Archive for December, 2015

Top Office Concerned of False Rumors about Sex Slavery Settlement

[Politics] :

The presidential office has expressed concern over what it calls groundless rumors about Seoul and …

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S. Korea to Launch Lunar Exploration Project Next Year

[Science] :

South Korea will launch a lunar exploration project next year.

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Venture Businesses Form Fresh Growth Engine

Venture businesses have emerged as a driving force of the Korean economy as they have grown in both quantity and quality.
The Small and Medium Business Administration on Monday announced achievements in management, job creation and technology innovation for venture businesses.
They sampled 2,227 o… …read more

Air Passenger Traffic Grows 14% in November

[Economy] :

Air passenger traffic jumped 14 percent last month thanks to a growth in flights by low-cost …

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Tips for Staying Healthy When Eating Alone

People who live alone tend to buy foods that are simple to cook and eat as it is often uneconomical to buy ingredients for one person and deal with leftovers.
According to figures from Statistics Korea earlier this month, one-person households presently account for 27.1 percent of the total. This m… …read more

200th Overseas Paris Baguette Opens in China

The SPC Group opened its 200th overseas Paris Baguette in Shanghai on Monday.
With the opening, the brand became the first Korean bakery chain to achieve the feat. It opened its first overseas store in the Gubei area in Shanghai in 2004.Paris Baguette now has 139 stores in China, 45 in the U.S., ei… …read more

S. Korea Signs Formal Contract for KF-X Jet Development Project

[Politics] :

The Defense Acquisition Program Administration (DAPA) and the Korea Aerospace Industries (KAI) have …

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Monday the Coldest Day This Winter

Monday will likely be the coldest day this winter, with the cold snap persisting amid strong winds across the country.
Temperatures dropped further and strong winds are adding their chill effect to already freezing conditions, the Korea Meteorological Administration said.
Temperatures dropped to -9… …read more

1/4 Recent College Grads Not in Education, Employment, Training

[Economy] :

A new study says one in four recent college graduates in South Korea is neither employed nor in …

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US Think Tank: Korea-US Alliance To Remain Key Stabilizing Force After Unification

[International] :

A U.S. think tank has predicted that the South Korea-U.S. alliance will continue to serve as a key …

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Chinese Bank Offers $7.7B in Aid to Restive Xinjiang

Minsheng Banking Corp., China’s largest private bank, will provide 50 billion yuan ($7.73 billion) in financial support to China’s violence-prone far western region of Xinjiang over the next five years, state media said on Friday.
Hundreds of people have been killed over the past few years in resour… …read more

Seoul, Tokyo to Hold Ministerial Meeting Sunday on Sexual Slavery Issue

[Politics] :

Foreign ministers of South Korea and Japan will hold a meeting on wartime sexual slavery issue, …

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More Chinese Cities Issue Pollution Red Alerts

Ten Chinese cities were on red alert for air pollution Thursday, as China continues to suffer through a wave of extremely poor air quality that prompted Beijing earlier this week to order factories to reduce production, close schools, and order drastic reductions in road traffic.
Beijing issued its … …read more

Ex-Spy Chief Registers as Preliminary Candidate as Independent

[Politics] :

Former spy agency chief and lawmaker Kim Man-bok, who was expelled from the ruling Saenuri Party, has registered as a preliminary candidate for the April general elections as an independent.

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Liam Neeson Donates Symbolic Sum for Korean Reunification

Liam Neeson is donating US$1,515 to a fund preparing for Korean reunification (US$1=W1,177).
The Hollywood star, who is to play Gen. Douglas Macarthur in a patriotic movie about the Korean War, worked out the sum as $915 from Sept. 15, the date of the amphibious Incheon Landing in 1953, and US$10 p… …read more

Consumer Sentiment Deteriorates due to US Rate Hike

[Economy] :

Consumer sentiment has turned negative for the first time in six months due to an interest rate …

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More Koreans Spend Christmas Alone

A growing number of Koreans are spending their time off alone. Statistic Korea data for 2015 showed that 56.8 percent of people over 15 or above usually spend their time off work alone, up more than 12 percentage points from 44.1 percent in 2007.
The proportion who spend their holidays or time off … …read more

BOK Governor: S. Korea Won't Immediately Follow US Rate Hike

[Economy] :

Bank of Korea Governor Lee Ju-yeol says a U.S. interest rate hike won’t immediately lead to an …

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Hankook to Supply Tires for Latest Mercedes-Benz Trucks

Hankook Tire will supply tires for the Mercedes-Benz Actros and Atego, the company said on Tuesday.
Hankook has been a supplier for Mercedes-Benz trucks since 2014.
It hopes the new deal will strengthen its partnership with the German carmaker, which is the largest player in the European auto marke… …read more

Opposition Party Criticizes Cabinet Reshuffle

[Politics] :

The main opposition New Politics Alliance for Democracy (NPAD) has criticized Monday’s Cabinet …

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