Most Popular
-
1
Who's lying? Hybe vs. Min conflict continues to intensify
-
2
Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
-
3
Most teen sex offenders get away with slap on wrist
-
4
Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
-
5
Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
-
6
Thousands rally in Seoul to call for Yoon resignation
-
7
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
-
8
Same-sex couple denied insurance clearance despite landmark ruling
-
9
Panmunjom tours for select Korean nationals may resume in October
-
10
Young Poong says no better offer for Korea Zinc
-
Daily Wine offers affordable bottles
Affordable wine merchant Daily Wine opened its first shop in Uiwang, Gyeonggi Province, on Tuesday. The warehouse wholesaler trades more than 700 kinds of wine for discounted prices of between 5,000 won ($4) and 20,000 won. It is open to individual buyers. (Daily Wine)Daily Wine said it was able to offer low prices by cutting down on supply costs through direct transactions and bulk orders, as well as using a low-cost suburban location. The closest subway station to the Uiwang shop is the Indeog
Expat LivingApril 26, 2016
-
Korea will play every football match like it‘s final in Rio: coach
South Korea will play every match at the 2016 Olympic men's football tournament in Rio de Janeiro, Brazil, like it is their final one, the team's head coach said Tuesday.At a press conference in Seoul marking the 100-day countdown to their first match in Rio, Shin Tae-yong said South Korea will seek to match the country's bronze medal-winning performance at the London Olympics four years ago. It was the country's first-ever medal in Olympic football."I will not say at this moment that we can col
Olympic GamesApril 26, 2016
-
Drunk man attacks people at motel
A man who assaulted other unrelated people at a motel without provocation while under the influence of alcohol was arrested in Jin-gu, Busan on Tuesday. (Yonhap)The 33-year-old, identified by his last name Kim, grabbed a 47-year-old female motel worker by her hair and threw her to ground as she left work at around 5:10 a.m. When she ran back to the motel for help, Kim followed the victim and hit the motel owner, also female, and a 45-year-old man who was a long-term guest at the establishment.
Social AffairsApril 26, 2016
-
Firms' new employment expected to shrink 4.4%: survey
New recruitment by companies in Korea will likely decline over 4 percent in 2016 from a year earlier, boding ill for jobseekers already having tough time landing work, a survey showed Tuesday. In the survey conducted by the Korea Employers Federation on 336 companies with 100 workers or more, their planned recruitment for this year shrank 4.4 percent from last year. Job fair in Seoul (Yonhap)By sector, manufacturers' employment will likely decline 4.6 percent on-year, while non-manufacturing co
April 26, 2016
-
Renault Samsung CEO confident of meeting SM6 sales target this year
The chief executive of Renault Samsung Motors, the Korean unit of French automaker Renault S.A., said he expects the company will be able to meet its sales target for the SM6 sedan this year. Renault Samsung unveiled the SM6, a face-lifted version of Renault's Talisman sedan, in January in the Korean market with the aim of selling 50,000 units this year. Renault Samsung CEO Park Dong-hoon (Yonhap)"At first, we aimed to deliver 20,000 units in the first three months. For
MobilityApril 26, 2016
-
Korea seeks to double imports of Iranian oil
Korea is pushing to more than double its imports of crude and condensates from Iran as part of efforts to boost its oil trade with the Middle Eastern country, industry sources said Tuesday.Seoul and Tehran will likely sign a series of deals on the promotion of the oil trade early next month, when President Park Geun-hye is to make a trip to Iran to promote business ties between the nations, leading a delegation of some 200 businesspeople. (123RF)Her visit, the first of its kind by a Korean presi
April 26, 2016
-
Volkswagen to recall 2,473 Touaregs for brake problems
Audi Volkswagen Korea, the local unit of the German carmaker Volkswagen, will recall 2,473 Touareg sports utility vehicles for a defect in their brake pedals, the Korean transport ministry said Tuesday.A clip may have become dislodged from the pedal bracket, which could lead to a malfunction in the braking system while driving, according to the Ministry of Land, Infrastructure and Transport.The problem has been detected in 2,473 Touareg TDI SUVs produced between Feb. 10, 2011 and Jan. 19, 2016.P
MobilityApril 26, 2016
-
New housing permits jump 18.3% in March
New housing permits in Korea spiked 18.3 percent from a year earlier in March, data showed Tuesday, amid government efforts to prop up the local real estate market.The number of new home permits issued came to 61,750 last month, up from 52,200 in the same month last year, according to the data compiled by the Ministry of Land, Infrastructure and Transport. Apartment complex in Seoul (Yonhap)March marked the 15th consecutive month of on-year increase in new home permits.The sharp rise in March wa
IndustryApril 26, 2016
-
Park to closely work with int'l community amid tension
President ParkGeun-hye pledged Tuesday to closely cooperate with the international community to enhance South Korea's security and create fresh momentum for economic growth for Asia's fourth largest economy.Park made the comments in a meeting with chief editors of several dozen newspapers and broadcasters at Cheong Wa Dae, South Korea's presidential office.The latest comments came amid speculation that North Korea could carry out a fifth nuclear test.Last week, North Korea fired a submarine-laun
PoliticsApril 26, 2016
-
Participant in Pyongyang marathon says she felt no sense of crisis in Pyongyang
There appears to be no sense of crisis in Pyongyang according to a foreign participant in a North Korean marathon."I did not find any sense of crisis and uneasiness in North Korea despite the ongoing international sanctions," said a Singaporean woman, fresh from her rare trip to Pyongyang to participate in this year's annual Pyongyang marathon."The streets of Pyongyang, with the full blossoms of cherry and forsythia, were peaceful and people looked cheerful and bright," Ong Wann told Yonhap News
North KoreaApril 26, 2016
-
Korea‘s childbirths retreat for 3rd straight month in Feb.
The number of childbirths in South Korea dropped for the third month in a row in February amid a low birth and late marriage trend, government data showed Tuesday.About 34,900 babies were born in February, down 2.2 percent, or 800, from 35,700 a year earlier, according to data from Statistics Korea.The February figure also marked a 0.8 percent slip from 39,500 the previous month, but the rate of drop slowed from a 5.7-percent on-year cut tallied in January."It is part of a nationwide trend in So
Social AffairsApril 26, 2016
-
Think tank chief urges Obama to clarify Japan‘s war responsibility during visit to Hiroshima
A chief of a state foreign policy think tank said Tuesday that it is important for U.S. President Barack Obama to clarify Japan's responsibility for World War II should he visit the atom-bombed city of Hiroshima next month.Shin Dong-ik, the head of the Institute of Foreign Affairs and National Security under the state-run Korean National Diplomatic Academy, said in a contribution to the institute's periodical that such a clarification is needed to ensure that Tokyo remembers its wartime history.
InternationalApril 26, 2016
-
FBI arrests drunk Korean doctor for disorderly conduct on plane
A South Korean doctor, who was on a flight from Busan to Guam, was arrested by the FBI for getting drunk, smoking and throwing a fit inside the plane, reports said Tuesday.The passenger, identified as Kwon, 40, was taken by the FBI immediately after the Korean Air flight touched down at Guam’s Antonio B. Won Pat International Airport on April 16. Guam is part of U.S. territory.Reports said Kwon, after drinking five cans of beer during the flight, smoked inside a restroom. When approached and war
Social AffairsApril 26, 2016
-
N. Korea readying another mid-range ballistic missile launch: sources
North Korea appears to be readying to test-launch another intermediate-range ballistic missile after the country botched its first attempt earlier in the month, government sources said Tuesday.North Korea was initially detected to have loaded one or two IRBMs, known as Musudan, on the transporter erector launcher, near the country's eastern port city of Wonsan, earlier in the month. On April 15, one of the missiles was test-fired but reportedly blew up only a few seconds after lifting off. "Sig
North KoreaApril 26, 2016
-
Korean attitudes to marriage changing: think tank
The use of Korean word “bihon” -- referring to people who choose to remain unmarried -- has increased sevenfold on social media over the past five years, reflecting the people’s changing attitude toward marriage, said a private think tank Monday. (123RF)According to big data analyst company Daumsoft, its research on 700 million blog posts and 8.9 billion tweets by Koreans on the topic of marriage between Jan. 1, 2011, and April 20, 2016, showed an abrupt surge in the use of the word beginning fr
Social AffairsApril 26, 2016
-
Riot Games to support restoration of Korean Empire’s legation building
Riot Games, developer of the immensely popular online game “League of Legends,” said Tuesday it will donate 500 million won ($44,000) for the restoration of the Korean Empire’s legation building in Washington, D.C. The three-story building, built in 1889, was used for diplomatic activities of Korea’s last empire, the Daehan Empire, for 16 years. The legation building of the Daehan EmpireThe Korean government purchased the building, the only litigation building left overseas, from an individual
TechnologyApril 26, 2016
-
[Market Now] Shipbuilders rebound on government’s restructuring plan
Share prices of South Korean shipbuilders rebounded Tuesday on the government’s announcement of restructuring plans.The nation’s top shipbuilder Hyundai Heavy Industries rose 3.21 percent to close at 112,550 won ($97.90) on the main Seoul bourse, following a 6.03 percent decline on the previous day.Samsung Heavy Industries rose 0.93 percent to 10,800 won after a 6.96 percent fall on Monday. Daewoo Shipbuilding and Marine Engineering picked up 1.38 percent to 5,150 won on Tuesday after a 4.15 dro
April 26, 2016
-
N. Korea celebrates key anniversary without military events
North Korea has celebrated the 84th anniversary of the Korean People's Army's founding without a major military event, the North's media reports showed Tuesday, amid tougher international sanctions.The North marked its key military anniversary on Monday by holding cultural performances and other festivals across the nation, according to the Rodong Sinmun, the North's main newspaper.Pyongyang celebrated the anniversary in a relatively calm manner without military events in the face of stronger Un
North KoreaApril 26, 2016
-
Minister calls for market-led corporate restructuring
South Korea’s trade minister on Tuesday voiced government support for market and creditor-led restructuring for troubled local firms. “We encourage creditors to take the lead in carrying out restructuring processes based on the market system,” Trade Minister Joo Hyung-hwan said at a breakfast meeting with the chief executives of 10 large business groups. Trade Minister Joo Hyung-hwan (Yonhap)“For relatively healthier companies, we will map out legal systems to help them undertake a thorough over
April 26, 2016
-
Samsung‘s mobile business to post solid Q1 earnings
Samsung Electronics is forecast to post improved first-quarter earnings on the back of solid business from its IT and Mobile division.The tech giant’s mobile arm is estimated to post an operating profit of 3.5 trillion won ($3 billion), with some analysts suggesting close to 4 trillion won.The forecasts come after Samsung said earlier this month it sees its first quarter operating profit reaching 6.6 trillion won, up 10.37 percent from the same period last year. On-quarter, the estimate marks a
IndustryApril 26, 2016