Articles by Park Ju-young
Park Ju-young
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Moon seeks advice from former ambassadors ahead of meeting with Trump
President Moon Jae-in was set to hold a rare meeting Monday with the country's former top diplomats to the United States, in an apparent move to seek advice on important topics and the best ways to deal with his US counterpart Donald Trump.The meeting comes two days before the president is set to head to Washington, where he is scheduled to hold bilateral talks with the new US head of state. (Yonhap)The meeting, to be held from 10:30 a.m., was set to involve seven former ambassadors to the Unite
Foreign Affairs June 26, 2017
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Samsung's Galaxy S8 advert wins Cannes Lions awards
Samsung Electronics Co.'s advertisement of its flagship Galaxy S8 smartphone won seven awards from the Cannes Lions International Festival of Creativity, the company said Monday.The South Korean tech giant said it has won three gold, two silver and two bronze prizes from the festival with its advertisement dubbed "the dream of an ostrich." (Yonhap)Under the theme "do what you can't," the advertisement shows an ostrich struggling to fly after wearing a virtual-reality device. Samsung said the adv
Industry June 26, 2017
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9 dead, 28 missing after tourist boat sinks in Colombia
GUATAPE, Colombia -- Nine people were dead and 28 missing after a tourist ferry packed with around 170 passengers for the holiday weekend capsized Sunday on a reservoir near the Colombian city of Medellin, officials said. A major rescue effort involving Colombia's air force and firefighters from nearby cities was looking for survivors at the Guatape reservoir where the four-story El Almirante boat sank. As it went down, a flotilla of recreational boats and jet skis rushed to the scene to pull pe
World News June 26, 2017
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N. Korea fires 'Scud-type' ballistic missile
North Korea fired "at least one" short-range ballistic missile from its eastern coast early Monday morning, South Korea's military said, with the provocation triggering a strong condemnation by the South's new government seeking to improve inter-Korean ties.The missile, presumed to be a Scud type, was launched eastward from the vicinity of Wonsan, Gangwon Province, at around 5:39 a.m., according to the Joint Chiefs of Staff."The flight distance is around 450 kilometers," Army Col. Roh Jae-cheon,
North Korea May 29, 2017
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Trump willing to make peace through engagement with N. Korea: S. Korean envoy
WASHINGTON -- US President Donald Trump told a special envoy of South Korean President Moon Jae-in that he looks forward to working closely with Moon to resolve the North Korean nuclear issue and is willing to make peace through engagement with Pyongyang if conditions are right, the envoy said.Trump, however, stressed during a 15-minute meeting with special envoy Hong Seok-hyun that he won't hold talks with the North for the sake of talks, the envoy said. Also in attendance at the meeting were V
Politics May 18, 2017
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[From the Scene] 1 year after Gangnam murder, fight against misogyny rages on
As usual, the street outside Gangnam Station is bustling with people busily going about their day.But a year ago here, a young woman met the tragic end to her life at the hands of a knife-wielding stranger -- a man who hated women. At dusk Wednesday, the first anniversary of the killing, hundreds of people, mostly women in their 20s and 30s, silently marched across Gangnam in tribute to the 23-year-old victim who was stabbed to death by a man in a unisex public bathroom.Mourners pay silent tribu
Social Affairs May 17, 2017
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Trump believes Russia must be unhappy with NK missile launch: White House
US President Donald Trump has been briefed on North Korea's latest missile launch and believes Russia must be unhappy with the firing as the missile fell close to the country, the White House said Sunday.White House press secretary Sean Spicer also reaffirmed the US security commitment to allies South Korea and Japan and said the missile launch should serve as a call for all countries to carry out stronger sanctions on Pyongyang.US President Donald Trump (Yonhap)"The president has been briefed o
North Korea May 14, 2017
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Moon Jae-in names key secretariat members
President Moon Jae-in on Thursday announced three senior presidential secretaries to lead his secretariat, naming a liberal law professor as legal advisor, his election camp’s online publicist as public affairs chief and a leadership expert as personnel chief.Cho Kuk, professor at Seoul National University’s law school, was picked as senior presidential secretary for civil affairs, a post in charge of the president’s legal affairs, newly appointed Chief of Staff Im Jong-seok said in a briefing.C
Politics May 11, 2017
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Korea's eco-friendly product exports surge 32 pct this year: govt
Korea's eco-friendly product exports surged 32 percent annually in the first four months of 2017, the government said Wednesday.According to the Ministry of Trade, Industry and Energy, outbound shipments of such products as energy storage systems reached around $148 million as of late April.It said exports of EVs centered on the popular Ioniq and Soul reached 4,367 units worth $110 million in the first quarter, a gain of 9 percent from the year before. The Ioniq is Hyundai Motor Co.'s answer to
Industry May 3, 2017
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Return of 50,000 won notes hits four-year high this year: BOK
The return of high denomination 50,000 won notes hit a four-year high early this year, the Bank of Korea (BOK) said Wednesday.The central bank said it retrieved 4.59 trillion won ($4.06 billion) worth of the notes in the first quarter of this year, while printing 6.96 trillion won in new bills.This represents a return rate of roughly 66 percent, up from 57.5 percent in the last three months of last year.The return rate of the notes first issued in June 2009 has been on the decline since 2013 fal
Economy May 3, 2017
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Korea central bank chief to attend global meetings in Japan
The head of Korea's central bank will attend three major policy meetings set to take place in Japan later in the week, the Bank of Korea (BOK) said Wednesday.BOK Gov. Lee Ju-yeol plans to participate in the 20th ASEAN-plus-three finance ministers and central bank chiefs meeting Friday, the 50th ADB annual gathering Saturday and the BIS meeting from Sunday to Monday, the bank said. At the meetings, Lee is expected to discuss pending issues in the financial markets and touch on measures to expand
Economy May 3, 2017
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S. Korea, China to be affected by THAAD fallout: think tank
South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced US missile defense system on the Korean Peninsula, a local think tank said Wednesday.According to the Hyundai Research Institute (HRI), Beijing's retaliation against Seoul's decision to station a Terminal High Altitude Area Defense (THAAD) battery here could cost Asia's fourth-largest economy 8.5 trillion won ($7.5 billion) in losses in 2017. This translates into the country's gross domes
Economy May 3, 2017
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Watchdog slaps 2.2 bln won fine on six department stores
Korea's corporate watchdog said Wednesday that it has slapped a combined 2.2 billion won ($1.94 million) in fines on six local department stores for abusing their power to control their subcontractors.The companies -- Shinsegae Department Store, Lotte Department Store, Hyundai Department Store, Hanwha Galleria, NC Department Store and AK Plaza -- were accused of refusing to give back written contracts to their suppliers, or forcing the suppliers to pay for interior remodeling, according to the F
Industry May 3, 2017
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Manufacturers to operate plants during May holidays
Korean manufacturers said Wednesday they will operate their plants as usual during the May holidays to avoid any production losses.For companies such as chipmaker Samsung Electronics Co., refiner SK Innovation Co. and steelmaker POSCO, it takes time and costs to resume operations in their production facilities following a full-scale halt for a certain period. Samsung Electronics has operated its chip assembly lines around the clock to meet growing demand for high-end products mainly used in hand
Industry May 3, 2017
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Premium product sales help LG sidestep Samsung in Q1 TV earnings
Strong sales of premium products allowed LG Electronics to beat out its main rival Samsung Electronics in the first-quarter TV market earnings race, data showed Wednesday.According to LG, its Home Entertainment (HE) division, which focuses on TVs, posted a record-high operating profit of 382.2 billion won ($338 million) in the January-March period. Its operating profit ratio reached 8.8 percent, the highest ever for the first three months of any year.Samsung Consumer Electronics (CE) division, w
Technology May 3, 2017
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