Archive for October, 2016

JCS Chief Calls for Review on Introducing Nuclear-powered Submarines

[Politics] :  Joint Chiefs of Staff Chairman General Lee Sun-jin says it’s necessary to review the possible …[more…] …read more

Wage Gap Opens Up in 'Safe' Professions

Some lawyers and accountants are struggling despite their traditionally “safe” profession, and the wage gap even within these occupations is widening.
Some 4,609 professionals except doctors reported annual incomes of less than W24 million or W2 million a month, according to data the National Tax S… …read more

Pew Poll: 55% of Chinese Have Favorable View of S. Korea

[International] : More and more Chinese people are coming to like South Korea, if a new survey is anything to go …[more…] …read more

Daewoo Shipbuilding to Lay Off Another 1,000 Workers

Cash-strapped Daewoo Shipbuilding and Marine Engineering will lay off around 10 percent of its workers through voluntary retirement. “We plan to accept applications from workers who have been with the company for more than 10 years and aim to lay off about 1,000 employees,” a spokesman said.Total st… …read more

Hyundai Unionists to Stage General Strike if Gov't Orders Emergency Aribitration

[Economy] : Unionized workers at the Hyundai Motor Group have decided to stage a general strike if the …[more…] …read more

Korea Needs Urgent Plan to Nurture Scientists

Japanese biologist Yoshinori Ohsumi has won the 2016 Nobel Prize in medicine for research on how the body’s cells deal with and recycle waste, the 22nd Japanese scientist to win the Nobel.
Korea by contrast allocates 4.15 percent of its GDP to research and development, the biggest chunk in the G20,… …read more

Freight Trains Operating at 40% of Normal Capacity

[Domestic] : Freight trains are operating at only about 40 percent of normal capacity on the eighth day of a …[more…] …read more

Nimbys in THAAD Spat Must Honor National Interest

A golf course owned by Lotte Group in Seongju, North Gyeongsang Province has been chosen as the location for a missile defense battery from the U.S., but locals are having none of it. Buddhists are also up in arms, claiming that the Terminal High-Altitude Area Defense battery will be too close … …read more

Prices of Imported Beef Rise Sharply

[Economy] : As the price of Korean beef is skyrocketing, prices of imported beef are also rising sharply.[more…] …read more

New York Orders Halt to Trump Foundation Fundraising

New York state’s top legal official on Monday ordered the charitable foundation headed by Republican presidential candidate Donald Trump to immediately stop soliciting contributions because it was not registered to seek public donations.Attorney General Eric Schneiderman said that unless the Trump F… …read more

Volkswagen to Pay Dealers $1.2 Billion in Emissions Cheating

Volkswagen has agreed to pay its U.S. dealers up to $1.2 billion to compensate them for losses they said they suffered as a result of the company’s emissions cheating scandal, according to a settlement agreement filed Friday in federal court in San Francisco.
Under the terms of the deal, dealers can… …read more

'One of THHAD Batteries in Texas to be Deployed in Seongju'

[Politics] : One of THHAD battery units deployed at a United States Army base in Texas will reportedly be deployed in Seongju County, North Gyeongsang Province.[more…] …read more

'Russia Seizes Illegally Operating N. Korean Fishing Boat'

[International] : A regional news agency in the Russian Far East has reported that a small North Korean fishing vessel that was illegally operating in Russian waters was seized and detained on Tuesday.
[more…] …read more