Archive for July, 2015

WeMakePrice Awards Stock Options to All 800 Staff

Social commerce website WeMakePrice has awarded stock options to all of its full-time staff. Social commerce websites offer discounts on goods and services made by a group of online customers.

CEO Park Eun-sang told staff at company headquarters on Monday that he wants both the company an… …read more

German Diplomat in N. Korea Among Passengers of Eurasia Express

[Culture] :

It has been revealed that an official of the German Embassy in Pyongyang and a Korean American …

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Why Even a Giant Like Samsung Can Topple

I bought an Apple Watch as it hit showrooms here late last month, although I had not worn a watch since I put my last one, a wedding gift, in the closet in 1999. I had no use for a watch since my phone was always there to tell me the time.

And yet Apple has somehow managed to put the watc… …read more

Rival Parties Lock Horns over NIS Hacking Allegations

[Politics] :

Rival political parties are locking horns over allegations of hacking by the National Intelligence Service (NIS).

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Greek PM Replaces Ministers

Greek Prime Minister Alexis Tsipras reshuffled his Cabinet Friday to replace ministers who voted against the tough austerity reforms demanded by Athens’ international creditors.

Tsipras made nine changes overall. Energy minister Panagiotis Lafazanis was replaced with former labor minister P… …read more

Gov't to Launch Consultative Body to Best Utilize AIIB

[Economy] :

The government will launch a consultative body in September to assist South Korean firms win …

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Korea Lags Behind Neighbors in Cutting-Edge Industry

Korea lags way behind its neighbors in future industries, even though businesses have no lack of curiosity and know-how.

Green cars are one example. Pre-orders for Toyota’s hydrogen fuel cell car Mirai, which was released late last year in Japan, amounted to 1,500 as of June, and the firm … …read more

Koreas Hold Talks on Gaeseong Wage Dispute

[Inter-Korea] :

The two Koreas are holding talks to settle the dispute over the wages of North Korean workers …

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Pyeongchang Should Learn from Gwangju's Universiade Success

The Gwangju Summer Universiade came to an end on Tuesday, with the city given high marks for its smooth hosting of the international sporting event that drew a record 13,000 athletes.

What stood out the most was that Gwangju’s cost-effective hosting did not skimp on fun for athletes, cult… …read more

S. Korea, US Discuss Anthrax Delivery in SOFA Meeting

[Politics] :

South Korea and the United States have discussed the recent shipment of a live anthrax sample to a …

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Iran Nuclear Deal Leaves N.Korea Exposed

International negotiations to end Iran’s nuclear weapons development program ended on Tuesday. A group of six nations led by the U.S. said they reached a historic accord in Vienna, Austria that would significantly limit Tehran’s nuclear ability in return for lifting international oil and financia… …read more

Korean Delegation Gathers Ahead of Special Olympics

The Korean delegation for the Special Olympics World Games in Los Angeles held a pep rally in Yeouido, Seoul on Monday.

A total of 131 members including 92 athletes, the chairwoman of the Special Olympics Korea Na Kyung-won and the head of the Korea Paralympic Committee Kim Sung-il attend… …read more

Fitch Maintains S. Korea's Sovereign Rating at AA-

[Economy] :

A global credit rating agency has maintained South Korea’s sovereign rating at AA- and its outlook at stable.

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Foreign Minister Thanks Ethiopia for Korean War Participation

[Politics] :

Foreign Minister Yun Byung-se says the sacrifices made by Ethiopian war veterans contributed …

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Official End to MERS Outbreak Expected Next Month

No new infections of Middle East Respiratory Syndrome have been reported since July 4, health officials said Sunday. Two more people have been completely cured and released from hospital. So far, MERS has claimed 36 lives, while 20 people are still being treated in isolation wards.

As the … …read more

[Universiade 2015] S. Korean Footballers Beat Brazil to Head to Finals

[Politics] :

South Korea performed steadfast on the ninth day of this year’s Summer Universiade taking place in its southwestern city of Gwangju.

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Swiss: FIFA Official Agrees to Extradition to U.S.

One of seven FIFA officials arrested in Zurich as part of an American corruption probe has agreed to be extradited to the United States.

The official, who initially had contested his extradition, agreed to be extradited on Thursday. Swiss officials said they would not give details of when … …read more

Marine Energy to Supply 840MW of Power by 2025

[Economy] :

The government will raise the percentage of marine energy sources such as tidal energy and wave …

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Output at Kaesong Complex Soars

Factory output at the joint-Korean Kaesong Industrial Complex has soared this year despite cross-border conflict over the minimum wage for North Korean workers.

Output reached US$186 million during the January-April period this year, up about 25 percent on-year from $148 million, the Unifi… …read more

No New MERS Cases for Fifth Straight Day

[Domestic] :

No additional cases of Middle East Respiratory Syndrome (MERS) have been reported in South Korea …

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