Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Suicide attempts spike among youth in Korea
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Korea, China, Japan vow to address yellow dust and climate change
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Seoul city to switch on extra lighting on bridges
The city of Seoul said Tuesday it will turn on extra external lighting on five bridges across the Han River this year in a bid to liven up the riverscape and attract more tourists.The Seoul Metropolitan Government said light displays will be turned on at five bridges -- Hannam, Yeongdong, Jamsil, Haengju and Dongjak -- where it can provide more attraction for visitors.The lights on the Haengju and Dongjak bridges will be turned on in May ahead of China's labor day and Japan's golden week holiday
Social AffairsMarch 22, 2016
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Korea looking to stay perfect in World Cup qualifier vs. Lebanon
South Korea will aim to keep their perfect record in the second Asian qualifying round for the 2018 FIFA World Cup when they host Lebanon on Thursday.Regardless of the match against Lebanon, which will be played at Ansan Wa Stadium in Ansan, Gyeonggi Province, South Korea have already clinched the top seed in Group G with six straight wins, and will advance to the final round of the regional qualification.Lebanon, ranked 145th, are currently third in Group G with three wins, one draw and two los
SoccerMarch 22, 2016
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CNBLUE sings brighter notes
Boy band CNBLUE will release a new EP on April 4, its label FNC Entertainment announced Tuesday. The four-member group, which consists of Jung Yong-hwa, Lee Jong-hyun, Kang Min-hyuk and Lee Jung-shin, will launch “Blueming,” a combination of the words “CNBLUE” and “blooming,” to symbolize the group’s budding music style. CNBLUE (FNC Entertainment) The album will feature sweet and bright songs to match the spring season, a change from CNBLUE’s past hits about farewells and heartbreaks, such as
PerformanceMarch 22, 2016
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Korea launches 'startup campus' in Pangyo
Korea opened its largest startup complex near Seoul on Tuesday as part of its efforts to boost promising local startups and attract foreign companies.The "startup campus" in Pangyo, just south of Seoul, houses more than 200 local and foreign institutions to offer workspace and consulting services for capital funding, according to the Ministry of Science, ICT and Future Planning. Opening ceremony of Pangyo startup campus (Yonhap)They include the Yozma Group, an Israel-based global venture capital
March 22, 2016
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Insurance frauds hit record high last year
False claims for insurance money jumped 9.2 percent to reach a record high last year as hospitals and insurance planners got involved in large-scale insurance fraud, government data showed Tuesday.The amount of false insurance claims climbed to 655 billion won ($564 million) in terms of payments last year, up from 599.7 billion won a year earlier, the Financial Supervisory Service (FSS) said in a statement.Financial Supervisory Service headquarters in Seoul (Yonhap)The value of false insurance c
March 22, 2016
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Need for Korea's rate cut could grow, but effect uncertain: report
The need for a rate cut may become stronger for Korea as advanced countries continue monetary easing, but whether it will help improve the real economy is questionable, a report from an economic think tank said Tuesday."The recent monetary easing policy by key nations, rebound in oil prices and softened worries of the Chinese economy's hard landing helped stabilize the global financial market," the report from LG Economic Research Institute (LGERI), authored by senior researcher Lee Chang-seon,
March 22, 2016
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Korean petrochemicals firms eye M&As
Korean petrochemicals companies, backed by improved earnings, are pushing to take over foreign rivals that specialize in high-end products, in a bid to diversify their revenue sources and fend off rising competition from Chinese rivals, industry sources said Tuesday.According to the sources, SK Global Chemical, a unit of SK Innovation, the country's top refiner, has been rebalancing its business portfolio focusing on high-end and high value-added products. SK headquarters in Seoul (Yonhap)"We ar
IndustryMarch 22, 2016
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Samsung's Galaxy S7 series enjoys popularity in Israel
Korean tech giant Samsung Electronics said Tuesday its latest flagship smartphones, the Galaxy S7 series, posted robust sales in Israel just a week after their launch.The Galaxy S7 series officially hit the shelves on March 14, coming out in major markets including Korea, the United States and Europe. Samsung Galaxy S7 (Yonhap)Samsung sold over 10,000 units in the first week in Israel as its advanced waterproof function and visual display received positive feedback, according to company officia
IndustryMarch 22, 2016
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TCC Steel to sell subsidiary in open bid
TCC Steel, manufacturer of coated steel plates, said Tuesday that it will resume sale of its subsidiary TCC Bend Korea through an open bid. “The company has not finalized the details about disposing of stake in TCC Bend Korea,” it said in a regulatory filing.TCC Steel’s previous attempt to auction off its subsidiary in September last year failed, due to a lack of interest from potential buyers. Deloitte Anjin was its deal advisor at that time.With the same accounting firm as advisor, TCC Steel w
March 22, 2016
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Spotify says it‘s reached 30 million subscribers
NEW YORK (AFP) - Leading streaming service Spotify said Monday that it had reached 30 million paying subscribers as the company suggested it would keep expanding to more countries. The milestone was announced by Spotify's chief executive Daniel Ek as he commented positively about President Barack Obama’s historic visit to longtime US adversary Cuba. “We have 30 million Spotify subscribers, but none of them are in Cuba ... yet. So cool to see Cuba opening up!” the 33-year-old Swedish entrepreneur
PerformanceMarch 22, 2016
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Hanbok back in fashion among youths
The hanbok is coming back in vogue among young people in Korea. It has become a common sight to spot teenagers and those in their 20s donning the colorful Korean traditional costume in places such as palace tourist attractions and traditional neighborhoods Bukchon and Insa-dong. There has also been an increase in the number of local visitors looking for hanbok rental shops in Insa-dong, according to Han Min-jung of the Insa Traditional Culture Preservation Association. “Teenagers and those in t
CultureMarch 22, 2016
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Emin launches show in Hong Kong as Art Basel comes to town
HONG KONG (AFP) - The pain of intimacy, raw physicality, love, sadness, loneliness: British artist Tracey Emin's trademark themes run through her new Hong Kong show “I Cried Because I Love You” -- her first in greater China. A mix of painting, embroidery and neon, the exhibition comes at a time when, despite the economic downturn in China, collectors in the region are becoming increasingly knowledgeable and focused on who they want to buy -- and Emin is on their shopping list. Her new show coinc
PerformanceMarch 22, 2016
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Tong Yang exploring acquisition of local PHC maker
Tong Yang Inc. said Tuesday it is seeking to acquire Sambu Construction Industrial, a local maker of construction materials. In a regulatory filing, the company said it had submitted a letter of intent to take over Sambu Construction Industrial on March 14.Having graduated from a 28-month period of court receivership last month, Tong Yang sits on a cash pile of nearly 500 billion won after selling assets to repay debt, including a controlling stake in Tong Yang Cement. Tong Yang Inc., whose main
March 22, 2016
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U.S. Supreme Court agrees to hear Samsung‘s appeal
The U.S. Supreme Court agreed Monday to hear Samsung Electronics’ appeal of the damages it was ordered to pay for infringing on Apple’s design patents.Samsung previously paid Apple $548 million in damages awarded by a lower court for copying designs of the iPhone. In December last year, Samsung took the case to the highest court, asking it to reconsider the scope of design patents and how damages are calculated, in an effort to knock up to $399 million off the total damages.The South Korean smar
IndustryMarch 22, 2016
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More people shopped on mobile phones in 2015
More than half the online consumers in Seoul used mobile phones to shop in 2015, according to a poll on Monday. Government data showed that 66.7 percent of online consumers said they used smartphones for shopping. The figure reflects a 20-percentage point jump from the previous year. The data was based on a survey conducted by the Ministry of Science, ICT and Future Planning on people aged 12 or older in 2,973 households in Seoul.Last year, 46.4 percent of people used mobile devices including ph
March 22, 2016
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Prosecutors probing into Volkswagen’s new cars
South Korean prosecutors said Monday they are investigating Volkswagen AG’s newly launched cars for possible emission fabrication. The prosecutors said the probe will focus on the German carmaker’s 2016 cars, which have passed Europe’s stronger emission standards, known as the Euro 6.On Friday, prosecutors raided a vehicle inspection center of the Korean unit of Volkswagen AG. They also confiscated about 10 vehicles that met the new European standards.Previously, Volkswagen’s four diesel-engine
IndustryMarch 22, 2016
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S. Korea develops ‘smart patch’ for diabetes therapy
A team of South Korean scientists announced Tuesday that they have developed a wearable device, based on nanotechnology, to more conveniently monitor diabetes.The graphene-using “smart patch” has improved the accuracy of blood sugar level measurements as it checks not only glucose in sweat but also temperature and acidity, according to the Institute for Basic Science. Scientists experiment with nanotechnology in a lab in North Gyeongsang Province, South Korea. (Yonhap)The patch is used on the s
IndustryMarch 22, 2016
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Latest drama hit creates new travel boom
South Korean travelers are showing interest in a remote part of Greece, while cities here that are home to former mines and military facilities are undertaking major uplifts to attract Chinese tourists, thanks to a TV drama that has been a stellar success.Local travel agencies said Tuesday they have been getting inquiries about tour programs to Zakynthos, one of the Ionian Islands of Greece that is the background of the currently running South Korean drama "Descendants of the Sun." The drama is
TelevisionMarch 22, 2016
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Korea, U.S. conducting joint naval drills against
The navies of South Korea and the United States kicked off a four-day joint naval exercise Tuesday to enhance their readiness against potential military provocations by North Korea.The joint maritime exercise, scheduled from Tuesday to Friday, is part of the ongoing Foal Eagle annual field training exercise the allies launched two weeks ago.Some 50 naval vessels and submarines from both countries joined the exercise in the Yellow and East seas, according to the Navy here.A group of South Korean
DefenseMarch 22, 2016
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Korea reports first Zika virus-infected patient
South Korea has confirmed the first case of a patient here being infected with the South America-originated Zika virus, the health authorities said Tuesday, sparking fears that the contagious virus that could cause birth defects will spread throughout the country.A 43-year-old man tested positive for the mosquito-borne virus after traveling to Brazil between mid-February and early March, according to the Centers for Disease Control and Prevention (CDCP)."During the trip in Brazil, the patient ha
Social AffairsMarch 22, 2016