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Second-tier banks required to set aside more provisions to curb high-risk lendingMarketsJune 29, 2017The financial regulator said Thursday it will require second-tier banks to set aside more loan-loss provisions from the second quarter of this year, in a move to curb high-risk home lending. The tou...
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Think tank raises Korea's growth outlookEconomyJune 29, 2017The South Korean economy will likely grow at a faster pace this year than initially estimated on resilient exports and corporate capital spending, a private think tank said Thursday. In its second-q... -
Slogan for Korea's national image discardedSocial affairsJune 29, 2017South Korea's culture ministry announced Thursday that the slogan for Korea's national image introduced last year is no longer in use. The Ministry of Culture, Sports and Tourism said it got rid of ... -
Korea strongly protests Japan diplomat's comments on comfort womenForeign AffairsJune 29, 2017South Korea on Thursday strongly protested a Japanese diplomat's disparaging comments on the victims of Tokyo's sexual slavery during World War II. In a recent media interview, Takashi Shinozuka, th... -
Heatstroke claims 58 lives between 2012-2015: govt. dataHealthJune 29, 2017Heatstroke has claimed 58 lives in South Korea over the past five years, government data showed Thursday. Those in their 70s accounted for the largest share with 18, followed by 11 each for people i... -
Cracks found on Surion military helicopter's airframe: arms agencyDefenseJune 29, 2017South Korea's Army has resumed the operation of more than 60 Surion multiple-purpose choppers after grounding them for nearly three weeks for new cracks found on the airframe, a state arms procuremen... -
Korea's ruling party leader to attend memorial for Helmut KohlDefenseJune 29, 2017South Korea's ruling party leader will attend a memorial for late former German Chancellor Helmut Kohl this week, the foreign ministry said Thursday. Kohl, who played a key role in German unificatio... -
S. Korea sends home 8 rescued N. Korean crewmenNorth KoreaJune 29, 2017South Korea sent home Thursday eight North Korean crewmen who were rescued in its waters last week, a unification ministry official said. South Korea's Coast Guard rescued a ship carrying the crewme... -
Iranian speaker says Tehran willing to use Pyongyang ties to help inter-Korean reconciliationForeign AffairsJune 29, 2017Iran's parliamentary speaker said Thursday that Tehran will seek to use its ties with North Korea to help improve inter-Korean relations for a "peaceful and political" solution. During an interview ... -
Korean shares extend gains, KOSPI breaks 2,400 points for 1st timeMarketsJune 29, 2017South Korean shares extended their rally late Thursday morning, with the main stock index breaking through the 2,400-point level for the first time. The benchmark Korea Composite Stock Price Index r... -
Samsung Electronics, SK hynix lead stock price hikes: dataMarketsJune 29, 2017Electronics and semiconductors have led the latest stock market boom in Asia's fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economi... -
Korea's air traffic rises 4% in MaySocial affairsJune 29, 2017Air traffic in South Korea rose 4 percent in May from a year earlier helped by increased demand on non-Chinese routes, government data showed Thursday. The number of passengers on Korean and interna... -
Korea's retail sales up 6.3% in May on online growthEconomyJune 29, 2017Sales of key retailers in South Korea grew 6.3 percent last month from a year earlier, led by the strong performance in the online sector, government data showed Thursday. The combined revenue of 26... -
Highway to make it easier for Seoulites to reach East SeaSocial affairsJune 29, 2017A recently completed highway will allow people living in Seoul to reach a popular tourist destination on the East Sea in less than two hours, the transport ministry said Thursday. It used to take tw... -
Doosan expands power biz in USCompaniesJune 29, 2017Doosan Group, a major South Korean power equipment conglomerate, said Thursday that it has strengthened ties with US counterparts to expand its presence in the world's largest market. Doosan Heavy I...
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