Most Popular
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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's resignation
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Most teen sex offenders get away with slap on wrist
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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Suicide attempts spike among youth in Korea
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Panmunjom tours for select Korean nationals may resume in October
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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‘Panama Papers’ disclose a colossal financial scandal
We all knew the rich and powerful play by different rules than the rest of us. Some are willing to bend or break the law to enrich themselves, and some bankers and lawyers are more than happy to help them.Yet, the level of venality revealed by what are being called the Panama Papers is mind-boggling -- and infuriating. It’s the globalization of corruption, and even more contemptible are political leaders who loot the public treasuries of their poor nations.We can only hope that the worldwide att
ViewpointsApril 6, 2016
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International triathlon Ironman to take place in Busan
Ironman, a triathlon course that requires participants to finish a 1.9-kilometer swim, 90.1-kilometer cycling track and 21.1-kilometer marathon in under 8.5 hours, is coming to the southern port city of Busan this summer. Called 2016 Ironman 70.3 Busan, the World Triathlon Corporation-approved course will take place at 6 a.m. on June 19. It is the first edition to take place in Busan. Ironman’s swimming course (Ironman Korea) The swim, the first part of the course, will take place at Busan’s va
More SportsApril 6, 2016
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Imported car sales grow in March
Sales of imported cars in Korea grew 8.1 percent in March from a year ago, on benefits of an extended tax cut, data showed Wednesday.According to the Korea Automobile Importers and Distributors Association, a total of 24,094 foreign cars were registered last month, compared to 22,280 units last year. Sales in March also surged 53.7 percent from 15,671 units in February, it added.Sales of foreign cars may have recovered due to the government extending its tax cut program for new car owners until
MobilityApril 6, 2016
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[팟캐스트](139) 미스터피자 회장 갑질 논란 외 1건
진행자: 원호정, Paul Kerry 1. MPK 회장 갑질논란, 사과문도 외면하는 국민 기사요약: 지난 주말, MPK 그룹 식당에서 Mr. Pizza를 운영하는 MPK그룹의 정우현 회장이 경비원을 폭행한 사실이 드러나면서 다시 한번 대한민국 재벌들의 ‘갑질’ 논란이 사회를 뒤흔들었다. 악화되는 여론에 대한 대응으로 홈페이지에 공식 사과문을 게재했지만, 국민의 분노는 쉽게 가라앉지 않을 것으로 보인다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드):http://www.podbbang.com/ch/6638 Mr. Pizza chairman apologizes, but public remains icy [1] The chairman of MPK Group, which runs the Mr. Pizza chain, issued an of
PodcastApril 6, 2016
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[Photo News] New bullet train, Hemu
NEW BULLET TRAIN, HEMU – New bullet train Hemu enters Gwangmyeong station in Gyeonggi Province, during a trial ride event on April 6. The train developed by Korean technologies is able to drive up to 430 kilometers. (Yonhap)
IndustryApril 6, 2016
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Korea needs investment banks: FSC chairman
Korea’s Financial Services Commission chairman Yim Jong-yong said Wednesday that the time is ripe for the country to have a brokerage with competitive investment banking operations.In a regular media briefing, the chairman added that he supports the recent mergers and acquisitions of brokerages, pointing to NH Investment & Securities taking over Woori Investment & Securities, Mirae Asset Securities acquiring KDB Daewoo and KB Financial Group selected as a preferred bidder for Hyundai Securities.
April 6, 2016
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Kakao in chaebol dilemma
In July last year, when President Park Geun-hye invited 17 business leaders to Cheong Wa Dae for a luncheon meeting, people within the Internet industry felt they were now living in a different world. Among the high-profile figures from conglomerates such as Samsung and Hyundai were heads of Naver and Kakao, the nation’s top two Internet companies and the most successful venture firms. President Park Geun-hye (right) listens to Kakao board chairman Kim Beom-soo on the company’s Internet-based
TechnologyApril 6, 2016
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Korean builders alarmed over Chinese firm’s deal
A recent deal bagged by a state-owned Chinese builder for a major construction project in Korea is causing local construction firms to feel the heat, according to industry sources close to the matter. Greenland Group, China’s largest real estate developer, said on Tuesday it had commissioned China State Construction Engineering -- the world’s third-biggest construction firm -- to erect Jeju Dream Tower on Jejudo Island. The Chinese developer got authorization to build the two 38-story buildings
IndustryApril 6, 2016
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[Newsmaker] U.S. OKs Celltrion's Remicade biosimilar
The U.S. Food and Drug Administration approved Korean biopharma company Celltrion’s Remicade (infliximab) biosimilar on Wednesday, marking the second entry of a biosimilar drug in the U.S. pharmaceutical market. The U.S. regulator approved Inflectra, Celltrion’s biosimilar replication of Johnson & Johnson’s blockbuster drug Remicade, for the treatment of rheumatoid arthritis, Crohn’s disease, ulcerative colitis and other conditions.Celltrion CEO Kim Hyoung-ki speaks during a press conference hel
IndustryApril 6, 2016
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Hotel Lotte could delay IPO until June: sources
Hotel Lotte, the lodgings and duty-free sales unit of Lotte Group, could postpone its market debut until June to increase its valuation before going public, market watchers said Wednesday. Hotel Lotte initially planned to go public in May, but could delay its schedule by one month to cash in on the government’s decision to issue additional licenses for duty-free operators. Hotel Lotte (Yonhap)At the end of April, the Korea Customs Service is set to make an announcement as to whether it would iss
April 6, 2016
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Shinhan Financial outsmarts rivals in profits, assets
Shinhan Financial Group was by far the top earner among the country’s seven bank holding companies last year, while NH Financial Group was the only one in the red. According to data compiled and released Wednesday by the Financial Supervisory Service, Shinhan’s net profits came in at 2.41 trillion won ($2.08 billion) in 2015, far exceeding the figure of runner-up KB Financial Group. KB logged net income of 1.7 trillion won, followed by Hana Financial Group at 897 billion won. Shinhan also led th
April 6, 2016
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Prosecution brings murder charges against abusive father
A 23-year-old father who had habitually abused his daughter from before she was three months old was indicted Wednesday on charges of murder. The man was taken into custody last month for repeatedly dropping his baby from the height of a meter, which cracked her skull and led to her death.(123RF)The police initially accused the man of foul play, but later changed the case to that of manslaughter by gross negligence. The police said it had discovered through investigation that the man and his wif
Social AffairsApril 6, 2016
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Mobile motel booking firm draws W15b investment
Yanolija, a local motel booking company, has pulled fresh investment worth 15 billion won ($13 million) from investors from the U.K. and Korea, it said Wednesday.SL Investment Management of the U.K. and a Seoul-based investor, Partners Investment, have decided to invest in the motel booking business, which has been logging growth in recent years. The logo of motel booking service Yanolja (Yanolja)Established in 2007, the motel booking business posted 36.7 billion won in sales in 2015, up 82 perc
TechnologyApril 6, 2016
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KT&G to beat earnings estimates
KT&G, the KOSPI-listed tobacco maker, is expected to “surprise” the market by posting solid earnings in the first quarter of this year, analysts say.Although the country’s representative sin stock is likely to see its consolidated operating profits fall 27.5 percent to 310.6 billion won ($268.8 million) on-year, the company will perform above the market consensus of 271.5 billion won.“Low base effect and high exchange rate (a weak won) spurred its profitability,” said Hong Se-jong, an analyst at
April 6, 2016
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Mariners' Lee Dae-ho hitless in 1st MLB start
The Seattle Mariners first baseman Lee Dae-ho went hitless in his first Major League Baseball start Tuesday in Texas.Playing first base and batting eighth against the Texas Rangers at Globe Life Park in Arlington, Lee went 0-for-2 and stranded three men. Seattle won 10-2.In his big league debut the previous day, the 33-year-old South Korean struck out in a pinch-hit appearance.Lee started opposite of his childhood friend Choo Shin-soo, a veteran outfielder for the Rangers. It marked the first ti
BaseballApril 6, 2016
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Arrogant behavior of business owners sparks public uproar, call to boycott
Some South Korean business owners have been again placed under the watchful eyes of the public following recent incidents that showed their high-handed behavior and inhumane treatment of their employees.What began as criticism over how they apparently view themselves, however, has now led to suspicions that they might also treat or think of their customers with classist views, prompting calls to boycott their products.High-handed behavior of the rich and powerful has always been a subject of con
Social AffairsApril 6, 2016
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N. Korea to deploy long-range rocket launchers late this year: defense chief
North Korea has completed the development of a large-caliber multiple launch rocket system and is likely to deploy it against South Korea starting late this year, Seoul's defense minister here said.North Korea announced last month that its leader Kim Jong-un inspected what was claimed to be the final test-fire of the 300-millimeter caliber rockets equipped with an accurate guidance system.The completion of the new weapon has drawn attention to North Korea's escalating artillery threats to South
North KoreaApril 6, 2016
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LG Display to build OLED display module factory in Vietnam
LG Display, one of Korea’s leading display manufacturers, said Wednesday it has signed a deal with the city government of Hai Phong, the third-largest city in Vietnam, to build a display module factory there.The Korean display firm will first spend $100 million to establish a local office in the city and begin construction of the factory later this year. It will start operating the factory next year.Jeong Cheol-dong (fourth from left), LG Display chief production officer, and Le Van Thanh (fourt
TechnologyApril 6, 2016
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Korean Air fires pilot for refusing to work, citing working regulations
Korean Air Lines Co. has dismissed a pilot for allegedly refusing to fly, though he claims he was following the company's daily working regulations, its labor union said Wednesday, a move feared to deepen a rift caused by prolonged labor disputes at the country's leading flag carrier.The pilot, who is identified only by his last name Park, was notified of the decision by the company's disciplinary committee on Tuesday, according to the labor union that represents Korean Air's pilots. The pilot h
Social AffairsApril 6, 2016
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Insufficient support for disabled children: parents
Parents of disabled children want more government support, showed a recent survey released a day after a mother was prosecuted for strangling her disabled 11-year-old daughter in Daegu. According to the study released on Wednesday by a child rearing policy research center, a survey of 478 mothers and fathers with disabled children showed that 32 percent of them felt that there was a lack of specialized educational centers.(123RF)Among the respondents, 21 percent wanted more financial support fro
Social AffairsApril 6, 2016