Seoul cancels construction permit for new Japanese Embassy building
The construction permit for a new Japanese embassy building in central Seoul has been revoked due to construction delays, municipal officials said Wednesday. Seoul’s Jongno Ward Office said it notified the Japanese Embassy on March 4 of the cancellation of the building permit issued in 2015. The revocation came as the Japanese government has delayed […]
Personal pension savings rise 4.9 pct in 2018
South Korea’s personal pension savings rose 4.9 percent last year from a year ago, thanks to robust demand for nest eggs after retirement, data showed Tuesday. The nation’s personal pension savings reserves stood at 135.2 trillion won (US$118.2 billion) in 2018, up 6.4 trillion won from a year earlier, according to the data by the […]
Debate brews in S. Korea over political donations on social media
A conservative politician known for relentless attacks on his rivals appeared in a livestream video to mark his YouTube channel hitting 10 million views just one month after its opening in December last year. Hong Joon-pyo, former chief of the main opposition Liberty Korea Party (LKP), unleashed a barrage of attacks on the liberal government’s […]
More than 470 homes damaged, 800 people displaced following deadly blaze
More than 470 houses were confirmed to have been burned, with more than 800 residents displaced in a devastating forest fire that raged through east coastal regions last week, government data showed Monday, as more damage has been discovered after the blaze was brought under control. The fire, which started Thursday night in the county […]
President Moon to meet Trump ahead of apparent talks with N. Korea
President Moon Jae-in will visit the United States this week for talks with President Donald Trump that will focus on ways to restart denuclearization negotiations with North Korea, officials from Seoul’s presidential office Cheong Wa Dae said Tuesday. Moon will head to Washington on Wednesday for his two-day visit. He and Trump will meet Thursday […]
N. Korea to focus on securing Tokyo Olympic spots: sports minister
North Korea will concentrate all its forces on securing 2020 Tokyo Olympic spots this year, a pro-North Korea newspaper in Japan reported Friday, citing Pyongyang’s sports minister. The Chosun Sinbo said that North Korean Sports Minister Kim Il-guk unveiled the communist state’s 2019 objectives in sports at its National Olympic Committee meeting in Pyongyang on […]
S. Korea: two years on, Internet-only banks bring about changes to financial sector
In the two years since the launch of the country’s first Internet-only bank, South Korea’s banking sector has moved towards digitalization to better satisfy customers’ growing appetite for convenient and diverse financial experiences. As new Internet-only banks get ready to set sail next year, competition in the industry is expected to get tougher, requiring existing […]
South Korea: gov’t declares state of disaster for Goseong inferno
The South Korean government declared a state of national disaster Friday over the massive blaze that has engulfed five cities and counties along the northeastern coast. The announcement came after Prime Minister Lee Nak-yon said he had recommended President Moon Jae-in take the measure. “The government will also decide whether to designate the affected areas […]
20th Jeonju Int. Film Festival to feature 262 films from 52 countries
The annual international film festival hosted by the South Korean heritage city of Jeonju will show 262 films from 52 different countries as it rolls out the red carpet early next month, the event’s organizer said Wednesday. The 20th Jeonju International Film Festival (JIFF) will kick off its 10-day run on May 2 with this […]
S. Korea: Growing number of women disagree with traditional gender roles
About 7 out 10 married women disagree with the traditional gender roles of breadwinning husbands and homemaker wives, although a majority of the women acknowledge that mothers are better at raising children, a survey said Thursday. A total of 10,630 married women aged 15 to 49 were polled for the survey by Korea Institute for […]
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