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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Ex-presidential official’s leaked phone call rattles conservative bloc
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Court confirms sentence for rapper who attempted to evade national service
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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Man escapes DUI charges by downing bottle of soju while pulled over
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[Kim Seong-kon] Understanding uniquely American things
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Science ministers to discuss global issues in Daejeon
The gathering of science ministers from around the globe is ready to kick off its five-day run in South Korea later this week, organizers said Sunday, where countries will discuss ways to utilize technology to benefit mankind.The OECD Ministerial Meeting Daejeon 2015, World Science & Technology Forum that runs from Monday through Friday will commence in Daejeon, a city packed with science institutes located 164 kilometers south of Seoul.Along with the members of the Paris-based Organization for
TechnologyOct. 18, 2015
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Kim Jong-il orders development of satellite in 1987: defector
Former North Korean leader Kim Jong-il ordered the development of a satellite in 1987, a former senior North Korean official said in a recently published memoir.Kim gave the order as he said North Korea should be capable of hitting the United States, said Kim Duk-hong, former deputy head of research at North Korea's ruling Workers' Party."There is nothing to be scared about once we develop a satellite," Kim quoted the former North Korean leader as saying in the memoir, citing documents that he a
North KoreaOct. 18, 2015
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Seoul Fashion Week: Colorful season for men
As Seoul has a reputation for fashionable men whose devotion to fashion and skincare tops in the world, menswear collections by Seoul-based designers are some of the must-see shows during Seoul Fashion Week. K-pop stars rocked the 2016 spring-summer menswear shows on Friday and Saturday. R&B singer Zion.T, singer Gangnam and movie stars stole the spotlight in the front rows. Bora of girl group Sistar unusually took the runway of menswear designer Jung Doo-young’s VanHart di Albazar. Here are the
Arts & DesignOct. 18, 2015
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Loan guarantees among conglomerate units up nearly 2.8-fold in 2015
Loan guarantees among affiliates of South Korea's major conglomerates surged about 2.8-fold in 2015 from the previous year, the country's corporate watchdog said Sunday.According to the Fair Trade Commission, loan guarantees made among the affiliates of the nation's 61 conglomerates came to a little over 2.04 trillion won ($1.8 billion) as of April 1, compared with just 738.8 billion won tallied a year earlier.The jump is attributed to the addition of one business group to the government's watch
Oct. 18, 2015
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Regulator to remove barriers for insurance premiums
South Korea's top financial regulator said Sunday that it will allow local insurance firms to decide premiums for their insurance policies on their own in a bid to promote price competition in the long-slumped market.The Financial Services Commission said it will remove guidelines for setting insurance premiums from the beginning of 2016.Since 2000, the financial authorities have required local insurers to set aside a certain amount of money to make provisions for paying insurance benefits to th
PoliticsOct. 18, 2015
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Korean retailers enjoy sales growth on Black Friday
South Korean retailers witnessed a whopping sales increase for the first two weeks of October as they joined the nationwide consumption-promoting campaign, data showed Sunday.The 22 retailers that joined the Black Friday Korea campaign saw their sales increase by a total 719.4 billion won ($634.9 million), or 20.7 percent, on-year over the cited period, data compiled by the Ministry of Trade, Industry, and Energy showed.The government and large retailers joined forces to organize the Korean vers
Oct. 18, 2015
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Ex-Premier Goh Kun due in Pyongyang for academic seminar
Former Prime Minister Goh Kun and six other South Koreans will fly to Pyongyang this week to attend an international academic seminar, the Unification Ministry said Sunday.Goh and his entourage will depart for Pyongyang via Beijing on Monday to attend the week-long seminar hosted by Pyongyang University of Science and Technology through next Monday, a ministry official said."The government's position is to approve any requests for inter-Korean exchanges in academics, sports and culture to recove
North KoreaOct. 18, 2015
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Police chiefs due in Seoul on crime prevention, crackdown cooperation
South Korea said Sunday it will host senior police officers and law enforcement officials from 17 countries this week to discuss ways to enhance cooperation in cracking down on transnational crime.Among the participants of the four-day meeting in Seoul that ends Thursday are Uzbekistan's interior minister, deputy heads of the public security departments of China and Vietnam, police chiefs from Mongolia, Papua New Guinea and Guatemala, and senior officials from Interpol, the National Police Agenc
Social AffairsOct. 18, 2015
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N. Korea vows counteraction over proposed U.N. resolution on N.K. human rights
North Korea pledged Sunday to take "the toughest counteraction" against a proposed U.N. resolution targeting North Korean leader Kim Jong-un over the North's dismal human rights record.South Korea, the United States and their like-minded partners began drafting a new resolution last Tuesday, calling for the referral of the highest official responsible for North Korea's human rights violations to the International Criminal Court.The highest official to be included in this year's resolution means
North KoreaOct. 18, 2015
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Daejeon OECD science meeting to be 1st gathering outside Paris
South Korea's ICT ministry said Sunday the upcoming science ministerial gathering of the Organization for Economic Cooperation and Development will be the first of its kind outside Paris, reflecting South Korea's efforts to beef up its presence around the globe. South Korea is hosting the OECD Ministerial Meeting Daejeon 2015, World Science & Technology Forum, which will open on Monday and run through Friday. The event will be held in Daejeon, located 164 kilometers south of Seoul, which is home
TechnologyOct. 18, 2015
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Mobile carriers to start preorders for iPhone 6s
South Korea's three mobile carriers plan to start preorders for the latest iPhone 6s and iPhone 6s Plus this week, industry sources said Sunday, a move that may cause a dent in sales of high-end models from local brands Samsung and LG.SK Telecom Co., KT Corp., and LG Uplus will begin preorders Monday, ahead of the official release slated for Friday at both online and offline shops.While the mobile carriers earlier planned to start preorders last week, the launch was delayed. Some market watchers
IndustryOct. 18, 2015
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NST to forge deeper ties with Fraunhofer
South Korea's National Research Council of Science & Technology said Sunday it will hold an academic gathering with Europe-based applied science researcher Fraunhofer in line with the upcoming OECD ministerial meeting.Under the plan, the NST will meet up with officials from Fraunhofer on Monday, and discuss various ways to bolster ties between the two researchers in Daejeon, located 164 kilometers south of Seoul.Fraunhofer currently has around 23,000 staff members and 67 research labs in Germany
TechnologyOct. 18, 2015
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Smartphone users prefer free videos with ads: poll
Most South Koreans prefer to watch free video content with advertisements rather than paying for ad-free editions, a survey showed Sunday, with YouTube standing as the most-visited platform.Around 94 percent of respondents said they enjoy free video content that comes with advertisements, the survey conducted by entertainment giant CJ E&M Corp. showed.The study was conducted on 2,500 South Korean smartphone users aged from 15 to 49.U.S. video-sharing platform YouTube stood as the most favored vi
Social AffairsOct. 18, 2015
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S. Korea's tourism industry posts deficit through Aug.
South Korea's tourism industry posted net losses through August this year, data showed Sunday, due mainly to the decline of visitors after the outbreak of Middle East Respiratory Syndrome.According to the data compiled by the Korea Culture & Tourism Institute, South Korea raked in $10 billion through the tourism industry over the January-August period, down 11.2 percent from a year earlier.The figure compares to the country's expenditure in the segment which came to $14 billion, up 6.6 percent o
Oct. 18, 2015
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Park returns home from U.S. tour
President Park Geun-hye returned home Sunday from a visit to Washington after she and U.S. President Barack Obama reaffirmed their countries' alliance and their commitment to resolve the North Korean nuclear standoff.The two leaders pressed North Korea to give up its nuclear weapons program and called their alliance "a linchpin of peace and security" not just on the Korean Peninsula but across the region."The summit dispelled worries among some critics that Seoul may be tilted toward China as Pa
NationalOct. 18, 2015
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Greece adopts more painful reforms demanded by creditors
ATHENS (AFP) -- Greece's parliament on Friday narrowly adopted further reforms demanded by the country's international creditors in return for further bailout funds.A majority of 154 lawmakers, out of a total of 300 deputies in the single-chamber parliament, backed the sweeping bill, which provides for further tax hikes and pension cuts.The entire opposition, from the far left communists to the neo-Nazi Golden Dawn party voted against the legislation as a whole, even though some of their members
World BusinessOct. 17, 2015
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Chinese general dismisses South China Sea concerns
BEIJING (AP) -- A top Chinese general said Saturday that China's newly created islands in the disputed South China Sea are intended mainly to aid shipping and dismissed concerns that Beijing is seeking to strengthen its control over the strategically vital region. General Fan Changlong's remarks came as expectations grow that the U.S. might directly challenge Chinese claims in the South China Sea by sailing a Navy ship inside the 12-nautical mile (21-kilometer) territorial limit surrounding one
Foreign AffairsOct. 17, 2015
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Jury hits Apple with $234 m tab in chip patent case
SAN FRANCISCO (AFP) -- A U.S. jury on Friday declared that Apple owes $234 million in damages for infringing on mobile chip technology patented by University of Wisconsin researchers."This is a case where the hard work of our university researchers and the integrity of patenting and licensing discoveries has prevailed," said Carl Gulbrandsen, managing director of the nonprofit Wisconsin Alumni Research Foundation which brought the suit."The jury recognized the seminal computer processing work th
World BusinessOct. 17, 2015
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Seoul shares likely to remain range-bound next week
South Korean stocks are expected to move in a tight range next week ahead of key events, including a release of Chinese economic data, analysts said Saturday.The benchmark Korea Composite Stock Price Index rose 10.73 points this week to close at 1,930.26 on Friday.Throughout the week, the index swerved in and out of positive territory on rising concerns about a Chinese economic slowdown ahead of the corporate earnings season.This week, KOSPI started bullish on news that a Fed official hinted at
Oct. 17, 2015
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South Korean scholars boycott state-issued textbook project
Hundreds of South Korean scholars have declared they are boycotting the writing of state-issued history textbooks out of concern that that they will teach distorted views on the country's recent history.President Park Geun-hye's government plans to require middle and high schools to use textbooks edited by the government after 2017, instead of allowing schools to choose from eight private publishers, as is currently the case.South Korea's move toward state-issued textbooks is the latest in a ser
Social AffairsOct. 17, 2015