Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Man who let his father die due to financial difficulties to be released on parole
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Actor Yoo Ah-in accused of sexual attack
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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Parliament passes broadcasting bill, ruling party lawmakers exit in protest
The opposition-controlled National Assembly passed one of the four contentious broadcasting bills aimed at reducing the government's influence over public broadcasters Friday, with lawmakers of the ruling party leaving in protest. The passage followed the main opposition Democratic Party ending the ruling People Power Party's filibuster during a plenary session after 24 hours. The bill was then put to a vote and passed in a 183-0 vote, in which only lawmakers from opposition pa
PoliticsJuly 26, 2024
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2 YouTubers in 'mukbang' star blackmail case arrested
A local court on Friday issued arrest warrants for two YouTubers accused of blackmailing and extorting "mukbang" YouTube star Tzuyang. The Suwon District Court issued the warrants after questioning Lee Jun-hee and Jeon Kuk-jin, known by their YouTube channel names, Gujeyeok and Jujakgambeolsa, respectively, on charges of blackmail, threats and extortion against Tzuyang. The court cited the gravity of their charges, as well as concerns over secondary victimization of the YouTube s
Social AffairsJuly 26, 2024
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SK hynix confirms W9.4tr investment in Yongin Cluster's 1st fab
SK hynix, the world's second-largest memory chip maker, said it has decided to invest about 9.4 trillion won ($6.77 billion) in building the first manufacturing plant and business facilities of the Yongin Semiconductor Cluster in a board meeting on Friday. The chipmaker plans to start construction of the first fab in the Yongin cluster in March next year, and complete it in May 2027. The envisioned manufacturing plant will produce next-generation DRAM, including High Bandwidth Memory, a rep
IndustryJuly 26, 2024
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Shinhan Financial Group to enhance corporate value by 2027
Shinhan Financial Group on Friday unveiled a corporate value enhancement plan detailing specific targets and strategies to boost profitability. According to the plan, the financial giant aims to achieve a 10 percent return on equity, a 50 percent shareholder return rate and reduce its shares by 50 million by 2027. To reach a 50 percent shareholder return rate, Shinhan plans to decrease the number of shares through ongoing stock buybacks and cancellations. Last year, the company's shareholde
IndustryJuly 26, 2024
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National Theater Company's 'Hamlet' delves into political drama
Three distinct interpretations of the Shakespearean tragedy "Hamlet" are coming to Korea's stages in the coming months, showing that a timeless classic can still be made new. Prince Hamlet is Princess Hamlet in the production by the National Theater Company of Korea, whereas Seensee's production directed by Sohn Jin-chaek and currently running at the Hongik Art Center turns to contemporary mise-en-scene for new inspiration. October will see yet another "Hamlet," dir
PerformanceJuly 26, 2024
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Seoul Summer Beach invites people to splash in Seoul’s center
Seoul City’s signature summer festival “Seoul Summer Beach” has returned to Gwanghwamun Plaza in central Seoul, with a larger swimming zone than last year and new facilities to help beat the heat. The second edition of the festival began its 17-day operation Friday afternoon with an opening ceremony, according to its operator the Seoul Tourism Organization. Seoul Summer Beach consists of a water zone, Gwanghwa Waterpark, and a zone in front of the Statue of King Sejong the Grea
TravelJuly 26, 2024
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Kia posts record operating profit in Q2
Kia logged another record profit in the second quarter on Friday, driven by an enhanced product mix, higher average selling price and favorable exchange rates. During the April-June period, Kia achieved two new records -- 3.64 trillion won ($2.63 billion) in operating profit and a 13.2 percent operating profit margin -- in second-quarter earnings, continuing to break records for two straight quarters. The automaker’s quarterly operating profit increased by 7.1 percent in comparison to the
MobilityJuly 26, 2024
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Over 100 heat-related illness cases reported in 3 days: govt.
With the monsoon season coming to an end, South Korea has seen a surge in the number of days with scorching heat, leading to a rapid increase in the number of cases of heat-related illnesses. According to the Korea Disease Control and Prevention Agency on Friday, 507 medical institutions equipped with emergency rooms reported to the agency that they saw 124 patients with heat-related illnesses from Monday to Wednesday, 55 of which were from Wednesday alone. The KDCA added that 16.3 percent of th
Social AffairsJuly 26, 2024
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Liberation Day eve concert with Song Ga-in at Gwanghwamun
A concert titled "8.15 Seoul My Soul" will be held at Gwanghwamun Square at 7 p.m. on Aug. 14, to celebrate Liberation Day, with "queen of trot" Song Ga-in performing the finale. The Sejong Center for the Performing Arts, in collaboration with the Seoul Metropolitan Government, is organizing the event to commemorate the 79th anniversary of Liberation Day. The concert will begin with a performance by male percussion group Tago. Also performing will be Seodo Band, who describe
PerformanceJuly 26, 2024
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Match made in temple
Buddhist monks in South Korea are increasingly embracing a new role -- matchmaking. “To us, monks helping singles match up isn’t all that new. We launched a templestay program for singles in early 2012. It just hadn’t made headlines like today,” an official of the Korean Buddhist Foundation for Social Welfare said Friday. The official at the foundation, run by the Jogye Order of Korean Buddhism, was referring to a long-running program where participants learn about tradit
CultureJuly 26, 2024
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Hana chief cleared of severe punishment in DLF crisis
After a four-year legal battle, Hana Financial Group Chairman Ham Young-joo has escaped regulatory punishment imposed for internal control failure involving the misselling of derivatives-linked funds. On Thursday, the Supreme Court upheld the appellate court's decision to cancel the major disciplinary action taken by financial authorities on Ham over the losses from the overseas interest rate-linked derivative fund incident in 2019. The top court confirmed the lower court’s ruling, wh
IndustryJuly 26, 2024
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First lady skips parliamentary hearing
First lady Kim Keon Hee’s absence at an opposition-led parliamentary hearing on Friday sparked a protest by opposition parties, while the ruling party came to her defense. Kim and her mother failing to appear as witnesses at the hearing organized by the National Assembly’s Legislation and Judiciary Committee Friday morning, to review an online petition with some 1.4 million signatures calling for the impeachment of her husband President Yoon Suk Yeol. The impeachment motion against Y
PoliticsJuly 26, 2024
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Cash-crunched Tmon begins refund process for customers
Tmon, an online marketplace platform owned by Singapore-based e-commerce company Qoo10, on Friday, started issuing refunds to customers who did not receive their products purchased on the platform hit by a liquidity crisis. This move comes a day after the CEO of WeMakePrice, another affiliate of Qoo10, offered an apology and began issuing refunds as hundreds of consumers visited the headquarters of the online marketplace platform. Tmon and WeMakePrice, which were acquired by Qoo10 in 2022 and 20
CompaniesJuly 26, 2024
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[Today’s K-pop] Treasure to publish magazine for debut anniversary
Treasure has put together a magazine to mark the fourth anniversary of its debut, according to label YG Entertainment Friday. The magazine will be available from Aug. 7 and include a 188-page photobook and sticker book as well as a set of photocards and a poster. A postcard bearing the message from the bandmates along with pictures drawn by them will also be part of the publication. Separately, the ten members are set to host a concert in Seoul on Aug. 15. It will be the final gig for their seco
K-popJuly 26, 2024
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Pet daycare, English kindergarten more costly than private four-year colleges: report
The annual tuition to a private South Korean university last year was lower than that of pet daycare and English kindergarten, according to research published Tuesday. A report analyzing private education costs at different levels of schooling published by the Korean Association of Private University Presidents found the average annual school fee for private four-year colleges in 2023 was 7.32 million won ($5,283.67), or an average of 610,000 won per month. The cost of daycare facilities for pe
Social AffairsJuly 26, 2024
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Medical services scaled back as doctors gather for protest, discussion forum
As the stalemate in South Korea's medical circle enters its sixth month following the government's announcement of a drastic hike in the medical school admissions quota, doctors nationwide once again suspended services on Friday, calling on the government to drop the plan. In the early morning, the emergency committees of medical professors at Kangwon National University and Chungbuk National University Hospitals, joined by trainee doctors, medical students and their parents, held a ra
Social AffairsJuly 26, 2024
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Seoul shares snap 2-day fall on large cap gains
South Korean shares closed sharply higher Friday, ending a two-day losing streak on large cap gains led by financial firms and shipbuilding companies. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index added 21.25 points, or 0.78 percent, to close at 2,731.90. Trading volume was moderate at 504.7 million shares worth 12.8 trillion won ($9.24 billion), with gainers outnumbering losers 594 to 288. Institutions purchased a net 394 billion won wor
MarketJuly 26, 2024