Veteran socialist Jeremy Corbyn was elected leader of Britain’s Labour opposition on Saturday in a landslide victory that puts an anti-austerity figure at the helm of a major U.K. party.The 66-year-old, whose policies have been compared to those of radical leftist Greece’s Syriza and Spain’s Podemos, won after clinching 59.5 percent of the vote, giving Britain its most left-wing leader in decades among the main parties.The new Labour chief could divide Britain’s biggest opposition party, and he

Apple is bolstering its money-pumping iPhone line while looking to dive deep into businesses with iPads and dominate living rooms with Apple TV hardware tuned to app-loving lifestyles.Tricked-out new iPhone 6 models, along with overhauled Apple TV hardware and iPad Pro tablets with enlarged screens, were major announcements at the technology titan’s media event Wednesday in San Francisco. Apple Senior Vice President of worldwide marketing Phil Schiller talks about the new iPad Pro during an Appl

After reigning through the decline of the British empire and some of the worst scandals in royal history, Queen Elizabeth II is set to become Britain‘s longest-serving monarch Wednesday.With over 63 years on the throne, the queen is one of the most famous and respected women in the world and “embodies the history of the 20th Century,” according to historian Kate Williams.Britain`s Queen Elizabeth waves as she arrives at Edinburgh Waverley Station before boarding a train drawn by a steam locomoti

　Samsung Group, South Korea’s leading conglomerate, has taken a significant step toward driving forward its newly-established biopharmaceuticals business, an emerging sector expected to become one of the company’s future growth engines.　Samsung Bioepis, the conglomerate’s biotechnology research and development unit, said Monday that it had gained approval from the Ministry of Food and Drug Safety to begin selling Brenzys, its biosimilar copy of Amgen and Pfizer’s rheumatoid arthritis treatment E

Move over Hong Kong, Tokyo and Singapore. Seoul is emerging as Asia’s new fashion showcase, with the world’s top luxury firms seeking to cash in on the regional trend-setting popularity of South Korean pop culture.A woman walks past a Louis Vuitton store in the duty-free shopping area at Incheon International Airport. (Bloomberg)Fast-growing Asia is a key market driving the global luxury industry, with purchases by Chinese consumers accounting for one third of global sales, according to market r

Inadequate national targets for curbing climate-altering greenhouse gases meant emissions would be “far above” the level required to stave off disastrous global warming, analysts warned Wednesday.Instead of the U.N.-targeted ceiling of two degrees Celsius of average warming over pre-Industrial Revolution levels, the world was on track for 2.9-3.1 C by 2100, according to the Climate Action Tracker, a tool developed by a consortium of four research organizations.“The climate targets so far submitt

Japanese newspaper Sankei Shimbun came under fire again for an online column that called President Park Geun-hye’s plan to attend China’s World War II victory event “toadyism” and likened her to a 19th-century Korean empress assassinated by Japan.President Park Geun-hye presides over a Cabinet meeting at Cheong Wa Dae on Tuesday. (Yonhap)In its Monday edition, the conservative daily carried the column accusing Korea’s diplomacy of being historically subservient to big powers -- China, Russia or

The “new” Samsung C&T kicked off on Sept. 1 as the de facto holding company of Samsung Group, the nation’s largest conglomerate. The group’s construction, trading, fashion, food and bio businesses are now reorganized under the new umbrella company, while Samsung Electronics and Samsung Life Insurance are responsible for tech and finance pillars, respectively. Head office buildings of Samsung C&T (left) and Samsung Electronics (right)          YonhapThe merger between Samsung C&T and Cheil Indust

The government’s decision to allow the construction of a second cable car route on Mount Seoraksan last week drew mixed reactions over the weekend, with civic groups blasting authorities for ignoring its potential environmental impact and local residents calling it a business opportunity.The Environment Ministry’s national park committee on Friday agreed to allow Yangyang County Office of Gangwon Province to construct a 3.5-kilometer cable car on Mount Seoraksan, one of the country’s best-preser

 The new wartime contingency plan of South Korea and the U.S. is presumed to address the growing concerns over North Korea’s evolving weapons of mass destruction and likely to reflect changes in the U.S. force structure and strategy, analysts said Thursday.North Korea soldiers pledge allegiance in front of the statues of North Korea’s national founder Kim Il-sung and former leader Kim Jong-il on Tuesday. (Yonhap)Seoul and Washington reportedly signed the so-called Operations Plan 5015 in June to

 The much disputed peak wage system may be gaining more momentum with the steelmaker POSCO and its union agreeing to expand its use. Although the system is intended to increase corporations’ capacity for hiring young workers, it has been heavily criticized by labor activists. POSCO, however, has managed to run the system since 2011. On Wednesday, the country’s largest steelmaker announced that the retirement age would be raised by two years to 60, with the scope of the peak wage system expanded.

Though it came to a close just 15 days after breaking an 11-year hiatus, South Korea’s loudspeaker broadcast along the heavily fortified border proved to be formidable enough to rush a defiant Kim Jong-un regime to the negotiating table and extract concessions. The equipment became idle as of noon Tuesday in line with the two Koreas’ agreement earlier in the day. Pyongyang, for its part, expressed regret over a land mine explosion on Aug. 4 that nearly maimed the legs of two South Korean soldier

As the high-level inter-Korean dialogue dragged on, hopes and doubts were flying around the seemingly incongruous duos from each side driving the rare gathering: rigid former and incumbent military commanders paired with preachers for a cross-border thaw. From the North, Hwang Pyong-so, vice chairman of the powerful National Defense Commission and director of the General Political Bureau of the (North) Korean People’s Army, joined hands with Kim Yang-gon, director of the North’s United Front Dep

Vice President Joe Biden left the seclusion of the Delaware home where he’s been weighing a presidential run to meet Saturday with Elizabeth Warren ― another influential Democrat who has faced calls to enter the 2016 race.The unusual weekend huddle with Warren, a Massachusetts senator, took place at the Naval Observatory, the vice president’s official residence, said an individual familiar with the meeting. An Obama administration official said Biden had traveled at the last minute to Washington

Samsung Electronics’ new mobile payments system Samsung Pay made its Korean debut on Thursday, aiming to replace credit cards with mobile phones. Starting with the Korean service, Samsung Pay will be released in the U.S. on Sept. 28 after a monthlong beta service. Launches in other markets are set to come in phases. A customer pays with Samsung Pay at a grocery. Samsung ElectronicsKey to the service is its compatibility with existing credit card terminals, as it creates a small magnetic field th