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Oct 18, 2019 World News

World's 1st female spacewalking team makes history

The world's first female spacewalking team is making history high above Earth. NASA astronauts Christina Koch and Jessica Meir exited the International Space Station on Friday, the first time in a half-century of spacewalking that a woman floated out without a male crewmate. Their job is to fix a broken part of the station's solar power network. America's first female spacewalker from 35 years ago, Kathy Sullivan, is delighted. She says it's good to finally have enough women in the astronau

Protesters detained for breaking into U.S. ambassador's residence

The government requested Friday that law enforcement authorities beef up security around the US Embassy and the residence of the top American diplomat in Seoul after nearly 20 university students trespassed in his residence.Earlier in the day, 17 students and members of a progressive civic group broke into the residence of US Ambassador Harry Harris in central Seoul by climbing over its wall using a ladder. They staged a surprise protest criticizing Washington's demand for a hefty rise in S

Oct 18, 2019
Social affairs
Samsung to update software to prevent security flaw in Galaxy S10, Note 10

Samsung Electronics announced late Friday that the tech giant will update its software due to potential security breaches in flagship smartphone models Galaxy S10, S10 Plus, S10 5G and Note 10 next week. The announcement was made in response to recent reports of a case in the United Kingdom in which a user claimed that when her Galaxy S10 screen was covered with a silicon protective case, the device was unlocked with someone else’s fingerprint. The issue involved ultrasonic fing

Oct 18, 2019
Technology
S. Korea, US to hold defense cost talks in Hawaii next week

South Korea and the United States plan to hold a new round of negotiations on sharing the cost of the upkeep for the 28,500-strong US Forces Korea in Hawaii next week, Seoul's foreign ministry said Friday.Seoul's top negotiator, Jeong Eun-bo, and his US counterpart, James Dehart, will meet in Honolulu on Wednesday and Thursday. The last round of talks took place in Seoul last month. "Based on the stance that our government will shoulder the fair share of defense costs at a reasonable l

Oct 18, 2019
Defense
Woori Financial signs MOU with SAP for digitalization of financial services

Woori Financial Group said Friday it has signed a memorandum of understanding with Germany-based business-software giant SAP to boost the digital transformation of its corporate financial services. The deal was signed by Woori Financial Group Chairman Sohn Tae-seung and SAP CEO Jennifer Morgan at the SAP Executive Briefing Center in New York on Thursday, local time. The value of the deal was not released. Though the newly formed partnership, both sides will cooperate in establishing an int

Oct 18, 2019
Finance
SK’s bio biz put to test as it waits for FDA approval for antiepileptic drug

The US Food and Drug Administration is likely to make a final decision in November on approval for Cenobamate, an investigational antiepileptic drug developed by SK Biopharmaceuticals.The company is the pharmaceuticals development business under SK Holdings. The firm has been researching for new treatments for diseases related to central nervous system since 1993. Since 2011, when SK Biopharmaceuticals was spun off to become a separate entity, the company has used roughly 480 billion w

Oct 18, 2019
Industry
Korean pharmas eye China

Korean pharma and biopharma companies are considering the inevitable: the advance to the Chinese market. According to Korea Health Industry Development Institute, Friday, China was the second biggest market for pharmaceuticals after the US in 2018.The Chinese pharma market was set at $142.7 billion, still a far cry from the US at $361.5 billion. Japan trailed in third place at $108 billion and Germany at $71.7 billion. Korea ranked No. 13 worldwide at $17.4 billion. Yuhan Corp., one of Kor

Oct 18, 2019
Industry
S. Korea asks regional football body to consider punishing N. Korea over crowdless World Cup qualifier

South Korea's national football federation said Friday it has asked the sport's continental governing body to consider penalizing North Korea for hosting a recent World Cup qualifier behind closed doors.The Korea Football Association said it sent a letter to the Asian Football Confederation on Thursday, expressing its regrets over North Korea's lack of cooperation in staging the inter-Korean World Cup qualifier in Pyongyang on Tuesday.North Korea shunned South Korea's repeated inquiries regardin

Oct 18, 2019
North Korea
North Korean leader visits farm, calls for stable food supply

North Korea leader Kim Jong-un visited a greenhouse farm, stressing the need to actively introduce advanced cultivation technique to improve food supply, according to the North’s state media Korean Central News Agency. It said Kim gave field guidance to the Jungphyong Vegetable Greenhouse Farm and Tree Nursery under construction in Kyongsong County.“It is essential to meticulously operate and manage the farm so as to show our success in the production the vitality of a highly intensi

Oct 18, 2019
North Korea
US to consider S. Korea’s stance on looming auto tariffs: Mnuchin

As US President Donald Trump mulls a list of countries to impose auto tariffs on, US Treasury Secretary Steven Mnuchin said Washington will take South Korea’s stance on the matter into account, Korea’s Ministry of Economy and Finance said Friday. According to the ministry, Deputy Prime Minister and Finance Minister Hong Nam-ki requested the US Treasury support the exemption of South Korea from auto import tariffs on cars that the Trump administration deems a threat to national securi

Oct 18, 2019
Economy
[Newsmaker] Trial begins for ex-justice minister's wife

Court proceedings for recently resigned Justice Minister Cho Kuk’s family began Friday. The trial preparation hearing for Cho’s wife, Chung Kyung-shim, 57, was held at the Seoul Central District Court at 11 a.m.The pretrial hearing is intended to allow defendants to clarify their positions on the charges pressed against them. As defendants are not obliged to attend, Chung did not appear. Chung, a professor at a private university, was indicted on Sept. 6 over charges of fabricat

Oct 18, 2019
Politics
Prosecution was independent under ex-President Lee: chief prosecutor

At a parliamentary audit Thursday, Prosecutor General Yoon Seok-youl said the prosecution was independent during former President Lee Myung-bak’s administration. Asked by the Legislation and Judiciary Committee to pick the government’s -- of Moon Jae-in, Park Geun-hye and Lee -- that most favored an independent prosecution, Yoon singled out Lee’s term.“When Lee was president, I served as director at the prosecution’s special investigation unit,” he said.

Oct 18, 2019
Politics
Samsung launches new foundry forum in Silicon Valley

Samsung Electronics said Friday it has launched a new forum in Silicon Valley as part of the efforts to enhance competitiveness of its foundry business. Named as Samsung Advanced Foundry Ecosystem, or SAFE, the forum has been designed to provide an opportunity for Samsung’s partner companies to directly meet with customers and discuss comprehensive design technology infrastructure -- including electronic design automation, intellectual property, cloud, design service, and packaging -- whic

Oct 18, 2019
Technology
NSC reviews strategy on defense cost talks with US

South Korea's National Security Council on Friday reviewed issues related to defense cost-sharing talks with the United States, Cheong Wa Dae said.Seoul and Washington are expected to hold another round of Special Measures Agreement negotiations in Hawaii next week.It would be the first bargaining session since the Moon Jae-in administration appointed Jeong Eun-bo, a veteran finance official, as its new top negotiator. The US is calling for a sharp increase in Seoul's contribution to the presenc

Oct 18, 2019
Defense
President Moon to send letter to Abe via PM

President Moon Jae-in is expected to send a letter to Japanese Prime Minister Shinzo Abe through Prime Minister Lee Nak-yon as part of efforts to improve bilateral relations that have plummeted over wartime history and trade restrictions.Lee will be making a three-day trip to Tokyo from Oct. 22 to attend Japanese Emperor Naruhito’s enthronement ceremony. He is likely to hold talks with Abe on Oct. 24, according to Japanese news reports citing government sources. The prime minister said in

Oct 18, 2019
Foreign Affairs

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