A 35-ton fishing vessel capsized off the coast near Gunsan, a southwestern port city in North Jeolla Province, resulting in the deaths of three people onboard, the Korea Coast Guard said Monday. The Coast Guard successfully rescued all eight people from the capsized vessel. However, three of them -- the Korean captain, the Korean chief engineer and an Indonesian sailor -- were transferred to hospitals but later pronounced dead. The remaining five survivors, which include three Vietnamese and two

The local stock market is likely to remain stuck on growth for the time being, reflecting the woes of the US economy, market analysts said. They also advised investors to build up a defensive portfolio to respond to high volatility. The local bourse has remained sluggish in recent days, coupled with concerns about the recession of the US economy. The benchmark Kospi, which closed at 2,681 points on Sept. 2, has been fluctuating at around 2,500 in recent days, marking an around 100-point drop. Fo

Having benefited heavily from the webtoon boom that surged during the height of the pandemic, South Korea has marked webtoons as a key driver for future growth. In January, the Culture Ministry announced plans to invest approximately 4 billion won ($3 million) to boost webtoon production and commercialization. Major IT players such as Naver and Kakao also embraced webtoons as a key part of their strategic vision, with Naver listing its webtoon subsidiary on Nasdaq in June. Recent data such as co