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The Korea Times
Thu, May 26, 2022 | 19:35
The Korea Times close
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latest news
  • Employers criticize Supreme Court ruling against peak wage system
  • 'They're going to be elected, anyway'
  • NIS director nominee vows to cooperate with Five Eyes intelligence-sharing alliance
  • Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com
  • British TV presenter views 'brutal' netizens as challenge to Korean entertainment
  • North Korea COVID situation 'very worrying' for mutations: experts
  • DPK interim leader's push for 586 Generation politicians to step aside meets resistance
  • President Yoon fills two remaining Cabinet minister positions with women
  • Undocumented resident gets 1.5-year jail term for financing Syria-based terrorist group
  • [INTERVIEW] German professor hopes to boost appreciation for Korean traditional music
  • [INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag
  • [INTERVIEW] Immunomic Therapeutics CEO expects meaningful test results for brain tumor drug
  • Young Koreans more pessimistic about economy than global peers: Deloitte survey
  • South Korean military to start using more advanced helmets this year
  • Corporate sponsors in dilemma over Son Heung-min's skyrocketing model fee
  • Seventeen donates for children's education to mark debut anniversary
  • Korean NAND flash suppliers account for more than half of global market in Q1: report
  • FSS extends inspection on scandal-tainted Woori Bank
  • Eximbank awarded for supporting SMEs in exports
  • Court rules aggregated punishment for repeat DUI offenses unconstitutional
Why doesn't US want to add South Korea to Quad?
Why doesn't US want to add South Korea to Quad?
Despite the Yoon Suk-yeol administration's desire to formally join the Quadrilateral Security Dialogue (Quad), the United States has not been enthusiastic about adding Korea to the four-way strategic forum, aimed at purportedly containing China's assertiveness. The Quad is comprised of Australia, India, Japan and the U.S. The U.S. stance contrasts sharply with Washington's warm welcome to Seoul's decision to participate in the Indo-Pacific Framework (IPEF), a recently launched economic initiative that also seeks to counter Beijing's growing influence in the region.Diplomatic observers believe that the unexpected U.S. response may have to do with its desire not to alienate China further, which could respond strongly to Korea's participation in the Quad, while Washington may also have considered potential Japanese resistance due to its frayed bilateral ties with Korea that could detract from the overall goals of the four-way forum.
BOK raises key rate to 1.75%, signals more hikes soon
BOK raises key rate to 1.75%, signals more hikes soon
The Bank of Korea (BOK) hiked its key interest rate by a quarter percentage po...
Fed officials stress 'determination' to bring down inflation
SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth
SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth
Following Samsung Group and Hyundai Motor Group's massive investment plans, ot...
Exchanges cry foul over gov't move to blame them for Luna's collapse
Exchanges cry foul over gov't move to blame them for Luna's collapse
Cryptocurrency exchanges are crying foul over the government's move to shift the responsibility on them for the recent crash of the Terra ...
[INTERVIEW] Korea should open bio-related big data to private sector
[INTERVIEW] Korea should open bio-related big data to private sector
One of the key takeaways of U.S. President Joe Biden's recent meeting with President Yoon Suk-yeol was the commitment and reaffirmation by...
It's now or never: Take action before it's too late
It's now or never: Take action before it's too late
Dear Mr. President, Please kindly accept my congratulations on your victory in the presidential election.
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Daily Fortune
Employers criticize Supreme Court ruling against peak wage system
Employers criticize Supreme Court ruling against peak wage system
Business lobby groups expressed concerns, Thursday, about potential side effects from the Supreme Court's ruling against the peak wage system, which has been implemented by many ...
Supreme Court rules against peak wage system
NIS director nominee vows to cooperate with Five Eyes intelligence-sharing alliance
NIS director nominee vows to cooperate with Five Eyes intelligence-sharing alliance
Kim Kyou-hyun, the nominee for National Intelligence Service (NIS) director, said he would cooperate with the Five Eyes, an intelligence-sharing alliance among five English-speak...
British TV presenter views 'brutal' netizens as challenge to Korean entertainment
British TV presenter views 'brutal' netizens as challenge to Korean entertainment
A British adventurer, who has also worked as a television presenter in Korea, mentioned “criticism from netizens” as one of the difficulties actors face in the Korean television ...
DPK interim leader's push for 586 Generation politicians to step aside meets resistance
DPK interim leader's push for 586 Generation politicians to step aside meets resistance
Park Ji-hyun, the co-interim leader of the liberal Democratic Party of Korea (DPK), is seeking to bring change in the giant main opposition party by proposing that senior lawmake...
Undocumented resident gets 1.5-year jail term for financing Syria-based terrorist group
Undocumented resident gets 1.5-year jail term for financing Syria-based terrorist group
An undocumented resident of Russian nationality who sent 8.2 million won ($6,500) in cash to a Syria-based terrorist group was sentenced to 1.5 years in prison, along with a cour...
[INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag
[INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag
With President-elect Yoon Suk-yeol set to take office on May 10, Lee Gyu-tag, a K-pop expert and associate professor of cultural studies at George Mason University Korea, is call...
Young Koreans more pessimistic about economy than global peers: Deloitte survey
Young Koreans more pessimistic about economy than global peers: Deloitte survey
Members of Gen Z and the Millennial generation around the world are generally concerned about financial matters, but Korea's younger generation appears to be more concerned and p...
Corporate sponsors in dilemma over Son Heung-min's skyrocketing model fee
Corporate sponsors in dilemma over Son Heung-min's skyrocketing model fee
A number of companies are facing a dilemma over whether to extend their advertisement contracts with football star Son Heung-min as his modeling fees have skyrocketed in line wit...
Korean NAND flash suppliers account for more than half of global market in Q1: report
Korean NAND flash suppliers account for more than half of global market in Q1: report
Samsung Electronics and SK hynix took up more than half of the global NAND flash memory chip market in the first quarter, a report showed Thursday, up by more than 8 percent from...
Eximbank awarded for supporting SMEs in exports
Eximbank awarded for supporting SMEs in exports
The Export-Import Bank of Korea (Eximbank) got a presidential commendation for supporting the country's small and medium-sized enterprises (SMEs) in their exports. According to E...
Desperation becomes sorrow after elementary school shooting
Desperation becomes sorrow after elementary school shooting
Desperation turned to heart-wrenching sorrow for families of grade schoolers killed after an 18-year-old gunman barricaded himself in their Texas classroom and began shooting, ki...
Diesel, gasoline prices top 2,000 won amid tight supply
Diesel, gasoline prices top 2,000 won amid tight supply
The price of diesel and gasoline in Korea both climbed to over 2,000 won (US$1.58) per liter Thursday on a continued tight global supply, industry data showed.
Number of big foreign investors in Korean stocks dips over 6 years
Number of big foreign investors in Korean stocks dips over 6 years
The number of big foreign investors in Korean stocks has tumbled nearly 30 percent over the past six years, a corporate tracker said Thursday, in a sign the local bourse is incre...
China offers South Pacific nations security, free trade agreements
China offers South Pacific nations security, free trade agreements
China has put forward plans to dramatically expand security and economic cooperation with South Pacific nations, in what one regional leader called a thinly veiled effort to lock...
'They're going to be elected, anyway'
'They're going to be elected, anyway'
On Wednesday at around 4 p.m., the ruling People Power Party's (PPP) candidate for the Daegu mayoral election, Hong Joon-pyo, showed up at a street market in the city's Paldal Di...
Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com
Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com
Disney+'s new Korean-language original series, "Kiss Sixth Sense," will offer a lighthearted romantic comedy to viewers, the series' lead actor Yoon Kye-sang said. “Nowadays, a l...
North Korea COVID situation 'very worrying' for mutations: experts
North Korea COVID situation 'very worrying' for mutations: experts
Delta and Omicron ― the SARS-CoV-2 variants that have perpetuated the global pandemic ― were first detected in places where vaccination rates were low and new cases were surging....
President Yoon fills two remaining Cabinet minister positions with women
President Yoon fills two remaining Cabinet minister positions with women
President Yoon Suk-yeol nominated two women as the education and health ministers, amid criticisms that his Cabinet is male-dominated. The presidential office announced Thursday ...
[INTERVIEW] German professor hopes to boost appreciation for Korean traditional music
[INTERVIEW] German professor hopes to boost appreciation for Korean traditional music
Korean history has its fair share of music. However, despite all its deep-rooted traditions, the country's various traditional music genres, known collectively as “gugak,” have b...
[INTERVIEW] Immunomic Therapeutics CEO expects meaningful test results for brain tumor drug
[INTERVIEW] Immunomic Therapeutics CEO expects meaningful test results for brain tumor drug
William Hearl, CEO of Immunomic Therapeutics, the U.S. subsidiary of the Korean biotech company, HLB, said that the company expects meaningful test results from its Phase 2 clini...
South Korean military to start using more advanced helmets this year
South Korean military to start using more advanced helmets this year
South Korea's military will start using more advanced helmets later this year after more than five years of work on the development project, according to the state defense agency...
Seventeen donates for children's education to mark debut anniversary
Seventeen donates for children's education to mark debut anniversary
K-pop boy band Seventeen has made a donation for educationally marginalized children across the world, according to the Korean National Commission for United Nations Educational,...
FSS extends inspection on scandal-tainted Woori Bank
FSS extends inspection on scandal-tainted Woori Bank
The Financial Supervisory Service (FSS) will extend its inspection of the scandal-tainted Woori Bank, citing the need to look deeper into the lender's internal control system aft...
Court rules aggregated punishment for repeat DUI offenses unconstitutional
Court rules aggregated punishment for repeat DUI offenses unconstitutional
The Constitutional Court ruled Thursday that a law calling for aggregated punishment for repeated drunk driving offenses or refusing field sobriety testing was unconstitutional.
First lady Kim plans to pay visit to wife of late ex-President Roh
First lady Kim plans to pay visit to wife of late ex-President Roh
First lady Kim Keon-hee plans to pay a visit to the wife of the late former President Roh Moo-hyun at her home in the southeastern village of Bongha, officials close to her said ...
South Korea, US, Japan agree on closer cooperation against North Korea's missile launches
South Korea, US, Japan agree on closer cooperation against North Korea's missile launches
South Korea, the United States and Japan condemned North Korea's latest ballistic missile launches in high-level consultations Thursday and agreed to step up trilateral cooperati...
Working-age population to plunge 35% over next 30 years
Working-age population to plunge 35% over next 30 years
Korea's working-age population is expected to plunge 35 percent over the next 30 years amid the country's record low birthrate and rapidly aging population, a government estimate...
Supreme Court upholds 1 1/2-yr prison term for disgraced K-pop star Seungri
Supreme Court upholds 1 1/2-yr prison term for disgraced K-pop star Seungri
The Supreme Court upheld Thursday a one-and-a-half prison term imposed on Seungri, the disgraced former member of K-pop boy band BIGBANG, for prostitution mediation, overseas gam...
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US forces anger animal rights group for brutally executing stray cats with air gun
US forces anger animal rights group for brutally executing stray cats with air gun
Biden's secret service agent accused of drunk assaulting S. Korean
Biden's secret service agent accused o...
Actress Kim Sae-ron investigated for drunk driving
Actress Kim Sae-ron investigated for d...
Cleaning up after 'godoksa,' lonely deaths in Korea
Cleaning up after 'godoksa,' lonely de...
ARMYs begin to boycott BTS's controversial comeback song
ARMYs begin to boycott BTS's controver...
  • Companies
Samsung SDI, Stellantis to set up $2.5 bil. Indiana battery plant
Samsung SDI, Stellantis to set up $2.5 bil. Indiana battery plant
  • Mercedes-Benz donates W5 bil. through sports campaigns
  • SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth
  • Employers criticize Supreme Court ruling against peak wage system
  • British TV presenter views 'brutal' netizens as challenge to Korean entertainment
  • Chaebol leaders pledge support for SMEs
  • Tech
Korea-led int'l association on hydrogen industry kicks off
Korea-led int'l association on hydrogen industry kicks off
  • Korean NAND flash suppliers account for more than half of global market in Q1: report
  • Toward hydrogen economy
  • Biden becomes first US president to visit Samsung chip plant
  • Netflix to invest $100 million in Korea to set up special visual effects facilities
  • Samsung, LG expand into appliances with pet care features
  • Finance
Over 7 in 10 stocks suffer setbacks over past year
Over 7 in 10 stocks suffer setbacks over past year
  • BOK raises key rate to 1.75%, signals more hikes soon
  • Young Koreans more pessimistic about economy than global peers: Deloitte survey
  • FSS extends inspection on scandal-tainted Woori Bank
  • Exchanges cry foul over gov't move to blame them for Luna's collapse
  • Diesel, gasoline prices top 2,000 won amid tight supply
  • Entertainment & Arts
'The Roundup' becomes most-watched Korean film in pandemic era
'The Roundup' becomes most-watched Korean film in pandemic era
  • Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com
  • Seventeen donates for children's education to mark debut anniversary
  • [INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag
  • [INTERVIEW] German professor hopes to boost appreciation for Korean traditional music
  • Former GFriend member Yuju sings on track for drama 'Kiss Sixth Sense'

Letter tp President
top 10 stories
  • Gunman kills 18 children at Texas elementary school
  • Over 76% of Koreans support legalizing euthanasia
  • Korea to allow visa waiver at Yangyang airport for int'l travelers from 4 countries
  • Will government establish new immigration agency?
  • North Korea launches missiles to test Seoul-Washington deterrence
  • N. Korea fires 3 ballistic missiles, including 1 suspected ICBM: JCS
  • [INTERVIEW] Defender of inter-country adoptees' rights
  • Japan's unwelcome move
  • Auditing firms compete to secure rookie accountants
  • US forces anger animal rights group for brutally executing stray cats with air gun
opinion
Editorial
Toward gender equality
President Yoon Suk-yeol has been the target of criticism for his apparent lack...
Huge business investments
On Tuesday, four of Korea's major conglomerates announced massive business inv...
Columns
Frame 2
Economic security needs to work both ways
In the lead up to Joe Biden's recent trip to South Korea, Washington and Seoul agre...
Frame 2
. Kim Won-soo
Welcome reboot of Korea-US alliance
The summit between U.S. President Joe Biden and his Korean counterpart Yoon Suk-yeo...
Thoughts of the Times
Growing change agents effectively
Many corporations are interested in growing “change agents,” employees tasked with ...
top 5 entertainment news
  • Former GFriend member Yuju sings on track for drama 'Kiss Sixth Sense' Former GFriend member Yuju sings on track for drama 'Kiss Sixth Sense'
  • 'The Witch: Part 2' director still has more story to tell 'The Witch: Part 2' director still has more story to tell
  • Tim Burton's iconic world of misunderstood misfits returns to Korea Tim Burton's iconic world of misunderstood misfits returns to Korea
  • Park Chan-wook returns to Cannes with romance 'Decision to Leave' Park Chan-wook returns to Cannes with romance 'Decision to Leave'
  • BLACKPINK on cover of Rolling Stone BLACKPINK on cover of Rolling Stone
DARKROOM
  • 75th Cannes Film Festival

    75th Cannes Film Festival

  • People in North Korea trapped in famine and pandemic

    People in North Korea trapped in famine and pandemic

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

wooribank LG goyang LS LS LS
North KoreaNorth Korea
North Korea's media shifts stance, questions effectiveness of COVID-19 vaccines
North Korea's media shifts stance, questions effectiveness of COVID-...
North Korea COVID situation 'very worrying' for mutations: experts
North Korea's state media silent about missile launches
US supports providing COVID-19 vaccine to North Korea despite missil...
North Korea reports no new deaths for 3rd day amid COVID-19 outbreak
US calls on int'l community to condemn North Korean missile launches
nationalnational
Korea to send 3rd batch of non-lethal aid to Ukraine
Korea to send 3rd batch of non-lethal aid to Ukraine
President Yoon fills two remaining Cabinet minister positions with w...
DPK interim leader's push for 586 Generation politicians to step asi...
Why doesn't US want to add South Korea to Quad?
NIS director nominee vows to cooperate with Five Eyes intelligence-s...
Court rules aggregated punishment for repeat DUI offenses unconstitu...
businessbusiness
Samsung to invest 450 trillion to cement lead in chip, bio sectors
Samsung to invest 450 trillion to cement lead in chip, bio sectors
Mercedes-Benz donates W5 bil. through sports campaigns
SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future ...
Employers criticize Supreme Court ruling against peak wage system
Korean NAND flash suppliers account for more than half of global mar...
British TV presenter views 'brutal' netizens as challenge to Korean ...
lifestylelifestyle
T'way Air adds 3 A330-300s to resume flights amid eased virus curbs
T'way Air adds 3 A330-300s to resume flights amid eased virus curbs
Starkey Korea CEO gets Korean War medal on behalf of late father
Korea to allow visa waiver at Yangyang airport for int'l travelers f...
[INTERVIEW] Defender of inter-country adoptees' rights
Int'l flight operations to resume at local airports in June
Yoogeum Museum sheds light on roof tiles from East Asia
blogsblogs
Shocking treatment: Electricity in 19th-century medical treatment
Shocking treatment: Electricity in 19th-century medical treatment
Dragons in the Palace
K-pop stars and Korean Politicians: Standards of morality
Adoptee's journey tracing her mother, origin and heritage
The open secrets of Korea's 'namsadang' art troupes
Folk entertainment at a village festival in 1957
opinionopinion
Taiwan gaffe
Toward gender equality
Huge business investments
Growing change agents effectively
Economic security needs to work both ways
South Korea's game changer: New Southern Policy
sportssports
Ex-Chelsea star Ji So-yun looking to shake things up in Korean league
Ex-Chelsea star Ji So-yun looking to shake things up in Korean league
Korean Kwon Soon-woo eliminated in 1st round of French Open
Blue Jays' Ryu Hyun-jin showing better velocity, command since retur...
Premier League Golden Boot winner Son Heung-min receives hero's welc...
Son Heung-min earns postseason accolades after winning Golden Boot
Tottenham to take on Sevilla in 2nd summer exhibition match in Korea
worldworld
WHO says no urgent need for mass monkeypox vaccinations
WHO says no urgent need for mass monkeypox vaccinations
China offers South Pacific nations security, free trade agreements
Desperation becomes sorrow after elementary school shooting
Fed officials stress 'determination' to bring down inflation
Philippine Congress proclaims Marcos as next president
China seeks Pacific islands policing, security cooperation: document
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