Archive for March, 2018

(2nd LD) S. Korean president arrives in UAE for summit with Crown Prince

(ATTN: INSERTTS 3rd para to highlight President Moon’s visit to the Grand Mosque; ADDS photo) ABU DHABI, March 24 (Yonhap) — South Korean President Moon Jae-in arrived in the United Arab Emirates (UAE) Saturday for a summit with the Crown Prince of A …

Trade War Fears Roil Equity Markets While Yen, Bonds Gain

The threat of a trade war sent world stock markets broadly lower in choppy trading on Friday and boosted safer assets like the yen and government bonds, a day after U.S. President Donald Trump announced tariffs on up to $60 billion of Chinese goods.Trump signed a presidential memorandum on Thursday … …

Loss-Making Public Institutions Post 10Tln Won Deficit

[Economy] : South Korea’s loss-making public institutions posted a combined deficit of nine-point-seven trillion won, or nine-point-three billion U.S. dollars, over the past five years.   According to a report by the National Assembly Budget Office Saturday, 13 firms were in the red between 2012 and …[more…] …

(2nd LD) Trump: 'Very close' to trade deal with S. Korea

(ATTN: UPDATES with Seoul’s reponse in paras 9-10; ADDS dateline) WASHINGTON/SEOUL, March 23 (Yonhap) — U.S. President Donald Trump said Friday that the U.S. is “very close” to resolving a trade row with South Korea, hinting at an announcement next w …

Seoul, Hanoi to strengthen cooperation

President Moon Jae-in (left) and Vietnamese President Tran Dai Quang pose for a photo at the Presidential Palace in Hanoi on March 23. By Yoon Sojung Photos = Cheong Wa Dae Facebook Presid …

Codesharing Partners Stiff Passengers on Prices

Tickets for codesharing flights are cheaper to buy directly from the airline that actually flies the route than any of the partners. “The price can be up to three times higher when buying the ticket via a codesharing partner,” market researcher Consumer Research said on Thursday.Codesharing is an ag… …

Asian Markets Plunge over US-China Trade War

[Economy] : Asian stock markets have tumbled driven by fear over a looming trade war between the world’s two biggest economies.  Benchmark indices in Shanghai and Tokyo plunged by more than four percent on Friday after China threatened retaliatory tariffs on American products over U.S. President Donald Trump’s …[more…] …

[Column] Time has come for South Korea to formally apologize for Vietnam War atrocities

In our first meeting early this year after exchanging emails, Korea-Vietnam Peace Foundation board member Ku Su-jeong immediately suggested that I accompany her on Mar. 11 to a 50th anniversary memori.. …

Gov't welcomes U.N. resolution on N. Korean human rights

SEOUL, March 23 (Yonhap) — The South Korean government on Friday welcomed the U.N. Human Rights Council’s adoption of a new resolution condemning North Korea’s human rights situation. “It is welcome that a North Korean human rights resolution was …

President Moon begins Vietnam itinerary

President Moon Jae-in (right) shakes hands with football coach Park Hang-seo, head of the Vietnamese national men's soccer team, at the team's training center on March 22. By Sohn JiAe …

South Korean advance team departs for a review of North Korean musical performance venues

On Mar. 21, the advance inspection team for the South Korean group of musicians who will be performing in Pyongyang left South Korea en route to their stopover point of Beijing. They are planning to a.. …

Arrest Warrant Issued for Former President Lee

[Politics] : A Seoul court has issued an arrest warrant for former President Lee Myung-bak on bribery, embezzlement, tax evasion and other charges.  The Seoul Central District Court accepted the prosecution’s warrant request for Lee late Thursday night, stating that the suspect may destroy evidence if not placed behind …[more…] …

U.S. Faces off Against AT&T to Block Merger with Time Warner

The Trump administration is facing off against AT&T to block the telephone giant from absorbing Time Warner, in a case that could shape how consumers get — and how much they pay for — streaming TV and movies.Opening arguments come Thursday in the landmark antitrust case in federal court in Was… …

Trump replaces top nat'l security aide with ex-ambassador to U.N.

WASHINGTON, March 22 (Yonhap) — U.S. President Donald Trump said Thursday he will be replacing his chief national security adviser, H.R. McMaster, with former U.S. Ambassador to the United Nations John Bolton. “I am pleased to announce that, effec …

Low-Cost Airline Offers Annual Pass

Frequent flyers can now fly on an annual pass like on public transport. Low-cost carrier Air Seoul, a subsidiary of Asiana Airlines, launched the “Mint Pass J” on Wednesday. Mint represents Air Seoul, and J refers to Japan. The pass allows holders to travel to seven cities in Japan that the airline … …

KERI: S. Korea's Growth to Slow to 2.8% This Year

[Economy] : A local think tank forecasts that economic growth this year will dip below three percent, which is lower than last year’s three-point-one percent growth. The Korea Economic Research Institute(KERI) which is under the Federation of Korean Industries on Thursday released its first quarter report on economic …[more…] …

Senior diplomats of S. Korea, EU to discuss cooperation over N. Korean nuke issue

SEOUL, March 22 (Yonhap) — Senior officials of South Korea and the European Union’s diplomatic office will hold a meeting next week to discuss their cooperation over North Korea’s nuclear issue, the foreign ministry here said Thursday. The meetin …

Korea-Vietnam friendship blooms over 25 years

Vietnamese students studying in Korea pose for a commemorative photo in front of the Sangchunjae Hall at Cheong Wa Dae before a lunch with first lady Kim Jung-sook on March 8. (Jeon Han) By Sohn JiAe …

Seoul government announces comprehensive measures to prevent lonely deaths

The number of deaths in Seoul involving people without family or friends has risen steadily from 285 in 2013 to 366 in 2017. Sixty-two percent of the victims of “lonely deaths” – dying unexpecte.. …

Parliament Approves BOK Head for Second Term

[Politics] : Parliament has cleared the way for Bank of Korea Governor Lee Ju-yeol to serve a second term.  The National Assembly’s Strategy and Finance Committee on Wednesday adopted a confirmation hearing report that unanimously declared Lee fit to serve another four-year term as the central bank chief.  It …[more…] …