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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Thousands rally in Seoul to call for Yoon resignation
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Same-sex couple denied insurance clearance despite landmark ruling
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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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AOA meets Japanese fans
Following the release of its Japanese single “Give Me the Love” on April 20, K-pop girl group AOA has been holding events to promote the new song. The group visited Tokyo, Nagoya and Osaka from April 21-24, attracting thousands of Japanese fans. The promotion included a mini live concert and events that allowed fans to get close to AOA. The group also performed its other hits “Heart Attack” and “Oh Boy,” along with “Give Me the Love.” K-pop girl group AOA poses at an event promoting their new Ja
PerformanceApril 26, 2016
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SM’s EDM label to drop first track
ScreaM Records, entertainment giant SM Entertainment’s electronic dance music label, will release its first song “Wave” at midnight on May 5. The label, one of the agency’s new projects announced at the presentation show “SMTOWN: New Culture Technology, 2016,” was launched to expand the K-pop experience from just appreciating music to actively participating, said the agency. It aims to present quality music by collaborating with world-famous EDM DJs and producers, as well as with various artist
PerformanceApril 26, 2016
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CJ CheilJedang to launch ‘Cupban’ in Hong Kong, Japan
South Korean food company CJ CheilJedang on Tuesday said it will introduce its Cupban — instant rice accompanied by Korean soups — to Japan and Hong Kong starting next month. Stating from early May, CJ will introduce Cupban -- spun off from its flagship instant rice line Hetban -- at some 600 7-Eleven convenience stores in Hong Kong and up 200 Natural Lawson convenience stores and supermarkets in Japan. CJ’s Cupban, set to be launched in Japan (CJ CheilJedang)“Cupban is going to be the next big
IndustryApril 26, 2016
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7-11 launches ginseng kimbap
A ginseng variety of samgak kimbap was launched at 7-eleven convenience stores in Korea on Tuesday, in collaboration with Korea Ginseng Corporation. Samgak, or triangle, kimbap have long been a convenience store staple. Rice is formed into a triangle about the size of a baby‘s fist and wrapped in seaweed with any number of varying ingredients inside. Popular fillings are spicy bulgogi and tuna with mayonnaise. (7-11 Korea)The newly launched product has rice cooked in Cheong Kwan Jang red ginsen
FoodApril 26, 2016
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Nonghyup kimchi earns halal certification
Korea’s National Agricultural Cooperative Federation, also known as Nonghyup, on Tuesday said that 26 types of kimchi produced by its Gyeonggi affiliate have been certified as halal. The Malaysia’s state-led halal certification agency JAKIM has granted halal status to all of the kimchi products produced at the Gyeonggi Agricultural Cooperative Food Association’s production plant in Hwaseong, Gyeonggi Province. (National Agricultural Cooperative Federation)Gyeonggi Nonghyup said with the halal ce
IndustryApril 26, 2016
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LG to lead global alliance for car infotainment system
LG Electronics said Tuesday it has joined a global car infotainment system alliance, the GENIVI Alliance, as a board member. The GENIVI Alliance is a group of 150 tech firms and car manufacturers committed to setting technical standards for Linux-based car infotainment software GENIVI. A car infotainment system installed in a car. (Yonhap)The in-vehicle infotainment system has gained traction in recent years as global carmakers, including Jaguar Land Rover, BMW, Renault-Nissan and Volvo have ado
TechnologyApril 26, 2016
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Seoul shares end higher on tech gains
Korean stocks closed higher on Tuesday as investors snapped up major tech shares, helped by shipbuilders rebounding from deep losses on hopes for restructuring measures. The local currency weakened against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 5.08 points, or 0.25 percent, to 2,019.63. Trade volume was moderate at 5.02 million shares worth 5.11 trillion won ($4.44 billion), with losers beating gainers 491 to 316.Analysts said the local index was undergoing
April 26, 2016
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Gov't to intensify clampdown on illegal lending
The government said Tuesday that it will launch a massive crackdown on illegal private lending and other crimes that threaten the livelihoods and safety of ordinary people.The crackdown is part of a government drive to root out loan sharks amid concerns that such illegal acts are undermining the government's efforts to maintain a firm cap on the maximum loan interest rate currently set at 27.9 percent, down from 34.9 percent in the past. Prime Minister Hwang Kyo-ahn (Yonhap)Under the plan, the g
April 26, 2016
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Scholar says world should step up pressure on provocative N.K.
The international community has to look for ways to increase pressure on North Korea should the communist state continue its provocative behavior, a prominent U.S. scholar said Tuesday, noting the current sanctions on the North can be "effective." During an interview with reporters in Seoul, John J. Hamre, the president of the U.S.-based Center for Strategic and International Studies, also said that North Korean leader Kim Jong-un is proceeding down a path where "there is no end and no opportuni
InternationalApril 26, 2016
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BMW joins SOCAR’s car-sharing lineup
SOCAR, a local car-sharing service start-up, said Tuesday that BMW’s luxury vehicles are joining its car lineup to meet the growing demand for high-end models among users. The premium lineup, named “TRIGGER,” will include BMW’s 520d sedan and X3 sport utility vehicle models to start services from early May. SOCAR’s premium lineup image“There have been constant requests for premium and bigger cars from customers,” said Shin Seung-ho, SOCAR’s marketing director. “We will continue marketing activi
MobilityApril 26, 2016
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KT brings LTE service to the office for first time
Korean network operator KT Corp. has become the first in the world to install Long-Term Evolution network service in office surroundings to pave the way for smoother and safer communication. The service allows employees and customers to utilize the intranet of a firm through mobile devices in a secure manner, as it is operated separately from existing LTE networks used for noncorporate mobile subscribers. Lee Moon-hwan, executive vice president of KT, explains the world’s first LTE service for c
TechnologyApril 26, 2016
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SK hynix to reduce investment this year
SK hynix, the chipmaking unit of SK Group, on Tuesday hinted at reducing new investment this year after posting a 65 percent plunge in its first-quarter net income on weak demand for electronics products. “We invested 6.6 trillion won ($5.7 billion) last year but the spending will be reduced this year,” SK hynix president Kim Joon-ho said during a conference call. SK hynix’s headquarters building (Yonhap)“Our investment for 3D NAND will start from the second or third quarter as planned.”In a re
TechnologyApril 26, 2016
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Civic group asks prosecution to investigate alleged 'staged rally'
A coalition of youth civic groups lodged a complaint with state prosecutors Tuesday over allegations that a presidential aide asked a conservative civic group to 'stage' a pro-government rally.The weekly magazine Sisa Journal earlier said that an official handling public communications at the presidential office Cheong Wa Dae sent a text message to a secretary general of a conservative civic group to hold a rally in support of Seoul's agreement reached with Tokyo late last year on the sexual sla
Social AffairsApril 26, 2016
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Massive restructuring of shipping, shipbuilders in the offing
A slew of companies ranging from shipping, shipbuilding to petrochemicals and steel -- once Korea’s growth engines -- exposed to financial risks stemming from downturns and bad debts are about to face rigorous restructuring spearheaded by the top financial regulator.The Financial Services Commission said Tuesday that it will carry out the so-called “three-track” system of corporate restructuring. Under the scheme, the regulator in collaboration with other state agencies and creditor banks will i
April 26, 2016
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China risk to global economy likely to grow: IMF
China’s spillovers that trigger financial asset price movement in global markets will grow with more tightened direct financial linkages among global economies and concerns about the country’s weaker growth and import demand, an official at the International Monetary Fund said Tuesday. “Spillovers of emerging market shocks to equity prices and exchange rates in advanced and emerging market economies have risen substantially and now explain over a third of the variation in asset returns in these
April 26, 2016
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Samsung Fire & Marine Insurance receives highest credit rating
The nation’s top nonlife insurer Samsung Fire & Marine Insurance said Tuesday that it received the highest credit rating of A++ from A.M. Best, a global insurance rating agency, for the fifth consecutive year in 2015. “The rating affirmations reflect Samsung Fire & Marine’s excellent risk-adjusted capitalization, strong operating performance and superior business profile,” A.M. Best said in a statement. Samsung Fire & Marine Insurance's headquarters in central Seoul.Local insurers are bracing fo
April 26, 2016
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Economic growth slows to 0.4% in Q1
Korea’s economic growth slowed to 0.4 percent on-quarter in the first three months of 2016, equal to the level reported during last year’s deadly MERS virus outbreak. Gross domestic product in the January-March period came in at a seasonally- adjusted 371.8 trillion won, up 0.4 percent from the three months before, preliminary estimates from the Bank of Korea show. That is a slowdown from a 0.7 percent expansion in the previous quarter and a return to the level registered in the second quarter o
April 26, 2016
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Unseen Beatles footage released
SYDNEY, April 26, 2016 (AFP) - Never-before-seen footage of The Beatles “mucking around” in a makeup studio ahead of a television performance, shot more than half a century ago, was released by Australia’s national film and sound archive on Tuesday. The 49-second black-and-white silent video clip was filmed with an 8 mm camera belonging to Australian dancer and makeup artist Dawn Swane, who was working at Granada TV in Manchester, U.K., at that time. The previously unreleased footage, from Nov.
PerformanceApril 26, 2016
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Prince’s lawyer: Singer led clean lifestyle
Prince’s longtime lawyer called the death of the superstar a complete shock and said Monday that the singer lived a clean and healthy lifestyle, disputing suggestions that he had a drug addiction. Prince was found dead in Paisley Park, his home and vast recording studio in Chanhassen, Minnesota, on Thursday at the age of 57. An autopsy was conducted, but complete results won’t be in for weeks. Police have said there was no indication of suicide. Lawyer L. Londell McMillan had known Prince for 25
PerformanceApril 26, 2016
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LS Cable & System wins $55m Danish cable contracts
LS Cable & System said Tuesday that it had signed contracts worth $55 million combined with two Danish energy companies, to supply extra high voltage cables.According to the firm, LS-VINA, LS C&S’ Vietnamese branch, will supply cables to Energinet, a Danish national transmission system operator for electricity and natural gas, for three years starting 2017 under a deal worth $20 million (23 billion won). LS Cable & System president Yoon Jae-in (right) and Torben Glar Nielsen, chief technology of
IndustryApril 26, 2016