Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Suicide attempts spike among youth in Korea
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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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[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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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Korea, China, Japan vow to address yellow dust and climate change
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Spouses' employment status affects South Korean women's mental health
South Korean women were found to be emotionally dependent on the employment status of their spouses, with more women likely to suffer from depression when their partners retire, a study showed Monday.The results were also connected to the low employment rate of women in South Korea, with only 55.7 percent of women aged 15-65 in the workforce. This is lower than the average of the Organization for Economic Cooperation and Development countries.123rfThe study on depression researched a total of 5,
Social AffairsMarch 28, 2016
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South Korea's foreign worker policy founders
Foreign workers in South Korea are concentrated in labor-intensive industries despite growing calls for a “comprehensive” immigration policy to encourage more skilled workers from abroad, according to a recent report. The study by Hyundai Research Institute, commissioned by the Justice Ministry, suggested that the government fix its immigration system that is heavily focused on low-skilled workers and more effectively make use of foreign workers on a long-term basis in the wake of aging populati
Social AffairsMarch 28, 2016
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Spurned lover takes ex's new man hostage
A Korean man in his 20s took his ex-girlfriend’s new boyfriend hostage for five hours while brandishing a knife, before giving in to the police on Monday.Incheon Namdong Police Station said the perpetrator, whose identity has been withheld, waited for his former girlfriend in front of her studio apartment in Ganseok-dong, Namdong-gu, from as early as 8 a.m. (YouTube Capture)When the woman saw the man who had been waiting in front of her door, she pushed past him and ran next door for shelter. Co
Social AffairsMarch 28, 2016
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With Me stores roll out 500-won coffee
With Me, Shinsegae Group‘s convenience store chain, has rolled out a new line of coffee priced at 500 won (43 cents) per cup, the cheapest takeout coffee ever, the company said Monday.Labeled “Take 1,” the line is the latest development in the fierce competition over low-cost takeout coffee among convenience store chains in Korea. Convenience store coffee (Yonhap)The three major convenience store chains in Korea -- CU, GS25 and 7-Eleven -- all offer takeout coffee priced between 1,000 and 1,200
IndustryMarch 28, 2016
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Korean shares edge down amid uncertainty over Fed policy
Korean stocks closed slightly lower Monday as investors took to the sidelines ahead of the Fed chair's speech that could provide clues to the U.S. central bank's monetary policy, analysts said. The local currency gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 1.27 points, or 0.06 percent, to close at 1,982.54. Trade volume was moderate at 405.98 million shares, with losers beating winners 479 to 330.The market opened higher, but the gains were
March 28, 2016
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Hyundai Motor promotes investment roadmap to U.S. lawmakers
Hyundai Motor Group chairman Chung Mong-koo and other high-ranking officials presented the firm’s investment and research & development roadmaps for future mobility to a visiting U.S. congressional delegation, the Korean automotive giant said in a statement Monday. The five-member delegation led by Sen. Deb Fischer visited the Namyang R&D Center of Hyundai Motor Group, the heart of the Korean auto giant’s new car design and development. Other members included Sen.Thad Cochran, Sen. John Barrasso
MobilityMarch 28, 2016
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Chairman’s leadership behind Hyosung’s record earnings
Hyosung Group chairman Cho Suck-rae’s leadership and vision helped the spandex-maker garner record earnings last year, company officials said Monday. “Hyosung’s spandex business, which generated more than 40 percent of total operating profits last year, is the outcome of chairman Cho’s strong tenacity in developing the synthetic fiber,” a company official said. Hyosung’s researchers conduct an experiment on polyketone material. (Hyosung)He recalled that Hyosung had to struggle for seven years an
IndustryMarch 28, 2016
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Eximbank, Innovation Center to support start-ups
The Export-Import Bank of Korea and the Center for Creative Economy and Innovation in Seoul have joined forces to support start-ups to become global exporters in the fields of cosmetics, biotechnology, fashion and food.The state-run export financing bank said in a press statement Monday that it would provide financial consulting to Korean start-ups developing their businesses in those fields. The innovation center will do its part, and help and recommend start-ups to the Korea Eximbank for finan
March 28, 2016
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Sony Korea offers filming class for young students
Sony Korea on Saturday held a filming class for young students as part of its ongoing social responsibility activities here. The Korean unit of the Japanese tech giant has carried out diverse science education programs under the name of “Sony Korea Eco Science School.”This year’s program, the 10th of its kind, taught basic filming skills for young students to create their own video contents using Sony’s broadcast cameras. A group of 20 students from underprivileged families in Incheon were invit
TechnologyMarch 28, 2016
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Single largest group of Chinese tourists visits Incheon and Seoul
The single largest group of Chinese tourists to ever come by plane are on a tour of Incheon on Monday driven by the Asia-wide boom of Korean pop culture.Approximately 6,000 Chinese tourists -- all employees of Aolan International Beauty Group, a cosmetics and health supplements company based in the south China province of Guangzhou -- will make a week-long trip to Incheon and Seoul until Saturday to visit various tourist attractions in those cities, according to organizers of the tour.Included i
Social AffairsMarch 28, 2016
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144 business groups to join Park's tour of Mexico
Representatives from 144 South Korean firms and business entities will accompany President Park Geun-hye on her upcoming trip to Mexico, the government said Monday.The Ministry of Trade, Industry and Energy announced the list, which includes the heads of Samsung Electronics Co. and Korean Air Lines Co.It also contains Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, and Huh Chang-soo, leader of the Federation of Korean Industries.Park is scheduled to visit Mexico from Apri
PoliticsMarch 28, 2016
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Seoul‘s defense chief calls for strong response to Pyongyang provocation
Defense Minister Han Min-koo called on a counter-artillery unit to "retaliate powerfully" against any North Korean provocations during a troop visit Monday.The trip to the multiple launch rocket system unit came as North Korea stepped up its artillery threats on Seoul. North Korea said last week it has conducted the final test-fire of a large-caliber MLRS that is ready for combat deployment.The imminent deployment of the multiple 300-millimeter caliber rocket launching system reportedly places h
DefenseMarch 28, 2016
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Korea to expand fund for African cooperation by $600 mln
South Korea will inject a fresh $600 million into its overseas cooperation fund by 2018 to help African countries launch massive infrastructure-building projects, the finance ministry said Monday.In a Seoul meeting with Akinwumi Adesina, president of the African Development Bank, Finance Minister Yoo Il-ho discussed ways to enhance cooperation between South Korea and the African continent, according to the Ministry of Strategy and Finance.Yoo said South Korea is ready to share its experience and
Social AffairsMarch 28, 2016
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Stars return after ‘repentance’
Hip-hop musician and entertainer Gill appeared on a March 19 episode of MBC variety show “Infinite Challenge,” breaking a two-year hiatus prompted by a drunk driving incident. Gill, who became a member of “Infinite Challenge” in 2009, left the program in April 2014 after he was caught driving under the influence. His brief appearance on “Infinite Challenge” on March 19 showed him as one of the judges on Mnet’s hip-hop competition “Show Me the Money” season five, which is set to air in May. Gill
TelevisionMarch 28, 2016
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Seoul building up counter-artillery system against Pyongyang‘s multiple rocket launchers
South Korea is building up a comprehensive counter-artillery system to guard against growing threats posed by North Korea's multiple rocket launchers, the defense ministry said Monday.North Korea said last week it has conducted the final test-fire of a large-caliber multiple rocket launching system that is ready for combat deployment.The imminent deployment of the multiple 300-millimeter caliber rocket launching system reportedly places half of the South Korean territory within its range."Agains
DefenseMarch 28, 2016
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Gov't to beef up corporate supervision over demeaning treatment of employees
South Korea will strengthen work environment monitoring amid a series of scandals over local firms' demeaning treatment of their employees, the labor minister said Monday."If companies debased their employees, such practices must be corrected," Labor Minister Lee Ki-kweon told reporters, referring to recent news reports on local firms' misconduct. Doosan Corporation Mottrol, a hydraulic components manufacturer affiliated with Doosan Group, has been at the center of controversy because its manage
Social AffairsMarch 28, 2016
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[Market Now] Will Franklin Templeton exit monetary stabilization bonds?
To hold or not to hold Korea’s monetary stabilization bonds? -- this will be the question the local capital market will be asking foreign asset manager Franklin Templeton Investments this week.Korea’s MSBs worth 1 trillion won ($860 million) held by Franklin Templeton will mature on April 2, and it remains to be seen whether the asset manager will roll over, or redeem and exit its investment. The Bank of Korea issues MSBs to control market liquidity as part of its open market operations.Citing p
March 28, 2016
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K-pop music producer denies prostitution broker rumors
K-pop music producer Shinsadong Tiger has spoken out against rumors alleging he has been brokering prostitution deals between female celebrities and male clients. “I have never been investigated regarding the recently circulating rumors and have never even been contacted by prosecutors or police,” said Shinsadong Tiger, whose real name is Lee Ho-yang, in a post on Instagram on Sunday. Shinsandong Tiger is known for writing hits like T-ara’s “Bo Peep Bo Peep” and APink’s “NoNoNo.” He is also the
PerformanceMarch 28, 2016
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Se7en teams up with major Japanese label
Singer Se7en has signed on with a major Japanese record label and is set to release a new album in July, three years after his last Japanese single “Arigato.” The rhythm and blues singer announced that he has partnered with Victor Entertainment at a press conference held in Japan on Sunday, according to Eleven9 Entertainment, the singer’s Korean management agency, on Monday. Singer Se7en (Eleven9 Entertainment) The deal makes Se7en the first Korean artist to sign up with the Japanese label, whic
PerformanceMarch 28, 2016
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LG Signature raises bar for premium appliances
LG Electronics on Monday launched its ultra-luxury appliance brand, LG Signature, in Korea before its planned debut in the U.S. and Europe. Combining the best design and functions, the Korean tech giant showed confidence in raising the standards in the soaring premium home appliance market. (From left) LG Electronics’ home appliance chief Cho Seong-jin, TV chief Kwon Bong-suk, domestic sales chief Cho Sang-kyu and chief technology officer Ahn Seong-kwon pose with the company’s LG Signature line
TechnologyMarch 28, 2016