Headlines from Korea
Updated: 8 hours 48 min ago
The Ministry of Science and ICT is failing to be heard in the cryptocurrency craze despite its role of taking charge of technological innovation and the Fourth Industrial Revolution. This is in a sharp contrast to ICT industries' calls for the government to take a cautious approach to cryptocurrencies and the blockchain technology that underpins them.
The Seoul Metropolitan Government has failed to draw what it intended to be overwhelming support for a measure exempting fares for those who use public transportation during commuting hours.
Local ICT companies are striving to expand their bases in the artificial intelligence (AI) sector to survive in the Fourth Industrial Revolution. But the firms including the nation's top online portal operator Naver seem to be just following the business models of global ICT giants such as Google and Amazon. This has left local firms behind while leading global giants are pushing ahead, posing major challenges for Korean companies to emerge from the role of fast followers.
Three Canadian veterans of the Korean War will visit Imjin River in the nation's border city of Paju to join an ice hockey revival event in commemoration for the upcoming 2018 PyeongChang Winter Games, the Ministry of Patriots and Veterans Affairs said Monday. The invited veterans _ Dennis Moore, John Bishop and Claude Charland _ will join the Imjin Classic hockey match on Friday. The annual event is held to honor Canadian veterans' participation in the war.
My company sent me to my alma mater to introduce my company to college students.It has been 24 years since I graduated, and the college campus has changed so much. It is now a forest of modern buildings that hosts countless students from around the world, including Europe and the Americas, Africa, Southwest Asia and China, who roamed and mingled on campus. South West Asian students can be seen playing cricket on the playground. Some classes are now taught in English and by professors from overseas. In these ways, my alma mater has become a foreign college.
The government recommended former United Nations Secretary General Ban Ki-moon as chief of Seoul-based international organization Global Green Growth Institute (GGGI), according to diplomatic sources, Monday. Sources said Ban’s competitors for the post include a former president of a country, without elaborating.
The beginning of the year is when concert-goers plan ahead for which performances to mark on their calendars. In the ballet genre, the two major ballet companies in Korea _ the Korean National Ballet and Universal Ballet _ will be competing back to back this year in overlapping months with overlapping performances. Fortunately, the dates don't coincide so ballet lovers can grab performances from both companies and enjoy comparing them.
Korean War veterans from Canada will revisit the former battleground where they played ice hockey during time out from the war.
Two high-profile opinion leaders and fellow reality show co-stars have locked horns over blockchain technology. Rhyu Si-min is a politician-turned-writer and Jeong Jae-seung is a scientist and professor at the Korea Advanced Institute of Science and Technology (KAIST). They appeared on the first season of the reality TV show “Dictionary of Useless General Knowledge.” Blockchain is an open distributed ledger system that propels most cryptocurrencies including bitcoin and ethereum, so it is regarded as a game-changer of the Fourth Industrial Revolution.
The fire started in a house on a mountain in Yangyang-gun, Gangwon Province, at 7 p.m. Sunday. It burned 1.2 hectares over nine hours before it was extinguished early Monday morning, according to Gangwon Fire Headquarters.
The prosecution searched a foundation of which Rep. Hong Moon-jong of the main opposition Liberty Korea Party (LKP) is chairman, over allegations that the staunch loyalist to former President Park Geun-hye used embezzled funds in election campaigns.
North Korean state media have strongly criticized South Korean President Moon Jae-in about his remarks on the ongoing inter-Korean talks. It is not new for North Korean media to criticize and ridicule a South Korean president, but this time it did so while the two Koreas have been holding talks concerning North Korea's participation in the PyeongChang Winter Olympics and Paralympic Games.
The English Premier League is the world’s most popular and is also the biggest soap opera. In recent weeks, Manchester United coach Jose Mourinho has been involved in very public, very verbal tussles with some fellow coaches, especially Chelsea’s Antonio Conte.
President Moon Jae-in has hit his stride. The New Year speech had many initiatives and proper recording of successes. Moon can claim to have improved one of the coldest ties on the planet with the North's offer to join the Winter Olympics. The chairs in Panmunjom's meeting rooms have warmed just a bit with recent use. Moon also repeated important promises about employment, chaebol reform, and a people-centered economy.
The Republic of Korea has some of the best labor-related laws in the world. Unfortunately, however, it is second to none when it comes to labor-management disputes, particularly with the power of unions getting ever stronger under the labor-friendly Moon Jae-in government.
The Ministry of Environment will bolster its air pollution monitoring efforts for Gangwon Province during the 2018 PyeongChang Winter Olympics and Paralympic Games. The ministry said a special monitoring mission will kick off on Feb. 15 until the end of March. The world’s largest Winter Olympics events are scheduled to run from Feb. 9 through March 18.
BGF shares continued to tumble following its recent announcement it will issue new shares to raise over 1 trillion won to turn itself into the group's holding company. BCF will use the capital to acquire a 30 percent stake in BGF Retail, the operator of CU, one of Korea's biggest local convenience store chains. CU has a 33 percent market share here. The group also runs advertising and golf businesses. This equity acquisition will further solidify BGF Chairman Hong Suk-jo's control in the holding company and its key retail subsidiary in a vertical structure.