyu" park in line with its move to establish sustainable attractions to lure Asian tourists.K-Culture Valley, a cluster of various cultural facilities to be located in Goyang, Gyeonggi Province, aims to promote the hallyu wave, which refers to the boom of South Korea-made entertainment goods around the globe, including pop music, movies and TV dramas. President Park Geun-hye also attended the groundbreaking ceremony for the zone
CultureMay 20, 2016
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Russia joins U.N.-led sanctions on N. Korea: media report
Russia has joined other countries in imposing sanctions on North Korea in line with the United Nations' push to punish Pyongyang for its nuclear test and other provocative acts this year, a Washington-based media outlet said Friday.Radio Free Asia said in a report posted on its website that Russia's central bank recently ordered other local banks and financial institutions to halt transactions with North Korea.The central bank also said that transactions of bonds held by North Korean individuals
North KoreaMay 20, 2016
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ICT Ministry to transform Jeju into animation hub of Asia
SEOGWIPO, Jejudo Island -- Although Korean animations boast impressive quality, matching those of the U.S. and Japan, the nation lacks large-scale animation studios that have expertise in both production and distribution for the global market.In order to make up for the shortage and vitalize the domestic animation industry, the Ministry of Science, IT and Future Planning and the Jejudo Island government launched the Asia CGI Animation Center, or ACA, an incubation center for animators, in Seogwi
TechnologyMay 20, 2016
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Korean customers left in lurch by Volkswagen over emissions scandal
Volkwagen AG has rolled out a set of measures, including expensive recalls and cash rewards, to placate customers cheated over gas emissions in the United States and Japan, but Korean customers seem to be left in the lurch by the emissions scandal, industry sources said Friday.According to the Korea Automobile Manufacturers' Association (KAMA), Volkswagen cut the prices of popular Golf and Polo models in Japan and extended the warranty service period and other benefits.In the U.S., the German au
MobilityMay 20, 2016
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Koreans' overseas card spending shrinks 3.8% in Q1
Overseas card spending by Koreans shrank in the first quarter despite a large increase in the number of people going overseas, the central bank said Friday.In the January-March period, overseas card spending amounted to $3.3 billion, down 3.8 percent from the previous quarter, according to the Bank of Korea (BOK). From a year earlier, the Q1 tally marked a 2.7 percent increase. (Bloomberg)Overseas card spending includes purchases made with debit and direct payment cards, in addition to credit ca
May 20, 2016
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Foreign ownership of Korean land grows in 2015
Foreign ownership of land in Korea grew slightly last year from a year earlier amid rising Chinese investment in the southern resort island of Jeju, the government said Friday.The amount of land owned by foreign entities came to 228.27 million square meters as of end-2015, up 9 percent from the previous year's 208.28 million, according to the Ministry of Land, Infrastructure and Transport.The land owned by foreign investors or companies accounted for 0.2 percent of the country's total area, with
May 20, 2016
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Korean shares open higher on tech gains
Korean shares opened higher Friday partly on advances by tech shares.The benchmark Korea Composite Stock Price Index (KOSPI) added 0.17 percent, or 3.28 points, to 1,950.06 in the first 15 minutes of trading.Large caps traded mixed.Tech giant Samsung Electronics gained 0.24 percent, while top auto parts maker Hyundai Mobis added 0.62 percent. (Yonhap)Leading carmaker Hyundai Motor shed 0.37 percent, while its smaller affiliate Kia Motors advanced 0.32 percent.The local currency was trading at 1,
May 20, 2016
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Trillions of won in fresh bank notes to be relocated, along with BOK
Literally trillions of won will be physically relocated early next year in what will be a once-in-a-lifetime event for South Korea's central bank, bank officials noted Friday, though the actual event itself may not be for everyone to see.The scheduled relocation of the money comes as the Bank of Korea's Seoul headquarters is set to undergo a three-year renovation that will include the reconstruction of the main annex building.It will mark the first time the central bank, as well as its cash rese
May 20, 2016
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Obama to take 'brief tour' of Hiroshima Peace Memorial Park: White House
U.S. President Barack Obama's planned visit to the Japanese city of Hiroshima will include laying a wreath at the Hiroshima Peace Memorial Park and a "brief tour" of the memorial grounds, a senior White House official said Thursday."We anticipate that he will be able to visit the Hiroshima Peace Memorial to lay a wreath and engage in a brief tour of the memorial grounds after which he will be able to deliver a statement reflecting upon what his impressions are," Deputy National Security Advisor
InternationalMay 20, 2016
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Ban's trip to S. Korea no political move: top aide
A top aide to U.N. Secretary-General Ban Ki-moon said Thursday that Ban's upcoming visit to South Korea is no political move, rejecting speculation the trip might be tied to his presidential ambitions.Ban's office announced last week that he will visit South Korea on two occasions beginning May 25 for a series of international conferences. Earlier this week, the office added two new events to Ban's itinerary, a visit to a folk village and a speech near Seoul, fueling speculation about his politi
PoliticsMay 20, 2016
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Clinton says Trump's statement on N.K. shows he's not qualified to be president
U.S. Democratic presidential candidate Hillary Clinton on Thursday accused her Republican rival Donald Trump of "praising" North Korean leader Kim Jong-un, saying it is one of a series of statements that show the real-estate tycoon is not qualified to be president.Clinton made the remark in an interview with CNN, calling the North's leader "a despotic dictator.""Whether it's attacking Great Britain, praising the leader of North Korea, a despotic dictator who has nuclear weapons, whether it is sa
InternationalMay 20, 2016
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House lawmaker calls Trump's willingness to meet with N.K. leader 'ludicrous'
A U.S. House Republican lawmaker blasted Donald Trump's willingness to hold talks with North Korean leader Kim Jong-un, saying such a meeting will only bolster the stature of a dictator seeking to "nuke the United States.""You don't meet with a dictator like Kim Jong-un. All you do is, you feed into him at that point, you strengthen him. You put him in a better position," Rep. Adam Kinzinger (R-IL) said on CNN, calling the real-estate tycoon a "populist.""The reality is, Donald, you may have goo
InternationalMay 20, 2016
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Samsung Biologics selects five IPO advisers
Samsung BioLogics on Thursday said it has selected five advisers to lead its initial public offering process on Korea’s main bourse KOSPI.They include a mix of Korean and foreign investment banks including Korea Investment Securities, NH Investment & Securities, Citigroup, J.P. Morgan and Credit Suisse.The Samsung BioLogics headquarters in Songdo, Incheon (Samsung BioLogics)Korea Investment Securities will represent the Korean investment banks while Citi will represent the foreign side, Samsung
IndustryMay 20, 2016
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U.S. soldier caught after deserting military unit ahead of trial
South Korean police said Thursday they have taken an American soldier into custody five days after he deserted his front-line base ahead of a trial on charges of possessing child pornography.The 25-year-old serviceman was caught in western Seoul at around at 5:30 p.m. by police who chased after him near the area based on his credit card payment information, officials said. The soldier, whose identity was withheld, was serving at U.S. Army's 2nd Infantry Division at Camp Casey in Dongducheon, som
DefenseMay 19, 2016
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EgyptAir plane carrying 66 has crashed: Aviation officials
CAIRO (AP) — An EgyptAir flight from Paris to Cairo with 66 passengers and crew on board crashed in the Mediterranean Sea off the Greek island of Crete early Thursday morning, Egyptian and Greek officials said. A frosted glass partition is seen at the EgyptAir counter at Charles de Gaulle Airport outside Paris, France, Thursday, May 19, 2016. EgyptAir said a flight from Paris to Cairo disappeared from radar early Thursday morning. (AP)Egyptian Prime Minister Sherif Ismail said it was too early t
World NewsMay 19, 2016
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China urges Japan not to repeat militarism with Obama's Hiroshima visit
Japan must reassure the world that it will not repeat the past by walking down the path of militarism when U.S. President Barack Obama visits the Japanese city of Hiroshima late next week, China's foreign ministry said Thursday. On May 27, Obama will become the first sitting U.S. president to visit Hiroshima since it was hit by an American nuclear bomb in 1945. Along with a second nuclear bombing on Nagasaki, these attacks forced Japan to accept unconditional surrender that hastened the end of W
InternationalMay 19, 2016
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Hotel Lotte IPO expected to become S. Korea's biggest offering
South Korean retail giant Lotte Group's hotel unit said Thursday it will go public on the KOSPI market on June 29, which is expected to fetch over 5 trillion won ($4.19 billion) to mark as the nation's largest-ever initial public offering.Hotel Lotte Co. said in a regulatory filing that it will offer 47.85 million shares at a range between 97,000 won to 120,000 won per share. Hotel Lotte (Yonhap)The offering is estimated to be around 4.6 trillion to 5.7 trillion won, and its medium range of pric
May 19, 2016
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Hanjin Shipping bondholders agree to debt maturity extension
Bondholders of Hanjin Shipping, Korea’s biggest container carrier, agreed to extend the maturity of debts for four months, in a major step to help the company avoid bankruptcy. Hanjin Shipping's container ship (Yonhap)During a meeting on Thursday, bondholders gave the nod to the firm’s proposal to roll over 35.8 billion won ($30 million) in bonds due next week. On May 5, creditors of the Cash-strapped Hanjin Shipping agreed to offer financial assistance to the company and initiate a corporate re
May 19, 2016