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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Lotte shareholders back current head over elder brother
Shareholders of Lotte Holdings Co., the Japan-based holding firm of Lotte Group, threw their support behind Chairman Shin Dong-bin on Monday, bolstering his foothold in an ongoing ownership feud with his father and elder brother.Lotte, the country's fifth-largest conglomerate that was founded in Japan, has been making headlines in the past few weeks as founder Shin Kyuk-ho and his two sons, Dong-joo and Dong-bin, are fighting to control the group that operates businesses located in both South Ko
IndustryAug. 17, 2015
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Opposition chief asks Park to attend China ceremony
The opposition chief Monday asked President Park Geun-hye to visit Beijing next month for China's celebrations of the 70th anniversary of the end of World War II.Moon Jae-in, head of the main opposition New Politics Alliance for Democracy, made the recommendation at a meeting with top party officials, noting that the government should take the initiative in diplomacy.Park could make a decision on whether to attend China's celebrations as early as later this week, presidential spokesman Min Kyung
PoliticsAug. 17, 2015
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Leading firms lag behind global peers in profitability
The profitability of South Korea's leading tech and auto companies has worsened this year to lag behind that of their global peers, dragging down their share prices and adding pressure to the overall stock market, data showed Monday. The return on equity of major exporters in Asia's fourth-largest economy has slipped over the past years in the face of tougher competition from rising Chinese rivals and global leaders in the high-end market. ROE, calculated by dividing net income by equity capita
IndustryAug. 17, 2015
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S. Korea, U.S. launch joint military drill amid N. Korean threat
South Korea and the United States launched a joint military exercise Monday amid North Korea's threat to retaliate with "the strongest military counteraction" against the drill.The Ulchi Freedom Guardian exercise, the world's largest computerized military drill aimed at defending the South from a North Korean attack, kicked off earlier in the day in South Korea for a 12-day run.Employing nearly 80,000 South Korean and U.S. troops, the annual military exercise has been denounced by North Korea as
DefenseAug. 17, 2015
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Lotte Holdings begins key shareholder meeting
Lotte Holdings Co., the Japan-based holding company of Lotte Group, began a shareholder meeting in Tokyo on Monday, an event deemed crucial in deciding the fate of the founder's two sons who are mired in a succession feud.Lotte, the country's fifth-largest conglomerate that was founded in Japan, has been making headlines in the past few weeks as founder Shin Kyuk-ho and his two sons, Dong-joo and Dong-bin, are fighting to control the group that operates businesses located in both South Korea and
IndustryAug. 17, 2015
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A farewell to Susan Ahn Cuddy
In the sad news department, Susan Ahn Cuddy passed away in her sleep at her house in Northridge, California, on June 24. She lived a full life from 1915 to 2015, making her a full 100 years old. She had given a speech the day before to a youth gathering sponsored by the Korean American Coalition in Los Angeles. I was not there, but I can tell what her speech was about because I have often seen her tell young people, “Be a good American, but don’t forget your Korean heritage.” These are the words
ViewpointsAug. 17, 2015
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Passenger car sales drop amid less demand for sedan models: data
Passenger car sales in South Korea fell during the first seven months of this year despite overall vehicle sales growth as most sedan models suffered marked setbacks, industry data showed Monday.Five carmakers operating in South Korea sold a combined 714,015 vehicles, including sedans and recreational vehicles, during the January-July period, up 3.1 percent from a year earlier, according to the data.The growth was driven mostly by more demand for RVs, including sport utility vehicles. In contras
Aug. 17, 2015
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Emerging markets face sharp currency depreciation
Emerging economies in Asia and South America are facing a sharp depreciation of their local currencies as the global foreign exchange market has been rattled by China's devaluation and a highly possible U.S. rate hike, data showed Monday.Starting last Tuesday, China's central bank devalued its yuan more than 4 percent for three days in a row, setting the daily reference rate at around 6.4 yuan to the U.S. dollar.Dealers said China's aggressive measure has sparked concerns about a series of curre
Aug. 17, 2015
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SK Group to adopt wage peak system at all affiliates
South Korea's No. 3 conglomerate SK Group said Monday it plans to have all its affiliates adopt a new wage system by next year, in line with the government's effort to boost the labor market.Under the wage peak system, employees accept a reduced salary in exchange for working for an extended period of time until retirement. Around 90 percent of SK Group's affiliates already have begun steps to adopt the new policy.The South Korean government has been urging local conglomerates to join the system
IndustryAug. 17, 2015
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Senate introduces Korean War 'Wall of Remembrance' legislation
A U.S. senator has introduced a bill calling for erecting a "Wall of Remembrance" in Washington that lists the names of all 36,574 American soldiers killed during the Korean War.Sen. Benjamin Cardin brought in the legislation (S.1982) earlier this month that would authorize the wall's establishment at the Korean War Veterans Memorial and allow certain private contributions to fund the project, congressional records showed Sunday.The legislation, which was co-sponsored by Sen. John Boozman and re
InternationalAug. 17, 2015
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Kumho Tire workers strike over new wage system
Unionized workers at Kumho Tire Co., South Korea's second-biggest tire maker, began their first all-out strike in three years on Monday after they failed to agree with the management on adopting a wage peak system.Workers at Kumho Tire's three production facilities, including the one in Gwangju, 329 kilometers south of Seoul, started an eight-hour strike at 6:30 a.m., industry sources said.The management has been making efforts to adopt the wage peak system ahead of the extension of the retireme
IndustryAug. 17, 2015
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[테마회화] 어린시절 이야기
Talking about childhood어린시절에 대해 얘기하기A : What was your childhood like?A : 네 어린 시절은 어땠니?B : I lived out in the countryside on a farm with my family, and I remember being quite a rascal.B : 난 가족들하고 교외에 있는 농장에서 살았는데, 내 기억에 나는 꽤나 장난꾸러기였어.A : You lived on a farm?A : 농장에서 살았다고?B : Yep. Our house was made out of adobe and straw, and was surrounded by several acres of barley.B : 그래, 우리 집은 진흙과 짚으로 만든 초가집이었고 주변에는 몇 에이커나 되는 보리가 둘러싸고 있었어.A : Life must have been pretty boring for you.A : 야, 틀림없이 사는 게 좀 지루했겠구나
PodcastAug. 17, 2015
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[테마회화] 고민 이야기하기
Talking about itSteven : What‘s wrong, buddy? You look a little down today.Steven : 오늘 무슨 일 있어? 기운이 없어 보이는데. Morris : It’s nothing, really.Morris : 별일 아니야, 정말로. Steven : Come on, you‘re always so cheery, so talkative. we’ve been having lunch for half an hour and you‘ve hardly said a word.Steven : 뭔데 그래. 넌 항상 활기차잖아, 말도 잘하고. 우리 지금 30분 동안 점심 먹고 있는데, 네가 거의 한마디도 안 했잖아. Morris : Well, it’s Terri. She dumped me last night.Morris : 그게, Terry 때문이야. 어젯밤에 나를 차버렸어. Steven : Man, I‘m sorry to hear that.Steve
PodcastAug. 17, 2015
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[시사영어] 이중언어로 배우는 재미
[Part 4] ‘Learning to be bilingual can be fun’이중언어로 배운다는 것은 재미있을 수 있다Bilingual 해석 연습“She told me _______________ that everything she knows about English _______________ is from her kindergarten years, _______________ although her mother firmly believes _______________ it’s because she’s been studying it throughout her life. _______________ _______________ She said she hates learning English _______________ and broke down in tears. _______________ I felt really bad for her,” _______________ Chung
PodcastAug. 17, 2015
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[포커스] 중국의 한국조종사들 채용
Chinese airlines lure Korean pilotsA growing number of experienced South Korean pilots are choosing to leave their home turf and instead work for Chinese airlines, which offer exceptionally higher wages and alluring benefits for foreign pilots.Some 50 Chinese airline companies have been stepping up efforts to recruit pilots from Korea’s two major airlines, Korean Air and Asiana Airlines, according to industry sources.Chinese companies are reportedly offering Korean pilots with about 10 years of
PodcastAug. 17, 2015
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Mirae Asset decides not to enter Internet-only bank biz
Mirae Asset Securities Co., one of South Korea's largest brokerages, said Sunday that it has decided not to enter the Internet-only bank business, to better concentrate on its core areas.A corporate source said that the firm, which had set up a task force and actively considered branching out into the new sector, decided against taking such a step, so it can better enhance its competitiveness as an investment firm.Internet-only bank operations range from deposits, lending and cards to foreign ex
Aug. 16, 2015
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Indonesian plane with 54 people on board missing in remote Papua
An Indonesian twin-turboprop aircraft carrying 54 people lost contact with air traffic control on Sunday in the remote, forested eastern Papua region, the National Search and Rescue Agency (BASARNAS) said, with search efforts hampered by failing light as night falls."We can't confirm it has crashed. We can say contact has been lost with the plane," BASARNAS chief Bambang Soelystyo told Reuters by phone. "It's a Trigana airline plane carrying 54 people including 5crew. We are working to get more
World NewsAug. 16, 2015
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Rescuers work to clear China blast site of chemicals before rain fall
Chinese soldiers and rescue workers in gas masks and hazard suits searched for toxic materials in China's port of Tianjin on Sunday as Premier Li Keqiang arrived to offer condolences, days after explosions flattened part of a national development zone. The goal is to clear the chemicals before any rain falls, which could create further toxic gas. The death toll rose to 112 from Wednesday's disaster, which sent massive yellow and orange fireballs into the sky, hurled burning debris on to a vast i
World NewsAug. 16, 2015
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N. Korea rejects family reunions
North Korea on Sunday blasted President Park Geun-hye's Liberation Day speech, and made clear that it rejects calls for family reunions for people separated during the Korean War (1950-53).The Committee for the Peaceful Reunification of Korea (CPRK) said in a statement released by its spokesperson that the president's speech viciously slandered the Democratic People's Republic of Korea (DPRK). It said such behavior caused shock and outrage among the people. The DPRK is North Korea's official nam
North KoreaAug. 16, 2015
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Business leaders behind Korea’s economic success
Korean companies and their leaders have been one of the biggest contributors to the transformation of Korea, once one of the poorest countries in the world, into a donor nation for the past 70 years after liberation in 1945.Partnering with the military government, which launched the nation’s first five-year economic development plan in 1962, the first generation of Korean chaebol leaders exerted strong leadership to build the foundation of businesses from scratch, while linking their business pr
IndustryAug. 16, 2015