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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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Opposition mulls delay of financial investment income tax
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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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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Shut up and dance
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BTS’ Suga fined W15m for e-scooter DUI
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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BOK chief calls for careful watch over Chinese economy
South Korea’s central bank chief called for a careful monitoring of the Chinese economy Wednesday. BOK Gov. Lee Ju-yeol (front row, second from right) speaks at a meeting with economists on Wednesday. (Yonhap)“Considering its impact on the global economy, we cannot but be sensitive to changes in the Chinese economy,” Bank of Korea Gov. Lee Ju-yeol said in a monthly meeting with economists.Lee said the difficulties South Korea currently faces may have also been caused by uncertainties concerning
Jan. 27, 2016
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Top 30 biz groups‘ hiring rose 17%
The number of employees at South Korea’s top 30 major business groups rose 17.2 percent last year over 2010, according to industry data Wednesday. Job hunters line up to submit their resumes at a job fair in Seoul. (Yonhap)This exceeded the average rise of 13 percent for the corporate sector. CEO Score, a local corporate researcher, said the number of people employed by the country’s 30 largest business groups -- including Samsung, Hyundai and LG -- stood at 986,231 as of end-September last yea
IndustryJan. 27, 2016
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Seoul shares open higher on New York gains
South Korean shares opened higher on Wednesday following overnight gains on Wall Street. A dealer looks into a monitor at the New York Stock Exchange. (Yonhap)The benchmark Korea Composite Stock Price Index rose 20.40 points, or 1.09 percent, to 1,882.09 in the first 15 minutes of trading.The index was trading 24.9 percent higher at 1896.59 points as of 9:50 a.m. The Dow Jones industrial average jumped 1.78 percent and the Nasdaq composite index rose 1.09 percent on a recovery in oil prices tri
Jan. 27, 2016
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Convenient transportation, accommodation to draw crowds to Suwon
With geographical proximity to the country's capital Seoul and accommodations in good hands, Suwon city is prepared to host crowds in celebration of the 220th anniversary of Hwaseong Fortress, city officials said Wednesday.Hwaseong Fortress is a UNESCO World Cultural Heritage site that commemorates the filial affection and innovations of King Jeongjo, the 22nd monarch of the Joseon Dynasty (1392-1910) who built the fortress.The city in Gyeonggi Province, located some 50 kilometers south of Seoul
Social AffairsJan. 27, 2016
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ABS issuance soars in 2015 on new state loan program
The issuance of asset-backed securities (ABS) in South Korea nearly doubled in 2015 from a year earlier on the back of sharp growth in sales of government-led mortgage funds, the financial watchdog said Wednesday. A combined 83 trillion won ($68.1 billion) worth of ABS were issued last year, up 99.8 percent from the previous year's 41.5 trillion won according to the Financial Supervisory Service.ABSs are derived from underlying assets such as auto loans, home loans, credit card receivables and s
Jan. 27, 2016
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Energetic offense carries Korea into 8th straight Olympics
An energetic offense, led by rising stars demonstrating ability to adapt on the fly, carried well-coached South Korea into their eighth consecutive Olympic men's football tournament.South Korea defeated host Qatar 3-1 in the semifinals of the Asian Football Confederation (AFC) U-23 Championship in Doha on Tuesday, earning one of three Asian berths at the 2016 Summer Olympics in Rio de Janeiro. The championship also served as the regional Olympic qualification tournament, with only the top three
SoccerJan. 27, 2016
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Russian FM: Five-party nuclear talks 'not a good idea'
Russian Foreign Minister Sergey Lavorv on Tuesday reacted negatively to South Korea's proposal to hold five-party nuclear talks excluding North Korea, saying it's "not a good idea" to try to isolate Pyongyang.South Korean President Park Geun-hye made the suggestion last Friday, raising questions about the effectiveness of the stalled six-party talks on the North's nuclear program and calling for "creative approaches" to deal with the problem."We have heard a proposal from South Korea to gather i
World NewsJan. 27, 2016
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China won't take N. Korea off life support
The United States should tackle the North Korean nuclear issue without expecting China to dump its communist neighbor, an American expert said as Washington has been working hard to enlist Beijing's support for punishing Pyongyang for its fourth nuclear test."U.S. thinking about North Korea policy must begin here: China will not take North Korea off life support," Robert Daly, director of the Kissinger Institute on China and the United States at the Wilson Center, said in an article on the think
North KoreaJan. 27, 2016
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Trump maintains solid lead, one week ahead of Iowa caucus
Republican presidential front-runner Donald Trump is maintaining a solid lead in the race to become the party's standard-bearer, one week ahead of the first vote in Iowa, voter surveys showed Tuesday.An ABC-Washington Post poll put Trump atop the race with 37 percent of support from Republican-leaning voters, followed by Se.Ted Cruz (R-TX) with 21 percent, Sen. Marco Rubio (R-FL) with 11 percent and Ben Carson with 7 percent. Moreover, 64 percent of Republican-leaning voters, regardless of which
World NewsJan. 27, 2016
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Korea clinch 8th straight Olympic football berth
South Korea clinched a record eighth straight Olympic men's football berth on Tuesday with a 3-1 victory over Qatar at the Asian qualification tournament.Midfielder Kwon Chang-hoon broke the 1-1 tie in the 89th minute at Jassim Bin Hamad Stadium in Doha to lift South Korea to the final of the Asian Football Confederation (AFC) U-23 Championship and give the country one of three Asian berths at the 2016 Summer Olympics in Rio de Janeiro. Moon Chang-jin put the icing on the cake to make it 3-1 mom
SoccerJan. 27, 2016
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Kia launches all-new K7 sedan
From left: Kia Motors’ executive vice president Kim Chang-sik, president Park Han-woo, vice chairman Lee Hyoung-keun and Hyundai Motor Group design chief Peter Schreyer pose with the all-new K7 at a Seoul hotel on Tuesday. Hyundai Motor GroupKia Motors on Tuesday launched the all-new K7, the second generation of its best-selling large sedan. Targeting sales of more than 75,000 units worldwide in its inaugural year, the carmaker is determined to attract 40-something motor enthusiasts, who prefer
MobilityJan. 26, 2016
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Lotte chairman’s Japanese son under limelight
Several media outlets suggested Monday that Lotte Group chairman Shin Dong-bin’s son had emerged as the retail giant’s heir apparent. Lotte Group branded the reports as groundless but industry insiders say it is only a matter of time before 30-year-old Satoshi Shigemitsu takes the helm of the $8 billion business empire that spans from Korea and Japan to Southeast Asia, China and the U.S.“Satoshi Shigemitsu is already a fixture in the Japanese business circuit, when his wedding ceremony on Nov. 2
IndustryJan. 26, 2016
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US Democratic race highlights differing views of gov't role
For months, the tumultuous Republican presidential primary in the U.S. has masked a brewing debate among Democrats about their own party's future. Now, with Vermont Sen. Bernie Sanders chipping away at Hillary Clinton's grip on the Democratic nomination, the differences are spilling out into the open as the candidates campaign across snow-covered Iowa, the first state to vote. At its core, the divide between Clinton and Sanders is about just how much to change current economic, health care and e
World NewsJan. 26, 2016
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S. Korea grew at slower pace in Q4
South Korea’s fourth-quarter economic growth slowed on reduced investment in the construction sector, the country’s central bank said Tuesday. In the three months that ended on Dec. 31, the nation’s gross domestic product rose 0.6 percent from the previous quarter, according to preliminary data from the Bank of Korea. From a year earlier, the quarterly GDP grew 3 percent. For the year, Asia’s fourth-largest economy expanded by 2.6 percent, lower than the 2.7 percent projected by the central ban
Jan. 26, 2016
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Korea’s GDP growth slips to 2.6% in 2015
The ailing South Korean economy grew 2.6 percent in 2015, the lowest in three years, largely due to slumping exports and manufacturing, the central bank said Tuesday. The nation’s fourth-quarter gross domestic product rose 0.6 percent from the previous three months, according to the Bank of Korea’s preliminary report. “Private spending and investment in the construction sector expanded at a fast rate in 2015 and growth in facility investment was steady, but the exports and investment in intellec
Jan. 26, 2016
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Korea seeks UNESCO listing of Seoul City Wall, seowon
The government is seeking to add the historic Seoul City Wall and Confucian academies of Korea to the UNESCO cultural heritage list this year. In addition, it also hopes to include haenyeo, female divers on the resort island of Jejudo, and Korean traditional wrestling to the intangible heritage list. The state-run Cultural Heritage Administration outlined its plan to submit the applications for inclusion on the UNESCO lists this year at a press conference Tuesday to introduce its plans for the y
CultureJan. 26, 2016
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[Photo News] Visit to traditional market
KB Financial Group chairman Yoon Jong-kyoo (center) and Financial Supervisory Service Gov. Zhin Woong-seob (right, front row) at a visit to a traditional market in Seoul on Tuesday. The visit was part of efforts to revive business in conventional markets ahead of the Lunar New Year holidays. KB Financial Group
Jan. 26, 2016
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Seoul shares retreat on lackluster earnings
South Korean stocks sank 1.15 percent Tuesday as investors were disheartened by market heavyweights' sluggish earnings and slumping oil prices. The local currency weakened against the U.S. dollar.(Yonhap)The benchmark Korea Composite Stock Price Index (KOSPI) shed 21.74 points to end at 1,871.69. Trade volume was slim at 295.26 million shares worth 4.4 trillion won (US$3.65 billion), with losers beating winners 559 to 264.Weak quarterly profits from major Korean companies dragged down the equity
BusinessJan. 26, 2016
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Former Korean 'comfort women' criticize Korea-Japan deal, demand Abe's apology
Former Korean "comfort women" on Tuesday reiterated their demand for a formal apology from Japanese Prime Minister Shinzo Abe and official compensation from the Japanese government. Two Korean women who were forced to work in Japan's military brothels during World War II criticized the Seoul-Tokyo agreement on wartime sexual slavery victims reached late last year between the South Korean and Japanese governments, saying that it was made without their input. Lee Ok-sun, 90, who traveled to Ja
Social AffairsJan. 26, 2016