Most Popular
-
1
‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
-
2
Psy's touch or new trend in music? P Nation’s solo stars lose their shine
-
3
Opposition mulls delay of financial investment income tax
-
4
Seoul to hold grand military parade on Tuesday, disrupting major city routes
-
5
Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
-
6
NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
-
7
Shut up and dance
-
8
Israel targets Palestinian group in first strike on Beirut center
-
9
BTS’ Suga fined W15m for e-scooter DUI
-
10
[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
-
With Olympic football berth secured, focus shifts to 'wild-card' selection
Now that South Korea have secured an Olympic men's football berth, the focus will soon shift to the selection of overage players for the quadrennial competition.South Korea on Tuesday defeated Qatar 3-1 in the semifinals at the Asian Football Confederation (AFC) U-23 Championship in Doha.By reaching the final of the competition, which doubles as the regional Olympic qualifying tournament, South Korea clinched one of three Asian spots at this year's Summer Games in Rio de Janeiro.The Olympic foot
SoccerJan. 27, 2016
-
[Editorial] Pregnancy delay
Quarantine authorities in some South and Central American countries are recommending that women of fertile age avoid getting pregnant in the coming months, citing a mosquito-borne virus, which is suspected of causing critical birth defects. The instructions came after at least 1,000 women gave birth to babies with abnormally small heads — which is called microcephaly — in Brazil. It has been found that a certain proportion of the women were infected with the Zika virus during their pregnancy. Th
EditorialJan. 27, 2016
-
Hyundai E&C earnings edge down in 2015
Hyundai Engineering & Construction Co., a major South Korean construction firm, said Wednesday that its earnings fell slightly last year from a year earlier due to a drop in overseas construction projects.Net profit reached 584 billion won ($486 million) last year, down 0.5 percent from the previous year, the company said in a regulatory filing.Operating income advanced 2.9 percent on-year to reach 987 billion won, and sales jumped 10 percent on-year to amount to 19.12 trillion won.The builder s
IndustryJan. 27, 2016
-
Seoul city to expand exchanges with Teheran
The Seoul metropolitan government will push to expand exchanges with the Iranian capital of Teheran, with the recent lifting of international sanctions on the Middle East country.Seoul city's plan is in line with the Iranian government's move to improve relations with South Korea by expanding exchanges and cooperation between the two countries.Although details of their exchange programs have not been made, Seoul city officials said the two cities will work out plans soon to increase their friend
Social AffairsJan. 27, 2016
-
Number of people changing residence edges up 0.3% in Dec.
The number of people changing residences edged up 0.3 percent in December from a year earlier, the state statistics agency said Wednesday,People changing their official residence came to some 700,000 in December, up 0.3 percent or 2,000, from the same month a year earlier, according to data provided by Statistics Korea.The population mobility rate -- the number of those changing their residence for every 100 people -- remained unchanged at 1.37 percent last month, the data showed.A net 12,842 pe
Jan. 27, 2016
-
BigBang's 'Fantastic Baby' tops 200 mln YouTube views
The music video for "Fantastic Baby" by boy band BigBang has surpassed the 200-million-view mark on YouTube, the group's agency said Wednesday."Fantastic Baby" took a year and 10 months to reach the milestone, having been listed on the video-sharing website on March 6, 2012, YG Entertainment said.As of Tuesday night, South Korean time, the video had been viewed 207 million times, the agency said, adding on Wednesday that the figure was up to 212 million."Fantastic Baby" is part of the fifth mini
PerformanceJan. 27, 2016
-
[Editorial] Policy dilemma
South Korea has been facing a dilemma, alongside their Chinese counterpart, in their economic policy, including currency exchange rates. The slowdown in Korea, with its 2015 economic growth staying at a three-year low of 2.6 percent should ordinarily prompt the Finance Ministry’s further stimulus measures this year. But the global situation may not easily allow the nation’s conventional policy of providing liquidity in the market. The recent crash in the Shanghai Stock Exchange Composite Index i
EditorialJan. 27, 2016
-
Kia Motors Q4 net drops 1.2% on weaker overseas demand
Kia Motors Corp., South Korea's No. 2 automaker, said Wednesday that its fourth-quarter earnings dropped 1.2 percent on-year on weak demand in emerging markets and a one-off loss from its equity ties with affiliates.Its net profit reached 430.8 billion won ($359.5 million) during the October-December period compared with a profit of 436.2 billion won a year earlier, the company said in a regulatory filing.Operating income grew 2.8 percent on-year to 514.4 billion won over the cited period and sa
MobilityJan. 27, 2016
-
Hyundai Steel to offer 15% dividend payout
Hyundai Steel plans to put aside 15 percent of its net profit to offer shareholder dividends this year, the company said on Wednesday.The payout ratio was the same as last year. Industry watchers said the move was significant considering that the country’s No.2 steelmaker saw its earnings fall 5.5 percent in 2015, compared to a year earlier. Net profit stood at 739 billion won ($615 million) on a consolidated basis last year, the company said in a statement. Sales also fell 3.8 percent on-year t
IndustryJan. 27, 2016
-
Hyundai Mobis earnings rose in Q4
Hyundai Mobis, South Korea’s top auto parts maker, said Wednesday that its fourth-quarter net profit rose 1.5 percent from a year earlier. Net profit reached 862.3 billion won ($552 million) in the October-December period, compared with 849.7 billion won a year earlier, the company said in its regulatory filing.Operating profit, however, fell 3.5 percent year-on-year to 867.2 billion won, while sales grew 5 percent to 9.9 trillion won. For all of 2015, net income fell 11.4 percent to 3.1 trillio
IndustryJan. 27, 2016
-
Daewoo E&C earnings plunged in Q4
Daewoo Engineering & Construction said Wednesday that its fourth-quarter net profit plunged 83.3 percent from a year earlier.Net profit came to 6.2 billion won ($5.2 million) in the October-December period last year, compared to 36.9 billion won a year earlier, the company said in a regulatory filing. Operating income fell 40 percent to 57.4 billion won over the cited period, and sales were down 4.5 percent to 2.6 trillion won. For the entire year, net income grew 8.4 percent to 146.2 billion wo
IndustryJan. 27, 2016
-
Hyundai Motor No.1 in Mexican import car market
South Korea’s top carmaker Hyundai Motor was the No.1 import auto brand in Mexico in 2015, data showed Wednesday. Hyundai Motor sold 26,251 automobiles in Mexico last year, becoming the leading foreign brand without localized production facilities for the first time. The South Korean carmaker first tapped the Mexican market in May 2014. French auto firm Renault and Japan’s Suzuki Motor, which ranked first and second in terms of sales among import brands in 2014, trailed Hyundai. They sold 24,320
IndustryJan. 27, 2016
-
In diplomatic flurry, Park considers Iran visit
President Park Geun-hye is considering visiting Iran amid growing concerns that South Korea is lagging behind its neighbors and other countries in courting the Islamic republic for economic cooperation after international sanctions were scrapped earlier this month.“I understand that President Park is considering a visit to Iran,” Cheong Wa Dae spokesperson Jeong Yeon-guk told reporters. “I will give you details (about her potential visit) when everything is finalized.”Should Park decide to go to
Foreign AffairsJan. 27, 2016
-
[From the scene] Student sit-in shields ‘comfort woman’ statue
On Wednesday morning about 10 students in their 20s woke up to another morning in the biting cold, checking on the “comfort woman” statue next to them.For the past 29 days, an association of 16 university councils and students’ groups has staged a sit-in day and night to guard the life-size bronze statue symbolizing victims sexually enslaved by Japan during World War II. A team of about 10 to 20 students spend the night across the street from the Japanese Embassy in Seoul, taking turns watching
Social AffairsJan. 27, 2016
-
S. Korea‘s land prices rose 2.4% in 2015
The average price of land in South Korea rose 2.4 percent on-year in 2015, fueled by low interest rates and easing regulations on property development, the government said Wednesday. Apartment buildings are seen in Seoul. (Yonhap)The increase is the highest since 2008, when land prices slipped 0.32 percent amid a global financial crisis, said the Ministry of Land, Infrastructure and Transport.The ministry said prices rose across the board last year, with numbers moving up the most on Jejudo Isla
IndustryJan. 27, 2016
-
Samsung Electronics’ foreign ownership falls to 27-month low
Stocks held by foreign investors in Samsung Electronics dropped to the lowest level in 27 months amid growing concerns about the global economy, data showed Wednesday. Offshore investors owned 48.97 percent of Samsung Electronics shares as of Monday, marking the lowest since Oct. 2, 2013, when the figure came to 48.94 percent, according to data by the Korea Exchange. Foreign stock ownership of the country’s top-cap company has been on the decline since July, when it reached a yearly peak of 51.8
TechnologyJan. 27, 2016
-
Korea seeks another lawsuit against Volkswagen
The South Korean government is pursuing another lawsuit against Volkswagen Korea over its emissions-rigging scandal, following a previous suit last week. The Ministry of Environment filed a second lawsuit against Volkswagen Korea managing director Johannes Thammer and Terence Bryce Johnson, the head of overseas sales with Audi at the Volkswagen Group, for failing to acquire car certifications from the government and not meeting the emissions requirements. YonhapSince the previous vehicle certif
Social AffairsJan. 27, 2016
-
United States likely to deploy attack drones in South Korea
The U.S. is expected to deploy a cutting-edge attack drone in South Korea this year as part of the allies’ efforts to bolster their reconnaissance and combat capabilities and better counter North Korean threats, Seoul officials said Wednesday. The MQ-1C Gray Eagle underwent an exercise last August at the Gunsan Air Base, during which it streamed video and metadata directly to a U.S. Army AH-64 Apache helicopter via a data link from extended distances, its manufacturer General Atomics Aeronautica
DefenseJan. 27, 2016
-
Prosecution launches unit for corruption probes
South Korean prosecutors on Wednesday officially launched a special investigative unit that will probe large-scale corruption cases under the supervision of prosecutor general Kim Soo-nam. The temporary unit, under the Anti-corruption Department at the Supreme Prosecutors’ Office, is expected to crack down on possible graft in the public sector, particularly involving large-scale state projects. Reportedly, two teams of the unit will each deal with crimes by politicians and civil workers, as wel
PoliticsJan. 27, 2016
-
City steps up bird flu measures
Seoul City will strengthen preemptive measures against avian influenza by keeping a close watch on the arrival of migratory birds, officials said Wednesday.Seoul Metropolitan Government said it would conduct virus tests on 60 migratory birds that inhabit the area around the Hangang River. It will attach location-tracking systems to half of them to monitor their travel routes. The location-tracking system is connected to a communications network, enabling the city government to track the birds’
Social AffairsJan. 27, 2016