Post Tagged with: "Korea News"

Local businesses welcome thaw between S. Korea, China

SEOUL, May 21 (Yonhap) — A thaw in deadlocked relations between South Korea and China over the deployment of an advanced U.S. ballistic missile defense system is showing signs of resuscitating vitality in exchanges in the public and private sectors be …

Defense Ministry Moves to Raise Soldiers' Salaries

[Domestic] : The Defense Ministry is internally reviewing wage increases for soldiers, which is one of the …[more…] …

President names new Cabinet members on finance, foreign affairs, security

PresidentMoon Jae-in announces his picks for new Cabinet members at the Chunchugwanpress center of Cheong Wa Dae on May 21. From left: senior presidentialsecretary for public relations Yoon Young-chan …

Presidential envoy to ASEAN to begin tour on Sunday

SEOUL, May 20 (Yonhap) — A newly named presidential envoy to the Association of Southeast Asian Nations (ASEAN) will begin his tour of the region on Sunday. Seoul Mayor Park Won-soon, tapped by President Moon Jae-in on Friday as his special envoy …

Report: Married Women's Views on Marriage Shift Sharply

[Domestic] : A study shows that married South Korean women’s views on marriage have changed significantly this …[more…] …

Coal-fired Power Plant Retrofit Market Likely Grows Fast

After President Moon Jae-in announced his intention to shut down obsolete coal-fueled power plants in order to reduce emissions and fine dust levels, the market for power plant retrofit is likely to grow fast. Even though it is unlikely that greenfield orders would come any time soon, the retrofit market is considered a new growth engine for power plant builders. The company that will benefit most from this rising demand is Doosan Heavy Industries, the only domestic company with specialty in … …

S. Korea, Japan agree to wisely resolve row over sex slave deal: Korean envoy

South Korea and Japan have agreed to resolve a row over a 2015 deal on Japan’s wartime sexual enslavement of Korean wome …

Will South Korea adopt Bhutan’s gross national happiness policy?

Will President Moon Jae-in implement Bhutan’s “happiness policy” in South Korea? That‘s the hopeful question that people aware of Moon’s unusual connection with the country are asking South Korea’s ne.. …

Mattis: Military solution to N. Korea would be 'tragic on an unbelievable scale'

WASHINGTON, May 19 (Yonhap) — U.S. Secretary of Defense Jim Mattis said Friday that the U.S. and its partners are working to find a non-military solution to the problem of North Korea because military options would be “tragic on an unbelievable scale. …

Medical Costs of Parents Are Children's Heaviest Burden

Middle-aged people feel most burdened by medical bills when they care for their parents, a survey suggests.The Life Insurance Social Contribution Committee said on Wednesday polled 1,000 people aged 40-59 who have either lived with their parents or supported them financially. Respondents selected mu… …

Energy Solution Brand "Integrict" to Account for Large Share in Total Sales...Hyundai Electric

“I will grow our energy solution brand Integrict into an industrial platform as famous as GE’s Predix, Siemens’ MindSphere, and ABB’s Ability.” Joo Young-geol, president of Hyundai Electric & Energy System, said this on May 18 in an interview with the Korea Economic Daily, adding, “We will set our goal to make the energy solution business as our future growth engine, with the goal of making sales of 5 trillion won by 2021.” The company posted sales of 2,191 billion won last year.The brand In… …

'Okja' press screening in Cannes temporarily halted by technical glitch

The press screening of South Korean director Bong Joon-ho’s “Okja” at the Cannes Film Festival was temporarily stopped o …

[Interview] Through dialogue under Moon, South Korea’s diplomatic influence can grow

Keio University emeritus professor Masao Okonogi, Japan’s leading Korean Peninsula researcher, said the newly inaugurated Moon Jae-in administration’s initiation of inter-Korean dialogue was “a matter.. …

'China Mentions Efforts to Ease THAAD Retaliation'

[International] : China has suggested to visiting South Korean envoys it is willing to work towards easing …[more…] …

Young Koreans Risk Being Jobless for Life

A man surnamed Kim is 30 years old and in search of a job. He took two years off during university to work on construction sites and earn his tuition, which meant he entered the job market later than many of his classmates. He has been trying to find a permanent job for the last two years while jugg… …

President appoints head of Constitutional Court

President Moon Jae-in nominates a new chief justice of the Constitutional Court, at Cheong Wa Dae’s Chunchugwan press center on May 19. By Jeon Han and Lee HanaPhotos = Jeon HanMay 19, 2017 | Cheo …

(LEAD) Moon reaffirms campaign pledge to complete constitutional revision by June next year

(ATTN: CHANGES headline, lead; UPDATES throughout with new info) SEOUL, May 19 (Yonhap) — President Moon Jae-in on Friday reaffirmed his campaign pledge to complete a constitutional revision by June next year, an opposition leader said, amid continui …

New FTC Head Vows to Curb Conglomerates' Economic Concentration

Kim Sang-jo, the newly-appointed commissioner of the Fair Trade Commission, said in his press conference on May 17 that he will focus on preventing economic concentration of the nation’s top-four chaebols namely Samsung, Hyundai Motor, SK, and LG. Kim added, “I think the scope of the companies that will be controlled under the government’s economic concentration restraint policy could be narrowed to the top-four business groups which account for about a half of the assets owned by the t… …

China Views Envoy Visit as Starting Point to Better Relations

[International] :  The Chinese Foreign Ministry has expressed strong anticipation over the visit of a special envoy …[more…] …

Golf Champion Kim Si-woo to Donate W2 Billion to the Sport

The PGA Tour Players’ Championship winner Kim Si-woo said Wednesday he will donate W100 million each to the Korea Golf Association and the U.S. PGA Tour (US$1=W1,123). That is about 10 percent of the US$1.89 million prize money for winning the championship on Sunday. Kim progressed through the Korea… …