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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Thousands rally in Seoul to call for Yoon resignation
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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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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Millennium sequel to be written in American detective fiction style
STOCKHOLM (AFP) - Swedish author David Lagercrantz, who took over the Millennium crime series from the late Stieg Larsson, said the fifth book will be written in a straight-talking style popularized by Raymond Chandler. But in an interview with the Swedish daily newspaper DN published Tuesday, Lagercrantz admitted that finding his voice in this new style was tough. “It's so much harder to write hard-boiled fiction than I thought. Good hard-boiled prose needs rhythm. You have to vary the sentence
BooksApril 21, 2016
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Seoul to tighten safety rules for budget carriers
The government said Thursday it will tighten regulations for local low budget carriers after a series of incidents indicating safety breaches. “The government will monitor how well they comply with internal safety aviation guidelines, while also encouraging them to invest more in maintenance facilities and experts by assessing their efforts,” the Ministry of Land, Infrastructure and Transport said in a release. The measure comes as critics are voicing concern about the safety of budget airplanes
IndustryApril 21, 2016
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Justice minister vows to crack down on election law violations
Justice Minister Kim Hyun-woong has vowed to put the utmost efforts into investigating irregular election campaign activities during last week's general elections."Unsuccessful candidates who violated election law cannot be forgiven for what they have done, nor can winners cover up irregularities they committed," Kim told Yonhap News Agency in an interview on Tuesday.Regardless of one's political affiliation or position, the minister said he will lead prosecutors to investigate the cases in a fa
PoliticsApril 21, 2016
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Foreign carmakers splurge on dividends
South Korean units of foreign carmakers were more eager to pay out dividends than to make donations in 2015, according to audit data.Mercedes-Benz Korea and seven major distributors of imported cars doled out a combined 4.22 billion won ($3.72 million) to charity last year, but their dividend payouts reached 83.61 billion won. Of the seven, Mercedes-Benz Korea, BMW Korea, Porsche Korea, Hanbul Motors Corp. were the only carmakers that made donations. Mercedes-Benz Korea topped the list with 2.05
IndustryApril 21, 2016
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Pandas from China unveiled to the general public
A pair of Chinese panda bears that arrived here last month as part of a joint research project were officially unveiled to the public on Thursday at the country's largest amusement park south of Seoul.After some 50 days of allowing the animals to get used to their new environment, Samsung Everland in Yongin, about 50 kilometers south of Seoul, held an opening ceremony for "Panda World" and showed the pandas to the public.The two, named Ai Bao and Le Bao, were sent from the Chinese southwestern p
Social AffairsApril 21, 2016
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Korea lifts ban on ballpark beer vendors
South Korea's tax office has decided to lift a controversial ban on beer vendors at baseball stadiums, officials said Thursday, apparently giving into an outcry from angry fans.Starting Monday, "beer boys" were banned from carrying kegs of draft beer and pouring it into cups upon order from fans sitting in the stands under government guidelines that cite a negative impact on minors and a related law. In a policy about-face, however, the National Tax Service has decided to allow mobile sales of
BaseballApril 21, 2016
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Scoreless innings streak snapped for Cardinals' Oh Seung-hwan
Oh Seung-hwan of the St. Louis Cardinals gave up his first two runs of the season Wednesday against the Chicago Cubs.The South Korean right-hander saw his scoreless innings streak snapped at eight innings, after allowing two runs in the top of the eighth inning on a rainy day at Busch Stadium in St. Louis.Oh hadn't given up a run in 7 2/3 innings in seven appearances prior to this game.Oh relieved starter Carlos Martinez to start the eighth, with the Cardinals ahead 4-1. The game was delayed by
BaseballApril 21, 2016
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North Korean FM arrives in New York on rare trip
North Korean Foreign Minister Ri Su-yong arrived in New York on Wednesday on his first trip to the United Nations since the communist nation sharply escalated tensions with its nuclear test in January.Ri, who was seen in Beijing the previous day, arrived on a flight from Dubai. He is scheduled to attend Friday's signing of a historic U.N. climate agreement, known as the "Paris Agreement," which was adopted in December to replace the Kyoto Protocol.The trip has drawn keen media attention as it ma
North KoreaApril 21, 2016
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Resumption of excavation work at nuclear test site may be to camouflage test preparations: 38 North
North Korea appears to have resumed excavation work at its underground nuclear test site, but the operations could be part of an attempt to camouflage preparations for a new nuclear test, the website 38 North said Wednesday.Satellite imagery taken on April 19 shows what appear to be two small mine ore carts on the track crossing the road from the tunnel entrance of the West Portal to the spoil pile, which "suggests that tunnel excavation operations are about to resume, or have recently resumed,
North KoreaApril 21, 2016
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U.S. defense bill calls for assessing capabilities to quickly deploy forces to Korean Peninsula
The U.S. defense budget bill for next year calls for the government auditor to assess the U.S. Transportation Command's capabilities to rapidly deploy forces to the Korean Peninsula from the mainland U.S. and elsewhere.The House Armed Services Subcommittee on Readiness included the assessment requirement in the National Defense Authorization Act for Fiscal Year 2017 (H.R. 4909), citing "new and increasingly threatening dynamics," according to congressional records."U.S. and Republic of Korea for
DefenseApril 21, 2016
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Failed N.K. missile launch damages launcher, causes human casualties: report
North Korea's failed launch of its Musudan intermediate-range ballistic missile last week sparked a huge fireball that damaged the launcher and could have also injured or killed missile technicians on the ground, a news report said Wednesday.The missile blew up about 300 feet above the ground, shortly after Friday's launch, and U.S. strategic defense surveillance systems, both airborne and space-based, videotaped the explosion, the Washington Free Beacon reported, citing U.S. defense officials.T
North KoreaApril 21, 2016
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FC Seoul coach proud of players after sealing AFC knockout spot
FC Seoul head coach Choi Yong-soo said Wednesday he is proud of his players for clinching the Asian Football Confederation Champions League knockout berth as a group winner.Seoul sealed the top spot in Group F after beating Thai champions Buriram United 2-1 at Seoul World Cup Stadium. The reigning Korean Football Association Cup champions, who now have 13 points with four wins and a draw in their group, have qualified for the round of 16 regardless of their final match against Sanfrecce Hiroshim
SoccerApril 21, 2016
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FC Seoul clinch AFC Champions League knockout berth
South Korean outfit FC Seoul clinched a knockout berth as the Group F winner at the Asian Football Confederation Champions League Wednesday with a 2-1 win over Buriram United at home.Jeonbuk Hyundai Motors, another South Korean club in action Wednesday, aren't quite there yet, but they did take a major step toward the knockout stage with a 3-0 win over FC Tokyo in the Japanese capital. At Seoul World Cup Stadium the hosts received goals from forward Dejan Damjanovic and midfielder Park Yong-woo.
SoccerApril 21, 2016
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Regulator rotates Samil PwC as Daewoo Shipbuilding auditor
The nation’s top financial regulator has replaced Daewoo Shipbuilding and Marine Engineering’s external auditor from Deloitte Anjin to Samil PwC, news reports said Thursday.The move comes as the Financial Supervisory Service is investigating whether Deloitte Anjin had played a role in helping the ailing shipbuilder dress up its financial records for the fiscal year of 2013 and 2014. Deloitte Anjin, which has been the external auditor for DSME since 2010, was recently found to have approved Daewo
April 21, 2016
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[Consumer This Week] Starbucks, Perioe, Admiral, McDonald’s, Golden Blue, Yakult
Starbucks presents Cold Brew to KoreaStarbucks Korea launched its Cold Brew at 100 stores in Korea on Tuesday.Cold Brew is an iced coffee that uses a roast of a special blend of African and Latin American beans, with only a small limited amount of espresso created each day.The ground beans are steeped in cold water for fourteen hours, maximizing its sweet chocolate flavor and silky texture. The original flavor of the beans is preserved by not exposing them to any heat.The special Cold Brew will
IndustryApril 21, 2016
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[Market Now] Haitai Confectionery to launch IPO to repay debt
Haitai Confectionery & Foods, the seller of the hit snack Honey Butter Chip, said 80 percent of its initial public offering shares will be offered to retail and institutional investors.In a regulatory filing on Thursday, Haitai said it would be offering a total of 5.83 million shares worth about 72 billion won ($63.3 million), or 12,300 won per share at a face value of 500 won. NH Investment & Securities and Samsung Securities is Haitai’s IPO manager. Honey Butter Chips (Yonhap)Of the 80 percent
April 21, 2016
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4 in 10 large Korean firms adopt peak wage system
Four out of 10 South Korean companies required to adopt the peak wage system this year did so, a business lobby said Thursday.A total of 42.7 percent out of 300 firms with more than 300 employee said they had adopted the new wage system in a survey by the Korea Chamber of Commerce and Industry. Elderly job hunters take part in a local job fair. (Yonhap)Under the peak wage system, employees get less pay from the age of 55 to retirement at 60. The aim is to continue providing senior employees wit
IndustryApril 21, 2016
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Samsung’s smartphone share rises, Apple falls in Q1
Samsung Electronics saw its stake in the global smartphone market grow in the first quarter of this year from the previous quarter, helped by brisk sales of the Galaxy 7 series.The world’s largest smartphone maker had a 27.8 percent global market share in terms of shipment, according to industry tracker TrendForce. Samsung’s Galaxy 7 (Yonhap)That reflected a rise from the 22.1 percent posted in the final three months of 2015, according to data compiled by industry tracker TrendForce.At the same
IndustryApril 21, 2016
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Seoul shares open higher following Wall Street gains
South Korean share prices opened higher on Thursday, tracking overnight gains in Wall Street.The benchmark Korea Composite Stock Price Index gained 0.55 percent, or 10.99 points, to 2,016.82 in the first 15 minutes of trading. Traders monitor Seoul share prices at a local bank. (Yonhap)Hyundai Motor, POSCO and AmorePacific rose, while Samsung Electronics and Daewoo Shipbuilding & Marine Engineering fell. Overnight, the Dow Jones industrial average closed 0.24 percent higher at 18,096.27 points,
April 21, 2016
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Korea, U.S., Japan look to increase military intelligence sharing
South Korea, the United States and Japan will look to expand their sharing of military intelligence in response to the growing threat posed by North Korea's nuclear and missile programs, a top U.S. diplomat said Wednesday. U.S. Deputy Secretary of State Tony Blinken made the remarks in an interview with South Korean reporters, saying the three countries are boosting security cooperation to protect their citizens from any North Korean provocation."Information-sharing among us is one important ele
Diplomatic CircuitApril 20, 2016