Articles by 임정요
임정요
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N. Korea suspected of hacking S. Korean cybersecurity firm
A North Korean hacking group is suspected of launching cyberattacks against a South Korean cybersecurity service firm amid heightened tensions on the Korean Peninsula, state prosecutors said Tuesday.The Seoul Central District Prosecutors' Office said the group allegedly first hacked into the company, whose identity was withheld, in November and acquired its authentication certificate in the following months.The hacking group then infected a local academic institute website with programs carrying
North Korea May 31, 2016
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Comfort women foundation to focus on healing scars, recovering dignity: committee chief
Head of the newly-launched preparation committee for a foundation to be tasked with helping former comfort women said Tuesday that her focus will be placed on healing their scars and helping them recover their dignity.Kim Tae-hyun, an honorary professor at Sungshin Women's University, added that she and other members of the committee will be all ears to what they really want, believing that genuine communication starts with listening to what people want to say. "I feel a heavy burden from taking
Social Affairs May 31, 2016
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Rise in corporate loans accelerates in Q1
The rise in loans extended to South Korea's local companies quickened its pace from three months earlier in the first quarter, central bank data showed Tuesday.However, the increase in corporate loans for facilities slowed over the cited period, apparently reflecting sluggish investment by local firms.Loans extended to local companies by banks and non-bank financial institutions here came to 959 trillion won ($806.2 billion) as of end-March, up 15.7 trillion won or 1.7 percent from the previous
May 31, 2016
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N. Korea's vice party chairman Ri Su-yong visits China with large entourage
Career diplomat Ri Su-yong, one of North Korea's highest-ranking officials, arrived in Beijing on Tuesday in a surprise visit to China that appears to signal the North's attempt to mend soured ties between the allies.A number of North Korean delegates led by Ri, vice chairman of the North Korean ruling party's Central Committee and the director of the party's International Department, arrived at the Beijing Capital International Airport amid tight security.Shortly after arriving at the airport,
North Korea May 31, 2016
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Hyundai Steel to raise price of hot-rolled sheets
Hyundai Steel Co., South Korea's second-biggest steelmaker, said Tuesday it will raise the price of hot-rolled sheets starting from next month as China is set to tackle oversupply in its steel industry.The affiliate of Hyundai Motor Group said it will increase the price of hot-rolled sheets by 50,000-70,000 won ($42-58.70) per ton next month, which comes after a 30,000-won hike in April. The price of hot-rolled sheets was 650,000 won per ton last week, and had stayed in the same range for three
Industry May 31, 2016
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More S. Koreans using SNS platforms BAND, Instagram
More South Koreans are using Naver Corp.'s group-interaction service BAND and Instagram, although Facebook is still the most popular social networking service platform in the country, a survey showed Tuesday, signaling a shift in the local SNS landscape.According to the survey conducted by Digieco, an economic research institute run by mobile carrier KT Corp., and advertising agency Nas Media Corp., 73.8 percent of some 2,000 respondents in all age brackets used Facebook in 2016, slightly down f
Technology May 31, 2016
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Korea, UAE agree on joint study on desalination plant development
South Korea and the United Arab Emirates have reached an agreement to carry out a joint study on developing desalination plants for the Middle Eastern country, the finance ministry here said Tuesday.In an economic cooperative meeting, South Korea's Finance Minister Yoo Il-ho and his UAE counterpart Sultan bin Saeed Al Mansouri signed a joint development agreement to carry out collaborative studies on researching energy-saving desalination plants and installing pilot models.They also agreed to se
May 31, 2016
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Doosan Heavy bags desalination plant order from Kuwait
Doosan Heavy Industries & Construction Co., South Korea's top power equipment maker, said Tuesday that it has won a 460 billion won ($86 million) deal to build a desalination plant in Kuwait.Under the deal with the Ministry of Electricity & Water, Doosan Heavy will construct the desalination plant by November 2018, and do operating and maintenance work until November 2023, the company said in a statement.The facility will process 270,000 tons of sea water into fresh water a day, which could be c
Industry May 31, 2016
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Political parties vow to roll out safety measures following subway worker's death
South Korea's ruling and opposition parties on Tuesday vowed to roll out safety measures for subway workers, adding they will make efforts to conduct a thorough probe and come up with effective preventive measures.On Saturday, a 19-year-old maintenance worker surnamed Kim died while on duty when he was hit by a subway train in Seoul. Police cited the negligence of the subway operator as the main cause of the accident.The incident drew backlash from the public on the working environment for emplo
Social Affairs May 31, 2016
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Bondholders pressed to approve Hyundai Merchant's debt recast plan
Bondholders of Hyundai Merchant Marine Co. will gather to decide whether to approve a debt recast offer by the financially shaky shipper amid growing pressure from its creditors to join a move to salvage the country's No. 2 shipping line, industry sources said Tuesday.During a two-day meeting that runs through Wednesday, Hyundai Merchant will propose a plan to bondholders that more than half of their debt, totaling some 800 billion won ($672 million), will be swapped for the shipper's stocks and
May 31, 2016
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N. Korea's 4th Musudan missile launch ends in failure
North Korea launched a Musudan intermediate-range ballistic missile early Tuesday morning, but the launch ended in failure, South Korea's Joint Chiefs of Staff and military sources said. "North Korea attempted to launch an unidentified missile from Wonsan, Gangwon Province, at around 5:20 a.m., but it is presumed to have been unsuccessful," the JCS said in a brief text message.The military is studying the details of the launch and is maintaining a high level of combat preparedness, the JCS said.
North Korea May 31, 2016
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Snack bread turns into local best-seller after succeeding in France
"Kopan," a dessert-snack bread from South Korea's leading confectionery Paris Baguette, has won over local consumers after earning popularity first in France, hitting 10 million in sales in nine months, the company said Tuesday.Short for Korean pan, Kopan was served as a dessert at the Korea-France summit dinner in Paris in November last year. Because its pronunciation is similar to copain, meaning friend in French, it has been mentioned as being symbolic of the amicable relations between the tw
Industry May 31, 2016
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Saenuri floor leader calls for end to party factionism
Chung Jin-suk, the floor leader of the ruling Saenuri Party, on Tuesday said every effort must be made to eradicate tensions among different factions, adding senior members must join forces to get the party back on its feet after its defeat in last month's poll."All members should join forces to do away with factional infighting. Key officials of each faction must set an example," Chung said. The remark apparently refers to Kim Moo-sung, the party's former chairman, and Choi Kyung-hwan, the coun
Politics May 31, 2016
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Court orders Samsung C&T to increase stock purchase price
An appeals court ordered Samsung C&T Corp., the fashion and trading arm of South Korea's top conglomerate, to increase the stock purchase price proposed to shareholders who were opposed to the company's merger last year, court records showed Tuesday.Last year, Samsung C&T was formed out of a merger between then Samsung C&T and then-Cheil Industries to become the group's de facto holding firm. The merger was part of the group's efforts to streamline its structure through big shakeups of its affil
May 31, 2016
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Korean children start English education before turning five
South Korean mothers have their children start learning English before they turn five on average, an age some admit is probably too early, a survey showed Tuesday.Yoon's English School, a company that runs a chain of English language schools across the country, asked 466 members of an online mothers' community between May 25-29 and found that their children started learning English at an average age of 4.8. The survey said24.9 percent started at age 6, 21.7 percent at age 5 and 14.8 percent at a
Social Affairs May 31, 2016
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