Archive for June, 2017

President Moon to visit Germany, attend G20 Summit in July

Cheong Wa Dae spokesman Park Soo-hyun on June 27 announces in a news briefing that President Moon Jae-in early next month will pay an official visit to Germany and attend the G20 summit in Hamburg. (J …

Summer Brings Premium Smartphone Glut

This summer will see back-to-back releases of the latest flagship smartphones from all the top manufacturers.The main events are the releases of Samsung’s Galaxy Note 8, LG’s V30 and Apple’s iPhone 8 in August and September. But next month Samsung will also unveil the Galaxy Note 7FE (Fandom Edition… …

Petya Ransomware Monitored in S. Korea

[Domestic] : The Petya ransomware, which struck Russia and Europe on Tuesday, was also detected in South …[more…] …

Presidential office defends reactor construction suspension

SEOUL, June 28 (Yonhap) — The presidential office Cheong Wa Dae on Wednesday defended the government’s decision to temporarily suspend the construction of two nuclear reactors, saying it was made after “painstaking deliberations.” On Tuesday, Cheo …

Lawmakers grill defense minister nominee over dubious ties with business

Faced with a barrage of attacks over suspected irregularities during his confirmation hearing on Wednesday, Defense Mini …

US: China's Downgrade Unrelated to Its Role in N. Korean Nuke Issue

[International] : The U.S. State Department says that its downgrade of China to the lowest grade in a human trafficking report has nothing to do with China’s role in the North Korean nuclear issue.[more…] …

Gov't Allows Charity to Send Medicines to N.Korea

The Unification Ministry has approved the Eugene Bell Foundation’s application to send W1.9 billion worth of medicines for tuberculosis and materials to build hospital wards to North Korea, the ministry said Tuesday (US$1=W1,137). The foundation is dedicated to treating multidrug-resistant tubercul… …

Fate of Shin-Gori Nuclear Reactors No. 5 and 6 to Be Determined by Citizen Jurors

The government will create a jury consisting of members of civil society organizations to determine the fate of nuclear reactors in Shin-Gori power plant. The government said on June 27 that it decided to form a “citizens’ jury” and a committee to discuss whether to stop the construction of Shin-Gori Reactors No. 5 and 6. Hong Nam-gi, the head of the Cabinet Office, said, “The committee won’t have any decision-making power and is solely engaged in facilitating communication with people. Durin… …

(EDITORIAL from Korea JoongAng Daily on June 28)

Toward fairer taxation Han Seung-hee, nominated to head the National Tax Service (NTS), expressed a determination to get to the bottom of real estate speculation at Tuesday’s confirmation hearing at the National Assembly. Asked by lawmakers about …

US Trade Representative says “no plans to drop out” of KORUS FTA

US Trade Representative Robert Lighthizer said the US has “no plans to drop out” of the South Korea-US Free Trade Agreement (KORUS FTA). Speaking at a June 22 hearing before the US House Ways and Mea.. …

More Korean women live alone, think less about marriage

More than 2.6 million, or one in 10, Korean women live alone, and an increasing number believe marriage isn’t mandatory, …

Tourists Flock to Japan Amid China-Korea THAAD Spat

Last Thursday marked the 100th day of a Chinese tourism boycott in retaliation against Seoul’s decision to deploy a Terminal High-Altitude Area Defense battery from the U.S. here. The boycott took the form of a ban on so-called zero-dollar tours, a huge source of revenue for Korean businesses where … …

'N. Korea Has Ability to Produce Element for Hydrogen Bombs'

[International] : An American nuclear scientist says that North Korea appears to have the ability to produce a key …[more…] …

Foreign Investors Want to Meet IR Managers of  SK Hynix, LGD

Foreign Investors Show Keen Interest in Having Meetings with IR Managers at AmorePacific, SK Hynix, LGD and LG Household & Health Care Foreign investors showed higher interest in contacting AmorePacific, SK Hynix and LG Display. This is a result of the survey that a global investment bank UBS carried out in Seoul last week with 130 foreign companies during the Korea Conference 2017. According to UBS, the foreign investors who participated in the Korea Conference 2017 showed higher inte… …

I will focus on building friendship, trust with Trump: president

President Moon Jae-in on June 26 (center) seeks advice from former Korean ambassadors to the U.S. in a meeting at Cheong Wa Dae. By Sohn JiAe Photos = Cheong Wa Dae President Moon …

Seoul OKs Eugene Bell's bid to send TB medication, other materials to NK

South Korea’s unification ministry has approved the Eugene Bell Foundation Korea’s application to send medication for tu …

Reformist scholar, noted for civic activism, nominated as justice minister

SEOUL, June 27 (Yonhap) — President Moon Jae-in’s pick for the justice minister is a scholar and civic activist known for his advocacy for judicial reform and economic justice, and extensive research on the country’s criminal code. Park Sang-ki, a …

Korean War veterans won't be forgotten: PM

Patriots and Veterans Affairs Minister Pi Woo-jin (left), Prime Minister Lee Nak-yon (third from right) and a group of veterans pledge allegiance in a ceremony to mark the 67th anniversary of the outb …

Michelle Obama to Visit Seoul for 1st Time

Popular ex-first lady Michelle Obama will accompany her husband Barack to the eighth Asian Leadership Conference hosted by the Chosun Ilbo on July 3-4.Their daughters Malia and Sasha will come with them. Barack Obama is scheduled to deliver the keynote speech on the first day focusing on his experie… …

S. Korea Rescued N. Korean Ship Carrying 8 Crew Last Week

[Inter-Korea] : South Korea’s coast guard rescued a North Korean ship carrying eight crew in the East Sea last …[more…] …