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] KT CEO becomes yet another political target
KT Corp. has long been cut from the strings of the government apron, but it seems the fate of its chief executives remains in the hands of the administration. KT chairman Lee Seok-chae has been plagued with rumors of his imminent departure from the moment President Park Geun-hye took office.The allegations about his mismanagement aside, the biggest strike against Lee is that he started his term under former president Lee Myung-bak. “We thought the chairman would be able to carry out his term, bu
IndustryOct. 23, 2013
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[Newsmaker] Juncker, Europe’s longest-serving PM
Luxembourg’s embattled prime minister would likely not appreciate the comparison, but Jean-Claude Juncker shares something in common with Belarusian President Alexander Lukashenko, a man derided in the West as “Europe’s last dictator.” It might be unfair to describe the enduring Luxembourger as authoritarian, but now he certainly vies with the Belarusian strongman for Europe’s longest-lasting leader in power today. Though the party of Luxembourg’s prime minister emerged somewhat diminished from
PoliticsOct. 21, 2013
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[Newsmaker] Ousted prosecutor adds fuel to NIS row
Yoon Seok-yeol, a senior prosecutor who was leading an investigation into the spy agency’s alleged election interference last year, is in the political limelight after being ousted from the special probe team last week.His dismissal has sparked a backlash from the main opposition Democratic Party, which claims the government attempted to meddle in the high-profile probe.The probe team has looked into the allegations that former National Intelligence Service chief Won Sei-hoon directed his operat
PoliticsOct. 20, 2013
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[Newsmaker] Daesung chief chairs global energy body
Daesung Group chairman Younghoon David Kim, 61, made an international debut as leader of the World Energy Council, the world’s largest independent network of global energy leaders and practitioners.Kim was chosen as a co-chair of the WEC last December and took office on the last day of the World Energy Congress in Daegu that closed Thursday.It is the first time for a Korean to take the top post of a global energy body. The London-based WEC, formed in 1923, is one of the most influential independ
IndustryOct. 17, 2013
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[Newsmaker] Ryu first Korean to win in MLB postseason
Ryu Hyun-jin of the Los Angeles Dodgers threw seven shutout innings against the St. Louis Cardinals on Monday, becoming the first South Korean to pick up a starting win in the Major League Baseball postseason. At Dodger Stadium on Monday night, he allowed just three singles and struck out four batters in seven innings, leading his team to a 3-0 win over the Cardinals.It was the second career postseason start for the 26-year-old left-hander, who signed with the Dodgers last December after seven s
BaseballOct. 16, 2013
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[Newsmaker] South Korea may freeze nuke energy at 22-29%
Wolsung Nuclear Power PlantsThe nation will most likely freeze the portion of nuclear power in its total energy generation at between 22 to 29 percent by 2035, based on recent recommendations from a joint working group on the second phase of the national energy framework on Monday. Although not a binding directive, the group is considered to have sway in energy policy. Monday’s recommendations mark a sharp turn around from the previous Lee Myung-bak government in 2008 when another working group
IndustryOct. 14, 2013
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[Newsmaker] Nobel Prize rewards watchdog’s perseverance
The winner of this year’s Nobel Peace Prize is a body that has spent years trying to rid the world of chemical weapons in relative obscurity and was recently thrust into the limelight by the Syrian crisis.From Russia to the U.S., Iraq and Libya, inspectors from the Hague-based Organization for the Prohibition of Chemical Weapons, or OPCW, have been slowly but surely destroying the world’s most dangerous chemical stockpiles.Syria last month signed up to the Chemical Weapons Convention, which the
World NewsOct. 13, 2013
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[Newsmaker] New Fed nominee advocates low interest rates
The White House has nominated Janet Yellen as the first woman to head the United States Federal Reserve, arguably the most important job in global finance. But the decision will likely face stiff opposition by extreme conservatives in the U.S. Senate.If she is confirmed by the Senate, President Barack Obama will make history by tapping the first woman to head the American central bank in its 100-year history. That will surely make Senate Republicans even angrier.Current Fed Chairman Ben Bernanke
PoliticsOct. 10, 2013
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[Newsmaker] Former GE man tapped to salvage troubled CJ
CJ Korea Express vice chairman Lee Chae-wook has been appointed chief executive of CJ Corp., the de facto holding firm of the embattled CJ Group.The conglomerate’s Oct. 8 personnel overhaul is drawing wide interest as the 67-year-old businessman joined CJ Group only six months ago when CJ LNS merged with Korea Express.According to market insiders, the appointment comes as an emergency measure after group chairman Lee Jay-hyun was arrested in July on charges of amassing slush funds and evading ta
Oct. 9, 2013
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[Newsmaker] Elite school alumni dominate judiciary
A handful of elite high schools here produced more than 10 percent of the country’s judges, a new report showed Monday. Of 1,959 judges appointed from 2003-2013, about 11 percent or 227 judges were educated from five foreign language high schools in Seoul, according to Supreme Court data released by Rep. Kim Jin-tae of the Saenuri Party.Daewon Foreign Language High School in Gwangjin-gu produced by far the largest number of judges, with 97 graduates currently authorized for the court.Hanyoung Fo
Social AffairsOct. 7, 2013
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[Newsmaker] Progressives anxious about Sohn’s next move
For the beleaguered Democratic Party, its senior adviser Sohn Hak-kyu has become one of only a handful of members that hold the key for its political countermove against its rivals.Since losing last year’s presidential election, the DP has concentrated much of its resources on gaining leverage on the ruling party.However, despite numerous opportunities, the DP has so far managed only to paint itself into increasingly tighter corners.The issues surrounding the 2007 inter-Korean summit transcript
PoliticsOct. 6, 2013
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[Newsmaker] Saenuri picks Suh as by-election candidate
Internal conflict within the ruling Saenuri Party is escalating over its choice for a candidate in the upcoming parliamentary by-election. On Thursday evening, Saenuri picked Suh Chung-won, its former chairman and President Park Geun-hye’s longtime confidant, as the party’s candidate for the Oct. 30 election.The announcement came a day after the 70-year-old politician declared his candidacy bid “for the success of the Park Geun-hye government.”The return of the former six-term lawmaker, however,
PoliticsOct. 3, 2013
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[Newsmaker] Hanyang dean ousted over admission fraud
Park Moon-il, the dean of Hanyang University’s College of Medicine, is to be removed from office for allegedly committing academic fraud to aid his son in entering the institution’s graduate school of medicine.According to the findings of Hanyang University’s audit board, Park listed his son as the lead author of an academic paper while removing the name of an obstetrician who took part in the research. Park is also an author for the paper in question. Park’s son, who was a student of mechanical
Social AffairsOct. 2, 2013
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[Newsmaker] Record number seek Samsung jobs
The competition for jobs at Samsung companies in the second half of this year is expected to be the fiercest ever.The number of job seekers who applied for Samsung Group and its subsidiaries reached an all-time high during the regular recruiting session in the second half of this year, company officials said Tuesday. “We have some 100,000 applicants for 5,500 job vacancies although the exact number has not yet been calculated. (Because of the record-high number) we are having hard time securing
IndustryOct. 1, 2013
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[Newsmaker] Mysterious investor key to SK case
Financial investor and shaman Kim Won-hong is adding a new twist to the convoluted SK Group embezzlement case. Kim, a former financial aide of SK Group chairman Chey Tae-won and adviser for SK Shipping Co., was arrested on Sunday for his alleged involvement in Chey’s misappropriation scheme. Chey and his younger brother Chey Jae-won are alleged to have embezzled 45 billion won ($42 million) from SK Group subsidiaries in 2008 as the companies were making a 100 billion won investment in Benex Inve
Social AffairsSept. 30, 2013
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[Newsmaker] Chin’s ups & downs as Park’s key ally
When Chin Young, one of the closest allies of President Park Geun-hye and a passionate advocate of broader welfare, was appointed to head the Ministry of Health and Welfare in March, it was considered an indication of her government’s greater commitment to caring for the poor and underprivileged. Six months later the minister is seeking to step down in what is seen as a symbol of the Park administration’s retreat in welfare and return to a growth agenda amid budget woes and a lackluster economy.
PoliticsSept. 29, 2013
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[Newsmaker] Writer captured the spirit of his time
Author Choe In-ho, a literary legend whose works have been made into numerous movies and TV drama series, died of cancer on Wednesday, about seven months after the publication of his latest collection of essays, “Choe In-ho’s Life.” He was 68.Born in 1945 in Seoul, Choe is one of the very few Korean authors who started their writing careers as a teenager, along with Hwang Sok-yong. He made his literary debut at age 18, while attending Seoul High School, by winning a writing competition hosted by
BooksSept. 26, 2013
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[Newsmaker] Pantech "legend" quits troubled firm
Park Byeong-yeop, founder and vice chairman of Korea’s third-largest mobile device maker Pantech Corp., decided to leave the firm to take responsibility for sluggish business.He is the latest casualty among a list of so-called legendary businessmen after Woongjin Group founder Yoon Seok-keum and STX Group founder Kang Duk-soo, who had once garnered respect from office workers for their dramatic success stories.Starting his career as a salesperson at telecommunications device maker Maxon Electron
IndustrySept. 25, 2013
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[Newsmaker] Tong Yang Group in crisis
Embattled Tong Yang Group is suffering through a liquidity crisis as creditors and its sister group refused to help the country’s 38th-largest conglomerate. Its condition is showing signs of improvement as the group founder‘s wife is determined to save her oldest daughter, who is the vice chairwoman of the group, after her younger daughter rejected the rescue request. But it remains yet to be seen whether the conglomerate will be able to tide over financial squeeze. The situation involves family
Sept. 24, 2013
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[Newsmaker] Merkel cements EU position
German Chancellor Angela Merkel cemented her position as Europe’s de facto leader on Sunday by cruising to election victory for a third term in office.Having presided over a robust economy in a region of sick-man peers, the center-right Christian Democratic Union and its sister Christian Social Union of Bavaria won more than 40 percent of the national vote, bringing Merkel to within five seats of a tantalizingly rare parliamentary majority. Merkel’s political standing, already unmatched among he
Foreign AffairsSept. 23, 2013