Post Tagged with: "Korea News"

KOSPI Closes 0.46% Lower at 2,361.65

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) on Thursday fell ten-point-99 points, or …[more…] …

(3rd LD) President hints at appointment of FM nominee despite opposition

(ATTN: ADDS caption, opposition parties’ response in paras 16-19) SEOUL, June 15 (Yonhap) — President Moon Jae-in urged the opposition parties Thursday to again consider his nominee for new foreign minister and give their blessing, saying that is wha …

Household Debt Rises by 10 Tril. Won in May

Last month, the balance of household debt has increased by 10 trillion won, largely due to a rise in home mortgage loans and loans from mutual finance companies. This is the highest volume since early this year. The Financial Services Commission said on June 14 that the balance of household loans in May increased by 10 trillion won from the previous month. Compared to 12 months ago (11.9 trillion won), this is somewhat lower but this is a large increase from April (7.2 trillion won). The… …

THAAD Farce Gets Worse Every Day

A North Korean drone that crashed on a remote mountain in Gangwon Province last week had been spying on a Terminal High-Altitude Area Defense battery from the U.S. being stationed in southwestern Korea. The drone flew around 270 km south of the heavily fortified border separating the two Koreas and … …

8 Candidates Recommended for Supreme Court Justices

[Politics] : An advisory committee for the chief justice of the Supreme Court has recommended eight judges and …[more…] …

[Graphic News] How Moon Jae-in’s Cabinet is shaping up

President Moon Jae-in had only three ministerial posts to fill in his Cabinet as of Wednesday. He has named 16 Cabinet m …

President meets Belgian princess

President Moon Jae-in smiles as he holds talks with Princess Astrid of Belgium, at Cheong Wa Dae on June 13. By Sohn JiAe Photos = Cheong Wa Dae President Moon Jae-in gre …

(LEAD) Parliament holds hearings for three minister nominees

(ATTN: CHANGES headline, lead, photo; UPDATES throughout with new info) SEOUL, June 14 (Yonhap) — The National Assembly held confirmation hearings for President Moon Jae-in’s nominees for the interior, maritime and culture ministers Wednesday amid a …

Korean Construction Firms Expect AIIB Investments to Bring Second Middle East Boom

The Asia Infrastructure Investment Bank (AIIB) is emerging as a new source of capital for Korean construction companies’ overseas development projects. As the number of overseas development projects leveraging the AIIB’s financial resources is increasing, expectations are growing that it could bring about a second overseas construction boom following the first one in the 1980s. According to industry sources on June 13, a consortium consisting of Daelim Industrial and SK Engin… …

Shouts for a 10,000 won minimum wage coming to Han River Park this weekend

“I think I’d be able to get a medical checkup.” “The day would probably come when I didn’t have to choose the food that was 500 won cheaper.” “If I bought a more powerful computer for my middle scho.. …

Nigerian national arrested for smuggling meth via mail

Police said Wednesday they have arrested a Nigerian man for smuggling large amounts of methamphetamines into the country …

President Moon Meets with Belgian Princess

[Politics] : President Moon Jae-in met with visiting Princess Astrid of Belgium on Tuesday and discussed …[more…] …

(EDITORIAL from Korea JoongAng Daily on June 14)

Cementing the alliance President Moon Jae-in’s visit to the ROK-U.S. Combined Forces Command in Yongsan, central Seoul, on Tuesday is a demonstration of his determination to solidify the decades-old alliance in the future. Moon affirmed the pivota …

Yahoo, Verizon Finalize Acquisition

It’s the end of an internet era. Yahoo, an iconic early adapter of the World Wide Web, is now part of Verizon Communications, after a $4.48 billion deal was finalized Tuesday for Yahoo’s core internet operations.The remainder of Yahoo will be called Atlaba Inc., which will serve as a holding company… …

Jeju Air Teams up with World's Largest Low-cost Carrier Alliance

Jeju Air launched part of its route-sharing service with the world’s largest low-cost carrier alliance Value Alliance on June 12. Value Alliance was founded last year by a group of leading budget airlines in Korea, Singapore, Thailand, Australia, Japan, and the Philippines. As the first stage of the route-sharing service, Jeju Air started enabling its customers to buy Cebu Pacific Air tickets through its website. Cebu Pacific Air is serving 37 domestic routes in the Philippin… …

[Interview] Taiwanese translator inspired by Yun Bong-gil’s sacrifice

“If you too have blood and bones, / May you be courageous fighters for Korea / Raise the national flag high / And then come to my empty tomb to pour out a glass.” (from “To Two Soldiers in Swaddling C.. …

[Graphic News] Number of multiple births in S. Korea rises

The number of twins, triplets and other multiple births in South Korea has tripled over the past 20 years, in contrast w …

Moon Appoints FTC Chief Despite Objection from Opposition Parties

[Politics] : President Moon Jae-in has appointed Kim Sang-jo as the new head of the Fair Trade Commission(FTC) …[more…] …

Parliamentary speaker vows to ensure predictability, transparency in constitutional revision

SEOUL, June 13 (Yonhap) — National Assembly Speaker Chung Sye-kyun vowed Tuesday to strive for predictability and transparency in the process of rewriting the decades-old Constitution, voicing hope that a parliament-led revision will be completed with …

Korea's Exports on the Verge of Downturn After Seven Months of Growth

Korea’s exports are showing a sign of downturn after enjoying a robust growth for seven straight months. During the first ten days of this month, the nation’s exports registered a negative year to year growth of 12.2 percent. Some analysts blamed the negative growth on the base effect resulting from the extraordinary surge in ship orders seen a year ago. Despite the negative signal, however, it’s unlikely that the nation’s shipments would continue a downward movement, particularly given that the… …