Archive for May, 2017

N.Korea's Missile Development Undeterred by Carrot or Stick

North Korea has conducted missile tests every week since President Moon Jae-in came to power here on May 10.On May 14, the North launched a Hwasong-12, which it claims is capable of reaching the U.S. state of Alaska. On May 21, it launched a Pukguksong-2, which can hit any target in Japan, and on Mo… …

Parliament Adopts Hearing Report on NIS Chief Nominee

[Politics] : The parliamentary intelligence committee has adopted its report on the outcome of a confirmation …[more…] …

USS Carl Vinson to leave Korea: Navy

SEOUL, May 31 (Yonhap) — The U.S. naval strike group, led by the aircraft carrier USS Carl Vinson, will end its month-long mission near the Korean Peninsula on Wednesday night, the South Korean Navy said. The Vinson, a nuclear-powered flattop base …

To reduce fine dust, rickety old coal-fired power plants to go offline for one month

Eight decrepit coal-fired power plants are going offline for one month at midnight on June 1. President Moon Jae-in also made plans to hasten the permanent shutdown of decrepit coal-fired power plant.. …

Moon says missile defense probe not aimed to reverse deployment

 President Moon Jae-in said Wednesday South Korea‘s ongoing probe of the delivery of a U.S. missile defense system is no …

Duty Free Shops Roll out Red Carpet for Cosmetics Firms

The Ministry of Trade, Industry, and Energy revised an enforcement ordinance of the Foreign Trade Law in October 2016, recognizing the sales to foreign tourists at duty-free shops as part of export. The annual sales of Korea’s duty-free shops amounted to 1.2 trillion won last year, of which the sales to foreign tourists accounted for 67 percent. The amount of exports through local duty-free shops’ sales to foreign tourists amounted to 804 billion won. As foreign tourists purc… …

President calls New Zealand Prime Minister

President Moon Jae-in talks about ways to further develop bilateral ties with his New Zealand counterpart Prime Minister Bill English during a phone call on May 30. (Cheong Wa Dae) By Sohn JiAe …

U.S. Intercepts a Simulated Missile to Prepare Against N.K. Attack

[International] : The Pentagon said it has successfully completed a test intercepting an intercontinental ballistic missile. The test, the first of its kind, was part of efforts to improve the U.S.’ defense capabilities amid escalating threats from North Korea.[more…] …

Choi Soon-sil's Daughter on Way Back to Korea

Chung Yoo-ra, the daughter of ex-President Park Geun-hye’s confidante Choi Soon-sil, on Tuesday boarded a plane in Copenhagen that returns her to Korea. Chung had been held in Aalborg, a small town in Denmark, since January while extradition proceedings were underway.She is expected to land at Inche… …

Korean Air to put B787-9 on international route

SEOUL, May 31 (Yonhap) — Korean Air Lines Co. said Wednesday it will put its B787-9 Dreamliner jet on an international route for the first time this week. The U.S.-made aircraft will fly daily between Incheon and Toronto from Thursday onwards. It …

Moon requests Netherlands' continued cooperation on N.K. nuclear issue

South Korean President Moon Jae-in on Tuesday voiced hope for continued cooperation with the Netherlands in resolving th …

[Photo] Kyobo Building’s inspirational summer passage

Children take a selfie with the background of a new banner on the exterior wall of Kyobo Building in central Seoul, May 29. The banner features text by the poet Kim So-wol, which reads, “Let’s follow .. …

Ourhome Wins a Series of Deals to Supply Food Catering Services Overseas

Ourhome is beefing up its overseas business. Ourhome is a South Korean company that launches into foreign food catering service markets for the first time among the nation’s foodservice companies. Following the opening of its first foodservice business in Vietnam early this month, Ourhome announced on May 29 that it won another deal to provide food service in China. The company established a local business unit in Haiphong in Vietnam last month and started providing food cateri… …

Cheong Wa Dae names nominees to head 4 ministries

Cheong Wa Dae spokesperson Park Su-hyun announces the president’s nominees for minister of the interior, minister of culture, sports and tourism, minister of land, infrastructure and transport, and, l …

AOA to Entertain Global Financial Leaders

Girl group AOA will perform at the second annual meeting of the Asian Infrastructure Investment Bank on Jeju Island on June 16. They will be strutting their stuff in front of finance ministers and central bank governors from 77 countries.Launched last year, the AIIB is a China-led investment bank th… …

Foreign Minister Nominee Apologizes for False Address

[Politics] : Foreign minister nominee Kang Kyung-wha has apologized for registering a false address to help her daughter gain admission to the high school of her choice. [more…] …

S. Korea to send home 6 N. Korean sailors rescued from East Sea

South Korea will send home all six North Korean sailors recently rescued from the East Sea in accordance with their free …

Daily Average Transaction Volume for Smartphone Banking Reaches 3.6 Tril. Won

The number of customers who have registered with smartphone banking services during the first quarter of this year reached 60 percent of all Internet banking users. During the same period, the daily average amount of smartphone banking transactions was 3.6 trillion won. According to a report “1Q 2017 Internet Banking Service Trend” published by the Bank of Korea on May 30, the total number of Internet banking users (including users of smartphone banking) as of the end of March this year was… …

Many newlywed couples quit jobs after having child: data

SEJONG, May 30 (Yonhap) — Many dual-income newlywed couples in South Korea quit a job after having a baby as working moms struggle with raising children, government data showed Tuesday. Out of 235,000 couples who tied the knot in 2014 and maintain …

N.Korea Tests New Interceptor Missile

North Korean leader Kim Jong-un on Saturday watched the test of a new surface-to-air interceptor guided weapon system, the official [North] Korean Central News Agency reported Sunday.This was presumed to be a new KN-06 surface-to-air missile the North tested for the first time in April last yea… …