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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Thousands rally in Seoul to call for Yoon's resignation
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Most teen sex offenders get away with slap on wrist
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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Suicide attempts spike among youth in Korea
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Panmunjom tours for select Korean nationals may resume in October
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Korea will remain second seed despite forfeit victory over Kuwait
South Korea will remain a second seed in the final Asian qualifying round for the 2018 FIFA World Cup despite the world football governing body's ruling that the country should be awarded a forfeit victory for their unplayed qualifier against Kuwait last month. FIFA's Disciplinary Committee announced on Wednesday (local time) that Kuwait have forfeited their Group G matches against South Korea and Laos in the second round Asian qualifiers for the World Cup in Russia. Kuwait have been suspended b
SoccerApril 7, 2016
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Mobile carriers' Q1 profit to improve on marketing cut
Korea's three mobile carriers are expected to enjoy improved performances in the first quarter of 2016 from a year earlier, industry data showed Thursday, on the back of reduced marketing expenditures.According to the data compiled by financial tracker FnGuide, the country's three mobile carriers -- SK Telecom, KT, and LG Uplus -- are expected to post a combined operating profit of 976.3 billion won in the January-March period, up 11.2 percent from a year earlier.Sales are estimated at 12.5 tril
IndustryApril 7, 2016
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Kia Motors expected to launch Mexico plant as planned: sources
Kia Motors, Korea's second-ranked carmaker, is expected to start operations at its plant in Mexico as planned amid reports that negotiations over the local government's promised incentives seem to be making some headway, industry watchers said Thursday.Media reports have raised speculation that the May launch of the plant located in the northern Mexican state of Nuevo Leon might face a hurdle as the local government sought renegotiations on incentives and other benefits it earlier promised to lu
MobilityApril 7, 2016
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Korea to launch Muslim-friendly certificate system for restaurants
A Korean state-run tourism promotion agency is pushing to introduce a "Muslim-friendly certificate" for local restaurants where visitors could be served well-prepared halal food, industry sources said Thursday.According to the sources, the Korea Tourism Organization (KTO) plans to launch the Muslim-friendly certificate system around August, which will be granted to restaurants based on how well halal food and other dishes are prepared and served.Halal food refers to food products that are prepar
IndustryApril 7, 2016
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Samsung, LG seek performance revival via flagships
Korea's top tech giants are expected to enjoy improved sales from their mobile businesses, industry watchers said Thursday, as their flagship smartphones just released in March are boasting better-than-expected sales at home and abroad.The average daily sales of Samsung Electronics's Galaxy S7 and Galaxy S7 Edge smartphones are estimated at 15,000 units in Korea, with accumulated sales estimated at 400,000 units, industry data showed.Local analysts earlier said Samsung sold around 10 million uni
IndustryApril 7, 2016
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Porsche to recall 5,908 Cayenne SUVs for brake problem
Porsche Korea, the local unit of the German luxury car brand Porsche, will recall 5,908 Cayenne sports utility vehicles for problems in their foot pedals, the Korean transport ministry said Thursday.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 5,908 Cayenne SUVs produced between Jan. 15, 2010 and Jan. 11, 2016.Free rep
MobilityApril 7, 2016
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Former KORAIL chief arrested over corruption in urban development project
Prosecutors on Thursday formally arrested a former chief of South Korea's rail operator on suspicions of bribery in connection to a now-scrapped urban development plan in Seoul.The Seoul Central District Court issued a warrant to arrest Huh Joon-young, who led the Korea Railroad Corp. from 2009 to 2011, noting there are considerable reasons to believe he committed the crimes and could possibly destroy evidence.The 63-year-old is accused of receiving some 20 million won of illegal political funds
Social AffairsApril 7, 2016
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Kerry slams Trump's nuclear armament suggestion
U.S. Secretary of State John Kerry has slammed Donald Trump's suggestion that South Korea and Japan develop their own nuclear weapons for self-defense, saying nothing can be "more volatile" or "more contrary" to peace and stability.Kerry also said in an interview with PBS on Tuesday that countries around the world are greatly concerned about the Republican front-runner and that wherever he goes as America's top diplomat, he gets questions, "What has happened to your politics?""When Donald Trump
World NewsApril 7, 2016
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Kooksoondang releases banana makgeolli
Traditional liquor producer Kooksoondang has released a new line of makgeolli flavored with banana, the company announced Thursday.The Rice Makgeolli Banana combines traditional Korean methods of brewing makgeolli together with banana puree, an internationally enjoyed ingredient. The makgeolli contains 4 percent alcohol, and will be priced at approximately 1,700 won per 750 milliliters. Kooksoondang’s Rice Makgeolli Banana (Kooksoondang)Rice Makgeolli Banana will be sold in 11 countries around t
IndustryApril 7, 2016
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Best Korea Brands reflects potential of beauty, content markets
With Samsung Electronics remaining on top, an annual list of Korean brand value showed beauty and content brands picking up momentum in a fast pace.According to global brand consulting firm Interbrand, cosmetics brand AmorePacific, home to the premium brand Sulwhasoo, was the second-fastest growing brand in terms of brand value in 2015. Breaking into the top 10 for the first time, AmorePacific’s brand value grew at 41 percent to reach 2.44 trillion won ($2.1 billion). The top 50 Korean brands,
IndustryApril 7, 2016
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Man allegedly sells out wife as prostitute
A man who allegedly told his wife to sleep with another man to extort money out of the latter will be tried on charges of false accusation. Seoul’s Northern District Prosecutor’s Office said on Thursday that the 26-year-old man, who is mildly impaired, directed his 25-year-old wife, who has a second-degree mental disability and an IQ of 45, to seduce strangers on the streets. They had been living on government subsidies at the time.(123RF)Following the husband’s orders, the wife had taken a ma
Social AffairsApril 7, 2016
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[Consumer This Week] ‘Descendants of the Sun’ cookies, Yamaha, Crocs, Burberry, Lafuma and Pulmuone
KBS rolls out ‘Descendants of the Sun’ cookiesKorean Broadcasting System, a major TV channel that airs hit drama “Descendants of the Sun,” has released gift sets of handmade cookies named after the show. The station will receive preorders for the products through Korea’s online shopping sites including Gmarket, Auction, 11ST and Interpark. Cookies will be shipped out starting April 14 and orders can also be made from outside the country. There are five kinds of cookie sets, including sugar-coate
IndustryApril 7, 2016
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Korean shares edge up on Samsung's 'earnings surprise'
Korean shares opened slightly higher Thursday on an apparent "earnings surprise" from Samsung Electronics while investors continued to bet the U.S. Fed will not hurry to raise its key rate.The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.58 points, or 0.44 percent, to 1,971.32 in the first 15 minutes of trading.Market leader Samsung Electronics gained 0.54 percent after releasing its formal estimate of first-quarter operating profits.Samsung announced that it racked up 6.6 trillion
April 7, 2016
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Samsung Electronics' Q1 earnings beat forecast
Korean tech giant Samsung Electronics said Thursday its first-quarter operating profit is estimated to have hovered far above the previous forecast, apparently on the back of early sales of its flagship smartphone, the Galaxy S7.Samsung said it is believed to have posted an operating profit of 6.6 trillion won ($5.6 billion) in the January-March period, up 10.37 percent from the same period last year. From the previous quarter, the Q1 estimate marks a 7.49 percent rise. Samsung Galaxy S7 (Yonhap
IndustryApril 7, 2016
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CJ CGV's credit outlook 'negative' over deal to buy Turkey's cinema chain
Korea Ratings, a leading credit rating agency in South Korea, downgraded the credit outlook for CJ CGV from "stable" to "negative" Wednesday, citing a growing financial burden from its planned takeover of a Turkish cinema chain.CJ CGV, South Korea's top operator of multi-screen theaters, announced earlier that its consortium would buy Istanbul-based Mars Entertainment Group for 792 billion won ($682 million).CJ CGV plans to pay 300 billion won to secure a 38.1 percent stake.Korea Ratings noted t
IndustryApril 6, 2016
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Two S. Korean ships freed from Chinese custody
Two South Korean ships have been released by China after being seized for an alleged collision with a local fishing boat, officials said Wednesday.A tugboat and a barge were impounded on March 18 in the eastern Chinese port city of Ningbo after they reportedly collided with the Chinese vessel while sailing through Chinese waters west of the Korean Peninsula.Nine Chinese fishermen went missing as it sank.The owner of the ships has completed talks about compensation through an insurance firm, acco
Diplomatic CircuitApril 6, 2016
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Ex-Olympic swimming champ Park Tae-hwan ruled out of Rio Games
Former Olympic swimming gold medalist Park Tae-hwan was ruled out of this year's Rio Summer Games Wednesday following a decision by the nation's top sports body.The Korean Olympic Committee (KOC) said it would not amend its rule preventing athletes who've served doping suspensions from representing the country for three years, starting on the day the suspension ends.Park recently served an 18-month suspension after testing positive for testosterone, and his ban ended on March 2.The KOC institute
Olympic GamesApril 6, 2016
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KDB strengthens push for alternative energy
Korea Development Bank said Wednesday that it has signed an agreement with Korea Energy Agency to cooperate in alternative energy, energy efficiency and climate change mitigation. “We hope the pact will help both sides deepen their interest in renewable energy. KDB, for its part, will up efforts to provide financial support to companies operating in the field,” said KDB’s senior executive vice president Ryu Hee-gyeong in a press release. Korea Development Bank‘s senior executive vice president R
April 6, 2016
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Awareness of animal rights grows in Korea
This is the first installment in a series of articles that look at South Korea’s pet culture and industry. –Ed.Stay-at-home mother Cho Young-ai has endured painful treatments to fight cancer for the past three years, but luckily two companion animals have given her a great deal of emotional support and strength to survive. “When I was ill and isolated in a rural area, I felt relieved to see my dogs wagging their tails as if everything was going to be just fine,” the 51-year-old told The Korea He
Social AffairsApril 6, 2016
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Diplomats criticized for taking selfies while causing protocol blunder
Some senior diplomats have found themselves in the center of controversy after being spotted taking selfies the same day a protocol error was made during President Park Geun-hye’s participation at the Nuclear Security Summit in Washington last week. Recent video footage captured the scene where U.N. Secretary-General Ban Ki-moon came to see the president before the conference’s plenary session kicked off last Friday. As the two shook hands and exchanged conversation, Choi Jong-moon, deputy minis
Diplomatic CircuitApril 6, 2016