Most Popular
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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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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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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Panmunjom tours for select Korean nationals may resume in October
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Young Poong says no better offer for Korea Zinc
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Thousands rally in Seoul to call for Yoon resignation
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N. Korea slams S. Korea-U.S. drills as 'worst provocation ever'
North Korea on Saturday condemned South Korea and the United States for conducting joint military drills that it called the "worst military provocation in the history of the Korean Peninsula."South Korea and the U.S. wrapped up this year's Foal Eagle exercise earlier in the day, with the Key Resolve command post drill having concluded last month. The two exercises have been carried out annually to deter nuclear and missile threats by wayward North Korea.This year's exercises were the biggest of
Social AffairsApril 30, 2016
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Colorado woman gets 100 years for cutting baby from womb
BOULDER, Colo. (AP) -- A judge on Friday sentenced a Colorado woman who cut a baby from a stranger's womb to 100 years in prison, including the maximum penalties for attempted murder and unlawful termination of a pregnancy.Judge Maria Berkenkotter said the harshest sentences for the most serious charges were justified by the brutality of the 2015 attack, which she described as performing a cesarean with a kitchen knife. Berkenkotter also said the victim, Michelle Wilkins, as well as her family a
InternationalApril 30, 2016
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President Park to depart for Iran to seek opportunities
South Korean President Park Geun-hye will leave for Iran on Sunday to help South Korean businesses expand into the Middle East's least-tapped market, Cheong Wa Dae said.Park is the first South Korean president to visit Iran since the two countries formed diplomatic ties in 1962. Her trip that will last through Wednesday comes after a landmark nuclear pact between the United States and Iran that has led to the alleviation of international sanctions on the Islamic country.In Iran, Park and her cou
Foreign AffairsApril 30, 2016
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North Korea sends another US citizen to prison
PYONGYANG, North Korea (AP) -- North Korea sentenced a U.S. citizen of Korean heritage to 10 years in prison with hard labor after convicting him of espionage and subversion, the second American it has put behind bars this year. Kim Dong Chul was sentenced Friday after a brief trial in Pyongyang by North Korea's Supreme Court, which found him guilty of espionage and subversion under Articles 60 and 64 of the North's criminal code.North Korea regularly accuses Washington and Seoul of sending spie
North KoreaApril 30, 2016
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THAAD shouldn't affect China's pressure on N. Korea: White House
The potential deployment of the THAAD missile defense system to South Korea should not affect China's pressure on North Korea because THAAD is aimed only at the North and reining in Pyongyang is in China's interest, the White House said Friday.Shortly after the North's long-range rocket launch in February, South Korea and the U.S. jointly announced they would begin official discussions on the possible placement of the U.S. Terminal High Altitude Area Defense (THAAD) missile defense system in Sou
North KoreaApril 30, 2016
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U.S. will lose leverage in Asia if it pulls troops out of S. Korea: U.S. congressman
The U.S. will lose much of its leverage in Asia if it pulls troops out of South Korea, a U.S. congressman said Friday, criticizing Donald Trump's suggestion that the U.S. should end defense support for allies unless they pay more."If we pull out of the Pacific and we, you know, take our troops out of Korea and take our troops out of Japan, then we lose much of the leverage," Rep. Peter King (R-NY) said on CNN. "It certainly, you know, it weakens the leverage we have against China and it, in effe
Foreign AffairsApril 30, 2016
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S. Korea avoids U.S. currency manipulator designation, put on monitoring list
The U.S. Treasury Department put South Korea, China, Japan, Taiwan and Germany on its "monitoring list" for foreign exchange policies Friday, but none was designed as a currency manipulator."Korea has a significant bilateral trade surplus with the United States and a material current account surplus," the epartment said in the Report on Foreign Exchange Policies of Major rading Partners of the United States."Treasury estimates that during the second half of 2015 through March 2016, the Korean a
Foreign AffairsApril 30, 2016
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Korea's top shipbuilders clinch zero deals in April
South Korea's top three shipbuilders failed to clinch a single deal in April, industry data showed Saturday, casting concerns that the firms may roll out possible restructuring of their workforces.Local shipbuilders only managed to win five construction deals over the first four months of this year, which is only around 5 percent of the average amount posted in previous years.Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Heavy Industries Co., failed to win any deals in April. Samsung
IndustryApril 30, 2016
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Samsung keeps throne in Q1 LCD TV sales amid falling shipments
Samsung Electronics Co. stood as the No. 1 seller of liquid crystal display (LCD) televisions in the first quarter of 2016, data showed Saturday, despite its shipments plunging amid the rise of Chinese rivals.The South Korean tech giant sold 10.5 million units of LCD TVs in the January-March period, far outpacing other global rivals, the data compiled by industry tracker WitsView showed. Samsung's shipments, however, marked a 34.4-percent on-quarter drop.LG Electronics Inc., Samsung's smaller So
IndustryApril 30, 2016
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Seoul shares expected to take breather on liquidity worries
South Korean shares are expected to take a breather next week as worries remain that the recent decision by the Bank of Japan not to unveil additional stimulus measures could lower the overall appetite for risky assets, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,994.15 points on Friday, down 21.34 points, or 1.05 percent, from a week ago. This marked the first time in three weeks that it has posted a weekly loss. Bank of Japan (Bloomberg)The market
April 30, 2016
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UN says N. Korea accusations vs US troops 'unsubstantiated'
The American-led U.N. command at the Demilitarized Zone dividing the two Koreas has dismissed as unsubstantiated accusations from North Korea that U.S. troops tried to provoke its frontline troops with "disgusting acts." A North Korean military statement Friday warned U.S. soldiers to stop what it called "hooliganism" at the inter-Korean border village of Panmunjom or they'll meet a "dog's death any time and any place."It said U.S. troops pointed their fingers at North Korean soldiers and made s
North KoreaApril 30, 2016
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Zika-carrying mosquito found in Korea, CDC says
A mosquito that is known to be capable of carrying the Zika virus has been found in Korea for the first time this year, the Centers for Disease Control and Prevention said Friday.The Aedes albopictus mosquito, also known as the Asian tiger mosquito, was spotted in three of the 39 inspection sites monitored by the CDC since March. While Aedes aegypti is the species most commonly associated with Zika, Aedes albopictus has also been linked to outbreaks.(Yonhap)The three areas include Seogwipo on Je
TechnologyApril 29, 2016
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‘Handmaiden’ may raise controversy, says director Park Chan-wook
JEONJU, North Jeolla Province -- The lesbian theme in his upcoming movie “The Handmaiden” may bring about another storm of controversy in Korea, according to director Park Chan-wook. “It’s not a theme that’s been dealt with in Korea’s commercial film industry, so it could be called unique,” said Park during a talk with the audience that followed the screening of “Old Days,” a documentary film highlighting the making of director Park’s internationally renowned 2003 film “Oldboy,” at the Megabox t
FilmApril 29, 2016
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Appeals court upholds acquittal of former official over leaked documents
A Seoul appeals court on Friday upheld the acquittal of a former presidential official accused of leaking presidential documents.The Seoul High Court found Cho Eung-cheon, who handled the discipline of senior public officials, not guilty of violating the Presidential Records Management Act.Cho was indicted last year along with senior police officer Park Kwan-cheon for handing over 17 documents to Park Ji-man, the younger brother of President Park Geun-hye, between June 2013 and January 2014. (Yo
PoliticsApril 29, 2016
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‘Hamlet’ gives rise to a comedy
JEONJU, North Jeolla Province -- After kicking off to a lively start with a fireworks-filled opening ceremony and an outdoor screening of this year’s opening film “Born to be Blue” Thursday night, a number of interactive sessions are underway at the Jeonju International Film Festival. In addition to screening some 200 movies at cinemas dotted along the city’s Cinema Street, Korea’s largest indie film festival is hosting programs such as Talk Class -- a small group meeting of filmmakers and audi
FilmApril 29, 2016
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Eurozone economic growth rate unexpectedly doubles
The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. The scale of the increase reported by Eurostat in a preliminary estimate was unexpected -- the consensus in the markets was for a more modest rise to 0.4 percent from the previous quarter's 0.3 percent. (AP Photo)Eurostat said the incr
World BusinessApril 29, 2016
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Asiana Airlines to sell non-core assets worth about 400 bln won
Asiana Airlines Inc., South Korea's second-largest flag carrier, said Friday that it decided to sell non-core assets worth about 400 billion won (US$351.1 million) as part of its efforts to strengthen its financial health. Asiana held a board meeting earlier in the day and decided to sell off its 100 percent stake in Kumho Terminal and 50 percent stake in a hotel and office operator based in Vietnam for about 270 billion won and 123 billion won, respectively, the company said.The move is in line
IndustryApril 29, 2016
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Creditors to decide on Hanjin Shipping debt on May 4
Creditor banks of Hanjin Shipping will decide next week whether to restructure the company’s debt and initiate a corporate rehabilitation program, local reports said Friday. Seven lenders, led by state-run Korea Development Bank, held a meeting Friday afternoon and agreed to decide by May 4, Yonhap News reported, citing unnamed sources from the banks. The seven are KDB, Export-Import Bank of Korea, Nonghyup, KB Kookmin, KEB Hana, Woori and Pusan Bank. (Yonhap)Korea Credit Guarantee Fund, a stat
IndustryApril 29, 2016
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[EYE Interview] BAT Korea CEO confesses love for ‘dynamic Korea’
The chief executive of British American Tobacco Korea has some pretty firm beliefs on what should and should not be done. And one of the things that he believes should never be done is working on a weekend.“From Monday to Friday, I have an agreement with my wife that I can dedicate any amount of time to my work, as long as I’m there for breakfast and see the children,” said Erik Stoel in an interview with The Korea Herald on Wednesday.“When I’m in the office, I’m focused on what I need to do at
IndustryApril 29, 2016
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Korea’s industrial output declines in March
South Korea’s industrial output fell in March mainly due to a drop in the machinery and electronics parts sector, government data showed Friday.Production in the manufacturing, mining and utilities declined 1.5 percent in March from a year earlier, according to Statistics Korea. The March figure is a setback from a 2.2 percent growth in February, which was the first increase in three months.From a month earlier, industrial output fell 2.2 percent in March. (Yonhap)By sectors, the machinery’s out
April 29, 2016