Most Popular
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AI textbook bubble could burst, expert warns
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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North Korean trash balloons cross border day after Seoul military parade
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Prosecution closes 'Dior bag' case amid opposition uproar
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Court confirms sentence for rapper who attempted to evade national service
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[Photo News] Armed Forces Day
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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[Kim Seong-kon] Understanding uniquely American things
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European-language translations of Korean novels win big at awards
This year’s Korean Literature Translation Awards went to French, Spanish, Italian and Vietnamese translations of Korean novels, the Literature Translation Institute of Korea announced Wednesday.“This year, the European-language translations excelled in quality, were released through prominent local publishers, and received praise from the local media,” said poet and head of the awards panel Moon Jung-hee in a statement on the reasons behind the selection. Three out of the four recipients were Eu
BooksNov. 4, 2015
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Amgen launches Korean affiliate
Amgen, a leading global biopharmaceutical company, officially launched a new affiliate in South Korea on Tuesday, pledging to take the lead in introducing innovative treatments to local patients.The U.S.-based biopharma giant -- best known for its blockbuster rheumatoid arthritis drug Enbrel as well as Neulasta and Neupogen, white blood cell booster drugs used after chemotherapy -- plans to launch new treatments for cancer as well as cardiovascular, rheumatic, blood and bone diseases in Korea.Am
IndustryNov. 4, 2015
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[팟캐스트](118) 역사교과서 국정화 발표 외 1건
진행자: 석지현, Paul Kerry 1. 정부, 역사교과서 국정화 발표 기사요약: 정부가 현행 검정제는 실패라는 판단 하에 2017년부터 중고등학교 역사교과서의 국정화 방침을 확정 고시했다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 Korea confirms state textbook plan [1] Prime Minister Hwang Kyo-ahn announced Tuesday that South Korea would officially reinstate government-issued history textbooks for secondary education from 2017, saying that the current system had failed after four
PodcastNov. 4, 2015
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Victim’s mother in ‘Itaewon murder’ calls for heavy punishment
The mother of a South Korean victim in the Itaewon murder case nearly two decades ago took the witness stand and asked the court to heavily punish her son’s murderer at the court hearing on Thursday. “Judges and prosecutors, please slap our son’s murderer with the heaviest punishment for our son who unfairly died,” Lee Bok-soo, 73, who lost her son in 1997, said in the courtroom at Seoul Central District Court. Victim's mother, Lee Bok-soo (Yonhap)The remark came after the court opened a fresh
Social AffairsNov. 4, 2015
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NCSoft to renew focus on mobile games next year
After its earnings during the July-September period nosedived, game developer NCSoft vowed to beef up its global operations, especially in the mobile game segment.Yoon Jae-soo, chief financial officer of the Korean game company, said in a conference call Wednesday that the company would recruit “up to 100” more developers at its mobile game studio in Silicon Valley. NCSoft CEO Kim Taek-jin.The announcement is in line with the company’s initiatives to diversify its business portfolio in order to
TechnologyNov. 4, 2015
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Rival parties polarized on history textbook row
The National Assembly was polarized for the second day in a row Wednesday as the opposition continued to boycott parliamentary sessions in protest against the government's decision to reintroduce state history textbooks.On Tuesday, the government announced that it will revise the current textbook publication system so that secondary school students can learn Korean history with national textbooks starting in the 2017 school year. Lawmakers of the main opposition New Politics Alliance for Democra
PoliticsNov. 4, 2015
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Webtoons eye overseas markets
Once considered “hazardous” to the young, comics in Korea are having their moment in the sun with webtoons, or web comics, hailed as holding the potential to become the country’s next driver of hallyu, or the Korean Wave. “In the ’80s, comics were considered bad and were burnt. But now, they are being displayed at special exhibitions and events, representing Korea’s culture in the world,” Lee Chung-ho, president of the Korea Cartoonists Association, said at the 15th Cartoons Day event in Seoul o
CultureNov. 4, 2015
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Korea's FTAs top appeal for foreign investors: poll
Overseas investors believe South Korea's global trading network established by free trade agreements makes the country an attractive investment destination, a poll showed Wednesday. According to the survey conducted by the Korea Trade-Investment Promotion Agency, 18 percent of foreign investors said the country's vast free-trade network makes the market favorable over other destinations in Asia. The poll was conducted from Oct. 13-15 on 111 foreign investors during Foreign Investment Week 2015
Nov. 4, 2015
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Korean exports to drop 9% in Q4: think tank
South Korea's exports are expected to contract in the fourth quarter due to a lingering slump in global demand, but its pace will slightly slow down, a think tank said Wednesday. The Korea Exim Bank Oversea Economic Research Center said the value of outbound shipments by Asia's fourth-largest economy will likely decrease 9 percent on-year in the October-December period. The country's exports reached US$128.3 billion won in the July-September period, dropping 9.5 percent from a year earlier. T
Nov. 4, 2015
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Seoul shares up 0.12% in late-morning trade
South Korean stocks edged up 0.12 percent late Wednesday morning amid optimistic U.S. economic data. The benchmark Korea Composite Stock Price Index gained 2.4 points to 2,045.53 as of 11:20 a.m. Oil refiners led the increase, with industry leader SK Innovation rising 2.13 percent and No. 3 S-Oil adding 1.29 percent. Leading automaker Hyundai Motor rose 0.62 percent after revealing its plan to launch a new global brand, while its sister Kia Motors moved up 1.03 percent. Big-cap Samsung Group
Nov. 4, 2015
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Park vows to join efforts to make better world through education
President Park Geun-hye vowed Wednesday to join international efforts to make a better place through education, noting it is a key to meeting challenges facing the world. "South Korea will become an active partner" to international efforts, Park said in a video message to the Seoul forum on global human resources. Participants included former Singaporean Prime Minister Goh Chok Tong. Park did not give further details. In September, Park announced at the U.N. that South Korea will donate US$20
PoliticsNov. 4, 2015
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Korean defense minister to call for North Korea's denuclearization in forum
Defense Minister Han Min-koo plans to call for efforts to denuclearize North Korea during regional defense talks being held in Malaysia on Wednesday. The general session for the ASEAN Defense Ministers' Meeting-Plus kicked off Tuesday for a three-day run in Kuala Lumpur, involving the 10 ASEAN nations plus eight dialogue partners including South Korea, Japan, China Russia and the United States. During his planned speech to the ADMM-Plus general meeting, Han will urge participating countries to
North KoreaNov. 4, 2015
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Seoul, Tokyo confirm thousands of remains of Korean wartime forced laborers
More than 2,700 sets of remains in Japan were identified as Koreans who were forced into labor during the Japanese colonial rule, a South Korean commission said Wednesday. It is the first time that the number of remains of Korean laborers confirmed by South Korea and Japan has been made public. The sides found 2,745 remains from 340 sites since 2005 when they launched a joint investigation, according to the commission affiliated with the prime minister's office. It said the number of remains
InternationalNov. 4, 2015
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Number of temporary workers rises as more elderly people join workforce
The number of temporary workers in South Korea rose in August from a year earlier as more elderly people joined the workforce, government data showed Wednesday. The economic active population report by Statistics Korea showed the number of temporary workers rising by 194,000 on-year to a little more than 6.27 million in the cited month. The total accounted for 32.5 percent of all salaried workers, or a 0.1 percentage point gain from a year earlier. The number of hourly, contingent and non-stan
Social AffairsNov. 4, 2015
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Hyundai Motor launches global premium brand Genesis
Hyundai Motor, the nation’s top automaker, officially launched its global premium brand ‘Genesis’ in Seoul on Wednesday in its efforts to respond to the fast-growing luxury auto market and take another leap forward. Like Toyota’s premium brand Lexus, Genesis will compete with the world’s most renowned luxury brands, Hyundai Motor vice chairman Chung Eui-sun said in his presentation. Hyundai’s Vision G Concept Coupe displayed at the launch event of Genesis, the company’s global luxury brand, in
IndustryNov. 4, 2015
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41% of top 100 firms change over decade: data
More than 40 percent of South Korea's top 100 listed companies have changed over the past 10 years, with domestic-oriented firms unseating exporters, data showed Wednesday. Twenty-four companies made it for the first time on this year's top 100 company list in terms of market capitalization after making a stock market debut, and 17 did so thanks to better performances compared to their 2005 ranking, according to the data compiled by the local market researcher, CEO Score. Of the 41 outgoing fi
IndustryNov. 4, 2015
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Navy to perform regular defense drill on Dokdo next week
The Navy plans to carry out its regular defense exercise over Dokdo next week, the easternmost South Korean islets claimed by Japan, a Navy official said Wednesday. "The exact date of the drill could be adjusted depending on weather conditions," the Navy official said. The Coast Guard will also join the Dokdo drill, which South Korea has been conducting every spring and autumn since its inception in 1986. A total of 10 warships, including a surface vessel and a guided-missile patrol killer,
DefenseNov. 4, 2015
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Korea's foreign reserves rise $1.49 bln in Oct.
South Korea's foreign exchange reserves grew slightly from a month earlier in October, largely on an increase in overseas deposits, the central bank said Wednesday. The country's foreign exchange reserves came to $369.6 billion as of the end of October, gaining $1.49 billion from a month earlier, according to the Bank of Korea. South Korea's foreign exchange reserves rose for the second consecutive month in October, with the amount increasing $180 million in September from the previous month.
Nov. 4, 2015
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Ex-South Korean football coach Hiddink to visit North Korea
Former South Korea football coach Guus Hiddink will visit North Korea this week to open a futsal stadium, officials said Wednesday. According to Guus Hiddink Foundation, the Dutchman will travel to Pyongyang on Thursday for a three-day trip to attend the groundbreaking ceremony for his "Dream Field," a futsal stadium for visually impaired players. Futsal is a type of football played mainly indoors with five players a side and a smaller ball. Hiddink is also scheduled to meet with North Korean
Social AffairsNov. 4, 2015
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Korean firms to boost DRAM output to tackle China's rise
South Korean chipmakers are expected to expand their production of dynamic random access memory chips despite falling market prices in a bid to cope with the rise of Chinese rivals, industry sources said Wednesday. The global contract price for a DDR3 4GB module, the standard in setting the price of DRAMs, came to $16.7 in October, down 9.5 percent from $18.5 posted in September, the data compiled by industry tracker DRAMeXchange showed. DRAMeXchange, however, said South Korea-based Samsung El
IndustryNov. 4, 2015