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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Yoon warns North Korea against nuclear attack attempt
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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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Brit pop legend Oasis to perform in Seoul next year
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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BTS’ Suga fined W15m for e-scooter DUI
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China bonds fall as Yuan drop fuels concern outflows to quicken
China’s government bonds fell on concern a weaker yuan will spur capital outflows, impacting the availability of funds in the financial system.In a sign of worsening outflows, the People’s Bank of China sold a record amount of foreign currency in December, a report showed Friday, as the central bank stepped up yuan purchases to stem the currency’s slide. The yuan has fallen 1.3 percent this month after dropping 4.5 percent in 2015. The PBOC boosted cash injections in its open-market operations a
Jan. 18, 2016
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Bowie finally tops chart in U.S., adopted home, after death
NEW YORK (AFP) -- David Bowie’s final album on Sunday hit No. 1 in the United States, his adopted home, with the British music legend posthumously achieving a feat he never managed in life. “Blackstar,” which was released two days before Bowie’s Jan. 10 death from a secret battle with cancer, debuted at No. 1 on the Billboard album chart for the week through Thursday. Amid the outpouring of grief, Bowie not only scored his first U.S. No. 1 album but became among the rare artists to have two in t
PerformanceJan. 18, 2016
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Stock slump worsens in Asia as Iran sinks crude oil
The worst start to a year for global stocks extended into a third week as crude oil sank to a fresh 12-year low. Demand for haven assets supported government debt and gold, while the Australian dollar strengthened.Japan’s Nikkei 225 Stock Average was on the cusp of a bear market as Chinese shares fluctuated. Brent crude dipped as Iran pledged to boost exports and Nomura Holdings Inc. predicted a potential drop to $25. Sovereign bonds in the region climbed, and the cost of protecting against corp
Jan. 18, 2016
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6 out of 10 chaebol scions graduated abroad: survey
Six out of 10 chaebol scions in their 40s and younger from among the top 240 Korean conglomerates graduated abroad, according to the Korea CXO Institute on Monday.They include company executives born before 1968 who hold director-level positions at the affiliates of Korea’s leading big businesses as of January 2016.(123rf)The institute, which analyzes local corporate data, found that a total of 82 officials from the owner families fell within this target group.Among them, 33, or 40.2 percent, ho
IndustryJan. 18, 2016
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Indecent exposure: artist arrested for nude pose in Paris museum
PARIS (AFP) -- A woman has been arrested for indecent exposure after lying down naked in Paris’ Musee d’Orsay in front of Edouard Manet’s similarly nude painting of the prostitute Olympia, her lawyer said Sunday. Museum-goers were enjoying an exhibition entitled “Splendour and Misery: Images of Prostitution 1850-1910” when Luxembourg artist Deborah de Robertis got undressed and took on the pose of the famed Olympia. “Olympia” by Edouard Manet. Luxembourt artist Deborah de Robertis was arrested S
PerformanceJan. 18, 2016
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Splashes of color at Milan runways
MILAN (AP) -- The worlds of music, fashion and art continued their long collaboration on the menswear runways of Milan Fashion Week on Sunday. Missoni creative director Angela Missoni says collaborations between the art world and fashion, which her father pioneered decades ago, have become ever more natural. Models wear creations for Salvatore Ferragamo men’s fall-winter 2016-2017 collection, part of the Milan Fashion Week, unveiled in Milan, Italy, Sunday. (AP-Yonhap) ``There are fewer taboo
Arts & DesignJan. 18, 2016
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Korea's 3rd bourse grows sharply in 2015
South Korea's stock market for venture firms and startups marked sharp growth last year on the back of the government's push to foster small entities, the bourse operator said Monday.The total turnover on the Korea New Exchange market in 2015 came to 451.7 billion, a 4.7-fold expansion from 96 billion won the previous year, according to data by the Korea Exchange.In terms of market cap, the bourse had 3.6 trillion won as of Dec. 28, 2015, soaring from 1.4 trillion won posted at end-2014, the dat
Jan. 18, 2016
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Park vows to join signature-collecting campaign over bills' delay
President Park Geun-hye on Monday joined an ongoing signature-collecting campaign calling for parliamentary approval for a set of bills meant to revitalize the economy.Park said she hopes that the National Assembly would heed calls from the public and business organizations and quickly pass the bills."I participated in (the campaign) to provide support to you and I hope that the minds of the people and businessmen are well conveyed," Park said after signing her name on a paper in Pangyo, south o
PoliticsJan. 18, 2016
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The Beach Boys to hold first Korea concert at Conrad Seoul
Iconic 1960s American rock band the Beach Boys will hold a concert at Conrad Seoul Grand Ballroom on March 21. Titled “An intimate evening at Conrad Seoul; featuring America’s iconic band, The Beach Boys,” the band’s first ever performance in Korea will offer a special opportunity to experience the Beach Boys’ performance from right in front of the stage, Conrad Seoul said in a press release. American rock band “The Beach Boys” (Conrad Seoul) A legendary rock band known for surf music, including
PerformanceJan. 18, 2016
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Pyongyang scattering propaganda leaflets into South daily: Defense Ministry
North Korea has been scattering propaganda leaflets into South Korea almost daily since the operation began early last week, the Defense Ministry said Monday."Since the first related news report, the North Korean military is spreading leaflets on almost a daily basis," ministry spokesman Kim Min-seok said in a regular briefing.The accumulated number of North Korean leaflets that have arrived in South Korea is reaching about 1 million and many of them have been collected, Kim noted. North Korea w
North KoreaJan. 18, 2016
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Korea toughens punishment on unruly air passengers
South Korea will impose tougher punishments on disruptive air passengers as part of its efforts to boost aviation safety and curb air rage incidents, the transportation ministry said Monday.The revised aviation law, effective Tuesday, slaps a five year-prison term or a fine of 50 million won on those who threaten the pilot during flight, up from a fine of 5 million won, according to the Ministry of Land, Infrastructure and Transport.Drunken passengers who injure other passengers will face a fin
Social AffairsJan. 18, 2016
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Consumer agency to sue SK chairman, mistress
A private financial consumer group said Monday that it would bring SK Group chairman Chey Tae-won and his mistress to the prosecution on charges of embezzlement and violation of the local foreign exchange control law.SK Group chairman Chey Tae-won (Yonhap)The Financial Consumer Agency referred the case to the Seoul Central District Prosecutors’ Office, alleging that the SK chairman’s 41-year-old mistress, identified by her surname Kim, made an unreasonably quick fortune through illegal transacti
Jan. 18, 2016
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Hyundai’s green car Ioniq to hit U.S. market in Q3
Hyundai Motor will roll out its first full-on “green car,” the Ioniq, in the U.S. market in the third quarter of the year, Automotive News reported Monday. Hyundai’s Ioniq hybridThe U.S. media outlet quoted Hyundai Motor America CEO Dave Zuchowski as saying the company will bring the hybrid and all-electric versions of its Ioniq five-door hatchback in the third quarter to the market. The plug-in hybrid electric vehicle version will follow the suit in the future. A Hyundai spokesman refused to c
MobilityJan. 18, 2016
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Celltrion’s Remicade biosimilar nearing U.S. approval
Celltrion is drawing closer to launching its rheumatoid treatment Remsima in the U.S. The company said Monday that the U.S. Food and Drug Administration is scheduled to hold a committee meeting Feb. 9 (local time) to review and discuss Remsima’s approval in the North American market. Remsima is a biosimilar replication of Johnson & Johnson’s blockbuster rheumatoid arthritis treatment Remicade.The entrance to Celltrion's headquarters in Incheon (Yonhap) The news prompted Celltrion shares to sur
IndustryJan. 18, 2016
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Seoul to boost its missile defense program: DAPA chief
South Korea's arms procurement agency will concentrate efforts on upgrading the country's Patriot missiles and developing long-range ground-to-air missiles to counter North Korea's threats, its chief said Monday.North Korea declared that it successfully conducted a hydrogen bomb test on Jan. 6. The outside world suspects the test might have been based on a conventional atomic bomb, or a boosted fission bomb at best, but nevertheless the recent test showed the communist country is advancing its n
DefenseJan. 18, 2016
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Hyundai, Kia second-fastest growing brand in France
Hyundai Motor and its smaller affiliate Kia Motors were the second-fastest growing car brands in France in 2015, industry data showed Monday. (Yonhap)The two South Korean carmakers sold a combined 53,114 units in France last year, up 17.1 percent from a year earlier, according to the data provided by a local automobile association and the Korea Trade-Investment Promotion Agency. The on-year growth rate marked the second sharpest following a 19.1 percent gain of Mercedes-Benz. BMW ranked third wi
BusinessJan. 18, 2016
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Preorders for Kia’s K7 top 4,500 units in 4 days
Preorders for Kia Motors’ all-new K7 sedan topped 4,500 in just four days following its media debut last week, company data showed Monday.The figures come after the country’s second-largest carmaker began accepting preorders for the K7 on Jan.12.Kia Motors first unveiled the K7 to the media on Jan. 11, referring to Toyota‘s Avalon as the car’s main competition. The official launch for the K7 is scheduled for later this month.The new K7 comes in four different types of power trains, including 2.4
BusinessJan. 18, 2016
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W80tr fund to support new industries
The government said Monday it would inject 80 trillion won ($66 billion) of public funds this year to nurture new growth engines, including smart cars, surgical robots and software content, in the latest attempt to realize its creative economy drive.Sangam-dong in western Seoul (Yonhap)In a joint policy report to President Park Geun-hye, relevant ministries said they would build Asian versions of California’s Silicon Valley at Sangam, in Seoul, and Pangyo, in Gyeonggi Province, to embrace more i
BusinessJan. 18, 2016
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Korea's stock day trading doubles in 2015
Day trading of shares in Korea doubled in 2015 from a year earlier as overall stock transactions rose and mobile gadgets boosted convenience for investors, the bourse operator said Monday.The Korea Exchange said day trading came to 119.4 billion shares worth 658 trillion won in 2015 on the benchmark KOSPI and the tech-laden KOSDAQ markets.Last year's trading volume was up 100 percent from 59.7 billion shares in 2014, with the turnover rising 98.7 percent from 331 trillion won, according to the K
Jan. 18, 2016
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Mobile trading of stocks more than doubles in 2015
Mobile trading of stocks more than doubled in Korea last year to account for 27 percent of all transactions on Seoul’s main stock market, bourse operator Korea Exchange said Monday. (123rf)On the secondary Kosdaq bourse, trading via mobile devices such as smartphones and tablets surged past 30 percent for the first time in 2015, it said. The ratio of mobile transactions on the retail investor-driven Kosdaq has been rising sharply in the past years, moving from 4.1 percent in 2010 to 24.35 percen
BusinessJan. 18, 2016