Most Popular
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40% of Korea's workers who reported bullying faced retaliation: survey
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Over 82,000 Korean young people unemployed, not searching for job long-term
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600 evacuated as heavy rain floods roads, homes in southern regions
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[KH Explains] Can smart chargers ease tensions over EV fires?
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[Weekender] Young Koreans more open to Japanese cultural products
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1 in 5 households to have breadwinner over 80 in 30 years
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New Fifty Fifty off to strong start
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Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
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Doctors defend colleague accused of blacklisting non-strikers
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Opposition lawmakers defend their China visit over THAAD
A group of opposition lawmakers, who visited China this week to discuss the planned deployment of an advanced U.S. anti-missile system to South Korea, defended their controversial trip Thursday, saying it helped bilateral diplomatic relations.Six first-term lawmakers of the main opposition Minjoo Party of Korea (MPK) visited Beijing from Monday to Wednesday to discuss with Chinese officials and scholars the plan to deploy a Terminal High-Altitude Area Defense battery to the peninsula by end-2017
DefenseAug. 11, 2016
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Korea to unveil follow-up measures for comfort women foundation
South Korea will "very soon" unveil details on the follow-up measures for a recently launched foundation that aims to help Korean women who were forced into sexual slavery during the Japanese colonial period, a foreign ministry official said Thursday. The foundation was launched late last month under a deal reached between the two countries in December to resolve their deep-running rift over the victims, euphemistically called comfort women. Tokyo promised to contribute 1 billion yen ($9.9 milli
Social AffairsAug. 11, 2016
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Korea discloses its ODA information to international aid transparency body
South Korea has disclosed information on hundreds of its official development assistance projects to an international aid transparency agency, the Seoul government said Wednesday.The disclosure to the International Aid Transparency Initiative was part of Seoul's efforts to enhance transparency in the implementation of its overseas aid programs, officials at the Office for Government Policy Coordination under the Prime Minister's Office said. It marked the first time for an Asian IATI member to r
Aug. 11, 2016
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Seoul stocks up for 6 days to hit fresh yearly highs
South Korean stocks rose slightly on Thursday on the back of gains in tech stocks, extending its winning streak for a sixth consecutive session and hitting fresh yearly highs, despite a renewed slump in global oil prices. The benchmark Korea Composite Stock Price Index rose 4.16 points, or 0.2 percent, to close at 2,048.80. Trade volume was moderate at 342 million shares worth 4.42 trillion won ($4 billion), with losers outnumbering gainers 419 to 370.Trading was choppy. The market opened slight
Aug. 11, 2016
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Various translation devices to assist PyeongChang Olympics athletes
Major South Korean tech firms have recently rolled out a number of automated translation applications for Korean and major foreign languages, industry officials and analysts said Thursday.Co-developed by local software firm Hancom Interfree Inc., and the Electronics and Telecommunications Research Institute, "Genie Talk" is capable of translating Korean, Japanese, English, Chinese, Spanish, French, German, Russian and Arabic.The app will be available to athletes during the 2018 PyeongChang Winte
TechnologyAug. 11, 2016
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Gov't will soon announce plan to address criticism over electricity billing system: Park
President Park Geun-hye on Thursday said her government will announce a plan in the near future to address mounting calls to overhaul South Korea's controversial electricity billing scheme that many say exceedingly overcharges users."The government has been exploring ways to help people struggling due to unusually high temperatures this year," the chief executive said during a luncheon with the newly elected Saenuri Party leadership, referring to public concerns about high utility bills caused b
Aug. 11, 2016
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Watchdog probing Hanjin's inter-affiliate transactions
The antitrust watchdog has been investigating transactions between affiliates of Hanjin Group, South Korea's 15th largest conglomerate, to figure out whether children of the group's chairman took undue profits from unfair business practices, officials said Thursday. The investigation by the Fair Trade Commission focuses on transactions between Uniconverse, an IT service provider under Hanjin Group, and CyberSky, which operates an online duty-free shopping mall for Korean Air Co. It is the group'
IndustryAug. 11, 2016
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[Obituary] Mother of Hanwha chairman passes away
Kang Tae-young, wife of Hanwha Group founder late Kim Jong-hee and mother of group chairman Kim Seung-youn, passed away Thursday morning. She was 90.Kang was born in 1927 in Korea’s western port city Pyeongtaek, Gyeonggi Province. She married the late Kim in 1946 after graduating from high school in Suwon.Kang Tae-young (Hanwha Group)Hanwha, formerly Korea Explosives, was established in 1952, and Kang is known for her dedication to the company’s prosperity.In the initial stage of its growth, in
IndustryAug. 11, 2016
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Strong foreign appetite sends Kosdaq to a new high
Korea’s tech-heavy stock market Kosdaq rose to a new high in its market capitalization on a strong foreign appetite for Korean biotech firms, experts said Thursday. According to Korea Exchange, the aggregate market cap of the secondary exchange came in at 216.7 trillion won at Wednesday’s close, the largest ever since its creation in 1996. It was 7.5 percent larger compared to a year earlier. The composite Kosdaq index closed at 707.46 points, up 3.7 percent from the previous year. The combined
Aug. 11, 2016
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British DJ arrested in Korea on charges of drug smuggling
Police on Thursday said they have arrested a British DJ, 52, on charges of smuggling in drugs to South Korea and handing them over to the executives of a local pharmaceutical company.The Seoul Metropolitan Police Agency said the DJ, whose identity was withheld, is suspected of bringing in a total of 3.78 liters of gamma hydroxybutyrate, a banned substance also known as a "date rape drug," over four times between January and June. (Yonhap)The amount, worth some 370 million won ($340,000), is eno
Social AffairsAug. 11, 2016