Most Popular
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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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Pay debate plagues foreign nanny pilot
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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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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[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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Controversial cult leader’s sentence reduced to 17 years
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Samsung forge ties with card firms for mobile payment tool
South Korea's top tech giant Samsung Electronics Co. said Tuesday the country's 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week.The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field communication technology like its rivals but also magnetic secure transmission and bar code technologies.The MST technology is significant as it is compatible with conventional credit card devic
IndustryAug. 18, 2015
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Hyundai Motor Group to hire over 10,000 workers this year
Hyundai Motor Group, the world's fifth-largest auto giant, plans to employ over 10,000 new workers this year as part of efforts to create more jobs for young people and improve the economy, industry sources said Tuesday.Hyundai Motor Group, the parent of Hyundai Motor Co. and Kia Motors Corp., earlier announced it will employ 9,500 new workers this year. In addition to the plan, the company will hire 1,000 more in line with its recent push to introduce a wage peak system. The total employment wi
IndustryAug. 18, 2015
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WSJ: Abe should face up to history
Japanese Prime Minister Shinzo Abe should face up to history if he wants his country to be unshackled by its past, the Wall Street Journal said Monday."Japan has pursued a peaceful path since the war, but Mr. Abe raises new doubts about its intentions when he makes excuses for Japan's conduct. The country's prewar isolation was an effect, not a cause, of a conflict started by a fanatical regime devoted to racial purity and superiority," the U.S. paper said in an editorial.It was referring to Abe
InternationalAug. 18, 2015
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Korea-U.S. military exercises have 'null effect' on relations with N.K.: U.S. expert
Military exercises between South Korea and the United States have little effect on Pyongyang's relations with either Washington or Seoul despite bellicose war threats the communist nation makes against such exercises, a U.S. expert said Monday.North Korea harshly denounces annual military exercises South Korea holds with the U.S. as a preparation for war against it.Ahead of the latest round of drills, the Ulchi Freedom Guardian, which kicked off Monday, Pyongyang also threatened to take its stro
InternationalAug. 18, 2015
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Two dead as bomb rocks central Bangkok: AFP
A bomb exploded outside a religious shrine in central Bangkok late Monday, killing at least two people and wounding many more, according to an AFP reporter at the scene. Body parts were scattered across the street after the explosion outside the Erawan Shrine in the downtown Chidlom district of the Thai capital. "I can confirm it was a bomb, we can't tell which kind yet, we are checking," national police spokesman Lietenant General Prawut Thavornsiri told AFP. The Erawan is an enormously
World NewsAug. 17, 2015
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Financial firms divided on Internet-only banking
Bracing for the introduction of Internet-only banks, financial firms and information and communications technology companies are making last-minute pitches to pair up with the best available partners and enter the business.So far, the move is more conspicuous in banks than securities companies, contrary to earlier predictions that the greatest synergy would be created in ICT-securities partnerships.KB Kookmin Bank, the nation’s largest bank in assets and mobile banking customers, is taking the l
Aug. 17, 2015
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Russia invites ministers from 2 Koreas to economic forum
South Korea's Unification Minister Hong Yong-pyo and North Korea's Minister of Foreign Trade RiRyong-nam have been invited to an economic forum in Russia slated for next month, a Seoul government official said Monday."Russia invited Minister Hong and the North's minister in charge of economics to the Eastern Economic Forum that opens in Vladivostok earlier next month," the official said. "I am aware that our side has intentions to participate if the North does."The first Eastern Economic Forum w
North KoreaAug. 17, 2015
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Chinese teenager held after claiming father killed in blasts
A Chinese teenager has been detained for allegedly obtaining thousands of dollars in donations after falsely claiming her father was killed in devastating explosions in Tianjin, police said on Sunday.The woman surnamed Yang had initially claimed on microblogging platform Sina Weibo that her father was missing as a result of the blasts, which triggered a massive fireball in the northern port city, leaving 112 people dead and hundreds more hospitalized.The 19-year-old -- who was detained by police
World NewsAug. 17, 2015
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Prosecutors file appeal against Pistorius verdict
South African prosecutors on Monday filed an appeal calling for Paralympian Oscar Pistorius to be convicted of murder for killing his girlfriend Reeva Steenkamp.Pistorius was jailed last year after being convicted on the lesser charge of manslaughter over the 2013 killing, and is due to be released from prison on Friday."What I can assure you is that today the papers were filed in the Supreme Court of Appeal," said National Prosecuting Authority spokesman Luvuyo Mfaku.Pistorius' defence team has
World NewsAug. 17, 2015
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Chemical watchdog 'concerned' by Iraq attack reports
The Organization for the Prohibition of Chemical Weapons on Monday voiced "serious concern" over reports that the Islamic State group has used chemical weapons in Iraq. "Recent reports of possible use of chemical weapons in Iraq by non-State actors are a matter of serious concern," the Hague-based OPCW said in a statement. German officials said last week that Kurdish fighters had been attacked on Tuesday with chemical weapons, possibly chlorine or mustard gas, in northern Iraq, leaving many
World NewsAug. 17, 2015
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Japan's economy contracts in April-June quarter
Japan's recovery stalled in the April-June quarter, with the world's third-largest economy contracting at a 1.6 percent annual pace thanks to feeble consumer and corporate demand and slowing exports. The dismal data reported Monday was expected, based on earlier reported figures, but it raises the likelihood the central bank may opt for fresh stimulus measures in coming months. It also comes at an awkward time for Prime Minister Shinzo Abe, who has championed a strategy of heavy monetary sti
World BusinessAug. 17, 2015
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Egypt president signs new anti-terrorism law into effect
Egyptian President Abdel-Fattah el-Sissi has signed into law a new anti-terrorism bill, state media reported on Monday, a text that has prompted criticism from rights groups and even some senior judges. The 54-article law, published on state news agency MENA, provides an extremely broad definition of terrorism, describing it in one article as any act that disturbs public order with force. It also prescribes stiff jail sentences for a range of crimes, including promoting or encouraging any “t
World NewsAug. 17, 2015
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South Korea to ease market jitters over external risks: finance minister
South Korea will take all the necessary steps to ease market anxieties that may arise from external risks like the devaluation of the Chinese yuan, Seoul's top economic policymaker said Monday.In a meeting with senior ministry officials, Finance Minister Choi Kyung-hwan said the yuan's depreciation, China's unstable stock market and a possible U.S. rate hike are all contributing to greater downside risks."Under such circumstances, it is imperative that Seoul manages all the risks," the finance m
IndustryAug. 17, 2015
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Government to push bill to widen service sector
The government will prioritize getting pending service-related bills passed by the National Assembly before the political parties plunge into campaigning mode for next year’s April 13 general elections, said officials at the Ministry of Strategy and Finance on Monday.Seven of the 30 bills aiming to boost the economy through the service sector have been pending at the National Assembly for up to three years, according to the ministry.Deputy Prime Minister Choi Kyung-hwan was quoted by a news prov
Aug. 17, 2015
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KT&G launches Bohem limited edition
(KT&G)KT&G rolled out the latest limited edition of Bohem Cigar Slim Fit on Tuesday, flashing fashion-inspired packages designed by Korean jeans maker PLAC. Bohem Cigar Slim Fit limited edition comes in four designs, each decorated with patterns of PLAC jeans that iconize modernity and simplification. PLAC jeans is a contemporary casual outfit maker that has gained popularity among young trendsetters with its slim fit jeans. In early March, KT&G unveiled the regular edition of Bohem Cigar Sli
IndustryAug. 17, 2015
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Impala reignites large sedan market competition
Armed with price competitiveness, powerful design and high-tech safety features, Chevrolet’s Impala, the iconic full-size sedan from General Motors, is quickly emerging as a dark horse in the Korean large family sedan market, whose growth has recently been slow due to lack of new models and the growing popularity of sports utility vehicles. CONFIDENCE IN IMPALA -- Marc J. Comeau (left), vice president of marketing at General Motors Korea, and Nichole Kraatz, Impala chief engineer (center) ho
MobilityAug. 17, 2015
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Ecuador, Korea hail innovation, trade partnership
Ecuador marked the 206th anniversary of its independence from Spain amid increasing integration with Korea spanning trade, human development and scientific collaboration.After nearly 300 years as a Spanish colony, the Ecuadorian capital Quito ― the world’s highest capital at 2,850 meters above the sea ― called for national liberation on Aug. 10, 1809, led by criollo locals.Although the new government lasted less than two months, the movement inspired the rest of Spanish America, with Quito being
Foreign AffairsAug. 17, 2015
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SK Group considers W46 trillion investment in chipmaker hynix
SK Group is considering pouring about 46 trillion won ($38 billion) over the next few years to expand the production facilities of its chipmaking unit SK hynix, officials said Monday.The large-scale investment move came after group chairman Chey Tae-won returned to management after being released from jail following a special presidential pardon last week.Before presiding over a meeting with CEOs across group affiliates on Monday, Chey said, “I will have to move quickly and make on-site visits.”
TechnologyAug. 17, 2015
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LG Display to invest W10tr in OLED
South Korea’s top display-maker LG Display said Monday it would invest 10 trillion won ($8.5 billion) in OLED production by 2018, pledging a strategic shift to focus on the still nascent but lucrative display technology.The new investment plan was announced as part of the 20th anniversary of its LCD production at its plant in Paju, Gyeonggi Province. During the ceremony, LG Display CEO Han Sang-beom hinted at pouring considerable resources into OLED in the coming years, pinpointing the latest di
TechnologyAug. 17, 2015
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Exhibition to showcase Danish green solutions
By Thomas Lehmann, Danish Ambassador One of the most frequent conversations I have with people as a Danish ambassador is about the things our respective countries are famous for. Since coming to Korea in 2014, I found out that Denmark, in the minds of Koreans, was known for author Hans Christian Andersen, Lego and happy people, not to mention the bicycles, wind energy and clean environment. Denmark’s green profile is strongly grounded in fact. Denmark became the world’s first nation to establish
Foreign AffairsAug. 17, 2015