Most Popular
-
1
AI textbook bubble could burst, expert warns
-
2
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
-
3
Samsung tightens its belt amid crisis winds
-
4
Ex-presidential official’s leaked phone call rattles conservative bloc
-
5
North Korean trash balloons cross border day after Seoul military parade
-
6
Pay debate plagues foreign nanny pilot
-
7
Prosecution closes 'Dior bag' case amid opposition uproar
-
8
Man escapes DUI charges by downing bottle of soju while pulled over
-
9
K-pop star lip-syncing controversy flares up again
-
10
35% of S. Koreans view unification 'unnecessary'
-
S. Korea eyes listing of foreign ETFs on local bourse
The South Korean bourse operator said Monday that it will seek to lure overseas exchange traded funds into the local stock market in order to meet rising demand for overseas direct investment by locals.An ETF refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflects an index, which provides retail investors and institutions with a more liquid and risk-hedging tool.The Korea Exchange said it will move to bring foreign big-name ETFs, including SPDR Gold
Oct. 5, 2015
-
JCS chief nominee says no plan to adopt THAAD
South Korea has no plan yet to adopt the U.S.' Terminal High Altitude Area Defense system although its local deployment could benefit the South Korean military, the Joint Chiefs of Staff chairman designate said Monday."At this moment, our military does not have any plan to introduce THAAD," Army Gen. Lee Sun-jin said in a parliamentary confirmation hearing. "The military currently has weapon systems it is trying to deploy within the Korean Air and Missile Defense system," he added.The remarks we
DefenseOct. 5, 2015
-
Pyeongyang to repatriate S. Korean NYU student
North Korea will repatriate a 21-year-old South Korean student who has been detained there since April, the Unification Ministry said Monday, in what could be a conciliatory gesture by the North to South Korea. Joo Won-moon from New York University. (Yonhap)The communist nation will repatriate Joo Won-moon, a New York University student alleged to have attempted to illegally cross the border from China, through the truce village of Panmunjom at 5:30 p.m. today, according to a ministry official.
North KoreaOct. 5, 2015
-
Korea coach staring down 'most important' World Cup qualifier to date
South Korea's upcoming World Cup qualifying match against Kuwait will be the team's most important one to date, its head coach said Monday.Uli Stielike's South Korea headed to Kuwait on Monday for a key World Cup qualifying match later this week, hoping to stay undefeated in the regional qualification tournament.The showdown in Kuwait City on Thursday will be South Korea's fourth match in Group G in the second round of the Asian qualifying for the 2018 FIFA World Cup. The kickoff will be 5:55 p.
SoccerOct. 5, 2015
-
Korea wants more CCTV cameras in Philippines to protect Koreans
The South Korean government is pushing for comprehensive measures to help protect its nationals in the Philippines who are vulnerable to local crimes, an official here said Monday.This includes the installment of more CCTV cameras in areas with many ethnic Koreans."We are conducting a survey on demand for CCTVs and other necessary steps through the (South Korean) embassy there," the official said on the customary condition of anonymity.South Korea will use its own budget for the initiative to bo
Foreign AffairsOct. 5, 2015
-
Park vows to boost diplomatic efforts for the unification of Koreas
President Park Geun-hye pledged Monday to strengthen South Korea's diplomatic efforts for a peaceful unification with North Korea.Park said support and cooperation from the international community is very important, noting that she delivered that message to the international community through her speech to the U.N. General Assembly.Park has made pitches for unification in recent years, calling it a "bonanza" for South Korea as well as a blessing for neighboring countries.North Korea has long sus
PoliticsOct. 5, 2015
-
Korea Black Friday homepage to now allow consumer feedback
The Internet homepage of Korea Black Friday will be upgraded to receive consumer feedback and encourage more participation by companies, which could lead to the expansion of the nationwide sales event aimed at fueling domestic consumption, the government said Monday.The Ministry of Trade, Industry and Energy said initial consumer response from the first nationwide sales program that kicked off last Thursday has been positive, but there is room for improvement.The official homepage, launched at t
IndustryOct. 5, 2015
-
ASEAN cooperation can be emulated in Northeast Asia: deputy FM
Northeast Asia should draw upon the experience of Southeast Asia to build trust and expand cooperation within the region, a senior government official said Monday.Deputy Foreign Minister Kim Hong-kyun made the remark during an international conference meant to examine the link between the trust-building and multilateral cooperation mechanisms of the Association of Southeast Asian Nations and the Northeast Asia Peace and Cooperation Initiative, one of South Korea's key diplomatic campaigns aimed
Oct. 5, 2015
-
Seoul hopes top Chinese official's visit to Pyeongyang will help ease tension
The Unification Ministry voiced hope Monday that a planned visit by a ranking Chinese official to North Korea this week could help ease tension on the Korean Peninsula as the North threatens to conduct a missile or nuclear test.North Korea said Sunday that a Chinese delegation to be led by Liu Yunshan, member of the Standing Committee of the Political Bureau of the Communist Party of China, will attend the 70th anniversary of the founding of the Workers' Party of Korea, which falls this Saturday
North KoreaOct. 5, 2015
-
S. Korean watchdog probes alleged FX law violators
The South Korean financial watchdog said Monday that it has launched an investigation into 27 local investors for allegedly violating foreign exchange laws and pocketing illicit gains.Disguising themselves as foreigners, the investors allegedly established 45 paper companies in tax haven countries, including Hong Kong and Luxembourg, and invested in South Korean securities, according to the Financial Supervisory Service.The local foreign exchange regulations require all South Koreans to report t
Social AffairsOct. 5, 2015
-
N. Korea suspected of hacking South's subway operator
North Korea is suspected of hacking into a Seoul subway operator last year for at least five months, a ruling party lawmaker said Monday citing a report submitted by the country's intelligence agency.After hacking into two operating servers of Seoul Metro, which runs Subway Lines 1 through 4, the hackers allegedly broke into more than 210 employee computers and infected 58 with malicious codes, Rep. Ha Tae-kyung of the ruling Saenuri Party said, quoting a report by the National Intelligence Serv
North KoreaOct. 5, 2015
-
S. Korea outpaced by China, Japan in Q3 shipbuilding orders
South Korean shipbuilders were outpaced by Chinese and Japanese rivals in terms of new orders in the third quarter of the year, industry data showed Monday, amid deepening woes over their growing losses.According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders totaling 2.11 million compensated gross tons last month, trailing Chinese shipbuilders at 3.48 million CGTs and Japanese companies with 2.36 million CGTs.South Korea retained i
IndustryOct. 5, 2015
-
Top Chinese official's visit signals little thaw in ties with N. Korea
A visit by a top Chinese official to North Korea this week for a key anniversary of the North's ruling party signaled little evidence of thaw in strained political ties between the two allies, two Chinese experts told a Hong Kong-based media outlet on Monday.Liu Yunshan, who ranks fifth in China's ruling Communist Party hierarchy, will lead a Chinese delegation that will attend the 70th anniversary of the founding of North Korea's Workers' Party on Saturday. North Korea's state media reported th
North KoreaOct. 5, 2015
-
Over 120 historical errors found in Japan's textbooks: lawmaker
A total of 126 mistakes about Korea have been found in Japan's textbooks over the past five years, a lawmaker said Monday, showing another example of Japan's continued attempts to distort history. "Japan distorted the history of 126 Korean Peninsula-related items in its 108 textbooks for primary, middle and high schools between 2011 and 2015," said Rep. Yoo Ki-hong of the main opposition New Politics Alliance for Democracy.Cases in point include the territorial claims to South Korea's easternmo
Foreign AffairsOct. 5, 2015
-
Park's approval rating edges up as factional feud subsides
President Park Geun-hye's job approval rating edged up as factional infighting subsided over how to select those who will run for parliamentary elections next year, a poll showed Monday.A poll released by polling agency Realmeter showed 48.3 percent of people approved of the job Park is doing, up 1.7 percentage points from a week earlier.Those who disapproved of Park's job performance came to 45 percent, down 2.7 percentage points from a week earlier.Park's ruling Saenuri Party is embroiled in f
PoliticsOct. 5, 2015
-
Cigarette tax revenue equal to income taxes on salaried workers: report
A spike in local cigarette taxes is expected to push up the amount of next year's tobacco tax revenue on par with what the government receives from salaried workers, a local civic group claimed Monday.According to the Korea Taxpayers Association, cigarette tax revenue is estimated to top 12.6 trillion won ($10.7 billion) in 2016. Seoul marked up taxes levied on cigarettes by 2,000 won, starting in January, citing the need to push people to quit smoking.The estimate is only slightly smaller than
Oct. 5, 2015
-
U.N. special rapporteur calls for regular inter-Korean family reunions
The U.N. special rapporteur on North Korea's human rights situation has called for regular reunions of families separated since the Korean War, calling the situation "very disconcerting."Special Rapporteur Marzuki Darusman made the appeal in a report to the U.N. General Assembly, stressing that for older generations "even a delay of one or two years means that their chance of seeing their relatives may be lost forever."Since the first-ever summit of their leaders in 2000, the two Koreas have hel
North KoreaOct. 5, 2015
-
Shipbuilders' earnings to remain weak through next year
South Korean shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016, although their third-quarter bottom lines may beat estimates after suffering a record loss three months earlier, analysts said Monday.Samsung Heavy Industries Co., the country's No. 3 shipbuilder, is estimated to log 29.8 billion won ($25.4 million) in operating income for the third quarter, down 84 percent from a year earlier, with its sales likely to dip 8.32 percent to 2.99 trillion won ov
IndustryOct. 5, 2015
-
S. Korea's foreign reserves rise in Sept.
South Korea's foreign exchange reserves gained slightly from a month earlier in September mainly on an increase in foreign deposits that more than offset a large dip in securities, the central bank said Monday.The country's foreign exchange reserves reached $368.11 billion as of the end of last month, up $180 million from a month earlier, according to the Bank of Korea.The September tally marked a turnaround from a $2.9 billion on-month drop in August. The country's foreign exchange reserves dwi
Oct. 5, 2015
-
Manufacturers' Q4 biz outlook still gloomy: poll
South Korea's major manufacturers are more pessimistic about business conditions for the fourth quarter of this year due to China's slowing growth and a potential interest rate hike in the U.S., a poll showed Monday.The Korea Chamber of Commerce & Industry said its business survey index for the October-December period came to 87, down from 88 tallied in the third quarter. The index dropped for the third quarter, falling from 97 the previous quarter, amid the fallout of the Middle East Respirator
Oct. 5, 2015