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Korea has ability to combat crisis: Moody’s

Korea has ability to combat crisis: Moody’s

Korea is well-positioned to weather the worsening global conditions thanks to its fiscal strength, the health of its banking system and manageable external positions, a senior official from Moody’s said. However, the historically high level of household debt, which continues to pose a considerable threat to financial stability, may have compromised the country’s ability to […]

KIPA, Yunnan College agree on ethnic projects

KIPA, Yunnan College agree on ethnic projects

The Korea Institute of Public Administration (KIPA) and Chinese Yunnan Public Administration College (YPAC) agreed to increase academic research Monday, in a joint effort to find a solution to ethnic problems. KIPA, a flag think tank under the Prime Minister’s Office, and YPAC share the view on the need that ethnic concerns should be addressed […]

US envoy on North Korea human rights to visit Seoul

US envoy on North Korea human rights to visit Seoul

The United States envoy on North Korean human rights will visit Seoul later this week for talks with South Korean officials amid ongoing humanitarian concerns about the Stalinist state. The trip by Robert King comes amid reports that the human rights situation has deteriorated in recent months and concern from aid groups over reported drought […]

Retooling business model

Retooling business model

Kakao Talk to enter social commerce market Kakao Talk, Korea’s most popular mobile messenger service, has acquired a social commerce company as part of its efforts to turn lucrative. But experts say the firm will face difficulties ahead. “There’s no guarantee that Kakao Talk’s bet will pay off as the local social commerce market is […]

‘Medical tourism is next big thing’

‘Medical tourism is next big thing’

Korea Tourism Organization (KTO)’s chief Lee Charm sees medical tourism as the next big thing for the nation’s tourism industry. “The prospect for medical tourism is fantastic. The area of medical service has unlimited growth potential.” Lee said in a recent interview with The Korea Times. “Korea’s medical services are at a high level not […]

English divide deepens further

English divide deepens further

The massive gulf between the rich and poor contributes to a dramatic disparity in English skills, government researchers said Monday. With the economy in decay, low-income earners are unable to pay for private language courses while the quality of public education just isn’t cutting it. This marginalizes them in society even more as English proficiency […]

Smuggler arrested for helping N. Korea launch cyber attack

Police have arrested a smuggler for allegedly helping North Korean intelligence attempt cyber terrorism on government computer networks through online game software. The Seoul Metropolitan Police Agency said Sunday that the 39-year-old man, surnamed Cho, is under investigation for purchasing 10 versions of gambling software with malicious code from North Korean agents in China and […]

Dispute over rant by DUP’s Lim intensifies

Dispute over rant by DUP’s Lim intensifies

The dispute involving the rant by Rep. Lim Su-kyung of the Democratic United Party (DUP) on North Korean defectors is escalating despite the lawmaker’s apology. Lim, a former pro-North Korean student activist, is drawing fire not only from the ruling Saenuri Party but also from conservative groups as a whole for her abusive remarks. Rep. […]

High TOEIC scorers not fluent in English

Park Jai-sang, a 27-year-old college graduate in Seoul, is nicknamed a “TOEIC genius” among his peers because every time he takes the English proficiency test, he scores higher than 900. Considering his score, his level of proficiency should be excellent. When he applied to work at a major trading company, he was even asked by […]

Kim Doo-gwan to announce presidential bid in July

Kim Doo-gwan to announce presidential bid in July

Kim Doo-gwan Gov. Kim Doo-gwan of South Gyeonsang Province said Monday he is considering running for the presidency and will make a formal announcement in July. “The opposition camp must prevent the conservatives from winning power in the upcoming presidential elections, after they promised to realize regime change,” said Kim in an interview with an […]

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