Articles by 임정요
임정요
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Queen Elizabeth cherishes memory of traditional Korean birthday party: envoy
Queen Elizabeth II has said she cherishes the memory of a traditional Korean birthday party that was thrown for her during her visit to South Korea in 1999, South Korea's top envoy in London said Thursday.South Korean Ambassador to Britain Hwang Joon-kook said the queen made the remark when he presented his credentials to her at Buckingham Palace the previous day.During the queen's tour of the Hahoe Village in the city of Andong, southeastern South Korea, villagers prepared a party with a tradit
Culture June 3, 2016
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Korea's commercial vehicle exports plunge, halving trade surplus
South Korea's exports of commercial vehicles shrank significantly from a year earlier while imports surged to record levels in the first four months of the year, more than halving the country's trade surplus in the sector, industry data showed Friday.In the January-April period, the country's outbound shipments of commercial vehicles, such as trucks, came to 37,782 units, down 27.3 percent from 51,958 units over the same period last year, according to the data from the Korea Automobile Manufactu
Mobility June 3, 2016
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Zika virus isolated from Korean patient's semen
A South Korean research team said Friday it has isolated a live Zika virus from a local patient's semen, showing the possibility of sexual transmission.The 43-year-old man developed such symptoms as fever, chill and eye pain about a week after returning from Brazil in March where he was bitten by a mosquito.He is the first case of a Zika virus infection in South Korea imported from the South American nation.The team - led by Oh Myoung-don, professor of internal medicine at Seoul National Univers
Social Affairs June 3, 2016
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Korean retail investors lose big on stocks
South Korean retail investors have suffered big losses from their stock investments this year, while institutions and foreigners have performed relatively well, industry data showed Friday.Retail investors posted an average investment return of minus 12.83 percent on their top 10 net-buy issues between Jan. 1 and Wednesday, compared with the 1.09 percent return rate for the benchmark Korea Composite Stock Price Index over the cited period, according to the data.Analysts said retail investors see
June 3, 2016
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Korea to double investment in clean energy by 2021
South Korea will spend more than 1 trillion won ($841 million) by 2021 on research and development of clean energy as part of international efforts to reduce greenhouse gas emissions and fight climate change, the government said Friday.It will mark twice the amount earmarked for clean energy research and development this year, according to the Ministry of Trade, Industry and Energy.The plan was announced at the inaugural ministerial meeting of Mission Innovation in San Francisco, where South Kor
Industry June 3, 2016
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Korean senior employment rate near top of OECD rankings
The employment rate for South Korean senior citizens ranks near the top of global rankings as more have to work after retirement due to an inadequate pension system and a lack of preparation for old age, a report showed Friday.The employment-to-population ratio for South Koreans aged 65 and older came to 31.3 percent in 2014, the second highest among members of the Organization for Economic Cooperation and Development, showed the report by the Paris-based club of rich economies.South Korea's fig
June 3, 2016
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Hyundai Heavy bags order for 2 LNG carriers
Hyundai Heavy Industries Co., an embattled shipbuilder, has clinched a deal estimated at $400 million, to build two liquefied natural gas carriers, industry sources said Friday.According to the sources, Hyundai Heavy has won the order from SK E&S Co., a local LNG importer, to build the two vessels, which can each carry 180,000 cubic meters of LNG.The vessels will be delivered starting in the first half of 2019, the sources said.Hyundai Heavy and other local rivals, such as Samsung Heavy Industri
Industry June 3, 2016
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Samsung Heavy considers stock sale, sister firms' participation in focus
Samsung Heavy Industries Co., a shipbuilding unit of the country's top conglomerate Samsung, has included a stock sale in its latest self-restructuring program, spawning speculation that its affiliates, including Samsung Electronics Co., may join forces to salvage the embattled shipyard, industry sources said Friday.According to the sources, Samsung Heavy's self-rescue plan to raise 1.5 trillion won ($1.26 billion), provisionally approved by its creditors, includes asset sales and a cut in the w
Industry June 3, 2016
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Korea, U.S. have no plan to discuss THAAD at defense chiefs' meeting: Seoul
South Korea's defense ministry on Friday said the issue of deploying a U.S. advanced missile defense system on South Korean soil will not be discussed at the upcoming meeting of the two countries' defense chiefs."The two countries are in consultation over the deployment of the Terminal High-Altitude Area Defense battery on South Korean soil. After the consultation is over, the results will come out," the ministry said in a statement.Seoul's reaction came as U.S. Defense Secretary Ash Carter said
Defense June 3, 2016
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Korea's foreign exchange reserves shrink in May
South Korea's foreign exchange reserves fell slightly from a month earlier in May due partly to a cut in the value of non U.S. dollar assets, central bank data showed Friday.As of the end of May, the country's foreign exchange reserves came to US$370.9 billion, down $1.58 billion from the previous month, according to the Bank of Korea.Foreign exchange reserves consist of securities and deposits denominated in overseas currencies, as well as International Monetary Fund reserve positions, special
June 3, 2016
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Clinton underscores 'power of allies,' warns of dangers of Trump
Democratic presidential candidate Hillary Clinton said Thursday the United States is stronger and safer thanks to the "power of allies," warning that her Republican rival, Donald Trump, would significantly weaken the relationships.In a foreign policy speech, Clinton cited as an example how the U.S., South Korea and Japan worked together to cope with threats from North Korea, a country she called "the most repressive regime on the planet run by a sadistic dictator who wants to develop long-range
International June 3, 2016
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U.S. leaves out N. Korea from terrorism sponsors list
The United States left out North Korea from its latest list of states sponsoring terrorism Thursday, despite persistent calls for putting Pyongyang back on the list.The State Department's Country Reports on Terrorism 2015 said the North "is not known to have sponsored any terrorist acts since the bombing of a Korean Airlines flight in 1987."The North was put on the list in 1988 for the airliner bombing that killed all 115 people aboard, but the designation was rescinded in 2008 in exchange for p
North Korea June 3, 2016
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Park vows to boost startups by young people from Korea, France
South Korean President Park Geun-hye pledged Thursday to further facilitate startups by young people from South Korea and France as Seoul seeks to expand trade and investments with the European country.She said the two countries are set to sign a cooperation deal on creative economy following her summit with French counterpart Francois Hollande on Friday. President Park Geun-hye arrives in Paris Orly airport on June 1 (Yonhap)Park has been pushing for a creative economy by viewing it as the only
June 3, 2016
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China opposes unilateral sanctions as U.S. designates N. Korea money launderer
China said Thursday it opposes unilateral sanctions by a certain country against North Korea, reacting coolly to a U.S. decision that designated North Korea as a "primary money laundering concern" with the aim of blocking the North's access to the global financial system. The designation by the U.S. Treasury Department came as part of the North Korea Sanctions and Policy Enhancement Act enacted in February to punish Pyongyang for conducting its fourth nuclear test in January and a long-range roc
North Korea June 2, 2016
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Korea to support 53 foreign languages critical for national growth
The South Korean government on Thursday said it will designate a total of 53 special languages which it said are strategically important for sustainable national growth.The education ministry issued a preannouncement of legislation implementing the ordinance of the special foreign language education promotion law. This, it said, will help the country train people fluent in many languages that have growth potential. Better fluency in a language can help local companies enter new markets and fuel
Social Affairs June 2, 2016
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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