Archive for March, 2016

EU, Turkey, Reach 'Landmark' Deal on Migrant Crisis

The European Union and Turkey agreed Friday on a deal that all sides hope will relieve Europe’s worst refugee crisis since World War II.
European Council President Donald Tusk and Turkish Prime Minister Ahmet Davutoglu called it a “landmark” agreement. The prime minister said Friday was a “historic … …read more

China Urges N. Korea to Abide by UN Resolutions

[International] : China has urged North Korea to abide by UN Security Council resolutions after the North fired two mid-range ballistic missiles into the East Sea on Friday.
[more…] …read more

One in Four Households Keep Cash at Home, Survey Finds

One in four households in Korea store cash at home, with the stored amount averaging around W700,000, and W50,000 notes accounting for most of the cash, according to a recent survey (US$1=W1,170).
The Bank of Korea said Wednesday that its survey found that 27 percent of respondents kept an average … …read more

Ruling Party’s In-House Feud over Slate Intensifies

[Politics] : The ruling Saenuri Party’s in-house feud over finalizing its slate of candidates for the April …[more…] …read more

Major Oil Producers to Talk Output Freeze in Qatar in April

OPEC member states and other major oil producers are planning to meet next month to discuss a freeze in oil output levels, Qatar’s top energy official said Wednesday.The planned gathering, which builds on earlier talks that included major suppliers Russia and Saudi Arabia, reflects a growing sense o… …read more

Go Champion Concedes Defeat to Proto AI

Google’s proto-artificial intelligence program AlphaGo on Tuesday sealed its victory over Baduk or Go champion Lee Se-dol with a narrow fourth win in the best-of-five series.
Lee resigned after 280 moves in the final match at the Four Seasons Hotel in downtown Seoul.Some Go and AI experts had not b… …read more

President Park to Attend Nuclear Security Summit

[Politics] : President Park Geun-hye will visit Washington at the end of this month to attend this year’s …[more…] …read more

Obama Calls for Strict Implementation of N. Korea Sanctions

[International] : U.S. President Barack Obama has vowed to enforce the latest set of sanctions against North Korea …[more…] …read more

Samsung Ranked World’s 3rd Most Valuable Brand

Samsung has been named the world’s third most valuable brand, according to Brand Finance on Monday.
Samsung’s overall value rose some 1.8 percent to US$83.2 billion on-year, edging out Amazon with $69.6 billion and Microsoft with $67.2 billion, the U.K. brand valuation firm said.
Apple ranked firs… …read more

Golfer Chun In-gee To Miss Another Tournament Due to Injury

Chun In-gee will not participate in the JTBC Founders Cup, as she is still recovering from the injury that forced her out of the HSBC Women’s Champions tournament earlier this month.
Chun’s agency said Friday that the golfer had been receiving treatment since returning to Korea last Tuesday. She de… …read more

High-Value Bank Account Balance Reaches Record High

[Economy] : The total amount of money deposited into high-value South Korean bank accounts that hold at least one billion won has surpassed 500 trillion won for the first time.
[more…] …read more

AlphaGo Scores 3rd Win Against Go Champion

[Science] : The South Korean grandmaster of the board game Go has lost to artificial intelligence in a historic …[more…] …read more

EU Members Urged to Admit 6,000 Migrants Monthly

The European Union on Thursday called upon member states to take up to 6,000 migrants a month from Greece and Italy.
European Migration Commissioner Dimitris Avramopoulos said EU nations had taken in fewer than 900 migrants from an overburdened Greece and Italy out of an initial 160,000 they had agr… …read more

More N. Korean Residents in Japan Obtain S. Korean Nationality

[International] : The number of North Korean nationals residing in Japan is reportedly decreasing every year.[more…] …read more

N.Korea Lobs Short-Range Missiles into East Sea

North Korea fired two short-range missiles into the East Sea on Thursday in a show of protest against the ongoing joint military drills between South Korea and the U.S., the Joint Chiefs of Staff here said.
The missiles are presumed to be Scuds.
The launches follow North Korea’s claim on Wednesday… …read more

UN Chief Urges N. Korea to Adhere to UNSC Resolution

[International] : United Nations Secretary-General Ban Ki-moon has urged North Korea to comply with relevant UN …[more…] …read more

US Deploys 3 B-2 Bombers to Asia-Pacific

[International] : The United States has deployed three B-2 stealth bombers to the Asia-Pacific region as tensions …[more…] …read more

Macedonia Closes Border to Migrants

Thousands of migrants trying to reach northern Europe are now stranded in Greece after Macedonia closed its border Wednesday, police officials said.The decision comes a day after Slovenia, Croatia and Serbia closed their borders to transiting migrants, with exceptions being made only for asylum-seek… …read more

Seoul Blacklists Top N.Korean Officials

Seoul on Tuesday blacklisted senior North Korean officials including Kim Yong-chol, who was allegedly responsible for the sinking of the Navy corvette Cheonan and the shelling of Yeonpyeong Island in 2010.
South Korea will also bar any ships that have docked in North Korean ports in the last six mo… …read more

Leon Panetta: THAAD to be Deployed to S. Korea in a Year

[International] : Former U.S. Secretary of Defense Leon Panetta has said the U.S. Terminal High Altitude Area Defense(THAAD) system would likely be deployed to South Korea within a year.[more…] …read more