Archive for January, 2016

S. Korea to Introduce Omnibus Account for Foreign Traders

[Economy] : South Korea will introduce an integrated account system for foreign traders in May.[more…] …read more

WSJ Drops 'Next Week' from Report on S. Korea-US THAAD Negotiation

[International] : The Wall Street Journal(WSJ) deleted the timing of a possible announcement by the U.S. …[more…] …read more

Obama: A Democrat Will Be Next U.S. President

U.S. President Barack Obama has told fellow party members he is certain a Democrat will be the next president of the United States.
Speaking Thursday in Baltimore, just north of Washington, the president said, “Democrats will win in November and we will have a Democratic president succeeding me — j… …read more

Gov't: US Senate Bill Reflects Consensus on Need for Strong Response on N. Korea

[Politics] : The government said that a stronger sanctions bill on North Korea passed by …[more…] …read more

Naver Breaks W3 Trillion Sales Barrier

Korea’s Leading online portal Naver has become the first dot-com in the country to achieve more than W3 trillion in sales (US$1=W1,207).
Naver in an earnings report Thursday said sales totaled W3.25 trillion last year, while operating profit stood at W762.2 billion. Sales rose 17.9 percent and oper… …read more

US Senate Foreign Relations Committee Approves Broader N. Korea Sanctions

[International] : The U.S. Senate’s Foreign Relations Committee on Thursday unanimously passed a bill widening …[more…] …read more

S.Koreans Must Discuss Acquiring Nuclear Arms

The foreign ministers of the U.S. and China failed to reach agreement on Wednesday on how to deal with North Korea after its recent nuclear test.
U.S. Secretary of State John Kerry said Washington and Beijing agreed on the “need for a UN resolution” to impose sanctions but failed to provide details… …read more

Speaker Set to Submit Assembly Law Revision to Revive Fast-Track Legislation

[Politics] : The parliamentary speaker is set to introduce a compromise bill to revise the controversial …[more…] …read more

Judge Orders Hotel Heir Conrad Hilton into Drug Treatment

Hotel heir Conrad Hilton has been ordered into substance abuse treatment after failing drug tests and violating his probation. City News Service says a Los Angeles judge on Tuesday ordered Hilton into a residential treatment program for at least 90 days. The judge rejected a request by authori… …read more

Kia Rolls Out New K7 Sedan

Kia released the completely revamped version of the K7 sedan on Tuesday. The carmaker received over 7,500 pre-orders for the new model over the past two weeks.
The sedan features a roomier interior than its predecessor and comes with a premium audio system by the U.S. manufacturer Krell. It also has… …read more

President Park Geun-hye Mulling Visit to Iran

[Politics] : President Park Geun-hye is mulling over visiting Iran after the international community lifted …[more…] …read more

Resumption of Flights at Jeju Lets 23,000 Fly

[Domestic] : Thousands of travelers who have been stranded on Jeju Island due to unusually cold weather and snow …[more…] …read more

S. Korea, Serbia Sign Agreement to Prevent Double Taxation

[Economy] : South Korea and the Republic of Serbia have signed an agreement on the prevention of double taxation.[more…] …read more

US Supports Park's Proposal to Hold 5-Way Nuke Talks

[International] : The United States has expressed support for President Park Geun-hye’s proposal to hold five-way …[more…] …read more

Report: Google Paid Apple $1 Billion to be Default Search on iPhone, iPad

Search giant Google reportedly paid archnemesis Apple $1 billion to remain the default search engine for Apple’s mobile devices, according to a report by Bloomberg News.
Bloomberg made the claim based on court documents in a copyright lawsuit filed by Oracle Corporation against Google.
Google, which… …read more

Kyodo: US Seeks Robust Sanctions on N. Korea Including Oil Ban

[International] : Japan’s Kyodo news agency reports that the United States has sounded out China and other countries about banning oil exports to North Korea as part of new U.N. sanctions against the regime’s fourth nuclear test.[more…] …read more

U.S. Gov't Warned of Nuclear Arms Race in Northeast Asia

Failure by the U.S. government to respond properly to North Korea’s nuclear threat could prompt a nuclear arms race in Northeast Asia, an American think tanks warns.
“By extending the U.S. nuclear umbrella, [Washington] has assured allies that should they face a nuclear threat, the United States wou… …read more

Culture Minister Vows to Expand Hallyu Visas

[Politics] : Minister of Culture, Sports and Tourism Kim Jong-deok says plans are in place to attract 20 million …[more…] …read more

U.S. Wants China to Act on N.Korean Nuke Program

The U.S. apparently remains inclined to keep the North Korean nuclear problem at arm’s length and let China take the brunt. On Wednesday, U.S. Deputy Secretary of State Tony Blinken said China has a “special role” to play in its “special relationship” with North Korea.
Blinken was talking to reporte… …read more

Gov't Official: Pyongyang Proposed Meetings with S. Korean Civilian Groups after Nuke Test

[Politics] : A government official has said North Korea proposed meetings with South Korean civilian organizations a day after its fourth nuclear weapons test conducted earlier this month.[more…] …read more