Articles by 배현정
배현정
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KDB, Eximbank to extend conditional help to Daewoo shipbuilder
South Korea's two main policy lenders announced plans Thursday to provide Daewoo Shipbuilding & Marine Engineering Co. (DSME) with financial support worth a total of 3.2 trillion won (US$2.7 billion), urging the firm's labor union to refrain from taking collective actions and support its restructuring efforts.The Korea Development Bank (KDB), a main creditor of the troubled shipyard, said it will convert 1.8 trillion won of debt into equity. The Export-Import Bank of Korea (Eximbank) also plans
Nov. 10, 2016
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Park calls for sweeping reshuffle of presidential staff
President Park Geun-hye late on Friday called for the resignation of her senior secretaries en bloc, apparently giving in to the mounting public censure over an unprecedented political scandal of her confidante allegedly meddling in state affairs.The urgent action came amid crushing approval ratings, which most of the key surveys showed to have dipped to a critical 10 percent range this week, and also shortly ahead of a massive candlelight rally scheduled in central Seoul to demand for Park’s re
Politics Oct. 29, 2016
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Policeman killed in gunfight with criminal suspect
A police officer was killed in a gunfight with a criminal suspect in northern Seoul and the suspect involved in the shooting has been apprehended, law enforcement authorities said Wednesday.In the gunfight that began at around 6:30 p.m. in front of a tunnel near Beon-dong in northern Seoul, the 45-year-old suspect, identified only by his family name Seong, opened fire with a privately manufactured gun, according to the police.The police responded to a report that the suspect had attacked his nei
Social Affairs Oct. 19, 2016
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N. Korea biggest challenge to missile non-proliferation: Seoul
North Korea's advancing ballistic missile programs pose the biggest challenge to the international regime for controlling the proliferation of missile technology, a high-ranking South Korean official said Wednesday. "Today, North Korea's ballistic missile program is undoubtedly the biggest challenge" facing the Missile Technology Control Regime (MTCR), Vice Foreign Minister Lim Sung-nam said in his opening remarks at the 30th MTCR general meeting held in the southern port city of Busan. The MTCR
North Korea Oct. 19, 2016
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Hyundai Motor chairman visits US branch
The chief of South Korea's top automaker Hyundai Motor Group on Tuesday called for strengthened efforts to develop luxury, environmentally friendly and sports utility vehicles to catch up with the latest market trends.Group Chairman Chung Mong-koo made the calls during his visit to the US sales branch and a design center in California. Chung said the future-oriented strategy is needed to further expand Hyundai's presence in the US market, the world's second-largest auto market. Hyundai Motor ch
Industry Sept. 6, 2016
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Park, Obama stress China's role on N.K. nukes, sanctions
VIENTIANE, Laos (Yonhap) -- The leaders of South Korea and the United States on Tuesday stressed China’s role in enforcing sanctions against North Korea and resolving the communist state's nuclear conundrum, saying the allies would continue communications with Beijing.During their summit in the Laotian capital of Vientiane, President Park Geun-hye and her U.S. counterpart Barack Obama reaffirmed that the allies would mobilize "all possible means" to counter Pyongyang's continued provocations, wh
Politics Sept. 6, 2016
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S. Korea to toughen punishment against protesters wearing masks
South Korea's top court has approved a new set of sentencing guidelines on Monday that call for, among other things, strengthened punishment for those who wear masks during rallies.The Supreme Court said it will receive reviews on its guidelines from the justice ministry and other relevant organizations before finalizing the guidelines.stock image(123rf)Under the guidelines, those who wear masks during rallies could face up 18 months in prison.Just 10 months ago President Park Geun-hye vowed not
Social Affairs Sept. 5, 2016
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4th S. Korean patient appears to have contracted cholera in Philippines
A fourth South Korean cholera patient appears to have been infected with the waterborne virus during a recent trip to the Philippines, health authorities said Monday.South Korea's Centers for Disease Control and Prevention said an analysis of genetic fingerprinting of the 46-year-old man showed that his genotype matched 93 percent with that of a patient who was infected with cholera after a trip to the Philippines in 2005.The CDC said it believes that the fourth patient contracted cholera in the
Social Affairs Sept. 5, 2016
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Experts divide over S. Korea's nuke armament
Scholars, former government officials and politicians on Monday voiced differing views on whether or not Seoul should pursue a nuclear armament strategy, amid the rising calls from hawkish lawmakers from the ruling Saenuri Party that the country must take all steps to protect itself from Pyongyang's growing threat.The conflicting views came as North Korea conducted its fourth nuclear test early this year, while continuing to take military action, including the launch of a submarine-launched ball
North Korea Sept. 5, 2016
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Unification minister to attend denuclearization forum in Kazakhstan
South Korea's Unification Minister Hong Yong-pyo, Seoul's point man on Pyongyang, left for Kazakhstan on Saturday to join a forum on denuclearization, his ministry said.The two-day conference, titled "Building a Nuclear Weapon-Free World," will open in the capital city of Astana on Sunday for discussions on ways toward nuclear nonproliferation and disarmament.It is to commemorate the 25th anniversary of the closing of the Semipalatinsk test site, which was the primary nuclear test venue for the
North Korea Aug. 27, 2016
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Parliamentary think tank urges caution against Google's map request
South Korea's parliamentary research body on Saturday defended the country's restrictions on the use of government-supplied maps abroad against Google's controversial map request.In a report, the National Assembly Research Service said the government should prudently review the impact to national security.The U.S. Internet giant has sought permission to take government map data off the peninsula for use in servers worldwide.Google claims that it's necessary to offer full GPS and other mapping se
Politics Aug. 27, 2016
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N. Korea submarine missiles not ready until 2018: experts
Seoul (AFP) -- North Korea is making progress on a submarine-launched ballistic missile system but any deployment of the technology is years away, a US think tank said, as the UN Security Council promised action over Pyongyang's latest test.The US-Korea Institute at Johns Hopkins University said late Friday on its closely-watched website, 38 North, that the success of North Korea's SLBM test this week suggests the program may be progressing faster than originally expected."However, this does not
North Korea Aug. 27, 2016
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Samsung to release Galaxy Note 7 in China next month
Samsung Electronics Co. of South Korea has started receiving pre-orders for its new Galaxy Note phablet from Chinese customers, company officials said Saturday.The Galaxy Note 7 is scheduled to go on sale on Sept. 1, with a price tag of 5,988 yuan, or one million won (US$897).It features 4GB of RAM and 64GB of flash memory storage, the same as those sold in other markets such as South Korea, the United States and Europe.The fresh phablet has attracted keen global attention with an iris recogniti
Technology Aug. 27, 2016
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UNSC condemns N. Korea's missile launches: report
The United Nations Security Council (UNSC) condemned North Korea's four recent ballistic missile launches and agreed to take "significant" measures against Pyongyang, the Ministry of Foreign Affairs said Saturday.The council issued a press statement strongly denouncing North Korea's missile tests in a unanimous decision reached on Friday (New York time), the ministry said.On Aug. 24, North Korea fired a submarine-launched ballistic missile (SLBM) from the East Sea, prompting the council to hold
North Korea Aug. 27, 2016
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White House: U.S. deeply concerned about N. Korea
The United States is deeply concerned about the human rights situation in North Korea and the country's nuclear and missile programs, the White House said Friday, local time."The United States and the rest of the international community is deeply concerned about the human rights situation inside of North Korea," Josh Earnest, press secretary at the White House, said in a regular briefing. "We also have deep concerns about the continued willingness of the North Korean regime in provocative action
North Korea Aug. 27, 2016
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