Most Popular
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Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
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Korea forecast to overtake Taiwan in chip production by 2032: report
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[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?
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YouTuber fatally stabbed on livestream by another YouTuber in Busan
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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Yoon rebuffs opposition's call for special probe into wife
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Stray Kids hit with racism in Met Gala photo line
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[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership
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Yoon apologizes for wife's 'unwise conduct'
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Seoul shares open flat ahead of US inflation data
South Korean shares opened nearly flat Thursday as investors sat on the sidelines ahead of the release of the U.S. consumer price index next week. The benchmark Korea Composite Stock Price Index edged down 1.9 points, or 0.07 percent, to 2,743.15 in the first 15 minutes of trading. Investors remained cautious ahead of the release of the U.S. inflation data amid a mixed forecast over the future course of the Federal Reserve's key rates. Federal Reserve Bank of Boston President Susan Collins
MarketMay 9, 2024
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N. Korean leader voices 'firm support' in his message to Putin over Victory Day
North Korean leader Kim Jong-un has sent a congratulatory message to Russian President Vladimir Putin over Victory Day, expressing his "firm support and solidarity" with Moscow, state media reported Thursday. Kim extended his "warm congratulations and comradely greetings" to Putin in the message celebrating the 79th anniversary of the Soviet Union's World War II victory over Nazi Germany, according to the Korean Central News Agency. Kim touted Putin as leading efforts to
North KoreaMay 9, 2024
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Yoon to hold press conference marking 2nd anniversary of presidency
President Yoon Suk Yeol is set to hold a press conference Thursday to mark the second anniversary of his presidency, the first such session in 21 months. The press conference will be held at the presidential office in two parts -- first, an address on his administration's past achievements and future plans, followed by a question and answer session with reporters. Yoon is expected to field a wide range of questions, including his thoughts on the opposition's push for a special counsel investigat
PoliticsMay 9, 2024
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[Graphic News] 90% of global citizens want to ban unrecyclable plastic
Ninety percent of global citizens say that types of plastic that are not recyclable should be banned, according to a study. The World Wildlife Fund’s latest report is based on a survey of around 25,000 people from 32 countries, asking for their opinions about unrecyclable plastic products and their negative impact on human health. In Korea, 1,000 people participated in the survey. In the survey, 87 percent of respondents are against the use of unrecyclable plastic products, and 85 percen
World NewsMay 9, 2024
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[Wang Son-taek] Problems in press freedom and democracy
The 2024 World Press Freedom Index, released recently by Reporters Without Borders, an international organization for monitoring press freedom, contains a severe warning to democracy in Korea. In the index, which reflects the media situation in 2023, South Korea ranked 62nd out of 180 countries surveyed. Korea received its worst report card since it ranked 69th in the 2009 index and 70th in the 2016 index. It was 43rd in the 2022 index, when the index methodology was changed significantly, but f
ViewpointsMay 9, 2024
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[Editorial] Negligence of duty
With about three weeks left before the 21st National Assembly closes on May 29, a significant number of lawmakers from both the ruling People Power Party and the main opposition Democratic Party of Korea have gone on overseas trips -- or plan to do so -- while failing to work on piles of pending bills. Of course, not all lawmakers of the current session are eager to travel abroad to exploit their privilege and spend taxpayer money for their own leisure. And not all trips are meaningless, as &ldq
EditorialMay 9, 2024
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Arrest warrant issued for medical student for allegedly killing girlfriend after breakup
A Seoul court on Wednesday issued an arrest warrant for a medical school student on charges of killing his girlfriend in Seoul earlier this week for allegedly breaking up with him. The 25-year-old, only identified by his surname Choi, who goes to a prestigious medical school in Seoul, was arrested without warrant on Monday for allegedly stabbing his girlfriend to death on the rooftop of a building in southern Seoul around 5 p.m. on Monday. The Seoul Central District Court issued the warrant af
Social AffairsMay 8, 2024
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SK Hynix to sell 50% stake in China foundry unit to Chinese enterprise
South Korea's SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise, according to regulatory filings and media reports. SK Hynix System IC said in a regulatory filing that it plans to sell a 21.3% stake in its foundry unit in Wuxi to China's state-owned Wuxi Industry Development Group Company for 205.4 billion won ($150.81 million). In a separate filing, SK Hynix System IC said it will also sell its intangible assets,
TechnologyMay 8, 2024
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Yoon calls opposition leader to express concern for health
President Yoon Suk Yeol called opposition leader Lee Jae-myung on Wednesday to wish him good health before Lee goes on a weeklong vacation for hospital treatment later this week, Lee's main opposition Democratic Party said. Yoon made the call at around 2:40 p.m. and expressed concern for his health, while Lee expressed his gratitude, the Democratic Party said. Lee will take a weeklong leave from Thursday to next Wednesday to get treatment, which he had postponed due to the recent general
PoliticsMay 8, 2024
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Korean Air sells five jets to US aerospace firm Sierra Nevada
Korean Air will sell five of its planes to US aerospace firm Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday. Sierra Nevada recently won a $13 billion US Air Force contract to develop a successor to the E-4B Nightwatch, known as the Doomsday plane due to its ability to survive a nuclear war and act as a command and control centre during emergencies. Sierra Nevada did not immediately respond to a request for comment. The Korean Air planes being sold are four-engined
IndustryMay 8, 2024
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Pressure mounts on Naver to shed stake in Line
Takeshi Idezawa, CEO of the Tokyo-based LY Corp., the operator of the messaging app Line, said Wednesday that the company has requested its key shareholder Naver to sell stakes in an apparent move to cut the Korean firm’s control over its management. The decision comes as Naver is under growing pressure from the Japanese government to shed its ownership in Line, the popular app the Korean firm has nurtured over the past 13 years. Currently, almost 70 percent of the Japanese population is k
IndustryMay 8, 2024
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Expert in archival, book pathology endorses 'hanji' UNESCO heritage listing
“As someone who has dedicated a lifetime to studying various types of paper for preservation and restoration, I definitely see the value in registering 'hanji' with UNESCO's heritage list, and I believe this is very important,” said Maria Letizia Sebastiani, an authoritative figure in the field of archival and book pathology. The former director of Italy’s National Institute of Historic Heritage Preservation and Restoration, known as ICPAL, conveyed this to a g
CultureMay 8, 2024
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South Korea open to Indonesian proposal to cut KF-21 payments
South Korea is leaning toward accepting the proposed cuts by Indonesia in its share of KF-21 fighter development costs, according to the government’s Defense Acquisition Program Administration on Wednesday. The DAPA said that the reduction in the Indonesian contribution to the joint project was expected to translate into less of a financial burden than speculated by the press, explaining that expenses could be cut down considerably over the process. At its onset, the project was calculated
DefenseMay 8, 2024
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Yoon’s mother-in-law to be released on parole
President Yoon Suk Yeol’s mother-in-law, who is currently serving a one-year jail sentence for forgery, will be released some two months early, said the Justice Ministry on Wednesday. Choi Eun-soon, the 77-year-old mother of first lady Kim Keon Hee, will be released 10 a.m. on May 14, a day ahead of Buddha’s birthday, considering various factors including her age, health condition and good behavior while incarcerated, according to the ministry’s nine-member Probation and Parole
Social AffairsMay 8, 2024
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S. Korea to let doctors with foreign licenses practice
The Health Ministry said Wednesday that it would allow those holding foreign medical licenses to practice medicine in South Korea to help cope with a health care crisis exacerbated by a walkout by junior doctors. The ministry said it would make revisions to the enforcement regulation of the Medical Service Act, adding “medical support” to the list of tasks that foreign medical license holders can perform to address the shortage of medical personnel in the event of a medical disaster
Social AffairsMay 8, 2024
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[Today’s K-pop] NCT Dream to drop pre-release from 2nd Japan single
NCT Dream will roll out the Japanese single “Moonlight” online on Wednesday, in advance of the full release of its second single album of the same title that is due out on June 5, according to SM Entertainment. The band will perform the pop dance tune on stage at its concert in Osaka on May 11-12, giving the audience the first look at the performance. The concert will be the beginning of the Japan leg of the tour, “The Dream Show 3: Dream Escape in Japan,” which will brin
K-popMay 8, 2024
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Minister says chip subsidy a ‘tall order’
Countries have been rolling out competitive subsidy programs to boost their edge in the critical semiconductor industry. For South Korea, it is difficult to come up with such direct support programs, but the government is working to create an environment to benefit long-term investment in the sector, Industry Minister Ahn Duk-geun said in a press briefing Tuesday. Ahn also explained that the ministry, along with other government entities will set up a public fund to support strategic industries,
IndustryMay 8, 2024
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Court confirms 10-year jail term for drug smugglers
The Gwangju High Court on Wednesday upheld a lower court ruling that sentenced two men to 10 years in prison for smuggling 12 kilograms of methamphetamine into the country. The two suspects, Malaysian nationals in their 30s and 40s, were found guilty of violating the Act on the Aggravated Punishment of Specific Crimes, particularly the section on narcotics and psychotropic drugs. "Considering the amount of smuggled drugs and severe nature of drug-related crimes, the sentence seems to be app
Social AffairsMay 8, 2024
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Man returns checks found in old clothing, then donates reward
A man found bank checks worth 50 million won ($36,600) and helped return them to their owner, then donated the reward money that the owner gave him to the local government. According to Saha-gu Office in Busan, a resident named Cha Sang-jae recently found the checks inside an old piece of clothing that he came across and reported it to the police. The checks were revealed to have belonged to the father of Wi Seong-han, who passed away two years ago. Wi, a resident of Seoul, had thrown the clothi
Social AffairsMay 8, 2024
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[K-pop’s dilemma] Time, profit pressures work against originality
With its total assets reaching over 5 trillion won ($3.7 billion) last year, K-pop giant Hybe, which launched as Big Hit Entertainment in 2005, is looking to claim “large-firm” status. In 2019, Hybe acquired its first subsidiary label, Source Music, aspiring to become a global multi-label entertainment company. Today, Hybe has 11 subsidiaries under its label division, including Big Hit Music, housing the global K-pop sensation BTS; Pledis Entertainment, housing the globally renowned
CultureMay 8, 2024