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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Marines storm Korean beach in massive joint amphibious attack exercise
Donut-shaped olive-green blasts of smoke grenades create a screen to obscure the approach of tracked armored vehicles that come ashore and disembark fully armed South Korean and American Marines onto a beachhead.The soldiers instantly storm the quiet, sandy beach in the small east coastal town of Pohang, South Korea.When the smoke clears, the first wave of troops are in their positions on the beachhead awaiting orders to advance further inland. Following the first wave, another set of troops arr
DefenseMarch 14, 2016
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Five Bacon paintings reported stolen in Madrid
MADRID (AFP) - Five paintings by British artist Francis Bacon worth an estimated 30 million euros ($33.5 million) have been stolen from the Madrid home of their owner, El Pais reported Sunday. Sources close to the investigation said the theft appeared to have been a highly professional operation that took place while the owner was away, with the perpetrators disabling the alarm system. The thieves, who left no trace of their handiwork, had tracked the owner's movements to ensure he did not retu
PerformanceMarch 14, 2016
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Zootopia takes No. 1 in fourth weekend of opening
Disney's animated adventure "Zootopia" rose to the top of local box office in its fourth weekend, ending the two-week reign of a local film about Korean women forced into sex slavery during World War II.After being at No. 3 for three weeks in a row, Zootopia showed a remarkable performance on the weekend of March 11-13, pulling in a whopping 342,917 viewers, according to data from the Korean Film Council.The movie saw a 15.7 percent increase in attendance its fourth weekend bringing the accumula
FilmMarch 14, 2016
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China's acquisitions of Korean businesses spike in 2015
Chinese companies' takeover of Korean businesses spiked last year, with the culture and financial service sectors emerging as their main targets, industry data showed Monday.According to the data compiled by the Korea International Trade Association, Chinese companies took over Korean firms in a total of 33 corporate merger and acquisition (M&A) deals last year, which was about three times more than the previous year. Money involved in those deals came to $1.93 billion, a 128-percent rise from t
March 14, 2016
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Strong foreign buying fuels KOSPI rally
Emboldened by firmer crude prices and hopes for fresh stimulus by major economies, foreign investors have been snapping up Korean stocks this month, driving a market rally, industry watchers said Monday.In the first eight trading sessions of March, offshore investors bought a net 1.9 trillion won ($1.6 billion) worth of local shares, mostly beaten-down large caps, according to data by the Korea Exchange.On Thursday alone, foreign net buying came to 650.9 billion won, the largest single day purch
March 14, 2016
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Tottenham attacker Son Heung-min off men's national team for March matches
Struggling Tottenham Hotspurs winger Son Heung-min has been left off the South Korean men's national football team for two matches scheduled this month.Son was conspicuous by his absence on the 23-man roster announced Monday by head coach Uli Stielike. On March 24, South Korea will host Lebanon in Group G action in the second Asian qualifying round for the 2018 FIFA World Cup.South Korea have already clinched the top seed in the group and will advance to the next and final round of the regional
SoccerMarch 14, 2016
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First edition of Hwang Sok-yong's new essay sold out
Veteran South Korean novelist Hwang Sok-yong's new essay is off to a good start, its publisher said Monday.Five-thousand copies of the first edition of the essay, roughly translated as "Hwang Sok-yong's Rice Thief" went out of stock, Gyoyu Books said.Released on March 2, the book is already on its third edition and firmly remains on the bestseller lists at the country's major bookstores.The novelist said he would donate all of the royalties from the first batch of book sales to relief organizati
BooksMarch 14, 2016
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Mundane home appliances go Internet-smart
Internet connection is working deeper into everyday lives as more home gadgets, small and big, become controllable by smartphones under an industry-wide advance of the Internet of Things (IoT), business watchers said Monday.The latest air purifier marketed in October last year by Coway regularly measures indoor air quality and transmits the measurements to the user via smartphone. It also sends alarms so that the users can turn the device on should fine dust particles or other unwanted pollutant
IndustryMarch 14, 2016
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KEPCO's profitability growing sharply since 2007
Korea's top electricity provider, state-run Korea Electric Power Corp. (KEPCO), enjoyed a sharp improvement in its profitability last year with its margin from selling electricity bought from private firms hitting the highest since 2007, industry data showed on Monday.According to the data, KEPCO sold one kilowatt-hour (kWh) of power at 111.57 won ($0.10) last year, slightly up from the previous year's 111.28 won. In contrast, private electricity firms sold electricity to KEPCO for 84.05 won per
IndustryMarch 14, 2016
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Online markets move to service sales
Online shopping operators are turning to personalized services as they try to differentiate themselves in the teeming industry, taking care of small errands like shoe polishing to more extensive services that include interior remodeling, industry watchers said Monday.Further blurring the online-offline boundary, these operators are taking broader steps by putting together an array of services instead of specializing in a single category like food delivery and cab hailing. Prices range from 6,000
IndustryMarch 14, 2016
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Korea's import, export prices rise in Febuary on oil price recovery
Korea's import and export prices rose from a month earlier in February largely due to a recovery in global oil prices and the devaluation of the local currency against the U.S. dollar, central bank data showed Monday.The export price index came to 81.99 last month, up 0.8 percent from a revised 81.32 the previous month, according to preliminary data from the Bank of Korea (BOK).The on-month gain, however, was mostly attributed to a weakening of the Korean won, which on average traded 1,217.35 wo
March 14, 2016
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Korean shares open higher on Wall Street gains
Korean shares opened higher Monday as investors' appetite for risk assets remained strong following last week's gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.24 points, or 0.32 percent, to 1977.65 in the first 15 minutes of trading. KOSPI (Bloomberg)On Friday, the Dow Jones industrial average advanced 1.28 percent to 17,213.31. The tech-heavy Nasdaq also climbed 1.85 percent to 4,748.47.Large cap stocks, such as techs, chemical and cosmetics companies, wer
March 14, 2016
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Drama 'Signal' concludes with double-digit viewership
The popular crime drama "Signal" has ended with a double-digit viewership, defying the long-held notion that romantic comedies and family dramas are the only genres that can command such popularity in Korea.The finale of the 16-part series was open-ended on Saturday, with criminal profiler Park Hae-young (Lee Je-hoon) and detective Cha Su-hyeon (Kim Hye-soo) learning that officer Lee Jae-han (Cho Jin-woong), who has been missing for 15 years, may actually be alive at a hideout in a nursing facil
TelevisionMarch 14, 2016
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Hidden Korean attractions beckon tourists from home and abroad
Chin Eun-sun, a 27-year-old Korean lecturer at a local college, is like no other Seoulite when it comes to craving a break from the daily grind and taking a few days off to travel.While a rising number of South Koreans, from typical office workers to travel enthusiasts, go abroad to escape from hectic urban life in Asia's fourth-largest economy, Chin, however, says she prefers spending time in quiet provincial areas to standing in long lines at Incheon International Airport."The merit of traveli
TravelMarch 14, 2016
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Orioles' Kim Hyun-soo hits safely in 3rd consecutive game
After going hitless in his first seven spring training games, Kim Hyun-soo of the Baltimore Orioles has now hit safely in three straight games.The South Korean, batting sixth and playing left field, went 1-for-2 with an RBI against the Minnesota Twins at CenturyLink Sports Complex in Fort Myers, Florida, on Sunday.He drove in the Orioles' third run of the first inning with a sacrifice fly off Minnesota starter Ricky Nolasco.After grounding out to second in the third, Kim hit a two-out single in
BaseballMarch 14, 2016
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Iran may still rely on N. Korea for missile materials
Iran advanced its missile development with the help of North Korea, and the Middle Eastern nation may still rely on the communist nation for materials necessary for producing its ballistic missiles, a congressional report has said.The Congressional Research Service raised the suspicion in a recent report, noting that the intelligence community assessed until the latter 2000s that North Korean cooperation with Iran's ballistic missile program was ongoing and significant."Iran has likely exceeded
North KoreaMarch 14, 2016
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Senate bill calls for greater efforts to unite Korean-Americans with long-lost relatives in N. Korea
Two U.S. senators have introduced a bill directing the State Department to prioritize efforts to help realize family reunions between Korean-Americans and their long-lost relatives in North Korea.Sens. Mark Kirk and Mark Warner brought the Divided Families Reunification Act to the Senate on Wednesday, with Sen. Cory Gardner co-sponsoring the legislation, according to congressional records and the office of Kirk.The bill directs the State Department to prioritize discussions with members of the K
North KoreaMarch 14, 2016
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Magnitude 3.1 earthquake strikes N. Korea
A 3.1-magnitude earthquake struck North Korea early Monday, South Korea's state weather agency said.The quake was detected at 5:17 a.m. Monday in an area some 21km east of Songlim, North Hwanghae Province, which lies just north of the border. An official with the Korea Meteorological Administration said no major damage is expected.The quake is not believed to be the result of a nuclear test as the affected area is away from the North's Punggye-ri underground nuclear test site in the country's no
North KoreaMarch 14, 2016
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Hana to turn excess bank offices into rental houses
KEB Hana Bank will turn some of its branch offices into rental houses, its parent Hana Financial Group said Sunday.Eight branches, two in Seoul’s central Jongro and Yongsan districts, will be converted into New Stay rental homes for some 3,000 families this year. Eleven more will be added next year, it said. Hana Financial chairman Kim Jeong-tae (right) poses with Minister of Land, Infrastructure and Transport after agreeing to provide its unused branches for the ministry‘s New Stay rental prog
March 14, 2016
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Lotte Shopping bidding for Vietnam supermarket
Lotte Shopping is exploring the takeover of a discount store chain in Vietnam, seeking a foray into one of the few high-growth markets amid global economic woes. “We’re exploring the acquisition of the Big C retail chain in Vietnam and have participated in a preliminary bid on March 10,” the Seoul-based firm said in a regulatory filing Friday. Owned by French retailer Casino Group, Big C runs 32 outlets across the country. Thailand’s TCC Holding and Central Group are among the suitors who submit
March 14, 2016