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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Pay debate plagues foreign nanny pilot
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North Korean trash balloons cross border day after Seoul military parade
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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Prosecution closes 'Dior bag' case amid opposition uproar
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Man escapes DUI charges by downing bottle of soju while pulled over
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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
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UN summit approves 15-year blueprint to eradicate poverty
With the bang of a gavel, international leaders approved an ambitious 15-year plan Friday to tackle the world's biggest problems, from eradicating poverty to preserving the planet to reducing inequality. Now comes the tough part: Drumming up support and money to achieve the goals and transform the world.Pope Francis gave his backing to the new development agenda in an address to the U.N. General Assembly before the summit to adopt the 17-point plan opened, calling it "an important sign of hope"
Foreign AffairsSept. 26, 2015
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Park appears in video message on sustainable development
President Park Geun-hye appeared in a video message released at a ceremony for the U.N. summit on sustainable development, Cheong Wa Dae said Friday.Park joined U.N. Secretary-General Ban Ki-moon, Stephen Hawking and nine other high-profile people in announcing 17 goals that world leaders have vowed to accomplish by 2030.The goals call for, among other things, the reduction of poverty and gender equality.Park is set to address the U.N. summit for sustainable development on Saturday, a day after
Foreign AffairsSept. 26, 2015
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Xi's warning signals China's thinking on N. Korea could change
Chinese President Xi Jinping's unusual warning to North Korea is seen as a sign that Beijing's strategic thinking on the problematic communist neighbor could change as its relations with South Korea grow stronger.After summit talks with U.S. President Barack Obama, Xi told a joint news conference that China is committed to realizing the complete and verifiable denuclearization of the Korean Peninsula in peaceful way, a remark in line with China's long-running stance. Chinese President Xi Jinping
Foreign AffairsSept. 26, 2015
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Park meets with U.N. chief
South Korean President Park Geun-hye met with U.N. Secretary-General Ban Ki-moon Friday on the first day of her visit to New York for the U.N. General Assembly.Ban, a former South Korean foreign minister, later hosted a closed-door banquet in Park's honor at his official residence that included World Bank President Jim Yong Kim, a Korean-born American.No details of the meeting were immediately available. South Korean President Park Geun-hye arrives at John F. Kennedy Airport in New York on Frid
Foreign AffairsSept. 26, 2015
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'Fed still on track for 2015 rate liftoff': Janet Yellen
Federal Reserve chair Janet Yellen (Bloomberg)Federal Reserve chair Janet Yellen said she is ready to raise interest rates this year and intends to let the labour market run hot for a time to heal the lingering scars of the worst recession since the Great Depression.Yellen placed herself squarely in the camp of those Federal Open Market Committee officials who favour raising rates in 2015. “Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for th
WorldSept. 25, 2015
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S. Koreans convicted of trafficking N. Korean meth
Three South Koreans were convicted Friday of producing methamphetamine in North Korea and bringing some of the drugs to the South. The Seoul Central District Court sentenced a 63-year-old, identified by his surname Kim, to nine years in jail for producing 60 kilograms of methamphetamine at a North Korean factory in Sariwon, North Hwanghae Province. The court said 25 kg is suspected to have been siphoned off to the North. "Twenty-five kilograms is enough to be used two million times and the
North KoreaSept. 25, 2015
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Japan to replace point man on Korea: report
Japan plans to replace its point man on Korean affairs next month in a routine personnel management reshuffle, media reports said Friday. Kimihiro Ishikane, head of the foreign ministry's international legal affairs bureau, will be appointed to lead the Asian and Oceanian affairs bureau, according to Kyodo News Service. Ishikane, formerly the ambassador to ASEAN, is to succeed Junichi Ihara, who is expected to take up an ambassadorial post abroad. He will likely become Japan's new negotia
NationalSept. 25, 2015
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Busan-Amsterdam air route to be launched in late October
A direct air route linking South Korea's largest port of Busan and the key European transportation hub of Amsterdam will open in late October, the government said Friday. Busan municipal authorities and the transportation ministry said an agreement reached at talks in The Hague earlier this week will permit KLM, the flag carrier airline of the Netherlands, to ferry passengers three times a week between the two cities. The agreement also allows South Korean carriers to operate three to seven
NationalSept. 25, 2015
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Pope set to bring his message to world leaders at UN
Pope Francis visiting the U.S. (Bloomberg)From the world stage of the United Nations to an inner-city school, Pope Francis is emphasizing themes that have shaped his popular papacy as he packs in encounters with the powerful and the poor in New York City. His agenda for Friday reflects both his global stature and his of-the-people approach, while taking him from the solemnity of ground zero to the struggles of East Harlem. It includes events as large as a processional drive through Central Park,
WorldSept. 25, 2015
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Park leaves for New York for U.N. General Assembly
President Park Geun-hye left for New York Friday for the U.N. General Assembly to tackle challenges facing the world as she warned North Korea against nuclear or missile tests. "Should the North go ahead with provocative actions that violate the U.N. Security Council resolutions, there will certainly be a price to be paid," Park said in a written interview with Bloomberg News. Park appears likely to mention North Korea's missile and nuclear weapons programs during her speech in the U.N. Ge
NationalSept. 25, 2015
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Actor Lee Min-ho named goodwill ambassador for 2018 PyeongChang Winter Games
Actor Lee Min-ho South Korean actor Lee Min-ho was named Friday as a goodwill ambassador for the 2018 PyeongChang Winter Olympics. Lee is the first actor to take on the role for the first Winter Games in South Korea. The local organizing committee said it appointed the 28-year-old hallyu star with three future Olympic Games to be held in Asia. After PyeongChang, Tokyo will host the 2020 Summer Olympics and Beijing will stage the 2022 Winter Olympics. The award-winning actor has starred in
PeopleSept. 25, 2015
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Obama, Xi to test limits of personal ties on cyber disputes
President Barack Obama and Chinese President Xi Jinping will test the limits of their personal ties Friday as they wade into issues that have exacerbated tensions between their nations: China's cyberspying in the U.S. and Beijing's territorial disputes in the Asian Pacific.Discussions on both matters will play out against the backdrop of White House pageantry as Obama hosts Xi for a grand state visit, including a glitzy black-tie dinner. In keeping with the spirit of a state visit _ an honor
WorldSept. 25, 2015
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[Photo News] S-Oil CEO shares Chuseok holiday spirit with neighbors
S-Oil CEO Nasser Al-Mahasher (second from left) poses with children wearing Korea traditional clothes, while making half-moon shaped rice cakes called Songpyeon as part of his efforts to share Chuseok holiday’s spirit with Korean neighbors in seoul, Friday. (S-Oil)
BusinessSept. 25, 2015
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[Newsmaker] Apple’s new iPhone hits stores
How many iPhones can Apple Inc. sell? With the company hitting new sales records with each annual release, that’s a question facing chief executive officer Tim Cook as the latest batch of handsets hits stores on Friday around the world. The latest models, following last year’s hugely popular design overhaul that added bigger screens, may not match the success of previous releases, according to analysts.An Apple employee in Sydney takes a 'selfie' photograph of customers with the new iPhone 6s p
BusinessSept. 25, 2015
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Former leftist lawmaker fined over protest rally
A former leftist lawmaker was convicted Friday for illegally holding a protest of the free trade deal between South Korea and the United States four years ago. The Seoul Central District Court fined Lee Jung-hee, former chief of the Unified Progressive Party (UPP), which was dissolved last year, 500,000 won ($420) for staging an unauthorized protest on the streets of central Seoul for about half an hour in November 2011. Prosecutors said she did not notify the police of the rally ahead
PoliticsSept. 25, 2015
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Koreas likely to meet next week for religious chiefs' gathering
The Unification Ministry is expected to approve plans by officials of South Korea's pan-religious group to visit North Korea next week to prepare for talks among the two Koreas' religious leaders, a government source said Friday. Officials from the Korean Conference of Religion for Peace (KCRP), an organization representing the South's seven largest religious groups, are likely to hold a meeting with their North Korean counterparts in the border city of Kaesong on Tuesday, the source said.
DefenseSept. 25, 2015
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Blinken due in Seoul for talks on N. Korea, presidential visit
U.S. Deputy Secretary of State Tony Blinken will soon travel to South Korea to discuss North Korea and agenda items for the summit between President Park Geun-hye and her American counterpart Barack Obama, a diplomatic source said Friday. It is a part of his regional tour that will also take him to Japan and China. "He plans to visit Seoul early next month. South Korea and the U.S. are fine-tuning a specific schedule," the source told Yonhap News Agency. "A broad range of issues on regio
North KoreaSept. 25, 2015
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Kim Jong-un to give special bonus to N. Koreans
North Korean leader Kim Jong-un will give a special bonus to the country's military personnel and ordinary people on the occasion of the North's key anniversary, Pyongyang's media said Friday. The special bonus amounting to 100 percent of monthly salaries will be given to all service personnel, working people and those who receive pensions, subsidies and scholarships to mark the 70th anniversary of the founding of the ruling Workers' Party of Korea (WPK), according to the Korean Central New
North KoreaSept. 25, 2015
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Korea opens probe into suspicious KF-X project
Cheong Wa Dae, South Korean presidential office, has opened its probe into the military's landmark indigenous fighter jet project amid growing suspicions over the multibillion-dollar defense acquisition program, according to a military official Friday. "Cheong Wa Dae's senior secretary for civil affairs' office demanded on Thursday the Defense Acquisition Program Administration submit documents related to the KF-X project," the military official said on condition of anonymity. An artist's r
DefenseSept. 25, 2015