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Updated: 8 hours 46 min ago

South Korea to be freed from EU tax haven blacklist: report

Tue, 01/16/2018 - 05:26
According to Reuters news service, Korea would be one of the eight “jurisdictions” to be removed from the list. The others include Panama, the United Arab Emirates (UAE), Barbados, Grenada, Macao, Mongolia and Tunisia. They were among 17 blacklisted by the EU in December.

Why K-pop band Momoland shout 'Boom Boom'? [VIDEO]

Tue, 01/16/2018 - 05:26
Check out Momoland's showcase for their new mini album, "Great," in Seoul last week.

Trump shows ugly side again

Tue, 01/16/2018 - 05:26
For a brief moment Thursday, President Donald Trump gave the world a glimpse of his capacity for reasoned calm. The Wall Street Journal had posted an interview in which Trump came across as insightful and philosophical. Other news outlets were reporting progress on an immigration bill the president had promised to sign.

Junggigo to release first Japanese album

Tue, 01/16/2018 - 05:26
According to Starship Entertainment, the Japanese album is set for release on Jan. 31 and includes "Some," his 2014 hit duet single with Sistar's Soyoo, as a bonus track in addition to all the songs from his first album "Across the Universe," which was released last year.

President Moon's 2017 salary: 225 million won

Tue, 01/16/2018 - 05:26
The annual salary of President Moon Jae-in was set at 225 million won ($211,320), up 5 million won from last year, as the Cabinet approved the personnel and management ministry's pay raise plan for public servants Tuesday. According to the plan, monthly wages for rank-and-file soldiers were raised by an average 87.8 percent. That's in line with Moon's campaign promise to increase the salaries of conscripts to half the minimum wage by 2022.

Ritz-Carlton murder suspect possibly killed after failed chocolate business

Tue, 01/16/2018 - 05:26
A South Korean man arrested over the murders of his wife and six-year-old son at a five-star Hong Kong hotel told police he was too drunk to recall what had ­happened, the Post has learned.

Daegu theater's abrupt cancellation of musical causes stir

Tue, 01/16/2018 - 05:26
The Daegu leg of the musical “Sandglass,” based on the 1995 hit drama of the same name, was abruptly canceled Monday, after the Keimyung Art Center in the southeastern city reversed its previous decision to allow it to be performed there. According to the show's production company Insight Entertainment, “Sandglass” was scheduled to be performed from March 5 to 11, but the theater abruptly canceled it without warning. The art center’s management explained that they were worried about the possible political impact of the musical, which is based on the true story of prosecutor-turned-politician Hon Joon-pyo, on voters of the conservative city ahead of the June 13 local elections.

'Cryptocurrency can be major payment option'

Tue, 01/16/2018 - 05:26
Payments with bitcoin or other cryptocurrencies are not exactly becoming commonplace, but a growing number of shops and restaurants accept the virtual money across the world. Korea is no exception as the nation’s largest underground shopping center, Goto Mall, has added bitcoin to the list of payment methods alongside cash and credit cards. Goto Mall used to be known as Gangnam Terminal Underground Shopping Center, with foreigners making up 20 percent of its visitors.

North Korea to send 140-member orchestra to South; to hold concerts in Seoul, Gangneung

Tue, 01/16/2018 - 05:26
The North's tentatively-named Samjiyon Orchestra will perform in the capital and Gangneung, 240 kilometers east of Seoul, South Korea's unification ministry said after inter-Korean talks on the North's plan to dispatch an art troupe to the South. Gangneung will host ice sports during the Winter Games.

Fashion and politics

Tue, 01/16/2018 - 05:26
Fashion refers to the various styles in clothing, accessories and beauty, and fashion trends are influenced by economic, social and other factors, which change constantly. Even politics plays a critical role in such trends. A close examination shows that fashion is not only a matter of aesthetic but also of politics.

Speed skaters gearing up for PyeongChang

Tue, 01/16/2018 - 05:26
Speed skaters race around a 400-meter oval track for distances from 500 meters up to 10,000 meters in the Olympics. The event has been popular in the Winter Games as it is fast and fun. In past Olympics, Korean speed skaters have won nine medals including four gold, four silver and one bronze. For the host country of the upcoming PyeongChang Winter Olympics, Korean skaters are expected to win at least two gold medals.

DAILY FORTUNE - JANUARY 16, 2018

Tue, 01/16/2018 - 05:26

TUESDAY, JANUARY 16, 2018

Tue, 01/16/2018 - 05:26
Today is Tuesday, January 16, the 16th day of 2018. There are 349 days left in the year.

South Korea vows to regulate cryptocurrency market

Tue, 01/16/2018 - 05:26
The government reaffirmed Monday that it will decide whether to shut down cryptocurrency exchanges after consultations with related ministries and agencies. It warned that investors themselves will have to take full responsibility for losses from their investments in virtual coins. The administration made it clear that it will restrict the overheating cryptocurrency market, although will decide on how to regulate it later.

North Korea to send 140-member troupe to South; to hold concerts in Seoul, Gangneung

Tue, 01/16/2018 - 05:26
North Korea will send a 140-member orchestral music troupe to the PyeonChang Winter Olympics, the unification ministry said Monday. The agreement came following an inter-Korean meeting at Tongilgak on the northern side of the truce village of Panmunjeom. Pyongyang asked that its delegation travel overland, passing through Panmunjeom, the ministry said.

Tough road ahead for constitutional revision

Tue, 01/16/2018 - 05:26
The National Assembly special committee on constitutional revision and electoral reform held its first meeting Monday, but lawmakers from rival parties showed wide differences on how to proceed. The committee was created at the end of 2017, following the conservative opposition parties’ call to delay any constitutional revision. President Moon Jae-in has vowed repeatedly to put the revision to a referendum in June, in tandem with local elections.

Decision about 'English education ban' to be revealed Tuesday

Tue, 01/16/2018 - 05:26
The Ministry of Education is flip-flopping on its controversial policy to ban teaching English to preschoolers as parents strongly oppose the move. The ministry had initially announced a plan to stop teaching English at daycare centers and kindergartens.

[Provincial News] Ulsan to offer free Korean classes to foreign workers

Tue, 01/16/2018 - 05:26
Ulsan City will provide free Korean classes to foreign workers from February. The 10-month classes will be offered to people from five selected companies, each with at least 15 foreign employees, after work on weekdays or weekends. Each session will last two hours. The level of education will be decided based on pre-class test scores, city officials said. The curriculum will cover speaking and writing Korean, basic social etiquette and law.

Opposition bloc opposes reform of investigative bodies

Tue, 01/16/2018 - 05:26
President Moon Jae-in's plan to reform investigative bodies may face a bumpy road because the opposition parties are against the move, which requires relevant law revisions at the National Assembly. The opposition claim Cheong Wa Dae's announcement of its own plan ignored the Assembly, which just finished forming a special committee last week to discuss reform of the prosecution and police.

Take bolder steps

Tue, 01/16/2018 - 05:26
Police have found that blood poisoning from a bacterial infection caused the death of four newborns in a neonatal intensive care unit at Ewha Womans University Medical Center in western Seoul last month. This finding shows how poorly the hospital operated the unit.