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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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Immigration policy must go beyond labor supply: experts
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Opposition mulls delay of financial investment income tax
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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In Whitney exhibit, Poitras explores the art of surveillance
NEW YORK (AP) -- Here's a question you’ve likely never asked yourself: Can covert surveillance be beautiful? But you might be asking it as you stroll through "Astro Noise," journalist and filmmaker Laura Poitras' exhibit at the Whitney Museum of American Art, in which images stemming from mass government surveillance are, in a number of cases, physically striking. Take, for example, the patterns of bright greens, blues and oranges adorning the wall as one enters the exhibit. Seen from afar, they
PerformanceMarch 15, 2016
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KT receives W10b funding for video coding tech
Korea’s No. 2 telecom carrier KT said Tuesday that KDB Infra IP Capital Fund, an investment arm of KDB Financial Group, has decided to invest 10 billion won ($8.4 million) into its video coding technology patent. KT has been trying to obtain patents for telecommunications and next-generation media technologies in recent years. The latest funding will be made for the company’s highly efficient video coding technology, called H.265, which is used for data transmission for IPTV and mobile services.
TechnologyMarch 15, 2016
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Samsung loses more market share in China
Chinese handset makers are fast gobbling up Samsung Electronics’ market share on their home turf.According to market research firm Counterpoint Technology Research, Samsung’s market share in the all-important Chinese smartphone market was 7.7 percent last year, down from 12.8 percent a year ago. Galaxy S7 EdgeThe previously No. 2 player in the market barely secured the sixth position. During the same period, Chinese companies have greatly increased their presence. Xiaomi topped the list with 14.
TechnologyMarch 15, 2016
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SMEs to be put under creditor-led debt workout
Small and medium enterprises that are unable to meet their debt obligations worth more than 3 billion won ($2.5 billion) and fail to meet adequate credit standards will need to go through creditor-led workout programs, the top financial regulator announced Tuesday. The Financial Services Commission said that an enforcement ordinance to the Corporate Restructuring Promotion Act has been submitted to a Cabinet council for legislation.“The ordinance is expected to be enacted next month after furthe
March 15, 2016
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KOTRA opens marketing class for halal food
Korea’s trade promotion agency KOTRA will open a two-day class for local firms wanting to enter the halal food market around the world, officials said Tuesday.Starting March 22, the agency will provide marketing strategy and information on halal certification systems in the Middle East, Indonesia and Malaysia.The global market for halal food, which is produced or processed under Islamic dietary guidelines, is expected to grow to $1.62 trillion in 2018 from $1.08 trillion in 2012, according to of
IndustryMarch 15, 2016
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Samsung named best employer in Latin America
Samsung Electronics said Tuesday it has been named the best employer in Latin America by Top Employers Institute, a global HR certification agency based in the Netherlands. Samsung Electronics Brazil has won the award every year since it received the honor for the first time in 2014.Last year, four branches in Brazil, Argentina, Chile and Colombia were named the best employer. This year, two more branches in Panama and Mexico joined to win the industry’s top honor.Top Employers Institute picks “
TechnologyMarch 15, 2016
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Incheon Airport CEO appointed to ACI regional board
The head of Korea’s main international airport has been appointed to the Asia-Pacific Regional Board of the Airports Council International, the airport said Tuesday.Chung Il-young, the CEO of Incheon International Airport Corp., will take part in creating policy at ACI as a representative of Asian-Pacific airlines for three years. Chung Il-young (Incheon International Airport)He was appointed to his post on March 13.Chung Il-young has been the CEO of Incheon International Airport Corp. since Fe
March 15, 2016
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Asiana Airlines approved for cabin crew training
Asiana Airlines received approval from the Transport Ministry to oversee flight training for cabin crew, according to the carrier Tuesday.The certification, attained on March 8, allows Asiana to provide safety training for cabin crew for other airlines, both from Korea and abroad. Cabin crew receive instructions in emergency care at Asiana Airlines’ training facilities in Gangseo-gu, Seoul. (Asiana Airlines)“We hope for this to be an opportunity for Asiana to spread its specialized know-how in
IndustryMarch 15, 2016
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Korea lags behind rivals for AI patents
The number of patents held by Korean companies in the artificial intelligence (AI) segment hovered far below other major countries around the globe, underscoring a need to roll out more corporate-friendly policies for the sector.According to the data compiled by the Hyundai Research Institute, Korea held 306 AI-related patents, which account for only 3 percent of the total number around the globe. The figure is only a 5 percent of the United States' number. The global market for the AI industr
IndustryMarch 15, 2016
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Korea unveils unified gov't emblem
South Korea unveiled a unified emblem for its government Tuesday in an effort to save costs and help people easily recognize government organizations. A dynamic, open-ended "taegeuk" mark will be used as the new government symbol, the Ministry of Culture, Sports and Tourism said. The new design is based on the taegeuk, a symbol that is most prominently displayed on the country's national flag.South Korean government ministries and state-run agencies have been using different symbols to represent
CultureMarch 15, 2016
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SK hynix ranks No. 3 in global chip sector
Seoul-based SK hynix became the third largest chipmaker in the world for the first time in 2015, according to an industry report Tuesday.SK Group’s chip business affiliate earned $16.5 billion revenue -- the third largest in the world -- last year, taking up 4.8 percent of the global market share, according to a report released by market researcher IHS.The Korean firm pulled down its rival Qualcomm to the fourth place. The California-based chipmaker logged $16.4 billion in revenue.Samsung Electr
TechnologyMarch 15, 2016
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Seoul to allow overseas money transfer via mobile
Koreans will be able to use overseas money transfer services through mobile phones as the country is ratcheting up its deregulation drive in the financial technology sector, the finance ministry said Tuesday.The revised foreign exchange law, set to take effect next week, allows non-bank players, including mobile payment service providers, to engage in oversea money transfers, according to the ministry. So far, only banks have been allowed to be engaged in overseas money transfer services. Mobile
IndustryMarch 15, 2016
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EXID's Hani to return to work after three-week break
Hani, a member of K-pop girl group EXID, will resume public activities after taking a three-week break for health reasons, her agency said Tuesday.Hani will attend the group's "meet and greet" session for Chinese fans in Shanghai on Friday, her first public appearance in three weeks, Banana Culture said.She took the short leave to focus on receiving treatment for enteritis and due to fatigue.During the band's first fan event overseas since its debut in February 2012, the members will perform the
PerformanceMarch 15, 2016
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Samsung, LG competing fiercely in VR market
Korean tech giants are engaging in an intense battle to take the lead in the virtual reality (VR) market, with each claiming to reign supreme in different areas of VR devices.Samsung Electronics had been the sole player in the VR segment, beginning full-fledged businesses through smartphone platforms and the Gear VR, introduced last year under ties with U.S.-based Oculus VR. Samsung Gear VR (Yonhap)But the atmosphere changed when LG Electronics, Samsung's smaller tech rival, unveiled its own VR
IndustryMarch 15, 2016
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South Korea, China agree to fully implement new U.N. sanctions on North Korea
South Korean Foreign Minister Yun Byung-se held a telephone discussion with Chinese Foreign Minister Wang Yi, and they agreed to fully implement new U.N. sanctions on North Korea, China's foreign ministry said, as the North's leader threatens to conduct a nuclear warhead test.In the telephone discussion held on Monday, Yun and Wang exchanged views on the latest situation on the Korean Peninsula, the Chinese ministry said in a statement.The two ministers agreed that the new U.N. sanctions, slappe
North KoreaMarch 15, 2016
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U.S. urges N.K. to refrain from provocative rhetoric after threats
The United States urged North Korea on Monday to refrain from menacing actions and rhetoric after North Korean leader Kim Jong-un threatened to conduct yet another nuclear test and more ballistic missile launches.Pyongyang's Korean Central News Agency reported that leader Kim declared "a nuclear warhead explosion test and a test-fire of several kinds of ballistic rockets able to carry nuclear warheads will be conducted in a short time to further enhance the reliance of nuclear attack capability.
North KoreaMarch 15, 2016
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Prius poised to square off with Ioniq in Korea
Japan's Toyota is set to unveil the latest version of the Prius in Korea next week, intensifying competition with homegrown auto giant Hyundai Motor in the steadily growing hybrid car market, industry sources said Tuesday.According to the sources, Toyota plans to introduce its fourth-generation model of the Prius on March 22 to the Korean market, its third global market debut after Japan and the United States.The Prius has been the dominant player in the hybrid electric vehicle (EV) market since
MobilityMarch 15, 2016
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Korea's trade surplus widens to $7.4 bln in Febuary
Korea's trade surplus expanded from a month earlier in February but mostly due to imports shrinking at a faster clip than exports, customs data showed Tuesday.The country's trade surplus came to $7.38 billion last month,compared with a surplus of $5.17 billion in the previous month, according to the data from the Korea Customs Service. February marked the 49th consecutive month of a trade surplus.From a year earlier, however, the February tally dropped 1.2 percent.The on-month increase was lar
March 15, 2016
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North Korea conducting attack exercise on replica of Seoul: officials
North Korea is carrying out a military assault exercise using a replica of South Korea's capital of Seoul, a lawmaker said Tuesday, citing government officials.The exercise is focused on destroying key public facilities in the South Korean capital and is part of what North Korea threatened as "an operation to liberate Seoul," Rep. Lee Cheol-woo told reporters after his ruling Saenuri Party's meeting with officials from security-related state agencies.On Saturday, Pyongyang threatened to advance
North KoreaMarch 15, 2016
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Lee Hi returns -- more pensive, still passionate
It’s been four years since high school student Lee Hi made judges’ jaws drop on audition show “K-Pop Star” with her precocious rendition of Jazmine Sullivan’s “Bust Your Windows” -- a song about smashing an unfaithful lover’s car. It’s been three years since she debuted as a solo singer with retro-soul album “1,2,3,4.” Now 21 years old, the still-young starlet has returned after a long hiatus with new album “Seoulite,” released March 9. The lead track “Breathe” is a soft, piano-based ballad; Lee
PerformanceMarch 15, 2016