South Korea scrambled Air Force jets Wednesday to counter a Chinese military plane flying in the country's air defense domain without notice, defense authorities in Seoul said.It entered the Korea air defense identification zone (KADIZ) at around 7:37 a.m. and moved over southern and eastern wat
Culture ministers from South Korea, China and Japan began their three-day annual meeting in Harbin, China, on Wednesday, the South Korean culture ministry said.Culture ministers Do Jong-whan of South Korea, Luo Shugang of China and Yoshimasa Hayashi of Japan will discuss ways to expand trilateral cu
Chuseok is one of the largest gifts giving holidays in Korea, and to help you acquire the perfect gifts for treasured family, colleagues and business associates, Millennium Seoul Hilton is offering several luxury gift hamper sets for sale. Gift hampers go on sale from Monday, August 27th through to
Wednesday, August 29, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.S. Korea to hike budgets for joint projects with N. Korea in 2019South Korea said Tuesday it wi
Hotel Shilla Co., on Tuesday won the right to operate a duty-free shop at Gimpo International Airport in Seoul, the local committee in charge of the selection said.Hotel Shilla, an affiliate of the country's top conglomerate, Samsung, defeated Lotte Group in the bid, after the two were chosen as
South Korea is seeking to increase its defense budget 8.2 percent on-year in 2019, the largest expansion since 2008, as the country strives to build a slimmer yet smarter military and cope with the uncertain security environment.The defense ministry said Tuesday it has proposed a budget of 46.7 tril
South Korea said Tuesday it will expand the inter-Korean cooperation fund 14.3 percent on-year to 1.1 trillion won (US$990 million) in 2019, reflecting the recent peace mood highlighted by the April 27 summit deal.Especially, the budgets for cross-border projects such as the modernization of the Nor
Tuesday, August 28, 2018 Emphasizes CEO Yoo-cheol Woo of Hyundai Steel‘Business should be run in a nature-friendly way!’By Park Byung-uk, vice president/editorial writer (industry)This is the first installment in a series of articles on leading business companies in Korea and around t
By Park Byung-uk, vice president/editorial writer (industry)This is the first installment in a series of articles on leading business companies in Korea and around the world covered by the writer, a specialist in the business world in Korea and outside world. Park was formerly the director of the Bu
Selling coffee will be completely banned at elementary, middle and high schools starting mid-September, the food ministry said Tuesday.The ban will become effective as of Sept. 14 following a law revision, according to the Ministry of Food and Drug Safety. Foods and beverages with high levels of caf
Samsung Electronics Co.'s new smartphone, the Galaxy Note 9, is receiving favorable reviews from global tech experts for its excellent display and Bluetooth stylus, industry sources said Tuesday."The Samsung Galaxy Note 9 is the most functional, feature-packed, and premium Android smartphone in
South Korea's consumer confidence plunged to a 17-month low in August due largely to a sluggish job market and inflation, central bank data showed Tuesday.The composite consumer sentiment index (CCSI) for this month stood at 99.2, down 1.8 points from the previous month, according to the survey
Monday, August 27, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.N. Korea's media report on weeklong reunions of war-torn familiesNorth Korea's media repor
The suspected massive opinion rigging led by a political blogger was ultimately aimed at influencing public sentiment in favor of the now-ruling Democratic Party in the run-up to last year's presidential election, special prosecutors said Monday.Special counsel Huh Ik-bum announced the result of
President Moon Jae-in on Monday stressed the need to expand national pension payments, a move that would inevitably lead to a rise in premiums, but said any change must be based on a national consensus."The national pension, fundamentally, is an official welfare system operated by the government in
North Korea's media reported Monday on the weeklong reunions of hundreds of families separated by the 1950-53 Korean War.South and North Korea held the event in two rounds from Aug. 20-26 at Mount Kumgang, a scenic resort on the North's east coast. It is part of the promise their leaders mad
GS Group, a South Korean energy, retail and construction conglomerate, said Sunday it will invest 20 trillion won (US$17.8 billion) over the next five years to foster new growth businesses and expand its presence in overseas markets.GS Group said it will invest 14 trillion won to build new petrochem
South Korea's trade promotion agency said Sunday it will provide customized consulting services to beef up efforts to help small and medium-sized enterprises (SMEs) tap into overseas markets.The Korea Trade-Investment Promotion Agency (KOTRA) said it will increase the number of employees tasked
Elderly South Koreans headed back home Sunday after brief, emotional meetings with their long-lost kin residing in North Korea in the second round of the latest family reunions.More than 300 South Koreans, from 81 families, left the North's Mount Kumgang resort by bus at about 1:20 p.m., wrappin
South Korea's corporate watchdog said Sunday the number of conglomerate subsidiaries subject to inter-affiliate trading regulations is expected to triple under a new tighter asset standard.The Fair Trade Commission (FTC) said it will revise the antitrust law to ban inter-affiliate trading within