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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Actor Jin Goo gets boost with 'Descendants of the Sun'
The TV sensation "Descendants of the Sun" was a jackpot for the otherwise less known actor Jin Goo.He made his acting debut with the SBS hit drama "All In," starring Lee Byung-hun and Song Hye-kyo, in 2003, receiving wide media attention for his superb childhood role of Lee's character.But the media splash didn't last long. His presence has been weak during his 14-year acting career."I admit that I'm really elated because this is my first time to receive such a hot response. It's like I'm gettin
TelevisionMarch 22, 2016
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Samsung Lions welcome brand spanking new ballpark
The Samsung Lions have moved from the oldest baseball stadium in the country to the newest.The Lions hosted the LG Twins at Daegu Samsung Lions Park in Daegu, 300 kilometers southeast of Seoul, in the Korea Baseball Organization (KBO) preseason game Tuesday, the first official contest in the brand new, 24,000-seat venue.They'd been playing at the 10,000-seat Daegu Citizen Baseball Stadium since the KBO's inception in 1982. The stadium itself opened in 1948 and was renovated in 1981 before the la
BaseballMarch 22, 2016
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ICAO sends warning letter to N. Korea over missile launches
A U.N. aviation organization has sent a letter to North Korea to warn the communist regime over its recent ballistic missile launches that were conducted without prior notice, a Seoul government source said Tuesday."(I) understand the International Civil Aviation Organization(ICAO) has sent a warning letter to the North under the name of its council chairman," the source said, declining to be named.The letter appears to be intended to highlight that under the Convention on International Aviation
North KoreaMarch 22, 2016
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Korea urged to curb household debt
The foreign financial community urged the country’s regulators Tuesday to keep rising household debt in check as it could hinder growth and efforts for structural reforms, amid numerous challenges faced by the Korean economy this year.As Korea is Asia’s fourth-largest economy and has achieved resilient growth over the years, the country’s “debt is manageable,” said Philippe Noirot, country head of BNP Paribas Korea, at the 8th FSS SPEAKS hosted by the Financial Supervisory Service in Seoul.But i
March 22, 2016
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Moody‘s keeps stable outlook for Korea’s non-financial firms
U.S. credit rating agency Moody’s said Tuesday that credit outlooks for Korea’s nonfinancial corporations are stable and are likely to remain so for this year due to their austerity efforts and steady earnings. But it warned that a further slowdown in the Chinese economy could have a major impact on Korean exporters. "Most rated companies are leaders in their respective markets and have stronger than average financial profiles, enabling them to cope better with external challenges,” Moody’s as
March 22, 2016
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Samsung pushes quantum dot TVs to restore profits
Samsung Electronics, the world’s largest TV maker, said Tuesday it plans to launch a total of 14 SUHD TV models this year, renewing its commitment to liquid-crystal display in the premium TV market. Amid fierce competition with Chinese rivals, Samsung has poured resources to produce more lucrative high-end TVs, including the latest ones that use quantum dot technology. Samsung Electronics president and TV chief Kim Hyun-seok poses with the company’s latest quantum dot TVs at a launch event in S
TechnologyMarch 22, 2016
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Doosan to open bids for DST sale this week
Doosan Corp. is expected to open bids for its defense subsidiary Doosan DST on March 25, according to news reports. Doosan DST's armored vehicle (Doosan DST)Doosan, which owns a 51 percent stake in DST through its special purpose company, DIP Holdings, has been seeking to sell the armored vehicle manufacturer since late last year, as it has been realigning its core business to improve the group’s finances amid a liquidity crunch. Credit Suisse is managing the sale of DST. Doosan’s private equity
March 22, 2016
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Job insecurity, depression common among single parents
South Korean single parents are vulnerable to depression and job insecurity, and their young children are often left by themselves after school, a government study showed Tuesday. The study, which surveyed a total of 2,552 single-parent households nationwide last year, revealed that 27 percent of the parents said they have no meaningful social support network at all -- not a single person they can speak or rely on -- when they face financial difficulties. (123rf)More than 65 percent of the house
Social AffairsMarch 22, 2016
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Drastic deregulation remains elusive
A noticeable part of the 2016 economic policy directions announced by the government in December was the planned establishment of regulation-free zones across the country. Under the scheme, 14 metropolises and provinces were to rezone areas devoted to developing 27 strategic industries that fit their specific conditions.Among the selected industries were drones, self-driving cars, the Internet of Things and other segments, which are expected to serve as new growth engines for the Korean economy,
March 22, 2016
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Finance minister calls for completion of fiscal frontloading for Q1
South Korea's finance minister on Tuesday called for making all-out efforts to achieve its plan to pour out nearly half of its annual budget in the first quarter in order to pump-prime an economy struggling with faltering exports.The government earlier said it will spend 144 trillion won ($116.6 billion) out of the 330.6 trillion won budget for 2016 in the first three months of the year, as key economic data showed that the country is facing some tough challenges, including a sharp downturn in o
March 22, 2016
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Chinese booked in hit-and-run case
(Yonhap)A Chinese was detained for allegedly running away after crashing into a taxi and injuring a Korean man in Seoul, police said Tuesday. The 30-year-old Chinese man, identified only by his surname Ryu, drove a car under the influence of alcohol and hit a taxi parked in front of the police box in Itaewon at around 5 a.m. on March 13. The crash left a 40-year-old Korean man, surnamed Shim, injured. He is not in critical condition, police said. The Chinese, who came to Korea for a short visit,
Social AffairsMarch 22, 2016
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Oil above $41 as OPEC predicts 'moderate' rebound
SINGAPORE (AFP) - Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.At around 0400 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May, a new contract, was five cents down at $41.47. Brent for May dropped seven cents to $41.47. The Organization of the Petroleum Exporting Countries secretary-general Abdalla El-Badri said in Vienna on Monday that about 15 or 16 nation
World BusinessMarch 22, 2016
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Theaters to screen “Dong-ju” with English subtitles
Selected theaters around the country will screen “Dong-ju: The Portrait of a Poet” with English-language subtitles, starting Thursday. The subtitled film will be shown at 12 theaters. In Seoul, it will be shown at Yeongdeungpo Lotte Cinema; Megabox cinemas in Coex, Central, Sinchon and Dongdaemun; and CGV cinemas Yeouido, Yongsan and Sinchon. Elsewhere around the country, it will be shown at CGV Cinema Centum City in Busan and Megabox theaters in Busan, Suwon and Ilsan. Directed by Lee Joon-ik,
FilmMarch 22, 2016
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FTC to keep close tabs on illegal intra-affiliate transactions
South Korea‘s corporate watchdog will take strict action against intra-affiliate transaction practices by large business groups as part of its efforts to root out illegal business deals arranged by conglomerate-controlling families, its chief said Tuesday.Local business groups, or chaebol in Korean, have been criticized for helping their owning families increase personal profits by funneling orders and contracts to subsidiaries owned by other family members or relatives. Since the antitrust law
March 22, 2016
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Deoksu Palace throne halls to open to public next week
A special program to allow the general public to see the interior of four throne halls of Deoksu Palace in central Seoul will kick off from March 29 through April 3, the Cultural Heritage Administration said Tuesday. One of Seoul’s five grand palaces built during the Joseon Dynasty (1392-1910), Deoksugung, meaning “Palace of Virtuous Longevity,” became a palace in 1593 when King Seonjo moved in after all of Seoul’s other palaces were destroyed during the Japanese invasion. Visitors taking part
CultureMarch 22, 2016
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‘Mockingbird’ tickets selling quickly after author’s death
MONROEVILLE, Alabama (AP) -- The death of “To Kill a Mockingbird” author Harper Lee hasn’t hurt ticket sales for a dramatic version of her novel staged each year in her Alabama hometown. A statement issued by play organizers Monday says only a few hundred tickets remain for the 16 performances, which begin next month in Monroeville. This is the first year the play will be produced by a nonprofit organization formed last year in Lee’s name. The production was previously overseen by a museum locat
CultureMarch 22, 2016
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Hanwha Life enhances security to better protect personal information
Hanwha Life Insurance said it has strengthened its information security system to better protect personal information of its customers.The nation’s second-largest insurer said it has built a separate information storage system to keep its customers’ information for longer than five years when necessary. Hanwha building in SeoulUnder the current law, a financial firm is obliged to delete all personal information of a customer within five years from the time the firm’s contract with the customer e
March 22, 2016
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K.Will to play Quasimodo in musical
Singer K.Will, whose real name is Kim Hyung-soo, will play the hunchback Quasimodo in an upcoming Korean rendition of the musical “Notre-Dame de Paris,” his label Starship Entertainment said Tuesday. “Notre-Dame de Paris” will premiere here in June at Blue Square Samsung Electronics Hall in Hannam-dong, Seoul. “I’m very honored to be cast as Quasimodo. I will try my best to showcase a good performance,” said Kim, who is making his musical theater debut with the upcoming production. K.Will (St
PerformanceMarch 22, 2016
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N. Korean diplomat pays huge compensation after killing 3 in China car accident
A North Korean diplomat paid a total of 1.5 million yuan ($230,942) in damages to the families of three Chinese victims who he killed in a drunk driving accident last month, a source in the Chinese border city of Dandong said Tuesday. The accident took place on Feb. 7 in Dandong. The North Korean consular official killed the three Chinese people while driving drunk, although the exact circumstances of the accident were not immediately known. At the time of the accident, the North Korean diplomat
North KoreaMarch 22, 2016
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Kim Jong-un inspects naval ship repair yard
North Korean leader Kim Jong-un has conducted a field inspection of a naval ship repair yard, the North's official news agency reported Tuesday.Kim's visit to the October 3 Factory under the Korean People's Army (KPA) Navy Unit 597 came as the country is under increasing pressure after the U.N. Security Council's recent sanctions for its nuclear test and rocket launch.According to the Korean Central News Agency (KCNA), the North Korean leader lauded the repair facility for providing a solid tech
North KoreaMarch 22, 2016