Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Newsmaker] New dad Zuckerberg vows to give away Facebook fortune
SAN FRANCISCO (AFP) ― Facebook cofounder Mark Zuckerberg announced Tuesday he is a dad and pledged to give away his fortune to make the world a “better place” for baby daughter Maxima and others.In a letter to Maxima posted on his Facebook page, Zuckerberg and wife Priscilla Chan said they were going to give away 99 percent of their company shares ― estimated value $45 billion ― during their lives in an effort to make a happy and healthy world. Max Chan Zuckerberg is held by her parents, Mark Z
World NewsDec. 2, 2015
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[Newsmaker] Samsung eyes stability in reshuffle
Samsung Electronics on Tuesday named Koh Dong-jin, executive vice president in charge of mobile R&D, as the new mastermind of the company’s flagship mobile business division amid its recent struggle for profitability. A surprise appointment, the 54-year-old engineer’s replacement of the current mobile chief Shin Jong-kyun, 60, hinted at a generational shift in the Korean tech giant’s top brass. “Shin will focus more on long-term strategy and foster new growth businesses,” the company said in a
TechnologyDec. 1, 2015
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[Newsmaker] Kakao, KT pin hopes on Internet-only banks
Expectations are reaching new heights for Korea’s first online-only banks, or direct banks, to spark enormous changes not only in the country’s 120-year-old financial sector but also in other industries including information technology and retail.The financial authorities have given preliminary approval to two consortiums ― Kakao Bank and K-Bank, led by mobile messenger creator Kakao and mobile carrier KT, respectively ― to set up the banks with no brick-and-mortar branches. They will be the fir
TechnologyNov. 30, 2015
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[NEWSMAKER] What’s next for late Kim’s ill-fated son?
Kim Hyun-chul, the second son of the late President Kim Young-sam, had a powerful nickname when his father was in office -- “little president.” The junior Kim was said to have been one of the late president’s aides who stood beside him during his years of democratic struggle. After Kim Young-sam entered Cheong Wa Dae, however, Kim Hyun-chul started to peddle influence in various state affairs involving major conglomerates who wanted to reach out to the president. In 1997, as his father’s presi
PoliticsNov. 29, 2015
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[Newsmaker] Justice minister warns against protests
The government Friday heaped pressure on labor unions preparing for another massive antigovernment rally next month, warning that it will sternly clamp down on illegal protests at any cost. “Illegal and violent protests are serious and clear challenges to the country’s rule of law and to the public who love peace. Those who ignore the law and deride the government’s power will rightly pay the cost in the name of the public,” said Justice Minister Kim Hyun-woong in a press briefing. Justice Minis
Social AffairsNov. 27, 2015
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[NEWSMAKER] Russia & Turkey: Historic foes facing future
ISTANBUL, (AFP) -- Turkey's downing of a Russian war plane on the Syrian border risks inflicting significant damage on relations between Moscow and Ankara, even if they both have an interest in avoiding a permanent rupture.Modern Turkey and Russia are the successor states of empires that fought over three centuries of war from the late 16th century for the Black Sea and Caucasus but in recent years forged a sometimes uneasy but pragmatic alliance.Energy-poor Turkey relies on Russia for over half
Social AffairsNov. 26, 2015
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[Newsmaker] Bezos’ firm claims rocket breakthrough
Jeff Bezos. BloombergThe private space firm founded by Internet entrepreneur Jeff Bezos claimed a breakthrough for its space travel efforts Tuesday with the launch of a reusable rocket.Bezos announced the milestone with his first Twitter message following the launch and return of the rocket by his firm, Blue Origin.“The rarest of beasts ― a used rocket. Controlled landing not easy, but done right, can look easy. Check out video,” said the tweet, with a link to a YouTube video.The unmanned New Sh
World BusinessNov. 25, 2015
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[Newsmaker] Bright future on LPGA Tour
NAPLES, Florida (AP) -- Lydia Ko had just been handed a $1 million bonus for the second consecutive year, and the first thing she thought about buying with those newfound additional riches was a new phone.She’s had a bunch. She keeps dropping them.“My mom doesn’t like it,” Ko said. “Phones are expensive.”It’s moments like those that serve as the reminder that the New Zealander is only 18. The way she plays, no one believes she’s just a teenager. The LPGA’s rookie of the year from 2014 was the LP
More SportsNov. 24, 2015
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[Newsmaker] Macri vows new era as Argentine president
Argentina’s conservative president-elect Mauricio Macri promised a “marvelous” new era was starting for the country after he won a runoff election on Sunday.The former football executive, favored candidate of big businesses and foreign investors, is expected to be Argentina’s most economically liberal leader since the 1990s.“This is a historic day, a change of era which is going to be marvelous,” a beaming Macri told cheering supporters after his leftist rival Daniel Scioli conceded defeat.“We c
World NewsNov. 23, 2015
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[Newsmaker] Korean team wins Premier 12 baseball title
South Korea became the inaugural champion of the Premier 12 baseball tournament in Tokyo on Saturday.With its offense clicking from the start, South Korea pounded the U.S. 8-0 in the final at Tokyo Dome to take the championship. A would-be major leaguer Park Byung-ho blasted a three-run home run in the five-run fourth inning, and starter Kim Kwang-hyun threw five shutout innings for the breezy victory.South Korea opened the scoring in the top first. Leadoff Jeong Keun-woo hit a single to start t
More SportsNov. 22, 2015
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[Newsmaker] Hyundai to commemorate 100th anniversary of founder
Hyundai Motor Group and other Hyundai family companies kicked off a weeklong commemoration of the 100th birth anniversary of its founder Chung Ju-yung at the Seoul Arts Center on Wednesday night, with a performance of the world-famous orchestra Staatskapelle Dresden on Beethoven’s second and third symphonies, better known in Korea as “Hero Symphonies.” The family members of the Hyundai empire, who attended the first memorial event, included Hyundai Heavy Industries owner Chung Mong-joon, the six
IndustryNov. 19, 2015
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[Newsmaker] Hyundai gears up to push Genesis in U.S.
The Genesis G90, introduced as EQ900 in Korea (Hyundai Motor) FOUNTAIN VALLEY, California -- For quite a long time, Hyundai cars have been perceived as decently-priced high-quality vehicles in the U.S. But many things are about to change now as the company is gearing up to launch its premium brand Genesis in the world’s largest upscale automobile market. "We will present the first flagship sedan Genesis G90 (to be released as EQ900 in Korea) at the Detroit Motor Show in January. The market is qu
MobilityNov. 18, 2015
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[Newsmaker] Belgian probed as Paris attacks mastermind
A leading Belgian jihadist in Syria who has boasted in videos about planning attacks in Europe and evaded police in his home country is being investigated as a possible mastermind of the Paris attacks, a French source said Monday.Abdelhamid Abaaoud (AP-Yonhap)Abdelhamid Abaaoud, a 28-year-old Belgian of Moroccan descent, has fought along the Islamic State group in Syria and has been on the run since police stormed a jihadist cell in eastern Belgium’s Verviers in January.Investigators now see a l
World NewsNov. 17, 2015
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[Newsmaker] Yuan’s rise means greater stability
With China’s yuan taking the biggest step yet toward joining the dollar and euro as a top-rank reserve currency, the global economy may be approaching an era of greater stability.So say economists who highlight the dollar’s role in the biggest financial crises in recent decades. Drawn to the liquidity and security of the unit of the world’s biggest economy, investors and governments relied on the dollar and produced dislocations including historically low borrowing costs in the 2000s even as the
World BusinessNov. 16, 2015
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[Newsmaker] Deadly Paris attacks reveal next stage of IS: experts
The Islamic State group’s ability to carry out the deadly Paris attacks that it has claimed reveals the growing sophistication and reach of the global jihadist network, analysts said Saturday.People lie on the pavement at the tarrasse of the Cafe Bonne Biere in Paris, on Friday. (AFP) At least 128 people were killed in gun and bomb attacks in the French capital Friday, in what President Francois Hollande called “an act of war.”IS’ online claim of responsibility boasted that “eight brothers weari
World NewsNov. 15, 2015
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[Newsmaker] N.K. leader’s key aide said to be sent to re-education
North Korean leader Kim Jong-un has sent his key confidant to the country’s top school for reeducation, South Korea’s intelligence officials said Thursday, in an apparent lenient punishment that could set the stage of his political comeback in the coming months, if not years.“Choe Ryong-hae is receiving education at Kim Il Sung Higher Party School,” an official said, referring to the top institution named after the country’s founder, Kim’s late grandfather.Choe Ryong-hae, a secretary of the Work
North KoreaNov. 13, 2015
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[Newsmaker] Architect of realpolitik, Europe integration
Helmut Schmidt, the chancellor who guided West Germany through economic turbulence and Cold War tensions, died Tuesday. He was 96.German weekly Die Zeit, of which Schmidt was a copublisher, confirmed in a statement that he died at his house in Hamburg. Schmidt’s office confirmed the former chancellor’s death to NBC News.Former German Chancellor Helmut Schmidt smokes a cigarette as he takes part in a debate at the Foreign Ministry in Berlin. AFP-YonhapSchmidt, a center-left Social Democrat, led W
World NewsNov. 11, 2015
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[Newsmaker] Myanmar vote gives hopes of ending sanctions
The United States on Monday welcomed Myanmar's election as a victory for the people, and the vote appeared to raise prospects of a further lifting of U.S. sanctions - provided the military accepts the results.While highlighting encouraging signs from Sunday's poll, Washington remained cautious and said it would watch for the democratic process to move forward before lifting more sanctions, which still target more than 100 individuals and businesses and limit U.S. investment in Myanmar.The ruling
World NewsNov. 10, 2015
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[Newsmaker] Shipping merger rumors resurface
Market rumors are rampant that the government is seeking to force the merger of Korea’s two largest shipping companies as part of its push for corporate restructuring to overcome the deteriorating market conditions.Container ships sit under construction at the Hanjin Heavy Industry shipyard in Busan. (Bloomberg)A local news agency reported Monday that the government will officially discuss a possible merger of the country’s No. 1 shipping line Hanjin Shipping and its rival Hyundai Merchant Marin
IndustryNov. 9, 2015