President Moon Jae-in again stressed the importance of creating new jobs Friday, calling it a fundamental solution to most serious problems facing the country, including its low birth rate.His remarks came in a meeting involving some 220 top policymakers from the government, including the presidential office Cheong Wa Dae, and political parties, to discuss and set the direction of the new administration's financial strategies for the next five years, according to Cheong Wa Dae.The two-day meetin

Politics July 21, 2017

Mercedes-Benz Korea said Friday it will offer diesel engine software updates for over 110,000 vehicles in South Korea in line with the decision made for some three million cars sold in Europe.The response comes as South Korea's environment ministry said it will start a probe next month to find out if the German carmaker manipulated the exhaust control of its diesel-powered vehicles to fake emissions levels. "Daimler (Group) has decided to provide voluntary service actions for improving nitrogen

Mobility July 21, 2017

The following is the full text of the joint statement from the Republic of Korea, the United States and Japan, following their trilateral summit held in Hamburg on Thursday.  -- Ed. Joint Statement from the United States of America, Republic of Korea, and Japan  July 7, 2017 President Donald J. Trump, President Moon Jae-in, and Prime Minister Shinzo Abe met in Hamburg, Germany, on July 6 to discuss the serious and escalating threat posed by the Democratic People’s Republic of Korea (DPRK) nuclea

Politics July 8, 2017

(AFP) Golden State Warriors superstar Stephen Curry has clinched a new five-year deal worth $201 million, the richest contract in NBA history, ESPN reported on Friday.Curry, who recently helped the Warriors to their second NBA Finals crown in three years, is the first player to break the $200 million barrier, ESPN said, citing the player's agent Jeff Austin.News of the agreement wipes away any uncertainty concerning the future of Curry, who had been on a four-year contract worth a relatively mod

More Sports July 1, 2017

The ruling Democratic Party welcomed the summit between the leaders of South Korea and the United States as paving the way for Seoul to play a leading role in resolving the North Korea problem. The party said in a statement that the first meeting between President Moon Jae-in and US President Donald Trump was more successful than expected and filled the diplomatic void that lasted for more than six months in the wake of former President Park Geun-hye's corruption scandal and subsequent impeachme

Politics July 1, 2017

South Korea's exports extended their winning streak for the eighth month in a row by expanding 13.7 percent last month on recovering global commerce, the trade ministry said Saturday.Outbound shipments came to US$51.4 billion in June, up from $45.2 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy.The latest number marked the second-largest monthly volume since October 2014, when shipments reached $51.6 billion, while it posted double-digit growth for six mo

Economy July 1, 2017

A member of a minor opposition party was arrested Thursday for making false allegations about President Moon Jae-in's son during the election campaign earlier this year. A Seoul court approved the prosecution's request for the arrest warrant for Lee You-mi, a member of the People's Party, on charges of spreading misinformation in violation of the election law. Lee is accused of fabricating a story in the lead up to the May 9 presidential election about an unfair hiring of Moon Joon-yong by a pub

Politics June 29, 2017

Responding to disputes over his son’s nonperformance of military service, Prime Minister nominee Lee Nak-yon on Friday revealed his past petition to prove that he had struggled to have his son fulfill his duty.“I even sent a petition to the Military Manpower Administration so as to have my son serve his military duty,” the prime minister’s office quoted Lee as saying.“I never wanted my son to fail on his sacred military obligation and neither did my son.”Lee also revealed his past petition and t

Politics May 12, 2017