Most Popular
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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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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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KMA chief under pressure after surveyed doctors refuse to back him
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Meditation brings calm to Gwanghwamun
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Samsung, SK hynix post record mobile DRAM market share
Korean chip giants Samsung Electronics and SK hynix posted a record share of the global mobile dynamic random access memory market in the fourth quarter of 2015, data showed Monday.According to the data compiled by DRAMeXchange, Samsung Electronics had a 58.2 percent market share, followed by SK hynix with 26.1 percent.It marked the third consecutive quarter for the Korean firms to set a new record with their combined market shares.U.S.-based Micron Technology was next with 14.3 percent in the f
IndustryFeb. 22, 2016
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K.J. Choi posts second top-five finish on PGA Tour in Feb.
South Korean veteran Choi Kyoung-ju tied for fifth at the Northern Trust Open on the PGA Tour in California on Sunday, the second time he's ranked in the top five on the tour this month.Choi, better known as K.J. Choi in the United States, started out hot before fading away to a two-under 69 in the final round at Riviera Country Club in Pacific Palisades, California, and ended at 12-under 272 for the tournament, tied with Marc Leishman in fifth.Choi, an eight-time PGA Tour winner, is still looki
GolfFeb. 22, 2016
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U.S., N. Korea had exchanged views over peace treaty talks: source
The United States had exchanged views with North Korea over Pyongyang's proposal to hold peace treaty talks, but no agreement was reached as Washington insisted that denuclearization should be the top priority for such talks, a diplomatic source said Sunday.The exchange took place via the North's mission to the United Nations, known as the "New York channel," after North Korea renewed its calls for peace treaty talks with the U.S. to formally end the 1953 armistice that halted the Korean War, th
North KoreaFeb. 22, 2016
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IS blasts kill more than 140 as US, Russia press Syria truce
(Yonhap)A string of suicide bombings near a Shiite shrine outside Syria's capital and in Homs claimed by jihadists killed at least 142 people Sunday, as Washington and Moscow worked to secure a ceasefire.The Islamic State group said it was behind the carnage.US Secretary of State John Kerry said a provisional deal had been reached on the terms of a truce in Syria's brutal five-year conflict, only for the bloodshed to intensify on the ground.Near Damascus, a car bombing followed by two consecutiv
World NewsFeb. 22, 2016
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Korean shares open lower on profit-taking
Korean stocks opened slightly lower Monday as investors tried to lock in profits from last week's gains on lingering concerns about the global economy and a slump in oil prices. The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.59 points, or 0.14 percent, to 1,913.65 in the first 15 minutes of trading.Market heavyweights were in negative terrain across the board. Market bellwether Samsung Electronics inched down 0.08 percent, and top automaker Hyundai Motor lost 1.01 percent.LG Elec
Feb. 22, 2016
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Senior U.S. diplomat to visit S. Korea for possible THAAD talks
A senior U.S. diplomat handling missile defense will visit Seoul next week for meetings with defense, foreign affairs and American military officials, the State Department said, suggesting the trip is related to the proposed deployment of the THAAD missile defense system to the South.Frank Rose, assistant secretary of state for arms control, verification and compliance, will be in Seoul from March 4-6 "for meetings with the Ministry of Defense, the Ministry of Foreign Affairs, U.S. Forces Korea,
DefenseFeb. 22, 2016
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Lamborghini restarts engines for growth with new dealer, new model
Andrea Baldi, head of the Asia-Pacific region at Lamborghini, makes a presentation of the company and its business before unveiling Huracan LP 580-2 at the launch event in Seoul, Friday. SQDA Motors The yellow colored Lamborghini 580-2, a two-wheel drive version of the Huracan SQDA Motors Sales of Lamborghini sports cars came to a standstill last year not because of the prolonged economic slowdown in Korea but because of financial difficulties faced by its Korean car dealer Charmzone. This
MobilityFeb. 22, 2016
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Indonesia awards Korean admiral with top honor
Korean Admiral Jung Ho-sub was conferred Indonesia’s highest naval award, Bintang Jalasena Utama, in a ceremony at the embassy in Seoul last week. In the presence of diplomatic and naval officers of both countries, Indonesian Ambassador John Prasetio honored the Korean chief of naval operations for his contributions to enhancing bilateral naval ties through capacity building, technical training and arms procurement. Some of Jung’s achievements include facilitating naval academy exchange between
Foreign AffairsFeb. 22, 2016
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Iran welcomes investments after nuclear deal
The Iranian Embassy last week celebrated the 37th anniversary of the Islamic Revolution as well as the recent resolution of the country’s nuclear agreement, opening the doors for cooperation with Korea. In 1979, Iranians led a series of demonstrations to unseat the dictatorial Pahlavi dynasty and established an Islamic Republic based on a modern culture and religious democracy, said Iranian Ambassador to Korea Hassan Taherian at a reception in Seoul. Particularly this year, he added, the anniver
Foreign AffairsFeb. 22, 2016
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Azerbaijan commemorates Khojaly massacre
Jean-Yves Yunet, a French journalist who witnessed the massacre that occurred on the night of Feb. 25, 1992, in the town of Khojaly in Azerbaijan, later said: “I heard a lot about wars, the cruelty of Nazis, but Armenians went beyond them, killing 5- or 6-year-old children, innocent people. We saw a lot of injured people in hospitals, carriages, even in kindergartens and school buildings.”In the course of a war waged by Armenia against Azerbaijan that started in 1988, Armenian armed forces, enli
Foreign AffairsFeb. 22, 2016
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ASEAN, Korea envisage engagement
The ASEAN-Korea Center held a reception last week to celebrate its seventh anniversary and eighth annual council meeting, on the back of the Association of Southeast Asian Nations Community launched at the end of last year. The reception at Lotte Hotel in Seoul on Thursday drew ASEAN Council members who flew to Korea for the event as well as diplomats and scholars from both sides. Korea’s Deputy Minister for Political Affairs Kim Hong-kyun said in a speech that the community’s inauguration was “
Foreign AffairsFeb. 22, 2016
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LG unveils G5 modular smartphone
LG Electronics on Sunday unveiled its latest flagship smartphone G5, touting it as the industry’s first modular type smartphone with a “Magic Slot” for enhanced camera and sound functions. “With the new phone, LG will create its own fandom culture among users,” said LG’s mobile chief Cho Juno during the official debut at World Mobile Congress in Barcelona.The G5 has an accessory slot at the bottom, which allows users to swap in different modules. The camera module, called “LG Cam Plus,” includes
TechnologyFeb. 21, 2016
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Four S. Koreans killed in Laos car accident
Four South Koreans were killed and two others were critically injured in Laos Sunday when their mini-bus collided head-on with a bus, Seoul's Foreign Ministry said.The accident took place in the Kasi area north of Vientiane, leaving the Laotian driver dead as well.The mini-bus was carrying six South Koreans. Three women and one man, all in their 50s or 60s, are dead, the ministry said. A man and a woman with similar ages were injured.They were among a group of South Korean Buddhists visiting Lao
Social AffairsFeb. 21, 2016
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U.S., China narrow gap on U.N. resolution against N. Korea
The United States and China are in a critical phase in their drawn-out talks on the level of U.N. punishment against North Korea for its nuclear and missile provocations, government sources here said Sunday."The two sides have made considerable progress in core contents" of the envisioned U.N. resolution, a source said, requesting anonymity.South Korean officials expect a draft resolution to be circulated to the other members of the U.N. Security Council within this week.But they remain cautious
North KoreaFeb. 21, 2016
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Kerry: 'Provisional agreement' reached on Syria ceasefire
Secretary of State John Kerry said Sunday that a "provisional agreement” has been reached on a cease-fire that could begin in the next few days in Syria's five-year civil war.Kerry said he spoke in the morning with Russian Foreign Minister Sergey Lavrov to discuss terms of a ceasefire and the two now must reach out to the parties in the conflict. "There is a stark choice for everybody here,” Kerry said. He declined to go into the details of the agreement because all parties need to be fully cons
World NewsFeb. 21, 2016
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[Newsmaker] Lagarde: Trailblazer with a knack for straight talk
Five years ago Christine Lagarde smashed through the glass ceiling at one of the world’s leading institutions, becoming the first woman to head the International Monetary Fund.International Monetary Fund Managing Director Christine Lagarde (Xinhua)Some had questioned her lack of credentials as an economist. But, as she plunged into the Greece crisis to prevent a meltdown of the eurozone, doubts were quickly swept aside.On Friday the French lawyer and former finance minister‘s achievements leadin
World NewsFeb. 21, 2016
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Gaesong firms to receive compensation from Thursday
South Korea announced Sunday that it would channel some 330 billion won ($267 million) into a government fund to compensate companies forced out of a joint factory park in North Korea’s border city of Gaesong. “In order to minimize economic losses suffered by the companies, we reached a consensus on the amount of compensation fund to make the payment as soon as possible,” an official from the Unification Ministry told reporters after the meeting to discuss the plan to compensate the hard-hit b
PoliticsFeb. 21, 2016
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Politicians, lawmakers pay tribute to former opposition leader
Senior politicians and former lawmakers gathered Sunday in Seoul to pay final respects to Lee Ki-taek, late opposition leader who spearheaded the pro-democracy movement that led to the resignation of South Korea’s first president Syngman Rhee. The seventh-term lawmaker, who died on Saturday at the age of 79, entered politics after launching a student-led campaign in his college to topple the late president in the wake of his bid to extend the tenure beyond the constitution. “I heard that he l
PoliticsFeb. 21, 2016
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Exports outlook looks grim on weak global demand
South Korea’s outbound shipments are expected to fall by up to 0.5 percent in 2016 from a year ago amid tepid global demand, a report showed Sunday. (Yonhap)“Sluggish global demand, and weaker European and Japanese currencies will drag down the nation’s exports by 0.4 to 0.5 percent in 2016 compared to 2015,” said the report compiled by the Export-Import Bank of Korea.The report underlined the increasing uncertainties of the Chinese economy and the impact of the U.S. interest rate hike as key f
Feb. 21, 2016
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Lawmakers seek to finalize election rule this week
Rival parties are bracing to settle negotiations over new electoral maps this week with concerns that further delay could lead to an unprecedented pushback of the April 13 election date. The leaderships of the ruling Saenuri Party and main opposition The Minjoo Party of Korea are scheduled to meet on Monday to hammer out agreements on the election rule that will redraw constituencies and determine the number of seats for lawmakers elected from local constituencies and proportional representatio
PoliticsFeb. 21, 2016