Most Popular
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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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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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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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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Trade ministers of S. Korea, China hold talks in Beijing
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[Weekender] Dansaekhwa, force behind globalization of Korean art
At K Auction’s Hong Kong sale on March 25, Korean monochrome paintings, dubbed Dansaekhwa, led strong sales, proving its steady popularity among international collectors. A 1975 abstract painting by Kim Whan-ki fetched 2.2 billion won ($1.8 million). All six paintings of Park Seo-bo were sold. A white monochrome painting by Chung Sang-hwa sold for 710 million won, higher than its highest estimate of 473 million won. “We could see that the Dansaekhwa boom was continuing. They attracted attentio
PerformanceApril 1, 2016
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Park discusses U.S. missile defense system with Xi
South Korea and Japan will hold talks on Friday to strengthen cooperation in the development sector, setting aside their political differences, officials said.The two countries have held annual meetings to discuss their respective development policies but have yet to conduct any joint projects. Development cooperation is seen as one area where the neighbors could work together despite their various rows over history and territorial issues."South Korea and Japan are the only donor nations in the
Foreign AffairsApril 1, 2016
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GM Korea's March sales up 3.4%
GM Korea Co., the local unit of U.S. carmaker General Motors Co., said Friday that its sales in March grew 3.4 percent from a year earlier, driven by strong demand from the domestic market.The carmaker said in a press release that it sold 56,144 units last month, compared with 54,305 units a year earlier.Its domestic sales rose 27.6 percent on-year to 16,868 units, with sales of its Spark city car spiking nearly 90 percent to a record high of 9,175 units.The company's overseas shipments, however
MobilityApril 1, 2016
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Audi Korea says payment of tax refunds to Korean customers under way
The local unit of Audi, the luxury brand of German carmaker Volkswagen, said Friday that it is in the process of paying tax refunds to its customers, dismissing criticism over its alleged refusal to follow the government's changed tax policy, which recently led to some lawsuits demanding compensation. In its emailed statement, Audi Korea said that it has notified all of its dealerships here about the government's decision to extend a tax cut for new car purchases and that they are paying refund
MobilityApril 1, 2016
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Number of executives earning over W500 mln a year on the rise
A total of 748 corporate executives in South Korea earned more than 500 million won ($437,000) in annual salary and other incomes in 2015, marking a rise of 3.9 percent from 720 executives in the previous year, a stock-evaluating website said Friday.Market research company Chaebul.com said it surveyed the paychecks of the standing board members at 2,643 companies nationwide with their incomes, cited in the data, including severance pay and stock options.The nation's 10 largest conglomerates acco
April 1, 2016
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Journalist ordered to compensate YG for false report
A local court on Friday ordered a journalist to pay 10 million won ($8,700) to YG Entertainment, one of the country's top management agencies, and its head for defamation by reporting false allegations of drug abuse by its singers.The Seoul Western District Court found the reporter working at a local sports newspaper, whose identity was withheld, guilty of reporting on possible drug abuse by YG singers in July 2015 and defaming the plaintiffs.The agency and its chief Yang Hyun-suk had originally
PerformanceApril 1, 2016
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Home sales of new LG smartphone stronger-than-expected
The sales of LG Electronics Inc.'s latest flagship smartphone, the G5, reached 15,000 units on its first day of sales in South Korea, industry sources said Friday, signaling a possible recovery of the company's ailing mobile business.The LG G5, which just went on sales on Thursday, saw its first-day sales reach 15,000 units here, hovering far above its predecessor, which managed to sell only around 5,000 units.Another industry source said the figure could be higher considering that KT Corp., the
IndustryApril 1, 2016
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N.K. continuing to jam GPS: defense ministry
South Korea's defense ministry said Friday that North Korea is continuing to jam Global Positioning System signals in a bid to raise tensions.The announcement comes after Seoul issued a warning late Thursday as it detected signs that North Korea has been engaged in radio jamming operations against the South. It said the North's actions have been ongoing for about a month "North Korea is expected to continue to disrupt GPS signals in South Korea for a while in a bid to raise tension on the penins
North KoreaApril 1, 2016
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Pyongyang's GPS disruption affects 110 planes, vessels
South Korea's ICT ministry said Friday the latest disruption of the Global Positioning System signal, conducted by Pyongyang, has affected 110 planes and ships. The Ministry of Science, ICT and Future Planning said the disruption affected 58 airplanes and 52 vessels in South Korea, although no significant damage has been reported so far.On Thursday, the ministry issued the GPS disruption warning in Seoul, the adjacent city of Incheon, and the surrounding Gyeonggi and Gangwon provinces as North K
North KoreaApril 1, 2016
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Annual salary for workers at loss-making shipyards tops W70m won
The average annual paycheck of workers at the country's top three shipbuilders hovered above 70 million won ($61,200) last year, although local shipyards suffered record losses, industry data showed Friday.Hyundai Heavy Industries Co. paid 78.2 million won on average to its 25,236 workers last year, with the comparable figures for Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. being 75 million won and 71 million won, respectively, the data showed.But this year thei
April 1, 2016
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Korean military vows to prevent spread of Zika virus
South Korea's defense ministry said Friday it has ordered its troops to step up efforts to prevent the outbreak of the Zika virus after the country confirmed its first case in March.The military's move came as a 43-year-old man tested positive for the mosquito-borne virus last month after he traveled to Brazil and confirmed he was bitten by a mosquito during his trip."The government ordered the ministry on Thursday to strengthen efforts to effectively deal with the virus as mosquitoes start to b
Social AffairsApril 1, 2016
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Samsung expands presence in chips, loses ground in handsets
Samsung Electronics Co. saw its global presence in the semiconductor sector advance on-year in 2015, its business report showed Friday, while the shares in the handset segment continued to lose ground.According to the latest data compiled by the South Korean giant, Samsung took up 45.3 percent of the global dynamic random access memory market in 2015, up 5.7 percentage points from 39.6 percent posted a year earlier."While the falling demand in mobile devices, such as smartphones and tablet PCs,
IndustryApril 1, 2016
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SME lobby chief proposes alternative inter-Korean complex on Chinese border
Following the recent shutdown of an inter-Korean joint industrial park in North Korea's Gaeseong, an association of South Korean small businesses has been reviewing ways to build an alternative complex near the Chinese border to take advantage of its geographical proximity, its chief said Friday.The Park Geun-hye government in early February shut down the Gaeseong Industrial Complex, just north of the Demilitarized Zone separating the two Koreas, in response to Pyongyang's fourth nuclear test an
North KoreaApril 1, 2016
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China's Xi calls for dialogue on Korean Peninsula 'predicament'
Chinese President Xi Jinping called for dialogue to resolve the "predicament" on the Korean Peninsula during a bilateral summit with South Korean President Park Geun-hye in Washington, China's official Xinhua News Agency reported Friday. "The Chinese side stands ready to make efforts in a constructive way to resume dialogue within the framework of the six-party talks," Xi was quoted as telling Park, according to the Xinhua report from Washington. Park and Xi held the summit on the sidelines of a
North KoreaApril 1, 2016
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Mobile subscribers in Korea set to break 60-mln mark
The number of subscribers to mobile network services in South Korea is set to top a landmark 60 million by the end of 2016, industry sources said Friday, hovering far above the country's population.The outlook came as the number of those with mobile network accounts, including those for wearable devices, reached 59 million as of end-February, according to the latest data compiled by the Ministry of Science, ICT, and Future Planning.As South Korea's population currently stands around 51.5 million
IndustryApril 1, 2016
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Samsung employees' average annual salary tops W100m for 3rd year
The average annual paycheck of Samsung Electronics Co.'s employees and executives hovered above 100 million won ($87,489) in 2015 for the third consecutive year, data showed Thursday.According to the latest data compiled by the South Korean tech giant, its 95,652 employees and executives raked in 101 million won on average last year, slightly lower than the 102 million won posted in 2014.Male employees, which make up 68 percent of the entire workforce, made 110 million won on average, while thei
April 1, 2016
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Obama calls for vigilant enforcement of sanctions on N.K.
Obama made the remark after a trilateral summit with South Korean President Park Geun-hye and Japanese Prime Minister Shinzo Abe on the sidelines of the Nuclear Security Summit in Washington, stressing that security of the three countries is "linked."North Korea was the top issue as Pyongyang has been ratcheting up tensions with threats of attacks, claims of breakthroughs in its nuclear and missile programs and a series of missile launches in defiance of international pressure."We are united in
North KoreaApril 1, 2016
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Park warns of tougher sanctions against N.K. over possible provocation
President Park Geun-hye warned North Korea against staging another provocation as she met Thursday with U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe.North Korea is under growing international pressure to drop its nuclear ambitions after it carried out its fourth nuclear test on Jan. 6 and a long-range rocket launch on Feb. 7.The U.N. Security Council has imposed the toughest-ever sanctions resolution on North Korea that calls for, among other things, the mandatory inspectio
North KoreaApril 1, 2016
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Japanese man indicted over hurling human feces at Korean consulate
Japanese prosecutors have indicted a Japanese man on charges of hurling a box containing human feces at the South Korean consulate general in Yokohoma, south of Tokyo, Kyodo News Service reported.Kyodo said the Yokohama District Public Prosecutors Office indicted the 23-year-old on Thursday for allegedly throwing the box into the parking area outside the building on Dec. 11, 2015, saying he had interfered with the duty of the consulate general's officials.A note on the box read, "This is revenge
Foreign AffairsApril 1, 2016
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Tax refund for foreigners receiving plastic surgery
Foreign patients who undergo plastic surgery in Korea will receive VAT refunds starting April 1, the Ministry of Health and Welfare said Thursday.The measure is being implemented for one year. (123RF)The procedures applicable for tax reimbursements include double eye-lid surgery, rhinoplasty, breasts augmentation or reduction surgery excluding reconstruction after mastectomy, liposuction, face lift, facial bone contouring, teeth bleaching, laminating and gingivoplasty and orthognathic surgery.
April 1, 2016