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The absurd spectacle of land sitting off-limits to anyone for years at a time

For close to seven years, the 340,000 square meter plot of land in the Taejang neighborhood of Wonju, Gangwon Province, has been visited by no one. South Koreans are barred from access to the site, wh.. …

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Senior diplomat to visit Europe countries to discuss cooperation

South Korea’s senior diplomat will depart for Europe this week to discuss closer cooperation with Sweden, Britain and th …

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N. Korean Defectors Fleeing to S. Korea Declines Again

[Inter-Korea] : The number of North Korean defectors coming to the South is declining again after posting slight …[more…] …

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Yonhap News Summary

The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. —————— McDonald’s ‘patty controversy’ widens as more complaints filed SEOUL — U.S. fast-food chain McDonald’s is facing further …

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Today's Photo: July 12, 2017

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KAI Wins 720 Bil. Won Orders from Boeing

Korea Aerospace Industries signed a series of deals with Boeing of the United States to supply 720 billion won worth of jet airliner components. Ha Sung-yong, CEO of KAI, who is now in the United States to finalize the deal, is also striving to win the 17-trillion-won advanced pilot training project from the U.S. Air Force. KAI announced on July 11 that it contracted with Boeing to supply 641.1 billion won worth of wing components over the next 13 years. Under the terms of this deal, K… …

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Seoul city govt. draws up W2.31tr extra budget to create jobs

The Seoul city government on Wednesday unveiled a plan for an extra budget worth 2.31 trillion won ($2.01 billion) mainl …

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President Moon Encourages Maximum Leave at Work

[Politics] : President Moon Jae-in said on Tuesday that he plans to use every day off he gets this year to …[more…] …

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(EDITORIAL from Korea JoongAng Daily on July 12)

Ruining an industry We are shocked at the results of the Board of Audit and Inspection (BAI)’s audit of the procedure for selecting duty-free shops under the Park Geun-hye administration. According to a government watchdog, the Korea Customs Servi …

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[Interview] The Park Geun-hye administration’s biggest national defense mistake

Korean Peninsula Future Forum Chairman Chun Yung-woo said in an interview with the Hankyoreh on June 21, “The biggest strategic mistake made by the Park Geun-hye administration in terms of national se.. …

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SK Hynix Launches Foundry Subsidiary SK Hynix System IC

SK Hynix System IC, a foundry spin-off of SK Hynix, held an inauguration ceremony at its headquarters in Cheongju in North Chungcheong Province on July 10. The share of foundry sales in SK Hynix’s overall business is negligible. The annual sales of the foundry business is estimated at around 120 billion won, a level less than 1 percent of SK Hynix’s total annual sales. The foundry business, which has remained in the red for several years, has a mere 0.2 percent share in the g… …

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S. Korea, US, Japan call for tough action against NK

The top nuclear envoys of South Korea, the United States and Japan agreed on Tuesday to “sternly” respond to North Korea …

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President Moon praises outcome of G20 Summit

President Moon Jae-in presides over a cabinet meeting at Cheong Wa Dae on July 11. (Cheong Wa Dae) By Yoon Sojung President Moon Jae-in gave a positive assessment on the outcome of the G20 Su …

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Allies Must Persuade China to Cut off N.Korea's Fuel Supplies

In the aftermath of North Korea’s latest ballistic missile test last week, President Moon Jae-in said South Korea “faces the worst crisis since the Korean War,” while U.S. Ambassador to the UN Nikki Haley referred to the situation as “hugely dangerous.” On Tuesday the chief South Korean, U.S. and Ja… …

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8th US Army Hold Relocation Ceremony at New Pyeongtaek Base

[Politics] : The 8th U.S. Army held a ceremony on Tuesday to mark the opening of its new headquarters in Pyeongtaek City, Gyeonggi Province.[more…] …

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Former Sampyo Remicon Site to Turn into Public Park

The former site of the Sampyo Ready Mixed Concrete factory in Seoul’s Sungsoo-dong will turn into a 28,000-square-meter public park. Just like Millennium Park in Chicago, it will combine a nature park with cultural centers. The Seoul metropolitan city government said on July 10 that it signed a tentative agreement with Hyundai Steel, the current owner of the site, Sampyo Remicon, the tenant, and the Sungdong District Office. The city government will complete the park’s construction by 2020 in… …

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KTO says number of foreign tourists could drop by millions this year

SEOUL, July 11 (Yonhap) — The number of foreigners visiting South Korea could drop by as many as 4.69 million this year, following a diplomatic row with China over the deployment of a U.S. missile defense system here, the state-run tourism promotion b …

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People’s Party struggles to contain scandal

The People’s Party declared Monday it would officially request for a special prosecutorial probe into its fake tip-off d …

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Moon Needs to Shake off His N.Korea Fantasies

President Moon Jae-in over the weekend called the current tensions on the Korean Peninsula “the biggest crisis since the Korean War.” Meeting Canadian Prime Minister Justin Trudeau on the sidelines of the G20 Summit in Hamburg, he said the situation is “dangerous” and that Canada could also soon be … …

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Korean, Russian leaders emphasize expanded cooperation

President Moon Jae-in (left) and Russian President Vladimir Putin meet for talks on the sidelines of the G20 Summit in Hamburg, Germany, on July 7. By Yoon Sojung Photos = Cheong Wa Dae …

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