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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Seoul city expects economically active people down, elderly citizens up in 2033
In 2033, the Seoul metropolitan city will have already been a super-aged society for more than seven years, where the elderly population of 65 years and older will account for 25.3 percent of the city's total 10 million population. According to a population outlook for 2033 released by the Seoul government on Tuesday, the number of aged people in the capital city will reach 2.39 million in 2033, up from 1.08 million in 2013.The report said that the city's senior population will break the 20-perc
Social AffairsFeb. 16, 2016
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Gov't to toughen punishment on overcharging taxi drivers
The Cabinet approved a law revision Tuesday to toughen the punishment for taxi drivers who rip off passengers.Under the revision, a taxi driver who is caught three times for overcharging a customer will face the maximum punishment of having his business license nullified.Previously, a taxi driver who was caught overcharging a passenger for the first time was subject to license revocation for 60 days, a second-strike offender for 90 days, and a third-time offender for 180 days. The revision still
Social AffairsFeb. 16, 2016
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Ruling party wary of whip’s nuclear armament proposal
Lawmakers of the ruling Saenuri Party remained wary of floor leader Rep. Won Yu-chul’s argument that South Korea needs to be armed with nuclear weapons for self-defense against North Korea’s threats. Rep. Won Yu-chul (Yonhap)While some supported the whip’s controversial statement Monday as he delivered his first floor speech at the plenary session, some others distanced themselves, saying it was Won’s personal opinion. Won’s former running mate, chief policymaker Rep. Kim Jung-hoon was one of
PoliticsFeb. 16, 2016
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POSCO files defamation suit against employee
POSCO filed a defamation lawsuit against a former senior company official Monday, a rare move by the nation‘s top steelmaker stressing family values in its corporate culture.An employee passes by the corporate logo of POSCO. Bloomberg Jeong Min-woo, former leader of external relations who was in charge of dealing with government affairs, has organized a one-person demonstration with a picket reading “Dear President, Save POSCO’’ near the presidential residence in central Seoul, since Feb. 5.
IndustryFeb. 16, 2016
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[NEWS FOCUS] Applause, sighs: Park draws mixed reactions
President Park Geun-hye’s Tuesday address at the National Assembly was filled with moments that showcased the conservative leader’s relentless conviction to push her agenda, a move that was met with bitter response from opposition lawmakers. The president devoted most of her 30-minute speech to making the case that South Korea must be united against North Korea’s increased security threat following its nuclear test and rocket launch, which Seoul and its allies view as a disguised test for balli
PoliticsFeb. 16, 2016
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Forensics conduct autopsy of murdered girl
The state-run forensics service Tuesday carried out an autopsy on the body of a 7-year-old girl who was beaten to death by her mother five years ago. Police officials from South Gyeongsang Province, who have been investigating the case, requested late Monday that the National Forensics Service check the body for the exact cause of death. The girl’s body was found earlier in the day, after her 42-year-old mother, surnamed Park, had confessed to tying up her then 7-year-old child and beating her t
Social AffairsFeb. 16, 2016
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Prosecutors consider murder charge in toxic humidifier disinfectant probe
South Korean prosecutors are speeding up their probe into the toxic humidifier disinfectants that killed at least 95 people and injured 221, mostly pregnant women and children. The prosecution on Monday searched premises of toxic humidifier disinfectant manufacturers and distributors, and secured product supply records and ingredient analysis documents. The investigation includes local companies HomePlus and Lotte Mart, and manufacturer Reckitt Benckiser, which produced Oxy Ssak Ssak, the produc
Social AffairsFeb. 16, 2016
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Chinese envoy reiterates opposition to THAAD
China’s vice foreign minister on Tuesday once again expressed the country’s opposition to an envisaged stationing of advanced U.S. missile assets on the peninsula, calling for Seoul’s “prudent” conduct. Zhang Yesui was in Seoul for the annual Strategic Dialogue with South Korean Vice Foreign Minister Lim Sung-nam, which was designed to confer on North Korea, bilateral, regional and world issues. China’s Vice Foreign Minister Zhang Yesui is greeted by South Korean Foreign Minister Yun Byung-se in
Foreign AffairsFeb. 16, 2016
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Prosecutors raid KT&G over slush fund allegations
Prosecutors said on Tuesday they recently raided the headquarters of the nation’s only tobacco maker KT&G over allegations it created slush funds.The Seoul Central District Prosecutors’ Office said it raided the marketing team of KT&G and 10 other companies that had contracts with the cigarette maker. KT&G headquarters in Southern Seoul. (Yonhap)KT&G is suspected of creating slush funds while signing contracts with advertising companies. Prosecutors said they are not ruling out the involvement
IndustryFeb. 16, 2016
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‘Sex slave defamation’ author wages to be seized
A Seoul court has ordered the author of a controversial book on “comfort women” to have her wages seized, legal sources said Tuesday, following last month’s ruling that ordered the defendant to compensate nine victims of Japan’s wartime sexual slavery.Park Yu-ha, the author of “Comfort Women of the Empire,” was found guilty of defamation and infringement of human rights against surviving comfort women last month, and was ordered to pay them 90 million won ($73,900) in compensation. The nine plai
Social AffairsFeb. 16, 2016
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'Get ready for action'
From fantasy, action to science fiction and adventure, 4:33 Creative Lab, a Korean mobile game publishing company, introduced a variety of mobile genre games for 2016 at its media event in Seoul on Tuesday. With cinematic storylines and soundtracks, high-quality 3-D graphics and realistic sound effects of bullets and ancient sword fighting, a total of 18 games will be launched on a quarterly basis, starting with the long-awaited “Lost Kingdom” next week. “Lost Kingdom” is a fantasy action role-p
FilmFeb. 16, 2016
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Daewoo E&C wins $82m deal in Ethiopia
Daewoo Engineering & Construction said Tuesday it has inked an $82 million deal to construct a highway in Ethiopia. Daewoo was commissioned by a state-run road management company in Ethiopa to design and build a 37-kilometer, four-lane highway that links the two regions of Meki and Zeway.The project will be financed through loan programs offered by the Seoul government-run Economic Development Cooperation Fund and the African Development Bank, Daewoo said.The builder said it hopes the new road w
IndustryFeb. 16, 2016
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Ladies’ Code to make comeback
Korean girl group Ladies’ Code is poised to make a comeback with their mini album “Mystery” on Feb. 24, according to its agency Polaris Entertainment on Tuesday.The group had been involved in a car accident on Sep 4. 2014 in which two of their members, RiSe and EunB, suffered fatal injuries. EunB died at the scene of the accident while RiSe died three days later due to head injuries. Sojung was also badly injured but recovered. “The remaining three members have weathered hard times and braced fo
PerformanceFeb. 16, 2016
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Shinhwa to hold 18th anniversary concert
Korea’s longest running male group Shinhwa will hold a concert to celebrate its 18th anniversary. (Shinhwa Company)The upcoming show, titled “Hero,” will take place on March 26-27 at the Olympic Park Gymnastics Arena in Seoul.“We really appreciate the love of our fans. Hope everyone enjoys the show. All members are passionately preparing for special performances to satisfy their expectations,” said its agency, Shinhwa Company.Shinhwa held concerts in March and August last year to celebrate their
PerformanceFeb. 16, 2016
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Japan economy shrinks during Q4 in body blow for 'Abenomics'
Japan's economy contracted in the last quarter of 2015, official data showed Monday, dealing another blow to Prime Minister Shinzo Abe's faltering bid to boost growth.The figures will fan talk of fresh Bank of Japan measures, after policymakers shocked markets last month with an unprecedented negative interest rate policy -- widely seen as a desperate move to kickstart the world's number three economy.Weak demand for big-ticket items like cars and home appliances held back the vast economy which
Feb. 16, 2016
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[Hallyu Power] Seensee president talks state of Korea’s budding musical theater scene
Since its establishment nearly three decades ago, Seensee Company has grown into one of the country’s leading professional musical theater companies. It has introduced world famous musical products to local theatergoers over the years since it was first formed in 1987. These days, helmed by theater guru Park Myung-sung, Seensee continues to thrive as one of the leading forces in Korea’s musical and theater scene. Seensee Company president Park Myung-sung. (Seensee Company) “Although when you
PerformanceFeb. 16, 2016
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Japan overnight call rate falls to zero as BOJ policy kicks in
As the Bank of Japan began charging interest Tuesday on some deposits it holds, rates in the nation’s overnight interbank market are hovering around zero while banks try to catch up in setting negative interest rates on their systems.The unsecured overnight call rate fell to zero from the weighted average overnight call rate of 0.074 percent on Monday, according to Central Tanshi Co. “Trading in the unsecured overnight call market is centered around 0.001 percent with some at zero percent,” said
World BusinessFeb. 16, 2016
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Korean, Chinese smartphones to clash at MWC
Desperate to expand their global presence, South Korean and Chinese smartphone makers are likely to fight a pitched battle to steal the show at the world's largest tech exhibition in Spain next week, industry watchers said Tuesday.The four-day Mobile World Congress is slated to kick off in Barcelona next Monday, showcasing the latest mobile gadgets and next-generation technologies, and bringing together some 100,000 CEOs and officials from nearly 2,000 tech companies across the globe.LG Electron
IndustryFeb. 16, 2016
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Organica showcased at Tokyo Food Show
TOKYO -- Nutrition bars produced by Korean food company Organica Premium Whole Foods joined a lineup of Japanese products on display at the 50th Tokyo Supermarket Trade Show held here last week.“Made almost entirely of nuts, along with super foods such as Quinoa, our Honest Bars are designed to provide quick energy for consumers on the go,” said Choi Jung-hwi, CEO of Organica, which participated in the three-day event that kicked off on Feb.10. Organica’s Honest Bars on display at Tokyo Supermar
IndustryFeb. 16, 2016
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Kia launches new Mohave
KIA LAUNCHES NEW MOHAVE -- Kia Motors on Tuesday launched the new Mohave, a revamped version of the carmaker’s best-selling large sports utility vehicle. The new Mohave has several improved features that include a V6 3.0 diesel engine supporting the strengthened Euro 6 emission regulations. The pricetag on the new Mohave starts from 40.2 million won ($29,780). (Kia Motors)
MobilityFeb. 16, 2016