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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[Behind the wheel] Spacious K5 flaunts virtues of good family sedan
It is no secret that Kia Motors has a knack for pulling off spacious interiors, and its New K5 is a prime showcase of that ability. The New K5 (Kia Motors)The moment I opened the door of the midsize sedan, I instantly noticed the lofty space in the back, large enough not only for tall adults but also luggage on the floor. The front seats were equally spacious, allowing plenty of legroom. The interior design was lean, modern and simple, accentuating the space. According to Kia, the wheelbase was
MobilityJuly 26, 2015
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New BMWs to win motor lovers' hearts
BMW has long reigned in the country’s imported car market and is now gearing up to consolidate its status with four new models scheduled to be out starting September. “Carmakers tend to upgrade their models on a regular basis, but this year is even more exciting with some of the best models being revamped or undergoing a full change,” a publicist for BMW Korea said. The New 3-seriesThe 3-seriesThe iconic sports sedan New BMW 3-series will be back in September with both sedan and wagon models.
MobilityJuly 26, 2015
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Conglomerates’ stock value plunges W40tr
The nation’s 10 biggest business groups saw their market capitalization on the main bourse drop sharply over the past few weeks or months in the wake of lackluster exports and foreigners’ net-selling streak.According to Chaebol.com, a conglomerate data tracker, listed units of the 10 conglomerates lost about 40 trillion won ($34.4 billion) in their collective market capitalization this year to date.It fell by 5.5 percent from 719.6 trillion won on Jan. 2 to 679.6 trillion won as of July 23.The m
July 26, 2015
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[Editorial] Patient records leak
Medical information on nearly 90 percent of Korean population was sold as big data to a multination firm, raising concerns about safekeeping of the highly confidential information. A company specializing in developing medical fees settlement programs used by hospitals and the Korea Pharmaceutical Information Center -- which distributed free pharmacy management software to nearly half of the country’s pharmacies -- were caught having sold a vast amount of data to a multinational firm, IMS Health
EditorialJuly 26, 2015
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[Editorial] Pardons for businessmen
Last Friday’s Blue House luncheon attended by 17 business leaders and heads of Centers for Creative Economy and Innovation supported by their companies was an occasion for the corporate top brass to talk directly with President Park Geun-hye. The luncheon meeting, held to celebrate the recent opening of the last of the creative economy centers in Incheon -- there are now 18 such centers -- lasted more than three hours, a sign that there was a lot of talk at the meeting. Entering the last half of
EditorialJuly 26, 2015
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Youth unemployment rate in Korea reaches highest in 15 years
Park Jin-hyung, a 28-year-old university graduate, feels more anxious than ever before. He has just finished his second internship at a big firm, with no full-time job lined up. Park, who holds a double degree in business and international relations, has applied to about 60 companies since January, but was only interviewed by three firms that eventually did not offer him any positions. “I spent an extra year after graduating high school to write my college entrance exam again, and I spent two ye
Social AffairsJuly 26, 2015
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[Trudy Rubin] Israeli support for Iran deal
Israeli officials are orchestrating a campaign to have Congress scuttle the Iran nuclear deal by voting it down and overriding a promised presidential veto. Republican presidential hopefuls have jumped on the bandwagon, denouncing the deal as if it heralded the end of the world. There are indeed very serious concerns about the details, which the administration must try to allay. And Israel, whose right to exist is challenged by Iran, has every right to be concerned. But before Capitol Hill sinks
ViewpointsJuly 26, 2015
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Ottogi releases noodle brand
Ottogi has joined the competition to sell the dry noodle version of jajangmyeon with its release of “Jin Jjajang.” Jin Jjajang, with a strong, smoky flavor, reproduces the soft, chewy texture of the noodles commonly found in Chinese restaurants, as well as the deep taste of jajang from olden times by adding pork and ginger in its black bean paste and onion sauce.The product has beef-flavored powder, onion, cabbage, potatoes and soy protein flakes, and comes with a liquid flavoring instead of the
IndustryJuly 26, 2015
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[J. Bradford DeLong] Repeating Depression’s mistakes
BERKELEY -– Back in the early days of the ongoing economic crisis, I had a line in my talks that sometimes got applause, usually got a laugh, and always gave people a reason for optimism. Given the experience of Europe and the United States in the 1930s, I would say, policymakers would not make the same mistakes as their predecessors did during the Great Depression. This time, we would make new, different and, one hoped, lesser mistakes. Unfortunately, that prediction turned out to be wrong. No
ViewpointsJuly 26, 2015
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North Korea advertises state firms at soccer match
North Korea used billboards to advertise its state firms during an international soccer competition in Pyongyang last month, indicating that the communist state is employing a capitalist tool to advance its economic interests.The North’s official Korean Central Television recently broadcast a preliminary regional competition between the North and Uzbekistan for the 2018 FIFA World Cup Russia. During the broadcast, it showed ads for several North Korean firms selling Korean ginseng, construction
North KoreaJuly 26, 2015
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Retailers slash prices to soften MERS blow
South Korea’s major retailers are holding massive events in a bid to rekindle sales and vitalize consumer sentiment, which was seriously hit by the outbreak of the Middle East respiratory syndrome between late May and early July. Shoppers flock to grab bargains at a Black Shopping Day event held by Lotte Department Store at BEXCO in Haeundae, Busan, Friday. (Yonhap)Department stores and discount outlet chains are slashing prices of luxury and fashion items to clear out their inventory while duty
IndustryJuly 26, 2015
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Kumho Tire provides tires to Dodge Viper ACR
Kumho Tire announced last week that it would provide original-equipment tires for the 2016 Dodge Viper ACR by U.S. supercar company Dodge, a brand under the world-leading Fiat-Chrysler Automobiles.The Dodge Viper is a sports car with one of the industry’s largest displacements at 8,400cc, and has achieved one of the fastest records in Germany’s Nurburgring lap time competitions. The 2016 Dodge Viper ACR is said to be the fastest Viper model to date. The 2016 Dodge Viper ACR (Kumho Tire)Kumho Tir
MobilityJuly 26, 2015
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N.K. rocket threats escalate
North Korea’s recent deployment of four multiple rocket launchers on a border island is raising questions whether South Korea is sufficiently prepared to handle threats from these rockets and other artillery targeting Seoul and its surrounding areas.This file photo shows North Korea’s forward-deployed artillery piece, marked with a red circle, at its border island of Galdo, 4.5 km from South Korea’s Yeonpyeongdo Island. (Yonhap) In recent years, defense discourse here has centered on countering
DefenseJuly 26, 2015
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BOK sees W1.8tr loss on gold price plunge
By Chung Joo-wonSouth Korea’s central bank reported a 1.8 trillion won ($1.54 billion) loss as record-low international gold prices devalued its reserve, the parliamentary finance committee revealed Sunday.According to the Bank of Korea’s report to the National Assembly’s Strategy and Finance Committee, the value of the bank’s gold purchased in 2011-2013 depreciated by 33 percent on average at current value.Last week, the gold price plunged to its lowest level in five years since April 2010, plu
July 26, 2015
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Time travel to your imaginary destination
When you accidentally find a boarding pass from your last trip, it instantly reminds you of the time and place you had been, bringing an urge to leave everyday work behind and travel to an exotic place. This may be what visitors to the Plateau Samsung Museum of Art feel when they walk into new exhibition “Aeroport Mille Plateaux.” The exhibition hall has been transformed into an airport by artist duo Michael Elmgreen and Ingar Dragset. The admission ticket looks just like a boarding pass. Exhib
CultureJuly 26, 2015
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Lawmakers to grill NIS over hacking scandal
Lawmakers are set to begin a parliamentary probe this week into allegations that the nation’s spy agency purchased a hacking program to wiretap civilians, starting with an analysis of related computer files. Starting from Monday, the National Assembly’s Intelligence Committee will begin a session to hear from the National Intelligence Service’s top officials, including its chief Lee Byung-ho, about the result of the agency’s internal investigation. The NIS has been recovering the deleted data o
NationalJuly 26, 2015
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[Graphic News] Korea reports no additional MERS cases for 21st day
South Korea looks to be finally approaching an end to its spread of Middle East respiratory syndrome as it reported no additional cases for the 21st consecutive day on Sunday, with the number of patients remaining unchanged at 186.No additional fatalities from the disease were reported for the past 14 days, leaving the country’s death toll unchanged at 36, the Ministry of Health and Welfare said.Of the 186 people who have contracted the disease, 12 are still being treated while the remaining 138
Social AffairsJuly 26, 2015
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Ruling party chief thanks U.S. veterans of Korean War
The chief of South Korea's ruling party met with U.S. veterans of the Korean War Saturday and thanked them for their service to the bilateral alliance.Kim Moo-sung, chairman of the Saenuri Party, arrived in the U.S. capital earlier in the day on a nine-day visit that will also take him to New York and Los Angeles.The visit is expected to focus on the allies' joint response to North Korea's nuclear weapons program.While having dinner at a hotel with a group of U.S. veterans of the 1950-53 Korean
DefenseJuly 26, 2015
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Unemployed 20-somethings hits new high for H1
The number of unemployed South Koreans in their 20s hit a new first-half record, data showed Sunday, adding to concerns over murky employment outlooks for the country's younger generation.There were 410,000 unemployed people aged between 20 and 29 in the January-June period, the highest level since relevant data was compiled by Statistics Korea. The previous record was 402,500 in the first half of 2000.The number of unemployed people in their 20s had hovered in the 330,000 level following the gl
July 26, 2015
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3 women killed, 1 injured after car falls into sea
Three women were killed and another woman was injured when their car fell into the sea at a port in South Korea's southwestern area, police said Saturday.The accident occurred around 9:33 a.m. at Paengmok Port when their car failed to properly make a U-turn and drove off a two-lane road, plunging into the sea, police said.A 51-year-old woman, who injured her left arm in the crash, got out through a window and was rescued by nearby people. (Yonhap)Three other women in their 40s received CPR after
Social AffairsJuly 26, 2015