A number of lawmakers are facing increasing pressure on allegations that they influenced sought-after workplaces to hire their children.Rep. Kim Tae-won of the ruling Saenuri Party and Rep. Yoon Hu-duk of the main opposition New Politics Alliance for Democracy came under fire for allegedly using their parliamentary clout to give their kids job opportunities at Korean Government Legal Service and the nation’s top display-maker LG Display, respectively　Despite their plea of innocence and attempt t

SK Group chairman Chey Tae-won cheered on staffers by visiting the group’s provincial-based innovation centers Tuesday, in line with his stated promise to lend a hand in reviving the South Korean economy and support the government’s ongoing drive for a creative economy.　Chey made his way down to the two SK innovation centers in Daejeon and Sejong, located south of Seoul, in a bid to “express the group’s will to contribute to the country’s economic growth through the success of its creative econo

Corruption, scandal, money laundering, internal strife, fraud, power and FBI investigations – the recent allegations surrounding FIFA have all the elements of a Hollywood movie.Chung Mong-joon (Yonhap)Oscar winner, producer and actor Ben Affleck, who is soon to be the next Batman, will produce a movie about FIFA’s alleged misdeeds over the last 20 years, recently involving the bidding processes for the Russia 2018 and Qatar 2022 World Cups. The star of this drama may play Charles “Chuck” Blazer,

 President Park Geun-hye on Saturday made a moderate response to Japanese Prime Minister Shinzo Abe’s statement Friday to mark the 70th anniversary of the end of World War II, signaling her intention to enhance relations with Tokyo.President Park Geun-hye delivers a speech to mark the 70th anniversary of Korea`s liberation from Japan`s colonial rule on Saturday in Seoul. (Yonhap)In her Liberation Day speech, she said the much-anticipated statement “did not quite live up to Koreans’ expectations.

Korea Aerospace Industries is flying high. The country’s sole aircraft manufacturer is enjoying its best ever year, with solid first-half earnings and its share price up 150 percent since January, and analysts forecast a positive outlook for the second half. This is the result of a profit increase in the firm’s exports of military planes, production of aircraft components and winning of various defense deals, which are the three pillars of the company’s revenue sources, analysts said Wednesday.

The surprise reorganization of Google under newly formed parent Alphabet gives the tech giant the ability to focus on its core business, while offering startup-like flexibility to its other projects.The announcement Monday of the new corporate structure was generally welcomed in Silicon Valley and on Wall Street, where Google shares shot up some 3.6 percent in early trade on the news.The plan calls for Alphabet to be the corporate parent, with an operating unit for Google and its related search

Daum Kakao, the Korean Internet giant, is betting big on a new CEO who may be less experienced but full of enterprise for its next big leap in the burgeoning mobile era. The company said Monday it has named 35-year-old Rim Ji-hoon, founder of venture capital firm K Cube Ventures, to replace the current co-CEOs Choi Sae-hoon, 48, and Lee Sir-goo, 49. Daum Kakao’s new CEO nominee Rim Ji-hoonAlthough the average age of the employees at Daum Kakao is 34, a 30-something CEO is quite rare even within

The money-losing Daewoo Shipbuilding and Marine Engineering, the world’s biggest shipbuilder by order backlog, is desperately struggling to survive in the industry. The industry‘s continued slowdown and the shipbuilder’s record 3.07 trillion won ($2.65 billion) shortfall in its second-quarter operating profit for this year have spawned speculations that DSME is readying a full-fledged restructuring process.While the DSME management had refuted rumors about an imminent workforce cut, tension is r

Japan on Sunday marked the 70th anniversary of the atomic bombing of Nagasaki that claimed more than 74,000 lives almost instantly, in one of the final chapters of World War II.Bells tolled and tens of thousands of people, including ageing survivors and the relatives of victims, observed a minute’s silence at 11:02 a.m., the exact moment the blast devastated the port city on Aug. 9, 1945. Japanese Prime Minister Shinzo Abe holds a wreath during a ceremony to mark the 70th anniversary of the Naga

“Lotte is a Korean company.”These words of Seoul-based Lotte Group chairman Shin Dong-bin may be simple enough, but the conglomerate’s nationality is fast becoming an issue of contention.The controversy over whether Lotte is a Korean or Japanese company flared up again this week amid a bitter succession battle involving the two sons of group founder and general chairman Shin Kyuk-ho.Lotte, having foundations in both Korea and Japan, has long been plagued by this question. The two sons -- Shin Do

Just as President Park Geun-hye struggles to improve the country’s relations with Japan, an unlikely figure has catapulted herself to the center of controversy by criticizing Seoul for dragging out the sex slavery rows: her younger sister, Geun-ryeong. In an interview with Japan’s video-sharing website Niconico, the 61-year-old Park Geun-ryeong said she was sorry that in most news reports South Korea blames Japan for the ongoing toil of the so-called comfort women “without itself taking greater

President Barack Obama framed climate change as the toughest and most pressing challenge of our time Monday, as he unveiled the first ever limits on U.S. power plant emissions.“No challenge poses a greater threat to our future and future generations than a change in climate,” Obama said, warning: “There is such a thing as being too late.” U.S President Barack Obama speaks at a town hall at the Young African Leaders Initiative (YALI) Mandela Washington Fellowship Presidential Summit in Washington

As Park In-bee hunted down Ko Jin-young in the final stretch of the Women‘s British Open, it quickly became clear which South Korean was the rookie and which was the player about to add another chapter in golf’s record book. Park In-bee of South Korea poses with the trophy after winning the Women‘s British Open golf championship at the Turnberry golf course in Turnberry, Scotland, Sunday. AP-YonhapThe top-ranked Park picked up seven shots in her last 12 holes, pressured her 20-year-old protege s

WASHINGTON ― Delegates negotiating a vast Pacific free-trade agreement have failed to reach a final deal after several days of intense talks in Hawaii, dealing a setback to U.S. President Barack Obama.The delay complicates his efforts this year to secure the historic accord, which risks becoming dragged into the 2016 presidential election debate.Ministers from 12 nations negotiating a Pacific Rim trade pact hold a news conference in Lahaina, Hawaii, Friday, saying they made significant progress

Supporters celebrate while watching a broadcast of International Olympic Committee President Thomas Bach (on screen) announcing Beijing as the host city of the 2022 Olympic Winter Games, at the Olympic Park in Beijing on Friday. (EPA-Yonhap)KUALA LUMPUR -- Beijing was selected Friday to host the 2022 Winter Olympics, becoming the first city awarded both the winter and summer games.Beijing narrowly defeated Almaty, Kazakhstan, in a vote of the International Olympic Committee. The vote was surpris