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Small, midsized companies‘ wages only half of conglomerates

IndustryFeb 26, 2017

The average paychecks of small and midsized enterprises are only half of those provided by conglomerates, data showed Sunday, causing young jobseekers to shy away from applying for such positions. According to the research conducted by the Ministry of Employment and Labor, employees of companies with more than 300 staff made 5.61 million won ($4,960) monthly in 2015. In contrast, those working a...
Special counsel to again summon Samsung heir on Sunday

IndustryFeb 26, 2017

Special prosecutors said Saturday they will summon the de facto leader of Samsung Group for additional questioning over his alleged involvement in the high-profile corruption scandal that has rocked the country for the past several months. Lee Jae-yong, who has already been arrested formally, will be brought to the special prosecutor‘s office Sunday to face questioning over allegations he offere...
S. Korea fails to repatriate rescued NK fishermen

North KoreaFeb 16, 2017

South Korea failed Thursday to repatriate rescued North Korean fishermen, as the North did not respond to its call, Seoul's unification ministry said. South Korea had planned to send the five crewmen rescued in the East Sea earlier this week back to North Korea via the truce village of Panmunjom on the inter-Korean border earlier in the day. (Yonhap) The government will try to contact the neig...
Director Hong Sang-soo attends Berlin film fest with actress Kim Min-hee

FilmFeb 16, 2017

Award-winning Korean filmmaker Hong Sang-soo attended the Berlin International Film Festival together with actress Kim Min-hee on Thursday to promote their latest film nominated in the main competition category. Filmmaker Hong Sang-soo (left) and actress Kim Min-hee attend a press conference held at Berlin Internationl Film Festival on Thursday. (Yonhap) It was their first public appearance aft...
Chinese airlines withdraw plans for chartered flights to S. Korea

Diplomatic CircuitDec 31, 2016

Chinese airlines have withdrawn plans to run chartered flights to South Korea for the busy Chinese New Year holiday season next month, the transport ministry said Saturday. Two Chinese air carriers -- China Southern Airlines and China Eastern Air -- rolled back requests for the South Korean government to approve their plans to run chartered flights to South Korea a day earlier, according to the ...
Ex-health minister grilled over scandal involving Park

Social affairsDec 31, 2016

South Korea's special prosecutors on Saturday grilled a former health minister as part of their probe into an influence-peddling scandal involving President Park Geun-hye and her friend. The team of special prosecutors questioned Moon Hyung-pyo, now chief of the National Pension Service (NPS), over suspicion that he exerted pressure on the state fund to back a mega merger deal between top conglo...
Highly pathogenic strain of bird flu found in cats

Social affairsDec 31, 2016

A highly pathogenic strain of bird flu was discovered in two dead cats on Saturday, a provincial government official said, marking the first infection of the virus found in mammals in two years. The H5N6 strain of avian influenza (AI) which has infected chickens across the country was found in the bodies of the cats in Pocheon, some 46 kilometers north of Seoul, the official said, citing informa...
S. Koreans demand president's removal on New Year's Eve

Social affairsDec 31, 2016

Even on New Year's Eve, large crowds of South Koreans were expected to join another rally demanding the ouster of impeached President Park Geun-hye, who's determined to restore her powers through a court trial. Hundreds of thousands were expected to participate in the evening marches near Seoul's presidential palace and the Constitutional Court. Park's supporters are planning their own rallies i...
S. Korea's pension fund chief formally arrested in corruption probe

PoliticsDec 31, 2016

Special prosecutors on Saturday formally arrested South Korea's state-run pension fund chief in their investigation into a widening influence-peddling scandal involving President Park Geun-hye and her friend. Park was impeached earlier this month over a string of corruption allegations involving her confidante Choi Soon-sil. One of them was that she colluded with Choi to strong-arm Samsung and o...
Ban calls for end to baseless allegations in name of vetting

PoliticsDec 31, 2016

U.N. Secretary-General Ban Ki-moon called Friday for rooting out the practice of spreading unfounded accusations in the name of vetting, flatly rejecting allegations that he took money from a South Korean businessman about a decade ago. Ban, who has recently declared his desire to run for president of his home country, made the remark to South Korean reporters after issuing a New Year's message ...
Korea's hedge fund market swells to nearly 7 trillion won

Dec 31, 2016

The size of South Korea's hedge fund market grew to nearly 7 trillion won ($5.81 billion) this year as deep-pocketed investors rushed into the market amid the stagnant stock market performance and low interest rates, data showed Saturday. The total assets under management by local hedge fund operators stood at 6.69 trillion won as of Dec. 23, a rapid increase from 2011 when hedge funds were firs...
N.K. leader's public activities hit 5-year low in 2016: data

North KoreaDec 31, 2016

North Korean leader Kim Jong-un carried out the fewest public activities this year since he took office in late 2011, data showed Saturday, amid toughened international scrutiny over Pyongyang's nuclear and missile tests. The North's leader conducted 132 field guidances in 2016, compared to 153 cases recorded the previous year, according to Seoul's unification ministry and analysis of North Kore...
N. Korea can conduct another nuclear test at any time: NIS

North KoreaDec 23, 2016

North Korea is capable of conducting another nuclear test at any time, South Korean spy agency chief said Friday, citing activity at the country's nuclear site. "Human and vehicle activities remain active in the second shaft at the North's Punggye-ri nuclear test site even during the winter, and the third shaft is capable of further testing at any time," Lee Byoung-ho, director of the National I...
Libyan plane hijacked, lands in Malta: PM

World NewsDec 23, 2016

A man who said he was armed with a grenade Friday hijacked a Libyan plane which landed on the Mediterranean island of Malta with 118 people on board, Malta's prime minister and government sources said. The Airbus A320 had been on a domestic Libyan route operated by Afriqiyah Airways from Sabha in the south to the capital Tripoli but was re-routed. "The Afriqiyah flight from Sabha to Tripoli has...
Berlin truck attack suspect killed in Milan police shootout

World NewsDec 23, 2016

The Tunisian man suspected of driving a truck into a crowded Christmas market in Berlin was killed early Friday in a shootout with police in Milan, ending a Europe-wide manhunt, Italy's interior minister said. Checks conducted after the shootout showed "the person killed, without a shadow of a doubt, is Anis Amri, the suspect of the terrorist attack,'' Interior Minister Marco Minniti said. The ...