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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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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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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Israel targets Palestinian group in first strike on Beirut center
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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KMA chief under pressure after surveyed doctors refuse to back him
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Park: Youth fund collects more than 130 bln won
President Park Geun-hye said Thursday that the fund she launched last year to help create jobs for young adults has received more than 130 billion won (US$107 million) in donations.Park said more than 100,000 people have chipped in for the "Youth Hope Fund," describing the minds of the donors as those of mothers who care about their children.In September, Park launched the fund to help create jobs for young people as youth unemployment has become a serious social problem in Asia's fourth-largest
PoliticsJan. 28, 2016
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POSCO records net loss for first time
POSCO Group logged its first-ever net loss of 96 billion won ($79.4 million) in 2015, due to weak global demand for steel products and adverse currency movements, group chairman Kwon Oh-joon said in Seoul on Thursday. POSCO chairman Kwon Oh-joon attends an investors‘ forum in Seoul on Thursday. YonhapBased on the consolidated financial statement, the operating profits of the nation’s top steelmaker fell 25 percent to 2.41 trillion won last year from 3.2 trillion won in 2014 mainly due to the pro
IndustryJan. 28, 2016
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Samsung Life to buy shares in Samsung Card
Samsung Life Insurance will take over a 37.45 percent stake in Samsung Card from Samsung Electronics in a deal worth 1.54 trillion won ($1.27 billion), the companies said Thursday. “Samsung Life’s board of directors approved the purchase of the entire 37.45 percent stake in Samsung Card, or 43.39 million shares, held by Samsung Electronics,” the insurance firm said in a regulatory filing in Seoul. In a separate filing, Samsung Electronics also notified the approval of the same deal by its own di
Jan. 28, 2016
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After a robust year, KAI vows to expand overseas business
After securing a multibillion-dollar project to produce homegrown fighter jets late last year, the nation’s sole aircraft manufacturer Korea Aerospace Industries said Thursday it would expand its global business, focusing on a U.S. program that plans to buy about 350 trainer aircraft.In a meeting with local investors and market analysts, KAI CEO Ha Sung-yong said it made 2.9 trillion won in sales last year with an operating profit of 28.57 billion won, calling it a record performance since its
IndustryJan. 28, 2016
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Seeking nostalgia in slowing economy
Retro fever is spreading throughout South Korea, driving companies to invoke the past in their marketing efforts. Sparked by a series of TV programs and dramas, the fad has made many consumers recall the times when owning a beeper was cool and going to Mcdonald’s in Apgujeong was a luxury.A collection of snacks that became popular in 1988The 20-episode “Reply 1988” series aired by cable TV channel tvN has been at the center of the retro trend since late last year. The drama revolves around five
IndustryJan. 28, 2016
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[Newsmaker] Samsung warns of tough year on weaker smartphone sales
Samsung Electronics on Thursday warned of weaker earnings this year amid slowing demand for consumer electronics, especially its mainstay smartphones.In a regulatory filing, the Korean tech giant said its fourth-quarter net profit fell 40 percent to 3.2 trillion won ($2.7 billion) from a year ago despite a 16 percent gain in operating profit to 6.14 trillion won. A Samsung Electronics sign stands at the company’s Seoul headquarters. YonhapFor the whole year, the company posted 200.6 trillion won
TechnologyJan. 28, 2016
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Chung seeks compromise on Assembly vote rules
Parliamentary Speaker Chung Ui-hwa offered a compromise version of the National Assembly Advancement Act revision, seeking to bridge the ruling conservative party’s move for drastic changes and the main opposition camp’s backlash against it.While parties continued to lock horns over the issue, the Constitutional Court held an open hearing to debate the legitimacy of the contended procedural bill.(Yonhap)Chung’s bill was signed by 14 other lawmakers and submitted to the secretariat on Thursday af
PoliticsJan. 28, 2016
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Prospects of tough N.K. sanctions dim
The prospects of adopting harsher international sanctions against Pyongyang for its recent nuclear test have dimmed with Beijing reluctant on a sanctions-centric approach and Russia seeking to expand trade with the reclusive state.China’s stance ― out of tune with that of South Korea and the U.S. ― has further deepened skepticism about the allies’ approach focused mostly on pressuring China to exert more influence to curb its wayward ally’s nuclear program. (Yonhap)Beijing’s opposition to extrem
North KoreaJan. 28, 2016
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North Korea seen preparing to test missile
Speculation soared Thursday that North Korea may be counting down to a fresh test of a long-range missiles, prompting Seoul and its partners to tighten monitoring activities and warning of a surprise provocation in light of the recent fourth nuclear test. Quoting a Japanese government official, Kyodo News reported early in the day that the liftoff could take place in the North’s northwest town of Dongchang as soon as in a week, given satellite imagery analyzed over the “past several days.”The So
North KoreaJan. 28, 2016
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[Editorial] Gateway to insecurity
The case of a Chinese couple who broke through security at Incheon International Airport should ring alarm bells, and very loud. The case, in which the two passed through at least four layers of airport security in 14 minutes, followed the ruckus generated by the breakdown of the airport’s luggage system earlier this month. Both certainly damaged the reputation of the airport, which has boasted numerous best airport awards. But more than mere reputation is at stake when it comes to security. I
EditorialJan. 28, 2016
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[Editorial] Lawmakers’ ethics
Recently, there has been a series of news reports about lawmakers accused of wrongdoing. There were both positive and negative elements in them. The positive news came from The Minjoo Party of Korea, the main opposition party whose ethics panel suspended the party membership of two lawmakers -- Reps. Noh Young-min and Shin Ki-nam. The disciplinary action, which bans Noh for six months and Shin for three months, is harsher than it might sound because it will automatically forfeit the lawmakers’
EditorialJan. 28, 2016
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[Suthichai Yoon] Why populist policies must include anti-graft measures
What has populist policy got to do with corruption? A lot, according to Thailand’s top graft-fighter, Panthep Klanarongran, who has just retired after nine years at the head of the National Anti-Corruption Commission. But isn’t populism an integral part of politics? Politicians want to be popular, and the only obvious way to boost their chances of being reelected at the next election is to resort to populist policies. But if populism and corruption are inseparable, how does one go about prevent
ViewpointsJan. 28, 2016
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Speculation grows over North Korea's missile test
Speculation soared Thursday that North Korea may be counting down to a fresh test of a long-range missiles, prompting Seoul and its partners to tighten monitoring activities and warning of a surprise provocation in light of the recent fourth nuclear test. Quoting a Japanese government official, Kyodo News reported early in the day that the liftoff could take place in the North’s northwest town of Dongchang as soon as in a week, given satellite imagery analyzed over the “past several days.” Th
North KoreaJan. 28, 2016
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The Barberettes to kick off nationwide tour
The Barberettes, the retro female trio composed of An Shin-ae, Gyeong Seon and Park So-hee, will kick off its nationwide tour in February, the group’s agency EggPlant said. The group is referred to as a “time slip” girl group, traveling back to the days of barbershop music. The Barberettes (EggPlant) The group’s nationwide tour “It’s Showtime!” will cover seven cities -- Seoul, Jeonju, Daejeon, Gwangju, Daegu, Busan and Chuncheon -- from Feb. 19 to April 2, the agency said. The group will unvei
PerformanceJan. 28, 2016
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McDonald’s introduces customizable gourmet burgers in Busan
McDonald’s Korea rolled out its “Signature Burger” menu in five stores in Busan last week, following the successful launch of the fast-food chain’s premium menu in Seoul and Gyeonggi Province last year. The “Signature Burger” menu allows customers to build their own burgers by choosing from more than 20 ingredients through an instore touch-screen kiosk. Customers can either build burgers from scratch or choose a combination of ingredients recommended by McDonald’s. A server later brings the cust
IndustryJan. 28, 2016
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Nonagon opens pop-up store in Galleria Department Store
Nonagon, a fashion brand co-launched by Samsung C&T’s fashion unit and YG Entertainment, has opened a pop-up store at the Galleria Department Store in Apgujeong, Seoul. It will run until Feb. 11. As part of its 2016 spring and summer collection, Nonagon has launched apparel inspired by military and circus concepts such as motifs from freak shows. Since the pop-up store opened in Galleria last week, Nonagon’s signature goods, which include its bomber jackets and backpacks, have been selling espe
IndustryJan. 28, 2016
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Nike launches Air Force 1 Ultra Flyknit
Nike Sportswear has launched the Air Force 1 Ultra Flynit in South Korea. It is an upgraded rendition of the brand’s iconic Nike Air Force 1 sneakers, which were first launched in 1983 and inspired by basketball and street culture. The new sneakers edition is made with Nike’s breathable lightweight Flyknit material while still retaining its original silhouette. The shoes boast enhanced performance and comfort compared to the original, according to Nike. At around half the weight of the original
IndustryJan. 28, 2016
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Sempio promotes Yondu at 2016 Madrid Fusion food fair
Sempio, a South Korean food company, showcased its natural food additive Yondu at this year’s Madrid Fusion food fair, the company said Thursday. At the event, Sempio featured a variety of European and Korean dishes prepared with Yondu. The fair attracted some 100 chefs from 14 countries, 700 industry officials and 12,300 visitors, according to Sempio. Yondu is a liquid food additive made by fermenting beans. Developed exclusively by Sempio, the 100 percent vegetable-based seasoning is used to e
IndustryJan. 28, 2016
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‘The Ex’ is compelling legal thriller
An attorney represents a man accused of committing multiple homicides and who also happens to be her ex-fiance in Alafair Burke’s latest page-turner, “The Ex.” Olivia Randall, a criminal defense attorney in New York, receives an urgent phone call from a teenage girl who says she needs her help. She‘s the daughter of Olivia’s ex-fiance, Jack Harris. "The Ex" By Alafair Burke (Harper) Harris is an acclaimed writer who lost his wife in a public shooting three years earlier and is now raising his
BooksJan. 28, 2016