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Tue, October 20, 2020 | 05:54

Questions linger over New Deal Fund

The much-hyped New Deal Fund may not be as effective a growth plan as the government expects, unless preceded by a drastic measure to guarantee profit margins acceptable to businesses that have no need to borrow money at a higher rate from the fund pooled by the public, experts said Thursday. The profit-oriented infrastructure builders and renewable energy producers will have no incentive to find a new source of funding, since the sector has established way of financing and deal-sourcing with minimal government intervention for over two decades. Even if a few big name lenders cough up money to set up the fund just to “toe the government line,” the collective, forced move will be criticized as nothing less than “extortion,” altogether undermining the government initiative supposedly set up to bolster sustainable growth.

Experts advocate for immigration amid population decline

The government should change its immigration policy drastically in the face of...

[INTERVIEW] 'Korea's population outlook makes immigration talk inevitable'

Gov't to resume distributing discount coupons for museums, theaters

The government will resume the distribution of discount coupons for museums, l...

Will Korea end sales of combustion engine vehicles in 2035?

The Korean government is contemplating when it will finally call an end to the sales of combustion engine vehicles here. Since the country...

S. Korea reaffirms commitment to NK-US talks

The South Korean government has shown its determination to keep the denuclearization talks between North Korea and the United States afloa...

Koo Jeong-a explores possibility of luminosity

Koo Jeong-a's solo exhibition "2020" at the PKM Gallery presents a form of “dual existence.” With the lights on, there are yellowish white...

New 'remote' flare stack monitoring to reduce harmful emissions

A new way to monitor flare stacks “remotely” to maintain their combustion rate high and reduce environmentally hazardous emissions has been developed by state environmental resea...

KOICA aid targets COVID-19-hit Cambodians

The Korea International Cooperation Agency (KOICA) is supplying 15,000 sets of food and hygiene products for Cambodians who had migrated to neighboring countries but returned hom...

North Korea not paying back its $875 mil. loan to South Korea [VIDEO]

North Korea has a huge amount of loans to pay back to South Korea, but chances of repayment seem to be very slim. The South Korean government has offered more than trillion won i...

Eximbank criticized for going against gov't's green drive

The Export-Import Bank of Korea (Eximbank) has come under criticism for assisting in investments of hundreds of billions of won in overseas coal projects, in a contradictory move...

'KCON:TACT season 2' draws 2 million audience in 3 days

Online Korean culture festival “KCON:TACT season 2” attracted two million paid/unpaid viewers in three days (Oct. 16-18), the event organizer CJ ENM said Monday.

Teen dies after getting flu shot; cause of death not yet determined

A teenage boy died after being administered with a seasonal flu vaccine, yet the cause of his death has not yet been determined, health authorities said Monday. The 17-year-old b...

BTS-universe drama cast confirmed

The cast for BTS-universe drama “Youth” has been confirmed. Actors Seo Ji-hoon, Noh Jong-hyun, Ahn Ji-ho, Seo Young-joo, Kim Yoon-woo and Jeon Jin-seo will play BTS's Jin, Suga, ...

BLACKPINK's first full album ranks No. 6 on Billboard 200 in second week

K-pop girl group BLACKPINK's latest album ranked No. 6 on Billboard's main album chart this week, coming in the top 10 on the chart for the second consecutive week, according to ...

Korea sees increase in male nurses

While nursing professionals still remain predominately female, the number of male nurses has steadily been growing in recent years. The concept of male nurses is nothing new, but...

'We are not afraid': France rallies after beheading of teacher

Tens of thousands of people rallied in Paris and cities across France on Sunday in solidarity with a teacher beheaded for showing pupils cartoons of the Prophet Mohammed. Demonst...

Pianist Cho Seong-jin to hold recitals in Korea amid COVID-19

Pianist Cho Seong-jin will hold nationwide piano recitals from Oct. 28 to Nov. 9, for the first time in almost three years since he held his last solo performance in January 2018...

SKB aims to establish NE Asia's data center hub by 2021

SK Broadband (SKB) has suggested making Saemangeum a data center hub for Northeast Asia with an innovative low-power model that incorporates new and renewable energy sources, for...

Finance ministry's portal 'useless'

Open Fiscal Data, a tax revenue and expenditure data portal set up and operated by the Ministry of Economy and Finance, remains underutilized by the public despite a hefty invest...

After battery spinoff, LG Chem focuses on legacy business

After announcing its plan to spin off its battery business, LG Chem is trying to shift investors' focus to its legacy businesses - chemicals and biotechnology - as the company ha...

Lawmakers fail to tackle Netflix, Google issues in audit

The Science, ICT, Broadcasting and Communications Committee has failed to summon the heads of Google Korea and Netflix Services Korea to appear as witnesses in this year's annual...

CGV to close 30 percent of its theaters due to pandemic slump

CGV, the country's largest multiplex operator, said Monday it will reduce 30 percent of its cinemas as the pandemic continues to slam the movie industry.

Swedish audiobook platform Storytel aims to expand presence here

The country's publishing market has been stagnant for some time with more people doing things with their smart devices instead of reading books.

Samsung heir departs for Vietnam for potential investment

Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, on Monday departed for Vietnam as he seeks more business opportunities amid...

North Koreans exposed to gruesome human rights abuses in pretrial detention: rights group

North Koreans under pretrial detention experience extreme human rights abuses by corrupt law enforcement, from confinement in dirty and overcrowded cells to coerced confession an...

Nordic countries to share health tech solutions against COVID-19

The embassies of Denmark, Finland, Norway and Sweden in Korea will hold their second joint annual talks, Oct. 23, to share Nordic experiences to global challenges. Titled “COVID-...

Armenia, Azerbaijan blame each other for truce violations

Despite a second attempt at a cease-fire, Armenia and Azerbaijan traded accusations Sunday of violating the new truce in their destructive conflict over the separatist region of ...

Woman repents for offering to sell newborn baby online: police

A Jeju Island woman, who recently caused a stir in Korean society after offering to sell her newborn baby for 200,000 won (US$175) in a mobile secondhand marketplace, has deeply ...

Single mom slammed for adoption listing in online marketplace

German businesses in Asia-Pacific hold biennial conference online

The Asia-Pacific Conference of German Business for the first time was held online, Oct. 19, to discuss the future of global value chains, acceleration of digitization in the time...

A practicing Catholic, Biden hopes to peel believers away from Trump

A rosary around his wrist, Joe Biden often speaks of the great comfort his Catholic faith has brought him in overcoming the tragedies that have deeply marked his life. When Ameri...

Video

North Korea not paying back its $875 mil. loan to South Korea

Massive blaze burns 33-story building ...

Military duty: Should we let BTS go or...

'My brother is not a defector': Brothe...

K-pop stars jailed for gang-raping wom...

Auto

New Hyundai Motor chief set to tackle key tasks

Hyundai mulling over governance overhaul

Chung Euisun to open new chapter for Hyundai Motor

Chung Euisun promoted to chairman of Hyundai Motor Group

Hyundai Motor's Chung Euisun to take up chairmanship

Hyundai Motor breaks ground for Singapore base

Samsung tops Forbes list of world's best employers

'Samsung set to win over TSMC in the end'

Samsung heir to visit Vietnam this week

Ride-hailing service firm SoCar receives W60b funding

SK Telecom launches mobility venture with Uber

Samsung Electro-Mechanics employee wins IDG's 'Ones to Watch Award'

Finance

Seoul stocks down for 4th consecutive day on virus concerns

Top lenders fail to increase regular employment

Citibank Korea conducts contactless CSR activities amid pandemic

Wedding day

Korea's national debt expected to soar over next 4 years: report

Korea needs to embrace inclusive policies for multiracial families

Entertainment

French pansori singer Laure Mafo shows passion in Korean music

CGV to reduce number of cinemas by 30% amid virus slump

Bae Suzy and Nam Ju-hyuk's 'Start-up' premieres at 4.5% rating

Refund Sisters release 'Don't Touch Me' LP

TWICE Jeongyeon to miss new album promotion due to anxiety issues

Atlanta police make arrest in actor's shooting death

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Editorial

Offering for war dead

Japanese Prime Minister Yoshihide Suga has infuriated South Korea and China ag...

Worst job market

The country's unemployment situation is getting worse, increasingly being affe...

Columns

Hard choices for South Korea

While North Korea's nuclear arsenal is being advanced, South Korea struggles to kee...

MIKTA promotes 'club governance'

The concept of “club governance” is on the rise. Governments are increasingly organ...

Thoughts of the Times

Defending democracy

Watching the opening debate between former U.S. Vice-President Joe Biden and his op...

US diplomacy toward North Korea 'successful': Pompeo

North Koreans exposed to gruesome human rights abuses in pretrial de...

North Korea expected to test new ICBM after US election: experts

Killed official's family upset over Moon's letter

North Korean leader visits typhoon-hit area, warns of 'defeatism'

North Koreans rally wearing masks after military parade

Catholic Church calls for unconditional ban on abortion

New 'remote' flare stack monitoring to reduce harmful emissions

S. Korea reaffirms commitment to NK-US talks

Political parties differ on fund scandal investigation

Gov't to resume distributing discount coupons for museums, theaters

Experts advocate for immigration amid population decline

SSG.com to target Coupang with new open market service

Lotteria struggling to get customers back to stores

S-Oil to bet on clean water startup, secure emission credits

After battery spinoff, LG Chem focuses on legacy business

Swedish audiobook platform Storytel aims to expand presence here

Will Korea end sales of combustion engine vehicles in 2035?

Chef seeks harmony between Korean ingredients, int'l cooking styles

Koo Jeong-a explores possibility of luminosity

Park Re-hyun's life as 'Triple Interpreter' - artist, wife and inter...

Sociologist rus bookstore in memory of late parents

Tteokbokki voted No. 1 comfort food amid pandemic

South Korean poetry 'Hysteria' wins US translation award

Abortion in South Korea

Whispers of the past: Jeongdong from the air in 1960

Meeting Kim Jong-un?

Color, crowds and bustle: Market day in Joseon

Tales from the palace: Cheoljong the beggar king (Part Two)

Escape from North Korea: My dreams as a woman came true in South

Autumn distraction

Defending democracy

MIKTA promotes 'club governance'

Offering for war dead

Worst job market

Flailing Trump thinks time travel will rescue his campaign

Hatton grabs first round lead at CJ Cup

Baserunning gets Braves again, NLCS slips away in Game 7

Tottenham collapses on Bale's return to draw 3-3 vs West Ham

KBO's budding star backs teammate's MLB bid, dreams of own big leagu...

Another collapse looming for K League-leading Ulsan

No revenge against Mexico and Qatar, Korea just happy to be back.

Asian Americans key in US election: Biden supporters

Copenhagen mayor resigns as #MeToo wave swells

Japan, Vietnam agree to boost defense ties, resume flights

Thai authorities seek to censor coverage of student protests

IMF: Nearly all Mideast economies hit by pandemic recession

Armenia, Azerbaijan blame each other for truce violations

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