Archive for February, 2017

Koreans to Have 69 Days Off Next Year

Koreans will get 69 holidays next year, one more day than this year. If Saturdays are counted, however, there will be 119 off days, the same as this year.According to the Korea Astronomy and Space Science Institute, there will be 52 Sundays and 15 annual public holidays in 2018.General elections sla… …

Merchants start tearing down South Korea’s largest dog meat market

The city of Seongnam in Gyeonggi Province and some merchants at Moran Market in Seongnam, South Korea’s largest dog meat market, started tearing down dog kennels and slaughterhouses on Feb. 27. This c.. …

Rival Parties Agree to Hold Extraordinary Assembly Session in March

[Politics] : Four ruling and opposition parties have agreed to hold an extraordinary parliamentary session next …[more…] …

S. Korea's food watchdog orders recall of U.S. grapefruit

South Korea’s food watchdog said Tuesday that it has ordered the recall of more than 20,000 tons of American grapefruit …

Legacy Mobile Phone Brands Attempt to Bring Back Heydays

The world’s legacy mobile phone brands such as Nokia, Motorola, BlackBerry, and Sony are attempting to bring back their heydays by releasing a string of new models at this year’s Mobile World Congress. HMD Global showcased three new smartphone models, including the Nokia 6, plus the upgraded version of the Nokia 3310, a conventional mobile phone which was sold more than 100 million units worldwide, during the MWC. HMD Global is a company set up by former Nokia executives. Nok… …

Ex-CIA chief warns against underestimating N. Korea's nuclear arsenal

WASHINGTON, Feb. 28 (Yonhap) — North Korea’s nuclear arsenal is believed to be more advanced and dangerous than many experts think, a former CIA director warned Tuesday, calling for urgent attention to the threats. James Woolsey, who served as CIA …

Korea, 6 African countries bolster agricultural cooperation

Agricultural experts from Korea and six African countries pose for a commemorative photo during talks in Korea from Feb. 21 to 24. The talks were hosted by the Rural Development Administration and aim …

KBS Begins Test Services of UHD Broadcast

[Culture] : KBS has begun test services of ultra-high-definition(UHD) terrestrial broadcasting ahead of its …[more…] …

Health authorities warn of possible MERS inflow

South Korean health authorities warned Tuesday there is still the possibility that Middle East Respiratory Syndrome can …

Independent Counsel Wraps up Investigation into Crony Scandal

Acting president Hwang Kyo-ahn on Monday refused to extend the mandate of the independent counsel investigating the massive corruption scandal that has brought President Park Geun-hye down. The probe ends on Tuesday. In a press statement, Hwang said, “After long consideration, I have decided not to… …

Craft Beer to Get Reprieve from Gov't Regulation

In the government’s plans to stimulate investment announced on February 27, there are proposals that will have a direct impact on consumers. These included relaxing regulations in the beer industry, expanding the number of shared parking spaces, and invigorating the eco-friendly car industry. As part of these plans, the government will reduce regulations on the beer market as a way to increase the competitiveness of the nation’s beer industry that’s notorious for producing bland beers. Curren… …

Yonhap News Summary

The following is the first summary of major stories moved by Yonhap News Agency on Tuesday. —————- BOK cautious about rate change, its chief says SEOUL — South Korea’s central bank said Tuesday it will maintain an accommodative …

New shareholders visit the Hankyoreh, hoping for media that creates a “happy world together”

“Some 60,000 people came together to make a newspaper owned by the public rather than an individual. What took place 29 years ago was something unprecedented anywhere in the world. That’s how this spa.. …

College Grads' Starting Annual Salary at Large Firms 38Mln Won

[Economy] : A survey finds South Korean college graduates hired by large firms this year will receive an …[more…] …

'Moonlight' Upsets 'La La Land to Take Top Oscar Prize - Best Picture

Barry Jenkins’ “Moonlight” — not, as it turned out, “La La Land” — won best picture at the Academy Awards in a historic Oscar upset and an unprecedented fiasco that saw one winner swapped for another while the “La La Land” producers were in mid-speech.Presenters Warren Beatty and Faye Dunaway appa… …

Prosecutors to indict up to 15 Tuesday as they wrap up probe into presidential scandal

Special prosecutors plan to indict up to 15 more suspects later this week on the final day of their investigation into a …

Korea's Auto and Electronics Industry to Get Hit Hard by Adoption of Border Tax

Analysts said there may be volatility coming in March as the U.S. Trump administration is set to introduce tax reform and border adjustment tax plans. In particular, the adoption of the border adjustment tax would likely cause negative repercussions on Korean exporters.Park Sang-hyun, analyst with HI Investment & Securities, said, “The border adjustment tax may affect the nation’s stock, bond, and foreign exchange market in significant ways. Countries with a high degree of reliance on the U…. …

FM Yun urges int'l cooperation to punish N. Korean leader

GENEVA, Feb. 27 (Yonhap) — South Korea’s foreign minister on Monday appealed to the international community for close cooperation to punish North Korean leader Kim Jong-un, citing a recent murder case highlighted by the use of toxic agents. It rep …

Malaysia: Poisoning of Kim caused paralysis, quick death

KUALA LUMPUR (AP) — Malaysia’s health minister said Sunday that the dose of nerve agent given to North Korean ruler Kim …

Household Debt Soars Way Above Economic Growth

Korea’s household debt swelled to a record W1,344 trillion last year, up by an unprecedented W141.2 trillion from the year before (US$1=W1,132). The 11.7 percent growth rate of household debt is four times higher than Korea’s 2.6 percent economic growth rate.Bank loans grew only 9.5 percent last yea… …