Corea del Sud
Common household appliances like washing machines, TVs and even refrigerators are losing their appeal due to the smartphone apps that offer innovative and convenient services. Apps take care of laundry, food shopping and other domestic chores and are becoming increasingly popular among not only sing...
Jeon Do-yeon and Jung Woo-sung, perhaps Korea's most celebrated stars, are co-starring in a film for the first time in their careers spanning almost 30 years.Jeon, who won the best actress award at the Cannes Film Festival in 2007, debuted in 1992, and Jung in 1994.The two will appear in the crime t...
Venezuelan opposition leader Juan Guaido on Thursday issued an emotional plea to political and business leaders at Davos, saying he needed their international help as he could not achieve change alone.Guaido is recognized as Venezuela's interim president by the United States and 50 other countries b...
China decided Thursday to lock down three cities that are home to more than 18 million people in an unprecedented effort to try to contain a deadly new viral illness that has sickened hundreds and spread to other cities and countries in the Lunar New Year travel rush. Police, SWAT teams and paramili...
North Korea will send a delegation to the Munich Security Conference for the first time in the 56-year history of the top diplomatic gathering, organizers said Thursday.An MSC spokesperson confirmed that North Korean vice foreign minister Kim Son-gyong would attend next month's event.The announcement comes a month after Pyongyang declared it was abandoning moratoriums on nuclear and intercontinental ballistic missile tests.The self-imposed ban on tests had been the centerpiece of two years of nu
Justice Minister Choo Mi-ae expressed intent on Thursday to order an internal probe into prosecutors that brought charges against a presidential secretary for suspected misconduct, calling it a rash move that did not follow due process.Choo delivered her message to the press after an anti-corruption team at the Seoul Central District Prosecutors Office earlier in the day indicted Choi Kang-wook, a presidential secretary for public office discipline, for fabricating an internship certificate for
Samsung Electronics created an in-house technology platform unit and named a new chief for its home appliance business in the company's latest reshuffle, corporate sources here said Thursday. Samsung combined its in-house tech units related with artificial intelligence, internet of things and big data solutions to set up a new tech group, tentatively named "next-generation platform center," according to the company officials. The center will be headed by Chung Eui-suk, an executi
The search for four South Koreans missing after an avalanche in the Himalayas were called off Thursday (Nepal time) as worsening weather continued to hamper operations. Nepalese authorities and a voluntary South Korean rescue team have been conducting the search since Friday's accident that left four Koreans and three Nepalese guides missing after an avalanche struck the popular trekking route on Mount Annapurna in northwestern Nepal. South Korea's quick response team dispatched to the site said
A cap on Samsung Electronics’s weight in a Korean equity index could kick in earlier than planned, triggering fears that billions of dollars will exit the stock.Instead of the bi-annual adjustment, the Korea Exchange is considering putting a 30 percent limit on Samsung’s weighting on the Kospi 200 Index earlier due to the stock’s recent rally, said Ahn Kil-Hyun, the manager of the team that oversees the index. Given the gauge’s popularity among passive funds, research pro
The US is warning it will send furlough notices within weeks to almost 9,000 South Korean workers at US bases if the two countries don’t reach agreement on President Donald Trump’s demand for Seoul to increase dramatically what it pays for American troops.Trump’s push for South Korea to contribute much more has put the alliance under strain at a time when North Korean leader Kim Jong-un’s regime has said it would no longer be bound by its previous promise to halt testing
South Korea’s top security officials had internal discussions Thursday on ways to strengthen "communication" with Iran and the United States in connection with its decision to send naval troops to the Strait of Hormuz for contributions to maritime security there, according to Cheong Wa Dae.They reviewed the international community’s responses to the move and discussed "follow-up measures," including the strengthening of "communication" with relevant nati
Another elderly Korean victim of Japan’s wartime sexual slavery died Thursday, the gender ministry said. The death of the woman, whose identity was withheld at the request of her family, puts the number of surviving victims at 19, according to the ministry. A total of 240 are officially registered with the government as victims of sexual enslavement by the Japanese imperial army during World War II. Five died last year. Gender Minister Lee Jung-ok expressed condolences to the family over t
The leader of the Korean Confederation of Trade Unions, a militant labor umbrella group, was given a suspended sentence Thursday for masterminding assaults on police during outdoor rallies.The Seoul Southern District Court sentenced Kim Myeong-hwan to 2 years and six months in prison, suspended for four years, and ordered him to complete 160 hours of community service.Kim was accused of overseeing violent illegal acts during KCTU members’ four protest rallies in front of the National Assem
Shares in South Korean duty-free operators took a hit amid concerns that the outbreak of the Wuhan coronavirus may hurt the companies’ revenues from Chinese visitors, data showed Thursday. Hotel Shilla closed at 97,000 won ($83) on Thursday, down 10.6 percent from Friday’s closing price of 108,500 won. Shinsegae fell 4.37 percent over the cited period to finish at 306,500 won. Lotte Shopping also tumbled 4.76 percent to close at 130,000 won.On Monday, South Korea reported
SK Group Chairman Chey Tae-won promoted the need to upgrade measurements of social value creation during his speech at the World Economic Forum that is underway in Davos, Switzerland, the firm said Thursday.“It is not an option but an obligation to change the goals and systems of corporate management from the interests of shareholders to those of stakeholders,” he said in a panel session held under the theme of “Stakeholder Capitalism in the Asian Century” at the Davos Co
Preliminary data released Wednesday by the Bank of Korea showed the country’s economy grew 2 percent in 2019 from a year earlier. The figure marks the slowest on-year growth since 2009, when Asia’s fourth-largest economy expanded 0.7 percent in the aftermath of the global financial crisis.The central bank’s growth estimate for last year, which was on par with the government’s forecast, beat predictions by most private experts. The average of 2019 growth estimates by seven
Discussions about economic development often focus on how to increase income equality. More recently, however, thoughtful observers have begun to regard consumption equality -- the equal use of goods and services -- as a more robust indicator of parity in human wellbeing. After all, it more accurately captures inequality as people experience it when they consume, and consumption can be affected by borrowing and saving, as well as by social safety-net programs.But consumption equality is a double