Most Popular
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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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Military aircraft evacuating S. Koreans in Lebanon returns home
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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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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[Robert Fouser] Why the US election looks so close
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S. Korean shipbuilders seek restructuring amid heavy losses
South Korea's top three shipbuilders are pushing to step up restructuring efforts in the second half of 2015 as they posted record losses earlier this year, industry sources said Sunday. The outlook came as the shipbuilders -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co., and Samsung Heavy Industries Co. -- posted a combined operating loss of 4.7 trillion won ($4 billion) in the first half of 2015. Daewoo Shipbuilding, which posted an operating loss of 3.03 trilli
IndustryAug. 2, 2015
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N.K.leader Kim inspects new nursing home in Pyongyang
North Korean leader Kim Jong-un inspected a newly completed nursing home in Pyongyang, stressing the solid implementation of the country's protective policy for the elderly, its official news agency reported Sunday. "The home was successfully built to suit national character and flavor," Kim Jong-un said during the visit to the Pyongyang Home for the Aged, the North's Korean Central News Agency said in a report without disclosing the date of the visit, as is customary. After touring the home's
North KoreaAug. 2, 2015
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Hanwha Group vows to expand employment
Hanwha Group, South Korea's 10th largest conglomerate, said Sunday it will sharply increase the number of recruits over the next three years to join government efforts to tackle the nation's high youth unemployment. The group said it plans to hire more than 5,700 workers in the second half of this year, up 35 percent from its earlier plan and more than double the number of recruits employed in the first half. Hanwha also said it will push to employ a total of more than 17,000 new workers by 20
IndustryAug. 2, 2015
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Anniversary revitalized ‘The Last Empress’ soaks in nationalism
The first Korean musical shown on Broadway and London’s West End, the first Korean musical to perform more than 1,000 shows and the first Korean musical to reach an audience of more than 130 million worldwide -- “The Last Empress” -- is now on its 20th anniversary open-run in Seoul.After premiering in 1995 at the Seoul Arts Center, the historical production became an unforeseen local and international success never-before experienced in Korea, setting milestones in the country’s relatively short
CultureAug. 2, 2015
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N. Korea says to skip world military sports event in S. Korea
North Korea has notified the France-based organizer of an international military sports event of its decision not to attend an event to be held in South Korea's central city of Mungyeong in October, the defense ministry said Sunday. In a letter sent to the Conseil International du Sport Militaire on Friday, North Korea's sports education committee said it will not attend the 2015 CISM World Games Korea, according to the Ministry of National Defense. The reason for the absence was not elabo
North KoreaAug. 2, 2015
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Top 10 conglomerates' overseas sales down 4.6 pct in 2014
South Korea's top 10 business groups' exports fell 4.6 percent on-year in 2014, data showed Sunday, with only three experiencing an increase in overseas sales. The combined revenue from exports for the conglomerates came to 546.4 trillion won ($466 billion) last year, compared to 573.1 trillion won posted in 2013, the data compiled by industry tracker Chaebul.com showed. The overseas market was responsible for 51.1 percent of the groups' combined revenue in 2014, down 2.2 percentage points fro
Aug. 2, 2015
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N. Korea shifts entries of border-area howitzer bunkers northward
North Korea has moved the entrances to the military's howitzer bunkers in the border area to a northward direction from the south, making it more difficult for South Korea and the U.S. to curb the howitzer attacks in a war situation, a government source said Sunday. "Changes have been detected in the shape of the bunkers for self-propelled guns, which belong to artillery units of the North's 4th Corps in Hwanghae Province," the government source said, asking not to be named. "Previously south
North KoreaAug. 2, 2015
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Top organizer vows hard work in PyeongChang Games prep
The top organizer for South Korea's first Winter Games assured international Olympic officials on Saturday that he will put in the hard work necessary for the multisport competition. PyeongChang, located some 180 kilometers east of Seoul, is preparing for the 2018 Winter Games with Cho Yang-ho, also chairman of conglomerate Hanjin Group, at the helm. Cho, who took over the organizing committee on July 31 last year after having earlier served as PyeongChang's bid leader, told the Internationa
Olympic GamesAug. 1, 2015
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Ruling party head vows efforts to win general, presidential elections
South Korea's ruling party chief has vowed to lead the Saenuri Party to landslide victories in next year's general elections and in the presidential election in 2017. Rep. Kim Moo-sung, chairman of the Saenuri Party, made the remarks Friday at a meeting with South Korean residents living in Los Angeles, the final stop of his nine-day trip to the United States, which started last Saturday. "I will do my best to make the administration of President Park Geun-hye a success," Kim said. He said
PoliticsAug. 1, 2015
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Pacific trade talks fail to end in TPP deal
WASHINGTON -- Delegates negotiating a huge Pacific free-trade agreement failed to reach a final deal Friday after several days of intense talks in Hawaii, in a setback to US President Barack Obama. But US Trade Representative Michael Froman, in a statement on behalf of the 12 countries involved, insisted that "significant progress" had been made on the Trans-Pacific Partnership (TPP) agreement, the most ambitious trade deal in decades. "After more than a week of productive meetings we've mad
World NewsAug. 1, 2015
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N. Korean IOC member stresses importance of sports exchanges with S. Korea
The two Koreas should keep promoting sports exchanges even as they remain at odds politically, a senior Pyongyang sports official said. Chang Ung, the lone North Korean member of the International Olympic Committee (IOC), told Yonhap News Agency in Kuala Lumpur on Friday that politics and sports should remain separated. "Just because there haven't been many exchanges (between the Koreas), it doesn't mean we should also halt sports exchanges,"Chang said on the sidelines of the 128th IOC Sessi
North KoreaAug. 1, 2015
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China envoy touts traditional ties with N. Korea
Chinese Ambassador to North Korea Li Jinjun has paid tribute to the Chinese soldiers killed during the 1950-53 Korean War, touting traditional ties with wayward ally North Korea, according to China's state-run media Saturday. Li made the remarks as he visited a cemetery of the Chinese war dead in the border city of Kaesong on Friday, Xinhua news agency reported from Pyongyang. North Korea's young leader Kim Jong-un laid a wreath at a cemetery of Chinese war dead earlier this week in the wa
InternationalAug. 1, 2015
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U.S. soldiers making maps of underground military facilities in N. Korea
U.S. soldiers stationed in South Korea have been making sophisticated maps of underground military facilities in North Korea to better deal with threats posed by the North, a military journal showed Saturday. U.S. Forces Korea (USFK) has been also running an education program for senior South Korean and American military officers to share information on North Korea's underground facilities and to jointly respond to the North's military threats, according to a contribution by Korean Army Maj. P
InternationalAug. 1, 2015
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Seoul shares to move in narrow range next week
South Korean stocks are likely to trade in a tight range next week, affected by lackluster corporate earnings and continuous selling by foreign investors, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,030.16 on Friday, falling 15.80 points, or 0.77 percent, from a week earlier. The index was mostly driven by corporate earnings announced for large-cap shares throughout this week, while the local currency's descent against the U.S. dollar helped b
Aug. 1, 2015
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S. Korea's MERS cases, fatalities remain flat
The number of people diagnosed with Middle East Respiratory Syndrome (MERS) in South Korea continued to remain unchanged at 186 on Saturday, with the death toll also staying flat for three weeks, the government said. The country's death toll from the disease stood at 36 for the 21st consecutive day, according to the Ministry of Health and Welfare. Out of those infected so far, 138 patients have been discharged from hospitals following complete recoveries. The remaining 12 are still hospita
Social AffairsAug. 1, 2015
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S. Korea's exports shrink for seventh consecutive month in July
South Korea's exports again shrank from a year earlier in July, posting an on-year drop for the seventh consecutive month, the government said Saturday. The country's overall outbound shipments came to US$46.61 billion last month, down 3.3 percent from the same month last year, according to the Ministry of Trade, Industry and Energy. However, the country's trade surplus jumped from $2.34 billion in July 2014 to $7.76 billion last month as imports plunged 15.3 percent on-year to $38.85 billio
Aug. 1, 2015
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U.S. calls for enhancing defense against 'very real' biological weapons threats from N. Korea
The U.S. shipment of live anthrax spores to South Korea was an "extremely regrettable" mistake that happened as the allies sought to enhance capabilities to cope with "very real and significant" biological weapons threats, a Pentagon official said Friday. "While this was an extremely regrettable incident, it is important to keep in mind that our alliance biological defense programs are designed to enhance U.S. and ROK readiness and defensive capabilities in the face of very real and significan
Foreign AffairsAug. 1, 2015
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S. Korean Olympic medalists apply for IOC membership candidacy
Four South Korean Olympic medalists have applied for International Olympic Committee (IOC) membership candidacy, the country's top sports body announced Friday. The Korean Olympic Committee (KOC) said former weightlifting champ Jang Mi-ran, reigning shooting gold medalist Jin Jong-oh, ex-table tennis champion Ryu Seung-min and fencing medalist Nam Hyun-hee have submitted their applications. The KOC said it will choose one final candidate for a seat on the IOC's Athletes' Commission by mid-Au
Olympic GamesAug. 1, 2015
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[Newsmaker] Beijing to host 2022 Winter Olympics
Supporters celebrate while watching a broadcast of International Olympic Committee President Thomas Bach (on screen) announcing Beijing as the host city of the 2022 Olympic Winter Games, at the Olympic Park in Beijing on Friday. (EPA-Yonhap)KUALA LUMPUR -- Beijing was selected Friday to host the 2022 Winter Olympics, becoming the first city awarded both the winter and summer games.Beijing narrowly defeated Almaty, Kazakhstan, in a vote of the International Olympic Committee. The vote was surpris
Olympic GamesJuly 31, 2015
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[Weekender] Seoul becomes hotbed for luxury watchmakers
South Korea has become a hotbed for luxury watchmakers from around the world, thanks to more people choosing timepieces to express their fashion, identity and, moreover, their wealth. Global powerhouses such as Bulgari, Piaget, Chaumet, Chanel, Cartier and Rolex have been joined by lesser-known but more exotic competitors, such as Patek Phillippe, Breguet, Jaeger-LeCoultre, Vacheron Constantin, IWC, Chopard and many more, creating one of the most dynamic destination for luxury and watch-enthusia
IndustryJuly 31, 2015