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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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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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Korea posts 51st straight trade surplus in April
Korea posted its 51st straight monthly trade surplus in April as an economic slowdown dragged down imports faster than exports, customs data showed Monday.The country’s trade surplus stood at $8.82 billion last month, down slightly from a four-month high of $9.85 billion in March, according to the data from the Korea Customs Service. Busan Port in South Korea (Yonhap)The increase was largely attributed to a cut in imports that outpaced a drop in exports.Exports fell 11.2 percent on-year to $41 b
May 16, 2016
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Foreigners invest more in South Korean stocks in April
Foreign investors bought a net 2 trillion won ($1.7 billion) worth of South Korean stocks last month, the country’s financial regulator said Monday. Foreigners continued to stand as net buyers for Korean stocks for a second consecutive month in April. Their accumulated holdings of local stocks was valued at 432.8 trillion won, or 29 percent of the country‘s total market capitalization, the Financial Supervisory Service said in a statement. Traders at the New York Stock Exchange. (Yonhap)The FSS
May 16, 2016
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Gov't to maintain current policy on controversial song during pro-democracy uprising ceremony
The government will not require all attendees to join in the singing of a controversial protest song symbolizing a pro-democracy uprising in 1980, during this year's official ceremony marking the historic event, the war veterans' ministry said Monday.On Wednesday, South Korea is set to commemorate the May 18 democracy movement in which citizens of Gwangju, 371 kilometers south of Seoul, rose up against the then-military rule of former general-turned-President Chun Doo-hwan in 1980.The revolt was
Social AffairsMay 16, 2016
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Korea to carry out survey on foreign employment this week
The South Korean government will hold a nationwide survey on foreign employment later this week as part of its plan to establish a database of its foreign workforce, the state-run census agency said Monday.The survey on 11,500 selected foreign residents over 15 years old will start on Tuesday and run through May 30, according to Statistics Korea.It is aimed at helping the government map out comprehensive policies for the foreign workforce based on the collected data on their employment, unemploy
InternationalMay 16, 2016
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Changes appear inevitable to defense-cost sharing, FTA with U.S. under Trump presidency
Changes appear inevitable to South Korea's defense cost-sharing agreement and free trade pact with the U.S. under a Donald Trump presidency as the businessman-turned-presidential candidate is determined to review the deals from scratch and overhaul them, if necessary, to maximize American interests.Walid Phares, a top foreign policy adviser to the presumptive Republican presidential nominee, said in an interview with Yonhap News Agency and Yonhap News Television that Trump wants to "go back to g
Foreign AffairsMay 16, 2016
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Trump won't abandon Korea or let it defend itself: top adviser
A President Donald Trump will neither abandon South Korea nor let the Asian ally defend itself against threats from North Korea, a top foreign policy adviser to the presumptive Republican presidential nominee said.Walid Phares, an international relations scholar who serves as Trump's foreign policy brain, made the remark in an interview with Yonhap News Agency and Yonhap News Television, stressing that Trump's remarks, such as his call for Seoul to shoulder all costs for U.S. troop presence, sho
Foreign AffairsMay 16, 2016
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Injured Korean big leaguers enjoy solid rehab stints
Two injured South Korean major leaguers had solid rehab stints on Sunday in the United States as they eye a return to the big league lineup.Los Angeles Dodgers' left-hander Ryu Hyun-jin tossed two shutout innings in his first minor league rehab appearance. Ryu, who underwent a shoulder surgery last May and missed the entire 2015 season, pitched for the Dodgers' Single-A affiliate, the Rancho Cucamonga Quakes, where he allowed one hit and struck out two against the Inland Empire 66ers, the Single
BaseballMay 16, 2016
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Jeju global campus official eyes profit turnaround in 2018
International schools in Jeju Island's English campus town have fairly well served their original mission of providing an alternative to early study abroad, but more institutions and students from diverse backgrounds are needed to make it Asia's next education hub, its operating unit's chief said.The 1.78 trillion won ($1.51 billion) education project called "Jeju Global Education City" landed on a 3.79 million square-meter complex on the southern resort island. Jeju Free International City Deve
Social AffairsMay 16, 2016
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Pirates' Kang Jung-ho hits 4th homer of season
Kang Jung-ho of the Pittsburgh Pirates belted his fourth home run of the season in a road win over the Chicago Cubs on Sunday (local time).Batting sixth and playing third base, Kang launched a solo shot off Hector Rondon to left center with one out in the top of the ninth at Wrigley Field. The blast put the Bucs up 2-0, and they held on to win 2-1.The Cubs cut the deficit in half with a run in the bottom of the ninth against closer Mark Melancon but stranded a man at second to fall by a run.Kang
BaseballMay 16, 2016
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U.S. lawmakers introduce bill calling for North Korea's designation as terror sponsor
U.S. House lawmakers have introduced a bill requiring the government to re-examine whether North Korea should be put back on the list of state sponsors of terrorism, saying they believe the communist nation merits redesignation.The bill (H.R.5208), submitted last week with Rep. Brad Sherman (D-CA) joining as a co-sponsor, listed about 20 cases involving North Korea, including its 1987 bombing of a South Korean jetliner and the 2014 cyberattack on Sony Pictures.It requires the president to review
North KoreaMay 16, 2016
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North Korea releases Russian yacht and its crew
North Korea has freed a Russian yacht and its five crewmembers after North Korean fishermen mistakenly detained the vessel, a news report said Sunday.The Elfin yacht with five crewmembers onboard was detained in waters some 130 kilometers away from the North Korean port of Kosong on Friday, Russia's Tass news agency said.The yacht, belonging to the Primorye Sailing Association, was on the way from the South Korean port of Busan to Vladivostok after an international regatta, according to the news
North KoreaMay 16, 2016
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Park Tae-hwan has no legal grounds to take Olympic ban appeal to sports tribunal: official
South Korean swimmer Park Tae-hwan has no legal grounds to take his Olympic ban appeal to the world's top sports tribunal, a national sports official said Sunday.Park on April 26 filed an appeal for arbitration at the Court of Arbitration for Sport against a Korean Olympic Committee rule barring him from competing at the 2016 Rio de Janeiro Summer Olympics based on his doping history. Two days later, he asked that the procedure be put on hold so that he could speak to the KOC one last time befor
More SportsMay 16, 2016
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Korean Wang Jeung-hun wins 2nd straight European Tour event
South Korean golfer Wang Jeung-hun captured his second straight European Tour win Sunday in Mauritius, powered by a dramatic late rally.Wang shot an even-par 72 in the final round of the AfrAsia Bank Mauritius Open at Four Seasons Golf Club at Anahita, for the four-round total of six-under 282. He edged out Siddikur Rahman of Bangladesh by one stroke.This was Wang's second career European Tour win and also his second in as many starts. He won the Trophee Hassan II in Morocco last week.The 20-yea
GolfMay 16, 2016
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North Korea urges U.N. to take steps to repatriate its people from South Korea
North Korea urged U.N. agencies Sunday to take steps to ensure that a group of North Korean defectors in South Korea will be returned to the North in the latest push by the reclusive country.Thirteen North Koreans -- 12 female waitresses and one male manager -- defected from a North Korea-run restaurant in China to South Korea in early April.North Korea has since claimed they were abducted by South Korea, demanding they be returned immediately.South Korea has dismissed North Korea's accusation,
North KoreaMay 16, 2016
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Seoul shares open lower on Wall Street losses
Korean shares opened lower Monday to track overnight losses in New York.The benchmark Korea Composite Stock Price Index lost 2.49 points or 0.13 percent to 1,964.50 in the first 15 minutes of trading. South Korean share prices are displayed at the Korea Exchange. (Yonhap)Investor sentiment was down following losses on Wall Street, analysts said. The Dow Jones industrial average fell 1.05 percent to close at 17,535.32 on Friday.In Seoul, large caps such as auto parts maker Hyundai Mobis and top c
May 16, 2016
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Shipbuilders to suffer extended slump, cut output capacity
South Korean shipbuilders' worst-ever slump may stretch into next year, as demand for new ships is expected to remain low amid still slackened oil prices and slumping global trade, prodding local shipyards to cut their output capacity, industry sources said Monday.According to a report compiled by the Export-Import Bank of Korea (Korea Eximbank), a total of 2.32 million compensated gross tons worth of new shipbuilding orders were placed around the globe during the first quarter of the year, down
IndustryMay 16, 2016
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Filipinos vote in national election
As part of this year’s national election to choose the Philippine’s new batch of leaders, one-quarter of all registered Filipino voters in Korea cast their ballots on May 9 at the embassy chancery in Seoul. A total of 3,473 Filipino residents exercised their suffrage rights in the highest turnout in 12 years. It marked the end of the 31-day voting period for overseas polls, with 3,131 voting personally, and 292 travelling to Busan and Daegu in late April to vote. “Overseas Filipinos living in Ko
Foreign AffairsMay 15, 2016
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Latvia to join OECD
On May 11, the Council of the Organization for Economic Cooperation and Development unanimously reached a decision to invite Latvia as its 35th member, confirming the Baltic nation has met all conditions for membership. Latvia will sign its accession agreement during the OECD’s annual ministerial council meeting in Paris on June 2, after which it will become a full-fledged member. “We have covered a distance comparable to a marathon and earned our right to belong to ‘the club of best practices,’
Foreign AffairsMay 15, 2016
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‘Poland-Korea relations to drift skyward’
The Polish Embassy celebrated its National Day last week at a reception that highlighted enhancing ties with Korea. In Poland, May 3 commemorates the creation of the world’s second constitution in 1791, after the U.S. constitution written in 1787.“The constitution was a remarkable historical achievement and a modern democratic triumph,” Polish Ambassador Krzysztof Ignacy Majka said at Millennium Seoul Hilton on Wednesday. “Although Poland was occupied and removed from the European map for 123 ye
Foreign AffairsMay 15, 2016
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Transitional justice vital to integration of Korean Peninsula
If North and South Korea unifies, integration will be paramount, say experts, highlighting Germany’s ongoing efforts to bridge identities formerly divided by the Cold War. In North Korea, where the Kim dynasty has ruled with a bloodstained, ironfisted grip for over 70 years, many people have suffered pain and trauma over the years, according to observers. Thus, they note, redressing such physical and psychological baggage will prove more arduous than institutional and financial harmonization. P
Foreign AffairsMay 15, 2016