Most Popular
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Banks compete for foreign customers
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Genesis to expand beyond luxury
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Doctors' group picks new leader amid tense standoff over increased enrollment quota
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Med student hike, a must for competent regional hospitals: Yoon
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Dialogue hopes fade as doctors pick hard-liner as new head
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Official campaigning kicks off for April 10 elections
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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Destroyer approaching hijacked vessel
By Shin Hae-inA 4,500-ton South Korean destroyer was proceeding toward a Korean commercial vessel apparently hijacked by the Somali pirates Sunday, as the Seoul government remained firm against holding direct negotiations or paying ransom for the 21 crew members.The 11,500-ton Samho Jewelry freighter, carrying eight South Koreans, is believed to have been seized Saturday in the waters between Oman
Jan. 16, 2011
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Allies urge N.K. to clear way for inter-Korea talks
As regional powers are coming together on the terms of restarting stalled peace talks with North Korea, the outcome appears to be lying in the hands of the nuclear-armed state which clearly has the most to gain through the dialogue.Members of the aid-for-denuclearization talks have been engaged in a flurry of diplomacy this month, discussing the best solution to the high-running tensions between t
Jan. 16, 2011
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U.S. opens door to N.K. engagement
Gates warns Pyongyang to renounce hostilityU.S. Defense Secretary Robert Gates said Friday that “diplomatic engagement” with North Korea, starting with direct inter-Korean dialogue, is possible as a next step to deal with the belligerent communist state.“With regard to next steps on North Korea, diplomatic engagement is possible, starting with direct engagement between DPRK (North Korea) and the S
Jan. 14, 2011
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Credit union accused of bribing lawmakers
State prosecutors have launched a probe into allegations that the National Credit Union Federation of Korea provided tens of millions of won to lawmakers as it lobbied for legislation to ease its lending rules.The prosecution has already searched the office of the credit union for evidence, Yonhap News reported Friday, citing sources in the prosecution and the credit union.The probe on the credit
Jan. 14, 2011
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Korean fishing boat trespassed into Japanese waters
The captain of a South Korean fishing boat admitted that his vessel trespassed into Japanese waters near South Korea’s easternmost islets of Dokdo, Seoul’s foreign ministry said Friday.An overnight joint investigation by the two countries’ maritime police found that the 29-ton “33 Ssangyong” did not engage in illegal fishing within the Japanese exclusive economic zone.“The South Korean Coast Guard
Jan. 14, 2011
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Croatia wants embassy in Seoul
Croatia will actively push to open an embassy in South Korea, its prime minister was quoted as saying Thursday.“We have decided to open our embassy in South Korea,” Croatian Prime Minister Jadranka Kosor told visiting South Korean National Assembly Speaker Park Hee-tae. “We will push for the opening as soon as our economy recovers,” she was quoted as saying by the Speaker’s spokesman.Park was on a
Jan. 14, 2011
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Hyundai Motor Group set to ink deal to buy Hyundai E&C
Creditors of Hyundai Engineering & Construction Co. (Hyundai E&C) were to sign a preliminary deal later Friday with Hyundai Motor Group to sell the leading builder in South Korea. On Jan. 7, creditors, led by Korea Exchange Bank, picked South Korea's top automotive group as the preferred bidder for a 35 percent stake in the builder following a court rejection of Hyundai Group's request to salvag
Jan. 14, 2011
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‘U.S. wants approval of Korea FTA before July’
The Obama administration wants Congress to ratify the free-trade deal with South Korea before a similar pact between Korea and the European Union goes into effect in July, the chief U.S. trade official said Thursday.“Our goal is to hand this agreement to Congress before the EU trade agreement goes into effect on July 1,” U.S. Trade Representative Ron Kirk told a forum in Washington. “Everything we
Jan. 14, 2011
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Obama to discuss with Hu North Korea's nuke, provocations: White House
WASHINGTON (Yonhap) -- North Korea will be on the agenda next week when U.S. President Barack Obama meets with Chinese President Hu Jintao at the White House, Obama's spokesman said Thursday. "There will be discussion on global economic issues as well as security issues like North Korea and Iran and important issues of political reform and human rights," White House spokesman Robert Gibbs said.
Jan. 14, 2011
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Some 110 Korean students held in Manila for allegedly studying without permits
About 110 young South Korean students have been held in the capital of the Philippine for allegedly studying English at a language school there without permits, Seoul's foreign ministry said Thursday. Immigration officials rounded up the Korean students, who are all minors, at an English-language learning center in Manila on Jan. 7 for violating the Philippine immigration law, an official at Seoul
Jan. 14, 2011
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S. Korea, Japan probe alleged border violation near Dokdo
ULLEUNG ISLAND/SEOUL -- South Korean and Japanese maritime police were jointly investigating whether a South Korean fishing boat violated Japanese waters near the South Korean islets of Dokdo, officials said Thursday. The two sides began the joint probe around 2 p.m. in waters about 69 kilometers southwest of Dokdo in the East Sea off the Korean Peninsula after the 29-ton South Korean fishing b
Jan. 13, 2011
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S. Korean, Japanese coast guard ships in confrontation near Dokdo
ULLEUNG ISLAND -- A South Korean coast guard ship is in confrontation with a Japanese patrol ship in waters near the South Korean islets of Dokdo over an issue of violating an exclusive economic zone, an official said Thursday.(Yonhap News)
Jan. 13, 2011
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U.S. more cautious on N.K. threats
Expert warns of Pyongyang’s possible missile test-firing, more provocations this yearAs regional powers coordinate terms under which they can resume peace talks with North Korea, Washington appears to be growing more cautious about what impatience and instability could push the nuclear-armed state to do. Nuclear and missiles threats by the impoverished communist state go “beyond the region to the
Jan. 13, 2011
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Defense procurer toughens vetting of military equipment
Blocking defects in weapons and military equipment is to be a key goal of South Korea’s military acquisition agency this year, the agency said on Thursday.This goal is apparently aimed at addressing public concerns over several military accidents due to flaws in military supplies and equipment in recent years.The Defense Acquisition Program Administration also said that it would seek this year to
Jan. 13, 2011
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K-21 armored vehicles back in use
K-21 armored vehicles will return to military use in April after defects that sank two of them in 2009 and last year were fixed, an official at the military acquisition agency said Thursday.After it sank during a river-crossing training session in July, killing one solider, the domestically-built K-21, which was touted as a high-tech amphibious infantry fighting vehicle, was found to have a series
Jan. 13, 2011
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Watchdog chief vows to fight corruption
Kim Young-ran, the new chief of the Anti-Corruption and Civil Rights Commission, said Thursday the rights watchdog would focus on rooting out irregularities among high-ranking officials this year.“Most corruption starts from asking for special favors,” Kim said in a meeting with auditors of public organizations including government ministries and local administrations at the panel’s office in Seou
Jan. 13, 2011
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Japanese foreign minister to visit Seoul on Saturday
Japanese Foreign Minister Seiji Maehara will make a one-day trip to South Korea on Saturday for talks with his counterpart, instead of staying overnight from Friday as originally planned, an official said.Maehara called South Korean Foreign Minister Kim Sung-hwan on Thursday to ask if he could change the travel schedule, citing “various circumstances,” a ministry official said on condition of anon
Jan. 13, 2011
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Top auditor nominee bows out
Chief state auditor nominee Chung Tong-ki withdrew Wednesday, two days after the ruling party turned its back on him amid rising public antipathy toward the privileges he was granted for his former job as a prosecutor.“I decided to step down today from the post as chairman nominee of the Board of Audit and Inspection,” Chung said in a press conference.Chung read out a lengthy statement about his s
Jan. 12, 2011
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Air Force, Navy to get more ministry, JCS representation
General-level officers from the Army, Navy and Air Force are expected to equally share key decision-making posts at the Defense Ministry and the Joint Chiefs of Staff by the end of next year, a government source said Wednesday.The move is aimed at enhancing interoperability among the three armed services and addressing the Army’s dominance in the military’s decision-making processes, which has lon
Jan. 12, 2011
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Bills aim to strengthen status of Marine Corps
A ruling party lawmaker is planning to submit to parliament three revision bills this week that would offer more independence to the Marine Corps, which was merged into the Navy in 1973.The move comes as the need for the Marines’ independence from the Navy has been voiced following North Korea’s artillery attack on Yeonpyeong Island in November that killed two marines and two civilians. Rep. Chung
Jan. 12, 2011