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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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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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Yen surge sparks central bank intervention talk
Japanese government officials on Friday pledged to take "appropriate measures" as the surging yen fuels speculation that the central bank will intervene in currency markets to arrest its ascent.The unit has soared to levels last seen when the Bank of Japan unleashed a second wave of stimulus in late 2014, as part of Tokyo's attempts to stimulate the laggard economy.But plunging equity markets fuelled by fears about the world economy have sent the yen skyward as traders buy investments seen as a
World BusinessFeb. 12, 2016
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KOSDAQ trading halted after steep drop
South Korean stocks took another drubbing from a plunge in Japan and other major equity markets Friday as panicked investors dumped shares. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) shed 26.26 points, or 1.41 percent, to end at 1,835.28. This followed a nearly 3 percent plunge the previous day. (Yonhap)Trading volume was moderate at 465.67 million shares worth 6.2 trillion won ($5.1 billion), with decliners outpacing gainers 739 to 11
Feb. 12, 2016
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Scientists glimpse Einstein's gravitational waves
WASHINGTON (AFP) - In a landmark discovery for physics and astronomy, scientists said Thursday they have glimpsed the first direct evidence of gravitational waves, ripples in the fabric of space-time that Albert Einstein predicted a century ago.When two black holes collided some 1.3 billion years ago, the joining of those two great masses sent forth a wobble that hurtled through space and reached Earth on September 14, 2015, when it was picked up by sophisticated instruments, researchers announc
TechnologyFeb. 12, 2016
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Korean firms call for full support after factory shutdown
South Korean companies at a jointly run factory park in a North Korean border city urged Seoul Friday to roll out full support measures as their losses from the park's shutdown are unimaginable.On Thursday, North Korea expelled South Korean workers from the Gaesong 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 top achievement of i
North KoreaFeb. 12, 2016
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Korea tensions raise specter of Cold War
North Korea's fourth nuclear test has drastically raised tensions in East Asia, with regional powers responding to the growing security threat along Cold War lines.South Korea, the United States and Japan have forged a united front in the face of North Korea's nuclear and missile development and called for strong international sanctions against the Pyongyang regime.Following the North's long-range rocket launch earlier this week, the three countries pressed the Kim Jong-un regime further by adop
North KoreaFeb. 12, 2016
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Top domestic football league identifies illegal practice, mulls over punishment
The nation's top football league said Friday it is mulling over the appropriate punishment for an illegal economic practice banned by the sport's international governing body.An official with the K League said the league office has identified cases of third-party ownership, and that it may convene a disciplinary committee meeting to discuss potential punishments.Third-party ownership refers to a club's sharing of a player's economic rights with third-party sources such as agents, management agen
SoccerFeb. 12, 2016
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Korean speaking contest to be held in Cuba
The South Korean Embassy in Mexico said Thursday it will hold a Korean speaking contest in Havana together with South Korea's Hanyang University and Cuba's Jose Marti Cultural Center.Twelve finalists, who have been selected from a preliminary test of 25 applicants, will vie for the grand prize in the contest on Saturday.Hanyang University will invite the top prize winner to South Korea for one month during the summer vacation and offer an opportunity to learn the Korean language and experience K
CultureFeb. 12, 2016
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Korea joins U.S.-Thailand marine corps exercise
Marines from South Korea, the United States and Thailand jointly carried out large-scale landing drills on the Thai beach of Hat Yao as part of the Cobra Gold military exercise, the Marine Corps here said Friday.South Korea mobilized the 4,900-ton Cheon Wang Bong-class amphibious landing ship along with eight amphibious assault vehicles and one tank for the trilateral drills. About 440 marine and navy forces joined as well. Another 400 forces joined from the U.S and Thailand, along with three wa
DefenseFeb. 12, 2016
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Seoul shares open lower due to global market losses
Korean shares got off to a weak start on Friday, taking a cue from losses in global stock markets.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 16.06 points, or 0.86 percent, to 1,845.48 in the first 15 minutes of trading. KOSPI (Bloomberg)Major sectors started bearish, with the financial, chemical and medical sectors leading the anemic run.On Thursday, the Dow Jones industrial average plunged 1.6 percent as concerns over slowing growth weighed on the market. Japan‘s Nikkei 225
Feb. 12, 2016
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U.S. reiterates support for Seoul's decision to shut down Gaesong complex
The United States on Thursday reiterated its support for President Park Geun-hye's decision to shut down an inter-Korean industrial complex in North Korea in response to Pyongyang's nuclear and missile tests."We support President Park's approach toward North Korea and respect her resolve in shutting down the Gaesong complex in the face of DPRK's recent destabilizing actions on the peninsula,"State Department deputy spokesman Mark Toner said at a regular briefing."We think that her decision refle
North KoreaFeb. 12, 2016
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Chinese media wary of shift in security balance in East Asia
North Korea's latest nuclear test and long-range rocket launch has prompted the Korean Peninsula to slide into a Cold War-like rivalry, with China's state-run media keeping a wary eye on a shift in the security balance in East Asia. A day after South Korea decided to halt operations at an inter-Korean industrial park inside North Korea, considered a major source of hard currency for the isolated regime, North Korea kicked out all the South Koreans in the Kaesong industrial park, calling Seoul's
World NewsFeb. 12, 2016
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South Korea, China still apart over Pyongyang
South Korean Foreign Minister Yun Byung-se urged China to play a "responsible" role in the push for a "terminating" U.N. resolution against North Korea.In a 40-minute talk with his Chinese counterpart that Wang Yi held on the sidelines of a security meeting in Munich Thursday (local time), Yun briefed him on Seoul's decision to halt the operation of the inter-Korean industrial complex in Kaesong, a North Korean border city, according to the Foreign Ministry.It was a "difficult decision made to s
North KoreaFeb. 12, 2016
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Ex-Olympic champ Lee Seung-hoon well off podium at speed skating worlds
Former Olympic speed skating gold medalist Lee Seung-hoon finished well off the podium at the world championships in Russia on Thursday.Lee finished 10th among 12 skaters in the men's 10,000 meters at the International Skating Union World Single Distances Speed Skating Championships in Kolomna, Russia. The 2010 Olympic champion in the distance checked in at 13 minutes, 23.73 seconds.It was nearly 27 seconds worse than Lee's personal best of 12:57.27, set during an ISU World Cup stop in February
More SportsFeb. 12, 2016
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'Like for Likes' to be released in U.S. later this month
(Yonhap)"Like for Likes," a South Korean romantic comedy starring actor Yoo Ah-in, will be released in the United States later this month, the film's distributor said Thursday.The film, which follows three couples relying on social media to communicate their innermost feelings, will hit the screens in Los Angeles and 18 other North American theaters on Feb. 26, CJ Entertainment America said."Like for Likes" will also feature "hallyu" megastar Choi Ji-woo, who plays an "old maid" flight attendan
FilmFeb. 12, 2016
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Royce welcomes Seoul's decision to shut down Gaesong complex
The chairman of the U.S. House Foreign Affairs Committee on Thusday welcomed South Korea's decision to shut down a joint industrial complex in North Korea in response to Pyongyang's nuclear and missile tests.South Korea announced earlier this week that it will suspend the operation of the Gaesong Industrial Complex, a decision that was seen as the strongest non-military measure Seoul could take to punish Pyongyang for its banned nuclear and missile tests."I also want to commend South Korea's dec
North KoreaFeb. 12, 2016
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U.S. presidential hopeful Sanders under fire for missing Senate vote on Pyongyang sanctions
U.S. presidential hopeful Sanders under fire for missing Senate vote on Pyongyang sanctionsDemocratic presidential hopeful Bernie Sanders came under fire for missing a Senate vote to approve a set of stringent sanctions on North Korea in response to Pyongyang's nuclear and missile tests.The senator from Vermont was among four in the 100-member Senate that did not vote on the North Korea Sanctions Enforcement Act of 2016. The legislation passed in a 96-0 vote, demonstrating bipartisan support for
World NewsFeb. 12, 2016
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Seoul cuts off electric power transmission to Gaesong complex
South Korea cut off electric power transmission to the Gaesong industrial complex in North Korea, officials said Thursday.Power transmission was halted at 11:53 p.m., unification ministry officials said, adding that the measure will automatically lead to a halt of water supplies to the complex.South Korea announced Wednesday it would suspend the operation of the complex in response to the North's nuclear and missile tests. The North responded by seizing all assets in the complex and expelling So
North KoreaFeb. 12, 2016
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Gaeseong-based S. Korean firms call for gov't compensation
South Korean companies based in the North Korean border city of Gaeseong urged the government on Thursday to roll out follow-up measures to compensate damages caused by its earlier decision to indefinitely suspend the operation of the joint industrial park."We will ask the government to make compensations and roll out follow-up measures regarding the irresponsible decision," Jeong Gi-seob, who heads the Corporate Association of Gaeseong Industrial Complex said. "For now, we deeply resent the gov
IndustryFeb. 12, 2016
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Hong Kong activists face riot charges after holiday protest
Several dozen people appeared in a Hong Kong court Thursday to face rioting charges following a violent clash earlier this week between protesters and police sparked by a clampdown on holiday street food vendors.Hong Kong police and local media reports said 37 people were attending court in Kowloon, each facing one count of taking part in a riot, a rarely used charge that carries a maximum sentence of 10 years in prison.Defendants were given bail and their cases adjourned until April, the report
InternationalFeb. 12, 2016
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Hyundai Heavy wins two oil tankers deal from Turkey
Hyundai Heavy Industries Co., a South Korean shipbuilder, said Thursday it struck a deal with a Turkish counterpart to build two oil tankers tankers sized at 158,000 tons each.Under the deal estimated at US$120-140 million, Hyundai will hand over the ships to Turkey-based Ditas Shipping in 2018.It marked the first order won by the country's top three shipbuilders, which have been suffering from an earnings slump, hit by a protracted decrease in oil prices and increased costs.South Korean shipbui
IndustryFeb. 12, 2016