Most Popular
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Korea to face another massive shortfall in tax revenue
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Global drama stars gather for 2024 Seoul International Drama Awards
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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[Photo news] Faker Mercedes
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'Shaman says president will die,' caller warns
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Online resource for books launches aggregator for reviews
NEW YORK (AP) -- An online resource for literary content is hoping to create the publishing equivalent of Rotten Tomatoes.Literary Hub (lithub.com) announced Tuesday the launch of Book Marks, compiling reviews from more than 70 outlets ranging from the New York Times to the Las Vegas Weekly. Reviews will include links to the original publications, and individual books will be assigned composite letter grades by Lit Hub editors. Any work that has been reviewed three or more times will be listed i
BooksJune 8, 2016
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‘Ink and Bone’ takes a frightening turn to the supernatural
“Ink and Bone” By Lisa Unger Touchstone (352 pages, $24.99) The Hollows, an idyllic sounding town in upstate New York, keeps calling to author Lisa Unger. This fictional town that attracts those seeing a respite from New York City or want a smaller community to call home also has a dark side that rears its head and takes residents on emotional roller-coasters that test their mettle and moral compass. Each of Unger’s novels set in The Hollows follows a different set of characters with the town a
BooksJune 8, 2016
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Exploration of what it means to be human
“Becoming Wise” By Krista Tippett The Penguin Press (288 pages, $28) Most of us can only dream of the dinner parties Krista Tippett could put together. We’re lucky, then, that her new book is the next best thing to an invitation to sit down, make ourselves at home and prepare for a mind-expanding exploration of what it means to be human. With “Becoming Wise: An Inquiry Into the Mystery and Art of Living,” Tippett expands on interviews that became fascinating fodder for her award-winning NPR pro
BooksJune 8, 2016
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Actress tells her life in love letters to men in her life
“Dear Mr. You” By Mary-Louise Parker Scribner (228 pages, $25) In the imaginative and evocative “Dear Mr. You,” sexy “Weeds” actress Mary-Louise Parker hints at her compelling life story through a series of love letters to key men in her life. Each letter is a chapter, addressed to figures she mostly names only as Yacqui Indian Boy, Blue, Big Feet, Little Owl and the like. (You may find yourself googling her to try to suss out details.) As she explains in the titular first chapter, she’s writin
BooksJune 8, 2016
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Prosecutors raid DSME offices over accounting fraud
Prosecutors raided debt-ridden Daewoo Shipbuilding & Marine Engineering’s head offices on Wednesday in a search for evidence related to accounting fraud to conceal massive losses partly caused by poor management. Some 150 investigators had marched into the country’s leading shipbuilders’ headquarters in central Seoul and its Okpo Shipyard on Geoje Island off the southern coast, according to the Supreme Prosecutors’ Office. The raids come as DSME’s audit committee had voluntarily submitted petiti
June 8, 2016
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Continental may participate in bidding for Kumho Tire
German automotive firm Continental AG’s interest in acquiring local tire company Kumho Tire has increased the pressure on Kumho Asiana Group chairman, as he has to solely prepare around 1 trillion won ($8.6 billion) to reacquire the firm. Local news reports said Tuesday Continental is in talks with financial investors to participate in the bidding for the Korean tire company, citing sources from the creditors of Kumho Tire. Other global firms, including French tire firm Michelin and Chinese stat
BusinessJune 8, 2016
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KT recognized for corporate governance
Network operator KT has been picked as the company most committed to improving corporate governance in Korea, according to a poll conducted by FinanceAsia, a financial magazine based in Hong Kong.The Korean network firm scored 19 points in the “Most Committed to Corporate Governance” category of the poll, followed by KT&G with 17 points and KEPCO with 14 scores. Head office of network operator KT (Yonhap)The Hong Kong-based magazine carries out the poll annually with more than 100 fund managers
TechnologyJune 8, 2016
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SK C&C, CISCO to develop next-generation network management platform
Information technology solutions firm SK C&C and network equipment firm CISCO will be working together to develop a software platform that can manage network and security systems.Yang Yu-seok, the head of SK C&C’s information and communications technology infrastructure business, and Park Jae-beom, the vice president of CISCO, signed a partnership deal for the collaboration at C&C’s office in Pangyo on Wednesday.Yang Yu-seok (left) of SK C&C and Park Jae-beom of CISCO pose after signing a partne
TechnologyJune 8, 2016
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May household loans gain at fastest pace this year
Despite tougher mortgage loans, lending by South Korean banks to households in May rose at the fastest clip this year on increased collective loans, central bank data showed Wednesday.Outstanding household loans extended by local lenders came to 660.9 trillion won ($573 billion) as of end-May, up 6.7 trillion won from a month earlier, according to the data from the Bank of Korea.It marked the sharpest on-month increase this year as well as an acceleration from the 5.3-trillion-won gain in the pr
June 8, 2016
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World Bank slashes global growth forecast to 2.4%
WASHINGTON (AFP) -- A worried World Bank slashed its growth forecast for the global economy Tuesday, saying advanced economies are rebounding more slowly than expected and low commodity prices continue to hurt other countries.The Bank said that the global economy should grow at just 2.4 percent this year, the same lethargic pace of 2015 and much slower than the 2.9 percent it predicted in January.It said that the slow growth in advanced economies is holding back developed countries, with world t
World BusinessJune 8, 2016
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Woman assaults senior citizen for ‘looking at’ her
A woman in her 30s was arrested for punching a senior citizen in his 70s, police in Suwon, Gyeonggi Province said Wednesday.Police said the woman, surnamed Kim, hit and kicked the man for “staring at her in a way that made her feel uncomfortable.” (YTN capture)She is also accused of assaulting four other citizens who attempted to pull them apart. The police investigation revealed that Kim had been booked a month earlier for similar allegations of hitting a woman on the streets for “scowling.” Ki
Social AffairsJune 8, 2016
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Korea lifts hurdles to open won-yuan direct trade market
The South Korean government said Wednesday that it has lifted the legal hurdles to opening the won-yuan direct trade market in China later this year.A revised local currency law allows all South Korean nationals and businesses to engage in any financial transactions in China using the local currency, including won-yuan spot trading and the settlement of accounts, according to the Ministry of Strategy and Finance.So far, the South Korean currency had been permitted to be used only in trade paymen
June 8, 2016
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Nat'l skating chief nominated as VP of PyeongChang 2018
The head of the national skating federation was tapped as the vice president for the 2018 PyeongChang Winter Olympics on Wednesday.Kim Jae-youl, currently president of the Korea Skating Union (KSU), was nominated as vice president for international affairs of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) during its executive board meeting. (Yonhap)His nomination must be approved at the POCOG's general congress at a later date, though it's consider
Olympic GamesJune 8, 2016
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Seoul police say N. Korea behind series of cyberattacks
South Korean police said Wednesday that North Korea was behind three separate cyberattacks carried out earlier this year, claiming the reclusive country sent a large number of malware-tainted emails by disguising the senders.Between January and February, North Korea sent a large number of emails to South Koreans, including local journalists, defectors and North Korea experts, said the National Police Agency, wrapping up their months-long investigation.In late January, a link to a video clip, edi
North KoreaJune 8, 2016
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Authorities investigate UPS cargo plane’s Incheon Airport accident
Transport authorities are currently investigating an accident on Monday involving an American cargo plane at Incheon International Airport.According to Incheon International Airport Corp. and the Transport Ministry, a UPS cargo plane failed to takeoff from the airport on Monday night after skidding off the runway, losing its front wheels. The cargo plane flying UPS flight 5X061, on the takeoff runway at Incheon International Airport (Incheon International Airport)Four crew members, including the
IndustryJune 8, 2016
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Korea’s cosmetics production surpasses record W10tr
South Korea’s net cosmetics production reached a record 10.73 trillion won ($9.3 billion) last year, led by strong exports to China, the Ministry of Food and Drug Safety said Wednesday.Korea’s cosmetics production rose on-year by 19.64 percent in 2015, lending a hand in doubling the country’s cosmetics trade surplus on-year to roughly $1.5 billion last year, the ministry said.Cosmetics shops inside the main Shinsegae Department Store in central Seoul (Yonhap)Korea’s cosmetics exports rose 43.76
IndustryJune 8, 2016
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[Photo News] KDDF partners with MSD for new drug development
Korea Drug Development Fund CEO Joo Sang-aun (left) and Mathai Mammen, senior vice president of cardiovascular diseases, metabolic diseases, immunology and oncology at U.S.-based pharmaceutical company Merck Sharp & Dohme signed a memorandum of understanding Tuesday at the 2016 BIO International Convention taking place in San Francisco. The two have agreed to launch a new joint research and development program geared at linking Korea’s new drug development capabilities with global pharmaceutical
IndustryJune 8, 2016
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Angels of Sorok Island awarded Korean citizenship
Two nuns from Austria were awarded certificates of honorary South Korean citizenship Wednesday in recognition of their contributions to the country through more than 40 years of caring for leprosy patients, government officials said.The Justice Ministry conferred citizenship on sisters Marianne Stoeger, 82, and Margareta Pissar, 81, who have treated leprosy patients on South Korea's most famous leper colony of Sorok Island off the country's southern coast. Stoeger attended a ceremony at the mini
Social AffairsJune 8, 2016
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Seoul to form W11 tln recapitalization fund to turn around ailing core industries
South Korea's government and central bank announced Wednesday that they will jointly create an 11 trillion won ($9.5 billion) recapitalization fund to help state-run banks rehabilitate the nation's debt-stricken shipping and shipbuilding companies, capping months of intensive debate on restructuring the ailing core industries.The recapitalization fund includes 1 trillion won directly injected by the government into the Export-Import Bank of Korea (Korea Eximbank) and a loan of 10 trillion won ex
June 8, 2016
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Hyundai, Kia see May sales in China up 16.6%
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Wednesday that their combined sales in China grew double digits in May for the first time this year.The two South Korean carmakers sold a combined 150,450 units last month in China, up 16.6 percent from a year earlier, according to the data provided by the companies.The strong sales brushed off concerns of a sales slump by the two carmakers in the world's largest market earlier this year.The data showed that Hyundai Motor sold 100
MobilityJune 8, 2016