WASHINGTON – Resumption of inter-Korean business projects cannot be considered without significant developments in denuclearization of North Korea, South Korean President Moon Jae-in said Thursday. In his meeting with US lawmakers in Washington DC, Moon said that despite the benefits of such projects, developments in denuclearization efforts must come first. “Kaesong Industrial Complex and Mount Kumgang tours had the effect of educating (North Koreans) that market economy, and (political system

WASHINGTON -- The leaders of South Korea, the US, and Japan are to hold a trilateral summit on July 6 on the sidelines of the Group of 20 summit in Hamburg, Germany. US National Security Adviser H.R. McMaster revealed Thursday that South Korean President Moon Jae-in, US President Donald Trump and Japanese Prime Minister Shinzo Abe will meet in Germany. According to South Korea’s presidential office, the meeting will take place over dinner, where the three leaders are expected to discuss a range

WASHINGTON -- Resolving the issues surrounding North Korea’s nuclear program is more likely than ever before under a Donald Trump presidency, South Korean President Moon Jae-in said Thursday. “The ultimate goal of South Korea and the US is to end North Korea’s missile and nuclear programs. This is only possible through a strong Korea-US alliance,” Moon said in his meeting with House of Representatives’ leaders including Speaker Paul Ryan.(Yonhap)“As it is a matter of top priority for President T

WASHINGTON – President Moon Jae-in met with leaders of the US Congress Thursday morning, ahead of the official welcome dinner hosted by President Donald Trump. Moon began his second day in the US by meeting figures from the House of Representatives including Speaker Paul Ryan, and Minority Leader Nancy Pelosi at 10 a.m. At 11 a.m., Moon was received by a group of senators including Sens. Mitch McConnell and Charles Schumer, respectively the Senate majority leader and minority leader. At the meet

WASHINGTON/SEOUL -- President Moon Jae-in on Wednesday said that peace on the Korean Peninsula will provide an opportunity for growth and investment in North Korea for both Korean and US companies. Speaking at a forum with US and Korean business leaders organized by the two countries’ chambers of commerce, Moon also urged closer collaboration between South Korean and US businesses to facilitate the two nations becoming “strategic economic partners.”At the event held in Washington DC, Moon said t

Apple's iPhone celebrates its 10th anniversary this week. Ten years after the iPhone debuted on June 29, 2007, the smartphone that started it all is still going strong. The iPhone has changed the way millions of users connect, communicate and work. From the latest sales, the smartphone has sold well over 1 billion units worldwide.

Much of the economic news out of Japan these days is unusually good. Growth has picked up. Joblessness is practically nonexistent. The country even appears to be tackling some of its long-term problems. The government is breaking with its often protectionist past and finalizing a major free-trade pact with the European Union.Yet there are also troubling signs that government and business leaders still haven’t learned enough from 25 years of economic drift and decay. The latest example is the sag

One thing almost all economic studies agree on these days is that higher minimum wages don’t throw many people out of work. A recent study of Seattle’s high-profile plan to raise minimum pay to $15 an hour by three University of California Berkeley economists found no drop in employment in the food-services industry as a result of the new higher wage. And a parallel study by the Seattle Minimum Wage Study Team at the University of Washington also estimated that the effect of the higher minimum w

Taeyoung, a South Korean cosmetics company, said its Elensilia snail cream has proven effective in delaying skin aging due to its high levels of snail mucus.According to Taeyoung, 80 percent of Elensilia consists of snail mucus, or snail slime, made by France-based cosmetic ingredients supplier Sederma.A key component of snail mucus known as glycosmainoglycans, or GAG, delays skin aging by preventing moisture from evaporating and boosting hydration levels, the company said.Elensilia snail cream

Coway, South Korea’s leading water purifier maker, released the AIS water purifier earlier this week, with an aim to change the paradigm of the water purifier market, the company said Thursday. AIS stands for aqua pure, ice and sparkling.“AIS is an innovative product that offers cleaner cold water, faster ice production and fizzy sparkling water,” said Coway CEO Lee Hae-sun through a statement.“The product will completely change the concept of ice, carbonic acid and water in the water purifier m