Most Popular
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AI textbook bubble could burst, expert warns
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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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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Man escapes DUI charges by downing bottle of soju while pulled over
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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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Pay debate plagues foreign nanny pilot
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April Skin gets head-start in international market with natural products
Natural skin care company April Skin (www.aprilskin.com) has received positive reception overseas due to its high quality and customer service, the company said.Last June, April Skin launched its English site (en.aprilskin.com) through Cafe24’s global business service (www.cafe24.com).Their products have become popular in Southeast Asia through social media such as Facebook, YouTube and Instagram, and entered the Chinese market last month by targeting its shopping malls and region-specific marke
IndustryOct. 15, 2015
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North Korea, China launch border trade zone, kick off trade fair
North Korea and China launched a border trade zone on Thursday, as they kicked off their annual trade fair in the Chinese border city of Dandong. The Guomenwan trade zone in Dandong, where more than 70 percent of bilateral trade between the two nations is conducted, is the latest sign that North Korea and China are trying to boost economic cooperation, despite the North's defiant pursuit of nuclear weapons. The launch of the trade zone fell on the first day of a four-day North Korea-China trad
North KoreaOct. 15, 2015
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Park says S. Korea reliable partner of U.S.
President Park Geun-hye has said that South Korea is a reliable partner of the United States, calling their alliance a linchpin of Washington's strategy of rebalancing toward the Asia-Pacific region. "South Korea and the U.S. are strongly bound to each other by common values and ideals of freedom, democracy and human rights," Park said Wednesday at a South Korea-U.S. friendship gathering in Washington. Park said the dynamic and evolving alliance between South Korea and the U.S. is moving towa
InternationalOct. 15, 2015
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Korea ready to greet science ministers from around the globe
South Korea said Thursday it is ready to hold a global forum for science ministers next week, where participants will discuss ways to forge deeper ties for technology development. Delegations from 59 countries including ministerial-level science officials, businessmen and scholars are expected to attend the OECD Ministerial Meeting Daejeon 2015, World Science & Technology Forum, which will open on Monday, according to the science ministry. The event will be held in Daejeon, located 164 kilomet
TechnologyOct. 15, 2015
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BOK cuts growth outlook to 2.7 pct from 2.8 pct for 2015
South Korea's central bank marginally cut its 2015 and 2016 growth outlooks for the local economy Thursday, citing still weak domestic demand and unfavorable external factors. In its latest outlook, the Bank of Korea predicted Asia's fourth-largest economy to grow 2.7 percent in 2015, down from a 2.8 percent growth forecast three months earlier. The central bank also revised down its growth outlook for next year to 3.2 percent from 3.3 percent. The latest revision marks the third consecutive
Oct. 15, 2015
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Full text of BOK's statement on monetary policy decision for Oct.
Following is a translation of the full text of the Bank of Korea's statement on its monetary policy decision for October. The central bank's monetary policy committee voted Thursday to freeze the base rate at 1.5 percent. --------------------- The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.50% for the intermeeting period. Based on currently available information the Board considers that the trend of economic recovery in the US has been sust
Oct. 15, 2015
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Two Koreas expanding civilian ties: top official
Civilian exchanges between South and North Korea are expanding rapidly as Pyongyang has shown some indications of a positive shift in its policy direction, a top official here said Thursday. Vice Unification Minister Hwang Boo-gi held out expectations that inter-Korean ties in the civilian sector will soon return to levels experienced in the early months of the previous government. The Lee Myung-bak administration's drive for improved relations with North Korea came to a halt when a South Kore
North KoreaOct. 15, 2015
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North Korea to top agenda for Park-Obama summit: U.S. officials
South Korean President Park Geun-hye and U.S. President Barack Obama will reaffirm their commitment to North Korea's denuclearization and urge the communist nation not to conduct any provocations when they hold summit talks later this week, U.S. officials said Wednesday. North Korea is one of the "fundamental issues" that Park and Obama will be discussing during Friday's summit, along with enhancing the bilateral alliance and economic cooperation, as well as expanding cooperation on global issu
North KoreaOct. 15, 2015
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Park calls for increased cooperation with U.S. on lunar exploration
President Park Geun-hye has voiced hope that South Korea and the United States will boost cooperation in lunar exploration and other space programs. South Korea joined the global space club with a successful launch of a satellite into orbit in 2013, though its rocket was built in cooperation with Russia. South Korea is seeking to develop the country's own space vehicle and to launch an unmanned spacecraft to probe the Moon by 2020. "I hope that South Korea and the U.S. will expand cooperation
InternationalOct. 15, 2015
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Volkswagen expected to recall some 2,200 units over parts defect
German carmaker Volkswagen is expected to recall some 2,200 vehicles sold in South Korea over a defect in emissions-related parts, industry sources said Thursday. Subject to the recall are 1,653 Audi A6 2.0 TFSI sold between 2009 and 2010, and 534 Tiguan 2.0 TDI models sold in 2009, according to the sources. Volkswagen Korea and Audi Korea, the German maker's local units, are forced to recall the affected models due to changes in recall-related regulations, the sources said. The German carmak
IndustryOct. 15, 2015
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KB Financial to form task force for KDB Daewoo Securities bid
KB Financial Group Inc., South Korea's largest banking group by assets, will set up a task force to prepare for an upcoming preliminary bidding for KDB Daewoo Securities Co., the country's No. 2 brokerage, industry sources said Thursday. The task force will be formed by next week and comprised of around 10 officials, including the company's brokerage and investment officials, and wealth management experts, according to the sources. "Access into Daewoo Securities' detailed data is impossible be
Oct. 15, 2015
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Park calls for cooperation with U.S. on R&D, engineering
President Park Geun-hye called Wednesday for close cooperation between South Korea and the United States in research and development and engineering as Seoul is seeking to open a new era of manufacturing. South Korea views research and development and engineering as the key to bring innovation to manufacturing. "The two countries can build up the technology and experiences that can lead manufacturing innovation" if they combine technology and excellent manpower, Park said in a Washington forum
InternationalOct. 15, 2015
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BOK freezes key rate at record low of 1.5 pct in Oct.
South Korea's central bank on Thursday held its key interest rate steady for a fourth month amid growing uncertainties from the world's two largest economies and budding signs of a recovery in domestic demand. In a widely expected move, the monetary policy committee of the Bank of Korea (BOK) froze its base rate at a record low of 1.50 percent for October. The committee said the local economy was showing signs of improvement, but that global uncertainties surrounding the economy may worsen dow
Oct. 15, 2015
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Pyongyang tolerates no religious freedom: annual U.S. report
North Korea tolerates no religious freedom and continues to deal harshly with those involved in "almost any religious practices," the U.S. State Department said in an annual religious freedom report Wednesday. "The constitution guarantees freedom of religion for its citizens and the country is party to the International Covenant on Civil and Political Rights. However, religious freedom does not exist in practice," the department said in the 2014 International Religious Freedom Report. The repo
North KoreaOct. 15, 2015
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Park visits NASA space flight center
President Park Geun-hye on Wednesday visited the NASA Goddard Space Flight Center in Maryland, a move that underscored South Korea's efforts to strengthen cooperation with the U.S. on space initiatives. She received a welcoming message from an astronaut in the International Space Station and a briefing on NASA's Mars exploration program before touring facilities at Goddard. Goddard Space Flight Center, set up in 1959, is a high-tech research institute for space exploration. It operates, among
InternationalOct. 15, 2015
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Park pays tribute to American soldiers killed in Korean War
President Park Geun-hye Wednesday paid tribute to American troops killed in the 1950-53 Korean War as she began the second day of her visit to the United States. Park laid down wreaths at the Korean War Veterans Memorial and observed a moment of silence as a military brass band played somber music. "I came here to convey South Koreans' mind that (we) will not forget those who helped us when we were in trouble," Park told a group of surviving veterans and family members of those who served in t
InternationalOct. 15, 2015
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Park seeks U.S. ties on space industry
WASHINGTON -- South Korean President Park Geun-hye on Wednesday visited the Goddard Space Flight Center, a major NASA space research lab in Washington, to seek wider bilateral cooperation in the space industry.The visit, a rare schedule by a foreign leader, was viewed as her attempt to enhance the Korean space technology that still stands far behind other advanced nations. President Park Geun-hye attends a special session demonstrating new satellite-servicing technologies at NASA`s Goddard Space
Foreign AffairsOct. 15, 2015
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Iran broadcasts footage of underground missile base
Iranian state television broadcast unprecedented footage Wednesday of a deep underground tunnel packed with missiles and launcher units, which officials said could be used if "enemies make a mistake". The pictures were released just three days after Iran tested a new long-range missile that the United States said may have breached a UN Security Council resolution. The footage also came a day after Iran's parliament approved the country's July 14 nuclear deal with six world powers. Iranian
World NewsOct. 14, 2015
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International children's prize to Cambodian activist
Cambodian activist Phymean Noun has been awarded the $50,000 World's Children's Prize for helping children who live in garbage dumps in Cambodia's capital, Phnom Penh. Another $50,000 was evenly split between the winners of the World's Children's Honorary Award: Javier Stauring of the Catholic Archdiocese in Los Angeles who works with jailed children, and India's Nobel Peace Prize winner Kailash Satyarthi who fights against child slavery and for children's right to education. The prizes wer
World NewsOct. 14, 2015
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British Ebola nurse now 'critically ill': hospital
A British nurse who was successfully treated in January after contracting Ebola in Sierra Leone is now "critically ill" due to a resurgence of the virus, the hospital treating her said on Wednesday. "We are sad to announce that Pauline Cafferkey's condition has deteriorated and she is now critically ill. Pauline is being treated for Ebola in the high-level isolation unit at the Royal Free Hospital," it said in a statement. Cafferkey was taken to the specialist unit in London -- the only one
World NewsOct. 14, 2015