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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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Film director faces fraud charges
A South Korean film director is facing fraud charges for allegedly not paying back some 10 billion won ($8.1 million) he borrowed from a local bank, prosecutors said Wednesday.A former head of a local savings bank filed charges against Kwak Kyung-taek, best known for "Friend" (2001), with the Seoul Eastern District Prosecutors' Office on Tuesday, prosecutors said.In the petition, the 58-year-old former banker said Kwak borrowed some 17.5 billion won from 2008 to 2011 and did not repay about 9.2
FilmFeb. 24, 2016
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Korean firms claim huge losses from factory park shutdown
South Korean firms based in a jointly run industrial park in a North Korean border city have suffered more than 815 billion won ($660 million) in losses from its shutdown, their association claimed Wednesday.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. The shutdown of the industrial park, regarded as the
Social AffairsFeb. 24, 2016
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Less fake goods sold in downtown Seoul
The amount of counterfeit items sold in the tourist hot spots in Seoul fell by half, the capital’s Junggu district said Wednesday, attributing the decline to intensified crackdown.A total of 33,957 fake items were seized from vendors and shops located in Myeong-dong and Namdamun and Dongdaemun markets last year, the district office said. The value of the seized goods amount to 20.7 billion won ($16.8 million) based on the retail prices of the genuine versions. Confiscated fake goods (Junggu dist
Social AffairsFeb. 24, 2016
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Kia Motors’ Sorento picked as best mid-size SUV in U.S.
Kia Motors’ Sorento was selected as the best SUV model in the midsize segment by a major U.S. consumer review magazine. Consumer Reports announced the best vehicles in 10 segments by evaluating their product quality, performance, safety and other features related to customer satisfaction. Sorento was the only Korean car model included on the list. Kia Motors’ Sorento (Yonhap)“The Sorento offers class-above elegance at mainstream prices.It’s a shade smaller than its midsized competitors, but tha
IndustryFeb. 24, 2016
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FTC reviewing stock deal between Hyundai Motor and securities firm
The Fair Trade Commission, the nation’s fair trade watchdog, is reviewing a recent stock deal made between Hyundai Motor Group and NH Investment and Securities to see if there was any irregularity involved in transferring the automakers’ stock ownership in Hyundai Steel, local news reports said. Forced by the revised Korean fair trade act to ban a Korean big business group from creating a new cross-shareholding structure among its affiliates, the two automakers -- Hyundai and Kia -- sold their s
MobilityFeb. 24, 2016
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Korean stock market opens bearish on oil slump
Korean share prices opened lower on Wednesday after oil prices slumped on hints from the Saudi Arabian oil minister that there would be no output cut. The benchmark Korea Composite Stock Price Index lost 3.42 points, or 0.18 percent, to 1,910.8 in the first 15 minutes of trading. Traders monitor share prices at a local bank. (Yonhap)However, the index surged to positive territory in late morning trading. As of 11:01 a.m., it was trading 3.53 percent higher at 1917.75 points.Oil prices fell more
Feb. 24, 2016
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Seoul slams Pyeongyang over military threats
South Korea lashed out at North Korea Wednesday for its latest threats against the South in the escalating tensions on the Korean Peninsula.Tensions have spiked on the peninsula over North Korea's nuclear test and long-range rocket launch in recent weeks. The United States has sent four F-22 stealth fighter jets to South Korea and its nuclear-propelled USS North Carolina attack submarine has joined a training exercise in the East Sea with South Korea in the latest show of force against the North
North KoreaFeb. 24, 2016
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Jeonbuk seeks best combination of new and old players
Jeonbuk Hyundai Motors last season had no problem defending their title in the top-tier K League Classic as they clinched their fourth domestic league title with two matches to spare.But that doesn't mean the club had a satisfying season as Jeonbuk was eliminated in the quarterfinals of the Asian Football Confederation (AFC) Champions League after losing to Japanese side Gamba Osaka.The result in Asia's premier club tournament prompted Jeonbuk to recruit a slew of local big names for the squad t
SoccerFeb. 24, 2016
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Korea warns of stern retaliation against N.K. provocation
South Korea's military issued a strong warning Wednesday against North Korea, saying any direct provocation would expedite the "collapse of its dictatorial system."In a statement, the Joint Chiefs of Staff (JCS) vowed to sternly retaliate if the North carries out its threat of attack on the South."Should (North Korea) ignore our advice and press ahead with provocations, we will make it bitterly regret through stern retaliation," the JCS said.It stressed that the North will have to take all the r
North KoreaFeb. 24, 2016
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Actress Jeon Do-yeon returns to soap opera scene with 'The Good Wife'
South Korean actress Jeon Do-yeon will make a TV comeback as the leading woman in "The Good Wife," her agency said Wednesday.The upcoming tvN drama will be her first soap opera role in 11 years, Management Soop said.In the South Korean remake of the popular American series of the same name, Jeon will play Hyekyeong, a housewife who resumes her career as a defense attorney after her husband lands in prison on corruption charges."I'd been wanting to get out of my comfort zone when they asked me to
TelevisionFeb. 24, 2016
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Kerry: THAAD not necessary if N. Korea is denuclearized
The only reason for the United States and South Korea to consider deploying the THAAD missile defense system is because of North Korean threats, and the system won't be necessary if the communist nation is denuclearized, U.S. Secretary of State John Kerry said Tuesday."We have made it very clear that we are not hungry or anxious to deploy THAAD," Kerry said during a joint news conference after talks with Chinese Foreign Minister Wang Yi."The only reason for THAAD being in consultation ... is bec
World NewsFeb. 24, 2016
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After strong rookie year, Pirates' Kang Jung-ho says he has more
By most accounts, South Korean infielder Kang Jung-ho had a successful rookie year with the Pittsburgh Pirates in 2015.The first position player to jump from the Korea Baseball Organization (KBO) to Major League Baseball (MLB), Kang batted.287/.355/.461 with 15 home runs and 58 RBIs, en route to finishing third in the National League Rookie of the Year voting. Had it not been for a season-ending leg injury in September, Kang, the NL Rookie of the Month for July, surely would have put up better n
BaseballFeb. 24, 2016
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Rangers' Choo Shin-soo proud to see more Koreans in majors
It wasn't all that long ago that Choo Shin-soo, a veteran entering his ninth full season in the majors, was the only South Korean on baseball's ultimate stage.Things have changed dramatically over the past few years. And in 2016, aside from the Texas Rangers' outfielder, there could be as many as seven other South Koreans on big league rosters at the start of the season.As the Rangers' position players reported to spring training here in Arizona on Tuesday, Choo said he was proud to see so many
BaseballFeb. 24, 2016
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Host Korea to miss 2 Olympic champs at sprint speed skating worlds
South Korea will be without its two Olympic champions when it hosts speed skating's premier sprint competition this weekend.The International Skating Union (ISU) World Sprint Speed Skating Championships will be held Saturday and Sunday at Taereung International Skating Rink inside the National Training Center in Seoul.Skaters will each enter two 500 m races and two 1,000 m races across those two days. Their times will be converted to points using the samalog system, in which the points for the 5
Olympic GamesFeb. 24, 2016
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U.S., China make important progress in U.N. sanctions negotiations on N. Korea
The United States and China have made important progress in negotiations to adopt a U.N. Security Council resolution imposing sanctions on North Korea for its nuclear and missile tests, the countries' top diplomats said Tuesday."I would like to tell you that important progress has been made in the consultations, and we're looking at the possibility of reaching an agreement on the draft resolution and passing it in the near future," Foreign Minister Wang Yi said during a joint news conference aft
World NewsFeb. 24, 2016
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U.S. gallery to hold 'Korea Day' event
An art gallery in Washington plans to hold a "Korea Day" event in May to offer visitors an opportunity to explore the richness of Korean culture through hands-on activities, games and learning experiences, a gallery official said.The Freer Sackler Gallery, which is part of the Smithsonian, will hold the event on May 7, said Katie Ziglar, external affairs director of the gallery, during a press briefing. It will be the gallery's second annual Korea Day event, she said.The event will offer activit
World NewsFeb. 24, 2016
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Kaesong's closure can open door to reform of N. Korea's command
The shutdown of an inter-Korean industrial complex in North Korea may not change Pyongyang's nuclear and missile development, but it can open the door to reform of the country's command economy, a U.S. expert said.William Brown, an adjunct lecturer in the Georgetown University School of Foreign Service, made the point in a recent article carried by the North Korea-monitoring website 38 North, arguing that the Kaesong industrial complex helped keep alive the North's state enterprises and command
World NewsFeb. 24, 2016
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Americans picks N. Korea as their greatest enemy nation
Americans consider North Korea their greatest enemy country, a survey showed Tuesday, the first time in 11 years that the communist nation has topped the list.About 16 percent of the respondents in the Gallup survey picked the North when asked which one country they consider the United States' greatest enemy today, followed by Russia with 15 percent, Iran with 14 percent and China with 12 percent.Some 5 percent of the respondents picked countries where the militant group Islamic State operate.Th
World NewsFeb. 24, 2016
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U.S. Pacific commander: China's attempt to wedge itself
China's opposition to the potential deployment of the U.S. THAAD missile defense system to South Korea is "preposterous" as it amounts to wedging itself between Seoul and Washington over a defensive system, the U.S. Pacific commander said Tuesday."I find it preposterous that China would try to wedge itself between South Korea and the United States for a missile system designed to defend Americans and Koreans on the peninsula," Adm.Harry B. Harris Jr., commander of the U.S. Pacific Command, said
World NewsFeb. 24, 2016
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Kerry to meet with China FM for crucial talks about N. Korea sanctions
U.S. Secretary of State John Kerry was to meet with Chinese Foreign Minister Wang Yi on Tuesday for talks expected to focus on ironing out differences over how strongly to sanction North Korea for its nuclear and missile tests.For more than a month since the North's nuclear test, the U.S. Security Council has been struggling in negotiations to come up with a new sanctions resolution on the North because China has been reluctant to impose harsh measures on Pyongyang. Amid the deadlock, the North
World NewsFeb. 24, 2016