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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Samsung heir repurchases shares of C&T, Engineering
Samsung Group said Thursday Samsung Electronics vice chairman and heir apparent Lee Jae-yong has repurchased treasury shares of Samsung C&T and Samsung Engineering, worth a combined 230 billion won ($185 million). Lee acquired 1.3 million shares -- about 200 billion won -- of Samsung C&T, the de facto holding company, from Samsung SDI, the battery-making unit. Samsung Electronics vice chairman Lee Jae-yong“The buyback aims to minimize the market impact, including any damage to minority sharehold
TechnologyFeb. 25, 2016
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N. Korea denounces U.S. ahead of joint military drills
North Korea on Thursday spewed out a barrage of bellicose statements against the United States, condemning upcoming joint military drills between Seoul and Washington.Rodong Sinmun, North Korea's main newspaper, berated the U.S. for preparing for the Key Resolve command post exercise, denouncing it as maneuvers aimed at "decapitating" the North Korean leadership.Seoul and Washington plan to conduct their largest-ever military drills starting early March, involving a series of strategic weapons.
North KoreaFeb. 25, 2016
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Three foreigners to stand trial for illegal entry
Three foreigners were indicted Thursday on charges of illegally entering South Korea through the country's main airport last month, prosecutors said Thursday.The Incheon District Prosecutors' Office, located in the western port city of the same name, said it charged the suspects -- a Chinese couple and a Vietnamese national -- for violating the country's immigration control law.Two Chinese nationals allegedly sneaked in through Incheon International Airport without being noticed by immigration o
Social AffairsFeb. 25, 2016
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Suwon to utilize players from their youth academy
Suwon Samsung Bluewings were once one of the richest football clubs in South Korea being supported by local tech giant Samsung Electronics Co. But after Cheil Worldwide Inc., Samsung Group's advertisement arm, took over the club in 2014, spending went down as the management went for efficiency. Having a small budget means that Suwon face hurdles in bringing in high-profile footballers from outside and keeping star players on the squad. Despite finishing second in the country's top division K Lea
SoccerFeb. 25, 2016
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Defense Minister inspects readiness of military's counter-terror units
Defense Minister Han Min-koo inspected the combat readiness of the military's special counter-terror units Thursday as the government recently warned of possible terror attacks by North Korea.Han visited the Special Warfare Command's counter-terror unit and a special chemical warfare battalion to check the forces' battle preparedness earlier in the day, the ministry said in a statement.The defense chief instructed the troops to maintain a "thorough readiness position" against possible terrorist
DefenseFeb. 25, 2016
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Strada Worldwide recognized overseas in the smart advertising industry
Strada Worldwide is a smart media solutions company that merges advertisements with information and communications technology. It creates advertisements using virtual reality (VR) and augmented reality (AR) devices and installs them at airports, movie theaters and shopping malls. In December 2015, visitors were captivated by a VR “play zone” that was set up at the Pangyo headquarters of the Gyeonggi Center for Creative Economy & Innovation, a sponsor of Strada Worldwide. VR is a technology that
TechnologyFeb. 25, 2016
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4minute wows fans with special choreography video of hit song
K-pop girl group 4minute threw a special choreography practice video up on social media network YouTube as a surprise gift for its fans around the world, its star label Cube Entertainment said on Thursday. The choreography practice video is a thank-you gesture from 4minute and Cube Entertainment for the global flurry of dance cover videos of "Hate," the title track of the band's seventh EP "Act. 7." A dance cover is a video clip uploaded to online video-sharing services in which dancers re-enact
PerformanceFeb. 25, 2016
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Shinsegae unveils revamped Gangnam department store
The revamped Shinsegae department store in Gangnam will officially open on Friday. The store’s concept is heavily inspired by the high-end department store chains Le Bon Marche in France and Saks Fifth Avenue in the U.S. The Shinsegae Group, which is Korea’s second-largest retailer, has added six new floors to the annex building of its store in the affluent area of southern Seoul. This makes the 86,500 square-meter store the largest department store in Seoul. It also now houses 1,000 brands, up
Feb. 25, 2016
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Cosmic Girls makes long-awaited debut
The K-pop girl group Cosmic Girls unveiled their debut album with a "cute and marvelous" concept Thursday.The 12-member group, with nine Korean members and three Chinese, released their first album "Would You Like?" at noon on major Korean providers of music streaming services. The album has five songs, including the title track "MoMoMo," as well as "Catch Me," "Take My Breath" and "Tick Tock." "MoMoMo," co-composed by K-pop hitmakers Kim Do-hoon and Seo Yong-bae, is a dance song with a vintage
PerformanceFeb. 25, 2016
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Top Pyongyang official may be undergoing medical treatment: source
A top North Korean military official is believed to be receiving medical treatment in the North, a source familiar to the North's affairs said Thursday, as he has not recently been seen at public events.Hwang Pyong-so, director of the general political bureau of the Korean People's Army (KPA), appears to be receiving treatment in North Korea as he has some problems with his spine, according to the source.It is believed that he visited Singapore last year to undergo surgery on his spine.Hwang was
North KoreaFeb. 25, 2016
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Amnesty's hologram rally in Seoul ends peacefully without police clash
A human rights group staged a hologram rally, called a "ghost rally," in central Seoul on Wednesday night, chanting slogans and waving banners on a giant screen.The rally was the first of its kind in South Korea and the second internationally following one in Spain last April.The Korean office of Amnesty International (AI) projected holographic images of protesters on a screen set up at Gwanghwamun Square on the eve of the third anniversary of President Park Geun-hye's administration.The ghost r
Social AffairsFeb. 25, 2016
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Loans to self-employed spike at record pace in 2015
Korea's bank loans to the self-employed rose at the fastest clip ever in 2015 as they relied more on debt amid a protracted slump in domestic demand, data showed Thursday.Outstanding loans to the self-employed by five major local lenders, including Shinhan Bank and Kookmin Bank, came to 164.17 trillion won ($133.1 billion) in 2015, up 16.1 percent, or 22.7 trillion won, from a year ago, according to the data compiled by Statistics Korea and the banks. The annual gain compares with the previous
Feb. 25, 2016
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Obama makes surprise appearance at meeting between his security
U.S. President Barack Obama made a surprise appearance at a meeting between Chinese Foreign Minister Wang Yi and U.S. National Security Advisor Susan Rice, the White House said Wednesday.The meeting between Wang and Rice was watched closely as the two sides were expected to reach a final agreement on a draft U.N. Security Council resolution imposing sanctions on North Korea for its nuclear and missile tests.The two sides "agreed on the importance of a strong and united international response to
World NewsFeb. 25, 2016
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Major trade body vows full support for exports
The head of a major trade association in Korea said Thursday that his organization will make a concerted effort to help the country's trade volume rebound to the $1 trillion level by expanding its support for sagging exports. Korea's trade had surpassed $1 trillion for four straight years until 2014, but last year it tumbled below the mark as exports dwindled due to the global economic slowdown.In January, the country's exports nosedived 18.8 percent from a year earlier on sluggish overseas dema
Feb. 25, 2016
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Korea forms task force on new energy deals
Korea's public and private companies launched a joint task force Thursday to clinch new energy-related projects overseas as part of efforts to find new growth drivers, the trade ministry said Thursday. The task force dubbed "Team Korea" is composed of public firms, private-sector companies and financial institutions that will jointly conduct a market survey and set up strategies to win bids for international energy projects, the Ministry of Trade, Industry and Energy said.Strategies will differ
IndustryFeb. 25, 2016
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BOK to extend support fund for smaller firms
Korea's central bank said Thursday it will expand low-interest loans to small and medium enterprises in a bid to help them overcome an economic funk and boost the economy's recovery.A total of 9 trillion won ($7.28 billion) will be raised for the so-called "bank intermediate lending support facility," with 4 trillion won to be newly earmarked and the rest to come from part of the existing 20 trillion won fund reserved for the same purpose, according to the Bank of Korea (BOK). Bank of Korea (Yon
Feb. 25, 2016
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Korea to extend 550 bln won loans to Kaesong firms
The Korean government said Thursday that it will extend special low-interest loans worth 550 billion won ($445 million) to firms based in a jointly run industrial park in a North Korean border town that have suffered losses due to the abrupt shutdown.Earlier this month North Korea expelled South Korean workers from the Kaesong Industrial Complex and froze the assets of companies operating there a day after the South suspended operations in retaliation for Pyongyang's rocket launch. Kaesong Indus
Feb. 25, 2016
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Korea's finance minister to attend G20 meeting
Korea's finance minister will attend the Group of 20 meeting for top economic policymakers in China later this week to discuss a variety of global issues such as increased market volatility and toughened economic conditions, the finance ministry said Thursday.The Ministry of Strategy and Finance said Finance Minister Yoo Il-ho, who doubles as the deputy prime minister for economic affairs, will attend the G20 Finance Ministers and Central Bank Governors meeting to be held in Shanghai, China, on
Feb. 25, 2016
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Domestic demand weak amid external uncertainty: finance minister
The Korean economy is plagued by dwindling vitality in the private sector stemming from some structural problems amid rising external uncertainties, the finance minister said Thursday."Since the beginning of the year, Korea's exports have been in the doldrums due to fast-falling oil prices, Chinese financial turmoil and Japan's negative interest rate," Finance Minister Yoo Il-ho said in a meeting with heads of state-funded agencies. Finance Minister Yoo Il-ho (Yonhap)"Economic vitality in the pr
Feb. 25, 2016
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[Photo News] LG Electronics donation in Kenya
KENYA DONATION – LG Electronics senior vice president Lee Chung-hak (left) talks with a girl who was given an artificial leg from the Korean tech giant in Nairobi, Kenya, Wednesday. Over the past 10 years, LG has donated prosthetic limbs for people who suffered injuries during wars in the African country. (LG Electronics)
TechnologyFeb. 25, 2016