Archive for July, 2018

Samsung to Offer Massive Investment Pledges

Samsung is expected to mollify the government with a W100-trillion investment plan and pledge to cooperate with small and mid-sized contractors with a view to supporting a vision for the so-called Fourth Industrial Revolution (US$1=W1,120).One corporate source said Monday that Finance Minister Kim D… …

Two Koreas Continue Discussions to Ease Military Tensions

[Inter-Korea] : South and North Korea are continuing their general-level military talks at the border truce village of Panmunjeom Tuesday to follow up on agreements reached at their summit in April. Until late afternoon, the two sides were trying to iron out differences through a series of negotiation sessions, including …[more…] …

(LEAD) S. Korea's top diplomat heads to Singapore for key regional forum

(ATTN: ADDS more info in paras 2-6; CHANGES photo) SEOUL, July 31 (Yonhap) — South Korean Foreign Minister Kang Kyung-wha left Tuesday for Singapore to join a series of bilateral and multilateral talks on North Korea and other regional issues. He …

Trump Presses Demand for Wall Along U.S.-Mexico Border

U.S. President Donald Trump pressed Congress again Monday to approve the controversial construction of a wall along the U.S.-Mexico border to thwart illegal immigration. “Border security is national security,” the U.S. leader told a White House news conference after meeting with Italian Prime Minist… …

Controversial Peace Dam to be converted into Peace Waterway

The Peace Dam, which has been lambasted as a fraud foisted upon the South Korean public, will be reborn as the starting point of a “Peace Waterway” set to link watercourses between South and North Kor.. …

Two ex-corporate watchdog officials arrested in corruption probe

SEOUL, July 30 (Yonhap) — Two former anti-trust watchdog officials were arrested Monday on corruption charges in a probe involving the organization’s retirees. The Seoul Central District Court issued arrest warrants for former Fair Trade Commissio …

Defense Reform Plans Leave S.Korea Dangerously Exposed

The government announced plans last Friday to downsize the number of drafted soldiers by 118,000 and shorten the mandatory draft from 21 to 18 months as part of defense reforms. No sooner had the plan been announced than Chinese, Japanese and U.S. military jets and warships engaged in a war of nerve… …

"China's Top Foreign Policy Maker Visited S. Korea Mid July"

[International] : A high-ranking diplomatic source in Beijing says Director of the Office of the Chinese Communist Party's Foreign Affairs Commission Yang Jiechi traveled this month to South Korea with Chinese Vice Foreign Minister Kong Xuanyou. Kong, China’s envoy on the North Korean nuclear issue, …[more…] …

President Moon hopes for success at upcoming Asian Game

Indonesian Foreign Minister Retno Marsudi (left), in Seoul as a special envoy from Indonesian President Joko Widodo, and President Moon Jae-in pose for a photo with the three mascots of the 2018 Jakar …

(EDITORIAL from Korea JoongAng Daily on July 30)

Cooler heads must prevail North Korea last Friday handed over 55 caskets carrying the remains of American soldiers killed in the 1950-53 Korean War, helping to revive the dwindled reciprocity between Pyongyang and Washington due to inactivity foll …

FKI Forms Special Committee on Inter-Korean Economic Exchanges

[Inter-Korea] : A South Korean business lobby group has formed a special committee on inter-Korean economic cooperation and exchanges in line with the government's economic visions for the Korean Peninsula. The Federation of Korean Industries (FKI) announced on Sunday that it has set up the committee and appointed …[more…] …

[Column] Trump’s Next Move on North Korea

Donald Trump loves to talk about war. Last year, Trump was ready to invade Venezuela, until calmer heads in his inner circle persuaded him that it wasn’t a good idea. He has recently escalated his.. …

Newly launched ocean biz corp. to offer support to 10 shipping companies

SEOUL, July 29 (Yonhap) — The newly launched Korea Ocean Business Corporation said Sunday that it will offer support to 10 small and medium shipping lines as part of its effort to revive the country’s maritime transportation sector. The state-run …

(LEAD) Moon gives eulogy to father of late prominent student activist

(ATTN: UPDATES with details; ADDS background) SEOUL, July 28 (Yonhap) — President Moon Jae-in on Saturday eulogized the father of a student activist whose death sparked nationwide pro-democracy protests in the 1980s that led to a direct presidential …

Latecomer Jin Ki-joo Impresses in Her 1st Starring Role

Jin Ki-joo recently wrapped up her first starring role in a TV series, demonstrating her budding skills as an actress.”It was never easy playing a gloomy role as the daughter of a murder victim in the series, but overall I was truly happy to play my first lead role,” she said.The multitalented actre… …

Korea Foundation to Promote Korean Culture to Guests from ASEAN

[Culture] : The Korea Foundation said Saturday it will host a program to promote Korean culture by inviting future cultural leaders from seven nations of the Association of Southeast Asian Nations or ASEAN. The event titled “ASEAN Next-Generation Leaders Visit Korea Program” will host 12 guests for a …[more…] …

AI and inter-Korean economic cooperation highlighted as top variables of influence

Companies with organizations in place for research and development (R&D) selected artificial intelligence (AI) and inter-Korean economic cooperation as the top variables expected to influence the deve.. …

S. Korea sends relief supplies to Laos

SEOUL, July 28 (Yonhap) — A South Korean military aircraft carrying relief supplies has left for Laos, the foreign ministry said Saturday, following the government’s announcement that it will provide help with recovery from the deadly flooding that re …

S. Korea to Build 2nd Ice-Breaker to Utilize Arctic Potentials

[Science] : South Korea plans to build a second ice-breaking research vessel of its own and begin a pilot navigation along the North Pole Route. The Ministry of Oceans and Fisheries on Friday disclosed a basic plan to strengthen its Arctic-related activities, which were drafted in coordination with eight …[more…] …

Facebook Sued after Stock Plunge

Facebook Inc and its chief executive, Mark Zuckerberg, were sued Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.The complaint filed by shareholder James Kacouris in Manh… …