Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Opposition mulls delay of financial investment income tax
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Immigration policy must go beyond labor supply: experts
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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KMA chief under pressure after surveyed doctors refuse to back him
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Meditation brings calm to Gwanghwamun
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Seoul welcomes adoption of new UNSC sanctions resolution on Pyongyang
South Korea on Thursday welcomed the unanimous adoption of a fresh United Nations Security Council resolution slapping tough sanctions on North Korea for its recent provocations, urging the communist state to denuclearize.Immediately after the Security Council passed the resolution punishing Pyongyang for its recent nuclear test and rocket launch, the government issued a statement stressing the international community's "stern will" to oppose the North's nuclear and missile programs."The resolut
North KoreaMarch 3, 2016
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A look at sweeping new U.N. sanctions on North Korea
A U.N. resolution unanimously adopted Wednesday ratchets up sanctions on North Korea, with a raft of new measures that are the toughest yet to hit the reclusive country.Here are the key points of the resolution: ARMS EMBARGO TIGHTENED- Prevents sales of small arms, transfers of any item except food and medicine that could be used by the armed forces, for example trucks.- Bans military and police cooperation, shutting down North Korea's training programs abroad, in particular in Africa. These wer
North KoreaMarch 3, 2016
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Assembly passes antiterrorism bill despite oppositions’ pushback
The National Assembly on Wednesday gave final approval to the legislation granting the intelligence agency enhanced capability to address terror threats with authority to monitor potential terror suspects. The lawmakers then approved other stalled bills such as those redrawing constituencies for the April general elections and addressing North Korea’s human right condition by allowing the government to set up a center tasked with investigating Pyongyang’s human right abuses. The bills cleared i
PoliticsMarch 2, 2016
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F.M. lashes out at N.K for provocations
South Korea's Foreign Minister Yun Byung-se on Wednesday lashed out at North Korea for having conducted a series of nuclear and missile tests over the last decade, calling the communist regime a "serial offender."Speaking at the Conference on Disarmament (CD) in Geneva, Switzerland, Yun said that it is "no wonder" that the United Nations Security Council (UNSC) would soon adopt a resolution with the "strongest-ever" non-military sanctions in seven decades of the U.N.'s history for the North's re
North KoreaMarch 2, 2016
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Chinese banks halt transfer of yuan to NK
Chinese banks in the northern border city of Dandong have suspended the transfer of the yuan currency to North Korean banks, Chinese financial sector officials told Yonhap News Agency on Wednesday. The move comes as the U.N. Security Council is set to vote on new sanctions against North Korea's fourth nuclear test and rocket launch this year. Employees of the Dandong branch offices of China's top four state-owned banks, including Agricultural Bank of China and Industrial and Commercial Bank of C
North KoreaMarch 2, 2016
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Opposition party ends record long filibuster
The main opposition party ended its vote-blocking marathon filibuster Wednesday, opening the door for the normalization of parliament that has been paralyzed due to the political standoff over a government-backed anti-terrorism bill.Lee Jong-kul, floor leader of the main opposition Minjoo Party of Korea, stood at the podium of the National Assembly chamber as the last speaker, putting an end to the marathon monologues that started on Feb. 23."Everyone participated with enthusiasm," Lee said, rei
PoliticsMarch 2, 2016
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UN: Violence kills 670 across Iraq in February
BAGHDAD (AP) _ Continuous violence has left at least 670 Iraqis dead in February, of whom about two-thirds were civilians, the United Nations said. In a statement issued on Tuesday, the U.N. Assistance Mission for Iraq, known as UNAMI, put the number of the killed civilians at 410, a figure which according to U.N. methodology includes the federal police, civil defense forces and personal security details. The rest were security forces, including Kurdish peshmerga and paramilitary troops. It ad
World NewsMarch 2, 2016
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Clinton, Trump move closer to showdown
WASHINGTON (AP) _ Republican Donald Trump and Democrat Hillary Clinton took major steps toward claiming their parties' presidential nominations with sweeping wins on Super Tuesday, the biggest day in the primary campaign.Clinton and Trump each won seven states, as the front-runners padded their leads in the all-important delegate counts that determine the parties' nominees. Though state primaries and caucuses will continue for months, rivals will be hard-pressed to catch up with the front-runne
World NewsMarch 2, 2016
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Volvo debuts all-new luxury XC90 SUV
Volvo Car Korea CEO Lee Yun-mo poses next to the all-new XC90 SUV at a launch in Seoul, Wednesday. Swedish luxury carmaker Volvo Car launched the all-new XC90, a seven-seater premium SUV, in Seoul on Wednesday and started accepting preorders. The company hopes that its latest flagship SUV will fuel growth momentum in Korea, one of the world’s most dynamic markets for luxury carmakers. “Considering the fast-growing premium SUV market in Korea, the company has set the annual sales target for X
MobilityMarch 2, 2016
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Hyundai to boost invesment in future mobility projects
Hyundai Motor Group vice chairman Chung Eui-sun hinted Wednesday that the carmaker will proactively invest more in future car projects, adding that the company will extend the role and domain of a car in its bid to create “mobility freedom’’ for people. Hyundai Motor Group vice chairman Chung Eui-sun (second from right) poses with David De Rothschild (right), a British adventurer and environmentalist, and Hyundai Motor executives after the launch event for Hyundai’s Ioniq line-up on the open
MobilityMarch 2, 2016
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Focus shifts to boosting SME exports
Over the coming year, the Bank of Korea will make available a total of 9 trillion won ($7.28 billion) in low-interest loans for small and medium-sized enterprises in a bid to reinvigorate the economy.Of the amount to be channeled to SMEs through commercial banks, starting Tuesday, 3 trillion won will be used to support their trade finances and 2.9 trillion won will be spent on boosting their capital investment. The remainder is earmarked to help start-ups.The measure to augment the bank’s interm
IndustryMarch 2, 2016
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Concerns grows over economic slowdown
Industrial output fell and current account surplus narrowed in JanuaryConcerns about Korea’s economic recession are growing as the nation’s industrial output fell for a third consecutive month in January amid faltering exports and a contraction in consumption and investments.The government attributed decreased demand for cars affected by the expiration of the excise tax reduction to the on-month decline in industrial production.But industrial experts said it may be impossible for the government
March 2, 2016
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LG Uplus combines IoT with security service
Mobile carrier LG Uplus on Wednesday rolled out a home security service, called IoT Caps, which incorporates Internet of Things technology.The mobile carrier partnered with security firm ADT Caps and digital door lock maker Gateman in August last year to develop the smart home security service, which allows users to remotely monitor their houses with smartphones and notify security guards when strangers trespass on private property. Security officers from ADT Caps pose with LG Uplus’ Internet of
TechnologyMarch 2, 2016
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OLED race heats up with increasing investment
Despite a number of advantages to organic light-emitting diode displays, the market for the light and flexible display has yet to bloom.Most major display and electronics makers have hesitated to jump on the OLED bandwagon, citing as main concerns the high production costs and low production yields of the promising OLED.Things will likely change as Korea’s electronics and display powerhouses, including Samsung Display, have rolled up their sleeves to push for the growth of OLED display business.
TechnologyMarch 2, 2016
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[Newsmaker] Spaceman back from record year flight
Astronaut Scott Kelly returned to Earth on Wednesday after an unprecedented year in space for NASA, landing in barren Kazakhstan with a Russian cosmonaut who shared his whole space station journey.Their Soyuz capsule parachuted onto the central Asian steppes and ended a science-rich mission at the International Space Station that began last March and was deemed a steppingstone to Mars. International Space Station crew member Scott Kelly of the U.S. shows a victory sign after landing near the tow
World NewsMarch 2, 2016
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Qurient garners spotlight from biotech investors
Qurient, a biotech venture firm engaged in developing new treatments, is attracting interest from investors since debuting on Korea’s tech-driven KOSDAQ stock market on Monday. On the day of its stock market debut, Qurient’s stock price surged by 15.04 percent from its starting price to close at 33,900 won on Monday. It again rose by 15 percent to close at 39,000 won on Tuesday and by 19 percent to reach a closing price of 46,600 won on Wednesday. The company’s stock price is continuing to trea
IndustryMarch 2, 2016
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Controversy escalating over excise tax deduction on imported cars
Controversy is mounting over local importers of Mercedes-Benz, BMW, Volkswagen and other car brands for allegedly giving out price cuts when there were de facto excise tax refunds. The Fair Trade Commission on Wednesday said that it is considering launching an investigation to see whether the companies have imported cars at tax-deducted prices, then sold them at lower prices as if they were giving a special discount when all they were actually doing was reflecting the tax cut. The special excise
MobilityMarch 2, 2016
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Daejeon troupe U&i to perform monologues in aid of women’s shelter
Daejeon-based theater company U&i Productions will return to the stage this weekend with a charity performance of Eve Ensler’s “The Vagina Monologues.”The monologues have been performed across 100 countries and in 40 different languages. “V-Day” performances of it and other plays are held across the world each spring in aid of women’s charities and to raise awareness about violence against women.Kevin Manley, company manager of U&i Productions, said the group decided to perform the monologues af
Expat LivingMarch 2, 2016
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Itaewon Global Village Center to host orientation in Seoul
The annual Living in Seoul Orientation and Introduction to Korea Culture presentation will be held at the Itaewon Global Village Center this Friday. The center will welcome expats who are new to the city or those who want to learn about Korean culture as well as the services and cultural opportunities available to foreign residents in Seoul. The presentation will also include a Q&A session and refreshments. Those who attend will receive brochures, maps and guides. To register visit the IGVC in p
Expat LivingMarch 2, 2016
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Gwangju International Center offers spring tour to Gurye
The Gwangju International Center will be hosting a tour around Gurye, a small farming town in South Jeolla Province. The tour, which will take place on Mar. 26, will allow visitors to witness the blooming sansuyu flowers, a popular feature of the area in springtime.The tour will take guests to Haweomsa Temple, which has been there since the sixth century and houses several national treasures. Participants will also be given the opportunity to meditate with monks, make bead bracelets and try a me
Expat LivingMarch 2, 2016