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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Yoon warns North Korea against nuclear attack attempt
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Shut up and dance
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Seoul mayor suggests shift in immigration policy
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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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'Smart pill'? ADHD treatment prescriptions spike this year
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BAT Korea appoints marketing director as new CEO
Erik StoelErik Stoel, marketing director of British American Tobacco Korea, has been appointed its new chief executive, the company announced Tuesday.Stoel will take office on Jan. 1, replacing the incumbent CEO Guy Meldrum who has been transferred as head of BAT Australasia. “Over the past three years, in his role as marketing director of BAT Korea, Mr. Stoel has made a substantial contribution to the company by strengthening the company’s flagship brand Dunhill to establish BAT Korea’s stronge
IndustryDec. 29, 2015
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POSCO’s auto steel production evolves
Engineers at a plating unit check the quality of steel sheeting produced at POSCO’s Gwangyang plant in South Jeolla Province. POSCOFor lighter, stronger auto body frames, Korea’s top steelmaker POSCO has been producing advanced high-strength steel, the latest steel sheet production technology, with growing market demand.Advanced high-strength steel is one of the fastest-growing material markets in the automotive industry in and out of the country, as it offers enhanced formability and is lighter
IndustryDec. 29, 2015
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Citibank opens high-tech wealth management center
Citibank Korea CEO Park Jin-hei operates the bank’s interactive touch screen kiosk. Citibank KoreaCitibank Korea has opened a wealth management center that features digital innovation and a wide array of services in downtown Seoul, the bank said Tuesday. The Citigold Banpo Center is equipped with intuitive touch screens and high-definition media walls to promote customer engagement with its products and services.The bank also expanded its asset management system by launching a new service called
Dec. 29, 2015
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Asiana Air gets nod for 2nd budget carrier
After months of hurdles, Asiana Airlines, the nation’s second-largest flag carrier, has won the government’s permission to operate its second low-cost carrier, moving forward to expand its market presence.The Ministry of Transport has issued a business license to Air Seoul, the second low-cost carrier launched by Asiana Airlines, the air carrier said Monday evening. The government said the license was issued in line with a steady growth in air traffic with an annual average of 7.8 percent. Air S
IndustryDec. 29, 2015
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Soldier completes rehab after double amputation
Staff Sgt. Hah Jae-hun. YonhapAn Army staff sergeant who lost both legs in the North Korean landmine attack in early August was discharged from the hospital Tuesday after five months of treatment and rehabilitation that has enabled him to use prosthetic limbs.Twenty-one-year-old Staff Sgt. Hah Jae-hun was conducting a patrol mission on the South Korean side of the Demilitarized Zone when landmines buried by North Korea exploded and maimed him and another soldier on Aug. 4. The landmine attack, f
DefenseDec. 29, 2015
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Political feud biggest obstacle to social cohesion: survey
Koreans pointed to political feuds as the biggest reason for deteriorating social conflicts in the country, a state-led survey showed Tuesday. According to the poll by the Presidential Committee for National Cohesion, 51.8 percent of the respondents said that the political wrangling between the ruling party and opposition bloc contributed most to worsening social confrontations. In the multiple-choice survey of 2,000 Koreans aged 19 and over, the wealth gap was chosen as the second-biggest facto
Social AffairsDec. 29, 2015
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High-ranking officials to face tougher evaluations
Lee Geun-myeon, minister of personnel management.The work performance evaluation of high-ranking public servants will be tightened, possibly even leading to their dismissal, officials said Tuesday.The Ministry of Personnel Management said starting next year the evaluation criteria and penalties will be strengthened to raise the work efficiency of civil servants who had thus far enjoyed great job security.The move came after public pressure to enhance the “superficial” performance evaluation.Unde
Social AffairsDec. 29, 2015
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Samsung mass-produces first all-in-one bioprocessor
Samsung’s all-in-one bioprocessorSamsung Electronics said Tuesday it has started mass-producing the world’s first all-in-one bioprocessor that collects and analyzes biological information such as heart rate and body fat in a single chip. In recent years, global device-makers have been piling into the soaring health care device market, but most of their fitness trackers have not gone much beyond heart rate or sleep quality monitors. With the unprecedented one chip solution, Samsung said it aims t
TechnologyDec. 29, 2015
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Debt is Korea’s biggest economic problem: FSC
Yim Jong-yongFinancial Services Commission Chairman Yim Jong-yong pinpointed household and corporate debt as the biggest potential problems for the Korean economy, calling for “fierce reforms” to guard against them. “The debt problem, (particularly) of households and corporates, is the biggest risk to our economy,” the chief financial regulator said in his year-end press meeting in central Seoul, Tuesday. Korea’s economy faces multiple challenges, including an uncertain global economic outlook,
Dec. 29, 2015
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After accord, Seoul begins work on fund for former sex slaves
Vice Foreign Minister Lim Sung-nam meets victims of Japan’s wartime sex slavery in Seoul on Tuesday. YonhapThe Seoul government on Tuesday set the ball rolling to execute Monday’s bilateral agreement with Tokyo to settle the issue of Japan’s wartime sexual slavery, despite escalating controversy over the ambiguity of the clauses and objections from the victims and civic groups.Seoul’s Foreign Ministry began its internal preparatory work for the establishment of a fund to support the Korean victi
Foreign AffairsDec. 29, 2015
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Third Hanwha scion steps into limelight
Hangwha E&C manager Kim Dong-sun. YonhapKim Dong-sun, the third son of Hanwha Group chairman Kim Seung-youn, showed up at the media briefing Dec. 21 to showcase the Galleria Duty Free 63, the company’s duty-free store in Yeouido, southwest Seoul. Unlike the usual hierarchical introduction, Dong-sun came forward right after Hanwha Gelleria Time World CEO Hwang Yong-deuk, outranking four other vice presidents of the company. He also stood at the center when posing for photos at the opening of the
IndustryDec. 29, 2015
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Kumho chairman’s passion: Nurturing classical music talent
Kumho Asiana Group chairman Park Sam-koo (third from right) and pianist Cho Seong-jin (third from left) pose in November in Japan. Cho, the winner of the 2015 International Chopin Competition, participated in Kumho Foundation’s training program. Kumho Asiana Cultural FoundationOn Christmas Eve at the Kumho Art Hall in central Seoul, an old man approached a little boy sitting at the back row of the front bloc during the intermission of the Kumho Soloists’ recital.“Why don’t you come and sit with
IndustryDec. 29, 2015
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Gov't seeks victims' understanding over 'comfort women' deal
South Korea's No. 2 diplomats met with victims of Japan's wartime sexual slavery Tuesday to seek their understanding over a controversial deal aimed at ending the two countries' dispute over the crime.On Monday, Seoul and Tokyo reached a breakthrough agreement that centers on Japan's admission of responsibility for the atrocity and plans to pay reparations to the victims.Some of the victims, who are euphemistically called "comfort women," immediately denounced the deal as a political collusion b
Social AffairsDec. 29, 2015
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U.S., U.N. commend sex slavery settlement
A day after Seoul and Tokyo pulled off a compromise in their sex slavery row, the U.S., the U.N. and other actors in the international community churned out praise and support, displaying hopes for an end to the decades-old historical animosity. While acknowledging the need for Japan to follow through on its promises, they stressed the significance of what is supposed to be a “final and irreversible” closure of the dispute that has long plagued relations between the two neighbors and staunch U.S
Foreign AffairsDec. 29, 2015
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Rushed sex slavery deal blasted
Despite a much-touted breakthrough with Japan on sex slavery, criticism is simmering over Seoul’s apparently rushed negotiations that led to its failure to consult beforehand with the victims, leaving room for potential diplomatic blunders and political backlash at home. Monday’s announcement came as a surprise to many because the bilateral director-general-level talks had made little headway during the 11 rounds since April 2014. Even early this month, diplomatic sources remained skeptical of t
Foreign AffairsDec. 29, 2015
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Dongbu Daewoo Electronics Service names new chief executive
Korea’s third-largest electronics-maker Dongbu Daewoo Electronics said Tuesday that it had named Park Kwang-ho as the new chief executive of its subsidiary and after-sales service company Dongbu Daewoo Electronics Service.The incoming CEO served as the president of pesticide and fertilizer business Dongbu Farm Hannong in 2014 and led express bus operator Dongbu Express as president in 2013. Park Kwang-ho (Dongbu Daewoo Electronics Service)The CEO, who holds a bachelor’s degree in Economics from
TechnologyDec. 29, 2015
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LG takes on Dyson with motor tech
LG Electronics has recently made strides in the vacuum cleaner business by successfully developing a next-generation motor for the cleaning device, which the firm said was more powerful and energy efficient than those of Dyson, the world’s top vacuum cleaner-maker.The latest motor, dubbed the BrushLess Direct Current motor, is the successor of the smart invertor motor installed in the firm’s cordless vacuum cleaner lineup Cord Zero, which was released earlier this year. The latest vacuum cleaner
TechnologyDec. 29, 2015
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Political feuds biggest obstacle to social cohesion: survey
Koreans pointed to political feuds as the biggest reason for deteriorating social conflicts in the country, a state-led survey showed Tuesday. According to the poll by the Presidential Committee for National Cohesion, 51.8 percent of the respondents said that the political wrangling between the ruling party and opposition bloc contributed most to worsening social confrontations. In the multiple-choice survey of 2,000 Koreans aged 19 and over, the wealth gap was chosen as the second-biggest fac
Social AffairsDec. 29, 2015
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Asiana Air gets nod for 2nd budget carrier
After months of hurdles, Asiana Airlines, the nation’s second-largest flag carrier, has won the government’s permission to operate its second low-cost carrier, moving forward to expand its market presence.The Ministry of Transport has issued a business license to Air Seoul, the second low-cost carrier launched by Asiana Airlines, the air carrier said Monday evening. The government said the license was issued in line with a steady growth in air traffic with an annual average of 7.8 percent. Air S
IndustryDec. 29, 2015
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Maestro Chung Myung-whun announces departure from SPO
After 10 years at its helm, Seoul Philharmonic Orchestra’s maestro Chung Myung-whun has decided to lay down his baton. Citing the ongoing public disputes plaguing the controversy-filled SPO and the continued legal battles regarding the alleged mistreatment of employees by its former CEO Park Hyun-jung, conductor Chung officially resigned as the music director of the country’s most prestigious orchestra. In a letter sent to the SPO members on Tuesday, the conductor -- who has arguably establishe
PerformanceDec. 29, 2015