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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[Newsmaker] Samsung ready to tie technology with fashion
Technology will play a significant role in revolutionizing the global fashion industry, the chief of Samsung’s fashion unit said Wednesday, stressing that the South Korean electronics giant is ready to take the lead in the marriage between technology and fashion. A timeless value has been a defining component of luxury fashion for decades. However, fashion will become "limitless" in the future as fast-evolving technology and social networking services transform the way people experience and cons
IndustryApril 20, 2016
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SK Innovation mulls EV battery plant in China
SK Innovation said Wednesday that it will finalize its plans to build a battery plant for electric vehicles in China this year. “The company plans to transform its business portfolio to focus on more lucrative businesses such as EV batteries and noncommodity products,” said CEO Chung Chul-khil at a press meeting in Seoul. SK Innovation's CEO Chung Chul-khil (SK Innovation)The company needs to innovate its business structure as its traditional oil-refining sector repeatedly faces low growth, exce
IndustryApril 20, 2016
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LG Hausys sets sights on U.S. auto parts sector
LG Hausys, a construction materials firm and affiliate of LG Group, said Wednesday it has completed the construction of a factory in the U.S. in Gordon County, Georgia. The factory will produce materials for car seats, door panels and dashboards, collectively often referred to as automotive skins.The opening ceremony for the factory, dubbed “Autoskin Plant,” took place in the U.S. town on Tuesday. LG Hausys president Oh Jang-soo (left) and local state representative John Meadows look at automoti
TechnologyApril 20, 2016
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Seoul stocks end lower on low oil prices, profit taking
Korean shares trimmed earlier gains to close marginally lower Wednesday as institutional investors locked in recent gains. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 0.27 percent, or 5.53 points, to 2,005.83. It retreated after hitting an intraday high of 2,023.77, the highest intraday figure so far this year.Trade volume stood at a moderate 419.04 million shares worth 4.53 trillion won (4 billion), with decliners outnumbering adv
April 20, 2016
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Japan's quake could affect Korea in upcoming years: geologist
The possibility of an earthquake with a magnitude of up to 5.5 occurring on the Korean Peninsula in the next several years cannot be ruled out in the wake of Japan's latest quakes, a geologist here said, citing a pattern of seismic activity.But the presumed quake, even if realized, will cause no severe damage to South Korea as its buildings are designed to resist a maximum 6.5-magnitude earthquake, according to Ji Heon-cheol, head of the quake research center at the state-funded Korea Institute
Social AffairsApril 20, 2016
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GS Group chairman stresses act of implementing
GS Group chairman Huh Chang-soo called on CEOs and executives of affiliates to streamline their business projects, stressing the importance of timely implementation when uncertainties continue to loom large. “A key role of business leaders is to have other team members on the same page for business objectives and push ahead with projects, regardless of any challenges and business conditions,’’ the chief of the industrial giant said in the second-quarter meeting with about 150 CEOs and executives
April 20, 2016
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Duty free operators in all-out war to attract LVMH chairman
Korean duty-free operators are waging a fierce battle to have on their side Bernard Arnault, chairman of LVMH Moet-Hennessy Louis Vuitton, amid heated competition to house luxury brand stores at their tax-free outlets, according to industry officials on Wednesday.The chairman of the world’s largest luxury conglomerate, was on a surprise visit to Seoul to attend an international conference on luxury markets hosted by Conde Nast, publisher of fashion magazine Vogue.Arnault’s visit to Seoul was see
IndustryApril 20, 2016
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Korea Exchange agrees on cross-listing with Eurex
Korea Exchange has signed a cross-listing agreement with Eurex Exchange, the largest European derivatives exchange, on Wednesday to offer daily futures on Europe’s key stock index for trading on the local bourse. Choi Kyung-soo, chairman and CEO at Korea Exchange (fourth from left), and Jeffrey Tessler, CEO of Clearstream and a member of the Executive Board of Deutsche Boerse (fifth from left), pose together after signing a cross-listing agreement at Korea Exchange in Seoul, Wednesday. / KRXUnd
April 20, 2016
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Syria’s Palmyra arch, destroyed by IS, recreated in London
LONDON (AP) -- A 2,000-year-old triumphal arch destroyed by the Islamic State group in Syria has risen again -- in replica -- in London's Trafalgar Square. The Arch of Triumph in Palmyra formed part of one of the world’s most extensive ancient archaeological sites. The ancient city, a UNESCO world heritage site, was among Syria’s main tourist attractions before the civil war erupted in 2011. IS militants overran Palmyra in May 2015, demolishing Roman-era monuments including the archway and two l
PerformanceApril 20, 2016
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BOK board to get four new members
The majority of the Bank of Korea’s seven-member policy board will be replaced Thursday, putting markets on edge for a potential change in Korea’s monetary policy stance amid troubles in the country‘s export-driven economy. The four new members to join the interest-rate setting board are Lee Il-houng, the head of Korea Institute for International Economic Policy; Cho Dong-chul, the chief economist for state-run Korea Development Institute; Koh Seung-beom, the Standing Commissioner of Financial S
April 20, 2016
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Out-of-the-ordinary project blends jazz, art for a new work
NEW YORK (AP) -- Pianist Vijay Iyer has an unlikely backstory for a musician who's been voted jazz artist of the year in Downbeat magazine’s critics’ poll, received a MacArthur Foundation genius grant, and is a professor in Harvard’s music department. Largely self-taught on piano, he majored in physics and mathematics at Yale. At age 23, while pursuing his doctorate in physics at the University of California at Berkeley, he took the risky decision to become a professional musician to his parents
PerformanceApril 20, 2016
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Netmarble releases new mobile game ‘Stone Age’
South Korea’s leading mobile game firm Netmarble Games launched “Stone Age,” a new mobile role-playing game, on Tuesday in Seoul.The newly released game features a fictitious, prehistoric world where people resist against industrial revolutions. It is based on a PC online game of the same title, released by Japanese game company Japan System Supply in 1999. Netmarable Games’ new mobile role-playing game “Stone Age.” (Netmarble)Players complete a series of quests, such as winning an one-on-one ba
TechnologyApril 20, 2016
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KT joins forces with DreamWorks Animation
Korean telecommunications companies are desperately seeking ways to overcome breakneck competition in the local mobile network sector.One such effort involves beefing up their media platform businesses, often considered as their future growth engine.On Wednesday, network operator KT joined hands with U.S. filmmaker DreamWorks Animation to provide the latter’s animation content on KT’s IPTV service olleh TV.DreamWorks has produced mega-hit animated movies such as “Shrek,” “Kung Fu Panda,” “How to
TechnologyApril 20, 2016
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Morocco: one of the world’s oldest libraries is renovated
FEZ, Morocco (AP) -- The settling dust from renovations and the banging of tools are not ideal sights and sounds for a library -- but this is no ordinary library. Founded 12 centuries ago by a pioneering woman and nestled in the old medina of Fez, Morocco’s University of al-Qarawiyyin library is one of the world’s oldest libraries, home to unique Islamic manuscripts treasured by historians. Yet it has been largely hidden from the public. The architect leading its restoration, Fez native Aziza Ch
CultureApril 20, 2016
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Celebrity couple’s house wins in World Architecture Awards
Korean celebrity couple Jang Dong-gun and Ko So-young’s house in Gapyeong, Gyeonggi Province, was recognized in the 22nd World Architecture Awards, the World Architecture Community announced Tuesday. The couple’s Sincheon-ri House was built by Kwak Hee-soo, principal of IDMM Architects, in December 2013, upon the couple’s request for a serene shelter from their hectic routines, explained IDMM. Couple Jang Dong-gun and Ko So-young’s Sincheon-ri House in Gapyeong, Gyeonggi Province. (IDMM Architec
Arts & DesignApril 20, 2016
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Hallyu celebrity math book to be published abroad
What happens when K-pop and K-drama team up with Korean education? A book on easy ways to learn math. “Kim Jeong-hoon’s Math Essay” written by singer-turned-actor Kim Jeong-hoon is slated to be published in six places in Asia -- China, Taiwan, Hong Kong, Macau, Singapore and Malaysia -- in their respective native languages, Kim’s agency Mars Entertainment announced Tuesday. Cover of “Kim Jeong-hoon’s Math Essay” (Zzim Mission) Major Chinese publisher Posts & Telecom Press has confirmed its init
PerformanceApril 20, 2016
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I’d Watch That website asks public to make, judge TV ideas
LOS ANGELES (AP) – You’re mystified by the number of destined-for-failure shows on TV and figure you could make better picks than network executives. Or you sneer at the recycled concepts of too many dull series when you have a killer original story to tell. Whether you fall into either camp or both, there’s a new website for you to play on: I’d Watch That, which launched five months ago with some heavyweight financial backers. It invites aspiring TV makers to post a “sizzle” reel of up to two
TelevisionApril 20, 2016
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‘Descendants of the Sun’ filming set to be rebuilt
The filming set of KBS2 hit TV drama series “Descendants of the Sun” in Taebaek, Gangwon Province, will be restored by the end of June, the city announced Tuesday. KBS, drama production company NEW and the city of Taebaek met Monday to discuss the restoration of the film set. They decided to rebuild the site by no later than June, the city announced. As the TV drama has garnered a great deal of attention at home and abroad, the demand of tourists seeking to visit the site is soaring, said the c
TelevisionApril 20, 2016
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Russian arrested for cashing a counterfeit check
A Russian sailor who cashed a fake 10 billion won ($8.8 million) check was arrested on Wednesday. The Busan Saha police said the 29-year-old Russian exchanged the visibly crude counterfeit check at a convenience store for 650,000 won.Police discovered the store’s part-time worker to be verbally impaired and lacking in discernment. The counterfeit checks the Russian held upon arrest. (Yonhap)Emboldened by the initial success, the man attempted an identical trick two hours later at another conven
Social AffairsApril 20, 2016
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‘Kill Me, Heal Me’ wins Houston drama awards
Korean TV series “Kill Me, Heal Me” has won best drama at the World Fest-Houston International Film Festival, the television network that aired the show said Tuesday. The MBC show starring actor Ji Sung and actress Hwang Jeong-eum won the Grand Prize in the TV Series-Dramatic category this year, the broadcaster said. In “Kill Me, Heal Me,” a first-year psychiatry resident (Hwang) falls in love with the heir (Ji) to a family-owned conglomerate. Hwang Jung-eum (left) and Ji Sung star in the MBC TV
TelevisionApril 20, 2016