Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Outbound travelers fall to 16-month low
The number of South Korean travelers going overseas fell to a 16-month low in March, apparently due to the recent earthquake and tsunami that hit Japan, the top destination for outbound tourists, data showed Tuesday.According to the data released by the Justice Ministry and the Korea Tourism Organization, the number of South Koreans going overseas came to 868,694 last month, down 8.6 percent from
April 26, 2011
-
International air travel grows 6% in Q1
The number of passengers using international air flights grew about 6 percent during the first quarter as people were bolstered to travel by the ongoing economic recovery, the transportation ministry said Tuesday.Passengers using international flights in and out of South Korea’s airports came to 10.13 million during the January-March period, up 5.8 percent from the same quarter a year earlier, the
April 26, 2011
-
Consumer sentiment rebounds in April
South Korea’s consumer co nfidence rebounded for the first time in five months in April on the back of optimism about the economic recovery, the central bank said Tuesday.The consumer sentiment index (CSI) ― a gauge of consumers’ overall economic outlook, living conditions and future spending ― stood at 100 for April, up from 98 in March, the Bank of Korea (BOK) said in a monthly report.The April
April 26, 2011
-
[News Focus] Tax cuts, easier loans fail to lift real estate
About one month has passed since the government rolled out measures to boost the sluggish real estate market. The centerpiece of the policy was to offer tax benefits and ease financing limits.Despite the policy and such positive economic indexes as soaring stock prices, however, the market has no signs of rebounding. Moreover, there are growing concerns of a further contraction in housing sales, d
April 25, 2011
-
Regulator launches Apple data probe
KCC sends inquiries to Apple over data of smartphone usersThe state media regulator said Monday it launched an investigation against Apple Inc. over collection of information of its smartphone users in Korea.The Korea Communications Commission said it requested Apple to promptly answer a questionnaire and return it by “the earliest date.”State authorities asked the company to clarify the duration
April 25, 2011
-
Corporate executives getting younger
Average executive at Korea’s top 100 companies is 52.5 years old, 4 years younger than in 2006Corporate top brass are getting younger by the year, with the average age of executives at Korea’s top 100 companies surveyed at 52.5 years last year, having shed almost four years since 2006.Five years earlier, the average executive was 55.9 years old. Monday’s figures from the Korea Listed Companies Ass
April 25, 2011
-
Minister stresses need for nuclear safety
South Korea needs to strengthen its nuclear reactor safety protocol to ensure there are no problems with its atomic power production, the commerce minister said Monday.The remarks come amid growing concern over the safety of atomic energy after the disastrous earthquake in Japan damaged reactors at the Fukushima nuclear power plant, prompting radiation leaks. Knowledge Economy Minister Choi Joong-
April 25, 2011
-
Kia Motors posts record sales in Q1
Kia Motors Corp., South Korea's second-largest automaker, set a new quarterly sales record in the first three months of the year amid growing overseas demand for its vehicles, the company said Monday.According to data released by Kia Motors, the company sold 565,355 vehicles in the first quarter, up 20.2 percent from the same period last year. Domestic sales came to 125,631 units with exports risi
April 25, 2011
-
French workers strike against English speaking management
About 184 staff at Thermal Ceramics in France have gone on strike against what they called ‘Aglo Saxon Imperialism,’ according to reports. The London based company was established in 1856 and is a division of Morgan Crucible Company.Thierry Juvin, the workers’ representative, said “We say hello in French but then communication stops.“We have to have someone who translates everything into English,
April 22, 2011
-
Three tycoons make Asia’s top executive list
Fortune’s list includes Lee of Samsung, Chung of Hyundai Motor and Koo of LGThree Korean top business leaders ― Lee Kun-hee, Chung Mong-koo and Koo Bon-moo ― were included in a U.S. magazine’s recently released list of Asia’s 25 most powerful business people.Lee, chairman of Samsung Electronics, was ranked fourth while Chung, chief of Hyundai Motor, and Koo, chairman of LG Group, were placed 10th
April 21, 2011
-
[Herald Interview] Chang sees difference in FTA with China
Says free trade benefits vary with levels of developmentA noted critic of free trade agreements has offered a mixed assessment of a potential FTA between South Korea and China. Chang Ha-joon, an economist at the University of Cambridge in the U.K., has written numerous publications critical of free trade agreements. In books such as “Bad Samaritans: The Myth of Free Trade and the Secret History of
April 21, 2011
-
U.S. ‘mindful’ of progress in S. Korea-EU FTA: envoy
The United States is “mindful” of progress South Korea and the European Union have achieved in ratifying their free trade agreement, the top American envoy here said Wednesday, as Seoul and Washington make their last push to bring their own deal to life.“Yes, we are very mindful that our friends in Europe also have a free trade agreement,” U.S. Ambassador to South Korea Kathleen Stephens said duri
April 20, 2011
-
World-OKTA pledges to offer 10,000 internships in foreign countries
The largest association of overseas-based Korean business leaders put forward an ambitious vision Monday to offer overseas internship positions for 10,000 young Korean adults as it celebrated its 30th anniversary with a pledge to expand the “business territory” of their homeland.The World Federation of Overseas Korean Traders Association, or World-OKTA, also vowed to take advantage of its deep-rea
April 19, 2011
-
Marriages increase as economy recovers
The number of marriages increased 5.3 percent in 2010 in line with the market rebound from the economic crisis between 2008 and 2009, Statistics Korea said Tuesday.The report by the state agency said 326,000 couples married last year, putting the total up 5.3 percent from the year before. The figure is a reverse of declines during 2008-9 which saw marriages dropping by 4.6 percent and 5.5 percent
April 19, 2011
-
Korea seeks South American opportunities
South Korea is seeking to bolster cooperation in energy and raw material with South America while conveying its rapid growth experience to countries in the region, the government said Tuesday. South America has emerged a continent fall of opportunities for Korea despite its distance due to its abundance in natural resources such as crude oil and minerals, as well as its rapidly recovering local ec
April 19, 2011
-
S. Korea considering lowering oil taxes: minister
South Korea is considering lowering taxes on oil consumption to help ease financial burdens on low- and mid-income people from sky-high oil prices, the nation's finance minister hinted Monday."The government does not deny the need for lowering oil taxes,"Finance Minister Yoon Jeung-hyun told lawmakers. "It is taking a close look at when and how much the government should push for (tax reduction)."
April 19, 2011
-
Nonghyup and IBM officials face probe over network crash
Prosecutors said Saturday they plan to summon witnesses to determine why the banking network of the country’s farm cooperative crashed.The Seoul Supreme Prosecutors’ Office said about 20 National Agricultural Cooperative Federation (Nonghyup) and IBM Korea employees will be questioned in relation to the network glitch that has affected services since late Tuesday.People have not been able to use N
April 17, 2011
-
Global inflationary pressure should stabilize after Q2: Yoon
WASHINGTON (Yonhap News) ― Worldwide inflationary pressure brought on by soaring commodities and farm prices should stabilize after the second quarter of this year, Korea’s finance minister said Friday.In a meeting with reporters in Washington, Finance Minister Yoon Jeung-hyun said supply shortages in the agricultural sector, triggered by bad weather, are showing signs of stabilizing this month. H
April 17, 2011
-
Seoul stocks may hit record high this week
Korean stocks should be able to maintain their steady gains and strive to reach record-high levels this week, despite downside risks, local analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) ended last week at 2,140.50, up 12.53 points, or 0.6 percent, from a week earlier, extending its rally of weekly gains to a fifth straight week.The total market cap also reached a n
April 17, 2011
-
U.S., S. Korea in final stretch of ratifying FTA: Clinton
SEOUL, (Yonhap) - South Korea and the United States are in the "home stretch" of their years-long efforts to have their free trade deal ratified by both legislatures, U.S. Secretary of State Hillary Clinton said Saturday.But speaking at the start of a meeting with South Korean Foreign Minister Kim Sung-hwan in Seoul, briefly open to the press, Clinton did not make any comments directly related to
April 17, 2011