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 fails in its attempt to launch mid-range ballistic missile: military
North Korea fired off what appeared to be an intermediate-range ballistic early Thursday, but the launch seems to have failed, military officials said.The missile may be the same Musudan model that North Korea tried to launch on April 15, according to sources. That missile launched in the North's first Musudan test exploded a few seconds after lifting off from North Korea's east coast.The military said Thursday's launch also seems to have crashed several seconds after launch. "The projectile, pr
North KoreaApril 28, 2016
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Korea, U.S. repatriate remains of fallen soldiers from Korean War
Two United Nations flag-draped caskets were placed into an Army hearse one by one as columns of uniformed servicemen and honor guards solemnly looked on in a ceremony Thursday to repatriate the remains of South Korean and United States soldiers who were killed during the 1950-53 Korean War and excavated more than 60 years later.In the one-hour ceremony held inside the U.S. Forces Korea's Yongsan garrison in central Seoul, South Korea delivered the remains of two fallen U.S. soldiers to their hom
Social AffairsApril 28, 2016
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Japanese activist additionally indicted over defaming Korean sex slavery victims
A Japanese right-wing activist was additionally indicted on charges of defaming former South Korean sex slavery victims, Seoul prosecutors said Thursday.Nobuyuki Suzuki, member of an ultra-right Japanese party, is suspected of sending a parcel containing a small defaced statue of a girl and a wooden post to a facility that help former sex slaves and a civic organization that supports the victims in May 2015, the Seoul Central District Prosecutors' Office probing the case said.The defaced 12-cent
Social AffairsApril 28, 2016
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[Consumer This Week] Ikea, McDonald’s, CNP Cosmetics
Ikea launches wireless charging furniture in KoreaIkea Korea has launched a wireless-charging furniture collection that lets users charge their smartphones simply by placing their devices on built-in charging docks. Ikea’s smart furniture collection includes a range of bedside tables, floor and table lamps as well as a do-it-yourself kit that lets users embed wireless chargers into any furniture of their choice.All of Ikea’s wireless chargers are based on Qi wireless charging -- a global standar
IndustryApril 28, 2016
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Korea to pursue rapid restructuring, safeguard jobs
South Korea’s Finance Minister Yoo Il-ho has called for rapid and aggressive restructuring of companies under heavy debts to ensure that this does not negatively affect the capital market and household consumption.In an economic-related ministerial meeting on Thursday, the finance minister also urged other officials to draw up countermeasures and support mechanisms against the expected massive layoffs from companies that are about to go through creditor-led debt reduction. He urged agencies to i
April 28, 2016
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Naver’s Q1 net profit up on strong global sales
Korea’s largest Web portal Naver saw its net profit rise 22.7 percent on-year during the first three months this year thanks to increased overseas sales.The Internet giant said that it logged 165 billion won ($144 million) in operating profit. Its sales came in at 937 billion won and its operating profit at 257 billion won. The figures were up by 26.6 percent and 32.1 percent, respectively.Naver’s robust overseas sales served as a major force behind the improvement in profit and it was mainly dr
TechnologyApril 28, 2016
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Samsung proves resilience with earnings surprise
Tech giant Samsung Electronics has posted surprising earnings in the January-March period on the back of strong sales of its mobile devices, beating market estimates.Its net profit jumped 13.6 percent to 5.25 trillion won ($4.56 billion) in the first quarter, according to the company’s regulatory filing on Thursday. The firm’s operating profit came to 6.68 trillion won -- higher than the market estimate of some 5 trillion won -- with its revenue standing at 49.8 trillion won. The figures were up
TechnologyApril 28, 2016
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N. Korea focusing on idolizing its leader ahead of key party congress
North Korea has intensified efforts to idolize its leader Kim Jong-un ahead of the upcoming party congress, but its excessive drive may be causing ill feelings among its people, a Seoul official said Thursday.North Korea has strengthened the personality cult of the current leader since Kim took office in late 2011 following the sudden death of his father Kim Jong-il."On the occasion of the party congress, the North is expected to boost the level of the idolization of Kim Jong-un to near that of
North KoreaApril 28, 2016
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Vice chairman Chung on mission to transform Hyundai into mobility company
This is the second of the two-part stories on what drove Hyundai Motor Group toward its 100-million-unit milestone in cumulative car sales. -- Ed.Hyundai Motor vice chairman Chung Eui-sun, who leads projects for future growth of the carmaker, has the busiest year ever as the automotive industry faces a sea change with digital disruption. A recent report by McKinsey & Company forecast technological advances in areas such as electrification, vehicle connectivity and self-driving cars will change t
MobilityApril 28, 2016
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Seoul shares end lower after BOJ's surprise move
Korean stocks closed lower on Thursday as investors digested mixed economic news, including the Federal Reserve's interest rate freeze and the Bank of Japan's additional stimulus hold-off in a rather surprising move. The Korean won rose sharply against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 14.48 points, or 0.72 percent, to 2,000,92. Trade volume was slim at 336.03 million shares worth 5.24 trillion won ($4.6 billion), with losers outnumbering gainers 427
April 28, 2016
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Watchdog reviews easing rules on conglomerate designation
The Fair Trade Commission said Thursday it is reviewing easing rules on the designation of large business groups to reduce the number of conglomerates under strict antitrust regulations.The watchdog’s intention to review these rules came just a few days after President Park Geun-hye said in a meeting with local media that the rules on the designation of conglomerates should be changed “in line with reality,” publicly citing Kakao Corp., which was recently included in the FTC watch list. Fair Tra
April 28, 2016
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[Photo News] Dongbu Daewoo pushes for retro design
Korea’s third-largest electronics firm Dongbu Daewoo Electronics rolls out new products of the “The Classic,” microwave lineup, featuring a retro design, in Seoul on Thursday. (Dongbu Daewoo)
TechnologyApril 28, 2016
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LS chairman seeks ideas for growth abroad
LS Group chairman Koo Cha-yol has made frequent overseas trips this month as part of his efforts to seek ideas for new growth engines, group officials said Thursday.The group is a Korean industrial giant composed of numerous affilates including LSIS, an electrical equipment manufacturer, and LS Cable & System, a cable and power system provider. LS Group chairman Koo Cha-yol (center) listens to Ralf Christian (right), CEO of Energy Management Division at Siemens, during Hannover Messe this week.
IndustryApril 28, 2016
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[Photo News] K-pop flashmob dance in Brazil
K-POP IN BRAZIL -- About 200 people, including members of “Viva Coreia,” a group of hallyu fans, perform a K-pop flash mob dance in Sao Paulo on April 27, 100 days before the opening of the Rio 2016 Summer Olympics. (Yonhap)
April 28, 2016
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40 lawmaker-elects probed over alleged election law violations
Forty people elected in the April 13 parliamentary elections are being investigated for election-related offenses, police said Thursday.Of the 40 lawmaker-elects under the probe for allegedly violating the Public Official Election Act, 10 people are allegedly involved in illegal donation, the National Police Agency said.Twelve people are investigated over suspicion of spreading lies about rivals, followed by seven who may have conducted illegal pre-campaigning, according to the NPA.The NPA said
PoliticsApril 28, 2016
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Park orders thorough probe into disinfectant case
President Park Geun-hye called Thursday for a thorough investigation into numerous deaths and illnesses suspected to have been caused by toxic humidifier sterilizers. President Park Geun-hye presides over a Cabinet meeting at Cheong Wa Dae on Thursday. YonhapEarlier this week, state prosecutors summoned a former chief of the South Korean unit of the British firm Oxy Reckitt Benckiser over a connection between people who died from lung problems and the chemicals used to clean household humidifier
PoliticsApril 28, 2016
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Seoul urges CICA to play ‘special role’ in preventing Pyongyang‘s nuke test
South Korean Foreign Minister Yun Byung-se on Thursday called for members of a regional security conference, led by Russia and China, to play a "special role" in preventing North Korea from conducting another nuclear test. There have been signs that North Korea may conduct its fifth nuclear test ahead of its rare party congress early next month, in order to build credential for the North Korean leader's twin pursuit of economic development and nuclear weapons. "The eyes of the world are now on N
DefenseApril 28, 2016
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Hanwha instills traditional values to children
Hanwha Group has made progress in instilling traditional values to children through its culture and arts education project Hanwha Art Plus, group officials said Thursday. Hanwha Art Plus is a cooperative project being pushed by the conglomerate and the Korea Mecenat Association, a non-profit agency that supports corporate encouragement of the arts. It started out in 2009 as a social contribution project to support arts education with a focus on tradition. Elementary students learn how to play th
IndustryApril 28, 2016
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KRX awaits greenlight for holding firm plan
Korea’s bourse operator is keenly awaiting the enactment of the revised Capital Market Act in order to realize its plan to go public and become a financial holding company as part of its efforts to bolster global competitiveness.“If the related law doesn’t obtain parliamentary approval, the restructuring will be delayed by two to three years, resulting in weakening of competitiveness over other global bourse operators,” said an official at the Korea Exchange. The KRX had planned to launch its in
April 28, 2016
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Maeil Dairies offers farm experience in Gochang
Maeil Dairies Industry, South Korea’s leading manufacturer of dairy products, opened a new farm experience park in Gochang County, North Jeolla Province, last week, with the aim of promoting Korea’s agricultural business. The “Sangha Farm” was built with an investment of around 37 billion won ($32.44 million) by Maeil, in conjunction with Gochang County and the Ministry of Agriculture, Food and Rural Affairs. Maeil Dairies Industry CEO Kim Seon-hee (left) and government and company officials pa
IndustryApril 28, 2016