M&A frenzy
SK hynix takes over US LAMD to bolster NAND flash business SK hynix has been in the limelight in the global M&A market after taking over two foreign companies in the past month, a move seen as SK Group’s attempt to foster the chipmaker as its growth engine. The bold move is in line with […]
Drought feared to worsen food shortages in N. Korea
Experts predict that the dry spell in North Korea will worsen food shortages by affecting cereal and vegetable crop production in the already poverty-stricken nation. They said the corn that was planted between mid-April to early May will be one of the crops most severely affected by the lack of irrigation. “North Korea will run […]
Taxi drivers stage massive strike
Cabbies threaten additional action in latter half About nine out of 10 taxis were at a standstill Wednesday, as drivers staged a massive strike, calling for a pay rise and recognition of taxis as public transportation. The drivers threatened to launch additional action in the latter half of the year if their demands are not […]
‘1965 treaty didn’t settle all issues’
Japan’s accountability for occupation remains outstanding This is the third of a series of interviews regarding how Japan should take responsibility for its colonial rule in Korea; and the 1965 Treaty on Basic Relations between Republic of Korea and Japan ― ED. A Japanese expert on Korea-Japan relations said Tokyo’s assertion that the compensation issue […]
Small biz struggle to make ends meet
Poor self-employed emerge as time bomb Korea’s self-employed population is swelling like a balloon due to a decaying job market that has sidelined millions of people and forced them into starting their own businesses. With economic activity squeezed to a pulp, there is a rapidly growing intersection between low-income earners, over-50 people and the self-employed, […]
Seoul to gain release of activists soon
Seoul and Beijing are working toward the release of human rights activist Kim Young-hwan and three other men detained in China, an official said Wednesday, downplaying reports of imminent repatriation. Earlier reports said the two sides had finalized the release of the group detained for over 80 days in Dandong, Liaoning Province on charges of […]
8 Soldiers Killed in Clashes with PKK
At least eight Turkish soldiers were killed and 15 were wounded on Tuesday in fighting with PKK (Kurdistan Workers Party) militants in southeast Turkey, security sources said, in the deadliest clashes in recent months. 10 terrorists were killed by Turkish military forces in retaliation. Terrorists attempted to attack a military outpost in Yuksekova town of […]
EU leaders at G20 vow to restore stability
EU leaders at the G20 summit say they are committed to providing a detailed plan for stabilizing the eurozone. The G20 summit opened in the Mexican resort of Los Cabos on Monday with leaders of industrialized and developing countries discussing the global economy. Eurozone leaders said various measures have been taken to address the credit […]
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Trump, Kim, and the Three P’s of Summit Diplomacy: 
