Most Popular
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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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Shut up and dance
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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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Brit pop legend Oasis to perform in Seoul next year
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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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Court rules Itaewon tragedy was 'foreseeable'
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KAI succeeds in maiden flight of new Surion medical chopper
Korea Aerospace Industries Ltd., South Korea's aircraft maker, said Monday it has successfully conducted the maiden flight of a new medical transport version of its Surion helicopter.The 20-minute test flight took place at the KAI's headquarters in Sacheon, South Gyeongsang Province, on Friday under the observation of about 40 officials from the defense procurement agency, the Joint Chiefs of Staff, the Army and the Armed Forces Medical Command, according to the KAI. The new chopper will be put
TechnologyJan. 25, 2016
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Samsung SDI's net loss widened in Q4
Samsung SDI Co., the battery-making unit of Samsung Group, said Monday its net loss widened in the fourth quarter of 2015 from a year earlier.The net loss came to 231.3 billion won (US$194 million) in the October-December period, worsening from the net loss of 128.8 billion won posted a year earlier, Samsung SDI said in a regulatory filing, without giving reasons for the on-year fall.It was also a sharp turnaround from a net profit of 502.4 billion won in the third quarter. The on-quarter drop w
IndustryJan. 25, 2016
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Progress slow on U.N. resolution on N. Korea
Progress has been slow in drawing up a new U.N. sanctions resolution to punish North Korea for its fourth nuclear test as the U.S. and China disagree over its content, a South Korean official said Monday.Washington has presented a draft resolution to Beijing for review, hoping to impose tougher and more extensive sanctions on Pyongyang for its Jan. 6 nuclear test.Beijing showed an "initial response" to the draft last week and talks have begun in earnest, but progress has been slow, the official
World NewsJan. 25, 2016
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Korea creates 150 bln won healthcare fund
South Korea has created a 150 billion won ($125.8 million) fund to help the local healthcare and cosmetics industries expand overseas and sharpen their competitiveness, the finance ministry said Monday.The Ministry of Health and Welfare provided 30 billion won and 10 private institutions, including KB Investment Co., provided another 120 billion won, according to the Ministry of Strategy and Finance.KB Investment and Solidus Investment Co. were picked as the managing firms of the fund, it added.
Social AffairsJan. 25, 2016
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Cold spell eases up in Korea
The cold snap that has paralyzed most of South Korea and stranded nearly 90,000 tourists on the country's resort island of Jeju began to ease up Monday afternoon, weather officials said.The Korea Meteorological Administration (KMA) said it has lifted a cold wave warning from 2:00 p.m and a cold wave advisory from 1:00 p.m from most parts of the country, including Jeju Island which was hit by the worst heavy snow in 32 years."The weather was initially expected to let-up starting Tuesday afternoon
Social AffairsJan. 25, 2016
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S. Korea to address N. Korean human rights despite frosty ties
South Korea should make efforts to improve North Korea's dismal human rights situation even if Seoul's move to have better inter-Korean relations hit a snag, a government official said Monday.The National Assembly is set to pass a pending bill aimed at enhancing the North's human rights record later this week. The bill, first introduced in August 2005, has been languishing in the parliament, apparently out of concern its passage could have a negative impact on inter-Korean relations.The bill cal
Social AffairsJan. 25, 2016
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Prosecutors seek arrest warrant for lawmaker over alleged corruption
Prosecutors said Monday they have sought an arrest warrant for a ruling party lawmaker for allegedly taking bribes.Lee Byung-suk of the ruling Saenuri Party is accused of using his position to persuade POSCO, South Korea's biggest steelmaker, to sign business contracts with subcontractors owned by Lee's acquaintances.In return, Lee allegedly received tens of millions of won in bribes from one of the subcontractors.Prosecutors said they sought the arrest warrant as Lee rejected repeated requests
Social AffairsJan. 25, 2016
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With no MLB deal yet, free agent Lee Dae-ho set to return home
South Korean free agent slugger Lee Dae-ho is scheduled to return home this week from his U.S. training camp, sources said Monday, with hopes of having a big league contract with him by then.The 33-year-old first baseman/designated hitter has been working out with his former Korea Baseball Organization (KBO) club, the Lotte Giants, in Arizona this month. An official from his South Korean agency, Montis Sports Management Group, also flew to the United States with the player, working with Lee's U.
BaseballJan. 25, 2016
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Gov't raises cyber alert level amid signs of N. Korean hack attacks
South Korea raised its cyber alert level following the influx of malicious e-mails presumed to have originated from North Korea amid a spike in cross-border tensions after Pyongyang tested a fourth nuclear device early this month, the government said Monday.The country's cyber alert was marked up one notch to "yellow" from the normal "blue," the Ministry of Science, ICT, and Future Planning said. It said authorities detected an increase in e-mails that impersonate government organizations, inclu
North KoreaJan. 25, 2016
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Samsung sees no immediate impact from Haier's takeover of GE unit
Samsung Electronics Co. said Monday that Chinese home appliance maker Haier Group's takeover of the household appliance business of U.S.-based General Electric will not have a great impact on its performance over the short term.In mid-January, Haier said it will purchase GE's home appliance business for $5.4 billion, with the takeover expected to be finalized around the first half of 2016. Haier, China's second-largest electronics manufacturer, reportedly said that it will maintain the GE brand
IndustryJan. 25, 2016
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Seoul city to restore palace walkway by year's end
A narrow walkway along Deoksu Palace in downtown Seoul will be restored 132 years after it was cut off by the construction of the British Embassy in Korea, a Seoul City Council member said Monday.The council member said the Seoul Metropolitan Government will restore the 170-meter-long sidewalk along the stonewall of the Joseon Dynasty (1392-1910) palace at the embassy compound at the expense of 2.8 billion won ($2.34 million).The capital city will finish the 3- to 6-meter-wide walkway, commonly
Social AffairsJan. 25, 2016
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Majority of seniors suffer from multidimensional poverty
Seven out of 10 senior citizens in South Korea are suffering from deprivation in two or more areas, a report showed Monday.According to the report by the Korea Institute for Health and Social Affairs, some 67 percent of South Koreans aged 65 and older suffered from income poverty and other deprivations as of 2013, down 5.8 percentage points from 2011. The report, based on a survey of 2,889 people aged 65 and older across the country, measured poverty in seven categories: income, assets, residenc
Social AffairsJan. 25, 2016
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Korean won's fall seen to last with no remedy in sight
The South Korean currency will likely keep falling against the U.S. dollar for some time and may drop as low as 1,300 won, with local authorities having little means or will to halt its slide, analysts here said Monday.The local currency closed at 1,200.1 against the greenback Friday after dipping to 1,214.00 won two days earlier, the lowest level in over five years since 1,215.6 won posted on July 19, 2010.The won's depreciation is largely attributed to a slowdown in the global economy, but als
Jan. 25, 2016
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Korea's terms of trade improve on weaker import prices in Dec.
South Korea's terms of trade improved from a year earlier in December as import prices fell at a faster clip than export prices, central bank data showed Monday.The terms of trade index came to 100.83 last month, unchanged from the previous month, according to the preliminary data from the Bank of Korea (BOK).The December figure, however, marks an 8 percent increase from the same month last year.The index measures the amount of imports a country can purchase for each unit of exports, showing how
Jan. 25, 2016
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Minor opposition bloc to create united coalition party
Leaders of two minor opposition parties announced Monday they will create a new united coalition party, a move that is likely to reorganize the political landscape of the opposition bloc in the lead-up to the general elections in April.Reps. Ahn Cheol-soo and Chun Jung-bae, who both quit the main opposition Minjoo Party of Korea earlier to create their own parties, said they will join hands to win a victory against the ruling Saenuri Party in the April 13 poll."We have agreed that this coalition
PoliticsJan. 25, 2016
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JCS chairmen of allies to hold video meeting
The chairmen of the Joint Chiefs of Staff of South Korea, the U.S. and Japan will hold a video conference next month as the three countries seek ways to reinforce trilateral security cooperation in the wake of North Korea’s fourth nuclear test, officials here said Monday.The three countries have been exploring diplomatic and military steps to punish Pyongyang over the latest provocation on Jan. 6, while coordinating their readiness against a possible additional provocation and its countermeasure
North KoreaJan. 25, 2016
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[NEWS FOCUS] Government, civic group scrap over economic democratization
Economic democratization, the idea that the nation’s economy should be operated in a democratic manner, was a successful method for the ruling conservative camp to embrace a progressive welfare agenda and win swing votes during the 2012 elections. But now that the current administration is entering its fourth year in office, the issue appears to be adding to the dispute between the government and liberal civic groups. Their conflicts are largely related to economic strategist Kim Jong-in, who r
PoliticsJan. 25, 2016
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[NEWS FOCUS] Why does China back wayward ally North Korea?
China has served as North Korea’s economic lifeline with consistent oil supply and trade despite mounting international calls for it to further isolate and harshly punish its wayward ally for its purported hydrogen bomb test earlier this month.Then, the question arises as to why Beijing is reluctant to cut off support, without which the communist regime in Pyongyang might be forced to renounce its nuclear ambitions, or possibly collapse. Analysts say that despite its unruly behavior, Pyongyang i
North KoreaJan. 25, 2016
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CKD Pharm, Zafgen may resume clinical trials of obesity treatment
A treatment for a rare obesity treatment, originally developed by South Korea’s Chong Kun Dang Pharmaceutical and licensed to Zafgen in 2009, is geared to fully resume clinical trials in the near future.Zafgen, a U.S. biopharmaceutical company, said last week that beloranib has shown proven effectiveness in reducing body weight in a final-stage clinical study which was temporarily halted by the U.S. Food and Drug Administration last year.The FDA took the decision after the company confirmed the
IndustryJan. 25, 2016
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Park Hae-jin inks ad deals worth 11 billion won
Actor Park Hae-jin, enjoying growing popularity in both Korea and China with his new tvN drama “Cheese in the Trap,” has signed endorsements with 15 advertisers, according to industry insiders. Park has recently signed on with a wide range of brands, including 7-Eleven, Beanpole and outdoor brand Centerpole. He also renewed contracts with Mind Bridge, Kohler Novita and Lotte Duty Free. Park’s total income from spokesman activities is estimated at around 11 billion won ($9.2 million).A still from
TelevisionJan. 25, 2016