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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[Graphic News] Banks to discontinue new account books
Bank account books, which have been used in Korea since 1897, will stop being issued starting September, financial officials said Thursday.The suspension is mainly due to financial systems being computerized and bank account books costing money to print and maintain.The Financial Supervisory Service said that starting this September, financial incentives will be offered to customers who do not want bank books and will stop providing them from September 2017.Incentives will include favorable inte
IndustryJuly 30, 2015
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S. Korea to begin 2nd stage of space rocket development
South Korea will soon enter the second stage of its program to develop the country's own space vehicle by 2021, the government said Thursday.The second, three-year stage of the rocket development plan will begin at the start of next month, in which the country will develop a 75-ton thrust engine, according to the Ministry of Science, ICT and Technology.Following a successful development of a 75-ton thruster, the country will build a 300-ton booster, using four 75-ton thrust engines, which will b
IndustryJuly 30, 2015
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PyeongChang faces race against time in Olympic prep: IOC official
Despite having made progress in its 2018 Winter Games preparations, South Korean host PyeongChang faces a race against time, a senior international Olympic official said Thursday.Gunilla Lindberg, head of the International Olympic Committee's Coordination Commission on PyeongChang, told Yonhap News Agency in Kuala Lumpur that time will be of essence for host South Korea's first Winter Olympics."Time is very crucial," Lindberg said when asked about challenges for PyeongChang, whose preparations h
Olympic GamesJuly 30, 2015
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Samsung among most respected firms in China
The Chinese unit of South Korea's Samsung Group said Thursday that it was ranked one of the most respected companies in China, citing an annual survey of a Chinese business newspaper. Samsung and eight other foreign companies, including Volkswagen, IBM and BMW, were included on the list released by the Economic Observer newspaper. The survey attributed innovation edge, corporate social responsibility, environment protection and global strategy to the companies that gain respect, according to a s
IndustryJuly 30, 2015
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N. Korea contacts Italian firm for hacking software: S. Korean lawmaker
An Italian cybersecurity firm testified that North Korea had contacted the company to purchase hacking software programs, a South Korean opposition lawmaker said Thursday.South Korea's top intelligence agency recently admitted to purchasing similar software from the Milan-based Hacking Team, triggering suspicions that it has carried out illegal surveillance of ordinary citizens."Hacking Team even testified to receiving a negotiation deal from North Korea," said Lee Jong-kul, floor leader of the
North KoreaJuly 30, 2015
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BOK hints at lowering inflation target band
South Korea's central bank said Thursday that downside pressure on consumer prices will persist on the demand side, hinting that it may possibly lower its three-year inflation target range."On the demand side, downside pressure will persist, with the output gap remaining in negative territory on slowing growth. On the supply side, the impact of low oil prices will continue," the Bank of Korea said in its semiannual report on consumer inflation.The forecast comes as Asia's fourth-largest economy
July 30, 2015
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S. Korea aims to sell food with K-pop in northern China
A South Korean government trade agency held an investor fair in northern China on Thursday to sell Korean food utilizing the country's pop culture. The two-day fair, held in the northeastern city of Shenyang, drew about 10 South Korean food firms and 85 Chinese firms, said the Shenyang office of the Korea Trade and Investment Promotion Agency.Riding the growing popularity of Korean pop culture in China, the demand for Korean food is also growing here, said Kim Doo-hee, head of KOTRA's Shenyang o
IndustryJuly 30, 2015
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LG Uplus Q2 net more than triples on robust mobile sales
LG Uplus Inc., South Korea's smallest mobile carrier, said Thursday its net profit more than tripled in the second quarter, driven by strong sales in wireless business and reduced marketing costs. Net income came to 115.9 billion won ($99.8 million) in the April-June period, up 245.3 percent from 33.6 billion won the previous year, the company said in a regulatory filing. The bottom line beat the median estimate of 89.5 billion won in a poll by Yonhap Infomax, the financial news arm of Yonhap Ne
IndustryJuly 30, 2015
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[팟캐스트](104) 메르스 종식선언 외 1건
진행자: 윤민식, Julie Jackson 1. 정부, 메르스 ‘사실상’ 종식 선언 및 병원 문화 개선 기사요약: 황교안 국무총리가 이번주 사실상 메르스 사태가 종식되었음을 선언한 데 이어, 복지부는 메르스 확산에 일조한 것으로 추정되는 병문안 및 간호 문화를 개선하기로 나섰다. 아이튠즈(아이폰):https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드):http://www.podbbang.com/ch/6638 After MERS, Korea vows hospital culture reform[1] Seoul announced that it will make efforts to change the nation’s hospital culture, which involves family members staying with patients in hospital rooms as ma
PodcastJuly 30, 2015
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S. Korea spurns N. Korea's call to stop joint drills with U.S.
South Korea on Thursday rejected North Korea's call to end joint South Korea-U.S. military exercises, defending the joint moves as only "defensive" in nature."Joint military drills between South Korea and the U.S. are something that are annual and defensive," Defense Ministry spokesman Kim Min-seok said in a regular briefing. The drills cannot be a matter of precondition for inter-Korean exchanges, Kim said. "It is a must-have to prepare against North Korea's (potential) invasion of the South,"
North KoreaJuly 30, 2015
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Opposition lawmaker summoned for alleged perjury in election meddling case
An opposition lawmaker was summoned by the prosecution Thursday for questioning over alleged perjury in a presidential election meddling case.Rep. Kwon Eun-hee of the New Politics Alliance for Democracy was a police officer on a team that in 2013 investigated the National Intelligence Service's alleged online smear campaign to sway public opinion in favor of then ruling party candidate Park Geun-hye in the 2012 presidential election.In April 2013, Kwon claimed she had been barred by her superior
PoliticsJuly 30, 2015
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S. Korea, Poland to work for peace on Korean Peninsula
South Korea and Poland will work together to establish peace and reconciliation on the divided Korean Peninsula, their foreign ministers agreed during a meeting in Warsaw, according to the Foreign Ministry on Thursday.Foreign Minister Yun Byung-se and his Polish counterpart, Grzegorz Schetyna, held talks in the Polish capital Wednesday, during which they discussed a wide range of bilateral and global issues, including an inter-continental rail project involving both sides, the ministry said in a
InternationalJuly 30, 2015
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Offshore investors cut S. Korea's growth estimate: report
Global investment banks have lowered their growth forecasts for South Korea as it faces a double whammy of lethargic consumption and sluggish exports despite a series of rate cuts and plans to jack up fiscal spending, a report showed Thursday.The average growth estimate by 10 major investment banks for this year reached 2.6 percent, lower than earlier forecasts, according to the report by the Korea Center for International Finance. The figure is lower than the government's 3.1 percent projection
July 30, 2015
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N. Korean leader inspects 'war drills' against U.S., S. Korea
North Korean leader Kim Jong-un has inspected a high-profile Air Force combat contest, describing it as part of "war preparations" against the United States and South Korea, Pyongyang's state media said Thursday.Kim flew to the expanded Kalma Airport in Wonsan along the country's east coast on his special plane, Chammae-1, to "guide" the Combat Aeronautics Contest, said the Korean Central News Agency. As usual, it did not specify the date. Wonsan is known as his hometown.The contest was the seco
North KoreaJuly 30, 2015
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Naver's Q2 net more than triples on upbeat mobile ad sales
Naver Corp., South Korea's top Internet portal operator, said Thursday its second-quarter net profit more than tripled from a year earlier, buoyed by robust revenues from mobile advertising. Net income reached 124.1 billion won ($107 million) in the April-June period, compared with 39.4 billion won the previous year, the company said in a regulatory filing. The figure, however, falls far short of the median estimate of 150.2 billion won in a poll by Yonhap Infomax, the financial news arm of Yonh
IndustryJuly 30, 2015
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S. Korea reports no additional MERS cases for 25th day
The number of people diagnosed with Middle East Respiratory Syndrome in South Korea remained flat at 186 on Thursday as the country reported no additional cases of the disease for the 25th straight day.The country's death toll from the disease also remained unchanged at 36 for the 19th consecutive day, according to the Ministry of Health and Welfare.Out of the 186 diagnosed so far, 138 have been discharged following complete recoveries.The remaining 12 are still hospitalized, but 11 of them have
Social AffairsJuly 30, 2015
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Samsung Q2 net drops 8 pct on weak smartphone sales
Samsung Electronics Co. posted a near 8 percent drop in second-quarter net profit Thursday as its smartphone business remained sluggish on lackluster Galaxy S6 sales and harsh competition from Chinese rivals.Net income came to 5.75 trillion won ($4.95 billion) in the April-June period, 7.97 percent down from 6.25 trillion won a year earlier, the world's top smartphone maker said in a regulatory filing.Sales fell 7.29 percent on-year to 48.53 trillion won in the second quarter, and operating prof
July 30, 2015
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Hybrid car sales on track to hit all-time high: data
Sales of hybrid electric cars in South Korea are on track to reach an all-time high in 2015 amid growing demand for vehicles with better fuel efficiency, industry data showed Thursday.According to the data, 15,953 units of locally produced hybrid electric cars were sold here during the first half of the year, about 1,000 units more than a year earlier. If the current sales pace continues, they are expected to easily renew the current record set in 2012, when 31,236 hybrid vehicles were sold, obs
IndustryJuly 30, 2015
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U.S. should persuade Abe to address tensions with S. Korea through war-anniversary statement: expert
Japanese Prime Minister Shinzo Abe's upcoming war-anniversary statement is so important for the future of relations between Seoul and Tokyo that the U.S. should make greater efforts to get Abe to address historical tensions through the statement, a U.S. expert said.Abe plans to issue the statement next month to mark the 70th anniversary of Japan's defeat in World War II. The statement will be watched closely as it is considered a second chance for him to resolve historical tensions with South Ko
InternationalJuly 30, 2015
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Senate resolution calls for approval of Korea-U.S. civil nuclear accord
A U.S. senator has introduced a resolution calling for approval of the civil nuclear energy cooperation agreement with South Korea, a move that reflects the positive view Congress has about the deal.Sen. Benjamin Cardin brought the resolution (S.J.Res.20) to the Foreign Relations Committee on Tuesday. It is titled, "A joint resolution relating to the approval of the proposed Agreement for Cooperation Between the United States of America and the Government of the Republic of Korea Concerning Peac
InternationalJuly 30, 2015