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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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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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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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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[Newsmaker] Samsung, Hyundai vie for Gangnam site
A bidding war is heating up between the nation’s two top conglomerates Samsung and Hyundai as the two are seeking to secure an 80,000-square-meter site in the affluent district of Gangnam in southern Seoul. According to industry sources on Monday, Hyundai Motor Group has recently expressed its intention to acquire the lucrative property, which is currently owned by Korea Electric Power Corp. The Korean auto giant is said to be hoping to relocate its existing Yangjae headquarters to the site. Thi
IndustryJan. 27, 2014
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[Newsmaker] Can former chip guru save KT?
Time has come for Hwang Chang-gyu to prove his ability to overcome a crisis as he officially takes the helm at KT, Korea’s second largest mobile carrier, Monday.Faced with a lackluster earnings outlook and negative public image due to a corruption scandal concerning Hwang’s predecessor Lee Suk-chae, not to mention an overgrown bureaucracy, Hwang will be expected to roll up his sleeves as soon as he takes office to start fixing the mess with a solid business plan for the future.KT is currently fa
TechnologyJan. 26, 2014
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[Newsmaker] El-Erian’s departure surprises investors
When Mohamed El-Erian first told Bill Gross several weeks ago that he wanted to leave to “recharge the batteries,” the co-founder of Pacific Investment Management Co. was “shocked” and “discouraged.”El-Erian, 55, for years had been putting in long hours as the public face of Pimco next to Gross, appearing in the office as early as 5 a.m., speaking on national television throughout the day, and responding to messages well past regular working hours. Gross, battling record redemptions from his big
World BusinessJan. 23, 2014
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[Newsmaker] Chinese display makers catching up fast
Dominance is shifting in the global display market as Chinese companies are fast emerging to challenge Korea’s giants in advanced technology.Korea’s liquid crystal display panels in terms of global output and shipment saw their market share slide from 48.9 percent in 2010 to 48.8 percent in 2013.The share taken up by the Chinese players, meanwhile, jumped from 4.7 percent to 12.5 percent during the same period, according to DisplaySearch, a global display market researcher.This impact from the C
TechnologyJan. 22, 2014
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[Newsmaker] Korea-Japan tension rises over memorial
Tension is intensifying further in Northeast Asia after Japan protested the launch of new facilities devoted to a Korean independence fighter in China, triggering strong condemnation from Seoul. Tokyo’s Chief Cabinet Secretary Yoshihide Suga on Monday slammed the memorial hall that opened a day before to honor Ahn Jung-geun, who fatally shot Japan’s first Prime Minister Hirobumi Ito in Harbin in 1909 in protest against its colonial rule. Suga said Ahn was a “terrorist sentenced to death” for the
Foreign AffairsJan. 21, 2014
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[Newsmaker] Weak security for Korean credit cards
The country’s credit cards firms are facing their worst crisis on record with people rushing to cancel accounts following yet another massive data leak scandal.Data breaches of various scales have been uncovered recently and banks here have been raising their security measures to protect customers’ data. Yet, this time some of the major credit card firms, such as KB Kookmin Card, Nonghyup and Lotte Card, have fallen victim to data breaches. The prosecutors looking into the case announced that th
Jan. 20, 2014
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[Newsmaker] Honda’s historical justice gains momentum
U.S. lawmaker Mike Honda’s push for historical justice gained greater momentum last week with the passage of a spending bill that included a provision pressuring Japan to apologize for its wartime sexual enslavement of Asian women.Albeit nonbinding, the provision brought fresh international attention to the women whose human dignity was trampled as they were forced to serve at frontline brothels by Japan’s Imperial Army during World War II.President Barack Obama signed the bill for the fiscal ye
PoliticsJan. 19, 2014
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[Newsmaker] Feud rages over local election rules
The political arena is swamped by talk of June 4 local elections, but the political parties continue to bicker over one of its most basic rules. Abolishing party nominations for candidates for provincial governments and councils was central to President Park Geun-hye’s political reform pledge. The system was introduced in 2006 as part of political reform measures. However, it has since been abused leading to numerous cases of corruption and other irregularities. The ruling Saenuri Party, however
PoliticsJan. 16, 2014
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[Newsmaker] Sunshine Policy DP’s bone of contention
The main opposition Democratic Party’s North Korean policy is under the spotlight following party chairman Rep. Kim Han-gil’s mention of a new policy on relations with Pyongyang. On Monday, Kim said that his party would draw up a North Korean policy centered on “national unity,” saying that the issue should no longer divide the nation. The progressive bloc has preferred engaging North Korea, while conservatives have criticized such policies as pandering to the communist state. His comments promp
PoliticsJan. 15, 2014
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[Newsmaker] France’s Hollande hits new bump
PARIS (AP) ― A sex scandal is the last thing France’s president needs.Three-quarters of the French already think Francois Hollande is doing a lousy job of running the world’s No. 5 economy. And now a big policy address Tuesday is sure to be overshadowed by personal troubles so awkward that even the famously blase French can’t ignore them.His first lady, journalist Valerie Trierweiler, is hospitalized because of a tabloid report that Hollande is having an affair with a somewhat recognizable Frenc
World NewsJan. 14, 2014
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[Newsmaker] Yeom to become Korea’s third cardinal
Seoul Archbishop Yeom Soo-jung will be the third Korean to become a cardinal ― the second-most senior position in the Roman Catholic Church after the pope. Yet, he will be the only representative of Korea in the case of a conclave, a convention of cardinals younger than 80 for electing a new pope.Korea’s first cardinal, Stephen Kim Sou-hwan, died in 2009, and its second Cardinal Nicolas Cheong Jin-suk is over 80, the canonical retirement age. “We believe that (Yeom’s appointment) is a blessing f
PeopleJan. 13, 2014
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[Newsmaker] Sharon: Controversial, ruthless ‘Bulldozer’
JERUSALEM (AFP) ― Ariel Sharon, who died on Saturday aged 85, was one of Israel’s most skilled but controversial political and military leaders, whose ruthless methods earned him the moniker “The Bulldozer.”The veteran soldier fought in all of Israel’s major wars before embarking on a turbulent political career in 1973 which ended dramatically in January 2006 when he suffered a massive stroke and subsequent coma, from which he never recovered. Long considered a pariah for his personal but “indir
World NewsJan. 12, 2014
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[Newsmaker] Ideology dominates textbook dispute
The dispute over a local history textbook is turning into an ideological war as lawmakers locked horns over reinstating a government textbook.Lawmakers from the main opposition Democratic Party condemned the ruling Saenuri Party’s proposal to bring back the state textbook system. Saenuri leaders had stressed the need for a single textbook in order to avoid disputes over historical accuracy such as the latest one surrounding the history textbook by Kyohak Publishing Co.“Don’t even think about it,
NationalJan. 9, 2014
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[Newsmaker] Big freeze makes U.S. colder than Mars
As record-low temperatures dogged the northern United States for the past several days, the weather dominated the news stateside, and gained extensive coverage globally.Some electricity generators said they had been forced offline due to the cold, making it difficult for others to cope with the surging demand.Schools closed and flights were halted. Railways and roads suffered blockages and delays due to snow. The media worked to find creative ways to explain how cold it was.Montana’s minus 52 de
InternationalJan. 8, 2014
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[Newsmaker] Heavy agenda awaits Yun in U.S.
Foreign Minister Yun Byung-se is set to confer with key officials in Washington over North Korea and relations with Japan frayed by its premier’s visit to a controversial war shrine. During a three-day stay, he is scheduled for talks with U.S. Secretary of Defense Chuck Hagel on Monday and Secretary of State John Kerry on Tuesday. Yun also plans to meet with other former and incumbent officials from the administration, Congress and think tanks including Madeleine Albright, Colin Powell and Rober
Foreign AffairsJan. 6, 2014
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[Newsmaker] Former mentor Yoon returns to Ahn
Former Environment Minister Yoon Yeo-jun has once again created a stir in the political arena by joining independent Rep. Ahn Cheol-soo’s “new politics” movement. In 2012, Yoon sent ripples across the conservative bloc when he joined the presidential campaign of the Democratic Party’s Rep. Moon Jae-in. The move, unexpected because of his long-running conservative ties, earned him strong criticism including being branded a “political prostitute” from disgraced former Cheong Wa Dae spokesman Yoon
PoliticsJan. 5, 2014
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[Newsmaker] Businesses brace for New Year challenges
Chairmen of Korea’s top conglomerates started off the year on Thursday by urging executives and employees to brace for crisis. Samsung Group chairman Lee Kun-hee emphasized that the business behemoth should keep trying to shed old things in running business in order to embrace a new global management system. “To be a leader in an environment that lacks certainty and visibility, we must go beyond the boundaries of current markets and technologies,” Lee said at an opening event for the New Year he
BusinessJan. 2, 2014
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[Newsmaker] New video rebuts Japan’s Dokdo claim
Korea unveiled a new promotional video on Dokdo on Wednesday, countering Tokyo’s increasing territorial assertions and lambasting Japanese politicians’ visits to a controversial war shrine. The 260-second clip was released at midnight on YouTube and the Foreign Ministry’s website (dokdo.mofa.go.kr). It was an update to a previous piece that was uploaded in late October but taken down shortly due to its unauthorized use of clips from Japanese broadcaster NHK.The latest version is much shorter tha
Foreign AffairsJan. 1, 2014
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[Newsmaker] Park begins second year with old problems
President Park Geun-hye enters her second year in office with a mass of tricky domestic issues unresolved and increasingly volatile dynamics in Northeast Asia. Disputes over the National Intelligence Service’s alleged election meddling still haunt her government despite the political parties spending much of 2013 on the matter at the cost of state affairs being delayed. With key elections slated for June and July, political wrangling is expected to further escalate in the New Year hampering her
PoliticsDec. 30, 2013
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[Newsmaker] Abe’s gamble falters under criticism
Japanese leader Shinzo Abe is struggling to contain a backlash over his recent visit to a controversial war shrine that has sparked a barrage of criticism even from domestic supporters and international allies, notably the U.S.The prime minister’s visit on Thursday to the Yasukuni Shrine in Tokyo honoring war criminals has further aggravated diplomatic tension with South Korea and China, two major victims of Japan’s past militarism, and frustrated peace advocates in the island country.The visit
Foreign AffairsDec. 29, 2013