Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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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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‘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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KMA chief under pressure after surveyed doctors refuse to back him
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Meditation brings calm to Gwanghwamun
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Hyundai Motor’s China sales plunged in Feb.
Hyundai Motor saw its sales in China fall for a second straight month in February, industry data showed Friday. Hyundai Motor sold 53,326 vehicles in China last month, down 28.1 percent from a year earlier, according to data obtained from the English division of Yonhap News Agency. This set of data is not finalized and may be subject to changes. Compared to a month earlier, sales shrank 29.3 percent. This marked the second straight month of sharp declines following a 27.2 percent on-year fall in
IndustryMarch 4, 2016
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South Korea’s foreign reserves continue to decline
South Korea’s foreign exchange reserves dwindled for the fourth straight month in February due partly to a cut in the value of non-U.S. dollar assets, the central bank said Friday.Foreign exchange reserves stood at $365.76 billion at the end of last month, down $1.54 billion from the previous month according to the Bank of Korea. An employee count outs dollars at a local bank. (Yonhap)Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, along with Int
March 4, 2016
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N. Korea shows new activity at rocket launch site
Recent satellite imagery has shown new activity at North Korea's rocket launch site since last month's long-range missile launch, including possible preparations for a rocket engine test, a North Korea-monitoring website said Thursday.The website 38 North said the imagery showed "an unusual convoy of five small four-meter-long trucks" traveling from the vertical engine test stand at the North's Dongchang-ri site, and the vehicles are believed to be returning from the delivery of supplies, fuel o
North KoreaMarch 4, 2016
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N.K. leader attends test-firing of multiple rocket launcher
North Korean leader Kim Jong-un attended the test-firing of a new multiple rocket launcher, ordering his military to "promptly" deploy the weapons system that can hit major military targets in South Korea, a military source said Friday.Over the last three years, the communist state has test-fired the new multiple rocket launcher a total of 13 times, the source said.On Thursday, the North fired six short-range projectiles toward the East Sea, apparently in anger over the United Nations' adoption
North KoreaMarch 4, 2016
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Bourse operator launches probe into Doosan shares spike
South Korea's bourse operator said Friday it has launched a probe into the trading of Doosan Group shares over possible unfair practices after they surged right before the announcement of the new chief.At around 2:40 p.m. on Wednesday, the country's power equipment and construction conglomerate said Park Jeong-won, chairman of the group's de facto holding firm Doosan Corp., was designated to be the group's new chairman to replace Park Yong-maan.In the late morning trades of the day, Doosan share
IndustryMarch 4, 2016
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Korea, U.S. launch formal talks on THAAD deployment
South Korea and the United States officially launched a joint working group Friday to discuss the idea of deploying an advanced missile defense shield in the Northeast Asian country, the Defense Ministry here said.The joint group is scheduled to hold its inaugural meeting later in the day at the Ministry of National Defense. The sides are co-headed by the South Korean ministry's Director General Maj. Gen. Jang Kyung-soo and U.S. Forces Korea's Maj. Gen. Robert Hedelund.After years of speculation
DefenseMarch 4, 2016
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Actor Park Bo-gum to take on period drama after 'Reply 1988'
Actor Park Bo-gum, a Korean prodigy from the recent tvN drama "Reply 1988," is to be the leading man in an upcoming period drama, his agency said Friday.Park will play the crown prince in KBS 2TV's "Moonlight Drawn By Clouds," which premieres in the latter half of this year, Blossom Entertainment said.The series, based on a web novel of the same name, tells a love story of crown prince Hyomyung in the late Joseon Dynasty."It's a coming-of-age story set in the Joseon period, for which no historic
TelevisionMarch 4, 2016
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North Korea leader orders nuclear arsenal on 'standby'
Leader Kim Jong-Un has ordered North Korea's nuclear arsenal readied for pre-emptive use at anytime, in an expected ramping up of rhetoric following the UN Security Council's adoption of tough new sanctions on Pyongyang.The North's nuclear warheads must be deployed "on standby so as to be fired at any moment," Kim was quoted as saying by the North's official KCNA news agency on Friday.He also warned that the situation on the divided Korean peninsula had become so dangerous that the North needed
North KoreaMarch 4, 2016
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U.S. does not rule out ‘parallel process’ of peace treaty, nuclear talks with N.K.
The United States does not rule out the possibility of pursuing a "parallel process" by which it holds peace treaty talks with North Korea in tandem with denuclearization negotiations, the State Department spokesman said Thursday."We haven't ruled out the possibility that there could sort of be some sort of parallel process here," State Department spokesman John Kirby said at a regular briefing. "But, and this is not a small 'but,' there has to be denuclearization on the peninsula and work throu
North KoreaMarch 4, 2016
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N. Korea‘s firing of barrage of projectiles underscores importance of U.N. sanctions
North Korea's firing of a barrage of projectiles into the East Sea underscores the importance of the new U.N. resolution imposing new sanctions on Pyongyang and its stringent implementation, the State Department said Thursday.The North fired six short-range projectiles off its east coast Thursday in an apparent gesture of defiance just hours after the U.N. Security Council unanimously adopted the harshest-ever sanctions on Pyongyang for carrying out its fourth nuclear test on Jan. 6 and its long
North KoreaMarch 4, 2016
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Trump would 'pick fights' with S. Korea, Japan if elected: Washington Post
U.S. Republican presidential front-runner Donald Trump, if elected, would "pick fights" with South Korea and Japan over the cost of American troop presence in the allies, the Washington Post said, warning of foreign policy troubles Trump's presidency could bring about."The Trump foreign policy ... is that the United States' long-standing relationships and alliances are stacked against it, and that they must be downgraded, renegotiated or abandoned," the paper said in an editorial, titled "A Pres
DefenseMarch 4, 2016
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U.S. closely monitoring situation after N. Korea fires off barrage of projectiles
The United States said Thursday it is closely monitoring the situation on the Korean Peninsula after North Korea fired off a barrage of projectiles into the East Sea in an apparent gesture of defiance following the United Nations' imposition of new sanctions."We have seen the reports and will continue to monitor the situation closely. For more details, we refer you to the government of the Republic of Korea," State Department spokesman Ory Abramowicz told Yonhap News Agency in response to a quer
North KoreaMarch 4, 2016
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S. Korea, Egypt agree on infrastructure investment
South Korea and Egypt agreed Thursday to beef up cooperation in infrastructure development worth US$3.6 billion, paving the way for Seoul to make inroads into the fast-growing North African country.President Park Geun-hye and her Egyptian counterpart, Abdel Fattah el-Sisi, reached an agreement at a summit here, Cheong Wa Dae said.The presidential office said the two leaders were present for the signing of nine memorandums of understanding calling for Seoul's participation in Egyptian infrastruct
Diplomatic CircuitMarch 3, 2016
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Foreign Minister skips 'comfort women' issue at U.N. session
Foreign Minister Yun Byung-se made no mention of Japan's wartime sexual enslavement of Korean women while addressing the United Nations this week, triggering fresh controversy at home about the government's handling of the issue.In a keynote speech on Wednesday before the U.N. Human Rights Council in Geneva, Yun deplored the human rights situation in North Korea, saying many North Koreans are risking their lives in search of "freedom and human dignity."The speech was also expected to touch on th
InternationalMarch 3, 2016
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Sportswear brands target women
Rihanna for PumaPumaSportswear brands, conventionally marketed as masculine, are striving to tap into the womenswear market, armed with vivid colors and sleek design on top of women-only events. They are seeking to ride on “athleisure” -- a combination of “athletic” and “leisure” – a fashion trend in which clothing is designed not just for athletic workouts but is also fashionable and can be worn on other occasions. According to the Korea Research Institute or Fashion Industry’s report, women’s
IndustryMarch 3, 2016
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E-mart, SM Entertainment launch private brand together
People hold EXO jjajangmyeon from the SM Entertainment and E-mart collaboration line at an E-mart store in Seoul. E-martE-mart on Wednesday launched a brand inspired by the artists signed to SM Entertainment, one of Korea’s most influential showbiz agencies. E-mart, which is run by the Shinsegae Group, is the country’s largest discount store chain. The “SM X E-mart” collection comprises of 14 food items endorsed by SM entertainers. This includes jjamppong, a spicy noodle soup, and jjajangmyeon,
IndustryMarch 3, 2016
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Sewol vice principal’s suicide ruled not ‘honorable death’
(Yonhap)South Korea’s top court ruled Thursday that the suicide of the vice principal of Danwon High School, which had been attended by 250 victims of the Sewol ferry disaster, cannot be considered death in the line of duty.The Supreme Court upheld earlier rulings that had rejected the request from the bereaved family of Kang Min-kyu, who was 52 years old when he died, seeking compensation entitled to public servants who die on the job. Kang, one of the survivors from the nation’s biggest mariti
Social AffairsMarch 3, 2016
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Bill passed to tighten airport borders
South Korea’s parliament has passed a revised bill to prescreen air passengers as part of efforts to block terrorist suspects from entering the country, the Justice Ministry said Thursday. The National Assembly passed the revision to the immigration control law late on Wednesday. It requires airlines to receive permission from the nation’s immigration office before issuing plane tickets, the ministry said in a press release. (Yonhap)The immigration office will receive a list of passengers from
Social AffairsMarch 3, 2016
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KT aims for home IoT leadership
South Korean telecom carrier KT said Thursday that it aims to become a major force in the nascent Internet of Things market with its creative health care services that incorporate an element of fun. “With the IoT market getting bigger and bigger, it should be supported by related infrastructure. Based on its widespread telecom and IPTV network, KT aims to become No. 1 in the home IoT market,” said KT’s IoT chief Song Hee-kyung at a press conference in Seoul. KT’s IoT chief Song Hee-kyung (right)
TechnologyMarch 3, 2016
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Parties gear up for a post-filibuster fight
Rival parties are gearing up for a full-fledged battle for the next National Assembly, regrouping after spending more than a week in intense legislative deadlock brought about by the oppositions’ record-breaking filibuster. While the main opposition The Minjoo Party of Korea seeks to use the filibuster as political leverage, the ruling Saenuri Party is set on putting the blame for the legislative lull on its rival. The Saenuri Party accused the opposition of derailing the passage of business l
PoliticsMarch 3, 2016