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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NewJeans has few options after Ador rejects group's request to reinstate Min Hee-jin as CEO
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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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An increasing number of K-pop idols are breaking free from big agencies. Why?
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KFA Chair denies unfair hiring of national coach
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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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Gov't to strive to reduce impact of corporate restructuring: finance minister
Korea's finance minister said Thursday that the government will make all-out efforts to minimize the possible fallout in the local economy from tough corporate restructuring in the shipbuilding sector."The government will map out plans to support smooth corporate restructuring and business reorganization, and to improve the competitiveness of key industries," Finance Minister Yoo Il-ho said while visiting a shipyard in Ulsan, an industrial city on the southeastern coast."We will mobilize all mea
June 23, 2016
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Defectors group to file complaint over court hearing on N.K. restaurant staff
An association of North Korean defectors said Thursday it will file a complaint against local lawyers over a recent court hearing on the legality of Seoul's protection of 12 North Korean waitresses who defected to the South in April.The association, comprised of some 20 North Korean defectors groups, plans to register a complaint with the Seoul Central District Prosecutors' Office, seeking a probe into the lawyers for violating the National Security Law.On Tuesday, a closed-door session opened a
North KoreaJune 23, 2016
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N.K. to face more isolation, sanctions if they engage in
South Korea's defense minister on Thursday warned that North Korea will face deeper isolation and self-destruction if it continues to engage in provocative acts, such as the latest launching of mid-range missiles.On Wednesday, North Korea fired off what is believed to be two Musudan intermediate-range missiles from its east coast, the fifth and sixth time that Pyongyang has launched the missiles since April."If North Korea continues to carry out provocations, it will face a complete isolation an
North KoreaJune 23, 2016
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Samsung SDS shareholders send open letter to Lee Jae-yong
[THE INVESTOR] Minor shareholders of Samsung SDS are raising the heat, accusing the firm of neglecting profits to ensure Lee family’s control over the group. In a letter addressed to Samsung Electronics vice chairman Lee Jae-yong, minor shareholders of Samsung SDS called on him to take steps for improving the share price. Samsung Electronics vice chairman Lee Jae-yong.“A decision to improve stock prices is needed. Restore the property rights of the minor shareholders that was lost (by the decisi
IndustryJune 23, 2016
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VW offers apology with no mention of Korea
[THE INVESTOR] Volkswagen held its first annual shareholders meeting in Hanover, Germany, on June 22 (local time), the first in nine months since it became embroiled in the emissions rigging scandal.While the senior management and directors apologized and explained its ongoing recall plans in Germany and the US, there were no mention of compensatory measures for victims from other countries, including Korea, where 125,522 units were affected. “On behalf of the Volkswagen Group and everyone who w
MobilityJune 23, 2016
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[Photo News] Galaxy Studio
A visitor observes Galaxy S7 and Gear Fit 2 at Samsung Galaxy Studio set up at the Cannes Lions International Festival of Creativity in France. The studio runs through June 25. (Samsung Electronics)
June 23, 2016
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Muslim patients' satisfaction with halal foods low: poll
Middle Eastern people who visit Korea for medical treatments are most dissatisfied with the quality of Islamic foods provided by local hospitals, a poll showed Thursday.According to the survey taken by the Korea Health Industry Development Institute, Muslim patients who visited South Korea last year gave local hospitals' halal food the lowest score, at 78.05 out of a full 100, due mainly to inconvenience when eating and a limited menu.The survey covered seven non-medical services, including hala
Social AffairsJune 23, 2016
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S. Korea, U.S. team up to research animal diseases in wildlife
The research arms of South Korea and the United States devoted to dealing with wildlife diseases, have joined together to cooperate in tackling avian influenza, rabies and other animal-transmitted diseases, a state-run think tank said Thursday.The National Institute of Environmental Research signed a letter of intent early this month with the National Wildlife Research Center, a research facility within the U.S. Department of Agriculture, to carry out joint research activities in the sector of i
TechnologyJune 23, 2016
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S. Korea's seaport cargo grows 1.4 % on-year in May
Cargo processed at Korean seaports rose from a year earlier in May, the government said Thursday, possibly reflecting improvements in the country's exports.Cargo handled at the country's seaports came to 124.46 million tons last month, marking a 1.4-percent on-year rise and a turnaround from a 1.2-percent decline in the previous month, according to the Ministry of Oceans and Fisheries. The increase was attributed to a rise in non-container cargo, which gained 1.6 percent on-year.Container cargo,
June 23, 2016
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N.K. missile launches show need for strong missile defense: Carter
U.S. Defense Secretary Ash Carter on Wednesday said North Korea's latest test of an intermediate-range ballistic missile underscores the need for the United States and its allies to build strong missile defenses."I don't know whether it was successful. I don't know what the test objectives were, as seen by the North Koreans," Carter said during a visit to the Army base in Fort Knox, Kentucky, according to a transcript provided by the Pentagon."But for whatever reason, and with whatever level of
North KoreaJune 23, 2016
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[ANALYST REPORT] Korea's slower growth has limited impact on sovereign credit profile: Moody's
Moody‘s Investors Service says that against a backdrop of weak external demand, Korea’s (Aa2 stable) export-dependent growth model has come under pressure. The consequently weakening operating environment underpins the negative outlook on the banking system. However, Moody‘s expects Korea’s fiscal, institutional and external metrics to remain strong when compared to rating peers, which supports the stable outlook on the sovereign rating.In a just-released report titled “Government of Korea: FAQ
June 23, 2016
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Hyundai’s i30 compact Australia’s best-selling car for 3 months in row
[THE INVESTOR] Hyundai Motor’s i30 compact maintained it spot as Australia’s best-selling vehicle for the third consecutive month in May, government data showed. The data compiled by Australia’s Federal Chamber of Automotive Industries showed that South Korea’s top automaker sold 3,771 units of its i30 compact in Australia in May, up 126 percent from a year earlier. i30Toyota Motor’s Hilux took the second place with sales of 3,675 un
MobilityJune 23, 2016
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Korea’s exports to China shrink for 11 consecutive months
[THE INVESTOR] Korea’s monthly exports to China shrank for the 11th consecutive month in May, matching the record set in 2008 and 2009, industry data showed on June 23. According to the Korea International Trade Association, Korea’s exports to China came in at US$9.93 billion in May, falling 9.1 percent from a year ago. Korea’s exports to China have shown year-on-year drop since July 2015. However, the rate of decrease has slowed in recent months, the data showed. From December to April, Korea’s
June 23, 2016
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Korea urges int'l community to raise voice against N.K. nukes
South Korea's foreign minister urged the international community Thursday to send a clear and strong message against North Korea's nuclear weapons development as the communist country boasted the successful launch of an intermediate-range ballistic missile earlier this week.Foreign Minister Yun Byung-se made the call in his first public comments since North Korea launched two Musudan missiles Wednesday, one of which flew 400 kilometers before landing in targeted waters in the East Sea.The North
North KoreaJune 23, 2016