GC Biopharma begins operating new Hwasun mRNA vaccine plant GC Biopharma Corp. announced on Thursday that it is set to begin operating its messenger ribonucleic acid (mRNA) production facility located in Hwasun, Jeonnam Province, South Korea. The newly comple..

EcoPro Group delays hiring plans amid slow demand South Korea’s EcoPro Group has postponed its second-half recruitment plans for its Pohang site to the first half of next year amid a sharp decline in customer demand. According to sources on Thursday..

Celltrion to launch SC infliximab biosimilar in U.S. Celltrion Healthcare announced on Thursday that it would bring Zymfentra (infliximab-dyyb), the world’s first and only subcutaneous infliximab product, to the U.S. market in February 2024 through its ..

Shilla Duty Free to sell Royal Salute limited edition at Incheon Airport South Korea’s Shilla Duty Free Shop announced Friday that it will sell a limited edition of prestige whisky brand Royal Salute, “Royal Salute 21-Year-Old Richard Quinn Edition 2,” at Incheon Internati..

KOWEPO, Hanwha collaborate for eco-friendly, carbon-free power Korea Western Power Co. (KOWEPO) will collaborate with Hanwha Power Systems Co. to develop eco-friendly, carbon-free power generation technology, according to the South Korean public power company on ..

SK Group to carry out annual executive reshuffle next week South Korea’s SK Group will carry out an annual executive reshuffle as early as December 7, which will include vice chairmen positions. The conglomerate is expected to bring more top-level changes tha..

Experts call for enhanced ESG data management, disclosure reform South Korean experts in the field of environmental, social, and governance (ESG) urged local businesses to prepare for global ESG disclosure standards and internalize ESG in their management for susta..

D.Camp hosts 2023 All-Star League, POSCORE wins D.Day The startup festival “2023 All-Star League” was held at FRONT1 in Mapo, Seoul on Wednesday, with POSCORE Co., a steel lamination unit under South Korean steel giant POSCO Group, winning the monthly st..

See-through home appliances gain traction in Korea Products catering to the growing demand from consumers who want a clear view of the inner workings are gaining traction in South Korea’s home appliance and lifestyle goods market. According to source..

Samsung Group’s financial units to undergo top leadership reshuffle Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co., the two major financial units under South Korea’s Samsung Group, are expected to replace their chief executive officers on Friday. ..

Nine out of 10 Koreans live in Coupang delivery zones: Survey Nine out of 10 South Koreans live in so-called “Coupang Zones,” where they can place an order on the country’s largest e-commerce platform Coupang and receive it the next day, a survey showed on Thurs..

Hanwha Systems begins developing space internet for Korean military Hanwha Systems has embarked on the task of integrating the tactical networks of South Korea’s Army, Navy and Air Force with a commercial low-orbit satellite communication system. On Wednesday, Hanwha..

Dongkuk CM develops eco-friendly color steel sheets using recycled plastics Dongkuk CM Co. Ltd., the cold-rolled steel business unit under Dongkuk Steel Group, has developed a groundbreaking technology to manufacture electric furnace hot-rolled color steel sheet with recycled..

Hyundai Electric to build power distribution equipment plant in Cheongju South Korea’s HD Hyundai Electric Co. Ltd. is set to build a new distribution equipment factory in Cheongju, Chungbuk Province to bolster its key business lines. The distribution equipment, essential..

Korea approves emergency use of updated Novavax Covid-19 vaccine An updated Covid-19 vaccine developed by the U.S. biotechnology firm Novavax Inc. that has been approved in the United States and Europe will be available in South Korea following an authorization fro..

LS MnM invests $900 mn in Saemangeum battery material plant South Korea’s LS MnM Inc. will invest 1.16 trillion won ($897 million) to build a new secondary battery material plant in Saemangeum on the country’s southwest coast. The company signed a memorandum ..

POSCO Group completes lithium hydroxide, electrical steel plants South Korean steel giant POSCO Group is beefing up its steel division and secondary battery materials business to solidify its core material portfolio for the eco-friendly mobility business. The compa..

Apple, Goldman Sachs to end credit card partnership U.S. tech giant Apple Inc. is expected to face a setback in its efforts to expand into the financial world, as its partnership with Goldman Sachs is set to end next year. The two companies had garner..

Air Premia rakes in quarterly profit for first time since founding Air Premia posted an operating profit of 21.7 billion won ($16.8 million) over sales of 129.6 billion won in the third quarter of 2023, the South Korean budget carrier said on Thursday. The company ac..

Korea’s third-quarter birth rate drops below 60,000 The number of births in South Korea in the third quarter of 2023 fell to the 50,000 range, falling below the 60,000 marks for the first time since statistics were compiled. The total fertility rate al..

Naver gives search engine an AI boost Naver Corp. announced on Friday that it has implemented CUE:, its specialized AI-powered search service whose beta format was launched in September 2023, into its namesake search engine. Users can no..

Google DeepMind discovers new materials via deep learning DeepMind, the artificial intelligence (AI) development company under Google LLC’s Alphabet Inc., announced on Wednesday local time that it identified more than 2.2 million crystals that could revoluti..

Multi-modal AI gains global traction as technology advances Artificial intelligence (AI) technology is evolving beyond simple text processing to handle various forms of data, including voice, images, and videos, through the advancement of multi-modal capabilit..

Amazon Web Services joins multi-model AI market Amazon Web Services Inc. (AWS), the world’s largest provider of cloud services, is entering the generative artificial intelligence (AI)-based multi-modal large language model (LLM) market, a move that..

Hanwha Ocean inks deal to bolster submarine stealth in new research Hanwha Ocean announced on Wednesday it recently signed a definitive contract with the Korea Research Institute for Defense Technology Planning and Advancement (KRIT) to conduct research on technologie..

ABLY reports significant increase in alternative album transactions South Korea’s style commerce platform ABLY on Wednesday announced a significant increase in transactions related to ‘alternative albums,’ which are gaining attention as the next-generation music consu..

AWS announces new three serverless offerings to kick off re:Invent Amazon Web Services, Inc. (AWS), the world’s largest provider of cloud computing platforms, announced new serverless innovations that will enable users to analyze and manage unlimited data. The option..

Gov’t to exempt preliminary feasibility studies for innovative R&D projects The South Korean government plans to exempt preliminary feasibility studies for challenging research and development (R&D) projects and minimize backlash even if these projects are unable to meet thei..

MK CES Forum to take place on sidelines of CES 2024 in January 2024 South Korea’s Maekyung Media Group will host its MK CES Forum 2024 in Las Vegas, the United States, in January 2024. The forum will take place on the sidelines of the Consumer Electronics Show (CES), ..

Korea should redesign computer network system based on cloud: Experts In response to the recent consecutive disruptions in the administrative network in South Korea, information technology (IT) industry insiders noted that there is a fundamental problem with the nationa..

Researchers find brain mechanism behind satiety Researchers from the United States and South Korea have pinpointed the mechanism in brain cells that triggers a feeling of fullness. Their findings, published in the journal Nature, shed light on how..

DAUM updates news search defaults prioritizing content partners DAUM, the portal site operated by Kakao Corporation, has implemented a significant change in its news search setting, shifting the default for news search results from ‘All Media’ to ‘Content Partner ..

Colorverse down, Zepeto survives in Korean metaverse dynamics shift As the metaverse fervor starts to fade, South Korean metaverse platform company Colorverse Inc. has reportedly initiated the closure of its business, terminating one of its representative metaverse se..

Korea, U.K. expand ties in advanced bio sector South Korea and the United Kingdom are expanding their collaboration in the field of advanced bioscience, including the establishment of a joint research center in synthetic biology. The Ministry of ..

New mobile app to offer identity verification service Small business owners will be able to easily verify the age of their customers with a new mobile application. South Korean telecom majors SK telecom Co., KT Corp., and LG Uplus Corp. announced Wednes..

Google proposes classification method for artificial general intelligence Google LLC has proposed the world’s first classification method for artificial general intelligence (AGI), which comes at a time when OpenAI is starting to see a collision over AI’s safety and service..

Korea to foray into global nuclear fuel market with plate-type fuel innovation South Korea is set to advance into global research nuclear reactor fuel markets with its homegrown plate-type fuel technology. The Korea Atomic Energy Research Institute (KAERI) said Monday that it r..

Mobile carriers quicken the pace to build AI chip infrastructure SAPEON Korea Inc., an artificial intelligence (AI) semiconductor subsidiary of South Korean mobile carrier SK Telecom Co, unveiled its new AI chip model X330 on Thursday, fueling the competition for A..

Samsung Electronics takes the lead in on-device AI Samsung Electronics Co., the world’s largest memory chip maker, is set to launch a series of new memory chip products for the rapidly growing artificial intelligence (AI) market. The South Korean com..

Naver stops controversial comment feature ahead of general elections In response to the mounting controversy surrounding its reply in comments feature for news articles, Naver Corp. has halted the service just five days after its launch. On Monday, Naver announced the..

Battery stocks remain undervalued: Influencers Investors were advised to keep an eye on battery material stocks, particularly electrolyte-related ones, by Sun Dae-in, economist and head of SDInomics, at the Seoul Money Show Plus 2023 on Thursday. ..

AI, robotics stocks rise as Samsung plans future business Stocks of emerging industries such as artificial intelligence (AI), robotics, and autonomous vehicles are gaining ground following the announcement by South Korea’s Samsung Group on Monday to establis..

CS Wind stock gains after Biden’s visit to Colorado factory Shares of South Korean wind tower manufacturer CS Wind Corp. gained on Thursday morning following the U.S. President Joe Biden’s visit to its factory in Pueblo, Colorado. Shares of CS Wind were tradi..

Securities industry expected to be strong in first half of next year: report The securities industry in South Korea is anticipated to exhibit robust performance in the first half of next year, buoyed by the expected rise in exports and stock market gains, as outlined in a repo..

LS Cable & System Asia stock gains on business expansion plan Shares of South Korea’s LS Cable & System Asia Ltd. gained Tuesday following the company’s announcement of a business expansion plan to engage in submarine cables and rare earth elements. Shares of L..

Harim-JKL consortium, Dongwon compete to acquire HMM Dongwon Group and a Harim Group-JKL consortium are poised to battle it out for South Korea’s largest container shipping line, HMM. The two groups were short-listed as final candidates after fellow con..

Grim outlook for HMM bidding round as sale price increases The price tag on the stake sales of South Korea’s logistics and shipping company HMM Co. is set to rise to 6 to 7 trillion won ($4.65 billion to $5.37 billion), raising possibilities that the main bid..

Dong In Entech shares fall below offering price on first trading day Shares of South Korean outdoor backpack manufacturer Dong In Entech Co. are receiving lukewarm response on their Kospi debut day on Tuesday. The shares were trading at 29,850 won ($23) as of 10:07 a...

Stormtec jumps almost 80% on listing day on Kosdaq South Korea’s Stormtec Co., a home appliance parts stock that was listed on the secondary Kosdaq market on Monday, saw its stock price surge almost 80 percent from its initial public offering (IPO) pr..

Q4 forecasts for Korea Inc. signal positivity The performance outlook for major South Korean companies in the fourth quarter suggests a faster-than-expected recovery, primarily led by an anticipated rebound in key industries such as semiconductor..

Listed companies’ Q4 operating profit forecast to increase 2.6 times on-year Amid growing expectations for an economic recovery in South Korea, corporate earnings are expected to improve significantly from the fourth quarter of 2023 onwards. According to market data tracker F..

S. Korean oil stocks slide amid global oil price plunge; airlines gain South Korean oil stocks witnessed a decline in the Friday morning session, following a substantial drop of nearly 5 percent in global oil prices. However, airline stocks saw an upward surge on expecta..

EcoPro Materials surges over 30% in debut trading day EcoPro Materials Co., a unit of South Korea’s leading electric vehicle battery materials provider, EcoPro Group, witnessed a surge of more than 30 percent during its debut on the country’s stock marke..

Yoon urges fundamental short selling reforms following temporary ban South Korean President Yoon Suk Yeol called for fundamental measures to improve short selling, putting pressure on financial authorities and lawmakers from the ruling party to come up with related leg..

GS Retail sees 159% boost in quick commerce sales GS Retail Co. reported a 159 percent increase in sales for its convenience store chain, GS25, and supermarket chain, GS The Fresh, compared to 2022, according to the company’s announcement on Wednesda..

KEPCO raises $1.5 bn in Q3 profit on cost-cutting efforts State utility Korea Electric Power Corp., which had been under debt pressure, reported nearly 2 trillion won ($1.5 billion) in operating profit in the third quarter, thanks to a series of electricity ..

Samsung, Meritz non-life insurers achieve record Q3 earnings South Korean non-life insurance providers Samsung Fire & Marine Insurance Co. and Meritz Fire & Marine Insurance Co. on Monday posted record earnings for the third quarter despite the unfavorable busi..

Korean crypto stocks on upward trend as Bitcoin, Ether prices soar With the recent surge in the prices of digital assets such as Bitcoin and Ethereum, those of related stocks were also on the rise in the South Korean stock market on Friday. On the secondary Kosdaq m..

Korean stocks surge after short selling ban South Korean stocks soared Monday, after the financial authority banned short selling transactions until the end of June 2024, triggering foreign investors to buy secondary battery-related stocks, lea..

Korea bans stock short selling until June 2024 South Korea is banning short-selling transactions from Monday until the first half of next year, re-imposing the suspension in less than three years after it entirely prohibited the activity in March ..

Korean Cabinet approves motion to urge presidential veto on contentious bills The South Korean Cabinet proposed Friday that President Yoon Suk Yeol exercise his veto power over the amendments to the labor union and public broadcasting laws that were unilaterally passed by the o..

SK Group chairman proposes Korea, Japan led economic alliance SK Group Chairman Chey Tae-won proposed an Asian economic community similar to the European Union (EU), with South Korea and Japan taking the lead. Speaking at the Tokyo Forum 2023 on Thursday at the..

Yoon appoints new senior secretaries in 3rd year in office South Korean President Yoon Suk Yeol is set to nominate individuals to serve key economic roles, including the Minister of Economy and Finance, as he enters his third year in office. On Thursday, the..

Korea logs November trade surplus as chip exports rebound South Korea recorded a second consecutive month of trade surpluses in November 2023 as outbound semiconductor sales increased, according to the latest data by the Ministry of Trade, Industry and Energ..

Korea overhauls gift tax, doubles coverage for business succession South Korea is set to expand the low-rate gift tax coverage for business succession, increasing the property value subject to the 10 percent taxation rate to 12 billion won ($928 million), up from the..

Global market bets on U.S. Fed slashing interest rates in first half of 2024 The U.S. dollar fell to its lowest level in more than four months and the price of gold rose to a six-month high on Monday, buoyed by investor suspicion that the U.S. Federal Reserve will cut interest..

Antitrust watchdog addresses luxury brands’ unfair resale terms As the resale market grows rapidly in South Korea amid a growing preference for luxury items, particularly among Millennials and Generation Z consumers, the Korean government took steps to address unf..

Kookmin Emigration, Crimson Education to hold immigration seminar Kookmin Emigration Corp. and Crimson Education will hold a seminar in December for overseas Koreans and their children to study and obtain permanent residency in the United States. The seminar, which..

Saudi Arabia’s win to host 2030 World Expo raises questions about strategy Saudi Arabia’s win to host the 2030 World Expo after beating Busan in South Korea and Rome in Italy is raising questions about the fairness of its strategies. Roberto Gualtieri, mayor of Rome, which ..

No. of comprehensive real estate taxpayers down for first time in 10 years The number of comprehensive real estate tax payers in South Korea for residential properties this year has gone down by 66 percent from last year, marking the first decline in 10 years. According to ..

OECD raises Korea’s 2024 growth rate to 2.3% The Organization for Economic Cooperation and Development (OECD) predicted on Wednesday that the South Korean economy would grow by 2.3 percent in 2024. The figure is an increase of 0.2 percentage poi..

BOK holds key rate for 7th consecutive time South Korea’s central bank kept its policy rate unchanged for a seventh consecutive time at 3.5 percent amid downbeat prospects for economic growth in 2024 as well as mounting risks of defaults among ..

H-Index ELS sales spark concerns amid regulatory fallout As concerns about the potential scale of losses from equity-linked securities (ELS) tied to Hong Kong’s Hang Seng China Enterprises Index (HSCEI) grow, KB Kookmin Bank is a major South Korean bank exp..

Korea to expand tax benefits for ship fund investments, shipbuilding The South Korean government is mulling the expansion of tax benefits for individual ship fund investors with a lower dividend tax rate to revive the sluggish shipping industry. The move aims to increa..

Korea loses Expo bid but extends economic territory globally South Korea’s bid to host the World Expo 2030 came to close on Tuesday after a 509-day campaign. A total of 165 countries cast their votes with no abstentions, with Saudi Arabia getting 119 votes, Kor..

Korea to teach entrepreneurship as a separate subject in high schools from 2025 The South Korean government will teach entrepreneurship as a separate subject to first-year high school students from 2025, allowing them to receive hands-on training on entrepreneurship and broader e..

Overseas Koreans to receive remote consultations The South Korean government is prioritizing remote medical treatment for overseas Koreans, as it plans an amendment to the Medical Service Act allowing overseas Koreans to receive remote consultations..

Gov’t, parliament disagree on attracting foreign workers The South Korean government has decided to expand the country’s foreign employment permit quota for 2024 to a record 165,000, in a bid to alleviate the chronic labor shortage across all industries in ..

Incheon Airport expects record number of summer flights in 2024 Incheon International Airport Corp. (IIAC) announced on Monday that the number of flights at the airport during the summer season (late March to late October) in 2024 is expected to be the highest eve..

Japan to back Busan’s bid to host World Expo 2030 South Korea’s final push to secure the hosting rights for the 2030 World Expo in Busan has gained momentum, receiving tacit support from Japan. The Japanese government has reportedly affirmed its plan..

Shinhan Financial Group to launch Shinhan Super SOL South Korea’s Shinhan Financial Group Co. said on Thursday that it will launch ‘Shinhan Super SOL,’ a digital app consolidating the core features of the group’s various financial services, on December..

Koreans only have an average of 34 years of income surplus South Korean people’s personal finances show a surplus from the age of 27 before transitioning to a ‘life in deficit’ at the age of 61, where income is less than consumption, data showed on Tuesday. G..

Novel stem cell therapy shows promise for Type 1 diabetes patients An experimental stem cell therapy for Type 1 diabetes proved its efficacy in an initial clinical trial, according to the latest study. Type 1 diabetes occurs when the immune system, the body’s system..

FSS to expand financial outreach program for children South Korea’s financial watchdog Financial Supervisory Service (FSS) will expand its outreach program that offers children’s financial education nationwide starting next year. The program provides cl..

Busan unites as countdown to 2030 World Expo host decision begins On Tuesday, the day when the host city for the 2030 World Expo will finally be announced, Busan, South Korea, is expected to be filled with excitement. Over 1,000 citizens will gather at the Busan Cit..

Korea to boost autonomous corporate rehabilitation As the economic downturn in South Korea has led to a surge in the number of small and medium-sized businesses filing for bankruptcy and rehabilitation, the country’s courts have significantly strength..

Long-term use of ADHD medication increases risk of cardiovascular disease Long-term use of medications for attention deficit hyperactivity disorder (ADHD) could increase the risk of cardiovascular diseases, according to a new study. ADHD is a mental disorder whose symptoms..

Korea’s public medical institutions face shortage of 2,427 doctors South Korean public healthcare institutions face a shortage of 2,427 doctors, an analysis showed Thursday. According to Representative Jung Choun-sook of the Democratic Party, who is a member of the ..

School meal robots debut in Seoul’s middle school Automation is changing school cafeterias in Seoul by addressing labor shortages and improving worker health. On Wednesday, the Seoul Metropolitan Office of Education introduced Korea’s first school m..

Korea’s 3 mobile carriers launch PASS mobile ID verification service Users of South Korean mobile services can now to have their identity verified with a mobile identification (ID) using quick response (QR) code in local ID authentication app PASS. Korea’s three mobil..

Cooperation in value chain, regulations a must to cope with future pandemics A global universal regulatory framework and sustained investment are deemed essential to address potential challenges arising from “next pandemic,” according to global health experts. During the Worl..

Korea’s female employment rate hits all-time high at 61.9% in October South Korea’s female employment rate hit the highest level in October as more women returned to the workforce after the end of the pandemic and the government’s work-life balance policy started to pay..

Civil services resume after network system recovers in Korea South Korean public agencies resumed administrative services on Monday following the restoration of the government’s administrative computer network system, which was inaccessible last week. On Monda..

Goyang city, National Cancer Center to build bio-medical hub The city of Goyang in Gyeonggi Province has partnered with the National Cancer Center to build a biomedical complex in the city under the national strategic industries initiative. According to the ci..

Korea mulls expanding work visa issuance to tackle labor shortage The South Korean government is expected to expand the issuance of F-2-R visa, a special visa that allows foreigners to work in areas of decreasing population, after a year of temporary implementation...

Splitting orders blamed for repeated national computer network failures South Korea, reputed to be a digital powerhouse, suffered a two-day outage of its public computer network. This is the third time in the year to date that a state agency’s computers network has failed..

ADHD patient numbers top 100,000 but foreign pharmaceuticals dominate Foreign pharmaceutical companies continue to dominate the market while the number of patients with attention deficit hyperactivity disorder (ADHD) increases rapidly. Some South Korean companies, such ..

Korea could see 3.41 mn jobs replaced by AI technology: BOK analysis South Korea could see about 3.41 million domestic jobs replaced by artificial intelligence (AI) as the technology continues to spread across industry sectors, according to an analysis by the Bank of K..

Yoon calls for stronger interconnectivity, supply resilience at APEC CEO Summit South Korean President Yoon Suk Yeol called for stronger interconnectivity among Asia-Pacific Economic Cooperation (APEC) member states to promote global economic recovery and sustainable growth in hi..

Koreans spent more than 100 bn minutes on YouTube in October: Survey South Koreans spent more than 100 billion minutes on YouTube in October, a survey showed Wednesday. According to a sample survey of Korean smartphone users conducted by mobile app analytics service W..

Korea should minimize administrative vacuum amid reshuffle South Korea’s presidential office has replaced all of its senior secretaries and is expected to carry out a large-scale Cabinet reshuffle. The move comes after top staff left to run for the general el..

Altman’s return heralds race to commercialize AI Five days after being ousted as chief executive officer of ChatGPT developer OpenAI, Sam Altman has returned to the CEO position after the company’s board members forced him out. These individuals wer..

Still a long way to go after maiden college exam sans “killer questions” South Korea’s national college entrance exam, also known as Suneung, took place on Thursday without any so-called “killer questions,” as part of the government’s effort to reduce reliance on private c..

Korean business leaders unite for the 2030 World Expo Bid in Busan Chief and senior executives from South Korean companies have been working in unison to boost the city of Busan’s bid to host the 2030 World Expo, increasing the number of their overseas business trips..

South Korea should seize the moment amid Saudi Arabia’s sportswashing attempts In the world of international sports and diplomacy, Saudi Arabia‘s bid to host the 2034 FIFA World Cup, one of sport’s grandest spectacles, has reignited the debate surrounding “sportswashing.” The te..

Gov’t, science community should work together to boost R&D investment efficiency South Korean President Yoon Suk Yeol recently vowed to spend national research and development (R&D) funds on fostering the country’s capabilities in cutting-edge technology. He also signaled possible..

No room for complacency in Korea’s Q3 growth South Korea’s economy grew by 0.6 percent in the third quarter of 2023, its third consecutive period of expansion. If the economy grows by 0.7 percent in the fourth quarter, the country will be able t..

Intellectuals are the frontline soldiers against disinformation We live in an era of disinformation in which fake news and false rumors are prevalent. Disinformation feeds on many events, including Russia’s invasion of Ukraine and the ongoing Israel-Hamas war rece..

Working seniors redefine post-retirement life My mother-in-law, who entered her 70s several years ago, has been working as an instructor for a mobile education program for the elderly at a senior center for four to five years now. As a young girl..

LG Energy Solution partners with Toyota amid opportunities and risks ahead South Korean battery giant LG Energy Solution Ltd. achieved an industrial breakthrough by reaching a supply agreement with Toyota Motor Corp. on Thursday. The deal is important in that the world-class..

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..

Mirae Asset issues buy recommendation for K-entertainment South Korea’s Mirae Asset Securities Co. on Tuesday issued a buy recommendation on the Korean entertainment industry, asserting that its global expansion will accelerate from 2024. “2024 is the true ..

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..