Fine Korean food will become global

윤경숙 윤가명가 대표. /심현철기자 shim@koreaetimes.co.kr

Yun Kyoung-suk, chef and owner of Yunga Myeongga, is known as “Wonder Woman” among her staff at the Korean fine dining restaurant in downtown Seoul. For one thing, she hardly sleeps. “Oh, you might say I live 25-hour days,” Yun, 50, said. Passionate and driven to spread “hansik,” or Korean cuisine, she makes many of […]

LSIS recognized for energy innovation

LSIS recognized for energy innovation

LSIS has been named as one of the global top 100 innovative firm for its continuing efforts to strengthen its energy-related intellectual property (IP) portfolios. Clarivate Analytics, formerly the intellectual property and science unit of Thomson Reuters, included the electric equipment manufacturer in last year’s “Top 100 Global Innovators,” the Seoul-based technology firm said Monday. […]

Korean acting president calls for unwavering US ties ahead of Trump inauguration

¹ß¾ðÇϴ Ȳ ´ëÇà
    (¼­¿ï=¿¬ÇÕ´º½º) ¹é½Â·Ä ±âÀÚ = Ȳ±³¾È ´ëÅë·É ±ÇÇÑ´ëÇà ±¹¹«ÃѸ®°¡ 17ÀÏ Á¤ºÎ ¼­¿ï-¼¼Á¾Ã»»ç °£ ¿µ»ó±¹¹«È¸ÀÇ¿¡¼­ ¹ß¾ðÇÏ°í ÀÖ´Ù. 2017.1.17 
    srbaek@yna.co.kr/2017-01-17 10:34:06/

South Korea’s Acting President and Prime Minister Hwang Kyo-ahn on Tuesday called for enhanced ties with the United States ahead of the inauguration of President-elect Donald Trump, who expressed skepticism of Washington’s alliances and trade deals with South Korea and other partners while campaigning. During a Cabinet meeting, Hwang highlighted the role of the Korea-US […]

Young Koreans given various incentives to have more babies

Young Koreans given various incentives to have more babies

Kang Mi-ok received 2 million won ($1,700) from a rural county in central South Korea in August. The money was meant to promote the birth of a fourth baby. She is set to receive another 8 million won in installments by 2020 from Cheongyang County, South Chungcheong Province, to help her raise the baby. “It’s […]

Korean shares climb high on foreign buying

40012544 - stock exchange graph background

South Korean shares continued to advance on large cap gains and foreign buying to reach a new high in over 18 months Thursday. The local currency also significantly gained ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 11.97 points, or 0.58 percent, to 2,087.14, breaching the 2,080 mark for the […]

Symposium celebrates what’s gained in translation of literature

Symposium celebrates what’s gained in translation of literature

Marking the 10th anniversary of its founding, the Yoo Yeong Research Foundation hosted a symposium Wednesday that reflected on Korea’s progress in literary translation and honored those who have helped bridge the country and the world through cultural reinterpretation. The event held at Yonsei University bestowed the Yoo Yeong Translation Award to Uhm Il-nyeo, who […]

LG’s 14-inch Gram laptop sets new Guinness World Record

LG’s 14-inch Gram laptop sets new Guinness World Record

LG Electronics said Thursday its ultralight laptop has secured its place in the Guinness Book of World Records. The company’s 14-inch (35.6 centimeters) ultralight Gram, which was launched early this month, weighs 860 grams. “Guinness World Records confirmed LG’s new ultralight Gram is the lightest in the world after measuring around 70 models of 14-inch […]

Acting president vows expanded support for SMEs

59174978 - business man's hand holding alphabet letter making work sme, business concept in sme business. retro filter, vintage tone and light glow effect.

Acting President and Prime Minister Hwang Kyo-ahn on Thursday vowed to expand policy support for small and medium-sized enterprises, stressing their role in creating jobs and revitalizing the economy. During the New Year’s greeting session with local SME leaders, Hwang also said that his government will strive harder to promote the globalization of SMEs as […]

Hyundai, Kia flag nearly record-breaking sales in France

hyundai-kia-flag-nearly-record-breaking-sales-in-france

Hyundai Motor and Kia Motors sold a combined 61,727 automobiles in France last year, just 24 units short of setting a new record, industry data showed Wednesday. The automakers sold a record 61,751 units in 2012, according to state-run Korea Trade-Investment Promotion Agency. Hyundai Motor sold 28,043 units, up 17 percent on-year, while Kia Motors […]

Samsung BioLogics eyes multiple supply deals

samsung-biologics-eyes-multiple-supply-deals

Samsung BioLogics is in discussions with over 15 global pharmaceutical firms on multiple supply deals, the company’s CEO said, as the biopharmaceutical unit of South Korea’s Samsung Group expands its presence in the global pharmaceutical market. “Samsung BioLogics already inked deals worth US$2.9 billion with six global pharmaceutical firms to supply a total of nine […]

Korea’s finance minister meets with Wall Street heavyweights

koreas-finance-minister-meets-with-wall-street-heavyweights

South Korea’s finance minister met with leaders of global investment banks in Wall Street to brief them on the country’s recent economic situations and its fiscal policy road map, his office here said Wednesday. In a meeting with Goldman Sachs CEO Lloyd Blankfein in New York on Tuesday (US time), Finance Minister Yoo Il-ho stressed […]

Flynn likens Korea-US alliance to ‘sticky rice cake’

FILE - In this Dec. 12, 2016 file photo, National Security Adviser-designate Michael Flynn, waits for an elevator at Trump Tower in New York. Flynn  said Tuesday, Jan. 10, 2017, he would press on with President Barack Obama??¢âs changes to the National Security Council, suggesting no wholesale fix is in store for the body of foreign policy professionals who often provide the last word before the commander in chief??¢âs decisions.
(AP Photo/Kathy Willens, File)/2017-01-11 06:29:15/

Incoming US National Security Advisor Mike Flynn vowed to further strengthen the US alliance with South Korea, likening the relationship to a “sticky rice cake,” an official said Tuesday. Sticky rice cake is often used as a metaphor for an inseparable bond in Korean culture. Flynn made the remark when he met with his South […]

KOICA to expand collaboration with private sector to boost ODA financing

koica-to-expand-collaboration-with-private-sector-to-boost-oda-financing

outh Korea’s official development assistance operator KOICA said Tuesday that it will strengthen partnership with the private sector to boost financing for its development aid programs for emerging countries. “The international community is putting emphasis on partnership with the private sector as a means of procuring financial sources for the development (of needy countries),” said […]

Samsung, LG’s OLED dominance may last at least 5 years

samsung-lgs-oled-dominance-may-last-at-least-5-years

The dominance of organic light-emitting diode panels by South Korean display makers Samsung Display and LG Display is expected to last for at least the next five years, despite aggressive investment by Chinese and Japanese firms, Korean analysts said Tuesday. Amid growing demand for OLED panels from global smartphone makers — including Apple, Huawei, Oppo […]

Korea will be caught in crossfire of global trade

korea-will-be-caught-in-crossfire-of-global-trade

The Regional Comprehensive Economic Partnership will have far-reaching geostrategic implications, rather than substantially lowering trade barriers and rewriting economic rules, an influential economist has said. The RCEP is a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations and the six states — Australia, China, India, Japan, South […]

Acting president says S. Korea-Japan deal on enslavement should be respected

Ȳ ±ÇÇÑ´ëÇà, ±¹¹«È¸ÀÇ ¹ß¾ð
    (¼­¿ï=¿¬ÇÕ´º½º) ¹é½Â·Ä ±âÀÚ = Ȳ±³¾È ´ëÅë·É ±ÇÇÑ´ëÇà ±¹¹«ÃѸ®°¡ 10ÀÏ ¿ÀÀü Á¤ºÎ¼­¿ïû»ç¿¡¼­ ¿­¸° ±¹¹«È¸ÀÇ¿¡¼­ ¹ß¾ðÇÏ°í ÀÖ´Ù. 2017.1.10 
    srbaek@yna.co.kr/2017-01-10 11:01:26/

Acting President and Prime Minister Hwang Kyo-ahn said Tuesday the South Korea-Japan agreement clinched in 2015 on the settlement of the enslavement of Korean women by Japan during World War II should be respected. Hwang also said people should refrain from making remarks or actions that can worsen the situation surrounding the sexual enslavement issue, […]

Korea to spend W937.2b won in 2017 for Winter Olympic preparations

korea-to-spend-w937-2b-won-in-2017-for-winter-olympic-preparations

South Korea plans to spend 937.2 billion won ($779.7 million) this year in support for the 2018 PyeongChang Winter Olympic and Paralympic Games preparations, the sports ministry said Tuesday. The Ministry of Culture, Sports and Tourism said its 2017 budget for the Olympic preparations is down 49.4 percent from 2016, due largely to a decrease […]

SK Hynix launches highest density low power mobile DRAM

sk-hynix-launches-highest-density-low-power-mobile-dram

SK Hynix, the second largest chipmaker in South Korea, announced the launch of the world’s highest density mobile DRAM on Monday. The company said it has launched an 8 Gigabyte Low Power DDR4X mobile DRAM using its dual channel 16 Gigabit chips with a plan to mass produce the product for upcoming newest smartphones. 8GB […]

Debate brews in Korea on universal basic income

Debate is brewing here on whether South Korea should introduce a universal basic income for its citizens. The world’s first national trial of the idea, which began in Finland on Jan. 1, has boosted the discussion, which is expected to heat up in the lead-up to the presidential election this year to choose a successor […]

Gender diversity matters for sustainable growth

gender-diversity-matters-for-sustainable-growth

At a symposium celebrating Korea’s 20th anniversary as a member of the OECD held in November 2016, Randall S. Jones, a senior economist and head of the Japan/Korea Desk at the OECD, pointed at Korea’s low female employment rate. According to the OECD’s latest statistics, Korea’s female employment rate ranked the tenth lowest among member […]