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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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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Immigration policy must go beyond labor supply: experts
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Japanese textbooks intensify Dokdo claim
The Japanese government on Friday approved a set of updated high school textbooks containing strengthened claims to Korea’s easternmost islets of Dokdo, casting a fresh cloud over Seoul’s efforts to put bilateral ties back on track. Seoul lodged a protest, calling the long-festering assertion “unjust” and urging Tokyo to correct its erroneous historical view and provide fact-based education. Hideo Suzuki, a minister at the Japanese Embassy, was called in by Chung Byung-won, director general for
Foreign AffairsMarch 18, 2016
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Park calls on police to thwart any terrorist attempts
President Park Geun-hye called on the police Friday to thwart any possible terrorist attempts by North Korea amid rising tension on the Korean Peninsula.South Korea believes that North Korean leader Kim Jong-un has ordered officials to concentrate on building capabilities for terror attacks and cyberattacks against the South.Tensions have spiked on the peninsula over North Korea's fourth nuclear test on Jan. 6 and long-range rocket launch on Feb. 7."I hope that the police will deal effectively w
Social AffairsMarch 18, 2016
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N.K. fires two ballistic missiles, one explodes in midair
North Korea launched two ballistic missiles into the East Sea on Friday, Seoul’s military officials said, marking another round of provocations amid the ongoing South Korea-U.S. military drills and their accelerating sanctions push. One medium-range missile, presumed to be a Rodong, took off at around 5:55 a.m. from the western county of Sukchon and flew some 800 kilometers before hitting the waters within Japan’s Air Defense Identification Zone, the Joint Chiefs of Staff here said. But another
North KoreaMarch 18, 2016
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Eugene ups stake in takeover target Tong Yang
Eugene Corp., the country’s largest ready-mix concrete-maker, raised its stake in its takeover target Tong Yang to more than 10 percent, making it the company’s largest shareholder, local reports said Friday. Eugene upped its stake by 0.7 percentage point to 10.01 through the acquisition of a 0.6 percentage point stake from Aju Group and open market purchases. The move comes only a few days after Eugene publicly declared its intention to secure control of the smaller ready-mix rival. Shares in T
March 18, 2016
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State launches probe into 19 missing children
The South Korean government said Friday it had launched a probe into the safety of 19 children who have not been registered for school this year with their whereabouts unknown.Since earlier this year, the government has surveyed the enrollment status of schoolchildren who were supposed to enter elementary and middle schools this year nationwide, as part of its fortified measures against child abuse. A survey of long-term absentee students is separately underway. Of nearly 7,600 children who wer
Social AffairsMarch 18, 2016
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Universality and marketability matter for Korean books to work in foreign market: agent
Good quality translation on top of universal appeal are the requisite elements needed for a Korean book to succeed overseas, said a Korean book agent on Thursday."Quantity doesn't really matter. The bottom line is it should be in good quality to help a foreign reader's understanding of Korean literature," said Im Young-hee at French publishing company Philippe Picquer, in an interview with Yonhap News Agency on the sideline of the Paris Book Fair. South Korea is the guest of honor to mark the 13
BooksMarch 18, 2016
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Gov't to expand youth internship program
The government will create 50,000 new internship positions annually for young adults as part of its package of measures to boost youth employment, Prime Minister Hwang Kyo-ahn said Friday."The government will increase the number of beneficiaries (of the youth internship program) from the current 35,000 to 50,000 starting this year," Hwang said during his visit to a local factory in Gwangju, a small city on the outskirts of Seoul.The program gives unemployed youths between 15 and 34 years of age
Social AffairsMarch 18, 2016
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Rival parties' approval ratings mixed
The ruling party's approval rating has edged up on the back of increased support in its home turf despite an ongoing factional feud, a poll showed Friday.The poll released by polling agency Gallup Korea showed 41 percent of people approved last week of the job that the ruling Saenuri Party is doing, up 2 percentage points from a week earlier. The poll attributed the result to the increased approval rating at the so-called TK region comprising the central city of Daegu and North Gyeongsang Provin
PoliticsMarch 18, 2016
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Naturalized Russian short tracker to retire after Olympics in native land
South Korean-born Russian short tracker Victor An said Friday he plans to retire after the next Winter Olympics in his native land.An, born Hyun-soo in South Korea and a Russian citizen since 2011, traveled to Seoul to receive an award from his alma mater, Korea National Sport University, for his athletic accomplishments.After the awards ceremony, the 30-year-old said his goal is to retire in style after competing at the 2018 PyeongChang Winter Olympics."I wanted to retire after the Sochi Winter
More SportsMarch 18, 2016
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DHL, UPS bid for Logen Logistics
Global courier giants DHL and UPS are among the suitors who submitted preliminary offers for Logen Logistics, Korea’s fourth-largest package delivery firm, local reports said Friday. Private equity funds Affinity Equity Partners, CVC Capital Partners and Seoul-based STIC Investment also took part in the first round of bidding that closed Thursday, they said. Logen is 100 percent owned by Hong Kong-based Baring Private Equity Asia. J.P. Morgan is Baring’s adviser for the sale.The reports put Loge
March 18, 2016
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Key Resolve exercise ends 12-day run amid N. Korea's show of force
A festival highlighting Korea's traditional paper folding art titled "K-Jongie Jupgi" will be held in Paris in October, its organizer said Thursday.The Seoul-based Korea Paper Culture Foundation-World Jongie Jupgi Organization and the Korean language (hangeul) school in Paris signed a memorandum of understanding (MOU) outlining the plan in the French capital.Under the MOU inked on Wednesday (local time), the two sides agreed to make a concerted effort to help globalize the traditional Korean pap
DefenseMarch 18, 2016
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Mirae’s takeover of KDB units priced at $2.05b
Mirae Asset Financial Group, a local financial service provider, has agreed to take over two units of state-run Korea Development Bank for 2.38 trillion won ($2.05 billion). (Yonhap)Mirae Asset previously signed with the state-run bank to take over a 43 percent stake in KDB Daewoo Securities and all of KDB Daewoo Management for a combined 2.45 trillion won. The price was cut by 66.7 billion won, or 2.72 percent, after the value of some of Daewoo Asset‘s overseas assets and local properties was f
March 18, 2016
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Baseball club undecided on fate of players facing gambling suspicions
The South Korean baseball club Samsung Lions said Friday they remain undecided on what to do with their two pitchers that face gambling suspicions.The Lions were scheduled to announce on Friday whether or not they would use starter Yun Sung-hwan and reliever An Ji-man during the ongoing Korea Baseball Organization (KBO) preseason. Ahead of the Lions' game against the Kia Tigers in Gwangju, however, Samsung manager Ryu Joong-il said he would need to take more time."It's so tough because it's a se
BaseballMarch 18, 2016
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Korean agency, Chinese singers lock horns in first pleading
A South Korean entertainment management agency struck back at its Chinese K-pop hip-hop duo Tasty over a contract nullification suit Friday, claiming the artists' arguments are groundless.The first pleading between Woollim Entertainment, the defendant and subsidiary of S.M. C&C, and the two Chinese rappers, the plaintiffs, took place on Thursday. S.M. C&C is a listed music label of S.M. Entertainment, the country's second-largest talent agency by market capital.The trial opened about six months
PerformanceMarch 18, 2016
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Prime Minister Prayut calls on Thais to view 'patriotic' Korean drama
Thai Prime Minister Prayut Chan-ocha has urged Thais to watch a South Korean mega-hit drama about a gun-toting soldier saving lives in a faraway land, according to local news reports on Thursday.Prayut, who seized power in 2014 in a coup, has urged Thais to tune in to "Descendants of the Sun," a drama that is winning over a growing number of viewers in Asia.The TV drama tells the story of an army captain sent on a peacekeeping mission to a distant fictional country, battling shady henchmen to sa
World NewsMarch 18, 2016
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Police officer gets suspended jail term for leaking documents
A local appeals court on Friday released a police officer, accused of leaking presidential documents, after handing down a suspended jail term.The Seoul High Court sentenced the police inspector, identified only by his surname Han, to a year in prison suspended for one year for copying documents he found in an office and leaking them to another police officer, who was later found dead in an apparent suicide.A lower court had sentenced Han to a year in prison.While finding the 46-year-old guilty
Social AffairsMarch 18, 2016
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Constitutional Court to decide on National Assembly law before end of May
The Constitutional Court's President Park Han-chul said Friday that a decision will be reached on a controversial law that has deadlocked the passage of bills before the end of May."National Assembly Speaker Chung Ui-hwa asked the court to deliver the ruling before the current parliament wraps up (in May), and we are working on it to make a decision as soon as possible," Park said in a forum in central Seoul.The National Assembly Advancement Law, passed in May 2012, stipulates that a bill with c
PoliticsMarch 18, 2016
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Samsung, Shinsegae in conflict over mobile payment tool
South Korea's two leading conglomerates -- Samsung Group and Shinsegae Group, which share the same lineage -- have been locked in an unusual conflict over mobile payment tools, industry sources said Friday, as the two are promoting their respective platforms.According to the sources, Samsung's service sector entities, including Hotel Shilla and Everland Resort, announced they will stop accepting gift certificates issued by Shinsegae, a leading retail group.The industry sources said Samsung's mov
IndustryMarch 18, 2016
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CJ chairman withdraws from board of holding company
Shareholders of CJ Group’s two main pillars -- CJ Corporation and CJ Cheiljedang -- approved a plan to replace the group’s ailing chairman Lee Jay-hyun from the board, officials said Friday.Shin Hyun-jae, vice president of the group’s holding company CJ Corporation, and Huh Min-hoe, vice president of CJ Cheiljedang, will replace him, they said.Citing his deteriorating health condition since 2013, chairman Lee has been replaced on the boards of CJ’s five affiliates, including CJ E&M, its thriving
IndustryMarch 18, 2016
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LTP Global expands overseas business
LTP Global’s factory in Hwaseong, Gyeonggi Province (LTP Global)LTP Global, a local packaging manufacturer, is seeking to expand its overseas business after it recently launched operations at its second factory in Hwaseong, Gyeonggi Province, company officials said Thursday.The medium-sized company specializing in printing and cosmetics packaging built the factory to meet the rising demand both at home and abroad. “We are optimistic about sales in China. And we are also going to be more aggressi
IndustryMarch 18, 2016