Archive for April, 2017

KOSPI Soars Above 2,190 for 1st Time in 6 Years

The Korea Composite Stock Price Index rose to the highest point this year on Tuesday and the best close in six years.The KOSPI closed up 1.06 percent at 2,196.85 points, the highest since May 3, 2011. Foreign investors led gains by buying more than W650 billion worth of stocks (US$1=W1,127).Lee Kyun… …

[Editorial] Neighboring countries need to work together to solve N. Korean nuke issue

The crisis on the Korean Peninsula reaches its climax on Apr. 25, North Korea’s Military Foundation Day, when the North might carry out a nuclear test. On Apr. 24, North Korea’s propaganda organs aim.. …

S. Korean military to buy two more anti-ballistic missile radars

    South Korea said Tuesday it has decided to purchase two advanced early warning radars on incoming ballistic missiles …

Korea, Tanzania discuss expanded cooperation

Tanzanian Minister of Foreign Affairs Augustine Mahiga (left) shakes hands with his Korean counterpart Yun Byung-se following a meeting in Seoul on April 24. (Ministry of Foreign Affairs) By Lee Hana …

NYT: N. Korea's Nuclear Arsenal to Hit 50 by the End of Trump's Term

[International] : The New York Times says the Trump administration’s urgency in dealing with the North Korean …[more…] …

Prime Office Building Transactions Hit Record High in 1Q

The amount of large-sized office building transactions reached 1.8 trillion won in the first quarter of this year, the highest since the statistics were compiled first in the first quarter of 2008. According to international real estate service provider Savills Korea on April 24, the transaction amount of office buildings wrapped up in the first quarter stood at about 1.8 trillion won. A Savills Korea official said, “The transaction volume increased as the deals for a number of buildin… …

Presidential candidates clash over security, job creation in 4th TV debate

SEOUL, April 25 (Yonhap) – The top five presidential candidates on Tuesday clashed over security, job creation and economic polarization during their fourth televised debate with the election just two weeks away. During the nearly three-hour roundt …

Korean Teenagers Study Hard But Feel Unhappy

Korean teenagers rank at the top in the OECD when it comes to academic performance but are among the unhappiest in the club of rich countries. They also start private tuition earlier than in any other country, suggesting that public education is failing them, talk less to their parents and spend the… …

US strategic assets scramble to Korean Peninsula as Pyongyang marks major holiday

The United States has sent and is sending strategic assets toward the Korean Peninsula as a show of force timed to coinc …

US 8th Army Begins Base Relocation from Seoul to Pyeongtaek

[Politics] : The U.S. Forces Korea has begun the relocation of its key commanding organization from the heart of Seoul to Pyeongtaek, Gyeonggi Province.[more…] …

Moon Jae-in Camp Denounces Move to 3-way Merger by Rival Parties

Park Gwang-on, chief press secretary to Minjoo Party presidential candidate Moon Jae-in, criticized on April 25 the decision by the Bareun Party to merge with the People’s Party and the Korea Liberal Party with the purpose of unifying candidates to confront Moon. He put out a statement on the same day and said, “The sole purpose of merging the parties was to keep our party’s contender Moon Jae-in from winning the race.” He added, “The three-way merger is a move against people’s desire for us … …

Nuke envoys from S. Korea, U.S., Japan meet to coordinate ways to reign in North

SEOUL, April 25 (Yonhap) — Senior diplomats of South Korea, the United States and Japan sat together in Tokyo on Tuesday seeking to chart ways to rein in North Korea as the communist country appears to be preparing another military provocation. Th …

Presidential candidates evasive on issue of LGBT rights

“I dream of a day when we can love and not be hassled. But the reality now is one where you get arrested for loving.” These lines from Hwang In-chan’s poem “Forest of Figs” were quoted on a poster pu.. …

N. Korea defense chief says deployment is over to strike US

North Korea’s defense chief said Monday that “precise and advanced striking means” have already been deployed to strike …

Warmer May, More Rain Forecast for June, July

[Domestic] : Next month is forecast to be unseasonably warm with frequent bouts of heavy rain in June and …[more…] …

Oil Exploration Requires CEO's Mind of Looking 10 or 20 Years Forward

Kim Tae-won, head of SK Innovation’s oil exploration business for North America, said, “If the management withdraws from the business simply due to short-term losses, it would definitely fail to retain the related talent and know-how.” In an interview held on April 18 at his office in Houston, Texas, he said, “What matters most in oil exploration business is to take a long-term view,” adding that his business is not something that can be successful within such a short period of two or… …

Moon unveils blueprint to relocate presidential office

SEOUL, April 24 (Yonhap) — Presidential front-runner Moon Jae-in on Monday announced the details of his longstanding pledge to move the presidential office to downtown Seoul to improve communication with the public. During a press conference, the …

'We plan to develop new industries, services for the future'

Acting President and Prime Minister Hwang Kyo-ahn speaks during the 2017 Science Day ceremony at Seoul’s Dongdaemun Design Plaza (DDP) on April 21. (Prime Minister’s Office) By Lee Hana “Usi …

Moon's campaign sues former foreign minister over memoir controversy

Liberal presidential nominee Moon Jae-in’s campaign on Monday filed a complaint with the prosecution against a former fo …

USFK to Stage Evacuation Drill in June

The U.S. Forces Korea will practice evacuating American civilians from Korea in June. The drill comes amid growing rumblings from Washington of a possible preemptive strike on North Korea’s nuclear or missile facilities.But the USFK carries out the drill, awkwardly dubbed “Courageous Channel,” as a … …