Archive for July, 2018

[Column] A look into life in the North Korean city of Rajin

The road to Rajin was rough. I was visiting the site of the Rajin-Khasan project with the South Korean Presidential Committee on Northern Economic Cooperation. If we’d flown directly through North Kor.. …

(LEAD) Hundreds missing in dam collapse in Laos, Korean builder joining rescue operations

(ATTN: CHANGES headline, lead; ADDS photo, details throughout) SEOUL, July 24 (Yonhap) — Hundreds have gone missing after a dam collapsed in southeast Laos on Monday, affecting 1,300 households and displacing around 6,600 people, the Laotian news age …

Small business ministry marks 1st anniversary

Minister of SMEs and Startups Hong Jonghaak outlines the ministry’s performance over the past year, at the Korea Federation of SMEs in Seoul on July 23. (Ministry of SMEs and Startups) By Kim Youn …

Why Was Gov't So Slow to Respond to Suspicious N.Korean Shipments?

Cheong Wa Dae said Monday that it was aware of suspected shipments of North Korean coal arriving in a South Korean port as early as October 2017 and that the Korea Customs Service had been investigating the matter. But the presidential office said it has yet to arrive at a clear decision on the issu… …

KOSPI Rises, Ends Tuesday 0.48% Higher

[Economy] : Asian markets bounced back on Tuesday, led by gains in China. South Korea’s benchmark Korea Composite Stock Price Index(KOSPI) ended the day point-48 percent higher after adding ten-point-89 points. The KOSPI closed the day at two-thousand-280-point-two.  The tech-heavy KOSDAQ also gained, adding …[more…] …

President Moon once again moves to mediate between North Korea and US

With North Korea and the US’s denuclearization negotiations at a deadlock, South Korean President Moon Jae-in is once again moving to serve as a mediator. His actions appear aimed at speeding up the n.. …

(EDITORIAL from Korea JoongAng Daily on July 24)

A myopic energy policy Due to the scorching heat wave over the country, the Moon Jae-in administration has decided to increase electricity production from nuclear power plants. The government had to take action to help ease deepening concerns abou …

N.Korea Opens Travel Agency in Taiwan

North Korea is feverishly promoting tourism to the impoverished country now that international sanctions are starting to fray at the seams. The North has recently formed a joint-venture travel agency with China to promote package tours to the North in Taiwan.According to the Yomiuri Shimbun last Fri… …

Science Ministry Considers New Data Exchange for Fourth Industrial Revolution

[Science] : Science and ICT Minister You Young-min says the ministry is considering creating a data exchange that will process public information using big data. The minister revealed the plan at the fourth conference on successful strategies for the Fourth Industrial Revolution(FIR) held at BEXCO convention …[more…] …

[Photo] Baekje Buddha confirmed to be 100 percent genuine

Considered one of the most beautiful sculptures in Korean art history, the whereabouts of a gilt bronze Buddha from the Baekje Kingdom that was unearthed in Buyeo, South Chungcheong Province, in 1907 .. …

(LEAD) Korean Air flight bomber sued for libel

(ATTN: UPDATES throughout with details of news conference, suit filing) SEOUL, July 23 (Yonhap) — The bereaved family members of the victims of the mysterious mid-air bombing of a South Korean passenger jet in 1987 on Monday sued the culprit …

Asiana Airlines to Reimburse Fliers for Inflight Meal Debacle

Asiana Airlines said Sunday that it will reimburse fliers 10 to 20 percent of their airfare for delayed flights and its failure to provide inflight meals.Asiana’s international flights between July 1 to 4 were affected by the inflight meal debacle, resulting in hour-long delays in departure on 57 do… …

Defense, Justice Ministries to Form Joint Probe Team on Martial Law Plans

[Domestic] : The Defense Ministry and the Justice Ministry will form a joint probe team to investigate the Defense Security Command’s(DSC) paper that reviewed the possible declaration of martial law last year during the candlelight vigils held against then-President Park Geun-hye. The Defense Ministry confirmed …[more…] …

[Column] Pledging Fealty to Trump: Europe Pays the Price for Increasing Inequality

At the NATO summit earlier this month, Jens Stoltenberg, the secretary general of NATO, was forced to publicly praise Donald Trump’s leadership. Mr. Stoltenberg is almost certainly a very intelligent .. …

Two Koreas form panel to bring home remains of colonial-era forced laborers from Japan

SEOUL, July 22 (Yonhap) — Civic groups from South and North Korea have formed a committee to bring home the remains of Koreans forced into hard labor in Japan during the 1910-45 colonial era, a leading organizer of the project here said Sunday. Ki …

Choo Shin-soo's On-base Streak Ends at 52 Games

[Sports] : Texas Rangers' outfielder Choo Shin-soo's on-base streak has ended at 52 games. Choo went 0-for-4 with two strikeouts in a 16-3 loss to the Cleveland Indians in Arlington, Texas on Saturday. Choo was pulled from the game in the eighth inning after grounding into a fielder's …[more…] …

Study reveals acute psychological distress among Cheonan survivors

“I just get wasted and swallow a handful of sleeping pills,” said Staff Sergeant Chung Ju-hyeon, 28, in a nonchalant tone of voice. Ever since the events of Mar. 26, 2010, Jeong has teetered on the bo.. …

Payment at listed firms 3 times higher than minimum wage

SEOUL, July 22 (Yonhap) — The average hourly payment for South Korea’s listed firms was more than three times higher than the country’s minimum level, market data showed Sunday. A total of 1,932 firms listed on the main KOSPI and tech-laden KOSDAQ …

Russia and China try to block US efforts to toughen sanctions on North Korea

Russia and China are pushing the brakes on Washington’s attempt to stiffen sanctions on North Korea. The differences between the US on one side and China and Russia on the other over whether to relax .. …

Today in Korean history

July 22 1943 — Japanese colonial authorities issue an expanded order for the mobilization of Korean students for Japan’s World War II efforts. Hundreds of thousands of Koreans, many of them students, were forced to become soldiers for the Japa …