• HiteJinro to open beer plant in Vietnam

    HiteJinro is looking to build a beer plant in either Vietnam or the Dominican Republic to seek more resilient growth, a company executive said in a recent interview. “If we decide to build a plant outside Korea, it will be in Vietnam. The Dominican Republic could be another option depending…

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  • 15 may face homicide charges

    The prosecution said Monday that it is considering filing negligent homicide charges against 15 crewmembers of the Sewol who escaped the sinking ferry without evacuating passengers. This is the first time that prosecutors have hinted that all the sailors who were working on the ill-fated ship may be subject to…

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  • Coward!

    Captain in underwear captured jumping ship ahead of passengers Captain Lee Joon-seok of the sunken ferry Sewol was seen sliding out of the ferry Sewol to be rescued ahead of other passengers in video clips released Monday by the Coast Guard. By the time a rescue boat reached the front…

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  • K-literature reaches more readers

    Following international exposure at the London Book Fair on April 8-10, worldwide interest in Korean literature is gaining momentum. A slew of translated versions of Korean novels and poems have been published in various countries from the United States to Singapore in an effort to attract a broader readership. Supported…

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  • Trade between S. Korea and Turkey jumps over 30 pct under free trade pact

    Trade between South Korea and Turkey has jumped more than 30 percent over the past year under a bilateral free trade agreement (FTA) aimed at lowering the overall trade barriers, customs data showed Monday. The two countries enacted the FTA for goods on May 1, 2013, lowering or removing their…

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  • Hanwha’s solar biz to bounce back

    Hanwha Group predicts that its solar energy businesses will bounce back thanks to lower production costs and a steady increase in demand, the company said Sunday. The conglomerate said it expects that the quarterly sales of its energy business units ― Hanwha Q Cells and Hanwha SolarOne ― will turn…

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  • Park accepts PM’s resignation

    Chung to stay until disaster is dealt with President Park Geun-hye Sunday decided to accept Prime Minister Chung Hong-won’s resignation for mishandling the Sewol disaster. However, presidential spokesman Min Kyung-wook quoted President Park as saying that the top priority is to deal with the aftermath of the nation’s worst maritime…

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  • Sorrow shared at buddhists’ lantern parade

    Koreans and foreigners, believers and nonbelievers alike joined hands in consoling the loss of lives in the ferry Sewol disaster in an annual Buddhist lotus lantern festival in Seoul, Saturday. Thousands watched the parade stretching from Dongguk University to Jogye Temple wearing yellow ribbons in symbolic commiseration. This year’s parade…

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  • GDP grows at fastest pace in 3 years

    The economy recorded its fastest growth in three years in the first quarter, according to the central bank, Thursday. The Bank of Korea (BOK) said the nation’s gross domestic product (GDP) rose 3.9 percent from the preceding January-March period. It marks the fastest yearly growth since the first quarter of…

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  • SK hynix enjoys sold sales, profits

    Memory chip maker surpasses 1 trillion won in operating profit SK hynix Thursday said it posted an operating profit of 1.05 trillion won in the first quarter, surpassing the initial market estimation of 978 billion won. The world’s second-largest chip maker is expected to enjoy robust sales for the rest…

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