Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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Over 82,000 Korean young people unemployed, not searching for job long-term
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[KH Explains] Can smart chargers ease tensions over EV fires?
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40% of Korea's workers who reported bullying faced retaliation: survey
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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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[Weekender] Young Koreans more open to Japanese cultural products
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Assembly to review disputed appointment of national soccer team coach
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Evicted guest burns down inn; 3 killed
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Arrival of fall calls for more outdoor festivals
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Banks' daily FX turnover down 6.7% in Q2
The daily foreign exchange turnover by local and foreign banks in South Korea dropped 6.7 percent in the second quarter from a quarter earlier due to a decreased volatility in the foreign-exchange market, the central bank said Friday.The daily FX turnover averaged $49.44 billion in the April to June period, compared to the previous quarter's 52.99 billion, according to the Bank of Korea.The first-quarter reading is the highest level ever, the BOK said.The daily trading volume of foreign exchange
Aug. 5, 2016
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Daewoo Shipbuilding CFO summoned over accounting fraud
Seoul prosecutors on Friday called in the chief financial officer of Daewoo Shipbuilding & Marine Engineering Co. for questioning on allegations that he cooked the books to cover up the company's operating losses.The special investigation team said Kim Youl-jung, 58, is being grilled over accusations that the shipbuilder underreported some 120 billion won ($107 million) in business losses last year.About a week ago, the prosecution indicted former head of the company Ko Jae-ho on charges of over
Social AffairsAug. 5, 2016
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Parliament seeks to revise up price limits on anti-graft law
A South Korean parliamentary committee on Friday agreed to revise up price ceilings stipulated in the controversial anti-graft law amid rising concerns that the limits on exchanges of gifts may weigh down the consumption of agricultural goods.The Kim Young-ran anti-graft law aims to bring more transparency among public officials, journalists and private school faculty by setting price ceilings on meals and gifts they can receive. The Constitutional Court also gave a nod to the policy last month,
PoliticsAug. 5, 2016
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Did Apple Music just launch in Korea?
Apple launched the Apple Music service in Korea on Friday without a fanfare.IPhone users here found they were suddenly able to access the Music application that had been for a prolonged time a mere decorative presence on the home screen. Android users can also use the Apple Music service by downloading the application from Google’s Play Store. Apple initially excluded Korea from its list of serviced countries because it had failed to reach agreements with music copyright associations here.In Aug
IndustryAug. 5, 2016