Articles by 안성미
안성미
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Seoul, Washington discussing location of THAAD deployment
South Korea and the United States are discussing the possible location of the Terminal High Altitude Area Defense (THAAD) system that could be deployed in the country to deter North Korea's ever growing missile threats, military sources said Monday. According to sources, the possible candidates for the base of the THAAD system includes U.S. military bases in the southern city of Daegu or Pyeongtaek, some 70 kilometers south of Seoul. The interceptor missile systems and their related sensors
Diplomatic Circuit June 6, 2016
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Samsung chief Lee Kun-hee tops list of local equity holders
Samsung Electronics Co. Chairman Lee Kun-hee claimed the top spot among 23 holders of listed stocks worth more than 1 trillion won (US$843 million) as of last week, a local market research company said Monday. According to Chaebul.com, a total of 23 people held domestically traded stocks worth over 1 trillion won and their combined stock value reached 65.42 trillion won as of June 3, slightly down 1.1 percent from early this year. Chairman Lee maintained the No. 1 position with the value o
Industry June 6, 2016
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Vehicle sales by Hyundai, Kia exceed 30 million
Cumulative vehicle sales by Hyundai Motor Group exceeded 30 million in 54 years after it entered the car-making business, the automotive conglomerate said Monday. Since entering the market in 1962, Hyundai Motor Co. and Kia Motors Corp. sold a combined 30.03 million units -- 18.46 million by Hyundai and 11.57 million for Kia. The sister companies together form the fifth-biggest car-making group in the world. Their collective sales hit 10 million in 1996 and 20 million in 2007, and finally hi
Industry June 6, 2016
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S. Korea sets up new gov't team to promote Saemaeul Movement
South Korea will set up a special team that will systematically promote the spread of its rural development Saemaeul Movement in foreign countries, the government said Monday. According to the Ministry of Interior, the governmental team will move to establish a long-term road map to spread the initiative that has been lauded for mobilizing South Korean villagers to modernize the country's rural areas in the past that played a part in significant agricultural productivity growth. The movement
Politics June 6, 2016
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Households' overseas spending jumps 12.9 pct in Q1
South Korean households' overseas spending jumped 12.9 percent in the first quarter from a year earlier on increased outbound travel to neighboring countries, the central bank said Monday. Korean households spent 6.95 trillion won (US$5.9 billion) overseas in the January-March quarter, up from 6.16 trillion a year ago, showed data from the Bank of Korea (BOK). The quarterly data does not include local households' purchases through "direct buying" channels such as Aamazon.com and their expe
June 6, 2016
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N. Korea blasts Kenneth Bae's criticism of its ruling ideology
North Korean on Monday blasted a former Korean-American detainee who spent two years in its prison for criticizing the country's ruling ideology. The state-run Internet propaganda site Meari said Bae's speeches made at his recent book release events in South Korea and the United States defamed the country by calling the juche idea and Kim Il Sungism the pillars that support the repressive regime in power. Both juche or self-reliance, and Kim Il Sungism, named after the founder of the countr
North Korea June 6, 2016
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S. Korea, Cuba hold first foreign ministerial talks
South Korea and Cuba held their first foreign ministerial talks in Havana Sunday, breaking a decades-long absence of formal diplomatic exchanges between the two sides. South Korean Foreign Minister Yun Byung-se arrived in the Cuban capital a day earlier to attend a summit of the Association of Caribbean States. But the focus of his two-day stay was widely expected to be on relations between South Korea and Cuba, which have yet to establish formal diplomatic ties. Yun is the first South Korean
International June 6, 2016
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Dividends by KOSPI firms likely to exceed 21 tln won this year: report
Dividends payments by South Korean companies listed on the main stock market will exceed 21 trillion won (US$18 billion) this year as investors seek high-yielding assets away from low-yielding bank products, a brokerage report said Monday. Local companies traded on the benchmark KOSPI market are likely to pay 21.1 trillion won in cash dividends for the 2016 fiscal year, up from 20.4 trillion won paid in the previous business year, according to a report from Samsung Securities Co. The brokera
June 6, 2016
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Kerry: U.S., China stand firm against N. Korea's nuclear ambition
U.S. Secretary of State John Kerry said Monday that Washington and Beijing "stand firmly" on North Korea's defiant pursuit of nuclear weapons, calling for the North to stop all activities that escalate tensions on the Korean Peninsula. Kerry made the remarks at the opening of the two-day U.S.-China Strategic and Economic Dialogue (S&ED), which is the highest-level regular dialogue channel between the two countries. U.S. and China have been at odds over China's aggressive military behavior i
International June 6, 2016
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U.S., China open annual strategic talks amid tensions over S. China Sea
The United States and China on Monday opened annual high-level talks amid tensions over China's aggressive island-building activities in the South China Sea as well as trade disputes between the world's two largest economies. North Korea was also expected to be on the agenda for the two-day U.S.-China Strategic and Economic Dialogue (S&ED). The talks are the highest-level regular dialogue channel between the two countries. Representing the U.S. at the talks are Secretary of State John Kerry
International June 6, 2016
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Park urges Pyongyang to give up nukes in memorial speech
President Park Geun-hye said Monday that South Korea will join forces with the international community to induce North Korea to give up its nuclear weapons development program and return to the negotiation table during a Memorial Day speech. "North Korea must realize that the international community will roll out tougher sanctions as the regime clings to the development of nuke and missiles," Park said, adding the country will eventually fall into further isolation and self-destruction. The
Diplomatic Circuit June 6, 2016
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Banks' exposure to 3 shipbuilders, 2 shippers jump 4.8 tln won
South Korean banks' loans to the country's three biggest shipbuilders and two major shipping lines jumped 4.8 trillion won (US$4 billion) in the past two and a half years as they borrowed more to continue operations, data by a private corporate firm showed Monday. Bank loans extended to Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. climbed 4.5 trillion won to 50.54 trillion won at the end of April from 46.06 trillion won as of end-
Industry June 6, 2016
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Former PM says diplomats not suitable for domestic politics
A former South Korean prime minister who served late President Roh Moo-hyun said Monday that diplomats are not usually suitable for domestic politics, targeting the possible presidential bid by the incumbent United Nations secretary-general. "The talents of diplomats are not suitable for local politics.Although diplomacy is also important, they don't fit to the politics where tensions are high," former South Korean Prime Minister Lee Hae-chan said. "I have seen many diplomats, but none of them
Politics June 6, 2016
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N.K. expands work-hard campaign across the country: report
North Korea is moving to expand its second work-hard campaign launched this year as it pushes for more growth, state-run media reported Monday. Pyongyang has kicked off its "200-day campaign of loyalty" this month as part of its five-year economic development plan, unveiled by at the rare ruling Workers' Party of Korea (WPK) congress in early May. The drive comes on the heels of a 70-day work-hard drive that began earlier this year ahead of the key party gathering that helped solidify North
North Korea June 6, 2016
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Ruling, opposition at stalemate on parliamentary formation
South Korea's ruling and opposition parties remained at a stalemate a day before the deadline for the formal launching of the new National Assembly, political sources said Monday, casting concerns about the willingness of lawmakers to serve the people. The ruling Saenuri Party and the Minjoo Party of Korea have been wrangling over the formation of committees and who will name the speaker after the main opposition took one more seat than the ruling party in the 300-seat unicameral parliament fo
Politics June 6, 2016
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