Archive for April, 2017

[Column] Monopoly Power: Is it time to bring back anti-trust?

There has been growing attention in recent years to the near monopolization of many sectors of the U.S. economy. For example, Google completely dominates the search engine market, while Facebook has a.. …

Overseas voter turnouts surpass previous presidential election in Asia

Overseas voter turnouts for the May 9 presidential election surpassed marks set in the previous presidential poll in Asi …

NEC Starts Printing Ballot Papers for May 9 Presidential Election

[Politics] : The National Election Commission (NEC) has started printing ballot for the May ninth presidential election.[more…] …

Korean paper 'hanji' used for restoration of Pope John XXIII's globe

ROME, April 30 (Yonhap) — A team of Italian experts has succeeded in the restoration of a globe at a museum dedicated to Pope John XXIII by using the Korean traditional paper “hanji” after one year of work, the South Korean consulate general in Milan …

N. Korea continues attempts to thwart conservatives in S. Korean presidential election

North Korea on Sunday lambasted South Korea’s conservative forces in yet another attempt to stop them from taking power …

(LEAD) USS Carl Vinson stages war drills with S. Korean Navy

(ATTN: RECASTS headline, lead; ADDS details in paras 2-5) SEOUL, April 29 (Yonhap) — The USS Carl Vinson, a U.S. aircraft carrier, on Saturday started a joint naval drill with the South Korean Navy in the East Sea amid heightened tensions from North …

US Secretary of State alludes to direct dialogue with North Korea

US Secretary of State Rex Tillerson said that the US could negotiate directly with Pyongyang in order to resolve the North Korean nuclear issue. When asked during an interview with NPR on Apr. 27 wh.. …

N. Korea argues S. Korea intrudes into sea border

North Korea argued Saturday that South Korean navy warships have increasingly violated their disputed western sea border …

Samsung Tops Global Smartphone Market in Q1

[Economy] : Samsung Electronics has returned to the top of the global smartphone market even ahead of the …[more…] …

Industrial Output Rises 1.2% in March...Highest Figure Since Nov. 2016

Signs of economic recovery are everywhere. Industrial output and investment in plants and equipment in March have increased to record-high levels for the first time in four months and 41 months, respectively. According to a report “March 2017 Industrial Activity Trend” published by the National Statistical Office on April 28, the all-industry output last month was up 1.2 percent from the previous month. This is the largest uptick in four months since November last year when the figure rose 1…. …

N. Korea argues S. Korea intrudes into sea border

SEOUL, April 29 (Yonhap) — North Korea argued Saturday that South Korean navy warships have increasingly violated their disputed western sea border, heightening tension on the Korean Peninsula. “The South Korean puppet navy warships’ intrusion int …

Russian Prosecutors Seek 3½ Years for 'Pokémon GO' Blogger

Russian prosecutors requested a 3½ year prison sentence Friday for a blogger charged with inciting religious hatred for playing “Pokémon GO” in a church.Prosecutors made the request as the trial of Ruslan Sokolovsky, 22, wrapped up in the city of Yekaterinburg. A judge said a verdict in the case wou… …

FM Yun calls for tougher sanctions on N. Korea for 'genuine' talks

South Korea’s top diplomat warned the international community against rushing to resume talks with North Korea without c …

Airport Crowded as Golden Holiday Begins

[Domestic] : A “golden holiday” begins in South Korea from Saturday with various holidays dotted over the next …[more…] …

Samsung Electronics Relies 77% of Operating Profit on Chip and Display Businesses

Samsung Electronics announced on April 27 its financial results for the first quarter ending March 31, 2017. It chalked up sales of 50.55 trillion won and operating profit of 9.9 trillion won, up 1.5 percent and 48.2 percent year on year.By business unit, the DS division responsible for electronic components, recorded an operating profit of 7.59 trillion won, accounting for 77 percent in the company’s total operating profit. The CE division in charge of T… …

U.S. experts lashes out at Trump's remarks about THAAD, FTA with S. Korea

By Chang Jae-soon WASHINGTON, April 28 (Yonhap) — U.S. President Donald Trump’s demand that South Korea pay for the U.S. THAAD missile defense battery being installed in the country is “inflammatory, ignorant and no way to treat an ally,” an American …

IT Parts, Chemical Companies Enjoy Bumper Earnings

Korean exporters of parts and materials for mobile phones and other gadgets as well as chemicals and steel are achieving record-high earnings. Samsung Electronics said Thursday that first-quarter revenues totaled W50.6 trillion, while operating profit stood at W9.9 trillion (US$1=W1,134). That was … …

US soldier transporting THAAD components smiles as he films weeping protesters

A video has surfaced of a US soldier grinning as he uses his mobile phone to film residents opposing the delivery of THAAD system components in Seongju, North Gyeongsang Province. The channel “Soseon.. …

ASEAN's top diplomats voice 'grave' concerns about NK nuke, missile programs

The top diplomats from Southeast Asian countries on Friday expressed “grave” concerns over North Korea’s nuclear and mis …

Gov't to Seek Further Oil Exploration in East Sea

[Economy] : The government will carry out further exploration for mining areas in the East Sea where oil could be found within this year. [more…] …