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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Book tells how Haeundae changed

By Choi Kyong-ae Park Hong-lipPark Hong-lip, 28, briefly suspended his studies in the U.S. in 2013 to return to Korea and do his two years of mandatory military service.He studies biology and economics at Oregon State University and plans to finish his undergraduate studies starting in September. While serving as a public service worker at Haeundae-gu Office in Busan as part of his military duty, Park wrote a book about Haeundae, the most famous beach in the port city.“I wanted to record changes in Haeundae over the past decade based on my childhood memories; what happened and what’s happening. As I walked from my parents’ place to the office for  about an hour during the week for the two years, it really helped me figure out how Haeundae has changed,” he told The Korea Times in a recent interview.High-rise apartment complexes such as Marine City have replaced old shabby towns, forcing most of native residents who cannot afford to live in the luxury apartments to move, he said.         Given this, he may seem t

Aug 17, 2015
Book tells how Haeundae changed

Peace Essay Contest winners

Jean DoMark SchulzLee Dong-huiThe Korea Times and the Northeast Asian History Foundation are proud to announce the 12 winners of the 2015 International Peace Essay Contest. The given topic for their essays was “How should we look back at history on the 70th anniversary of the end of World War II?”Jean Do, a post-doctoral fellow at the Institute of Social Science, Sogang University, won the Gold Prize. She will receive 1.5 million won in prize money and a plaque. Mark Schulz, an English teacher at Hanmin High School in Paju, Gyeonggi Province, and Lee Dong-hui, a student at Pusan Foreign Language High School, each won the Silver Prize. They will receive 500,000 won in cash and a plaque.Three people were selected as Bronze Prize winners. They are Kim Yoon, a student at the ISB(International School of Bangkok); Aimalynne Radores from Kyunghee University; and Hee Young Celine Tae, a student at North London Collegiate School Jeju. They will each be given 300,000 won in prize money with a plaque.In addition, six notable entries were selected, submitted by Luke Chai, Koshiro Nag

Aug 14, 2015
Peace Essay Contest winners

Independence fighter's great-grandson becomes naval officer

Korean Navy cadet Kim Do-hyun, 28, great-grandson of legendary independence fighter Kim Jwa-jin, poses in front of the minesweeper Hunter Ongjin. Kim will be placed on the ship as a second lieutenant deck officer next month. / YonhapBy Jhoo Dong-chanKim Do-hyun, 28, the great-grandson of legendary independence activist and general Kim Jwa-jin, who led the Korean Independent Army in Manchuria during the Japanese occupation era, will soon become a naval officer.Kim joined the ROK Navy Cadets on June 11 and is undergoing military training. He is expected to be commissioned as a second lieutenant deck officer on the ROK Navy minesweeper Hunter Ongjin next month.A deck officer manages and operates deck equipment including lifesaving gear. Kim said he grew up listening to the stories of his great-grandfather’s victory in the Qingshanli Battle.The Battle of Qingshanli was fought over six days in October 1920 when the general lured Japanese soldiers in and attacked them in a densely wooded region of eastern Manchuria called Qingshanli. Although the Korean force was small, with onl

Aug 14, 2015
Independence fighter's great-grandson becomes naval officer

Samsung founder's eldest son dies

By Park Si-sooThe late Lee Maeng-heeLee Maeng-hee, the eldest son of Samsung Group founder Lee Byung-chull and an elder brother of Samsung Electronics Chairman Lee Kun-hee, has died from lung cancer at a hospital in Beijing, China, Friday. He was 84.The deceased is the father of CJ Group Chairman Lee Jay-hyun, who himself is currently hospitalized in Seoul after complications following his kidney transplant.“Lee Maeng-hee died at 9:39 a.m. at a hospital in Beijing,” a CJ spokesman said.Lee underwent lung cancer surgery in Japan in 2012, but the cancer recurred the following year and spread to other parts of his body. He had received radiation treatment in Japan and China and was recuperating in Beijing at the time of his death.It has yet to be announced when and where his memorial service will be held. Whether his ailing son will attend the service has not yet been decided either. Jay-hyun’s body rejected his new kidney after transplant surgery in 2013. He was given a three-year prison sentence for embezzlement and other charges in 2013, but his imprisonment wa

Aug 14, 2015
Samsung founder's eldest son dies

'Korea lags behind in fintech industry'

Lee Suk-geun, a member of the National Economic Advisory CouncilBy Park Jin-haiLee Suk-geun, a member of the National Economic Advisory Council, a consultative body for President Park Geun-hye, said Korea lags behind in the burgeoning fintech field.  “Although what fintech can do is immense, we are slow in adopting it due to skepticism that fintech is just another form of what we have traditionally been doing, coupled with government regulations,” Lee said.Lee, an endowment professor at Sogang Univesity, said the banking industry is now moving to “bankless” services through the Internet and smartphones. Over the decade, while the United Kingdom has embraced fintech and has cut costs by reducing bank branches by 40 percent, Korea has seen only a 2 to 3 percent decrease in branch numbers.Lee graduated summa cum laude from Sogang University, majoring in business administration. Then he completed an MBA course at Chicago University.“Although now none face-to-face transactions make up more than 80 percent of all banking business, banks are hesitant

Aug 13, 2015By Park Jin-hai
'Korea lags behind in fintech industry'

Film to shed light on North Korean POWs

Cho Kyeong-dukBy Yi Whan-wooPolitical unrest between North and South Korea is hindering the work of filmmaker Cho Kyeong-duk. Currently filming his latest documentary “Return Home,” Cho set out to tell the story of the North Korean prisoners of war (POWs) who chose to live in neutral countries such as Argentina, Brazil and India after the 1950-53 Korean War.He decided to make the movie because he was curious about what made them desert their home country.The film is a retrospection of some 20 remaining former North Korean POWs, but Cho is unable to finish the movie because of the worsening inter-Korean relations.“One of the survivors, Kim Myeong-bok, 79, who is now a Brazilian citizen, wants to visit his hometown in North Korea. This visit was meant to be an important part of my film,” Cho said during a telephone interview with The Korea Times, Tuesday.“However, my crew and I still have not been permitted to travel to the communist regime and put the finishing touches on the movie. This is really disappointing.”Kim has also been denied entry by Nor

Aug 12, 2015By Yi Whan-woo
Film to shed light on North Korean POWs

DUI celebrity rebounds after layoff

No Hong-chulBy John RedmondCelebrity No Hong-chul, 36, who has been lying low after a driving under the influence incident, is set for a comeback. MBC and No’s entertainment agency, FNC, confirmed Monday that No has left for Europe for his new show.“The new show will include four ordinary guys backpacking through Europe with No for 20 days at minimal expense,” MBC said.It said the show will be a fusion of entertainment and documentary.No was a member of popular entertainment program “Infinite Challenge,” but MBC said No’s comeback did not mean he would return to the show. m all walks of life, from beginner to professional. All are welcome, from the shower-singer to the seasoned veteran,” the group says. To join, or for more information, email info@camaratamusic.com, or call 010-2033-7663.   

Aug 11, 2015
DUI celebrity rebounds after layoff

Hong shares secret of success with students

Hong Seok-cheon talks to Korean students studying abroad, on stage at Club Ellui, Seoul, Aug. 6. / Korea Times photo by Kim Jae-heunBy Kim Jae-heunThe actor-turned entrepreneur Hong Seok-cheon met with Korean students studying abroad to share his life story on Aug. 6 at Club Ellui, Seoul.Hong, one of the most prominent openly gay celebrities in Korea,said he could empathize with the audience because he has two children studying in the United States.“I adopted my nephew and niece who are studying in Boston right now,” Hong said. “Although I am not their biological parent, I know what it’s like to send kids abroad.”The meeting between the celebrity and students was organized by Rhythm Nation, Korea’s international students association whose members are primarily studying in the U.S., Japan and China.Most of the students’ questions focused on how to prepare for their careers, particularly starting a private business like Hong did with his restaurants.Hong suggested that the students have at least a year of field experience before starting t

Aug 11, 2015
Hong shares secret of success with students

Low minimum wage costs youth dreams

 Gu Gyo-hyeon, president of Arbeit Workers Union By Kim Jae-won Gu Gyo-hyeon, president of Arbeit Workers Union, a labor union representing part-time workers, said that its members cannot plan for their future with the minimum wage as low as it is.Korea’s minimum wage is 5,580 won per hour this year. Last month, the government-led Minimum Wage Committee decided to increase it 8.1 percent to 6,030 won next year.“The number of young jobseekers is 600,000, and most of them are part-timers. With the still-low minimum age, they cannot dream of an alternative life,” Gu said.He said it should be raised to 10,000 won per hour so they can think about their futures.Gu said the government introduced measures to create more jobs for young people, but most of them are useless. Recently, the Ministry of Strategy and Finance announced it will give companies tax credits up to 5 million won for each person aged between 15 and 29 they hire.“I don’t think companies hire young people because of 5 million won. Policies should be focused more on structural refo

Aug 10, 2015

Birthday gift

U.N. Secretary General Ban Ki-moon, left, presents U.S. President Barack Obama with a banner of his calligraphy work at the Oval Office of the White House in Washington, Aug. 4, Obama’s birthday. The four Chinese characters read, “Thehighest virtue is like water.” / Yonhap

Aug 7, 2015
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