Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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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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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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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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Hopes rise for possible Gaza truce deal
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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GNP split over president’s membership
Reform-minded members call for distance from unpopular president to win electionsA controversy was brewing within the ruling Grand National Party on Thursday after a key member of its leadership team openly called for President Lee Myung-bak to leave the party.Party leadership played down the provocative remarks by Kim Jong-in as a personal view. Hoverer, some reform-minded members threw weight behind Kim, saying the party should distance itself from the unpopular president to win the coming gen
Jan. 19, 2012
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GNP vows to curb chaebol power
Rep. Park Geun-hye, chairwoman of the ruling Grand National Party’s interim decision-making body, vowed to curb family-owned conglomerates’ power by limiting their investment in other companies.“We will seek to tighten the regulation over their growth with mergers and acquisitions through equity investing excessively,” she told reporters during a luncheon Thursday.“Large companies may be the country’s growth engines, but monopolization must be prevented.”Her remarks reflected the council’s effor
Jan. 19, 2012
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Ministry calls for joint exhibition with N.K.
The South Korean government hopes to coordinate with the North a joint exhibition in Seoul of four different versions of the Annals of the Joseon Dynasty (1392-1910), culture ministry officials and civilian organizations engaged in inter-Korean cooperation projects said Thursday.Such an exhibition next year would celebrate the 600th anniversary of when the first volume of the annals was published and promote cross-border exchanges to ease lingering tensions, they said.The annals, known as “Joseo
Jan. 19, 2012
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GNP seeks to limit conglomerates’ acquisitions
Rep. Park Geun-hye, chairwoman of the ruling Grand National Party’s interim decision-making body, vowed to curb family-owned conglomerates’ power by limiting their investment in other companies.“We will seek to tighten the regulation over their growth with mergers and acquisitions through equity investing excessively,” she told reporters during a luncheon Thursday.“Large companies may be the country’s growth engines, but monopolization must be prevented.”Her remarks reflected the council’s effor
Jan. 19, 2012
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DUP appoints key officials
The main opposition Democratic United Party’s new chairperson Han Myeong-sook once again challenged the current administration by appointing new liberal figures to the party’s key posts.Her selection included a disputed former lawmaker who was found guilty in a bribery trial involving one of the bankrupt savings banks.The party’s Supreme Council, in its meeting in Gwangju on Thursday, unveiled as its spokesperson Shin Kyung-min, former anchor of the local broadcaster MBC.The 58-year-old journali
Jan. 19, 2012
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GNP split over President’s membership
Reform-minded members call for distance from unpopular president to win electionsA controversy was brewing within the ruling Grand National Party on Thursday after a key member of its leadership team openly called for President Lee Myung-bak to leave the party.Party leadership played down the provocative remarks by Kim Jong-in as a personal view. Hoverer, some reform-minded members threw weight behind Kim, saying the party should distance itself from the unpopular president to win the coming gen
Jan. 19, 2012
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Cheong Wa Dae official dispels worries over Iran sanctions
A senior Cheong Wa Dae official on Thursday dismissed growing concerns that Seoul’s plan to join Washington’s tougher sanctions against Iran could negatively impact the local economy. He also rejected allegations that Seoul bowed to U.S. pressure to participate in the sanctions, stressing that it is something South Korea decided on as a responsible member of the international community.“The U.S. wants us to take time and gradually reduce the imports in due consideration of the domestic situation
Jan. 19, 2012
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Court convicts but reinstates Seoul education chief
Kwak No-hyun, the suspended Seoul education chief, was fined 30 million won on Thursday for bribing a rival candidate to get him drop out of the 2010 election for the capital's education superintendent seat. Seoul education chief Kwak No-hyun (Yonhap News)The Seoul Central District Court delive
Jan. 19, 2012
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Diplomat’s stock scandal spreads to other agencies
Relative of public firm’s employee involved in diamond development caseA relative of a public corporation employee is suspected of having purchased stocks of a local firm based on insider information, before the government announced its successful bid to develop a diamond mine in Cameroon in 2010.The suspicion comes as public antipathy deepens over the allegations that some relatives of Kim Eun-seok, a suspended senior diplomat in charge of energy and resource diplomacy, used insider tips to pur
Jan. 18, 2012
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Park: I don’t know about cash envelope
But speaker mentions responsibility, says won’t run in April electionRuling and opposition parties on Wednesday acted in unison to pressure National Assembly Speaker Park Hee-tae to resign over allegations that he bribed fellow members of the governing Grand National Party to win its leadership race four years ago.Lawmakers of the main opposition Democratic United Party submitted a motion urging the disgraced speaker to step down from the parliamentary chief’s position, while the GNP mulled ways
Jan. 18, 2012
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DUP reaches out to Busan for elections
Han selects enemy turf for first outside-Seoul council meet, pays respect to RohThe main opposition Democratic United Party has begun implementing its strategies to win votes in the Busan and South Gyeongsang regions, where battles are expected to be the fiercest in the upcoming April general election.The party’s newly elected six-member Supreme Council, including chair Han Myeong-sook, held its second meeting in Busan on Wednesday and also visited neighboring Gimhae, hometown and gravesite of t
Jan. 18, 2012
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Korea to reduce oil imports from Iran in steps
Senior Washington official links Iran’s nuclear issue to that on N.K.South Korea on Tuesday decided to reduce its oil imports from Iran “in steps” as the U.S. urges its allies to join its tougher sanctions over Tehran’s controversial nuclear programs.The decision came after Seoul officials and the U.S. delegation, led by Robert Einhorn, the State Department’s special adviser for nonproliferation and arms control, discussed the sanctions and how to minimize the possible fallout from them.“We show
Jan. 17, 2012
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Diplomat suspended over stock manipulation
Resource diplomacy official denies allegations; audit result due later this month The Foreign Ministry suspended a senior diplomat in charge of energy and resource diplomacy last week over his alleged involvement in a high-profile stock manipulation scandal, officials said Tuesday.Kim Eun-seok is suspected of helping boost the stock price of C&K Mining, a local resource development firm, through a government press release in 2010 on its success in winning the rights to develop a diamond mine in
Jan. 17, 2012
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N. Korea casts shadow over elections in South
Inter-Korean relations could still affect major polls set to be dominated by internal issuesAbout an hour before closing time on Jan. 6, a rumor that a North Korean nuclear reactor had exploded spread through the South Korean stock market, dragging the KOSPI down nearly 10 points for several minutes.Less than two weeks before, the market was hit by rumors that Kim Jong-un, the youngest son and successor of the late North Korean leader Kim Jong-il, had been assassinated and China was sending troo
Jan. 17, 2012
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Heightening tension to tighten control
North Korea has a long list of provocative acts against South Korea, which were aimed at tightening internal control by raising tensions on the Korean Peninsula.The sinking of a South Korean naval vessel and the bombardment of Yeonpyeong Island last year, which claimed 50 lives, were the latest in a series of strikes the North has launched against its southern neighbor for decades.Since being anointed successor to his father, North Korea’s founder Kim Il-sung in 1974, Kim Jong-il was believed to
Jan. 17, 2012
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A presidential qualification yet to be verified
Concerns over the volatile situation on the Korean Peninsula following Kim Jong-il’s death have led to some changes in voter support for major potential presidential candidates.In a survey of 1,000 likely voters, conducted a day after the announcement of Kim’s death, Rep. Park Geun-hye, the interim leader of the ruling Grand National Party, was chosen by the largest proportion (29.9 percent) as the best candidate to deal with an emergency in North Korea. Entrepreneur-turned-professor Ahn Cheol-s
Jan. 17, 2012
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Diplomat suspended over stock manipulation
Resource diplomacy official denies allegations; audit result due later this monthThe Foreign Ministry suspended a senior diplomat in charge of energy and resource diplomacy last week over his alleged involvement in a high-profile stock manipulation scandal, officials said Tuesday.Kim Eun-seok is suspected of helping boost the stock price of C&K Mining, a local resource development firm, through a government press release in 2010 on its success in winning the rights to develop a diamond mine in C
Jan. 17, 2012
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Korea to reduce oil imports from Iran in steps
Senior Washington official links Iran’s nuclear issue to that on N.K.South Korea on Tuesday decided to reduce its oil imports from Iran “in steps” as the U.S. urges its allies to join its tougher sanctions over Tehran’s controversial nuclear programs.The decision came after Seoul officials and the U.S. delegation, led by Robert Einhorn, the State Department’s special adviser for nonproliferation and arms control, discussed the sanctions and how to minimize the possible fallout from them.“We show
Jan. 17, 2012
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DUP pledges full repeal of U.S. FTA
The newly elected Supreme Council of the main opposition Democratic United Party pledged to fully repeal the disputed Korea-U.S. Free Trade Agreement.The announcement raised concerns that ties between the two countries could take a step back should the liberal camp take power in this year’s elections.“All council members agree that the KORUS FTA was lopsided and flawed,” said Han Myeong-sook, after being elected party head on Sunday.“We shall abolish the entire pact and restart the talks from sc
Jan. 17, 2012
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Parties in race to reform nomination process
Leaders agree on revision of laws to allow open primaries ahead of electionsRival political parties, preparing for a crucial parliamentary election in April, are competing to look more radical in reforming the way they nominate candidates. With polls pointing to widespread voter disillusionment and an anti-incumbent mood, leaders of both parties feel that their fate in the upcoming election hinges on whether they succeed in fielding competitive candidates through an open and transparent process.
Jan. 17, 2012