Most Popular
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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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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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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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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KMA chief under pressure after surveyed doctors refuse to back him
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U.N. chief urges N. Korea to refrain from rocket launch
U.N. Secretary-General Ban Ki-moon wants North Korea to call off its planned long-range rocket launch, his spokesman said Wednesday."The secretary-general believes that it is important for the Democratic People's Republic of Korea to refrain from using ballistic missile technology and to work for peace and stability on the Korean peninsula," U.N. spokesman Farhan Haq told reporters.North Korea has informed international organizations it will launch an earth observation satellite between Feb. 8-2
North KoreaFeb. 4, 2016
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Seoul equities open higher on oil price rebound
Korean share prices opened in the positive on Thursday, edging up 0.58 percent despite a sharp rebound in crude oil prices.The benchmark Korea Composite Stock Price Index rose 10.98 points to 1,901.65 in the first 15 minutes of trading. Traders monitor Korea share prices at a local branch on Thursday. (Yonhap)The index was trading 0.73 percent higher at 1904.39 points as of 9:38 a.m. Refiners, however, were bullish after oil prices jumped 8 percent on Wednesday when Russia’s foreign minister rev
Feb. 4, 2016
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Won-dollar volatility at five-month high in Jan.
The daily volatility of the won-dollar exchange rate hit a five-month high in January as concerns rise about the stability of the Korean economy, central bank data showed Thursday.The average gap between the intraday high and low of the won-dollar exchange rate came to 7.9 won in January, the highest since 8.6 won in August, the Bank of Korea said. The January reading is also higher than the annual average for 2015.And the average daily variation, indicating fluctuations from the previous sessio
Feb. 4, 2016
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Trade minister enlists support from conglomerates
Korea’s trade minister urged the chiefs of major business groups on Thursday to step up investment to help revive exports and rejuvenate the sluggish economy. “With your efforts, our economy will be able to get back on the right track earlier than expected. We want you to invest to create world-leading industries and develop innovative technologies,” said Trade Minister Joo Hyung-hwan at a breakfast meeting with the heads of the nation’s top 30 conglomerates. Trade Minister Joo Hyung-hwan (secon
Feb. 4, 2016
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Ssangyong to launch long-body Tivoli in March
Ssangyong Motor will unveil the long body version of its popular Tivoli sport utility vehicle in March, an industry source said Thursday.“The exact launch date has not been determined but the long-body version of the Tivoli will likely hit the market before the end of next month,” the source told Yonhap News Agency. Ssangyong’s Tivoli compact SUV (Yonhap)The Tivoli is one of Ssangyong Motor’s most recent and most popular models. Sales began early last year. It was the first new model the automa
IndustryFeb. 4, 2016
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Carter cautions against linking N.K. tensions to previous calls for preemptive strike
U.S. Defense Secretary Ash Carter cautioned against linking the current tensions over North Korea's planned long-range rocket launch to his previous calls for a preemptive strike on the communist nation a decade ago.In 2006, Carter made the case for a preemptive strike in an article contributed to the Washington Post, just a couple of weeks before the North defied international warnings and test-fired a Taepodong-2 long-range missile on the July 4 Independence Day holiday.Carter, then a Harvard
North KoreaFeb. 4, 2016
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Jimmy Carter says scans show no signs of cancer
Former U.S. President Jimmy Carter said that a scan of his torso conducted last week found no signs of melanoma, the serious form of cancer that doctors discovered last summer in his liver and brain, but he will continue treatment on February 9th. A previous brain scan found that four cancerous lesions were gone with no new evidence of new cancer cells, Carter said in December. Carter spoke on the phone to South Sudan from London where he is speaking about his campaign against Guinea worm diseas
World NewsFeb. 3, 2016
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China admits limited influence over N. Korea
While North Korea is thumbing its nose at the international community by announcing a planned test of a long-range rocket following last month's nuclear test, China, the North's key economic and diplomatic lifeline, acknowledged on Wednesday that it can't thwart the looming launch. North Korea's fourth nuclear test on Jan. 6 came nearly four months after Liu Yunshan, the Chinese Communist Party's fifth-ranked leader, held talks with the North's leader Kim Jong-un in Pyongyang. The talks between
North KoreaFeb. 3, 2016
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Park renews calls for passage of bills
President Park Geun-hye renewed her calls Wednesday for the parliamentary passage of a set of bills meant to revitalize South Korea's economy."The urgent thing is to pass" the bills, Park said in a meeting with the heads of small and medium-sized companies in an industrial zone near Seoul.She also asked two ruling party lawmakers, whose districts are home to the industrial zone, to appeal to their fellow lawmakers to pass the bills.Last month, Park joined a signature-collecting campaign calling
PoliticsFeb. 3, 2016
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Dyson’s suction power test upsets rivals
Dyson, the U.K. home appliance maker, held a rare performance test in Seoul on Tuesday by comparing its own luxurious stick vacuum cleaner with cheaper competitors. During the event, Dyson’s motor drive engineer Graham Donald demonstrated the suction power of the company’s V6 Fluffy cleaner and the key technologies behind the device. Then, a “blind test” was carried out. He and two other staff members carrying three different stick vacuums started to collect baking power scattered on separate bl
TechnologyFeb. 3, 2016
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LG to hire marine sergeant for saving man’s life
LG Group said Wednesday it has decided to hire a marine staff sergeant who recently saved a blind man’s life at a subway station in Daegu. On Jan. 17, the 24-year-old Choi Hyung-soo jumped onto the tracks to save a 40-something blind man who missed his footing and fell. After confirming the man was safe, he left the scene without revealing himself. However, his live-saving act was publicized by the media. LG said it would offer him a full scholarship when he returns to college and hire him after
TechnologyFeb. 3, 2016
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Samsung ActiveWash sales exceed 1.5m
Samsung Electronics said Wednesday that its ActiveWash washing machine has hit the 1.5 million mark in global sales since its launch in February last year. The ActiveWash is a top-load washing machine with a separate sink for prewashing. It has been launched in 33 countries worldwide. The sales figure means 4,100 unit sales every day – Samsung’s fastest-selling washing machine, the company said. During the same period, the product sold more than 300,000 units in Korea alone. In the U.S., Samsung
TechnologyFeb. 3, 2016
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Major tourist hot spots in Sri Lanka
Sri Lanka, crowned as the Pearl of the Indian Ocean, is home to some of the finest spectacles of natural beauty known to mankind. An island considered to be en route to paradise, surrounded by both the Indian Ocean and the mystique of an enduring and diverse history -- fascinates both the eyes and soul.Arab, Portuguese, Dutch and British influences all in their own time have converged in the present day to leave a markedly distinct cultural flavor and experience; only to be found in countries wi
TravelFeb. 3, 2016
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Enhancing Sri Lanka - Korea relations
The following article was contributed by the Embassy of Sri Lanka. – Ed.Sri Lanka and the Republic of Korea enjoy longstanding friendly relations and historical bonds based on Buddhist cultural links spanning centuries. Since the establishment of diplomatic relations between Sri Lanka and Korea in 1977, there has been steady expansion of bilateral relations in the political, economic and cultural spheres. In terms of high-level visits, a presidential visit from Sri Lanka to Korea took place in
PoliticsFeb. 3, 2016
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[Newsmaker] White House race wide open as upstarts rattle Trump, Clinton
DES MOINES, Iowa - The US presidential race looked suddenly wide open Tuesday after frontrunners Donald Trump and Hillary Clinton suffered chastening evenings in Iowa, the first step on the long road to the White House.It was a particularly humbling experience for Trump, who cut a forlorn figure after Republican arch-rival Ted Cruz streaked to victory in the Iowa caucuses, staking his claim as the new standard bearer for the conservative camp going on to New Hampshire. And if Clinton was in any
World NewsFeb. 3, 2016
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Seoul shows mixed response to closer economic ties between China, Japan
Policymakers and economists here have shown mixed responses to a recent report that China and Japan are working to form a new framework to bring together government and central bank officials to discuss economic policy coordination.The move reported by a leading Japanese business daily last week apparently reminded them that South Korea’s two giant neighbors are ready to pursue practical economic interests separately from their conflicts over historical and territorial issues. Beijing and Tokyo
Feb. 3, 2016
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[Graphic News] Korea’s credit ratings at highest levels
Despite the dark clouds gathering over Korea’s economy, its sovereign ratings are at the highest levels on record, data shows. Standard & Poor’s, one of the world’s big three credit ratings agencies, on Wednesday decided to maintain Korea’s rating at AA-, the fourth highest level in its evaluation scheme, with an outlook of “stable.” A stable outlook means the rating is most likely to stay at the same level for the time being. An AA-, the highest rating given to Korea, is where the country was b
Feb. 3, 2016
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Lotte founder testifies over his mental status
Shin Kyuk-ho, founder of Korean retail giant Lotte Group, testified at a Seoul court Wednesday to demonstrate his mental status, marking a new twist in the bitter feud over control of the group. Shin Kyuk-ho, founder of Korean retail giant Lotte Group, walks into a court room at Seoul Family Court on Wednesday. (Yonhap)The 93-year-old Lotte founder walked into a court room at the Seoul Family Court and told judges that his ability to make judgement is the same as in his 50s, his lawyer told repo
IndustryFeb. 3, 2016
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Half of listed firms suffer earnings shock in Q4
More than half of South Korea’s major listed firms have suffered earnings shocks as they missed profit forecasts for the fourth quarter of 2015, stoking concerns that the country’s sluggish economy may further deteriorate amid the protracted global slowdown. (Yonhap)According to FnGuide, a financial information provider, out of 75 major companies listed on the KOSPI and KOSDAQ indexes, 38 firms logged earnings shocks. An earnings shock occurs when a company reports quarterly or annual profits b
Feb. 3, 2016
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[팟캐스트] (131) 방석호 아리랑TV사장 호화 출장 논란 외 1건
진행자: 석지현, Paul Kerry 1. 문체부, 방석호 사장 사표 수리…조사는 계속 기사요약: 방석호 아리랑TV 사장은 지난해 두 차례 미국 출장에서 아들과 법인 카드로 식사하고, 고가의 경비 처리에 참석자를 허위로 기재했다는 의혹이 제기됐다. 문화체육관광부는 방 사장의 공금 횡령 등이 사실로 밝혀지면 환수한다는 방침을 세웠다 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 Former Arirang TV chief under probe for corporate fund misuse [1] The Culture Ministry has accepted the resignation of Bang Suk-ho, president & CEO
English EyeFeb. 3, 2016