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

Despite Busan’s disappointing loss in its bid to host the 2030 World Expo, Korea's economic circle viewed its rallying efforts in the past year and a half as having "expanded the horizon" for companies with new opportunities in the global market. Saudi Arabia's Riyadh was chosen to host the World Expo in 2030 on Tuesday, garnering 119 votes out of 165 in a secret ballot held during the Bureau International des Expositions general assembly in Paris. Busan and Rome were k

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