Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Controversial cult leader’s sentence reduced to 17 years
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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Samsung, Hyundai chiefs to accompany Yoon on Singapore trip
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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BTS-themed moon jar to be unveiled on Hangeul Day
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[Robert Fouser] Why the US election looks so close
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Lotte affiliates ordered to submit detailed info on shareholders
The South Korean financial watchdog said Thursday it has ordered some Lotte Group affiliates to submit more detailed information on their shareholders and financial status amid growing public criticism about the retail giant's murky corporate governance.Lotte Group, the fifth-largest business group in South Korea, has been embroiled in a succession feud involving Shin Kyuk-ho, 93, the group's founder, and his two sons, Dong-ju and Dong-bin, with the latter standing against his older brother and
IndustryAug. 6, 2015
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USFK vows transparency in bio defense training in S. Korea
The U.S. Forces Korea will step up transparency in running biological defense programs in South Korea, the USFK said Thursday, as the allies expand their probe into the live anthrax shipment to a U.S. base here.Earlier in the day, the joint South Korea-U.S. team in charge of investigating the shipment conducted an on-site inspection of Osan Air Base, where a sample of live anthrax spores was inadvertently shipped. It was the first investigation by the joint working group at the base since the Pe
DefenseAug. 6, 2015
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Park vows to press ahead with labor and other reform
"It's time to make a determination for our sons and daughters, as well as for the future of the country," Park said as she addressed the nation in a nationally televised speech.Park pushed for the overhaul of issues that have shown few signs of progress, such as labor market duality -- the difference in pay and job security between regular and non-regular workers.Some companies shun recruitment and instead rely on non-regular workers that they can fire more easily as the economy remains sluggish
PoliticsAug. 6, 2015
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Chaebol owners control business empires with meager stakes
The heads of South Korea's major business groups own puny stakes in their affiliates, but a complex cross-shareholding structure allows their families to exercise nearly uncontrolled power over the sprawling business empires, data showed Thursday. In South Korea's business scene, a "group" does not refers to a legal entity, but instead a network of numerous subsidiaries connected through a web of cross-shareholdings which allow the founding families to sit at the top managerial positions with on
IndustryAug. 6, 2015
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Ex-first lady embarks on schedule for Day 2 in N. Korea
The widow of former President Kim Dae-jung visited facilities for orphans and the elderly in North Korea Thursday, but it is not immediately known whether she is able to meet with North Korean leader Kim Jong-un, her aides said.Lee Hee-ho, 93, who was the South's first lady during Kim's five-year tenure until 2003, arrived in Pyongyang on Wednesday for a four-day visit, hoping that her rare trip could pave the way for inter-Korean dialogue and cooperation in a landmark year.Earlier in the day, s
North KoreaAug. 6, 2015
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Imported car sales in S. Korea jump 14 pct in July
Sales of imported cars in South Korea jumped 14.3 percent in July from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday.According to the data by the Korea Automobile Importers and Distributors Association, 20,707 foreign vehicles were newly registered in the country last month, compared with the previous year's 18,112 units.The July registration figure, however, was down 14.7 percent from a month earlier. The latest figure raised the cumulative sales of
MobilityAug. 6, 2015
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Close friends set to clash in Premier League
Two of South Korea's best football imports to Europe, midfielders Ki Sung-yueng and Lee Chung-yong, will have a chance to go head-to-head in the same league for the first time during the 2015-16 Premier League season.The two close friends go back nearly a decade, when they both joined the South Korean club FC Seoul in 2006. Lee, 27, left the domestic league first when he signed with the Premier League club Bolton Wanderers in 2009.Ki, 26, joined his friend on the way out, though he signed with C
SoccerAug. 6, 2015
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Park mulls holding Cabinet meeting to finalize pardons
President Park Geun-hye could hold a Cabinet meeting next week to finalize details of special pardons, the presidential spokesman said Thursday.Min Kyung-wook said the meeting could be held next Thursday, though he declined to confirm whether Park will grant special pardons to convicted business tycoons.Local media reported Thursday that those who will receive pardons will include SK Group Chairman Chey Tae-won and Hanwha Group Chairman Kim Seung-yeon.Park has instructed officials to review the
Social AffairsAug. 6, 2015
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LG to join hands with Google for payment system: sources
South Korea's No. 2 tech giant LG Electronics Inc. is set to join forces with U.S. Google Inc. for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals.LG Electronics is anticipated to showcase Google's next Nexus smartphone in October, according to the sources. While a new Nexus model comes with the latest version of the Android operating system, the upcoming edition is widely expected to come with Android Pay, a mobile
TechnologyAug. 6, 2015
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S. Korean mobile carriers lag behind overseas rivals in profitability
South Korean mobile carriers fell behind their overseas counterparts in profitability in the first half of 2015 as they spent big on marketing in the tightly congested domestic market and building faster mobile networks, industry data showed Thursday.The operating margin, or the ratio of operating income to total revenue, at the country's three mobile carriers, came to 7.5 percent in the January-June period on average, according to the data.South Korea's top mobile carrier SK Telecom Co. saw its
IndustryAug. 6, 2015
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N. Korea not yet preparing for rocket launch: 38 North
The latest available commercial satellite imagery shows nothing that suggests North Korea has begun preparations for a long-range rocket launch from its recently upgraded launch site despite media reports indicating otherwise, a U.S. research institute said Wednesday.Speculation has grown that the North could launch a long-range rocket from the Sohae Satellite Launching Station around October to mark the 70th anniversary of the founding of the Workers' Party after a recent upgrade enabled the st
North KoreaAug. 6, 2015
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U.S. supports any effort to persuade N. Korea to denuclearize
The United States supports any efforts to persuade North Korea to give up its nuclear programs, the State Department said Wednesday, as Pyongyang's top diplomat has been in Malaysia for Asia's biggest security gathering."What we would urge is any effort that would convince North Korea to address the international community's concerns and to get back on a process where it addresses the international community's concerns about its nuclear program. We would support that," State Department deputy sp
North KoreaAug. 6, 2015
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Foreign ministers of two Koreas meet in Malaysia
South Korean Foreign Minister Yun Byung-se greeted his North Korean counterpart, Ri Su-yong, at a regional meeting here Wednesday, but received no response from Pyongyang's top diplomat.Yun and Ri were both in Kuala Lumpur to attend the region's largest security gathering, the ASEAN Regional Forum, to be held on Thursday.Speculation was rife that the two ministers would meet on the forum's sidelines, although few expected them to hold meaningful talks as inter-Korean tensions persist over the No
North KoreaAug. 6, 2015
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China 'cynical' about N. Korea's behavior: source
China appears to be "cynical" about North Korea's behavior amid bilateral tensions caused by Pyongyang's nuclear weapons development, a South Korean diplomatic source familiar with the countries' ties said Wednesday."The impression I got was that China's attitude toward North Korea is cynical," the source said, citing bilateral talks between the foreign ministers of South Korea and China earlier in the day."I got the feeling that they're displeased with North Korea's behavior."Foreign Minister Y
North KoreaAug. 6, 2015
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Elderly bipolar disorder cases surge in South Korea
The number of bipolar disorder patients has increased significantly over the last five years in South Korea, especially among the nation’s elderly population, a study showed Wednesday.According to the study released by Saenuri Rep. Park Yoon-ock, the number of Koreans who developed the mental illness ― which is characterized by fluctuating periods of elevated mood and depression ― increased from 53,056 in 2010 to 75,616 in 2014.The increase was especially striking in Koreans aged 60 or older, wh
Social AffairsAug. 6, 2015
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S. Korea plays Japan to draw at men's East Asian Cup football tourney
South Korea played its long-time rival Japan to a 1-1 draw in the men's East Asian Cup football tournament here Wednesday. Midfielder Jang Hyun-soo put South Korea on board with a penalty in the 27th minute at Wuhan Sports Center Stadium, before Hotaru Yamaguchi equalized for Japan 12 minutes later. South Korea still holds the edge in all-time meetings with 40 wins, 23 draws and 14 losses. South Korea had lost the previous three matches against Japan prior to Wednesday. South Korea, which
SoccerAug. 5, 2015
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Korea Investment Holdings, Daum KaKao team up for Internet-only bank
Local brokerage house Korea Investment Holdings Corp. and Daum KaKao Corp., the operator of the country's largest mobile messenger, said Wednesday that they have agreed to form a consortium for the launch of an Internet-only bank. Korea Investment Holdings will hold a 50 percent stake in the consortium, with Daum KaKao owning 10 percent of the entity.Another tech firm whose name was not revealed, will own 30 percent of the consortium, with the remaining 10 percent to be owned by four commercia
TechnologyAug. 5, 2015
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Japan reaffirms 'no troop dispatch' to Korean Peninsula without consent
Japan reaffirmed Wednesday it would not send its troops to the Korean Peninsula without a request or prior consent from South Korea even though the country is expanding the role of its self-defense forces, the Defense Ministry in Seoul said. Earlier, Japan stressed that Tokyo would never send troops to the Peninsula even for a contingency without permission from the Seoul government. "Japan's defense minister is explaining to its assembly on its position that (Japanese self-defense forces) w
Foreign AffairsAug. 5, 2015
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World Vision to support India and Myanmar for flood relief
An international humanitarian organization said Wednesday it would provide US$10 million to support India and Myanmar where recent flooding has left extensive damages. U.S.-based World Vision said a cyclone during the current monsoon season killed 160 people in northeast India, with millions of flood victims affected from over 10,000 villages in the region. In Myanmar, 36 were killed with 215,000 refugees left displaced. The organization distributed supplies including waterproof clothing,
Foreign AffairsAug. 5, 2015
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S. Korea urges ASEAN nations to take firm stance against N.Korea's nuke program
South Korea urged Southeast Asian nations Wednesday to take a firm stance against North Korea's nuclear weapons program, citing the communist nation's violation of international agreements. Foreign Minister Yun Byung-se made the appeal during a meeting with his counterparts from the 10 countries making up the Association of Southeast Asian Nations as they met on the sidelines of ASEAN-led conferences under way here this week. "North Korea is violating U.N. Security Council resolutions throug
Foreign AffairsAug. 5, 2015