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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N. Korea marks Liberation Day with own events
North Korea has commemorated the 70th anniversary of Korea's independence from Japan, its state media said Sunday, after the two Koreas failed to agree on terms for a joint event.The Conference for National Unification, a series of events marking Korea's liberation from Japan's 1910-45 colonial rule in the North, concluded on Saturday in Panmunjom, the truce village inside the demilitarized zone on the inter-Korean border, after a three-day run, the Korean Central News Agency said.The conference
North KoreaAug. 16, 2015
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Hyundai, Kia's China slump to worsen with Tianjin blast
South Korea's top carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are likely to be hit hard by a recent explosion in a Chinese port city, industry watchers said Sunday, amid existing hardships from low sales in the world's No. 1 auto market.On Wednesday, a series of explosions at the Ruihai warehouse in China's northeastern port city of Tianjin wiped out some 4,100 Hyundai units, including its high-end models that are not produced in South Korea. Industry watchers say Hyund
IndustryAug. 16, 2015
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Brokerages' H1 earnings soar on active stock trading
South Korean securities companies saw their first-half earnings jump from a year earlier thanks to active stock trading, industry sources said Sunday.According to the sources, KDB Daewoo Securities Co. reported last week that its net profit spiked 134 percent on-year to 229.4 billion won ($195 million) in the first half due mainly to increased fee income.Samsung Securities Co. said its first-half net income came to 207.8 billion won, more than 4 times the bottom line a year earlier.NH Investment
IndustryAug. 16, 2015
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Low key rate boosts floating funds
Record-low interest rates have increased the country’s short-term floating funds to an all-time high of 900 trillion won ($851.4 billion), igniting concerns about poor money circulation. According to Bank of Korea and Korea Financial Investment Association, the total short-term floating funds stood at 884.4 trillion won as of late June. They grew 90 trillion won in first half of this year, revealing that long-term investments are fast losing steam in the money market. The short-term floating fu
Aug. 16, 2015
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Park urges Japan to back up its pledge on history with actions
President Park Geun-hye urged Japan on Saturday to take sincere actions to back up its pledge to uphold the position on the recognition of history by its previous Cabinets.South Korea and Japan are close economic partners and key allies of the United States, though they have long been in conflict over territory and other historical disputes stemming from Japan's 1910-45 colonial rule of the Korean Peninsula.Japan should "demonstrate with consistent and sincere actions its pledge to inherit the r
PoliticsAug. 15, 2015
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S. Korea urges Japan to demonstrate commitment to past apologies
South Korea urged Japan on Saturday to take concrete steps showing its commitment to previous governments' apologies for Tokyo's imperialist past, saying it hopes to open a new future with the neighboring nation.Marking the 70th anniversary of the end of World War II, Japanese Prime Minister Shinzo Abe said Friday the position "articulated by the previous Cabinets will remain unshakable into the future." He did not offer a fresh apology of his own, saying "Japan has repeatedly expressed the feel
PoliticsAug. 15, 2015
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N. Korea sets new time zone
North Korea set itself a new time zone Saturday in a move expected to complicate relations with South Korea.North Korea's time zone is now 30 minutes behind that of the South."The Presidium of the Supreme People's Assembly of the DPRK decided to set the standard time of the Republic with 127 degrees 30 minutes east longitude as a standard and to apply it from August 15," the North's official Korean Central News Agency said in a dispatch, referring to the country's rubberstamp parliament.DPRK is
North KoreaAug. 15, 2015
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Park vows to sternly deal with any North Korean provocations
President Park Geun-hye warned Saturday of retaliation against North Korea for its possible provocations amid heightened tension on the Korean Peninsula.South Korea "will sternly deal with any North Korean provocations," Park said in a televised speech marking the 70th anniversary of Korea's independence from Japanese colonial rule.Liberation Day, which falls on Saturday, is one of the major holidays in both Koreas.She said provocations and threats will only result in isolation and destruction.P
PoliticsAug. 15, 2015
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Japan minister visits controversial Tokyo war shrine: AFP
A Japanese cabinet minister Saturday visited Tokyo's Yasukuni war shrine on the 70th anniversary of the end of World War II in a move likely to anger China and South Korea which see it as a symbol of the country's militarist past.An AFP reporter saw Haruko Arimura, minister in charge of women's empowerment, enter the gates of the leafy shrine dedicated to millions who died in conflicts -- but also including more than a dozen war criminals.Other politicians walked down the shrine's stone path Sat
World NewsAug. 15, 2015
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N. Korea slams Abe statement for lack of apology
North Korea denounced Japanese Prime Minister Shinzo Abe's war anniversary statement Saturday, saying he failed to acknowledge and apologize for his country's wartime deeds.An unnamed spokesman for the North's foreign ministry issued a statement hours after the Japanese premier read out his speech in Tokyo to mark the 70th anniversary of the end of World War II."Japan is talking about future and responsibility and contribution in the international community, without making an apology and reflect
North KoreaAug. 15, 2015
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N. Korea threatens 'indiscriminate strikes' unless S. Korea halts anti-Pyongyang broadcasts
North Korea threatened Saturday to carry out "indiscriminate strikes" on South Korea unless Seoul halts anti-Pyongyang broadcasts along their border.In an "open warning" issued by the North Korean military's front-line command, the country demanded South Korea remove all means of psychological warfare or face "all-out military action.""If they turn down the demand of the DPRK, it would start an all-out military action of justice to blow up all means for 'anti-north psychological warfare in all a
North KoreaAug. 15, 2015
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Ban calls for 'reflection, understanding of history' after Abe statement
U.N. Secretary-General Ban Ki-moon hopes that Japan and its neighbors will work together for peace and prosperity based on "reflection and understanding of history," his spokesman said Friday.The remark came in response to a statement that Japanese Prime Minister Shinzo Abe issued earlier Friday to mark the 70th anniversary of the end of World War II, in which the nationalist leader failed to offer a clear apology of his own for the country's wartime wrongdoings."The secretary-general has taken
World NewsAug. 15, 2015
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S. Koreans 'disappointed' with rhetoric, absence of new apology in Abe statement
South Korean political parties and civic groups expressed their dismay Friday over Japanese Prime Minister Shinzo Abe's war anniversary statement, noting he failed to sincerely apologize for his country's wartime atrocities.The ruling Saenuri Party said Abe's statement, released on the eve of the 70th anniversary of the end of World War II, was "disappointing" in that it only made an indirect reference to Korean and other Asian women who were forced into sex slavery for Japanese troops, or "comf
InternationalAug. 14, 2015
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S. Korea urges Japan's 'sincere action' over history
Foreign Minister Yun Byung-se called on Japan Friday to take "sincere action" over the history issue. Yun had phone talks with his Japanese counterpart Fumio Kishida shortly after Prime Minister Shinzo Abe issued a war anniversary statement, a government official said.The Japanese minister explained the background of Abe's wordings and stressed that the Abe administration will stick to the history perception held by its predecessors, the official told reporters on the condition of anonymity.In r
InternationalAug. 14, 2015
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China's state media takes snipe at Abe's 'watered-down' apology
China's state-run news agency Friday criticized Japanese Prime Minister Shinzo Abe for issuing a "watered-down" apology in his speech marking the 70th anniversary of the country's surrender in World War II. In a commentary, Xinhua news agency said the speech by Abe was a "retrogression" from past apologies by former Japanese leaders, saying, "The adulterated apology is far from being enough for Japan's neighbors and the broader international community to lower their guard." One day before Japan
World NewsAug. 14, 2015
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Japan P.M. stops short of apology for World War II
Japan's Prime Minister Shinzo Abe acknowledged Friday that Japan had inflicted “immeasurable damage and suffering” on innocent people in World War II, but stopped short of apologizing in a statement marking the 70th anniversary of the country's surrender.Japanese Prime Minister Shinzo Abe delivers a statement to mark the 70th anniversary of the end of World War II during a press conference at his official residence in Tokyo Friday. (Yonhap)Instead he said that Japan's repeated past “heartfelt ap
World NewsAug. 14, 2015
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North Korea denies role in DMZ mine blasts
North Korea on Friday denied its involvement in the landmine explosion on the South Korean side of the demilitarized zone, demanding Seoul provide solid proof.North Korea's National Defense Commission said in a statement that it "does not make sense" for it to bury the landmines that injured two South Korean staff sergeants on Aug. 4.South Korea's Joint Chiefs of Staff immediately refuted the statement, adding that the North will suffer the consequences of their actions. Three wooden-box landmin
North KoreaAug. 14, 2015
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Greek lawmakers back 3rd bailout after all-night debate
Greek lawmakers approved their country's draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent.The vote came after a marathon all-night session marked by procedural delays and acrimonious debate over the three-year, about 85 billion-euro ($93 billion) rescue package that includes harsh spending cuts and tax hikes. Greece needs the money to avoid defaulting on its debts and securing its future in the
World BusinessAug. 14, 2015
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Seoul mayor most preferred as next president: poll
Seoul Mayor Park Won-soon was picked as the most preferred potential candidate to run in the next presidential election, a poll showed Friday, outpacing the leader of the ruling Saenuri Party.Around 16 percent of the 1,005 respondents said they would vote for Park in the next presidential election, according to the poll conducted by Gallup Korea. It marked a percentage point drop from June and July, but he maintained the top spot for the third month in a row.Kim Moo-sung, chairman of the ruling
PoliticsAug. 14, 2015
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Firefighter rescued from blast zone in China's Tianjin port
Rescuers Friday pulled out a firefighter who was trapped for 32 hours after responding to two huge explosions in Tianjin, state media said, as authorities moved forward gingerly in dealing with a fire still smoldering amid potentially dangerous chemicals.A man stands near the charred remains of new cars at a parking lot near the site of an explosion at a warehouse in northeastern China's Tianjin municipality. (AP)The two explosions late Wednesday at the Chinese port city -- one of them the equiv
World NewsAug. 14, 2015