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Society
Park Chu-young “I will do my military duty”
Arsenal forward Park Chu-young broke his silence Wednesday and clarified the position on the controversial delaying of his mandatory military service at a press conference at the Korea Football Association in Seoul. He did not, however, give a specific time frame as to when he would complete his national service.…
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IT-Science
Samsung hopes China will help soften crisis
Samsung Electronics is preparing to make China the new center of its activities, hoping that a strengthened position in the world’s fastest-growing economy will provide a cushion to absorb business rockiness in shell-shocked nations in the West. To explore new business opportunities Choi Gee-sung, the former Samsung Electronics CEO who…
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Korea prohibits trade of online game items
Korea has decided to ban trade for commercial game items from the second half of this year as a measure aimed at encouraging students to not waste time. The Ministry of Culture, Sports and Tourism has announced that it is planning to halt all virtual item trades with a new…
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Politics
‘We can turn China into blessing’
China is a blessing to Korea rather than a curse, a China expert said Wednesday. “I think it is a blessing to have a country like this next to us,” said Seok Tong-youn, 58, secretary-general of the state-run Northeast Asian History Foundation (NAHF). “China is turning from being the world’s…
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Business
‘Don’t blame FTA for Korean cars’ popularity in EU’
Korea’s auto trade group refuted Wednesday European carmakers’ allegation that the free trade agreement (FTA) between Korea and the European Union solely contributed to a sharp rise in Korean car sales in Europe. The Korea Automobile Manufacturers Association (KAMA) said the allegation is “misleading” on the positive effects of FTA…
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UN chief wins Seoul peace prize
United Nations Secretary Gerneral Ban Ki-moon was named Tuesday as the winner of this year’s Seoul Peace Prize, the prize foundation said. Ban was chosen for promoting the rights of women and children, efforts to eliminate poverty in developing nations, and contributing to the democratization of Middle East countries, the…
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IT-Science
SK hynix establishes R&D center in Italy
SK hynix announced Tuesday that it has established its first European research center by acquiring an Italy-based flash-type chip producer. This is the first time for the Korean chipmaker to buy a foreign firm in a decade. Early this year, Korea’s biggest mobile carrier SK Telecom purchased a controlling stake…
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Business
‘Cool-biz’ dress code in vogue
Japan initiated the current global trend for the “cool-biz’’ dress code as part of its efforts to reduce electricity consumption, following an explosion at the Fukushima nuclear power plant early last year after an earthquake triggered a tsunami. Since the incident, the Japanese government has shut down all nuclear power…
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North Korea’s meddling faces constraints
North Korea’s ability to interfere in the South’s elections could be waning despite a recent media blitz targeting conservative lawmakers, analysts said Tuesday. In its latest attempt, Pyongyang threatened Monday to expose remarks made by Reps. Park Geun-hye and Chung Mong-joon and Gyeonggi Province Governor Kim Moon-soo during respective visits…
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Man-eating shark caught in East Sea
Summer vacationers hoping to frolic on the east coast will need to be extra careful as man-eating sharks have been spotted there. The Pohang Coast Guard said Monday that a shortfin mako shark measuring 1.5-meter-long was found dead in the net of a fishing boat operating two kilometers off the…
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