Articles by Park Ju-young
Park Ju-young
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Consumer sentiment jumps to more than 6-year high in July
Korea's key consumer sentiment index improved for a sixth consecutive month in July to reach more than a six-year high, a central bank survey showed Tuesday, as the economy shows signs of improvement.The composite consumer sentiment index for July came to 111.2, up from 111.1 a month earlier, according to the survey from the Bank of Korea. The July figure marked the highest since January 2011 when the index stood at 111.4.A reading above 100 means optimists outnumber pessimists.Korea's exports h
Economy July 25, 2017
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US trade deficit with Korea not result of FTA: experts
The United States' trade deficit with Korea is not a result of their bilateral free trade agreement, two experts here have said, dismissing President Donald Trump's push to revise the deal.Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, and Euijin Jung, a research analyst at the same institution, made the case in a contribution to The Hill last week, saying it "makes no sense" to try to modify the FTA now."Trump sees US bilateral trade d
Economy July 24, 2017
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Korea accounts for 10% of Samsung's 2016 revenue
Korea accounted for around 10 percent of Samsung Electronics Co.'s combined sales last year, similar to the previous year's figure, reflecting the tech giant's expanding presence overseas, its report showed MondayAccording to the business report released by Samsung Electronics, 20.2 trillion won ($18 billion) of its combined sales of 201.9 trillion won posted last year came from Korea. The 10 percent figure remains nearly unchanged over the past three years.(Yonhap)The North American market acco
Industry July 24, 2017
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US military chief says N. Korea capable of 'limited' missile attack
North Korea is able to launch a "limited" missile attack and the United States stands ready to defend itself, South Korea and Japan should such an event occur, the chairman of the US Joint Chiefs of Staff has said.Marine Corps Gen. Joe Dunford made the assessment at the Aspen Security Forum in Aspen, Colorado, Saturday, as he emphasized his immediate concern about North Korea's missile and nuclear programs."(North Korean leader) Kim Jong-un's regime is tied to program, and what I can tell the Am
North Korea July 24, 2017
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White House 'supports' sanctions bill on Russia, N. Korea, Iran
The White House "supports" a bill Congress is moving to place sanctions on Russia, North Korea and Iran, press secretary Sarah Sanders said Sunday.Sanders' remark comes a day after lawmakers at the House and Senate announced an agreement in negotiations to pass a bill aimed mainly at preventing President Donald Trump from unilaterally lifting sanctions on Russia. Sarah Sanders (Yonhap)The revised version also calls for new sanctions on Russia for its alleged meddling in the 2016 US presidential
North Korea July 24, 2017
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PyeongChang seeking more sponsorships from public sector
As the countdown to the 2018 PyeongChang Winter Olympics reaches 200 days, preparations for the quadrennial competition have entered the final phase.The PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games (POCOG) completed its eighth International Olympic Committee Project Review on July 4. During the two-day meeting with IOC officials, the POCOG discussed its final preparations for the torch relay and athletes' accommodations and transportation, among other issues.Py
More Sports July 23, 2017
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PyeongChang 2018 venues, infrastructure almost ready to host Olympics
The venues and infrastructure for the 2018 PyeongChang Winter Games are nearly ready to welcome visitors next year as the organizers are set to put the final touches on their construction projects.A dozen venues -- seven for sports on snow and five for events on ice -- will be used during the first Winter Olympics in South Korea. Six are being constructed, while six other existing venues will be refurbished for the quadrennial competition to take place in PyeongChang and its sub-host cities of G
More Sports July 23, 2017
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Countdown to PyeongChang Winter Olympics reaches 200 days: host
The countdown to the first Winter Olympics to be held in South Korea will reach 200 days on Monday, with the east coast host city of PyeongChang ratcheting up its preparations and homegrown athletes chasing a record medal haul.PyeongChang, which lies some 180 kilometers east of Seoul in Gangwon Province, won the bid to host the 2018 Winter Olympics in July 2011. The competition will be held from Feb. 9 to 25 next year under the slogan "Passion. Connected."PyeongChang 2018 will be the first Olymp
Sports July 23, 2017
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Foreign ministry to draw up road map for cybersecurity
Korea's foreign ministry will soon craft a mid-term plan to beef up cybersecurity measures, an official said Sunday.The move comes as government offices and other public agencies here face growing cyberthreats. The foreign ministry's website has been threatened by DDoS, or distributed denial of service, attack attempts amid the worldwide spread of ransomware. (Yonhap)The ministry plans to sign a contract with an outside cybersecurity agency next month to draw up the 2018-2022 road map within thi
Defense July 23, 2017
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[Weekender] Online comunities help Koreans go fishing
South Koreans have long enjoyed fishing as a hobby. But the public notion about the pastime is that it’s for the elderly or those who have a lot of free time. Things are changing, though, as a growing number of online fishing communities are catering to Koreans in their 20s and 30s -- a group willing to go for a new hobby to relieve their stress. FMC members enjoy fishing at Gimpo fishery (Kang Pan-soo/FMC)Lee Ji-ah is a case in point. “I used to be easily swayed by unwanted thoughts before I st
Culture July 14, 2017
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[Video] 2 dead, 16 hurt in pile up on Seoul-Busan highway
Two people were killed and 16 others hurt following a pileup on Sunday on the northbound highway linking Seoul to the port city of Busan, police said.Six passenger cars and a bus were involved in the crash on the Gyeongbu Highway near an interchange in Seoul's Yangjae area around 2:50 p.m., the police said the passenger cars collided on the rain-slick highway before the bus hit one of the cars carrying two persons that resulted in their deaths.(Photo captured from the video)Photo from the scene
Social Affairs July 9, 2017
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LG to use energy efficient, quiet compressors on all new
LG Electronics Inc. said Sunday that it will adopt its energy efficient and quiet compressors on all new refrigerators this year.The global home appliance manufacturer said its top-of-the-line inverter linear compressor will be used in refrigerators with the exception of one-door units and larger volume machines used commercially. Inverter linear compressor (Yonhap)The company was the first in the world to build a premium linear compressor in 2001 that helped condense and move refrigerants. The
Technology July 9, 2017
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N. Korean stalls sell videos of American animated films: report
North Korean stalls in Pyongyang dealing videos are selling American-made animated films, Radio Free Asia reported Sunday, citing the Russian Embassy in the North Korean capital.According to the Washington-based media outlet, the Russian Embassy released photos of such stalls and their products as an indication that the idea of people in Pyongyang being completely closed from the outside world is false. (Russian Embassy)Videos offered at the stalls include such American films as "Cinderella," "
North Korea July 9, 2017
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Moon's approval rating continues to hover over 80% in latest poll
President Moon Jae-in continued to enjoy record high approval ratings this week, though the outcome of the latest poll released Sunday showed a slight drop. According to the poll conducted by the Korea Society Opinion Institute, 85.9 percent of those surveyed said the new president was doing a good job in managing state affairs. The reading marked a 3.5 percentage point drop from a month before. Still, it marked one of the highest for all presidents here in his or her first year in office.
Politics July 9, 2017
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Korea has fewest out-of-wedlock births among OECD states
Korea has the fewest out-of-wedlock childbirths among developed market economies with high income, a central bank report said Sunday. The result of the Organization for Economic Cooperation and Development findings were due to the country's deep-rooted sentiment against having a child out of marriage, the Bank of Korea said. The ratio of babies born out of marriage was 1.9 percent in Korea in 2014, the lowest level among 35 member countries belonging to the Paris-based organization. The
Social Affairs July 9, 2017
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