President Yoon Suk Yeol on Wednesday extended an apology for the South Korean port city Busan's failure to host the World Expo 2030. "I feel that we greatly missed our prediction target, which was based on what we've felt from meetings (to ask for support for Busan's bid)," Yoon said in a 10-minute speech to South Korean citizens at his office. "The blame is all on me." Yoon expressed his appreciation for the all-out efforts of those involved in Busan's bi

South Korea's industrial output fell in October on a marked decline in the production of the semiconductor sector, data showed Thursday. Retail sales and facility investment also declined last month, and it was the first time in three months that the three major indicators on industrial activities logged an on-month fall, according to Statistics Korea. Industrial production dropped 1.6 percent on-month in October following two months of gains. It was the sharpest decline since April 2020, w

Subscription rates for streaming services are rising amid already high inflation, and such price hikes are stoking a boom in Koreans' use of illegal streaming sites. Local streaming service Tving is the latest to jump on the bandwagon, raising its subscription price some 20 percent starting in December. The subscription price for Tving's basic plan -- which allows content viewing at a resolution of 720p and is limited to one viewer at a time -- will rise by 20.3 percent from 7,900 won