Most Popular
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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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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Remembering ‘crazy Corean’ Nam June Paik
In 1963, Nam June Paik hung a blood-dripping cow head at the entrance of his first solo exhibition “Exposition of Music – Electronic Television” in Germany, shocking those at the scene and the German art circle. He continued to shock people with experimental and radical performances and said in several media interviews that he wanted to be remembered as a “crazy Corean.” At the same show, Joseph Beuys gave a performance in which he destroyed a piano on display with an axe. The performance was si
PerformanceFeb. 1, 2016
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Samsung, LG feel pinch as China scales back EV subsidies
Shares of Samsung SDI and LG Chem continued to struggle Monday for almost a month, with concerns growing over China’s subsidy suspension for electric buses powered by their batteries. LG Chem shares closed at 289,000 won ($240), down 2.20 percent from Friday, while Samsung SDI shares closed nearly flat at 93,500 won after fluctuations. In its latest move to gradually scale back subsidies for EVs, the Chinese government recently decided not to give subsidies for NCM or nickel-manganese-cobalt che
TechnologyFeb. 1, 2016
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Exports plunge on weak demand, oil prices
South Korea’s exports plummeted 18.5 percent in January from a year ago, recording the largest year-on-year fall since August 2009 when the country was reeling from the global financial crisis. (Yonhap)Exports from Korea had been on a downward path for 13 months straight, along with a continuous drop in oil prices and slowing demand from emerging countries, sparking red alert in Asia’s fourth-largest economy, which heavily relies on exports for growth.Overall outbound shipments reached $36.7 bil
Feb. 1, 2016
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Finance minister says gov't could expand fiscal spending in Q1
Korea's finance minister said Monday that the government is considering a move to increase its fiscal spending for the first quarter in a bid to give a more direct boost to the economy burdened by faltering exports."We're mulling some supplementary measures including an additional increase in the planned budget frontloading," Finance Minister Yoo Il-ho said in a luncheon meeting with reporters."Details will be announced at a later date."The increase will add to the 125 trillion won (US$104.3 bil
BusinessFeb. 1, 2016
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[Photo News] LG Display pledges shared growth with suppliers
TechnologyFeb. 1, 2016
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January car sales drop 12.8% as domestic, global demand slump
Car sales by automakers based in Korea dropped 12.8 percent in January from a year earlier as demand from home and abroad faltered due to the end of temporary tax breaks here and the overall slumping global markets, industry data showed Monday. The combined sales of five automakers in the country came to 626,315 units last month, compared with the 718,030 units tallied a year earlier, according to data provided by each company. (Yonhap)The five are Hyundai Motor Co., Kia Motors Corp., GM Korea
BusinessFeb. 1, 2016
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4minute brings love story, EDM twist in ‘Act. 7’
It has been nearly eight years since girl group 4minute burst onto the K-pop music scene with the catchy, colorful pop song “Hot Issue.” Since then, they have gone on to establish themselves as a “girl crush” group in K-pop, building up a large female fan base with their tough, party-hard style. With their new album “Act. 7” featuring the electronic dance music lead track “Hate,” 4minute stays the course, keeping up their party music while trying to add a more seasoned touch. 4minute poses for
PerformanceFeb. 1, 2016
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Hyundai Rotem turns to railway maintenance to revive profits
Hyundai Rotem, the train-making affiliate of Hyundai Motor Group, rolled out plans Monday to expand its railway system maintenance business, among other efforts, in a bid to revive struggling profits this year. This development comes after Hyundai Rotem recorded its worst annual performance to date in 2015 -- a net loss of 303.5 billion won ($252.5 million) and operating deficit of 192.9 billion won -- since its acquisition by Hyundai in 2001. Performing below market expectations, the company l
IndustryFeb. 1, 2016
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[J. Bradford DeLong] Economics in age of abundance
Until very recently, one of the biggest challenges facing mankind was making sure there was enough to eat. From the dawn of agriculture until well into the Industrial Age, the common human condition was what nutritionists and public health experts would describe as severe and damaging nutritional biomedical stress. Some 250 years ago, Georgian England was the richest society that had ever existed, and yet food shortages still afflicted large segments of the population. Adolescents sent to sea by
ViewpointsFeb. 1, 2016
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[Minghao Zhao] What Xi can offer Middle East
Those who have criticized China’s cautious foreign policy need to reconsider their position, following President Xi Jinping’s just-completed visit to Saudi Arabia and Iran -- two major Middle Eastern powers that are currently at each other’s throats. The visits reflect the more active foreign policy approach that Xi has spearheaded, particularly in the Middle East. This new approach raises an important question: Can China’s impact on the region be more constructive than that of the United State
ViewpointsFeb. 1, 2016
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[Editorial] Same kind of politics
First thing that Kim Jong-in did after he became the interim leader of the main opposition party Thursday was to breach a bipartisan agreement. The Minjoo Party of Korea agreed with the ruling Saenuri Party on Jan. 23 to pass two bills, one on revitalizing the economy and the other on North Korean human rights. But Kim decided to break the deal. It was disappointing, given that he had sharply pointed out the deep-rooted problems of the main opposition party after taking over the party’s leaders
EditorialFeb. 1, 2016
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[Editorial] Regulatory barriers
Under the vision of making Korea a “creative economy,” the government has been striving to foster new businesses based on creative ideas and emerging technologies. Yet the government’s efforts are seriously hampered by Korea’s regulatory backwardness. The Korean Chamber of Commerce and Industry recently released a report showing how outdated regulations or the absence of proper regulations are stifling efforts to start a business using such new technologies as the Internet of Things, 3-D printin
EditorialFeb. 1, 2016
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High earners, men more stressed in South Korea: study
High earners and men tend to be more stressed than low-earning workers and women in South Korea, while more than 90 percent of all adult Koreans felt stressed on different levels, a study showed Monday.The report, published by the Korea Institute for Health and Social Affairs, interviewed 7,000 Koreans aged 19 or older in person last year. Researchers asked the participants to rate their level of stress on a scale of 1-4, with 4 being the highest level and 1 being the lowest (almost never stress
Social AffairsFeb. 1, 2016
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Parties slam Japan on sex slavery stance
Opposition parties slammed the Japanese government in unison on Monday for once again denying the forced mobilization of sex slaves during World War II in a formal U.N. document.The Minjoo Party released a statement on Monday that said, “We cannot withhold our rage against the Japanese government’s brazen act that completely denies and overturns the agreement made just a month earlier.” Rep. Ahn Cheol-soo speaks during a party meeting in Seoul on Monday. (Yonhap)Rep. Ahn Cheol-soo, who is spearh
PoliticsFeb. 1, 2016
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[Newsmaker] Unlikely candidates rush to run in April elections
With the incumbent National Assembly embroiled in unending bipartisan and factional feuds, while still failing to draw out an electorate map with just three months left to the elections, it seems less-than-political people, and even controversial figures, believe they can do a better job.Reflecting the public’s fatigue over such political vices, a considerable number of “unlikely” people have decided to join in the parliamentary race this year, vowing to realize the changes that conventional pol
PoliticsFeb. 1, 2016
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Not safe to let traditional doctors use modern medical tech: WMA
Otmar Kloiber, the secretary general of the World Medical Association, claimed the South Korean government is exposing its patients to danger should it allow traditional doctors to use modern medical equipment and devices, during his visit to Seoul on Monday. “We are very much concerned that your government wants to do a business approach to health care by supporting the producers of medical equipment so they can be able to sell it to OMDs (oriental medical doctors),” he told reporters during a
Social AffairsFeb. 1, 2016
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Activists to stage hologram rally ahead of Park anniversary
A human rights organization said Monday it planned to stage the world’s second-ever virtual political rally in central Seoul this month to denounce a series of police bans on demonstrations near the presidential office. The Korean office of Amnesty International will hold a hologram rally, which it has called a “ghost rally,” in Gwanghwamun Square on Feb. 24, a day before the third anniversary of President Park Geun-hye’s inauguration in 2013. “Police have prohibited public assemblies or marches
Social AffairsFeb. 1, 2016
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Defense Ministry spokesman replaced
The Defense Ministry appointed Moon Sang-gyun, a retired one-star general with expertise in North Korean affairs, as its new spokesperson Monday.Moon, 54, replaced Kim Min-seok, a former defense analyst and journalist who had represented the agency for the last five years. His two-year term took effect immediately. Moon Sang-gyun (Yonhap)Having led the inter-Korean military talks in 2010-11, Moon is a specialist in North Korea policy and negotiations, the ministry said. “I feel immense responsi
DefenseFeb. 1, 2016
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Yonsei’s new chief takes office
Yonsei University’s newly-elected president Kim Yong-hak took office on Monday at an inauguration ceremony held in the school’s Seoul campus. Kim, 63, has worked as a sociology professor at the university since 1987. He acquired a bachelor’s degree in Yonsei in 1980 and later received a doctor’s degree from the University of Chicago in 1986. Yonsei University president Kim Yong-hakIn his inauguration ceremony at Shinchon-dong, Seoul, he vowed to bring about changes that would help students prep
Social AffairsFeb. 1, 2016
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Olympus launches new mirrorless camera
Camera-maker Olympus Korea unveiled the PEN-F, a mirrorless interchangeable-lens camera, in Seoul on Monday.The new camera was made in celebration of the 80th anniversary of the firm’s camera business. Olympus, which started as a microscope manufacturer in Japan in 1919, released its first camera in 1936. Models pose at the unveiling event of Olympus Korea’s PEN-F mirrorless camera. (Olympus)The Tokyo-headquartered firm started rolling out the PEN camera lineup in 1959, garnering popularity than
TechnologyFeb. 1, 2016