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KORUS FTA: boon or bane?

KORUS FTA: boon or bane?

A sign offering a 40 percent discount for American wines in celebration of the March 15 effectuation of the Korea-U.S. free trade agreement (KORUS FTA) hangs at the entrance of a wine store in an E-Mart outlet in downtown Seoul, Tuesday. The KORUS FTA will remove a 15 percent tariff on U.S. wines. Korean automakers […]

Amid brouhaha, KORUS FTA goes into effect

Seoul expects 5.7% GDP growth over next 10 years After nearly five years of debate, division and political bickering, Korea’s controversial free trade agreement with the United States (KORUSFTA) goes into effect at the stroke of midnight today. The deal brings together the world’s largest and 15th largest economies whose current annual exchange of goods […]

Stay in Pyongyang teaches many things

Interview with Chinese students who studied Korean in Pyongyang BEIJING – A growing number of Chinese students are coming to Seoul and other major cities of South Korea for studying. Of some 90,000 total foreign students here, about 70 percent are from China. However, not a few other Chinese students also go to Pyongyang, North […]

Families with 3 kids or more show steady rise

Families with 3 kids or more show steady rise

Lee Su-jin, a 30-year-old housewife, gave birth to her third child in January last year. She said it fulfilled the plan she and her husband made after they got married. “I thought it would be great to have three kids. Having two seemed somewhat insufficient to me,” said Lee, who married a pastor in 2006. […]

Hallyu boom triggers bureaucratic turf war

Hallyu boom triggers bureaucratic turf war

Ministries vie for dominant role as K-pop leaps borders The hallyu, or the Korean wave, its market grew tenfold last year, compared with a decade ago. According to industry experts, the K-pop craze, which is contagious among young people in Asia, Europe and Latin America, is a key driver for the record-high profits earned from […]

Korea, Philippines agree to prevent illegally-brokered marriages

The government will offer language and other educational programs to Filipino women tying the knot with Korean men prior to their arrival here, to help them adapt to their new life in Korea. This is part of an agreement between the two countries to stem “problematic” marriages between Korean men and Filipino women, the Ministry […]

Japan presence affects agencies’ shares

Japan presence affects agencies’ shares

K-pop entertainment agencies see their fortune greatly affected by the success of their bands in Japan. Clockwise from top left are male band Big Bang, girl group Girls’ Generation and duo TVXQ. K-pop boy band TVXQ is on an 11-city, 26-concert tour in Japan that started February and runs through April. It is expected to […]

Television becoming interactive

Television becoming interactive

A model watches a smart TV from Samsung Electronics at a product launch ceremony held in New York last Tuesday. The introduction of smart TVs and other devices is making television an increasingly social medium. For a long time, television has been regarded as a one-way medium, with viewers passively sitting and watching. But with […]

“Buddha born in Nepal”

“Buddha born in Nepal”

A documentary film, titled “Buddha born in Nepal,” was previewed at the auditorium of the Jogye Temple in downtown Seoul Sunday (Mar. 11). The film was produced as part of ‘Buddha Nepal campaign’ to publicize the fact that Buddha was born not in India but in Lumbini, Nepal. The campaign is managed by Non-Resident Nepali […]

‘Korean food is so healthy and delicious’

‘Korean food is so healthy and delicious’

Host of US TV cooking show touts local cuisine as Asia’s soul food Her husband may be a world-renowned chef, but when it comes to Korean cooking, Marja Vongerichten is the boss. The former model and actress, who calls Korean food the soul food of Asia, took her love for Korean cuisine out of her […]

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