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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Opposition mulls delay of financial investment income tax
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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Immigration policy must go beyond labor supply: experts
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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China consumer inflation jumps in February
BEIJING (AFP) -- China's consumer inflation jumped to 2.3 percent in February, its highest in nearly two years, official data showed Thursday, in a positive sign for demand in the world’s second-largest economy.Food prices surged during the annual Lunar New Year holiday, with pork prices jumping 25.4 percent year-on-year, and vegetables up a hefty 30.6 percent.The rise in the consumer price index released by the National Bureau of Statistics was the largest since July 2014, and came in ahead of
World BusinessMarch 10, 2016
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Couple arrested for abusing 2-month-old daughter
Police on Thursday arrested a couple in their 20s who are suspected of letting their 2-month-old daughter die by not taking her to the hospital after she suffered an injury at their home in Bucheon, Gyeonggi Province.According to the police, the 22-year-old father is suspected of pushing the baby off the bed and leaving the injured child on the floor for more than 10 hours without getting her necessary medical attention. The infant died early Wednesday morning. Police said the father had also in
Social AffairsMarch 10, 2016
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Samsung Medison to name new CEO from Samsung Electronics
Sonogram maker Samsung Medison will appoint Jun Dong-soo, medical device unit leader of Samsung Electronics, as its new CEO, according to news reports on Thursday. Jun’s appointment will be reportedly made official on Friday at the board of directors’ meeting. He is also expected to be listed as Medison’s internal director at the shareholders’ meeting on the same day. Jun Dong-sooMedison declined to comment on the news. The appointment of Jun, one of the key men inside the country’s largest bus
IndustryMarch 10, 2016
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Hyundai Motor extends coprosperity drive
Hyundai Motor Group said Thursday it has extended its initiative to grow together with its vendors for another year.In an agreement with the Fair Trade Commission, officials from the automotive group pledged to build a cooperative ecosystem for the group and its small vendors.The nation’s anti-trust body has made such fair trade agreements with major conglomerates since 2007. Hyundai Motor Group joined the FTC’s “economic democratization” initiative in 2008, pledging to encourage its affiliates
MobilityMarch 10, 2016
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Drama 'Signal' to reveal conspiracy behind brother's death
The local TV drama "Signal," which concludes this weekend, is set to unravel the mysterious death of protagonist Park Hae-young's brother.The time-travel epic has been another addition to tvN's growing arsenal against terrestrial networks. The show starring actor Lee Je-hoon and actress Kim Hye-soo broke 10-percent viewership, which is considered meaningful for cable shows, on its 11th episode.In "Signal," criminal profiler Park and detective Lee Jae-han, who lives in the past, realize they are
TelevisionMarch 10, 2016
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Korean Go player joins ruling party
Renowned South Korean Go player Cho Hoon-hyun joined the ruling Saenuri Party on Thursday, apparently hoping to win a proportional representation ticket in the April general elections.Cho, a ninth-dan player who went pro at the age of 9, said he decided to join the party to work for the broader Go community and its players.The 63-year-old holds the world record on professional wins with 160.Go, known as "baduk" in Korea, originated in China more than 2,500 years ago. It involves two players alte
PoliticsMarch 10, 2016
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Korea deploys anti-aircraft missiles along maritime border
South Korea has deployed a newly developed anti-aircraft missile system along the maritime border with North Korea in the Yellow Sea, a military official said Thursday."The surface-to-air guided missile system, Cheongung, was placed in the northwest islands area early this year to defend it from North Korean aircraft," the military official said, asking not to be named.The system can intercept North Korean airplanes or other hostile aircraft penetrating into South Korean airspace with almost no
DefenseMarch 10, 2016
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Korea's ICT exports dip 9.8% in Febuary
Korea's exports of information communication technology (ICT) goods dropped almost 10 percent last month, led by a continued slump in sales of semiconductors and displays, government data showed Thursday.But the pace of decline slowed last month on the back of an increase in outbound shipments of mobile devices, according to the data compiled by the Ministry of Trade, Industry and Energy. Samsung Galaxy S7 (Yonhap)The ICT exports of Asia's fourth-largest economy dropped 9.8 percent to $11.4 bill
IndustryMarch 10, 2016
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Chinese investment, double-edged sword for Korean gamemakers
For Korea and China, the online game market is not only a new stage for strategic partnerships but also an emerging battlefield.Chinese firms, armed with massive capital, are rushing to Korea known for its advanced tech industry.It provides some local developers with a much-awaited investment but poses a 'life-or-death' threat to smaller ones in a war of money, market watchers say.Earlier this week, NHN Entertainment, a Korean internet giant, announced plans to sell a 19.24-percent stake in its
IndustryMarch 10, 2016
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Korea lowers barrier on issuing trade visas
Korea will relax requirements for issuing trade visas starting next week in an effort to increase exports of domestic products, the government said Thursday.The Ministry of Justice said a points system will be introduced from Monday to issue D-9-1 visas to overseas traders who perform export and import activities in Korea.Previously, the visa type was only provided to those who have a trade performance of $500,000 a year or more, the ministry said in a press release.With the new system, the mini
BusinessMarch 10, 2016
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Korea's foreign currency deposits fall to 23-month low in Feb.
Foreign currency deposits at banks continued to shrink in February due to a large cut in deposits held by local firms, central bank data showed Thursday.Outstanding foreign currency deposits held by local residents came to $53.47 billion at the end of last month, down $2.13 billion from the previous month, according to the data from the Bank of Korea (BOK).The February reading marks the lowest level since $51.1 billion tallied in March 2014, as well as the fourth consecutive month of on-month de
March 10, 2016
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Samsung showcases Galaxy S7 on home turf
Samsung Electronics Co. showcased its latest flagship smartphones in South Korea on Thursday, with price tags hovering below their predecessors in an apparent bid to better compete with rivals and improve its ailing smartphone business.The world's top smartphone maker said the local price of the 32 gigabyte (GB) Galaxy S7 will be 836,000 won ($690), compared with the initial price of 858,000 won for the 32GB Galaxy S6.That of the 32GB Galaxy S7 Edge stands at 924,000 won, also down 5.6 percent f
TechnologyMarch 10, 2016
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Antitrust watchdog fines 172 firms for disclosure violations
South Korea's antitrust watchdog said Thursday that it has slapped a combined 815 million won ($672,720) in fines on 172 affiliates of large business groups for regulatory filing violations last year.Sixteen affiliates of Lotte Group were fined a combined 135.5 million won and 12 companies under the arm of SK Group were booked92.6 million won in penalties for not properly reporting to authorities about their intra-affiliate business deals, according to the Fair Trade Commission (FTC).The deals i
March 10, 2016
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Public firms to launch mega projects in 2016
Four state-run companies will carry out 21 trillion won (US$17.3 billion) worth of projects in 2016 as part of the government-led stimulus to boost the local property market and the entire economy, the ministry said Thursday.The public firms will order 1,689 new projects, such as building new apartment complexes and highways, this year, with the total value reaching 20.9 trillion won, up 7 percent from 19.5 trillion won a year earlier, according to the Ministry of Land, Infrastructure and Transp
March 10, 2016
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AOA to release fourth Japanese single
K-pop girl group AOA will release its fourth Japanese single “Give Me the Love” on April 20, the group’s agency FNC Entertainment announced Wednesday. The track depicts the story of a woman who cannot help but keep falling in love. K-pop girl group AOA (FNC Entertainment) The group’s new single is garnering attention as a Korea-Japan crossover featuring a famous Japanese solo musician Takanori Nishikawa, who performs under the name T.M Revolution. Nishikawa, who debuted in 1996, presents a uniqu
PerformanceMarch 10, 2016
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‘Renegade’ rule mom Heather Shumaker is back with new book
NEW YORK (AP) -- Homework? Ban it! Circle time? It’s not for every kindergartner. Forced sharing? How about letting a kid play with a toy until she’s done? Those are just a few of the ideas that Heather Shumaker advocates as “renegade” in a new book, “It’s OK to Go Up the Slide,” an extension of her first parenting guide, “It’s OK Not to Share.” Shumaker is the mom of two boys, ages 11 and 8, in Traverse City, Michigan. As a youngster, she was a student where her mother taught for 40 years in Co
BooksMarch 10, 2016
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SNSD’s Yoona to release first solo track
Yoona, a member of popular K-pop girl group Girls’ Generation, will release her first solo track since debuting with the group nine years ago, the group’s agency SM Entertainment said Wednesday. “Deoksugung Stonewall Walkway,” the fifth song to be introduced on digital music channel Station, was set to be released at midnight. K-pop girl group Girls’ Generation member Yoona (SM Entertainment) The song, urban pop music featuring the gentle sound of piano and acoustic guitar, concerns the lore tha
PerformanceMarch 10, 2016
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Pyongyang to nullify inter-Korean projects, liquidate Seoul‘s assets
North Korea said Thursday it will nullify all cross-border agreements on economic cooperation and liquidate South Korean assets in the country in response to Seoul's latest sanctions. "From this moment, we will view all agreements which the two Koreas have made on economic cooperation and exchanges as invalid," said a spokesman at the committee for handling inter-Korean affairs.The North also said that it will sell off all assets by South Korean companies in North Korea, pointing to the South's
North KoreaMarch 10, 2016
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Historical drama 'Jang Yeong-sil' exported to 12 countries
A historical television drama on a great scientist in the Joseon Dynasty has been exported to 12 countries, including Japan and China, its producer said Thursday."Jang Yeong-sil: The Greatest Scientist of Joseon," which is now being aired by the terrestrial channel KBS-1, has attracted a wide range of viewers at home and abroad.As the first historic science drama that has been produced in Korea, it depicts the successful life story of the scientist Jang Yeong-sil that contributed to the developm
TelevisionMarch 10, 2016
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Korean swimming body chief to resign amid corruption scandal
The head of South Korea's top swimming governing body will submit his resignation this month following its executives' corruption scandals, a national swimming official said Thursday. According to the Korea Swimming Federation official, who asked not to be named, KSF President Lee Ki-heung said at a Tuesday meeting with executives from regional swimming federations that he will resign from his post.The 61-year-old also pushed to hold a board meeting and general assembly in Jeju on March 18 to di
Social AffairsMarch 10, 2016