Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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Man escapes DUI charges by downing bottle of soju while pulled over
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35% of S. Koreans view unification 'unnecessary'
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Pianist Lim Yunchan double winner at Gramophone Awards
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[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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Environmentalists to sue state over cable car plan
Environmentalists vowed Tuesday to launch a legal battle against the government over its recent decision to allow the construction of a cable car in one of the country’s most preserved national parks. Several environmental groups, including Green Korea United, said they would seek revocation against the government’s approval for the cable car project on Mount Seoraksan in Gangwon Province, claiming that the decision is invalid as it didn’t strictly follow the procedural rules.Last Friday, the mi
Sept. 1, 2015
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[SUPER RICH] Son’s bold investments create new superrich
Masayoshi Son (also known as Son Jeong-ui), chairman and CEO of SoftBank Group Corp., is well known among the superrich. Forbes ranked him as the 75th richest person in the world with assets of $13.8 billion, making him the second-richest person in Japan.Son is seen as more than a telecommunications billionaire, however. He is also well known as an investor with incredible acumen.He has been known to financially invest in young, up-and-coming entrepreneurs and also act as their business mentor.
IndustrySept. 1, 2015
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KT to sponsor national soccer squad
South Korea’s leading telecom firm KT signed a memorandum of understanding with the Korea Football Association on Tuesday to sponsor the national soccer team until 2019. (From left) Ky Seung-yong, the captain of the South Korean football team, KT vice president Oh Young-ho, head coach of the national soccer squad Uli Stielike, vice chairman of the KAF Kim Ho-gon, and forward Son Heung-min. (KT)At an MOU signing ceremony at Hwaseong Sports Complex in Hwaseong, Gyeonggi Province, KT and Korean so
TechnologySept. 1, 2015
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Daum Kakao to be renamed Kakao
Mobile messenger and Web-portal operator Daum Kakao said Tuesday that it has decided to change its name to Kakao in a bid to highlight its corporate identity as a leader in the mobile era.The company came to the limelight when it was established last October as the result of the merger between Web-portal Daum and mobile messenger firm Kakao.Some market analysts had previously predicted that the company would make efforts to beef up its mobile business platforms rather than the Web services.Daum
TechnologySept. 1, 2015
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Asiana Airlines collaborates with union for flight safety
The management and labor unions of Asiana Airlines have collaborated to bolster the flight safety system.Asiana Airlines signed a Flight Operational Quality Assistance program agreement Monday at its Asiana Town headquarters in Seoul.FOQA is a voluntary safety program that analyzes flight data in order to find potential safety risks during flights and eliminate them through education.Asiana Airlines would be the first airline to manage a FOQA program with both management and unions among Korean
IndustrySept. 1, 2015
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SKT steps up efforts to gain ground in IoT sector
South Korea’s No. 1 wireless carrier SK Telecom announced a partnership deal with Finland-headquartered network equipment-maker Nokia on Tuesday to work on developing Internet of Small Things technology, which connects small sensors and devices. The two counterparts will collaborate on developing network technology, such as machine type communication, which is required to support large-scale transmission of kilobytes of data, and applications leveraging the MTC technology, according to the Seo
TechnologySept. 1, 2015
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How K-pop keeps up with international fans
With K-pop now having risen as an international phenomenon, communication between the stars and their fans -- who are multilingual, multiethnic and span across the continents -- has emerged as a significant issue. Though some celebrities already engage in extensive social media activities, it seems photos, text and manufactured videos are not quite enough to satisfy international fans’ thirst for a more personal, immersive connection, according to Chloe Choi, a spokesperson for Korean Internet g
Sept. 1, 2015
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New unification song introduced
A new song representing the desire for Korean unification was introduced on Tuesday at the Sejong Center for Performing Arts in Seoul.Titled “One Dream, One Korea,” it is the result of the New Era Unification Song campaign that was launched in April to create the first unification song since the 1947 song “Our Wish.” The campaign brought domestic civic groups and Koreans living abroad together with some of the top names in Korean music, who donated their talent for the cause. “One Dream, One Kor
PerformanceSept. 1, 2015
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Ruling on case from rape victim’s mother sparks outrage
A Seoul court on Tuesday threw out a compensation suit filed by the mother of two daughters who committed suicide after a convoluted multiple-rape case.The ruling has generated much online outrage, with Internet users criticizing the ruling, and local regulations. Judge Kwak Hyung-sub of the Seoul Central District Court ruled that the suit was filed after statute of limitations expired, making the suit null and void. The suit was filed in 2013, more than four years after the sisters’ suicide. Ac
Social AffairsSept. 1, 2015
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SK Daejeon innovation center greets new start-ups
The Daejeon Creative Economy Innovation Center, jointly established by SK Group and the South Korean government in a bid to nurture local start-ups, officially welcomed a new batch of venture firms to its facilities on Tuesday. A total of 10 start-ups specializing in a diverse spectrum of businesses -- including the Internet of Things technology, health care, semiconductors, energy, solutions and fintech -- are set to receive tailored business mentorship and support at the center for the next 1
IndustrySept. 1, 2015
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Samsung unveils smartwatch with rotating bezel
Samsung Electronics on Tuesday unveiled its new smartwatch with a rotating bezel -- the first of its kind within the industry -- before its official debut at the upcoming IFA electronics trade show in Berlin on Sept. 3. The Korean tech giant was the first to open up the global smartwatch market back in 2013. But during a yearlong hiatus, its archrival Apple has gobbled up the market over the past year. In a renewed push for its smartwatches, Samsung has come up with the Gear S2, the company’s f
TechnologySept. 1, 2015
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[Photo News] S-Oil supports Ethiopian children
S-OIL SUPPORT FOR ETHIOPIA — S-Oil CEO Nasser Al-Mahasher (second from left) delivers 100 million won ($85,000) to World Vision Korea CEO Yang Ho-seung (second from right) in Seoul on Tuesday to support Ethiopian children. S-Oil plans to continue donations to Ethiopia for the next 10 years. (S-Oil)
IndustrySept. 1, 2015
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Car sales in S. Korea shrink 2.5% amid weak global demand
Sales of carmakers in South Korea dropped 2.5 percent in August from a year earlier as overseas demand remained weak amid slumping global demand, industry data showed Monday.The combined sales of five automakers in the country came to 622,542 units last month, compared with the 638,771 units tallied a year earlier, according to data provided by each company. The decline is attributed to a fall in overseas shipments, which came to 502,142 units, down 5.8 percent from a year earlier.Their combined
MobilitySept. 1, 2015
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Asia Culture Center to open this week
The Ministry of Culture, Sports and Tourism said that it would partially open the Asia Culture Center in Gwangju to the public this Friday. A nighttime view of the Asia Culture Center in Gwangju, which is slated for partial opening this week. (Yonhap)The complex’s facilities such as the ACC Archive & Research, ACC Creation, ACC Theatre and ACC Children centers will hold cultural programs everyday between 10 a.m. and 5 p.m. They will also invite people to tour the facilities three times a day. Th
CultureSept. 1, 2015
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S. Korea to demand removal of Japanese column insulting Park
South Korea said Tuesday it plans to demand the retraction of a Japanese newspaper column that likens President Park Geun-hye to a former Korean empress slain by Japanese agents.Japanese conservative daily Sankei Shimbun carried a column on its homepage Monday critical of Park's plan to attend a massive military parade in Beijing marking China's victory over Japan in World War II.Calling Park's decision an example of "toadyism," the column said Korea's Joseon Dynasty (1392-1910) had a woman of p
Foreign AffairsSept. 1, 2015
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Seoul stocks drop on China's grim manufacturing data
South Korean stocks ended lower on Tuesday as investor sentiment was dampened by China's bleak manufacturing data and disappointing local export figures. The South Korean won firmed against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 1.4 percent, or 27.27 points, to 1,914.22. Trading volume was light at 320 million shares worth 4.75 trillion won ($4.05 billion), with losers far surpassing gainers 600 to 223.An official index of Chinese manufacturing fell to a three-ye
Sept. 1, 2015
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New Samsung C&T gets under sail after merger
The merged entity of two key Samsung Group units made its official launch in South Korea on Tuesday, after repelling a slew of legal challenges from a U.S. hedge fund that opposed the merger and garnering shareholder approval.Samsung C&T Corp., the construction arm of the country's top conglomerate, won outright shareholder approval on July 17 to merge with Cheil Industries Inc., the apparel and resort unit, for 8.9 trillion won ($7.52 billion). The company received the go-ahead after two months
CompaniesSept. 1, 2015
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We need maestro Chung: SPO members
Members of the Seoul Philharmonic Orchestra on Tuesday voiced their unflinching support for conductor Chung Myung-whun in an apparent plea to retain him as their music director.The rare collective action came only a few days after Chung revealed his intention not to renew his contract with the Korean orchestra, which expires at the end of this year.Conductor Chung Myung-whun (Credia)“We, the members of the Seoul Philharmonic Orchestra, believe in maestro Chung Myung-whun and his abilities to fur
CultureSept. 1, 2015
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Daum Kakao to change its name to Kakao
Daum Kakao Corp., the operator of South Korea's top mobile messenger, KakaoTalk, said Tuesday it will seek to change its company name to Kakao at the upcoming shareholder meeting, as part of a push into solidifying its identity as a mobile platform provider. Daum Kakao is the entity that was formed when leading search engine operator Daum Corp. and Kakao Corp., the creator of the KakaoTalk app, merged in October. (Kakao)The new name will help bolster the corporate brand as a mobile life platfor
CompaniesSept. 1, 2015
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S. Korea's short-term foreign debt hits 2-year high
The ratio of South Korea's short-term foreign debt to its foreign reserves soared to the highest level in two years as local branches of foreign lenders increased their borrowing from overseas, data showed Tuesday.The country's short-term external debt totaled $121.2 billion as of the end of June, increasing $8.4 billion from three months earlier, according to the data by the Bank of Korea.Korea's total external debt reached $420.6 billion as of end-June, also gaining $1.7 billion over the three
Sept. 1, 2015