The Korean daily media headlines and humor
The Korean daily media headlines and humor
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  • 승인 2015.04.15 00:00
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April 15, 2015

The Korean daily media headlines and humor

Wednesday, April 15, 2015

Your Excellency:

Here are The Korea Post notices, humor from a Korean business daily and a roundup of important headlines from all major Korean-language dailies, TV and other news media this morning:

Lee Kyung-sik


Korea Post Media

P.S.: 1. To see the desired site, press down the Control key and click the blue URL of the media.

2. If received by a person other than the intended recipient, please kindly convey the mail to His/Her Excellency.


The Korea Post news:

At Ansan Culture Plaza on May 1-3, 2015

Ansan City hosts International Street Drama Festival

The Ansan City, some 26 miles southwest of Seoul, hosts the 2015 Ansan International Street Drama Festival (AISDF) at the Ansan Culture Plaza on May 1-3, 2015 in a three-day run on the theme of ‘City in Action!’ which is also a slogan for the event.

A total of 61 works will be presented during the Festival, namely 48 from Korea and 13 from nine foreign countries.

The AISDF poses a substantial contrast with conventional street drama festivals in the fact that it attempts to produce new works created through a harmonious merger between the intrinsic artistic value of the street dramas and regional features of Ansan.

Among the 12 official entries are six Korean works and the remaining six entries from a number of different countries, namely France, Australia, the Netherlands and Portugal.

The Korean works consist of (1) AnNyeong (literally, “Hi!”) created by Creative Group NoNI, (2) Falling As I Lean Against the Wall, (3) Living The Good Life by Ambiguous Dance Company, (4) Pyro Art Work by HWARANG Art Pyrotechnics (5) ‘Donkey Shadow Trial’ by Art-Factory Comma And and (6) Tempest by THEATRE HADDANGSE. Among the six Korean works, the opening work is AnNyeong.

Among the foreign works, the opening entry is one from France named Envolee created by Aerosculpture Group. Others include the Megaphone Project by the Megaphone Project from Australia, The Poet on the Street from the Netherlands and the Remaining People from Portugal.

Ambassadors and Madams are invited to attend the opening ceremony on May 1, 2015. For our possible transmission failures, please call Tel 2298-1740/2, 010-5201-1740 or send an email to or

For further details, please visit /news/view.html?section=161&category=181&no=898.

A scene from Envolee created by Aerosculpture Group of France.


Today’s humor:

Hankuk Kyungje

Judicial Knowhow

An American attorney had just finished a guest lecture at a law school in Italy when an Italian lawyer approached him and asked,

“Is it true that a person can fall down on a sidewalk in your country and then sue the landowners for lots of money?”

Told that it was true, the lawyer turned to his partner and started speaking rapidly in Italian.

When they stopped, the American attorney asked if they wanted to go to America to practice law.

“No, no,” one replied. “We want to go to America and fall down on sidewalks.”


Top headlines of major news media of Korea this morning:


Late Businessman Accuses PM of Receiving Illicit Campaign Fund

Anchor: Just a day before he was found dead last week, the former head of the Keangnam Enterprises held an interview with a local daily, and accused Prime...

Opposition Chief Urges PM, Chief of Staff to Resign

Saenuri Calls for a Swift Probe of PM over Sung's List

Kyunghyang: Sung Gave 30 Million Won to PM Lee

PM Denies Receiving Illicit Political Funds

Head Investigator Pledges Thorough Probe into Sung's List

Prosecution Summons Close Aides of Sung Woan-jong

IMF Cuts S. Korea Growth Forecast for 2015 to 3.3%

Late Businessman Accuses PM of Receiving Illicit Campaign Fund

S. Korean Embassy Staff Withdrawn over Security Concerns in Tripoli

Finance Minister to Attend G20, IMF, World Bank Meetings

S. Korea Expands Dominance in Global TV Market

Second Batch of Russian Coal to be Transported via Rajin-Khasan Route

Unification Minister: Sanctions Can be Lifted Only if N. Korea Takes Responsible Steps

S. Korean Firms Haven't Paid March Wages at Gaeseong

'Profoundly Positive Trajectory' in Seoul-Tokyo Relations

S. Korea Places 29th in Social Progress Index

US State Dept. Urges Activists Crossing DMZ not to Enter N. Korea

Prosecution Summons Close Aides of Sung Woan-jong

More Cruise Ships Visiting Incheon Port

Travel Ban on Japanese Journalist Lifted

19th-Century Japanese Map Labeled Dokdo as

Japanese Agency Distorts Ancient Korean

Composer of "Our Wish" Dies at 89

Satellite Images from Arirang 3A Revealed

S. Korean Scientists Develop World's Best Thermoelectric Alloy

Gov't to Develop ActiveX Alternatives by 2017

Pyeongchang Committee Forms Overseas Advisory Group

S. Korea Takes Down Russia 2-0 in Women's Football Friendly

S. Korea Defeats Russia in Women's Football Friendly


Yonhap (

S. Korea's jobless rate drops to 4 pct in March

South Korea's jobless rate fell in March from a month earlier due to seasonal factors and more hiring by the manufacturing and service sectors, a government report said Wednesday.

Kim Jong-un pays tribute to late founder at anniversary

North Korean leader Kim Jong-un paid tribute to the North's founder Wednesday as the communist country celebrated the 103rd birthday of Kim's late grandfather.

Korea-Japan ties on 'profoundly positive trajectory': top U.S. diplomat

Relations between South Korea and Japan, long strained over historical and territorial tensions, appear to have gotten back on a "profoundly positive trajectory," a top American diplomat said Tuesday.

S. Korea begins construction of vehicle-only seaport

South Korea on Wednesday began work to expand the capacity of a vehicle-only port that is designed to boost the country's auto exports, the government said.

S. Korean passenger jet veers off runway at Hiros..

Recent incident sparks debate over baseball's..

Kim Jong-un pays tribute to late founder at anniversary

N. Koreans vow loyalty to leader Kim Jong-un

China to air TV drama about Korean War

China urges efforts to resume N. Korea nuclear talks

Kim Jong-un invited to China's war memorial parade:..

S. Korea's jobless rate drops to 4 pct in March

S. Korean firms' earnings growth forecast to accelerate

Dollar opens at 1,091.5 won DN from 1,094.0 won

Recent incident sparks debate over baseball's..

S. Korea draw two Middle East opponents in region..

2NE1's CL finishes second on 'TIME 100' online poll


The Korea Times (

Besieged prime minister shown the door

Prime Minister Lee Wan-koo is facing calls within his own political party to resign over a widespread allegation that he took kickbacks from the late Keangnam Enterprises Chairman Sung Woan-jong. Lawmakers of the ruling Saenuri ...

KOSPI bubbles over 2,100 The benchmark

KOSPI closed above 2,100 points, the highest in more than three-and-a-half years, with retail and foreign investors expanding exposure to stocks amid abundant liquidity and low interest rates, dealers said Tuesday....

Asiana jet slides off runway at Hiroshima 

An Asiana Airlines aircraft overran a runway at a Japanese airport Tuesday evening, leaving 23 pas... 

Colombian leader takes bum rap 

President Park Geun-hye is walking a tightrope between enhancing diplomatic ties and easing negati... 

First job fair opens for artists 

The first job fair for artists was held Monday at Marrionnier Park in Daehangno, the mecca of Kore...

3 Pakistanis detained for sham marriages 

A Pakistani father, along with his son and nephew have been arrested on suspicion of marrying Korean women for the sole purpose of obtaining citizenship here,...

Opposition party grills government over THAAD issue 

The main opposition New Politics Alliance for Democracy (NPAD) questioned the government, Tuesday, about the potential deployment of an advanced U.S. missile ...

IMF cuts Korea's growth forecast to 3.3% 

The International Monetary Fund (IMF) cut its forecast for Korea’s economic growth for this year to 3.3 percent from 3.7 percent it projected in January.

Major broadcasters sue C&M 

The nation’s three major broadcasting companies - KBS, MBC and SBS - have filed a damages suit against cable TV operator C&M, alleging the firm did not pay th...

Smartwatch competition intensifying 

It is not uncommon to see people wearing smartwatches these days. With Apple joining the “war of t... 

Blizzard hits smartphone game market 

Blizzard Entertainment unveiled its first smartphone game “Hearthstone,” Tuesday.

'Instant food raises chances of cancer' 

Chances of getting stomach cancer for those who eat instant food can be at least four times higher than those who do not eat it, according a study released Tu...

Navy improves maritime rescue capability 

The Navy said Tuesday that it has deployed a CH-47 helicopter to the southern port city of Jinhae, South Gyeongsang Province, to improve rescue services in ma...

Foreign ministry admits confusion over envoy's location after Libya attack 

The Ministry of Foreign Affairs on Tuesday admitted that officials wrongly reported the location of Korea’s top envoy to Libya when the Islamic State (IS) gro...


DongA Ilbo (

Is Hillary Clinton’s enemy women?

The Financial Times advised Hillary Clinton who declared running for president for the second time on Sunday in a column titled “Why women are Hillary’s key.” As she cannot win enough votes from women with a vague... 

Korean men’s ice hockey team gets off a good start

Korean national men’s ice hockey team was degraded to Group B after it lost all five games at the 2014 International Ice Hockey Federation (IIHF) Ice Hockey World Championship Division 1 Group A held in Goyang, Gyeonggi...

Gov`t lifts travel ban on Japanese reporter in defamation trial

Travel ban on Tatsuya Kato, former Seoul bureau chief of Japan’s Sankei Shimbun who was indicted due to the slander charge for raising suspicion over President Park Geun-hye’s whereabouts on the day of Sewol disaster...

World Cup: winner teams go straight to Asia’s final qualifying round

The procedure in the Asian preliminaries for the 2018 FIFA World Cup Russia has changed. In the past, teams had to go through three rounds before the region’s final qualifying round. Now, they will have two qualifying...

Variety shows: ugly duckling turns into swan

Variety shows used to be seen negatively in Korea until the 1980s because of the Confucian culture. Popular variety shows were elaborated with words such as “vulgar,” “unhealthy,” and “broken grammar.” Some say that...

Hillary Clinton running for president to be champion of America’s middle class

How will Hillary tackle income inequality in America? U.S. politics and media say that the key to success in the campaign of former U.S. State Secretary Hillary Clinton who announced her running for president with the...

Controversies over N. Korean leader’s call for ‘highest-level’ talks 

Ki Sung-yueng, Son Heung-min as promising Korean soccer players 

New year’s wishes change over time 

Samsung’s mobile phone beats Apple to top ACSI 

Actor Lee Jung-jae reported to be in a relationship with Daesang heiress 

N. Korean leader shows willingness to hold inter-Korean summit 

U.S. military base in Yongsan bans civilian drones, model aircrafts 

Japanese police on 14-year manhunt for cruel murderer


Chosun Ilbo (

Kim Jong-un's Wife Resurfaces at Soccer Game

North Korean leader Kim Jong-un and his wife Ri Sol-ju watched a soccer game in Pyongyang ahead of the birthday of his grandfather, regime founder Kim Il-sung, on Wednesday, the official Rodong Sinmun reported Tuesday. >> Full Text

China Invites Kim Jong-un to Victory Day Parade

China has invited North Korean leader Kim Jong-un to a parade marking the 70th World War II Victory Day in September, a spokesman said Tuesday. This is the first time Kim has been invited to China. >> Full Text

Women Do Most of Their Online Shopping on Monday

Women make most of their online purchases on Monday, a survey finds. Online shopping mall Auction analyzed women's purchasing pattern for the first three months of this year and found that 19.2 percent bought clothes or cosmetics items on Monday. >> Full Text

Kim Jong-un Overcomes Dynastic Fear of Flying

Official Japanese Map Identifies Dokdo as Korean

14% at Risk of Smartphone Addiction

Travel Agents Give Fat Discounts to Chinese Tour Groups

Low Interest Pushes KOSPI Toward 2,100 Points Galaxy S6 Invigorates Telecom Competition

U.S. Envoy to Throw Thank-You Party for Police, Doctors


Hankyoreh Shinmoon (

S. Korea could be headed for Japan-style long-term economic downturn

Government needs to prepare measures to address decline in productive population and high household debt

A decline in the productive population and high rates of household debt may leave the South Korean economy suffering a long-term slump like Japan’s, according to a report by a state-run think tank.The report, titled “Examining the Possibility of a Japanese-Style Long-Term Downturn for the South Korean Economy,” was published on Apr. 13 by Kang Doo-yong, a senior researcher at the Korea Institute for Industrial Economics and Trade (KIET).

Seoul issued strong condemnation of attack on South Korea embassy in Libya

The South Korean government issued a statement on Apr. 13 denouncing an attack on its embassy in the Libyan capital of Tripoli the day before by armed assailants claiming affiliation with the militant fundamentalist group Islamic State (IS).Seoul also announced efforts were under way on response measures in the wake of the attack."We strongly denounce the armed attack on the security checkpoint at our embassy in Libya, .

‘Week-to-week’ workers stuck wondering if they can pay their rent

“If I have to describe myself, I guess I’m a part-time ‘week laborer.’ I work in week-to-week units, and that’s how much I get paid.”The 27-year-old “rider,” identified by his surname Seo, likened his part-time delivery job at McDonald’s to day labor in weekly units. Last month, he worked 23 hours the first week, 38 hours the second, and 34 the third, only to see his hours drop back down to 21 the fourth week. The store when he works assigns its hours in weekly units. .

Seoul getting its first-ever vertical farm

Seoul is about to see its first vertical farm, which is an eco-friendly agricultural production system inside inner-city high-rises, in which environmental conditions such as light, temperature, humidity, and CO2 density are all automatically controlled to enable plants to be cultivated regardless of the season. What is particularly interesting is that this vertical farm will be set up in a building in a redeveloped apartment complex in Seoul that is being donated as contributed acceptance .

One year later, tears of the Sewol tragedy still haven’t dried

Gwanghwamun Square in central Seoul was a sea of tears once again on April 2. Family members of victims and survivors in last year’s Sewol ferry sinking were back in the streets, weeping as they shaved their heads. It was part of a collective protest to demand the scrapping of the administration’s enforcement decree for a special committee to investigate the tragedy, which took place almost one year ago on April 16. .

In desperate final days, Kaengnam chairman reached out to Blue House and ruling party heavyweights

Shortly before taking his own life on Apr. 9, Sung Wan-jong, former chairman of Keangnam Enterprises, made desperate calls for help, complaining of the injustice and unfairness of the prosecutors’ investigation and reaching out to the Blue House and the leadership of the ruling Saenuri Party (NFP).Thus far, a total of five figures in the Saenuri Party have said they received phone calls from Sung: party leader Kim Moo-sung; Suh Cheong-won, the senior member of the pro-Park faction of the party and a member of the party’s supreme council; current Blue House Chief of Staff Lee Byung-kee; former Chief of Staff Kim Ki-choon and Prime Minister Lee Wan-koo. .

US and Japan pushing for closer military cooperation with South Korea

The US and Japan are continuing their open courtship of South Korea as they try to strengthen military ties between the three countries. Last week, US Secretary of Defense Ashton Carter emphasized the importance of trilateral military cooperation during consecutive visits to South Korea and Japan. Now, Japan is expected to ask South Korea to sign an acquisition and cross-servicing agreement (ACSA), which would enable the military authorities of the two countries to loan each other fuel, ammunition, and other military supplies. .

More high-tech imports from China penetrating the South Korean market

The penetration rate for Chinese imports in the South Korean market is growing in high-tech areas such as semiconductors and computers, a recent research study shows.It has been pointed out that countermeasures against a likely decline in the positive balance of trade with China will be needed once the South Korea-China Free Trade Agreement goes into effect. .

North Korean real estate market: sustained boom, or bubble?

“They say there are apartments in Pyongyang selling for US$200,000.” Jung Eun-yi, a research professor at Gyeongsang National University, was talking about how rapidly housing prices in North Korea have been rising. Jung had just returned from spending January and February in Dandong, China, where she had been tracking trends in the North Korean housing market. In July 2014, the highest price for an apartment in Pyongyang that heard about in Dandong had been US$100,000. .

[News analysis] Why is the US taking Japan’s side on historical issues?

It was early this year that the US first started taking Japan’s side in its historical conflicts with South Korea. When Prime Minister Shinzo Abe announced at a New Year’s press conference in early January that he would be including reflection on war and ways of contributing to Asia and the world in a statement by Abe to be produced in August, the US praised it as a “constructive” move.


JoongAng Ilbo (conservative): (

Sung gave prime minister 30 million won

Sources tell JoongAng Ilbo of Lee’s envelope stuffed with cash

Prime Minister Lee Wan-koo received an envelope stuffed with cash for a 2013 election campaign from Sung Wan-jong, the construction tycoon who claimed before his suicide last week to have paid money to President Park Geun-hye’s inner circle for years, according to Sung’s associates...

After Libya attack, Seoul lost track of its envoy

The Ministry of Foreign Affairs belatedly revealed Tuesday it didn’t know the location of its top envoy to Libya following the shocking attack by gunmen…

In market turnaround, Kospi expected to soar

The Kospi broke through the 2,100 mark Tuesday for the first time since August 2011 thanks to a buying spree by foreign investors and positive expectations…

Criticism of meal-delivery apps is food for thought

Kim Seong-ah, a 27-year-old fashion designer, loved the idea of ordering food through an app without having to leave her couch…

Shinsegae has VIP deal with Saks Fifth Avenue

Shinsegae Department Store has signed a partnership agreement with Saks Fifth Avenue, an upscale department store chain based in New York City …

IMF trims GDP growth outlook for Korea to 3.3%

The International Monetary Fund has downgraded its economic growth forecast for Korea by 0.4 percentage point to 3.3 percent for 2015,…

Scandal sees the Saenuri stumble

The ruling Saenuri Party is facing the mounting possibility of an all-out defeat by the opposition bloc in the April 29 by-elections, having been shaken in recent days…

Kim invited by China to WWII commemoration

China said on Tuesday it has invited North Korean leader Kim Jong-un to attend a ceremonial military parade in Beijing to commemorate the 70th anniversary …

Assembly resolution lashes out at Japan’s moves

The National Assembly has adopted a resolution condemning what it called Japan’s continuing efforts to “distort history” and “encroach on the territorial sovereignty of Korea,” …

Journalist to return to Japan

South Korea has lifted an overseas travel ban on a Japanese journalist charged with defaming the South Korean president.…

NTS wins four-year legal dogfight

The National Tax Service (NTS) has finally succeeded in slapping 68 billion won in corporate taxes on a TMW Fund…

Top forecasters say Korea will defy U.S. on won

Korea is set to defy U.S. pressure for won intervention to be reined in and will engineer a weaker exchange rate to support exports, top forecasters say. …

Surging market finally closes above 2,100

Seoul shares broke through the 2,100 barrier for the first time in 44 months, thanks to continuing high liquidity worldwide and growing expectations…


Maeil Kyungje (neutral-oriented conservative, economic/business): (

Evolution of smartphone cameras

With smartphone penetration surpassing 70 percent, phone camera functions are merging as a key factor for purchasing. As such, smartphone manufacturers are devoting al.. ...04.14 18:07

Saenuri Party urges probe into PM over corruption scandal

The ruling Saenuri Party Tuesday called on prosecutors to launch a prompt probe into prime minister Lee Wan-goo on allegations that he had received a kickback of 30 mi.. ...04.14 17:55

S. Korea to correct ‘hereditary employment’ provision

The South Korean government has decided to request companies and labor unions to remove the provision of preferential and special recruitment for family members of the.. ...04.14 17:27

Travel ban lifted on Japanese journalist

Tatsuya Kato left for Japan on Tuesday after an exit ban was lifted. The former Seoul bureau chief of Japan`s Sankei Shimbun newspaper was indicted of defaming South K.. ...04.14 17:07

German and Japanese bearing suppliers fined $63mn for price rigging

South Korean anti-trust watchdog decided to fine Japanese and German bearing firms, accusing them of colluding on the prices of bearings used in auto transmissions for.. ...04.14 11:24

POSCO to sell POSCO E&C stake at right price

Regarding the stake investment by the Public Investment Fund (PIF), a sovereign wealth fund of Saudi Arabia, in POSCO Engineering & Construction, POSCO, a South Koran .. ...04.14 11:06

Ruling party calls for probe into fundraising for 2012 presidential electi..

The so-called ‘Sung Wan-jong list’ left by the late chief of Keangnam Enterprises will likely spill over into the fundraising for the 2012 presidential election. Kim.. ...04.14 10:50

BOK says S. Korea’s growth could sink to 2.3 %

The Bank of Korea (BOK), South Korea’s central bank who officially studies and announces the nation’s economic growth rate, predicts this year’s economic growth to .. ...04.14 10:41

Deregulation estimated to create more jobs than fiscal spending: study

If the auto tuning industry rules are loosened, this might create up to 23,000 jobs by 2020. Additionally, when the 68 working hour per week is shortened to 52 hours f.. ...04.13 17:59

S. Korean industry seeks partnership to target global water market

Many Korean public and large private companies are knocking on the doors of the global water market but their limit is pronounced. More than 86 percent of water rela.. ...04.13 17:51


The Kyunghyang Shinmoon (

[One Year after the Sewol: Anger] Government Talks of Money, but Not the Truth

At midnight on April 8, Gwanghwamun Square in Seoul was noisy with the sound of the speeding cars. But silence passed at one side of the square where the gaze o···

[Editorial] Kim Moo-sung's Cowardly Attempt to Distract the Public with an "Investigation on Presidential Election Funds"

As the scandal of the Sung Wan-jong list spreads to an issue concerning Park Geun-hye's election funds in the 2012 presidential election, Saenuri Party leader ···

A Special Investigation Team for the Sung Wan-jong List: President Park Orders Strict Actions Leaving 'No Sanctuary'

The Prosecutors' Office has launched a formal investigation into the allegations that Sung Wan-jong, former chairman of Kyungnam bribed politicians. The invest···

[Editorial] The Determination to Improve Inter-Korean Relations Is More Important Than the President's Trip to Russia

President Park Geun-hye decided not to attend a ceremony celebrating the seventieth anniversary of Russia's victory in World War II, scheduled to be held on Ma···

[1 Year after the Sewol: Memories] When I See the Cherry Blossoms, I Feel like My Friends Will Come Asking to Take Pictures

* The Students Now in Their Senior Year * Cherry blossoms are everywhere, just like a year ago. The children go through life as an average high school senior, ···

Prime Minister Lee Wan-koo, 'Japan's Distortion of History Is Denying Our National Spirit'

Prime Minister Lee Wan-koo, 65, gathered the press for an unscheduled press conference on April 9 and strongly condemned the Japanese Agency for Cultural Affair···

Employment Remained Stagnant in Top 30 Business Groups Last Year: Quality of Jobs Deteriorates as Temporary Jobs Increase

Employment in the nation's top thirty business groups grew by only 1.3% last year, showing that employment was virtually at a standstill. The growth rate was f···

[Editorial] On What Grounds Does the U.S. Claim North Korea Has ICBMs?

The Sixth Commander of the U.S. Northern Command William Gortney, who oversees the defense of the North American continent, said on April 7 that North Korea had···


The Korea Economic Daily (

Korea's Bid to Become No. 3 Stakeholder in AIIB May Be Dashed

South Korea's bid to become one of the top-three stakeholders in the Chinese-led Asian Infrastructure Investment Bank is likely to be dashed. As much more countries are taking part in the initiative as members, it looks like South Korea may not be even part of top-five stakeholder countries. A high-r...

[Market Insight] Grand Korea Leisure to Build Casino Resort in Yeongjong Island

Grand Korea Leisure, a subsidiary of the Korea Tourism Organization, will build a casino resort in Incheon's Yeongjong Island jointly with Mohegan Sun, a U.S.-based casino operator. The first-stage construction project will take about 1 trillion won, with a 51-percent stake held by the Korean partne...

Era of 20,000 TEU Containerships Is Here

The era of 20,000-TEU containerships has opened as Samsung Heavy Industries won on March 2 an order to build a containership capable of carrying 21,000 containers with the length of 20 feet (6.1 meters). As Hanjin Heavy Industries and Japan's Imabari Shipyard also landed similar deals immediately th...

Hyundai Department Store Group Launches into Rental Business

Hyundai Department Store Group, one of Korea’s big three retail giants, is set to launch into the rental care market. The group announced on April 14 that it would establish “Hyundai Rental Care” to make forays into the rental care business. Hyundai Home Shopping will invest 60 billion won to hav...

Korea Gains Larger Share in Global TV Market

The competitive landscape in the global TV market, which has been dominated by three major countriesKorea, China and Japan, has showed signs of changing. Unlike one or two years ago when Chinese TV companies were rapidly catching up with the front-runners of Korea and Japan, last year’s figures sh...


AJU Business Daily (

KakaoStory most-used SNS among South Koreans: poll

KakaoStory was the most-used social networking service (SNS) among South Koreans in 2014, a poll said Tuesday. According to the survey of 9,381 Internet users aged between 13 and 69, 51.8 percent o…

S. Korea's electric car market likely to expand 5-fold until 2016

South Korea's electric car market is expected to grow more than five-fold until next year, officials said Tuesday. The number of electric vehicles (EVs) in the country totaled 3,044 units as of…

S. Korea's share of global TV market grows in 2014: research firm

South Korean TV makers saw their global sales grow in 2014 from the previous year, while sales by their Chinese and Japanese rivals dropped during the same period, a market research firm said Tuesday.…

Export and import prices rise for 2 months on weak local currency: central bank

South Korea's export and import prices increased for the second straight month in March, the central bank said on Monday. The Export Price Index (won basis) increased 0.9 percent last month fro…

S. Korea's meat consumption jumps nearly 4-fold in 3 decades: gov't

South Koreans' consumption of meat has increased nearly four-fold for the past three decades, government data showed Monday. The country's per-capita consumption of meat reached 42.7 kilogr…

S. Korea's steel imports rise 4.1% on-year in March

Imports of steel products increased in March from a year earlier after sliding for two straight months, industry data showed Friday. The country imported 2.01 million tons of steel products last mo…

Hyundai Starex mini van popular among campers

On the back of the camping boom, Hyundai Motor's Starex mini van continues to be popular among South Korean campers. Sales of the Starex rose 4.4 percent to 12,607 units in the first half from…

Moody's upgrades S. Korea's outlook to 'positive'

A global rating agency Friday upgraded South Korea's credit rating outlook to "positive" from "stable" and retained its sovereign rating of "Aa3," citing "improved management of public corporation…

Central bank lowers 2015 growth forecast to 3.1%

South Korea's central bank Thursday lowered its 2015 growth forecast for the country's economy to 3.1 percent from an earlier estimate of 3.4 percent. Governor Lee Ju-yeol of the Bank of Ko…



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