Archive for March, 2017

Korea shares health care policies with Central, South America

Government officials from Argentina, Chile, Costa Rica, Peru, Brazil and Mexico pose for a photo during the fifth K-Pharma Academy, held at the Ministry of Food and Drug Safety in Cheongju, Chungcheon …

Can Korea Escape the Middle-Income Trap?

Korea’s per-capita gross national income was tallied at US$27,561 last year, still short of the $30,000 goal it had been aiming at for a decade (US$1=W1,113). Real GDP growth stood at only 2.8 percent.A per-capita GNI of $30,000 is a bellwether determining that a country has joined the ranks of adva… …

Survey: Seoul is Malaysians' Top Tourist Destination

[Domestic] : Malaysians counted Seoul, Jeju Island and Busan as their most preferred tourist destinations in South Korea. [more…] …

Ex-opposition chief’s moves kindle talks on new political power group

Kim Chong-in, a former interim chief of the main opposition Democratic Party, on Tuesday added momentum to the groundwor …

No. of Bank Tellers and Branches on Steep Decline

As online and mobile banking is gaining rising popularity, the number of bank tellers, branch offices and ATM’s is declining at a rapid pace. According to the Financial Services Commission on March 28, the number of employees hired by the nation’s banking industry totaled 114,775 as of the end of 2016, down by 2,248 from a year ago. This was the largest annual decline in six years since 2010 (2,372). The number of bank branches and ATM’s also marked the steepest decline since… …

Operation to move Sewol to shore enters final phase: gov't

SEJONG, March 29 (Yonhap) — Efforts to transport the ill-fated ferry Sewol to shore are entering their final phase, the government said Wednesday, despite bad weather temporarily interrupting operations. “We will finish fixing the Sewol to the sem …

Remains from Sewol Ferry Confirmed as Animal Bones

[Domestic] : The bones found by Sewol ferry salvage crews have been confirmed to be animal bones, not human …[more…] …

(LEAD) N. Korean nuclear test may be imminent: 38 North

(ATTN: UPDATES with State Department comments) WASHINGTON, March 28 (Yonhap) — Fresh satellite imagery suggests North Korea has laid communication cables at its nuclear test site in a strong indication that test preparations are in the final stage, a …

Experts say measures to prevent smoking can also boost the economy

Experts from South Korea and other countries argue that government intervention is needed in the tobacco industry because there is insufficient information about the risks of smoking and because secon.. …

Remains found not of Sewol victims

Pieces of bones found during the South Korean government‘s ongoing salvage operation of the sunken Sewol ferry turned ou …

Sales of Korea's Top 10 Companies Fall for Three Straight Years

The combined revenue of Korea’s top-ten companies, including Samsung Electronics, declined by 2.5 percent last year compared to a year ago. Last year marked the third consecutive year in which the revenue declined following the negative growth of 3.5 percent in 2014 and 6.6 percent in 2015. These companies’ combined operating profit, however, registered a positive year-to-year growth of more than 21 percent last year. The decline in the sales of the nation’s flagship companies, despite… …

Ex-U.S. Ambassador Speaks out

Gov't Decides to Stop Drilling Drainage Holes in Sewol at Sea

[Politics] : The Ministry of Oceans and Fisheries said Tuesday that it decided to stop work on drilling drainage …[more…] …

(LEAD) KT chief calls presidential office's management interventions 'senseless'

(ATTN: CHANGES headline, lead; Minor edits) SEOUL, March 28 (Yonhap) — The chief of KT Corp., one of South Korea’s largest telecom companies, said Tuesday that his company was pressured by the presidential office in 2015 to hire two executives recomm …

Revision sought to allow transition team for incoming president

A parliamentary committee passed a proposal Tuesday to allow the incoming president to form a de facto transition team a …

No. of One-person Shops Hits 15 Year High at 3.95 Mil.

The number of self-employed business proprietors who work alone without hiring anyone has hit a record-high level in 15 years. According to the National Statistical Office on March 27, the number of the self-employed in February this year has increased by 213,000 to 5,521,000 from a year ago. Of these, the number of one-person shops has risen by 137,000 to 3,954,000 year on year. This is the largest increase since March 2002 when the figure was 168,000. This is largely because more and more p… …

Today's Photo: March 27, 2017

Malaysia to Hand over Kim Jong-nam's Remains to N. Korea

[International] : Malaysia will reportedly hand over the remains of the North Korean leader’s half brother Kim …[more…] …

(LEAD) Park faces corruption charges in 13 cases

(ATTN: UPDATES with reason behind prosecutors’ seeking an arrest warrant) SEOUL, March 27 (Yonhap) — Former President Park Geun-hye is suspected of involvement in 13 different cases of bribery, coercion and abuse of power, according to prosecution of …

Sewol ferry emerges in its entirety after nearly three years under the sea

The Sewol ferry has become visible in its entirety for the first time in 1,075 days. Even its left side, which had previously been out of view, has been partially revealed. The blue hull first came i.. …