Post Tagged with: "Korea News"

Korea strengthens partnership with Egypt, India

Korea has solidified its economic and diplomatic ties with Egypt and India. On March 25, First Vice Minister of Foreign Affairs Lim Sung-nam discussed ways to further enhance the Korea-Egypt compr …

Liberal parties urge Park's arrest as conservatives demand leniency

SEOUL, March 30 (Yonhap) — Liberal political parties called for former President Park Geun-hye’s arrest Thursday, demanding what they called justice and fairness in the investigation over her allegations that have already led to the arrest of her frie …

JCS: North Could Conduct Different Type of Nuclear Test

[Politics] : The Joint Chiefs of Staff(JCS) says North Korea could conduct a different type of nuclear test from …[more…] …

N.Korean Missiles Target U.S. Reinforcements

The short-term objective of North Korea’s frantic missile development is to prevent U.S. troop and weapons reinforcements from reaching the Korean Peninsula in the event of war, analysis suggests.North Korea launched 46 missiles since leader Kim Jong-un came to power in 2012, often at high angles or… …

Competition to Build Skyscapers Rages on in Asia...Lotte World Tower Set to Join the Race

Oshiage in Tokyo’s Sumida Ward used to be one of the less developed areas in the city, with nothing notable except the rolling stock depot and subway station. But the district’s landscape changed for good in May 2012 when Tokyo Skytree whose height is 634 meters opened its door to the general public. The area now boasts the daily foot traffic of more than several hundreds of thousands from fewer than 10,000 before the skyscraper. The number of foreign visitors has increased to 5.5 million a y… …

Moon scores victory in An’s home turf

Moon Jae-in of the main opposition Democratic Party of Korea claimed a victory in the party’s second primary race Wednes …

Gangwon Province’s Legoland theme park plan beset by flaws and complications

A Gangwon Province project to build a Legoland theme park on Chuncheon’s Jung Island is facing multiple threats. “LL Development and the Doosan Consortium, which are carrying out the Legoland project.. …

Korea shares health care policies with Central, South America

Government officials from Argentina, Chile, Costa Rica, Peru, Brazil and Mexico pose for a photo during the fifth K-Pharma Academy, held at the Ministry of Food and Drug Safety in Cheongju, Chungcheon …

Operation to move Sewol to shore enters final phase: gov't

SEJONG, March 29 (Yonhap) — Efforts to transport the ill-fated ferry Sewol to shore are entering their final phase, the government said Wednesday, despite bad weather temporarily interrupting operations. “We will finish fixing the Sewol to the sem …

No. of Bank Tellers and Branches on Steep Decline

As online and mobile banking is gaining rising popularity, the number of bank tellers, branch offices and ATM’s is declining at a rapid pace. According to the Financial Services Commission on March 28, the number of employees hired by the nation’s banking industry totaled 114,775 as of the end of 2016, down by 2,248 from a year ago. This was the largest annual decline in six years since 2010 (2,372). The number of bank branches and ATM’s also marked the steepest decline since… …

Ex-opposition chief’s moves kindle talks on new political power group

Kim Chong-in, a former interim chief of the main opposition Democratic Party, on Tuesday added momentum to the groundwor …

Survey: Seoul is Malaysians' Top Tourist Destination

[Domestic] : Malaysians counted Seoul, Jeju Island and Busan as their most preferred tourist destinations in South Korea. [more…] …

Can Korea Escape the Middle-Income Trap?

Korea’s per-capita gross national income was tallied at US$27,561 last year, still short of the $30,000 goal it had been aiming at for a decade (US$1=W1,113). Real GDP growth stood at only 2.8 percent.A per-capita GNI of $30,000 is a bellwether determining that a country has joined the ranks of adva… …

(LEAD) N. Korean nuclear test may be imminent: 38 North

(ATTN: UPDATES with State Department comments) WASHINGTON, March 28 (Yonhap) — Fresh satellite imagery suggests North Korea has laid communication cables at its nuclear test site in a strong indication that test preparations are in the final stage, a …

Remains from Sewol Ferry Confirmed as Animal Bones

[Domestic] : The bones found by Sewol ferry salvage crews have been confirmed to be animal bones, not human …[more…] …

Sales of Korea's Top 10 Companies Fall for Three Straight Years

The combined revenue of Korea’s top-ten companies, including Samsung Electronics, declined by 2.5 percent last year compared to a year ago. Last year marked the third consecutive year in which the revenue declined following the negative growth of 3.5 percent in 2014 and 6.6 percent in 2015. These companies’ combined operating profit, however, registered a positive year-to-year growth of more than 21 percent last year. The decline in the sales of the nation’s flagship companies, despite… …

Remains found not of Sewol victims

Pieces of bones found during the South Korean government‘s ongoing salvage operation of the sunken Sewol ferry turned ou …

Experts say measures to prevent smoking can also boost the economy

Experts from South Korea and other countries argue that government intervention is needed in the tobacco industry because there is insufficient information about the risks of smoking and because secon.. …

(LEAD) KT chief calls presidential office's management interventions 'senseless'

(ATTN: CHANGES headline, lead; Minor edits) SEOUL, March 28 (Yonhap) — The chief of KT Corp., one of South Korea’s largest telecom companies, said Tuesday that his company was pressured by the presidential office in 2015 to hire two executives recomm …

Gov't Decides to Stop Drilling Drainage Holes in Sewol at Sea

[Politics] : The Ministry of Oceans and Fisheries said Tuesday that it decided to stop work on drilling drainage …[more…] …