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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College is expensive? In S. Korea, English preschools cost much more
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Obama extends executive orders imposing sanctions on N. Korea
U.S. President Barack Obama on Tuesday extended executive orders imposing sanctions on North Korea, saying the communist nation poses an "unusual and extraordinary threat" to the U.S.Obama notified Congress of the continuation of North Korea's designation as a "national emergency," which serves as the basis for a series of executive orders calling for sanctions on Pyongyang for provocations, such as its fourth nuclear test in January.By law, such national emergencies should be extended every yea
North KoreaJune 22, 2016
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U.S. urges N. Korea to refrain from missile test
The United States urged North Korea on Tuesday to refrain from another missile test after South Korea warned that the communist nation appears to be preparing to test its Musudan intermediate-range ballistic missile after four successive failures."We, of course, would have concerns if the North Koreans were to conduct another missile test. It would be another violation of U.N. resolutions. It would be another provocative action," Pentagon press secretary Peter Cook said at a regular press briefi
North KoreaJune 22, 2016
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Samsung to invest $1.2 billion in U.S. IoT business
Samsung Electronics Co., South Korea's No. 1 tech firm, announced Tuesday that it will pour $1.2 billion by 2020 into the Internet of Things business in the United States, as part of its global initiative to create a new IoT ecosystem, a hot issue in the ICT world.Samsung also launched an advisory group in partnership with Intel Corp. to affect U.S. policy on IoT."I am excited to show how we are moving IoT to the center of our strategy and am delighted to announce that Samsung is planning to spe
CompaniesJune 22, 2016
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Biden says Japan can go nuclear 'virtually overnight'
Japan is capable of going nuclear "virtually overnight," U.S. Vice President Joe Biden said, as he spoke about a conversation he had with Chinese President Xi Jinping in which he urged Beijing to do more to rein in North Korea.In an interview with PBS aired Monday night, Biden said that China has "the single greatest ability to influence North Korea by cutting off A, B, C, D, a whole range of things, but it also could cause the implosion of North Korea.""When I tell President Xi, you have to und
InternationalJune 22, 2016
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Samsung vows to invest $1.2b in US for IoT tech
[THE INVESTOR] Desperate to find new future growth engines, Samsung Electronics is betting big on the Internet of Things, a network technology which connects objects with humans.The electronics giant has announced a package of plans to grow the business for the connected technology at the Internet of Things Policy Dialogue, an industry conference held at the head office of the US daily Washington Post in Washington on June 21.Kwon Oh-hyun, Samsung Electronics’ vice chairman delivers a speech und
TechnologyJune 22, 2016
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Korea Exchange seeks cross-listing with Hong Kong Exchanges
[THE INVESTOR] The Korea Exchange has signed a letter of intent with Hong Kong bourse operator, the Hong Kong Exchanges and Clearing, to cross-list their stocks. Under the deal, futures on the Mini KOSPI 200 will be available in Hong Kong while futures on the H-shares index will become listed on the local bourse. If successful, the Korea Exchange will become the first foreign country to list futures on the H-share index. H-Shares, indicating shares of companies incorporated in mainland China tha
June 21, 2016
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[Graphic News] Record 65 million people displaced worldwide: U.N.
The number of refugees and others fleeing their homes worldwide has hit a new record, spiking to 65.3 million people by the end of 2015, the United Nations said Monday. Europe’s high-profile migrant crisis -- its worst since World War II -- is just one part of a growing tide of human misery led by Palestinians, Syrians and Afghans.Globally, close to 1 percent of humanity has been forced to flee.The figures, released on World Refugee Day, underscore the unprecedented global displacement crisis.
World NewsJune 21, 2016
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Samsung Galaxy Note 7 likely to have curved screen: report
[THE INVESTOR] Samsung Electronics’ new Note phablet, tentatively called “Galaxy Note 7,” is expected to have a curved screen, indicating the Korean tech giant’s commitment to a dual-edge curved display for its Galaxy smartphones. According to local daily Munwha Ilbo, Samsung is not considering launching a flat screen version of the Note phone. The Galaxy Note 7 will be unveiled at an unpacked event held in New York in August. It will become the first Note phone with a curved screen. Citing i
TechnologyJune 21, 2016
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POSCO eyes quake-proof steel
[THE INVESTOR] Korea’s top steelmaker POSCO plans to expand production of its quake-proof steel products in light of growing awareness that the peninsula is no longer safe from major seismic jolts following the Japan earthquake and tsunami of 2011. POSCO has set its goal to expand production and sale of quake-proof steel products by 30 percent year-on-year, local news reported on June 21.Dongdaemun Design Plaza in Seoul built with POSCO’s TMCP steel Under the plan, the steelmaker plans to expand
IndustryJune 21, 2016
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Hanwha Techwin creates synergy effect with other defense units: brokerage firm
[THE INVESTOR] Hanwha Techwin has started to create synergy with other defense affiliates of Hanwha Group, a year after the firm was merged into Korea’s 10th largest family-controlled conglomerate, a local brokerage firm said. “Defense business was the matrix of Hanwha Group,” said Kim Ji-san, analyst at Kiwoon Securities while maintaining the price target of 56,000 won and a rating of “overweight.” He said Hanwha Techwin will enjoy more positive effects following its merger into the group which
TechnologyJune 21, 2016
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Samsung SDS rules out stake buyback, interim dividend
[THE INVESTOR] Samsung SDS, the software services unit of Samsung Group, said on June 21 it has decided against buying back its own shares or paying an interim dividend after considering requests from some minority shareholders. “We have discussed the issues together with outside experts. We have agreed that it would be better to use our cash reserve to improve our corporate value through measures such as M&As rather than stake buyback or interim dividend,” the company said in a statement. The c
TechnologyJune 21, 2016
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Actress Kim Min-hee, director Hong Sang-soo having affair
Actress Kim Min-hee of “The Handmaiden” and Cannes award-winning film director Hong Sang-soo, who is married with one daughter, are having an affair, local media reported Tuesday.According to reports, the two apparently met last year while filming “Right Now, Wrong Then,” which was directed by Hong and starred Kim as the female lead, and they have since been involved in an affair. The film opened in theaters last September.Since then, Hong and Kim have worked together on two yet to be released w
FilmJune 21, 2016