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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Arrests in Brussels, Paris as Kerry shows solidarity
Police questioned seven terror suspects in Belgium and France on Friday as US Secretary of State John Kerry declared "Je Suis Bruxellois" during a solidarity visit after bombings in Brussels claimed by the Islamic State group. Grieving Belgians were holding prayers in the rain in a central Brussels square carpeted with flowers and tributes to the 31 killed and 300 injured by the airport and metro suicide blasts on Tuesday. The under-fire Belgian police arrested six people in raids linked to
World NewsMarch 25, 2016
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KB, Korea Investment, HK fund submit final bid for Hyundai Securities
KB Financial Group and Korea Investment Holdings Co. have submitted a final bid for a controlling stake in Hyundai Securities as they seek expansion to compete with bigger foreign rivals, the deal's lead manager said Friday. Besides the two, Hong Kong's private equity fund Actis also participated in the competition to acquire a 22.56 percent stake in Hyundai Securities up for sale since last year by financially-troubled Hyundai Merchant Marine Co., according to EY Han Young accounting firm. T
March 25, 2016
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Asiana to pay $55 mln settlement in fuel price-fixing case
Asiana Airlines said Friday that it has agreed to pay a $55 million settlement in a fuel surcharge price-fixing case, ending a decade-long anti-trust class action lawsuit against South Korea's second-largest carrier. Asiana said in a regulatory filing that the U.S. District Court for the Eastern District of New York approved the settlement. The airline said it reached a deal with U.S. cargo companies to address increased costs and the burden of the defense of a protracted lawsuit, though it
IndustryMarch 25, 2016
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Detained U.S. citizen admits his crime of espionage: N. Korea
A U.S. citizen detained in North Korea confessed Friday to his crime of espionage in connection with South Korea's spy agency and asked for mercy, the North's state media said. Kim Dong-chul, a 62-year-old U.S. citizen, said at a press conference in Pyongyang that he has been serving as a spy for South Korea by secretly passing on intelligence on the North's party and military to Seoul, according to the Korean Central News Agency (KCNA). Kim was detained by the North after being arrested in O
North KoreaMarch 25, 2016
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[EYE] Migrants asset to Korean society, not burden
Early in the morning on Dec. 23, four Burmese families finally arrived at South Korea’s major airport, looking nervous yet excited. Amid warm welcome from government officials and U.N. agencies, they set foot for the first time in the country that they would now can call home.The 22 Burmese people, who had spent a decade at a refugee camp in Thailand, were the first batch of refugees relocated in Korea as part of the U.N.-led refugee resettlement program. Under its independent Refugee Act, Korea
Social AffairsMarch 25, 2016
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7 in 10 senior officials report rise in wealth in 2015
Government data showed Friday that close to 70 percent of high-ranking government officials and lawmakers saw their wealth grow from a year earlier, mainly due to hikes in their real estate assets. According to the report by the Government Public Ethics Committee, 74.6 percent of senior government officials reported an increase in their wealth in 2015. The average assets of those surveyed was 1.31 billion won ($1.12 million) last year, up 55 million won from 2014.Under the country’s public servi
Social AffairsMarch 25, 2016
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Saenuri manages compromise on nomination
The Saenuri Party’s leadership on Friday managed to reach a compromise on its nomination tug-of-war, by leaving controversial constituencies vacant in exchange for signing off on the remaining nominations of candidates with strong affiliation to President Park Geun-hye.The consensus came a day after ruling Saenuri Party chairman Rep. Kim Moo-sung refused to seal a total of five nominations for the April 13 general election, pushing the party into disarray with rival members contemplating bypassi
PoliticsMarch 25, 2016
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[Weekender] Korea plays catch-up in space race
From military to weather to asteroid mining, outer space’s seemingly infinite scientific and commercial potential has in recent years been enticing a growing roster of countries across the globe into exploring the boundless expanse. Despite being a latecomer to the bandwagon, South Korea is seeking to expand its forays, such as with a moon probe, capitalizing on its success -- following two failed attempts -- in lifting off its first Naro space rocket in January 2013 with the help of Russia. N
Foreign AffairsMarch 25, 2016
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[Weekender] Space films score big on Koreans’ curiosity, fantasy
Space has become a new theme powering ticket sales in Korean theaters of late, thanks to the growing interest in science as well as evolving visual technology.The past three years at the Korean box office have seen a string of successful Hollywood movies set in space. Alfonso Cuaron‘s “Gravity” set the spark in October 2013, followed by the blockbuster hit “Interstellar” by Christopher Nolan in November 2014, and “The Martian” and “Star Wars: The Force Awakens” just two months apart in late 2015
FilmMarch 25, 2016
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[Weekender] Aiming for the moon
SEOUL/DAEJEON -- Despite several early failures, Korean engineers and scientists are poised to leap into space, hoping to realize the country’s long-cherished goal of reaching the moon.Following a late start, Asia’s fourth-largest economy went through many challenges to develop its own launch vehicle, which is key to the nation’s space project.The efforts have paid off as Korea is now on the threshold of a new era in space technology, with its first lunar exploration planned for 2020. It is a ma
IndustryMarch 25, 2016
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‘N.K. threats are more about message than violence’
Inter-Korea tensions rose another notch Friday after Pyongyang’s leader Kim Jong-un called on his military to be ready for a strike against Seoul’s leadership, a day after the South’s President Park Geun-hye ordered nationwide vigilance.North Korea has been stepping up threats and simultaneously boasting its capacity for ballistic missile attacks. The bellicose rhetoric is nothing new, particularly amid U.N.-led sanctions and the annual Seoul-Washington military drills, but local observers say t
North KoreaMarch 25, 2016
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Korea issues travel warning for part of Laos
South Korea on Friday issued a travel warning for a region of Laos that has recently seen a series of road shootings.Under the new warning, South Koreans are advised to exercise caution when traveling on Road 13 that stretches from Kasi to Phou Khoun and in the province of Xaisomboun in northern Laos, the Foreign Ministry said in a press release.The warning, the lowest of a four-tier system, is in response to several shootings of moving cars.The ministry said it has alerted South Koreans in Laos
InternationalMarch 25, 2016
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Korea‘s top military commander checks frontline combat readiness
South Korea's top military commander checked the combat readiness of frontline troops on Friday as inter-Korean tensions have flared up in the face of North Korea's continuing provocations.Joint Chiefs of Staff Chairman Gen. Lee Sun-jin visited the VIII Corps and Navy 1st Fleet earlier in the day to look into their military preparedness, the military said. The Army corps is in charge of guarding the eastern part of the heavily militarized border while the Navy fleet defends the East Sea area. "N
DefenseMarch 25, 2016
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Korean shares edge down on U.S. woes
Korean stocks closed lower Friday as poorer-than-anticipated economic data from the United States and a possible U.S. rate hike down the road continued to weigh on local investors. The local currency lost ground against the U.S. dollar for a third consecutive session.The benchmark Korea Composite Stock Price Index (KOSPI) retreated 2.16 points, or 0.11 percent, to close at 1,983.81. Trade volume was moderate at 457.3 million shares, with losers beating winners 425 to 370.Local shares opened a ta
March 25, 2016
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[Editorial] Carbonless Gapado
Daejeong-eup on Jejudo Island might not be familiar to most in Korea, though the district, part of Seogwipo City, has already embarked on building its reputation as an emerging mecca for education by native English speakers. However, apart from a group of renowned international schools in Daejeong, the southwestern town of Jejudo Island is drawing wide interest among global environmentalists for its green energy-oriented islet Gapado Island.The islet is the pilot model for the “Carbon Free Islan
EditorialMarch 25, 2016
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Doosan eyes turnaround with new chief
Shareholders of Doosan Corp., the holding company of Doosan Group, approved the directorship of its chairman Park Jeong-won in their annual meeting on Friday. He has been given the mission of a business turnaround. “Despite the continued downturn of the global economy, the management is confident of a turnaround this year, boosted by expected growth in new business areas such as fuel cell and duty-free shop operations,” Doosan Corp. vice chairman Lee Jae-kyung said at the shareholders meeting. S
BusinessMarch 25, 2016
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[Editorial] Oil and dollar
Recent volatility in the Korean won appears to be confusing a variety of parties such as currency dealers, exporters, importers and capital market investors. Korea’s central bank is also presumed to have been troubled by the unforeseeable situation.So far this year, the local currency has had a broader amplitude between strong and weak positons in a short period, being swayed by a tug-of-war between international crude oil prices and the U.S. dollar.Uncertainty seems to nearly be maximized about
EditorialMarch 25, 2016
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Quarter of bankrupt people in Korea over 60s
About a quarter of the people filing for bankruptcy in South Korea are the age of 60 or over, court data showed Friday.The Seoul Central District Court said among 1,727 people who declared bankruptcy in January and February of this year, 428 were in their 60s or above, accounting for 24.8 percent of the total.Though the figure is lower than those in their 50s and 40s, which account for 37.2 and 28.2 percents of the total, respectively, the number is clearly on the rise, according to the court."W
Social AffairsMarch 25, 2016
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[David Ignatius] Europe, U.S. should fix woes together
“We have the Europe we deserve,” admitted French Prime Minister Manuel Valls on Wednesday. The question is how Europeans can build the security structures they need. The first requirement is solidarity, within each country and among the 28 nations of the European Union. This begins with better links with the Muslim communities, the angry, alienated people at Europe‘s table. Yes, Europe needs to be more welcoming, but that’s only half of it. Muslims need to embrace the obligations of European res
ViewpointsMarch 25, 2016
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Per capita income sees first drop in six years
South Korea posted the first on-year drop in per capita income last year largely due to the weakening of the Korean won against the greenback, which dragged the dollar-converted value of national income, the central bank said Friday. According to the Bank of Korea on Friday, Asia’s fourth-largest economy expanded 2.6 percent in 2015 from the previous year, the slowest pace since 2012. (The Korea Herald)Last year, the nation’s per capita gross national income fell 2.6 percent to $27,340 from $28
March 25, 2016