Archive for June, 2018

Two Koreas agree on road modernization

The delegation from South Korea, including Kim Jeong-ryeol (second from left), the second vice chairman at the Ministry of Land, Infrastructure and Transport, crosses over the Military Demarcation Lin …

Household Debt Just Keeps Growing

Korea’s household debt is expected to surpass a staggering W1,500 trillion soon (US$1=W1,113). According to the Bank of Korea on Wednesday, total household debt stood at W1,468 trillion in the first quarter of this year, up a whopping eight percent from the same period of 2017 at a time where econom… …

BBC Names Korean Goalie to Ideal World Cup Team

[Sports] : The BBC has named Korean goalkeeper Cho Hyun-woo as one of the eleven best players of the group stage of the 2018 Russia World Cup. Cho was chosen as the goalkeeper in the BBC’s best eleven team, with players selected based on ratings from the general public. Although not selected for the final eleven, …[more…] …

Local community of refugee women gathers and cooks for each other

Mix minced halal-slaughtered beef with breadcrumbs, spices, and diced vegetables and round into a ball. Cook until the exterior is golden brown and serve with sweet and spicy sauce. This is the re.. …

G-Dragon returns to military base amid preferential treatment controversy

SEOUL, June 30 (Yonhap) — G-Dragon, the leader of K-pop boy band BIGBANG who is currently serving his mandatory military duty, has returned to his military base after receiving treatment for his ankle, his agency said Saturday. YG Entertainment sa …

Poll: Half of S. Korean Public Positively View Shorter Workweek System

[Domestic] : A new survey shows that nearly half of the South Korean public is positively viewing a shorter workweek system.  Gallup Korea said 49 percent of the respondents said the measure is worth taking, while 32 percent said it was a wrong move. The other 19 percent deferred their answers.  The pollster said …[more…] …

Brazil Court Allows Prosecution of U.S. Swimmer Ryan Lochte

The prosecution of U.S. swimmer Ryan Lochte for filing a false police report during the 2016 Olympics is back on after a Brazilian court decision this week.During the games in Rio de Janeiro, the 12-time Olympic medalist told NBC that he and fellow swimmers were robbed at gunpoint in a taxi by men w… …

(Yonhap Forum) S. Korean businesses hope for systemic support for possible investment in N. Korea

SEOUL, June 29 (Yonhap) — A number of South Korean businesses are mulling long-term projects to do businesses in North Korea, a local business lobby official said Friday. The South’s business circles largely remain cautious about making investment …

Pompeo to Visit Pyongyang Next Week

U.S. Secretary of State Mike Pompeo is expected to visit Pyongyang next week to start follow-up denuclearization talk.His visit comes some three weeks after U.S. President Donald Trump’s summit with North Korean leader Kim Jong-un in Singapore. Pompeo abruptly canceled a meeting with the Indian fore… …

KOSPI Ends Higher After Falling Below 2,300

[Economy] : South Korean shares ended higher on Friday after a sharp drop during the session.  The benchmark Korea Composite Stock Price Index(KOSPI) recovered after falling below the two-thousand-300 mark for the first time in 13 months during intraday trading to close the day up. As of 11:08 a.m., the KOSPI …[more…] …

Cheong Wa Dae declines to comment on Pompeo's possible trip to N. Korea

SEOUL, June 29 (Yonhap) — The presidential office declined to comment on a news report that U.S. Secretary of State Mike Pompeo plans to visit North Korea next week for denuclearization negotiations, only saying it’s keeping an eye on the situation wh …

The End of Maximum Pressure on N.Korea?

The “death sentence” for the U.S.’ “maximum pressure” strategy against North Korea came suddenly. U.S. President Donald Trump said on June 1 after his meeting with North Korean apparatchik Kim Yong-chol, “I don’t even want to use the term ‘maximum pressure’ anymore because I don’t want to use that t… …

LG Group Speeds up 4th-Generation Leadership Transfer

[Economy] : LG Group is looking to push through a leadership transfer following the recent death of its chairman.   Koo Kwang-mo, senior vice president at LG Electronics, who is a son of late LG Group Chairman Koo Bon-moo, will likely be appointed as a co-president of the group’s holding firm, LG Corporation, on …[more…] …

Historic legal shift on Military Service Act for first time in 70 years

The Constitutional Court of Korea ruled that legal provisions that do not offer alternative routes of service to conscientious objectors who refuse military service on religious or moral grounds is in.. …

(2nd LD) Constitutional Court orders legislation on alternative service for conscientious objectors

(ATTN: RECASTS headline; CORRECTS to say it’s the court’s fourth ruling on the issue instead of third) SEOUL, June 28 (Yonhap) — The Constitutional Court on Thursday ordered the revision of the conscription law to allow for alternative service for c …

Korean Air Chief Summoned for Questioning

[Domestic] : Korean Air and Hanjin Group Chairman Cho Yang-ho was summoned for questioning over allegations of tax evasion and embezzlement.  Cho appeared at the Seoul Southern District Prosecutors' Office for questioning at around 9:30 a.m. Thursday.  Cho told reporters that he would answer all questions …[more…] …

Swimsuit Trends Favor More Flesh for Men, Less for Women

This summer’s fashion trend in swimsuit is less revealing for women and more revealing for men. Online retailer AK Mall analyzed swimwear sales from April to June and found that one-piece swimsuits were popular among women and tight swimming trunks among men. Sales of one-piece swimsuits increased 1… …

Former journalist acquitted of charges of violating National Security Act after 38 years

“Each of the defendants are innocent,” said Hon. Hong Dong-gi, presiding judge of the 12th criminal division at the Seoul High Court, at 2 pm on June 26. As soon as Hong announced his sentence in Room.. …

U.S. lawmakers introduce bill to increase oversight of N. Korea negotiations

WASHINGTON, June 27 (Yonhap) — Two United States senators have introduced a bill calling for greater congressional oversight of the U.S. government’s nuclear negotiations with North Korea. The bipartisan legislation — introduced Tuesday by Sens. …

Creators Talk About New Blockbuster Period Drama

Scriptwriter Kim Eun-sook and director Lee Eung-bok have teamed up once again to create period drama series “Mr. Sunshine.” which starts airing next week. The duo behind the hugely successful “Descendants of the Sun” and “Guardian” on Tuesday talked to hundreds of reporters who packed a press event … …