The Korean daily media headlines and humorTuesday July 16, 2019Round-up of important news from major Korean dailies and from international media todayThe Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.2 firms fined 5.1 bln won over price fixingSouth Korea's anti
South Korea's antitrust regulator said Monday that it has fined two companies a combined 5.1 billion won (US$4.3 million) for colluding to fix their process oil bidding prices for petrochemicals firm Kumho Petrochemical. Michang Oil Ind. Co. and Brico International colluded to fix quotations on
Trade tensions between South Korea and Japan are escalating as Tokyo seems to be preparing to expand the scope of its export controls beyond high-tech materials to a wide spectrum of areas, which could disrupt the global supply chain, industry watchers said Monday. Japan began applying stricter expo
President Moon Jae-in on Monday vowed not to succumb to Japan's economic pressure, warning that the neighboring country will suffer greater economic damage should their trade stand-off continue. He stressed that Tokyo's tougher export restrictions, which target firms here, will be counterpro
By Publisher Lee Kyung-sik with Senior Editors Choe Nam-suk, Mme. Cho Kyung-hee, Reporters Kim Jung-mi, Paul Kim (Kim Do-kyun)The Bastille Day of France 2019 in Seoul was celebrated on the Dung-Dung-Seom ‘Floating Island’ on the southern bank of the Han River near the southern end of the Grand Banpo
The Korean daily media headlines and humorMonday July 15, 2019Round-up of important news from major Korean dailies and from international media todayThe Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Moon apologizes for failure to keep campaign pledge on minimum wag
Returning from a trip to the United States for consultations on Japan's recent export curbs, a top Cheong Wa Dae official said U.S. officials expressed understanding of Seoul's position on the matter. Kim Hyun-chong, deputy chief of Cheong Wa Dae's National Security Office, said he "ade
Defense Minister Jeong Kyeong-doo called for measures to tighten discipline among soldiers following revelations that a Navy officer forced one of his subordinates to make a false confession during a probe in a manhunt case, the defense ministry said Sunday. Jeong issued the order after being briefe
Samsung Electronics Vice Chairman Lee Jae-yong secured emergency stockpiles of three key high-tech materials subject to Tokyo's export restrictions against South Korea during his recent trip to Japan, sources said Sunday. Sharing the results of his trip, Lee told a special meeting held Saturday
President Moon Jae-in offered a public apology Sunday for an apparent failure to keep his campaign pledge to raise South Korea's minimum wage to 10,000 won (US$8.48) per hour by 2020. Moon delivered the message through his chief of staff for policy, Kim Sang-jo. "As the president, it's very
U.S. officials have expressed concern that tensions between South Korea and Japan over Tokyo's export restrictions against Seoul are not conducive to trilateral cooperation between the three countries, Seoul's deputy national security adviser said Saturday.Kim Hyun-chong, deputy chief of Che
The United States and North Korea are anticipated to announce the schedule of their working-level talks next week, the special security adviser to President Moon Jae-in said Saturday.The remark came after U.S. President Donald Trump and North Korean leader Kim held an impromptu meeting at the inter-
Hyundai Mobis Co., South Korea's biggest auto parts maker, said Sunday that, starting from 2021, it will apply an advanced forward collision avoidance system to trucks and vans produced by Hyundai Motor Co. Hyundai Mobis has developed the driver state warning (DSW) system, which d
A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones to provide a trustworthy and secure solution, they said Sunday. Samsung Electronics Co., three mobile carriers -- SK Telecom Co.
For South Korea, the host country of the ongoing FINA World Championships, Kim Su-ji's bronze medal in the women's 1m springboard diving on Saturday meant more than just the numeral "1" on the medal table. Thanks to Kim's out-of-the-blue medal in Gwangju, 330 kilometers
The U.S. House of Representatives has passed an amendment to a bill calling for a formal end to the 1950-53 Korean War, advocacy groups said Friday.The text, led by Reps. Ro Khanna (D-CA) and Brad Sherman (D-CA), was passed Thursday as an amendment to the National Defense Authorization Act for fisca
Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder in South Korea, said Friday it has signed a strategic partnership with global engine makers to boost its effort to build smart ships. Daewoo Shipbuilding said it will join hands with German-based MAN Energy Solutions SE
Samsung Electronics Co. Vice Chairman Lee Jae-yong returned Friday from Japan amid the neighboring nation's curbs on high-tech exports to South Korea.The heir apparent of Korea's biggest conglomerate, Samsung Group, flew to Tokyo on Sunday, three days after Japan implemented export restricti
Japan reaffirmed on Friday that it has no intention to lift export curbs against South Korea, indicating that the trade row between the neighbors could last longer than expected, Seoul's trade ministry said.During a working-level meeting in Tokyo earlier in the day, the Japanese side claimed tha
ChongKunDang Pharm has dedicated an anti-cancer drug plant in Indonesia, which will serve as a springboard for its global reach. The dedication ceremony was held jointly with local pharmaceutical company OTTO at Cikarang Industrial Estate, 50km from Jakarta, on July 9.Attending the ceremony were Nil