Most Popular
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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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‘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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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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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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Meditation brings calm to Gwanghwamun
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KT and Microsoft to develop AI models for Korea
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Court rules government not responsible for war victim
South Korea’s top court on Tuesday ruled that the government is not responsible for compensating a Korean civilian killed by the U.S. Navy’s shelling during the 1950-53 Korean War. The Supreme Court ordered a retrial for the case in a lower court, reversing an earlier verdict that had demanded the government pay 48.8 million won ($39,600) to the victim’s bereaved families. (Yonhap)The victim, identified only by his surname Bang, was one of about a thousand victims killed by artillery fire fro
Social AffairsMarch 1, 2016
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[Editorial] Russia factor
It is apparent that Russia wants to increase its leverage in its international dealings with North Korea. The first such sign came at the U.N. Security Council where it is effectively delaying the adoption of a resolution for new sanctions against North Korea’s nuclear and missile provocations. Russian officials said their government -- including concerned ministries in Moscow -- needed time to examine the draft of the resolution. This is understandable, as Russia – despite being one of the fiv
EditorialMarch 1, 2016
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[Photo News] Ssangyong unveils XLV at Geneva Motor Show
EXTENDED TIVOLI -- Ssangyong Motor CEO Choi Johng-sik poses next to the XLV, the extended version of Tivoli, the automaker’s best-selling compact SUV, during the media preview event for the 2016 Geneva International Motor Show on Tuesday. The XLV, which will be named the Tivoil Air in Korea, will debut this month. Ssangyong Motor
Latest NewsMarch 1, 2016
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[Kim Seong-kon] Is Korea a pawn on the international chessboard?
Referring to the recent crisis on the Korean Peninsula, a Chinese newspaper compared Korea to pieces in a game of “baduk” (the board game also known as Go) between China and the United States. Reading the editorial, right-wing Koreans became furious, taking the remarks as an insolent affront to the dignity of Korea. On the contrary, left-wing Koreans took them as a cynical reminder that China and the States, not Korea, are the countries that can solve our problems. The Chinese editorial reminded
ViewpointsMarch 1, 2016
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China to 'strictly' implement new U.N. resolution on North Korea
China said Tuesday that it will "strictly" implement a new U.N. resolution slapping new sanctions on North Korea, as the U.N. Security Council is set to approve the resolution."China will strictly follow it if the U.N. resolution is passed," China's foreign ministry spokesman Hong Lei told reporters during a regular press briefing.In New York Tuesday the U.N. Security Council is expected to pass a new resolution aimed at punishing North Korea for conducting its fourth nuclear test and firing off
North KoreaMarch 1, 2016
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[Jahan Alamzad] Mumbai can learn a lot from Seoul
I landed in Seoul for the first time some years ago and spent a good portion of a year working with one of Korea’s largest industrial complexes, a chaebol. I not only learned the business attributes of Korea, but I also experienced the culture of the country, its rich history, and the nation’s incredible people.I was astounded that Seoul had been rebuilt into one of the most prominent mega-cities in the world after it was turned to rubble just a couple of generations ago, beset by the Korean Wa
ViewpointsMarch 1, 2016
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[Robert J. Fouser] “Hell Joseon” and political change
In 2015, the term “Hell Joseon” spread on social networking services and has now become the most common term to describe the current malaise that afflicts Korea. The term comes from Joseon, a name used to refer to the royal dynasty that ruled Korea from 1392 to 1910. During the Japanese colonial period, Korea continued to be called Joseon, and it is part of the official name for North Korea. The name suggests rigidity and oppression. The source of “Hell Joseon” anger is the growing unease over t
ViewpointsMarch 1, 2016
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[J. Bradford DeLong] Economy needs pragmatism, not ideology
It is almost impossible to assess the progress of the United States economy over the past four decades without feeling disappointed. From the perspective of the typical American, nearly one-third of the country’s productive potential has been thrown away on spending that adds nothing to real wealth or destroyed by the 2008 financial crisis.Since the mid-1970s, the U.S. has ramped up spending on health care administration by about 4 percent of gross domestic product and increased expenditure on o
ViewpointsMarch 1, 2016
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[Editorial] Apple should open the iPhone
Apple has every right to challenge a federal magistrate’s order to help the FBI unlock a terrorist’s cellphone. This is a legal issue that needs to be resolved, and it is a discussion the nation needs to have. However the underlying principle is this: No storage device, whether it’s an old-fashioned filing cabinet or the most advanced iPhone, can be immune to a court-approved search. If Apple can provide a “key” to unlock the phone used by a terrorist, Apple should be compelled to do so. Syed Fa
ViewpointsMarch 1, 2016
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NY dance company claims China pressure behind canceled show
Shen Yun Performing Arts, a New York-based Chinese dance company that was scheduled to perform at Seoul‘s KBS Hall from May 6-8, claims that the Chinese government had a hand in the cancellation of its upcoming Seoul show. “KBS canceled the rental contract (with us), citing an illogical reason, and we soon found out it was not its voluntary decision, but because of pressure from the Chinese Embassy,” said Lee Chang-sik, head of New Cosmos Media, in charge of promoting and marketing Shen Yun Per
PerformanceMarch 1, 2016
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Korea's FM to attend UN human rights, disarmament conference in Geneva
South Korea's foreign minister will attend the U.N human rights council session and disarmament conference in Geneva as the country joins others in pushing North Korea to give up its nukes, the government said Tuesday.The foreign ministry said Yun Byung-se will make keynote speeches at the Conference on Disarmament and at the human rights meeting slated for Wednesday. Yun's speeches, which are expected to take place following the passage of the United Nations Security Council (UNSC) resolution t
March 1, 2016
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Samsung tops global TV market for 10th year
Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models.Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last year, the data compiled by industry tracker IHS showed, continuing its robust performance since 2006.In 2006, Samsung Electronics took up 14.2 percent of global TV sales, indicating that the company's profitability in th
TechnologyMarch 1, 2016
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[Graphic News] Jobs in electric, waterworks paid most, food services paid least
The average monthly nominal wage of laborers in South Korea increased slightly by 3.5 percent last year over the year before, statistics by the Employment and Labor Ministry showed.The highest paid jobs were those in electric, gas and waterworks businesses, threefold the lowest paying jobs in the lodging and food industries. The ministry surveyed the wages of about 25,000 sample businesses in all fields excluding agriculture.Other high-paying jobs included those in finance, insurance, science an
Social AffairsMarch 1, 2016
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Korean consortium wins $9.6 mln construction deal in Bolivia
A South Korean consortium clinched a $9.6 million urban development deal in Bolivia, the country’s Land Ministry said Tuesday, paving the way for the export of city planning services in the Latin American market.Under the deal, the consortium of Sunjin Engineering & Architecture and Pyunghwa Engineering Consultants will join the project to build a new city in Bolivia covering 58 square kilometers near Santa Cruz, which is known as the economic capital of Bolivia.Korea’s Ministry of Land, Infrast
IndustryMarch 1, 2016
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Korea's GDP per capita narrows gap with Japan
South Korea has closed the economic gap with Japan as its per capita gross domestic product has neared the level of its neighbor, mainly due to the currency exchange rate in 2015, a report showed Tuesday. Korea’s per capita GDP was estimated to stand at $27,226 in 2015, which reaches 84 percent of Japan’s $32,432, according to a report by Hyundai Research Institute.This is the first time that the gap in per capita GDP between the two countries comes below 20 percent since the International Monet
BusinessMarch 1, 2016
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Wage gap by corporate size widens in 2015
The wage gap between small and medium enterprises and conglomerates in Korea expanded on-year in 2015, data showed Tuesday, reflecting the growing imbalance in compensation among salaried workers.According to the data compiled by the Ministry of Employment and Labor and Statistics Korea, employees at smaller companies only made 62 percent of the wages of their counterparts at big business groups, marking the lowest level since the data was first compiled in 2008.Workers at companies with more th
March 1, 2016
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U.N. vote on N.K. sanctions due Wednesday
The U.N. Security Council is set to vote on a new resolution early Wednesday morning, officials said Tuesday, raising the possibility of a unanimous adoption of strengthened sanctions against North Korea.The vote will be held at 5 a.m. Korean time and all 15 members of the council are expected to endorse the resolution, according to an official from the South Korean mission to the U.N.In this Oct. 10, 2015, photo, missiles are paraded in Pyongyang, North Korea during the 70th anniversary celebra
North KoreaMarch 1, 2016
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Actress Kim Gyu-ri becomes honorary labor attorney
Kim Gyu-ri and An Nae-sang were appointed as honorary labor attorneys by the Korea Certified Public Labor Attorneys Association on Saturday. The two actors were given certificates by the president of the association, Chae Ho-il, to both stars during an official conference held at Sejong University convention hall. Actress Kim Gyu-ri with KCPLAA President Chae Ho-il (Korea Certified Public Labor Attorneys Association)The two stars have both played labor attorneys in past works. Kim played a publ
PeopleMarch 1, 2016
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SK chief's daughter serving in unit defending South Korea's NLL
The daughter of the chairman of SK Group, South Korea's third largest business conglomerate, is serving with a naval unit defending South Korea's sea border with North Korea, a military source said Tuesday.Chey Min-jung, the second daughter of Chey Tae-won, was commissioned as a naval officer in November 2014 and has since taken part in the Navy's anti-piracy mission off the coast of Somalia last year."Lieutenant Chey has been posted to the headquarters section of the frontline unit under the 2n
CompaniesMarch 1, 2016
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Hotel Shilla to open duty-free shop in Thailand
Hotel Shilla Co., an affiliate of South Korea's top conglomerate Samsung Group, said Tuesday it plans to open a duty-free shop in downtown Bangkok, speeding up efforts to expand its overseas presence.The company said the duty-free shop, which will open within this year, comes after Hotel Shilla first established a joint venture named GMS Duty Free with a Thai firm in 2013, where the South Korean retailer holds a 25-percent stake.Hotel Shilla said it has not decided on the opening date for the ne
IndustryMarch 1, 2016