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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Yoon warns North Korea against nuclear attack attempt
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Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
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Miss Universe Korea names 80-year-old model 'best dressed'
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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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Seoul mayor suggests shift in immigration policy
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Brit pop legend Oasis to perform in Seoul next year
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Seoul shares start higher recovering from China-triggered sell-off
South Korean shares opened higher on Tuesday, recovering from the previous day's plunge triggered by Chinese turmoil, as investors scooped up oversold stocks.The benchmark Korea Composite Stock Price Index edged up 0.49 points, or 0.03 percent, to 1,919.25 in the first 15 minutes of trading.Market heavyweights traded mixed.Top market cap Samsung Electronics slumped 0.08 percent, while global chipmaker SK Hynix rose 2.65 percent.No. 1 automaker Hyundai Motor gained 0.69 percent, and its smaller a
Jan. 5, 2016
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State pension fund logs big profit in first 10 months of 2015: data
South Korea's state pension fund posted a profit of more than 20 trillion won ($16.8 billion) in the first 10 months of 2015 on increased earnings from bond and stock investments, official data showed Tuesday.The National Pension Service (NPS) said its profit reached 20.8 trillion won in the January-October period, with the rate of return standing at 4.24 percent.The profit doesn't take into account premiums paid by people who will receive pensions after they retire.The bulk of the profit, or 10
Jan. 5, 2016
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Ex-U.S. Amb. Stephen Bosworth dies
Stephen Bosworth, a long-time Korea expert who served as U.S. ambassador to South Korea and as Washington's special representative for North Korea policy, has died. He was 76.Bosworth died at his home in Boston on Sunday, according to Johns Hopkins University's School of Advanced International Studies. Bosworth had served as chairman of the U.S.-Korea Institute at SAIS until recently. SAIS did not give the exact cause of his death, but the former diplomat suffered from prostate cancer.Bosworth s
Foreign AffairsJan. 5, 2016
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Korea's current account surplus widens on narrowing service deficit in Nov.
South Korea's current account surplus grew from a month earlier in November as the deficit in the service sector narrowed, nearly offsetting a drop in the goods account, preliminary data from the central bank showed Tuesday.The current account surplus came to US$9.4 billion in November, compared with a revised $9.12 billion surplus in the previous month, according to the data from the Bank of Korea.The November tally, however, marks a significant drop from the$10.76 billion surplus in November 2
Jan. 5, 2016
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U.S. activates fifth THAAD battery: Lockheed Martin
The U.S. Army activated its fifth THAAD missile defense battery at the end of last year, manufacturer Lockheed Martin said Monday.The American defense giant also said that it has been awarded a $528 million contract from the U.S. Missile Defense Agency to produce and deliver interceptors for the Terminal High Altitude Area Defense missile defense system."The U.S. Army activated the fifth of seven programmed THAAD batteries at the end of 2015," the company said in a release without elaborating. T
DefenseJan. 5, 2016
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Trump expresses concern about possibility of North Korea using nuclear weapons
Republican presidential front-runner Donald Trump has expressed concern about the possibility of countries like North Korea using nuclear weapons."Nuclear is a major problem. And we have major problems, because you have other people that would be very fast on that. You look at North Korea, you look at some of these countries, I don't think they would hesitate to use it if they really had it in a proper manner," Trump said on CBS' "Face the Nation" on Sunday.Trump has repeatedly called North Kore
North KoreaJan. 5, 2016
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U.S. says North Korea will be judged by 'actions,' not 'words'
The United States said Monday it will judge North Korea "by its actions, not its words" after the communist nation's leader, Kim Jong-un, pledged efforts to improve inter-Korean ties in his New Year's message.Kim said in the Jan. 1 address that the North will "make aggressive efforts to hold talks and improve relations" with South Korea, saying the country is willing to have talks in an open-minded manner with anyone who wants peace and unification."As we have long said, we support improved inte
North KoreaJan. 5, 2016
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Subs make difference for S. Korea vs. UAE in test football match
Substitutes made all the difference for South Korean men's under-23 football team in the 2-0 victory over the United Arab Emirates in Dubai on Monday, as they jolted a dull match back to life with their energy and pace.To start the first of two test matches before the 2016 AFC U-23 Championship in Qatar -- also the Asian qualifying tournament for the 2016 Summer Olympics -- South Korea head coach Shin Tae-yong left most of his big guns on the bench. Shin later admitted it was by design, so he co
SoccerJan. 5, 2016
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Shanghai, Hong Kong stocks dive on China data
Shanghai stocks plunged almost four percent Monday morning while Hong Kong also tumbled after another batch of data highlighting weakness in China's economy, while dealers are also on edge over flaring Middle East tensions.The benchmark Shanghai Composite Index sank 3.94 percent, or 139.27 points, to 3,399.91, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 5.34 percent, or 123.28 points, to 2,185.63.Hong Kong's benchmark Hang Seng Index lost 2.31 perc
Jan. 5, 2016
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Korea-China relations unlikely to suffer despite improvement in Seoul-Tokyo ties: U.S. expert
Relations between South Korea and China are unlikely to suffer despite Seoul's recent landmark fence-mending agreement with Tokyo to resolve the issue of Japan's wartime sexual slavery, a U.S. expert said Monday.South Korea and Japan reached the agreement last week, removing the biggest thorn in their relations and offering hope for significant progress in U.S. efforts to forge stronger security cooperation with the two allies in a region marked by a rising China."The PRC's warm feelings toward
Foreign AffairsJan. 5, 2016
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S. Korea defeat UAE 2-0 in test before Olympic football
The South Korean men's under-23 football team defeated the United Arab Emirates 2-0 in Dubai on Monday in a test match ahead of next week's Olympic qualifying tournament.Winger Lee Yeong-jae and striker Hwang Hee-chan scored a goal apiece in the second half at Maktoum Bin Rashid Al Maktoum Stadium, where South Korea will next face Saudi Arabia on Thursday in their final prep match before the 2016 AFC U-23 Championship in Qatar Jan. 12-30.The competition will double as the Asian qualifying tourna
SoccerJan. 5, 2016
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KOSPI to be volatile, directionless in 2016
Korea's benchmark stock index KOSPI plunged more than 2 percent on Jan. 4, the first trading day of 2016, on China market rout. (Yonhap)After moving directionless for much of 2015, Korea’s main stock market is expected to trade sideways again in 2016, but with increased volatility, local analysts predict. Their forecasts have the benchmark index KOSPI moving in a range of some 300 to 400 points, roughly between 1,800 and 2,200, as several external factors and weak earnings outlooks weigh down on
Jan. 5, 2016
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S. Korea calls on Japan not to hurt deal on sex slaves
South Korea reiterated its call on Japan Monday to refrain from making comments or taking actions that could damage the spirit of their rare deal over Tokyo's sexual enslavement of Korean women during World War II.Seoul's reaction came as Japanese Foreign Minister Fumio Kishida said earlier in the day that there is no change in Japan's understanding that a statue symbolizing South Korean victims of Tokyo's sex slavery in front of Japan's Embassy in Seoul will be relocated at a proper manner.The
Foreign AffairsJan. 4, 2016
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N.K. top diplomat may attend Davos forum after 18 years of no-show: sources
North Korean Foreign Minister Ri Su-yong may attend this year's annual meeting of the World Economic Forum, the first move in 18 years by a North Korean top diplomat, sources said Monday.A North Korean delegation to be headed by Ri may attend the so-called Davos forum to be held in Switzerland from Jan. 20-23, according to sources. The North is discussing the details over with the host, they said.If confirmed, it would be the first time in 18 years that a North Korean foreign minister was to joi
North KoreaJan. 4, 2016
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Park pushes parties for reform
President Park Geun-hye urged political parties to support her reform efforts and invest more in improving people’s livelihoods in her first meeting with the country’s key officials this year.She also expressed hope that the political circles would regain the public’s trust by eradicating corruption and correcting “abnormalities.”“Our future and that of our descendants depend on the ongoing economic reform and national innovation plans,” Park said on Monday, in her New Year’s meeting with key of
PoliticsJan. 4, 2016
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[Newsmaker] Parties look to Ban as game changer
With the imminent launch of a new centrist political party by Ahn Cheol-soo, the leading parties are accelerating their search for a game changer: a well-known and respected public figure who can unite their flock and engage swing voters; somebody like United Nations Secretary-General Ban Ki-moon.So far, the ruling Saenuri Party appears to have the upper hand over the main opposition, the Minjoo Party of Korea.Ban, in a telephone conversation with President Park Geun-hye on New Year’s Day, comme
PoliticsJan. 4, 2016
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Hyundai Motor sets modest sales target
Hyundai Motor Group chairman Chung Mong-koo on Monday set a global production and sales target of 8.13 million units for the world’s fifth-largest carmaker in 2016. The target is about 1 percent down from 2015’s goal of selling 8.2 million units. The carmaker managed to sell 8.01 million units last year, about 2.4 percent short of its initial target. Chung attributed the volatile Chinese market to the shortcoming. “As we all can see, the Chinese market has been weaker than expected, which is the
MobilityJan. 4, 2016
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Shipbuilders vow profit turnaround
The Okpo shipyard of Daewoo Shipbuilding & Marine Engineering (Yonhap) CEOs of the nation’s top three shipbuilders -- Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries -- vowed to make a turnaround this year in their respective New Year’s messages on Monday. “The market will not wait for us anymore unless the company makes a profit this year,” HHI CEO Kwon Oh-gap said, presenting the firm’s annual order target of $19.5 billion for 2016, down $3.4
BusinessJan. 4, 2016
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Chinese stock markets closed after shares fall
Chinese stock markets closed after shares fall 7%SHANGHAI (AFP) -- Chinese authorities for the first time closed the Shanghai and Shenzhen stock exchanges early under a “circuit breaker” mechanism to curb volatility after shares fell seven percent Monday, raising concern over their commitment to market openness.China‘s stock indices plummeted in mid-2015 as a debt-fuelled bubble burst, sending ripples through global exchanges and wiping trillions from market capitalizations.The falls prompted wi
World BusinessJan. 4, 2016
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Jin Air's emergency landing stirs budget airline safety fears
Disputes escalated over the safety of low-cost carriers Monday after a passenger jet of Jin Air made an emergency landing because a door was not properly closed.The LJ038 flight of Jin Air Co., owned by Korean Air, returned to Mactan-Cebu International Airport at 1 a.m. local time, about 20-30 minutes after it departed for Busan. The decision was made by the pilot as the plane carrying 163 passengers was flying at an altitude of 10,000 feet, or about 3,000 meters. The captain made the call after
IndustryJan. 4, 2016