President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC).Kim Sang-jo, a economics professor from Seoul's Hansung University, has been nominated as the new head of the FTC, according to the presiden
Middle-aged South Koreans who live with or support their parents financially feel the heaviest burden when bearing their medical bills, but some saw it as a duty that has to be fulfilled even if means getting loans or giving up on their own savings, a survey said Wednesday.In the poll of 1,000 peopl
The United States military stationed in South Korea has informed the host country of its detection of a recent North Korean missile launch, but important facts were omitted in the information sharing, sources said Wednesday.Following North Korea's ballistic missile launch on early Sunday, the U.
Samsung Electronics Co. is set to release the flagship Galaxy S8 in China this month, industry sources said Wednesday, amid hope that the device will help revitalize its brand reputation tainted by the ill-fated Galaxy Note 7 in Asia's No. 1 smartphone market.Industry watchers said the South Kor
President Moon Jae-in's special envoys began embarking on trips Wednesday to discuss possible summit talks between the new South Korean leader and his counterparts in the United States, Japan, China and Russia.Rep. Moon Hee-sang of the ruling Democratic Party headed to Tokyo where he was expecte
South Korea's credit card spending jumped nearly 14 percent in March from a year ago on higher oil prices and a rise in the number of outbound travelers, data showed Wednesday.Credit card purchases totaled 66.4 trillion won (US$59.5 billion) in March, up 13.7 percent from the same month a year e
The United States will further strengthen sanctions on North Korea and go after third-country entities supporting the communist regime, U.S. Ambassador to the United Nations Nikki Haley said Tuesday.Speaking before an emergency meeting of the U.N. Security Council convened to discuss the North's
The Korean daily media headlines and humorWednesday May 17, 2017 Your Excellency: Here are The Korea Post notices and a roundup of importantheadlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours /s/ Lee Kyung-sikPublisher-ChairmanKorea Post
South Korean President Moon Jae-in's special envoy will leave for China later this week to deliver the president's message and discuss cooperation, the Chinese foreign ministry said Tuesday.On Monday, Moon named former prime minister Lee Hae-chan as his special envoy to China. He is tasked w
South Korea and the United States agreed Tuesday to work toward the "complete" denuclearization of North Korea, also vowing to seek new and practical ways to rid the communist North of its nuclear weapons, Seoul officials said.The agreement came at a meeting between South Korean officials and U.S.
South Korea's Defense Minister Han Min-koo warned Tuesday that his country will launch a pre-emptive strike if there are clear signs of an imminent North Korean missile attack.His remarks came two days after the communist state fired another ballistic missile, which it claimed was a mid- to long
The United Nations Security Council on Monday condemned North Korea for its latest ballistic missile test, warning that it will implement further sanctions over its provocative acts.In a statement, adopted unanimously, the 15-member council urged the communist nation to show "sincere commitment to
South Korea, the United States and Japan agreed Tuesday to promote trilateral cooperation to tackle North Korea's belligerence highlighted by another ballistic missile launch last weekend.The regional powers strongly denounced Pyongyang for the missile test, as their working-level defense offici
Senior White House officials were set to hold talks with their South Korean counterparts in Seoul on Tuesday on a possible summit between their leaders and ways to deal with communist North Korea.The U.S. delegation, led by National Security Council (NSC) director for East Asia Matt Pottinger, was s
The ruling Democratic Party on Monday carried out a major personnel shake-up as part of its post-election reform efforts, which it said aim to better support new President Moon Jae-in.It appointed third-term lawmaker Lee Choon-suak secretary-general and another third-term lawmaker Kim Tae-nyeon poli
North Korea said Monday it has successfully tested-fired a new mid-to-long-range ballistic missile that can carry a large nuclear warhead, claiming that the U.S. mainland is within its striking range.North Korea said that a "large-size heavy nuclear warhead" can fit on its new ground-to-ground mis
North Korea's latest intermediate-range ballistic missile test will likely limit the maneuvering room of President Moon Jae-in seeking dialogue with Pyongyang, instead setting the stage for Washington to employ tougher sanctions, experts said Monday.North Korea said that it successfully fired a
South Korea's new Moon Jae-in government will push to introduce a cap on household debt to prevent it from rising further and thus straining Asia's fourth-largest economy, a chief adviser to the president said Monday.The Moon administration will place restrictions on total household indebted