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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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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 shares trade higher in morning trading
Korean share prices rose more than a 1 percent higher on Tuesday morning as investor sentiment was boosted by the possibility that the eurozone may roll out fresh stimulus measures in March.The benchmark Korea Composite Stock Price Index traded 1.21 percent higher at 1884.71 as of 11:37 a.m. Seoul shares trade higher in morning trading (Yonhap)The index was led by rising tech shares, with Samsung Electronics adding nearly 1.5 percent and LG Electronics moving up more than 3 percent. LG Display i
Feb. 16, 2016
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Korea's exports tumble 18.8% in January
Korea's exports plunged at the fastest pace in six and a half years last month as global demand was hit hard by persistent low oil prices and a slowdown in China, customs data showed Tuesday.The country's outbound shipments stood at $36.6 billion in January, down 18.8 percent from a year earlier, extending the losing streak to 13 months, according to data compiled by the Korea Customs Service.The January figure marked the biggest on-year drop since August 2009 when exports nosedived 20.9 percent
Feb. 16, 2016
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Korean tycoons to attend China’s Boao Forum
Samsung Electronics vice chairman Lee Jae-yong and SK Group chairman Chey Tae-won have accepted invitations to attend the 2016 Boao Forum scheduled to kick off next month, in a move to expand business ties amid growing geopolitical tensions. Samsung Electronics vice chairman Lee Jae-yong SK Group chairman Chey Tae-wonAccording to industry sources, they will take part in the event known as the Asian version of Switzerland’s Davos Forum to share their views with other global business leaders as we
IndustryFeb. 16, 2016
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Microsoft Korea names ex-Samsung SDS CEO as new chief
Microsoft Korea said Monday it has named Afred Koh, former Samsung SDS CEO, as new country chief. Koh, 58, has more than 30 years of experience in the tech scene while working at global companies such as Samsung SDS and IBM. Prior to taking the helm of Samsung SDS, the IT solutions unit of Samsung Group, he served at planning, marketing and public business divisions of the company. Microsoft Korea said he is also joining the “leaders’ group” at the headquarters as one of the key management mem
TechnologyFeb. 16, 2016
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Western brands want in on K-beauty action
Diem Xuan Nguyen was instantly hooked on cushion foundations when a Korean friend of her mother gave one to her last year."I love how light it felt, especially in the summer," said the 27-year-old Vietnamese-American living in Seoul. "Foundations can be like a layer of ganache, but a cushion is like a souffle. The downside is coverage and shade range -- not much beyond 'pale' and 'darker pale.'"In layman's terms, foundation is the skin-colored makeup that renders your skintone even and complexio
Arts & DesignFeb. 16, 2016
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Astronergy Solar Korea expands CSR programs
Solar power equipment-maker Astronergy Solar Korea aims to become a model social contributor in the solar power industry by expanding its corporate social responsibility efforts. The company, which specializes in developing solar modules for renewable energy, is a subsidiary of Chint Group, a major Chinese industrial electrical equipment producer. Astronergy Solar Korea president Chang Jyh PingSince 2011, Astronergy Solar Korea has taken part in corporate social programs including funding the a
IndustryFeb. 16, 2016
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Google’s AlphaGo to take on world baduk champion in Seoul
Google’s baduk-playing software AlphaGo will battle the world’s Go champion Lee Se-dol next month in Seoul. The five-match game, which will have a $1 million prize, will start on March 9 and the matches will be broadcast live on YouTube.Artificial intelligence AlphaGo successfully beat the three-time European baduk, or Go, champion Fan Hui 5-0 in a series of games in October. Lee, 32, is currently the highest-ranked Go player in the world. He turned pro in 1996 at the age of 13 and has a 71.8 pe
TechnologyFeb. 16, 2016
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KT to offer holograms, 360-degree VR at 2018 Winter Olympics
KT, the official telecom operator for the upcoming 2018 PyeongChang Winter Olympics, on Monday demonstrated hologram and 360-degree virtual reality video services that would be running on its fifth-generation network technology. Its 360-degree VR will offer real-time multichannel content, allowing viewers around the world to see games from any angle they want at home. The “Sync View” technology features a tiny camera on a wireless network module that will be attached to individual athletes and l
TechnologyFeb. 16, 2016
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One more victim of Japan's wartime sex slavery dies
Another South Korean woman who was forced into sexual slavery for Japanese soldiers during World War II has died, a civic group said Tuesday, the latest since Seoul and Tokyo reached a controversial agreement on the issue last year.The deceased, surnamed Choi, died Monday at the age of 90, according to the Korean Council for the Women Drafted for Military Sexual Slavery by Japan.Her death drops the number of surviving victims to 45. In 2015, nine former sex slaves died.Only 238 women have regist
Social AffairsFeb. 16, 2016
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U.N. rapporteur calls for notifying N.K. leader of possible investigation for 'crimes against humanity'
The U.N. special rapporteur on North Korea's human rights situation called on the U.N. Human Rights Council to officially notify North Korean leader Kim Jong-un that he may be investigated and held accountable for crimes against humanity.Marzuki Darusman made the remark in a report to the council disclosed Monday, saying the human rights situation in the North has not improved and the crimes against humanity documented by a U.N. Commission of Inquiry appear to be ongoing.The special rapporteur "
North KoreaFeb. 16, 2016
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U.N. Security Council making progress in negotiations to adopt N.K. sanctions resolution: source
The U.N. Security Council is making progress in efforts to put together a new sanctions resolution on North Korea, a U.N. source said Monday, suggesting that the United States and China are narrowing differences.But the source said, however, it's unclear when a resolution would be adopted as differences still remain.For more than a month since the North's nuclear test, the Security Council has been struggling in negotiations to come up with a new sanctions resolution on the North because China h
North KoreaFeb. 16, 2016
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Obama expected to use summit with ASEAN to drum up support for pressure on N. Korea
U.S. President Barack Obama was to host leaders of Southeast Asian nations in a special summit opening in California on Monday as the United States has been seeking to drum up international support for pressure on North Korea.The two-day meeting with the leaders of the 10-member Association of Southeast Asian Nations is part of efforts to further bolster U.S. relations with Asian countries under Obama's trademark "rebalance" or "pivot" to Asia policy in the face of a rising China.On Feb. 7, Nort
North KoreaFeb. 16, 2016
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Korea most likely candidate to go nuclear in Northeast Asia: U.S. expert
South Korea is the most likely candidate to go nuclear in Northeast Asia in the face of nuclear threats from North Korea, but Seoul is unlikely to do so as long as the U.S. security commitment to the Asian ally remains firm, a U.S. expert said.Mark Fitzpatrick, a nonproliferation expert who heads the U.S. office of the London-based International Institute for Strategic Studies, made the observation in his new book, "Asia's Latent Nuclear Powers: Japan, South Korea and Taiwan."Fitzpatrick said th
DefenseFeb. 16, 2016
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With more foreigners in court, interpretation services at premium
With a growing number of foreign nationals facing trial in South Korea, interpretation services are increasingly at a premium, though there appears to be much room for improvement in their quality and interpreters' working conditions. According to the Supreme Court on Monday, 3,789 foreigners faced criminal trials in South Korea in 2014, up from 3,243 in 2012. The figure doesn't include civil or family court cases.By the Supreme Court's count, there were 1,736 registered interpreters for 29 lang
Social AffairsFeb. 16, 2016
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McDonald’s to open Asia’s 1st alcohol-selling outlet in Korea
McDonald’s Korea’s Signature Burger outlet in Seoul (McDonald’s Korea)McDonald’s Korea said Monday that it will open its first Asian outlet serving beer later this month in Pangyo Techno Valley, Gyeonggi Province. The new outlet with 90 seats will serve glasses of OB Premier draught beer exclusively with the company’s customizable gourmet “signature burger” menu. “We have concluded that it is time for a ‘burmaek’ (a compound of ‘burger’ and ‘maekju’ -- beer in Korean), just as Korea has become t
IndustryFeb. 15, 2016
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Dongbu Steel seen closer to stock market delisting
Dongbu Steel is thought to be heading toward a delisting from Korea’s main stock exchange, as the debt-saddled steelmaker’s prospects of escaping from a prolonged state of capital erosion grow increasingly dim. Shares in Dongbu plunged by the daily limit of 30 percent to 2,500 won on the main KOSPI bourse Monday on news that the ongoing efforts by creditors to sell control of the firm is likely to fail due to apparent lack of bidders. Dongbu Group headquarters in southern Seoul (Yonhap)The sale
Feb. 15, 2016
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First 'Silk Road' train arrives in Tehran from China
TEHRAN -- The first train to connect China and Iran arrived in Tehran on Monday loaded with Chinese goods, reviving the ancient Silk Road, the Iranian railway company said.The train, carrying 32 containers of commercial products from eastern Zhejiang province, took 14 days to make the 9,500-kilometre (5,900-mile) journey through Kazakstan and Turkmenistan."The arrival of this train in less than 14 days is unprecedented," said the head of the Iranian railway company, Mohsen Pourseyed Aqayi."The r
World NewsFeb. 15, 2016
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Nat'l anti-doping agency to oversee drug testing for professional sports
South Korea's national anti-doping body said Monday it will oversee drug testing for all major professional sports starting this year, taking over the reins from the respective leagues.The Korea Anti-Doping Agency (KADA) said it will strive for "transparent testing procedures and reasonable degree of punishments."Until now, governing bodies for professional baseball, football, golf, volleyball and basketball came up with their own doping test protocols and imposed penalties on violators through
More SportsFeb. 15, 2016
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[KOSDAQ Star] Kakao’s sprawling mobile empire yet to prove profitable
This is the second in a series of articles analyzing the top 10 companies by market capitalization traded on the tech-heavy KOSDAQ market. --Ed. From online to mobile and back to off-line, Kakao’s empire of content, apps and services seems to know no limit. With a mobile messenger app almost ubiquitous among smartphone users and the country’s second-largest Web portal, the company is expanding at a breakneck pace through mergers and acquisitions and experimenting with new revenue models from its
Feb. 15, 2016
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N. Koreans at joint industrial park unable to make ends meet: defector
North Korean workers at the Gaeseong Industrial Complex were struggling to make ends meet with most of their wages taken away by the government, a defector from the country claimed Monday.The comments by Kim Tae-san, former official at Pyongyang's Ministry of Light Industry, came less than a week after South Korea shut down the joint industrial park in response to North Korea's recent nuclear test and long-range rocket launch. The North, in turn, expelled South Korean workers and froze South Kor
North KoreaFeb. 15, 2016