By Lee Kyung-sikFounder-Chairman Chung Chai-won of Dr. Chung’s Food proved his words to be right that the soy bean milk of his company helped in the promotion of good health and longevity of man. He had lived 100 years when he passed away on Oct. 9, 2017.This writer first met the late Dr. Chung abou

South Korea's economic growth hit a seven-year record high in the third quarter due to increased construction investment and exports, central bank data showed Thursday.In the July-September period, the country's gross domestic product (GDP) increased 1.4 percent from the previous quarter, fa

South Korea will hold a public hearing next month on the renegotiation of a free trade pact with the United States, Seoul's trade ministry said Wednesday, as the two countries move to reset the terms at Washington's call.The hearing on the Korea-U.S. free trade agreement (FTA), slated for No

Samsung Electronics Co. stood as South Korea's most valuable brand, with its brand value almost doubling in five years to US$51.4 billion, according to industry data Thursday.The brand value of Samsung Electronics posted a whopping 12 percent on-year climb this year, marking twofold growth from

U.S. Defense Secretary Jim Mattis said Wednesday that the international community seeks a peaceful solution to the North Korean nuclear crisis.He was speaking en route to Thailand after meeting with his counterparts from South Korea, Japan and Southeast Asian nations at a regional gathering in the P

Applying economic sanctions is the only option available to get North Korea to give up its nuclear weapons program, a United States senator has said, stressing the importance of China's increased role in the process."There is really no other option than to continue sanctions. The other option i

South Korean Prime Minister Lee Nak-yon called for expanding economic cooperation with Bulgaria on Wednesday, saying he will put a joint economic committee and an industrial cooperation committee between the two countries into full operation next year.Speaking at a meeting of South Korean businessme

Foreign Minister Kang Kyung-wha on Wednesday promised South Korea's continued development cooperation with African countries."Beyond the political importance of Africa as a continent of more than a quarter of all sovereign countries in the world, Korea views Africa as a valuable partner in deve

South Korean display maker LG Display Co. said Wednesday its third-quarter net profit jumped more than two-fold from a year earlier on the back of expanded sales of premium products.Net profit came to 477.2 billion won (US$422 million) over the July-September period, rising from 189.5 billion won po

Subcontractors of GM Korea Co. and business associations in cities where the carmaker has plants have teamed up to help boost the carmaker's vehicle sales amid speculation that its parent, General Motors Co., may withdraw from South Korea due to poor performance and high costs, the industry watc

The preferred bidder for cash-strapped Dongbu Daewoo Electronics is set to be selected in the near future, industry sources said Wednesday, with candidates including both local and overseas firms.According to the sources, NH Investment & Securities Co., which oversees the deal, is currently conducti

A unique distribution system is behind the global popularity of South Korean cosmetic brands, the new head of an international association of cosmetic scientists said.Kang Hak-hee, who on Wednesday became the President of the International Federation of Societies of Cosmetics Chemists (IFSCC), said

Prosecutors demanded a 2 1/2-year prison term for a close aide to ousted former President Park Geun-hye on Wednesday on charges of leaking presidential documents to a friend of Park accused of tampering with state affairs and extorting money from conglomerates.Jeong Ho-seong, one of the three longes

The Korean daily media headlines and humorWednesday, October 25, 2017 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours /s/ Lee Kyung-sikPublisher-ChairmanKorea

The South Korean government on Tuesday confirmed its plan to restart the construction of two stalled nuclear reactors but vowed to scrap plans to build six new units as part of its strategy to gradually phase out atomic power.The Ministry of Trade, Energy and Energy officially announced the decision

LG Household & Health Care Ltd., South Korea's No. 2 cosmetics and household goods maker, said Tuesday it racked up a solid profit in the third quarter of this year on the back of its high-end cosmetic brands, despite concerns over a setback from a diplomatic row between Seoul and Beijing over a

South Korea will further tighten mortgage rules for owners of multiple homes, officials said Tuesday, as part of the latest comprehensive measures to ensure mounting household debt does not hurt the nation's economy.The fresh set of debt-controlling steps comes at a time when the Bank of Korea (

The U.S. House of Representatives on Tuesday passed a bill that tightens sanctions on North Korea for its nuclear weapons and honors an American citizen who died after being held by the regime.The bill, which was renamed the "Otto Warmbier North Korea Nuclear Sanctions Act" after the 22-year-old U

A ranking U.S. senator told President Donald Trump Tuesday to let the "professionals" conduct foreign policy on North Korea.Sen. Bob Corker (R-TN), chairman of the Senate Foreign Relations Committee, took a swipe at the president as the feud between them escalated to new levels."Really, when you

The South Korean government on Tuesday confirmed its plan to restart the construction of two stalled nuclear reactors but vowed to scrap plans to build six new units as part of its strategy to gradually phase out atomic power.The Ministry of Trade, Energy and Energy officially announced the decision