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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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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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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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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Economic uncertainty spurs real estate investment
Despite growing global fears over economic uncertainty, cross-border direct real estate investments in major cities around the world are expected to increase this year, drawing a comparison with shaky stock and bond markets, according to experts.Explaining the attractive nature of direct real estate investment, Alistair Meadows, Asia-Pacific head of International Capital Group within global real estate service firm Jones Lang LaSalle, and David Green-Morgan, director of Global Capital Markets Re
CompaniesFeb. 15, 2016
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Import prices plunge to 8-year low in Jan.
Korea’s import prices fell to the lowest level in over eight years in January on declining crude oil prices, central bank data showed Monday.The import price index came to 75.16 last month, the lowest since the 74.86 posted in October 2007, according to preliminary data from the Bank of Korea. Cargo is seen at Busan Port in Korea. (Yonhap)The January figure also marks a 1.3 percent drop from the previous month, quickening from a revised 1.1 percent on-month drop in December. From last year, it m
Feb. 15, 2016
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Seoul shares open higher on New York gains
Korean share prices opened in the positive on Monday following gains in New York last week.The benchmark Korea Composite Stock Price Index rose 18.62 points, or 1.01 percent, to 1,853.90 in the first 15 minutes of trading. An electronic board at the Korea Exchange in Seoul shows stocks changing hands. (Yonhap)The KOSPI was trading 1.54 percent higher at 1863.57 points as of 10:58 a.m.On Friday, the Dow Jones industrial average added 2 percent to finish at 15,973.84, while the tech-heavy Nasdaq r
Feb. 15, 2016
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N.K. leader calls for launching more satellites
North Korean leader Kim Jong-un has called for launching more satellites as Pyongyang launched a long-range rocket carrying what it claimed is an earth observation satellite last week, the North's state media said Monday.The North's leader offered words of encouragement to scientists, technicians and officials who contributed to the successful launch of its satellite, named Kwangmyongsong-4, at a banquet on Saturday, according to the Korean Central News Agency.The leader "called for turning out
North KoreaFeb. 15, 2016
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Korea's Lee Seung-hoon takes world speed skating title in mass start
South Korea's Lee Seung-hoon captured his first world speed skating title in mass start with a late burst in Russia on Sunday.Lee won the men's mass start at the International Skating Union World Single Distances Speed Skating Championships in Kolomna, Russia, in 7 minutes, 18.26 seconds. Lee beat the defending champ, Arjan Stroetinga of the Netherlands, by 0.06 second, to become the first South Korean, male or female, to win a world title in a race other than 500m.Alexis Contin of France finish
More SportsFeb. 15, 2016
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U.S. presidential runner Rubio says North Korea, China 'No. 1' threat
The No. 1 challenge the United States is facing right now is how to cope with threats posed by North Korea and China, Republican presidential runner Marco Rubio said.Rubio made the remark during a Republican presidential candidate debate Saturday night, putting the North Korean issue ahead of Middle Eastern problems and tensions with Russia."I think there are three major threats that you want to immediately get on top of. No. 1 is, what are we doing in the Asia-Pacific region, where both North K
North KoreaFeb. 15, 2016
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North Korea's KN-08 ICBM has potential to hit much of U.S.: Pentagon report
North Korea's KN-08 intercontinental ballistic missile would be capable of hitting much of the United States if it is successfully designed and developed, a U.S. Defense Department report has shown.The report said, however, that the KN-08's reliability as a weapon would be low as it has not been tested yet. The report, titled "Military and Security Developments involving the Democratic People's Republic of Korea" was submitted to Congress on Friday."If successfully designed and developed, the KN
North KoreaFeb. 15, 2016
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Korea, China vice FMs to meet in Seoul
Vice foreign ministers of South Korea and China will meet in Seoul this week to discuss pending issues between the two countries, the South Korean foreign ministry said Monday.Vice Foreign Minister Lim Sung-nam will meet his Chinese counterpart, Zhang Yesui, in the 7th Strategic Dialogue between vice foreign ministers of the two countries Tuesday, the Ministry of Foreign Affairs said. The meeting comes amid a deepening chasm between the two neighbors over how to deal with North Korea's latest nu
Foreign AffairsFeb. 15, 2016
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Korea needs to consider quitting NPT: former ruling party leader
South Korea should consider breaking away from a treaty on the non-proliferation of nuclear weapons, a former ruling party leader said Sunday, arguing the country fell into a "state of national emergency" following North Korea's latest nuclear and missile tests."It is an empty cry at the weak and self-deception for South Korea to stick to the Joint Declaration on Non-nuclear Korean Peninsula only to maintain our morally dominant position at a time when the gap between the two Koreas' asymmetric
North KoreaFeb. 15, 2016
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Park to address parliament on North Korean provocations
President Park Geun-hye will address the parliament this week to ask for its support in the face of recent North Korean provocations, lawmakers said Sunday.Park will make the speech at the National Assembly on Tuesday morning as floor leaders of the ruling Saenuri Party and the main opposition Minjoo Party of Korea agreed to accept her plan during a meeting at a Seoul hotel, lawmakers who also attended the talks said.In the speech, Park will call for national unity and the parliament's cooperati
North KoreaFeb. 15, 2016
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UN chief holds lead in Korean poll for presidential election
U.N. Secretary-General Ban Ki-moon would hold a substantial lead over South Korean politicians in the country's presidential race next year, a new poll showed Sunday, in the latest sign that he enjoys high popularity among South Koreans as a potential candidate.The poll, commissioned by Yonhap News Agency and public broadcaster KBS, found that Ban is a frontrunner with 28.3 percent of support.The former South Korean foreign minister is trailed by Moon Jae-in, a former leader of the main Minjoo P
PoliticsFeb. 15, 2016
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Majority of Koreans back Gaeseong industrial park closure: poll
More than half of South Koreans favor the government's decision to shut down an inter-Korean industrial complex in response to recent North Korean provocations, a poll conducted by Yonhap News Agency and KBS showed Sunday.In the nationwide phone survey on 1,013 adults aged 19 or older, 54.4 percent of the respondents said South Korea did well to close down the Gaeseong Industrial Complex, on the heels of North Korea's nuclear test and long-range rocket launch.In contrast, 41.2 percent said the G
North KoreaFeb. 15, 2016
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Korean tandem finish 7th at bobsleigh worlds
The South Korean two-man bobsleigh team of Won Yun-jong and Seo Young-woo finished seventh at the world championship in Austria on Sunday.Won, the pilot, and Seo, his brakeman, posted a time of 3 minutes, 27.12 seconds in four runs at the 2016 International Bobsleigh & Skeleton Federation World Championship in Innsbruck on Saturday.The duo was in seventh place after the first two runs of 1:43.51, and failed to move up in the standings over their final two runs.Francesco Friedrich and Thorsten Ma
More SportsFeb. 15, 2016
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eBay Korea ups support for cross-border trade
Trade Minister Joo Hyung-hwan tries his hand at locating Gmarket stock at eBay Korea’s overseas logistics center in Incheon on Jan. 21. eBay KoreaKorea’s largest e-commerce operator eBay Korea on Sunday vowed to continue leading cross-border trade by boosting support to small-scale domestic merchants to advance into the global market. “The online export market is expected to grow further as hallyu, or Korean wave, is spreading globally, and with the impact of free trade agreements,” said Koo Ja
IndustryFeb. 15, 2016
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Auto briefs
Ssangyong introduces new Korando -- Ssangyong Motors launched the 2016 Korando Tourismo Plus, a four-wheel drive sport utility vehicle with a new skid plate, alloy sports pedal, LED door scuff, tailgate LED lamp and many other new features. The price of the car starts from 29.8 million won ($25,000), and the buyers will be given a five-year or a 100,000-kilometer warranty in February. Jeep 75th anniversary lineup -- Fiat Chrysler Automobiles Korea announced that the company will release the 2016
MobilityFeb. 15, 2016
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Strong yen pulls Mazda’s plug to enter Korea: report
Japanese carmaker Mazda has reportedly scrapped its plan to advance into the Korean market after an internal assessment found that the strengthening Japanese yen exchange rate could reduce its potential profits by 10 percent. According to newspaper Asia Today, Mazda has recently withdrawn the plan to sell more than 5,000 units -- mostly sport utility vehicles such as the CX-5, alongside sedans Mazda 3 and Mazda 4-- here after partnering with an official Korean importer within this year. The soar
MobilityFeb. 15, 2016
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SM6 explores new standards in midsize sedan market
Driving shot of Renault Samsung‘s new midsize sedan SM6 RSM A series of new car launches by local car manufacturers this year are heating up the family sedan market. Renault Samsung, the local unit of French automaker Renault, jumped into the race last month by debuting SM6, the locally-adjusted version of Talisman, Renault’s premium midsize sedan. SM6 is a strategic new model with a mission to reclaim the status of Renault Samsung as the nation’s third largest automaker after Hyundai Moto
MobilityFeb. 15, 2016
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‘Spirits’ Homecoming’ to open after 14 years
Indie director Cho Jung-lae’s film “Spirits’ Homecoming,” about the ordeals of the former euphemistically labeled “comfort women,” has been in the making for nearly a decade and a half, written and prepared independently of the ever-changing tide of Korea-Japan relations. After years of struggling to secure investors and a distributor, the film is finally getting a theatrical release -- right when the issue of the Korean women who were forced to serve as sex slaves for Japanese troops has come b
FilmFeb. 14, 2016
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[Newsmaker] Conservative icon of American law
WASHINGTON (AFP) -- During the three decades he spent on the bench, Supreme Court Justice Antonin Scalia embodied the values conservative America holds most dear, from defending the traditional family, to religion and patriotism.The longest-serving justice on the current court, and its first ever Italian-American, Scalia was eulogized after his passing Saturday, aged 79, as a towering figure of intellectual rigor -- with powerful personal convictions to match.President Barack Obama led the tribu
World NewsFeb. 14, 2016
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Pakistan, Korea inch toward FTA
Pakistan and Korea are striving to launch a free trade agreement following an ongoing feasibility study, hoping to capitalize on each other’s geostrategic leverage, Pakistan’s top envoy to Korea said. In an interview with The Korea Herald in early February, Pakistani Ambassador Zahid Nasrullah Khan highlighted the policy of prioritizing trade and investment with Korea since Prime Minister Nawaz Sharif took office in June 2013. The feasibility study, being conducted jointly by the Pakistan Instit
Foreign AffairsFeb. 14, 2016