Most Popular
-
1
AI textbook bubble could burst, expert warns
-
2
Ex-presidential official’s leaked phone call rattles conservative bloc
-
3
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
-
4
Samsung tightens its belt amid crisis winds
-
5
Pay debate plagues foreign nanny pilot
-
6
North Korean trash balloons cross border day after Seoul military parade
-
7
K-pop star lip-syncing controversy flares up again
-
8
35% of S. Koreans view unification 'unnecessary'
-
9
Prosecution closes 'Dior bag' case amid opposition uproar
-
10
Man escapes DUI charges by downing bottle of soju while pulled over
-
Park urges nations to do their part in climate deal
President Park Geun-hye Sunday called on countries to carry out their contributions in good faith to ensure a new agreement on climate change can successfully take root.Each country is required to present its national goal to cut greenhouse gas emissions before the U.N. Climate Change Conference in Paris later this year. In June, South Korea offered to cut greenhouse gas emissions by 37 percent by 2030 from 850.6 million tons of carbon dioxide equivalents, an amount Seoul says it would reach if
Foreign AffairsSept. 28, 2015
-
S. Korea‘s mandatory spending to exceed half of fiscal spending
South Korea’s mandatory spending will likely exceed 50 percent of fiscal spending in 2018, raising concerns that the government‘s capacity to counter the economic slump could weaken down the road, a report showed Monday. According to the report submitted by the government to the National Assembly, the government’s mandatory spending will rise from 172.6 trillion won (US$144.5 billion) in 2015 to 183.4 trillion won in 2016, 195 trillion won in 2017 and 206.5 trillion won in 2018. This represents
Sept. 28, 2015
-
Russia and Iran throw weight behind Assad at U.N. meet
Russia and Iran announced a new coalition to defend Syrian strongman Bashar al-Assad and defeat the Islamic State on Sunday, handing him a dramatic victory ahead of the U.N. General Assembly. Assad was not among the dozens of leaders gathered in New York for the annual U.N. meeting, but will have been heartened by his allies’ demand that the world focus on defeating the jihadist threat. “I think today everyone has accepted that President Assad must remain so that we can combat the terrorists,”
World NewsSept. 28, 2015
-
Park held brief discussion with Abe on trilateral summit
South Korean President Park Geun-hye met with Japanese Prime Minister Shinzo Abe Sunday, Cheong Wa Dae said, in a sign of a thaw between the two countries ahead of a trilateral summit also involving China. Abe told Park that he was looking forward to the trilateral summit, which may take place in late October in Seoul, Japan‘s Kyodo news agency said, citing Katsunobu Kato, Japanese deputy chief cabinet secretary. Presidential spokesman Min Kyung-wook told reporters that Japanese media reports “w
Foreign AffairsSept. 28, 2015
-
Pope Francis wraps up joyful U.S. visit with big open-air Mass
Pope Francis urged hundreds of thousands of the faithful gathered Sunday for the biggest event of his U.S. visit to be open to ``miracles of love,’‘ closing out his joyful six-day trip with a message of hope for families, consolation for victims of child sexual abuse and a warning to America’s bishops. The wide Benjamin Franklin Parkway overflowed with the jubilant, who stood in line for hours and endured airport-style security checks to see history‘s first pope from the Americas celebrate an
World NewsSept. 28, 2015
-
MIKTA ministers urges N. Korea to follow U.N. resolutions
The top diplomats of South Korea, Mexico, Indonesia, Turkey and Australia on Saturday (local time) said North Korea must follow the United Nations' resolutions and refrain from making provocations in their meeting in New York. The five middle-power countries formed a cross-regional caucus, dubbed "MIKTA" from the initials of their English names, in 2013. In a statement, MIKTA cheered the two Koreas' agreement that defused heightened tensions on Aug. 25, adding Pyongyang should resume the den
PoliticsSept. 27, 2015
-
China vows billions of development dollars, debt forgiveness
China's president on Saturday pledged billions in aid and said Beijing will forgive debts due this year in an effort to help the world's poorest nations, as world leaders begin to seek the trillions of dollars needed to help achieve sweeping new development goals. President Xi Jinping spoke at a global summit that on Friday launched the non-binding goals for the next 15 years. Xi and others spoke as the U.N. gathering began to shift focus from development to the high-powered General Assembly
World NewsSept. 27, 2015
-
[Newsmaker] New VW boss tries to save carmaker
Volkswagen's new boss began trying to pull the embattled carmaker out of the wreckage of a pollution test rigging scandal Saturday, as the United States and Switzerland halted the sale of the group's new diesel cars. The 62-year-old former Porsche chief Matthias Mueller was tapped Friday to replace Martin Winterkorn, who resigned over stunning revelations by US environmental authorities that the German carmaker had fitted some of its diesel cars with software capable of cheating environmental
World BusinessSept. 27, 2015
-
Business and bureaucracy: Ethiopia entrepreneurs overcome hurdles
The large open plan office with staff behind sleek computers looks like any newly-started modern business. But Ethiopia's first online restaurant delivery service, Deliver Addis, must contend with major hurdles that would stall many entrepreneurs in more developed nations. Setting up any business is a challenge, but in Ethiopia, those range from daily operating headaches such as on-off Internet -- stalling the highly time-sensitive orders on which it depends -- to even more fundamental busin
World NewsSept. 27, 2015
-
'Uberization' of economies pinching state tax revenues
With "sharing economy" services like Uber, Blablacar and Airbnb spreading among consumers, state tax collectors risk experiencing a revenue pinch as these new collaborative players capture market share from traditional businesses. The so-called "Uberization" of commerce is both rising in volume and spreading across an ever-larger number of sectors -- ranging from apartment, car and power tool sharing to money lending and food services. Increasingly popular trade directly between individuals
World NewsSept. 27, 2015
-
Pop stars, world leaders rally to end poverty
World Bank Group President Jim Yong Kim speaks at the fourth annual Global Citizen Festival in Central Park Manhattan on September 26, 2015 in New York. The Festival is part of the Global Poverty Project, a UN-backed campaign to end extreme poverty by 2030. (AFP)Some of the biggest names in music and politics from Beyonce to European prime ministers rallied Saturday in a concert aimed at mobilizing action to eradicate extreme poverty. Before thousands of people in New York's Central Park and a
World NewsSept. 27, 2015
-
Pope electrifies Philadelphia with advice on family, immigration
Pope Francis embraces a young man in a wheelchair during the World Meeting of Families in the Benjamin Franklin Parkway Saturday, Sept. 26, 2015, in Philadelphia. (AP Photo)Pope Francis addressed a festival of families attended by tens of thousands of Catholics, offering a frank assessment of the difficulties of life and a prescription for love on the penultimate day of his U.S. tour. The 78-year-old Argentine pontiff rode through downtown Philadelphia waving to ecstatic crowds, after endearin
World NewsSept. 27, 2015
-
Mobile carriers' profitability improves in Q3
(123RF)South Korea's three mobile carriers are estimated to have posted an improved ratio of operating income to total revenue in the third quarter, industry sources said Sunday, as the firms reduced marketing expenditures. The combined sales posted by SK Telecom Co., KT Corp. and LG Uplus Corp. are estimated to have reached 12.5 trillion won ($10.46 billion) in the July-September period, while the operating profit is expected at 1.67 trillion won, the data compiled by industry tracker FnGuide
TechnologySept. 27, 2015
-
Almost 700 North Korean defectors' whereabouts unknown
South Korea's Ministry of Unification on Sunday said almost 700 North Korean defectors' whereabouts are unknown, casting concerns over the country's settlement support system. The ministry said it has failed to locate 688 North Korean defectors, which accounts for 2.6 percent of the 26,000 defectors in South Korea, with 664 of them currently presumed to be overseas. The ministry's data also showed the number of North Korean defectors seeking to resettle in another country came to 22 this yea
North KoreaSept. 27, 2015
-
South Korea to donate $200m in aid to poor countries
United Nations Secretary General Ban Ki-moon, left, talks with South Korea president Park Geun-hye during a conference on A New Rural Development Paradigm and the Inclusive Sustainable New Communities Model, Saturday, at the United Nations headquarters. (AP)President Park Geun-hye announced Saturday that South Korea will donate US$200 million in aid to poor countries as part of Seoul's efforts to boost contributions to sustainable development. South Korea plans to launch the "Better Life for G
Sept. 27, 2015
-
Wearable mobile device users near 240,000 at end-July
(123RF)The number of South Koreans using wearable telecommunications devices reached nearly 240,000 at the end of July, data showed Sunday, amid the rising popularity of smartwatches in the country. According to the data compiled by the Ministry of Science, ICT, and Future Planning, the number of subscribers of wearable telecommunication devices soared 67 times to 239,042 in Julycompared with the 3,542 posted in October last year. The number of subscribers of mobile phones, on the other hand
TechnologySept. 27, 2015
-
S. Korea, China to construct joint industrial complex near N. Korea
South Korea and China plan to build a joint industrial complex near a border area with North Korea, according to South Korean Ambassador to China Kim Jang-soo on Saturday.Kim made the remarks on Friday during his visit to the Yanbian Korean Autonomous Prefecture of China, where ethnic Koreans account for about 30 percent of the population, the Yanbian Daily newspaper reported. Kim held talks with Zhang Anshun, the Communist Party secretary of Yanbian, during which they discussed ways to build th
Foreign AffairsSept. 26, 2015
-
20 S. Koreans injured in boat collision in Thailand
Twenty South Korean tourists were injured when their boat collided with another one in a floating market near Bangkok, officials said Saturday.The accident occurred at the Amphawa Floating Market around 7:30 p.m. Friday, when an oncoming vessel hit and went on top of the boat carrying 31 South Koreans and several other foreigners, according to officials at the South Korean Embassy in Bangkok and Seoul's Foreign Ministry.A 26-year-old South Korean woman, identified only by her last name Jeong, fr
Social AffairsSept. 26, 2015
-
Park, U.N. chief hope N. Korea doesn't launch rocket
South Korean President Park Geun-hye and U.N. Secretary-General Ban Ki-moon have expressed hope that North Korea does not go ahead with a long-range rocket launch.The two also shared the view that the isolated country should come forward for dialogue with the international community, Ju Chul-ki, senior presidential secretary for foreign affairs, told reporters after their meeting at Ban's official residence on Friday evening.Park arrived in New York hours earlier for the U.N. General Assembly.Pa
Foreign AffairsSept. 26, 2015
-
S. Korean bourse to stay choppy on U.S. rate woes
The South Korean stock market is expected to remain choppy next week as investors avoid risky assets amid uncertainties regarding the timing of a looming U.S. rate hike, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,942.85 points on Friday, down 2.66 percent from a week earlier.This week, Seoul shares began lower on Monday after the U.S. Federal Open Market Committee decided to maintain its key rate whilst adding that it will keep watch on the ongoin
Sept. 26, 2015