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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Actor Hyun’s new movie delves into love, communication
A woman, who has been married for five years, one day tells her husband she wants to leave him for another man. The husband, an introvert who rarely speaks his mind, does not ask her why. On the day she moves out, he makes coffee and wraps her favorite teacup so she can take it with her.Starring Hyun Bin and Im Soo-jeong, director Lee Yoon-ki’s new film, “Come Rain, Come Shine,“ tells the story of
FilmJan. 20, 2011
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Seoul fraught by Somali pirates’ ship hijackings
The Seoul government appears to be agonizing over how to deal with Somali pirates, after a South Korean cargo vessel carrying 21 crewmembers was seized last Saturday.The 11,500-ton Samho Jewelry freighter, carrying eight South Koreans, was captured in the Arabian Sea between Oman and India en route to Sri Lanka from the United Arab Emirates.The government has reiterated its vow not to negotiate wi
PoliticsJan. 20, 2011
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NASA plans Valentine's date with a comet
WASHINGTON - Like two strangers in the night, a US spacecraft and a speeding comet will dash by one another on Valentine's Day, NASA said Wednesday, and skywatchers are eager to see what happens.The Stardust-NExT spacecraft will be rapidly snapping pictures of the Tempel 1 comet as they pass at a mere distance of 200 kilometers (about 124 miles).Space experts are curious to see how a trip around t
English EyeJan. 20, 2011
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Repeat robbers may get electronic tags
The government is considering making those convicted of repeated robberies wear electronic anklets, which are currently required for sex offenders and murderers, from next year. The Justice Ministry said Thursday that it is pushing to revise the law to apply the traceable electronic device to robbers.The law is currently imposed only on criminals considered likely to repeat crimes such as sex offe
Social AffairsJan. 20, 2011
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More foreign wives seeking legal advice
A large number of foreign wives sought legal advice on divorce last year, a government counseling center said Thursday, causing concern that an already high divorce rate for international marriages could rise. In a 2010 report released by the Emergency Support Center for Migrant Women, legal counseling sessions numbered 10,604, up 23 percent from the previous year.Although legal advice does not ne
Social AffairsJan. 20, 2011
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Seoul Forest, Mount Nam to be linked by pathway
From as early as next year, Seoulites will be able to stroll from Seoul Forest in the east to the top of Mount Nam in the city center without breaking their stride.The Seoul Metropolitan Government said Thursday that its project to link the city’s landmark parks and mountains with footpaths has begun, and is due to be completed by next year. The 8.4-kilometer pathway will be named “Geotgoshippen G
Social AffairsJan. 20, 2011
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Korea to tighten measures to verify foreign degrees
The government will adopt stricter measures to verify overseas academic diplomas and tighten its monitoring of universities hiring staff with such qualifications. The state-run National Research Foundation of Korea will oversee verification while the Korea Education and Research Information Service will seek to display the full text of the thesis for all overseas degrees acquired by Koreans, the M
Social AffairsJan. 20, 2011
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Ex-lecturer aims to lead change in civil service
Being the first in something always draws attention. Such was the case for Yoon Eun-key, who became the first non-bureaucrat to take the helm of the Central Officials Training Institute eight months ago.The former corporate consultant, lecturer, radio host and university president has held a dozen job titles, but had never served in the public sector before.“With my experience in corporate educati
PoliticsJan. 20, 2011
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Facebook agrees to improve data protection for Koreans
The state media regulator Korea Communications Commission said Thursday that the U.S.-based social networking site Facebook agreed to improve its individual information protection measures for Korean users.The KCC said that Facebook stated that it will devise separate measures which follow the country’s information and telecommunications law by the end of March.The event takes place after the stat
IndustryJan. 20, 2011
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KT targets W20.5tr in sales
Carrier to invest 3 trillion won to boost service quality, global presenceKT Corp. said Thursday it plans to record 20.5 trillion won ($18 billion) in sales and spend 3 trillion won in investments this year to boost its service quality and step up its presence in global markets.KT, the exclusively provider of Apple’s iPhone in Korea, also said that it aims to reach 30 trillion won in sales by 2015
IndustryJan. 20, 2011
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Antitrust regulator probes refineries
Move prompted by Lee’s comments on oil pricesThe antitrust regulator is investigating four major oil refiners for possible price rigging and cartel activities, sources said Thursday.The probe comes amid growing government pressure on them over surging fuel prices. The Fair Trade Commission this week conducted on-site investigations of GS Caltex, S-Oil, Hyundai Oil Bank and SK Energy to see if ther
IndustryJan. 20, 2011
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FSC fails to reduce burden on taxpayers
Financial groups may avoid taking on bad assets of savings banksThe government-led restructuring of savings banks may end up injecting a sizable amount of taxpayers’ money into troubled secondary financial institutions, industry watchers said. The Financial Supervisory Commission is in talks with potential investors including Woori Financial Group to arrange a sweeping rescue scheme for distressed
Jan. 20, 2011
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U.S.-China tensions may grow again
WASHINGTON (AP) ― Despite the pomp, pageantry and vows of cooperation, tensions between the United States and China are likely to grow, not shrink, after President Barack Obama’s summit meeting with Chinese President Hu Jintao.While the United States struggles with near-chronic unemployment and a continuing housing crisis, China was the first major economy to power out of the global downturn and r
WorldJan. 20, 2011
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Korea mulls easing rules for hedge funds
Korea’s financial regulator is considering loosening regulations over private equity funds, a move that may open the gates to local hedge funds. The country’s tight limits on short-selling leverage rates and types of assets allowed for investment have constrained local funds’ growth and investment targets.“The Financial Services Commission is seeking to revise the capital market law by the end of
Jan. 20, 2011
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Seoul stocks down on profit-taking
Korean stocks ended 0.43 percent lower on Thursday on profit-taking and worries over China’s further monetary tightening, analysts said. The local currency dropped against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) declined 9.03 percent to 2,106.66, retreating from an all-time high of 2,115.69 a day earlier. Trading volume was moderate at 328.8 million shares worth 6.4
Jan. 20, 2011
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Liquidity feared to push up inflation
Liquidity provided by Korean financial firms reached almost 2,000 trillion won ($1.79 trillion) in November, central bank data showed Thursday, adding to growing risks of higher inflation.The country’s liquidity provided by local depository agencies totaled 1,982 trillion won in November, up 7.7 percent from the previous year, according to data from the Bank of Korea. To fight the global financial
Jan. 20, 2011
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Korea, Egypt seek oil, nuke power partnership
Korea will beef up cooperation with Egypt in oil, nuclear power plants and many other areas as part of efforts to enhance its economic ties with the fast-growing African country, Seoul’s top economic policymaker said Thursday.The remarks were made by Finance Minister Yoon Jeung-hyun in his meeting with his Egyptian counterpart Boutros Ghali in Cairo.The visit is part of his first overseas tour, wh
Jan. 20, 2011
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Korea‘s technology level 5.4 years behind U.S.'
Korea’s technology level in 95 key areas is 5.4 years behind that of the United States, a government report showed Thursday.The report by the Ministry of Education, Science and Technology showed the country‘s technological prowess standing at 60.2 percent of so-called ultimate technology, or the highest possible technological level that can be reached at present with 100 percent being the highest
IndustryJan. 20, 2011
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Mobile payments coming to Starbucks
WASHINGTON (AFP) ― U.S. coffee chain Starbucks on Wednesday began allowing customers in its U.S. stores to keep their cash and credit cards in their wallets and pay for their drinks with mobile phones.Starbucks said the mobile payment system, which has been tested in selected cities since last year, was being expanded to the nearly 6,800 Starbucks around the country and the more than 1,000 Starbuc
IndustryJan. 20, 2011
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China shrugs off moves to cap inflation
Nation's economy grew 10% in 2010, spurred by surging investmentSHANGHAI (AP) ― By the usual measures, the world’s second largest economy is doing just fine: China’s growth this year looks likely to slow only slightly. Prices appear to be moderating and shops are packed as families stock up on food and clothes for Lunar New Year festivities.But despite the upbeat holiday mood, China is struggling
Jan. 20, 2011