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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Miss Universe Korea names 80-year-old model 'best dressed'
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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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Panel makers set sights on curved TV panels amid slump
Global panel makers are poised to ramp up their production of curved models this year in an effort to find a new source of profit amid a slowing global TV market, industry sources said Monday.According to data compiled by China-based market tracker Sigmaintell, global shipments of curved liquid crystal displayTVs are expected to reach 12.5 million units in 2016, up sharply from the 6.1 million units last year.In 2015, Samsung Display Co. was the largest vendor of curved display TVS with shipment
IndustryJan. 11, 2016
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N.K. leader defends its nuke test as self-defense move
North Korean leader Kim Jong-un has stressed the need for nuclear deterrence as self-defense at a meeting with nuclear scientists and other officials who contributed to last week's nuke test, Pyongyang's state media said Monday.Kim held a photo session with nuclear scientists, technicians, soldiers and other officials who have contributed to what the North claimed was a successful test of a hydrogen bomb on Wednesday, according to the Korean Central News Agency. It did not reveal the time of his
North KoreaJan. 11, 2016
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Shipbuilders cut 3,000 jobs last year amid slump
South Korean shipyards, led by Hyundai Heavy Industries Co., slashed their workforces by some 3,000 in 2015 as they struggled with mounting losses stemming from a delay in the construction of offshore facilities and an industrywide slump, industry data showed Monday.According to the data, some 3,000 employees were let go by the country's top three shipyards -- Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- last year.Including workers at their subc
Jan. 11, 2016
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S. Korea begins quest for Olympic football berth vs. Uzbekistan
South Korea's quest for their eighth consecutive Olympic appearance in men's football will begin this week in Qatar.Coached by former international Shin Tae-yong, the South Korean men's under-23 team will open the 2016 Asian Football ConfederationU-23 Championship in Qatar against Uzbekistan. The kickoff at Suhaim Bin Hamad Stadium in Doha will be 7:30 p.m. Wednesday (local time), which is 1:30 a.m. Thursday in South Korea.The two countries are paired in Group C, along with Yemen and Iraq. The t
SportsJan. 11, 2016
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'The Himalayas' breaks 7 million admissions
Director Lee Seok-hoon's "The Himalayas" has broken the 7 million mark in less than a month, its distributor said Monday.The movie based on the true story from 2005 follows mountaineer Um Hong-gil who sets out to retrieve the body of his late junior climber on Mount Everest.The milestone was reached Sunday afternoon, CJ Entertainment said."The Himalayas" drew a record 203,000 people for a human interest film on its opening day of Dec. 16. It also gathered a record Christmas crowd of 746,420. (Yo
FilmJan. 11, 2016
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White House chief: U.S. to 'deeply isolate' N. Korea
The United States will work with allies and partners to "deeply isolate" North Korea and the communist regime will continue to remain "an outcast" unless it lives up to its denuclearization commitments, the White House chief of staff said Sunday.Denis McDonough made the remark in an interview with CNN in response to a question on what new steps the U.S. will be taking to punish Pyongyang for its fourth nuclear test last week that the North claimed involved a hydrogen bomb."As it relates to what
Foreign AffairsJan. 11, 2016
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Seoul shares open lower on U.S. losses
South Korean shares opened sharply lower on Monday, taking a cue from losses on Wall Street last week.The benchmark Korea Composite Stock Price Index lost 17.57 points, or 0.92 percent, to 1,990.05 in the first 15 minutes of trading.Most large caps opened in negative terrain with top market cap Samsung Electronics slipping 1.62 percent.No. 1 automaker Hyundai Motor lost 1.47 percent with its smaller affiliate Kia Motors shedding 1.96 percent.On Friday, the Dow Jones Industrial Average sank 1.02
Jan. 11, 2016
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Average daily bond turnover hits fresh high in 2015
The average daily trading volume in the South Korean bond market hit an all-time high in 2015 amid an economic slowdown and prolonged uncertainties, data showed Monday.The daily turnover of the bond market came to 7.11 trillion won last year, up 26.8 percent from a year earlier, according to the data by the Korea Exchange. The figure has been on a steady rise for the past several years, except in 2013, from 2.32 trillion won in 2010 to 3.28 trillion won in 2011 and 5.45 trillion won in 2012, the
Jan. 11, 2016
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Increasing number of Koreans in U.S. renounce Korean citizenship
An increasing number of South Koreans in the United States are renouncing their Korean citizenship, with more than 2,000 such cases filed with the consulate general in Los Angeles, data showed Sunday.A total of 2,117 people renounced their South Korean citizenship in cases filed with the LA consulate last year. It was the first time that the number of citizenship renunciation requests received at the mission has exceeded 2,000.Such cases have been on the rise in recent years, with 1,468 in 2013
Social AffairsJan. 11, 2016
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Trump calls N.K. 'disgrace,' calls for China to fix problem
Calling North Korea a "disgrace," Republican presidential front-runner Donald Trump said Sunday that China should solve the problem as Pyongyang's main benefactor or be forced to see its trade with the United States suffer.It was the latest in a series of remarks that Trump has been making since the North's nuclear test last week to underscore his point that China has "total control" over Pyongyang, and the U.S. should force Beijing to fix the problem of the North."I think North Korea is a disgr
Foreign AffairsJan. 11, 2016
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BOK expected to hold rate steady amid household debt concerns
South Korea's central bank is expected to stand pat on its key rate for another month as a recent U.S. rate hike and growing concerns over fast rising household debts prevent an additional rate cut, a poll showed Monday.In a monthly poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 15 out of 17 economists surveyed projected the Bank of Korea to keep its key interest rate frozen at 1.5 percent for January at its monthly rate-setting meeting Thursday.The BOK has kept
BusinessJan. 11, 2016
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Police think tank forecasts rise in elderly crimes
Crimes committed by senior citizens are expected to increase this year mainly due to financial difficulties, despite the decrease in the overall crime rate, a police-affiliated think tank said Sunday.The Police Science Institute, operated under the state-run Korean National Police University, predicted that Korea’s high elderly poverty rate would result in more crimes by underprivileged senior citizens aged 61 or older. According to “Pensions at a Glance 2015” by the Organization for Economic Co
Social AffairsJan. 11, 2016
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Police arrest man for smuggling migrant into Sweden by boat
Swedish police arrested a man early Sunday as he allegedly tried to smuggle a migrant into the country aboard a rubber dinghy, the first such case since Sweden imposed systematic ID checks, police said. "This is the first arrest in southern Sweden for suspected human trafficking since the ID checks were introduced" on January 4 for travellers arriving from Denmark, police spokeswoman Kim Hild said. A Norwegian sea rescue team had observed the dinghy leaving the Danish town of Helsingor an
InternationalJan. 10, 2016
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French president, rocker honor 2015 attack victims
French President Francois Hollande and other dignitaries held a special ceremony Sunday to honor all those killed in Islamic extremist violence around Paris in 2015 - a year when the European way of life was targeted time and again with deadly consequences. At least one attacker is at large, and France's top security official acknowledged Sunday that authorities don't know his whereabouts. The country is under a state of emergency after attacks Nov. 13, and a police station was attacked Thu
InternationalJan. 10, 2016
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Korean architect to lead Hyundai GBC project
Hyundai Motor Group said Sunday it appointed Korean architect Kim Jong-sung as the head of a multibillion-dollar project to build the Hyundai Global Business Center in Samseong-dong, an affluent business district in southern Seoul, by 2023. The 82-year-old architect, part of the first generation to develop the nation’s modern architecture, will coordinate various architecture projects developed for the landmark multipurpose business complex on the 79,342-square-meter site, the company officials
MobilityJan. 10, 2016
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[Newsmaker]Mexico drug lord Guzman faces U.S. extradition battle
MEXICO CITY (AFP) - Mexican authorities announced Saturday they will begin the process of extraditing drug kingpin Joaquin “El Chapo” Guzman to the United States, as his lawyer vowed a tough legal battle.President Enrique Pena Nieto’s government had balked at extraditing Guzman prior to his prison break in July but the administration has apparently changed tack after recapturing him on Friday.The attorney general’s office said it received two U.S. extradition requests last year on a slew of char
World NewsJan. 10, 2016
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Korean automakers bet on green cars, SUVs and luxury sedans
In contrast with falling car sales overseas, domestic sales by Korean automakers posted a record high of 1,558,000 units in 2015, 7.7 percent up from a year ago, according to the Ministry of Trade, Industry and Energy on Sunday. The five automakers running production lines here include Hyundai, Kia, General Motors Korea, Renault Samsung and Ssangyong Motor. “Along with new car launches, the temporary reduction in special consumption tax -- aimed at boosting domestic spending -- lifted domestic c
MobilityJan. 10, 2016
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Ahn holds first convention for his new party
Independent Rep. Ahn Cheol-soo’s political group Sunday convened the first major gathering of founding members and key leadership, accelerating its efforts to build a new opposition party ahead of the April general elections. With 1,978 members and eight incumbent lawmakers attending the event in Seoul, the group forged a consensus over party platforms and key regulations. Ahn’s new “People’s Party,” its provisional name in English, is slated for launch on Feb. 2. Under the slogan of “bold ch
PoliticsJan. 10, 2016
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Baby boomer retirement casts shadow on housing market
The number of homeowners in Korea stood at 12.65 million at the end of 2014, with about 1.72 million of them possessing more than two houses, according to figures released by the state statistical office last week.Their average age was 53.6, up 0.4 years from the 2013 figure. People in their 40s and 50s accounted for more than half of homeowners, with the proportion amounting to 16.8 percent for those in their 60s, 14.6 percent for 30-somethings and 11 percent for septuagenarians.Notably, the nu
Jan. 10, 2016
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Can Saenuri Party take 180 seats?
With fewer than 100 days until South Korea holds its April general elections, debates have erupted regarding whether or not the ruling party can seize a supermajority status in the National Assembly.The ruling Saenuri Party has reiterated that it would win 180 out of the 300 parliamentary seats, a number that allows the party to pass contentious legislation without reaching a consensus with the minor ones. According to the National Assembly Act Articles 85 and 86, pending bills cannot be put to
PoliticsJan. 10, 2016