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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Cheong Wa Dae names new chief of staff
President Park Geun-hye on Sunday appointed Lee Won-jong, chairman of the presidential committee on balanced national development, as new chief of staff to replace Lee Byung-kee, Cheong Wa Dae said in an announcement. Newly appointed presidential chief of staff Lee Won-jong speaks to the press at Cheong Wa Dae on Sunday. YonhapShe also relocated An Chong-bum from senior secretary for economic affairs to senior secretary for policy coordination, and named Rep. Kang Seog-hoon of the ruling Saenuri
PoliticsMay 15, 2016
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[Graphic News] Unification to be costly yet beneficial for S. Korea’s demographic
The cost that South Korea will have to bear upon inter-Korea unification is likely to stand at $1 trillion, by conservative estimation, according to U.K. weekly The Economist.But the nation will also benefit from the influx of population that is younger and almost twice as more productive, a demographic boon for South Korea’s shrinking working-age population, it said.If unified, the South expects to embrace the North’s abundant rare earth reserves, which are used in electronic production, accord
PoliticsMay 15, 2016
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[Newsmaker] Maduro cracks down with emergency decree
Venezuelan President Nicolas Maduro announced a sweeping crackdown Saturday under a new emergency decree, ordering the seizure of paralyzed factories, the arrest of their owners and military exercises to counter alleged foreign threats.The embattled leftist is struggling to contain a raging economic crisis that has led to food shortages, soaring prices, riots, looting and vigilante justice, pushing Venezuela to the brink of collapse.He accused the United States on Friday of destabilizing the cou
World BusinessMay 15, 2016
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Prospect of pending bills hangs in the balance
With less than two weeks remaining until the closure of the current National Assembly, rival parties are making their eleventh-hour struggles to have contentious bills passed before a final plenary session slated for Thursday.But the prospects of significant progress remain slim despite the lawmakers’ recent reiterations for bilateral cooperation over the bills. Nearly 10,000 pending bills are likely to be scrapped unless they manage to receive final parliamentary approval by May 29.At the heart
PoliticsMay 15, 2016
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Hyundai Merchant invites ship owners to Korea for chartering fee talks
Ailing Hyundai Merchant Marine is expected to meet with some foreign ship owners here next week to wrap up negotiations on leasing fee cuts in a bid to stay afloat, the company said Sunday. Lowering chartering rates is a crucial part of the country’s No. 2 shipping line’s pledges when it signed a “conditional” debt settlement agreement with its creditors in March. “Hyundai Merchant Marine plans to invite major ship owners next week to enter the final stage of the negotiation over the chartering
May 15, 2016
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Physicians, dentists in feud over Botox practices in South Korea
South Korean medical doctors, including cosmetic surgeons, are once again in a public feud with the nation’s dentists over an ongoing trial involving a dental surgeon who has been accused of committing illegal practices by performing Botox for purely cosmetic purposes.The accused was charged after performing Botox treatments for two of his patients at his dental clinic back in 2011. The patients wanted the procedure for wrinkles in their foreheads, not for dental conditions, according to the pre
Social AffairsMay 15, 2016
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[Editorial] Off to a good start
The Friday meeting between President Park Geun-hye and the new floor leaders and chief policymakers of the three major political parties was a welcome first step toward collaboration in dealing with state affairs. At the meeting, Park offered to meet with heads of the three parties every quarter, an overture that showed her attitude toward the opposition camp has changed following the ruling Saenuri Party’s humiliating defeat in the April 13 general election. The president also demonstrated her
EditorialMay 15, 2016
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[Editorial] Unscrupulous deals
Prosecutors have launched an investigation into allegations that thousands of government officials working in Sejong City have illegally resold their ownership rights in apartments in the city to earn undue gains. Investigators have raided six large real estate agencies in the city and seized their transaction files and records. The probe was prompted by a request from the city government, which has confirmed the involvement of realtors in the alleged illegal property deals by public officials.
EditorialMay 15, 2016
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[Albert R. Hunt] Trump’s tax dodge
Donald Trump, who has called one opponent “Lyin’ Ted” and another “Crooked Hillary,” has gotten away with more falsehoods and fabrications than any politician in memory. He’s at it again.The subject is his tax returns. First he said he’d release them, as every Republican and Democratic presidential and vice presidential nominee has done since 1980. Then this week he told the Associated Press he probably wouldn‘t, at least not before an Internal Revenue Service audit was complete (which may or ma
ViewpointsMay 15, 2016
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[Peter Singer] Insects too have subjective experience
Last summer, a cabbage white butterfly laid its eggs on an arugula I was growing. Before long, the plant was swarming with green caterpillars, well disguised against the green leaves. I had other arugula plants, some distance away, that would give me plenty of leaves for our salads, and I didn’t want to use an insecticide, so I just left the caterpillars alone. Soon, every leaf was eaten down to the stalk. With nothing left to eat, the caterpillars, not ready to begin the next stage of their lif
ViewpointsMay 15, 2016
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[Elizabeth Drew] Can Democrats and Republicans heal themselves?
The contests to decide the nominees of America’s two main political parties, the Democrats and the Republicans, for the presidential election are all but over. That leaves both parties facing the challenge of reuniting for the fall campaign -- a feat that will be much harder to pull off this year than it was in most other presidential election years.Though it is mathematically impossible for Bernie Sanders to win enough pledged delegates to capture the Democratic nomination, he is staying in the
ViewpointsMay 15, 2016
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Twitter’s dangerous stand on surveillance
The tension between Silicon Valley and the federal government over digital privacy has taken a bizarre twist: Twitter has reportedly barred the analytics firm Dataminr, which scans the Twitterverse for breaking news and trends, from selling its services to U.S. intelligence agencies. Twitter seems to have no good reason for standing in the way of national security -- beyond advancing its own public relations strategy. While the details remain hazy, U.S. intelligence agencies and Dataminr are sai
ViewpointsMay 15, 2016
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Golfer Shin Ji-yai wins out on Japanese tour over her compatriots
South Korean golfer Shin Ji-yai collected her second win of the season on Sunday after winning the Hoken No Madoguchi Ladies in Japan. At the Fukuoka Country Club in Fukuoka, Japan, Shin shot four-under 68 to finish the tournament with a final score of 10-under 206. She beat her compatriots Lee Bo-mee and Kim Ha-neul by two strokes to take the 216 million yen prize purse. Lee was the two-time defending champion of the event.Shin, former world No. 1 golfer, now has two wins this season after her
GolfMay 15, 2016
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[Joseph E. Stiglitz] Monopoly’s new era
For 200 years, there have been two schools of thought about what determines the distribution of income -- and how the economy functions. One, emanating from Adam Smith and nineteenth-century liberal economists, focuses on competitive markets. The other, cognizant of how Smith’s brand of liberalism leads to rapid concentration of wealth and income, takes as its starting point unfettered markets’ tendency toward monopoly. It is important to understand both, because our views about government polic
ViewpointsMay 15, 2016
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Korea looks to give back to Ethiopia for Korean War service
ADDIS ABABA/BOLE -- More than 60 years ago, Kostle flew thousands of kilometers away from his homeland to fight in the Korean War while serving as a young bodyguard of then Ethiopian Emperor Haile Selassie. Until he passed away a year ago after suffering a stroke, he vividly remembered the snowy winter during which the whole world turned sheer white, and how he had developed skills to fix telephone lines amid the chaos. In one heartwarming episode recounted to his son, he gave his rations to oth
Foreign AffairsMay 15, 2016
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Chinese suspect killed female compatriot in Jeju for money: police
A Chinese man, who has been arrested for the murder of his female compatriot found dead on Jejudo Island in April, committed the crime for money, the police said Sunday. The police added that the suspect also put the body in the trunk of his car for three days after the murder, looking for the right place to dump the corpse. The Seogwipo Police Station said Sunday that it will request an arrest warrant for the 33-year-old Chinese suspect for killing the Chinese woman and abandoning the body. The
Social AffairsMay 15, 2016
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Korea to reopen labor market to Vietnamese migrant workers
South Korea will reopen its labor market to Vietnamese migrant workers starting in 2017, the government said Sunday.In 2012, Seoul stopped allowing Vietnamese nationals the right to work in the country after a large number stayed on despite the expiration of their work visas.South Korea operates an employment permit system where companies can ask the government to allow the employment of foreign workers. Authorities have the right to permit or reject the request based of the validity of the requ
Social AffairsMay 15, 2016
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President Park names new chief of staff, reshuffles top aides
President Park Geun-hye on Sunday appointed Lee Won-jong, who led the presidential committee on regional development, to be her new chief of staff.Lee, 74, who served as the Seoul mayor and North Chungcheong governor in his 50 years of public service, will replace Lee Byung-kee, who is stepping down following the ruling Saenuri Party's defeat in the April 13 polls. He also led the Korea Institute of Local Finance and the Seoul Institute, a local think tank, before joining Park's administration i
PoliticsMay 15, 2016
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Duty-free shops in Seoul brace for full-scale competition
South Korea’s leading duty-free operators are bracing for full-on competition to attract foreign tourists, as all five of last year’s newly-licensed duty-free stores in Seoul will open for business this week.Shinsegae and Doosan are scheduled to open their new duty-free shops in Seoul on Wednesday, driving up competition among Korean duty-free businesses that target foreign shoppers, mainly the Chinese. Duty-free stores are a rare bright spot in Korea’s sluggish retail sector, growing by an aver
IndustryMay 15, 2016
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Korean political parties vow to reinforce teacher's authority
South Korea's major political parties on Sunday said they will put their best efforts to improve teachers' authority as they outlined their commitments to normalize the country's public education system to mark Teacher's Day. The ruling Saenuri Party said it "thanks and pays respect" to all teachers in the nation who are trying to realize true education. "We will put our best efforts forward for teachers so they can concentrate on educating students with pride and high self-esteem," said Kim J
PoliticsMay 15, 2016