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,

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

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 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

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

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

 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

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

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

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

Household loans extended by local banks continued to rise at a fast rate in June, apparently on record low interest rates, central bank data showed Wednesday.Outstanding household loans extended by local lenders came to 667.5 trillion won ($582.67 billion) as of the end of last month, up 6.6 trillion won from the previous month, according to the data from the Bank of Korea.The on-month increase far outpaced a five-year average of 3 trillion won for June from the 2010-2014 period, it noted."Home-

President Park Geun-hye's top security advisor warned Wednesday that South Korea will "strongly" retaliate should North Korea undertake any provocations to protest the decision by Seoul and Washington to deploy an advanced U.S. anti-missile system here.Kim Kwan-jin, chief of the National Security Office under the presidential office Cheong Wa Dae, made the remarks a few days after Pyongyang warned of "physical actions" against the allies' decision to station a Terminal High-Altitude Area Defense

North Korea is keeping tight control of news on the U.S. government's recent sanctions that it placed on leader Kim Jong-un for human rights abuses for fear the information could spread among its people.North Korea's state-run media has not made any report on Washington's sanctions on the leader since the North's official Korean Central News Agency reported Sunday that it has decided to close down its communication channel with the United States in protest of Washington's latest moves. North Kor

The Hyundai Solaris compact passenger vehicle from Hyundai Motor Co. became the best selling car among all vehicles sold in Russia in the first half of the year, the automaker said Wednesday.According to the leading South Korean automaker, the Solaris had accumulated sales of 45,930 units in the January-June period, beating its long Russian rival the Lada Granta of Russian automaker AvtoVAZ, which sold 43,967 units over the cited period.The Solaris, marketed as the Accent elsewhere, was the seco

South Korea called Wednesday for "peaceful and creative diplomatic efforts" to resolve the South China Sea dispute following a landmark ruling that rejected China's claims to the key body of water.On Tuesday, the Permanent Court of Arbitration in The Hague ruled that China has no historical rights to the resource rich waters that are also claimed by the Philippines and other Southeast Asian nations. In a statement, Seoul's foreign ministry said South Korea has consistently maintained the view th

Service businesses and employment form a big part of South Korea's leading conglomerates, but they are not delivering the profit and sales on par to their scale, analysis results showed Wednesday.The analysis by corporate tracker CEO Score compared the business performances and new employment of service-related affiliates of the 30 top conglomerates from 2010 to 2015. Results showed that in 2015, 66 percent of the conglomerates' subsidiaries were engaged in service-related business with 43 perce

South Korea's ruling Saenuri Party on Wednesday said the deployment of an advanced U.S. missile defense system is an "inevitable" choice to protect the country from North Korea's growing missile threats and urged the opposition parties to cooperate in supporting the move."The government made the inevitable choice for the country's survival and security," said Kim Hee-ok, the party's interim leader, requesting the support of the opposition parties and the general public on this matter.Last week,

South Korean retailers' business sentiment will remain weak under the current quarter, a survey showed Wednesday, as many expect a continued slump for all related businesses except for e-commerce.The Korean Chamber of Commerce and Industry said its retail business survey index stood at 96 for the third quarter of the year, down from the 98 recorded a quarter earlier.It's based on a poll of 941 retail businesses in Seoul and six other major cities nationwide. A reading below 100 means that pessim

South Korea and Iran have agreed to expand their direct flights between Seoul and Tehran to 11 times a week to help bolster bilateral economic cooperation following the lifting of international sanctions against the Middle East country, the government said Wednesday.South Korea and Iran reached an aviation agreement in 1998 to allow South Korean airliners to run four flights of passenger and cargo planes.Earlier this year, the Seoul government resumed the Seoul-Tehran air route and gave a flight

The main driver of South Korea's economy is shifting from the private sector to the government, who last year contributed to one-third of the country's economic growth, a think tank said Wednesday.South Korea's economy expanded 2.6 percent last year, with the government contributing 0.8 percent, according to the Korea Development Institute. State spending helped with 0.5 percent and government investment contributed 0.3 percent. Without such contribution, the country's economic growth last year