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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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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[Newsmaker] Greece’s discreet new finance minister
ATHENS ― Greece’s new finance minister Euclid Tsakalotos is as discreet and tight-lipped as his predecessor Yanis Varoufakis was flamboyant and confrontational. Tsakalotos, a 55-year-old leftist economist who had been a pointman in Greece’s bailout talks, was named as Varoufakis’ replacement hours after his resignation on Monday.He is far less likely to irritate Athens’ exasperated creditors.Euclid Tsakalotos, Greece’s finance minister, addresses journalists during a handover ceremony in Athens,
World BusinessJuly 7, 2015
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[Newsmaker] Algal blooms stoke ecological concerns
A thick green tide spreading across Korea’s major rivers due to low water flow and warm temperatures is stoking concerns over the ecosystem and public health. Since mid-May, algal blooms have been seen in the Nakdonggang River in the south of the peninsula. In June, the algal blooms spread in the Hangang River in Seoul as well, and Seoul Metropolitan Government issued an algal bloom warning on June 30 in the downstream section of the river, spanning from Jamsil Bridge to Haengju Bridge. It was t
NationalJuly 6, 2015
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[Newsmaker] Korea’s MERS concerns more about politics than health
South Koreans tend to perceive the outbreak of Middle East respiratory syndrome as a political issue, not a health issue, illustrating a different attitude from what they showed during the flu pandemic that hit the country in 2009, a study revealed Sunday.According to research led by a public health professor at Seoul National University, Koreans appeared to be more concerned about politics than the deadly virus itself, with the popular words used on Twitter in relation to the outbreak being one
Social AffairsJuly 5, 2015
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[Newsmaker] U.S., Cuba declare end of hostility
WASHINGTON ― After more than a half century of hostility, the United States and Cuba declared Wednesday they will reopen embassies in each other’s capitals this month, marking a historic full restoration of diplomatic relations between the Cold War foes. For President Barack Obama, the opening of the U.S. Embassy in the heart of Havana is one of the most tangible demonstrations of his long-standing pledge to engage directly with U.S. adversaries. Heralding the embassy agreement, Obama declared:
World NewsJuly 2, 2015
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[Newsmaker] Busan port chief to head U.N. maritime body
Since Ban Ki-moon was first named new secretary-general of the United Nations in 2006, South Korea has waited for another Korean global leader to be named. Nine years later, the president of Busan Port Authority, Lim Ki-tack, has been elected to head the United Nations maritime body. Lim Ki-tack (Yonhap)The 58-year-old veteran is the first South Korean to take the secretary-general position of the International Maritime Organization, the U.N. agency responsible for the safety and security of shi
Social AffairsJuly 1, 2015
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[Newsmaker] Widow to restore DJ’s reconciliation legacy
For Lee Hee-ho, widow of former President Kim Dae-jung, cross-border tensions are a source of deep frustration as the deadlocked relationship has eclipsed the inter-Korean rapprochement Kim laboriously fostered under his signature “Sunshine Policy.” With a plan to visit the North soon, the 93-year-old former first lady hopes to restore Kim’s legacy of bilateral engagement and cooperation, which has faded amid Pyongyang’s pursuit of nuclear arms and provocative actions, and Seoul’s hard-line resp
North KoreaJune 30, 2015
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[Newsmaker] ‘Northern Limit Line’: Korean patriotism
A scene from "Northern Limit Line" (Next Entertainment World)“Northern Limit Line” is a film with a very clear purpose. It seeks to assuage the pain of bereaved families who lost their sons during a North Korean naval attack, reveal the systematic failures of the South Korean Navy that facilitated this loss, and draw attention to the society’s misplaced priorities. Every minute is dripping with this sense of mission and self-consciousness.The film revolves around the story of three young soldier
FilmJune 29, 2015
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[Newsmaker] The embattled whip
The governing party remained split Sunday over if it should stage a confidence vote on whip Rep. Yoo Seong-min due to his role in last week’s legislative crisis that is widely viewed as a power struggle between him and the president.President Park Geun-hye last Thursday vetoed a bill, chiefly sponsored by her former chief of staff Yoo, that would have given lawmakers the right to ask for revisions to government decrees. Park said the changes violated the principle of the division of powers and b
PoliticsJune 28, 2015
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[Newsmaker] U.S. retailers pull Confederate flag
WASHINGTON -- Walmart and Amazon will no longer stock merchandise bearing the Confederate flag after the Charleston church massacre, in a growing movement against what critics say is a symbol of racism in the American South.The retail giants were joined by eBay, Sears and Kmart and follows calls from South Carolina state governor Nikki Haley to remove the controversial flag from the grounds of the state capital following protests at the weekend.Civil rights activists have long pushed for the fla
World NewsJune 24, 2015
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[Newsmaker] NPS pressed on corporate reform
The National Pension Service, the nation’s largest institutional investor, is facing growing pressure to raise their voice in merger plans being pushed by conglomerates.On Monday, Solidarity for Economic Reform, a civic group pushing for reforms of family-controlled South Korean conglomerates, or chaebol, urged the fund to review the merger plan between SK Holdings and SK C&C and to decide whether to back or veto the deal before a shareholders meeting Friday. The merger plan between the two SK a
IndustryJune 23, 2015
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[Newsmaker] Korea plans July bidding to sell Woori
Financial authorities plan to unveil a revised method for the sale of state-funded Woori Bank next month in their move to recoup taxpayers’ money, regulatory officials said Monday.Market attention is again focused on the coming announcement of the Public Fund Oversight Committee, after the agency successfully completed the sale of the now-defunct Woori Financial Group’s stock brokerage unit and two provincial bank units over the past year.Officials said the committee, as an arm of the Financial
June 22, 2015
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[Newsmaker] Fitbit CEO raises pace with hot stock debut
With the hot stock debut of Fitbit, a maker of popular wearable fitness-tracking devices, the spotlight shone on its CEO and cofounder James Park, a 38-year-old Korean-American.In its first day of trading Thursday on the New York Stock Exchange, the company’s stock surged more than 50 percent to $30.40 a share from its initial price of $20 during regular trading hours. More than 40 million shares of Fitbit were traded, putting the company on track to rank among the top five stock market debuts o
TechnologyJune 21, 2015
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[Newsmaker] Plagiarism claims haunt literary icon
In Korea’s moribund literary scene, novelist Shin Kyung-sook has been almost the only source of excitement. With a growing international profile, the author of 2011 New York Times bestseller “Please Look After Mom” seemed to be Korea’s best shot at producing a world star, like what Murakami Haruki is for Japan. Shin’s seemingly unassailable reputation here, and perhaps her fledgling global career, now faces a grave challenge after allegations of plagiarism surfaced. On Tuesday, fellow writer Lee
CultureJune 18, 2015
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[Newsmaker] Donald Trump running for U.S. presidency
NEW YORK ― Property tycoon Donald Trump, one of America’s most flamboyant and outspoken billionaires, threw his hat into the 2016 race Tuesday for the White House, promising to make America great again.The 69-year-old long-shot candidate ridiculed the country’s current crop of politicians as “stupid” and vowed to take on the growing might of China in a speech launching his run for the presidency.“I am officially running for president of the United States and we are going to make our country grea
World NewsJune 17, 2015
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[Newsmaker] KT shows renewed vigor under new leader
KT, the nation’s No. 2 telecom carrier, has shown renewed vigor recently under the leadership of chairman and CEO Hwang Chang-gyu, who took office in January last year.For more than a decade, KT has been a fast follower behind SK Telecom, which played a leading role in creating key consumer and technological trends in the telecom industry. Although the state-run KT was privatized in 2002, a deep-rooted sense of complacency had been holding back the company and its employees.But the new CEO, form
TechnologyJune 16, 2015
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[Newsmaker] MERS-stricken Samsung hospital faces crisis
Widely considered one of the top hospitals in South Korea, Samsung Medical Center is now being blamed for spreading Middle East respiratory syndrome in the country.As of Monday, 72 cases occurred within its premises in Gangnam-gu, southern Seoul, accounting for nearly half of the 150 Korean cases of the disease. The outbreak in the hospital alone is enough to rival United Arab Emirates, the world’s No. 3 country in terms of MERS cases with 76.An even bigger issue than the rising number of patien
Latest NewsJune 16, 2015
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[Newsmaker] Clinton kicks off 2016 bid
NEW YORK ― Hillary Rodham Clinton formally kicked off her presidential campaign on Saturday with an enthusiastic embrace of her potential to become the first woman to win the White House, asking supporters gathered at her first major outdoor rally to join her in building an America “where we don’t leave anyone out, or anyone behind.”Hillary Rodham Clinton (Yonhap)With the downtown New York skyline and new World Trade Center over her shoulder, Clinton offered herself as a fierce advocate for thos
World BusinessJune 16, 2015
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[Newsmaker] Swiss police seize FIFA computer data
LAUSANNE ― FIFA has handed over computer data to Swiss police investigating the 2018 and 2022 World Cup votes and suspended bidding for the 2026 tournament as it remained at the center of a football corruption storm.(Yonhap)Brazilian legend Zico, meanwhile, became the first person to officially declare himself a candidate to take over football’s scandal-tainted world governing body from Sepp Blatter.FIFA said that computer data from its Zurich headquarters had been handed to Swiss prosecutors.Sw
World NewsJune 16, 2015
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[Newsmaker] POSCO, Daewoo Int'l clash over gas project
A crisis began escalating at Daewoo International ― the trading and overseas resource development arm of POSCO ― Wednesday following rumors that CEO Jeon Byeong-eal would quit in protest of the parent firm’s asset restructuring plan.POSCO officials declined to comment in the day, saying they would issue a statement after a decision regarding his status was made.According to industry sources, Jeon uploaded a message on the internal corporate board in May that he had sent an email to POSCO chairma
IndustryJune 10, 2015
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[Newsmaker] Seoul mayor capitalizes on MERS response
Seoul City Mayor Park Won-soon’s latest response to Middle East respiratory syndrome appears to have given him an opportunity to demonstrate his capacity as a competent administrator and a potential alternative to the incumbent presidency that has struggled to control public fears over the MERS outbreak. Park on Tuesday met Rep. Moon Jae-in, the leader of main opposition New Politics Alliance for Democracy, and vowed to consolidate efforts to address the outbreak that left seven people dead, clo
PoliticsJune 9, 2015