Articles by 임정요
임정요
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Speculation grows over Park's fourth address over scandal
Speculation is growing that President Park Geun-hye may deliver yet another address to the nation over a corruption scandal involving her and her longtime friend, in a last-ditch effort to foil an impeachment vote slated for later this week.Observers said that the embattled president may specify the exact time for her resignation during a speech that could be made on Tuesday or Wednesday -- at least a few days before an impeachment motion is put to a vote on Friday.Last week, Park already expres
Politics Dec. 5, 2016
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Chevrolet Malibu, SM6 named safest new cars of year
The Chevrolet Malibu and SM6 midsize sedans have been named safest cars of the year in an annual government safety assessment of new cars launched in South Korea, the transportation ministry said Monday.Both the Chevrolet Malibu and the SM6 received the highest points of 92.1 in the government assessment program that reviewed 14 new cars, according to the Ministry of Land, Infrastructure and Transport.The two cars were followed by the K7 midsize sedan from Kia Motors Corp., which received 91.7 p
Mobility Dec. 5, 2016
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Korean intangible heritage week opens in Mexico
This year's Korean Intangible Cultural Heritage Week will open in Mexico City to provide the locals chances to learn and enjoy Korea's traditional arts, organizers said.The Korean Cultural Center in Mexico said on Sunday it is planning a variety of special events to mark the weeks between Dec. 5 to 23 in cooperation with the National Intangible Heritage Center and the Korea Cultural Heritage Foundation.The events are to provide education sessions on art as well as performances and exhibitions of
Culture Dec. 5, 2016
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Number of moviegoers expected to top 200 mln for fourth year
The number of admissions to local theaters this year is expected to surpass 200 million for the fourth straight year, a market tracker said Monday.According to the Korean Film Council (KOFIC), both domestic and foreign films have attracted more than 199.31 million viewers this year as of Monday morning.The annual figure is sure to hit 200 million given that a daily average of 250,000 go to see movies on weekdays.Korean cinemas have sold 215 million tickets in 2014 and 217.3 million in 2015 after
Industry Dec. 5, 2016
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Floods kill 13 people in central Vietnam
Floods from torrential rains have killed 13 people in central Vietnam, with more rain forecast for the region. Local disaster officials said Monday that floods since late November have killed six people in Binh Dinh province and three in Quang Nam province. The floods have largely receded, they said. The government said in a report that another four died in Quang Ngai. The floods damaged the region's infrastructure, agriculture and livestock, it said.The report says a cold spell from the north i
World News Dec. 5, 2016
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Citing differences, Philippine vice president quits Cabinet
There was no immediate reaction Monday from Philippine President Rodrigo Duterte to the country’s vice president saying she will resign her Cabinet post, citing “major differences in principles and values” with Duterte and an unspecified plot to remove her from the vice presidency.Leni Robredo, a human rights lawyer and respected political newcomer, said in a statement Sunday that she will resign as housing secretary, an appointment made by Duterte, but will stay on in her elected post as vice p
World News Dec. 5, 2016
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Tamil Nadu leader Jayalalitha suffers heart attack
The popular leader of India’s southern Tamil Nadu state was in critical condition Monday morning after suffering a heart attack, the hospital said.Tamil Nadu Chief Minister Jayaram Jayalalitha was being monitored by “a team of experts, including cardiologists, pulmonologist and critical care specialists,” according to a statement from Dr. Subbaiah Viswanathan at Apollo Hospitals in the state capital of Chennai.The 68-year-old actress-turned-politician suffered the heart attack Sunday night after
World News Dec. 5, 2016
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Military vows strong retaliation if provoked by N. Korea
South Korea vowed stern reaction to any North Korean provocation Monday as the country ratcheted up tension amid growing international pressure on its arms programs and deepening political uncertainties in the South and the United States. "We are closely monitoring North Korea's military moves as it might misinterpret political trouble in the South and the power transition period in the US as a good opportunity to provoke," Joint Chiefs of Staff spokesman Jeon Ha-kyu said at a press briefing.The
Defense Dec. 5, 2016
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Corporate loans increase slightly in Q3
Loans extended to local businesses rose slightly in the third quarter from a quarter earlier on increased facility investments, central bank data showed Monday.Corporate loans climbed by 15.7 trillion won ($13.3 billion), or 1.6 percent, in the July-September period to 986.4 trillion won from three months earlier, according to data from the Bank of Korea (BOK).Year-on-year, the third quarter results marked a 5.9 percent gain.By purposes, loans extended for companies' operating expenses were up 1
Dec. 5, 2016
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Tension escalates in ruling party ahead of impeachment vote
South Korea's ruling Saenuri Party appears to be on the verge of a breakup amid growing tension between rival factions over an impeachment vote against President Park Geun-hye, observers said Monday.Park loyalists in the party are seeking to give her a chance to step down voluntarily, while dissenters plan to join the opposition-led impeachment vote Friday. The dissenters' group previously said it is open to her voluntary resignation if she promises this week to resign by the end of April. With
Politics Dec. 5, 2016
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Korean shares trade lower after Italy referendum
South Korean shares ticked down late Monday morning on a risk-off mood following the failure of Italy's referendum on constitutional reform.The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.76 points, or 0.09 percent, to 1,969.85 as of 11:20 a.m.The KOSPI opened lower but it pared some losses as foreigners and institutions turned to net-buyers. Individuals offloaded shares.The global financial market has paid keen attention to political turmoil in Italy. Concern is widespread about
Dec. 5, 2016
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Disposable income of low-income bracket declines in Q3
The disposable monthly income of the lowest-income brackets fell 16 percent in the third quarter from a year earlier due to reduced earnings, official data showed Monday.The disposable monthly income of the lowest 10 percent income group came to 717,000 won ($610) in the July-September period, according to data compiled by Statistics Korea.It marked the biggest decline since 2003 when the statistics office began compiling relevant data.The disposable monthly income of the lowest 10 percent incom
Dec. 5, 2016
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Flooding results in temporary suspension of railway services for residents: report
North Korea has implemented a temporary suspension of railway transportation for its residents in the wake of its worst-ever flooding that has caused havoc in the North's railway system, US-based media reported Monday.Citing a source in the North's Ryanggang Province, Radio Free Asia (RFA) said the Ministry of Railways has taken a measure to halt train services for its residents participating in the 8th Congress of the Union of Agricultural Workers of Korea. The source told the RFA that the use
North Korea Dec. 5, 2016
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FM Yun meets with IAEA head to discuss cooperation against NK nukes
South Korean Foreign Minister Yun Byung-se and the head of an international nuclear agency have discussed cooperation against the nuclear threat from North Korea, his office here said Monday.Yun met with Yukiya Amano, director-general of the International Atomic Energy Agency (IAEA), in Vienna during his visit to preside over a nuclear security meeting that kicks off on Monday (local time) for a two-day run.This marked the third meeting between the two following ones in August and October last y
Defense Dec. 5, 2016
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Korea increases defense budget next year
South Korea has increased its defense budget for next year to better cope with growing threats from North Korea, the defense ministry said Monday.The government set the defense budget at 40.34 trillion won ($34 billion) for 2017, up 4.0 percent from 38.8 trillion won a year earlier, the Ministry of National Defense said in a statement.Of the total, 28.14 trillion won will be spent on operating military forces and facilities, with 12.2 trillion won set aside to bolster combat capabilities, it sai
Defense Dec. 5, 2016
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