Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Pay debate plagues foreign nanny pilot
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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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Man escapes DUI charges by downing bottle of soju while pulled over
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Pianist Lim Yunchan double winner at Gramophone Awards
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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Yoon, Ishiba discuss cooperation on N. Korea in 1st phone talks
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Controversial cult leader’s sentence reduced to 17 years
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S. Korea's FTAs help bolster trade in H1: data
South Korea's free trade deals helped prop up weak exports and imports in the first half amid the sluggish pace of the global economic recovery, government data showed Thursday. Asia's fourth-largest economy reported two-way transactions contracting 10.2 percent on-year in the January-June period, with numbers for countries that have free trade agreements backtracking 6.6 percent the Korea Customs Service said. In comparison, trade with countries that do not have an open trade arrangement dro
Sept. 17, 2015
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Strong quake strikes Chile, tsunami alert issued
A strong 7.9-magnitude earthquake struck the center of Chile on Wednesday, US seismologists said, triggering a tsunami alert that stretched to Peru and the evacuation of coastal areas.There were no immediate reports of injury or major damage, a government emergency agency said, but terrified residents rushed out onto the streets in Chile's capital Santiago and in Argentina. (Yonhap-REUTERS)The United States Geological Survey put the shallow offshore quake at a magnitude of 7.9 and said it hit j
World NewsSept. 17, 2015
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BOK vows to ensure financial stability amid growing uncertainties
South Korea's central bank said Thursday that it will focus on keeping the local financial market stable as international volatility is likely to grow on China's economic instability and a looming U.S. rate hike.Concerns have been escalating over an economic hard landing in China, South Korea's top export market, and the outcome of a U.S. interest rate decision later this week."Volatility in the international financial market may increase as the U.S. rate decision nears," the Bank of Korea said
Sept. 17, 2015
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LG in quandary over smartphone slump
LG Electronics Inc., South Korea's No. 2 smartphone maker, is suffering a prolonged slump in its smartphone business in the face of increased competition, which is forcing it to sharply cut the prices of its high-end smartphones, industry sources said Thursday.The average price of 17 smartphones manufactured by LG Electronics stood at 175,341 won ($149.29) for customers who opt for 60,000-won level subscription plans offered by the country's top mobile carrier, SK Telecom Co.Under similar price
IndustrySept. 17, 2015
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Chinese people visiting S. Korea rebound to pre-MERS levels
The number of Chinese people visiting South Korea is returning to levels seen before the MERS outbreak in May, data showed Thursday. About 303,000 Chinese people traveled to South Korea in the first 14 days of this month, up 4.8 percent from the same period last year, according to the data by the Korea Tourism Organization.South Korea's tourism industry has been reeling from the aftermath of the MERS outbreak, with many foreign tourists, mostly Chinese, cancelling their trips to South Korea.In J
Social AffairsSept. 17, 2015
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Illegal trade cases top 9 tln won in 2014: report
Illegal trade detected by customs authorities surpassed the 9 trillion-won ($7.66 billion) mark in 2014, fueled mainly by money laundering schemes and transactions aimed at hiding assets abroad, a report showed Thursday.According to the report by the Korea Customs Service provided to Rep. Park Myung-jae's office ahead of the annual parliamentary audit of the government, the total sum of uncovered illegal trade reached 9.24 trillion won last year, up 5.7 percent from 2013.Data showed that there h
Social AffairsSept. 17, 2015
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S. Korean display makers up presence in display market in Q2
South Korean panel makers expanded their presence in the global market for mid-sized displays in the second quarter, data showed Thursday, while other global rivals lost ground.Samsung Display Co. accounted for 25 percent of the mid-sized display market, mostly for smartphones, in the April-June period, up 1.3 percentage points from a quarter earlier, the data compiled by industry tracker DisplaySearch showed.LG Display Co., Samsung's smaller local rival, held a market share of 14.5 percent in t
IndustrySept. 17, 2015
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Kerry warns North Korea of 'severe consequences'
U.S. Secretary of State John Kerry warned Wednesday that North Korea will face "severe consequences" if it forges ahead with irresponsible provocations, a day after Pyongyang apparently threatened a nuclear test."There will be severe consequences as we go forward if North Korea does not refrain from its irresponsible provocations that aggravate regional concerns, make the region less safe, and if it refuses to live up to its international obligations," Kerry said."Our position is clear: We will
North KoreaSept. 17, 2015
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Ex-U.S. envoy calls for unconditional resumption of N.K. nuclear talks
The United States and its partners should unconditionally resume the long-stalled six-party nuclear talks with North Korea, a former U.S. negotiator said, stressing that ignoring Pyongyang won't improve the situation.Joseph DeTrani, who served as deputy U.S. negotiator for the six-party talks, made the point in an article contributed to the Washington Times on the occasion of the 10th anniversary of a landmark 2005 denuclearization deal with the North."On the 10th anniversary of the Joint Statem
North KoreaSept. 17, 2015
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S. Korean nuclear envoy warns N.K. of tougher U.N.
North Korea will face additional U.N. Security Council sanctions further deepening its isolation if the regime forges ahead with a banned long-range rocket launch, South Korea's chief nuclear envoy said Wednesday.Special representative Hwang Joon-kook made the remark after talks with his U.S. counterpart, Amb. Sung Kim, in Washington, stressing that a satellite launch by the North, unlike those by other nations, constitutes a clear violation of U.N. resolutions."The right to peaceful use of spac
North KoreaSept. 17, 2015
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Kia Motors unionists vote to strike over pay
Unionized workers at Kia Motors Corp., South Korea's second-largest automaker, voted Wednesday in favor of a strike over pay, lending support to their leaders in wage negotiations down the road.In a vote asking some 34,000 unionists whether to go on strike,72.8 percent, or 22,700 out of 31,163 who cast ballots, voted yes, according to the labor union. It was held Wednesday afternoon at each office and plant located throughout the country. The vote came after the labor and management could not pr
BusinessSept. 16, 2015
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8 flight attendants sue Asiana Airlines over San Francisco crash-landing
Eight cabin crew members who were on board the Asiana Airline Flight 214 Boeing 777-200ER that crash-landed at San Francisco International Airport in 2013 were revealed to have filed damage suits against Korea’s second largest carrier and the plane manufacturer Boeing.The eight were among 12 flight attendants aboard at the time and filed the suits in a U.S. district court rather than in Seoul. According to reports, one of workers had her backbone broken in the accident and filed a suit in Janua
BusinessSept. 16, 2015
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Asiana gives PCs to Chinese school
Asiana Airlines, Korea’s second-largest carrier, has formed a sisterhood relationship with an elementary school in China as part of its corporate social responsibility efforts, the firm said Wednesday. “‘The Beautiful classroom’ project is focusing on helping Chinese students to make their dreams and hopes come true by supporting the schools in need,” said Ahn Byeong-seog, president of the China regional headquarters of the airline. The carrier donated nine air conditioners, 10 computers and a w
IndustrySept. 16, 2015
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Body of another victim from capsized boat found
The body of another passenger missing from a capsized fishing boat was recovered Wednesday on an island off South Korea's southern coast near the site of the accident, raising the death toll to 13, Coast Guard officials said.The body, which was found washed up on the coast of Chuja Island at around 7:20 a.m. by a local resident, was identified as that of a 44-year-old man surnamed Lee, according to the Korea Coast Guard. The island is located about halfway between the mainland and the southern r
NationalSept. 16, 2015
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President Park to attend U.N. General Assembly
President Park Geun-hye will fly to New York later this month to attend the United Nations General Assembly and Sustainable Development Summit, the presidential office said Wednesday.Park is scheduled to deliver a keynote speech on Sept. 26 at the U.N. summit designed to discuss the post-2015 development agenda. The event is bringing leaders around the world together to launch the U.N.’s new agenda for the next 15 years, a follow-up to the Millennium Development Goals implemented from 2001 to 20
PoliticsSept. 16, 2015
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Moon clears reform hurdle
The main opposition party approved a package of reform initiatives on Wednesday despite opposition from nonmainstreamers, granting party chairman Moon Jae-in a reprieve from pressure on his leadership. The reform proposal was approved with unanimous applause at the New Politics Alliance for Democracy’s central committee meeting, but it was boycotted by some of Moon’s opponents who had demanded a full ballot, as opposed to voting by clapping.
중앙위 단상 오르는 문재인 (서울=연합뉴스) 진성철 기자 = PoliticsSept. 16, 2015
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Park to donate to youth jobs fund
President Park Geun-hye has decided to donate 20 million won ($17,000) to a fund aimed at helping young people find jobs, Prime Minister Hwang Kyo-ahn said Wednesday, in a gesture to quell lingering opposition to the government-led labor market reform with a move that will expand to all sectors of society.Park will also give 20 percent of her monthly salary each month to the fund, Hwang said. Given that Park’s annual remuneration stood at 192 million won last year, her monthly contribution could
NationalSept. 16, 2015
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Seoul officials visit N. Korea to check reunion facilities
A team of working-level officials visited North Korea’s Mount Geumgangsan on Wednesday to survey the slated venue for the separated family reunions next month.Fourteen members including those from the Unification Ministry and Hyundai Asan traveled to the resort area for a two-day visit to check the facilities at Oegeumgang Hotel and Geumgangsan Hotel as well as the reunion center.The two Koreas earlier this week exchanged a preliminary list of candidates to take part in the reunion being arrange
North KoreaSept. 16, 2015
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Hyundai Motor embraces subcontractors
Hyundai Motor Group’s announcement Monday to embrace all of its subcontractors has become the talk of the town. Pundits are watching whether other companies suffering similar problems will follow suit. The world’s fifth-largest automaker announced that the labor union and management of Hyundai Motor have agreed to gradually hire outsourced workers at its manufacturing plants as regular staff.The number of such employees has been pegged at 2,000 by 2017, which will consistently increase so that a
MobilitySept. 16, 2015
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‘Korea more active than Japan in Southeast Asian tech’
VIP Plaza CEO Tesong Kim (left) speaks about doing business in Southeast Asia at Tech in Asia Tokyo 2015 in Shibuya, Tokyo, last week. (Tech in Asia)TOKYO ― In a region where masses of users are newly armed with smartphones and more spending power, Southeast Asia is a new gold mine for tech enterprises.China’s quickly saturating market for all things tech has pushed Asia-bound start-ups to seek new territory, and global companies like Rakuten, eBay and Rocket Internet are vying over Southeast As
TechnologySept. 16, 2015