Having a consistent policy on North Korea may be the key to denuclearizing the North, US experts said Thursday. They argued the North may have had little or no incentive to actually give up its nuclear weapons since it had been rewarded without doing so. "I think it's because there has been an inconsistent foreign policy, not only from the United States but a lot of countries, and we have in the past rewarded people like Kim Jong-il, they took our support and made promises, and then after

US President Joe Biden on Thursday reaffirmed his plan to get up to 100 million Americans vaccinated over the next 100 days as part of his strategy to combat the COVID-19 pandemic that he said is based on science and not politics. Biden also urged the people to "mask up" until they get vaccinated, insisting the act of wearing a mask alone can save tens of thousands of lives over the next few months. "Well, one of our 100 day challenges is asking the American people to mask up fo

South Korea's trade ministry said Friday that the World Trade Organization (WTO) has ruled in favor of Seoul in its lawsuit against the United States centering on high tariffs imposed on local steel and power transformer products. Washington has been levying high tariffs on some South Korean products by applying the "adverse facts available" (AFA) provision since May 2016, according to the Ministry of Trade, Industry and Energy. The provision allows extremely high anti-dumping and co

Ten people affiliated with US Forces Korea have tested positive for the new coronavirus, the US military said Thursday. A US Department of Defense official working at US Army Garrison Yongsan tested positive Wednesday after developing symptoms. She last visited the base on Monday, according to USFK. The spouse of another DoD official in Yongsan who tested positive earlier and a service member stationed at Kunsan Air Base were also confirmed to have contracted the virus the same day. &ldquo

The foreign ministry on Thursday welcomed new US President Joe Biden’s pledge to strengthen alliances, saying it will work with Washington to that end and seek an early summit between the two countries. “Our government welcomes that President Biden, through his inauguration speech, has expressed a willingness to lead the international community with the power of example, and particularly, to strengthen alliances,” ministry spokesperson Choi Young-sam said in a press briefing

President Moon Jae-in pledged Thursday to maintain close partnerships with the new US administration, chairing a rare plenary session of the National Security Council (NSC) hours after Joe Biden's inauguration. "The government will develop the South Korea-US alliance as a more comprehensive and mutually beneficial one," he said at the outset of the session held at Cheong Wa Dae, which was briefly open to pool reporters. Moon also said his government will make utmost efforts to restar

South Korea's benchmark stock index hit an all-time high Thursday on strong foreign buying, buoyed by stimulus hopes related to the inauguration of US President Joe Biden. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 46.29 points, or 1.49 percent, to close at 3,160.84 points. Trading volume was moderate at about 1.3 billion shares worth some 24.6 trillion won ($22.4 billion), with gainers outnumbering losers 602 to 246. Foreigners bou

A former national short track speed skating coach was sentenced to 10 1/2 years in prison on Thursday on charges of sexually assaulting Olympic champion Shim Suk-hee. The Suwon District Court convicted Cho Jae-beom of violating the Act on the Protection of Children and Juveniles against Sexual Abuse, saying his act is highly condemnable. Cho is accused of assaulting Shim for about three years until a few months before the country hosted the 2018 Pyeongchang Winter Olympics. The court also orde

A local office of global pharmaceutical company Pfizer Inc. is expected to submit an application for the approval of its COVID-19 vaccine to South Korea's drug safety agency, industry sources said Thursday. The company is planning to submit the application to the Ministry of Food and Drug Safety before the end of this month, they said. Approval would mark the country's first batch of vaccines as part of a procurement program. Earlier, the government signed a COVID-19 vaccine procurement contra

South Korea's trade commission decided Thursday to uphold the existing anti-dumping tariff on imported Chinese H-shaped steel beams. The move will extend the anti-dumping tariff, which has been in force since July 2015, by another five-year period, according to the Ministry of Trade, Industry and Energy. H-shaped structural steel beams are widely used in building large structures. The domestic market for the product was estimated at 2.2 trillion won ($2 billion) in 2019, or 2.8 million tons.

South Korea's national gender equality level improved for the fifth straight year in 2019, as more women were appointed to senior government posts and committees, a government report showed Thursday. The country's gender equality index stood at 73.6 out of 100 in 2019, inching up 0.5 points from the previous year, according to the report by the Ministry of Gender Equality and Family. The index measures gender equality in eight major categories: family, welfare, health, economic activities, deci

South Korea said Thursday it plans to expand subsidies provided for electric vehicles and hydrogen fuel-cell automobiles this year in line with the country's green energy drive. Under the plan, South Korea will allocate 1 trillion won ($930 billion) to promote sales of electric cars, which marks a 25 percent rise from a year earlier, according to the Ministry of Trade, Industry and Energy. The budget allocated for hydrogen cars will also reach 365.5 billion won, up 52 percent on-year. The cou

The number of beef cattle in South Korea rose nearly 4 percent in the fourth quarter of the year on increased beef consumption, government data showed Thursday. Asia's fourth-largest economy had 3.36 million beef cattle, including Korean-breed cattle known as "hanwoo" here, as of Dec. 1, up 3.9 percent from a year earlier, according to the data from Statistics Korea. It represents the largest-ever fourth-quarter tally since the statistical agency began tracking related data in 1983.

Deaths from industrial accidents rebounded in South Korea last year, the labor minister said Thursday, despite the Moon Jae-in government's pledge to halve the number of workers killed in the line of duty during its term. Minister of Employment and Labor Lee Jae-kap said industrial disasters and work-related accidents took the lives of 882 workers in 2020, marking a rise of 27 deaths from the previous year. The number of workers killed on the job had increased from 964 in 2017 to 971 in 2018 b

Preorders for Samsung Electronics Co.'s new flagship smartphone line are estimated to be larger than those of its predecessor, industry insiders here said Thursday, as the South Korean tech giant targets brisk sales of its latest 5G handsets. Preorders for the Galaxy S21 series are expected to be 15-20 percent more than those of the Galaxy S20 family, according to industry officials, apparently on the back of increased orders for unlocked phones. In South Korea, a weeklong preorder period star

South Korea's ICT ministry said Thursday it will provide 21.2 billion won ($19.3 million) to support the production of local broadcast content in a bid to boost next-generation media services. The Ministry of Science and ICT said it will focus on over-the-top (OTT) or video streaming content this year, setting aside 5.1 billion won to support short form videos and cross media content. It will also provide an additional 10.3 billion won in support for content targeted for overseas markets and p

Foreign Minister nominee Chung Eui-young said Thursday that he felt a sense of "immense responsibility" amid "difficult" diplomatic environments, as he faces the North Korean nuclear quandary and other policy challenges if appointed. President Moon Jae-in designated Chung, the former director of the National Security Office, as new foreign minister on Wednesday, as Seoul seeks to tighten up cooperation with the new US government of Joe Biden to resume stalled nuclear diploma

President Moon Jae-in's latest job approval rating has shown a strong rebound, landing back in the 40 percent range for the first time in two months, following his New Year's press conference and a Cabinet shake-up, a poll showed Thursday. In the three-day tracking survey by Realmeter of 1,510 voters nationwide from Monday, Moon's approval rating stood at 43.6 percent, soaring 5.7 percentage points from a week ago. Moon's approval ratings tallied by Realmeter, which stood at 43.8 percent in la

South Korean online gaming giant NCSOFT Corp. said Thursday that it will launch its K-pop fan platform globally next week. The platform, named Universe, will be simultaneously available on Google's Android and Apple's iOS devices on Jan. 28, NCSOFT said. Universe allows users to enjoy different K-pop content on mobile devices through the gaming firm's latest artificial intelligence (AI) technology. More than 4 million K-pop fans around the world have already pre-registered in 188 countries, N

Hyundai Motor Co. said Thursday it opened an ultra-fast charging station for electric vehicles (EVs) in southeastern Seoul in the latest move that could boost convenience for drivers of zero-emission cars. Hyundai Motor and SK networks, a chemical and energy company, jointly transformed an old gas station into South Korea's largest ultra-fast EV charging station spanning 4,066 square meters, the companies said. The station has eight 350 kWh high-speed chargers developed by Hyundai Motor, which