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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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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'Shaman says president will die,' caller warns
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Boy's emergency medical treatment delayed 2 hours due to staff shortage
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Air Force to use Korean aircrafts in pilot training
South Korea’s Air Force has commenced its deployment of indigenous KT-100 trainer jets for its introductory pilot training course, officials said Wednesday.According to the officials, the Air Force received the first two KT-100 models from their developer the Korea Aerospace Industries on April 19, and has deployed them for use. KAI conducted the first test-flights of the KT-100 last October.KT-100 trainer jet /Air ForceA total of 20 KT-100 jets will be deployed until December, and they will be
DefenseMay 11, 2016
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Korea boosts community-driven rural development in Uganda
KAMPALA/MPIGI/MUGONGO, UGANDA -- “I work first! I serve first! I sacrifice first!”About 35 community leaders of this rural district of Mpigi stood up, clenched their fists and chanted this slogan after mapping out challenges faced by their villages and detailing action plans to tackle them. The leaders, some as young as 25 and up to 70 years old, were handpicked by their own people to spearhead rural development, taking a page from the Saemaul (new village) movement that unfolded in the 1970s in
Foreign AffairsMay 11, 2016
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Lotte chairman pushes mobile drive
Lotte Group chairman Shin Dong-bin is seeking to aggressively expand the use of his firm’s new mobile-based payment system, highlighting his ambition to take a lead in the fast-growing mobile market.Lotte’s new payment feature in its mobile app L-Pay is a key tool designed to realize the group’s vision of an omnichannel shopping system. Lotte Group chairman Shin Dong-bin (Yonhap)Lotte has been focusing on building an integrated shopping channel -- including online, off-line and mobile app based
IndustryMay 11, 2016
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Oppositions ready for talks with Park
Floor leaders of the opposition parties are bracing for their first meeting with the president on Friday, during which swapping of pleasantries will likely deflect to tense exchanges on vying agendas.“The meeting will not hold much significance if it becomes a mere opportunity for the president to unilaterally seek our cooperation only for the bills that she is interested in,” The Minjoo Party of Korea’s floor leader Rep. Woo Sang-ho said Wednesday.He expressed little hope of the meeting yieldin
PoliticsMay 11, 2016
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Government blasted over humidifier sterilizer case
Amid the widening probe into the humidifier sterilizer tragedy, the government is coming under fire for its lax supervision that is blamed for allowing the use of toxic chemicals in humidifier sterilizers. The ministry is accused of skipping necessary tests and overlooking omitted documents when approving the products in question. The government is also being criticized for opposing the opposition-led legislative drive to fortify compensation for the victims.According to liberal lawyers’ group M
Social AffairsMay 11, 2016
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Korea expresses understanding of Obama's Hiroshima visit
South Korea on Wednesday expressed understanding of U.S. President Barack Obama's upcoming visit to the Japanese city of Hiroshima despite concerns it could be interpreted as an apology for the atomic bombing that ended World War II.On Tuesday, the White House announced that Obama will visit Hiroshima on May 27 together with Japanese Prime Minister Shinzo Abe to "highlight his continued commitment to pursuing the peace and security of a world without nuclear weapons."Obama will become the first
Social AffairsMay 11, 2016
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Prosecutors raid home and office of ex-Hanjin Shipping chairwoman
Prosecutors on Wednesday raided the home and office of Choi Eun-yeong, former chairwoman of Hanjin Shipping Co., on suspicion that she and her daughters sold their company stocks by engaging in insider trading days before the company's application for creditor-led debt restructuring, industry and prosecution sources said.The raid was carried out by prosecutors and investigators from Seoul Southern District Prosecutors' Office, they said, adding the case has been transferred to prosecutors from t
Social AffairsMay 11, 2016
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Oxy victims criticize U.K. headquarters for lack of apology
Family representatives of toxic humidifier disinfectant victims on Wednesday criticized Oxy Reckitt Benckiser for not apologizing, despite their visit to the U.K. headquarters. Families of the victims and activists returned to Seoul after a six-day visit to the U.K. that included a visit to the firm’s headquarters to ask it to take responsibility for the massive number of deaths and health damages.Kim Deok-jong, whose son is suspected to have died from the toxic humidifier disinfectant, talks to
Social AffairsMay 11, 2016
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Saenuri picks whip as interim leader
The ruling Saenuri Party on Monday appointed its whip Chung Jin-suk as an interim leader, giving him the task of steering the party until new leadership is elected. Chung, who now doubles as chairman of the emergency committee and floor leader, will lead the party through the upcoming National Assembly regular session until a national convention selects new leadership. The party has yet to schedule the convention, but it is widely expected to take place between late July and early August. Saenur
PoliticsMay 11, 2016
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Park calls for export diversification
President Park Geun-hye said Wednesday that South Korea should up its efforts in pioneering new overseas markets, underlining the economic output of her recent state visits.She also urged small and medium-sized companies to go beyond their domestic market-focused viewpoint and diversify export products to meet foreign demand.“In order to survive in a rapidly changing global trade environment, we should tighten our efforts in exploring new markets, as was the case in the economic diplomacy of Mex
PoliticsMay 11, 2016
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Oxy CEO did not apologize sincerely for selling toxic humidifier sterilizer: victims
The representatives of victims who have become sick or lost their loved ones because of toxic humidifier sterilizers sold by a British consumer goods manufacturer denounced the company's CEO on Wednesday for not apologizing sincerely.Wrapping up a trip to London, Kim Duk-jong, whose five-year-old son died in 2009 due to an ill-defined respiratory disease, said Oxy Reckitt Benckiser CEO Rakesh Kapoor failed to show sincerity in his apology to the victims.Kim, together with a civic activist Choi Y
Social AffairsMay 11, 2016
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tvN's 'New Journey to the West 2' draws 100 mln views in China
The second season of the South Korean reality TV show "New Journey to the West" has raked in over 100 million views with just the first four episodes shown in China, its producer said Wednesday.As of Monday at 9 a.m., tvN's new web-based comedy series "New Journey to the West 2" drew a total of 100.2 million views on Chinese video sharing website Tencent Video.In China, the reality adventure show featuring three South Korean comedy icons and a lone actor on a journey to Chinese provinces premier
TelevisionMay 11, 2016
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EXO, VIXX to headline annual K-pop concert in Seoul
An annual K-pop concert will be held in Seoul next month featuring 28 popular singers or groups, such as EXO, SHINee's Taemin, VIXX and B1A4, organizers said Wednesday.The 2016 Dream Concert will take place on June 4 at the Seoul World Cup Stadium in the western part of the capital city, the Korea Entertainment Producer's Association said. Also included in this year's lineup are BTOB, T-ara, Red Velvet, Oh My Girl, GFriend and MAMAMOO.Launched in 1995, the Dream Concert has been held annually wi
PerformanceMay 11, 2016
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Seoul dismisses Pyongyang leader's military talks offer
South Korea does not consider North Korean leader Kim Jong-un's recent calls for military talks as being a formal offer to engage in cross-border dialogue, Seoul's Unification Ministry's spokesman said Wednesday.This stance comes as Kim raised the prospects for a resumption of long-dormant inter-Korean talks at North Korea's high-profile Workers' Party of Korea (WPK) congress that ended Monday."It does not constitute a proposal toward South Korea," said Jeong Joon-hee, spokesman at the ministry
Social AffairsMay 11, 2016
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Doosan’s restructuring on track with asset sales
Market expectations of Doosan Group‘s profit turnaround are growing, with the completion of the conglomerate’s planned asset sales Tuesday. The Korean power equipment and construction giant successfully sold the heat recovery steam business unit of its construction arm Doosan Engineering & Construction for 300 billion won ($256 million) to General Electric. “This is the final deal that the group has pushed under its self-restructuring plan for the past two years,’’ a company spokesperson said.Fa
May 11, 2016
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Employees at Korean carmakers prefer Tesla for EV purchase
More than half the employees working in the nation’s automotive industry said they would consider a Tesla car for their future purchase of an electric vehicle, a survey found Wednesday. Blind, a social app provider that operates anonymous bulletin boards for employees of a specific company or an industry overall, conducted the survey on 164 members of its auto section. According to the survey, 53.7 percent of respondents said fully-electric vehicles would not become a general trend in the nation
MobilityMay 11, 2016
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Green Cross highlights effectiveness of new hepatitis B treatment
Green Cross, a Korean biopharmaceutical company, said Wednesday it presented the successful clinical trial results of a novel treatment for hepatitis B under development, GC1102, at a medical conference in Seoul last week. The company highlighted the results of ongoing phase II clinical trials on its new drug at this year’s International Liver Transplantation Society meeting.Green Cross delivers a presentation at a symposium held on May 6 as part of this year’s International Liver Transplantatio
IndustryMay 11, 2016
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Seoul shares down 0.12% on institutional sell-offs
Korean stocks closed down 0.12 percent on Wednesday, driven mostly by massive sell-offs by institutions, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) fell 2.4 points to end at 1,980.10. Trade volume totaled 393.5 million shares worth 4.36 trillion won ($3.7 billion), with gainers outpacing decliners 443 to 350. "Throughout the session, institutions weighed on the market by selling on a relatively massive scale, but the dow
May 11, 2016
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Youth unemployment, aging demographics weigh down Korea
The Korean economy is facing pressure from all sides that will make it harder to sustain growth amid high youth unemployment, rapidly changing demographics and slow manufacturing growth.With cash-strapped companies in conventional industries expected to go through restructuring soon, more people of all ages will be out of jobs and face difficulties in finding work in a slow market.This will increase Korea’s unemployment rate, while growing costs for restructuring and welfare will add burden to f
May 11, 2016
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Rotary International Convention set to be Korea’s largest multicultural gathering
Goyang City will be hosting the Rotary’s 107th annual international convention, which is expected to attract more than 50,000 Rotary club members from more than 160 countries including Korea, making it the most multicultural nonprofit gathering in Korea. The convention is scheduled to be held at the Kintex convention center in Gyeonggi Province from May 28 to June 1 and it is estimated to host roughly 25,000 foreign nationals. The Rotary is a global network of volunteer leaders dedicated to tack
TravelMay 11, 2016