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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Miss Universe Korea names 80-year-old model 'best dressed'
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
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Makgeolli exports to Japan in the doldrums
South Korea's exports of makgeolli, a traditional rice wine, to Japan have been in the doldrums since 2011 when they peaked at $48.4 million, government and industry data showed Monday.Exports of makgeolli to the neighboring country rose sharply since the late 2000s thanks to the rising popularity there of Korean pop culture, called "hallyu," and the strong value of the Japanese currency. Shipments rose over eightfold from $5.4 million in 2009 to $15.6 million in 2010 and $48.41 million in 2011,
Jan. 11, 2016
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Seoul shares down 0.77 pct in late morning trade
South Korean stocks traded 0.77 percent lower late Monday morning on losses in tech shares.The benchmark Korea Composite Stock Price Index lost 14.76 points to 1,902.86 as of 11:20 a.m.Market heavyweights traded mixed with tech giant Samsung Electronics losing 1.71 percent.Global chipmaker SK hynix shed 2.36 percent, while top mobile carrier SK Telecom lost 2.16 percent.No. 1 automaker Hyundai Motor gained 1.10 percent, and its smaller affiliate Kia Motors advanced 0.62 percent.The local currenc
Jan. 11, 2016
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Korea's home sales hit record high in 2015
South Korea's home sales reached an all-time high in 2015, the government said Monday, apparently buoyed by a series of government measures to boost the local property market.The number of home transactions surged 18.8 percent on-year to 1,193,691 last year, marking the largest annual tally since 2006, when the government started to compile the data, according to the Ministry of Land, Infrastructure and Transport.It also rose for a third consecutive year to hit a fresh record high after plunging
Jan. 11, 2016
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N. Korea expands loudspeaker broadcasts to counter South
North Korea has expanded its own loudspeaker broadcasts along the inter-Korean border as a counteraction to South Korea's retaliatory broadcasts critical of the communist nation, sources said Monday.In retaliation for North Korea's nuclear test last Wednesday, the South resumed its anti-Pyongyang broadcast campaign two days later, a form of psychological warfare detested by the communist country, where outside information is tightly blocked out. "The North initially operated its own loudspeakers
North KoreaJan. 11, 2016
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Exports of industrial parts, materials decline in 2015
South Korea's exports of industrial parts and materials slipped last year from a year earlier due to weak global demand, with its trade surplus in the sector also edging down, the trade ministry said Monday.Outbound shipments of industrial parts and materials fell 4.1 percent on-year to $264.7 billion, accounting for 50.2 percent of the country's overall exports last year, according to the Ministry of Trade, Industry and Energy.Exports of industrial parts dropped 0.2 percent on-year to $187.5 bi
Jan. 11, 2016
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Korea to further limit entry into joint industrial park
South Korea said Monday it will further limit access by its nationals to a joint industrial park in North Korea to ensure their safety following the North's claimed test of a hydrogen bomb last week.The Unification Ministry said that it plans to only permit entry by a "minimum" number of South Koreans to the Kaesong Industrial Complex in the North's border city of the same name. The move will be effective starting Tuesday.A total of 124 South Korean firms are running factories with about 54,000
DefenseJan. 11, 2016
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Kia Motors unveils all-new K7 sedan
Kia Motors Corp., South Korea's second-ranked carmaker, disclosed its full change version of the K7 large-size sedan on Monday equipped with its own eight-speed transmission that enhances overall fuel efficiency and driving performance.The all-new K7, whose official sales will start in late January, was disclosed to the media early in the day during a preview event at its Namyang R&D Center, southwest of Seoul.Equipped with its own front-wheel eight-speed transmission for the first time, the lat
IndustryJan. 11, 2016
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Panel makers to roll out more curved TV panels
Samsung Electronics Co. Ultra Slim SUHD Quantum dot display tv (Bloomberg)Global panel makers are expected to produce more high-end curved panels this year to maintain their competitive edge in the face of a slowing TV market, industry sources said Monday.Worldwide shipments of curved liquid crystal display TVs are expected to reach 12.5 million units in 2016, up sharply from the 6.1 million units last year, according to data compiled by China-based market tracker Sigmaintell. In 2015, Samsung D
BusinessJan. 11, 2016
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KOSPI off to a bearish morning
KOSPI (Bloomberg)South Korean share prices opened sharply lower on Monday to track losses on Wall Street last week.The benchmark Korea Composite Stock Price Index fell 17.57 points, or 0.92 percent, to 1,990.05 in the first 15 minutes of trading.At around 10:30 a.m., the index further fell to below the 1,900 mark. Most large caps opened in negative territory with Samsung Electronics slipping 1.62 percent. No. 1 automaker Hyundai Motor lost 1.47 percent with its smaller affiliate Kia Motors shedd
BusinessJan. 11, 2016
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Finance minister nominee set to tackle downside risks
South Korea's finance minister said Monday that he will take all measures including frontloading of the state budget to counter possible downside risks in the first quarter in a bid to prop up the sluggish economy."If I take up duties as the deputy prime minister for economic affairs, I will do my best to bring the South Korean economy back on track and make it healthier," Yoo Il-ho, who was tapped last month as the minister of strategy and finance, said in his confirmation hearing."I will make
Jan. 11, 2016
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Park's approval rating edges up amid tensions with N. Korea
President Park Geun-hye's job approval rating edged up slightly amid heightened tensions on the Korean Peninsula following North Korea's hydrogen bomb test.A poll released by polling agency Realmeter Monday showed 44.6 percent of people approved of the job Park is doing, up 2.1 percentage points from a week earlier.Those who disapproved of Park's job performance came to 51 percent, down 2 percentage points from a week earlier.It said the uptick in Park's approval rating came as conservatives --
PoliticsJan. 11, 2016
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Samsung SDI showcases most power-efficient EV battery
Samsung SDI Co., the battery-making unit of the Samsung Group, on Monday showcased its latest battery cell for electric vehicles, which can run 600 kilometers once fully charged.The company said it plans to start mass production of the prototype battery cell, unveiled at the North American International Auto Show in Detroit, in 2020. The performance beats the previous record of 500 kilometers.Samsung SDI estimates the global market for EVs, which stood at 278,000 units in 2015, will reach 1.16 m
IndustryJan. 11, 2016
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Foreigners' heavy sell-off weighs on stock market
Foreign investors' selling binge of local shares has shown no signs of abating as they dumped risky bets amid concerns over China's economic slowdown and its aftereffects on emerging markets, analysts said Monday. According to the data compiled by the Korea Exchange, offshore investors have been on a selling mode since Dec. 2, except for a brief turnaround to a net-buying mode Wednesday, offloading a net 3.96 trillion won worth of shares traded on the main Korea Composite Stock Price Index marke
Jan. 11, 2016
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Korean reliever Oh Seung-hwan to sign with Cardinals
South Korean free agent reliever Oh Seung-hwan is poised to join the St. Louis Cardinals, according to multiple reports on Monday.Oh, South Korea's career leader in saves, has reportedly passed his physical with the reigning National League Central champion, and the Cardinals are expected to formally introduce him at a press conference on Monday, local time.The 33-year-old right-hander declared free agency last year after completing his second season with the Hanshin Tigers in Japan's Nippon Pro
SportsJan. 11, 2016
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U.S. military resumes training in S. Korea
The United States military stationed in South Korea had resumed its training at its firing range in Gyeonggi Province as of Saturday, three days after North Korea claimed to have successfully carried out a hydrogen bomb test. An AH-64 Apache helicopter is seen firing a missile Sunday near the Rodriguez Live Fire Complex in Pocheon, Gyeonggi Province. (Yonhap)The U.S. forces had ceased training at the Rodriguez Live Fire Complex in Pocheon after a missile shot from the facility had struck an uno
DefenseJan. 11, 2016
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[포커스] 직장내 괴롭힘 지능화되고 잔혹해져
Workplace bullying gets smarter, cruelerIt wasn’t too hard for Yoon Eun-ji -- not her real name -- to find out that her senior colleague had been bullied by one of the executives of her company earlier this year. It wasn’t difficult because the board member made it very clear that she was not happy with her pregnant colleague.“The executive humiliated her in front of everyone,” said the 29-year-old, who works for a local conglomerate. “She yelled at the pregnant woman. One of the things the exec
영어뉴스따라잡기Jan. 11, 2016
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[사설] 해외에서의 안전
Safety abroad해외에서의 안전<11월11일자 사설>The growing tide of violent crimes against Koreans in the Philippines has prompted the Korean authorities to increase support for the Philippine police. 필리핀에서 한국인 대상 강력범죄가 급증하자 한국 당국이 필리핀 경찰에 대한 지원을 강화하고 있다. Kang Sin-myeong, commissioner general of the Korean National Police Agency, said that the KNPA was looking for ways to help the Philippine police investigate crimes involving Korean nationals in the Philippines. Attesting to the gravity of the situation, Kang
영어뉴스따라잡기Jan. 11, 2016
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[에니즈] 선물 딜레마
Gifting dilemmaDear Annie: Please help us with an upcoming dilemma. Our son, daughter-in-law and grandchildren all live in another state. We spend Christmas with them every other year. In October, our daughter-in-law told our son she was leaving him, but would wait until after Christmas to tell the children so as not to upset them during the holidays. She has decided that she would rather run around with her single girlfriends from work, but right now, she still remains in the home they own. She
영어뉴스따라잡기Jan. 11, 2016
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[포커스] 전직 교사 자선 활동에 30년 헌신
Former teacher dedicates 30 years to charity workAs volunteers of all ages, occupations and causes lined up wearing Korean Red Cross uniforms and chef hats at the headquarters in Jongno, central Seoul, one instructor taught them the steps of splitting the dough to make cream cakes.Hours later, sponge cakes and sweet bread came out from the oven. Looking at their warm, puffy creations, the cooks beamed as they imagined them being doled out to those in need, a daily routine for the volunteer worke
영어뉴스따라잡기Jan. 11, 2016
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Kakao to acquire MelOn operator
Kakao Corp., the country’s leading mobile messenger operator said on Monday that it will acquire a controlling stake in music streaming company LOEN Entertainment. Kakao will purchase a 76.4 percent stake worth 1.87 trillion won ($1.54 billion) in LOEN, operator of MelOn. Kakao’s mobile messenger KakaoTalk is used by around two-thirds of South Korea’s 50-million population. LOEN’s MelOn has 28 million local users.“Music is one of the most loved content genres in the mobile era,” said Jimmy Rim,
IndustryJan. 11, 2016