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World eying Kim Jongun's next move A month has passed since the collapse of the Feb.27-28 summit between U.S. President Donald Trump and North Korean leader Kim Jongun. While the two countries have shown signs that they are still up for more negotiations, there are few prospects for significant progress in the stalled denuclearization talks anytime soon. This week, U.S. offici..

Former vice minister caught in sex scandal The media has been plastered with sexual scandals involving former K-pop idols such as Seungri of the popular boy band BIGBANG and Jung Joonyoung. Since the entertainment industry has often been linked to such scandals, the public was not too surprised by the allegations of sex videos, prostitution and drugs. But many Koreans have bee..

Time to heal wounds of citizens hit by manmade disaster The southeastern port city of Pohang has earned the dishonorable nickname of "dangerous city" in the wake of the 2017 earthquake, the second-worst seismic event in the country. The quake left 118 people injured and caused damages of 84.5 billion won ($75 million). A considerable number of residents are still living in gro..

Authorities should get to the bottom of KT case Telecom giant KT faces illegal recruitment allegations following the arrest of a human resources executive suspected of unfairly hiring a daughter of Rep. Kim Sungtae, former floor leader of the largest opposition Liberty Korea Party (LKP). The arrest of the executive prompted the KT union to urge the prosecution, Monday, to expa..

At stake is how to ensure its implementation at bank windows President Moon Jaein announced his administration's plan on Thursday to induce the overhaul of lending practices. Attending a meeting to "declare a vision for innovative financing," President Moon said the government would introduce a comprehensive collateral system, which bundles up different assets, such as propert..

Government should not risk pulling down corporate ratings Many leading Korean businesses are in danger of experiencing a downgrade in their credit ratings. "After a robust performance in the three years to 2017, Korean companies are entering a credit downcycle ― albeit a moderate one," Park Junhong, a credit analyst at Standard & Poor's Global Ratings, said in a report Tused..

Korea-Japan relations are showing no signs of improving after months of conflict following a Supreme Court ruling late last year for Japanese firms to compensate Korean victims of forced labor during the 1910-45 Japanese occupation. The Japanese firms have refused to comply with the ruling, causing a diplomatic row between the two countries. The victims are seeking the seizure..

The state-run pension fund needs a better strategy The National Pension Service, which plays the role of a safety net for retirees, has shown disappointing performance. The NPS - the nation's top institutional investor and the world's third-largest with 644 trillion won ($570 billion) in assets - said its rate of investment return fell to minus 0.92 percent in 2018, the lowest..

Creating global mammoth to reshape industrial landscape A Planned merger of two of the country's major shipbuilders is expected to change the landscape of the global shipbuilding industry. The tie-up will create the world's largest shipbuilding group, which will control one-fifth of market. The nation's No. 1 shipbuilder, Hyundai Heavy Industries, signed a deal with the state-..

Bureaucrats' timidity, intervention drive away foreign investors Greenland International Medical Center, estanlished on Jeju Islang as a successful example of attracting foreign investment, is in danger of collapse apart even before it starts operation. The Jeju provincial government has set about to nullify its conditional approval of the Chinese-owned medical center for fail..