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N. Korea expected to conduct full-range SLBM test within 12 months: U.S. expert

North KoreaJul 14, 2016

North Korea appears to be making progress in its submarine-launched ballistic missile development and is expected to conduct a full-range test within the next 12 months, a U.S. expert said Wednesday.The communist nation carried out the latest SLBM test last week, but the launch was considered a failure as the missile, known as KN-11, exploded at an altitude of some 10 kilometers after being launched from a submerged submarine. (yonhap)It was the second SLBM test this year after the first one in
Length of domestic highways to top 5,000 km by 2020

Social affairsJul 13, 2016

South Korea will increase the length of domestic highways to over 5,000 kilometers over the next four years to ensure faster and safer travel and ease traffic congestion, the government said Wednesday. The Ministry of Land, Infrastructure and Transport unveiled the draft of the comprehensive road plan that calls for extending the combined length of nationwide highways from the current 4,193 km to 5,131 km by 2020.Once the 73.7 trillion-won ($64.2 billion) project is completed, the road construct
Korea to jack up R&D spending on semiconductors

TechnologyJul 13, 2016

The government said Wednesday that it will allocate an additional 1.1 billion won ($958,000) to the development of next-generation semiconductors in an effort to boost the industry.This year's R&D budget will be put at 35.6 billion won, according to the Ministry of Trade, Industry and Energy.The state research and development funds will help the country maintain its worldwide competitiveness and raise self-sufficiency in the production of semiconductors, the ministry said.The state R&D expenditu
Seongju residents stage anti-THAAD rally

Social affairsJul 13, 2016

Thousands of residents in the southern town of Seongju took to the streets on Wednesday to protest the government's designation of the town as a site for the deployment of an advanced U.S. antimissile system.Some 5,000 residents of the town in North Gyeongsang Province staged a massive rally, chanting slogans upbraiding the government for the decision to station a Terminal High-Altitude Area Defense battery in the town.The residents argued that the decision by Seoul and Washington to bring in TH
Samsung smartband tops U.S. consumer study

TechnologyJul 13, 2016

South Korea's tech giant Samsung Electronics Co. topped a U.S. quality test for the fitness smartband segment, industry watchers said Wednesday.According to the research conducted by industry tracker J.D.Power and Associates, Samsung Electronics won the highest consumer satisfaction ratings for a smartband for fitness.With the satisfaction rating-- based on performance, reliability, features, price, ease of operation, style and warranty -- calculated on a 1,000-point scale, J.D. Power said the S
Korean professor helps Chinese sex slavery victims

Social affairsJul 13, 2016

A South Korean professor has set out to help Chinese victims of Japan's wartime sexual slavery in a bid to ease the suffering that so many of his compatriots also went through.Yang Pil-seung, honorary head of a research institute on Chinese businesses at Seoul's Konkuk University, recently launched a charity fund in China with the aim of supporting the few surviving victims of the Japanese military's sexual enslavement during World War II.In a phone interview with Yonhap News Agency, Wednesday,
Samsung Heavy workers stage sit-in protest

IndustryJul 13, 2016

A group of workers of Samsung Heavy Industries Co., a unit of Samsung Group -- the country's largest conglomerate -- staged a sit-in protest Wednesday at the group's headquarters in downtown Seoul, demanding that the management's restructuring drive be nixed. Their protest, the second of its kind in less than one month, came as the shipbuilder, one of the country's big three shipyards, is seeking to launch a large-scale restructuring move in the face of a fall in new shipbuilding orders and wors
Defense ministry counters health, diplomatic concerns over THAAD deployment

DefenseJul 13, 2016

As South Korea moves forward with deploying the U.S. Terminal High Altitude Area Defense system, the country is expanding efforts to allay public health and diplomatic anxieties surrounding the move, local observers said Wednesday.South Korea and the United States are to officially announce the location for deploying a THAAD battery later in the day in the run-up to the full deployment of one THAAD battery by the end of 2017.A southern county of Seongju, close to the country's southeast coast, h
Cross border investment between Korea, China jumps on FTA

Jul 13, 2016

Cross-border investment between South Korea and China is on a steep rise, data showed Wednesday, apparently boosted by the countries' bilateral free trade pact.In the first five months of the year, new South Korean investment that arrived in China came to US$2.2 billion, up 12.2 percent from the same period last year, according to the data from the Korea International Trade Association.The amount surpassed Japan's $1.47 billion investment arriving in China over the cited period. South Korean inv
Korea, U.S. pick southern county of Seongju for deploying THAAD

DefenseJul 13, 2016

South Korea and the United States picked the mountainous southern town of Seongju as the location for deploying a Terminal High Altitude Area Defense system on Wednesday as the allies are speeding up efforts to place the anti-ballistic missile shield to counter North Korea's worsening nuclear and missile threats."South Korea and the U.S.' joint working group have proposed the Seongju area, North Gyeongsang Province, as the optimal place for the deployment ... and the countries' defense ministers
Banks reluctant to issue refund guarantees for new shipbuilding orders

Jul 13, 2016

South Korean banks, increasingly concerned about their credit exposure to the ailing shipbuilders in the country, are reluctant to offer refund guarantees for new orders, industry sources said Wednesday.According to the sources, KEB-Hana Bank, the main creditor of Hyundai Heavy Industries Co., asked that rival banks offer refund guarantees on time, and not retrieve loans extended to Hyundai Heavy.A refund guarantee issued by a shipyard's bank is important for a ship owner when ordering a new ves
[팟캐스트](153) THAAD 배치지역, 고부갈등

PodcastJul 13, 2016

진행자: 원호정, Paul Kerry1. 성주군 사드 배치 보도, 그 이후기사요약: 주한미군이 고고도미사일방어체계를 성주군 성주읍 성산리 일대 에 배치하기로 결정된 것으로 알려졌다. 성주군은 사드 배치가 이루어질 경우 군민의 생존권이 위협된다며 강력한 반대를 하고 나섰다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638'Allies choose Seongju for THAAD location'[1] South Korea and the U.S. have decided to deploy the Terminal High Altitude Area Defense in the southern region of Seongju, North Gyeongsang Province, and are ironing
N. Korea's dispatching workers to China in illicit manner: report

North KoreaJul 13, 2016

North Korea's security authorities have dispatched dozens of workers to coal mines in China's northeastern province of Jilin through illicit methods since the middle of May, a U.S.-based media report said Wednesday.Citing a source from the North's Ryanggang Province, Radio Free Asia reported that officials of the North's State Security Department stationed in the North Korean province sent 30 North Korean workers on July 2 to Changbai County in Jilin, an area bordering North Korea's Pochon Count
Main opposition key figures clash over THAAD

PoliticsJul 13, 2016

Leading figures in South Korea's main opposition Minjoo Party of Korea are squaring off over the deployment of an advanced U.S. missile defense system in the country, political observers said Wednesday."In terms of national interest, (the deployment) will bring more losses than gains," former party leader Moon Jae-in said. Moon is considered a leading opposition contender for the next presidential race slated for late 2017.Last week, Seoul and Washington agreed to station the Terminal High Altit
Korea's M2 money supply grows in May

Jul 13, 2016

South Korea's M2 money supply continued to grow from a month earlier in May on a rise in short-term deposits, central bank data showed Wednesday.The M2 came to 2,318.5 trillion won ($2,024.7 billion) as of end-May, up 0.7 percent from a month earlier, according to preliminary data from the Bank of Korea.The May tally marks an acceleration from a 0.3 percent on-month gain in the previous month.M2 refers to currency in circulation, including bank debentures and deposits with a maturity of less tha