Most Popular
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Shut up and dance
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Yoon warns North Korea against nuclear attack attempt
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Brit pop legend Oasis to perform in Seoul next year
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BTS’ Suga fined W15m for e-scooter DUI
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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Seoul shares down 1.21 pct in late morning trade
South Korean stocks traded 1.21 percent lower late Wednesday morning as tech and logistics firms went south.The benchmark Korea Composite Stock Price Index lost 22.88 points to 1,866.76 as of 11:20 a.m.Tech shares continued to lose ground, with leading Samsung Electronics falling 1.96 percent and SK hynix moving down 4.06 percent. LG Display shed 1.36 percent.Logistics also traded weaker, with top air carrier Korean Air plunging 3.11 percent and Asiana Airlines moving down 1.19 percent.Jeju Air
Jan. 20, 2016
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Korea aims to attract 8 million Chinese tourists this year
South Korea is exempting visa fees for Chinese group travelers and will add six new air routes between the two nations with the aim of attracting 8 million Chinese tourists this year, officials said Wednesday. South Korea's Culture Minister Kim Jong-deok announced the plan in Beijing as he is set to host a ceremony marking "The Year of Visit to Korea" in China. Riding the wave of the popularity of K-pop and culture in China, Kim said his ministry will develop various tour packages specialized in
TravelJan. 20, 2016
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Cold wave sweeps most parts of Korea for three consecutive days
Most parts of the country were hit by a severe cold wave early Wednesday morning, with South Korea's weather service issuing a cold wave advisory for the third consecutive day.As of 5 a.m., temperatures had dropped to minus 13.9 degrees Celsius in Seoul, minus 18.3 degrees in Paju, minus 11.6 degrees in Suwon, minus 12.1 degrees in Incheon and minus 17.2 degrees in Chuncheon, Gangwon Province.The mercury also dropped below zero in the central and southern parts of the country, with minus 11.8 de
Social AffairsJan. 20, 2016
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Seoul shares open lower
South Korean share prices opened weaker on Wednesday on account of steep losses in tech and other blue chip stocks. An investor walks past an electronic board displaying South Korean share prices. (Yonhap)The benchmark Korea Composite Stock Price Index shed 9.24 points, or 0.49 percent, to 1,880.40 in the first 15 minutes of trading.The index was trading at 1869.34, down more than 1 percent as of around 10:36 a.m. Tech shares led the decline, with market heavyweight Samsung Electronics losing 1.
Jan. 20, 2016
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[Editorial] Too complacent
Kim Moo-sung, leader of the ruling Saenuri Party, has been downplaying the efforts of opposition parties to recruit outside figures as candidates for the April 13 general election. In his New Year’s news conference Monday, Kim again dismissed the opposition’s recruiting endeavors as a mere “show” aimed at improving their public image. Parties should not delude the people and they should try to compete with policy and vision, he said. It is not difficult to see why Kim is so convinced -- or at
EditorialJan. 20, 2016
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[Editorial] Collective responsibility
The horrible story of a child whose dismembered body parts had been kept by his parents for about four years exposed some serious social ills in this country. The case of the 7-year-old boy who died in 2012 is still shrouded in mystery despite police investigators’ strenuous efforts to find clues since his father and mother were detained last Friday. The most immediate questions are how the boy died, and why the parents, both in custody on court-issued warrants, kept the body parts in a frozen
EditorialJan. 20, 2016
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Japan slips to 5th-largest export market for S. Korea
Japan was the fifth-largest export market for South Korea in 2015, slipping a notch from the previous year, according to trade data on Wednesday. Containers are waiting for shipment at a dock near Tokyo. (Yonhap)Exports to Tokyo also took up a record-low portion in Seoul’s outbound shipments on a weak yen.At the same time, China emerged as South Korea’s No. 1 trading partner, said the Korea International Trade Association.South Korea’s shipments to Japan reached $25.6 billion last year, accounti
Jan. 20, 2016
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Volkswagen faces new lawsuit over faked emissions
Volkswagen Group and its local unit in South Korea are facing another lawsuit for manipulating the emissions of some of its 3-liter diesel models, a local law firm said Wednesday.Customers have already filed class-action suits against the German carmaker’s 2-liter diesel models whose emissions results were proved to be faked by using a so-called defeat device. “There are many customers making inquiries (on a possible suit) about the 3-liter models also involved in the emissions manipulation,” sa
IndustryJan. 20, 2016
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Record amount of W50,000 bills issued in 2015
South Korea issued a record amount of 50,000 won banknotes -- the country’s highest denomination bills -- in 2015, according to data from the central bank. South Korea’s highest denomination 50,000 won bills are being stacked at a local bank. (Yonhap)Last year, the Bank of Korea issued some 20.5 trillion won ($16.99 billion) worth of 50,000-won notes, up 34.8 percent from the previous year, breaching the 20-trillion-won mark for the first time since it introduced the
Jan. 20, 2016
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Beef imports hit record high in 2015
South Korea’s beef imports surged to record highs in 2015 mainly on a spike in local meat prices, government data showed Wednesday. U.S. beef is on display at a supermarket in Korea. (Yonhap)The country imported more than $1.81 billion worth of beef last year that exceeded the previous record of $1.67 billion in 2014, according to data from the Korea Customs Service. It was also the highest figure since the agency started keeping such data in 1995.“Demand for imports rose as local beef prices s
IndustryJan. 20, 2016
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Defense minister, top U.S. diplomat discuss joint reaction to North Korea's nuke test
Defense Minister Han Min-koo and U.S. Deputy Secretary of State Tony Blinken held talks Wednesday as the allies are quickening moves to punish North Korea for its defiant nuclear test earlier this month."Despite repeated warnings and worries by the international community, North Korea conducted its fourth nuclear test, and it is a grave threat to the Korean Peninsula and the international community," Han said in the opening of the talks held in the Ministry of National Defense in Seoul."The Sout
North KoreaJan. 20, 2016
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South Korea, Russia agree to work together for U.N. resolution on North Korea
South Korea and Russia agreed to coordinate their efforts to draw a U.N. Security Council resolution over North Korea's recent nuclear test, the Foreign Ministry said.On Tuesday, South Korea's top nuclear envoy, Hwang Joon-kook, met with his Russian counterpart, Igor Morgulov, in Moscow, where the two sides discussed the security environment following the North's fourth nuclear test on Jan. 6, the ministry quoted Hwang as telling reporters after the talks.As North Korea advances its nuclear capa
North KoreaJan. 20, 2016
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M&As forecast to hit all-time high this year
Mergers and acquisitions in South Korea are expected to reach a record high this year as companies may try to streamline operations and find new sources of growth amid a prolonged business slump, experts said Wednesday. According to data by Daewoo Securities Co., the value of local M&As reached a record 77 trillion won last year, with the number of deals also hitting a record 427. "The government's policy that stresses corporate reform and economic revival will serve as a catalyst for the realig
Jan. 20, 2016
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Japan relegated to 5th-largest export market for Korea
Japan was relegated to the fifth-largest export destination for South Korea last year with the portion of exports to Tokyo in Seoul's overall outbound shipments dipping to a record low amid the weak yen, data showed Wednesday.South Korea's shipments to Japan reached US$25.6 billion last year, accounting for 4.9 percent of its overall exports, the lowest level ever, according to data compiled by the Korea International Trade Association.Last year's figure marks a 20.5 percent drop from a year ear
Jan. 20, 2016
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Top North Korea official included in his leader's entourage after 3-month absence
North Korea's leader has visited a newly built museum on the youth movement, accompanied by his key aide Choe Ryong-hae, who has recently returned to the public eye after being punished for three months, the North's state media said Wednesday.The North's leader Kim Jong-un has given so-called field guidance to the Youth Movement Museum, according to the Korean Central News Agency.His entourage included Choe, a secretary of the ruling Workers' Party of Korea, who has resumed public activities abo
World NewsJan. 20, 2016
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Psy's 'Gangnam Style' hits 2.5 bln views on YouTube
The video of South Korean rapper Psy's mega-hit song "Gangnam Style" set another YouTube record, breaking 2.5 billion views on Wednesday, his management agency said.The video, which has driven the world to a horse-riding frenzy since 2012, was viewed 2.51 billion times as of 8 a.m., YG Entertainment said, adding that the milestone was reached only five months after the previous record of 2.4 billion views was set.In March, the continued success of "Gangnam Style" led YouTube to raise its maximum
PerformanceJan. 20, 2016
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Korea's beef imports hit record high in 2015
South Korea's beef imports surged to a new record high in 2015 mainly due to a spike in local meat prices, government data showed Wednesday.Asia's fourth-largest economy imported more than US$1.81 billion worth of beef last year, smashing the previous record of $1.67 billion in 2014, according to the data by the Korea Customs Service. It was also the highest tally since the agency started keeping such data in 1995."Demand for imports rose as local beef prices led by meat from premium hanwoo cows
Jan. 20, 2016
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BigBang's 'Bang Bang Bang' tops 100 mln views on YouTube
The music video for "Bang Bang Bang" by South Korean boy band BigBang has surpassed 100 million views on YouTube, the group's management said Wednesday.The video hit the milestone at about 7 p.m. Tuesday, slightly more than seven months after it was released on the U.S. video-sharing website, YG Entertainment said.It became the second video by BigBang to pass the 100 million mark after "Fantastic Baby" which is expected to hit 200 million soon.Last month, "Bang Bang Bang" clinched the title as t
PerformanceJan. 20, 2016
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Korea issues record amount of W50,000 bills in 2015
South Korea injected a record amount of 50,000 won banknotes into circulation last year, the central bank said Wednesday, despite a low return rate of the highest denomination bills that has continuously raised concerns over the possible growth of the underground economy.In 2015, the Bank of Korea issued some 20.5 trillion won worth of 50,000-won notes, up 34.8 percent from the previous year and breaching the 20-trillion-won mark for the first time since it introduced the 50,000-won bill in 2009
Jan. 20, 2016
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Gov't calls for parliamentary endorsement of anti-terrorism bills
The government renewed its call on Wednesday for the parliamentary approval of anti-terrorism bills, citing growing threats of terrorism both at home and abroad.In addition to the first bill proposed by the government in 2011 following the 9/11 attacks, a number of anti-terrorism bills are currently pending in the National Assembly. However, the bills have not yet been put to a full floor vote due to strong dissent from the opposition party on concerns about giving more authority to the National
PoliticsJan. 20, 2016