Most Popular
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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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Military aircraft evacuating S. Koreans in Lebanon returns home
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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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BTS-themed moon jar to be unveiled on Hangeul Day
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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[Robert Fouser] Why the US election looks so close
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Market uncertain on Korea's October rate cut despite slowed inflation
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LG to double OLED TV lineup
LG Electronics said Monday it would add five new organic light-emitting diode TVs in the coming months, doubling its Korean lineup to a total of 10 models. The Korean tech giant said four of the new models will be “Ultra” models that offer ultrahigh definition displays aimed at appealing to premium customers. New models also feature the company’s Art Slim Design that has further reduced the size of parts and circuits for a slimmer design. For example, the 55-inch Ultra OLED TV boasts a 4.8-milli
TechnologyJuly 27, 2015
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S. Korea, U.S. discuss N.K. nuke
Sydney Seiler, the U.S. special envoy to the multilateral talks on North Korea’s denuclearization, met with senior South Korean officials on Monday in Seoul to discuss Pyongyang’s evolving nuclear program and ways to persuade it to come out for dialogue. Sydney Seiler, the U.S. special envoy to the multilateral talks on North Korea’s denuclearization, speaks in a meeting with the press in Seoul. (Yonhap)His meeting with Seoul officials came ahead of the trilateral talks among the nuclear envoys
North KoreaJuly 27, 2015
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[Newsmaker] Obama focuses on S. Sudan peace
Barack Obama opened talks in Ethiopia on Monday during the first-ever trip by a U.S. president to Africa’s second-most populous nation and the seat of the African Union. Ethiopian Prime Minister Hailemariam Desalegn (right) greets U.S. President Barack Obama upon his arrival at Bole International Airport in Addis Ababa on Sunday. AFP-YonhapObama, who flew into a rainy Addis Ababa late on Sunday after a landmark trip to Kenya, his father’s birthplace, went into bilateral talks with Ethiopian Ethi
Latest NewsJuly 27, 2015
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Korea to create 200,000 jobs for youth by 2017
The government unveiled Monday a plan to create more than 200,000 jobs for those aged between 15 and 34 by 2017 in collaboration with six major business associations.The measures mapped out by five ministries, including the Finance Ministry and Labor Ministry, came amid concerns about high youth unemployment.The number of jobless people in their 20s reached 410,000 in the first half of this year, an all-time high since the state statistical office began to tally the figures in 2000.Business lead
July 27, 2015
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Financial education key to Korea’s advancement
This is the fourth in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed. Oh Soon-myoungIt was one of the hottest days this summer when a group of employees at the Financial Supervisory Service visited the rural village Seondang in Chungju, a city of North Chungcheong Province, and shed a bucket of sweat in helping harvest fully ripe peaches and corn. This recent event took place to celebrate the partnership that t
July 27, 2015
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NIS chief denies spying on civilians
Korea’s top spy agency chief Monday categorically denied allegations the agency used a hacking program to wiretap citizens during the first session of a bipartisan parliamentary committee that aims to probe any wrongdoings by the NIS. Lee testified before the National Assembly Intelligence Committee’s closed-door session, saying that the NIS had found no evidence of civilian surveillance following an internal investigation into computer files believed to hold evidence. “(The NIS) has never s
PoliticsJuly 27, 2015
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Does Korea benefit from FTA with EU?
July 1 marked the fourth anniversary of the EU-Korea free trade agreement, which entered into force in 2011. It was touted as the first of a new generation of FTAs, going further than any previous agreements in lifting trade barriers. Being also the EU’s first trade deal with an Asian country, Korea was expected to benefit immensely.The agreement eliminated duties for industrial and agricultural goods in a progressive, step-by-step approach. The majority of import duties were removed already whe
July 27, 2015
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Financial regulators to hold investigative power
Starting from August, financial officials will be able to directly investigate cases of unfair stock trading.So far, they have referred such cases to police or the prosecution as they have no investigative authority.This incoming change reflects investigators’ recognition that complicated financial transactions are better suited for specialists with actual field expertise.Last week, the National Assembly passed the revised judicial police law, which grants special investigation power to official
July 27, 2015
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[Photo News] Joint efforts for 5G
JOINT EFFORTS FOR 5G -- Cho Sung-ho (third from right, first row), head of mobile carrier SK Telecom's 5G tech lab and Melih Tufan, head of telecom equipment supplier Ericsson's packet core product line, pose at an MOU ceremony held in Stockholm on Sunday. The firms will collaborate to develop key technologies for the next-generation 5G network, including network slicing, a term depicting technology to have a single network partitioned and tailored for different network services. SKTJOINT EFFORT
TechnologyJuly 27, 2015
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Bae Yong-joon is no longer a bachelor
First-generation Hallyu star marries actress Park Soo-jin in private wedding Bae Yong-joon, the sweet guy from “Winter Sonata” who stole the hearts of many Japanese housewives in the early 2000s, has married a lesser-known actress 13 years his junior in a private nuptial in Seoul on Monday. (Instagram)The wedding between Bae and Park Soo-jin took place at 6 p.m. at the Sheraton Grand Walkerhill hotel in Seoul, with only family and close friends in attendance. Hoping to catch a glimpse of the br
July 27, 2015
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Debate flares over number of lawmakers
The main opposition party reignited a heated political debate Monday by suggesting as part of its electoral reform plan to raise the number of lawmakers from the general elections next year. The proposal prompted different reactions and interpretations from main and minor parties, cautiously tiptoeing around a potential rise in the number of parliamentary seats and the negative public opinion over lawmakers’ prerogatives.Kim Sang-kon, head of the reform committee of the New Politics Alliance for
NationalJuly 27, 2015
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MERS outbreak virtually ends
South Korea on Monday released the last of 16,693 suspected patients who had been quarantined to prevent the possible further spread of the Middle East respiratory syndrome since the first outbreak in late May. With no one remaining under quarantine and 12 confirmed patients still at hospitals for treatment, Seoul is to announce a “de-facto end” of the health crisis Tuesday. “We can now confirm that the possibility of community-transmission of the virus is almost zero,” said Choo Moo-jin, head o
Social AffairsJuly 27, 2015
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Samsung beefs up curved-screen lineup
Riding on the popularity of its Galaxy S6 Edge smartphone, Samsung Electronics is beefing up its curved-screen lineup. The Korean tech giant will launch its two new phablets -- Galaxy S6 Edge Plus and Galaxy Note 5 -- on Aug. 13. According to industry sources on Monday, however, more marketing resources are expected to be poured into the bigger-screen version of its hot-selling Galaxy S6 Edge than the new Note. Samsung Electronics’ Galaxy S6 Edge Plus. SamsungSources said Samsung will roll out
TechnologyJuly 27, 2015
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[Editorial] Still idle
Fifteen months have passed since the Sewol ferry disaster shook the nation, and many Koreans may have recovered from the initial shock of one of the worst maritime calamities. But this does not mean that they could ease up on what they suffered and what they committed themselves to when the tragic accident overtook the entire nation. So it is utterly disturbing to hear that the special committee named to investigate what caused the ferry to sink and find what we should do to prevent such a disa
EditorialJuly 27, 2015
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[Editorial] Do not repeat failure
The government and the ruling party have set labor reform as their top priority in the second half of this year. Under the agreement, the Saenuri Party has formed an ad-hoc committee to push the reform program. There is no doubt that without reforming the notoriously rigid labor market, Korea will be unable to overcome the low-growth trap and the worsening unemployment problems. The recent developments have added urgency to the need for labor reform: The economy grew less than 1 percent for th
EditorialJuly 27, 2015
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[Andrew Sheng] Getting stock prices right and reforming markets
The two events that shook the world in June and early July were the Greek crisis and China’s stock market gyrations. Both events were about getting prices right -- the Greek negotiations on whether Greece can sustain such high debt without some debt write-offs and the Chinese stock markets finding their own price equilibrium. After nearly seven year’s stagnation of drifting around the 2,000 level, the Shanghai Composite rose sharply in 2015 to 5166 on June 12 and then went for a 30 percent corr
ViewpointsJuly 27, 2015
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Herald orchestra to join 2015 Incheon Summer Festival
The Herald Philharmonic Orchestra, led by conductor Kim Bong-mee, is gearing up to inspire youth of today by performing as part of the upcoming 2015 Incheon Summer Festival next month.The fifth annual festival, which will be held from Aug. 11-16 at the Incheon Culture & Arts Center, is a classical music festival that is specifically geared toward young children who are interested in learning and further developing their passions for the classical arts. Selling out all its shows for the past two
PerformanceJuly 27, 2015
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[David Ignatius] The new era of the lone wolf
“He acknowledged the truth, he gives (allegiance), the order has been given, his heart beats, he accepts, butterflies kick in. ... The target is given, the anticipation is over, a sense of relief.” With this stream-of-consciousness narrative, an Islamic State fighter using the name of Abu Abdullah Britani posted this call May 10 on Twitter to would-be jihadists in the West. Don’t second-guess yourself, he cautioned, in messages translated by the SITE Intelligence Group. “Thoughts going through y
ViewpointsJuly 27, 2015
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Korea’s per capita GDP may shrink in 2015
By Chung Joo-won South Korea’s per capita gross domestic product this year may fall for the first time in six years on the weak won and lackluster growth, a private think tank said Monday. The LG Economic Research Institute, the research arm of LG Group, estimated Korea’s per capital GDP in 2015 at $27,600, down 1.8 percent from 2014. The think tank attributed the fall to the appreciation of the U.S. dollar against Korean won. The per capita GDP, a dollar-denominated index, decreases when the Ko
July 27, 2015
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NIS chief denies monitoring citizens
The chief of the country's top intelligence agency asserted Monday that it has never monitored citizens, vowing to step down from his post if there is truth to the allegation, according to a lawmaker. Lee Byung-ho, the head of the National Intelligence Service, told lawmakers in a closed-door briefing at the National Assembly that the NIS has never carried out illegal surveillance of ordinary citizens, according to Won Yoo-chul, floor leader of the ruling Saenuri Party.Nanatech Ltd. is accused o
PoliticsJuly 27, 2015