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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Actor Yoo Ah-in accused of sexual attack
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Man who let his father die due to financial difficulties to be released on parole
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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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Seoul shares open lower on battery, energy stock losses
Seoul shares started lower Monday as most blue chips across the board retreated, led by battery and energy-related stock losses. The benchmark Korea Composite Stock Price Index dipped 5.57 points, or 0.2 percent, to 2,789.89 in the first 15 minutes of trading. Leading battery firm LG Energy Solution dropped 2.75 percent following news that it has recently suspended construction of its joint US plant with General Motors amid stagnation in growth of the electric vehicle market. Smaller rival Samsu
MarketJuly 22, 2024
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Hospitals set to begin hiring trainee doctors as med professors warn of boycotting training programs
Hospitals were set to begin hiring about 7,700 trainee doctors on Monday, although medical professors have warned of boycotting their training programs in protest of the government's push for accepting the resignations of striking trainees. Monthslong standoffs with trainee doctors over the medical school admission quota hikes have shown no end in sight, as trainee doctors have been unresponsive to the government's appeasement steps, including a plan to abandon all punitive steps again
Social AffairsJuly 22, 2024
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Kakao founder set to attend arrest warrant hearing over alleged stock manipulation
Kim Beom-su, the founder of Kakao Corp., was to attend a court hearing Monday on an arrest warrant requested for him over alleged stock price manipulation related to the firm's takeover of K-pop powerhouse SM Entertainment last year. The Seoul Southern District Court was scheduled to hold a hearing for Kim around 2 p.m., two weeks after prosecutors questioned the tech tycoon about his alleged involvement in the manipulation of SM shares. The court is expected to decide whether to issue an a
Social AffairsJuly 22, 2024
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Exports rise 18.8% during first 20 days of July
South Korea's exports rose 18.8 percent on-year in the first 20 days of July, data showed Monday, on the back of the robust performance of chips and cars. Outbound shipments reached $37.17 billion in the July 1-20 period, compared with $31.2 billion tallied a year earlier, according to the data from the Korea Customs Service. Imports grew 14.2 percent on-year to $37.2 billion during the period, resulting in a trade deficit of $50 million. By sector, outbound shipments of semiconductors jump
EconomyJuly 22, 2024
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Biden drops out of presidential race, endorses Harris as successor
US President Joe Biden dropped out of the presidential race Sunday as his poor debate performance last month exacerbated concerns about his old age and touched off unrelenting calls to end his reelection campaign. Biden, 81, made the announcement, bowing to mounting pressure from Democratic lawmakers, donors and voters. He officially endorsed Vice President Kamala Harris to become the Democratic Party's nominee to take on former President Donald Trump in the Nov. 5 general election. It is u
Foreign AffairsJuly 22, 2024
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[Graphic News] 2024 Paris Olympics: A centennial celebration of the Summer Games
The 2024 Paris Olympics marks the 33rd edition of the Summer Games, returning to Europe for the first time in 12 years. This event also brings the Olympics back to France 32 years after the 1992 Albertville Winter Games. Notably, it celebrates 100 years since Paris last hosted the Summer Olympics in 1924. The Games will take place from July 26 to Aug. 11. In a break from tradition, the opening ceremony will be held on the River Seine, while the closing ceremony will take place at the Stade de
More SportsJuly 22, 2024
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Biden, stubborn president who fought a battle too far
Joe Biden wanted to save the "soul of America" from Donald Trump, but his stubborn defiance of the march of time threatened to clear his rival's path back to power. Biden caved in to growing pressure Sunday and announced he is dropping out of the presidential race, amid concerns over his mental acuity and ability to beat Trump and serve four more years. His decision saw him hailed as a "patriot of the highest order" by his one-time boss, former president Barack Obama. Bu
World NewsJuly 22, 2024
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Biden exit offers opportunities, pitfalls for Democrats
Joe Biden's withdrawal from the US election offers Democrats the precious opportunity for a late reset in a campaign that was going badly -- but ushers in an uncertain few weeks that will make or break their chances against Donald Trump. Grassroots voters will hope to be better served than they were during the initial nomination race, when Democrats put up no serious competition to the 81-year-old president's candidacy despite worries over his age. "Remarkable leadership shown by
World NewsJuly 22, 2024
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Biden drops out of 2024 race after disastrous debate inflamed age concerns, VP Harris gets his nod
WASHINGTON (AP) — President Joe Biden dropped out of the 2024 race for the White House on Sunday, ending his bid for reelection after a disastrous debate with Donald Trump that raised doubts about the incumbent's fitness for office. The unprecedented announcement, delivered less than four months before the election, immediately upended a campaign that both political parties view as the most consequential in generations. The president — intent on serving out the remainder of his term
World NewsJuly 22, 2024
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[Yoo Choon-sik] Safe choice not always best policy
The Bank of Korea governor’s news conference on its monetary policy, held early this month, was largely successful by signaling to the markets that it would not rush to begin lowering interest rates despite a slump in domestic demand. However, it was less successful in providing clear guidance on conditions under which it might begin doing so. There is nothing wrong with the long-standing practice of South Korea’s central bank avoiding making explicit promises about the future course
ViewpointsJuly 22, 2024
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[Editorial] Global IT failure
A global IT failure, caused by a flawed software update, paralyzed several Microsoft Windows PCs used by airlines, hospitals and retailers around the world Friday, sending alarms over the growing vulnerability of closely and extensively interconnected technology systems. The software update that wreaked unprecedented IT havoc has been traced to US-based cybersecurity firm CrowdStrike, which provides software to companies to protect against hackers and cyberattacks. Microsoft and CrowdStrike have
EditorialJuly 22, 2024
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Presidential office holds emergency meeting to address damage from recent heavy rain
The presidential office held an emergency meeting Sunday to assess the damage caused by recent downpours and decided to establish an inter-agency headquarters to prevent further damage from additional heavy rain or typhoon forecast next week. The government also plans to promptly carry out emergency repairs to damaged facilities by providing special grants and operating emergency recovery teams, according to Jeong Hye-jeon, the presidential spokesperson, during a press briefing. Last week, Presi
Social AffairsJuly 21, 2024
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High jumper Woo Sang-hyeok, swimmer Kim Seo-yeong named S. Korean flag bearers
FONTAINEBLEAU, France -- South Korea announced Sunday high jumper Woo Sang-hyeok and swimmer Kim Seo-yeong will be its flag bearers at the opening ceremony for the Paris Summer Olympics. Lee Kee-heung, president of the Korean Sport & Olympic Committee, made the announcement during an open house event at the South Korean training camp at the National Sports Center for Defense (CNSD) in Fontainebleau, about 60 kilometers south of the French capital. The opening ceremony is scheduled for Frid
Olympic GamesJuly 21, 2024
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'79% of child victims of family members' sex crimes were 13 or younger when it first happened'
An overwhelming majority of the child victims in sex crimes perpetrated by a family member were aged 13 or younger when they were first victimized, a parliamentary report showed Sunday. The National Assembly Research Service compiled a report based on its survey of the four juvenile protective facilities for the victims of sex crimes by family members, which were established in 2010. Of the 316 children and teens currently under protection, 115 -- or 36.4 percent -- were first subject to the c
Social AffairsJuly 21, 2024
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Victim of 2004 Miryang gang rape case speaks in rare public address
The primary victim in an infamous 2004 gang rape case by high school boys discussed the case in a rare interview with a local media outlet that aired Saturday, explaining to the public the pains she had to endure due to the horrid incident and secondary damages that followed. The victim, referred to as Kim, not her real name, in a recent episode of "Unanswered Questions" on SBS said she had been living in fear of retribution from the 44 alleged perpetrators of the incident in Miryang
Social AffairsJuly 21, 2024
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Record-high college graduates not working or looking for jobs
The number of South Koreans without a job or seeking a job marked an all-time high in the first half of this year, government data showed Sunday. According to Statistics Korea, there were 4.058 million people in the country with a college degree who were considered an "economically inactive population," which refers to those aged 15 or over who are unable to or unwilling to work. This includes students, homemakers, those preparing for state exams for government official posts and peo
EconomyJuly 21, 2024
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National Theater of Korea new season a mix of old and new
The National Theater of Korea unveiled its 2024-25 season programs which will “emphasize its identity as producing theaters.” The new season, which runs from Aug. 28 to June 29, 2025, will feature 61 titles, including 23 new works, 8 productions from repertoires, 14 regular performances and 16 co-hosted works. “We have prepared works that focus on two trajectories: Contemporary creative productions based on tradition and encore performances from our repertoires that audiences h
PerformanceJuly 21, 2024
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Is Samsung on track for large-scale M&A deals?
Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech giant, leading in mobile devices and semiconductors, announced Thursday its acquisition of Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. It is the first time the company makes such an investment via Samsung Research, its research and development hub. The deal
IndustryJuly 21, 2024
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Leadership race heats up for major parties
The leadership race for the two major parties here heated up in recent days, with the main opposition kicking off its primaries and the ruling party wrapping up its weekslong contest with an election scheduled for Tuesday. Ex-main opposition leader and Democratic Party of Korea Rep. Lee Jae-myung on Sunday won a primary in Gangwon Province, the third of the 15-leg race across the country, as he tries to secure a second term. Lee won a whopping 90.02 percent of the total ballots cast by registere
PoliticsJuly 21, 2024
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Korea logs record US trade surplus in 1st half amid surging Trump risks
South Korea logged an all-time high trade surplus with the United States in the first half of this year based on strong auto exports, as the country monitors the US presidential race carefully and the chances of a second Donald Trump administration’s heavy protectionism. According to the Ministry of Trade, Industry and Energy and Korea International Trade Association on Sunday, Korea posted a record US trade surplus of $28.7 billion from January to June this year, up 55.1 percent from the
EconomyJuly 21, 2024