Archive for March, 2017

Korea cooperates on science, technology with UK, Ukraine

The Ministry of Science, ICT and Future Planning and the U.K.’s Department for Business, Energy and Industrial Strategy discuss ways to further enhance mutual cooperation on science and technology, du …

Wage Gaps Hits Fresh Record

The wage gap between workers in major conglomerates and small and mid-sized companies, and between regular and non-regular workers reached a new record in January, the Ministry of Employment and Labor said Thursday. The wage gap between workers in big conglomerates and SMEs stood at W3.31 million in… …

Kim Jong-nam's Body Leaves Beijing for Pyongyang

[International] : Two North Koreans suspected of involvement in the murder of Kim Jong-nam have returned to …[more…] …

[Photo] Kim Jong-nam’s corpse to be transported to N. Korea

A car enters a hospital in Kuala Lumpur, Malaysia, apparently carrying the corpse of Kim Jong-nam for transport to North Korea, older brother of North Korean leader Kim Jong-un, Mar. 30. Kim Jong-nam .. …

Park placed behind bars over corruption scandal

Just three weeks ago, Park Geun-hye called the presidential palace her home. In a dramatic downfall, the former presiden …

(2nd LD) South Gyeongsang Province Gov. Hong wins Liberty Korea Party's presidential nomination

(ATTN: UPDATES throughout with new info) SEOUL, March 31 (Yonhap) — South Gyeongsang Province Gov. Hong Joon-pyo on Friday clinched the presidential nomination of the conservative Liberty Korea Party for the May 9 election, bracing for an uphill batt …

Galaxy S8-related Component Stocks Fluctuate Sharply

With the arrival of Samsung Electronics’ brand-new smartphone Galaxy S8, the related component stocks fluctuated sharply. On March 30, the share price of Anam Electronics closed at 4,280 won, up 17.42 percent or 635 won from the previous day. During the trading hours, it surged to 4,430 won, renewing its one-year high. Anam Electronics supplies audio products to Harman Kardon, a subsidiary of Harman of the United States. The Galaxy S8 which was unveiled in New York a day ago is offered… …

Twitter Eases 140-character Limit in Replies

Twitter has found more creative ways to ease its 140-character limit without officially raising it. Now, the company says that when you reply to someone — or to a group — usernames will no longer count toward those 140 characters. This will be especially helpful with group conversations, where rep… …

Naver Unveils Autonomous Car at Seoul Motor Show

[Domestic] : South Korea’s top portal and search engine company, Naver, has unveiled a self-driving car at the …[more…] …

Chronology of major events in Park Geun-hye's life

SEOUL, March 31 (Yonhap) — The following is the chronology of the major events in the life of Park Geun-hye leading to her arrest on Friday. Feb. 2, 1952: Born in Daegu, South Korea Dec. 17, 1963: Father Park Chung-hee sworn in as South Ko …

“Blanket wage system” means employees get stuck doing overtime for free

The employment contract of “K,” who works as a developer at an IT company in Seoul‘s Guro Digital Complex, mentions a “fixed overtime allowance,” which assumes two hours of overtime every day. This co.. …

N.Korea says body of murder victim to return in deal with Malaysia; travel bans lifted

North Korea on Thursday said it had reached agreement with Malaysia for the return of the body of a citizen killed in  K …

Daewoo Shipbuilding's Liquidation Value Turns out Merely at 5.6 Tril. Won

An analysis showed that if the debt-ridden Daewoo Shipbuilding & Marine Engineering goes bankrupt, its liquidation value is estimated at only 5.6 trillion won. The liquidation value is equivalent to about a third of the book value of its assets which was estimated at more than 15 trillion won. The shipyard has debts of 21.5 trillion won owed to its creditors, including commercial banks. If the shipbuilder goes bankrupt, its creditors could suffer a loss of up to 80 percent of their… …

Korea strengthens partnership with Egypt, India

Korea has solidified its economic and diplomatic ties with Egypt and India. On March 25, First Vice Minister of Foreign Affairs Lim Sung-nam discussed ways to further enhance the Korea-Egypt compr …

N.Korean Missiles Target U.S. Reinforcements

The short-term objective of North Korea’s frantic missile development is to prevent U.S. troop and weapons reinforcements from reaching the Korean Peninsula in the event of war, analysis suggests.North Korea launched 46 missiles since leader Kim Jong-un came to power in 2012, often at high angles or… …

JCS: North Could Conduct Different Type of Nuclear Test

[Politics] : The Joint Chiefs of Staff(JCS) says North Korea could conduct a different type of nuclear test from …[more…] …

Liberal parties urge Park's arrest as conservatives demand leniency

SEOUL, March 30 (Yonhap) — Liberal political parties called for former President Park Geun-hye’s arrest Thursday, demanding what they called justice and fairness in the investigation over her allegations that have already led to the arrest of her frie …

Gangwon Province’s Legoland theme park plan beset by flaws and complications

A Gangwon Province project to build a Legoland theme park on Chuncheon’s Jung Island is facing multiple threats. “LL Development and the Doosan Consortium, which are carrying out the Legoland project.. …

Moon scores victory in An’s home turf

Moon Jae-in of the main opposition Democratic Party of Korea claimed a victory in the party’s second primary race Wednes …

Competition to Build Skyscapers Rages on in Asia...Lotte World Tower Set to Join the Race

Oshiage in Tokyo’s Sumida Ward used to be one of the less developed areas in the city, with nothing notable except the rolling stock depot and subway station. But the district’s landscape changed for good in May 2012 when Tokyo Skytree whose height is 634 meters opened its door to the general public. The area now boasts the daily foot traffic of more than several hundreds of thousands from fewer than 10,000 before the skyscraper. The number of foreign visitors has increased to 5.5 million a y… …