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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Yoon warns North Korea against nuclear attack attempt
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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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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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BTS’ Suga fined W15m for e-scooter DUI
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Iran's Mellat Bank moving to normalize Seoul branch soon
The South Korean branch of Iran's Mellat Bank is moving to normalize operations as soon as possible following the landmark nuclear accord that helped to lift international sanctions on the oil-rich country, the branch chief said Tuesday.Seoul said Sunday that it will step up "reciprocal cooperation"with Iran as countries around the world move to lift economic and financial sanctions against Tehran. Seoul citing allegations that Mellat had violated a UN Security Council Resolution had restricted
Jan. 19, 2016
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Hyundai, Kia on track to rank 4th in green car sales: data
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are on track to rank fourth in the world in sales of environmentally friendly vehicles for 2015 as they seek to expand their green car lineup in the years to come, industry data showed Tuesday.According to the data, Hyundai Motor and Kia Motors sold a total of 73,746 environmentally friendly cars last year that include hybrid, electric fuel-cell and plug-in hybrid vehicles.The figures are at an all-time high, and based on the January-N
MobilityJan. 19, 2016
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Moon announces his plan to resign
Main opposition the Minjoo Party of Korea leader Rep. Moon Jae-in on Tuesday announced he would step down as chairman before the April general election kicks off. He has chaired the post since February last year.In a New Year press conference, Moon vowed to hand over his power to the election committee headed by Kim Jong-in. He also reiterated that he would forgo his bid for the election and demanded a coalition with other opposition groups, including the People’s Party led by Rep. Ahn Cheol-soo
PoliticsJan. 19, 2016
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Korea eyes nationwide sales event to boost consumption
South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year's holiday, the finance ministry said Tuesday.The so-called Korea Grand Sale will begin on Jan. 25 and run through Feb. 7 across the nation before the holiday, with the participation of 300 local traditional markets, according to the Ministry of Strategy and Finance.For foreign tourists, the event will take place from Feb. 1 in duty-free shops and ot
Jan. 19, 2016
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Inbound travelers fall 6.8 percent in 2015 due to MERS
The number of foreign travelers to South Korea slipped in 2015 for the first time in 12 years in the wake of the Middle East Respiratory Syndrome outbreak, the state-run tourism agency said Tuesday. A total of 13.23 million foreigners visited the nation in 2015, down 6.8 percent from a year ago, the Korea Tourism Organization said. The number of travelers rose about 10 percent in the first five months, but it plummeted 40 percent from June to August following the first MERS outbreak in late May,
NationalJan. 19, 2016
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Samsung holds luxurious banquet for new executives
Samsung Group held a luxurious banquet to celebrate some 400 newly minted executives and their spouses at the Samsung-affiliated Hotel Shilla in Seoul on Monday. Lee Seo-hyun, fashion business president of Samsung C&T, walks at the entrance Monday of Hotel Shilla in Jangchung-dong, Seoul. (Yonhap)The event is part of a five-day training program for the year’s new executives. Samsung promoted 197 executives in a December reshuffle, the lowest figure from 167 in 2009. Samsung Electronics vice cha
TechnologyJan. 19, 2016
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SK to focus on new energy business at Davos Forum
SK Group chairman Chey Tae-won and high-level group officials including the CEOs of SK’s core affiliates are scheduled to attend this year’s World Economic Forum. The forum, scheduled to draw some 2,500 politicians, business leaders, activists and officials from around the world, is set to begin Wednesday in Davos, Switzerland and continue until Saturday.Eyeing forthcoming changes in the global business landscape following the Paris Climate Conference last month, SK’s top leadership plans to foc
IndustryJan. 19, 2016
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Novelis supplies aluminum for Hyundai’s Ioniq
Atlanta-based Novelis, a global leader in aluminum rolled products, announced Tuesday it is supplying its high-strength and lightweight aluminum solutions for Hyundai Motor’s Ioniq hybrid. Ioniq is Korea’s first car developed on an exclusively eco-friendly platform. According to Novelis, Hyundai’s new Compact hybrid vehicle has adopted Novelis’ lightweight aluminum for the hood and tailgate, providing approximately 40 percent weight savings versus steel for these parts. The lighter weight reduce
MobilityJan. 19, 2016
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Competition for playing time brewing in midfield for Korea
With South Korea having already clinched a knockout berth at the Olympic men's football qualifying tournament with one match remaining, some internal competition is brewing in a midfield already stacked with promising youngsters.South Korea have won their first two matches at the Asian Football Confederation U-23 Championship, which also doubles as the Asian qualifying tournament for the 2016 Summer Games in Rio de Janeiro. The top three nations will advance to the Olympics, and South Korea have
SoccerJan. 19, 2016
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Seoul shares open weaker on China woes
South Korean shares opened lower on Tuesday as investors remained concerned over China's financial uncertainty.The benchmark Korea Composite Stock Price Index shed 4.18 points, or 0.22 percent, to 1,874.27 in the first 15 minutes of trading.Builders opened bearish, with Hyundai Engineering & Construction decreasing 1.9 percent and Daelim Industrial losing 3.5 percent. GS Engineering & Construction plunged 1.1 percent.Carmakers also started weaker, with Hyundai Motor falling 1.08 percent and its
Jan. 19, 2016
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Stock market volatility hits 5-month high in Jan.
South Korea's stock market has been on a rollercoaster ride in the new year due to unfavorable external conditions and concerns over corporate earnings, with its volatility hitting a five-year high, data showed Tuesday.The daily volatility of the benchmark Korea Composite Stock Price Index came in at 1.38 percent this year until Monday, far higher than last year's monthly average of 0.94 percent, according to the data compiled by the Korea Exchange.It is also highest since August 2015, when the
Jan. 19, 2016
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Shipbuilders cut order target by 20 percent this year
South Korean shipyards, led by Hyundai Heavy Industries Co., have trimmed their order targets for the year by 20 percent as a slump in oil prices is widely expected to continue, sapping demand for offshore facilities, industry sources said Tuesday.Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. are expecting to win some US$37 billion worth of new orders this year, compared with last year's $47 billion, according to the sources.Hyundai Heavy is targeti
IndustryJan. 19, 2016
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Blinken: N.K. nuclear test demands 'response beyond business as usual'
U.S. Deputy Secretary of State Tony Blinken stressed during his trip to Japan over the weekend that North Korea's nuclear test "demands a response beyond business as usual," the State Department said Monday.While in Tokyo from Jan. 15-17, the No. 2 American diplomat held bilateral and trilateral meetings with his South Korean and Japanese counterparts mainly to discuss strategies to punish North Korea for its fourth nuclear test earlier this month.The three countries discussed "our unified respo
World NewsJan. 19, 2016
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U.S. experts call on China to press N.K. to restart denuclearization talks
The best way to resolve the North Korean nuclear standoff is for China to put pressure on Pyongyang to return to the negotiating table and for the United States to drop its preconditions for restarting denuclearization talks with Pyongyang, American experts said Monday.Three experts at the Center for Arms Control and Non-Proliferation -- Philip Coyle, Robert Gard and Greg Terryn -- made the point in a joint article contributed to the Hill newspaper, stressing that the problem should be addressed
World NewsJan. 19, 2016
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Korea's producer prices extend slump in Dec.
Producer prices in South Korea dipped to a new six-year low in December due largely to a drop in prices of industrial goods, central bank data showed Tuesday.The producer price index came to 99.06 last month, down from a revised 99.25 the previous month, according to preliminary data from the Bank of Korea.Producer prices serve as a barometer of future consumer inflation.The December figure marked a 0.2 percent on-month drop, slowing from a 0.4 percent cut in the previous month.However, December
Jan. 19, 2016
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Online petition emerges to oppose California's plan to teach students about 'comfort women'
An online petition has emerged to oppose the Californian government's plan to teach high school students about Japan's wartime sexual slavery, claiming that victims were "well paid prostitutes."Right-wing Japanese nationalists are suspected of involvement in the petition under way at the change.org online petition site to demand California's Department of Education write "comfort women were well paid prostitutes, sold their service to U.S. Army as well."A total of 285 people have signed the peti
World NewsJan. 19, 2016
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China denies reports that it banned JYP singers over flag
China's culture ministry on Monday denied some South Korean media reports that it has banned singers under JYP Entertainment from performing in mainland China in the wake of a flag row involving a 16-year-old Taiwanese K-pop singer. JYP Entertainment is the South Korean management agency for the singer, Chou Tzu-yu, who waved Taiwan's national flag on a South Korean entertainment TV program in November. The image of Chou, who performs under the name Tzuyu as a member of South Korean girl band TW
Foreign AffairsJan. 18, 2016
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Gov't to slap fines on carmakers that fail to recall cars for emissions violations
Carmakers that fail to fix emissions-related violations will be slapped with fines, the government said Monday, as South Korea moves to tackle concerns raised by Volkswagen's cheating scandal.The environment ministry said companies that do not recall their cars will be fined for each violation in accordance with changes to the country's air environment protection law.It said offenders could be slapped with upwards to 3 million won (US$2,500) in fines.The ministry said carmakers that fail to upda
Social AffairsJan. 18, 2016
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S. Korea's foreign ministry issues terrorism response manual
South Korea's foreign ministry on Monday issued a terrorism response manual to help people better cope with emergency situations when traveling abroad.The manual comes as terrorists have started to attack so-called soft targets like favorite tourist destinations, shopping malls and transportation hubs, instead of government agencies and military and law enforcement personnel.The move comes after bomb blasts killed and wounded people in Istanbul and Jakarta as part of efforts to sow confusion and
PoliticsJan. 18, 2016
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95-year-old being tried in Germany on Auschwitz allegations
BERLIN (AP) -- A German court says a 95-year-old man will go on trial next month on 3,681 counts of accessory to murder for allegedly serving in the Nazis' Auschwitz death camp.Hubert Zafke is accused of working as a medic in Auschwitz in an SS hospital. Prosecutors argue that in that role, the former SS sergeant helped the death camp function.An appeals court in December ruled he was fit for trial, though the Neubrandenburg state court said Monday that when his trial opens Feb. 29, judges will
Foreign AffairsJan. 18, 2016