The UN Security Council on Monday condemned North Korea over its latest missile launch, warning of further sanctions. In a statement adopted unanimously, the 15-member council urged the communist nation to show “sincere commitment to denuclearization through concrete action.” “To that end, the Security Council demanded the Democratic People’s Republic of Korea conduct no further nuclear and ballistic missile tests,” the council said, using the official name for the North. UN Secretary-General An

ALL IN ONE -- Models show new fans that feature light-emitting diodes at the Seongsu branch of E-mart in Seoul on Tuesday. One of the LED fans displays messages when turned on. Another fan works as a clock and comes with an LED display that shows the temperature. (Yonhap)

In conjunction with Lotte Card and Lotte Data Communication, 7-Eleven has launched its first smart convenience store equipped with a BioPay system at Lotte World Tower on Tuesday.BioPay is a payment method that allows consumers to make transactions by identifying themselves with a part of their body linked to a preassigned credit card.  A visitor visits the newly opened 7-Eleven Signature store at the Lotte World Tower on Tuesday. (Yonhap)It is the first such store to be opened by 7-Eleven in th

In light of North Korea's recent provocations, the United States does not see the right conditions under which it could engage in talks with Pyongyang, a White House official handling Korea affairs said Tuesday."Right now, we certainly do not see the right conditions in light of the provocations," Matt Pottinger, senior director for East Asia at the National Security Council, told reporters after holding a meeting with foreign ministry officials."We would want to see concrete movement to reduce

South Korea’s anti-trust watchdog said it has fined France’s BNP Paribas and Germany’s Deutsche Bank a combined 176 million won ($157,000) for colluding on foreign exchange forward bids.The Fair Trade Commission said officials at the two bank’s Seoul branches colluded on prices of foreign exchange forwards, prior to 44 rounds of bidding worth $224 million for two local companies from April to July in 2011. The FTC did not reveal the names of the two local firms. The two E

Celebrating 180 years of success, global household brand Proctor & Gamble emphasized its commitment to raising leaders within the company. P&G’s talent management system is recognized by human resource experts in the headhunting market, as former P&G employees and executives excel in various work areas across industries. Former GE CEO Jack Welch worked for P&G before joining GE. In Korea, several heads of global firms, such as Homeplus, Danone and Hermes, started their careers at P&G. The key to

The Constitution needs to be revised and the best way to do it is for the president to present a revision proposal to the parliament, according to the prime minister nominee.“The time has come to repair the current Constitution,” Lee Nak-yon told reporters Tuesday on his way to the Korea Banking Institute in Jongno-gu, Seoul, where a preparatory team has been set for his upcoming confirmation hearing.Lee was tapped as prime minister on May 10, President Moon Jae-in’s first day in office, and is

Korea’s major private equity firm MBK Partners has sold 5 percent stake in Coway, the nation’s largest water purifier maker and rental firm by market share, in the form of a block deal, news reports said Tuesday.A block deal refers to a trade of massive shares at an arranged price between the seller and buyers, often institutional investors, outside the open market to reduce the impact on the price of the targeted shares. The buyout fund sold the shares to major institutional investo

President Moon Jae-in tapped a former liberal lawmaker who served as campaign spokesperson for one of his key rivals during the party's primary, the presidential office Cheong Wa Dae announced Tuesday.Widely recognized for his communication skills, the new spokesperson Park Soo-hyun is the right person to deliver the president’s message to the press and the public, according to Moon’s chief press secretary Yoon Young-chan. Park Soo-hyunThe 52-year-old Park, who has frequently served as spokesper

The completion date for the world‘s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said, almost six years after launching the record-breaking project.Saudi‘s Jeddah Tower is to rise more than a kilometer, placing it above Dubai’s Burj Khalifa.The world‘s tallest artificial structure is the 828-meter-tall Burj Khalifa in Dubai. The second-tallest self-supporting structure and the tallest tower is the Tokyo Skytree.　

(McDonald's Korea)Managing Director of McDonald’s Korea Melanie Joh (right) receives a citation from Food and Drug Safety Minister Sohn Mun-gi in celebrating the 16th Food Safety Day Sunday. The company’s efforts to promote healthier lifestyles by providing “zero trans-fat” products, lowering the sodium content in its french fries, and launching new salad menus were recognized by the ministry. Also, the “Made For You” system where products are made upon order and the “30 Minute 20 Second Time Ou

Guarding the entrance of Seoul National University, located at the foot of the city’s southwestern mountains, is a monument that looks like a triangle with a pronged pole to its right. Created by rearranging the Korean letters in the school’s name, the sculpture resembles the letters for the sound “sha,” which is why a newly bustling alleyway near the university has come to be called “Sharosugil.”　The street, located behind the large boulevard that stretches in front of Seoul National University