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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Tearful Obama pleads for 'urgency' on gun control
President Barack Obama shed tears Tuesday as he announced limited measures to tackle rampant U.S. gun violence and called on Americans to punish lawmakers who oppose more meaningful reforms.Flanked by survivors of the gun violence that kills around 30,000 Americans every year, and relatives of those killed, Obama became emotional as he remembered 20 elementary school children shot dead three years ago in Newtown, Connecticut. U.S. President Barack Obama wipes tears after making the announcement
World NewsJan. 6, 2016
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After leaks, Korea opens center for credit data
Min Sung-ki, the inaugural chief of Korea Credit Information Services (KCIS)Korea Credit Information Services, a pan-industry body tasked with data preservation and protection, was launched in Seoul on Tuesday amid mounting calls for data security after a series of large-scale information leaks. The new entity will act as a centralized data center for personal credit information, taking over data collected and preserved by five different organizations across banking, credit card and insurance.
Jan. 6, 2016
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Seoul shares start weaker on tech, chemical losses
South Korean shares opened lower on Wednesday on losses in tech and chemicals firms.The benchmark Korea Composite Stock Price Index (KOSPI) edged down 1.72 points, or 0.09 percent, to 1,928.81 in the first 15 minutes of trading.Market heavyweights traded mixed.Top market cap Samsung Electronics fell 0.66 percent, while global chipmaker SK Hynix advanced 0.16 percent.No. 1 automaker Hyundai Motor gained 0.7 percent, and its smaller affiliate Kia Motors rose 0.59 percent.LG Chem, the country's top
Jan. 6, 2016
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Korea to face Saudi Arabia in final test before Olympic qualifiers
South Korea will face Saudi Arabia in Dubai on Thursday in their final test match before next week's Olympic qualifiers.South Korea's under-23 squad defeated the United Arab Emirates 2-0 on Tuesday at Maktoum Bin Rashid Al Maktoum Stadium, and will return to the same venue to take on Saudi Arabia.South Korea have not yet lost to Saudi Arabia at the U-23 level, with three wins and two draws.It will be the final prep match for South Korea before the 2016 AFC U-23 Championship in Qatar from Jan. 12
SoccerJan. 6, 2016
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New business hotels in Seoul spice up competition
A series of new business hotels have popped up or are set to open in Seoul to attract budget-conscious travelers, but their rapid expansion raises concerns over tighter competition and margins, industry officials said Wednesday. Local and global hotel chains have been building mid-range hotels or renovating existing facilities in the bustling downtown areas and near tourist attractions in the capital to target a growing number of travelers.Many of the hotels have sprung up in Myeongdong, a downt
IndustryJan. 6, 2016
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Korea's listed firms top 2,000 mark in 2015: data
The number of listed companies in South Korea surpassed the 2,000 mark last year due to an initial public offering boom in the KOSDAQ and KONEX markets, data showed Wednesday.According to the Korea Exchange, there were 2,030 firms listed on the benchmark KOSPI market, the tech-heavy KOSDAQ and the KONEX market for ventures and startups as of late 2015, up 125 from 1,905 tallied a year earlier."By market, the number of companies on the KOSPI dipped from 773 to 770, but a surge in IPOs propped up
IndustryJan. 6, 2016
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KT halts sales of Xiaomi in Korea
South Korea's No. 2 mobile carrier KT Corp. has suspended selling China-based Xiaomi Inc.'s smartphone, industry sources said Wednesday, only two days after it started sales.KT started sales of the Xiaomi Redmi Note 3 through online shopping site Interpark Corp. on Monday The sources said the move came due to "legal matters related to sales."It marked the first time for a South Korean mobile carrier to distribute Xiaomi's smartphones.Amid the rising popularity of budget smartphones in the countr
IndustryJan. 6, 2016
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Kerry mourns passing of former Amb. Bosworth
U.S. Secretary of State John Kerry on Tuesday mourned the death of former U.S. Ambassador to South Korea Stephen Bosworth, calling him "a legend" and "one of our nation's most capable and admired diplomats."Bosworth, a career diplomat who also served as special representative for North Korea policy and ambassador to the Philippines and Tunisia, died at his home in Boston on Sunday after suffering from prostate cancer. "From his tireless efforts as special representative for North Korea policy to
Foreign AffairsJan. 6, 2016
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Obama urged Japan to resolve sexual slavery issue: aide
U.S. President Barack Obama has urged Japan to take steps to resolve tensions with South Korea over its wartime sexual slavery, a senior aide was quoted as saying in the wake of last week's landmark deal between Seoul and Tokyo to resolve the dispute."He has encouraged Japan to take steps to address the legitimate grievances of the comfort women and the Korean people.And he has urged Japan to be mindful of the legacy of history and to take steps to address that legacy," Deputy National Security
Foreign AffairsJan. 6, 2016
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U.S. seminar on Japan's wartime sexual slavery to feature controversial scholar
The U.S. think tank Wilson Center plans to host a discussion about Japan's wartime sexual slavery next week that will feature a South Korean scholar accused of defaming victims of the atrocity.The Jan. 11 event is aimed at discussing how to address issues of historical contention, and what role the United States could play to ensure that historical reconciliation between South Korea and Japan continues to move forward, the Wilson Center said. Participants in the event will include Park Yu-ha, a
Foreign AffairsJan. 6, 2016
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Korea's foreign exchange reserves shrink in Dec.
South Korea's foreign exchange reserves dwindled for a second consecutive month in December largely due to a devaluation of non-U.S. dollar assets, the central bank said Wednesday.The country's foreign exchange reserves came to $367.96 billion at the end of last month, down $500 million from the previous month, according to the Bank of Korea.From a year earlier, the total gained $4.4 billion. Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, as well
Jan. 6, 2016
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Hyundai, Kia see U.S. sales grow 7% in Dec.
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States grow 7 percent in December, thanks to a nearly 20 percent jump in Kia's sales, industry data showed Tuesday.The two South Korean auto giants sold a combined 117,749 units in the U.S. last month, up from 110,094 units during the same period last year, the data showed. Hyundai's sales fell slightly from a year earlier, logging 63,508 units, a 1.5 percent drop from last year's 64,507. But Ki
IndustryJan. 6, 2016
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North Korea successfully conducts SLBM test last month: U.S. report
North Korea successfully conducted a submarine-launched ballistic missile test in late December, about a month after a previous test failed, a U.S. news report said Tuesday. Photograph of a SLBM test launch released by Pyongyang in May, 2015. YonhapThe ejection test of a KN-11 missile from a submerged submarine took place on Dec. 21 near the eastern port of Sinpo, the Washington Free Beacon reported, citing unidentified U.S. defense officials.The test followed a Nov. 28 test in which a KN-11 mis
North KoreaJan. 6, 2016
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'Descendants of the Sun' to be aired in Feb. in Seoul, Beijing
A new drama series, titled "Descendants of the Sun," will be aired in South Korea and China in February, featuring top Korean actors and actresses, a local broadcaster said Tuesday.Featuring South Korean actor Song Joong-ki and actress Song Hye-kyo, the show will be based on a fictional country and revolve around the romantic relationship of a soldier and a doctor.The series ended its production last month, with an investment of 12 billion won ($10 million). It will be aired by the country's top
TelevisionJan. 6, 2016
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Lippert sends out New Year's cards to officials
Mark Lippert, the U.S. ambassador to South Korea, sent out New Year's cards to the country's political and governmental officials, sources said Tuesday, which came with a family photo including his son, who was born in Seoul.The card, which had New Year's messages in English and Korean, were sent to local officials. It included a photo of his son, who was born last year.Lippert gave his son the Korean middle name of Sejun, literally meaning "clean and excellent." The move was seen by many as his
Foreign AffairsJan. 6, 2016
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S. Korea probing possible error in repatriation of remains of Chinese soldiers
The Defense Ministry opened Tuesday an investigation into allegations that the remains of North Korean soldiers were mistakenly included when South Korea repatriated the remains of Chinese soldiers killed during the 1950-53 Korean War.Following an agreement with China in 2013, South Korea sent home what were believed to be the remains of 437 Chinese soldiers in 2014 who fought alongside North Korea against the South during the war. Remains of another 68 soldiers were repatriated in March last ye
DefenseJan. 5, 2016
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Park’s salary to rise by 3 percent
The Cabinet has decided to raise President Park Geun-hye’s annual salary by more than 3 percent and expand the merit-based wage system in the public sector, the Ministry of Personnel Management announced Tuesday. Park is set to earn 212 million won ($179,000) this year, compared to 205 million won last year, after the Cabinet approved the bill on government employees’ salaries in the meeting held in the morning.Given that the nation’s average consumer price inflation stood at 0.7 percent last ye
Social AffairsJan. 5, 2016
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Prosecutors seek 1-year jail term for ex-PM
Prosecutors on Tuesday sought a one-year jail term for a former South Korean prime minister on charges of receiving bribes from a deceased businessman. Former Prime Minister Lee Wan-koo was accused of receiving 30 million won (US$25,000) at his election office in April 2013 from Sung Wan-jong, the late chairman of construction firm Keangnam Enterprises Inc.Prosecutors said the sentence demand came as Lee's actions "severely damaged" the laws related to the transparency of political fundings.The
Social AffairsJan. 5, 2016
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Opposition calls for renegotiation of sex slavery deal
The main opposition party on Tuesday called on the Seoul government to renegotiate last month’s agreement with Tokyo to settle Japan’s wartime sexual enslavement of Korean women and apologize to victims for the “unilateral” deal.Four senior lawmakers of the Minjoo Party of Korea including its floor leader Rep. Lee Jong-kul made the demands during their hour-long talks with Foreign Minister Yun Byung-se at his office in Seoul.The lawmakers also said that Seoul should not accept Tokyo’s contributi
Foreign AffairsJan. 5, 2016
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Caffe Bene founder crashes from dizzying heights
Caffe Bene, a leading local coffee chain, announced Dec. 30 that a private equity fund has become its largest shareholder. “The fifth K3 Fund, a private equity fund, has taken an 84.2 percent stake in the coffee chain,” a company official said. Industry watchers said the ownership change in the homegrown coffee chain is expected to lighten its strained finances by lowering the company’s debt ratio to 300 percent from the previous 865 percent. The change in governance not only highlights the dire
IndustryJan. 5, 2016