Archive for March, 2018

(3rd LD) Moon's special envoys to visit N. Korea this week over dialogue with U.S.

(ATTN: UPDATES with more information in paras 10-12) SEOUL, March 4 (Yonhap) — South Korean President Moon Jae-in on Sunday named his top security adviser and the chief of the country’s spy agency as his special envoys to visit North Korea this week …

Trump Defends Threats of Tariffs, Saying 'Trade Wars Are Good'

President Donald Trump Friday defended his threat to impose steep tariffs on steel and aluminum imports, saying potential trade conflicts can be beneficial to the United States.”When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade… …

11.5Mln 'Live' in Seoul Compared to 10Mln Registered Population

[Domestic] : A survey finds that eleven-point-five million people pursue daily activities in capital Seoul as in attending school, going to work or even traveling. This is much higher than Seoul’s registered population of slightly over ten million last year.  Seoul City said Saturday it has developed a demographic …[more…] …

Former president Lee’s brother reverses past statements regarding land ownership

DAS chairman Lee Sang-eun, older brother to former South Korean President Lee Myung-bak, reportedly told prosecutors on Feb. 2 that he was not the owner of a controversial plot of land in Seoul’s Dogo.. …

2,500 GM Korea workers apply for voluntary retirement

GUNSAN, South Korea, March 3 (Yonhap) — More than 2,000 workers at the South Korean unit of General Motors Co. have applied for voluntary retirement as the U.S.-based carmaker plans to shut down one of its plants here, local and company sources said S …

South Korean companies look to Southeast Asia in bid to increase exports

Major South Korean corporations involved in exporting are watching developments in Southeast Asia closely as a potential way of skirting a wave of US and Chinese regulations on South Korean imports. W.. …

China Welcomes Moon's Plan to Send Special Envoy to N. Korea

[Politics] : Chinese Foreign Ministry Spokeswoman Hua Chunying says Beijing welcomes South Korea’s decision to send a special envoy to Pyongyang.  Hua says China notes what she called “positive movement” in the inter-Korean relationship connected to the PyeongChang Winter Olympics. She said China also welcomes …[more…] …

Today's Photo: March 4, 2018

. …

Majority of N. Koreans negative about nuclear program: U.S. survey

WASHINGTON, March 2 (Yonhap) — The majority of North Koreans are negative about their country’s nuclear weapons program, with many of them saying it is not a source of national pride or prosperity, a U.S. survey showed Friday. The poll, conducted …

Revised immigration bill passes National Assembly

A revision bill to the Immigration Control Law that requires non-Korean residents to renew their registration cards and imposes a prompt travel ban on suspected non-Korean violators, passed the Nation …

Growing Number of Seniors Opting to Travel Overseas

People in their 60s have emerged as a key customer group for the tourism industry, with increasing numbers of seniors traveling abroad. According to Korea’s No. 2 travel agency Mode Tour, customers in their 60s and older accounted for 18.5 percent of its outbound travelers last year. That’s a nearly… …

KOSPI Closes 1.04% Lower Friday on US Tariff Announcement

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) tumbled along with world stock markets after President Donald Trump said the United States would impose tariffs of 25 percent on steel and ten percent on aluminum imports.  The main bourse lost 25-point-two points, or one-point-04 percent, on Friday on …[more…] …

FM Kang to visit Singapore, Vietnam next week

SEOUL, March 2 (Yonhap) — South Korean Foreign Minister Kang Kyung-wha will visit Singapore and Vietnam next week to discuss regional and bilateral cooperation, a ministry official said Friday. During the four-day trip that will start on Wednesday …

March 1st movement forms root of national sovereignty

President Moon Jae-in gives three cheers for an independent Korea alongside first lady Kim Jung-sook, other dignitaries and the people of Seoul, at a ceremony in honor of the 99th anniversary of the M …

Pres. Moon Stresses S. Korean Gov't was Founded in 1919

[Politics] : During his independence movement anniversary speech Thursday, President Moon Jae-in says the South Korean government was founded in 1919 during Japan’s colonization of the country. He emphasized the predominantly liberal historical view that South Korea was officially established when a provisional …[more…] …

MeToo movement having lasting impact on South Korean society after just one month

A torrent of “MeToo” accusations is causing deep fissures in some of South Korea’s more regressive cultural practices as it spread from the prosecutors to the culture and arts, academic, press, religi.. …

(LEAD) Trump set to impose 25 pct tariff on steel imports next week

(ATTN: UPDATES with details from 4th para; ADDS photo) WASHINGTON, March 1 (Yonhap) — U.S. President Donald Trump said Thursday he plans to impose a 25 percent tariff on steel imports next week, a move that could affect South Korean manufacturers. …

White House Intends to Continue Improving KORUS

[Economy] : The Trump administration says it intends to continue improving the South Korea-U.S. Free Trade Agreement(KORUS) and renegotiating the North American Free Trade Agreement(NAFTA). The administration issued a trade policy document Wednesday calling for “free, fair, and reciprocal trade,” and vowing …[more…] …

(2nd LD) Moon says Japan has no right to claim sex slave issue settled

(ATTN: UPDATES with Japan’s reaction in paras 10-11) SEOUL, March 1 (Yonhap) — South Korean President Moon Jae-in strongly urged Japan to sincerely reflect on its past wrongdoings on Wednesday, also saying the country has no right to claim settlement …