Seoul shares opened higher Monday as the US Federal Reserve is expected to await more evidence that inflation is under control before cutting rates this year. The benchmark Korea Composite Stock Price Index rose 8.11 points, or 0.3 percent, to 2,754.74 in the first 15 minutes of trading. Fresh inflation data released Friday was in line with the US central bank's expectations. Fed Chair Jerome Powell said it would not be appropriate to cut rates until officials are sure inflation is on track

The 2024 Asia’s 50 Best Restaurants list has revealed the top 50 selected restaurants in Asia, with four restaurants in Seoul among the rankings. Japan’s neo-French style restaurant Sezanne, helmed by British-born chef Daniel Calvert, was announced as the top winner at an awards ceremony held at the Grand InterContinental Seoul Parnas on Tuesday evening. The ceremony marked the finale to the gastronomic summit that kicked off this year’s edition in Seoul on Saturday, gathering

Tokyo's Sézanne climbs to the top spot to be awarded The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna Singapore leads the rankings with nine entries, and welcomes newcomers Seroja (No.31), also the winner of the Highest New Entry Award 2024, sponsored by Nongshim, and Lolla (No.43) Moving up an impressive 32 spots is Wing (No.5) in Hong Kong, which takes the Highest Climber Award, sponsored by Korean Air Nusara (No.6) is this year's G

The Tajikistan embassy in Seoul highlighted the core of peace, tolerance and new beginnings marking Navruz on Monday. Navruz means "New Day," symbolizing the rejuvenation of nature and the start of a new year. The festival is celebrated on the first day of spring, typically on March 21, coinciding with the astronomical vernal equinox. The festival is said to have a historic tradition of thousands of years in regions along the Silk Roads, including the Balkans, the Black Sea Basin, the

Hyundai Motor Group said Monday that it has joined hands with Red Sea Global to implement eco-friendly future mobility to Saudi Arabia’s development project to open luxurious and pro-nature tourism resorts along the west coast of the Middle Eastern country. According to the announcement, the representatives of the Korean automaker and the Saudi Arabian megaproject signed a memorandum of understanding in Riyadh on Sunday. Red Sea Global, which is entirely owned by the Public Investment Fund

Double Win in "Urban Air Mobility Cabin Concept" and "Future Mobility Concept Seat" First in the Domestic Automotive Parts Industry to Set Direction for UAM Space, Proving Global Design Competence HANOVER, Germany and SEOUL, South Korea, March 25, 2024 /PRNewswire/ -- HYUNDAI TRANSYS, a leading company in future mobility, has won two awards at the "iF Design Award 2024" in Germany, one of the most prestigious international design competitions. Urban

A bullet has been recovered from inside a Korean Air plane that was bound for Milan at Incheon Airport, according to airport police on Sunday. According to the Incheon Airport Police Corps, a staff member who was cleaning the inside of flight KE0927 at around 11:20 a.m. on Sunday found a 9-millimeter bullet for a hunting gun underneath a passenger seat. The aircraft had been scheduled to head for the Italian city at 12:10 p.m. Airport police conducted a thorough search inside the airplane but di

Korean Air Chair and CEO Walter Cho secured his position as a board member of the national flag carrier and pledged to steer the company toward successful integration with Asiana Airlines this year, marking a leap toward establishing a megacarrier. Cho received an 85 percent endorsement from participating shareholders during their annual meeting on Thursday. "Despite the prolonged timeline, the merger between Korean Air and Asiana Airlines will be a substantial driver of long-term growth,

One of South Korea’s iconic cherry blossom festivals, opened Saturday in Changwon, South Gyeongsang Province, but the cherry blossoms were still days away from coming into full bloom. According to a Changwon City official, the city moved up the opening date for its cherry blossom festival, Jinhae Gunhangje Festival, believing the mild winter might cause flowers to bloom early. But, the lack of sunny days and a cold snap in early March deterred the cherry blossoms from flowering. The town&#

The South Korean government on Friday greenlit the initial mass production plan for KF-21 fighter jets on Friday, totaling 40 units, but with signing contracts set for the production of only 20 units this year. The Defense Acquisition Program Administration emphasized the necessity of producing 40 KF-21 fighter jets, citing what it said was an urgent need to address the military capability shortfall resulting from the retirement of outdated F-4 and F-5 aircraft. "This project is anticipated

South Korean actors Im Soo-hyang and Ji Hyun-woo said with the help of veteran director and screenwriter, they are ready to embody their intriguing roles in the new KBS weekend drama series, "Beauty and Romantic," set to premiere Saturday. "Beauty and Romantic" is a 50-part series that tells the story of a top celebrity (played by Im Soo-hyang), who experiences a decline in popularity and a drama series producer (played by Ji Hyun-woo), who falls in love with her. The drama s

Korean Air Co., South Korea's No. 1 flag carrier, said Thursday it plans to sign a $13.7 billion deal with Airbus to buy 33 units of its latest A350 series aircraft. The company said the deal, which includes 27 A350-1000s and six smaller-sized A350-900s, will be clinched to supplement its long-term fleet operations as it retires its older aircraft. The A350-1000 is the largest in the A350 family, accommodating up to 410 passengers, and uses advanced composite materials to reduce fuel cons

South Korean logistics company Hanjin Logistics Corp. said Wednesday it has signed a partnership with Tuushin LLC, Mongolia's leading freight forwarding company, as a strategic move to advance its presence in Mongolia. On Tuesday, Hanjin and Tuushin inked a memorandum of understanding at Hanjin's headquarters in Seoul, with Hanjin Logistics CEO Noh Sam-sug, Chief Marketing Officer Emily Cho and Tuushin LLC President Zorigt Namsraija in attendance. Under the agreement, the two companies

South Korea and the United States have been conducting river-crossing drills near the border with North Korea to enhance the interoperability of their troops, Seoul's Army said Wednesday. The exercise has been under way on the Imjin River in the border city of Paju, located 37 kilometers north of Seoul, since March 11, according to the Army. Approximately 470 troops from the South Korean Army's 5th Armored Brigade and an engineering battalion under the US 2nd Infantry Division/ROK-US C

Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, including China’s Zhengzhou and Zhangjiajie, as well as Zurich and Bangkok. The Incheon-Zurich route will have three weekly flights to meet the high demand for summer travel to the Swiss city among Kor