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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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Korea, China, Japan vow to address yellow dust and climate change
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Minjoo chief decides to stay
The interim chief of the main opposition party said Wednesday that he has decided to stay in his party and work on winning next month’s general election, three days after he boycotted main party meetings over a nomination feud. Minjoo chief Kim Chong-in (Yonhap)“After much thought, I decided to stay,” Kim Chong-in, interim chair of The Minjoo Party of Korea, said at a press conference. He also apologized to the public for the latest flare-up.Kim had threatened to leave the party after his self-n
PoliticsMarch 23, 2016
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Thailand calls for Korea's participation in infrastructure projects
The Thai prime minister has expressed hope that South Korean investors will participate in massive infrastructure projects in Southeast Asia's second-largest economy as he vowed to make efforts to address their concerns, South Korea's presidential office said Tuesday.Thai Prime Minister Prayuth Chan-ocha made the comments in a message conveyed to South Korean President Park Geun-hye through Deputy Prime Minister Somkid Jatusripitak, Cheong Wa Dae said.Thai Prime Minister Prayuth Chan-ocha (Bloom
BusinessMarch 23, 2016
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NH Investment partners with Yozma for start-ups
NH Investment & Securities will join hands with Yozma Group, Israel’s venture capital fund, to support Korea-based start-ups with their global ventures, according to the securities company Wednesday.Their partnership will include NH providing financial consulting and investment banking services to start-ups operating at the Yozma Campus in Pangyo, Gyeonggi Province.Yozma recently opened its campus in the region. The VC group is well known for investing in start-ups with technologies and applicat
March 23, 2016
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Korea's terms of trade improve in Febuary on falling import prices
South Korea's terms of trade improved from a year earlier in February as import prices dropped at a faster clip than export prices, central bank data showed Wednesday.The terms of trade index for products came to 103.54 last month, up 3.4 percent from the same month last year, according to preliminary data from the Bank of Korea (BOK).The February reading also marks a 2.4 percent increase from a revised 101.12 in the previous month.The index measures the amount of imports a country can buy for e
BusinessMarch 23, 2016
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[Photo News] SKT offers free mobile data for tourists
SKT OFFERS FREE MOBILE DATA FOR TOURISTS -- SK Telecom said Wednesday it would start a marketing campaign in which it provides up to 5-gigabyte mobile data for foreign tourists every week. The program, which will be run together with Samsung Electronics and Korean Tourism Organization, picks 250 tourists every week. For more information visit the website of the program: emk.visitkorea.or.kr (SKT)
TechnologyMarch 23, 2016
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[Photo News] LG releases ultrawide sinage display
LG RELEASES ULTRAWIDE SINAGE DISPLAY -- A model poses with LG Electronics’ 86-inch digital signage display with a 58:9 aspect ratio in Seoul on Wednesday. (LGE)
TechnologyMarch 23, 2016
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Fiscal spending, tax increase touted as ways to prop up Korean economy
Economic policymakers here have lately dismissed concern over the country’s slowing economy, calling such worries overblown.In the latest rebuff, Finance Minister Yoo Il-ho claimed this week that some skeptics had wrongly interpreted indicators to paint a gloomy picture of the Korean economy, which he said had made remarkable progress.At a meeting of economy-related ministers, he recalled that Korea last year achieved its highest-ever sovereign credit rating and recorded the third-fastest growth
March 23, 2016
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[Market Now] Hyundai Development’s Young Chang borrows W4.5b from affiliate
HDC Young Chang Music, a privately held piano maker of Hyundai Development Company, reported in its disclosure on Wednesday that it has borrowed 4.5 billion won from its affiliate HDC I & Cons. (HDC Young Chang Music)The inter-affiliate loan’s maturity period is March 23, 2018 with an annual interest rate of 3.7 percent, the piano maker said. Young Chang said this loan was the extension of its previous borrowing from HDC I & Cons, a real estate development company.Hyundai Development Company, a
March 23, 2016
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Data shows rapid pace of aging in Korea
South Korea is on the threshold of becoming an aged society, with the share of senior citizens aged 65 or older in the nation's population topping 13 percent last year, data showed Wednesday.According to the data by Statistics Korea, 13.1 percent of South Korea's 50.62 million population were 65 or older in 2015, which is slightly higher than the 12.7 percent tallied a year earlier and much higher than the 3.8 percent in 1980.Generally, a nation is defined as an "aged society," if more than 14 p
Social AffairsMarch 23, 2016
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Defense chiefs of Korea, Indonesia to hold talks
The defense ministers of South Korea and Indonesia will hold talks on Wednesday to discuss ways to enhance cooperation in Seoul's project to develop an indigenous fighter jet and other bilateral defense issues, the Ministry of National Defense said.Defense Minister Han Min-koo and his Indonesian counterpart, Ryamizard Ryacudu, will meet in the ministry's compound in central Seoul for the talks, which officials here say will focus on strengthening bilateral defense ties.Topping the agenda is ensu
DefenseMarch 23, 2016
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Russian envoy meets with Seoul official amid suspension of logistics project
Russia's envoy to South Korea met with a ranking Seoul government official on Wednesday to discuss situations on the divided peninsula following North Korea's nuclear and missile provocations, officials said.The talks between Amb. Alexander Timonin and Vice Unification Minister Hwang Boo-gi came amid Seoul's decision to suspend a trilateral logistics project involving the two Koreas and Russia.The so-called Rajin-Khasan logistics project calls for the shipment of Russian coal into South Korea th
InternationalMarch 23, 2016
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Metal cubes, N. Korea handcraft highlight Hong Kong art show
HONG KONG (AP) -- Gold-plated metal cubes, tapestries embroidered by unknown North Korean artisans and bales of cardboard waste are among the highlights of the Art Basel Hong Kong fair kicking off this week. The latest edition of the global art fair threw open its doors to media and VIP collectors Tuesday in the southern Chinese city, which has become Asia's main art trading hub. Some 239 galleries from 35 countries and territories are exhibiting works at the show, which opens to the public for
PerformanceMarch 23, 2016
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China's Xi to attend Nuclear Security Summit in Washington
Chinese President Xi Jinping will visit Washington later this month to attend the Nuclear Security Summit, China's foreign ministry said Wednesday. The summit, set for March 31 to April 1, is aimed at discussing ways to reduce the stockpile of highly enriched uranium and weapons-grade plutonium, to keep it out of the hands of terrorists and to ensure atomic safety.South Korean President Park Geun-hye will also attend the summit.North Korea's defiant pursuit of nuclear weapons is likely to become
InternationalMarch 23, 2016
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Korea to toughen monitoring on Zika virus
South Korea will improve its monitoring infrastructure on the Zika virus as the country has confirmed its first case, the government said Wednesday.The government and the ruling Saneuri Party agreed during an emergency meeting to strengthen the monitoring of passengers returning from Zika outbreak countries and share related information between health authorities.On Monday, the Ministry of Health and Welfare announced the country's first Zika virus case. A 43-year-old man tested positive for the
Social AffairsMarch 23, 2016
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Itching to graffiti? Do it digitally on Florence treasures
FLORENCE, Italy (AFP) - The days of scribbling “I woz here” on Florence’s historic monuments are gone: would-be vandals will now be able to graffiti via app instead, with their messages kept for posterity. “Welcome to Giotto’s Campanile!” reads a message on a digital tablet for visitors scaling the Gothic white, green and pink marble tower by the famed Italian architect, which stands at one corner of the Cathedral in the Tuscan city. “We have been protecting masterpieces for centuries: starting
CultureMarch 23, 2016
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Installation artist weaves together strands of disconnected lives
A strand of threads have always been the fountain of inspiration for installation artist Lee Eun-sook. For the 59-year-old, a thread is a vital means to restore and connect severed relations, not just of war-torn families but also of estranged family members.Through her recent exhibition, "Thread and Light -- The Beginning of Relationship," she tries to shed a light on modern-day division and disconnection, and to instill a ray of hope for restoration."There are many discords and a sense of sepa
PerformanceMarch 23, 2016
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Carey, 50 Cent, Minaj part of TV‘s new music partnerships
LOS ANGELES (AP) -- The love affair between television and music stars is getting personal. A top artist like Gwen Stefani hired as a singing contest judge for "The Voice"? Old hat. Live TV musicals boasting casts that include Carrie Underwood ("The Sound of Music") and Queen Latifah ("The Wiz")? With more Broadway-to-TV broadcasts ahead, they're becoming routine. But a flurry of announcements is signaling a new direction for some of music’s big names, who are driving projects they want to see
TelevisionMarch 23, 2016
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[Market Now] SM Group nearing deal to buy part of SPP Shipbuilding
Samla Midas Group, or SM Group, is nearing a deal to take over one of the three dockyards of SPP Shipbuilding, as it has reached an agreement with the ailing shipbuilder’s creditor banks to clear a key hurdle in the acquisition, local news reports said Wednesday.SM Group, which owns shipper Korea Line Corp., had been selected early this year as the preferred bidder for SPP’s yard in Sacheon, South Gyeongsang Province, but SPP’s creditor banks, led by Woori Bank, refused to issue refund guarantee
March 23, 2016
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French writers’ existential woe as their incomes dive
PARIS (AFP) -- It is nothing short of an existential crisis, as crippling as the ones that had Left Bank intellectuals like Albert Camus or Jean-Paul Sartre staring gloomily into their coffee. French writers have never felt more badly paid, undervalued or under pressure, with a new survey showing more than half of established authors earn less than the minimum wage. Many are so depressed by the state of the book industry that they are considering giving up altogether, according to a new report.
BooksMarch 23, 2016
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Mirae Asset decides not to bid for Hyundai Securities: report
Mirae Asset Financial Group will not make a bid for Hyundai Securities, the fourth-largest brokerage with 3.2 trillion won in assets, a local report said Wednesday. Mirae Asset decided to turn down a proposal from LK Investment Partners to join forces to acquire the 22.56 percent stake in Hyundai Securities, the Korea Economic Daily reported, citing an unidentified source at Mirae Asset. LK is among the six suitors for Hyundai Securities shares, being sold by Hyundai Group. The group is to open
March 23, 2016