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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Miss Universe Korea names 80-year-old model 'best dressed'
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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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Park presides NSC over N.K. H-bomb test
President Park Geun-hye presided over the National Security Council over North Korea’s claim to have successfully conducted a hydrogen nuclear bomb test on Wednesday.The NSC will convene at 1:30 p.m. to discuss the measures to deal with the North’s latest provocation.The foreign affairs and unification ministries entered into emergency mode.The Defense Ministry said it is working closely with the U.S. following the North’s announcement that came a few hours after the world’s seismic analysis cen
North KoreaJan. 6, 2016
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Seoul vows sanctions against N.K. hydrogen bomb test
The Seoul government said Wednesday it would not tolerate North Korea's hydrogen bomb test, warning it would pay for the consequences, indicating an immediate implementation of sanctions against Pyongyang.The government also said that the test violated the U.N. Security Council resolution and that it was a serious threat to international peace.The South entered into an emergency mode upon detection of an artificial earthquake by the world’s seismic analysis centers at around 10:30 a.m.The North
North KoreaJan. 6, 2016
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Korea's growth potential to suffer further erosion: report
South Korea's growth potential will likely continue dwindling over the next three years weighed by poor consumer spending and sluggish investment, a central bank report said Wednesday.According to a report by Kang Hwan-koo, an official from the Bank of Korea's research department, the country's growth potential suffered a heavy loss after the 2008 global financial crisis, dipping from an annual growth of around 5 percent between 2000 and 2005 to the mid-3-percent range in the 2011-2014 period.Ba
Jan. 6, 2016
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Seoul denounces Pyongyang's H-bomb test
South Korea denounced North Korea's hydrogen bomb test Wednesday as a violation of U.N. Security Council resolutions.Vice Foreign Minister Lim Sung-nam made the remarks shortly after the North made an announcement claiming to have successfully tested a hydrogen bomb earlier in the day. It is North Korea's fourth test of a nuclear device."North Korea's provocation is in clear violation of Security Council resolutions and a serious challenge to international peace and security," he said during an
North KoreaJan. 6, 2016
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Seoul shares down 0.54% in late morning trade
Seoul shares down 0.54 pct in late morning tradeSouth Korean stocks traded 0.54 percent lower late Wednesday morning on losses in techs and automakers.The benchmark Korea Composite Stock Price Index lost 10.36 points to 1,920.17 as of 11:20 a.m.Tech and auto stocks led the overall market decline. Top market cap Samsung Electronics shed 2.98 percent, and global chipmaker SK Hynix fell 0.49 percent.No. 1 automaker Hyundai Motor declined 1.39 percent, and its smaller affiliate Kia Motors went down
Jan. 6, 2016
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FDI in Korea hits fresh high in 2015
New foreign direct investment pledged to South Korea jumped 10 percent to hit a fresh record high in 2015 on a large increase in investments from China, the government said Wednesday.The new FDI pledges came to US$20.9 billion last year, up from the previous record of $19 billion set in 2014, according to the Ministry of Trade, Industry and Energy.The amount of new FDI arrivals here also soared 32.3 percent on-year to a record high of $16 billion in 2015.Last year's jump was attributed to a 66.3
IndustryJan. 6, 2016
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Local autonomy should be adopted in North Korea after unification: report
South Korea needs to introduce a local autonomy government system in North Korea for social integration if the South-led unification takes place, a report showed Wednesday.The adoption of such a system in North Korea will contribute to bringing integration and stability to a unified Korea as it can give North Koreans a chance to embrace democracy, according to the report by the Industry Academic Cooperation Foundation under Handong Global University.The report was written at the request by the U
North KoreaJan. 6, 2016
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CJ to step up global expansion through M&As
CJ Group, South Korea's leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions in the bio and logistics business to foster new growth drivers, company officials said Wednesday. CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun's indictment on embezzlement and tax evasion in 2013.The firm's sales growth has cooled to single digits over the past three years. Its consolidated sales were 29.1 trillion won ($24.5 billi
IndustryJan. 6, 2016
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Top court orders retrial for army officer convicted of condemning ruling party
The nation's top court has returned to a lower military court a ruling that convicted an army officer of criticizing the ruling party on social media in violation of the Public Servant's Act, court officials said Wednesday.The captain, whose identity was withheld, was indicted in 2013 over tweeting negative comments about the Saenuri Party during the 2012 presidential election.The current law prohibits civil servants from taking part in political activities such as holding rallies or voicing pol
Social AffairsJan. 6, 2016
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Korea's auto imports top $10 bln in 2015 for first time: data
South Korea's annual imports of automobiles topped $10 billion in 2015 for the first time since the country opened its market to foreign brands nearly three decades ago, government and industry data showed Wednesday.According to the data by the commerce ministry and the auto industry, South Korea imported a total of $9.49 billion worth of passenger vehicles from Jan. 1 to Dec. 20 last year. If imports of trucks and other non-passenger vehicles estimated at $749.4 million until November are inclu
IndustryJan. 6, 2016
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Korea's food imports surge on greater demand
South Korea's food imports have been rising sharply in recent years mainly due to increased consumer demand for more diverse products, data showed Wednesday.Asia's fourth-largest economy posted 554,177 import reports of processed food and agrofisheries products in 2014, up 25.5 percent from 441,530 shipments tallied for the whole of 2010, according to data from the Korea Food and Drug Administration.Over the same period, the value of imports also shot up 45.5 percent, while the volume of inbound
IndustryJan. 6, 2016
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U.S. Geological Survey reports earthquake near North Korea's nuclear test site
The U.S. Geological Survey reported Tuesday that an earthquake has taken place near North Korea's nuclear test site.USGS said the magnitude-5.1 quake occurred 49 kilometers from the North's northeastern city of Kilju, where the country's Punggye-ri nuclear test site is located, at 1:30 a.m. GMT on Wednesday. (Yonhap)
North KoreaJan. 6, 2016
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FM convenes emergency meeting over North Korea quake
Foreign Minister Yun Byung-se convened an emergency meeting Wednesday amid reports of an earthquake in North Korea seen as a possible nuclear test.China's earthquake center said the 4.9-magnitude earthquake is suspected to have been an explosion, raising the possibility the North conducted its fourth nuclear test."The Foreign Ministry is currently holding a meeting presided over by the minister to immediately determine the situation following the reports," a ministry official said. (Yonhap)
North KoreaJan. 6, 2016
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Quake in North Korea suspected to be 'explosion': report
A 4.9-magnitude earthquake was detected in North Korea on Wednesday, China's state-run media reported, citing the country's earthquake monitoring agency that reportedly suspected the quake to be an explosion.The quake occurred at 9:30 a.m., the report by China's Xinhua news agency said, adding that the depth of the quake was zero kilometers."The epicenter was initially determined to be at 41.3 degrees north latitude and 129.1 degrees east longitude," the report said. The coordinates are close to
North KoreaJan. 6, 2016
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N.K. tests hydrogen bomb
North Korea successfully conducted a hydrogen nuclear bomb test on Wednesday, the North’s state media claimed, saying that it would continue to strengthen its nuclear deterrence so long as the U.S. maintains its hostile policy toward the communist state.News of North Korea`s hydrogen bomb test is shown on a screen at Seoul`s Ministry of National Defense on Wednesday. YonhapThe North’s Korean Central Television issued a “crucial report” at 12:30 a.m., two hours before the world’s seismic analysis
North KoreaJan. 6, 2016
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BOK convenes emergency meeting on N. Korea quake
South Korea's central bank moved quickly to minimize the fallout from what could be North Korea's nuclear test on the local economy Wednesday, convening an emergency meeting of the monetary policy board. "In regard to the North Korean issue, the Bank of Korea plans to hold an emergency meeting of its monetary and financial policy task force at 2 p.m. today," the bank said in a short text message. The Bank of Korea (Yonhap News) The decision to hold an emergency meeting comes only hours afte
BusinessJan. 6, 2016
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North Korea test-fired SLBM last month: South Korean military
North Korea conducted another ejection test of a ballistic missile from a submarine last month, but it was apparently unsuccessful, a South Korean military official said Wednesday."We have determined that North Korea conducted a submarine-launched ballistic missile ejection test last month," the official said, requesting anonymity.It seems that the test ended up a failure, he said, adding that it is expected to take "considerable time" for the secretive communist country to master the SLBM-relat
North KoreaJan. 6, 2016
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Chronology of North Korea’s nuclear, missile programs
Jan. 6, 2016: North Korea claims to have successfully conducted a hydrogen bomb test.(khnews@heraldcorp.com)
North KoreaJan. 6, 2016
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Japanese firms commit to higher wages
TOKYO -- Several large Japanese firms have indicated they are positive about raising employee wages amid Japan’s brightening economic prospects. Executives at these companies made direct or indirect pledges for higher salaries at a New Year’s gathering for key Japanese business groups on Tuesday. Chairman and CEO of Hitachi Hiroaki Nakanishi said Hitachi would actively consider increasing wages for employees based on the belief that “wages will help raise morale.” Hitachi Chairman Hiroaki Nakan
BusinessJan. 6, 2016
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Pyongyang claims to have developed H-bomb
North Korea on Wednesday claimed that it has successfully developed a hydrogen bomb, saying that the earthquake detected in its northwestern region was impact from a test. According to announcements from Pyongyang’s official news agency, the regime has developed a hydrogen bomb, and warned the U.S. and other nations.Saying that the newly developed weapon was “hydrogen bomb of justice,” the news agency also said that North Korea is seeking peace and that it will not use nuclear weapons unless pro
North KoreaJan. 6, 2016