Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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FIFA reduces Chung Mong-joon's ban
FIFA has reduced its ban on ex-Vice President Chung Mong-joon from six to five years.The world's football governing body announced the decision in Zurich, Switzerland, on Tuesday (local time) following a meeting of its appeals committee.Last year, Chung, who was a FIFA vice president from 1994 to 2011, was found guilty of infringing FIFA's code of conduct during South Korea's bidding process for hosting the 2022 World Cup, which was eventually awarded to Qatar in 2010. The ban imposed by the adj
SportsJuly 6, 2016
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Samsung to maintain Europe HQ in UK
[THE INVESTOR] Samsung Electronics has decided to maintain its Europe headquarters in the UK after considering relocation to other European Union countries such as the Netherlands and Germany in the wake of Brexit.Citing an unnamed Samsung executive, Maeil Business News reported on July 6 that the Korean tech giant has no plan to relocate its Europe headquarters. A Samsung Galaxy S7 experience zone set up at a shopping mall in London.“Maintaining the current location is the company’s official st
TechnologyJuly 6, 2016
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Samsung Securities says KOGAS ‘excessively undervalued’
[THE INVESTOR] Samsung Securities said Korea Gas Corporation ’s stocks are considerably undervalued, trading at around 0.33 times price-to-book value. “We expect that KOGAS’ profit from overseas resources development projects to bottom out from July while domestic sales of liquefied natural gas remain stable,” said Yang Ji-hye, an analyst at the securities firm. Samsung Securities maintained its buy rating and price target of 58,000 won (US$49.90) for KOGAS. The stock was up 1.26 percent to 40,3
July 6, 2016
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N. Korea discharges dam water near border with South
North Korea discharged water from a dam near the border with South Korea Wednesday, prompting the South to evacuate border-area residents for fears of flooding."It seems that North Korea discharged water from Hwanggang Dam at around 6 a.m.," a South Korean military official said. "North Korea opened the floodgates of the dam bit by bit from early morning." The North did not notify the South of the dam water discharge in advance despite their previous agreement to do so, the official said. Still,
North KoreaJuly 6, 2016
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[Newsmaker] Pirates' Kang Jung-ho faces sexual assault probe in Chicago
Kang Jung-ho, Korean infielder for the Pittsburgh Pirates, is being investigated over a sexual assault allegation that emerged in Chicago, a U.S. newspaper said.Citing a police spokesman, the Chicago Tribune reported Tuesday (local time) that Kang faces the probe over an incident that allegedly took place when the Pirates were visiting the Chicago Cubs last month. Kang hasn't been charged with a crime.The Pirates said they are aware of the allegation and vowed full cooperation with the authoriti
BaseballJuly 6, 2016
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Korea to retire 10 aged coal power plants
The Korea government said Wednesday it will shut down 10 aged coal-fired power plants in the coming 10 years and no longer build new ones as part of its efforts to reduce air pollution and tackle worsening fine dust emissions.The Ministry of Trade, Industry and Energy said that it will close 10 coal stations aged 30 years or over, with a combined capacity of 3.3 million kilowatts, one by one when they reach the end of their respective operational life span.Two power plants on the country's west
Social AffairsJuly 6, 2016
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U.S. State Department to release human rights report on N.K. this week
The U.S. State Department is expected to submit a report on North Korea's human rights abuses to Congress this week, and the document is likely to name North Korean leader Kim Jong-un responsible for the situation, a diplomatic source said Tuesday.Under the North Korea Sanctions and Policy Enhancement Act enacted in February, the State Department is required to submit a specific report on Pyongyang's human rights abuses within 120 days of enactment. That deadline passed on June 17.The department
North KoreaJuly 6, 2016
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Antitrust watchdog closes investigation on banks' rate-rigging allegations
Korea's antitrust watchdog said Wednesday that it has closed a probe into years-long allegations that six local commercial banks fixed their certificate of deposit rates, citing a lack of evidence.Six major banks including Shinhan Bank, Kookmin Bank and Woori Bank had allegedly colluded to rig the CD rate to be at a higher level than the market price between 2009 and 2012, while the central bank started to take the expansionary monetary policy in 2012.A CD is a financial instrument sold by banks
July 6, 2016
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U.S. approves Korea's request to buy SM-2 Block IIIB missiles
The U.S. government has approved a proposed sale to Korea of SM-2 Block IIIB Standard missiles, containers and support, the Defense Security Cooperation Agency said Tuesday.The agency said in a statement that the South asked for a possible sale of 17 SM-2 Block IIIB Standard missiles and 17 SM-2 missile containers, and that the State Department approved the proposed sale.The estimated cost is $65 million, the agency said, adding that it has notified Congress of the possible sale."The Republic of
Diplomatic CircuitJuly 6, 2016
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Pentagon: No final decision on THAAD
No final decision has been made as to the potential deployment of the U.S. THAAD missile defense system in South Korea, the Defense Department said Tuesday, amid growing speculation that a decision is imminent.Pentagon press secretary Peter Cook made the remark in response to a question about a newspaper report that the U.S. and the South have reached a decision to place a Terminal High Altitude Area Defense battery in the South's southeastern town of Chilgok."I can't confirm any report of that
Diplomatic CircuitJuly 6, 2016