Most Popular
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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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Thousands rally in Seoul to call for Yoon resignation
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Most teen sex offenders get away with slap on wrist
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Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Same-sex couple denied insurance clearance despite landmark ruling
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Panmunjom tours for select Korean nationals may resume in October
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Young Poong says no better offer for Korea Zinc
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[Market Now] Lotte sells Eunpyeong commercial building to KEB Hana fund
Lotte Shopping said Tuesday it will sell its commercial building in Eunpyeong New Town, Seoul, to a real estate trust fund of KEB Hana Bank by the end of this month.Hana’s fund will purchase the property for 430 billion won ($380 million), according to a disclosure filing by Eunpyeong PFV Corp. Lotte Duty Free shop in downtown Seoul (Yonhap)Lotte Shopping’s Lotte Asset Development, a real estate developer of Lotte Group, set up the special purpose company -- Eunpyeong PFV Corp. -- to develop the
April 19, 2016
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Cheil Worldwide buys stake in U.K.‘s Founded
Korean advertising group Cheil Worldwide is seeking to tap deeper into the U.K. and U.S. markets with its acquisition of a British marketing agency. Iris, a London-based affiliate of Cheil, said Tuesday it acquired a stake in U.K. agency Founded that works with clients including Uniqlo, Sony, Financial Times, WePay and Zipcar. The companies declined to disclose terms of the deal.The deal highlights Cheil’s willingness to expand its oversea business and diversify the business portfolio from retai
April 19, 2016
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Gov't set to pick new industries for restructuring
South Korea may choose additional industries for restructuring next week as part of efforts to weed out troubled companies that could put a damper on Asia's fourth-largest economy down the road, government and industry sources said Tuesday.In line with its sweeping restructuring drive to keep financially troubled companies from becoming a drag on the economy, the government has already singled out five industries -- shipbuilding, shipping, construction, steelmaking and petrochemicals.In particul
April 19, 2016
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Oil recoups heavy losses from Doha talks collapse
The oil market late Monday recouped heavy losses spurred by the failure of major crude producers to agree curbs on output that could have firmed up the market.Analysts said a strike that knocked out more than 60 percent of Kuwait's production helped support the market.Crude prices fell nearly seven percent early in the day after producers came away from talks in the Qatari capital of Doha on Sunday empty-handed.But by the end of trade, US benchmark West Texas Intermediate for delivery in May had
April 19, 2016
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Twice to move on to 'Page Two'
K-pop girl group Twice has unveiled the teaser video and image for its second mini album “Page Two,” the group‘s agency JYP Entertainment announced Monday. In the teaser image, all the members appear in mint-colored cheerleader’s outfits. Teaser image of K-pop girl group Twice’s second mini album “Page Two” (JYP Entertainment) The nine-member international girl group -- five Koreans, three Japanese and one Taiwanese member -- debuted with “The Story Begins” in October last year. The group will p
PerformanceApril 19, 2016
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Lee Hi releases ‘My Star’
Singer Lee Hi released a teaser video and poster for her upcoming song “My Star” on Monday. Uploaded on YG Entertainment’s official blog www.yg-life.com, the poster and video features rapper One as the singer’s romantic partner. One was a contestant on Mnet’s hip-hop competition show “Show Me the Money 4” last year, and signed with the agency in September. Promotional image of Lee Hi’s “My Star” (YG Entertainment) Lee Hi, who bagged second prize in season one of SBS audition show “K-pop Star,” d
PerformanceApril 19, 2016
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[Herald Review] Korean family observed in ‘End of Winter’
“End of Winter” tells the story of a Korean family. This family is forced to stay together longer than originally intended when a snowstorm hits the northern city of Cheorwon, where its members have gathered for the retirement ceremony of the father, played by Moon Chan-gil, who is wrapping up his teaching career. There’s the newlywed daughter-in-law, played by Lee Sang-hee, struggling to find favor with her new family; her husband, the eldest son played by Kim Min-hyuk, a pharmaceutical sales
FilmApril 19, 2016
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[Photo News] Samsung partners with U.N. for charity
SAMSUNG-U.N. PARTNERSHIP FOR CHARITY -- Kim Jung-hwan (left), manager of Samsung Electronics’ South America headquarters, poses with Amanda Mukwashi, U.N. volunteers’ knowledge and innovation team leader, after signing an agreement to run support programs together for the underprivileged in South America. (Samsung Electronics)
TechnologyApril 19, 2016
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Go star Lee Se-dol, new model for Nongshim Shin Ramyun
Nongshim, Korea’s leading processed food manufacturer, has named Go champion Lee So-dol who challenged Google’s AlphaGo artificial intelligence program last month as the new TV model for its best-selling instant noodle product Shin Ramyun, the company said Tuesday.“We have named Go grandmaster Lee Se-dol as the new model because he is known as a Shin Ramyun fanatic, and the passion he has shown through the game series (against AlphaGo) bears a likeness to Nongshim’ K-food drive toward the global
IndustryApril 19, 2016
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[Market Now] K-water receives state funds for four rivers debt repayment
Korea Water Resources Corp. said Tuesday that it has received 119 billion won ($104 million) from the Ministry of Strategy of Finance to repay its debt for the construction and restoration of Korea’s four major rivers.The government agreed last September to provide a total of 340 billion won this year to the state-run K-water for debt repayments.The state-run water resources manager said that the 119 billion won was the first capital support from the Finance Ministry, and the rest of the 340 bil
April 19, 2016
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Green Cross, IVI sign MOU on Zika virus vaccine
Green Cross, a Korean vaccine-maker, has signed a memorandum of understanding with the International Vaccine Institute to jointly develop a vaccine to prevent Zika virus, the company said Tuesday.Under the agreement, Green Cross and its affiliate Green Cross Medical Science will share a pool of researchers, labs and instrumental techniques on vaccine development. Green Cross will also share its technical know-how on vaccine development and production while IVI offers Zika virus strains for joint
IndustryApril 19, 2016
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Top court upholds damages payment over hostage killing
The Supreme Court on Tuesday upheld a lower court ruling that ordered the state to pay 96.16 million won ($84,000) in damages to the family of a murdered college student in a 2010 kidnapping incident, citing improper measures by the police.A man held the female student hostage in the southeastern city of Daegu in June 2010 and killed her in retaliation for the police's moves to arrest him after evading a police cordon.In handing down the ruling, the top court said, "The police had failed to take
Social AffairsApril 19, 2016
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North Korean FM arrives in Beijing before rare trip to New York
North Korean Foreign Minister Ri Su-yong arrived in Beijing on Tuesday, apparently en route on a rare trip to New York later this week. Ri was seen arriving at the Beijing Capital International Airport and whisked away in a vehicle belonging to the North Korean ambassador to China, Ji Jae-ryong. The U.N. plans to hold a high-level signing ceremony on Friday for the so-called Paris Agreement adopted in December to replace the Kyoto Protocol on climate change, and the North Korean foreign minister
North KoreaApril 19, 2016
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N.K. may hold party congress in May without foreign guests: source
North Korea may hold its party congress in May without foreign guests as it faces toughened international sanctions, a source familiar with the isolated country said Tuesday."So far, there have been no noticeable signs that North Korea is engaged in 'invitation diplomacy' for the party congress," the source said.It added that it is attributable to a fall in North Korea's clout under the sanctions regime following its fourth nuclear test in January.The Workers' Party of Korea is preparing to hold
North KoreaApril 19, 2016
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Ministry, military join forces against North's potential EMP attack
South Korea's science ministry said Tuesday it has signed an agreement with the military to make joint efforts against a possible electromagnetic pulse attack from North Korea.The National Radio Research Agency inked the memorandum of understanding with the Army Engineer School, according to the Ministry of Science, ICT and Future Planning.It calls for the two sides to share EMP test equipment, develop preventive technologies together and exchange relevant specialists.An EMP occurs when a nuclea
DefenseApril 19, 2016
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South Korea, U.S., Japan to meet as N.K. nuclear test looms
South Korea, the United States and Japan plan to hold high-level talks on North Korea Tuesday as the communist country appears set to conduct another nuclear test.Concerns have grown that Pyongyang will carry out its fifth nuclear test or launch another ballistic missile ahead of a rare congress of the ruling Workers' Party early next month.On Monday, President Park Geun-hye ordered the military to be ready to be on guard and respond forcefully if the need arises, citing indications that Pyongya
North KoreaApril 19, 2016
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Kim Jong-un resumes inspection tour for people's livelihoods
North Korean leader Kim Jong-un has visited a newly built notebook factory, the North's official news agency reported Tuesday, in what appears to be a move to show his interest in the livelihood of ordinary people, and in particular the country's younger generation.The North's Korean Central News Agency said Kim gave field guidance to the newly built "Mindulle Notebook Factory," which was named by the North Korean leader himself, after giving instructions related to the construction and its layo
North KoreaApril 19, 2016
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PyeongChang launches program to enhance accessibility in restaurants, hotels
Organizers of the 2018 Winter Olympics in PyeongChang said Tuesday they have launched a program to enhance accessibility in restaurants and hotels in host cities.The Games' organizing committee said in a statement it has released the "Accessibility Recognition Program," whereby the committee will look to increase the number of restaurants and accommodations easily accessible to pregnant, elderly or physically impaired individuals. The committee said it will encourage business owners and operator
Olympic GamesApril 19, 2016
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Twins' Park Byung-ho hits 3rd homer of season
Park Byung-ho of the Minnesota Twins hit his third home run of the season Monday against the Milwaukee Brewers.Park flashed some opposite field power against the Brewers starter Chase Anderson, taking him over the right field wall at Target Field in Minneapolis in the bottom of the fourth.Park's solo blast broke the 3-3 tie. Byron Buxton hit an RBI triple later in the same inning to put the Twins up 5-3.Park hit a single to right in the bottom fifth for his first multihit game of the season.Park
BaseballApril 19, 2016
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[Market Now] BOK cuts 2016 growth outlook to 2.8%
The Bank of Korea on Tuesday cut its outlook for Korea’s economic growth in 2016 by 0.2 percentage point to 2.8 percent, deviating further from the government’s 3.1 percent forecast and joining private forecasters in lowering growth projections. Inflation will be 1.2 percent this year, also 0.2 percentage point lower than its previous projection of 1.4 percent, BOK Gov. Lee Ju-yeol said in a news conference that followed the bank’s decision to hold the base rate steady at 1.5 percent. BOK Gov.
April 19, 2016