Most Popular
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After opposition U-turn, Korea to repeal plan for financial capital gains tax
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North Korea fires ballistic missiles hours before US Election Day
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Amid record-low approval rating, Yoon forgoes Assembly budget address
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Gangnam Station ramming suspect to face detention
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Harris, Trump face off as North Korea tests US on Election Day
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South Korea and Central Asia set stage for first summit
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Local food festivals enjoy unexpected popularity as snacks go viral
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[Out of the Shadows] Seoul room clubs offer drugs to compete for clientele
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Ruling party leader condemns North Korea troop dispatch as crime against humanity
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SK chief vows to tackle AI bottleneck along with Nvidia, TSMC
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S. Korean political circle in emergency mode to tackle Japan's 'whitelist' decision
South Korea's parliament and political parties held emergency meetings Friday to draw up measures to tackle Japan's decision to remove South Korea from a list of trusted trading partners.Earlier in the day, Japan's Cabinet approved a proposal to strip South Korea from the "whitelist" of countries subject to preferential trade status in additional economic retaliation over a row surrounding Japan's wartime forced labor.National Assembly Speaker Moon Hee-sang expressed "deep regret&
PoliticsAug. 2, 2019
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Top diplomats of S. Korea, US, Japan to meet trilaterally amid tensions over whitelist exclusion
The top diplomats of South Korea and Japan faced off Friday over Tokyo's decision to remove Seoul from its list of trusted trade partners during a regional forum in Thailand.Foreign Minister Kang Kyung-wha and her Japanese counterpart, Taro Kono, traded barbs at the annual gathering, involving the 10-member Association of Southeast Asian Nations, their countries and China. The meeting was held after Japan's Cabinet approved a decision to drop South Korea from the "whitelist" of 27 coun
Foreign AffairsAug. 2, 2019
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Cheong Wa Dae says Japan's additional trade restrictions 'deeply regrettable'
Cheong Wa Dae expressed "deep regret" Friday over Tokyo's decision to impose additional export curbs against South Korea."Going forward, our government will cope with Japan's unfair measure with a resolute attitude," Cheong Wa Dae spokesperson, Ko Min-jung, said in a statement. It came in response to Japan's Cabinet approval for the removal of South Korea from the so-called "whitelist" of trade partners, which Tokyo regards as trustworthy in terms of national securi
Foreign AffairsAug. 2, 2019
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Unification ministry expresses strong regret over NK's launches of projectiles
The unification ministry expressed "strong regret" over North Korea's launches of projectiles on Friday, saying that such a move could negatively affect efforts to bring peace to the Korean Peninsula.North Korea fired unidentified short-range projectiles off its east coast earlier in the day, according to Seoul's military. What the North fired appears to be a new type of short-range ballistic missiles, though more analysis will be needed, according to the presidential office. "We
North KoreaAug. 2, 2019
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N. Korea's projectiles appear to be new SRBMs: Cheong Wa Dae
North Korea fired what appear to be new-type short-range ballistic missiles (SRBMs) early Friday morning, Cheong Wa Dae said after an emergency meeting at an underground bunker in Seoul.Chung Eui-yong, head of the national security office, presided over the session, attended by Defense Minister Jeong Kyeong-doo and National Intelligence Service Director Suh Hoon, at the crisis management center inside the presidential compound.It came hours after the North shot a couple of projectiles from a nor
North KoreaAug. 2, 2019
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Moon to hold emergency Cabinet meeting on Japan's 'whitelist' decision
President Moon Jae-in called an emergency Cabinet meeting shortly after Japan pressed ahead with the removal of South Korea from a list of trusted importers on Friday, Cheong Wa Dae said. Moon plans to hold the session at 2 p.m. to discuss countermeasures.Moon's opening remarks will be broadcast live, according to Cheong Wa Dae. (Yonhap)
PoliticsAug. 2, 2019
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Boycott of Japanese goods to intensify as Tokyo expands export curbs
Calls for a boycott of Japan-made goods in South Korea are expected to come to a boil as Tokyo went ahead with its threat to widen controls over exports of materials by removing Seoul from a list of trusted trade partners despite repeated calls to scrap the move. A boycott of Japanese goods has spread across Korea since Tokyo tightened controls on exports of three high-tech materials to Seoul on July 4, in apparent retaliation against Korean court rulings last year over Japan's wartime forced la
EconomyAug. 2, 2019
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Japan hides true intentions, leaving export curbs unjustified
Despite what Japan cites as reasons for its curbs on exports to South Korea, the country may have hidden motives that include an attempt to evade responsibility for its past wrongdoings, officials here say.On July 4, Tokyo implemented tougher restrictions on South Korea-bound shipments of three materials -- resist, etching gas and fluorinated polyimide -- that are essential in the production of semiconductors and display panels.The only reason Tokyo has offered so far for its export restrictions
InternationalAug. 2, 2019
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BOK vows market stabilization efforts amid escalating trade tensions
The Bank of Korea said Friday that it will remain vigilant against any potential volatility in local financial markets caused by escalating trade tension with Japan. "(The BOK) believes there is a possibility that the volatility in the local financial and foreign exchange markets may rise depending on how Japan's export restrictions are actually implemented," the central bank said in a statement after an emergency meeting to review possible fallout from Japan's expanded export restrict
MarketAug. 2, 2019
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Japan takes Korea off list of trusted trade partners, effective Aug. 28
Japan resolved on Friday to remove South Korea from a “whitelist” of 27 countries that receive preferential trade treatment. Japanese Prime Minister Shinzo Abe convened a Cabinet meeting the same day to decide whether to revise the Export Trade Control Order and remove Korea from its list of trusted trading partners.The revised order will be signed by Minister of Economy, Trade and Industry Hiroshige Seko and co-signed by Abe. Seko said the revision would take effect Aug. 28.As of th
IndustryAug. 2, 2019
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Cheong Wa Dae holds meeting of ministers on N. Korea's rocket launch
The office of President Moon Jae-in convened an emergency meeting of security-related ministers Friday to discuss the issue of North Korea's latest launch of unidentified projectiles.Chung Eui-yong, head of the national security office, presided over the session, which opened at 7:30 a.m., Cheong Wa Dae said. It's not a National Security Council session, however, Moon's office added.Early Friday morning, the North shot two projectiles, apparently short-range ones, from a northeastern region into
North KoreaAug. 2, 2019
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Seoul stocks open lower on trade tensions
Seoul stocks opened sharply lower Friday as Japan is set to remove South Korea from its list of trusted trading partners later in the day and a trade row between the United States and China is escalating.The benchmark Korea Composite Stock Price Index crashed 23.10 points, or 1.15 percent, to reach 1,994.24 in the first 15 minutes of trading.It marked the first time in seven months that the index was below the 2,000-mark during a trading session. Tokyo, which began implementing tougher restricti
MarketAug. 2, 2019
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Trump says he has 'no problem' with NK missile tests
US President Donald Trump said Thursday he had "no problem" with North Korea's missile tests, shortly after the regime conducted its third launch in a week."I think it's very much under control," Trump told reporters at the White House. "I have no problem. We'll see what happens, but these are short-range missiles. They are very standard."South Korea's military said North Korea on Friday (Seoul time) launched unidentified short-range projectiles off its east coast.
North KoreaAug. 2, 2019
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US concerned Japan will remove S. Korea from 'whitelist': report
The United States on Thursday expressed concern that Japan will follow through on its threat to remove South Korea from a "whitelist" of countries given preferential treatment in export procedures, leading to an escalation of tensions between the two sides, Reuters reported.Japan is expected to drop South Korea from the list on Friday, just weeks after it tightened controls on the export of some high-tech materials to the neighboring nation.Seoul regards the measures as retaliation for
Foreign AffairsAug. 2, 2019
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Bolton says US ready to resume talks with N. Korea
US National Security Adviser John Bolton said Thursday that the United States is ready to resume denuclearization talks with North Korea, including another summit at the right time.Bolton made the remarks on Fox Business following a series of missile tests by North Korea in the past week. South Korea described the projectiles as short-range ballistic missiles, but the North said the second test on Wednesday involved a new rocket launch system.The launches came despite Washington's efforts to res
North KoreaAug. 2, 2019
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N. Korea fires unidentified short-range projectiles: JCS
North Korea on Friday fired unidentified short-range projectiles off its east coast, South Korea‘s military said, its third launch in a week.The Joint Chiefs of Staff said the projectiles were fired at 2:59 a.m. and 3:23 a.m. from Yonghung, South Hamgyong Province, into the East Sea.“We are monitoring the situation in case of additional launches and maintaining a readiness posture,” the JCS said.Last week, North Korea test-fired two short-range ballistic missiles off its east c
North KoreaAug. 2, 2019
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Pompeo voices hope Kim will deploy team for nuclear talks
US Secretary of State Mike Pompeo on Thursday voiced hope that North Korean leader Kim Jong-un will deploy his negotiation team, reiterating that the US is "ready to go."Pompeo made the remarks amid limited progress in the efforts to resume working-level nuclear talks as agreed by US President Donald Trump and Kim during their impromptu meeting at the Demilitarized Zone separating the Koreas on June 30."We stand ready to continue our diplomatic conversation with the North Koreans,
North KoreaAug. 1, 2019
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K League demand apology from Juventus for 'disappointing' exhibition match
South Korea's pro football governing body, the K League, on Thursday demanded Juventus FC apologize for breach of contract for benching Cristiano Ronaldo in an exhibition match in Seoul last week.Earlier this week, the K League sent a letter of protest to the Italian football club over its irresponsible conduct during the friendly held at Seoul World Cup Stadium on Friday.The game between Juventus and the K League All-Stars ended in a 3-3 draw, but it caused angry reactions from South Korean fan
SoccerAug. 1, 2019
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[Graphic News] South Korea’s coffee market to reach W6.8tr
The size of the South Korean coffee market will reach 6.8 trillion won ($5.76 billion) by the end of this year, according to a report released by the Hyundai Research Institute. Koreans, aged over 20, drank a total of 353 cups of coffee per person on average last year, the report said. The average per capita coffee consumption in the world was 132 cups in the same year, which is one-third of domestic consumption. (Yonhap)
NationalAug. 1, 2019
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Ice show version of Disney's 'Frozen' lands in Seoul
One of Disney's most successful animated films, "Frozen," has come alive on South Korean ice."Disney on Ice: Frozen" opened at Mokdong Ice Rink in western Seoul on Wednesday for a 12-day run, featuring the full story of the Academy Award-winning animated film. "What makes it so unique and exciting is that 'Frozen' and ice make a perfect match," Gig Siruno, performance director of the show, said in a press conference on Thursday. "We are excited to bring these i
CultureAug. 1, 2019