...nt is facing fresh controversy as local refiners and gas station owners vent fury at the government’s push to curb fuel prices. The Ministry of Knowledge Economy has been striving to contain runaway ...e wake of rising inflation. Despite a recent decline amid concerns about the global economy, Korea’s benchmark Dubai crude has hovered above $100 a barrel following political turmoil in North Africa ...

Politicians, citizens call for stronger action on Japan’s territorial claims The leader of Korea’s ruling Grand National Party said Sunday that he has asked the government to station Marines on Dokdo to strengthen the country’s sovereignty of the set of rokcy islets claimed by Japan. Rep. Hong Joon-pyo, the GNP chairman, also urged the government to drop its “quiet diplomacy” and instead strong...

Cooperative English education program between the Korean government and Canada’s public education offices proved its worth at the program’s end. The special program driven by the Ministry of Education, Science and Technology and Canada’s educational organizations, including the Peer International Education Alliance, was held from July 25 to Aug. 12 at Hallym University in Chuncheon, the lakeside...

...r-old Kopino child has been in need of special care after its mother was killed by her ex-boyfriend last month. The child doesn’t have a mother or a father now and is taken care of by her grandfather’s brother,” he said. Kopino children who were invited to Korea to experience Korean culture by Korea Youth Exchange Program Association from May 31 to June 5. (Korea Youth Exchange Program Associatio...

With the global economy dwindling again in the aftermath of the downgrade of the U.S.’ “AAA” credit rating by S&P, retirees or those who plan to retire in the near future are concerned about a reduction in retirement savings. When the market went down in 2008 and 2009, 61 percent of working baby boomers in the U.S. were concerned about outliving their retirement assets, according to a report by ...

...e first batch of the baby-boomers have started to retire in many countries including South Korea, U.S., Japan and European nations. The size of the working-age population in the OECD countries, howev... as finding new jobs. AARP has become one of the biggest and most influential associations in the U.S. Japan’s International Longevity Center, established by the country’s Ministry of Health and Welf...

...cheong Province. Under the deal, the Chinese company will supply 33 billion won ($30.5 million) worth of rolling mills, key equipment in steel production, Hyundai said in a statement. Hyundai Steel’s chief procurement officer Kim Beom-su (left) and China Erzhong’s general manager Sun Derun pose after signing a contract for rolling mill supply at the Korean company’s Seoul office in Yangjae-dong on Friday. (Hyundai Steel) Based in Deyang, Sichuan Province, Ch...

...some Korean foods products such as mayonnaise, instant noodles and snacks in Russia in the late 1990s, Sempio entered the market in 2004 with the Russian brand name “Achim,” a Korean word for morning....gthening its market presence, the company said. Sempio has entered in 68 countries including the U.S., China, Middle East and Russia. Its overseas sales amounted to 15 billion won last year. It expec...