Archive for July, 2018

Gov't to boost inclusive economic growth

Senior Secretary for Economic Affairs Yoon Jong-won talks live about the meaning of ‘inclusive growth’ and the current state of the Korean economy on the show ’11:50 a.m. at Cheong Wa Dae,’ aired on s …

(5th LD) SK chief to provide US$10 mln to help Laos disaster recovery

(ATTN: UPDATES with comments by Lao official and SK reaction) SEOUL, July 27 (Yonhap) — SK Group said Friday it has offered to donate US$10 million in relief aid to Laos over the deadly flooding resulting from the collapse of a dam being built by its …

Cutting Overseas Spending 'Could Lead to More Jobs at Home'

A private think tank believes that rising overseas spending by Koreans is partly responsible for slowing domestic consumption, and spending that money at home could create thousands of jobs.The Korea Economic Research Institute on Thursday said its analysis of household consumption from 2011 to 2017… …

KOSPI Gains 0.26% Friday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) traded steady on Friday, while the won weakened as the worsening U.S.-China trades dispute kept investors cautious. KOSPI ended the day point-26 percent higher after gaining five-point-93 points to close the day at …[more…] …

Korea to boost economic ties with Africa, Middle East

Prime Minister Lee Nak-yon speaks at the South Korea-Oman business forum, at the Grand Hyatt Hotel in Muscat on July 25. (Prime Minister’s Office)By Kim Min-Jeung Prime Minister Lee Nak-yon has off …

SK E&C detected faults in dam in Laos before collapse but failed to repair amid torrential rains

On July 20, three days before the collapse of the Xepian-Xe Nam Noy hydroelectric dam in Laos that left hundreds of people unaccounted for, SK Engineering & Construction (SK E&C), the firm in charge o.. …

U.S. aircraft leaves for N. Korea to receive troop remains

SEOUL, July 27 (Yonhap) — A U.S. transport aircraft flew to North Korea on Friday to receive the remains of American troops killed during the 1950-53 Korean War in line with the two countries’ summit agreement in June over the repatriation, a governme …

Childbirth Falls for 30 Months in a Row

The number of births dipped below the 30,000 mark in May. According to Statistics Korea on Wednesday, 27,900 babies were born that month, down 7.9 percent from a year earlier. It was the first time since statistics started in 1981 that fewer than 30,000 babies were born in May. On-year declines hav… …

N. Koreans to Arrive in S. Korea on Sunday for Joint Asian Games Training

[Politics] : North Korean members of inter-Korean teams set to participate at the upcoming Asian Games will arrive in South Korea for joint training on Sunday, a day later than initially scheduled. The Unification Ministry on Thursday confirmed the postponement of the arrival of the North Korean delegation, …[more…] …

(LEAD) Ruling party holds primary for its leadership election in August

(ATTN: RECASTS headline, lead; ADDS more info throughout) SEOUL, July 26 (Yonhap) — The ruling Democratic Party (DP) on Thursday conducted a primary vote in its leadership election to narrow the number of candidates from eight to three. The li …

3 Foreign Sailors Missing after 2 S. Korean Boats Collide in Japanese Waters

[Domestic] : Three foreign sailors are missing after two South Korean fishing vessels collided in Japanese waters on Thursday. The 101 Geumyang and 803 Tongyeong clashed at around 7:20 a.m. in waters 267 nautical miles southeast of Japan’s Hokkaido Prefecture. Out of the two ships' 38 crew members, 35, …[more…] …

N.Korean Propaganda Machine Stresses Importance of Nukes

The North Korean regime is indoctrinating provincial Workers Party officials to the effect that giving up nuclear weapons means “death,” Radio Free Asia reported Wednesday. RFA quoted a source in North Hamgyong Province as saying, “In early July there was a meeting of high-ranking party officials f… …

GM Korea moves to establish separate R&D corporation following Gunsan factory shutdown 

GM Korea is finding itself in another restructuring flap amid its previous woes with the closure of a Gunsan factory and large-scale voluntary retirements. With the General Motors headquarters moving .. …

(3rd LD) Probe team raids military unit over martial law allegations

(ATTN: UPDATES with rival parties’ agreement on hearing 8-9 paras) SEOUL, July 25 (Yonhap) — A military probe team on Wednesday raided the offices of the Defense Security Command (DSC) over allegations that it drew up a document over the potential in …

How to Prevent Air Conditioners from Harming Your Health

As the sweltering heat shows no signs of abating, more people are suffering the health hazards of air conditioning like colds, headache and muscle tension. The most common harmful effects are drying of the airways and colds. Bacteria or viruses often proliferate inside air conditioners in public bui… …

Document Alleges Defense Minister Made Remarks Defending DSC

[Politics] : Parliament has been presented an alleged transcript of recent remarks made by Defense Minister Song Young-moo that show he defended the military’s proposed plan to invoke martial law early last year, despite his denial.  Members of the National Assembly’s bipartisan National Defense Committee read the …[more…] …

President Moon welcomes dismantling of NK missile site

Pyeongyang launches what it claims is an observation satellite on a Kwangmyongsong-4 rocket at the Sohae Satellite Launching Station in Dongchang-ri, Cheolsan-gun County, Pyeonganbuk-do Province, Nort …

Nearly nine out of 10 S. Koreans say low birthrate is a serious issue: poll

SEOUL, July 25 (Yonhap) — Nearly nine out of 10 South Koreans have expressed concerns about the country’s low birthrate, a new survey showed Wednesday, in the latest wake-up call to address the chronically low birthrate. The survey — submitted to …

N. Korea Calls for Swift Declaration to End Korean War

[Inter-Korea] : North Korea has called for the official end of the Korean War to be sealed swiftly as the two Koreas gear up to mark the anniversary of the signing of the Armistice Agreement. The state-run Korean Central News Agency(KCNA) said on Tuesday it's regrettable the implementation of the war-ending …[more…] …

Trump 'Appreciates' Signs N.Korea Dismantling Launch Site

President Donald Trump on Tuesday praised recent satellite images showing North Korea beginning the dismantling of key facilities at the Sohae Satellite Launching Station on the country’s northwest coast.”We appreciated that,” Trump said of the images first reported by the U.S.-based North Korea mon… …