Most Popular
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Ex-presidential official’s leaked phone call rattles conservative bloc
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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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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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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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Samsung, Hyundai chiefs to accompany Yoon on Singapore trip
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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BTS-themed moon jar to be unveiled on Hangeul Day
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[Robert Fouser] Why the US election looks so close
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Access to online pornography should be regulated: KCC
With most Koreans using the Internet and mobile devices, illegal and harmful information on the Internet is on the rise. According to last year’s statistics, the number of smartphone users exceeded 40 million, about 80 percent of the total population. During the same period, requests for correcting illegal information made by the Korea Communications Standards Commission also increased 28 percent to 130,000 cases from a year ago. Among them, content on prostitution and pornography made up the
TechnologyAug. 5, 2015
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[Shin Yong-bae] Time for Lotte to change
The succession battle in Lotte Group is rocking the nation at a time of the peak summer vacation period in Korea. This fight to take the helm of the nation’s fifth-largest conglomerate is so bitter and dramatic that some editorials compare it to a “makjang” TV soap opera with a highly sensational and crappy plot. The main actors are the nonagenarian founder of the Korean-Japanese conglomerate Shin Kyuk-ho and his two sons -- Shin Dong-joo and Shin Dong-bin, both in their early 60s. Other found
ViewpointsAug. 5, 2015
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Health concerns raised of aging Lotte founder
Lotte founder Shin Kyuk-ho (Yonhap)Controversy over the decision-making abilities of Lotte Group founder and general chairman Shin Kyuk-ho is escalating after a Japanese Lotte CEO raised concerns about the current health of the 93-year-old tycoon. “The former chairman and I met up on July 27, and at first, he was calm and did not show any signs of problems. But there were moments during the middle of our conversation when I felt a bit alarmed,” Takayuki Tsukuda, CEO of Lotte Holdings, the de fa
IndustryAug. 5, 2015
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[Kim Myong-sik] Our wretched young generation
The older generation has many complaints about today’s youth. Nine out of 10 young men and women in the subway are glued to their smartphone screens, texting with friends or engrossed in video games. Their attire -- girls’ short pants almost invisible between their blouses and sandals and boys’ flat-bill caps and long shorts -- lacks character. Their facial contour overlaps with plastic surgery posters. Yet, we are genuinely sorry for them. Born in the era of economic prosperity, they are enter
ViewpointsAug. 5, 2015
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Minimum wage declared despite resistance
The South Korean government Wednesday announced next year’s minimum wage at 6,030 won ($5.14) per hour, up 8.1 percent from this year -- despite the ongoing opposition from labor unions and management -- vowing to strengthen the enforcement to prevent fallout.The hourly wage of 6,030 won translates to 48,240 won a day and 1.26 million won a month for those who work eight hours a day.The government said the pay raise will affect an estimated 3.42 million people, which makes up 18.2 percent of all
Social AffairsAug. 5, 2015
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[팟캐스트](105) 롯데 사태 외 1건
진행자: 이현정, Kevin Lee 1. 롯데 사태 기사요약: 신격호 롯데 총괄회장의 장남인 신동주 전 일본롯데 부회장의 ‘쿠데타’가 하루 만에 물거품이 된 가운데 롯데 가족의 경영권 분쟁이 극에 달하고 있다. 신 부회장은 ‘네거티브 공세’를 계속하는 반면, 차남 신동빈 롯데그룹 회장은 경영자의 모습을 강조하며 사태 진화에 나서고 있다. 한국 롯데 계열사 사장단과 일본 롯데 사장이 신 회장에 대한 지지를 표명한 가운데 앞으로 열릴 주주총회가 분수령이 될 전망이다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드):http://www.podbbang.com/ch/6638 Lotte chairman strives to soothe citizens over feud [1] Lotte Group chairman Shin Dong-bin on Mo
PodcastAug. 5, 2015
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Short selling record-high amid economic downturn
Short selling in the Korean stock markets hit an all-time high in July, as a lackluster economy fueled investors’ pessimism. According to main bourse operator Korea Exchange, the average daily short selling in July totaled 431.8 billion won ($370.9 million) in the benchmark KOSPI and tech-laden KOSDAQ, having doubled year-on-year from 206.7 billion won. This is the highest recorded since KRX started booking the data in January 2008. (123RF) By bourse, the daily shorts in KOSPI
Aug. 5, 2015
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Seoul to build floating aerodrome in Hangang River
Seoul City confirmed Wednesday its plan to construct a floating aerodrome on the Hangang River despite concerns about the safety of neighboring regions and planes.Seoul Metropolitan Government said it would push for constructing a floating aerodrome next year as part of its efforts to boost tourism and diversify the use of the river. The most likely location will be the southeastern section of the river, either between Seongsu Bridge and Yeongdong Bridge or between Cheongdam Bridge and Jamsil Br
Social AffairsAug. 5, 2015
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[Graphic News] Over 90% of Koreans own cellphones
Nine of 10 Koreans own a cell phone, a poll showed Wednesday.According to a survey by Korea Information Society Development Institute, 92.4 percent of respondents, or 9,413 people, replied that they owned a cell phone (including smartphone).The results also showed that people in their 10s, 20s and 30s had the highest ratio of smartphone ownership. A total of 91.6 percent of all cell phones owned by teenagers were smartphones, while the ratio was 99.3 percent for people in their 20s and 97.2 perc
IndustryAug. 5, 2015
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Seoul historians urge quick resolution of 'comfort women' issue
South Korean historians Wednesday called on Japan to swiftly resolve the issue of its wartime sexual enslavement of Korean women, as South Korea prepares to commemorate the 70th anniversary of its independence from Japanese colonial rule.More than 200,000 women, mostly Koreans, were sexually enslaved by Japanese soldiers during World War II, according to historians.Several Japanese politicians, most notably former Chief Cabinet Secretary Yohei Kono and former Prime Minister Tomiichi Murayama in
Foreign AffairsAug. 5, 2015
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Enjoy clean-air fitness at Millennium Seoul Hilton
Every summer, Koreans are faced with relatively few options to beat the scorching heat.Some hop on a plane and travel overseas for sightseeing and shopping, while others stay in the country and drive long hours to beaches like Haeundae to enjoy a splash of ocean waves and a suntan.And there are those who would rather work in their air-conditioned office and save their vacation for later, rather than travel and rub shoulders with the crowd.A fresh option is beginning to gain attention ― hotels.No
CultureAug. 5, 2015
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S. Korea moving to reform chaebol after Lotte episode
The government and the ruling Saenuri Party are moving to reform the ownership structure of the country's family-run conglomerates amid public backlash over an escalating power struggle in Lotte Group, official sources said Wednesday.Lotte, South Korea's fifth-largest family-run business group, has drawn harsh condemnation and come under scrutiny after the two sons of group founder Shin Kyuk-ho and other family members have openly squabbled over control of the sprawling retail giant.Party inside
IndustryAug. 5, 2015
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Park urges N. Korea to embrace reform and openness
President Park Geun-hye urged North Korea Wednesday to embrace reform and openness amid a rare sign of thaw on the divided Korean Peninsula."I hope that North Korea will build a future for co-prosperity and development by opening its doors and choosing the path of change," Park said in a ceremony in Cheorwon, a county near the border with North Korea.The ceremony is designed to break ground for the restoration of the South's section of a disconnected inter-Korean railroad that once linked centra
North KoreaAug. 5, 2015
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S. Korea to pump more capital into two state banks
South Korea's financial authorities are considering pumping money into two state banks with heavy exposure to loss-making local shipbuilders to help them maintain financial health, financial officials said Wednesday.The country's big three shipyards -- Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. -- racked up a record 4.78 trillion won ($4.26 billion) in losses in the second quarter and their combined operating loss is estimated at 4
Aug. 5, 2015
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Prosecutors to reinvestigate lawmaker over alleged sexual assault
Prosecutors said Wednesday they will reinvestigate a ruling party lawmaker who had been accused of sexual assault but was previously cleared of charges by police. Rep. Sim Hag-bong, formerly of the ruling Saenuri Party, was suspected of sexually assaulting a woman in her 40s at a hotel in Daegu, a major city in North Gyeongsang Province, on July 13. He was cleared of the allegation on Tuesday, after police questioned him. Rep. Sim Hag-bong (Yonhap)The Daegu Metropolitan Police Agency said the 54
Social AffairsAug. 5, 2015
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Daum Kakao opens IT center for handicapped in Vietnam
South Korea's top mobile messenger operator Daum Kakao Corp. said Wednesday it has opened an education center in Vietnam to provide information technology courses for the mentally handicapped.The company said the education center in Hanoi aims to narrow the digital divide in the country in cooperation with the Korea International Cooperation Agency."While employers demand handicapped jobseekers have ICT capabilities, the education infrastructure (in Vietnam) is poor," Daum Kakao said, adding it
CompaniesAug. 5, 2015
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LG to roll out flip smartphone in Europe
LG Electronics Inc., South Korea's No. 2 smartphone maker, said Wednesday it will start selling its latest flip smartphone in Europe and the neighboring region this week, following its domestic release late last month. The LG Gentle will be available in Europe and subsequently in the Commonwealth of Independent States including Russia and Uzbekistan, for around 200,000 won ($171), the company said in a statement. The foldable smartphone has been sold in the same price range in South Korea from J
TechnologyAug. 5, 2015
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Asiana Airlines ordered to pay 14 bln won after tax probe
Asiana Airlines Inc., South Korea's second-largest flag carrier, has been ordered to pay about 14 billion won ($12 million) as a result of a tax probe into its business, industry sources said Wednesday.The order was based on a probe conducted by the National Tax Service during the March-May period, the sources said. The airline has said it is just a regular probe that followed the previous one in 2011, adding that there is no particular issue.The NTS, however, reportedly had focused its investig
Social AffairsAug. 5, 2015
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S. Korea mulls setting up body for history textbooks
Education Minister Hwang Woo-yea has said the government does not rule out establishing a body responsible for the publication of Korean history textbooks for students."There could be confusion among our young students on our history as there are various (history textbooks)," Hwang said Tuesday in an interview with Yonhap News Agency at his office in the central city of Sejong.Currently, eight private publishing companies print history textbooks after winning approval from the government. Middle
Social AffairsAug. 5, 2015
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E-Mart to rev up China business, ends store closures
E-Mart Inc., South Korea's largest discount grocer, said Wednesday it aims to end the restructuring of its Chinese business and focus on improving it, but skeptics remained negative on the company's operations in China.The retail giant, which once operated as many as 27 branches in the country, has been shutting down stores in the past five years, spurring speculation it may even exit from the Chinese market."With the Aug. 3 closure of a branch in Shanghai, there will be no additional shutdowns
CompaniesAug. 5, 2015