Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Music in drama] Rekindle a love that slipped through your fingers
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul Metro to seek legal action against malicious complaints
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[Newsmaker] Death penalty sought for adoptive mother over toddler’s murder
Prosecutors again demanded death penalty for the adoptive mother in a highly publicized child abuse case that led to the death of a 16-month-old baby girl. At the Seoul High Court on Friday, prosecutors asked for the highest criminal penalty for the defendant, surnamed Jang, who was indicted in December on charges of fatally abusing her adopted daughter named Jeong-in from March to October 2020. The child was found to have suffered severe abdominal injuries and internal bleeding due to Jang&rs
Social AffairsNov. 5, 2021
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[Newsmaker] Main opposition party set to pick presidential nominee
The main opposition People Power Party (PPP) was set to pick its presidential nominee Friday as the two leading contenders appeared locked in a tight race. The nominee will be announced at a national convention at the Kim Koo Museum and Library in Seoul following a four-day poll of party members and the general public on who is best prepared to take on Lee Jae-myung, the nominee of the ruling Democratic Party. The four candidates in the PPP primary are former Prosecutor General Yoon Seok-youl,
PoliticsNov. 5, 2021
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[Newsmaker] Netflix promises to invest more into Korean content, doubles down on network fee issue
Netflix Vice President of Public Policy Dean Garfield, decked in a green tracksuit costume from the hit Netflix show “Squid Game,” entered the press conference room at JW Marriott Dongdaemun Square Seoul on Thursday, accompanied by the theme song from the drama series. Garfield began his speech by talking about how Netflix is willing to invest more into creating Korean content. However, when addressing the most heated issue on paying internet service providers bandwidth usage fees,
TelevisionNov. 4, 2021
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[Newsmaker] Marvel's 'Eternals' tops S. Korean box office on its first day
Marvel Studios' latest blockbuster "Eternals" has topped the South Korean box office on its opening day, data showed Thursday. The film posted 296,000 attendees on Wednesday, accounting for 88.9 percent of the day's total ticket sales, according to the data from the Korean Film Council. It marked the second-highest first-day record this year to date, following 400,000 visitors set by "F9," the latest chapter in the "Fast and Furious" series, in May. The new film
FilmNov. 4, 2021
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[Newsmaker] Conglomerates cut emissions by 9.3% in 2 years
South Korean conglomerates managed to reduce greenhouse gas emissions by 9.3 percent over the past two years, according to a report on Wednesday, suggesting they face a tough task in meeting the government’s 2050 carbon neutrality target. CEO Score, a corporate tracker based in Seoul, said major companies in the country curbed more than 46 million tons of greenhouse gas output in 2020, compared to 2018 figures. The calculation is based on emissions data from 197 companies in South Kore
IndustryNov. 3, 2021
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[Newsmaker] Despite regulatory moves, KakaoBank sees third quarter net profit rise
KakaoBank, the country’s largest internet-only lender by user base, on Tuesday said its net profit in the first three quarters rose 96.6 percent from a year prior, despite growing regulatory moves on household debts that slowed the lender’s growth in the third quarter. In its first quarterly report that reflects its post-IPO performance, the banking arm of mobile giant Kakao Corp., said it recorded 52 billion won ($44.3 million) in net profit in the third quarter of this year, a 28
MarketNov. 2, 2021
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[Newsmaker] KT to pay 35-40 billion won in compensation for network fiasco
KT will pay 35 billion-40 billion won ($29 million-$33 million) to subscribers in compensation for the massive network outage last week, the country’s No. 2 telecom operator in terms of revenue said Monday. In a press conference, executives of the firm acknowledged that the Oct. 25 incident was a human-caused disaster caused by lax oversight on its side and pledged to go “back to basics” to regain confidence from users. “We deeply apologize for causing incon
IndustryNov. 1, 2021
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[Newsmaker] Kospi’s average daily transaction volume hits 1-year low in October
South Korea’s main stock market saw its trading volume hit its lowest level in a year this month, data showed Sunday, amid market instability ahead of monetary policy meetings at central banks here and in the United States. The Kospi’s daily average trading volume stood at 11.75 trillion won ($10 billion) in October, its lowest level since the 10.85 trillion won posted a year ago, according to data compiled by the Korea Exchange. The figure had nearly halved since January, wh
MarketOct. 31, 2021
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[Newsmaker] Probe underway into teenager's death after vaccination
South Korea's health authorities said Saturday that they are looking into the case of a teenager who died after vaccination. According to the authorities, a third-grade high schooler was inoculated with the Pfizer vaccine on Aug. 13 and died on September 27. The teenager had no underlying conditions. It marks the first reported death of a vaccinated teenager. Since mid-July, high school seniors and those who will take the national college entrance exam slated for Nov. 18 have been vaccinated
Social AffairsOct. 30, 2021
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[Newsmaker] Airline industry prepares to increase international flights under “With COVID-19” scheme
Step-by-step, in line with the government’s plan to gradually return to normalcy with its “living with COVID-19” scheme, the airline industry has begun preparations for more overseas flights. According to full service carriers Korean Air and Asiana Airlines, some overseas flight routes will resume operations next month. Korean Air has decided to resume scheduled flights to Hawaii, Sydney, and Oakland. There will be three flights a week scheduled for Hawaii starting from Nov
MobilityOct. 29, 2021
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[Newsmaker] Korean steelmakers report stellar earnings on rising steel prices
Korean steelmakers witnessed their highest-ever profits in the third quarter this year, backed by strong sales due to surging steel prices. On Thursday, Hyundai Steel announced a 2,374 percent jump in operating profit to 826.2 billion won ($705 million) for the July-September period via a regulatory filing. Consolidated sales increased by 31.3 percent on-year to reach 5.86 trillion won, while the operating profit margin also increased to a record two-digit score of 14.1 percent, the company
IndustryOct. 28, 2021
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[Newsmaker] Once promising testbed, Seoul now a doomed city for e-scooters
One by one, electric scooter operators are leaving South Korea, once hailed as a perfect testbed for last-mile mobility innovation. According to industry sources Wednesday, German e-scooter operator Wind, which entered the Korean market in 2019, recently called it quits. Another e-scooter firm Gcooter halted services starting this month in three districts of Seoul -- Yeongdeungpo-gu, Dongjak-gu and Gwanak-gu -- where e-scooters are most frequently towed. As to why they are packing their bag
IndustryOct. 27, 2021
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[Newsmaker] Korea to be supplied with first batch of locally-manufactured Moderna doses
Some 2.4 million doses of Moderna’s COVID-19 vaccine that Samsung Biologics has helped manufacture are being supplied for domestic use for the first time, South Korea’s Ministry of Health and Welfare said Tuesday. The ministry said the 2.4 million doses are among the first batch of Moderna’s vaccine from the plant in Incheon. The country’s drug regulators authorized the Samsung Biologics-produced doses for emergency use Monday, the ministry said, which differs from th
Social AffairsOct. 26, 2021
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[Newsmaker] Military loosens rules on haircut amid discrimination concerns
The military said Monday that it would ease regulations on conscripts’ hair length and introduce the same standards for both officers and troops, amid calls for a change in discriminatory practices. “We were asked to review our rules on haircuts, and to that end, we instructed each branch of the armed forces to draft revisions. We can’t say when the change will take effect, though,” Defense Ministry spokesperson Boo Seung-chan said, referring to an advisory panel on huma
DefenseOct. 25, 2021
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[Newsmaker] Authorities to begin looking into data to explain why Nuri launch failed
South Korea’s Science Ministry said Sunday that researchers will begin looking into why the country’s first domestically-built rocket Nuri, or Korean Satellite Launch Vehicle II, failed to put a dummy satellite into orbit in its maiden flight last week. The Korea Aerospace Research Institute that led the Nuri project will form a task force to examine data from the Oct. 21 test to determine what caused the shorter-than-programmed burning of the rocket’s third engine. 
IndustryOct. 24, 2021
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[Newsmaker] S. Korea to impose temporary fuel tax cut amid gas price hike
South Korea will temporarily cut fuel taxes to soften the blow of skyrocketing gasoline prices, which put upward pressure on inflation, First Vice Finance Minister Lee Eog-weon said Friday. “The government will temporarily lower fuel taxes. We’ll finalize further details, including the extent of fuel tax cuts and when the envisioned measure will take effect, as soon as possible,” Lee said, adding that the formal announcement will be made during a government meeting nex
EconomyOct. 22, 2021
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[Newsmaker] New law strengthens punishment for stalkers, expands reach
A new law came into effect Thursday in South Korea imposing stiffer penalties for stalkers, amid growing calls for tougher penalties for offenders. Under the new legislation, stalkers can face up to three years in prison or 30 million won ($25,500) in fines. Up to five years in prison or a fine of 50 million won is possible if a weapon or other physically threatening means are used. Before the law came, stalking was categorized as a misdemeanor, meaning a fine not exceeding 100,000 won or 29 d
Social AffairsOct. 21, 2021
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[Newsmaker] Edison Motors likely preferred bidder for troubled SsangYong Motor
Edison Motors, a little-known electric bus manufacturer, seems likely to emerge as the preferred bidder for SsangYong Motor, South Korea’s longest-running car brand, which has experienced debt troubles in recent years. The Seoul Bankruptcy Court said a consortium led by Edison Motors is the only remaining bidder, effectively making it the preferred buyer. Its competitor, another consortium led by EV firm Electrical Life Business and Technology, was excluded from the list as it failed
IndustryOct. 20, 2021
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[Newsmaker] Airlines to resume, expand flights between Korea and Hawaii
Korean Air said Wednesday it would resume flights to Hawaii starting Nov. 3 while Hawaiian Airlines announced plans to expand flights on the route to four times a week. Korean Air’s operation on the route was suspended in April last year due to COVID-19. The Incheon-Honolulu KE053 flight will operate three days a week, departing from Incheon International Airport every Wednesday, Friday and Sunday night. The KE054 flight departing from Honolulu for Incheon will also operate on the same
MobilityOct. 20, 2021
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[Newsmaker] Military wary of lifting transgender ban despite court ruling
Despite a court ruling in favor of a soldier who was forcibly discharged after she received gender reassignment surgery, the military is still cautious about crafting a transgender policy because it is not ready to deal with the issue, military officials said Tuesday. In January 2020, Byun Hee-soo, who was the country’s first openly transgender soldier, was dismissed from the Army, which found her mentally and physical unfit to serve after she had her male genitals removed. Byun filed a l
DefenseOct. 19, 2021