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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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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[Photo news] Faker Mercedes
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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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'Shaman says president will die,' caller warns
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BOK chief says employment, structural reform keys to growth
South Korea's top central banker on Monday called for stepped-up efforts to create quality jobs and spearhead structural reform, calling them keys to balanced and sustainable growth.In his opening remarks marking the start of an annual international conference, Bank of Korea Gov. Lee Ju-yeol said the role of employment has shifted from supporting economic growth to one that ensures growth."I believe that the 2008 global financial crisis gave us an opportunity to rethink the importance of employm
May 30, 2016
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Manufacturing confidence soars to 1-year high in June
South Korean manufacturers' business sentiment climbed to a 12-month high for June with more companies anticipating improved conditions for their financing and employment in the upcoming month, a poll showed Monday.The business survey index of manufacturing companies came to 74 for next month, up from 73 for May, according to the survey by the Bank of Korea.The June reading marks the highest level since June 2015. A reading below 100 means pessimists outnumber optimists, while a reading above th
May 30, 2016
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Trump raps Obama for visiting Hiroshima visit without noting Japan's aggression
U.S. Republican presidential candidate Donald Trump has faulted President Barack Obama over his recent visit to the atomic-bombed Japanese city of Hiroshima, saying he didn't even mention Japan's bombing of Pearl Harbor."Does President Obama ever discuss the sneak attack on Pearl Harbor while he's in Japan? Thousands of American lives lost," Trump said of Obama's visit to the Hiroshima Peace Memorial in a Twitter message Saturday ahead of Monday's Memorial Day.Obama visited Hiroshima on Friday,
InternationalMay 30, 2016
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Trump renews calls for allies to pay up for U.S. protection
U.S. Republican presidential candidate Donald Trump on Sunday renewed his calls for allies to pay more for American defense support."We protect Japan. We protect Saudi Arabia," Trump said at the annual bikers' rally in Washington, repeating his long-running point that the U.S. has been providing protection for wealthy nations like South Korea and Japan in exchange for little and should end such protection unless those countries agree to pay more."It's going to be a whole new ballgame," Trump sai
InternationalMay 30, 2016
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Son Yeon-jae wraps up Sofia World Cup with four more medals
South Korean rhythmic gymnast Son Yeon-jae captured four medals at an International Federation of Gymnastics competition in Bulgaria on Sunday (local time), including a gold in clubs. At the season's sixth FIG World Cup in Sofia, Bulgaria, Son scored 18.550 points in clubs to finish atop the podium. Ganna Rizatdinova of Ukraine won the silver at 18.450 and Arina Averina of Russia took the bronze at 18.300. Yana Kudryavtseva, a three-time world all-around champion, was fourth at 18.250 after she
More SportsMay 30, 2016
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Georgia celebrates silver jubilee since independence
The Georgian Embassy on Friday commemorated its May 26 National Day, which marks the adoption of the Act of Independence in 1918. The sovereign law created a democratic republic and freed Georgia from imperial Russia. After being incorporated into the Soviet Union in the early 1920s, Georgia once again regained its freedom on April 9, 1991. This year marks the 25th anniversary of its restored independence. “Present-day Georgia is a dynamically developing democratic state, with continuous legisla
Foreign AffairsMay 30, 2016
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‘Czech economy is ripe for Korean investment’
The Czech Republic is primarily known as a tourist destination here with more than 220,000 Koreans visiting each year. However, we are also an ideal investment destination for Korean companies. Most firms are not aware of our potential as an economy right next to powerhouse Germany. Today our economy is strongly intertwined with Germany, where we account for 4 percent of its total imports. The Czech Republic is one of Europe’s industrial powerhouses. Manufacturing comprises 38 percent of our gro
Foreign AffairsMay 30, 2016
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Azerbaijan celebrates independence, ties with Korea
The Azeri Embassy marked its country’s 98th anniversary last week at a reception in Seoul. The Azerbaijan Democratic Republic was created on May 28, 1918 and this occasion is known as Republic Day. The independent new state gave people the freedom they had aspired for almost two centuries, according to Azeri Ambassador Ramzi Teymurov. It was previously ruled by Iranian and Russian empires. “The Azerbaijan Democratic Republic gave impetus to the spread of secular and democratic governance in the
Foreign AffairsMay 30, 2016
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U.K. celebrates Queen’s 90th birthday
The British Embassy celebrated the 90th birthday of Queen Elizabeth II at a reception last week that attracted some 800 influential guests. In a speech at the embassy in Seoul on Thursday, British Ambassador Charles Hay said he had met the Queen last autumn shortly before taking up his ambassadorship. “There is a strict protocol that these conversations are private,” he noted, “but I am sure she would not mind me revealing that she recalled with great pleasure the birthday she celebrated in Ando
Foreign AffairsMay 30, 2016
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Park holds talks with Museveni on trade and N. Korea
Park holds talks with Museveni on trade and N. KoreaPresident Park Geun-hye met with her Ugandan counterpart Yoweri Museveni on Sunday as South Korea is reaching out to Africa to boost business opportunities with the continent that has huge growth potential. The summit -- the third such meeting between the two leaders -- came as Museveni has cited South Korea as a model for his country’s economic development. South Korea has become a donor country from a key recipient of U.N. aid in half a c
InternationalMay 29, 2016
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S. Korean police to wear new uniforms starting in June
South Korean police will start wearing new uniforms starting in June, the government said Sunday. The new uniforms are to be worn by all officers starting on Wednesday and will come in two different versions, one for ordinary police and another for those tasked with traffic control, the National Police Agency (NPA) said. The shirt of the ordinary police officer uniform will be bluish green in color with navy blue trousers. Traffic police uniform shirts will be ivory white, to make them more
Social AffairsMay 29, 2016
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Book on colonial labor victims released
A book on a legal battle between the Japanese firm Mitsubishi Heavy Industries Ltd. and 300 South Koreans who were forced into labor decades ago has hit the shelves, a civic group supporting the victims said Sunday. The book explains detailed court records of a decade-long battle starting in 1999 when eight S. Korean victims first filed a lawsuit with a Japanese court against Mitsubishi Heavy, demanding compensation for their forced labor during the country's 1910-45 colonial rule. The legal
CultureMay 29, 2016
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S. Korea, Uganda ink MOUs on health cooperation
South Korea has signed a series of memorandums of understanding (MOUs) with Uganda to strengthen cooperation in the health sector, health ministry officials here said Sunday. The agreement was made in Kampala as South Korean President Park Geun-hye and Ugandan President Yoweri Museveni watched their representatives sign three MOUs in the health care sector and one MOU in the social welfare sector, the Ministry of Health and Welfare said. The MOUs call for, among other things, advancing a br
InternationalMay 29, 2016
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Museveni: Uganda to suspend security, military cooperation with N. Korea
Ugandan President Yoweri Museveni vowed Sunday to cut off his country’s security and military cooperation with North Korea, in the latest increase in international diplomatic pressure exerted on Pyongyang over its nuclear program, a South Korean official said. North Korea is under the toughest U.N. sanctions ever over its fourth nuclear test and its long-range rocket launch earlier this year. “I have instructed officials to faithfully enforce the U.N. Security Council resolution, including s
North KoreaMay 29, 2016
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Accounting firms in hot seat over ethics, incompetence
Korea’s major accounting firms are in the hot seat over their tainted code of ethics and auditing incompetency.Public distrust toward local accounting firms increased when the news broke Friday that the head of the nation’s top accounting firm is to face prosecutors’ investigation on charges he leaked insider information to help ex-chief of Hanjin Shipping Choi Eun-yeong engage in illegal stock trading.Ahn Kyung-tae, chairman and CEO of Samil PricewaterhouseCoopers, will be probed for allegedly
May 29, 2016
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[Graphic News] Banks lose share of household loans
Banks share of Korea’s household loan market has fallen to the lowest-ever level as stricter screening regulations have prompted more people to turn to nonbanking lenders, Bank of Korea data showed Saturday. The central bank said that private sector debt, excluding credit card spending, tallied at 569.3 trillion won ($482.5 billion) at end-March, and loans by local banks accounted for 49.1 percent of the total. It is the lowest since the fourth quarter of 2002, when the central bank first releas
May 29, 2016
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PyeongChang Olympics organizers set up cybersecurity panel
The organizing committee of the upcoming PyeongChang Winter Olympics said Sunday that its has launched a cybersecurity panel to guard against possible hacking attacks. The committee said it appointed civilian experts in the cybersecurity field late last week as well as officials from the science and ICT, culture and interior ministries as well as the police so it can guard against and respond effectively to Internet-based threats. PyeongChang, located 182 kilometers east of Seoul in the m
Olympic GamesMay 29, 2016
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Impact of int'l sanctions on N. Koreans remain minimal: RFA
North Koreans seem to feel minimal impact from the recent economic sanctions, Radio Free Asia (RFA) reported Sunday, citing price data surveyed by Japan's Asia Press. According to the data, the price of 1 kg of rice is 5,000 North Korean won in North Hamkyung province, which is only a slight increase and indicates no major difference from the past. Rice prices in other parts of the country remain relatively stable as well. In some parts, corn prices even dropped. While many factors come i
North KoreaMay 29, 2016
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S. Korean Navy's Aegis destroyers to get upgraded missile launch systems
South Korean Navy's Aegis destroyers will get an upgraded missile launch system that will allow them to intercept North Korean ballistic missiles, a government source said Sunday.The Navy is moving to install new vertical missile launch systems on its three King Sejong the Great class ships that will allow them to launch the longer range SM-3 and SM-6 ship-to-air missiles, said the military source who declined to be identified. At present, the ships are only able to fire off the SM-2 missiles
DefenseMay 29, 2016
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[Editorial] Ban’s presidential bid
U.N. Secretary-General Ban Ki-moon is to return to New York today, wrapping up his six-day visit to his native country and Japan. During his stay in Korea, he rocked political circles by strongly suggesting that he could run in the 2017 presidential election after completing his second term as U.N. chief.“Next January, I will be a Korean citizen again. I will contemplate what I should do as a citizen, bearing in mind that people have high expectations for me,” Ban said in a press conference. Lam
EditorialMay 29, 2016