(News Focus) Fed move heralds possible rate reversal in U.S., S. Korea

By Kwak Young-sup SEOUL, Dec. 14 (Yonhap) — The U.S. central bank’s latest rate hike has raised the possibility of a reversal of key interests in the world’s top economy and South Korea next year that could destabilize the local financial market, an Source: Money

Affordable Phones Vie for Slice of the Christmas Market

Budget and mid-range smartphones are jostling for a share of the lucrative Christmas market as the latest high-end flagship smartphones cost over W1 million (US$1=W1,093).Telecoms are trying to lure students who just finished the annual college entrance exam and consumers looking for Christmas gifts… Source: Culture

Joint Drills to Be Delayed Till After Pyeongchang Olympics

Seoul and Washington have after all agreed to delay joint annual drills until late April so they do not overlap with the 2018 Winter Olympics and Paralympics in Pyeongchang. The annual drills normally kick off in late February or early March. “Washington was against the idea at first, but accepted S… Source: Culture

So-you Releases 1st Solo Album

So-you has released her first solo album seven years after her debut as a member of K-pop girl group Sistar, which disbanded early this year. “I am really nervous and excited,” she said in a showcase in Seoul on Wednesday, after songs from the album were made available on major music-streaming sites… Source: Culture

More and More Foreigners Live in Korea

Korea is home to an ever-increasing number of foreigners. According Justice Ministry data, there were 2.05 million foreign resident in Korea late last year, or four percent of the entire population. The figure may seem small in international comparison but has jumped more than six times in the last … Source: Culture

Youngsters Get Fatter

Obesity among youngsters is rising at an alarming pace. According to Statistics Korea on Tuesday, some 16.5 percent of adolescents were obese last year, 1.4 times more than in 2007. The proportion of overweight boys in schools was a whopping 26.4 percent in 2013, even higher than the OECD average of… Source: Culture

Youth Unemployment Soars to New High

The number of newly employed workers in Korea floundered below 300,000 in November for the second month running and youth unemployment soared to a new high. Statistics Korea on Wednesday said 26.85 million were in employment in November, up 253,000 or one percent from a year ago. Until July, over 30… Source: Culture

Moon's China Visit Overshadowed by Nanjing Commemorations

President Moon Jae-in arrived at Beijing Capital International Airport on Wednesday to start a state visit to China, but Korean Ambassador to China Noh Young-min was not there to receive him. Noh was in Nanjing to attend an event marking the 80th anniversary of the Nanjing Massacre. Chinese Presiden… Source: Culture

LG Releases Premium TV in Collaboration with Danish Stereo Maker

LG on Wednesday released a new premium OLED TV in collaboration with Danish high-end audio firm Bang & Olufsen.The BeoVision Eclipse boasts 4K resolution and comes in two sizes — 55-inch and 65-inch — and is coupled with Bang & Olufsen’s high-end audio system.  The 450 watt “sound cen… Source: Culture

Minors, Foreigners to Be Banned from Bitcoin Trade

The government on Wednesday decided to ban minors and foreigners from trading in cryptocurrencies in Korea. The ban will be enforced by making it impossible for them to open accounts at Korean bitcoin exchanges. Banks and other financial institutions will also be prohibited from trading or holding c… Source: Culture