Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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US 'incredibly concerned' about suspected NK-Iran military ties
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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[Kim Seong-kon] Democracy and the future of South Korea
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Seoul says Fu Bao loan 'not going to happen'
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[Newsmaker] Yuan’s rise means greater stability
With China’s yuan taking the biggest step yet toward joining the dollar and euro as a top-rank reserve currency, the global economy may be approaching an era of greater stability.So say economists who highlight the dollar’s role in the biggest financial crises in recent decades. Drawn to the liquidity and security of the unit of the world’s biggest economy, investors and governments relied on the dollar and produced dislocations including historically low borrowing costs in the 2000s even as the
World BusinessNov. 16, 2015
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[Newsmaker] Deadly Paris attacks reveal next stage of IS: experts
The Islamic State group’s ability to carry out the deadly Paris attacks that it has claimed reveals the growing sophistication and reach of the global jihadist network, analysts said Saturday.People lie on the pavement at the tarrasse of the Cafe Bonne Biere in Paris, on Friday. (AFP) At least 128 people were killed in gun and bomb attacks in the French capital Friday, in what President Francois Hollande called “an act of war.”IS’ online claim of responsibility boasted that “eight brothers weari
World NewsNov. 15, 2015
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[Newsmaker] N.K. leader’s key aide said to be sent to re-education
North Korean leader Kim Jong-un has sent his key confidant to the country’s top school for reeducation, South Korea’s intelligence officials said Thursday, in an apparent lenient punishment that could set the stage of his political comeback in the coming months, if not years.“Choe Ryong-hae is receiving education at Kim Il Sung Higher Party School,” an official said, referring to the top institution named after the country’s founder, Kim’s late grandfather.Choe Ryong-hae, a secretary of the Work
North KoreaNov. 13, 2015
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[Newsmaker] Architect of realpolitik, Europe integration
Helmut Schmidt, the chancellor who guided West Germany through economic turbulence and Cold War tensions, died Tuesday. He was 96.German weekly Die Zeit, of which Schmidt was a copublisher, confirmed in a statement that he died at his house in Hamburg. Schmidt’s office confirmed the former chancellor’s death to NBC News.Former German Chancellor Helmut Schmidt smokes a cigarette as he takes part in a debate at the Foreign Ministry in Berlin. AFP-YonhapSchmidt, a center-left Social Democrat, led W
World NewsNov. 11, 2015
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[Newsmaker] Myanmar vote gives hopes of ending sanctions
The United States on Monday welcomed Myanmar's election as a victory for the people, and the vote appeared to raise prospects of a further lifting of U.S. sanctions - provided the military accepts the results.While highlighting encouraging signs from Sunday's poll, Washington remained cautious and said it would watch for the democratic process to move forward before lifting more sanctions, which still target more than 100 individuals and businesses and limit U.S. investment in Myanmar.The ruling
World NewsNov. 10, 2015
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[Newsmaker] Shipping merger rumors resurface
Market rumors are rampant that the government is seeking to force the merger of Korea’s two largest shipping companies as part of its push for corporate restructuring to overcome the deteriorating market conditions.Container ships sit under construction at the Hanjin Heavy Industry shipyard in Busan. (Bloomberg)A local news agency reported Monday that the government will officially discuss a possible merger of the country’s No. 1 shipping line Hanjin Shipping and its rival Hyundai Merchant Marin
IndustryNov. 9, 2015
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[Newsmaker] Shipping merger rumors resurface
Market rumors are rampant that the government is seeking to force the merger of Korea’s two largest shipping companies as part of its push for corporate restructuring to overcome the deteriorating market conditions.A local news agency reported Monday that the government will officially discuss a possible merger of the country’s No. 1 shipping line Hanjin Shipping and its rival Hyundai Merchant Marine that suffered a setback due to ongoing liquidity issues.State bodies involved in the shipping in
IndustryNov. 9, 2015
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[Newsmaker] Hanmi emerges as darling of investors
After concluding a mega licensing deal with global pharma giant Sanofi, leading South Korean drugmaker Hanmi Pharmaceutical is emerging as a rising star in the local stock market. Hanmi shares soared by around 30 percent Friday to reach 711,000 won ($624.3), lifted by a 4.9 trillion won licensing deal with Sanofi. Some stock market analysts raised the drugmaker’s target stock price to 1 million won, based on the rosy outlook for growth in profits.The Hanmi Pharmaceutical headquarters in Seoul. (
IndustryNov. 6, 2015
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[Newsmaker] Presidents of China, Taiwan to hold historic meeting
The presidents of China and Taiwan will meet this weekend in Singapore, the two sides said Wednesday, in the first such talks between the rivals since they split at the end of a civil war in 1949.Seen as an attempt to boost the pro-Beijing Kuomintang's chances in Taiwan's presidential elections in January, the surprise meeting is likely to rattle voters already concerned about Beijing's growing influence on the island. (Yonhap)It follows a swift warming of relations with Beijing since Taiwan's
InternationalNov. 4, 2015
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[Newsmaker] Mystery surround Russian plane crash
Rescue workers investigate at the crash site of the Russian passenger airplane which crashed at the Hassana area in Arish city, north Egypt, on November 1, 2015. Egyptian and international investigators on Sunday have begun probing the reasons of the Russian plane that crashed in Egypt`s Sinai peninsula on Saturday which killed all 224 on board. (Xinhua/Ahmed Gomaa)/YonhapST. PETERSBURG, Russia (AP) ― Mystery and confusion surrounded the final moments of a Russian jetliner that plummeted suddenl
World NewsNov. 3, 2015
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[Newsmaker] Turkey's ruling party sweeps election
Turks woke on Monday to a country once again under the sole control of President Recep Tayyip Erdogan’s Justice and Development Party, which swept back into power in a surprise election win seen as a crucial test for the troubled nation.The AKP party founded by the divisive strongman, who has dominated Turkish politics for more than a decade, won 49.4 percent of the vote to secure 316 seats in the 550-member parliament with nearly all votes counted, easily enough to form a government on its own.
World NewsNov. 2, 2015
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[Newsmaker] Abe in Seoul amid frosty ties
After years of bitter ties between Seoul and Tokyo, Japanese Prime Minister Shinzo Abe arrived at Seongnam Airbase, Gyeonggi Province, Sunday, for a trilateral meeting and his first-ever talk with President Park Geun-hye on Monday.Though previous leaders of the two countries have held summits at least once a year ― visiting each other quite on a regular basis ― Monday’s summit is the first of its kind since May 2012, when Park’s predecessor Lee Myung-bak sat down with the then Japanese Premier Y
Foreign AffairsNov. 1, 2015
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[Newsmaker] Ryan: Conservative honing in on White House
The presumptive next speaker of the U.S. House of Representatives, Paul Ryan, is a onetime “young gun” of the Republican Party ― a conservative with a wonkish reputation who is clearly driven by higher political ambition.Paul Ryan. APPaul Ryan was nominated by his Republican colleagues Wednesday to lead the fractious House through the end of the Barack Obama presidency and potentially beyond.It is the most important job in Congress and one that places him second in line to the presidency, after
World NewsOct. 29, 2015
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[Newsmaker] iPhone sales propel rise in Apple’s profits
Apple said Tuesday that surging iPhone sales helped propel a sharp rise in quarterly profits, as the tech giant delivered a record 48 million of the smartphones.Profits rose 31 percent to $11.1 billion, while revenues jumped 22 percent from a year ago to $51.5 billion, Apple said.Customers look at products during the sales launch of the iPhone 6s and iPhone 6s Plus at the IAPM shopping mall in Shanghai, China. BloombergThe California tech giant, which in September unveiled revamped versions of t
World BusinessOct. 28, 2015
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[Newsmaker] Pianist Cho, Korea's newest classical music icon
Cho Seong-jin, the winner of the Chopin piano competition, is a new classical music icon in Korea, setting recording history even before the release of his first solo album. The 21-year-old pianist’s upcoming album – a live recording of his performances at the 17th International Fryderyk Chopin Piano Competition in Poland – was the top seller across all music genres at Kyobo Bookstore, the country’s largest book seller, as of 3 p.m. Tuesday -- a feat that no other classical musician has come ev
CultureOct. 27, 2015
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[Newsmaker] Polish euroskeptic right scores landslide victory
Poland’s conservative Law and Justice party won an outright majority in Sunday’s general election on anti-refugee rhetoric and welfare promises, ending eight years of centrist rule.Analysts said the next government’s first moves would be closely scrutinized, given the risk that nationalist policies could inflame tensions with the European Union and Russia.Conservative Law and Justice leader Jaroslaw Kaczynski kisses the hand of Justice candidate for the Prime Minister Beata Szydlo (left) at the
World NewsOct. 26, 2015
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[Newsmaker] Kerry: Israel to take steps to calm holy site unrest
US Secretary of State John Kerry said Saturday that Israel had agreed on steps to calm tensions over Jerusalem's Al-Aqsa mosque, at the center of Palestinian unrest, including 24-hour security cameras.Several hours later, Israeli Prime Minister Benjamin Netanyahu repeated his pledge of "upholding unchanged the status quo of the Temple Mount", as Jews refer to the highly-sensitive site, which allows Muslims to pray at the site, and non-Muslims to visit, but not pray.U.s. Secretary of State John K
World NewsOct. 26, 2015
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[Newsmaker] iPhone 6s hits store shelves in Korea
Apple Inc.'s two latest smartphones went on sale in South Korea on Friday, with the industry poised to keep close tabs on the market for possible overheating on the retail front. The country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Inc. -- released the iPhone 6s and iPhone 6s Plus for sale via their respective retail stores nationwide. The iPhone 6s is available for 720,000 won ($635) for the 16GB model and 1.14 million won for the 128GB, given the subsidy of about
TechnologyOct. 23, 2015
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[Newsmaker] Korean pianist wins Chopin competition
A 21-year-old Korean pianist won Poland’s Chopin competition Tuesday -- one of the most prestigious contests in the piano world and considered a launch pad for an international career. Cho Seong-jin beat 77 other young pianists from 20 countries to take home the gold medal and prize of 30,000 euros ($33,500) at the 17th International Fryderyk Chopin Piano Competition, held every five years in the Polish capital Warsaw and named after the 19th century pianist and composer. Cho Seong-jin (AFP-Yon
PerformanceOct. 21, 2015
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[Newsmaker] Canada's new P.M. vows to bring hope, change
Canada’s Liberal leader Justin Trudeau, the son of a popular former prime minister, won the general election in a landslide, television networks projected -- a stunning defeat for Stephen Harper’s Conservatives.Networks CBC and CTV projected the 43-year-old Trudeau -- who ran a combative campaign and offered up what he called a bold “new vision” for the nation -- would form a majority government with more than 170 of the 338 seats in the House of Commons. Canada`s Liberal party leader Justin Tru
World NewsOct. 20, 2015