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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Immigration policy must go beyond labor supply: experts
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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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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Korean economy enters slowing mode: KDI
The Korean economy has entered a slowdown mode due largely to faltering exports and flaccid domestic consumption coupled with waning global demand, a state-run think tank said Monday."Korea's major indicators exhibited continuing sluggishness, signaling a gradual deceleration in economic growth," the Korea Development Institute (KDI) said in its monthly evaluation of the country's economic conditions."Exports declined continuously due to slowing global growth. As a result, mining and manufacturi
March 7, 2016
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Geopolitical tensions could hamper enforcement of new N.K. sanctions
Growing geopolitical tensions stemming from the potential dispatch of an advanced U.S. missile defense system to the Korean Peninsula could pose a hurdle to enforcing newly adopted U.N. sanctions on North Korea, analysts here said Monday.The United States has been mired in an increasingly intense spat with China and Russia over the proposed deployment of a Terminal High-Altitude Area Defense system as Beijing and Moscow have categorically opposed it on the grounds that it would hurt their securi
North KoreaMarch 7, 2016
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Big Bang wraps up world tour amid fanfare, hints at next concert
Big Bang, arguably K-pop’s biggest and edgiest boy band, wrapped up its worldwide “MADE” concert series amid much fanfare on Sunday evening at Seoul’s Olympic Stadium. During the last show of the tour, the five-member boy band performed 19 songs, including some of its most recent releases “Bang Bang Bang” and “Bae Bae,” in addition to the group’s more seasoned hits such as “Fantastic Baby” and “Lies.” The members also showcased solo releases, with T.O.P, Taeyang and G-Dragon staging “Doom Dada,
PerformanceMarch 7, 2016
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AhnLab Receives ICSA Labs Excellence in Information Security Testing Award
AhnLab, Korea’s leading cybersecurity company, today announced it has been named a 2016 Excellence in Information Security Testing Award recipient by ICSA Labs for successful completion of 5 years of continuous ICSA Labs information security testing. (AhnLab)The Excellence in Information Security Testing (EIST) Award recognizes clients that have continually tested their products for 5 years and maintained their information security certification with ICSA Labs. ICSA Labs' clients benefit by work
IndustryMarch 7, 2016
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Kia denies report on auto plant project in India
Hyundai Motor Group denied a local new report on Monday that Kia Motors -- one of its two auto units alongside Hyundai Motor -- is mulling a plan to build a plant with an annual production capacity of 300,000 units in India. The reports also mentioned Tada in the state of Andhra Pradesh as the strongest candidate for the site location.“India is one of countries Kia inspected for an overseas plant, following its investment in Mexico, but nothing has been decided yet for the Indian project,’’ an o
MobilityMarch 7, 2016
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Seoul to announce new N.K. sanctions Tuesday
South Korea said Monday that it plans to unveil a fresh set of unilateral sanctions against North Korea on Tuesday, which would likely include a port entry ban, as it seeks to ratchet up pressure on its wayward neighbor in line with the latest U.N. resolution. The announcement will be made by Lee Suk-joon, minister of the Office for Government Policy Coordination, with the participation of foreign and unification ministries and other agencies, the office said. The new measures are expected to be
North KoreaMarch 7, 2016
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Korean shares up 0.3 percent in late morning
Korean share prices rose 0.3 percent late Monday morning on gains in chemicals, oil refiners and finance firms.The benchmark Korea Composite Stock Price Index was trading 0.31 percent higher at 1961.61 points as of 11:40 a.m. South Korean share prices are displayed on an electronic board at the Korea Exchange in Seoul. (Yonhap)Top market cap Samsung Electronics edged up 0.41 percent. LG Chem, the country’s leading chemicals firm, rose 0.34 percent and top oil refiner SK Innovation added 3.34 per
March 7, 2016
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Korea's industrial landscape shifts from manufacturing to service
Korea's industrial landscape has moved from manufacturing to service-driven businesses over the past decade as the shipbuilding and construction sectors have suffered from a prolonged global slump, data showed Monday. The top five sectors of the nation's 100 largest companies by market value in 2015 were in the service, petrochemical, construction, IT and retail industries, according to the data compiled by market researcher CEO Score. In 2006, shipbuilding, engineering, construction, tech and p
IndustryMarch 7, 2016
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BOK likely to hold key rate steady in March: poll
Korea's central bank will likely hold its policy rate steady for another month in March amid growing concerns over mounting household debts, a poll showed Monday.In a poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 11 out of 19 economists surveyed projected the Bank of Korea (BOK) to keep its key rate frozen at 1.5 percent at its monthly rate-setting meeting scheduled for Thursday. Bank of Korea (Yonhap)The BOK has stood pat on its key rate since June after slashi
March 7, 2016
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Korea, U.S. begin largest-ever military drills on striking N.K. leadership
South Korea and the United States kicked off their largest-ever annual joint military exercises on Monday with a special focus on bolstering the allies' wartime capability to launch precision strikes on North Korea's top leadership, officials said Monday.The Key Resolve and Foal Eagle exercises, each a command post-based and field training war game, began their weeks-long schedules amid escalating military tensions between South and North Korea following Pyongyang's nuclear and long-range missil
DefenseMarch 7, 2016
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South Korea to unveil its own sanctions on North Korea this week
South Korea said Monday it will announce its own punitive steps against North Korea this week over its latest nuclear and missile tests, lending support to tougher United Nations Security Council sanctions.The government plans to unveil its sanctions against the North on Tuesday afternoon in response to North Korea's nuclear test in January and long-range locket launch last month, according to the Prime Minister's Office.Measures under review are believed to include an entry ban on vessels that
North KoreaMarch 7, 2016
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Korea to kick off dinosaur exposition in April
An international dinosaur exposition will kick off next month to display rare fossils and vivid models of the extinct animal species using state-of-the-art media technology, organizers said Monday.The Gyeongnam Goseong Dinosaur World Expo will begin on April 1 for a 73-day run in Goseong, located about 466 kilometers south of Seoul. Goseong is known for its quantity and variety of dinosaur fossils with more than 4,000 dinosaur footprints.More than 1,900 fossilized footprints of dinosaurs are loc
PerformanceMarch 7, 2016
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North Korea omitted from China's 5-year economic plans: document
Economic cooperation projects between North Korea and China were omitted from China's five-year economic plans, a document by Beijing's top economic planner showed Monday, an indication that may represent China's displeasure over Pyongyang's defiant pursuit of nuclear weapons. The document was presented by China's National Development and Reform Commission at the opening of the annual session of the National People's Congress, China's rubber-stamp parliament, on Saturday. According to the docume
North KoreaMarch 7, 2016
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Host Korea looking to extend short track dominance at worlds
South Korea will look to extend its dominance in short track speed skating when it hosts the sport's world championships this week.The International Skating Union World Short Track Speed Skating Championships will be held from Friday to Sunday at Mokdong Ice Rink in the nation's capital. South Korea is staging the competition for the third time.Choi Min-jeong, a 17-year-old sensation, is the defending women's overall champion and will try to become the first South Korean since Jin Sun-yu (2005-2
More SportsMarch 7, 2016
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KBS sweeps weekly viewership, tvN leads cable with 'Signal'
Terrestrial network KBS beat rivals MBC and SBS in three of the most popular drama time slots with "Sweet Home, Sweet Honey," "Five Children" and "Descendants of the Sun," data showed Monday."Sweet Home, Sweet Honey," a KBS 1TV family drama, was viewed by 26.5 percent of TV homes between last Monday to Sunday, Nielsen Korea data showed. MBC's "Beautiful You," on the same Monday-Friday night time slot, finished with roughly half that viewership at 13.2 percent.On the weekend drama front, KBS 2TV'
TelevisionMarch 7, 2016
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Toughened drug testing protocols put gov't, sports leagues at odds
When a law giving the government full control of doping tests for all athletes passed the parliament last fall, it was with an attitude of grudging resignation that the professional federations accepted toughened protocols.The Sport Promotion Act came into effect on Nov. 19 on the heels of positive drug tests in pro baseball, football and volleyball. By that time, though, baseball, the nation's most popular sport, had already wrapped up its regular season, and football, the second biggest pro sp
More SportsMarch 7, 2016
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Twins' Park Byung-ho hits grand slam for first U.S. homer
The Minnesota Twins' Park Byung-ho hit a grand slam for his first home run in the United States on Sunday.Batting sixth, the Korean slugger crushed one off Tampa Bay Ray's right-hander Jake Odorizzi in the first inning of their preseason game in Port Charlotte, Florida. The Twins won the game 5-4.It was the first long ball of the spring for Park, who joined the Twins on a four-year, $12 million deal after they won the posting bid for him with a $12.85 million bid. Park had been one of the most f
BaseballMarch 7, 2016
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North Korea could react to sanctions with military clashes, cyberattacks, suspension of U.N. membership: expert
North Korea could respond to the new U.N. sanctions with military clashes with South Korea, cyberattacks, expulsion of diplomats of sanctions-supporting countries and even suspension of its own U.N. membership, a Russian expert said Sunday.Georgy Toloraya, director of Korean Programs at the Institute of Economy at the Russian Academy of Science, made the prediction, saying Pyongyang's reaction to the sanctions resolution could be "harsh" as it came just a few months before the North holds a cong
North KoreaMarch 7, 2016
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Obama mourns passing of former U.S. first lady Nancy Reagan
U.S. President Barack Obama on Sunday mourned the passing of Nancy Reagan, the wife of late former President Ronald Reagan, saying she redefined the role of first lady.The former first lady died Sunday of congestive heart failure at her home in Los Angeles at the age of 94, her spokeswoman Joanne Drake of the Ronald Reagan Presidential Library said in a statement. She will be buried at the library in Simi Valley, California, next to her husband who died in 2004, Drake said."Nancy Reagan once wro
InternationalMarch 7, 2016
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North Korea threatens to launch offensive against South Korea-U.S. military drills
North Korea threatened Monday to launch an all-out offensive against South Korea and the United States over their annual military drills in the latest warning amid heightened tension on the Korean Peninsula."The army and people of the (North) will take military counteraction for preemptive attack so that they may deal merciless deadly blows at the enemies," the North's powerful National Defense Commission said in an English-language statement carried by the country's official Korean Central News
North KoreaMarch 7, 2016