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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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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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Boy's emergency medical treatment delayed 2 hours due to staff shortage
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Lotte focuses on mobile payment platform
Korea's retail conglomerate Lotte Group is ratcheting up efforts to promote its own mobile payment platform, L Pay, industry watchers said Wednesday, as such services gained popularity over previous months amid the rising number of smartphone users.Lotte Group chairman Shin Dong-bin was recently quoted as saying by corporate officials that L Pay is an "important asset" for the business group, adding that Lotte should expand the scope and quality of the services provided by the L Pay platform. Lo
IndustryMay 11, 2016
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Hyundai, Kia see Mexico sales in April hit all-time high
Hyundai Motor and its smaller affiliate Kia Motors saw their monthly car sales in Mexico hit an all-time high in April, industry data showed Wednesday.According to the data by a local automotive association, the two Korean carmakers sold a combined 7,086 units in Mexico last month, the largest since Hyundai Motor entered the market in May 2014. Their previous monthly sales record was 6,128 units set in March.Hyundai Motor sold 3,053 units in April, while Kia Motors sold 4,033 units in the same m
MobilityMay 11, 2016
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Korean shares open tad higher on retail buying
Korean stocks opened slightly higher on Wednesday as retail investors picked up shares. The benchmark Korea Composite Stock Price Index (KOSPI) added 1.33 points, or 0.07 percent, to 1,983.83 in the first 15 minutes of trading. (Yonhap)Retail investors picked up over 50 billion won ($42.7 million) worth of shares, but institutions and foreigners weighed on the market by selling more than they bought. The local currency was trading at 1,167.2 won against the U.S. dollar, up 5.4 won from the previ
May 11, 2016
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Korea's jobless rate falls to 3.9% in April
South Korea's jobless rate fell in April as more people were hired in the accommodation and retail sectors, but the unemployment rate for young people still remained high, a government report showed Wednesday.The unemployment rate sank to 3.9 percent in April, from 4.3 percent in March. The seasonally adjusted jobless rate also dropped to 3.7 percent from 3.8 percent over the cited period, according to the report by Statistics Korea. Job fair in Seoul (Yonhap)But job creation decreased from the
May 11, 2016
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Trump's name brandishes South Korea's high-rise buildings
Presumptive U.S. presidential nominee Donald Trump has his real estate footprints in South Korea as well, having lent his name to a construction company from the late 1990s to use on high-rise residential buildings in what was his first such arrangement with a foreign firm.Daewoo Engineering & Construction (Daewoo E&C), then a builder unit of the larger Daewoo Group, first partnered with Trump in September 1997 to erect the Trump World Tower in Manhattan, close to the U.N. headquarters in New Yo
North KoreaMay 11, 2016
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Trump book shows he had advocated surgical strike on N. Korea in 2000
Republican presidential presumptive nominee Donald Trump had advocated a surgical strike against North Korea's nuclear facility, according to a book the real-estate tycoon published when he first ran for president in 2000."What would I do in North Korea? Fair question. It's easy to point out the problem, but what should be done to solve it? Am I ready to bomb this reactor? You're damned right," Trump said in the book titled, "The America We Deserve."Trump said that Israel's 1981 strike on Iraq's
InternationalMay 11, 2016
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N. Korea shows no indications of impending nuclear test: 38 North
Vehicles are no longer visible at the command center of North Korea's nuclear test site, a U.S. website monitoring the communist nation said Tuesday, brushing aside what was previously considered a possible sign of nuclear test preparations.Four vehicles were seen at the center in last week's satellite imagery of the North's Punggye-ri test site, sparking speculation it could be a sign that the North is preparing to conduct what would be its fifth nuclear test, just a few months after the fourth
North KoreaMay 11, 2016
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No vehicles seen at command center of N.K. nuclear test site: 38 North
Vehicles are no longer visible at the command center of North Korea's nuclear test site, a U.S. website monitoring the communist nation said Tuesday, brushing aside what was previously considered a possible sign of nuclear test preparations.Four vehicles were seen at the center in last week's satellite imagery of the North's Punggye-ri test site, sparking speculation it could be a sign that the North is preparing to conduct what would be its fifth nuclear test, just a few months after the fourth
North KoreaMay 11, 2016
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U.S. expert calls for serious consideration of N. Korea's dialogue offer
North Korean leader Kim Jong-un's proposal to hold military talks with South Korea should be considered seriously as it offers a chance to keep tensions under control ahead of August's U.S.-South Korea military exercises, a U.S. expert said Tuesday.The North's leader made the dialogue offer during the Workers' Party Congress over the weekend, saying the two sides could use such talks to discuss ways to remove risks of clashes along the border and ease tensions as well as other issues of mutual c
North KoreaMay 11, 2016
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Obama to become first U.S. president to visit Hiroshima
U.S. President Barack Obama will visit the Japanese city of Hiroshima later this month, making him the first sitting American president to do so since the U.S. dropped a nuclear bomb there to end World War II.Obama will make the "historic visit" with Japanese Prime Minister Shinzo Abe to "highlight his continued commitment to pursuing the peace and security of a world without nuclear weapons," White House press secretary Josh Earnest said in a statement.The visit will take place on May 27 after
InternationalMay 11, 2016
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Kossen to buy 55% stake in ETH
Kossen, a Korean steel pipe manufacturer and renewable energy company, has decided to buy a 55.43 percent stake in electric car maker ETH for 5 billion won ($4.3 million), the company said Tuesday.In a regulatory filing, the company said it aims to make a foray into the electric car market by acquiring 1 million shares in ETH. Established in 2003, ETH is a venture firm that produces an electronic storage system and other testing equipment for secondary cell battery used in electric vehicles. The
IndustryMay 11, 2016
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Chinese tourists feast on Korean food by Han River
Thousands of Chinese tourists feasted on Korean food by Seoul's signature river Tuesday, fighting off evening chills with warm bowls of ginseng chicken soup.Chinese healthcare company Joymain Science & Technology (Zhongmai Group) sent 4,000 employees to the banks of the Han River in Banpo area, southern Seoul, for a mass serving of "samgyetang" and 4,000 cans of beers.They were the second group of Joymain employees to enjoy the traditional chicken soup by the river. Last Friday, 4,000 of their c
Social AffairsMay 10, 2016
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Rhythmic gymnast Son Yeon-jae completes gold medal sweep at Asian Championships
South Korean Son Yeon-jae completed a gold medal sweep at the eighth Rhythmic Gymnastics Asian Championships in Uzbekistan on Tuesday, brightening hopes for her first Olympic medal this summer.Son was crowned the champion in four apparatuses in Tashkent, a day after capturing her third consecutive individual all-around title.She won the gold in ribbon with a new career-high 18.700 points. Sabina Ashirbayeva of Kazakhstan finished second with 18.300 points, followed by Elizaveta Nazarenkova of Uz
More SportsMay 10, 2016
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Rising immigration pushes S. Korea toward diversity
With every passing year and a steady influx of foreigners chasing the "Korean dream," the number of people born abroad and those from multicultural families will grow and this change will invariably nudge South Korea to become a more diverse society, local observers said Tuesday.As of March, 1.94 million foreigners were living in South Korea, an increase of more than four-fold compared to 2000, data by the Ministry of Justice showed. The greatest jump was seen among long-term residents who accou
Social AffairsMay 10, 2016
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[Newsmaker] Duterte wins Philippine presidential race
Incendiary Philippine politician Rodrigo Duterte vowed Tuesday a relentless crackdown on crime after securing a landslide presidential victory built on foul-mouthed populist tirades that exposed deep voter anger at the establishment. Mayor Rodrigo Duterte gestures during his news conference in Davao in the southern Philippines on Monday. (AP-Yonhap)The 71-year-old firebrand's main rivals conceded defeat after an unofficial tally showed Duterte had an insurmountable lead in Monday's election of 6
World NewsMay 10, 2016
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Loopholes found in air quality management plan
The Environment Ministry’s current plan on air quality control lacks in accuracy and efficacy by overlooking a number of important factors and exaggerating numbers, the nation’s audit agency said Tuesday. (Yonhap)According to the Board of Audit and Inspection, the ministry failed to identify main pollutants causing air pollution and erroneously measured the amount of fine dust in the air. It also overestimated the amount of fine dust reduced through the plan. The assessment came as the audit age
Social AffairsMay 10, 2016
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SK speeds up partnership with Middle East
SK Group chairman Chey Tae-won met with the visiting prime minister of Kuwait in Seoul on Tuesday to discuss partnerships, with the aim of speeding up its business in the Middle East. Chey and Prime Minister Jaber Mubarak Al-Hamad Al-Sabah agreed on cooperating in diverse sectors including energy, chemistry, new energy and infrastructure, a company official said. SK Group chairman Chey Tae-won (left) talks with Prime Minister of Kuwait Jaber Mubarak Al-Hamad Al-Sabah on Tuesday (SK Group)“SK Gr
IndustryMay 10, 2016
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Legacy of LS Group founders creates ‘cousinhood’ management
During the weekend, tributes were paid to a well-respected figure in the Korean business community. LS Group’s cofounder Koo Tai-hwoi, honorary chairman of LS Cable & System, had passed away at the age of 93. As the fourth brother of LG Group founder Koo In-hwoi, who had six brothers, he had founded LS Group, focusing on power equipment and energy sectors in 2003, with his two younger brothers -- Koo Pyong-hwoi and Koo Doo-hwoi. The four affiliates which formed the foundation of the group includ
IndustryMay 10, 2016
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[Editorial] Ethical standards
As expected, new allegations and accusations are coming up one after another as prosecutors dig into the case of the deadly humidifier sterilizers that killed more than 100 people. One of the allegations hit a seemingly unlikely group of people -- academics -- as at least two university professors have been implicated in the case that has generated a public outcry and forced government officials and politicians to take action. The two professors -- one from Seoul National University and the oth
EditorialMay 10, 2016
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[Editorial] N.K. congress
North Korean leader Kim Jong-un clearly showed what was on his mind through the ruling Workers’ Party congress: He wanted to crown himself as the supreme leader of the country and use nuclear bombs to symbolize his ascension. As it turned out, the congress, which opened Friday in Pyongyang, did not result in any major decisions or policy blueprints befitting a high-profile political event held for the first time in 36 years. It is apparent that by holding an event that even his father skipped be
EditorialMay 10, 2016