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Aug 25, 2019 Politics

Cheong Wa Dae refutes analysis on widening income inequality

The office of President Moon Jae-in on Sunday refuted analysis of the government's latest data claiming that household income inequality widened during the second quarter, defending the administration's fiscal policy. On Thursday, Statistics Korea announced the average household income for the April-June period, with most media reports analyzing that household income inequality widened to the worst level in more than a decade despite the government's efforts to bridge the

Buddhist activities to be offered at Insa-dong cultural festival

The Cultural Corps of Korean Buddhism, an affiliate of the Jogye Order of Korean Buddhism, is offering a variety of events connected with its Templestay program at this week’s 32nd Insadong International Culture Expo. The annual event takes place Aug. 29 to Sept. 2 on the main street of Insa-dong, central Seoul, where vendors in the area will showcase the traditional appeal of the historic district. During the expo, the Buddhist institution will operate a booth from 1 to 5 p.m. every

Today
Culture
[Graphic News] ICT exports fall for 9th month in July

　South Korean exports of information and communications technology products dropped for the ninth straight month in July on sluggish demand for chips, mobile phones and displays, data showed.　Outbound shipments totaled $14.51 billion last month, down a whopping 21.8 percent from a year ago, according to the data compiled by the Ministry of Science and ICT.　Korea’s ICT exports have been on the decline since November last year, with overseas shipments plunging 22.5 percent in June. (Yonhap)

Aug 25, 2019
Business
Cho Kuk apologizes over daughter, vows not to step down

Embattled Justice Minister nominee Cho Kuk on Sunday apologized over a series of allegations involving his daughter, but expressed determination to undergo a confirmation hearing and help carry out the Moon Jae-in administration’s judicial reforms. His apology comes amid growing calls from the opposition bloc to step down as he faces allegations on matters ranging from a dubious investment in a private equity firm to his daughter’s questionable university admission process. &ldq

Today
Social affairs
Seoul and Tokyo should contain dispute within political sphere

Cultural exchanges must continue despite differences, KOCIS leader says

Today
Foreign Affairs
[Supalak Ganjanakhundee] ASEAN should guarantee safe return of Rohingyas to Myanmar

ASEAN has a lot of work to do for the sake of its own relevancy as Myanmar and Bangladesh make another attempt to repatriate thousands of Muslim Rohingyas to strife-torn Rakhine state while the situation on the ground remains unsafe.The authority in Myanmar’s capital Naypyitaw announced last week that Myanmar would accept 3,450 refugees from the list of 22,000 provided by Bangladesh earlier this month, as the first batch of people to resettle in Myanmar.It is not known publicly how the lis

Today
Viewpoints
[Editorial] Crumbling alliance

Termination of intel-sharing deal causes concerns on diplomatic alienation and security vacuum

Today
Editorial
[David Ignatius] An obvious proviso for readmitting Russia to G-7

As the G-7 gathers this weekend in Biarritz, President Donald Trump has expressed hope for the return of Russia, the missing guest at the table. But any consideration of this issue requires dealing with his least favorite subject -- Russian cyber-meddling in US elections. The stark reality is that the United States is now fighting a low-level cyberwar to combat Kremlin political interference and other malign actions. US Cyber Command launched this “hunt forward” campaign last summer

Today
Viewpoints
[Behind the Wheel] Korando gasoline upgrades style, sophistication

The name Korando, SsangYong Motor’s signature sport utility brand and the oldest such brand in Korea, has represented power, firmness and masculinity for the last 37 years. The all-new Korando that returned to the market early this year after an eight-year hiatus, however, flips the common image of the SUV on its head. It is stylish and sophisticated, yet affordable. The Korando gasoline model, launched six months after the 2.0-liter diesel version, showed no major flaws throughout the med

Today
Automode
S. Korea beats China to finish 3rd at Asian women's volleyball tourney

Host South Korea finished third at the Asian Women's Volleyball Championship on Sunday with a straight-set victory over China. South Korea took care of China 3-0 (25-21, 25-20, 25-22) at Jamsil Arena in Seoul for its second consecutive third-place finish. At the biennial event in 2017, South Korea also prevailed over China to take the third spot.South Korea is a first-time host of the Asian championship, which was inaugurated in 1975. The country has never won the event, with seven runner-up fin

Aug 25, 2019
More sports
Japan must show ‘sincere, consistent contrition’ toward Koreans: US scholar

An op-ed piece on the trade row between Korea and Japan, published Aug. 11 by the Washington Post, has grabbed the spotlight in both nations. Written by Gregg A. Brazinsky, a professor of history and international affairs at George Washington University in the US, the piece blamed the bilateral spat on Japan’s lack of apology for past wrongdoings. Specializing in East Asian history and diplomacy, the scholar is an expert on Korea’s international relations and has written two bo

Today
Foreign Affairs
North Korea boasts test-firing of newly developed ‘super-large multiple rocket launcher’

North Korea on Sunday boasted the successful test-firing of what it called a “newly developed super-large multiple rocket launcher,” a day after it fired two projectiles into the East Sea. Releasing pictures of the new weapon system, the state-run daily Rodong Sinmun said North Korean leader Kim Jong-un highly praised the new system after overseeing the test-firing. “The test-fire proved that all the tactical and technological specifications of the system correctly reached the

Today
North Korea
Does 52-hour workweek rule create more jobs?

A survey on 181 companies in South Korea reveals less job creation growth by companies subject to 52-hour workweek rule

Aug 25, 2019
Defense
BOK likely to freeze base interest rate amid Japan factor, uncertainties

With growing economic uncertainties and ongoing trade tensions with Japan, the South Korean central bank is highly likely to freeze the base interest rate at an upcoming meeting of its Monetary Policy Board, market analysts said Sunday. The Bank of Korea is slated to hold its rate-setting Monetary Policy Board meeting Friday. On July 18 the central bank cut the country’s policy rate to 1.5 percent, citing mounting external uncertainties. It has also lowered its growth outlook for

Today
Finance
Record numbers: BTS hits milestone with 2nd Gold record in US

BTS has added more accolades to its already impressive resume, becoming the first South Korean act to win two Gold certifications in the US market with its “Map of the Soul: Persona” album.Recent data from the Recording Industry Association of America confirmed that the boy band’s sixth EP had received Gold certification as of Aug. 22, a little over four months after its April 12 release. The RIAA grants recognition to albums based on the number of sales: 500,000 or more for Go

Today
Music

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