Hanwha affiliates swap CFOs to manage capital after large acquisition deal Hanwha Group has announced a cross-affiliate reshuffle of chief financial officers to ensure rigorous financial management after injecting 2 trillion won ($1.5 billion) into the acquisition of Hanwha ..

Korean solar module producer SDN begins production of 600W floating model SDN Co., a South Korean producer of solar modules, announced Thursday that it has obtained Korean Industrial Standards (KS) certification and carbon certification for its new floating solar module and..

Financially strapped Winia Electronics files for court receivership South Korea’s Winia Electronics and subsidiary, Winia Electronics Manufacturing have filed for court receivership as they grapple with financial difficulties. According to sources on Thursday, Winia ..

DB Group vice chairman expands her scope via new ad agency Kim Joo-won, vice chairman and the eldest daughter of DB Group founder and former chairman Kim Jun-ki, has expanded her management involvement in the conglomerate with her role in a new in-house adver..

Billeon’s Pileus Insolo Tumbler K perfect for Millennial parents South Korean small-to-medium enterprises Billeon has unveiled its flagship Pileus Insolo Tumbler K product. With a 350 ml capacity, this remarkable tumbler is designed to sterilize not only the water ..

Uptick in Busan cruise tourism drives up demand for local retailers South Korean retailers in Busan could see another heyday as an increasing number of cruise ships enter Busan Port. Sales at department stores and duty-free shops in the city are particularly expected ..

Broadcom fined $14.3 mn for unfair practices against Samsung South Korea’s Fair Trade Commission (FTC) has imposed a provisional fine of 19.1 billion won ($14.3 million) on U.S. telecom chipmaker Broadcom and its subsidiaries in Korea and Singapore for abusing ..

SK chemicals to sell pharmaceutical business to Glenwood PE SK chemicals Co., South Korean conglomerate SK Group’s chemical unit, will be selling its pharmaceuticals business to local private equity fund (PEF) Glenwood Private Equity Co (Glenwood PE), with the..

New compact electric car “The Kia Ray EV” released in Korea Kia Corp. on Thursday announced the release of its new electric vehicle (EV) model, “The Kia Ray EV,” further expanding its electric car lineup. The Kia Ray EV boasts a range of features that make it..

Hanwha Ocean signs 4-party deal to develop large CO2 transport ship South Korean shipbuilder Hanwha Ocean Co. said Thursday that it signed a four-party agreement with EcoLog, American Bureau of Shipping (ABS), and Babcock LGE to collaborate on the development of a lar..

Shilla Duty Free to host virtual beauty class in collaboration with Est?e Lauder South Korea’s Shilla Duty Free announced Thursday that it will host a virtual beauty class for VIP customers in collaboration with global cosmetics brand Est?e Lauder. The virtual beauty class will b..

ETRI to develop AI platform for old document translations The Electronics and Telecommunications Research Institute (ETRI) announced Thursday that it is developing an artificial intelligence (AI) platform to help professional translators translate historical..

Hyundai Motor Group inks MOU with Georgia Tech for mobility projects South Korea’s Hyundai Motor Group announced on Tuesday (local time) that it has signed a memorandum of understanding (MOU) with Georgia Institute of Technology in Atlanta, Georgia, to facilitate colla..

Shinsegae Group reshuffles 40% of CEOs amid sluggish earnings South Korean retail giant Shinsegae Group on Wednesday carried out a massive reshuffle, replacing nine out of 25 chief executive officers in a sweeping overhaul, a move to arrest the deterioration of ..

Party politics delays Korea’s nuclear waste law The legislation on handling high-level radioactive waste, pending at the National Assembly, is unlikely to make any progress within this year despite the matter’s urgency, after a scheduled review by ..

Korea’s public energy companies to undergo intensive restructuring South Korea’s public energy companies struggling with chronic losses are expected to undergo intensive restructuring under the new Trade, Industry and Energy Minister Bang Moon-kyu and Korea Electric ..

Asan Medical Center among top 10 in 5 specialties: Newsweek Asan Medical Center, one of South Korea’s top medical institutions, has once again garnered international acclaim in a testament to its commitment to healthcare excellence. In Newsweek’s recently unve..

Hyundai Motor Group advances payment for suppliers ahead of Chuseok holiday As the Chuseok holiday draws near, Hyundai Motor Group has announced its plan to advance payments for supplier invoices, totaling almost 2 trillion won ($1.5 billion). This move by the automotive cong..

LG Electronics to invest $760 mn to upgrade smart TV content South Korea’s LG Electronics Inc. plans to invest 1 trillion won ($760 million) over the next five years to boost its content competitiveness and enhance user interface (UI) and user experience (UX) a..

Samsung Electronics, TSMC go all out to cut carbon emissions Global chip giants, including South Korea’s Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. (TSMC), are intensifying their efforts to reduce carbon emissions and promote the use of ..

Ministry of Unification to introduce North Korean metaverse tours South Korea’s Ministry of Unification said on Friday that the National Institute for Unification Education, its unification education body, will unveil a metaverse platform that is inspired by the mem..

Kyochon Chicken pilots autonomous robot delivery to Konkuk University Kyochon F&B Co., the operator of South Korean fried-chicken chain Kyochon Chicken, announced Friday that it will conduct a robot delivery pilot service in collaboration with Neubility, a local autonom..

Multimodal AI race intensifies with OpenAI’s latest image generator OpenAI, the developer of ChatGPT, unveiled Wednesday DALL-E 3, the latest version of its artificial intelligence (AI) model specializing in generating images from textual descriptions, intensifying a ..

Com2uS unit to slash labor force as metaverse market falters Com2Verse, a metaverse platform under Com2uS Corp., has embarked on a massive downsizing to reduce labor costs just one month after the release of its new metaverse services. As reported by multiple ..

Gyeongnam RobotLand Foundation, KNBIA team up to support robot startups Gyeongnam RobotLand Foundation revealed on Friday it recently signed a cooperation agreement with KNBIA, a business incubation association for the Gyeongnam region, to foster and support robotics comp..

Apps providing financial incentives for good habits gain popularity Platforms and applications that offer financial rewards for cultivating good habits, from health routines to learning, are gaining popularity amid the growing trend of cost reduction and saving money ..

Naver, Kakao expand commerce ecosystem to improve profitability South Korean platform giants Naver Corp. and Kakao Corp. are expanding their commerce advertising ecosystems within their key services as they go all out to improve profitability amid the stagnant adv..

SK pharmteco becomes CBM’s largest shareholder SK pharmteco, a subsidiary of the SK Group specializing in contract development and manufacturing organizations (CDMOs) for pharmaceuticals, has secured management control of the Center for Breakthrou..

LG CNS partners with IGIS Asset to explore AI and cloud-based potential LG CNS Co. said on Wednesday that it has recently signed a memorandum of understanding with IGIS Asset Management Co. for its drive for new projects in artificial intelligence (AI) and cloud solutions..

Naver lays foundation to enter fast-growing Indian market The enterprise value of eight Indian startups, which South Korean tech giant Naver Corp. invested in with the goal of pioneering a new market, has been confirmed to exceed 6 trillion won ($4.50 billio..

Naver tests generative AI Cue: South Korean internet giant Naver Corp. launched a free trial service of its generative artificial intelligence (AI) search engine “Cue:” on Wednesday, garnering industry attention amid fierce competi..

KT to exclusively manage Asian Games broadcasting network South Korea’s KT Corp. has been selected to manage the broadcasting network for the Asian Games set to take place in Hangzhou, China from September 23. KT, the country’s major telco, announced on Tue..

Naver’s HyperClova X gains traction: Report As South Korean platform giant Naver Corp. has been ramping up efforts to expand its market presence in the business-to-business (B2B) sector with its in-house large language model (LLM) HyperClova X ..

Global tech giants race to release multimodal AI Big tech companies in the United States are expected to take a leap forward in the global artificial intelligence (AI) race by introducing a multimodal AI that can analyze and generate various forms o..

Gov’t on 3rd try for low-orbit satellite communication feasibility approval The South Korean Ministry of Science and ICT is on its third attempt to develop low-orbit satellite communication networks to develop the satellite communication technologies that are needed, although..

SK telecom hints at offering call recording feature for iPhone users South Korea’s top mobile carrier SK telecom Co. is expected to offer a call recording feature for iPhone users through its artificial intelligence (AI) platform A dot. According to SK telecom officia..

“Techno Big Bang” opportunities showcased at WKF The 24th World Knowledge Forum (WKF), held at the Shilla Hotel in Seoul, South Korea on Thursday, highlighted remarkable examples of new businesses emerging from the ongoing “Techno Big Bang.” The ev..

Krafton, Naver Z to unveil joint metaverse platform in December Krafton Inc., a leading game developer in South Korea, will unveil a joint metaverse platform with Naver Z under portal giant Naver Corp. in December. Krafton said on Thursday that the name of the jo..

Koreans’ monthly mobile data usage surpasses 15GB for first time in July The average monthly data usage per smartphone user in South Korea topped 15 gigabytes (GB) for the first time in July, more than doubling since the country rolled out fifth generation (5G) service in ..

Alim Talk surpasses 100 million daily messages after 8 years of service KakaoTalk’s Alim Talk recently achieved a significant milestone by surpassing a daily maximum message count of 100 million. Alim Talk is a service that enables corporate clients to send informative Ka..

Shinpoong Pharm shares drop on regulator probe Shinpoong Pharmaceutical shares fell Friday morning as the Financial Services Commission (FSC) has launched an investigation into allegations that employees had traded shares using undisclosed informa..

Doosan Robotics IPO draws $2.6 bn in retail deposits on first day Doosan Robotics Inc., a South Korean developer of collaborative robots, drew 3.5 trillion won ($2.6 billion) in deposits during the first day of public subscription for its initial public offering on ..

Finance Minister vows vigilance, concerted actions amid rising uncertainty The South Korean government will closely monitor any market uncertainties that may be triggered by the recent policy move by the U.S. Federal Reserve, according to Deputy Prime Minister and Minister o..

Able C&C sale put on hold as business performance recovers South Korean cosmetics company Able C&C Co. put its sale process put on hold amid a notable uptick in its financial performance and the expected resurgence of Chinese tourists. IMM Private Equity (PE..

PEF to recoup investment from money-losing Discovery of Play A mid-sized Korean private equity fund (PEF) manager that invested in Woongjin Group’s new mobile platform, Discovery of Play, will be able to fully recover its investment after three years. Accordin..

Super-rich Koreans eye EV, battery stocks for growth potential Six out of 10 super-rich Korean investors plan to increase their stock holdings by the end of either this year or next year, a recent survey showed. In terms of promising stocks, they named electric v..

Chip stock investors suffer losses as TSMC delays equipment delivery Shares of semiconductor-related companies both domestically and globally took a hit as TSMC, the world’s largest semiconductor foundry, announced a delay in equipment deliveries for its facility expan..

Investments via brokerage-type ISAs grow rapidly, led by young investors The use of Individual Savings Accounts (ISAs), which allows subscribers to invest in various assets while enjoying tax benefits, has been steadily increasing in South Korea. Among these accounts, the ..

Shinhan, Woori banks spearhead ESG, climate finance initiatives in U.K. The local branches of South Korea’s Shinhan Bank and Woori Bank are strategically positioning themselves to become significant players in the financial landscape in the U.K. The lenders are presented..

Sung Gyung Food targets U.S. market with seasoned laver Sung Gyung Food Co., a South Korean manufacturer of seasoned laver, is gaining attention among investors as its value grows as a key exporter of dried laver. According to sources on Thursday, Sung Gy..

Doosan Robotics to become a world-class cobot manufacturer ahead of IPO: CEO Ryu Jung-hoon, chief executive officer at Doosan Robotics Co., announced ambitious goals for the company to become a world-class manufacturer of collaborative robots. “Our strategy is to take the lea..

Alibaba Group mulls acquisition of Korean online retailer 11Street Alibaba Group is reportedly in the process of pursuing the acquisition of 11Street Co., a South Korean e-commerce platform - a deal that could provide the Chinese e-commerce giant a stable foothold to..

Expensive stocks lose momentum in Korean market Expensive stocks, once characterized by high share prices and impressive earnings growth, tumbled from their leading positions in South Korea as stagnant profits and corporate splits halt the stocks’ ..

LG Electronics share price surges on strong Q3 earnings outlook Despite concerns about sluggish global demand for appliances, LG Electronics saw its stock price surge by 5.25 percent on Wednesday as it received optimistic forecasts for its third-quarter performanc..

CJ CGV raises capital despite initial shareholder backlash CJ CGV, the largest multiplex cinema chain in South Korea, has successfully secured its targeted capital increase after overcoming initial concerns from shareholders. On Wednesday, CJ CGV announced t..

Value stocks gain traction in Korea as growth stocks lose ground Investors in South Korea are turning to value stocks, such as financial stocks, as they are showing signs of rebound as to growth stocks. According to the Korea Exchange on Wednesday, the KRX Insuran..

Korean investors shift focus to inverse ETFs as battery stocks dip As South Korea’s secondary battery-related stocks experience recent declines after sparking a theme stock frenzy earlier in 2023, individual investors are changing their investment strategies and opti..

Retail investors flock to meme stocks in pursuit of short-term gains The South Korean stock market is leaning towards meme stocks, or so-called theme stocks, as large-cap stocks remain stagnant. This is due to an influx of funds seeking meme stocks as an alternative in..

Korean medical AI stocks rise sharply in September to date Even as South Korea’s stock market continues its sideways movement, there has been a noticeable surge in the stock prices of companies related to medical artificial intelligence (AI) listed on the Kos..

Korean conglomerates invest $3.01 bn in startups over past 2.6 years South Korea’s major corporations have made direct equity investments of more than 4 trillion won ($3.01 billion) in emerging startups over the last two and a half years. The sector that received the m..

Korea to go paperless to manage medical expense insurance claims South Korea will see a significant change in the process of claiming health insurance benefits, with individuals being able to receive their actual medical expenses without submitting paper medical ce..

Korea to expand deposit protection coverage for pension savings South Korea’s financial authorities are expected to extend the current depositor protection to financial products with strong social security characteristics, such as pension savings. But despite disc..

Concerns rise over high level of revolving credit, card loans in Korea South Korean credit card users are increasingly turning to revolving services that carry over dues despite the high interest rates, raising concerns about piling personal debt. According to the Credi..

France’s revised EV subsidy scheme could hurt Korean-made cars The French government unveiled the final version of its electric vehicle (EV) subsidy scheme, often referred to as the French-style inflation reduction act (IRA). The core principle behind this scheme..

Korea’s corporate debt-to-GDP ratio tops 120% in Q2 South Korea’s corporate debt as a percentage of its gross domestic product (GDP) has rapidly increased, surpassing 120 percent in the second quarter of 2023. The surge is attributed to a particularly ..

Kakao’s travel insurance premium makes waves in Korea Kakao Pay Insurance Corp.’s overseas travel insurance product is taking the local industry by storm. Within a mere month of its launch, the product garnered nearly 60,000 subscribers and has been show..

Former ECB president warns of a new financial crisis Former European Central Bank (ECB) President Jean-Claude Trichet warned Wednesday that there is a risk of a new financial crisis emerging in the most vulnerable countries or sectors, citing the prolon..

Kyongnam Bank PF loan embezzlement amount hits $225 mn: Financial authority South Korea’s financial authority confirmed on Wednesday that the amount embezzled by an employee in charge of real estate project financing (PF) at BNK Kyongnam Bank was almost 300 billion won ($225...

KB to offer low-interest loans for SK suppliers with top ESG initiatives KB Kookmin Bank will provide low-interest loans to SK Group’s suppliers that excel in environmental, social, and governance (ESG) management, aiming to drive positive change in various industries and ..

Korea to open carbon trading market to individual investors The South Korean government announced new measures to facilitate the nation’s carbon trading market, including plans to open the carbon market to individual investors and introduce carbon-related fina..

Mounting e-flation fears lead to grim outlook for Korean economy Rising oil prices amid production cuts by major oil producing countries are casting a dark cloud over South Korea’s trade balance, which had been on the road to recovery. International oil prices wer..

OECD maintains Korea’s 2023 growth forecast at 1.5% The Organization for Economic Cooperation and Development (OECD) projected South Korea’s economy to grow 1.5 percent this year, unchanged from its previous forecast in June, which is higher than the f..

Simplification of insurance claims for medical expenses at risk of delay The simplification of insurance claims for medical expenses in South Korea to allow policyholders to easily submit claims with just a few clicks, is at risk of stalling in the National Assembly due to..

Korea to expand eligibility for basic livelihood support, housing benefits More than 400,000 individuals in South Korea will be additionally eligible for basic livelihood support and housing benefits under the government’s revised criteria, which is aimed at addressing pover..

Korea releases $6 bn of Iran’s frozen assets after 4 years under sanctions The South Korean government has returned $6 billion to Iran, which was frozen in local banks due to financial sanctions against Iran. The frozen funds in Korea were the largest among Iran’s overseas a..

Korea reinforces residency requirements for health insurance dependents The requirement for foreign health insurance dependents to stay in South Korea has been strengthened to a minimum of six months. In response to growing concerns about some foreigners’ abuse of the he..

Listed Korean SMEs signal economic recovery as sales increase 9% South Korean small and medium-sized enterprises (SMEs) are showing signs of a rebound from a downturn driven by the economic downturn. Consumer goods industries, including automobiles and cosmetics, a..

Korea faces estimated $44.7 bn shortfalls in tax revenue this year South Korea’s national tax revenue this year is expected to fall short by 59.1 trillion won ($44.7 billion) compared to the initial estimate, marking its highest-ever shortfall. The forecast was anno..

Stalled energy plans raise concerns about supply expansion South Korea’s electricity demand is expected to surge led by advanced industries but the country’s long-term energy plans are stalled in the National Assembly due to political disputes, leading to con..

Reconstruction projects gain speed in Seoul’s Heukseok, Gayang areas Reconstruction efforts are gaining momentum in Heukseok-dong and Gayang-dong in Seoul, affected by the acceleration of similar projects in key locations along the Han River, such as Apgujeong and Yeou..

Korea begins free influenza vaccination program amid rising cases South Korea is on high alert as the number of influenza cases is on a surge particularly among children and teenagers. According to the Korea Disease Control and Prevention Agency on Friday, there we..

Company’s ESG score to become more important than financial performance Moving forward, companies with solutions for social and environmental issues will be highly regarded as investment targets, more so than those in good financial health, according to the chief executiv..

Korea’s National Assembly passes arrest motion against DP leader South Korea’s National Assembly on Thursday passed a motion to arrest Lee Jae-myung, leader of the main opposition Democratic Party, after an unexpected number of the controlling party members voted f..

Busan should serve as ESG hub to attract businesses: Maekyung Vice Chairman Busan, located in the southeast part of South Korea, should focus on becoming the global center for environmental, social, and governance (ESG), which has emerged as a major issue among businesses, ac..

Yoon calls for global digital rules in New York University speech South Korean President Yoon Suk Yeol called Thursday for establishing a universal digital order during his speech at New York University on the sidelines of his visit to the United States, where he un..

Korea’s ex-president’s remarks on economy raise controversy The South Korean government under President Yoon Suk Yeol faces a clash with the former administration led by Moon Jae-in over economic performance, spurring public confusion. The controversy began w..

Digital, bio technologies emerge as solution to narrowing regional medical gap Digital and bio healthcare technologies can give rural citizens more access to medical services, according to experts. The Community Health Innovation Center at Seoul National University’s Medical Sc..

Yoon proposes creation of global alliance to expand carbon free energy South Korean President Yoon Suk Yeol on Wednesday proposed the idea of creating a Carbon Free Alliance, an open platform designed to facilitate widespread use of carbon free energy, in his keynote spe..

Yoon calls on Czech Republic to engage Korean companies in nuclear power plant South Korean President Yoon Suk Yeol kicked off his trip to New York to attend the 78th the UN General Assembly with a series of bilateral talks focused on strengthening economic cooperation. Yoon ha..

Celltrion enters phase 1 trial for oral formulation of autoimmune therapy South Korea’s Celltrion is extending its reach beyond the realm of biosimilars to become a biopharmaceutical company that encompasses novel drug discovery and development. The company is engaged in o..

Samsung Group celebrates 30th anniversary of its guide dog school project Samsung Group marked a significant milestone on Tuesday as it celebrated the 30th anniversary of Samsung Fire & Marine Insurance Guide Dog School, an institution founded by its late Chairman Lee Kun-h..

Hyundai Motor to allocate 30% of workforce with young employees South Korean auto giant Hyundai Motor Co. has decided to fill 30 percent of the workforce at its new local plant being built for the first time in 29 years with young employees in their 20s and 30s. T..

Former UN chief Ban Ki-moon strongly condemns Putin Amid growing concerns about potential military and technology cooperation between North Korea and Russia, former United Nations Secretary-General Ban Ki-moon expressed strong condemnation towards the ..

More Koreans choose convenience food, overseas travel for Chuseok holiday Ahead of the longest Chuseok, or harvest holiday, in South Korea’s history, there are noticeable changes in consumer behavior compared to previous years. Many people are opting for convenience food in..

Small business owners deal with more disruptive customers Small business owners in South Korea are facing challenges as they grapple with customers displaying disruptive behaviors during their business operations. A recent incident sheds light on the frequen..

Men, women experience countering divorce reactions: Poll A recent poll suggests that men and women experience different reactions from their friends and relatives in terms of how they appear when they go through divorce. Matchmaking services provider Bien ..

Korea’s household debt continues to rise despite regulatory efforts South Korea’s financial authorities and banking sector have been implementing various measures to curb the upward trajectory of household debt, but there are no signs of a slowdown yet. In just two we..

Prosecutors request arrest warrant for DP leader South Korean prosecutors sought an arrest warrant for Lee Jae-myung, leader of the main opposition Democratic Party, on Monday, on charges of breach of trust and bribery related to a land development ..

Korean gov’t misses 70% target of basic senior pension recipients The South Korean government missed its target of providing 70 percent of the 70 percent income bracket with basic state pension payments last year, raising the need for a reform in the overall pension..

Korean railway workers warn 2nd strike after 1st one ends The Korean Railway Workers’ Union (KRWU) ended its first general strike in four years on Monday, normalizing train operations, but it warned of a second strike if its demands are not met. As of 9 a.m..

Checks and balances keep Korean organizations, gov’t healthy There was a recent article saying that many of the examiners for Korea’s national college entrance exam are from a specific university, making it difficult to catch errors in the questions as it can b..

Gov’t must work with international community to stop Pyongyang-Moscow arms deal North Korea’s leader Kim Jong Un arrived in Russia on his train for a rare summit with Russian President Vladimir Putin to discuss a possible bilateral cooperation on arms deals at Russia’s Vostochny ..

WKF proposes “Technium Alliance” for sustainable innovation In the ongoing war for technological supremacy between the United States and China, there is a saying that holds true: To determine the ultimate victor, all you need to do is examine ASML, the semicon..

Infrastructure recovery is a must ahead of 2 mn Chinese tourist influx On Monday, the South Korean government announced its goal of attracting 2 million Chinese tourists this year in a bid to boost the domestic gross domestic product (GDP) growth rate by 0.16 percentage ..

Editorial: IMF’s downward revision for Korean economy is a wake-up call South Korea’s second-quarter economic growth rate turned out to be better than expected. While it is heartening to see signs of recovery, it is too early to be at ease as international financial insti..

Editorial: Korea’s major labor group must end strike disrupting medical services The Korean Confederation of Trade Unions (KCTU), South Korea’s major labor group, has launched a strike at the expense of public health. The strike by 40,000 nurses and nursing assistants affiliated ..

Seoul should work on bolstering global competitiveness Marking the first anniversary of taking office on Monday, Seoul Major Oh Se-hoon vowed to raise the city’s competitiveness by making it more attractive based on the key philosophy of accompanying the ..

Editorial: Korean government’s pressure to lower prices is market intervention The South Korean government has pressured flour manufacturers to lower prices, following the same move on ramyeon, or instant noodle makers. The Ministry of Agriculture, Food and Rural Affairs on Mon..

Editorial: Labor community should listen to the cries of small business owners South Korea’s two largest labor unions, the Federation of Korean Trade Unions (FKTU) and the Confederation of Korean Trade Unions (KCTU), are demanding a 27 percent increase in the minimum hourly wage..

Editorial: Korea’s opposition party irresponsibly incites sea salt hoarding Sea salt has seen a three- to four-fold increase in prices in the past two months on cornering and hoarding among consumers in South Korea, and it is even out of stock at some stores. Concerns rise as..

Editorial: Lee Jae-myung’s lame excuse after humiliating diplomacy criticism China’s diplomatic rudeness that goes beyond its limits day after day must be addressed. It is unacceptable that Chinese Ambassador to South Korea Xing Haiming, a mere director-level official, intimid..

Reward for patriotism and the miracle of 100 Korean won I recently visited the U.S. to meet with the director of the Federal Bureau of Investigation to discuss comprehensive security cooperation, including action plans against cybercrime and terrorist thre..

Editorial: Seoul-Jakarta ties can enhance supply chain, national security The Maekyung Indonesia Forum, organized by the Maeil Business Newspaper, took place in Jakarta earlier this week and the two-day conference served as a stepping stone in the bilateral relationship bet..

Editorial: Japan should step up efforts for global supply chain cooperation Japanese Prime Minister Fumio Kishida that visited Seoul for two days is known to have said that it would help if the “businesses take the initiative in fostering cooperation between South Korea and J..

Editorial: New Korea-U.S. technology dialogue should address chips, EV rules South Korean President Yoon Suk Yeol and U.S. President Joe Biden agreed to launch a Next Generation Critical and Emerging Technologies Dialogue during their summit in Washington on Wednesday, local t..

Editorial: Korean-style nuclear sharing with U.S. needed to deter North’s action South Korea’s President Yoon Suk Yeol and U.S. President Joe Biden will reportedly adopt a separate special document on strengthening U.S. extended deterrence commitment to South Korea during their su..

K-pop girl group Blackpink wraps up year-long tour back in Seoul K-pop girl group Blackpink wrapped up their successful “BORN PINK” world tour with a grand finale in Seoul, holding a concert at Gocheok Sky Dome from September 16 to 17 amid uncertainties surrounding..

BTS’s Suga to begin military duty this week Suga, a member of the South Korean boy band BTS, will begin his military service on Friday, joining two other members Jin and J-Hope that were enlisted earlier, according to his entertainment agency. ..

Boy band RIIZE signs with major U.S. label RCA pre-debut K-pop boy band RIIZE is readying its debut by signing a record contract with one of the largest U.S. music labels, New York-based RCA Records, in a move that showcases K-pop’s growing prominence and i..

Frieze art fair opens in Seoul, draws over 20,000 global VIP collectors Frieze Seoul, one of the world’s top three art fairs, opened at COEX in southern Seoul on Wednesday in conjunction with the annual Kiaf Seoul, the largest art market in Asia, drawing more than 20,000 ..

World-renowned orchestras enchant classical music fans in Seoul this fall A slew of international orchestras are set to perform in Seoul this fall, highlighting the growing prominence of the South Korean classical music industry. The Berlin Philharmonic will collaborate wi..

Korea’s CJ ENM seeks to become global IP powerhouse South Korea’s media and entertainment giant CJ ENM Co. will strive to swing back to an operating profit with its intellectual property (IP) in all areas, including music, over-the-top media services, ..

K-pop stars unite for Plant Our Planet concert to combat climate crisis In response to the urgent global climate crisis, a concert featuring top K-pop stars will take center stage for the Plant Our Planet (POP) Campaign, which focuses on reforestation as a robust solution..

Korean defender Kim Min-jae joins Bayern Munich in Germany Bayern Munich has completed the signing of South Korean defender Kim Min-jae from Italian champion Napoli for a reported fee of 50 million euros ($56 million). The German football record champion off..

K-pop album exports hit all-time high in H1 Exports of South Korean albums reached a new high in the first half of this year as K-pop fandom culture continues to spread around the world. According to the Korea Customs Service’s import and expo..

Asia’s largest street art fair opens in Seoul Urban Break 2023, Asia’s largest young and hip urban-street art festival, kicked off on Thursday at Coex in Southern Seoul, drawing a multitude of visitors, especially among the younger population. M..

Korean attacking midfielder Lee Kang-in signs for Paris Saint-Germain South Korean attacking midfielder Lee Kang-in has completed his transfer to Paris Saint-Germain (PSG) under a contract until 2028, the Paris-based club announced Sunday. Lee, who will begin a new cha..

Kakao Entertainment to unveil its own AI-based brand Helix: CTO Kakao Entertainment Co, a content unit of South Korea’s platform giant Kakao Corp, will introduce its own artificial intelligence (AI) label Helix for the first time in the industry as it strives to e..

SK bioscience inks to build vaccine infrastructure with Thai state pharma South Korea’s SK bioscience Co. announced on Wednesday that it has entered into a memorandum of understanding (MOU) with Government Pharmaceutical Organization (GPO), Thailand’s state-owned pharmaceut..

Lunit eyes Middle East healthcare market via Saudi virtual hospital project South Korea’s medical AI company Lunit Inc. announced on Wednesday its participation in Saudi Arabia’s ambitious national project Vision 2030, specifically sharing its expertise for the SEHA Virtual H..

Starbucks to launch merchandise with BLACKPINK Starbucks Corp., the world’s largest coffeehouse chain, will collaborate with K-pop girl group BLACKPINK to launch tumblers, keyrings, and other merchandise in a move to lure more customers based on t..

Korean select shops emerge as incubators of foreign fashion brands Global fashion brands are increasingly seeking to introduce their items at select shops in South Korea, suggesting that the country has become a test bed for worldwide growth. Ulla Johnson, a contemp..

Korea’s HK inno.N steps up to take No.1 position in infusion therapy market South Korea’s HK inno.N Corp., a latecomer in the domestic infusion therapy market, will accelerate its efforts for market penetration with the goal of achieving the largest sales of infusion products..

Urban Break 2023 art fair in Seoul to display KAWS collection, over 110 artworks Urban Break 2023, Asia’s largest urban culture art festival, will kick off at Convention and Exhibition Center (COEX) in Samseong-dong, southern Seoul, on July 13, featuring the works of globally reno..

BTS celebrates 10th anniversary with firework show in Seoul K-pop sensation BTS lighted the Seoul night sky with fireworks show on Saturday night, commemorating their 10th debut anniversary at the riverside park in Yeouido in collaboration with their label, Bi..

Global cities light up in purple as BTS celebrates 10-year debut anniversary K-pop darling BTS that celebrates the 10-year debut anniversary on Tuesday has brought seismic changes to the local entertainment scene, generating more than 6 trillion won ($4.7 billion) in annual ec..