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Bitcoin will become assets to report

Tue, 01/16/2018 - 05:26
Lawmakers are preparing a bill that requires government officials to report their possible ownership of cryptocurrencies. Rep. Noh Woong-rae of the ruling Democratic Party of Korea (DPK) said he is preparing a bill to include virtual coins worth 5 million won ($4,700) as an asset for public servants to report.

'Korean firms should restructure on global recovery'

Tue, 01/16/2018 - 05:26
International Monetary Fund Asia and Pacific Director Rhee Chang-yong said Tuesday the Korean economy should restructure amid clear signs of a global recovery. Rhee made the remarks during a New Year seminar held by consulting firm EY Han Young under the theme of “Corporate Strategy in the Superfluid Era” at the Lotte Hotel in Jung-gu, Seoul.

Homeplus opens 11th indoor soccer

Tue, 01/16/2018 - 05:26
Homeplus has built a small soccer field on the roof of its Dongdaemun discount store in Seoul - its 11th such facility - the discount retail chain said Tuesday. The company built it jointly with HM Sports, a sports marketing agency, and it is equipped with artificial grass, LED lights and safety cushions for children's protection. The indoor field will not only be open to shoppers and visitors, but also children's clubs.

Charging ahead: Discount chain stocks electric car

Tue, 01/16/2018 - 05:26
Electric cars have hit the shelves at the nation's major discount chain.

Military blocks access to virtual currency trading systems

Tue, 01/16/2018 - 05:26
The Ministry of National Defense is blocking access to online cryptocurrency trading systems inside military camps. The ministry said Monday it is also considering various other regulatory measures against digital tokens - such as bitcoin, the most popular encrypted currency - as it could harm soldiers' morale.

Final-NK art troupe to Olympics is rarely known

Tue, 01/16/2018 - 05:26
The Samjiyon Orchestra, a 140-member North Korean musical performance troupe, is drawing keen attention as it will perform during the PyeongChang Winter Olympic Games next month. The composition of the troupe and what songs and performances it will present, however, remain unclear.

Opposition leader belittles Islam with insulting term

Tue, 01/16/2018 - 05:26
Over the past year or so, people who disapprove of President Moon Jae-in coined the term “Moonslam” and have used it to ridicule his supporters as “followers with blind faith.” But knowing that the term obviously belittles and mocks Islam and Muslims around the globe, no politicians had mentioned the word in public - until main opposition Liberty Korea Party (LKP) Chairman Hong Joon-pyo did recently.

Korea improves work safety for street cleaners

Tue, 01/16/2018 - 05:26
The government dedicated itself to improving working conditions for 34,000 sanitation workers in the country, Tuesday. Street cleaners and garbage collectors are often overworked and at risk of accidents because their work is done late at night or early in the morning.

Soaring apartment prices

Tue, 01/16/2018 - 05:26
Housing costs in Seoul are going through the roof. The price of a three-bedroom apartment in southern Seoul, or Gangnam, is approaching 2 billion won ($1.88 million). The median home price in Korea’s capital city is higher than Tokyo and Osaka and similar to that of New York City and Washington, D.C.

Actress found dead after 'drug party': police

Tue, 01/16/2018 - 05:26
Police are investigating the death of an actress in Seoul on Saturday, which they believe was caused by an overdose of an illegal drug or its side effects.

False missile alarm

Tue, 01/16/2018 - 05:26
On Feb. 25, 1983, I was in the pressroom of the Prime Minister’s Office, in the now-disappeared Capitol Building in central Seoul. Around 10:30 a.m., an air raid siren wailed, and an urgent street broadcast repeatedly said, “Citizens of Seoul, we are issuing an air-raid warning. Take shelter underground.” We reporters thought it just a panic exercise. Then followed the voice: “This is a real situation, not a drill.” And we heard some jet fighters fly across the sky quite low and saw the PM’s security guards close the compound’s gate and draw out their rifles from long bags. We said to one another,“Something must be happening.”

Chemistry Camp for youth

Tue, 01/16/2018 - 05:26

Tracing Korea's earliest recorded music

Tue, 01/16/2018 - 05:26
When was the first recording of Korean music made? Suk Ji-hoon, who recently earned his master's degree in Korean Modern History from Yonsei University, has the answer. He traces the early history of recording music here to Western scholars in the early 1890s, when Edison's phonograph came to Korea. Its patrons included King Gojong, Horace Allen and William Noble, to name a few.

The Dice Latte serves up adventure

Tue, 01/16/2018 - 05:26
Mythical creatures such as giants, hydras and gelatinous cubes are rarely sighted in Seoul, but if you ever want to slay one, The Dice Latte in northeastern Seoul has everything you need.

Brewers to present unique red IPA beers

Tue, 01/16/2018 - 05:26
Five independent Korean breweries will be pouring their unique red IPA beers at a special event at Magpie Brewshop in Gyeongnidan on Sunday. Titled “Red IPA Smackdown” and featuring the brewers Magpie, The Hand and Malt, Gorilla and a team-up between The Table and Playground, the event will see teams pour their brews from the same specialty Red X malt to create four totally different beers.

International artists to exhibit in Seoul

Tue, 01/16/2018 - 05:26
An international art exhibition opens at Mini Print Seoul in Seongsu-dong this Saturday. Under the theme “Seongsu Print Exhibition,” curator Samantha Blumenfeld will showcase a print-based art exhibition featuring works from 28 print artists from around the world.

Xi tells Trump: hard-earned peace on Korean peninsula 'must continue'

Tue, 01/16/2018 - 05:26
Chinese leader Xi Jinping told his American counterpart Donald Trump in a phone call on Tuesday that the hard-earned easing of tensions on the Korean peninsula must continue, according to Reuters. He said unity on the issue was extremely important, according to Chinese state broadcaster CCTV.

My part in the Olympic torch relay

Tue, 01/16/2018 - 05:26
So a lot of people are surprised I carried the Olympic torch. If you know me, I don’t seem athletic, always weighed down by camera gear. But athletic achievement isn't what brought me up to a small hill called Naksan in Seoul for the Olympic Torch Relay.

Starbucks Korea's operating profit tops W100 billion for the first time

Tue, 01/16/2018 - 05:26
The annual operating profit of Starbucks Coffee Korea Co., the local unit of the U.S. giant, surpassed the 100 billion-won ($94 million) mark for the first time last year, driven by solid demand from young consumers, industry sources said Tuesday. The operating profit of the coffee chain, which is run by South Korean retail conglomerate Shinsegae, was estimated at 110 billion won last year, according to the sources. Sales were estimated to have reached 1.2 trillion won.