The escalating geopolitical tension between Russia and Ukraine is drawing attention to whether Washington will pose restrictions on exports to Russia, and the headache that could pose to South Korean electronics giants. The White House National Security Council has informally asked the Semiconductor Industry Association, a chip lobbying group in the United States, to brace for possible actions a...

A court on Friday allowed a YouTube-based media outlet to broadcast most of its recordings of phone conversations between one of its staffers and the wife of main opposition presidential candidate Yoon Suk-yeol. In an injunction suit launched by Kim Keon-hee, Yoon's wife, the Seoul Southern District Court allowed Voice of Seoul to disclose the recordings, except for parts that delve into private...

Lotte Corp., the holding company of South Korean retail giant Lotte Group, said Friday it has acquired an entire stake of Ministop Korea Co. for 313.37 billion won ($263 million). Under the deal, Lotte will take over 2,600 Ministop convenience store outlets across the country and 12 logistics centers to strengthen its retail business, the company said in a statement. Lotte operates the country'...

Thousands of Buddhist monks held a rally in Seoul on Friday, demanding President Moon Jae-in apologize for what they called the government's anti-Buddhist bias after a ruling party lawmaker accused temples of collecting admission fees from visitors to national parks. The lawmaker, Rep. Jung Chung-rai of the Democratic Party, has been under a firestorm of criticism from South Korea's largest Budd...

The event is being held by Stackhouse, a company that has been organizing diverse sneaker-related offline events in Korea since 2017. GQ Korea Sneakers columnist Kim Eun-soo also took part in the event as the curator. Admission is free.

The Financial Supervisory Service is looking to scrutinize whether executives’ decision to exercise stock options that prompted a stock plunge at Kakao Pay was a sign of risk management deficiencies the financial services firm should address, according to an FSS official. The CEO and two other executives at Kakao Pay stepped down Thursday amid criticism that their exercise of stock options in De...

National Assembly Speaker Park Byeong-seug met with Sri Lankan President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa of Sri Lanka on Thursday to discuss expanding economic cooperation and minerals investment. Park made the two-day trip to Sri Lanka to celebrate the 45th anniversary of the two countries’ diplomatic relations. In the meeting with the Sri Lankan president, Park stresse...

The South Korean government will lower the age minimum for COVID-19 treatment pills from 65 to 60 to better counter the spread of the omicron variant, Prime Minister Kim Boo-kyum said Friday. Kim announced the measure during the Central Disaster and Safety Countermeasures Headquarters meeting, along with other changes that the government will bring into the country’s COVID-19 response system. “...

South Korea‘s daily COVID-19 cases stayed above 6,000 for a second consecutive day as of midnight Thursday, largely as the spread of the omicron variant picks up pace. As of midnight Thursday, the country added 6,769 new COVID-19 cases, which raised the total caseload to 719,269, the Korea Disease Control and Prevention Agency said. The country‘s daily caseload surpassed 6,000 on Wednesday for ...

Criticisms over territorial broadcaster KBS1 abusing a horse to film a scene for the 7th episode of the period drama “The King of Tears, Lee Bang-won” is continuing even after the apology statement was released on Thursday. The scene, which was aired on Jan. 1, featured Yi Seong-gye, the founder of the Joseon Kingdom accidentally falling from the horse. “We feel deeply responsible and apologize...

South Korean stocks retreated nearly 1 percent Friday, marking the lowest closing since December 2020, due to inflation woes amid heightened expectations of rate hikes by the Federal Reserve. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) declined 28.39 points, or 0.99 percent, to close at 2,834.29 points. Trading volume was moderate at about ...

What to know about new testing protocol

CHEONGJU -- A battery factory in the southern city of Cheongju caught fire Friday, leaving one person trapped inside, firefighters said. The fire broke out at the auto battery factory at around 3 p.m. in the city, 140 kilometers south of Seoul. Two people were immediately rescued, but one other is believed to be trapped inside the building, firefighting authorities said. Police initially said ...

South Korea plans to increase the supply of beef and pork by around 50 percent on-year ahead of the Lunar New Year holiday in an effort to help stabilize consumer prices, a senior government official said Friday. The government plans to increase the supply of beef and pork, key foodstuff needed to prepare for holiday meals, to 18,700 tons and 67,200 tons, respectively, according to Vice First Fi...