Most Popular
-
1
Psy's touch or new trend in music? P Nation’s solo stars lose their shine
-
2
Seoul to hold grand military parade on Tuesday, disrupting major city routes
-
3
Yoon warns North Korea against nuclear attack attempt
-
4
Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
-
5
Miss Universe Korea names 80-year-old model 'best dressed'
-
6
Shut up and dance
-
7
NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
-
8
Israel targets Palestinian group in first strike on Beirut center
-
9
Seoul mayor suggests shift in immigration policy
-
10
Brit pop legend Oasis to perform in Seoul next year
-
Creator of popular baseball cartoon character dies of heart attack
Lee Sang-moo, a South Korean cartoonist who created a popular baseball character in the 1970s, died of a heart attack while working in his Seoul studio on Sunday. He was 70.He began his career under his birth name, Park No-cheol, in 1963, with comic strips in a regional newspaper in Daegu, some 300 kilometers southeast of Seoul. Three years later, he moved to Seoul and began publishing a serial in a comic magazine under his pen name, Lee Sang-moo.The late cartoonist was best known for Dokgo Tak,
Social AffairsJan. 4, 2016
-
Households' unsecured loans up 5% on-year in 2015: data
Unsecured loans taken out by households grew 5 percent on average in 2015 compared with 2014, mainly due to increased borrowing to pay for business-related outlays, cover living expenses and cope with rental security deposits, government data showed Monday.Data by Statistics Korea, the Financial Supervisory Service and the Bank of Korea showed that as of late March 2015, the size of credit loans per household stood at 6.42 million won ($5,480), up from 6.12 million won a year earlier.In the same
Jan. 4, 2016
-
IBK to expand technology-based lending, loans to SMEs
The state-run Industrial Bank of Korea plans to expand its support for small and medium-sized firms this year that will include more funding for startups that have nothing but technologies, the bank's top executive said Monday."Providing liquidity to small and medium-sized enterprises is what IBK is tasked to do," IBK Chairwoman Kwon Seon-joo said.To this end, the bank will expand its technology-based lending to 8 trillion won ($6.79 billion) this year, compared with 6 trillion won in 2015.Unlik
Jan. 4, 2016
-
Hyundai Motor Group cuts sales target to 8.13 mln this year
Hyundai Motor Group's chairman said Monday that its two carmakers aim to produce and sell 8.13 million cars this year, lowering its annual target from a year earlier due to tough market conditions at home and abroad.This is a downgrade from the previous year when the group, which owns Hyundai Motor Co. and Kia Motors Corp., pushed to sell 8.2 million units.Hyundai Motor Group Chairman Chung Mong-koo told his employees during an event marking the start of 2016 that the auto giant sold about 8.01
IndustryJan. 4, 2016
-
North Korea spends quarter of GDP on military from 2002-2012: U.S. data
North Korea spent nearly a quarter of its gross domestic product on the military on average between 2002-2012, making the communist nation the world's No. 1 in terms of military expenditures relative to its GDP, according to U.S. data.According to the State Department's World Military Expenditures and Arms Transfers 2015 report, the North's military expenditures averaged about US$4 billion a year. That accounts for 23.8 percent of the country's average GDP of $17 billion during the period.Oman w
North KoreaJan. 4, 2016
-
Jin Air‘s plane returns to Cebu after takeoff due to safety concerns
A passenger jet bound for South Korea’s southeastern port city of Busan had to return to Cebu soon after takeoff on Sunday due to safety concerns, company officials said.The LJ038 flight of Jin Air Co. carrying 163 passengers left Mactan-Cebu International Airport at 1 a.m. local time. Its return was decided about 20-30 minutes after its takeoff as some “strange noise” was heard from the front door area, according to officials.Jin Air is a low-cost carrier owned by South Korea’s top flag carrier
Social AffairsJan. 4, 2016
-
[BEST BRAND] Korea International School committed to 21st century learning
Korea International School committed to 21st century learningKorea International School focuses on applied learning, where students can apply the knowledge they learn to help creativity, problem solving, and perseverance. Distinctive features of KIS include applied learning labs, an enhanced science, technology, engineering, and math (STEM) curriculum, robotics programs, the MIT exchange program, and inter-disciplinary projects. Creativity is central to KIS’ applied learning initiative, and one
Social AffairsJan. 4, 2016
-
‘Japan, Korea on course to mend fences in 2016’
Seoul and Tokyo will make efforts to harness the positive momentum created by the agreement on wartime sexual slavery for this year and onward, to strengthen trilateral economic cooperation with China and the tripartite alliance involving the U.S, a political scientist highlighted. The landmark accord reached at the tail end of last year to resolve the euphemistically described “comfort women” issue, involving women forced into sexual service for the imperial Japanese army, was “a clear diplomat
Foreign AffairsJan. 3, 2016
-
‘TPP would open doors for SMEs’
Korea’s anticipated membership in the Trans-Pacific Partnership will help the country’s small and medium-sized firms capitalize on overseas markets and will exert pressure on North Korea to open its doors, a respected economist highlighted. Despite Seoul’s belated decision to join the multinational free trade scheme, announced in mid-October, the mega-sized agreement presents myriad opportunities, encompassing goods and services, rules of origin, trade remedies, government procurement, the envir
Foreign AffairsJan. 3, 2016
-
Indian forces try to secure base after attack leaves 11 dead
PATHANKOT, India (AP) -- Indian security forces on Sunday continued to try to secure a major air force base near the border with Pakistan where an attack by suspected militants left at least 11 people dead, amid reports of fresh gunfire at the compound.The attack on the Pathankot air force base, which started before dawn Saturday, left seven Indian troops and four gunmen dead, and is seen as an attempt to undo recent improvements in the relationship between archrivals India and Pakistan.Combing
World NewsJan. 3, 2016
-
Missing Hong Kong booksellers 'working on book on Xi's love life'
HONG KONG (AFP) -- A Hong Kong lawmaker said Sunday he believes Chinese security officers kidnapped five publishing company employees who have gone missing in the city, possibly because of a planned book about the former love life of President Xi Jinping."Hong Kong people are very shocked and appalled," Democratic legislator Albert Ho told a press conference.The five work for a publishing house known for producing books critical of the Chinese government. The disappearances add to growing unease
World NewsJan. 3, 2016
-
Iran, Saudi step up war of words over executed Shiite cleric
TEHRAN (AP) -- Iran's top leader on Sunday warned Saudi Arabia of "divine revenge" over the execution of an opposition Shiite cleric while Riyadh accused Tehran of supporting terrorism, escalating a war of words hours after protesters stormed the Saudi Embassy in Tehran.Saudi Arabia announced the execution of Sheikh Nimr al-Nimr on Saturday along with 46 others, including three other Shiite dissidents and a number of al-Qaida militants. It was largest mass execution carried out by the kingdom in
World NewsJan. 3, 2016
-
Poland shares reconciliation, democratization lessons
A true reconciliation with neighboring nations takes forgiveness and remembrance from the whole of society, Polish Ambassador Krzysztof Ignacy Majka said in an interview last week. Referring to Poland’s postwar rapprochement with Germany, Majka stressed that the majority of a national community, from top to bottom and across the political spectrum, must be involved to keep the conciliatory momentum alive. “Real reconciliation does not have to take place at the high political level. It can come f
Foreign AffairsJan. 3, 2016
-
Jeonse prices likely to go higher this year
More Koreans are expected to struggle to pay higher jeonse prices this year with many tenants postponing plans to buy homes in fears of slowing growth in property value as well as of a potential increase in interest rates.According to market analysts and reports, the greater demand for jeonse ― a scheme popular in Korea where tenants give a large deposit to the landlord upfront in lieu of paying monthly rent ― could push deposit levels to record highs and force more tenants to pay in monthly fee
Jan. 3, 2016
-
Jin Air's plane returns to Cebu after takeoff due to safety concerns
A passenger jet bound for South Korea’s southeastern port city of Busan had to return to Cebu soon after takeoff on Sunday due to safety concerns, company officials said.The LJ038 flight of Jin Air Co. carrying 163 passengers left Mactan-Cebu International Airport at 1 a.m. local time. Its return was decided about 20-30 minutes after its takeoff as some “strange noise” was heard from the front door area, according to officials.Jin Air is a low-cost carrier owned by South Korea’s top flag carrier
Social AffairsJan. 3, 2016
-
Kia to introduce facelifted Mohave SUV next month
The facelifted version of Kia Motors’ sleeper-hit sports utility vehicle, the Mohave, will return to the market in February after a six month-hiatus in production. The Mohave is marketed as the Borrego in North America. According to market reports, the new Mohave will be adjusted with a selective catalytic reduction device attached to its signature V6 3.0 liter-engine in order to reduce greenhouse gas emissions, thus meeting the tightened Euro 6 emission regulations. Kia Mohave. Kia MotorsIt wil
MobilityJan. 3, 2016
-
Domestic car sales will shrink, imported cars will flourish: research
Reflecting global economic woes, the Korean car market is expected to shrink this year, but with robust sales in the sport utility vehicle sector, a local think tank has suggested. “This year, a total of 1.76 million units of cars are expected to be sold in Korea, which is about 3.1 percent down from 1.82 million in 2015,” said Park Hong-jae, chief of the Korea Automotive Research Institute. The institute under Hyundai Motor Group attributed a lack of new models to come ― mainly in the SUV secto
MobilityJan. 3, 2016
-
Seoul, Tokyo to hold high-level economic talks this month
South Korea and Japan are seeking to hold high-level economic talks later this month in Tokyo as the two sides hope to enhance bilateral ties following last month’s breakthrough deal over Japan’s wartime sexual enslavement of Korean women.The 14th Korea-Japan high-level economic consultations are reportedly expected to be held in the middle of this month. The consultations, which have been held since 1999, have been a key venue for the two sides to discuss bilateral trade, investment and other e
Foreign AffairsJan. 3, 2016
-
Constitutional reform debate resurfaces
A debate over a constitutional amendment is likely to expand this year as calls have been cropping up to revise the basic law. The Constitution has often been at the center of political discourse, especially near the end of a presidential term, since South Korea last changed it in 1987.While Cheong Wa Dae has yet to announce that it will seek to change the law anytime soon, some senior lawmakers began to float the idea that the 20-year-old law should be replaced with a new one that reflects the
PoliticsJan. 3, 2016