Most Popular
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AI textbook bubble could burst, expert warns
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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North Korean trash balloons cross border day after Seoul military parade
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Pay debate plagues foreign nanny pilot
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Prosecution closes 'Dior bag' case amid opposition uproar
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K-pop star lip-syncing controversy flares up again
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Man escapes DUI charges by downing bottle of soju while pulled over
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35% of S. Koreans view unification 'unnecessary'
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Two S. Korean drivers sue Volkswagen over emissions scam
Two Volkswagen car owners in South Korea sued the German carmaker for deceiving them about emission results in what is the first legal action in the country following the ever-deepening emission cheating scandal, their legal representatives said Wednesday.The two, one of whom owns a 2014 Audi Q5 2.0 TDI and the other a 2009 Volkswagen Tiguan 2.0 TDI, filed a lawsuit against Volkswagen Group, Audi Volkswagen Korea and local dealers with a district court in Seoul, according to Barun, the law firm
IndustrySept. 30, 2015
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Showbox inks deal with Hollywood studios
South Korea's leading movie distributor, Showbox/Media Inc., has signed a five-year deal to produce up to six films with two U.S. film companies, the local company said Wednesday.Showbox, under the partnership deal signed Monday, will produce up to six Korean-language feature films in the thriller and horror genres with Blumhouse Productions, a Hollywood studio, while the films will be fully financed by Ivanhoe Pictures, a Hollywood production and financing company.Showbox will also be in charge
IndustrySept. 30, 2015
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LG receives preorders for Nexus 5X
South Korean tech giant LG Electronics Inc. said Wednesday it has started to receive preorders for the Nexus 5X, the newest flagship smartphone jointly launched with Google Inc., which will come with the latest Marshmallow operating system.The 5.2-inch Nexus 5X is their third edition after the Nexus 4 launched in 2012 and Nexus 5 in 2013.The smartphone will come with the Android 6.0 Marshmallow operating system that boasts improved features, including App Standby, which allows users to save powe
IndustrySept. 30, 2015
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Public firms to do more in infrastructure building
Public companies will play a greater role in building South Korea's social overhead capital as state tax earnings are diverted to other sectors, the government said Wednesday.The government's fiscal management plan for the 2015-2019 period showed state spending in SOC decreasing over the next four years, with public companies such as Korea Airport Corp. and Korea Expressway Corp. expected to pick up the slack.The budget for infrastructure building will fall from 24.8 trillion won ($20.7 billion)
IndustrySept. 30, 2015
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N. Korea denounces Park's U.N. speech, says family reunions at stake
North Korea on Tuesday indicated it may cancel the upcoming reunions of families separated by the 1950-53 Korean War if South Korean authorities keep making "reckless" efforts to stop the North from conducting a satellite launch and a nuclear test.The two Koreas plan to hold reunions of separated families at the North's scenic Mount Kumgang resort on Oct. 20-26. Still, there is uncertainty over the feasibility of the reunions as the North has threatened to launch a long-range rocket and conduct
North KoreaSept. 30, 2015
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Additional 150,000 U.S. troops necessary in event of N. Korea's collapse: U.S. think tank
An additional 150,000 U.S. troops would be necessary to cope with the aftermath in the event of North Korea's collapse, such as securing the communist nation's nuclear and other weapons of mass destruction, a U.S. think tank said Tuesday."North Korea might suddenly collapse -- either as a result of war or the failure of its economy and government. After such a collapse, a key U.S. concern would be to find, seize, secure, and remove its WMD, in particular its nuclear weapons," RAND Corp. said in
North KoreaSept. 30, 2015
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U.N. Security Council begins studying stronger sanctions on N. Korea: FM Yun
The U.N. Security Council has begun studying stronger sanctions that could be imposed on North Korea in case the communist nation goes ahead with provocations, South Korea's top diplomat said Tuesday.Foreign Minister Yun Byung-se made the remark to reporters in New York after three-way talks with U.S. Secretary of State John Kerry and Japanese Foreign Minister Fumio Kishida amid growing concern Pyongyang could conduct a long-range rocket launch or a nuclear test."The Security Council has begun w
North KoreaSept. 30, 2015
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Park returns home from U.N. trip
President Park Geun-hye returned home Wednesday after a high-profile trip to New York for the U.N. General Assembly.The trip culminated in a series of addresses to the U.N. where Park urged North Korea not to go ahead with a long-range rocket launch.North Korea has defied international pressure and renewed its resolve to carry out a launch to put a satellite into orbit, calling it an exercise of its sovereign right.There is speculation that North Korea could launch a long-range rocket in October
InternationalSept. 30, 2015
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S. Korean golfer Bae Sang-moon apologizes for conscription row
South Korean golfer Bae Sang-moon on Wednesday apologized to his fans for a recent conscription row, saying he will take proper steps to complete his mandatory military service after playing at the upcoming Presidents Cup on home soil.Bae arrived home early Wednesday to prepare for the biennial team competition, where he will be part of the International Team taking on the United States. Jack Nicklaus Golf Club Korea in Incheon, west of Seoul, will be Asia's first host of the Presidents Cup from
GolfSept. 30, 2015
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FIFA candidate Chung Mong-joon calls for talks on forming emergency task force
South Korean FIFA presidential hopeful Chung Mong-joon has called for talks on forming an emergency task force to ensure smooth operation at the world football governing body marred by corruption allegations.In a statement released Tuesday, Chung said FIFA is facing "an unprecedented crisis," after the Swiss Attorney General's Office announced last week that FIFA President Sepp Blatter is under criminal investigation. UEFA President Michel Platini, considered the main rival to Chung in the presi
SoccerSept. 30, 2015
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Artday to hold October auction
"The Origin of Life" by Ha In-dooHerald Artday, a subsidiary of Herald Corp., is holding its monthly online auction from Oct. 1-8 at the Herald Gallery in Yongsan-gu. In celebration of the Chuseok holidays, this month’s auction will feature an array of soothing, nostalgic pieces including Ha In-doo’s “The Origin of Life,” which expresses a reverence for life and the nobility of the everyday; the vibrant “Narodo Seascape” by Choi Ssang-joong; “Musing” by Lee Dong-youb, a contemporary painter cons
CultureSept. 29, 2015
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Saudi-led coalition denies bombing Yemen wedding
RIYADH (AFP) - The Saudi-led coalition denied Tuesday its warplanes were behind the bombing of a wedding in southwestern Yemen in which 131 people were killed."The coalition did not conduct any air strikes in the area over the past three days," coalition spokesman Brigadier-General Ahmed al-Assiri told AFP, referring to the deadly bombing Monday near the Red Sea city of Mokha."This is completely false," he said.Residents accused the Arab coalition, which launched an air war on the Huthi Shiite r
WorldSept. 29, 2015
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131 dead in suspected coalition strike on Yemen wedding
SANAA (AFP) - A suspected Saudi-led coalition air strike has killed at least 131 civilians, including many women and children, at a wedding in Yemen, medical officials said Tuesday.UN Secretary-General Ban Ki-moon condemned Monday's air raid, saying intentional attacks on civilians were considered a "serious violation of international humanitarian law".Residents said the Arab coalition, which launched an air war on the Huthi Shiite rebels in late March, was behind the attack on the wedding hall
WorldSept. 29, 2015
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Korea pledges to dispatch more military engineers
South Korean President Park Geun-hye pledged Monday to dispatch additional military engineers to conflict zones at the U.N. leaders’ summit on peacekeeping, joining other countries’ promises to boost their contributions for missions under growing strain.“They will be assisting reconstruction and humanitarian activities in conflict zones,” Park said at the event attended by some 50 heads of state and cochaired by U.S. President Barack Obama and U.N. Secretary-General Ban Ki-moon.“Korean peacekeep
NationalSept. 29, 2015
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Health insurance on arrival banned for foreign job seekers
South Korea said Tuesday it will ban foreigners and overseas Koreans entering the country to seek work from joining its health insurance program immediately upon arrival, in a bid to revise a legal loophole that had allowed some nonpermanent residents to exploit the system.The current National Health Insurance Act allows foreign nationals and Koreans living in other countries to qualify for the self-backed national health insurance scheme after residing here for at least three months.Those who t
NationalSept. 29, 2015
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Korea’s expansive FTA network creates new investment opportunities
An Italian company that supplies cosmetics to global beauty brands such as L’Oreal and Estee Lauder has recently decided to build a $1.3 million innovation center in South Korea, and plans to expand such investments to make inroads into the Chinese market. A Chinese distribution giant has also decided to invest $40 million in a local animation production company to expand its business and reenter the Chinese market. Lee Kwan-sup, South Korea`s first vice minister of trade, industry and energy
IndustrySept. 29, 2015
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Prospect of Korea-Japan summit grows
The exchange Sunday of seemingly amicable greetings between the leaders of South Korea and Japan has further boosted the prospect of a bilateral summit that has yet to be held amid territorial and historical conflicts. Japanese Prime Minister Shinzo Abe speaks at a U.N. General Assembly session on Monday. (Yonhap)During a brief encounter with Japanese Prime Minister Shinzo Abe ahead of a luncheon at the U.N. headquarters in New York, President Park Geun-hye expressed her hope that they can meet
Foreign AffairsSept. 29, 2015
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Park presses N.K. to cancel launch
Amid mounting tension over North Korea’s possible launch of a long-range rocket in October, South Korean President Park Geun-hye on Tuesday urged Pyongyang to cease provocative acts and curb its pursuit of atomic weapons to allow for peace on the peninsula and a better future for its people.At the 70th annual session of the United Nations General Assembly, Park said that North Korea should choose the path of reform and open its doors to the world to improve life for its people, seeking to bring
PoliticsSept. 29, 2015
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Budget airlines watch Jeju Air IPO
South Korea’s low-cost carriers are seeking new growth avenues ― going public ― led by industry leader Jeju Air on the back of its growing market share in the domestic and international routes that threaten full-service carriers. Last week, the country’s No. 1 budget carrier Jeju Air said it expects to raise around 154 billion won ($128.4 million) by issuing 5.5 million shares at a price range of 23,000-28,000 won per share.The carrier owned by Aekyung Industrial is expected to list in November
IndustrySept. 29, 2015