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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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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Samsung, top banks to create W2tr green growth fund for SMEs
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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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June's exports shrink 2.7%, the smallest rate of decline in a year
South Korea's exports shrank for the 18th month in a row in June, falling 2.7 percent from a year ago to $45.3 billion, the trade ministry said Friday.But the rate of export decline was the smallest in a year, according to the Ministry of Trade, Industry and Energy. The rate of decline slowed from a 6-percent drop in the previous month and posted the smallest on-year fall since June last year when it fell 2.7 percent.Imports continued to shrink at a faster clip, falling 8 percent on-year to $33.
July 1, 2016
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[Around the hotels] Round up of hotel events and news
Escape summer heat at the Ritz-Carlton Seoul The Ritz-Carlton Seoul presents Sunday Escape package for guests seeking a relaxing Sunday break.The package includes 12-hour stay at the Superior Deluxe room during the daytime and lunch at the Oksan Buffet for two adults and one child under the age of 6. The guests could choose to check in either at 9 a.m. or at 10 a.m., avoiding the relentless heat of midsummer.The guests will also be allowed access to the hotel’s indoor swimming pool during the st
TravelJuly 1, 2016
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[Weekender] Ghost hunting in the dark alleys of Seoul
Amid modern skyscrapers in Seoul, it’s hard to imagine that some horrifying murders or traumatic suicides occurred. But the northern center of the capital city is in fact where many major historical events with dark stories behind took place. Korean history and its appalling stories fascinate Joe McPherson, president of ZenKimchi food blog and the guide of the Dark Side of Seoul tour that runs every Friday and Saturday in the bustling areas of Jongno, Gwanghwamun and Cheonggyecheon Stream. “Th
TravelJuly 1, 2016
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Samsung’s consumer electronics business to post robust Q2 profit
[THE INVESTOR] Tech giant Samsung Electronics’ consumer electronics business is forecast to see its operating profit for the April-June period surpass 1 trillion won ($870 million). Market analysts also expect Samsung to show a strong business performance in the latter half this year, enjoying the weak Korean won due to Britain’s vote to exit the EU. The CE business will likely see its operating income for the second quarter cross 1 trillion won for the first time since 2009, according to invest
TechnologyJuly 1, 2016
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LG’s appliance business expected to see record profits in Q2
[THE INVESTOR] LG Electronics is expected to post more than 10 percent operating profit ratio in its appliance business in the second quarter on upbeat sales of more lucrative high-end products, analyst estimates found on July 1. The home appliance and air solutions division enjoyed record sales and operating profit to sales ratio in the first quarter. Especially the operating profit ratio soared to 8 percent in the April-June period and the figure is expected to exceed 10 percent in the second
TechnologyJuly 1, 2016
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Korean airlines increase flights to Japan, Vietnam
[THE INVESTOR] Major local air carriers are expanding their services to Tokyo and Sapporo in Japan and Da Nang in Vietnam, in response to the growing number of tourists to the area, Incheon International Airport Corporation said on July 1. Asiana Airlines has launched a new direct route to Sapporo, capital of Hokkaido prefecture, on the date. The new flights are scheduled to operate daily on its Boeing 767 aircraft, which carries 250 people. Jin Air, Korean Air’s budget flight, has added two dai
IndustryJuly 1, 2016
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[Weekender] Urban legends stoke kids' fears
Children growing up in Korea are exposed to numerous urban legends that often fan fear and anxiety -- unfounded fears, in the eyes of adults. Set against the backdrop of modernized cities, the urban legends typically involve nighttime happenings at rather ordinary, everyday places -- schools, elevators, bus stops, bathrooms, and so forth -- creating irrational fears of everyday activities. In those stories, a ghost happens to arise from right next to the bed or under the desk and tries to suff
CultureJuly 1, 2016
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Korea to delay space rocket launch for technical setback
South Korea has decided to postpone the test-launch of its next-generation space rocket, scheduled for late next year, due to some technical glitches, officials said Friday.The government had planned to complete the development of a two-stage test rocket by 2017 as part of a long-term project to produce an indigenous three-stage KSLV-2 rocket.South Korea aims to launch a moon orbiter as early as 2020.In a report to the government, however, the Korea Aerospace Research Institute said it will have
IndustryJuly 1, 2016
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Sales of Kia cars in Mexico more than triple in less than 1 year
Kia Motors Corp., South Korea's second-largest carmaker, said Thursday that sales of its vehicles more than tripled in Mexico in May from nearly a year ago.Kia said it sold 4,610 units in Mexico in May, compared with 1,499 units in July last year when the carmaker began to sell its vehicles there.The carmaker said it sold a combined 18,200 units in the first five months of this year, accounting for a 3.1-percent share in Mexico's auto market.Kia said it expects to sell about 50,000 units and boo
MobilityJuly 1, 2016
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Dentists launch 'Denture Day' as insurance coverage expands
The local dental association said Friday it has designated July 1 as Denture Day, timed with revised state health insurance coverage going into effect.The coverage for dentures has been widened to people over 65 from the former 70 as of Friday, halving the cost for those individuals to receive a set of artificial teeth. According to the Korean Academy of Prosthodontics, one out of two Koreans aged 65 or older use dentures.The academy said dental clinics and hospitals will mark the day with free
Social AffairsJuly 1, 2016
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Brexit to limit the scope of British law firms in Korea
[THE INVESTOR] South Korea’s legal consultation market is now open to European Union-based law firms, but those based in Britain are now likely to face severe limitations. Under the Korea-EU Free Trade Agreement, EU law firms are allowed to set up joint ventures with Korean law firms. Without a join venture, however, the EU-base law firms are limited to consultations on EU laws. But once Britain leaves the EU, law fims base in Britain would not be able to operate joint ventures. Lawyers offices
IndustryJuly 1, 2016
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BOK chief to hold special briefing on low inflation rise
The head of South Korea's central bank will hold a special press conference this month to explain the reasons for the low consumer price inflation that has remained far below the central bank's annual target, the Bank of Korea said Friday.The special conference comes as the country's consumer prices gained only 0.9 percent in the first six months of the year, far short of the BOK's 2-percent target for the 2016-2018 period.While switching to a single-digit target from a target range for consumer
July 1, 2016
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Young, promising Argentine policymaker proud of his Korean roots
For Antonio Kyore Beun, a 29-year-old assistant vice culture minister of Argentina, the fact that he is a son of immigrants from South Korea has not been a handicap at all but something that always helps him do his job.South Korea's impressive economic advance is surely a reason for people to have favorable views of anything related to the country but among other things, its popular music, dramas and movies are a yet another major factor behind less prejudice and more friendliness that he comes
InternationalJuly 1, 2016
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Seoul stocks open up on relieved post-Brexit sentiment
South Korean shares opened higher Friday, extending a rally into a fifth day on eased investors' anxiety about Britain's vote last week to exit the European Union. The benchmark Korea Composite Stock Price Index rose 13.86 points, or 0.70 percent, to 1,984.21 in the first 15 minutes of trading. After shedding 3.09 percent on Friday when Britain's EU exit decision was officially announced, the main index rebounded this week to recover the loss. Investors appear to have been relieved by concert
July 1, 2016
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N.K. leader voices 'willingness' to improve ties with China
North Korean leader Kim Jong-un has voiced his "willingness" to develop relations between Pyongyang and Beijing in his message to Chinese President Xi Jinping, the North's state media said Friday.The North's leader delivered such remarks in a congratulatory message to Xi on Thursday to mark the 95th anniversary of the founding of China's communist party, according to the Korean Central News Agency."We have a willingness to develop together with the Chinese comrades the DPRK-China friendship with
North KoreaJuly 1, 2016
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Study shows youth employment lacks stability
Youth employment may have improved numerically last year but job stability has not as most of the obtained jobs were either short-term or menial, a study indicated Friday.An analysis by Park Jin-hee at the Korean Employment Information Service said 68,000 more people in their 20s were employed last year compared to a year before. The increase contrasts with those in their 30s, whose employment fell by 38,000, and also those in their 40s whose number decreased 14,000.But a closer look showed that
Social AffairsJuly 1, 2016
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Experts group to help medical institutions go abroad
State health agencies said Friday they have launched a group of specialists to effectively assist South Korea's medical institutions get established in foreign countries.The Ministry of Health and Welfare and the Korea Health industry Development Institute are working together in operating the "Global Healthcare Key Opinion Leaders" and has selected 47 members for the group that will provide consultations on legal, commercial and financial matters specific to individual countries, officials said
IndustryJuly 1, 2016