Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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[Newsmaker] Alibaba: China’s e-commerce ‘crocodile’
SHANGHAI ― Alibaba has become by far the dominant e-commerce company in China, a country with the world’s greatest number of Internet users, in only 15 years.The Hangzhou-based company is largely unknown outside Greater China, but a historic listing on the New York Stock Exchange Friday and its recently-launched U.S. shopping website, 11 Main, are expanding its global stature.By raising $25.02 billion, Chinese online giant Alibaba has broken the record for the largest initial public offering in
World NewsSept. 21, 2014
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[Newsmaker] Kakao to launch news services
Kakao Corp., South Korea’s biggest mobile messenger service provider, said Thursday it plans to start its own local news services later this year, issuing a challenge to Naver Corp., which dominates online media content.To that end, Kakao has been expanding ties with news providers to distribute their content through its new platform, and will kick off a test-run version of the application next week, the company said. It aims to start a full-fledged service by the end of the year.“The app will b
IndustrySept. 18, 2014
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[Newsmaker] Defiant KB chief creates stir
KB Financial Group chairman Lim Young-rok has become known for two things: being the first financial group chairman to be slapped with a severe penalty and the first to defy the authorities’ sanction. Late Tuesday night, Lim filed an administrative suit against the Financial Services Commission to have the watchdog withdraw its three-month suspension order.“Through the legal procedure, I look forward to revealing the distorted truth (surrounding the banking unit’s computing system change) and th
Sept. 17, 2014
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[Newsmaker] What if? Scotland's steps to independence
With polls showing Scotland's upcoming independence referendum too close to call, the rest of the United Kingdom is starting to consider seriously the implications of a "Yes" victory.A pro-independence vote would be a global sensation but would change little in the immediate term, except perhaps boost calls for British Prime Minister David Cameron to resign.But the vote would sound the starting gun for complex talks between the British and Scottish governments on separating two deeply interlinke
World NewsSept. 16, 2014
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[Newsmaker] Rise of Sweden’s likely P.M.
STOCKHOLM (AFP) ― Sweden’s likely new prime minister, Social Democrat leader Stefan Loefven, may have little experience of national politics but this consensus-seeking trade unionist has overcome bigger obstacles before.Put into an orphanage by his mother as an infant, he has had his critics in his short time as opposition leader. Yet others see the former welder as a man more in touch with “the real Sweden.”“I have other relevant experience from working in industry and from leading a large trad
World NewsSept. 15, 2014
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[Newsmaker] Will Apple Pay kill the card swipe?
NEW YORK (AP) ― Apple wants the plastic credit card to become as rare as the paper check. On Tuesday, the company announced Apple Pay, a digital payment system that lets people pay for retail store purchases using their phones rather than cash or credit cards. The service, which will work both with iPhones and Apple’s new Watch, is backed by a host of big retailers, along with most major banks and credit card issuers, including Visa, MasterCard and American Express. So-called contactless payment
World BusinessSept. 14, 2014
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[Newsmaker] Scotland and England: A tale of rivalry
LONDON (AFP) ― The love-hate relationship between England and Scotland has been marked by bloodthirsty mediaeval battles, royal marriages and executions, followed by centuries of political and social unity.While Scots prepare to vote on the 300-year-old merger with England, the history binding their fortunes goes back way before they even existed as recognizable nations.Much of Scotland’s national story has been defined by its relationship with its bigger neighbor.And whatever happens in next we
World NewsSept. 11, 2014
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[Newsmaker] Apple on new road with iPhone 6, smartwatch
SAN FRANCISCO ― Apple moved to recapture its role as a tech trend setter on Tuesday with its highly anticipated first smartwatch and two large-screen versions of the iPhone.With the debuts of Apple Watch and iPhone 6 models stretched to fit a hot “phablet” trend, the California company delivered what rumors had predicted leading up to the event.The Apple Watch, a sleek wrist device that links to the iPhone, “will redefine what people expect from this category,” chief executive Tim Cook said at a
TechnologySept. 10, 2014
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[Newsmaker] Galaxy Note 4 gets mixed response
The Galaxy Note 4, Samsung Electronics’ all-new smartphone-tablet hybrid unveiled at the 2014 IFA in Berlin, has better display with a faster processing speed than its predecessor.It is thin and light. It has an S-pen. What else?The phablet looks much like the Note 3, except that it has a metal frame without the stitches on the back cover. The Note 3’s stitch design received poor reviews last year when it hit the market.The Note 4 seemingly turned out to be much ado about nothing.Lee Don-joo, Sa
TechnologySept. 4, 2014
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[Newsmaker] 5 women named to Japan's Cabinet
TOKYO -- Japan's prime minister picked five women for his Cabinet on Wednesday, matching the past record and sending the strongest message yet about his determination to revive the economy by getting women on board as workers and leaders.Japan has a vast pool of talented, well educated women, but they are far under-represented in positions of power in government and corporations. Women make up 10 percent of parliament and just 3.9 percent of board members of listed Japanese companies, versus 12
World NewsSept. 3, 2014
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[Newsmaker] Veteran N.K. diplomat likely to visit Europe
Kang Sok-ju, a seasoned North Korean diplomat, is likely to make a rare trip to Europe this week, officials at Seoul’s Foreign Ministry said Tuesday, in a move seen as in line with the North’s efforts to break from its international isolation.Kang, secretary of the Central Committee of the Workers’ Party of Korea, is expected to make a tour of Germany, Belgium, Switzerland and Italy, starting later this week for about 10 days, to meet political figures in those countries, they added.Given his st
North KoreaSept. 2, 2014
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[Newsmaker] Textbook row erupts over Ryu Gwan-sun
The contentious omission of a renowned female independence activist in high school textbooks has sparked further altercations within education circles, which are already divided on the possible revival of state-authorized history textbooks. During last week’s debate on how to improve Korean history textbooks, it was revealed that four of the eight state-certified textbooks excluded descriptions of Ryu Gwan-sun, one of the organizers of the March 1 Independence Movement against Japan’s colonial r
Social AffairsSept. 1, 2014
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[Newsmaker] Putin eyes pro-Russian statelet in Ukraine
MOSCOW ― Russian strongman Vladimir Putin first used “Novorossiya” ― the loaded Tsarist-era name for what is now southern and eastern Ukraine ― just after annexing Crimea from Ukraine in March, sparking outrage in Kiev.The Kremlin made a reference to the term again on Friday when it released Putin’s address to Ukraine’s pro-Russian separatists, pointedly calling them defenders of “Novorossiya” (New Russia).For analysts, this marks a significant development in nearly five months of conflict engul
World NewsAug. 31, 2014
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[Newsmaker] IMF chief faces French corruption probe
PARIS (AP) ― Christine Lagarde, the chief of the International Monetary Fund, was put under official investigation for negligence in a French corruption probe that dates back to her days as France’s finance minister. After a fourth round of questioning before magistrates on Wednesday, Lagarde said she was returning to her work in Washington, and called the investigation “without basis.” She is the third IMF managing director in a decade to face legal troubles.Lagarde and her former chief of staf
World BusinessAug. 28, 2014
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[Newsmaker] Burger King merger fans tax dispute
NEW YORK (AFP) ― Burger King is buying Canada’s Tim Hortons coffee-and-donuts chain in an $11 billion deal that raised concerns about another U.S. company moving abroad for tax advantages.Burger King Worldwide denied that the deal announced Tuesday, which would create the world’s third-largest fast-food company, was being undertaken for tax reasons. But the planned move of the “Home of the Whopper” headquarters from Florida to Canada, which could cut its corporate tax bill, sparked calls for boy
World BusinessAug. 27, 2014
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[Newsmaker] Daewoo founder says break-up was wrong
More than a decade after the collapse of Daewoo Group in 1999, the group founder and former chairman Kim Woo-choong has stepped out of the shadows to promote a book telling the “real story” about what caused the group to fall. The author is Shin Jang-sup, a professor at the National University of Singapore, who wrote the book as Kim told it. The demise of Daewoo is recorded as the largest bankruptcy ever in Korea. As of the late 1990s, the group was the nation’s second-largest industrial conglom
IndustryAug. 26, 2014
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[Newsmaker] Korea wins Little League
SOUTH WILLIAMSPORT, Pennsylvania (AP) ― In the giddy moments after South Korea won the Little League World Series, outfielder Sin Don-wan realized how he wanted to celebrate.“I want to go to the Blue House ― the White House of Korea ― and meet the president,” Sin said, breaking up his teammates.Just maybe Sin, who scored twice and hit a solo homer, will indeed get his wish to meet Park Geun-hye.He’s famous back in his homeland ― along with all of his teammates.Hwang Jae-yeong drove in two runs a
More SportsAug. 25, 2014
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[Newsmaker] Ice Bucket Challenge changes nonprofit world
The Ice Bucket Challenge’s phenomenal success is making other charitable organizations rethink how they connect with a younger generation of potential donors.Since the ALS Association began tracking the campaign’s progress on July 29, it has raised more than $53.3 million from 1.1 million new donors in what is one of the most viral philanthropic social media campaigns in history.Thousands of people, including celebrities like Taylor Swift and Oprah Winfrey, have posted videos of themselves getti
World NewsAug. 24, 2014
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[Newsmaker] New envoy to Japan faces daunting task
Yoo Heung-soo appears to be a confident and seasoned politician. Though he has yet to grasp all the pending issues and diplomatic terminology, his hale, vigorous and poised figure defies concerns about him being Korea’s oldest-ever ambassador to Japan. The 76-year-old former lawmaker, provincial governor and national police chief is scheduled to fly to Tokyo on Sunday to take on what is currently one of Korea’s most challenging diplomatic posts. He received a letter of credence from President Pa
Foreign AffairsAug. 21, 2014
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[Newsmaker] As protests rage, Obama pleads for calm
WASHINGTON (AP) ― When racial tensions erupted midway through his first presidential campaign, Barack Obama came to Philadelphia to decry the “racial stalemate we’ve been stuck in for years.” Over time, he said, such wounds, rooted in America’s painful history on race, can be healed.Six years later, the stalemate suddenly seems more entrenched than ever. As Obama pleads for calm and understanding in Ferguson, Missouri, he’s struggling to determine what role ― if any ― the nation’s first black pr
World NewsAug. 20, 2014