Most Popular
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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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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'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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Most teen sex offenders get away with slap on wrist
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Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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Same-sex couple denied insurance clearance despite landmark ruling
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SK On offers voluntary retirement amid losses
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Experts against corporate tax hike: KCCI
South Korea should not rush to raise corporate tax rates amid a gloomy outlook for its economy, a local business lobby group said Monday, citing a survey of local experts.The corporate tax issue is expected to emerge as a hot topic in the 20th National Assembly to open at the end of this month. The National Tax Service headquarters (Yonhap)The liberal main opposition Minjoo Party will hold 123 seats in the unicameral parliament, while the number of lawmakers with the conservative ruling Saenuri
May 9, 2016
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Seoul shares open lower on large cap losses
Korean stocks started weaker Monday as large cap issues lost ground. The benchmark Korea Composite Stock Price Index fell 3.48 points, or 0.18 percent, to 1,973.23 in the first 15 minutes of trading. Traders monitor share prices at a local bank. (Yonhap)Analysts said investor sentiment might be affected by weaker-than-expected trade data announced by China over the weekend. Auto shares such as Hyundai Motor and Kia Motors started lower. Steelmaking giant POSCO also lost 1.6 percent. The Korean m
May 9, 2016
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Rhythmic gymnast Son Yeon-jae takes lead at Asian Championships
South Korean rhythmic gymnast Son Yeon-jae ranked first midway through the individual all-around at the eighth Rhythmic Gymnastics Asian Championships in Uzbekistan, setting herself on course for her third straight title.In Tashkent on Sunday (local time), Son earned 36.750 points combined from the ball and hoop routines to take a one-point lead above Sabina Ashirbayeva of Kazakhstan. Elizaveta Nazarenkova of Uzbekistan was third at 35.500.Other South Koreans, Lee Da-ae (32.500) and Chun Song-e
More SportsMay 9, 2016
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Humidifier sterilizers raise risks for lung damage by 116 times
Years of exposure to humidifier sterilizers increased the risk for severe lung damage in users by 116 times more than in those not exposed to the chemicals, a state health agency said Sunday. In August 2011, when the government acknowledged a connection between lung problems and the chemicals used to clean household humidifiers, the Centers for Disease Control and Prevention (CDC) began a survey to investigate the levels of lung damage in 16 people who argued their condition was due to the hu
Social AffairsMay 9, 2016
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N.K. leader says country won't use nukes unless sovereignty violated
North Korean leader Kim Jong-un has vowed not to use nuclear weapons first unless the country's sovereignty is infringed upon in his speech at the key party congress, the country's state media said Sunday. At the first congress of the Workers' Party of Korea (WPK) in 36 years, the North's leader said that Pyongyang is open to efforts to improve its ties with "hostile" countries. He also offered to hold military talks with South Korea to ease tension."As a responsible nuclear weapons state, our r
North KoreaMay 9, 2016
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Korea, U.S. to hold talks on energy security Tuesday
South Korea and the United States will hold working-level talks on energy security in Washington D.C. this week, Seoul's Foreign Ministry said Sunday, a move to enhance the allies' coordination over their energy and climate change policies.The third "Energy Security Dialogue" will be held on Tuesday (Washington time), led by Lee Hyung-jong, director-general for climate change, energy and environmental affairs at the Foreign Ministry, and Mary Warlick, U.S. principal deputy assistant secretary of
Social AffairsMay 9, 2016
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Foreign couple dies after falling from rooftop
A foreign couple died after they accidentally fell from the rooftop of a three-story building in central Seoul while they were kissing each other, police said Sunday.The Yongsan Police Station said that at around 2 a.m. on Sunday, a 31-year-old American man and a 26-year-old South African woman dropped from the rooftop of their house in Itaewon. Police are now trying to ascertain the exact cause of their death. But they believe that chances are little that they were pushed by someone.Witnesses s
Social AffairsMay 9, 2016
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N.K. leader lays out 5-year vision to boost economy at party congress
North Korean leader Kim Jong-un has laid out a five-year strategy for economic growth, stressing the need to improve the people's livelihood and ease an electric power shortage, the country's state media said Sunday.The North's leader did not spell out detailed plans to prop up the country's moribund economy, but emphasized efforts to log sustainable economic growth in the face of tougher U.N. sanctions over its latest nuclear and missile tests."It is imperative to carry through the five-year st
North KoreaMay 9, 2016
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Seoul rejects N.K.'s dialogue offer as proposal with no sincerity
South Korea said Sunday that North Korea's offer for inter-Korean dialogue is merely a propaganda ploy that lacks sincerity, calling on Pyongyang to give up its nuclear weapons program.North Korean leader Kim Jong-un proposed holding military talks between the two Koreas in a bid to ease tensions along their tense border at the congress of the Workers' Party of Korea (WPK) which kicked off on Friday, according to the North's state-run media.South Korea's unification ministry rejected the North's
Social AffairsMay 9, 2016
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Pop sensation Psy rocks Gangnam, fuels holiday night frenzy
South Korean pop singer Psy once again proved himself a hallyu star, an accolade for South Korean celebrities followed globally, as he rocked Gangnam in southern Seoul on Sunday. The K-pop icon, widely known for "Gangnam Style" and the horse-riding dance move, closed the four-day golden holiday as the last singer to perform at "C-Festival 2016." The cultural event was organized by Gangnam District to dub the area as a cradle of hallyu culture and popular venue for global conventions and executiv
PerformanceMay 9, 2016
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U.S. urges N. Korea to honor denuclearization commitments
The United States urged North Korea on Sunday to honor commitments and obligations to give up its nuclear program after the North's leader said he will continue to pursue his trademark policy of simultaneously seeking nuclear and economic development."We are aware of the comments and continue to call on North Korea to focus on taking concrete steps toward fulfilling its commitments and international obligations," a senior U.S. administration official told Yonhap News Agency on background.Earlier
North KoreaMay 9, 2016
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U.S. won't 'stand unmoved' in face of N. Korean threats: senior U.S. diplomat
The United States and its allies "will not stand unmoved" in the face of North Korea's nuclear and missile provocations, a senior American diplomat said, calling for the communist nation to forswear its weapons programs.Frank Rose, assistant secretary of state for arms control, verification and compliance, made the remark last week as he talked about U.S. efforts to strengthen missile defense, including the potential deployment of the THAAD system in South Korea."The Obama administration is comm
InternationalMay 9, 2016
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N. Korea's party adopts decision on nukes at key congress
North Korea said Monday it has adopted a decision by the ruling party's central committee to simultaneously pursue nuclear and economic development, and to reaffirm its leader's complete control.The North's state media said the decision was unanimously adopted by party delegates on Sunday after North Korean leader Kim Jong-un reported works by the Workers' Party of Korea (WPK) at the party congress, a venue aimed at bolstering his monolithic power."We will consistently take hold on the strategic
North KoreaMay 9, 2016
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Korean Wang Jeung-hun wins on European Tour
South Korean golfer Wang Jeung-hun captured his first European Tour win in Morocco on Sunday (local time) in a sudden-death playoff.Wang defeated Nacho Elvira on the second playoff hole to claim the Trophee Hassan II at Royal Golf Dar Es Salam in Rabat, Morocco, and take home 250,000 euros ($284,890). He also earned a two-year exemption on the European Tour.Wang, 20, is the second South Korean to win on the European Tour in three weeks, after Lee Soo-min, who won the Shenzhen International last
GolfMay 9, 2016
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Driven by practical young consumers, car-sharing market growing fast
South Korea’s car-sharing market is fast expanding with a growing number of young consumers wanting to experiment with a wide range of vehicles rather than own a car. To cash in on the subtle change in the car market, the nation’s industrial giants are responding to such consumer preferences. Retail giant Lotte Group and the nation’s third-largest conglomerate SK Group are already involved in businesses that cater to such demand and the nation’s largest automaker Hyundai Motor is also considerin
MobilityMay 9, 2016
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[Newsmaker] Saudi Aramco chief named oil minister
Saudi Arabia replaced its veteran oil minister with a close ally of the king’s increasingly influential son, Deputy Crown Prince Mohammed bin Salman, as the world’s largest crude exporter embarks on an economic overhaul designed to make it less reliant on energy.After more than two decades in the post, Ali Al-Naimi, who’s been the central player in scores of OPEC meetings and steered global crude markets through several boom-and-bust cycles, will be succeeded by Khalid Al-Falih, currently chairm
World NewsMay 8, 2016
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Ministry, BOK divided on how to recapitalize banks
Korea’s government and central bank, after an open spat, agreed last week to recapitalize policy banks to finance corporate restructuring, but the devil really is in the detail. The Finance Ministry and the Bank of Korea agree on the need for “a policy mix” to boost the capital bases of two state-run lenders Korea Development Bank and Export-Import Bank of Korea. But they still appear divided on what that mix should comprise.Bank of Korea Gov. Lee Ju-yeol made this clear when he said Thursday th
May 8, 2016
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[Graphic News] Koreans prefer adopting girls
A total of 1,057 South Korean children were adopted last year, with domestic adoption continuing to show the tendency of preferring girls over boys.The Ministry of Health and Welfare said that the number of adopted children declined slightly from 1,172 in 2014. Last year, Korean parents adopted 683 children, up from the 637 in 2014. Fewer South Korean children, however, were adopted overseas in 2015 -- 374 compared to 535 the previous year. Of those adopted in Korea, 67.5 percent were girls whil
Social AffairsMay 8, 2016
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No foul play in Codes Combine rally: KRX
Korea Exchange has found no evidence of foul play in the rally of Codes Combine on the Kosdaq exchange in March, the sudden and erratic nature of which led the bourse operator to take measures against stocks with similarly small free floats. “The Market Oversight Committee could not find any reason to believe that manipulative forces were behind the stock’s gains,” a source at the KRX said Sunday. The committee, which monitors irregularities in stock trading, had probed transactions related to t
May 8, 2016
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Korean overseas spending double what foreigners spend in Korea
Last year, Koreans spent nearly double overseas compared to the amount foreign consumers spent here in Korea, data showed Sunday.According to data from Statistics Korea, Korean consumers spent nearly 26.1 trillion won ($22.6 billion) overseas, roughly two times the 13.1 trillion won spent by foreign consumers in Korea.The figures include both consumer spending overseas and direct purchases from foreign websites. Tourists shop at a duty-free store in Seoul. (Yonhap)The disparity indicates a sever
IndustryMay 8, 2016