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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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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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Korea shifts strategy on unmanned vehicle development
The Korean government announced plans Tuesday to streamline its underperforming programs in efforts to advance the local unmanned vehicle industry.It will focus first on developing "common technologies" crucial to drones, driverless cars and unmanned vessels, according to the Ministry of Science, ICT and Future Planning.The government has invested around 284 billion won ($241 million) in the related sector over the past four years."But it's evaluated to lag behind China and advanced nations in p
MobilityMay 17, 2016
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Samsung C&T stocks plunge as lower demand hits bottom line
Shares in Samsung C&T have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday.They attributed the fall largely to the company's drop in overseas orders and sluggish domestic demand for the construction, fashion and resort sectors.Samsung C&T, newly created on Sept. 1 last year through a merger between a construction and fashion unit of the same name and Cheil I
TechnologyMay 17, 2016
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North Korea's ceremonial head in Beijing en route to Africa
North Korea's ceremonial head of state, Kim Yong-nam, arrived in Beijing on Tuesday, apparently en route to some African nations, a diplomatic source said. Kim, the head of North Korea's rubber-stamp parliament, was seen arriving at the Beijing airport earlier in the day, and left the airport escorted by North Korean Embassy cars. The diplomatic source, who spoke on the condition of anonymity, said Kim made a stopover in Beijing before heading for some African nations. The source declined to say
North KoreaMay 17, 2016
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Prosecutors demand 17-year jail term for U.S. envoy attacker
Prosecutors sought a 17-year prison term for a 56-year-old South Korean man at an appeals court on Tuesday for assaulting the top U.S. envoy to South Korea last year as well as two prison staff.Kim Ki-jong is currently serving a jail term for attacking Ambassador Mark Lippert with a knife at a breakfast function in Seoul on March 5, leaving the U.S. ambassador with deep gashes on his face and arm that needed more than 80 stitches.A lower court had sentenced him to 12 years in prison. Later, in M
Social AffairsMay 17, 2016
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Korea issues additional travel warning for Laos
South Korea on Tuesday issued an additional travel warning for Laos as safety concerns grow following recent shooting attacks on cars. Under the warning, the lowest in a four-tier system, the Foreign Ministry alerted Korean nationals to stay vigilant when traveling in the Southeast Asian country along the border region between the northern province of Ruang Prabang and Vientiane.The decision was made amid increased safety worries after shooting attacks on moving vehicles were reported in the are
Foreign AffairsMay 17, 2016
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Chung calls for regular dialogue between legislative leaders of Korea, Japan
South Korea's parliamentary speaker Chung Ui-hwa called Tuesday for continuous dialogue between the legislative leaders of South Korea and Japan, stressing the need to expand bilateral exchanges in various areas, including culture, to forge a future-oriented relationship.During a meeting between the parliamentary leaders of the two neighbors, Chung also proposed strengthening exchanges among the two nations' parliamentary organs such as their secretariats, budgetary policy offices and libraries.
Foreign AffairsMay 17, 2016
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Struggling baseball club releases American pitcher
Struggling South Korean baseball club Samsung Lions released their American starter Collin Balester on Tuesday.The 29-year-old became the first foreign player to be ousted from the Korea Baseball Organization in 2016, after going 0-3 with a 8.03 ERA in three starts in his first season here. The right-hander gave up 20 hits and 12 walks in just 12 1/3 innings while striking out only five.He came down with a right elbow strain last month and had been rehabbing with the Lions' minor league club.For
BaseballMay 17, 2016
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Government policy coordination organization to lead climate change policies
South Korea's Cabinet on Tuesday approved revisions to a set of the enforcement ordinances on green growth and carbon emissions trading to have the Office for Government Policy Coordination spearhead the country's climate change policies.According to the revisions, the office under the prime minister will serve as a "control tower" to curb Asia's fourth-largest economy's carbon emissions starting next month, Seoul officials said. The Ministry of Strategy and Finance will craft and coordinate pol
Social AffairsMay 17, 2016
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Korea to abolish military service exemption to cope with dwindling population
South Korea will phase out the military's special rule that exempts natural science and engineering students from the compulsory military service in a move that takes into account the country's dwindling population, the defense ministry said Tuesday.All able-bodied South Korean men are required to finish a two-year military service as the country has been technically at war with North Korea after the 1950-53 Korean War ended in an armistice, not a peace treaty.Annually about 28,000 students with
DefenseMay 17, 2016
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[Photo News] Woori Wedding Day
Woori Bank plans to select 10 financially troubled international couples to hold group weddings for them on July 3 at the bank’s head office in Seoul. Applicants can submit their convincing stories to the bank by May 25. Go to www.woorifoundation.or.kr for more details. This wedding photo was taken in July last year with Woori Bank CEO Lee Kwang-goo (center) officiating the ceremony. (Woori Bank)
May 17, 2016
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Court upholds jail term for man over assassination plot against late defector
An appeals court handed down a three-year jail term to a South Korean man Tuesday for attempting to assassinate the highest North Korean official to have ever defected here.Upholding a lower court's decision, the Seoul High Court found the man, identified only by his surname Park, guilty of collaborating with another South Korean who said he was ordered by "a group associated with China" to assassinate Hwang Jang-yop.Hwang, known as the main architect of the North's "juche," or self-reliance ide
North KoreaMay 17, 2016
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Two out of 10 brokerage workers hold contract positions
The ratio of nonpermanent in the entire paid workers at Korea's 20 largest securities companies exceeded 20 percent in the first quarter due to increased staff turnover rates, government data showed Tuesday.In the January-March period, 20.8 percent of 30,174 workers at the 20 major brokerages held a short-term contract. It was up from 15.2 percent in 2014 and 18.6 percent last year, according to data from the Financial Supervisory Service (FSS)."As a growing number of securities firms adopt a pe
May 17, 2016
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Korean special forces join regional anti-piracy exercise
Some 330 South Korean special forces troops took part in a regional anti-piracy exercise in the South China Sea region with 17 other countries, the defense ministry said Tuesday.The maritime security exercise, which ran from May 1-12 in the waters between Singapore and Brunei, brought together special army and navy forces from the ASEAN Defense Ministers' Meeting Plus, it said.ADMM-Plus is a gathering of 10 ASEAN nations plus eight dialogue partners including South Korea, Japan, China, Russia an
DefenseMay 17, 2016
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Intel widens lead over Samsung in chip sales: report
Samsung Electronics, Korea's top tech giant, suffered "zero" growth in its chip sales in the first quarter of the year, while its U.S. rival Intel posted an 8.7-percent jump, a report showed Tuesday.The divergence has enabled Intel to extend its lead over Samsung in the global semiconductor industry, according to IC Insights.The market research firm released an updated list of the world's top 20 semiconductor suppliers. The 20 companies' combined sales decreased 6 percent on-year in the first th
TechnologyMay 17, 2016
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Shipbuilders' order backlog dips 19% in 2 yrs
The order backlog held by Korea's top three shipbuilders has dropped 18.6 percent over the past two years amid an industrywide slump in the global shipbuilding segment, data showed Tuesday.According to the data compiled by Hana Institute of Finance, the value of the combined order backlog by Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering stood at $96 billion as of end-March, compared with $118 billion at the end of 2013.Daewoo Shipbuilding held th
IndustryMay 17, 2016
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Park says innovation is at the heart of survival strategy
South Korea should relentlessly seek a "path of innovation" rather than resting on its past laurels, President Park Geun-hye said Tuesday, underscoring that innovation is at the core of the country's survival strategy amid a global economic slowdown.During a forum in Seoul, Park highlighted that South Korea has been pushing for economic innovation through a set of economic reform initiatives including regulatory reform and investment in research and development."We cannot weather the crisis faci
PoliticsMay 17, 2016
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Park says innovation is at the heart of survival strategy
Korea should relentlessly seek a "path of innovation" rather than resting on its past laurels, President Park Geun-hye said Tuesday, underscoring that innovation is at the core of the country's survival strategy amid a global economic slowdown.During a forum in Seoul, Park highlighted that South Korea has been pushing for economic innovation through a set of economic reform initiatives including regulatory reform and investment in research and development. President Park Geun-hye (Yonhap)"We can
May 17, 2016
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Local research ties suicides to mental illnesses
Some 80 percent of those who commit suicide suffered from different types of mental illnesses, an analysis by a South Korean medical team showed Tuesday, although such a correlation is less stark in Asian countries.The team led by professor Na Kyung-se, of the neuropsychiatry department at the Gachon University Gil Medical Center in Incheon, west of Seoul, researched the results of psychological autopsies of 6,626 people from different countries who died in suicides. The research covered cases f
Social AffairsMay 17, 2016
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Korea to help Mexico, Colombia set up e-governments
A multi-agency group has been dispatched to Mexico and Colombia at their request for the transfer of the South Korean government's know-how on e-government, the Ministry of the Interior here said Tuesday. The team, led by Vice Interior Minister Kim Sung-lyul, consists of officials from the interior ministry, the Ministry of Government Legislation, the Ministry of Food and Drug Safety, the Anti-corruption & Civil Rights Commission and the Korean National Police Agency, the ministry said. Earlier,
Foreign AffairsMay 17, 2016
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Korean footballers in Europe end seasons with regrets
South Korean footballers in Europe have wrapped up their seasons with regrets, as most of them failed to make strong impressions on their fans and coaches alike.The major European football leagues completed their 2015-16 campaigns over the weekend, and South Korean footballers in the English Premier League and the German Bundesliga closed their seasons with a mixed bag of performances.Koo Ja-cheol of FC Augsburg enjoyed the most impressive performance. The 27-year-old midfielder, who joined Augs
SoccerMay 17, 2016