Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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N. Korean students mobilized to pick wild greens for soldiers
North Korea has mobilized residents and school children to pick wild greens for soldiers to make up for the country's food shortage, the U.S.-based Radio Free Asia reported Monday.A North Korean source told the RFA that the impoverished country has brought in middle and high school students this year to gather wild edible greens of various kinds in the mountains and fields. The picked greens are being prepared as side dishes for troops.Anyone who fails to meet the allotted amount for the greens
North KoreaJune 27, 2016
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Saenuri party appoints new secretary-general
The ruling Saenuri Party on Monday appointed Rep. Park Myung-jae as the new secretary-general of its interim leadership as part of efforts to defuse factional tensions and start due preparations for the party's leadership election slated for August.Park replaces Kweon Seong-dong, who has stepped aside after clashing with party lawmakers loyal to President Park Geun-hye over a decision to reaccept a group of independent lawmakers who defected from the party after failing to clinch nominations for
PoliticsJune 27, 2016
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Korea hoping for boost from 3 'wild-card' players in Olympic football
Korean Olympic football team is hoping for big contributions from its three "wild-card" players when they enter the Rio de Janeiro Summer Games, as head coach Shin Tae-yong wants them to boost both the offense and the defense of the young squad.On Monday, Korea unveiled their 18-man football squad for the Rio Games, which included three players over the Olympic football age limit of 23. Teams can field up to three such players as wild cards. (Yonhap)Coach Shin previously said he would use all th
SoccerJune 27, 2016
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Park calls for watertight crisis management system over Brexit
President Park Geun-hye on Monday called on her government to maintain a "watertight" crisis management system to minimize the potential negative ramifications from Britain's decision to leave the European Union.In her first public statement following last week's referendum in Britain, Park also ordered the government to take "all necessary measures" to stabilize the local stock market that suffered a sharp drop after Britons voted to exit the EU on Thursday (local time). (Yonhap)"Along with the
June 27, 2016
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Taeyeon's solo album boasts strong preorders
Taeyeon of Korean girl group Girls' Generation enjoyed robust preorders of her second solo EP, the singer's management agency said Monday.As of Monday morning, the number of preordered copies of "Why" broke the 100,000 mark, S.M. Entertainment said in a press release. The EP will be released at midnight on online music streaming services. The music video of the album's title song, "Why," will be released at the same hour on the global video-sharing network YouTube. Taeyeon's new album also featu
PerformanceJune 27, 2016
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Denuclearization should come first before talks resume with Pyongyang: unification ministry
South Korea on Monday said denuclearization should come first before any talks resume with North Korea, emphasizing that it is currently facing a "critical" moment that can determine whether to prevent Pyongyang's continued pursuit of nuclear weapons.In a report to the National Assembly's foreign affairs and unification committee, the unification ministry said it will keep working on sanctions and pressure against the North to induce a change in its "strategic calculus.""In response to the North
DefenseJune 27, 2016
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S. Korea's vice defense minister visits Cambodia, Laos this week
South Korea's vice defense minister will visit Cambodia and Laos this week in the country's widening efforts to win over countries close to North Korea as Pyongyang shows little sign of letting up on its military provocations.A 12-member delegation led by Hwang In-moo will visit Cambodia from Monday to Wednesday, followed by a trip to Laos from Wednesday to Friday, to discuss bilateral defense cooperation, the Ministry of National Defense said in a statement.The delegation will also be made up o
Diplomatic CircuitJune 27, 2016
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Russia, China won't accept N. Korea's nuclear, missile strategy
The leaders of Russia and China have agreed that they will not accept North Korea's nuclear and missile strategy, but they reaffirmed their opposition to a possible deployment of an advanced U.S. missile defense system in South Korea, according to their joint statement Monday. The statement was issued after Russian President Vladimir Putin held a summit with Chinese President Xi Jinping last Saturday in Beijing. Last week, North Korea claimed it successfully test-launched an intermediate-range b
North KoreaJune 27, 2016
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Investors head toward short-term, safe assets amid Brexit crisis
Local investors are increasingly beginning to lean toward the U.S. dollar and other safer assets, such as short-term deposits, market data showed Monday, following Britain's unprecedented vote to quit the European Union that has apparently left long-term commitments riskier, as well as unattractive, amid record low interest rates.According to the Bank of Korea, outstanding bank deposits with a maturity of less than one year came to a record high of 199.48 trillion won ($168.12 billion) as of end
June 27, 2016
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Korea-US FTA triples auto imports from US
[THE INVESTOR] The number of automobiles imported from the US has more than tripled since the Korea-US free trade agreement took effect. According to local automotive industry data, the number of vehicles imported from the US went from 13,669 units in 2011 to 49,096 units in 2015, rising by a factor of 3.6. The Korea-US FTA took effect in 2012. In terms of value, automobile imports in 2011 came in at about US$363 million. The figure for last year came in at over US$1.24 billion. In comparison, K
MobilityJune 27, 2016
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Doosan Heavy bags W220b deal
[THE INVESTOR] Korea’s top power equipment maker Doosan Heavy Industries & Construction said on June 27 that it has bagged a 220 billion-won (US$185 million) deal to build a desalination plant in Iran.Under the deal with the Iran-based Sazeh Sazan, the firm will construct the facility by October 2018. The Korean company will also do operating and maintenance work for 12 years.Desalination plant.Doosan Heavy’s deal marks the first for a desalination plant in the Islamic republic after internation
IndustryJune 27, 2016