Most Popular
-
1
Psy's touch or new trend in music? P Nation’s solo stars lose their shine
-
2
Yoon warns North Korea against nuclear attack attempt
-
3
Seoul to hold grand military parade on Tuesday, disrupting major city routes
-
4
81-year-old model awarded ‘best dressed’ in Miss Universe Korea
-
5
Shut up and dance
-
6
Seoul mayor suggests shift in immigration policy
-
7
NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
-
8
Israel targets Palestinian group in first strike on Beirut center
-
9
Brit pop legend Oasis to perform in Seoul next year
-
10
'Smart pill'? ADHD treatment prescriptions spike this year
-
Lee Min-jung, Rain to star in new TV series
Actress Lee Min-jung is to return to the small screen for the first time in two years in a new TV series set to air in February, her agency MSteam Entertainment said Monday. Lee will star in TV drama series “Goodbye, My Beloved” as struggling widow and part-time employee Shin Da-hye. The show is based on the Japanese novel “Seven Days of Manager Tsubakiyama,” by Asada Jiro. Lee will play alongside singer-turned-actor Rain, who last week confirmed he will star as male lead Lee Hae-joon, an offi
TelevisionDec. 28, 2015
-
[Park Sang-seek] My 10 most important global issues of the year
It is almost customary for the world’s mass media to publish lists of the top 10 news events toward the end of each year. I have selected the top 10 issues that have significant implications for the global order and the future of humanity. First, international and national terrorist organizations have rapidly increased and become more violent and barbaric. According to Wikipedia, there were 176 terrorist organizations in 2014. An absolute majority of them were fundamentalist Islamic organization
ViewpointsDec. 28, 2015
-
E-Mart opens first outlet in Vietnam
E-Mart said Monday it has opened its first outlet in Vietnam, with aims to expand its presence across the Southeast Asian region in the years to come. The discount store chain operated by Korea’s retail giant Shinsegae will be competing with Lotte Mart, which has been operating 11 stores in Vietnam since 2011.E-Mart’s new store located in the Go Vap District in Ho Chin Minh City, Vietnam. (E-Mart) The new E-Mart store -- two stories tall and about 30,000 square meters wide -- is located in the
IndustryDec. 28, 2015
-
Cronyism causes worst kind of inequality
Economic inequality has skyrocketed in the U.S. during the past few decades. That has prompted many calls for government policies to reverse that trend. Defenders of the status quo argue that rising inequality is a necessary byproduct of economic growth -- if we don’t allow people the chance to become extremely rich, the thinking goes, they will stop working, investing, saving and starting businesses. A receding tide will then cause all boats to sink. Critics of the status quo have responded wi
ViewpointsDec. 28, 2015
-
Terrorists with assault weapons rewrite script
Over the last 15 years, Americans have become accustomed to distinguishing domestic mass shootings from Islamic terrorism -- the difference between Columbine and the Sept. 11 attacks, if you will. In 2015, that conceptual division broke down with the massacre in San Bernardino, California. It wasn’t the first domestic act of terrorism inspired by Islam -- Army Major Nidal Hasan’s attack on Fort Hood and the Boston Marathon bombing both featured American Muslim terrorists. But San Bernardino was
ViewpointsDec. 28, 2015
-
Fight poverty from radical political center
The main casualty of Washington’s endless partisan squabbling is a pragmatic approach to policy -- meaning one that prefers results to noise. Ideological warriors of left and right say centrism of this kind is mere cover for cynical deal-making, splitting the difference and substituting platitudes for principles. They’re wrong, and proof is at hand. A working group convened by the (conservative) American Enterprise Institute and the (liberal) Brookings Institution has just produced an excellent
ViewpointsDec. 28, 2015
-
SK Telecom bets big on media content
In a bid to brace for cutthroat competition with global media content platform companies including Netflix, mobile carrier SK Telecom has been trying to beef up its capabilities in the media segment through mergers and acquisitions.SKT, which wholly owns Internet Protocol TV operator SK Broadband, announced earlier this year that it would take over CJ Hellovision, the No. 1 cable TV firm in Korea.Following the planned acquisition of the CJ Group affiliate, the mobile carrier will merge the two e
TechnologyDec. 28, 2015
-
Aeroflot Russian Airlines boasts service excellence
Aeroflot Russian Airlines, one of the largest and oldest airline companies in Europe, takes pride in offering customers top quality services, safety and convenience in the air.As Russia’s flagship carrier, Aeroflot currently operates one of the newest aircraft lineups in the world -- 167 Airbus, Boeing and Sukhoi airliners -- to boost aviation safety and performance punctuality.A member of the SkyTeam global airline alliance since 2006, Aeroflot and its partners serve 1,057 destinations in 179 c
IndustryDec. 28, 2015
-
Japan officially apologizes, offers funds
Japan on Monday expressed its apology and contrition for its colonial-era sexual enslavement of Korean women, and agreed to provide 1 billion yen ($8.3 million) for a foundation to be established by South Korea to support the surviving victims.The Tokyo government also said that it “felt strongly” about its responsibility for the issue “involving the Japanese military” that has been at the core of South Korea’s historical resentment toward its onetime colonizer -- from 1910-45.(Yonhap)The move c
Foreign AffairsDec. 28, 2015
-
Korea confirms thousands of wartime forced labor sites
More than 8,300 places on the Korean Peninsula have been identified as wartime forced labor sites during Japanese colonial rule, a South Korean commission said Monday.It is the first time that the number of labor sites on the peninsula has been confirmed by the South Korean government. A total of 8,329 sites have been found since 2005, compared with 4,119 sites in Japan, the commission affiliated with the prime minister's office said. The sites can be proof to show Japan's use of the peninsula a
Foreign AffairsDec. 28, 2015
-
Korea, Japan strike deal on 'comfort women'
South Korea and Japan reached a landmark deal on Monday to resolve the issue of Korean women forced into sexual slavery for Japanese soldiers during World War II.Foreign Minister Yun Byung-se and his Japanese counterpart, Fumio Kishida, announced the agreement after talks at the Foreign Ministry in Seoul, which centered on Japan's admission of responsibility for the wartime crime and plans to pay reparations to the victims."The comfort women issue is an issue whereby many women under the then mi
Foreign AffairsDec. 28, 2015
-
Seoul shares fall 1.34% on Samsung losses
South Korean stocks tumbled 1.34 percent on Monday as top conglomerate Samsung's affiliates retreated after the regulator's call to resolve cross shareholding issues. The local currency rose against the greenback.The benchmark Korea Composite Stock Price Index shed 26.59 points to end at 1,964.06. Trade volume was thin at 389.69 million shares worth 3.75 trillion won ($3.22 billion), with losers outnumbering winners 548 to 278.Losses by Samsung affiliates dragged the index down after the Fair Tr
Dec. 28, 2015
-
Samsung considers biotech partners to unload shares: report
Samsung Group is considering selling off Samsung C&T shares owned by Samsung SDI to its bio technology partners, possibly global pharmaceutical companies, The Herald Business reported Monday. The report came after South Korea’s Fair Trade Commission on Sunday said the group’s cross-shareholding among affiliates was strengthened following the Sept. 1 merger between Samsung C&T and Cheil Industries. Citing the nation’s antitrust rules that prohibit conglomerates from creating a new circular owners
TechnologyDec. 28, 2015
-
Marine commander orders 'perfect' combat readiness on frontline islands
Marine Corps Commander Lt. Gen. Lee Sang-hoon instructed his troops to maintain tight combat readiness as he inspected the defense postures of the two frontline islands facing North Korea on Monday.The commander visited Marine Corps units on the western border islands of Maldo and Udo along the Northern Limit Line, the de facto maritime demarcation between the two Koreas, earlier in the day, according to the Marine Corps. "Udo and Maldo are something akin to the point of a sword in the Marine Co
DefenseDec. 28, 2015
-
Hyundai aims to push Genesis brand through new exec
South Korea's top carmaker Hyundai Motor Group tapped an ex-Lamborghini designer Monday to market its high-end Genesis brand during its latest personnel shuffle.Manfred Fitzgerald will be in charge of leading Hyundai's strategy for its Genesis brand at home and abroad, the carmaker said.Fitzgerald joined Italy-based Automobili Lamborghini S.p.A. in 1999, and took charge of the firm's marketing between 2006 and 2011. Industry watchers said his contributions solidified Lamborghini's presence aroun
MobilityDec. 28, 2015
-
Korean man indicted over alleged Yasukuni bombing
Japanese prosecutors indicted a South Korean man for the suspected bombing of a public restroom at a Tokyo war shrine last month, news reports said Monday.The 27-year-old suspect, identified only by his surname Chon, is charged with breaking into the premises on Nov. 23 and was taken into custody, Kyodo News agency reported.Chon was arrested earlier this month shortly after voluntarily returning to Tokyo by plane.An explosion was heard inside the shrine on the morning of Nov. 23. Police found a
Social AffairsDec. 28, 2015
-
Doosan Heavy wins 1.1 tln won order in India
Doosan Heavy Industries & Construction Co., South Korea's top power equipment maker, said Monday it has won a 1.1-trillion won ($939 million) deal to build a power plant in India.Under the deal with NTPC Ltd., India's state-run energy service company, Doosan's India-based arm, Doosan Power Systems India Pvt., will build a new 4,000 megawatt power plant in Andhra Pradesh, eastern India.Doosan said it will be in charge of the engineering, procurement and construction of the project that will run t
IndustryDec. 28, 2015
-
Think tank calls for tougher rules against cross shareholding
A state-run think tank on Monday called for fresh measures to prohibit what it calls new and dubious ways to set up cross-shareholding arrangements by large conglomerates, also urging efforts to unwind existing schemes.In a policy report, the Korea Development Institute noted that cross shareholding among subsidiaries of large companies with more than 5 trillion won ($4.28 billion) in total assets have been prohibited July 2014 when the related law went into effect.The report, however, claimed m
Dec. 28, 2015
-
Korea to allocate 78.9 bln won in fostering digital signage
South Korea's ICT ministry said Monday it will spend 78.9 billion won ($67.3 million) to nurture the digital signage industry in line with its efforts to foster new growth engines.Under the plan, the Ministry of Science, ICT, and Future Planning will make the investments through 2018 into expanding support to related startups while abolishing unnecessary regulations.Digital signage refers to display devices that show advertisements and information in public or commercial areas through networks.
TechnologyDec. 28, 2015
-
Park calls for measures to boost domestic consumption
President Park Geun-hye pushed on Monday for measures to bolster domestic spending next year to aid in getting South Korea's economic growth back on track.The government expects the local economy to grow 3.1 percent next year while most private think tanks forecast that the economy could hover below 3 percent due to sluggish growth in exports and weak consumer spending."We need to come up with measures to boost domestic consumption," Park said in a meeting with senior secretaries at Cheong Wa Da
Dec. 28, 2015