King to appoint palace royal guards in reenactment of court ceremony at Gyeongbokgung Palace

A reenactment of the Joseon Kingdom's royal guard appointment ceremony will take place at Heungnyemun Gate, the second inner gate of Gyeongbokgung Palace, at 2 p.m. on Sunday. Titled “The King Chooses His Palace Royal Guard,” the guard appointment ceremony event will be performed by some 200 people -- including 160 actors, 20 dancers and 20 musicians -- who will reimagine the ceremony based on historical records. During the Joseon Dynasty (1392-1910), a royal guard unit called t

Cult leader maybe abusing lawyer visits in prison: lawmaker

Suspicions of cult leader Jeong Myeong-seok abusing lawyer visits have risen, with records showing that he had visits from his legal representative on average of 1.7 times a day during his detention since October, a lawmaker revealed Wednesday. According to Rep. Park Bum-gye of the main opposition Democratic Party, Jeong had met lawyers 265 times during his current detention as of March 3. He was detained on Oct. 4 on suspicion of sexually assaulting his follower in the South Korean religious gr

Prosecution starts looking into 'black money’ confession of ex-president's grandson

South Korean prosecutors on Wednesday said they are reviewing allegations of illicit funds surrounding late ex-President Chun Doo-hwan’s family, sparked by Chun’s grandson’s recent confession on social media that his family was “living off black money.” According to the Seoul Central District Prosecutors’ Office, the case has been allocated to the Criminal Proceeds Recovery Department to see if the disclosure made last week by Chun Woo-won -- the grandson in q

When Koreans lost a first lady

Assassination attempt on military strongman Park Chung-hee killed first lady Yuk Young-soo in 1974

Korea, Japan to expedite trade talks after summit

With Tokyo's export curbs expected to be lifted this week, neighbors seek to cooperate on chips

Samsung, SK breathe tentative sigh of relief over US chip subsidy rules

Experts say Korean chipmakers have dodged worst-case scenario, but call for diplomacy to put more pressure on Washington

Samsung Group celebrates low-key 85th anniversary

Sales of 20 key affiliates in 2022 exceed W400tr for first time

[Contribution] Scaling up SMEs, startups as key export players

By Cho Ju-hyeon South Korea’s small and medium-size enterprises and startups are facing challenges in exports amid bleak economic outlook and Chinese-dependent business. For survival, small companies should alter their course to diversify exports. As of February, the total amount of exports has decreased for five consecutive months, along with a trade deficit for 12 consecutive months. Exports from SMEs, which came to $117.5 billion last year, however, has been on a downward trend since