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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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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Yoon, Ishiba discuss cooperation on N. Korea in 1st phone talks
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KORUS FTA, TPP key part of Obama's rebalance to Asia: Russel
Concluding the free trade agreement with South Korea and negotiating the Trans Pacific Partnership were key economic parts of U.S. President Barack Obama's "rebalance" to Asia policy, a senior U.S. diplomat said Tuesday.Assistant Secretary of State Daniel Russel made the remark during an Atlantic Council discussion, saying that upon taking office, Obama recognized that the Asia-Pacific region was emerging as the driver of global economic growth and made the region a strategic priority.The rebala
Foreign AffairsOct. 28, 2015
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Ex-U.N. panel chief calls for renewed attention on N.K.
The former head of a U.N. investigative panel on North Korea's human rights issue called Tuesday for renewed international attention to the problem, saying looking away from the issue amounts to turning away from what the Nazis did in the 1930s.Michael Kirby, a retired Australian judge who headed the U.N. Commission of Inquiry that looked into the North's human rights violations, made the appeal during a seminar in Washington, saying the issue has been overshadowed by the Islamic State and other
North KoreaOct. 28, 2015
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Korea ranks 4th globally in biz climate: World Bank
South Korea's business environment ranking has risen to fourth place among 189 countries on improvements in property registry, contract enforcement and minor investor protection, a report by the World Bank showed Wednesday.According to the international institution's annual "Doing Business 2016" ranking report, the ranking represents a one-notch rise from South Korea's standing a year earlier.The World Bank evaluates overall business conditions by applying so-called case scenarios in 10 specific
Oct. 28, 2015
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Korea beats Hong Kong in doing business: World Bank
(123RF)Korea is a better place to do business than Hong Kong, the World Bank’s latest report revealed on Tuesday. According to the multilateral agency’s annual report on business environment rankings, South Korea ranked fourth out of 189 member countries, up a notch from last year’s rank. The World Bank report ranks the economies in 10 categories. South Korea moved up in ease of registering property (79th to 40th), protecting minor investors (21st to 8th), enforcing contracts (4th to 2nd) and re
BusinessOct. 28, 2015
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Doosan beats Samsung to even Korean Series at one apiece
The Doosan Bears defeated the Samsung Lions 6-1 to even the South Korean baseball championship final at one game apiece on Tuesday. Right-hander Dustin Nippert tossed seven shutout innings to extend his scoreless streak this postseason to 24 innings, as the Bears went out in front and stayed there in Game 2 of the Korean Series on the road at Daegu Stadium in Daegu, some 300 kilometers southeast of Seoul. The series will move to the Bears‘ home, Jamsil Stadium in Seoul, for three games starting
BaseballOct. 27, 2015
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Facebook sued over posts inciting attacks on Jews
An Israeli NGO said Tuesday it was suing Facebook for failing to remove pages that encourage the killing of Jews, after a wave of attacks by Palestinians left nine Israelis dead.Nitsana Darshan-Leitner, director of the Shurat HaDin organisation that filed the lawsuit in the New York State Court on Monday, said the claim holds the Internet giant responsible for the presence of posts that incite violence.It calls on the company to remove over 1,000 inflammatory pages and improve its monitoring mec
World NewsOct. 27, 2015
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British anti-fraud body probes World Cup bids
Britain's anti-fraud organization is probing potential money-laundering offences related to the bidding for the 2018 and 2022 World Cups, its director told British lawmakers on Tuesday."There are outstanding matters which touch upon money-laundering," David Green from the Serious Fraud Office told the British government's Culture, Media and Sport select committee."There are a number of matters we are still looking at and digging into."The SFO cannot pursue scandal-plagued world governing body FI
SoccerOct. 27, 2015
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S. Korea approves labor unions' football match in N. Korea
South Korea has approved its labor workers' visit to North Korea for an inter-Korean friendly footballcompetition in Pyongyang this month, the Unification Ministry said Tuesday.The labor unions of the two Koreas have agreed to hold the football event starting Wednesday to run until Saturday in the North Korean capital city, according to the South's Federation of Korean Trade Unions and the Korean Confederation of Trade Unions.It will be the first friendly football match between labor workers fro
North KoreaOct. 27, 2015
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Overweight Koreans may live longer than those who are underweight
Although it is commonly believed that obesity is more of a health threat than being underweight, a recent South Korean study suggests otherwise. The research report, published by Korea University, found that underweight Koreans had a higher chance of developing fatal health conditions than those who are obese or overweight. The report was written after analyzing government data on medical records of some 1 million Koreans aged 30 or older, from 2002-2010. The report found that underweight Korean
Social AffairsOct. 27, 2015
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China warns U.S. Navy after ship sails by Chinese-built island
BEIJING (AP) - A U.S. Navy warship sailed past one of China's artificial islands in the South China Sea on Tuesday, in a challenge to Chinese sovereignty claims that drew an angry protest from Beijing, which said the move damaged U.S.-China relations and regional peace.China's Foreign Ministry said authorities monitored and warned the USS Lassen as it entered what China claims as a 12-mile (21-kilometer) territorial limit around Subi Reef in the Spratly Islands archipelago, a group of reefs, isl
World NewsOct. 27, 2015
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SK Networks joins race for duty-free license
SK Networks, an affiliate of Korea’s fourth-largest conglomerate SK Group, jumped into the heated competition to win a license to operate urban duty-free shops in Seoul. Speaking at a news conference on Tuesday, SK Networks CEO Moon Jong-hoon said it will create a “tourism belt” encompassing its eastern and central Seoul business outlets. SK Networks CEO Moon Jong-hoon (SK Networks) The firm already runs a duty-free store inside its Sheraton Grande Walkerhill Hotel in eastern Seoul, and hopes t
IndustryOct. 27, 2015
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GM recalling 1.4M cars; oil leaks can cause engine fires
For the third time in eight years, General Motors is recalling cars that can leak oil and catch fire, sometimes damaging garages and houses.The recall, which covers 1.4 million vehicles dating to the 1997 model year, is needed because repairs from the first two didn't work. More than 1,300 cars caught fire after they were fixed by dealers, the company said.In the previous recalls in 2008 and 2009, GM told owners to park the cars outside until repairs can be made since most of the fires happened
World BusinessOct. 27, 2015
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Park instructs officials to develop fighter jet as scheduled
President Park Geun-hye called on the embattled defense procurement agency to ensure that the project to develop South Korea's own fighter jets will succeed within the planned period, the top agency official said Tuesday.Chang Myoung-jin, the head of Defense Acquisition Program Administration, said Park gave the instruction after receiving his briefing on the 18 trillion-won ($15.9 billion) project to produce the fighter jets by 2025.Chang made the comment in a defense subcommittee session, acco
PoliticsOct. 27, 2015
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Foreign construction workforce increases
The proportion of foreigners working on construction sites is steadily increasing, with those in their 40s forming the largest group, government data showed Tuesday. According to the survey released by the Construction Workers Mutual Aid Association, the number of migrants who work on construction sites has risen at a fast pace, with the proportion doubling from 7 percent in 2010 to 15.5 percent last year. The government agency compiled the data based on the workers’ membership in its welfare sc
Social AffairsOct. 27, 2015
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Court puts brake on police attempts to block protests
A Seoul court ordered the police on Tuesday to withdraw its decision to ban a demonstration in memory of Sewol ferry tragedy in central Seoul, questioning the authenticity of a petition that was cited.The Seoul Administrative Court ruled in favor of a man, identified only by his surname Kim, who asked the court to lift the prohibition order by the police on holding a demonstration to pay tribute to the victims of the politically sensitive Sewol ferry disaster. Kim applied for a permit from the J
Social AffairsOct. 27, 2015
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Textbook spat threatens to take down minister
As President Park Geun-hye’s plan to revive state-authored history textbooks faces hurdles, the ruling Saenuri Party began pressuring Education Minister Hwang Woo-yea to take responsibility for the backlash.Saenuri leader Kim Moo-sung told reporters Tuesday that it was “understandable” that some were calling for Hwang’s dismissal. “I am saying that it is quite understandable that some people could raise such demands,” Kim said to questions whether he supported calls for Hwang’s resignation, with
Social AffairsOct. 27, 2015
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[Newsmaker] Pianist Cho, Korea's newest classical music icon
Cho Seong-jin, the winner of the Chopin piano competition, is a new classical music icon in Korea, setting recording history even before the release of his first solo album. The 21-year-old pianist’s upcoming album – a live recording of his performances at the 17th International Fryderyk Chopin Piano Competition in Poland – was the top seller across all music genres at Kyobo Bookstore, the country’s largest book seller, as of 3 p.m. Tuesday -- a feat that no other classical musician has come ev
CultureOct. 27, 2015
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[SUPER RICH] Korea’s respected rich entrepreneurs
The general public is more positive toward the superrich company founders rather than the chaebol heirs in Korea. There is also much less recognition for up-and-coming entrepreneurs in the Internet age and negative attitudes towards the corrupt billionaires have persisted, a recent survey by the Superrich Team found .The survey on “Korean superrich the public respects” was conducted from Sept. 7-21 among 227 respondents. The team would like to clarify that the word “respect” may not necessarily
IndustryOct. 27, 2015
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[Newmaker] Cho Seong-jin, Korea’s new classical music icon
Pianist Cho Seong-jin (EPA-Yonhap)Cho Seong-jin, the winner of the Chopin piano competition, is a new classical music icon in Korea, setting recording history even before the release of his first solo album. The 21-year-old pianist’s upcoming album – a live recording of his performances at the 17th International Fryderyk Chopin Piano Competition in Poland – was the top seller across all music genres at Kyobo Bookstore, the country’s largest book seller, as of 3 p.m. Tuesday -- a feat that no oth
PerformanceOct. 27, 2015
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DSME creditors to unveil rescue plan
The key creditor of Daewoo Shipbuilding & Marine Engineering said Tuesday it would unveil bailout measures that may include capital injection of some 4 trillion won ($3.5 billion) for the beleaguered shipbuilder as its union accepted the proposed self-rescue plan.Daewoo Shipbuilding & Marine Engineering employees take a break on a building's rooftop overlooking the shipyards on Geoje Island in South Korea. (Bloomberg)The country’s second-largest shipbuilder has cleared a major hurdle for its nor
IndustryOct. 27, 2015