Most Popular
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AI textbook bubble could burst, expert warns
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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North Korean trash balloons cross border day after Seoul military parade
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Prosecution closes 'Dior bag' case amid opposition uproar
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Court confirms sentence for rapper who attempted to evade national service
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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[Kim Seong-kon] Understanding uniquely American things
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Ministry confirms irregularities in national soccer coach hiring
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Carter emphasizes South Korea support, visits buffer zone
U.S. Defense Secretary Ash Carter called on North Korea to shrink and eventually eliminate its nuclear weapons program, while acknowledging during a visit Sunday to the Demilitarized Zone dividing the two Koreas that prospects for reconciling with the defiant North are dim. ``For now what we have is what you see beyond us _ a very starkly divided and heavily defended border area,'' Carter told reporters as he stood on the South Korean side of a marker inside the DMZ that forms the de-facto borde
DefenseNov. 1, 2015
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Seoul, Beijing to share air quality data in real time
South Korea and China agreed to share air quality information in real time, upgrading the level of bilateral cooperation to protect public health from dust blowing in mainly from Chinese deserts.During a summit Saturday, South Korean President Park Geun-hye and Chinese Premier Li Keqiang inked a memorandum of understanding to share air quality data within an hour of measurement. Under the agreement, the measurement information will be transmitted through an exclusive file transfer protocol, offi
NationalNov. 1, 2015
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[Graphic News] Seoul, Beijing to collaborate on vision of transcontinental networks
South Korea and China on Saturday agreed to strengthen bilateral cooperation on their shared vision of building logistics, trade and infrastructure networks that connect Asia, Europe and Africa.Citing similarities between Seoul’s “Eurasia Initiative” and Beijing’s “Belt and Road Initiative,” the two sides said they would collaborate in a wide range of fields including policy formulation, infrastructure connectivity, investments and trade promotion, and financial cooperation. The agreement was si
Foreign AffairsNov. 1, 2015
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S. Korea, China, Japan agree to bolster cooperation, dialogue
South Korea, China and Japan on Sunday agreed to further “institutionalize” their trilateral cooperation to enhance mutual trust and regional stability by holding their summit on a regular basis and bolstering the role of their cooperation secretariat.Korean President Park Geun-hye, Japanese Prime Minister Shinzo Abe (left) and Chinese Premier Li Keqiang hold a joint press conference after their summit at Cheong Wa Dae on Sunday. (Yonhap)They also agreed to speed up their negotiations on a trila
Foreign AffairsNov. 1, 2015
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Regulator looks into apartment-backed loans
(123RF)Financial authorities launched an investigation over local banks to assess the solidity of their loan approvals for apartment buyers, industrial sources said Sunday. The Financial Supervisory Service started the solidity crackdown last Wednesday starting with two state-run banks, including Woori Bank and Nonghyup Bank. The financial watchdog will continue investigations into other major lenders and some of the large-scale regional lenders, with a focus on the soundness of the lenders’ lo
Nov. 1, 2015
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Exports log worst fall in six years
Korea’s exports recorded $43.47 billion in October, down 15.8 percent from a year earlier to mark the sharpest fall in six years, the Trade Ministry said Sunday. But ministry officials said monthly trade managed to post a surplus as imports on-year dropped 16.6 percent to $36.78 billion. October marked the 10th consecutive straight month of export contraction and the 45th straight month of trade surplus. The officials attributed the fall in exports to continued weak global demand and drops in
IndustryNov. 1, 2015
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[Photo News] Porsche introduces the new Macan GTS
THE NEW PORSCHE MACAN GTS -- The new Porsche Macan GTS boasts a maximum 360 horsepower as a model fusing together the Macan S and the Macan Turbo. The vehicle has the 3-liter bi-turbo engine of the Macan S as well as Porsche’s double clutch and traction management systems for flexible power distribution between the front and rear axles. (Porsche Korea)
MobilityNov. 1, 2015
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[Photo News] Kia awards baseball MVP
KIA AWARDS BASEBALL MVP -- Kia Motors awards Jung Soo-bin of the Doosan Bears with a Kia K5 as part of his Korean Series MVP honors Saturday. Jung was recognized for leading his home team to victory against the Samsung Lions in the country’s biggest baseball tournament of the year. (Kia Motors)
MobilityNov. 1, 2015
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[Photo News] Han Sung Motor celebrates Oktoberfest
HAN SUNG CELEBRATES OKTOBERFEST -- Han Sung Motor, the largest Mercedes-Benz dealer in South Korea, held a celebratory event in Seoul on Oct. 23-24 to mark its 30th anniversary as well as Germany’s flagship autumn festival. The event invited some 1,200 employees and customers to take part in the festivities. (Han Sung Motor)
MobilityNov. 1, 2015
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Trilateral summit spurs cooperation momentum
The trilateral summit among South Korea, China and Japan on Sunday helped create the much-needed momentum for cooperation in defusing geopolitical tensions, bolstering trade and economic exchanges and deterring North Korea, analysts said Sunday. South Korean President Park Geun-hye, Japanese Prime Minister Shinzo Abe (left)and Chinese Premier Li Keqiang hold hands together for a photo before their trilateral summit at Cheong Wa Dae on Sunday. (Yonhap)What was initiated as a regular summit in 20
Foreign AffairsNov. 1, 2015
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Samsung deal puts Lotte chief in focus
Lotte Group’s decision to acquire chemicals businesses from Samsung Group, which was announced Friday, is expected to help the food and retail giant extend its business portfolio. And more importantly the 3 trillion won ($2.6 billion) pricey deal put a renewed spotlight on business capabilities of chairman Shin Dong-bin, who has recently been engulfed in an escalating family feud over the group’s ownership. Lotte said it would acquire 31.5 percent of shares in Samsung Fine Chemicals, Samsung’s l
TechnologyNov. 1, 2015
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Chinese P.M. seeks model for shared growth with Korea
Chinese Premier Li Keqiang, who met with the heads of South Korea’s business leaders in Seoul on Sunday, said China will seek models for shared economic growth with Korea. His remark came in a time when South Korea waits for an approval of the Korea-China free trade agreement by the National Assembly within this year. Organized by the Korea Chamber of Commerce and Industries, the meeting brought together some 200 Korean business officials -- including KCCI and Doosan Group chairman Park Yong-ma
IndustryNov. 1, 2015
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LG Chem secures $8m water purification filter deals
LG Chem said Sunday it had secured a combined $8 million in new orders supplying water purification filters for eight seawater desalination projects among Egypt, Israel, Spain, Malta and Mexico. The company said it would produce some 17,000 reverse osmosis filters at its plant in Cheongju, North Chungcheong Province, by the end of next year, with the first batch shipped on Oct. 30.Reverse osmosis is a water purification technology that uses a semipermeable membrane to remove larger particles fro
TechnologyNov. 1, 2015
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[Editorial] Expanding China ties
A flurry of summit meets are taking place in Seoul, starting with a meeting between President Park Geun-hye and Chinese Premier Li Keqiang on Sunday. This was followed by a trilateral summit – the first in more than three years — of Park, Li and Japanese Prime Minister Shinzo Abe on Sunday and the first ever summit between Park and Abe will take place on Monday. Issues concerning the Korean Peninsula and Northeast Asia were discussed during the Park-Li summit on Saturday, with Park emphasizing
EditorialNov. 1, 2015
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[Editorial] Not just another logo
“I.Seoul.U” was proclaimed as the new city brand for the Korean capital last Wednesday evening at Seoul Plaza, amid much fanfare. Those who saw the logo for the first time were puzzled at the string of English letters and a Korean character. Only when the Korean explanation below the logo is read, roughly translated as “Seoul, mine and yours” or “My and your Seoul,” is it possible to get a sense of what the logo is attempting to communicate. Still, the logo is puzzling. The public reaction to t
EditorialNov. 1, 2015
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44 being monitored after university pneumonia outbreak
A total of 44 individuals are currently being treated or monitored for possible infection after an outbreak of pneumonia was reported last week at Konkuk University in Seoul, health authorities said. According to the Korea Centers for Disease Control and Prevention, 44 individuals, mostly graduate students at Konkuk University, have been showing symptoms of the condition after working at three laboratories at the College of Animal Bioscience and Technology building from Oct. 19. The exact cause
Social AffairsNov. 1, 2015
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Local thrillers rule weekend box office
"Fatal Intuition" (CGV Arthouse)Local thriller flicks were the winners at the weekend box office, outdoing hit Hollywood films. According to data from the Korean Film Council on Sunday, actor Joo Won’s “Fatal Intuition” stayed at the top of the box office for four straight days, drawing a total of 450,000 viewers during the period. Prior to the release of “Fatal Intuition,” veteran actor Son Hyun-joo’s “The Phone,” which hit theaters on Oct. 22, was ranked in first, so far drawing 1.2 million mo
FilmNov. 1, 2015
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[Bill Emmott] Challenging China on territory
LONDON – The sailing of a U.S. warship within 12 nautical miles of one of China’s new artificial islands in the South China Sea represents the most daring American military intervention in years. Not since President Bill Clinton sent a naval group through the Taiwan Strait in 1996 as a supportive gesture to the then-beleaguered Taiwanese has the United States so boldly defied China’s unlawful territorial claims. As a symbolic gesture, the move is welcome. But it is not enough. If China’s interpr
ViewpointsNov. 1, 2015
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K-pop boy bands to go head-to-head on music charts
Winner (YG Entertainment)Four popular K-pop boy bands are preparing for releases this month, signaling some formidable competition on the music charts. WINNER’s long-awaited album is due out this month after two more music videos for the album are recorded in Korea. The group’s agency, YG Entertainment, said earlier that WINNER had just returned from Sweden, where the band shot music videos for two tracks on the album.The five-member group’s return to the music scene overlaps with that of iKon,
PerformanceNov. 1, 2015
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[Robert Reich] The difference between leaders and demagogues
Among the current crop of candidates for president of the United States, who exhibits leadership and who doesn’t? Leadership isn’t just the ability to attract followers. Otherwise some of the worst tyrants in history would be considered great leaders. They weren’t leaders; they were demagogues. There’s a difference. A leader brings out the best in his followers. A demagogue brings out the worst. Leaders inspire tolerance. Demagogues incite hate. Leaders empower the powerless; they give them voic
ViewpointsNov. 1, 2015