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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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Immigration policy must go beyond labor supply: experts
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Opposition mulls delay of financial investment income tax
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Korean shares rise ahead of FOMC meeting
Korean shares opened slightly higher Tuesday, tracking overnight gains on Wall Street, with investors remaining cautious ahead of the Federal Open Market Committee meeting later this week. The benchmark Korea Composite Stock Price Index (KOSPI) gained 2.56 points, or 0.13 percent, to hit 1,974.83 in the first 15 minutes of trading. On Monday, the Dow Jones industrial average inched up 0.09 percent to 17,229.13 and the tech-heavy Nasdaq gained 0.04 percent to 4,750.28. Technology, chemical an
March 15, 2016
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Radiohead announces global shows amid album build-up
NEW YORK (AFP) - Radiohead announced Monday concerts in six cities around the world as speculation builds for the experimental rockers' much-anticipated but unannounced ninth album. The band said it would play from May 20 to Oct. 4 at major arenas in Amsterdam, Paris, London, New York, Los Angeles and Mexico City, with two shows in each city except London, where Radiohead will play three. The British rockers were already announced as headliners for eight festivals including Primavera Sound in Ba
PerformanceMarch 15, 2016
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KHNP completes 90% safety measures against nuclear accidents
State-run Korea Hydro & Nuclear Power Corp., operator of the nation’s 25 nuclear reactors, said Tuesday that the company has completed 87.5 percent of its planned safety measures against accidents that it developed as a follow-up after the Fukushima Daiichi nuclear disaster in 2011.“The company has been proceeding with the completion of safety-related tasks by 2020 under its safety management roadmap for the past five years,’’ a KHNP official said. The Kori nuclear power complex located in Busan
BusinessMarch 15, 2016
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Hanwha Eagles sign new foreign pitcher
The South Korean baseball club Hanwha Eagles announced they signed right-hander Alex Maestri on Tuesday.The Korea Baseball Organization team disclosed the terms of the deal in Japanese yen: Maestri, who'd pitched for the Japanese club Orix Buffaloes the past four seasons, will make 20 million yen ($175,740) in salary and receive 30 million yen in a signing bonus.The native of Cesena, Italy, became the first Italian-born pitcher to be signed by a big league club in 2006, when the Chicago Cubs acq
BaseballMarch 15, 2016
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Cards' Oh strikes out Twins' Park in all-Korean showdown
The all-time South Korean saves leader struck out the country's home run king in their first U.S. showdown on Monday.St. Louis Cardinals reliever Oh Seung-hwan and Minnesota Twins designated hitter/first baseman Park Byung-ho faced each other with two outs in the top of the sixth inning at Roger Dean Stadium in Jupiter, Florida. Oh, the usually stoic pitcher nicknamed "Stone Buddha" for his unflappable nature, flashed a little grin as Park came to the plate. The right-hander then got to work.Oh,
BaseballMarch 15, 2016
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Lone diners step out as perceptions change
Park Min-seo, on his fifth year working at a large telecom company in Seoul, has his office routine lined up with meetings, report write-ups, client consultations and periodic constructive criticism from his superiors. So to pat himself on the back for surviving a difficult day or week, he occasionally heads to restaurants and bars -- alone. "It's like a self-comforting, self-healing moment of solace for me," he said. "No need to keep up with the conversation with office co-workers, which usu
Social AffairsMarch 15, 2016
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North Korea threatens to conduct nuke warhead, ballistic missile tests soon
North Korea said Tuesday that it plans to conduct tests of nuclear warheads and ballistic missiles "in a short time," in an apparent show of defiance in the wake of tougher U.N. sanctions.The threats add weight to speculation that the North may carry out more nuke and missile provocations following its nuclear test and long-range rocket launch earlier this year.North Korean leader Kim Jong-un said that "a nuclear warhead explosion test and a test-fire of several kinds of ballistic rockets able t
North KoreaMarch 15, 2016
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Korean minister calls for Japan to faithfully carry out deal on wartime sexual slavery
South Korea's Cabinet minister in charge of women's affairs said Monday she hopes Japan will faithfully carry out a landmark agreement with South Korea on resolving the issue of Japan's wartime sexual slavery.Gender Equality and Family Minister Kang Eun-hee made the remark to South Korean correspondents in New York, saying that the December agreement with Japan is a done deal and should be respected, though critics raised objections.Kang was in New York as head of Seoul's delegation to a meeting
Foreign AffairsMarch 15, 2016
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Obama calls for effective implementation of North Korea sanctions
U.S. President Barack Obama said Monday that effective enforcement of sanctions on North Korea is one of the key tasks facing the country, along with fighting terrorism and ensuring Iran meets its nuclear commitments.Obama made the remark during an address at a conference of chiefs of U.S. diplomatic missions overseas, saying the U.S. should keep mobilizing the world to meet shared challenges, including strengthening international rules and norms that undergird peace and security."We're going to
North KoreaMarch 15, 2016
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U.S. Treasury Department official to visit China for discussions on N.K. sanctions
A senior U.S. Treasury Department official will visit China and Hong Kong this week to discuss ways to implement sanctions on North Korea, the department said Monday.Acting Under Secretary for Terrorism and Financial Intelligence Adam Szubin will visit Beijing and Hong Kong on Tuesday and Wednesday, the department said in a press advisory.During the trip, Szubin will meet with senior government officials and private sector compliance officers for discussions on a range of issues of mutual intere
North KoreaMarch 15, 2016
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North Korea likely to feature high at Nuclear Security Summit
North Korea is expected to feature high at the upcoming Nuclear Security Summit that U.S. President Barack Obama is set to host later this month as part of efforts to make the world free of nuclear weapons, sources said Monday.In particular, Pyongyang's nuclear pursuit is expected to be the main topic of discussions for a three-way meeting Obama could hold with South Korean President Park Geun-hye and Japanese Prime Minister Shinzo Abe on the sidelines of the nuclear conference, the sources said
North KoreaMarch 15, 2016
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Growing nuclear, missile threats stir debate in U.S. over Korea's nuclear armament
Growing nuclear and missile threats from North Korea have stirred debate in the United States about a topic that has long been considered too nonsensical to even talk about: South Korea going nuclear.American security experts have recently published articles making emphatic cases either for allowing Seoul to seek its own nuclear deterrent or for greater efforts to reassure the Asian ally so as to dissuade it from such a temptation. That appears to suggest that the U.S. may be beginning to feel r
North KoreaMarch 15, 2016
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Growing private equity funds to accelerate corporate restructuring in Korea
Fast-growing private equity funds in South Korea will accelerate restructuring of distressed industries and companies as Korea Inc. faces the challenge of persistent low growth amid strong global headwinds, leading PEF managers said. Buyout activities will rise in the coming years, they predicted. “Buyout investment will increase in the long term, as social demand is growing that (Korean) conglomerates should ease their concentrated business power,” said I.J. Song, CEO of IMM Private Equity, at
March 15, 2016
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Kakao to introduce webtoon-inspired dramas, films in China
Korea’s largest mobile messenger operator Kakao said Monday that five of its webtoons will be remade into movies, TV and Web dramas. Webtoons are comics that are published on mobile and online platforms. The Korean mobile messenger firm has already signed contracts with Huace Group, a Chinese film and TV media group, to remake four webtoons, and the two partners are fine-tuning the contract for a fifth webtoon, according to Kakao. (Clockwise, from left top) “Girl in the Mirror,” “Just One Shot,
TechnologyMarch 15, 2016
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Samsung is 3rd most valuable brand in world
Samsung Group now ranks third in the world in terms of brand value while its archrival Apple remains the most valuable firm for the sixth consecutive year, according to brand consultant Brand Finance on Monday. Apple’s brand value this year, which stood at $145.9 billion, up from $128.3 billion last year, is almost double that of Samsung, which stands at $83.2 billion.The logo of Samsung Group.Samsung, which runs affiliates in various sectors including its flagship Samsung Electronics, saw its b
TechnologyMarch 15, 2016
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Samsung showcases creative products at SXSW
Korean tech giant Samsung Electronics said Monday it would display products developed by the firm’s in-house start-ups during the South by Southwest, or SXSW, Conferences and Festivals, an annual cultural and technology event currently being held in Austin, Texas. The C-Lab is a start-up program the Korean tech giant has run since 2013 for its employees to materialize their ideas into products and services. A user tries out Samsung Electronics’ virtual reality goggles Gear VR and motion headset
TechnologyMarch 15, 2016
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Park warns of strong measures over N. Korea's tyranny
President Park Geun-hye pledged Monday to put pressure on North Korea until Pyongyang drops its nuclear weapons program and ends its tyranny.The communist country has long been accused of pursuing nuclear weapons and ballistic missiles while starving its people and violating their human rights."I will sternly and strongly deal with North Korea... until North Korea embarks on the path toward denuclearization and ends the tyranny of oppressing the human rights of North Korean people and pushing th
PoliticsMarch 14, 2016
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Tax office launches probe on S. Korea's largest church
South Korea's tax office has launched a tax probe on the country's largest church, sources said Monday.According to Yoido Full Gospel Church insiders, the National Tax Service (NTS) has started going through its tax records."The NTS Seoul Regional Office started the tax probe into our church... It has asked us to set up an investigation office at the CCMM building (located in Yeouido, southwestern Seoul)," Reverend Dr. Lee Young-hoon was quoted as saying by several church officials who later rel
March 14, 2016
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Car bomb kills 34, wounds 125 in Turkey
ANKARA (AP) -- A suicide car bomb went off near bus stops in the heart of Turkey’s capital on Sunday, killing at least 34 people and wounding around 125 others, officials said. Two of the dead are believed to be the assailants.A senior government official told The Associated Press that police suspect that Kurdish militants carried out the attack, which occurred on Ankara’s main boulevard, close to ministries. At least one of the bombers was a woman, he said. The official spoke on condition of an
World NewsMarch 14, 2016
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Yun warns of worsened Chinese ties
Foreign Minister Yun Byung-se on Monday warned of deteriorated relations with China this year as the two nations face tensions over the planned stationing of advanced U.S. missile defense assets and Beijing’s support of peace treaty discussions with North Korea.In his opening speech at an annual meeting of chiefs of overseas diplomatic missions, however, he offered an upbeat outlook for an unprecedented gathering with the U.S. and China “in the near future.” Despite concerns over a raft of poten
Foreign AffairsMarch 14, 2016