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
Thousands rally in Seoul to call for Yoon resignation
-
6
Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
-
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
-
Korea to cut class size of high schools
South Korea will reduce the size of high school classes to match international standards as part of an effort to provide a better educational environment, the government said Monday.Under the envisioned plan, the class size of an average high school will be reduced to an average of 24 students by 2022 from last year's 30, the Ministry of Education said.Also, the ratio of high school students to teachers will be cut from 16.6 to 13.3, according to the plan.The plan is in line with standards set b
Social AffairsApril 25, 2016
-
Koreans eat more bacon, less rice for breakfast
A rising number of Koreans are opting for bagel and bacon in place of rice for breakfast. Gmarket, one of the leading online retailers that also sells groceries here, said Monday that sales of products related to western-style breakfasts have more than doubled in the period leading up to April 20 this year, compared to the same period last year. (Yonhap)According to the retailer, sales of eggs has grown by 18 times, while sales of bacon and other processed pork products went up by 68 percent and
IndustryApril 25, 2016
-
Number of farmers, fishermen continue to fall in Korea
The number of South Koreans in the agrofisheries sector continued to decrease due to a rapidly aging population and urbanization, government data showed Monday.Households engaging in the farming and fishing business totaled 1.24 million last year, down 7.9 percent from 1.34 million in 2010, according to the data compiled by Statistics Korea.The number of farmers and fishermen also dropped 16.4 percent to 2.92 million from 3.5 million over the five-year period.The families involved in the agrofis
April 25, 2016
-
[Photo News] Lotte awards value champion
VALUE CHAMPION -- Lotte Group chairman Shin Dong-bin (left) poses with Ji Sang-hoon, leader of the polycarbonate production team at Lotte Chemical’s Yeosu factory, who won the Value Champion Award for contributing to the group’s efforts in saving energy and enhancing productivity, at the annual HR Forum at Lotte Concert Hall in Jamsil, Seoul, on Monday. (Lotte Group)
IndustryApril 25, 2016
-
Mobile banking subscribers up 27.4% in 2015
The number of people accessing bank accounts through mobile devices rose 27.4 percent in 2015, Bank of Korea data showed Monday. Mobile banking service subscribers stood at 76.5 million at the end of 2015, while Internet banking grew 13.2 percent to 116.8 million users. The tallies include overlapping subscribers.Smartphone-based banking, in particularly, posted a 34.4 percent jump in users to 64.8 million, topping the 60 million mark for the first time. Central bank data also showed solid growt
April 25, 2016
-
KT makes girl group concerts available on IPTV, VR
KT, Korea's second-largest mobile carrier, has simultaneously broadcast a K-pop concert in real-time at home and overseas on its IPTV service, a move to secure a new source of profit with the rise of K-pop, the company revealed Monday.KT's latest live broadcast of K-pop concerts was on Friday, when it aired its first exclusive live concert of the K-pop girl group Stellar on its IPTV operation, Olleh TV. K-pop girl group Stellar on IPTV operation, Olleh TV (Yonhap)The real-time broadcast was mad
IndustryApril 25, 2016
-
Outgoing USFK chief says vigilance needed against N.K.‘s 'persistent, proximate' threats
The South Korea-United States alliance must be vigilant against North Korea's "persistent and proximate" threats as the country is developing its ballistic missile capabilities and readying for a fifth nuclear test, the top American commander here said Monday in his farewell ceremony."Just these last few days, we have witnessed attempts to develop ballistic missile capabilities, as well as claims North Korea will do a fifth nuclear test soon," Gen. Curtis Scaparrotti said in the South Korean Joi
DefenseApril 25, 2016
-
One soldier killed, 6 others injured as military vehicle
A K-55 self-propelled artillery vehicle overturned in the southeastern South Korean city of Pohang on Monday, killing a service member and injuring six others with one in critical condition, military officials said. During the 10:15 a.m. accident, the Marine Corps vehicle veered off an unpaved road on a hill en route to a training ground in the city, located some 400 kilometers from the capital Seoul, and ditched 5 meters before overturning according to the officials.The vehicle, the last of 19
DefenseApril 25, 2016
-
Marginal large companies account for 12% of policy lending
About 12 percent of corporate lendings by Korea's two government-owned policy lenders were extended to marginal large companies as of 2014, a report showed Monday, amid rising public calls for drastic corporate restructuring.A company failing to earn enough operating income to cover its interest expenses for three consecutive years is defined as marginal by the Bank of Korea.The Korea Development Bank (KDB) and the Korea Export-Import Bank (Exim Bank) provided a combined 82 trillion won ($7.12 b
IndustryApril 25, 2016
-
Korea's terms of trade further improve in March
Korea's terms of trade continued to improve in March from a year earlier as export prices rose at a faster clip than import prices, central bank data showed Monday.The terms of trade index for products came to 104.01 last month, up 0.5 percent from revised 103.49 the previous month, according to preliminary data from the Bank of Korea (BOK).From a year earlier, the March reading marks a 5.1 percent increase. March also marked the third consecutive month the country posted an on-year gain in trad
April 25, 2016
-
Former Hanjin Shipping chief's controversial stock sale to be investigated
Korea's financial regulator on Monday said it will open an investigation into the controversial sale of stocks in Hanjin Shipping by the family of its former chairwoman.The Financial Supervisory Service (FSS) said it will look to see if Eusu Holdings Chairwoman Choi Eun-yeong, former chairwoman of Hanjin Shipping, sold the financially troubled shipping company's stocks using undisclosed information to avoid hefty losses. Choi Eun-yeong, former chairwoman of Hanjin Shipping
BusinessApril 25, 2016
-
Park Bo-gum meets Taiwan fans
Actor Park Bo-gum held a fan meeting at Taipei International Convention Center in Taiwan on Saturday. Park, who rose to stardom with the tvN drama series “Reply 1988” last year, attracted about 2,500 international fans for his first overseas fan meeting, said the actor’s agency Blossom Entertainment. The tickets sold out seven minutes after ticket sales started, demonstrating the actor’s popularity, the agency added. Actor Park Bo-gum at a fan meeting held at the Taipei International Convention
TelevisionApril 25, 2016
-
Korean-Chinese arrested for lewd video blackmail
A key member of a scam ring operated by ethnic Koreans from China was arrested Monday, according to Busan Haeundae police.The suspect had blackmailed Korean men with videos of them performing lewd acts. (Yonhap)Police said the scam group, based in China, had a few of its members enter Korea in November 2015 to for the illicit activity. The members stayed at rented homes on Jejudo Island. A female member would contact the Korean men over smartphone dating applications and invite them to a video c
Social AffairsApril 25, 2016
-
South Africans arrested for theft
Two South African nationals were booked without detention on Monday for stealing from Korean banks. The Busan Yeonje police said one of the man, a 23-year-old, had asked to see a bundle of 50,000 won ($40) notes from a bank in Busan to decide how much currency he wanted to exchange. While holding the money in front of the bank’s teller, he took nine notes from the bottom of the stack without being detected. Busan Yeonje police station (Yonhap)The teller later discovered the theft and reported th
Social AffairsApril 25, 2016
-
Mirae Asset Global Investments accelerates global expansion
Mirae Asset Global Investments, Korea’s leading asset management firm, is strengthening its foothold in overseas markets by diversifying its investment portfolio with a network spanning more than 12 countries.Since it made a foray into Hong Kong in 2003 by setting up its first overseas office, the flagship asset management affiliate of Mirae Asset Financial Group has bolstered its presence by establishing subsidiaries in both emerging and developed financial markets like India, Brazil, Taiwan, t
April 25, 2016
-
Jeju to erect statues of its two symbols in Paraguayan capital
The Jeju provincial government said Monday it will erect two stone statues symbolic of South Korea's resort island of Jeju this week in the Paraguayan capital of Asuncion as part of its efforts to promote the island and friendly ties with the Latin American country.Delegations from the island and Paraguay are to unveil the two-- a "dolharubang," a statue carved from hole-ridden basalt ubiquitous on the country's largest island, and a statue of "haenyeo," or woman divers -- during a ceremony at a
InternationalApril 25, 2016
-
Seoul on alert for Pyongyang‘s possible nuke test
South Korea is on high alert for a possible nuclear test by North Korea that could take place as early as Monday to mark the 84th anniversary of the founding of the Korean People's Army, the defense ministry said.South Korea has been bracing for North Korea's fifth nuclear test in the runup to major national events in the communist country, including the KPA anniversary and the all-important party congress expected to take place in early May."Our military is maintaining thorough preparations aga
North KoreaApril 25, 2016
-
Olympic skating champ Lee Sang-hwa named PyeongChang 2018 honorary ambassador
Two-time Olympic speed skating champion Lee Sang-hwa was appointed honorary ambassador for the 2018 PyeongChang Winter Games on Monday.At a press conference in Seoul, Lee said she was honored to take the role in which she will promote South Korea's first Winter Olympic Games. "I will put my best effort forward to promote the PyeongChang Games as an ambassador and show a good performance as a skater," she said. Lee is the 16th honorary spokesperson for the Winter Games to be held in PyeongChang,
Olympic GamesApril 25, 2016
-
S. Korea, Japan, China to hold talks on arctic affairs Thursday
South Korea, Japan and China will hold their first high-level talks on arctic affairs in Seoul this week, the Foreign Ministry said Monday, in a move to open a new frontier of cooperation among the three neighbors long mired in territorial and historical feuds.The first arctic cooperation dialogue will be held at the Ministry of Foreign Affairs building on Thursday, led by South Korean Arctic Affairs Ambassador Kim Chan-woo and his Japanese and Chinese counterparts Kazuko Shiraishi and Ma Xinmin
InternationalApril 25, 2016
-
Man detained for forcing bank tellers to smile
A man who caused a disturbance by demanding tellers at a local bank to smile while working was ordered five days of detention in a rare ruling.The Seoul Central District Court said Monday it sent down the order against the man identified by his surname Huh, 35, who was indicted for obstruction of business and assault.Huh was brought to the summary court after visiting a bank in Seoul a number of times on April 8, accusing the female bank tellers there of being “unpleasant.” He demanded the clerk
Social AffairsApril 25, 2016