|Owner(s)||Hankook Ilbo, under Dongwha Enterprise|
|Founded||November 1, 1950|
The Korea Times is the oldest of three English-language newspapers published daily in South Korea. It is a sister paper of the Hankook Ilbo, a major Korean language daily; both are owned by Dongwha Enterprise, a wood-based manufacturer. It had been published by the Hankook Ilbo Media Group but following an embezzlement scandal in 2013-2014 it was sold to Dongwha Group, which also owns Hankook Ilbo.
It is not to be confused with the Korean-language newspaper of the same name based in Los Angeles, USA catering to the Korean-American community. Two previous newspapers bore the name The Korea Times.
The president-publisher of The Korea Times is Lee Byeong-eon.
The Korea Times was founded by Helen Kim five months into the 1950-53 Korean War. The first issue on November 1 was a two-page tabloid. It was printed six days a week, skipping Mondays, and cost 100 won.
Kim set out to start the paper in 1949 when she became president of Ewha Womans University, and the initial editorial team came from Ewha's English literature professors. The paper maintained close relations with the Syngman Rhee administration, but began to criticize the president due to his interference in its publication. On April 23, 1954, the paper was acquired by Chang Key-young, then president of the Chosun Ilbo and later founder of the Hankook Ilbo.
On Sept. 26, 1958, The Korea Times managing editor Choi Byung-woo died at age 34, becoming the first Korean war correspondent to die while on duty. A boat carrying Choi and other foreign correspondents covering the Communist Chinese bombing of the Nationalist-led Quemoy and Matsu islands capsized. The Korea Times and the Hankook Ilbo held a memorial service for Choi at Kyonggi High School, his alma mater, on Oct. 11, 1958. The service was attended by hundreds of mourners. Choi was the main inspiration for the founding of the Kwanhun Club, a fraternity of senior journalists. Choi also played a leading role in the designation of April 7 as "Newspaper Day," which is observed by Korean journalists to this day.
On Tuesday, February 27, 1968, a fire completely gutted the main office of The Korea Times and its sister papers in Junghak-dong, Jongno-gu, downtown Seoul, killing seven workers and injuring three others. After the fire, The Korea Times managed to publish an abbreviated edition on February 28. During the restoration period, a number of readers and foreign organizations, including the American Embassy and the U.S. Operations Mission (a U.S. aid mission), either loaned or donated typewriters to The Korea Times. The newspaper took refuge in a nearby office in Chungmuro, where production was performed for years.
In 1968, the "Thoughts of the Times" column debuted, providing column space for members of the community. The first column was by Helen Kim. Over the years, the column has produced highly controversial articles.
The column "Scouting the City" ran from 1964 to December 1974, covering numerous controversial topics and criticizing others, including the United States Forces Korea. Under the penname Alf Racketts, the column was really by newspaper staffer James Wade. The author Ahn Junghyo wrote a column in the 1960s and 1970s.
Twice in history Korea Times managing editors have been detained over the "Thoughts of the Times" column. Managing editor Henry Chang published "Definition of a Gambler" under a penname on July 30, 1958, leading to his imprisonment for 16 days under sedition charges.
On June 11, 1973, Bernard Wideman wrote a satirical article in response to a Time article on Japanese tourists and kisaeng, he put forth outrageous proposals governing the control of women. In response, Orianna West, an American housewife living in Seoul, wrote a response piece calling for the subjugation and exploitation of Korean boys. In response, local newspapers reprinted translations of the satirical articles, criticizing the foreigners. Managing editor Chang Soon-il was taken to the intelligence authorities in response.
Columnist Michael Breen contributed a satirical column lampooning various South Korean public figures, including President Lee Myung-bak, singer Rain, and Samsung. Displeased with Breen's allusions to their corruption and arrogance, Samsung filed civil and criminal suits against him and the paper for libel. After an apology and after Breen told prosecutors during interrogation that the column was his own idea, the paper was dropped as a respondent, but the suit against Breen himself remained. One South Korean media outlet claimed that the entire column as an insult to the country of South Korea itself. Samsung dropped the civil suit after an apology by Breen. The criminal case went to trial but was thrown out by the judge on the grounds that there was "no victim."
On September 11, 2015, The Thoughts of the Times column published an article titled "Why won't you sit next to me on the subway?" The article was quickly uncovered as a practical joke. Chief editorial writer Oh Young-jin apologized to readers, threatening law enforcement involvement in future cases, and pledging to keep the paper's open-door policy, inviting readers, professional or untrained, to contribute.
On June 2, 2017, managing editor Oh Young-jin published a contentious article titled "Holocaust vs. comfort women." On June 5 he published a selection of reader feedback, including one holocaust denier. On June 14, he published a letter titled "Holocaust happened."
The Korea Times has been criticized for republishing tabloid news, especially on cryptozoology and UFO sightings. It has reposted articles from Weekly World News and The Onion, including a widely spread article naming Kim Jong-un "The Onion's sexiest man alive" for 2012.
The Korea Times established the Modern Korean Literature Translation Awards on its 20th anniversary in 1970, to lay the groundwork for promotion of Korean literature internationally and ultimately to produce a Nobel literature laureate from Korea.