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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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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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U.S., China making progress in talks to adopt sanctions on North Korea
The United States and China are moving forward in talks to adopt a new U.N. Security Council resolution imposing sanctions on North Korea for its nuclear and missile tests, the U.S. national security advisor said."China is obviously a critical player at the United Nations and it, too, has choices to make. We have had ongoing discussions with the Chinese in New York. President Obama has spoken to President Xi. I think these discussions are progressing," National Security Advisor Susan Rice said a
North KoreaFeb. 17, 2016
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Key N. Korean Web sites restored after hours of shutdown
Key North Korean Web sites shut down for hours before recovering accessibility on Tuesday possibly due to a cyberattack, a source said.The Web sites of North Korea's two key official news outlets -- Rodong Sinmun and Korean Central News Agency -- had been inaccessible from Tuesday morning before restoring connectivity at around 5:00 p.m. that same day. They were the only North Korean Web sites that went down during the outage, with the country's other official Internet sites operating normally d
North KoreaFeb. 16, 2016
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BOK sees room for more rate cuts, but wary
Bank of Korea Gov. Lee Ju-yeol said Tuesday that he saw room for further monetary easing to rejuvenate growth, but was not convinced that an additional interest rate cut would spur consumption and investment under the current circumstances. Bank of Korea headquarters in Seoul (Bloomberg)Meeting reporters after the central bank’s rate-setting board decided to freeze the base rate as widely expected, Lee said a further rate reduction from the current record-low level must be considered with cauti
Feb. 16, 2016
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[Newsmaker] Pope Francis asks indigenous Mexicans for forgiveness
SAN CRISTOBAL DE LAS CASAS, Mexico (AFP) -- Pope Francis reached out to Mexico’s long-marginalized indigenous population on Monday, asking for forgiveness over their exclusion as he celebrated an open-air mass in native languages in impoverished Chiapas state. Pope Francis waves upon his arrival for a meeting with families at the Victor Manuel Reyna stadium in Tuxtla Gutierrez, southern Mexico on Monday. (AFP-Yonhap)While Chiapas is the country’s least Catholic state, tens of thousands of people
World NewsFeb. 16, 2016
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GS Home Shopping says hedge fund’s dividend demand ‘excessive’
Controversy mounted over a rare demand for dividends by a U.S. hedge fund to GS Home Shopping on Tuesday as the Korean multimedia retailer vowed to defend such moves legally.An official at GS Home Shopping told local media that SC Fundamental’s request to increase cash dividends for shareholders was “excessive” and it would undermine the company’s efforts to survive deteriorating market conditions. “To meet SC Fundamental’s demand, we have to spend 80 percent of net profit for dividends which is
IndustryFeb. 16, 2016
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[Graphic News] Seoul on course to become super-aged by 2033
Due to a low birthrate and increased life expectancy, the number of senior citizens in Seoul will reach 2.393 million by year 2033, statistics showed Tuesday.This means that by that time 1 out of every 5 citizens will be aged 65 years or older, according to the report released by the Seoul Metropolitan government.The median age will consequently rise, from the current 39 as of 2013 to 48.6 in 2033.The city’s number of economically active people aged between 15 and 64 will continue to decline fro
Social AffairsFeb. 16, 2016
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China supports new U.N. resolution on North Korea
China said Tuesday it supports a U.N. resolution against North Korea's nuclear test and long-range rocket launch this year, although it is still unclear how far Beijing will go in punishing its isolated ally Pyongyang.China's foreign ministry spokesman Hong Lei made the remarks when asked about the outcome of the Tuesday talks in Seoul between South Korean Vice Foreign Minister Lim Sung-nam and his Chinese counterpart Zhang Yesui. U.N. Security Council members remain divided over how to punish N
North KoreaFeb. 16, 2016
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China hails late North Korean leader on birthday anniversary
China praised the late North Korean leader Kim Jong-il on Tuesday on the anniversary of his birth, saying he made important contributions in developing ties with China. The former North Korean leader, father of current leader Kim Jong-un, died of heart failure in December 2011, after his iron-fist rule and pursuit of nuclear weapons stoked regional tensions for more than a decade. Asked whether China sent a congratulatory message on the anniversary of the birth of the late North Korean leader, C
North KoreaFeb. 16, 2016
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Banks, brokerages compete over new savings accounts
Local banks and brokerage firms are rushing to attract more customers ahead of a new regulation that would allow the entry of a new savings product entailing bigger tax benefits, industry sources said Tuesday. (Yonhap)Starting from March 14, lenders and securities companies will be able to introduce the tax-exempt Individual Savings Account.With the ISA, users can manage a broad range of financial products including cash deposits, funds and stock investment accounts, from a single account. The g
BusinessFeb. 16, 2016
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[Super Rich] CJ chairman’s media-related stock wealth surges
Korean conglomerate CJ Group, which has a reputation as a leading food and consumer product manufacturer, is now prospering in the media and entertainment business.Ten years ago, the media and entertainment sector made up only 11 percent of the conglomerate’s total revenue, but since 2011, this proportion has increased to 18 percent and is inching towards the 20-percent mark. The operating profit from this business segment has also increased by 24 percent over the past four years, which totals u
IndustryFeb. 16, 2016
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World’s first braille smartwatch to debut at MWC
The world’s first braille smartwatch, developed by a Korean start-up, will make its debut at the upcoming Mobile World Congress, the telecom industry’s largest gathering in Barcelona next week. According to the developer Dot, the device has 30 braille dots on the watch face so that blind people can send text messages without limitations. Thanks to a special module set that has drastically reduced the size of the device, the price has also become affordable at about $300. While the current voice
TechnologyFeb. 16, 2016
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Telecom carriers to offer faster tri-band LTE service from March
The nation’s top three telecom carriers – SK Telecom, KT and LG Uplus – plan to offer the world’s fastest tri-band LTE service from March when updated handsets are launched.The breakthrough comes as they have succeeded in applying the 256 Quadrature Amplitude Modulation or QAM software technology that bundles more bits into the spectrum being used. According to LG Uplus Tuesday, the application, the first of its kind in the world, will enhance data transmission speeds and network capacity by abo
TechnologyFeb. 16, 2016
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[Robert J. Fouser] Fragility of international cooperation
Since the late 2000s, news coming out of Europe has been negative. The financial crisis of 2008 hit Europe hard. Concerns over high debt levels in Greece, Ireland, Portugal, and Spain raised speculation that Greece might be forced to leave the euro. Fiscal austerity measures devastated these already weakened economies and nearly caused the collapse of the Greek economy. Terrorist attacks in Paris and a wave of refugees from Syria stoked fears of a nationalist backlash against immigrants. A refe
ViewpointsFeb. 16, 2016
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[Kim Seong-kon] Korea’s friendship with Southeast Asia
North Korea has done it again. This trigger-happy country, which keeps turning a deaf ear to warnings from the international community, launched a missile again recently, this time a long-range one. South Koreans wonder why the United States let this happen, even as Washington aggressively pressured Iran to give up its nuclear weapon program. Once again, China did not seem particularly enthusiastic about sanctioning its unruly neighbor. It is well known that China does not want to see North Kor
ViewpointsFeb. 16, 2016
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[Editorial] Aid for Gaeseong firms
The government is working hard to provide assistance to the companies that operated in the suspended Gaeseong Industrial Complex, but officials of these companies are complaining about insufficient government measures to compensate for their losses. The government has formed a special task force consisting of officials from relevant ministries. The team has come up with a package of measures after holding one-on-one consultations with all of the 123 companies that have factories in Gaeseong. The
EditorialFeb. 16, 2016
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[Editorial] Pressure on China
South Korea and the United States are rushing to mete out strong unilateral sanctions on North Korea, stepping up pressure on China to move toward tougher U.N. Security Council sanctions against the rogue state for its nuclear and missile provocations. Following Seoul’s surprise decision on Feb. 8 to shut down the Gaeseong industrial complex, the United States Congress approved a package of stringent sanctions against the North with unusual swiftness. The U.S. House of Representatives passed t
EditorialFeb. 16, 2016
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Seoul shares jump 1.4% on recovery hopes
Korean stocks soared 1.4 percent Tuesday as foreigners and institutions loaded up on shares on rising hopes for a global economic recovery. The local currency closed lower against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 26.10 points to close at 1,888.30. Trading volume was moderate at 380.9 million shares worth 4.21 trillion won ($3.46 billion), with winners far outnumbering losers 672 to 162.Analysts said Seoul shares gained sharp ground amid growing hopes
Feb. 16, 2016
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[Photo News] POSCO's ties with Argentina
POSCO’S TIES WITH ARGENTINA --- POSCO chairman Kwon Oh-joon (left) poses with Mauricio Macri, president of Argentina, and Choo Jong-youn, Korean ambassador to Argentina, at the presidential office in Buenos Aires on Tuesday, after discussing expansion of business ties between the Korean steelmaker and Argentina. The meeting was set up after POSCO broke ground on its first lithium extracting plant in Salta, Argentina, Sunday. (POSCO)
BusinessFeb. 16, 2016
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Park: Nuclear ambitions will hasten N.K.'s demise
President Park Geun-hye on Tuesday urged national unity and strong sanctions against North Korea’s provocations, saying Pyongyang will eventually deploy nuclear-loaded missiles unless Seoul and the international community take effective containment measures.“We should no longer be deceived or threatened by North Korea, nor offer unconditional support in submission to its provocations,” the president said in her special speech delivered at the National Assembly.“Now is the time to seek fundamenta
PoliticsFeb. 16, 2016
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U.S. to fly stealth fighters
The U.S. plans to dispatch four radar-evading F-22 fighter jets to the peninsula on Wednesday in another show of strength after North Korea’s recent nuclear and missile provocations, military officials here said Tuesday. The Raptor wing is expected to scramble from the U.S.’ Kadena air base in Okinawa or the Yokota base in western Tokyo, which received 12 F-22s late last month. “The U.S. is likely to send its strategic weapons step by step according to its road map, depending on how the situatio
DefenseFeb. 16, 2016